an KATESBRIDGE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 19,176 2,275 2,194 21,451 2,194 1,820 750 3,471 23,579 1,975 3,017 98 1,820 750 3,471 Sale of Investments Sale of fixed assets Loans Received Total Receipts 25,216 4,469 29,685 28,669 Payments Raising funds Charitable activities Investment costs Other 55 13,400 55 15,725 80 27,347 2,325 1,261 9,744 11,006 1197 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 14,716 12,070 26,786 28.624 Net receipts / Ipayments) Transfers between funds 10,500 (7,600) 2,899 45 Net movement in funds Funds brought forward 10,500 55,435 (7,600) 8,973 2,899 64,408 45 64.362 Funds carried fop¥vard 12 65,935 1,372 67,307 64,408
an KATESBRIDGE CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restrirted Endowment Funds Funds Total Funds 2023 Total Funds 2022 Funds Reconciliation Bank and Cash at start of year Net movement in fund5 55,436 10,500 8,972 {7,600) 64,408 2,899 64,363 45 Bank and Cash at end of year 65,936 1,372 67,307 64,408 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Outstanding Cheques Cash in Hand 68,564 346 {1.877) 274 66,119 186 {1,975) 78 67,307 64,408 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Investments- Note 11 Gift Aid receivable on donations Llabilities Loans Other Approved by the Kirk Session at a meeting on 13 106/144 and signed on its behalf by [Name] [Datel 1110¢4L4 [Name] NJ{ Kh.q
an KATESBRIDGE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POUCIES BASIS OF FINANCIALSTATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Endowment funds are funds. the capital of which must be retained either permanently or at the congregation's discretion; the income derived from the endowment is to be used either as restritted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestricted Funds Restrirted Endowment Funds Funds Total 2023 Total 2022 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 103 15,858 3,215 504 1,771 607 17,629 3,215 279 17.326 5,720 255 19,176 2,275 21,451 23,579
Presbyter an KATESBRIDGE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 2,194 2,194 1.975 2,194 2, 194 1,975 4. OTHER TRADING AcfiviTIES Unrestrlcted Funds Restrirted Funds Endowment Funds Total 2023 Total 2022 Letting of premises Trading income 1,820 1,820 3,017 1,820 1,820 3,017 INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Deposit interest General Investment Fund Rents investment properties Other investment income 750 750 98 750 750 98
an KATESBRIDGE CONGREGATION OF THE pRE5BERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conYd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Insurance claims Other income 3,471 3,471 3,471 3,471 RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 FWO envelopes Fundraising events 55 55 80 55 55 380 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 1,159 3,737 5,325 2,526 653 1,159 3,737 5,325 3.123 2,382 1020 187 7,921 15,844 2.375 596 1,729 13,400 2,325 15,725 27,347
Presbyter an KATESBRIDGE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Investment properties expenses 1,261 9,744 11,005 1,197 1,261 9,744 11,005 1,197 10. FIXED ASSETS The congregation owns the Church premises and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,172,525. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 General Investment Fund Property Other investments
an KATESBRIDGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS Iconvd) 31 December 2023 12. FUND BALANCES Fund Balance at Start ReIPtS Payment Surplus / Transfer (Deficit) Balance at end Unrestrirted Funds General Account 55,435 24,068 14,064 10,004 65.439 55,435 24,068 14,064 10,004 65,439 Restricted Funds Property/Building Fund United Appeal Sabbath Appeal PW Fund 6,127 555 2,028 263 1,898 2,479 231 1,009 9,744 1,729 596 653 (7,846) 750 (366) 357 {1,719) 1,305 1,662 620 8,972 5,617 12,722 (7,105) 1,868 Endowment Funds Total 64,408 29,685 26,786 2,899 67,307