an LOUGHAGHERY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY {Receipts and Payments Account) for the year ended 31 December 2022 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Receipts Donation5 and legacies Charitable activities Other trading activities Investment Income Other 66,888 300 400 239 495 27,274 7,184 94,162 7,482 400 346 493 94,665 4,893 400 525 243 108 Sale of Investments Sale of fixed a55ets Loans Received Total Recelpts 68,322 34,566 102,883 100,726 Payments Raising funds Charitable activitles 401 68,026 401 98,569 413 78,827 30,543 Investment costs Other 23,322 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 68,427 30,543 98,970 102,562 Net receipts / Ipaymentsl Transfers between funds 11051 4023 3,918 11,836) Net movement in funds Funds brought forward (105) 49,845 4,023 98,901 3,918 178,088 11,836) 179,924 29,342 Funds carried forward 12 49,740 102,924 29,342 182,006 178,088 12
an LOUGHAGHERY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestricted Funds Restricted Funds Endowrnent Total Funds Total Funds Funds 2022 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 49,845 {105) 98,901 4,023 29,342 178,088 3,918 179,924 11,836} Bank and Cash at end of year 49,740 102,924 29,342 182,006 178,088 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 13,824 125,629 13,755 121,779 139,453 135,534 Other Assets Fixed Assets- Note 10 Church & Hall Premi5es18uildings & Contents ) Fixtures (Church Organ) Stores & Contents ' 5.5 acres agricultural land Investments- Note 11 Gift Aid receivable on donations 55,000 42,554 11,397 55,000 42,554 11,668 (Apr to Decl 108,951 109,222 Insurance Valuations removed from Fixed Assets. £2,833,107 at 31/1012022 Liabilities Loans Other 248,404 244,756 Approved by the Committee & Kirk Session on and signed on its behalf by [Name] kn ,7A [Name] L<L..Z AL- [Date] 13
an LOUGHAGHERY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POUCIES BASIS OF FINANCIAL STATEMENTS 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. FUNDACCOUNTING 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 restricted 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 8rants 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 Restricted Funds Endowment Funds Total 2022 Total 2021 Recorded giving: Loose collections Donation5 and gifts Gift Aid Legacies and bequest 55,756 472 i(x) 10,560 21,264 77,020 472 1,840 14,830 75,077 3,245 2,068 14,275 1,740 4,270 66,888 27,274 94,162 94,665 14
an LOUGHAGHERY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 1,760 1,758 300 1,264 2,410 1,750 563 450 379 1,395 2,105 300 1,264 2,410 1,750 300 7,184 7,482 4,892 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restrlcted Funds Endowment Funds Total 2022 Total 2021 Letting of premises Field Rental Trading income 400 400 400 400 400 400 INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Deposit interest General Investment Fund Rents investment properties Other investment income 127 135 142 112 99 211 383 239 108 346 525 15
an LOUGHAGHERY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Insurance claims Other income- Wayleave5 etc. 495 493 243 495 493 243 RAISING FUNDS Unrestricted Funds Restrirted Funds Endowment Funds Total 2022 Total 2021 FWO envelopes Fundraising events 401 401 413 401 401 413 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 13,295 756 38,461 14,363 loo 1,051 13,295 756 38,461 31,119 13,887 1,051 12,953 794 36,514 16,436 10,982 1,148 16,757 13,786 68,026 30,543 98,569 78,827 16
an LOUGHAGHERY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Investment properties expenses PMS balance written off 23,322 23,322 10. FIXED ASSETS The congregation owns 5.5 acres (two fields} of agricultural grazing land that is adjacent to the Church premises and this is currently let to a neighbouring farmer. This has been valued at £55,000 by Fred Dalzell & Partners. The congregation owns the Church premises situated at Cargygray Road, Hillsborough, BT2668L, along with the associated fixtures, fittings, plant and machinery. These have an insurance value of £2,833,107131/10120221. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2022 2021 General Investment Fund Property Other investments - Progressive BS Other investments - 42,554 42,554 42,554 42,554 17
an LOUGHAGHERY CONGREGATION OF THE pREsBER1AN CHURCH IN IRELAND NOTESTO THE ACCOUNTS (cont'd) 31 December 2022 11. FUND BALANCES Fund Balance at Receipts start Payment Surplus / Transfer . Balance at (Deficit) end Unrestricted Funds General Account 49,845 68,322 68,427 {105) 49,740 49,845 68,322 68,427 {105) 49,740 Restricted Funds Repair Fund Manse Account PCI Appeals/Missions 61,334 14,308 443 13,191 66 12,514 9,116 40 12,154 4075 26 360 65,409 14,334 803 Magazines Sunday School Choir Account Badminton Club Bowling Club Boys Brigade Girls Brigade Ladles Fellowship Ladies Fellowship Webb Ivory alc Junior C E Youth Fellowship 5,665 1,602 892 3,822 2,140 908 218 6,806 663 Icrf) 888 953 165) 5,600 1,602 1,527 4,056 1,395 625 260 6,807 406 loo 742 333 4,544 1,385 905 107 99 5,289 1,668 863 635 234 {7451 {2831 42 257 {257) 98,901 34,569 30,546 4,023 102,924 Endowment Funds Progressive BS{exc. Manse) 'Intere5t included above. 29,342 29,342 29,342 29,342 Total 178,088 102,891 98,973 3,918 182.006 18
an LOUGHAGHERY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2022 'Interest of £147from Progressive Building Society Investments has been included in the relevantfunds above rather than shown as tr(Insfers. 19