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 pREsB￿ER1AN 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