an
LOUGHAGHERY CONGREGATION OFTHE PREs8￿ERlAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account)
for the year ended 31 December 2023
Note
Unrestricted Restricted
Funds
Funds
Endowment
Funds
Total
2023
Total
2022
Receipts
Donations and legacies
Charitable activities
Other trading activities
Investment Income
Other
73,853
650
500
224
1768
24,623
9,719
98,476
10,369
500
371
1768
94,162
7,482
400
346
493
147
Sale of Investments
Sale of fixed assets
Loans Received
Total Recelpts
76,995
34,489
111,484
102,883
Payments
Raising funds
Charitable activities
381
73,522
381
118,677
401
98,569
45,155
Investment costs
Other
Purchase of Investments
Purchase of fixed assets
Loan Repayments
Total Payments
73,903
45,155
119,058
98,970
Net receipts / (payments)
Transfers between funds
3,092
{10,666)
(7,574}
3,918
Net movement in funds
Funds brought forward
3,092
49,740
(10,666)
102,924
{7,574)
182,006
3918
178,088
29,342
Funds carried forward
12
52,832
92,258
29,342
174,432
182,006
12

an
LOUGHAGHERY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF ASSEfs AND LIABILITIES
As at 31 December 2023
Unrestricted
Funds
Restricted
Funds
Endowment Total Funds Total Funds
Funds
2023
2022
Funds Reconciliation
Bank and Cash at start of year
Net movement in funds
49,740
3,092
102,924
{10,666)
29,342
182,006
(7,574)
178,088
3,918
Bank and Cash at end of year
52,832
92,258
29,342
174,432
182,006
Bank & Cash Balances
Bank Deposit Accounts
Bank Current Accounts
Cash in Hand
13,390
118,488
13,824
125,629
131,878
139,453
Other Assets
Fixed Assets- Note 10
Church & Hall Premises (Buildings & Contents).
Fixtures (Church Organ)
Stores & Contents **
5.5 acres agricultura I land
Investments- Note 11
Gift Aid* receivable on donations
(Restricted £3,355)
'IUnrestricted £9,099)
**
55,000
42,554
12,454
55,000
42,554
11,397
(Apr to Decl
110,008
108,951
'Insurance Valuations removed
from Fixed Assets.
£3,045,590 at 31110/2023
Liabilities
Loans
Other
241,886
248,404
Approved by the Committee & Kirk Session on
*,- OJ. O 90%¥
and signed on its behalf by
[Namel
[Name]
[Datel %tr lits
13

an
LOUGHAGHERY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES
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.
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 restricted or
unrestricted income funds dependin8 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
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
Recorded giving:
Loose collections
Donations and gifts
Gift Aid
Legacies and bequest
59,559
533
3619
10,142
19,582
79,141
533
4,654
14, 148
77,020
472
1,840
14,830
1,035
4,006
73,853
24,623
98,476
94,162
14

an
LOUGHAGHERY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
CHARITABLE ACTIVITIES
Unrestricted
Funds
Re5trirted
Funds
Endowment
Funds
Total
2023
Total
2022
Income from charitable activities
Fees from weddings and funerals
Fundraising events
Membership fees
Grants
3,007
3,007
650
2,179
2,133
2,400
1,758
300
1,264
2,410
1,750
650
2,179
2,133
2,400
650
9,719
10,369
7,482
4. OTHER TRADING AcfiviTIES
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
Letting of premises Field Rental
Trading income
500
500
400
500
500
400
INVESTMENT INCOME
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Deposit interest
General Investment Fund
Rents investment properties
Other investment income
133
69
202
135
91
78
169
211
224
147
371
346
15

an
LOUGHAGHERY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {cont'd)
31 December 2023
OTHER INCOME
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
Insurance claims
Other income- Wayleaves etc.
1,768
1,768
493
1,768
1,768
493
RAISING FUNDS
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
FWO envelopes
Fundraisin8 events
381
381
401
381
381
401
CHARITABLE A￿1VITIEs
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
13,695
784
39,344
18,614
13,695
784
39,344
50,390
13,379
1,085
13,295
756
38,461
31,119
13,887
1,051
31,776
13,379
1,085
73,522
45,155
118,677
98,569
16

an
LOUGHAGHERY 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
PMS balance written off
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,
BT266BL, along with the associated fixtures, fittings, plant and machinery. These have an Insurance value
of £2,833,107 (31/10/2023).
INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
2023
2022
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￿ERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
31 December 2023
11. FUND BALANCES
Fund
Balance at Recelpts Payment
start
Surplus / Transfer Balance at
(Deficit)
end
Unrestricted Funds
General Account
49,740
76,995
73,903
3,092
52,832
49,740
76,995
73,903
3,092
52,832
Restricted Funds
Repair Fund
Manse Account
PCI Appeals/Missions
65,409
14,334
803
12,782
53
10,067
24,949
32
10,770
{12,167)
21
1703)
53,242
14,355
100
Magazines
Sunday School
Choir Account
Badminton Club
Bowling Club
Boys Brigade
Girls Brigade
Ladies Fellowship
Ladies Fellowship Webb Ivory
Junior C E
Youth Fellowship
5,600
1,602
1,527
4,056
1,395
625
260
6,807
406
100
1,957
2,053
166
444
665
2,242
2,810
1,025
{96)
(160)
(128)
354
1,371
809
5,504
1,442
1,399
4,410
2,766
1,434
267
6,831
408
100
316
1,019
3,613
3,619
1,032
24
24
102,924
34,490
45,156
(10,666)
92,258
Endowment Funds
Progressive BS(exc. Manse)
**lnterest included above.
29,342
29,342
29,342
29,342
Total
182,006
111,485 119,059
17,574)
174,432
18

an
LOUGHAGHERY CONGREGATION OF THE PRESB￿ERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2023
* *lnterest of £147from Progressive Building Society Investments has been included in the relevantfunds
above rather than shown as transfers.
19