an REDROCK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) For the year ended 31 December 2022 Unrestricted Funds Restricted Funds Total 2022 Total 2021 Note Receipts Donations and legacies Charitable activities Other income 58,012 2,581 130 54,682 13,502 42 112,694 16,083 172 122,455 11,507 156 60,723 68,226 128,949 134,118 100,000 Loan Received Total Receipts 60,723 68,226 128,949 234,118 Payments Charitable activities Purchase of fixed assets Loan repayments Loan interest and charges 57,301 36,461 10,000 31,132 344 93,762 10,000 31,132 344 74,840 135,101 20,372 594 Total Payments 57,301 77,937 135,238 230,907 Net receipts/(payments) 3,422 (9,711) {6,289) 3,211 Transfers between funds 3,661 13,661) Net movement in funds 7,083 {13,372) {6,289) 3,211 Funds brought forward 13,107 63,709 76,816 73,605 Funds carried forward 20,190 50,337 70,527 76,816
an REDROCK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Note Unrestricted Funds Restricted Funds Total Funds 2022 Total Funds 2021 Funds Reconclllation Bank and Cash at start of year Net movement in funds 13,107 7,083 63,709 (13,372) 76,816 {6,289) 73,605 3,211 Bank and Cash at end of year 20,190 50,337 70,527 76,816 Bank and Cash Balances Bank Current Accounts 70,527 76,816 Fixed Assets Fixed Assets 3,208,228 2,482,284 Other Assets Gift Aid receivable on donations 13,341 16,470 Liabilitles PCI Loan CFI Loan 16,666 88,505 33,333 98,183 105,171 131,516 Approved by the Kirk Session at a meeting on 26th October 2023 and signed on its behalf by fs Sam Finlay Arnold 81ack 26th October 2023 26th October 2023
an REDROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 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 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 Unrestrlcted Funds Restrlcted Funds Total 2022 Total 2021 Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequests 49,438 164 1,245 7,165 33,334 3,141 3,902 9,305 5,000 82,772 3,305 5,147 16,470 5,000 98,840 3,533 8,062 12,020 58,012 54,682 112,694 122,455
an REDROCK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2022 Total 2021 Income from charitable activities Grants 2,581 8,303 5,199 10,884 5,199 8, 104 3,403 2,581 13,502 16,083 11,507 OTHER INCOME Unrestricted Funds Restricted Funds Total 2022 Total 2021 Deposit interest 130 42 172 156 CHARITABLE ACTIVITIES Unrestricted Funds Restrlcted Fund5 Total 2022 Total 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities 12,368 360 28,936 15,637 12,368 360 28,936 41,784 10,314 12,905 360 28,021 25,449 8,105 26,147 10,314 57,301 36,461 93,762 74,840
an REDROCK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 FIXED ASSETS The congregation owns the Church premises situated at Redrock Road, Collone and the associated fixtures and fittings. The Manse at Newry Road, Armagh is also owned by the congregation. These have a total insurance value of £3,208,228 at last renewal date, 31 October 2022. LOANS PCI Loan CFI Loan Total 2022 Total 2021 Opening balance Loan received Loan repayments Loan interest 33,333 98,183 131,516 50,000 100,000 (20,372) 1,888 (16,6671 {14,465} 4,787 (31,1321 4,787 Closing balance 16,666 88,505 105,171 131,516 Loan interest on PCI Loan is recorded in the Statement of Financial Activity (Receipts and Payments Account). Loan interest on CFI Loan is charged and recorded on the CFI loan account.
an REDROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 8. FUND BALANCES Fund Balance at start Receipts Payment5 Surplus / Transfer (Deficit) Balance at end Unrestricted Funds No l General Account 13,107 60,723 57,301 3,422 3,661 20,190 13,107 60,723 57,301 3,422 3,661 20,190 Restricted Funds No l General Account No 2 Property Account No 3 Sunday School Account General Investment Account 'The Rock, PW Account Boys, Brigade Girls, Brigade Saturday Night Extra Youth Club Bowling Club 12,599 39,839 180 9,738 2,861 51,339 {11,500) 1,482 (1,302) {2,861) 45,804 1,769 7,683 164 1,389 2,040 81 4,268 511 34,304 467 7,683 257 1,291 2,920 81 2,650 684 570 10,167 5,660 477 9,865 4,680 93 302 980 (400) {100) (1,280) 491 188 168 (1,468) 323 {1501 (150) 63,709 68,226 77,937 19,711) 13,661) 50,337 Total 76,816 128,949 135,238 (6,2891 70,527