an REDROCK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL Acrivrry (Receipts and Payments Account) For the year ended 31 December 2023 Unrestricted Funds Restricted Funds Total 2023 Total 2022 Note Receipts Donations and legacies Charitable activities Other income 58,735 4,391 141 39.465 12.095 273 98,2(Kl 16,486 414 112,694 16.083 172 Total Receipts 63.267 51.833 Iis,IcK) 128,949 Payments Charitable activities Purchase of fixed assets Loan repayments Loan interest and charges 61.664 35.613 97.277 93.762 10,000 31,132 31.132 344 31,132 Total Payments 61,664 67.089 128,753 135,238 Net receiptsllpaymentsl 1,603 115,256) 113.6531 16,289) Transfers between funds (3.3551 3,355 Net movement in funds 11,752) (11,9011 113.653) {6,289) Funds brought forward 20,190 50,337 70,527 76.816 Funds carried forward 18.438 38.436 56.874 70,527
an REDROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND UABIUTIES As at 31 December 2023 Note Unrestrirted Funds Restrirted Funds Total Funds 2023 Total Funds 2022 Fund5 Reconciliation Bank and Cash at start of year Net movement in funds 20.190 11,7521 50,337 111,901) 70,527 113.6531 76,816 16,2891 Bank and Cash at end ofyear 18,438 38,436 56,874 70,527 Bank and Cash Balances Bank Current Accounts 56,874 70,527 Fixed Assets Fixed Assets 3.448.845 3.208,228 Other Assets Gift Aid receivable on donations .011 13,341 Liabilities PCI Loan CFI Loan 16,666 88.505 79.303 79,303 105,171 Approved by the Kirk Session at a meeting on 271b Ottober 2024 and signed on its behalf by Sam Finlay Arnold Black
an REDROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POUCIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250.0 the con8regation 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 Restritted funds comprise (a) income from endowments which is to be expended only on the restricted purpose5 intended by the donor and Ibl 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 avera8e balance basi5. 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 Funds Total 2023 Total 2022 Recorded giving Loose collettions Donations and gifts Gift Aid Legacies and bequests 48.464 275 2,560 7,436 28.756 1,121 3.683 5.905 77,220 1,396 6.243 13.341 82.772 3.305 5,147 16.470 5.000 58.735 39,465 98.2CKi 112,694
an REDROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Unre5trirted Funds Restricted Fund5 Total 2023 Total 2022 Income from charitable activities Grants 4,391 8.699 3,396 13.090 3,396 10,884 5,199 4,391 12,095 16.486 16.083 OTHER INCOME Unrestrirted Funds Restrirted Funds Total 2023 Total 2022 Deposit interest 141 273 414 172 CHARITABLE ACTIVITIES Unstrirted Funds Restricted Funds Total 2023 Total 2022 General AssemblyAsse55ments Pfesbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities 13,587 395 30,555 17.127 13,587 395 30,555 43.676 9,064 12,368 360 28,936 41,784 10,314 26.549 9.064 61,664 35,613 97,277 93.762
an REDROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 310ecember 2023 FIXED ASSET5 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 £3.448,845 at last renewal date, 31 Ortober 2023. LOANS PCI Loan CFI Loan Total 2023 Total 2022 Opening balance Loan received Loan repayments Loan interest 16.666 88.505 105,171 131.516 116,6661 {14,4661 5.264 (31.1321 5,264 {31,1321 4,787 Closing balance 79,303 79.303 105.171 Loan interest on PCI Loan is recorded in the Statement of Financial Activity (ReIptS and Payments Account). Loan interest on CFI Loan is charged and recorded on the CFI loan account.
an REDROCK CONGREGATION OF THE PRES8YfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 310ecember 2023 8. FUND BALANCES Fund Balance at start Receipts Payments Surplus / Transfer IDefl¢lt) Balance at end Unrestricted Funds No l General Account 20,1 63.267 61,664 1,603 13,3551 18,438 20,190 63.267 61,664 1,603 13,3551 18,438 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 5.C(J4 31,906 542 7,859 {2,8551 43,112 (11.2061 I,S19 19771 2,855 34,304 467 7.683 257 1,291 2.920 81 2.650 23,098 490 7.683 274 1,490 2,939 81 2,165 216 1,000 577 9,072 4.078 560 8,773 3,959 17 299 119 IiTr)) 454 21]) 789 518 13351 1318} 1150) (iso} 50.337 51,833 67.089 {15.2561 3.355 38.436 Total 70,527 115,100 128,753 113.6531 56,874