KNAPPAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payment5 Account) for the year ended 31 December 2022 Note Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Receipts Donations and legacies Charitable attivities Other tradi ng activities Investment Income Other 44139 59480 103619 88699 200 1850 2050 453 116 453 116 168 1862 Sale of Investment5 Sale of fixed assets Loans Received 250000 Total Receipts 44908 61330 106238 90729 Payments Raising funds Charitable activities Investment costs Other 400 49053 42532 13931 56463 15000 Isooo 53954 Purchase of Investments Purchase of fixed assets Loan Repayrnents 22191 22191 47191 Total Payments 42532 51122 93654 156961 Net receipts / (payments) Transfers between funds 2376 -1338 10208 1338 12584 -59469 Net movement in funds Funds brought forward 1038 35243 11546 41909 12584 77152 -59469 136621 Funds carried forward 12 36281 53455 89736 77152
KNAPPAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestricted Funds Restricted Endowment Funds Funds Total Fund5 2022 Total Funds 2021 Funds Reconclllation Bank and Cash at start of year Net movement in funds 35243 1038 41909 11546 77152 12584 136621 -59469 Bank and Cash at end of year 36281 53455 89736 77152 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 36281 52095 1360 88376 1360 76734 418 89736 77152 Other Assets Fixed Assets- Note 10 Church Premlses Fixtures, Fittings & Equipment Vehicles Investments - Note 11 Gift Aid receivable on donations 1137 1283 1137 1283 Liabllltles Loans Other 166000 213388 166000 213388 Approved by the Kirk Session at a meeting on 16th February 2023 and signed on its behalf by Ivan Thompson John Rollston 16th February 2023 16th February 2023 10
res KNAPPAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIE5 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 15 to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the f irst 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 2022 Total 2021 Recorded giving: Loose collection5 Donations and gifts Gift Aid Legacies and bequest 35392 1169 1250 6328 40963 7452 3606 7459 76355 8621 4856 13787 68686 1193 3100 13720 2000 44139 59480 103619 88699 11
KNAPPAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 1850 1850 200 200 200 1850 2050 4. OTHER TRADING ACTIVITIES Unrestricted Fund5 Restricted Endowment Fund5 Funds Total 2022 Total 2021 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Deposit interest General Investment Fund Rents investment properties Other investment income 90 25 90 25 144 24 338 338 453 453 168 12
Pres KNAPPAGH CONGREGATION OF THE PRES8YfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 310ecember 2022 OTHER INCOME Unrestricted Funds Restrlcted Funds Endowment Funds Total 2022 Total 2021 Lislooney shared expenses Harvest service Carol service Middletown PC Other income 1575 170 65 30 86 30 86 52 116 116 1862 RAISING FUNDS Unrestricted Funds Restrlcted Endowment Funds Funds Total 2022 Total 2021 Fundralslng events CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 General Assembly Assessments Ministry and support staff costs Congregational running expenses Donations to Missions & charities 7090 21996 13446 7090 21996 7380 20563 13371 7739 5232 18678 8699 8699 42532 13931 56463 49053 13
Pres KNAPPAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 31 December 2022 OTHER EXPENDITURE Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Building expenses 15000 15000 53954 15000 15000 53954 10. FIXED ASSETS The congregation owns the Church premises situated at 11 Cavanbellaghy Road and a manse situated at 9 Elm Park Road for the minister and the associated fixtures, fittings, plant and machinery. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2022 2021 General Investment Fund 1137 1238 1137 1238 14
KNAPPAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 12. FUND BALANCES Fund Balance at start Recelpts Payment Surplus / Transfer (Deficit) Balance at end Unrestricted Funds General 35243 44908 42532 1038 -1338 36281 35243 44908 42532 1038 -1338 36281 Restricted Funds 8uilding/Repairs pw SNYF 8owling Club United Appeal General Mlssions Fund 41316 202 57 334 51681 270 950 40786 315 1592 10895 45 696 52211 157 753 334 1338 3220 5209 3320 5209 41909 61330 51122 11546 1338 53455 Endowment Funds General Investment 1238 -101 -101 1137 Total 78390 106137 93654 12483 78390 15