an KNAPPAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Recelpts Donations and legacies Charitable activities Other trading activities Investment Income Other 45580 45094 1552 90674 1552 103619 2050 115 2811 115 2811 453 116 Sale of Investments Sale of fixed assets Loans Received Total Receipts 48506 46646 95152 106238 Payments Raising funds Charitable activities Investment costs Other 47089 16321 63410 56463 13106 13106 15000 Purchase of Investments Purchase of fixed assets Loan Repayments 52191 52191 22191 Total Payments 47089 81618 128707 93654 Net receipts / {payments) Transfers between funds 1417 -4000 -34972 4000 -33555 12584 Net movement in funds Funds brought forwaid -2583 36281 -30972 53455 -33555 89736 12584 77152 Funds carried forward 12 33698 22483 56181 89736
an KNAPPAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF Assrfs AND LIABIUTIES As at 31 December 2023 Unrestrlcted Funds Restrlrted Endowment Funds Fund5 Total Funds 2023 Total Fund5 2022 Funds Reconclllatlon Bank and Cash at Start of year Net movement in funds 36281 -2583 53454 -30971 89735 -335S4 77152 12584 Bank and Cash at end of year 33698 22483 56181 89736 Bank & Cash Balances Bank Deposlt Accounts Bank Current Accounts Cash In Hand 33698 22018 465 55716 465 88376 1360 56181 89736 Other Asset$ Flxed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehi¢les Investments- Note 11 Gift Aid receivable on donations 1239 1137 1239 1137 Uabllltles Loans Other 152000 204000 152txJo 204rMJo Approved by the Kirk Sesslon at a meeting on 2nd March 2024 and signed on its behalf by Ivan Thompson Joh Rolls 2ftd March 2024 2 March 2024 10
an KNAPPAGH CONGREGATION OF THE PRESBYTERIAN 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 Report5 Regulations {Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Endowment fund5 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 la) 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 36661 1410 175 33913 1250 500 9431 70574 2660 675 16765 76355 8621 4856 13787 7334 45580 45094 90674 103619 11
an KNAPPAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restrlcted Endowment Funds Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 1552 1552 1850 200 1552 1552 2050 4. OTHER TRADING ACTIVITIES Unrestrlcted Funds Restrlcted Endowment Funds Funds Total 2023 Total 2022 Letting of premlses Trading income INVESTMENT INCOME Unrestrlcted Funds Restricted Endowment Fund5 Fund5 Total 2023 Total 2022 Deposit interest General Investment Fund Rents investment properties Other investment Income 91 91 90 25 24 24 338 115 115 453 12
an KNAPPAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Lislooney shared expenses Un-cashed cheque Power Nl Other income 1183 iooo 600 28 1183 iooo 600 28 116 2811 2811 116 RAISING FUNDS Unrestrlcted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Fundraising events CHARITABLE ACTIVITIES Unrestrlcted Funds Restrlcted Endowment Funds Fund5 Total 2023 Total 2022 General Assembly Assessments Ministry and support staff costs Congregational running expenses Donations to Missions & charities 7470 23444 16175 7470 23444 19796 12700 7090 21996 18678 3621 12700 8699 47089 16321 63410 56463 13
an KNAPPAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER EXPENDITURE Unrestrlcted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Building expenses 13106 13106 15000 13106 13106 15000 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, fittingsfy plant and machinery. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 General Investment Fund 1239 1137 1239 1137 14
an KNAPPAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 12. FUND BALANCES Fund Balance at Start Receipts Payment Surplus / Transfer (Deflclt) Balance at end Unrestricted Funds General 36281 48506 47089 -2583 -4000 33698 36281 48506 47089 -2583 -4000 33698 Restricted Funds Building/Repairs pw Connect/Gateway Bowling Club United Appeal General Missions Fund 52211 157 753 334 35394 500 1552 66220 535 2663 -30826 -35 21385 122 642 334 1000 3464 5736 3464 8736 3000 53455 46646 81618 -30861 4000 22483 Endowment Funds General Investment 1137 102 102 1239 Total 90873 95254 128707 -33342 4000 57420 15