ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY {Re¢elpts and Payments Account for the year ended 31 December 2020 Note Unrestrlrted Fun(ts Restrlcted Endowment Funds Funds Total 2020 Total 2019 Recelpts Donations and legacles Charitable activities other trading activities Investment Income Loans Other 88.937 20 840 144.110 1,674 233,047 1,694 840 209,602 2,565 1,520 647 40,000 40.000 1,164 1,164 1.409 Total Recelpts 91,761 185,786 277,547 215,743 Payments Raising funds Charitable activities 682 83,301 682 252,014 871 129.812 168.713 Total Payments 83,983 17,382 252,696 130,683 Net receipts 1 Ipaymentsl Transfers between fund5 7,778 16651 17,073 665 24,851 85,060 Net movement in funds Funds brought forward 7,113 67,446 17,738 222.148 24,851 289,770 85,060 204.710 176 Funds carried forward 12 74,559 239,886 176 314.621 289.770 13
ST ANOREW'S BANGOR CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2020 Unrestricted Funds Restrlrted Endowment Funds Funds Totsl Funds 2020 Total Funds 2019 Funds Reconciliation Bank and Cash at start of year Net movement in funds 67,446 7,113 222.148 17,738 176 289.770 24,851 204.710 85,060 Bank and Cash at end of year 74,559 239,886 176 314,621 289,770 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash In Hand 313.307 1,314 289,040 730 314,621 289,770 Other Assets Fixed As5ets- Note 10 Church Premises Investments- Note 11 Gift Aid receivable on donation5 19.277 12,283 9,472 9,472 31,560 Liabllltles Creditors- Note 6 Interest free loans 40,000 Approved by the Kirk Sesslon at a meeting on )• and signed on its behalf by Rev Mark Johnstgn Mr Davld Hooks 14
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2020 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the totsl income of the congregation is less than £250,0 the congregation have elected In accordance with the provisions in The Charities (Accounts and Reports Regulations INorthern Ireland) 2015 to prepare it5 accounts on a receipts and payments basis. FUND ACCOUNTING Endowment funds are funds, the capitsl of whlch must be retained either permanently or at the congregation's discretion. the income derived from the endowment is to be used either as restrlcted or unrestrlcted income funds depending upon the purpose for which the endowment was estsblished in the first place. Restricted funds comprise lal income from endowments which is to be expended only on the restricted purposes intended by the donor and (bl revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, Interest on thelr pooled investment is apportioned to the individual funds on an average balance basis. UnTestricted funds are income funds which ère to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregatlon for use in the future. DONATIONS AND LEGACIES Vnrestflcted Funds Restrlrted Endowment Fund5 Funds Total 2020 Totsl 2019 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 1,228 72,998 14.711 1,228 197.497 34,322 5,612 182,285 21,705 124,449 19.611 88,937 144,110 233,047 209,602 li 15
ST ANDREWS BANGOR CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2020 CHARITABLE ACTIVITIES Unrestrirted Funds Restrirted Endowment Funds Funds Total 2020 Total 2019 Income from charltable activities Fees from weddings and funerals Fundraislng events Membership fees Grants 20 20 1,029 645 1.029 645 2,070 495 20 1,674 1,694 2,565 4. OTHER TRADING AcfiviTIES Unrestrirted Funds Restrlrted Endowment Funds Funds Totsl 2020 Total 2019 Lettlng of premises Trading income 840 1.520 840 840 1.520 INVESTMENT INCOME Unrestricted Funds Restrlrted Endowment Funds Funds Total 20ZO Total 2019 Deposit interest Other investment income 800 802 647 800. 802 647 Unrestricted Funds Restrirted Endowment Funds Funds Total 2020 Totsl 2019 Interest free loans 40,000 40,000 16
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2020 OTHER INCOME Unrestrlrted Funds Restrlrted Endowmeftt Funds Funds Total 2020 Total 2019 Insurance clalms Other income 1.164 1,164 1,409 1,164 1,164 1,409 RAISING FUNDS Unrestrlcted Funds Restrlrted Endowment Funds Funds Totsl 2020 Total 2019 FWO envelopes Fundraising events 682 682 871 682 871 CHARITABLE AcfiviTIES Unrestrkted Funds Restrlcted Endowment Funds Funds Total 2020 Total 2019 General Assembly Assessments Presbytery fees Ministry and support staff costs Congre8ational running expenses Donatlons to Mi551ons and charities Building costs 17,742 692 36,366 28,501 17,742 692 36,366 29.661 16,222 16,644 692 35,516 55,082 21,878 1,160 16.222 151,331 151.331 83.301 168,713 252,014 129.812 13 17
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVdl 31 December 2020 10. FIXED ASSETS The congregation owns the Church premises (including hallsl situated at 111 Clandeboye Road, Bangor and the assoclated fixtures, fittlng5, plant and machinery. These have an insurance value of £3,010,895. The con8regation also owns a manse at 27 Beechfield Avenue, Bangor valued at £360.961. 11. INVEsfMENTS The congregation has the following investments. Amounts are shown at market valuation. Unrestrkted Funds Restrlrted Endowment Funds Funds Total 2020 Total 2019 General Investment Fund Property Presbyterian Mutuèl Soclety 19,277 19 19.277 19 The amount due from the Presbyterian Mutual Society was written off following information recelved from the Administrators of the Society 18
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conYd) 31 December 2020 12. FUND BALANCES Fund Balance at start Recelpts Payment Surplu51 Transfer (Deficit) Balance at end Unrestvirted Funds General Fund 67.446 91,761 83,983 7,778 16651 74,559 67,446 91,761 83,983 7,778 16651 74.559 Restrlcted Funds Development Fund United Appeal Religious and Charitable Sundry Funds Boy's Brigade Mums and Tots Bowling Club Presbyterian Women Girl's Brigade Youth Fellowship Early Birds Sunshine Hour Knit"n" Natter 185,626 164.725 12,081 5,319 420 560 282 210 229 1,774 151,331 8,795 7,186 250 124 164 116 144 403 13,394 3,286 11.8671 170 436 118 94 85 1,371 1,480 13,2861 3,286 200,500 8,947 22,569 1,924 416 1,056 75 1,083 323 24 104 10,366 22.739 2,360 384 850 160 2,054 323 30 97 23 {Isoi {3001 1400} 54 60 86 154) 17) 47 60 53 133 1251 222,148 185,786 168,713 17,073 665 239,886 Endowment Funds Cooper Bequest 176 176 176 176 Total 289.770 277,547 2S2,696 24,851 314,621 19