ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYTERIAN 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 Receipts Donations and legacies Charitable activitie5 Oth er tradi ng activities Investment Income Loans Other 121,275 86,359 1,489 207,634 1,489 4,607 20 240,286 300 3,265 4,607 20 2,248 Total Receipts 125,882 87,868 213,750 246,099 Payments Raising funds Charitable activities Other Expenditure 570 111,397 570 159,263 21,778 660 243,682 3,637 47,866 21,778 10 Total Payments 111,967 69,644 181,611 247,979 Net receipts / (payments) Transfers between funds 13,915 14,437} 18,224 4,437 32,139 11,8801 Net movement in funds Funds brought forward 9,478 80,299 22,661 139,996) 32,139 40,479 11,8801 42,359 176 Funds carried forward 12 89,777 (17,335) 176 72,618 40,479 17
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Unrestricted Fund5 Restricted Funds Endowment Funds Total Funds 2023 Total Funds 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 80,299 9,478 (39,9961 22,661 176 40,479 32,139 42,359 11,880} Bank and Cash at end of year 89,777 117335) 176 72,618 40,479 Bank & Cash Balances Ban1( Deposit Accounts Bank Current Accounts Cash in Hand 71,327 1,291 38,914 1,565 72,618 40,479 Other Assets Fixed Assets- Note 11 Church Premises Gift Aid receivable on donations 7,733 12,548 7,733 12,548 Liabilities Creditor5 Loans 202,000 219,156 Approved by the Kirk Session at a meeting on 8 May 2024 and signed on its behalf by _j ) &kJ- Rev Mark Johnston Mr David Hooks 18
ST ANDREW'S BANGOR 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 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 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 lal income from endowmonts which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donations or Erants 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 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 Fund5 Restricted Funds Endowment Funds Tota 2023 Total 2022 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 4,238 99,644 17,393 4,238 173,251 30,145 4,262 209,041 26,983 73,607 12,752 121,275 86,359 207,634 240,286 19
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Income from charitable activities Fundraising events Membership fees Grant5 1,489 1,489 300 1,489 1,489 300 OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Letting of premises Trading income 4,607 4,607 3,265 4,607 4,607 3,265 INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Deposit interest Other investment income 20 20 20 20 LOANS RECEIVED Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 I nterest free loans Bank Loans 20
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Insurance claims Other income 2,248 2,248 RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 FWO envelopes Fundraising events 570 570 660 570 570 660 CHARITABLE A1VITIEs Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Loans repaid 15,938 775 40,707 53,977 15,938 775 40,707 61,846 22,841 16,076 692 38,207 49,398 26,064 7,869 22,841 17,156 17,156 113,245 111,397 47,866 159,263 243,682 21
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 10. OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Building costs 21,778 21,778 3,637 21,778 21,778 3,637 11 FIXED ASSETS The congregation owns the Church premises (including halls) situated at 111 Clandeboye Road, Bangor and the associated fixtures, fittings, plant and machinery. These have an insurance value of £3,942,546 The congregation also owns a Manse at 27 Beechfield Avenue, Bangor valued at £439,915. 22
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2023 11. FUND BALANCES Fund Balance at Start Receipts Payment Surplus / Transfer { Deficit} Balance at end Unrestricted Funds General Fund 80,299 125,882 111,967 13,915 14,4371 89,777 80,299 125,882 111,967 13,915 {4,4371 89,777 Restricted Funds Development Fund United Appeal Religious and Charitable Sundry Funds Boy's Brigade Tots & Co Bowling Club Presbyterian Women Youth Fellowship Early Birds Sunshine Hour Knit 'n" Natter Loans Spark Ignite Furniture Account 1277,7761 54,628 11,461 11,088 4,665 21,778 8,392 13,753 2,623 32,850 3,069 12,665) 2,042 4,907 (240,0191 13,0691 3,069 11,267 9,002 1,880 814 437 259 107 34 269 153 219,156 854 99 {6,551) 11,671 11,044 1,887 796 602 167 78 50 156 290 202,000 554 11 (6,662) 1,408 846 589 1,126 381 631 129 264 1,058 573 17,156 521 188 {1,071) 282 465 (421 11291 11641 1113} 1,237 117,1561 (200) {1881 (1,0711 13001 13001 {50) 100 180 100 945 1,810 (I,100} 321 1100} 100 1,000 {39,9961 87,868 69,644 18,224 4,437 117,3351 Endowment Funds Cooper Bequest 176 176 176 176 Total 40,479 213,750 181,611 32,139 72,618 23