FIRST PRESBYTERIAN CHURCH, NEWTOWNARDS CONGREGATION OF TFIE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Year Ended 3111212022 1. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the Congregation is less than £250,000 the congregation has elected in accordance with the provisions in The Charities Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a Receipls 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. Restrlcted funds comprise (a) income from endowment which is to be expended only on the restricted purposes intended by the donor and (b) revenue donalions or grants for a specific congregational activity intended by the donor. 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. Unrestrict•d Restricted Endowment Total 2022 Total 2021 Funds Funds Funds 2. DONATIONS AND LEGACIES Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequests Total 77135 1021 1781 12812 8592 85727 1021 11487 17560 77715 415 2790 17531 9706 4748 92749 23046 115795 98451 3. CHARITABLE ACTIVITIES Income from charitable activities Total 20188 20188 20188 20188 14869 14869 4, INVESTMENT INCOME Deposit I nterest Total 5. OTHER INCOME Organisation income Other income Total 6348 6348 6581 6348 6348 6581 6. CHARITABLE ACTIVITIES General Assembly Assessments Presbytery Fees Ministry and support staff cosls Congregational running expenses Donations to Missions and Charities Total 19088 910 46396 21513 19088 910 46396 21513 24766 112673 9990 910 18174 19764 18728 67566 24766 24766 87907 FIRST PRESBYTERIAN CHURCH, NEWTOWNARDS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) Year Ended 3111212022 Unrestricted Restricted Endowment Total 2022 Total 2021 Funds Funds Funds 7. OTHER EXPENDITURE Property maintenance Organisation expenses Total 9657 7695 17352 9657 7695 17352 55657 4706 60363 8. INVESTMENTS Total 9. FIXED ASSETS The Congregation owns the Church premises (including Halls) situated at Fran￿S Street, Newtownards, County Down and the Manse situated at Tullynagardy. Newtownards, County Down, BT23 4UQ, These have an insurance value of £6,539.352.88 for ChurchlHalls Buildings and Contents as at last renewal date 3111012022 Also Building of Manse at £430,000 at same date. FIRST PRESBYTERIAN CHURCH, NEwfowNARDS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND RECEIPTS AND PAYMENTS ACCOUNT Year Ended 3111212022 Note Unrestricted Restricted Endowmont Total 2022 Total 2021 Funds Funds Funds RECEIPTS Donations and Legacies Charitable Activities Investment Income other Income Total 87495 448263 23188 535758 23188 367 8841 568154 98451 14868 367 8841 480292 6581 119900 87862 PAYMENTS Cost of Charitable Activities Other Costs Investment Costs Total 97966 22076 396985 120042 396985 67567 60886 97966 419061 517027 128453 NET RECEIPTS -10104 61231 51127 -8553 Transfers Be￿een Funds NET MOVEMENT IN FUNDS -10104 61231 51127 -8553 CASH AT BANK AND IN HAND 3111212021 46785 -5779 58941 99947 108500 CASH AT BANK AND IN HAND 3111212022 10 36681 55452 58941 151074 99947 FIRST PRESBYTERIAN CHURCH, NEWTOWNARDS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) Year Ended 3111212022 10. FUND BALANCES Fund Opening Receipts Balance Payments Surplus l Transfer (Deficit) Closing Balance Unrestricted Funds General Fund 46785 87863 97967 -10104 36681 Total 46785 87863 97967 -10104 36681 Restricted Funds PropeitylBuilding Fund Missions Fund Special Collections Organist Fund Dalzell Fund Finlay Fund Total Organisations -20452 535 445672 20021 5756 385312 16319 5756 60360 3702 39908 4237 427 119 13592 427 119 10761 8841 11672 -2831 Total -5779 480290 419059 61231 55452 Endowment Funds Anderson and Others Sundry Bequests 56023 2918 56023 2918 Total 58941 58941 TOTAL FUNDS 99947 568153 517026 51127 151074 FIP.ST PRESBYTERIAN CHURCH, NEWTOWNARDS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES Year Ended 3111212022 Unrestricted Restricted Endowment Total 2022 Total 2021 Funds Funds Funds FUNDS RECONCILIATION Cash at Bank and In Hand 3111212021 Surplus This Year Cash at Bank and In Hand 311fj212022 46785 -10104 36681 -5779 61231 55452 58941 99947 51127 151074 108500 -8553 99947 58941 BANK AND CASH BALANCES Bank Deposit Accounts 8ank Current Accounts Total 151074 151074 99947 99947 OTHER ASSETS Investments - Note 8 Fixed Assets - Note 9 Church 8uildings The Manse Fixtures and Fittings Total Total 151074 99947 Approved by the Trustees and signed on their behalf: Signed Name David Cargo Russ911 Armour Posltlon Clerk of Sesslon Treasurer Date