FIRST PRESBYTERIAN CHURCH, NEWTOWNARDS CONGREGATION OF THE pREsB￿ERlAN CHURCH IN IRELAND RECEIPTS AND PAYMENTS ACCOUNT Year Ended 3111212023 Note Unrestricted Restricted Endowment Total 2023 Total 2022 Funds Funds Funds RECEIPTS Donations and Legacies Charitable Activities Investment Income Other Income Total 91266 15774 19081 8000 115040 19081 1197 13234 148552 535758 23188 367 8841 568154 1197 13234 48089 92463 8000 FAYMENTS Cost of Charitable Activities other Costs I nvestment Costs Total 108114 22933 20170 131047 20170 120042 396985 108114 43103 151217 517027 NET RECEIPTS -15651 4986 8000 -2665 51127 Transfers Betmeen Funds NET MOVEMENT IN FUNDS -15651 4986 8000 -2665 51127 CASH AT BANK AND IN HAND 3111212022 36681 $5452 58941 151074 99947 CASH AT BANK AND IN HAND 3111212023 10 21030 60438 66941 148409 151074 FIRST PRESBYTERIAN CHURCH, NEWTOWNARDS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES Year Ended 3111212023 Unrestricted Restricted Endowment Total 2023 Total 2022 Funds Funds Funds FUNDS RECONCILIATION Cash at Bank and In Hand 3111212022 Surplus This Year Cash at Bank and In Hand 3111212023 36681 -15651 21030 55452 4986 60438 58941 8000 66941 151074 -2665 148409 99947 51127 151074 BANK AND CASH BALANCES Bank Deposit Accounts Bank Current Accounts Total 50000 98409 148409 151074 151074 OTHER ASSETS Investments Note 8 Fixed Assets - Note 9 Church Buildings The Manse Fixtures and Fittings Total Total 148409 151074 Approved by the Trustees and signed on their behalf: FIRST PRESBYTERIAN CHURCH, NEWTOWNARDS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Year Ended 3111212023 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 Receipts and Payments basis. FUND ACCOUNTING Endowment Funds are funds, the capital of which must be retained either permanenlly or at the congregation's discretion,. the inGome 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 (a) income from endowment 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. 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 Ihe future. Unrestricted Restricted Endowment Total 2023 Total 2022 Funds Funds Funds 2. DONATIONS AND LEGACIES Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequests Total 71737 2304 5342 11883 7763 79500 2304 8495 16741 8000 115040 85727 1021 11487 17560 3153 4858 8000 8000 91266 15774 115795 3. CHARITABLE ACTIVITIES Income from charitable activilies Total 19081 19081 19081 19081 20188 20188 4. INVESTMENT INCOME Deposit Interest Total 1197 1197 1197 1197 5. OTHER INCOME Organisalion income Other income Total 13234 13234 6348 13234 13234 6348 6. CHARITABLE ACTIVITIES General Assembly Assessmenls Presbytery Fees Ministry and support staff costs Congregational running expenses Donations to Missions and Charities Total 8487 993 72239 26395 8487 993 72239 26395 22933 131047 19088 910 46396 21513 24766 112673 22933 22933 108114 FIRST PRESBYTERIAN CHURCH, NEWTOWNARDS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) Year Ended 3q11212023 Unrestricted Restricted Endowment Total 2023 Total 2022 Funds Funds Funds 7. OTHER EXPENDITURE Property maintenance Organisation expenses Total 7575 12595 20170 7575 12595 20170 9657 7695 17352 8. INVESTMENTS Total 9. FIXED ASSETS The Congregation owns the Church premises (including Halls) situated at Frances Street, Newlownards, County Down and the Manse situated in Newtownards. These have an insurance value of £6,539.352.68 for ChurchlHalls Buildings and Contents as at la5l renewal date 3111012023 Also Manse of £430,000.00 at same date. FIRST PRESBYTERIAN CHURCH, NEWTOWNARDS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) Year Ended 3111212023 10. FUND BALANCES Fund Opening Receipts Balance Payments Surplus l Transfer {Deficlt) Closing Balance Unrestricted Funds General Fund 36681 92463 108114 -15651 21030 Total 36681 92463 108114 -15651 21030 Restricted Funds PropertylBuilding Fund Missions Fund Special Collections Dalzell Fund Finlay Fund Total Organisations 39908 4237 12714 18496 3645 7575 19288 3645 5139 -792 45047 3445 427 119 10761 427 119 11400 13234 12595 639 Total 55452 48089 43103 4986 60438 Endowment Funds Investment Anderson and Others Sundry Bequests 50000 8000 50000 42000 50000 14023 2918 56023 2918 50000 Total 58941 58000 50000 8000 66941 TOTAL FUNDS 151074 198552 201217 -2665 148409