Presbyter an TULLYALLEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS for the year ended 31 December 2023 Registered Charity In Northern Ireland (NIC 105149)
TLryLYALLEN CONGREGATION OF THE PRESBYTERIA.N4 CHITRCH IN IRELIND NOTES TO THE ACCOITNrs for the year ended 31 Dffember 2023 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS ILS the totsl income of the congregation is less than £250,000 the congregatiott have elected in accordance with the provisions in the Charities (Accounts and Rcports Rcgulations (Northcrn Ir¢knd) 2015 to prepare its accounts on a receipts and paymcnts b&sis. FUND AcCOuTIFG Endowment funds are funds, the capital of which must be retsined either pffmanently or at th¢ conggation'S dIset10n. the income derived from the ndowment is to be ed eithtt as restricted or unrestricted income fun& dq)¢nding upon the purpose for whi¢h th¢ endowm¢nt w&8 estsblishcd in the fst placK. Restrictd funds comprise (a) income from endowments wthich is to be expended only on the StriCted puwes intended by the donor and (b) rev¢nue donations or grants for a specific congrcgational activity intended by the donor. Whcre these fimds have unspcnt balanLKS, intctESt on their pooled investment As apportioned to the individual funds on average balance basis. Unrestricted funds arc income fun(Ls which arc to be spent on the congregation's general pwcs. Designated fimds arc gcncral funds set aside by the ongregation for us¢ in the futur 2. DONATIONS AND LEGACIES Unrestricted Funds Restrlrted Funds Endojwment Funds Total 2023 Total 2022 Freewill and loose offerings Donations and gifts Gift Aid 73,437.15 1,073.30 12,439.14 86 949.59 13,145.54 200.00 251.25 13 596.79 86,582.69 1.273.30 12,690.39 100 546.38 116.858.42 16,259.75 16.016.9) 149 135.10 3. CHARITABLE ACTIvfTIES Unnbstrlcted Funds Restrlcted Funds Endowment Funds Total 2023 Total 2022 Income from ¢h8ritsble adivities F¢¢s fnxn weddings and funernls 1,859.00 56,037.59 6,635.00 62.672.59 57,896.59 6,635.00 64.531.59 3,253.55 575.00 3.8?8.55 1.859.00 4. ISTMENT INCOME Lfnrestricted Funds Restrirted Funds EDdowment Funds Total 2023 Tot41 2022 Deposit interest OTHER INCOTrIE Unrestrlcted Fundg Restrlcted Funds Endowment Funds Total 2023 Total 2022 Other income 1745.69 16 974.44 19 720.13 4.279.28 6. CHARITABLE ACTIVTTIES linrestricted Funds Restiicted Funds Endowment Funds Total 21ll3 Total 2022 Gcncral Assembly Ass¢ssm¢nts Prcsbytery fS Ministy and support staff costs Pr¢mises casts Congregational running eXpseS Donations to Missions and Chariti¢s 6,182.50 815.00 35.517.02 15.784.92 19.559.48 54.00 77 912.92 6,182.50 815.00 35,517.02 29,456.36 29,981.16 9.886.42 111838.46 12,035.37 588.00 30.927.25 60,354.52 16,141.11 12,092.25 132.138.50 13,671.44 10,421.68 9,832.42 33 925.54
TULLyALlN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IREIAND NOTES TO THE ACCOUNTS (cont'd) for the year eDded 31 December 2023 7. FUND BAIANCES Surplus (Defictt) Balance at end Receapts Payments Transfer Unrestrirted Funds Gfflcral 27,336.47 91,554.28 77,912.92 13,641.36 (5.000.00) 35,977.83 ?7 336.47 91,554.28 77.912.92 13,641.36 5 000.00 35,977.83 Restyacted Funds GeTaI Sunday Sthool Propcrty maintenance Church new build (Ulster Bank) Church new build (Daftske Bank) 1,474.22 1,636.82 361.72 108.23 87,304.82 8,358.?0 1,306.79 500.00 9,832.42 671.91 (1,474.22) 634.88 500.00 0.00 2,271.70 861.72 108.23 151,962.44 83,078.83 23,421.21 59,657.62 5,000.00 gX),885.81 93,243.82 33.925.54 59,318.98 5,000.00 155,204.09 Total 118 222.98 184 798.10 111878.46 72 959.64 191.181.92
TULLYALLEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND srATEIKENf OF FINANCIAL ACTivrrY (Recelpt3 and Payments Account) for the year ended 31 De¢ember2023 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Receipts Donations and legaci Charitable activities Investment Income Other 86,949.59 1,859.00 13,596.79 61672.59 l(K),546.38 64,531.59 149,135.10 3.828.55 1745.69 16,974.44 19,720.13 4,279.28 Total Receiiks 91554.28 93 243.82 184.798.10 157.242.93 Payments Charitable activities Loan repayments 77,912.92 33,925.54 111.878.46 131138.50 Total Payments 7791? 92 33 925.54 111838.46 13 138.50 Nct rcceipts / (payments) TransfeE3 betw¢¢n funds Nd movcm¢nt in funds 13,641.36 5 000.00 8,641.36 59,318.28 5 000.00 64J18.28 71959.64 25,104.43 72.959.64 25,104.43 Funds brought forward 27,336.47 90,885.81 118,222.28 93,117.85 Funds catried forward 35 977.83 155 204.09 191181.92 118 222.28
TULLYALLEN CONGREGATION OF THE PRESBYTERIAN CHURCH IIY IREIAND STATEMEwf OF A&SETS AND IIABIIITIES for the year ended 31 December 2023 Note Unrestricted Funds Restricted FuThl8 Endowment Funds Total 2023 Total 2022 Funds Reconciliatlon Bank and Cash at start of ycar N¢t movement in funds 27,336.47 8,641.36 ),885.81 64.318.28 118,222.28 72,959.64 93,117.85 25,104.43 Bank and Cash at d of year 35 Y77.83 155 204.09 191181.Y2 118 2?2.28 Bank & Cash Balances Bank Cuffent AGcounts 191.181.92 118.222.28 Other Assets Pr¢mis¢s at insuranc¢ valu¢; Manse Sexton's house Church prcmis¢s and cont¢nts 474.4.00 146,962.00 2 401984.00 736.00 474,490.00 146,962.00 2 401284.00 3 022 776.00 InVtrnent An Presbytian Mutual Socidy (bal8nc¢ has been Tittsn down to nil) 9.247.20 Approved by thc Kirk Session on 20 F¢brnary 20?4 and signed on their behalf by: Rcv. N R¢id G Hamilton