LISNABREEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) forthe year ended 31 December 2020 Note Unrestricted Funds Restritted Endowment Funds Funds Total 2020 Total 2019 Receipts Donations and legacies Charitable activities other tradinB activities Investment Income Other 51,311 9,449 18,934 60,760 18,934 615 43 14 76,787 2,987 610 49 615 29 14 Total Receipts 51,947 28,390 29 80,366 81,253 Payments Raising funds Charitable activities Other 258 78,397 46,832 29,809 76,641 Total Payments 46,832 29,809 76,641 78,655 Net receipts I Ipaymentsl Transfers between funds 5,115 458 11,4191 14581 29 3,725 2,598 Net movement in funds Funds brought forward 5,573 5,209 {1,8771 16,688 29 3,967 3,725 25,864 2,598 23,266 Funds carried forward 10,782 14,811 3,996 29,589 25,864 io
LISNABREEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2020 Unrestrlcted Funds Restricted Endowment Funds Funds Total Funds 2020 Total Funds 2019 Funds Reconciliation Bank and Cash at start of year Net movement in funds 5,209 5,573 16,688 11,8771 3,967 29 25,864 3.725 23,266 2,598 Bank and Cash atend of year 10,782 14,811 3,996 29,589 25,864 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 29524 65 25,814 50 29,589 25,864 Other Assets Fixed A55ets- Note 8 Gift Aid receivable on donations 5,415 5,585 5,415 5,585 Approved by the Kirk Session at a meeting on 25 October 2021 and signed on its behalf bv Rev Sam Castles David Corbett li
LISNABREEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2020 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 IAccount5 and Reports Regulations INorthern 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 endowments which is to be expended only on the restricted purpose5 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 their pooled investment is apportioned to the individual funds on an average balance basis. 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 LEGACIE5 Unrestrlcted Funds Restricted Funds Endowment Funds Total 2020 Total 2019 Recorded giving.. L005e collections Donations and gifts Gift Aid Legacie5 and bequest 951 45,165 5,195 951 54,224 5,585 1,971 69,652 5,164 9,059 390 51,311 9,449 60,760 76,787 12
LISNABREEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2020 CHARITABLE A1VITIEs Unrestricted Funds Restricted Funds Endowment Funds Total 2020 Total 2019 Income from charitable activities Fee5 from weddings and funerals Fundraising events Membership fees Grant5 463 18,471 463 18,471 1,387 1,600 18,934 18,934 2,987 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restrlcted Funds Endowment Funds Total 2020 Total 2019 Letting of premises Trading income 615 615 610 615 615 610 INVESTMENT INCOME Unrestrlcted Funds Restricted Endowment Funds Funds Total 2020 Total 2019 Dep051t interest 29 43 49 29 43 49 13
LISNABREEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2020 RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2020 Total 2019 FWO envelopos Fundraising events 258 258 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Fund5 Total 2020 Total 2019 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 9,654 9,654 9,400 30,299 4,883 1,996 30,299 30,823 5,865 29,888 32,607 6,502 25,940 3,869 46,832 29,809 76,641 78,397 FIXED ASSETS The congregation owns the Church premises situated at l Lisnabreen Walk, Bangor BT19 4XJ and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,393,638. The congregation also owns its manse at 4 Ardvanagh Avenue, Conlig which has an insurance value of £347,483. 14
LISNABREEN CONGREGATION OF THE PREsBERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 31 December 2020 FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Deficit) Balance at end Unrestricted Funds General Fund 5,209 51,947 46,832 5,115 458 10,782 5,209 51,947 46,832 5,115 458 10,782 Restrirted Funds Building Account Sunday School Highway Club Community DIY Youth Council Business Reserve Presbyterian Women Community Worker Breenie5 Girl's Brigade No 2 Account 3,008 39 541 53 324 1,927 243 8,667 509 1,374 7,475 18 7,802 (3271 18 2,681 57 542 56 255 1531 565 820 13581 531 1,929 211 8,349 302 206 668 17,651 787 965 700 17,969 894 2,133 132} 13 18} 11071 11,1681 iiooi 16,688 28,390 29,809 11,4191 14581 14,811 Endowment Funds Lottie Thompson 3,967 29 29 3,996 Total 25,864 80,366 76,641 3,725 29,589 15