LISNABREEN 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 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other Loans received 87,126 260 55,638 1,200 142,764 1,460 357 17 168 30 555 17 15,000 15,000 Total Receipts 87,760 72,006 30 159,796 Payments Raising funds Charitable activitie5 Loan repayment 67,976 60,131 1,311 128,107 1,311 Total Payments 67,976 61,442 129,418 Net receipts / (payments) Transfers between funds 19,784 300 10,564 12211 30 1791 30,378 Net movement in funds Funds brought forward 20,084 20,842 10,343 21,376 149} 3,879 30,378 46,097 Funds carried forward 40,926 31,719 3,830 76,475 10
LISNABREEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 20,842 20,084 21,376 10,343 3,879 149) 46,097 30,378 Bank and Cash at end of year 40,926 31,719 3,830 76,475 Bank & Cash Balances Ban1< Deposit Accounts Bank Current Accounts Cash in Hand 76,293 182 76,475 Other Assets Fixed Assets - Note 8 Gift Aid receivable on donations 6,901 6,901 Loans 13,689 Approved by the Kirk Session at a meeting on 20 October 2024 and signed on its behalf by Rev Sam Castles David Corbett 11
LISNABREEN 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 (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and Ib} 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 IEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 54,691 2,024 3,093 7,712 19,606 26,573 81,2645 2,024 30,206 7,914 21,356 27,113 202 1,750 87,126 55,638 142,764 12
LISNABREEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 260 260 1,200 1,200 260 1,200 1,460 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Deposit interest 357 168 30 555 357 168 30 555 13
LISNABREEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd} 31 December 2023 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2023 FWO envelopes Fundraising events CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 General Assembly Assessments Presbytery fees Ministry and Support staff costs Congregational running expenses Donations to Missions and charities Governance costs 9,526 9,526 33,040 22,780 2,630 33,040 78,535 7,006 55,755 4,376 67,976 60,131 128,107 FIXED ASSETS The congregation owns the Church premises situated at l Lisnabreen Walk, Bangor BT19 4XJ and the associated fixture5, fittings, plant and machinery. These have an insurance value of £1,698,474. The congregation also owns its manse at 4 Ardvanagh Avenue, Conlig which has an insurance value of £447,629 14
LISNABREEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Def icit) Balance at end Unrestricted Funds General Fund 20,842 87,760 67,976 19,784 300 40,926 20,842 87,760 67,976 19,784 300 40,926 Restricted Funds Building Account United Appeal Sunday School Highway Club Doorstep Ministry Youth Council Business Reserve Presbyterian Women Community Worker Breenies Loan 1,503 33,649 3,726 22 1,730 828 1,212 23 733 14,047 1,036 15,000 36,086 3,726 149 2,154 1,073 1,392 12,4371 1934} 227 943 1612 1,313 1,933 332 13,147 366 (1271 14241 1245} 1180) 23 83 209 1271 13,689 79 179 519 1,367 1,133 1,956 215 13,356 239 13,689 650 13,838 1,063 1,311 (200) (100) 21,376 72,006 61,442 10,564 {2211 31,719 Endowment Funds Lottie Thompson 3,879 30 30 {79) 3,830 Total 46,097 159,796 129,418 30,378 76,475 15