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