BESSBROOK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
FINANCIAL STATEMENTS for the year ended 31 December 2020
Registered Charity in Northern Ireland (NIC 105166)
BESSBROOK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts & Payments Accounting) for the year ended 31 December 2020
| Note Receipts Donationsandlegacies 2 Charitableactivities 3 Other Income 4 Rental Income Investment Income/Bank Interest Organisations TotalReceipts Payments FWO Account Property Account Charitable activities Organisations Total Payments Netreceipts/(payments) Transfers between funds Netmovement in funds |
Unrestricted Funds Restricted Funds Endowment Funds Total 2020 Total 2019 £ £ £ £ £ 52,898 15,702 68,600 80,598 5,045 5,045 6,456 0 120 5,924 5,924 5,762 197 197 5,982 2,124 2,124 1,172 |
|---|---|
| 52,898 28,992 81,890 100,090 |
|
| 52,276 52,276 60,470 14,151 14,151 74,714 270 270 6,456 779 779 1,645 |
|
| 52,276 15,200 0 67,476 143,285 |
|
| 622 13,792 14,414 -43,195 -40 40 0 0 |
|
| 582 13,832 0 14,414 -43,195 |
STATEMENT OF ASSETS AND LIABILITIES 31 December 2020
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2020 | 2019 | ||
| £ | £ | £ | £ | £ | ||
| Funds Reconciliation | ||||||
| Bank and Cash at start of year | 36,244 | 39,590 | 75,834 | 119,029 | ||
| Net movement in funds | 582 | 13,832 | 14,414 | -43,195 | ||
| Bank and Cash at end of year | 36,826 | 53,422 | 0 | 90,248 | 75,834 | |
| Bank & Cash Balances |
||||||
| General Account | 36,826 | 36,826 | 36,244 | |||
| Property Account | 36,866 | 36,866 | 29,194 | |||
| Missions & Charities Fund | 4,815 | 4,815 | 0 | |||
| Organisations | 11,741 | 11,741 | 10,396 | |||
| 36,826 | 53,422 | 0 | 90,248 | 75,834 | ||
| Tangible Assets |
||||||
| Church building and contents | 1,343,971 | 1,343,971 | ||||
| Church Hall building and | 430,236 | 430,236 | ||||
| Manse | 383,550 | 383,550 | ||||
| Rentalproperties | 208,474 | 208,474 | ||||
| 2,366,231 | 2,366,231 | |||||
| Other Assets | ||||||
| Investments inPresbyterianMutual Society (Not included in above figures as balance may not be receivedinfull) |
9,305 | 9,305 |
Approved by the Kirk Session on 10 July 2021 and signed on their behalf by:
NOTES TO THE ACCOUNTS 31 December 2020
1. 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 (b) 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 arc general funds set aside by the congregation for use in the future.
| 2.DONATIONS AND LEGACIES Freewill andlooseofferings Donationsand gifts Gift Aid 3.CHARITABLE ACTIVITIES Incomefrom charitable activities 4. OTHER INCOME Feesfrom weddings and funerals |
Unrestricted Funds £ Restricted Funds £ Endowment Funds £ Total 2020£ Total 2019£ 44,437 44,437 53,802 2,613 14,077 16,690 25,975 5,848 1,625 7,473 7,405 |
|---|---|
| 52,898 15,702 0 68,600 87,182 |
|
| 5,045 5,045 6,456 |
|
| 0 0 120 |