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|