TEMPLATE FINANCIAL STATEMENTS – RECEIPTS AND PAYMENTS ACCOUNT
the Support Services Commi:ee of the General Council. They provide an outline of the format in which congrega@ons elec$ng to prepare Receipts and Payments Accounts should prepare their financial statements. Accounts prepared in accordance with this format are designed to be suitable for the purpose of filing accounts with the Charity Commission for Northern Ireland.
to the Charity Commission in pdf format.
It is not possible to cover every situa@on in a set of template accounts and therefore congrega@ons may wish to take their own professional advice if considered necessary.
Text that appears in these template accounts in red will need to be updated for the congrega@on’s circumstances.
Informa@on to assist congrega@ons in prepare their accounts is included in the suppor@ng guidance note.
October 2017
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KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Trustees Annual Report and Financial Statements for the year ended 31 December 2023
Registered Charity in Northern Ireland (NIC105182)
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KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2023 including a Statement of Assets and Liabili@es as at that date.
REFERENCE AND ADMINISTRATIVE DETAILS
Kingsmills congrega@on of the Presbyterian Church in Ireland Drumnahunshin road, Armagh, BT60 2SX
Registered Charity in Northern Ireland (NIC105182)
CHARITY TRUSTEES
The Charity Trustees who served during the year or who were trustees at the date of this report were
Rev Jamie Maguire Mr Bobby Hamilton Mr Raymond McCormick Mr Robert Harper Mr Roy Harpur Mr Andrew Cartmill Mr David Ferris Mr Alan King Mr Kenneth Herron
PRINCIPAL OFFICE BEARERS
Minister Jamie Maguire Clerk of Session Raymond McCormick Treasurer Andrew Cartmill
INDEPENDENT EXAMINER
Mr s Gillian Graham 18 Keadybeg Road, Whitecross, Armagh, BT60 2TB
BANKERS
Danske Bank
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High St. Portadown BT62 1LB
SOLICITORS
Fisher & Fisher Solicitors
9 Mitchell Place, Newry, BT34 2BS
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KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont’d)
STRUCTURE AND MANAGEMENT
The Kirk Session
The charity trustees of the congrega@on are the members of its Kirk Session. Under the congrega@on’s governing document, The Code, the book of the cons@tu@on and government of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congrega@on and of persons not connected with any congrega@on who are within its bounds. It ensures pastoral care is in place in the congrega@on and seeks to further the contribu@on of the Church to Chris@an witness and service in the local community. The Kirk Sessions has delegated to its Congrega@onal Commi[ee the temporal affairs of the congrega@on including administering all funds and property belonging to the congrega@on. Members of the Kirk Session are ex-officio members of the Congrega@onal Commi[ee.
The Kirk Session consists of the ordained minister and the ruling elders of the congrega@ons. All members are en@tled to propose, speak and exercise equal votes at mee@ngs, except that the Moderator, the ministers in ac@ve duty in the congrega@on, has no delibera@ve but only a cas@ng vote.
Stated mee@ngs of the Kirk session are held at least twice in each year.
member and a regular a[endant on its ordinances. The selec@on of those proposed to be called to the office can be either by the congrega@on or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote.
Presbytery
Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congrega@on is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congrega@ons assigned to it by the General Assembly of the Presbyterian Church in Ireland. Kingsmills congrega@on of the Presbyterian Church has been assigned to the Newry Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the ac@ve ministers of congrega@ons assigned to it by the General Assembly, minsters who have re@red from ac@ve duty and an elder appointed by the Kirk Session of the congrega@on.
KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont’d)
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The General Assembly
The General Assembly is the supreme court of the Church, represen@ng in one body the whole Church and ac@ng as its supreme legisla@ve, administra@on and judicial authority, in dealing with all ma[ers brought before it. The General Assembly is normally cons@tuted during the first week in June for worship and to conduct its business. At the end of business it is dissolved. The membership of the General Assembly consists mainly of the ac@ve ministers of each congrega@on, re@red minsters and a representa@ve elder appointed by the Kirk Session of each congrega@on.
DESCRIPTION AND PURPOSE
The charitable purpose of the congrega@on is the advancement of religion.
Kingsmills congrega@on of the Presbyterian Church is a congrega@on of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is grounded in the Scriptures, and exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play their part in fulfilling God’s mission to our world.
The congrega@ons mission purposes is
-
To become more God-centred and less man-centred in the whole ethos of congrega@onal life and worship.
-
To become more God-dependant and less dependant on mere human skills and abili@es.
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To become a truly praying people, realising that of ourselves we are weak, fallible and
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To proclaim the saving Gospel of the Lord Jesus Christ in this congrega@on to the end that nominal members will be converted.
-
To live holy lives before God and men.
As a congrega@on of the Presbyterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechisms set out what we understand the Bible teaches on key ma[ers of Chris@an faith and prac@ce.
KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont’d)
ACTIVITIES AND OBJECTIVES
The congrega@on meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is observed on several occasions during the year and all those who have been bap@sed and who have made a profession of faith in the Lord Jesus Christ are admi[ed to the Lord’s Supper. A Sunday School of 40 children meets before the morning service and during the service there is a creche space provided. The congrega@on
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holds regular Bible study and prayer mee@ngs as well as a wide range of organisa@ons including:
-
Good News Club
-
Junior Youth Challenge
-
Presbyterian Women (Shared with 1st Drumbanagher and Jerre[spass Congrega@on)
-
Men’s Fellowship (Shared with 1st Drumbanagher and Jerre[spass Congrega@on)
-
Friendship Group (Shared with 1st Drumbanagher and Jerre[spass Congrega@on)
ACHIEVEMENTS AND PERFORMANCE
Worship and prayer
The congrega@on normally meets for worship each Sunday at 10.30am and hold occasional evening services at 7pm. During the week the Bible Study provides an opportunity for members to meet together for fellowship, to study the scriptures and for a @me of prayer.
As well as our regular services during the year we gave thanks for faithful lives and sought to comfort those who had been bereaved with funeral services during the year.
At 31 December 2024 there were 135 communicant members and 90 families connected with the congrega@ons. The average weekly a[endance at morning worship is 100.
Pastoral care
Members of the congrega@on who are unable to a[end church due to sickness or age are visited on a regular basis by the minister, elders and informally by other members of the congrega@on.
Mission and outreach
At a local level the congrega@on holds a Holiday Bible Club each year as a culmina@on and extension of outreach through Good News Club and Junior Youth Challenge.
Through the course of the year the congrega@on has opportunity to support various mission partners through prayer and financial giving. This work is primarily carried out through the midweek gathering. Our mission partners include (but are not limited to) CEF, SCFS, BCM, EMF, etc.
During the summer of 2024, the congrega@on supported a mission trip to Almunecar Spain both financially and by sending 6 individuals.
Many members of the congrega@on help to lead summer camps through Child Evangelism Fellowship in Kilkeel.
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KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont’d)
The congrega@on supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congrega@ons to support the wider mission of the denomina@on and to do mission and outreach on a denomina@onal basis beyond what the congrega@on could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congrega@ons with the deployment of locally based staff, enables church plan@ng, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church’s training college for ministry students, and financially supports congrega@on in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care.
The congrega@on also contributes to the denomina@ons annual World Development Appeal, Sunday School project and any other special appeals.
Presbytery
The congrega@on was represented at the regular mee@ngs of Presbytery by our minister and / or one of the elders. This provides an important link between the congrega@ons and the wider structures of the church.
General Assembly
The minister and one of our elders were nominated to a[end the mee@ng of the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June.
Property
During the last year the congrega@on refurnished the mee@ng-house by replacing the roof.
Organisa[ons
There is a weekly prayer and Bible teaching mee@ng ( Midweek ). This mee@ng runs jointly with First Drumbanagher and Jerre[spass congrega@on from October to Easter. During the summer months there is a fortnightly mee@ng for prayer. This provides the 25-30 people in a[endance with the opportunity to hear Bible teaching and pray together. Mission speakers visit approximately once a month.
Men’s Fellowship meets occasionally and is run jointly with First Drumbanagher and Jerre[spass congrega@on. Speakers are invited from other Presbyterian Churches as well as various mission organisa@ons. Following the mee@ng, the approx. 15 men enjoy fellowship over supper together.
Presbyterian Women is organised at a denomina@onal level, but our par@cular group meets jointly with women from First Drumbanagher and Jerre[spass congrega@on. A variety of
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speakers come to the monthly mee@ngs to share about their mission work and/or from the Bible. Women frequently eat together and occasionally go on trips. There are regular opportuni@es to visit other PW groups across Ireland.
The Friendship Group is run jointly with First Drumbanagher and Jerre[spass congrega@on and meets once each month between October and Easter. There is a service of worship with singing, prayers and a speaker. The approximately 15 members share a meal together. This has not restarted aker being suspended due to COVID-19.
Good News Club meets weekly for children of Primary school age. The 15-20 children play games and quizzes, learn memory verses do craks, sing songs and hear Bible stories. There are occasional trips.
Junior Youth Challenge meets every other week. Approximately 15 young people of Secondary school age enjoy coming along for games, socialising with friends, hearing a Bible talk and praying together. There are occasional trips.
The Holiday Bible Club takes place in June for one week. There are approx. 60 children from the Church and local area gathered in the Church hall for songs, quizzes, memory verses, craks, games and Bible stories.
Volunteers
The Trustees wish to acknowledge their deep apprecia@on of those who give freely of their @me by serving on commi[ees and helping with organisa@ons and other church ac@vi@es
KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont’d)
PUBLIC BENEFIT STATEMENT
benefit to its members and the general public by making known the Chris@an Gospel of the Lord Jesus Christ through the advancement of religion.
understanding in Chris@an beliefs as set out in the Bible and in the Church’s subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportuni@es for response to Bible teaching. In turn, this framework leads to prac@cal expressions of Chris@an beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved).
are facilitated through presbyteries or are organised and delivered centrally. Local delivery is
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facilitated by central resources in almost all cases. Public access is made known through the use of no@ceboards, printed material, press adver@sement, websites, and social media or in other ways.
ad-hoc feedback from members, their families, and members of the public.
related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communi@es throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Chris@an and other secular organisa@ons, chari@es and individual members of the public.
statutory guidance.
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KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont’d)
FINANCIAL REVIEW
The congrega@on’s main source of income is members’ contribu@ons through the Weekly Freewill Offering. There were 74 contributors during the year [74 in previous year, 2022] dona@ng a total of £48,173 (£49,354 in previous year, 2022)
Total Income of the congrega@on during the year was £94,390, compared to £82,742 in the previous year.
Total expenditure increased from £88,959 to £74,137
STATEMENT OF TRUSTEE RESPONSIBILITIES
the congrega@on in accordance with applicable law and generally accepted accoun@ng prac@ce.
As the congrega@ons total income does not exceed £250,000, the Trustees have elected under Sec@on 64(3) of the Chari@es Act (Northern Ireland) 208 to prepare a receipts and payment account and a statement of assets and liabili@es.
show and explain the congrega@on’s transac@ons and disclose with reasonable accuracy at any @me its financial posi@on. They are also responsible for safeguarding the assets of the congrega@on and hence for taking reasonable steps for the preven@on and detec@on of fraud and other irregulari@es.
Approved by the Kirk Session at a mee@ng on 24th of October 2024 and signed on its behalf by
Minister
Clerk of Session
James Maguire
Raymond McCormick
24.10.23
24.10.23
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INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
(To be provided by the Independent Examiner)
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KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023
| Note | Unrestricted | Restricted | Endowment | Total | Total |
|
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Dona@ons and legacies | 2 | 58,546 | 29,912 | 0 | 88,458 | 78,903 |
| Charitable ac@vi@es | 3 | 0 | 1,530 | 0 | 1,530 | 239 |
| Other trading ac@vi@es | 4 | 0 | 3,019 | 0 | 3,019 | 2,879 |
| Investment Income | 5 | 506 | 151 | 0 | 657 | 516 |
| Other | 6 | 726 | 0 | 726 | 205 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Sale of Investments | ||||||
| Sale of fxed assets | ||||||
| Loans Received | ||||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 59,778 | 34,612 | 94,390 | 82,742 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Payments | ||||||
| Raising funds | 7 | 288 | 288 | 565 | ||
| Charitable ac@vi@es | 8 | 59,098 | 14,751 | 73,849 | 88,394 | |
| Investment costs | ||||||
| Other | 9 | |||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Purchase of Investments | ||||||
| Purchase of fxed assets |
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| Loan Repayments | |||||
|---|---|---|---|---|---|
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total Payments | 59,386 | 14,751 | 74,137 | 46,465 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Net receipts / | 392 | 19,861 | 20,253 | (6,217) | |
| ( t ) Transfers between funds |
1,312 | (1,312) | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Net movement in funds | 1,704 | 18,549 | 20,253 | (6,217) | |
| Funds brought forward | 94,555 | 111,670 | 12,404 | 218,629 | 212,452 |
| ---------- | --------- | ---------- | ---------- | ---------- | |
| Funds carried forward | 94,947 | 131,530 | 12,404 | 238,881 | 218,629 |
| ====== | ====== | ====== | ====== | ====== |
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KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2023
| As at 31 December 2023 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | Funds | Funds | |
| 2023 | 2022 | ||||
| £ | £ | £ | £ | £ | |
| Funds Reconcilia[on | |||||
| Bank and Cash at start of year | 94,555 | 111,670 | 12,404 | 218,619 | 224,846 |
| Net movement in funds | 392 | 19,860 | 0 | 20,252 | (4,639) |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Bank and Cash at end of year | 94,947 | 131,530 | 12,404 | 238,881 | 218,629 |
| ======- | ======= | ======= | ======= | ======= | |
| Bank & Cash Balances | |||||
| Bank Deposit Accounts | 12,404 | 12,404 | 12,404 | ||
| Bank Current Accounts | 94,947 | 131,530 | 226,477 | 206,225 | |
| Cash in Hand | |||||
| ---------- | ---------- | ||||
| 238,881 | 218,629 | ||||
| ======= | ======= | ||||
| Other Assets | |||||
| Fixed Assets – Note 10 | |||||
| - Church Premises | |||||
| - Fixtures, Fitngs & | |||||
| E i t |
|||||
| - Vehicles | |||||
| Investments – Note 11 | |||||
| Gik Aid receivable on dona@ons | |||||
| Enter details of any other assets | |||||
| ---------- | ---------- |
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======= =======
Liabili[es
Loans Enter details of any other liabili@es Other
------------------======= =======
Approved by the Kirk Session at a mee@ng on 24th of October 2024 and signed on its behalf by
Minister
Clerk of Session
James Maguire
Raymond McCormick
24.10.23
24.10.23
KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS
31 December 2023
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congrega@on is less than £250,000 the congrega@on have elected in accordance with the provisions in The Chari@es (Accounts and Reports Regula@ons (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 congrega@on’s discre@on; the income derived from the endowment is to be used either as restricted or
15
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 dona@ons or grants for a specific congrega@onal ac@vity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is appor@oned to the individual funds on an average balance basis.
Unrestricted funds are income funds which are to be spent on the congrega@on’s general purposes. Designated funds are general funds set aside by the congrega@on for use in the future.
2. DONATIONS AND LEGACIES
| 2. DONATIONS AND LEGACIES |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total |
|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Recorded giving: | 48,173 | 48,173 | 49,354 | ||
| Loose collec@ons | 671 | 671 | 243 | ||
| Dona@ons and giks | 0 | 27,191 | 27,191 | 18,307 | |
| Gik Aid | 9,702 | 2,721 | 12,423 | 10,999 | |
| Legacies and bequest | 0 | ||||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 58,546 | 29,912 | 88,458 | 78,903 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- |
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KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023
3. CHARITABLE ACTIVITIES
| 3. | CHARITABLE ACTIVITIES | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted |
Endowment | Total | Total |
||
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Income from charitable | ||||||
| @ | i@ | |||||
| Fees | from weddings and | |||||
| f | l | |||||
| Fundraising events | ||||||
| Membership fees | ||||||
| Grants | 1,530 | 1,530 | 239 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 4. | OTHER TRADING ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total |
||
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Letng of premises | 3019 | 3019 | 2,879 | |||
| Trading income | ||||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 3019 | ||||||
| ---------- | ---------- | ---------- | ---------- | ---------- |
5. INVESTMENT INCOME
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| Unrestricted | Restricted | Endowment | Total | Total |
|
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 506 | 151 | 656 | 516 | |
| General Investment Fund | |||||
| Rents investment proper@es | |||||
| Other investment income | |||||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
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KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023
6. OTHER INCOME
| 6. | OTHER INCOME | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Insurance claims | ||||||
| Other income | 726 | 726 | 205 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 7. | RAISING FUNDS | |||||
| Unrestricted | Restricted | Endowment | Total | Total |
||
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| FWO envelopes | 288 | 288 | 565 | |||
| Fundraising events | ||||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 8. | CHARITABLE ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total |
||
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| General Assembly Assessments | 9,639 | 9,639 | 5,190 |
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| Presbytery fees | 654 | 654 | 529 | ||
|---|---|---|---|---|---|
| Ministry and support staf costs | 24,812 | 0 | 24,812 | 48,136 | |
| Congrega@onal running | 23,793 | 14,223 | 38,016 | 15,806 | |
| Dona@ons to Missions and | 200 | 528 | 728 | 18,733 | |
| chari@es | |||||
| Governance costs | 0 | 0 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 59,098 | 14,751 | 73,849 | 88,394 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- |
KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont’d) 31 December 2023
9. OTHER EXPENDITURE
| Unrestricted | Restricted | Endowment | Total | Total |
|
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Investment proper@es expenses | |||||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
10. FIXED ASSETS
The congrega@on owns the Church premises situated at [address of property] and the associated fixtures, fitngs, plant and machinery. These have an insurance value of £[enter amount at last renewal date].
11. INVESTMENTS
The congrega@on has the following investments. Amounts are shown at market valua@on.
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| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| General Investment Fund | ||
| Property | ||
| Other investments | ||
| ---------- | ---------- | |
| ---------- | ---------- |
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KINGSMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023
12. FUND BALANCES
| Fund | Balance at | Receipts | **Payment ** | Surplus / | Transfer | Balance at |
|---|---|---|---|---|---|---|
| start | (Defcit) | end | ||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| GENERAL FUND | 94,555 | 59,778 | 59,386 | 392 | 0 | 94,947 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Restricted Funds | ||||||
| Property | 9,438 | 2,509 | 0 | 3,715 | 1,312 | 13,153 |
| United Appeal | 0 | 4,075 | 0 | 4,075 | 0 | 4,075 |
| Belfast City Mission | 25 | 25 | 0 | 25 | 0 | 50 |
| Earl Haig | 110 | 129 | 110 | 19 | 0 | 129 |
| Harvest | 313 | 2,311 | 156 | 843 | (1,312) | 1,156 |
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| Children’s Society | 100 | 1,078 | 0 | 1,078 | 0 | 1,178 |
|---|---|---|---|---|---|---|
| World Development | 100 | 865 | 0 | 865 | 0 | 965 |
| Young People’s Mission Trip | 302 | 0 | 0 | 0 | 0 | 302 |
| Friendship Group | 1 | 0 | 0 | 0 | 0 | 1 |
| Good News | 724 | 1,709 | 1,375 | 334 | 0 | 1,058 |
| Holiday Bible Club | (265) | 0 | 275 | (275) | 0 | (540) |
| Junior Youth Challenge | 2,010 | 0 | 33 | (33) | 0 | 1,977 |
| Kingsmills for Christ | ||||||
| Sunday School | 0 | 0 | 0 | 0 | 0 | 0 |
| Men’s Fellowship | 0 | 0 | 0 | 0 | 0 | 0 |
| Midweek | 90 | 0 | 0 | 0 | 0 | 91 |
| PW | 1,081 | 1,367 | 996 | 371 | 0 | 1,452 |
| Aker Church Tea | 990 | 741 | 1,241 | (500) | 0 | 490 |
| Co[age Youth | 1,517 | 0 | 0 | 0 | 0 | 0 |
| J Doran Legacy | 87,730 | 871 | 277 | 594 | 0 | 2,111 |
| Bequests Interest | 186 | 391 | 9,920 | (9,529) | 0 | 78,201 |
| Roof Fund | 7,455 | 151 | 0 | 151 | 0 | 337 |
| Ukraine Appeal Fund | (501) | 15,709 | 0 | 15,709 | 0 | 23,164 |
| Students Bursary | 262 | 1,770 | 0 | 1,770 | 0 | 1,269 |
| 911 | 262 | 649 | 0 | 911 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Endowment Funds | ||||||
| Ex Warstock | 8,910 | 0 | 0 | 0 | 0 | 8,910 |
| Bequests | 3,494 | 0 | 0 | 0 | 0 | 3,494 |
| ---------- | ----------- | ----------- | ----------- | ----------- | ---------- | |
| Total | 224,846 | 82,742 | 88,959 | (12,953) | 0 | 218,629 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |
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