| Not | Unrestricted | Restricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| e | Funds | Funds | Funds | 2023 | 2022 | ||||
| £ | £ | £ | £ | £ | |||||
| Receipts | |||||||||
| Donations and legacies | 2 | 26,565 | 39,740 | 0 | 66,305 | 44,275 | |||
| Investment Income | 3 | 939 | 0 | 0 | 939 | 326 | |||
| Other income | 4 | 814 | 836 | 0 | 1,650 | 5,004 | |||
| Total Receipts | 28,319 | 40,576 | 0 | 68,895 | 49,605 | ||||
| Payments | |||||||||
| Raising funds | 5 | 0 | 0 | 0 | 0 | 0 | |||
| Charitable activities | 6 | (9,647) | (27,146) | 0 | (36,794) | (34,591) | |||
| Other | 7 | (89) | 0 | 0 | (89) | (16,256) | |||
| Total Payments | (9,736) | (27,146) | 0 | (36,883) | (50,847) | ||||
| Net receipts / (payments) | 18,583 | 13,430 | 0 | 32,012 | -1,242 | ||||
| Transfers between funds | 0 | 0 | 0 | 0 | 0 | ||||
| Net movement in funds | 18,583 | 13,430 | 0 | 32,012 | (1,242) | ||||
| Funds brought forward | 126,574 | 13,502 | 0 | 140,076 | 141,318 | ||||
| Funds carried forward | 10 | 145,157 | 26,932 | 0 | 172,088 | 140,076 | |||
| ====== | ====== | ====== | ====== | ====== | |||||
| Unrestricted | Restrict | Endowment | Total | Total Funds | |||||
| Funds | Funds | Funds | 2022 | 2022 | |||||
| £ | £ | £ | £ | £ | |||||
| Funds Reconciliation | |||||||||
| Bank and Cash at start of | 126,574 | 13,502 | 0 | 140,076 | 141,318 | ||||
| Net movement in funds | 18,583 | 13,430 | 0 | 32,012 | -1,242 | ||||
| Bank and Cash at end of year | 145,157 | 26,932 | 0 | 172,088 | 140,076 | ||||
| ======= | ======= | ======= | ======= | ======= | |||||
| Bank & Cash Balances | |||||||||
| Bank Deposit Accounts | 0 | 0 | |||||||
| Bank Current Accounts | 172,088 | 140,076 | |||||||
| Cash in Hand | 0 | 0 | |||||||
| 172,088 | 140,076 | ||||||||
| ======= | ======= | ||||||||
| Other Assets | |||||||||
| Fixtures, Fittings & | 0 | 0 | |||||||
| Note 8 | 24,166 | 24,166 | |||||||
| Investments – Note 9 |
| 24,166 | 24,166 | |
|---|---|---|
| ======= | ======= | |
| Liabilities | ||
| Loans | 0 | 0 |
| Other | 0 | 0 |
| 0 | 0 | |
| ======= | ======= |
Approved by the Kirk Session at a meeting on 8 April 2024 and signed on its behalf by
Rev. D Bingham Mr. D Croskery
08/04/2024 08/04/2024
1. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250,000, the congregation has elected, in accordance w provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its account receipts and payments basis.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or at the congregatio discretion; the income derived from the endowment is to be used either as restricted or unrestricted income 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 purp intended by the donor, and (b) revenue donations or grants for a specific congregational activity intended by 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 that are to be spent on the congregation’s general purposes. Designate are general funds set aside by the congregation for use in the future.
2 DONATIONS AND LEGACIES
2. DONATIONS AND LEGACIES
| Legacies and bequest 0 4905 0 26,565 39,740 0 Donations and gifts 1010 34,835 0 Gift Aid 20,477 0 0 Recorded giving: Loose collections 5,077 0 0 Unrestricted Restricted Endowment Funds Funds Funds £ £ £ |
4905 66,305 35,845 20,477 5,077 Total 2023 £ |
0 44,275 32,596 7,989 3,690 Total 2022 £ |
|---|---|---|
3. INVESTMENT INCOME
| 939 0 0 Deposit interest 398 0 0 General Investment Fund 541 0 0 Unrestricted Restricted Endowment Funds Funds Funds £ £ £ |
939 398 541 Total 2023 £ |
326 326 0 Total 2022 £ |
|---|---|---|
OTHER
4. INCOME
| 814 836 0 £ £ £ Other income 814 836 0 Unrestricted Restricted Endowment Funds Funds Funds |
1,650 £ 1,650 Total 2023 |
5,004 £ 5,004 Total 2022 |
|---|---|---|
| 5. | RAISING | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||||||
| Funds | Funds | Funds | 2023 | 2022 | |||||||
| £ | £ | £ | £ | £ | |||||||
| FWO | envelopes | 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||||
| 6. | CHARITABLE | ||||||||||
| ACTIVITIES | |||||||||||
| Unrestr | Restricted | Endowment | Total | Total | 202 | ||||||
| icted | Funds | Funds | 2023 | ||||||||
| Funds | |||||||||||
| £ | £ | £ | £ | £ | |||||||
| General | 0 | (15,209) | 0 | (15,209) | (6,008) | ||||||
| Assembly | |||||||||||
| Assessme | |||||||||||
| nts | |||||||||||
| Presbyter | 0 | (187) | 0 | (187) | 0 | ||||||
| y fees | |||||||||||
| Ministry | 0 | (3,832) | 0 | (3,832) | (4,463) | ||||||
| and | |||||||||||
| support | |||||||||||
| staff costs | |||||||||||
| Congregation | (9,647) | 0 | 0 | (9,647) | (11,390) | ||||||
| al running | |||||||||||
| expenses | |||||||||||
| Donations to | 0 | (7,919) | 0 | (7,919) | (12,730) | ||||||
| missions and | |||||||||||
| charities | |||||||||||
| (9,647) | (27,146) | 0 | (36,794) | (34,591) | |||||||
| 7 | OTHER | ||||||||||
| EXPEND | |||||||||||
| ITURE | |||||||||||
| Unrestr | Restricted | Endowment | Total | Total | 202 | ||||||
| icted | Funds | Funds | 2022 | ||||||||
| Funds | |||||||||||
| £ | £ | £ | £ | £ | |||||||
| Equipmen | (89) | 0 | 0 | (89) | (16,256) | ||||||
| t & | |||||||||||
| Property | |||||||||||
| Repairs |
(16,256)
(89)
0
0
(89)
8 FIXED ASSETS
The congregation owns the Church premises situated at Demesne Road, Seaforde, and the associated fixtu fittings, and equipment. However, they do not own the land on which the buildings sit. This ground is sub lease agreement. Therefore, no value has been attributed to the premises. The cost of fixtures, fittings, an equipment has been expensed in the year in which the cost was incurred.
9. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
| 2023 | 2023 | 2022 | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||
| 2081 shares in General Investment | 24,166 | 24,166 | |||||||
| Fund of PCI | |||||||||
| 24,166 | 24,166 | ||||||||
| 10. FUND BALANCES | |||||||||
| Fund | Balance | Receipts | Surplus Payment |
Transfer | Balance | ||||
| at start | / (Deficit |
at end | |||||||
| £ | £ | £ | £ | £ | £ | ||||
| Unrestricted Funds | |||||||||
| General Fund | 124,245 | 28,319 | 18,583 (9,736) |
(3,182) | 139,646 | ||||
| 124,245 | 28,319 | 18,583 (9,736) |
(3,182) | ||||||
| Restricted Funds | |||||||||
| Missions Fund | 0.00 | 5,969 | (5,969) | 0 | 0 | ||||
| Stipend & CMF | 0.00 | 7,573 | -9136 (16,709) |
9,136 | 0 | ||||
| Building Fund | 15,831 | 4,905 | 0 | 4,905 | 11,707 | 32,442 | |||
| Other | 0 | 22,128 | 17,660 (4,468) |
(17,660) | 0 | ||||
| 0 | |||||||||
| 15,831 | 40,575 | 13,429 (27,146) |
3182 | 32,442 | |||||
| Endowment Funds |
| 0 32,012 NIL 0 0 0 Total 140,076 68,894 (36,882) |
0 0 0 172,088 |
|---|---|
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