GLASTRY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) For the year ended 31 December 2022 Note Unrestricted Funds Restricted Funds Total 2022 Total 2021 Receipts Donations and legacies Charitable activities Other trading activities Investment Income 35,400 122,867 158,267 88,616 5,200 23,461 4,380 9,580 23,468 16,263 20,024 Total Receipts 64,061 127,254 191,315 124,903 Payments Raising funds Charitable activities 552 56,459 552 208,042 627 69,391 151,583 57,011 151,583 208,594 70,018 Purchase of Investments 30,000 Total Payments 57,011 151,583 208,594 100,018 Net receipts/ (payments) Transfers between funds 7,050 (4,092) (24,329) 4,092 117,279) 24,885 Net movement in funds Funds brought forward 2,958 42,539 {20,2371 59,960 {17,279) 102,499 24,885 77,614 Funds carried forward 10 45,497 39,723 85,220 102,499 an GLASTRY CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2022 Note Unrestricted Funds Restricted Total Funds Total Funds Funds 2022 2021 Funds Reconciliatlon Bank and Cash at start of year Net movement in funds 42,539 2,958 59,960 {20,2371 102,499 {17,279) 77,614 24,885 Bank and Cash at end of year 45,497 39,723 85,220 102,499 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 85.220 102,499 85.220 102,499 Other Assets Investments 238,679 254,433 Approved by the Kirk Session at a meeting on ¢ocLL4 £01) and signed on it5 behalf by: t)a 7YL"Ja David McKee Trustee James Mcclements Trustee Date: L*JL3 Date: 10 an GLASTRY CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTS TO THE ACCOUNTS Year ended 31 December 2022 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is le55 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 la} 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 LEGACIES Unrestrfcted Funds Restricted Funds Total 2022 Total 2021 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 30,099 492 1,330 3,479 932 31,031 492 10,464 3,479 112,801 30,908 1,751 6,464 3,665 45,828 9,134 112,801 35,400 122,867 158,267 88,616 11 an GLASTRY CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) Year ended 31 December 2022 CHARITABLE ACTIVITIES Unrestrlcted Funds Restrirted Funds Total 2022 Total 2021 Fundraising events OTHER TRADING ACTIVITIES Unrestricted Funds Restrirted Funds Totsi 2022 Total 2021 Letting of premises Graveyard fees and subscriptions Education Authority Grants 5,200 540 2,040 1,800 5,740 2,040 1.800 10,145 2,059 4,059 5,200 4,380 9.580 16,263 INVESTMENT INCOME Unrestrlcted Funds Restricted Funds Total 2022 Total 2021 Deposit interest General Investment Fund Other investment income Bank interest 22,071 1,367 23 22,071 1,367 23 18,686 1,316 19 23,461 23,468 20,024 12 an GLASTRY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) Year ended 31 December 2022 RAISING FUNDS Unrestricted Funds Restrirted Funds Total 2022 Total 2021 FWO envelopes 552 552 627 552 552 627 CHARITABLE ACTIVITIES Unrestricted Funds Restrfrted Funds Total 2022 Total 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Con8regational running expenses Donations to Missions and charities Governance costs 4,258 639 15,739 35,275 548 4,258 639 15,739 179,147 8,259 5,280 639 10,920 44,392 8,160 143,872 7,711 56,459 151,583 208,042 69,391 FIXED ASSETS The congregation owns the Church premises situated at Manse Road, Glastry and the associated fixture5, fittings, plant and machinery. These have an insurance value of £3,040,167. INVESTMENTS 2022 2021 General Investment Fund M&G Investments 54,749 183,930 59,654 194,779 238,679 254,433 The Congregation is the sole beneficiary of the Glastry Presbyterian Church Trust Fund which is a registered charity. The latest available accounts of the Fund show that the value of the Fund as at 5 April 2022 was £1,945,686. th 13 an GLASTRY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) Year ended 31 December 2022 10. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds General Account 42,539 64,061 57,011 7,050 14,0921 45,497 Restricted Funds Property account Graveyard fund Mission and charities Boys, Brigade PW fund 48,615 6,135 114,772 2,497 3,619 4,036 2,330 134,755 2,865 7,711 3,477 2,775 {19,983) 1368) {4,092) 559 14451 28,632 5,767 4,092 4,169 1,041 4.728 596 59,960 127,254 151,583 124,329) 4,092 39,723 Total 102,499 191,315 208,594 (17,279) 85,220 14