GLASTRY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account> For the year ended 31 December 2023 Note Unrestricted Funds Restricted Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading activities Investment Income 90,326 11,498 101,824 158,267 5,833 35 5,833 26,197 9,580 23,468 26,162 Total Recelpts 116,488 17,366 133,854 191,315 Payments Raising funds Charitable activities 759 49,466 759 100,629 552 208,042 51,163 50,225 51,163 101,388 208,594 Purchase of Investments 60,000 60,000 Total Payments 110,225 51,163 161,388 208,594 Net receipts/ (payments) Transfers between funds 6,263 (6,830) 1567) 45,497 133,797} 6,830 (27,534) {17,2791 Net movement In funds Funds brought forward {26,967) 39,723 127,534) 85,220 117,2791 102,499 Funds carried forward 10 44,930 12,756 57.686 85,220
an GLASTRY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2023 Note Unrestrirted Funds Restrlcted Total Funds Total Funds Funds 2023 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 45,497 15671 39,723 (26,967) 85,220 (27,534) 102,499 {17,2791 Bank and Cash at end of year 44,930 12,756 57.686 85,220 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 57,686 85,220 57,686 85,220 Other Assets Investments 3CKI,984 238,679 Approved by the Kirk Session at a meetln8 on and signed on its behalf by: David McKee Trustee £)ami" James Mcclements Trustee Date: 10
an GIASTRY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTS TO THE ACCOUNTS Year ended 31 December 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation Is less than £250,000 the congregatlon 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 discretlon; the income derived from the endowment is to be used either as restrlcted or unrestricted income funds depending upon the purpose for which the endowment was established in the flrst place. Restricted funds comprise la) 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 speciflc congregational activity Intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the indivldual 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 con8re8ation for use in the future. DONATIONS AND LEGACIES Unrestrlcted Funds Restrlcted Funds Total 2023 Total 2022 Recorded glvlng: Loose collections Donations and gifts Gift Aid Legacies and bequest 31,881 496 874 3,291 53,784 947 32,828 496 6,425 3,291 58,784 31,031 492 10,464 3,479 112,801 5,551 5,000 90,326 11,498 101,824 158,267 11
an GLASTRY CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TOTHE ACCOUNTS {cont'd) Year ended 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Fundraising events OTHER TRADING AcfiviTIES Unrestrltted Funds Restricted Funds Total 2023 Total 2022 Letting of premises Graveyard fees and subscriptions Education Authority Grants 330 5,123 380 330 5,123 5,740 2,040 1,800 5,833 5,833 9,580 INVESTMENT INCOME Unrestrlcted Funds Restricted Funds Total 2023 Total 2022 Deposit interest Genera5 Investment Fund Other investment income Bank interest 24,821 1,316 25 24,821 1,316 25 35 22,071 1,367 23 35 26,162 35 26,197 23,468 12
an GLASTRY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) Year ended 31 December 2023 RAISING FUNDS Unrestrlcted Funds Restricted Funds Total 2023 Total 2022 FWO envelopes 759 759 552 759 759 552 CHARITABLE ACTIVITIES Unrestrlcted Restricted Funds Funds Total 2023 Total 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 6,075 655 17,957 22,134 635 2,010 6,075 655 17,957 63,795 10,137 2,010 4,258 639 15,739 179,147 8,259 41,661 9,502 49,466 51,163 100,629 208,042 FIXED ASSETS The congregation owns the Church premises situated at Manse Road, Glastry and the assoclated fixtures, fittings, plant and machinery. These have an insurance value of £3,434,746. INVESTMENTS 2023 2022 General Investment Fund M&G Investments 59,704 241280 54,749 183 930 300,984 238,679 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 th 5 April 2023 was £1,714,822. 13
an GLASTRY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) Year ended 31 December 2023 10. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deflcit) Transfer Balance at end Unrestricted Funds General Account 45,497 116,488 110,225 6,263 (6,8301 44,930 Restrlrted Funds Property account Graveyard fund Mission and charities Boys, Brigade PW fund 28,632 5,767 6,277 5,123 2,672 2,088 1,206 29,296 7,482 9,502 3,745 1,138 {23,019) {2,359) {6,830) (1,6571 68 5.613 3,408 6,830 4,728 596 3,071 664 39,723 17,366 51,163 133,7971 6,830 12,756 Total 85,220 133,854 161,388 127,534} 57,686 14