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