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2023-12-31-accounts

GROOMSPORT PRESBYTERIAN CHURCH

ANNUAL ACCOUNTS

2023

STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31 DECEMBER, 2023

Unrestricted

Funds

£

Income
Charitable activities
107,941
Donations
190
Income from property
10,580
Investment income
Investment Capital Growth
Other income
1,399
Total income
120,110
Expenditure
Charitable Activities
126,069
Grants & Donations
12,319
Total Expenditure
138,388
Net Surplus (Deficit)
-18,278
Reconciliation of Funds
Total Funds Brought Forward
138,290
Movement of Funds
-18,278
Total Funds Carried Forward
120,012
Restricted
Total Total
Funds
2023
2022
£
£
£
39,116
147,057
136,362
8,349
8,539
169,429
10,580
8,950
13,688
13,688
14,298
-17,766
-17,766
-61,762
1,399
768
43,387
163,497
268,045
294,283
420,352
151,398
54,614
66,933
64,271
348,897
487,285
215,669
-305,510
-323,788
52,376
984,278
1,122,568
-305,510
-323,788
678,768
798,780

STATEMENT OF FINANCIAL ASSETS AND LIABILITIES AS AT 31 DECEMBER, 2023

Current Financial Assets
Mc Caw Fund assets (For detail see McCaw accounts)
General accounts:
Progressive BS
0
Danske Bank
373,403
Total
Total financial assets
Note 1 - Reserves
General Fund
Property Fund
Hall Development Fund
Mission Fund
Flower Fund
Benevolent Fund
Total Reserves
2023
425,377
75,270
256,456
373,403
798,780
2023
120,012
20,613
211,392
18,068
1,441
1,877
373,403
2022
790,842
331,726
1,122,568
2022
790,842
331,726
1,122,568
2022
790,842
331,726
1,122,568
2022
138,290
21,647
151,832
16,439
1,441
2,077
331,726
2022

Note 2 There are no known outstanding liabilities at the end of the year

In our opinion, the financial statements give a true and accurate view of the state of the affairs of Groomsport Presbyterian Church and of its income and expenditure for the year ended 31 December, 2023

Chris Thompson Shirley Collins Treasurer Independent Examiner