## **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**_