CARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022
| Note | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | 136,436 | 22,518 | - | 158,954 | 164,793 |
| Charitable activities | 3 | 23,774 | 13,377 | - | 37,151 | 24,890 |
| Other trading activities | 4 | 5,205 | 24,000 | - | 29,205 | 25,266 |
| Investment income | 5 | - | - | 1,227 | 1,227 | 1,181 |
| Other | 6 | 478 | - | - | 478 | 750 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 165,893 | 59,895 | 1,227 | 227,015 | 216,880 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Payments | ||||||
| Raising funds | 7 | 572 | - | - | 572 | 860 |
| Charitable activities | 8 | 156,833 | 48,413 | - | 205,246 | 160,405 |
| Other expenditure | 9 | 23 | - | 1,227 | 1,250 | 1,204 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Payments | 157,428 | 48,413 | 1,227 | 207,068 | 162,469 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net receipts / (payments) | 8,465 | 11,482 | - | 19,947 | 54,411 | |
| Transfers between funds | (39,250) | 39,250 | - | - | - | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | (30,785) | 50,732 | - | 19,947 | 54,411 | |
| Funds brought forward | 135,043 | (96,190) | - | 38,853 | (15,558) | |
| ---------- | --------- | ---------- | ---------- | ---------- | ||
| Funds carried forward | 11 | 104,258 | (45,458) | - | 58,800 | 38,853 |
| ====== | ====== | ====== | ====== | ====== |
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CARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2022
| s at 31 December 2022 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Funds Reconciliation | |||||
| Bank and Cash at start of year | 135,043 | (96,190) | - | 38,853 | (15,558) |
| Net movement in funds | (30,785) | 50,732 | - | 19,947 | 54,411 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Bank and Cash at end of year | 104,258 | (45,458) | - | 58,800 | 38,853 |
| ====== | ======= | ======= | ======= | ======= | |
| Bank & Cash Balances | |||||
| Bank Current Accounts | 122,893 | 126,945 | |||
| Banks Loans & Overdrafts | (64,093) | (88,092) | |||
| ---------- | ---------- | ||||
| 58,800 | 38,853 | ||||
| ======= | ======= | ||||
| Other Assets | |||||
| Fixed Assets – Note 10 | 1,500,000 | 1,500,000 | |||
| General Investment Fund | 55.532 | 60,506 | |||
| ---------- | ---------- | ||||
| 1,555,532 | 1,560,506 | ||||
| ---------- | ---------- | ||||
| Total assets less liabilities | 1,614,332 | 1,599,359 | |||
| ======= | ======= |
Approved by the Kirk Session at a meeting on 6 September and signed on its behalf by
Rev Alistair Smyth Mr Ian Montgomery
Signed: Alistair Smyth Signed: Ian Montgomery
Date: 5 September 2023 Date: 5 September 2023
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CARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less 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 (a) 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 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.
2. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Recorded giving | 107,505 | - | - | 107,505 | 104,687 |
| Loose collections | 1,833 | - | - | 1,833 | 1,263 |
| Gift Aid | 22,075 | - | - | 22,075 | 23,717 |
| Repairs income | - | 21,360 | - | 21,360 | 7,110 |
| Graveyard income | - | 1,158 | - | 1,158 | 2,493 |
| Legacies and bequests | 5,023 | - | - | 5,023 | 25,523 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 136,436 | 22,518 | - | 158,954 | 164,793 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
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CARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS
31 December 2022
3. CHARITABLE ACTIVITIES
| . CHARITABLE ACTIVITIES |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Donations and appeals | 23,774 | - | - | 23,774 | 18,279 |
| Mission donations | - | 3,856 | - | 3,856 | 3,825 |
| Organisation income | - | 9,521 | - | 9,521 | 2,786 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 23,774 | 13,377 | - | 37,151 | 24,890 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 4. OTHER TRADING ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Letting of church premises | 5,205 | - | - | 5,205 | 1,266 |
| Other rental income | - | 24,000 | - | 24,000 | 24,000 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 5,205 | 24,000 | - | 29,205 | 25,266 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 5. INVESTMENT INCOME | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Manse land investment account | - | - | 1,227 | 1,227 | 1,181 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| - | - | 1,227 | 1,227 | 1,181 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
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CARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
6. OTHER INCOME
| . OTHER INCOME |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Miscellaneous income | 478 | - | - | 478 | 750 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 478 | - | - | 478 | 750 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
7. RAISING FUNDS
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| WFO | envelopes | 572 | - | - | 572 | 860 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 572 | - | - | 572 | 860 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| . | CHARITABLE ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| General Assembly Assessments | 14,195 | - | - | 14,195 | 14,432 | |
| Presbytery fees | 877 | - | - | 877 | 669 | |
| Ministry and support staff costs | 73,326 | - | - | 73,326 | 68,878 | |
| Congregational running expenses | 41,090 | 32,756 | - | 73,846 | 47,996 | |
| Donations to missions/charities | 26,825 | 8,104 | - | 34,929 | 26,090 | |
| Organisation costs | - | 7,553 | - | 7,553 | 1,800 | |
| Governance costs | 520 | - | - | 520 | 540 | |
| ---------- | ---------- | ---------- | --------- | ---------- | ||
| 156,833 | 48,413 | - | 205,246 | 160,405 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- |
8. CHARITABLE ACTIVITIES
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CARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2022
9. OTHER EXPENDITURE
| . OTHER EXPENDITURE |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Bequest account expenditure | 23 | - | - | 23 | 23 |
| Investment account expenditure | - | - | 1,227 | 1,227 | 1,181 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 23 | - | 1,227 | 1,250 | 1,204 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
10. FIXED ASSETS
The congregation owns the Church premises situated at Church Road, Carryduff and the associated fixtures, fittings, plant and machinery. These have an insurance value of £4,479,806. The manse at Manse Gardens, Carryduff has an insurance value of £502,043.
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CARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
11. FUND BALANCES
| Fund | Balance at | Receipts | Payments | Surplus / | Transfer | Balance at |
|---|---|---|---|---|---|---|
| start | (Deficit) | end | ||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| General account | 50,837 | 160,870 | (157,405) | 3,465 | (39,250) | 15,052 |
| Bequests account | 84,206 | 5,023 | (23) | 5,000 | - | 89,206 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 135,043 | 165,893 | (157,428) | 8,465 | (39,250) | 104,258 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted Funds | ||||||
| Mission account | 12,214 | 3,856 | (8,104) | (4,248) | - | 7,966 |
| Graveyard account | 748 | 1,158 | (9,790) | (8,632) | 10,000 | 2,116 |
| Repairs account | (27,089) | 21,360 | (22,966) | (1,606) | 30,000 | 1,305 |
| 29 Church Road account | (88,092) | 24,000 | - | 24,000 | - | (64,092) |
| Organisation accounts | 6,029 | 9,521 | (7,553) | 1,968 | (750) | 7,247 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| (96,190) | 59,895 | (48,413) | 11,482 | 39,250 | (45,458) | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Endowment Funds | ||||||
| Investment account | - | 1,227 | (1,227) | - | - | - |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| - | 1,227 | (1,227) | - | - | - | |
| ---------- | ----------- | ----------- | ----------- | ----------- | ---------- | |
| Total | 38,853 | 227,015 | (207,068) | 19,947 | - | 58,800 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |
18