GLENARM CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Parnents Account) for the year ended 31st December 2022 Note Unrestricted Fund5 Restricted Fund5 Endowment Fund5 Total 2022 Total 2021 Recei Donations and le8acies Charitable activities Other trading activities Investment Income Other 21518 7,569 29,088 28,030 15 2,384 30,428 1,392 22,918 1,392 30,488 7,570 Sale of investments Sale of fixed assets Loans received alR 22,918 7,570 30,488 30,428 Raising funds Charltable activities Investment costs other Iso 20,047 150 25,513 138 20,972 5,466 20,197 5,466 25,662 21,109 Purchase of investments Purchase of fixed assets Loan repayments 20,197 5,466 25,662 21,109 Net receipts / Ipaymentsl Transfer between funds 2,722 2,104 4,826 9,319 Net movement in funds Funds brought forward 2,722 48,039 2,104 29,607 4,826 77,646 9,319 68,327 Funds carried forward 12 50,761 31,711 82.471 77,646
GLENARM CONGREGATION OFTHE PRE5BYfERIAN CHURCH IN IRELAND STATEMENT OFASSETS AND LIABILITY As at 31st December 2022 Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2022 Total Fund5 2021 Funds recon Bank and Cash at Start ofyear Net movement in funds 48.039 2,722 29,607 2,104 77.646 4,826 68,327 9,319 Bank and Cash at end of year 50,761 31,711 82,471 77,646 lan Bank Deposit Accounts Bank Current Accounts Cash in Hand 82,471 77,646 82,471 77,646 Fixed A55ets- Note 10 Investments- Note 11 Gift Aid receivable on donations 4,150 4,303 4,150 4,303 Li Loans Approved by the Kirk Session at a meeting on and signed on its behalf by.. OGLLLJ Iw Minister Date: Trustee Date.. 14-Iblii
GLENARM CONGREGATION OFTHE pREsBER1AN CHURCH IN IRELAND NOTES TOTHE ACCOUNTS 31st December 2022 I. ACCOUNTING POLICIE5 BASIS OF FINANCIAL STATEMENTS As the total income of the congregation 15 less than E250,CKIO the congregation have elected in accordance with the provisions in The Charities IAcounts 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 lal income from endowments which is to expended only on the restricted purposes intended by the donor and Ibl 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. Unrestrirted 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 LEGACIE5 Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2022 Total Funds Z021 Recorded giving Loose collectlons Donations and 8ifts Gift Aid Legacies and bequests 14,003 1,959 1,611 3,946 1,456 15,459 1,959 7,364 4,306 15,182 4,428 3,945 4,475 5,753 360 Total 21,518 7,569 29,088 28,030
GLENARM CONGREGATION OFTHE pREs8ERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 31st December 2022 3. CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2022 Total Funds 2021 I ncome from cha ritable activities Fees from weddings and funerals Fundraising events Membership fees Grants received Total 4. OTHER TRAOING AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2022 Total Funds 2021 Lettlng of premises Trading income Total 5. INVESTMENT INCOME Unrestricted Funds Restri¢ted Funds Endowment Funds Total Fund5 2022 Total Funds 2021 Deposit interest General I nvestment Fund Rents investment propertie5 Other investment Income 14 Total 15
GLENARM CONGREGATION OFTHE pRE5BERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 315t December 2022 6. OTHER INCOME Unrestrl¢ted Funds Restrlrted Funds Endowment Funds Total Funds 2022 Total Funds 2021 I nsurance claims Other income 1,392 1,392 2,384 Total 1,392 1,392 2,384 7. RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2022 Total Funds 2021 FWO envelopes Fundraisin8 events 150 150 138 Total 150 150 138 8. CHARITABLE AcfiviTIES Unrestrkted Funds Restrlrted Funds Endowment Fund5 Total Funds 2022 Total Funds 2021 General Assembly Assessments Presbytery Fees Ministry and support staff cosls Congregational running expenses Donations to Missions and Charities Governance costs 1,285 98 13,496 4,798 370 1,285 98 13,496 10,264 370 5,621 90 7,650 6,938 674 5,466 Total 20,047 5,466 25,513 20,972
GLENARM CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'dl 31st December 2022 9. OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2022 Total Funds 2021 Investment properties expenses Total 10. FIXED ASSETS The congregation assets consist of a manse located on The Cloney in Glenarm (insurance valuation £360,299) and the church building and ha115 on Altmore Street. Glenarm (insurance valuation £924,888) 11. INVESTMETrifs 2022 2021 Oetails of the investment as at 31112122 Total
GLENARM CONGREGATION OFTHE pRE5BERIAN CHL*RCH IN IRELAND NOTES TO THE ACCOUNTS {cont'dl 31st December 2022 12. FUND BALANCES Balance at start Receipts Payments Surplus I (Deficltl Transfer Balance at ènd trirted General Account 48,039 22,918 2Q,197 2,722 50,761 Total 48,039 22,918 20,197 2,722 50,761 5trlc Property Fund sunday School Luncheon Club 28,761 320 526 6,405 4,266 2,139 30,900 321 490 1,165 1,200 1361 Total 29,607 7,570 5,466 2,104 31,711 dowm Bequest Fund Total Total 77,646 30,488 25,662 4A26 82,471