GLENARM CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Paments Account) for the year ended 31st December 2023 Note Unrestricted Funds Restricted Funds EndowmÈnt Funds Total 2023 Total 2022 Recei Donations and legacies Charitable activities Other trading activities Investment Income Other 21,469 21.236 42,705 29,088 13 1,341 22,823 17 1,775 44,496 433 21,673 1,392 30,488 Sale of investments Sale of fixed a55ets Loans received Total Recel ts 22,823 21,673 44.496 30.488 Pa ments Raising funds Charitable activities Investment cost5 Other 153 23,319 153 31,306 150 25.513 7.987 23,472 7,987 31,459 25,662 Purchase of investments Purchase of fixed assets Loan repayments Total Pa ments 23,472 7.987 31,459 25,662 Net receipts / Ipaymentsl Transfer between funds 16491 13.686 13,037 4,826 Net movement in funds Funds brought forward 16491 50,761 13,686 31,711 13,037 82,471 4,826 77,646 Funds carrSed forward 12 50,112 45,397 95,509 82,471
GLENARM CONGREGATION OF THE pRE5BERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITY As at 31st December 2023 Unrestricted Funds Restricted Funds Endowment Fund5 Total Fund5 2023 Total Funds 2022 Funds reconciliation Bank and Cash at start of year Net movement in funds 50,761 16491 31,711 13,686 82,471 13,037 77,646 4,826 Bank and Cash at end of year 50,112 45,397 95,509 82,471 Bank and Cash Balances Bank Deposit Account5 8ank Current Accounts Cash in Hand 95,509 82.471 95.509 82,471 Other Assets Fixed Assets - Note 10 Investments - Note 11 Gift Aid receivable on donations 3.661 4.150 3.661 4,150 Liablitles Loans Approved by the Kirk Session at a meetinE on and signed on its behalf by.. Trustee Date.. 11412LI Trustee Date..
GIENARM CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31st December 2023 I. 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 provision5 in The Charities {Acounts and Reports Regulations INorthern Ireland) 2015 to prepare its accounts on a receipts and payment5 basi5. FUND ACCOUNTING Endowment funds are fuFid5. 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 wa5 established in the first place. Restricted funds comprise lal income f rom endowments which is to expended only on the restricted purposes intended bv the donor and Ibl revenue donations or grants for 3 specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual fund5 on an average balance basis. Unrestricted funds 3re incorne 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 Funds Restricted Funds Endowment Fund5 Total Funds 2023 Total Funds 2022 Recorded givin8 Loose collections Donations and gifts Gift Aid Legacies and bequests 11,463 3,164 2,692 4,150 420 1,2 12 18,444 1,160 11,883 4,376 21,136 5,310 15,459 1,959 7,364 4,306 Total 21,469 21,236 42,705 29,088
GLENARM CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31st December 2023 3. CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2023 Total Funds 2022 Income from charitable activities Fees from weddings and funerals Fundraising event5 Membership fees Grants received Total 4. OTHER TRADING A1VITIES Unrestrirted Funds Restrlcted Funds Endowment Fund5 Total Funds 2023 Total Funds 2022 Letting of premises Trading income Total 5. INVESTMENT INCOME Unrestricted Funds Restrlcted Funds Endowment Funds Total Funds 2023 Total Funds 2022 Deposit interest General Investment Fund Rents investment properties Other investment income 13 17 Total 13 17
GLENARM CONGREGATION OF THE pRE5BERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'dl 315t December 2023 6. OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Totsl Funds 2023 Total Funds 2022 Insurance claims Other income 1,341 433 1,775 1,392 Total 1,341 433 1,775 1,392 7. RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Totsl Funds 2023 Totsl Funds 2022 FWO envelopes Fundraising events 153 153 150 Total 153 153 Iso 8. CHARITABLE AcfiviTIE5 Unrestricted Funds Restricted Funds Endowrnent Funds Total Funds 2023 Totsl Funds 2022 General Assembly Assessments Presbytery Fees Ministry and support staff costs Congregational running expenses Donations to Missions and Charities Governance costs 1,42 1 95 14,319 6,662 822 1,421 95 14,319 14,649 822 1,285 98 13,496 10,264 370 7,987 Total 23,319 7,987 31,306 25,513
GLENARM CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNT5 (cont'd) 31st December 2023 9. OTHER EXPENDITURE Unrestricted Fund5 Restricted Funds Endowment Funds Total Fund5 2023 Total Funds 2022 Investment properties expenses Total 10. FIXED ASSETS The congregation assets consist of a manse located on The Cloney in Glenarm (insurance valuation £387.3221 and the church building and halls on Alimore Street, Glenarm (insurance valuation £994,254) 11. INVESTMENTS 2023 2022 Details of the investment as at 31112123 Total
GLENARM CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'dl 31st December 2023 12. FUND BAiANCES Balance at stsrt Recespts Payments Surplus I (Defitltl Transfer Balance at end Unrestricted Funds General Account 50,761 22,823 23.472 16491 50,112 Total 50,761 22.823 23,472 16491 50,112 Restrlcted Funds Property Fund Sunday School Luncheon Club 30,900 321 490 20,726 6.765 13,961 44,861 324 212 943 1,222 12781 Total 31,711 21,673 7,987 13.686 45,397 Endowment Funds Bequp%t Fund Total Total 82,471 44,496 31,459 13,037 95,509