SECOND KILREA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY {Receipts and Payments Account) for the year ended 31 December 2022 Note Unrestrirted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Receipts Donations and legacies Charitable activities Other trading activities Investment Income 26,216 11,037 20 6,718 1,418 37,253 20 6,718 1,835 54,880 393 3,751 1,893 417 Sale of Investments Sale of fixed assets Loans Received Total Receipts 26,633 19,193 45,826 60,917 Payments Raising Funds Cha ritable activities Other 211 28,309 211 39,135 9,960 357 40,966 14,688 10,826 9,960 Total Payments 28,520 20,786 49,306 56,011 Net receipts / (payments} Transfers between funds (1,887) (504} (1,593) 504 {3,480) 4,906 Net movement in funds Funds brought forward (2,391) 132,541 (1,089) 123,901 (3,480} 4,906 256,442 251,536 Funds carried forward 11 130,150 122,812 252,962 256,442 11
SECOND KILREA CONGREGATION OF THE PRE5BYfERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2022 Unrestricted Funds Restrirted Endowment Total Funds Total Funds Funds Funds 2022 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 132,541 (2,391) 123,901 {1,089) 256,442 {3,480) 251,536 4,906 Bank and Cash at end of year 130,150 122,812 252,962 256,442 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts 170,055 82,907 172,400 84,042 252,962 256,442 Other Assets Fixed Assets- Note 9 Church Premises 1,687,000 1,687,000 Fixtures, Fittings & Equipment Vehicles Investments- Note 10 33.853 33,853 Gift Aid receivable on donations 1,720,853 1,720,853 Liabilities (N/A) {N/A) Approved by the Kirk Session t a meeting on and signed on its behalf by John Mcllr Alastair Rowe 12
SECOND KILREA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {CONT,D) NOTES TO THE ACCOUNT5 31 December 2022 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'5 general purposes. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Recorded giving: Free Will Offering Standing Orders & L005e Donations and gifts Gift Aid 15,212 6,128 970 3,906 15,212 7,589 10,043 4,409 13,128 6,704 30,465 4,583 1,461 9,073 503 26,216 11,037 37,253 54,880 13
SECOND KILREA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 20 20 393 20 20 393 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Letting of premises Trading Income 6,693 25 6,693 25 3,707 44 6,718 6,718 3,751 INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Bank interest General Investment Fund Rents investment properties Other investment income 417 137 554 630 1,281 1,281 1,263 417 1,418 1,835 1,893 14
SECOND KILREA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 FWO envelopes Church BBQ 211 211 208 149 211 211 357 CHARITABLE ACTIVITIES Unrestricted Restrirted Endowment Funds Funds Fund5 Total 2022 Total 2021 General Assembly Assessments Presbytery fees Ministry and support staff cost5 Congregational running expense5 Donations to Missions and charities Governance costs 1,668 139 10,062 5,506 9,134 1,800 1,668 139 10,062 8,832 16,634 1,800 6,622 129 8,670 15,344 8,581 1,620 3,326 7,500 28,309 10,826 39,135 40,966 15
SECOND KILREA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2022 OTHER EXPENDITURE Unrestrirted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Investment properties expenses 9,960 9,960 14,688 9,960 9,960 14,688 FIXED ASSETS The congregation owns the Church and hall premises situated at 69 Maghera Street, Kilrea, Co. Londonderry BT515QL, the Manse, outbuildings and land situated at 40 Blackrock Road, Kilrea, Co. Londonderry BT515XH, along with associated fixtures, fittings, plant and equipment. These currently have an insurance value of £1,294,000 and £393,000 at last renewal date. 10. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2022 2021 General Investment Fund 15,541 15,541 Other Investments 18,312 18,312 33,853 33,853 16
SECOND KILREA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 11. FUND BALANCES Fund Balance Receipts Payment Surplus / Transfer Balance at at start {Deficit) end Unrestricted Funds Danske Bank No l a/c First Trust a/c Progressive Building Society 80,360 26,422 28,520 {2,0981 1504) 77,758 52,180 211 211 52,391 132,541 26,633 28,520 (1,8871 {5041 130,150 Restrlcted Funds Danske Bank No 2 a/c (Property) Danske Bank Deposit (Prop) Danske Bank Deposit (Prop) First Trust Bank Deposit (Prop) Danske Bank Deposit (Dividends) Danske Bank Manse Rental Danske Bank Kennedy Adams Danske Bank Sunday School Danske Bank PW Danske Bank PW Catering United Appeal IDB No l a/cl WDA {DB No l a/cl Moderators Appeal (DB No l a/cl Children's Society IDB No l a/c) Friendship Group IDB No l a/c) Tear Fund Appeal IDB No l a/cl Mums & Tots IDB No l alc) Royal British Legion (DB No l a/cl 3,311 11,645 34,829 25,690 25,871 10,259 7,810 961 1,348 1,807 3,399 17 53 13 1,314 6,011 702 2,501 898 17 53 13 1,314 13,878) 601 1146) 1200) (330) 504 4,713 11,662 34,882 25,703 27,185 6,381 8,411 815 1,148 1,477 9,889 101 147 1,462 330 3,173 30 1,220 770 106 855 177 25 1,262 3,173 30 1,220 770 120 855 228 25 264 264 106 14 120 51 51 123,901 19,193 20,786 (1,5931 504 122,812 Total Cash Funds 252 962 17
SECOND KILREA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2022 11. FUND BALANCES (convd) Balance at start Receipts Payment Surplus/ Transfer Deficit Balance at end Total Cash Funds fwd 256,442 45,826 49,306 {3,480) 252,962 Investment Funds PCI Gen Investment Fund 4.250A Treasury Stock 11,790 18,023 335 660 335 660 (335) (6601 11,790 18,023 Endowment Fund5 PCI Gen Investment Fund 4.25% Treasury Stock 3.751 289 168 119 168 119 1168) {119) 3,751 289 33,853 1,282 1,282 11,282) 33,853 Total 290,295 47,108 49,306 (2,198) (1,282) 286,815 18