MA(SHUIA6ALL PRESBVr£RIAN CHURCH CHARITY REGISTRATION NO. NICI 05328 STATEMEKf OF FINANCIAL AcfiviTIES YEAR END£D 31 DECEMBER 2022
MAGHERAGALL PRESBYTERIAN CHURCH Statement of Flnanclal Actlvltles Year ended 31 December 2022 Recelpts and poyments account Note Restrlcted Unrestrlcted 2022 2021 Income from: Donations and legacies 58,180 75,213 133,393 148,127 Investments 840 1,461 2,301 2,093 Other source5 60 3,505 3,565 485 Total Income 59,080 80,179 139,259 150,705 Expendlture on: Charitable activities Establishment costs Capital projects Investments 28,898 11,991 84,910 113,808 11,991 110,828 3,190 2,491 3,000 3,000 Total expendlture 43,889 84,910 128,799 116,509 Net movement In the year 15,191 (4,731) 10,460 34,196 Transfers between funds 225 1225) Bank and cash balances brought forward 34,292 1,526 35,818 1,622 Bank and cash balances carrled forward 49,708 (3,430) 46,278 35.818
MAGHERAGALL PRESBYTERIAN CHURCH Notes to Recelpts and Payments Account Year ended 31 December 2022 l. Accountlng basls The Trustees have elected to prepare the accounts on a receipts and payrnents basis in accordance with the provisions in The Charities Accounts and Reports Regulations (Northern Ireland) 2015. All amounts are recorded in sterling. 2. Donatlons and legacles Restricted Unrestricted 2022 2021 Donated for capital costs Donated for charitable activities 32,372 Donated for establishment costs 25,808 Legacy- Rev R D Larmour dec'd 38,649 109,478 74,213 106,585 25,808 1,000 1,000 1,000 58,180 75,213 133,393 148,127 Donations include the cttoching gift old tox, where applicoble 3. Investment Income Restricted Unrestricted 2022 2021 Dividends Interest 840 1,434 27 2,274 27 2,075 18 840 1,461 2,301 2,093 4. Other Income sources Restricted Unrestricted 2022 2021 Graveyard Publications Rents Sundry 2,775 210 425 95 2,775 210 485 95 350 60 85 50 60 3,505 3,565 485 5. Charltable actlvltles Restricted Unrestricted 2022 2021 Donations to Missions and other charities Sunday school costs United Appeal Ministerial costs Central assessments Organisations expenditure Other running costs 11,017 139 4,924 11,017 139 6,791 44,310 16,155 12,7S8 22,638 17,293 169 6,340 43,713 15,600 11,884 15,829 1,867 44,310 16,155 12,758 60 22,578 28,898 84,910 113,808 110,828
MAGHERAGALL PRESBYfERIAN CHURCH Notes to Recelpts and Payments Account Year ended 31 December 2022 All the charitable activities undertaken are those of a Presbyterian Church in Ireland and for the public benefit. 6. Establlshment costs 2022 2021 Repairs and maintenance- Hall Repairs and maintenance- Church Repairs and maintenance- Manse 10,561 1,346 84 1,386 1,502 302 11,991 3,190 2022 2021 7. Capltal costs New hall facility 2,491 The capitol project was completed in 2021 2022 2021 8. Investment addltlons 251 shares in PCI General Investment Fund 3,000 9. Transfers between funds Transfers made in order to ensure that no restricted fund is in deficit at the year end. 10. Hxed Assets The congregation owns the undernoted property: All the church property situated at School Lane, Upper Ballinderry, Lisburn, 8T28 2NT including all fixtures, fittings, plant and equipment. Manse, outbuildings, grounds and land at 102 Glena Road, Lisburn, BT28 3XD Small portion of land at Tansy Road, Upper Ballinderry, Lisburn, currently leased to Tansy Mission Hall at a peppercorn rent. These assets have an insured value of £3,241,92712021: £3,015,747).
MAGHERAGALL PREsBERIAN CHURCH Notes to Recelpts and Payments Account Year ended 31 December 2022 11. Investments The congregation has the following investments, shown at market valuation: 2022 2021 PCI General Investrnent Fund Other 99,295 363 104,830 367 99,658 105,197 Restricted Unrestricted 41,207 58,451 44,898 60,299 99,658 105,197 £3,000 was invested in PCI General Investment Fund during the yeor
MAGHERAGALL PRESBYTERIAN CHURCH Statement of Assets and Uabllitles Year ended 31 December 2022 Bank and cash balances 2022 2021 Bank deposit accounts Bank current accounts Cash in hand 12,715 32,720 843 34,218 25,697 638 46,278 60,553 {24,735) Bank loans 46,278 35,818 Other assets Fixed assets- Note 10 Investments- Note 11 3,241,927 99,658 3,015,747 105,197 3,341,585 3,120,944 Llabllltles There are no liabilities The Receipts and Payments Account and Statement of Assets and Liabilities were approved at a meeting of Trustees of the charity on 19th April 2023 and authorised for issue. Rev A A Mccullough Chairperson A l Mccull Treasurer