Castlerock Congregation of the Presbyterian Church in Ireland Financial Statements Year Ended 31" December 2023 NIC. NO. 105337
CASTLEROCK CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) for the year ended 31 December 2023 NIC 105337 Note Unrestrlrted Restrirted Endowment Funds Funds Funds Total 2022 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income 99,276 798 5,600 675 17,740 2,095 1,650 73 117,016 2,893 7.250 747 74,221 3,916 10,920 528 106,349 21.557 127,906 89,585 Sale of Investments Sale of fixed assets Loans Received Total Receipts 106,349 21,557 J 127,906 89,585 Payments Raising funds Charitable activities Investment costs Other Expenditure 635 40,445 69 40,770 704 81,214 642 51,022 110 110 1,057 41,080 40,948 J 82,028 52,721 Purchase of Investments Purchase of fixed assets Loan Repayments 1,800 4,050 6,528 6,528 Total Payments 41,080 47,476 88,556 58,571 Net receipts / {paymentsl Transfers between funds 65,269 (54,249) (25,919) 54,249 39,350 31,014 Net movement in funds Funds brought forward 11,020 37,448 28,330 12,655 39,350 50,103 31,014 19,089 Funds carried fonvard 11 48,468 40,985 89,453 50,103 Page I
CASTLEROCK CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2023 Unrestricted Restrirted Endowment Funds Funds Funds Total 2023 Total 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 37,448 11,020 12,655 28,330 50,103 39,350 19,089 31,014 Bank and Cash at end of year 48,468 40,985 89,453 50,103 Bank & Cash Balances Bank Accounts Cash in Hand 89,453 50,103 89,453 50,103 Flxed Assets- Note 9 2,995,800 2,250,324 Other Assets Investments- Note 10 Gift Aid receivable on donations Enter details of any other assets 20,377 13,224 18,686 13,379 33,601 32,065 7) |-IzLP Approved by the Kirk Session at a meeting on [en*eW and signed on its behalf by Name ss H. M¢ seAfiRAJ Name LL/ Date Date |-Iz Page 2
CASTLEROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 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 to prepare its accounts on a receipts and payments basis, in accordance with the provisions in The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. 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 la) 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 congregatlon for use in the future. DONATIONS AND LEGACIES Unre5trlcted Restrlrted Funds Funds Endowrnent Funds Total 2023 Total 2022 Recorded givin8 Loose collections Donations and gifts GiftAid Legacies and bequest 49,439 1,402 12,106 1,473 280 3.881 61,545 2,875 280 12,316 40,000 54,599 2,842 4,080 12,700 8,435 40,000 99,276 17,740 117,016 74,221
CASTLEROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THEACCOUNTS 31 December 2023 CHARITABLE AcfiviTIES Unreslrfcted Funds Restrlrted Endowment Funds Funds Total 2022 Totsl 2023 Income from charitsble activities Fees from weddings and funerals Fundraising events 798 798 360 150 3,406 2,095 2,095 798 2,095 2,893 3,916 OTHER TRADING ACTIVITIES Unrestrfcted Funds Restrlcted Endowment Funds Funds Total 2022 Totsl 2023 Trading income 5,600 1.650 7,250 10,920 5,600 1,650 7,250 10,920 INVESTMENT INCOME Unrestrlrted Funds Restrlcted Endowment Ful5 Funds Total 2023 Total 2022 Bank interest General Investment Fund 133 542 133 615 68 460 73 675 73 747 528
CASTLEROCK CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCour5 (convd) 31 December 2023 RAISING FUNDS Unrestrlrted Funds Re5trirted Endowment Fund5 Funds Total 2022 Total 2023 FWO envelopes Fundraising events 635 635 69 642 69 635 69 704 642 CHARfTABLE AcrivmES Unrestrirted Funds Restricted Endowment Funds Funds Totsl 2022 Total 2023 General Assembly Assessments Presbytery fees Ministry and sUPPOrt staff costs Premises Costs Congregational running expenses Repairs and Maintenance Donations to Missions and charities Governance costs 4,491 334 19,510 10,028 4,790 1,042 4,491 334 19,510 10,028 5,043 34,234 7,325 250 4,709 307 14,120 7,785 1,743 13,523 8,585 250 252 33,192 7,325 250 40,445 40,770 81,214 51,022 Page 5
CASTLEROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Iconvd) 31 December 2023 OTHER EXPENDITURE Unrestricte Restricted Endowme d Funds Funds nt Funds Total 2023 Total 2022 Loan Interest Other Expenditure 110 110 487 570 110 110 1,057 FIXED ASSErs The congregation owns the Church premises situated at 32 Circular Road, Castlerock, Coleraine BT514XA and the Church Manse at 12 Islay Court, Castlerock BT514PZ together with the associated fixtures, fittings, plant and machinery. These have an Insurance value of:_ Main Church Building West Wing Annex Church Manse 1,626,748 736,478 632,574 2,995,800 10. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 Endowment Funds General Investment Fund Other investments 20,377 18,686 20,377 18,686 Fund Summary of Investments General Funds Stipend Building Fund Grave Maintenance Sunday School United Appeal 14,033 12,869 1,506 1,381 2,306 2,114 546 501 1,120 1,027 866 794 20,377 18,686
CASTLEROCK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNT5 Iconvd) 31 December 2023 ii. FUND BALANCES Fund Balance at start Surplus I (Deficit) Balance at end Receipts Payment Transfer Unrestricted Funds General Fund 37,448 106,349 41.080 65,269 154,249} 48,468 37,448 106,349 41,080 65,269 {54,249) 48,468 Restrirted Funds Building Fund United Appeal Moderator's Appeal Boom Foundation pw 8,758 14,126 3,519 250 445 3,218 39,281 5.525 250 450 1,971 {25,155) (2,006) 52,238 2,006 35,841 {5) 1,247 3,897 5,144 12,655 21,558 47,477 125,919) 54,249 40,985 TOTAL CASH FUNDS 50,103 127,907 88,557 39,350 89,453 Page 7