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
Ful￿5
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 ACCou￿r5 (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