GLENWHERRY CONGREGATION OF THE PREs8ERlAN CHURCH IN IRELAND STA.TEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNT) FOR YEAR ENDED 31 DECEMBER 2022 NOTE UNRESTRICTED FUND5 RESTRICTED FUNDS TOTAL 2022 TOTAL 2021 Receipts Donations & legacies Cha ritable activities Investment income Other income Total receipts 93,729 575 712 8,068 103,084 13,503 13,622 107,232 14,197 714 8,068 130,211 100,889 10,529 680 27,127 112,098 Payments Raising funds Charitable activities Total payments 684 68,192 68,876 684 105,133 105,817 675 90,741 91,416 36,941 36,941 Net receipts/lpaymentsl Transfers between funds Net movement in funds 34,208 13,2501 30,958 19,8141 3,250 {6,5641 24,394 20,682 24,394 20,682 Reconciliation of funds: Total funds brought forward Total funds carried forward 106,396 137.354 52,066 45.502 158,462 182,856 137,780 158,462 li
GLENWHERRY CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022 UNRESTRICTED RESTRICTED FUNDS FUNDS TOTAL 2022 TOTAL 2021 Funds Reconciliation Total funds brought forward Net movement in funds Total funds carried forward 106,396 30,958 137,354 52,066 16,5641 45,502 158,462 24,394 182.856 137,780 20,682 158,462 Bank & cash balances Bank current accounts 182,856 182,856 158,462 158,462 Other assets Fixed assets - note 8 Investments - note 9 Gift Aid receivable on donations 3,300,225 22,193 14.818 3,337,236 2,544,691 24.181 14,076 2,582,948 Approved by the Kirk Session at a meeting on. .).a nd signed on its behalf by Rev Trevor D Kane Mr B McKinstry io
GLENWHERRY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 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 provision 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 restrirted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (al income from endowments which is to be experlded on5y on the restricted purposes intended by the donor and Ibl 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 congregation for use in the future. DONATIONS & LEGACIES UNRESTRICTED FUNDS RESTRicfED FUNDS TOTAL 2022 TOTAL 2021 Recorded giving Loose collections Donations and gifts Gift Aid 75,028 1,328 5,784 11,589 93,729 10,002 848 899 1,754 13,503 85,030 2,176 6,683 13,343 107,232 77,597 1,886 6,246 15,160 100,889 li
GLENWHERRY CONGREGATION OF THE PRE5BERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 CHARITABLE ACTIVITIES UNRESTRICTED RESTRICTED FUNDS FUNDS TOTAL 2022 TOTAL 2021 Organisation income Fees from weddings & funerals Grants 575 2,739 3,314 3,524 7,000 3,883 13,622 7,000 3,883 14,197 2,600 4,405 10,529 575 INVESTMENT INCOME UNRESTRICTED RESTRICTED FUNDS FUNDS TOTAL 2022 TOTAL 2021 Deposit interest Investment income Other interest 222 490 224 490 171 474 35 680 712 714 OTHER INCOME UNRESTRICTED RESTRicfED FUNDS FUNDS TOTAL 2022 TOT AL 2021 Received re discrepancies 8,068 8,068 8,068 8.068 12
GLENWHERRY CONGREGATION OF THE PRESBERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 RAISING FUNDS UNRESTRicfED RESTRICTED FUNDS TOTAL 2022 TOTAL 2021 FUNDS FWO envelopes 684 684 684 675 675 684 CHARITABLE ACTIVITIES UNRESTRICTED FUNDS RESTRICTED TOTAL TOTAL 2021 FUNDS 2022 General Assembly Assessments Presbytery fees Ministry & support staff costs Congregational running expenses Donations to missions & cha rities Governance costs 9,862 376 9,862 376 15,481 519 8,315 8,315 30,190 35,523 35,761 71,284 36,247 12,856 1.260 68,192 1,180 14,036 1.260 105,133 7,104 1,200 90,741 36,941 13
GLENWHERRY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNT5 31 DECEMBER 2022 FIXED ASSETS The congregatlon owns the Church building, Church Hall, Mlnor Hall and a Manse, and the associated fixtures, fittings, plant and machinery. These have a combined insurance value of £3,300,22512021- £2,544,691). INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation.. 2022 2021 PCI Shares General Investment Fund 22,193 22,193 24,181 21,089 14
GLENWHERRY CONGREGATION OF THE PRESERlAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 io FUND BALANCES FUND BALANCE RECEIPTS PAYMENTS TRANSFER SURPLUSI BALANCE AT START DEFICIT AT END Unrestricted funds General account 106,396 106,396 103,084 103,084 68,876 68,876 {3,2501 13,250} 30,958 137,354 30,958 137,354 Restricted funds Building & repair fund Presbyterian Women PW Catering Boys, Brigade Sunday School Laos Account G irls, Brigade 36,537 265 5,976 3,815 1,233 3,430 810 52,066 18,926 1,092 20,338 1,211 4,776 3,000 280 11,4121 (1191 14,7761 1151 35,125 146 1,200 3,800 1,238 3,430 563 45,502 1,735 285 1,250 5,089 27,127 7,336 36,941 2,000 3,250 (2471 (6,5641 Tota I 158,462 130,211 105,817 24,394 182,856 15
GLENWHERRY CONGREGATION OF THE pREsBER1AN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 11 RELATED PARTY TRANSACTIONS One of the trustees, the minister of the congregation received remuneration of E6,326 and expenses of £1,252 for acting in that capacity. Pension contributions of £1,518 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme120091. None ofthe other trustees received any remuneration or expenses during the year in connection with their duties. During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity. £9,862 for congregational assessments £7,030 towards the United Appeal There were no other related party transactions. 16