Newtowncrommelin Congregation of the Presbyterian Church In Ireland Statement of Financial Activity (Receipts and Payments Account) for the year ended 31st December 2022
| Note Receipts Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investment Income 5 Other 6 Sale of investments Sale of fixed assets Loans received Total Receipts Payments Raising funds 7 Charitable activities 8 Investment costs Other 9 Purchase of investments Purchase of fixed assets Loan repayments Total Payments Net receipts / (payments) Transfer between funds Net movement in funds Funds brought forward Funds carried forward 12 |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 35,069 16,713 - 51,782 37,562 - - - - 920 3834 - 4,754 920 889 - 14 903 1,498 69 - - 69 5,335 |
|---|---|
| 36,947 20,547 14 57,508 45,315 - - - - - - - - - - - - - - - |
|
| 36,947 20,547 14 57,508 45,315 |
|
| 276 - - 276 266 24,786 42,857 0 67643 27586 - - - - - - - - - - |
|
| 25,062 42,857 0 67,919 27,852 - - - - - - - - - - - - - - - |
|
| 25,062 42,857 0 67,919 27,852 |
|
| 11,885 -22,310 14 -10,411 17,463 - - - - - |
|
| 11,885 -22,310 14 -10,411 17,463 51,830 38,755 9,490 100,075 82,612 |
|
| 63,715 16,445 9,504 89,664 100,075 |
Page 1 of 7
Newtowncrommelin Congregation of the Presbyterian Church In Ireland Statement of Financial Activity (Receipts and Payments Account) As at 31st December 2022
| Funds reconciliation Funds balance at start of year Net movement in funds year Bank and Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand Other Assets Fixed Assets - Note 10 Investments - Note 11 Gift Aid receivable on donations Liablities Loans |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2022 2021 £ £ £ £ £ 51,830 38,755 9,490 100,075 82,612 11,885 -22,310 14 -10,411 17,463 |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2022 2021 £ £ £ £ £ 51,830 38,755 9,490 100,075 82,612 11,885 -22,310 14 -10,411 17,463 |
|---|---|---|
| 63,715 16,445 9,504 89,664 100,075 - - 63,542 73,987 24 24 63,566 74,011 - - 26,098 26,064 5,148 5,039 31,246 31,103 - - - - |
||
| 63,566 74,011 |
||
| - - 26,098 26,064 5,148 5,039 |
||
| 31,246 31,103 |
||
| - - |
||
| - - |
Approved by the Kirk Session at a meeting on
Jim Gillan
and signed on its behalf by:
Rev Alastair Beattie
Page 2 of 7
Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts 31st December 2022
1. 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 (Acounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a rec and payments basis.
Fund Accounting
Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretio the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon purpose for which the endowment was established in the first place.
Restricted funds comprise (a) income from endowments which is to expended only on the restricted purposes intended the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where thes 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 general funds set aside by the congregation for use in the future.
2. DONATIONS AND LEGACIES
| Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequests Total |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2022 2021 £ £ £ £ £ 24,327 5,570 - 29,897 29,065 1514 3,693 - 5,207 715 5,380 6,276 - 11,656 3,310 3,848 1,174 - 5,022 4,472 - - - - - |
|---|---|
| 35,069 16,713 - 51,782 37,562 |
Page 3 of 7
Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts (continued) 31st December 2022
3. CHARITABLE ACTIVITIES
| 3. CHARITABLE ACTIVITIES | |
|---|---|
| Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants received Total |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2022 2021 £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - |
| - - - - - |
4. OTHER TRADING ACTIVITIES
| Letting of premises Trading income Total |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2022 2021 £ £ £ £ £ 920 3834 - 4754 920 - - - - - |
|---|---|
| 920 3834 - 4754 920 |
5. INVESTMENT INCOME
| Deposit interest General Investment Fund Rents investment properties Other investment income Total |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2022 2021 £ £ £ £ £ 100 - - 100 138 - - - - - - - - - - 789 - 14 803 1356 |
|---|---|
| 889 0 14 903 1,494 |
Page 4 of 7
Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts (continued) 31st December 2022
6. OTHER INCOME
| Insurance claims Other income Total |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2022 2021 £ £ £ £ £ - - - - - 69 - - 69 5,335 |
|---|---|
| 69 0 - 69 5,335 |
7. RAISING FUNDS
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| FWO envelopes | 276 | - | - | 276 | 266 |
| Fundraising events | - | - | - | 0 | - |
| Total | 276 | - | - | 276 | 266 |
8. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| General Assembly Assessments | 10,066 | - | - | 10,066 | 2,823 |
| Presbytery Fees | 125 | - | - | 125 | 186 |
| Ministry and support staff costs | 7,004 | - | - | 7,004 | 11,738 |
| Congregational running expenses | 5,677 | 20,951 | 0 | 26,628 | 7,569 |
| Donations to Missions and Charities | 1,914 | 21,905 | - | 23,819 | 5,270 |
| Governance costs | - | - | - | - | - |
| Total | 24,786 | 42,856 | 0 | 67,642 | 27,586 |
Page 5 of 7
Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts (continued) 31st December 2022
9. OTHER EXPENDITURE
| Investment properties expenses Total |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2022 2021 £ £ £ £ £ - - - - - |
|---|---|
| - - - - - |
10. FIXED ASSETS
The congregation owns the church building together with the church hall and manse situated at Skerry Road East, Newtowncrommelin and the associated fixtures, fittings, plant and machinery. These have a combined insurance value of £1,855,615
11. INVESTMENTS
| Details of the investment as at 31/12/22 Total |
2022 2021 £ £ 26,098 26,064 |
|---|---|
| 26,098 26,064 |
The Church is the beneficiary of the income from investments held in the name of Wm McAlister Settlement No 2 Trust.
Page 6 of 7
Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts (continued) 31st December 2022
12. FUND BALANCES
| Unrestricted Funds General Acccount Total Restricted Funds Property Fund Mission Fund Sunday School PW Choir Youth Total Endowment Funds Bequest Fund Total Total |
Balance at Receipts Payments Surplus / Balance at Start (Defecit) End £ £ £ £ £ 51,830 36,947 25,062 11,885 63,715 |
|---|---|
| 51,830 36,947 25,062 11,885 63,715 21,972 7,673 20,911 (13,238) 8,734 13,931 9,141 18,470 (9,329) 4,602 1,575 - - - 1,574 889 3,733 3,475 258 1,147 158 - - - 158 230 - - - 230 38,755 20,547 42,856 (22,309) 16,445 |
|
| 9,490 14 0 0 9,504 |
|
| 9,490 14 0 0 9,504 |
|
| 100,075 57,508 67,918 (10,424) 89,664 |
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