Presbyter an DONAGHEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACtJVlTY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restricted Endowmerrt Funds Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Othertrading activities Investment Income Other 69,049.51 1,778.78 110.00 578.48 200.00 20,524.48 271.00 6,000.00 682.53 89,573.99 2.049.78 6,110.00 1,261.01 200.00 54.721.82 311.40 6,000.00 225.83 Sale of Investments Sale of fixed assets Loans Received Total Receipts 71,716.77 27,478.01 0.00 99,194.78 61,259.05 Payments Raising funds .•rharitable activities tnvestment costs Other (investment) 716.00 65,084.15 20,118.80 20,000,00 Purchase of Envestments Purchase of fixed asset5 Loan Repayments Total Payments 65,800.15 40,118.80 105,918.95 53,259.64 Net recetpts / Ipayments) Transfers between funds 5,916.62 -12.640.79 -6,724.17 7,999.41 Net movement in funds Funds brought forward 5,916.62 110,898.86 -12,640.79 75,851.00 0.00 -6,724.17 186,749.78 7,999.41 178,750.37 Funds carried forward 12 116,815.48 63,2 10.21 0.00 180,025.61 186.749.78 STATEMENT OF ASSETS AND LIABIUTIES As at 31 December 2023 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Funds Reconciliation Bank and Cash atstart of year Net movement in funds 110.898.86 5,916.62 75,851.00 -12,640.79 0.00 186,749.86 -6,724.17 178,750.45 7,999.41 o.Ix) Bank and Cash at erid of year 116,815.48 63,210.21 0.00 180,025.69 186,749.86 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 54,305.19 125,720.42 53,621.00 133,129.00 180.025.61 186,750.00 11
Presbyter an Other Assets Fixed Assets Church Premises inc Fixtures, Fittings & Equipment 10 3,492.792.00 3.492,792.00 Vehicles Investments Gift Aid receivable on donations 11 20.000.00 8,468.20 0.00 8,544.20 Liabilities Loans Other Approved by the Kirk Sessron at a meeting on 13102/2024 and signed on its behalf by Rev Robert Orr Mr Ernest Colhoun 12
an DONAGHEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREIAND NOTES TO THE ACCOUNTS 31st December 2023 l. Accounting Policies BASIS OF FINANCIAL sfATEMEp¥rs As the total income of the congregat(on is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments ba515. FUND ACCOUNTING Endowment fund5 are fund5, the capital of which must be retained either permanently or atthe congregation's discretion; the income derived from the endowment is to be used either as restricted or unrestrirted income funds depending upon the purpose for which the endowment was established in the first pla. Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purpose5 intended by the donor and Ib) revenue donations or grants for a specÉfic congregatÈonaJ activity intended by the donor. Where these funds have unspent balances, interest on thetr pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are Fncome funds which are to be spent on the congregatton's general purposes. Designated funds are general ftjnds set aside by the congregation for use in the future. 2. DONATIONS AND LEGACIES Unrestricted Funds Restrirted Endowment Funds Funds Total 2023 Total 2022 Recorded giving= Loose collections Donations and gÉfts Gift Aid Legacse5 and bequest 30,260.81 320.50 7,055.72 279.26 L713.00 1,476.50 10,000.00 37,316.53 599.76 1,713.00 9,944.70 40,000.00 44,966.85 385.47 825.30 8,544.20 0.00 8,468,20 30,000.00 69.049.51 20,524.48 0.00 89,573.99 54,721.82 DONAGHEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TOTHE ACCOUNTS 31st December 2023 3. CHARITABLE AcnviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Income from charitable 3rtivities Fees from weddings and funorals Fundraising events Membership fees Grants 2.019.78 30.00 2,049.78 644.00 0.00 0.00 2.019.78 30.00 0.00 2.049.78 644.00 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Letting of premises Trading income 110.00 6,000.00 6.110.00 0.00 6,000.00 110.00 6,000 00 6,110.00 6,000.00 5. INVESTMETif INCOME Unrestricted Fund5 Restricted Endowment Funds Funds Total 2023 Totsl 2022 Deposit interest General Investment Fund Rents investment properties 578.48 510.98 1,089.46 0.00 119.64 0.00 13
Presbyter an 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 General Investment Fund Property Other investments 20,000.00 20,000.00 12. FUND BALANCES Balante at start Fund Receipts Payment Surplus / ( Deficit} Balance at end Transfer Unrestritted Funds General Fund 100,836.00 72,481.00 63,610.00 8,871.00 -3,402.00 106,305.00 100,836.00 72,481.00 63,610.00 8,871.00 -3,402.00 106,305.00 Restricted Funds Inited Appeal Jabbath School A/C Choir A/C Renovation & Repair A/C PW A/C Bowls A/C Youth & Mini Club A/C John Bailey Investment Fund Pastoral Assistance Fund Re-investment fund Mccrea Clarke Sale of old Church site M Hall Mr H Sheerin Mrw Dunn 0.00 1,286.59 289.93 31,479.64 408.23 831.19 3,887.18 20,000.00 20,860.88 735.00 2,164.00 10,899.26 0.00 7,086.98 330.00 247.00 0.00 0.00 4,500.00 4,816.(Kl 749.49 0.00 14,679.67 169.98 380.14 24.00 20,000.00 0.00 -2,652.OQ 10,149.77 2.652.00 0.00 5.60 11,441.96 289,93 1,476.50 25,363.45 3.00 571.25 698.05 3,863.18 -7,592.69 160.02 -133.14 -24.00 -20,000.00 4,500.00 0.00 25,360.88 -735.00 12.00 4,029.00 1,001.00 1,093.00 1.00 5.00 8.00 4,029.00 1,001.00 1,093.00 0.00 0.00 0.0 0,00 0.00 0.00 85,913.64 25,228.24 40.824.28 -15,596.04 3,402.10 73.719.70 186,749.64 97.709.24 104,434.28 -6.725.04 0.10 180,024.70 Endowment Funds Total 186,749.64 97.709.24 104,434.28 -6,725.04 0.10 180,024.70