an MAGHERAMASON CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements For the year ended 31 December 2022 Registered Charity in Northern Ireland (NICIO5376)
an MAGHERAMASON CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022 Note Unrestricted Restricted Endowment Total 2022 Total 2021 Funds Funds Funds Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 81,653 33,242 3,200 114,895 3,200 342 352 556 111,591 2,436 342 249 556 103 489 1554 82.800 36,545 119,345 116,072 Sale of Investments Sale of fixed assets Loans Received Total Receipts 82,800 36,545 119,345 116,072 Payments Raising funds Charitable activities Investment costs 1,179 88,313 1,179 127,541 39,228 108,386 89,492 39,228 128,720 108,386 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 89,492 39,228 128,720 108,386 Net receipts / (payments) Transfers between funds (6,6921 325 (2,683) {3251 (9,375) 7,686 Net movement in funds Funds brought forward 16,367) 76,261 (3.008) 39,836 (9,375) 124,097 7,686 116,411 8,000 Funds carried forward li 69,894 36,828 8,000 114,722 124,097
an MAGHERAMASON CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2022 Total Fund 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 76,261 (6,3671 39,836 {3.008) 8,000 124,097 19,3751 116,411 7,686 Bank and Cash at end of year 69,894 36,828 8,000 114,722 124,097 Bank & Cash Balances Bank Current Accounts Building Society Account Cash in Hand 44,384 69,595 743 54,226 69,346 525 114,722 124,097 Other Assets Fixed Assets- Note 9 Church Premises 4,577,368 4,4,258,016 Investments- Note 10 Investments Gift Aid receivable on donations 185 17,710 228 17,473 4,595,263 4,275,717 Liabilities Loans Approved by the Kirk Session at a meeting on 6 June 2023 and signed on its behalf by Date: 10
an MAGHERAMASON 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 provisions 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 restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise {a) 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 congregation for use in the future. DONATIONS AND LEGACIES Income Unrestrlrted Funds Restrlcted Funds Endowment Funds Total 2022 Total 2021 Recorded giving Loose collections Donations and gifts In Memoriam In Lieu of Flowers Gift Aid Legacies and bequest 63,061 3,119 2,609 17,685 8,651 562 370 1,365 4.609 80,746 11,770 3,171 370 1,365 17,473 82,881 3,821 3,308 610 4,345 16,626 12,864 81,653 33,242 114,895 111,591 11
an MAGHERAMASON CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 CHARITABLE AcfiviTIES income Unrestricted Funds Restricted Funds Endowment Total 2022 Total 2021 Funds Fundraising events 200 200 Grants 3,000 3,200 2,436 3,200 3,200 2,436 4. OTHER TRADING AcfiviTIES income Unrestricted Funds Restrlcted Funds Endowment Total 2022 Total 2021 Funds Letting of premises Ground Rent {NIE Pole) 340 340 342 342 INVESTMENT INCOME Unrestrirted Funds Restricted Funds Endowment Total 2022 Total 2021 Funds Investment interest Bank Interest 100 100 252 165 324 249 249 103 352 489 12
an MAGHERAMASON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 OTHER INCOME Unrestricted Funds Restricted Endowment Total 2022 Total 2021 Funds Funds Cheque Cancelled Periodicals & Calendars Refund Pulpit Supplies 56 296 1,202 506 50 506 50 556 556 1,554 RAISING FUNDS Unrestricted Funds Restricted Endowment Total 2022 Total 2021 Funds Funds FWO envelopes Fundraising events 1,179 1,179 1,179 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Total 2022 Total 2021 Funds Funds General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions & charities Governance costs 15,262 896 52,231 18,724 1,200 15,262 896 52,231 37,861 21,291 15,518 896 48,396 27,950 15,626 19.137 20,091 88,313 39,228 127,541 108,386 13
an MAGHERAMASON CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2022 FIXED ASSETS The congregation owns the Church premises situated at 137 Victoria Road, Magheramason and a manse situated at 139 Victoria Road, Magheramason for the minister and a caretakerfs cottage at 3 Mason Road, Magheramason and the associated fixtures, fittings and equipment. The premises and contents etc. have an insurance value of £4.577,368 10. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2022 2021 Permanent Endowments 185 228 185 228 14
an MAGHERAMASON CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 11. FUND BALANCES Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Fund Unrestricted Funds General Account IName of Fund] 76,261 82,800 89.492 (6,692) 325 69,894 76.261 82,800 89,492 (6,692) 325 69,894 Restricted Funds Manse Property Fund Mission & Charities Boys, Brigade Girls, Brigade Sunday School (Explorers) Bowling Club Parent & Toddler pw Funeral Teas Afternoon Club 3,384 22,578 1,866 1,471 3,102 563 3,236 337 406 2,812 81 2,160 8,574 19,141 670 5,167 651 87 70 1,863 621 224 {2,160) 1,724 1401) 1200) (669) (647) (70) {84) {201 {71) {6211 336 1,224 24,302 1,265 802 2,455 493 3,152 317 635 1,891 292 10,298 18,740 4,520 581 so 1,792 300 1300} {125) 560 39,836 36,545 39,228 (2683) (325) 36,828 Endowment Funds Legacies Bequests 8,000 8,000 8,000 8,000 Total 124,097 119,345 128,720 (9,375) 114,722 15