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