GRANGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023
| 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 actvities 8 Investment costs Other 9 Purchase of Investments Purchase of Fixed Assets Loan Repayments Total Payments Net receipts/(payments) Transfers between funds Net movement in funds Funds Brought Forward Funds Carried Forward 12 |
Unrestricted Restricted Endownment Total Total funds Funds Funds 2023 2022 £ £ £ £ £ 66867 18348 0 85215 88296 0 1653 0 1653 157 9582 0 0 9582 1476 480 11 0 491 300 21 0 0 21 19 |
|---|---|
| 76950 20012 0 96962 90248 0 0 0 0 0 0 0 0 0 146 0 0 0 0 0 |
|
| 76950 20012 0 96962 90394 |
|
| 396 0 0 396 396 44492 31147 0 75639 60111 0 0 0 0 0 0 0 0 0 0 |
|
| 44888 31147 0 76035 60507 35000 0 0 35000 0 0 0 0 0 0 0 0 0 0 0 |
|
| 79888 31147 0 111035 60507 |
|
| -2938 -11135 0 -14073 29887 -32 32 0 0 0 -2970 -11103 0 -14073 29887 137032 31383 4582 172997 143110 |
|
| 134062 20280 4582 158924 172997 |
GRANGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023
| Funds Reconciliation Bank and Cash at start of Year Net Movement in funds Bank and Cash at end of Year Bank and Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand Other Assets Fixed Assets - Note 10 - Church Premises - Fixtures, Fittings & Equipment - Vehicles Investments - Note 11 Gift Aid Receivable on donations Liabilities Loans Others |
Unrestricted Restricted Endownment Total Total funds Funds Funds 2023 2022 £ £ £ £ £ 137032 31383 4582 172997 143110 -2970 -11103 0 -14073 29887 |
Unrestricted Restricted Endownment Total Total funds Funds Funds 2023 2022 £ £ £ £ £ 137032 31383 4582 172997 143110 -2970 -11103 0 -14073 29887 |
|---|---|---|
| 134062 20280 4582 158924 172997 |
||
| 40000 0 118754 172839 170 158 |
||
| 158924 172997 |
||
| 0 0 3419364 3176055 0 0 0 0 36732 1589 0 0 |
||
| 3456096 3177644 |
||
| 0 0 0 0 |
||
| 0 0 |
Approved by the Kirk Session at a meeting on 15/10/24 and signed on its behalf by Name: Rev R Agnew Name: Mr J Harris Date: 15/10/24 Date: 15/10/24
GRANGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
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 Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis.
FUND ACCOUNTING
Endownment funds are funds the capital of which must be retained either permanently or at the congregation's discretion; the income derived from the endownment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endownment was established in the first place.
Restricted funds comprise (a) income from endownments 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 unspend balances, interest on their pooled investment is apportioned to the 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.
2. DONATIONS AND LEGACIES
| Recorded Giving Loose Collections Donations and Gifts Gift Aid Legacies and Bequest 3. CHARITABLE ACTIVITIES Income from charitable activities Fees from wedding and Funerals Fundraising events Membership Fees Grants |
Unrestricted Restricted Endownment Total Total funds Funds Funds 2023 2022 £ £ £ £ £ 51668 13740 0 65408 64665 1409 1630 0 3039 2658 1208 303 0 1511 5677 12082 2675 0 14757 15031 500 0 0 500 265 |
|---|---|
| 66867 18348 0 85215 88296 |
|
| Unrestricted Restricted Endownment Total Total funds Funds Funds 2023 2022 £ £ £ £ £ 0 130 0 130 43 0 1440 0 1440 70 0 0 0 0 0 0 83 0 83 44 0 0 0 0 0 |
|
| 0 1653 0 1653 157 |
GRANGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
4. OTHER TRADING ACTIVITIES
| Letting of premises Trading Income 5. INVESTMENT INCOME Deposit Interest General Investment Fund Rents Investment properties Other investment income 6. OTHER INCOME Insurance claims Other Income 7. RAISING FUNDS Cost of FWO Envelopes Fundraising Events |
Unrestricted Restricted Endownment Total Total funds Funds Funds 2023 2022 £ £ £ £ £ 9434 0 0 9434 1476 148 0 0 148 0 |
|---|---|
| 9582 0 0 9582 1476 |
|
| Unrestricted Restricted Endownment Total Total funds Funds Funds 2023 2022 £ £ £ £ £ 446 11 0 457 265 34 0 0 34 35 0 0 0 0 0 0 0 0 0 0 |
|
| 480 11 0 491 300 |
|
| Unrestricted Restricted Endownment Total Total funds Funds Funds 2023 2022 £ £ £ £ £ 0 0 0 0 0 21 0 0 21 19 0 0 0 0 0 |
|
| 21 0 0 21 19 |
|
| Unrestricted Restricted Endownment Total Total funds Funds Funds 2023 2022 £ £ £ £ £ 396 0 0 396 396 0 0 0 0 0 0 0 0 0 0 |
|
| 396 0 0 396 396 |
GRANGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
8. CHARITABLE ACTIVITIES
| General Assembly Assessments Presbytery Fees Ministry and Support Staff Costs Congregational running Expenses Donations to Missions and Charities Governance Costs 9. OTHER EXPENDITURE |
Unrestricted Restricted Endownment Total Total funds Funds Funds 2023 2022 £ £ £ £ £ 5463 0 0 5463 3847 253 0 0 253 198 22438 280 0 22718 26713 15714 15192 0 30906 15043 224 15675 0 15899 13960 400 0 0 400 350 0 0 0 0 0 0 0 0 0 0 |
|---|---|
| 44492 31147 0 75639 60111 |
|
| Unrestricted Restricted Endownment Total Total funds Funds Funds 2023 2022 £ £ £ £ £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 0 0 0 0 0 |
10. FIXED ASSETS
The congregation owns the Church premises and Manse situated at Taylorstown Road, Toomebridge and the associated fixtures, fittings, plant and Machinery. These have an insurance value of £3,419,364
11. INVESTMENTS
| General Investment Fund Property Other Investments |
2023 2022 £ £ 1732 1589 0 0 35000 0 |
|---|---|
| 36732 1589 |
GRANGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
12. FUND BALANCES
| Fund Unrestricted Funds No1 Account Craigmore Restricted Funds No2 Account Manse Moldova Mission Presbyterian Orphan Soc Earl Haig tear fund Youth Club Bowling Club Christian Endeavour PW Sunday School Hope and a Future Recipe Book 350th Anniversary service Endownment Funds Nicholl Bequest JJ Rainey Bequest JJ Rainey Bequest - Sunday school General Investment John Montgomery Memorial Total |
Balance Receipts Payment Surplus/ Transfer Balance at start (Deficit) at end £ £ £ £ £ £ 133224 73538 78476 -4938 -32 128254 3808 3412 1412 2000 0 5808 0 0 |
|---|---|
| 137032 76950 79888 -2938 -32 134062 |
|
| 16434 10262 19362 -9100 0 7334 10000 0 0 0 0 10000 0 0 0 0 0 0 0 4935 5047 -112 112 0 0 1224 1224 0 0 0 0 181 181 0 0 0 2 1759 1759 1 0 3 1126 223 121 102 -80 1148 0 0 0 0 0 0 0 0 0 0 0 0 707 1243 1308 -65 0 642 1089 185 120 65 0 1154 0 0 0 0 0 0 0 0 0 0 0 0 2025 0 2025 -2025 0 0 |
|
| 31383 20012 31147 -11135 32 20280 |
|
| 1000 0 0 0 0 1000 1000 0 0 0 0 1000 1019 0 0 0 0 1019 1019 0 0 0 0 1019 544 0 0 0 0 544 |
|
| 4582 0 0 0 0 4582 |
|
| 172997 96962 111035 -14073 0 158924 |