ARMOY CONGREGATION OF THE PRE5BERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNT) FOR YEAR ENDED 31 DECEMBER 2022 NOTE UNRESTRICTED RESTRICTED TOTAL TOTAL 2021 FUNDS FUNDS 2022 Receipts Donations & legacies Charitable activities Investment income Total receipts 36,659 198 344 37,201 10,850 16,030 16 26,896 47,509 16,228 360 64,097 39,615 9,995 331 49,941 Payments Raising funds Charitable activities Total payments 492 27,591 28,083 492 55,649 56,141 445 40.316 40,761 28,058 28,058 Net receipts/lpaymentsl Transfers between funds Net movement in funds 9,118 (1,1481 7,970 {1,162) 1,148 1141 7,956 9,180 7,956 9,180 Reconciliation of funds: Total funds brought forward Deduct non cash/bank related endowment funds Total funds carried forward 78,094 14,657 92,751 83,571 86,064 14,643 100,707 92,751
ARMOY CONGREGATION OF THE PRESBER1AN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2021 UNRESTRICTED RESTRICTED FUNDS FUNDS TOTAL 2022 TOTAL 2021 Funds Reconciliation Total funds brought forward Net movement in funds Deduct non cash/bank related endowment funds Total funds carried forward 78,094 7,970 14,657 1141 92,751 7,956 83,571 9,180 86,064 14,643 100,707 92,751 Bank & cash balances Bank current accounts 100,707 100,707 92,751 92,751 Other assets Fixed assets - note 7 Investments - note 8 Gift Aid receivable on donations 3,372,990 5,363 4,544 3,382,897 3,137,665 5,542 4,023 3,147,230 Approved by the Kirk Session at a meeting on 16/0512023 and signed on its behalf by Rev G Glasgow Mr D Huey io
ARMOY 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 provision 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 (al income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment 15 apportioned to the individ ual 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 & LEGACIES UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL 2022 TOTAL 2021 Recorded giving Loose collections Donation5 and gifts Gift Aid 32,184 691 199 3,585 36,659 6,344 38,528 691 4,262 4,028 47,509 32,448 167 2,918 4,082 39,615 4,063 443 10,850 li
ARMOY CONGREGATION OF THE PREsBERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 CHARITABLE AcfiviTIES UNRESTRICTED RESTRicfED FUNDS FUNDS TOTAL 2022 TOTAL 2021 Organisation income Fees from weddings & funerals Sale of study books etc. Grants Rent Miscellaneous income 8,622 8,622 1,348 400 180 180 7,408 7,408 18 16,228 7,800 447 9,995 18 198 16,030 INVESTMENT INCOME UNRESTRICTED RESTRICTED FUNDS FUNDS TOTAL 2022 TOTAL 2021 Deposit interest Investment income 199 145 344 16 215 145 360 204 127 331 16 12
ARMOY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 RAISING FUNDS UNRESTRICTED FUNDS RESTRICTED TOTAL TOTAL FUNDS 2022 2021 FWO envelopes 492 492 492 492 445 445 CHARITABLE ACTIVITIES UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL 2022 TOTAL 2021 General Assembly Assessments Presbytery fees Ministry & support staff costs Congregational running expenses Donations to missions & charities Governance costs 5,261 235 5,261 235 7,087 280 1611 1611 19,464 20,523 39,987 28,313 7,535 7,535 1,020 55,649 3,616 1,020 40,316 1,020 27.591 28,058 13
ARMOY CONGREGATION OF THE pREsBER1AN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 FIXED ASSETS The congregation owns the Church building and hall situated at 2 Gracehill Road, Armoy, and the associated fixtures, fittings, plant and machinery. These have a combined insurance value of £2,748,553. The Congregation a150 own the Manse situated at 10 Drones Road, Armoy, which has an insurance value of £624,437. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation: 2022 2021 HSBC Holdings PLC PCI Shares General Investment Fund 1,330 4,033 5,363 1,148 4,394 5,542 14
ARMOY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 9 FUND BALANCES FUND BALANCE RECEIPTS PAYMENTS SURPLus/ TRANSFER BALANCE AT START DEFICIT AT END Unrestricted funds General account 78,094 78,094 37,201 37,201 28,083 28,083 9,118 9,118 11,1481 {1,1481 86,064 86,064 Restricted funds Building account Sunday School Superintendent account Sunday School & Children's Church account Presbyterian Women Girls, Brigade Bowling club United Appeal Presbyterian Orphans Earl Haig World Development Moderator5 Appeal 1st Kilraughts Pres Church (596) 15,776 14,406 1,370 774 1,133 264 1264} 869 304 412 5,076 61 3,416 511 105 425 553 2,500 28,033 (3041 {2101 1,737 29 {1,014} 16) 304 6,036 7,990 99 202 6,813 90 2,402 505 105 425 553 5,826 9,577 108 {1501 (201 1,014 16) 1121 {2,500) 11, 162) 12,5001 14,643 14,657 26.871 1,148 Total 92,751 64,072 56,116 7,956 100,707 15
ARMOY CONGREGATION OF THE PREsBERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 10 RELATED PARTYTRANSACTIONS None of the trustees received any remuneration or expenses during the year in connection with their dutie5. During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity. £5.261 for congregational assessments £3.416 towards the United Appeal There were no other related party transactions. 16