ARMOY CONGREGATION OF THE PRE5B￿ERIAN 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 PRESB￿ER1AN 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 PREsB￿ERIAN 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 pREsB￿ER1AN 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 PREsB￿ERIAN 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