ARMOY CONGREGATION OF THE PREsBERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNT) FOR YEAR ENDED 31 DECEMBER 2023 NOTE UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL 2023 TOTAL 2022 Receipts Donations & legacle5 Charltable actlvltles Investment income Total recelpts 39,632 182 417 40,231 13,371 19,077 53,003 19,259 417 47,509 16,228 360 64,097 32,448 72,679 Payments Raising funds Charitable activltles Total payments 495 37,350 37,845 495 62,628 63,123 492 55,649 56,141 25,278 25,278 Net receiptsllpaymentsl Transfers between funds Net movement In funds 2,386 11,434) 952 7,170 1,434 8,604 9,556 7,956 9,556 7,956 Reconcillatlon of fu nds., Total fund5 brought forward Deduct non cash/bank related endowment funds Total funds carried forward 86,064 14,643 100,707 92,751 87,016 23,247 110,263 100,707
ARMOY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIE5 AS AT 31 DECEMBER 2023 UNRESTRicfED RESTRicfED FUND5 FUNDS TOTAL 2023 TOTAL 2022 Funds Reconclllatlon Total funds brought forward Net movement in funds Deduct non cash/bank related endowment funds Total funds carried forward 86,064 952 14,643 8,604 100,707 9,556 92,751 7,956 87,016 23,247 110,263 100,707 Bank & cash balances Bank current accounts 110,263 110,263 100,707 100,707 Other assets Fixed assets - note 7 Investments - note 8 Gift Aid receivable on donations 3,625,964 6,029 5,973 3,637,966 3,372,990 5,363 4,544 3,382,897 Approved by the Kirk Session at a meetlng on ... and sl8ned on its behalf by Rev G GlasBow MrD Huey io
ARMOY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTE5 TO THE ACCOUNTS 31 DECEMBER 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS A5 the total income of the congregatlon Is less than £250,000 the congregation have eletted In accordance with the provlslon In The Charitie5 (Accounts and Reports) Regulations (Northern Ireland) 2015 to prepare Its accounts on a recelpts and payments basis. FUND ACCOUNTING Endowment funds are funds, the capltal of whlch must be retalned either permanently or at the congre8atlon's dlscretlon; the Income derived from the endowment 15 to be used elther as restricted or unrestricted income funds dependlng upon the purpose for which the endowment w35 e5tabllshed In the first place, Restrlcted funds comprise la) Income from endowments whlch Is to be expended only on the restricted purposes Intended by the donor and Ib) revenue donatlons or grants for a speclfic congregational actlvlty Intended by the donor. Where these funds have unspent balances, Interest on their pooled investment is apportloned to the Indlvldual fund5 on an average balance basls, Unrestricted funds are income fund5 which are to be Spent on the congregation's general purposes. Designated funds are general fund5 Set aside by the consregatlon for use In the future, DONATIONS & LEGACIES UNRESTRicfED FUNDS RESTRICTED FUNDS TOTAL 2023 TOTAL 2022 Recorded Bivlng Loose collectlons Donation5 a nd glfts GiftAid 34,630 790 298 3,914 39,632 8,788 124 3,493 966 13,371 43,418 914 3,791 4,880 53,003 38,528 691 4,262 4,028 47.509 li
ARMOY CONGREGATION OF THE pREsBER1AN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 CHARITABLE ACTIVITIES UNRESTRICTED RESTRICTED FUNDS FUNDS TOTAL 2023 TOTAL 2022 Organisation Income Fees from weddings & funerals Sale of study books etc. Grants Rent Miscellaneous income 8,668 8,668 8,622 300 300 162 1,400 8,709 20 19,259 162 180 1,400 8,709 7,408 18 16,228 20 182 19,077 INVESTMENT INCOME UNRESTRICTED RESTRicfED FUNDS FUNDS TOTAL 2023 TOTAL 2022 Deposlt Interest Investment income 222 195 417 222 195 417 215 145 360 12
ARMOY CONGREGATION OF THE PRES8ERlAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 310ECEMBER 2023 RA151NG FUNDS UNRESTRICTED FUND5 RESTRicfED FUNDS TOTAL 2023 TOTAL 20Z2 FWO envelopes 495 495 495 495 492 492 CHARITABLE ACTIVITIES UNRESTRICTED FUNDS RESTRICTED FUND5 TOTAL 2023 TOTAL 2022 General Assembly Assessments Presbytery fees Mlnlstry & support staff costs Congregatlonal runnlng expenses Donations to misslons & charities Governance costs 4,960 186 4,960 186 5,261 235 14,640 14,640 1611 16,514 18,401 34,915 39,987 6,877 6,877 1,050 62,628 7,535 1,020 55,649 1,050 37,350 25,278 13
ARMOY CONGREGATION OF THE pREsBERlAN CHURCH IN IRELAND NOTE5 TO THE ACCOUNTS 31 DECEMBER 2023 FIXED ASSETS The congregation owns the Church building and hall situated at 2 Gracehlll Road, Armoy, and the associated fixtures, flttlngs, plant and machlnery. These have a comblned insurance value of £2,954,694. The CongreBation a150 own the Manse situated at 10 Drones Road, Arrnoyi whlch has an insurance value of £671,270. INVESTMENTS The congregat5on has the followlng Investments, Amounts are shown at market valuation: 2023 2022 HSBC Holdings PLC PCI Share5 General Investment Fu nd 1,631 4,398 6,029 1,330 4,033 5,363 14
ARMOY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 9 FUND BALANCES FUND BALANCE RECEIPTS PAYMENTS SURPLUS/ TRANSFER BALANCE AT START DEFICIT AT END Unrestricted funds General account 86,064 86,064 40,231 40,231 37,845 37,845 2,386 2,386 11,4341 11,4341 87,016 87,016 Restricted fund5 Bullding account Sunday School Superintendent account Sunday School & Chlldren's Church account Presbyterian Women Glrls, Brlgade Bowling club Unlted Appeal Presbyterian Orphans Earl Hals Christian Aid World Development Moderators Appeal 1st Kllraughts Pres Church 774 20,880 13,547 7,333 ,107 869 .223 {223) 646 156 476 4,811 2,343 2,619 555 73 205 330 452 511 3,795 1,549 4,005 561 loo 205 330 12961 {351 1,016 794 {1,3861 161 1271 296 175) 11201 1801 1,386 5,826 9,577 108 5,716 10,473 822 112) 1181 27 12,5001 14,643 12,5001 23,247 32,448 25,278 7,170 1,434 Total 100,707 72,679 63,123 9,556 110,263 15
ARMOYCONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2025 10 RELATED PARTY TRANSACTIONS None of the trustees recelved any remuneratlon or expenses dvrlng the year In connectlon wlth their dutles. DurinB the yoar the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterlan Church In Ireland a separate charlty. £4,960 for con8regational assessments £4,005 towards the Unlted Appeal There were no other related party transactions. 16