## **CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND** 

**Receipts and Payments Accounts for the year ended 31 December 2023** 

**Registered Charity in Northern Ireland (NIC105391)** 




## **CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023** 

## **1. ACCOUNTING POLICIES** 

## **BASIS OF FINANCIAL STATEMENTS** 

As the total income of the congregation is less than £250,000 the congregation has 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. 

## **2. DONATIONS AND LEGACIES** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
||£|£|£|£|£|
|Recorded giving:|49,060|31,483|0|80,543|72,078|
|Loose collections|817|8,734|0|9,551|16,559|
|Gift Aid|9,560|6,712|0|16,272|14,693|
|Legacies and bequest|0|0|0|0|0|
||----------|----------|----------|----------|----------|
|Total|59,437|46,929|0|106,366|103,330|
||----------|----------|----------|----------|----------|



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## **CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS** 

## **31 December 2023** 

## **3. CHARITABLE ACTIVITIES** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
||£|£|£|£|£|
|Income from charitable activities|0|0|0|0|0|
|Membership fees|0|283|0|283|363|
||----------|----------|----------|----------|----------|
|Total|0|283|0|283|363|
||----------|----------|----------|----------|----------|
|**4. OTHER TRADING ACTIVITIES**||||||
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
||£|£|£|£|£|
|N.I.E. Wayleaves|28|0|0|28|25|
|Sale of Grave Plots|0|500|0|500|500|
|Sale of Lawnmower|0|100|0|100|0|
||----------|----------|----------|----------|----------|
|Total|28|600|0|628|525|
||----------|----------|----------|----------|----------|



## **5. INVESTMENT INCOME** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
||£|£|£|£|£|
|Deposit interest|1441|36|0|1477|95|
|Other investment income|55|0|0|55|23|
||----------|----------|----------|----------|----------|
|Total|1496|36|0|1532|118|
||----------|----------|----------|----------|----------|



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## **CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2023** 

## **6. OTHER INCOME** 

|||||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|---|---|---|
|||||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
|||||£|£|£|£|£|
|Magazines||||0|356|0|356|0|
|Total||||----------|----------|----------|----------|----------|
|||||0|356|0|356|0|
|||||----------|----------|----------|----------|----------|
|**.**<br>**RAISING FUNDS**|||||||||
|||||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|||||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
|||||£|£|£|£|£|
|FWO envelopes||||298|0|0|298|312|
|||||----------|----------|----------|----------|----------|
|Total||||298|0|0|298|312|
|||||----------|----------|----------|----------|----------|
|**.**<br>**CHARITABLE ACTIVITIES**|||||||||
|||||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|||||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
|||||£|£|£|£|£|
|General Assembly Assessments||||13,461|0|0|13,461|11,846|
|Presbytery fees||||290|0|0|290|1,191|
|Ministry and support staff costs||||14,182|0|0|14,182|13,810|
|Congregational running expenses||||17,119|4,048|0|21,167|19,940|
|Donations<br>charities|to|Missions|and|0|23,877|0|23,877|40,104|
|||||----------|----------|----------|----------|----------|
|Total||||45,052|27,925|0|72,977|86,891|
|||||----------|----------|----------|----------|----------|



## **7. RAISING FUNDS** 

## **8. CHARITABLE ACTIVITIES** 

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## **CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023** 

## **9. OTHER EXPENDITURE** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
||£|£|£|£|£|
|Property Related costs|0|5,450|0|5,450|1,801|
||----------|----------|----------|----------|----------|
|Total|0|5,450|0|5,450|1,801|
||----------|----------|----------|----------|----------|



## **10. FIXED ASSETS** 

The congregation owns the Church premises situated at 60 Claggan Road, Cookstown, BT80 9UF, the adjoining Church halls, the Clagan School Building situated at 55 Claggan Road, Cookstown, BT80 9UF and the associated fixtures, fittings, plant and machinery. These have an insurance value of £2,463,984 

## **INVESTMENTS** 

The congregation has the following investments. Amounts are shown at market valuation. 

||**2023**|**2022**|
|---|---|---|
||**£**|**£**|
|General Investments|1,763|1,934|
||----------|----------|
|Total|1,763|1,934|
||----------|----------|



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## **CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2023** 

## **11. FUND BALANCES** 

|**Fund**|**Balance**|**Receipts**|**Payment**|**Surplus /**|**Transfer**|**Balance**|
|---|---|---|---|---|---|---|
||**at start**|||**(Deficit)**||**at end**|
||£|£|£|£|£|£|
|**Number 1 Account**|107,338|60,961|44,850|16,111|-261|122,688|
||----------|----------|----------|----------|----------|----------|
|**Total**|107,338|60,961|44,850|16,111|-261|122,688|
||----------|----------|----------|----------|----------|----------|
|**Restricted Funds**|||||||
|**Number 1 Account - Restricted**|0|9,503|9,032|471|-471|0|
|**Buildings Account**|73,590|20,871|5,540|15,331||88,921|
|**Missionary Account**|20|12,744|12,483|261||281|
|**PW Account**|389|2,233|2,571|-338|332|383|
|**Sunday School Account**|124|100|190|-90||34|
|**Campaigners Account**|0|1,561|1,619|-58|740|682|
|**Events Committee Account**|416|1,053|1,207|-154|40|302|
|**Bowling Club Account**|410|201|125|76|-200|286|
|**Badminton Club Account**|340|82|0|82|-200|222|
|**Mums & Tots Account**|539|442|535|-93||446|
|**Catering Committee**|455|0|163|-163||292|
||----------|----------|----------|----------|----------|----------|
|**Total**|76,283|48,770|33,465|15,305|261|91,849|
||----------|----------|----------|----------|----------|----------|
||----------|-----------|-----------|-----------|-----------|----------|
|**Total**|183,621|109,731|78,815|30,916|0|214,537|
||----------|----------|----------|----------|----------|----------|



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