FIRST KILRAUGHTS CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNT) FOR YEAR ENDED 31 DECEMBER 2022 NOTE UNRESTRICTED FUNDS RESTRICTED ENDOWMENT FUNDS FUNDS TOTAL 2022 TOTAL 2021 Receipts Donations & legacies Charita ble activities Investment income Total receipts 173,140 3,443 5,243 181,826 34,698 13,628 367 48,693 207,838 17,071 5,610 230,519 123,448 10,652 471 134,571 Payments Raising funds Charitable activities Other expenditure Total payments 517 57,736 517 93,425 50,058 144,000 488 120,448 30,000 150,936 35,689 50,058 85,747 58,253 Net receipts/(payments) Transfers between funds Net movement in funds 123,573 (18,703) 104,870 (37,054) 18,703 (18,351) 86,519 (16,365) 86,519 (16,365) Reconciliation of funds: Total funds brought forward Deduct non cash/bank related endowment funds Total funds carried forward 33,323 40,821 74,144 90,509 10 138,193 22,470 160,663 74,144 11
FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022 UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2022 TOTAL 2021 Funds econciliation Total funds brought forward Net movement in funds Total funds carried forward 33,323 104,870 138,193 40,821 (18,351) 22,470 74,144 86,519 160,663 90,509 (16,365) 74,144 Bank & cash balances Bank current accounts 160,663 160,663 74,144 74,144 Other assets Fixed assets- note 8 Investments- note 9 Gift Aid receivable on donations 3,196,289 83,116 17,327 3,296,732 2,973,292 97,294 17,753 3,088,339 Approved by the Kirk Session at a meeting on.. and signed on its behalf by Mr Arnold Mcclure Mr Maurice Christie 42p2 12
T FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN 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 (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. DONATIONS & LEGACIES UNRESTRICTED FUNDS RESTRICTED ENDOWMENT FUNDS TOTAL 2022 TOTAL 2021 FUNDS Recorded giving Loose collections Donations and gifts GifL Aid 70,114 504 89,135 13,387 173,140 14,584 1,540 14,208 4,366 34,698 84,698 2,044 103,343 17,753 207,838 89,890 947 16,154 16,457 123,448 13
FIRST KILRAUGHTS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 CHARITABLE ACTIVITIES UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2022 TOTAL 2021 Organisation income Fees from weddings & funerals Sale of study books etc. Grants Miscellaneous income 1,297 12,028 13,325 8,388 300 1,309 300 1,309 1,600 537 17,071 950 1,018 1,600 537 3,443 296 10,652 13,628 INVESTMENT INCOME UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2022 TOTAL 2021 Deposit interest Investment income Other interest 367 367 5,235 229 231 11 471 5,235 5,243 367 5,610 14
FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 RAISING FUNDS UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2022 TOTAL 2021 FWO envelopes 517 517 517 517 488 488 CHARITABLE ACTIVITIES UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2022 TOTAL 2021 General Assembly Assessments Presbytery fees Ministry & support staff costs Congregational running expenses Donations to missions & charities Governance costs 8,991 578 8,991 578 14,682 698 3,170 3,170 36,555 40,311 21,688 61,999 54,828 3,570 1,116 57,736 14,001 17,571 1,116 93,425 12,587 1,098 120,448 35,689 OTHER EXPENDITURE UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2022 TOTAL 2021 Loans Manse refurbishment 30,000 50,058 50,058 50,058 50,058 30,000 15
FIRST KILRAUGHTS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 FIXED ASSETS The congregation owns the church building, church hall, the stables hall and the associated fixtures, fittings, plant and machinery situated at 56 Moyan Road, Ballymoney. These have a combined insurance value of £3,196,289 (£2,973,292 - 2021). Since 1887 the Congregation hold in trust the Manse, outbuildings and farm situated at Topp Road, Ballymoney, for the use of the Congregation while the minister resides in the Manse. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation: 2022 2021 125 BP plc 8% preference shares 300 Canadian Pacific Railway Company shares 65 PCI Shares General Investment Fund as at Progressive Building Society NFU Cautious Portfolio Fund NFU Cautious Portfolio Fund NFU Mutual Select Investment Plan Nl Central Investment for Charities 191 224 794 4,294 9,267 45,244 18,489 4,613 83,116 203 273 866 4,294 11,015 53,782 21,608 5,254 97,294 16
FIRST KILRAUGHTS CONGREGATION OF THE PRESBwfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 10 FUND BALANCES FUND BALANCE RECEIPTS PAYMENTS SURPLUS/ TRANSFER BALANCE AT START DEFICIT AT END Unrestricted funds General account 33,323 33,323 181,826 181,826 58,253 123,573 (18,703) 58,253 123,573 (18,703) 138,193 138,193 Restricted funds Sunday School Building, repairs & maintenance GF association Friendship club Youth group Presbyterian women Boys, Brigade Bowling club Get Konnected Boys Club United Appeal Presbyterian Childrens Society Mission Africa World Development Appeal Other Mission Support Sibbett Family donation gift aid 1,653 113 148 (35) 170 1,788 25,419 1,388 1,576 2,363 1,874 1,822 891 1,135 25,322 979 1,210 63,454 (38,132) 1,237 (258) 1,155 55 213 (213) 2,814 173 1,705 1,695 601 196 769 (117) 7,804 (42) 17,205 170 4,492 1,300 1,631 3,150 2,047 3,687 487 1,188 1,000 2,987 3,400 797 652 7,762 170 (600) 170 42 824 915 864 2,868 824 1,115 835 3,073 (200) 29 (205) 200 (29) 205 11 2,700 40,821 2,700 22,470 48,693 85,747 (37,054) 18,703 11 Total 74,144 230,519 144,000 86,519 160,663 11 11 17
FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 11 RELATED PARTY TRANSACTIONS One of the trustees, the minister of the congregation received remuneration of £2,450 and expenses of £446 for acting in that capacity. Pension contributions of £588 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). One of the trustees, the church organist and choir master of the congregation received remuneration of £3,600 for acting in that capacity. None of the other trustees received any remuneration or expenses during the year in connection with their duties. During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity £8,991 for congregational assessments £7,804 towards the United Appeal There were no other related party transactions. 18