FIRST KILRAUGHTS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNT) FOR YEAR ENDED 31 DECEMBER 2023 NOTE UNRESTRICTED FUNDS RESTRICTED ENDOWMENT FUNDS FUNDS TOTAL 2023 TOTAL 2022 Receipts Donations & legacies Charitable activities Investment income 90,757 4,754 618 32,528 12,620 248 123,285 17,374 866 207,838 17,071 5,610 230,519 Total receipts 96,129 45,396 141,525 Payments Raising funds Charitable activities Other expenditure Total payments 515 92,004 515 130,123 517 93,425 50,058 144,000 38,119 92,519 38,119 130,638 Net receipts/(payments) Transfers between funds Net movement in funds 3,610 (21,314) (17,704) 7,277 21,314 28,591 10,887 86,519 10,887 86,519 Reconciliation of funds: Total funds brought forward Deduct non cash/bank related endowment funds l-otal funds carried forward 138,193 22,470 160,663 74,144 10 120,489 51,061 171,550 160,663 11
FIRST KILRAUGHTS CONGRECJATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023 UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2023 TOTAL 2022 Funds Reconciliation Total funds brought forward Net movement in funds Total funds carried forward 138,193 (17,704) 120,489 22,470 28,591 51,061 160,663 10,887 171,550 74,144 86,519 160,663 Bank & cash balances Bank current accounts 171,550 171,550 160,663 160,663 Other assets Fixed assets - note 8 Investments - note 9 Gift Aid receivable on donations 3,604,886 89,224 18,405 3,712,515 3,196,289 83,116 17,327 3,296,732 Approved by the Kirk Session at a meeting on...... .and signed on its behalf by Mr Arnold Mcclure Mr Maurice Christie 12
FIRST KILRAUG14TS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 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 FUNDS ENDOWMENT FUNDS TOTAL 2023 TOTAL 2022 Recorded giving Loose collections Donations and gifts Gift Aid 75,471 2,013 200 13,073 90,757 15,865 1,638 10,909 4,116 32,528 91,336 3,651 11,109 17,189 123,285 84,698 2,044 103,343 17,753 207,838 13
FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 CHARITABLE ACTIVITIES UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2023 TOTAL 2022 Organisation income Fees frorn weddings & funerals Fundraising events Sale of study books etc. Grants Miscellaneous income 1,719 11,220 12,939 13,325 250 535 1,398 250 535 1,398 1,400 852 17,374 300 1,309 1,600 537 17,071 1,400 852 4,754 12,620 INVESTMENT INCOME UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2023 TOTAL 2022 Deposit interest Investment income Other interest 248 248 452 166 866 367 5,235 452 166 618 248 5,610 14
I?ST !<ILR.4UCJHTS CONICREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NO"ris TO THE ACCOUNTS 31 DECEMBER 2023 RAISING FUNDS UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2023 TOTAL 2022 FWO envelopes 515 515 515 515 517 517 CHARITABLE ACTIVITIES UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2023 TOTAL 2022 General Assembly Assessments Presbytery fees Ministry & support staff costs Congregational running expenses Donations to missions & charities Governance costs 14,775 434 14,775 434 8,991 578 35,903 35,903 3,170 37,934 22,112 60,046 61,999 1,818 1,140 92,004 16,007 17,825 1,140 130,123 17,571 1,116 93,425 38,119 OTHER EXPENDITURE UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2023 TOTAL 2022 Manse refurbishment 50,058 50,058 15
FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 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 £3,604,886 (£3,196,289 - 2022). 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: 2023 2022 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 167 237 866 4,294 10,002 48,834 19,943 4,881 89,224 191 224 794 4,294 9,267 45,244 18,489 4,613 83,116 16
FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 10 FUND BALANCES FUND BALANCE RECEIPTS PAYMENTS SURPLUS/ TRANSFER BALANCE AT START DEFICIT AT END Unrestricted funds General account 138,193 138,193 96,129 96,129 92,519 92,519 3,610 (21,314) 3,610 (21,314) 120,489 120,489 Restricted funds Sunday School Building, repairs & maintenance GF association Friendship club Youth group Presbyterian women B.oys' 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 1,788 156 555 (399) 1,394 4,492 1,300 1,631 3,150 2,047 3,687 487 1,188 21,241 1,463 1,049 11,598 1,926 300 369 3,572 4,301 941 1,175 8,147 9,643 (463) 749 (369) 64 (621) 206 55 (613) 20,221 34,356 837 2,380 2,781 1,911 3,066 393 1,243 3,636 3,680 1,147 1,230 7,534 (200) (300) 613 852 964 1,051 1,393 852 964 1,060 2,359 (9) (966) 966 2,700 22,470 2,700 51,061 45,396 38,119 7,277 21,314 Total 160,663 141,525 130,638 10,887 171,550 17
FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 11 RELATED PARTY TRANSACTIONS One of the trustees, the minister of the congregation received remuneration of £25,725 and expenses of £4,691 for acting in that capacity. Pension contributions of £6,174 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 £14,775 for congregational assessments £8,147 towards the United Appeal There were no other related party transactions. 18