CROSSGAR CONGREGATION OF THE pREsBER1AN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 NIC 105408 Note Unrestricted Restricted Endowment Funds Fund5 Funds Total Total 2023 2022 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other Income 30379 14246 9317 225 501 44625 9317 225 581 261 53036 8343 80 261 296 150 Sub Total 30720 24289 55009 61825 Sale of Investments Sale of fixed assets Loans Received Total Receipts 30720 24289 55009 61825 Payments Raising funds Charitable activities Investment costs Other Expenditure 296 27885 296 61301 296 55417 33416 863 Sub Total 28181 33416 61597 56576 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 28181 33416 61597 56576 Net receipts / (payments) Transfers between funds 2539 -425 -9127 425 -6588 5249 Net movement in funds Funds brought forward 2114 46028 -8702 23626 -6588 69654 5249 64405 Funds carried forward 12 48142 14924 63066 69654 Page I
CROSSGAR CONGREGATION OF THE pREsBER1AN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Unrestricted Restricted Funds Funds Endowment Funds Total Total 2023 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 46028 2114 23626 -8702 69654 -6588 64405 5249 Bank and Cash at end of year 48142 14924 63066 69654 Bank & Cash Balances Bank Accounts Cash in Hand 69037 617 69654 Other Assets Fixed Assets- Note 10 Investments- Note 11 Gift Aid receivable on donations 1 $I5b 1406029 2630 2630 2630 1408659 Liabllltles Loans Other Approved by the Kirk Session at a meeting on 262lfrand Signed on its behalf by N ame.. kAIL) * Ic>hJES Name: LQILLIAM Ld Rt ID Date 30/06loul¥ Date 3./ots laoaL Page 2
CROSSGAR CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected to prepare its accounts on a receipt5 and payments basis, in accordance with the provisions in The Charities (Accounts and Reports} Regulations (Northern Ireland) 2015. 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 lal income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donations or grants for 3 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 bas1S. 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 AND LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequest 24712 568 9201 1069 597 2085 1294 33913 1637 597 7184 1294 35575 1052 9750 6659 5099 30379 14246 44625 53036 Page 3
CROSSGAR CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Fund5 Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Other 6946 6946 7053 760 1959 1959 412 412 530 9317 9317 8343 OTHER TRADING ACTIVITIES Unrestricted Funds Restrleted Endowment Funds Funds Total 2023 Total 2022 Letting of premises Trading income 225 225 225 225 INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Bank interest General Investment Fund Other investment income 261 261 80 240 213 83 80 240 80 501 581 296 Page 4
CROSSGAR CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (conyd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2023 Periodicals Other income 192 69 192 69 150 261 261 150 RAISING FUNDS Unrestrlcted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 FWO envelopes Fundraising events 296 296 296 296 296 296 CHARITABLE ACTIVITIES Unrestrirted Funds Restricted Endowment Funds Funds Total Total 2023 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Premises Costs Congregational running expenses Repairs and Maintenance Refurbishment Donations to Missions and charities Governance costs 2024 185 22935 2024 185 25227 2027 214 24512 2292 2741 14203 9276 16944 9276 14957 3260 7645 7645 10447 27885 33416 61301 55417 Pge5
CROSSGAR CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Loan Interest Other Expenditure 863 863 10. FIXED ASSETS The congregation owns the Church premises situated at Moneybrannon Road and the associated fixtures, fittings, plant and machinerv. These have an insurance value of:. Church Building and Contents, and Church Hall Buildings and Contents 683,392 841,658 1,525,050 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 Endowment Funds General Investment Fund Other investments 2630 2630 2630 2630 Other Investments General Investment Fund Other investments TOTAL INVESTMENTS 2,630 2,630 Page 6
CROSSGAR CONGREGATION OF THE pRE5BERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 12. FUND BALANCES Fund Balance at start Surplus / (Deficit) Receipts Payment Balance at end Transfer Unrestricted Fund5 General Fund 46028 30720 28181 2539 -425 48142 46028 30720 28181 2539 -425 48142 Restricted Funds Property Fund pw United Appeal Choir Sunday School Missionary Outreach Fund Mary Robinson Estate Youth Fellowship Belfast City Mission W.D.A. Presbyterian Children's Poppy Appeal Leprosy Moderator's Appeal Tear Fund C.E.F. -730 471 13444 756 3995 13 797 630 240 2849 460 125 320 75 19514 579 3995 -6070 177 -285 -200 -7085 448 795 919 31 16727 5413 13 49 -570 -160 -2141 808 968 -54 16567 3272 748 1200 400 4990 460 125 320 75 485 360 225 360 225 425 -425 425 23626 24289 33416 -9127 425 14924 TOTAL CASH FUNDS 69654 55009 61597 -6588 63066 Page 7