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2022-12-31-accounts

Macosquin Congregation of the Presbyterian Church in Ireland

Financial Statements

Year Ended 31[st] December 2022

NIC 105541

MACOSQUIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022

Note Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2022 Total
2021
£ £ £ £ £
Receipts
Donations and legacies 2 64,412 60,922 125,334 131,814
Charitable activities 3 586 6,413 6,999 7,410
Other trading activities 4 960 14,108 15,068 12,509
Investment Income 5 339 374 713 725
Other Income 6 600 150 750 0
---------- ---------- ---------- ---------- ----------
Sub Total 66,897 81,967 0 148,864 152,458
Sale of Investments 0
Sale of fixed assets 0
Loans Received 0
---------- ---------- ---------- ---------- ----------
Total Receipts 66,897 81,967 0 148,864 152,458
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 7 228 239 466 482
Charitable activities 8 77,331 67,283 144,615 125,407
Investment costs 0
Other Expenditure 9 0 4,309 4,309 628
---------- ---------- ---------- ---------- ----------
Sub Total 77,559 71,831 0 149,390 126,517
Purchase of Investments 0
Purchase of fixed assets 11,619 11,619 7,436
Loan Repayments 0
---------- ---------- ---------- ---------- ----------
Total Payments 77,559 83,450 0 161,009 133,953
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) (10,662) (1,483) 0 (12,145) 18,505
Transfers between funds 95 (95) 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds (10,567) (1,578) 0 (12,145) 18,505
Funds brought forward 33,257 74,824 0 108,081 89,576
---------- --------- ---------- ---------- ----------
Funds carried forward 12 22,690 73,246 0 95,936 108,081
====== ====== ====== ====== ======

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MACOSQUIN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF AssFfs AND LIABILITIES As at 31 December 2022 Unrestricted Restricted Endowment Funds Funds Funds Total Total 2021 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 33,257 (10,567) 74,824 (1,578) 108,081 (12,145) 89,576 18,505 Bank and Cash at end of year 22,690 73,246 95,936 108,081 Bank & Cash Balances Bank Accounts Cash in Hand 95,762 174 108,045 36 95,936 108,081 Fixed Assets- Note 10 4,439,196 4,129,486 Other Assets Investments- Note 11 Gift Aid receivable on donations 30,418 6,300 33,142 5,674 36,718 38,816 Liabilities BB Capitation Fees due GB Nl Fees due 475 1,133 1,608 Approved by the Kirk Session at a meeting on zo131*3 and signed on its behalf by Name Name /t/ fr 7,1.. Date 'l7-S.2 Date

MACOSQUIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022

1. 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 receipts 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 (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
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2022 Total
2021
£ £ £ £ £
Recorded giving 53,632 45,986 99,618 104,712
Loose collections 0 4,255 4,255 2,821
Donations and gifts 670 928 1,598 2,423
Gift Aid 10,110 9,753 19,863 21,858
---------- ---------- ---------- ---------- ----------
64,412 60,922 0 125,334 131,814
---------- ---------- ---------- ---------- ----------

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MACOSQUIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
Income from charitable activities 586 891 1,477 438
Fees from weddings and funerals 0 0 0 173
Fundraising events 0 982 982 265
Membership fees 0 1,140 1,140 0
Grants 0 3,400 3,400 6,534
---------- ---------- ---------- ---------- ----------
586 6,413 0 6,999 7,410
---------- ---------- ---------- ---------- ----------

4. OTHER TRADING ACTIVITIES

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
Letting of premises 0 0 0
Trading income 960 14,108 15,068 12,509
---------- ---------- ---------- ---------- ----------
960 14,108 0 15,068 12,509
---------- ---------- ---------- ---------- ----------

5. INVESTMENT INCOME

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
Bank interest 0 41 41 78
General Investment Fund 339 333 672 647
Other investment income 0 0 0
---------- ---------- ---------- ---------- ----------
339 374 0 713 725
---------- ---------- ---------- ---------- ----------

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MACOSQUIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2022

6. OTHER INCOME

6.OTHER INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
Other income 600 150 750
---------- ---------- ---------- ---------- ----------
600 150 0 750 0
---------- ---------- ---------- ---------- ----------
7.RAISING FUNDS
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
FWO envelopes 228 114 341 482
Fundraising events 0 125 125
---------- ---------- ---------- ---------- ----------
228 239 0 466 482
---------- ---------- ---------- ---------- ----------
8.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
General Assembly Assessments 14,336 0 14,336 20,899
Presbytery fees 562 0 562 336
Ministry and support staff costs 47,780 23,480 71,260 69,681
Premises Costs 10,697 0 10,697 8,447
Congregational running expenses 3,957 5,538 9,495 3,962
Repairs and Maintenance 0 16,295 16,295 4,371
Donations to Missions and charities 0 21,970 21,970 17,711
---------- ---------- ---------- ---------- ----------
77,331 67,283 0 144,615 125,407
---------- ---------- ---------- ---------- ----------

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MACOSQUIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2022

9. OTHER EXPENDITURE

Unrestricte Restricted Endowmen Total Total
d Funds Funds t Funds 2022 2021
£ £ £ £ £
Loan Interest 0 0 0
Other Expenditure 0 964 964 18
Farm Expenses 0 3,345 3,345 610
---------- ---------- ---------- ---------- ----------
0 4,309 0 4,309 628
---------- ---------- ---------- ---------- ----------

10. FIXED ASSETS

The congregation owns the Church premises situated at 116 Coolyvenny Road and the associated fixtures, fittings, plant and machinery.

associated fixtures, fittings, plant and machinery. associated fixtures, fittings, plant and machinery.
The congregation owns the Church manse and farm situated at 115 Coolyvenny Road
These have an insurance value of:- £
Church 2,064,355
Church Hall 1,960,747
Manse 414,094
4,439,196

11. INVESTMENTS

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

2022 2021
Endowment Funds £ £
General Investment Fund 11,123 12,120
Other investments
---------- ----------
11,123 12,120
---------- ----------
Other Investments
General Investment Fund 19,295 21,022
---------- ----------
19,295 21,022
TOTAL INVESTMENTS ---------- ----------
30,418 33,142
====== ======
Fund Summary of Investments
General Fund 15,335 16,708
Building & Maintenance Fund 855 932
Sabbath School 9,826 10,705
Minister 1,110 1,209
Missionary Outreach Fund 172 188
Boys' Brigade 2,273 2,477
Castleroe School 847 923
---------- ----------
30,418 33,142
====== ======

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MACOSQUIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2022

12. FUND BALANCES

Fund Balance at
start		 Receipts Payment Surplus /
(Deficit)		 Transfer Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 33,257 66,897 77,559 (10,662) 95 22,690
---------- ---------- ---------- ---------- ---------- ----------
33,257 66,897 77,559 (10,662) 95 22,690
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Building & Maintenance Fund 41,339 40,050 40,743 (693) 146 40,792
United Appeal 0 5,975 5,975 0 0
Missionary Outreach Fund 11,224 10,212 12,525 (2,313) 8,911
Ukraine Appeal 0 1,850 1,850 0 0
Moderator's Appeal 0 395 395 0 0
Alan & Sheena Gaston 16 0 0 0 16
Earl Haig 0 115 115 0 0
Leprosy Phials 0 310 310 0 0
Farm 0 14,108 14,108 0 0
Sabbath School 8,546 991 173 818 9,364
Choir 780 1 101 (100) 680
Presbyterian Women 2,138 1,280 1,295 (15) 2,123
Open Doors Friendship Group 608 273 187 86 694
Girls' Brigade 5,315 5,340 4,313 1,027 (250) 6,092
Boys' Brigade 2,257 934 1,216 (282) 1,975
Youth Fellowship 1,074 0 9 (9) 1,065
Bowling Club 840 0 5 (5) 835
Badminton Club 27 0 0 0 (27) 0
Joyful Noise Toddler Group 0 90 87 3 36 39
Minister's Bequests 0 24 24 0 0
Castleroe School 0 19 19 0 0
Dfc Small Grants (GB) 660 0 660
---------- ---------- ---------- ---------- ---------- ----------
74,824 81,967 83,450 (1,483) (95) 73,246
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 108,081 148,864 161,009 (12,145) 0 95,936
======= ======= ======= ======= ======= =======

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