## 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| ||||======|======|======|======|======| Page 1 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| ||----------|----------|----------|----------|----------| Page 3 ## **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| ||----------|----------|----------|----------|----------| Page 4 ## **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| ||----------|----------|----------|----------|----------| Page 5 ## **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| ||======|======| Page 6 ## **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| ||=======|=======|=======|=======|=======|=======| Page 7