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2023-12-31-accounts

Macosquin Congregation of the Presbyterian Church in Ireland

Financial Statements

Year Ended 31[st] December 2023

NIC 105541

MACOSQUIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023

Note Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2023 Total
2022
£ £ £ £ £
Receipts
Donations and legacies 2 87,325 78,513 2,000 167,838 125,334
Charitable activities 3 0 8,202 8,202 6,999
Other trading activities 4 300 13,496 13,796 15,068
Investment Income 5 326 407 733 713
Other Income 6 1,406 300 1,706 750
---------- ---------- ---------- ---------- ----------
Sub Total 89,356 100,918 2,000 192,274 148,864
Sale of Investments 0
Sale of fixed assets 0
Loans Received 0
---------- ---------- ---------- ---------- ----------
Total Receipts 89,356 100,918 2,000 192,274 148,864
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 7 185 558 743 466
Charitable activities 8 85,086 79,497 164,583 144,615
Other Expenditure 9 0 3,574 3,574 4,309
---------- ---------- ---------- ---------- ----------
Sub Total 85,271 83,629 0 168,900 149,390
Purchase of Investments 2,000 2,000 0
Purchase of fixed assets 0 11,619
Loan Repayments 0
---------- ---------- ---------- ---------- ----------
Total Payments 85,271 83,629 2,000 170,900 161,009
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) 4,085 17,289 0 21,374 (12,145)
Transfers between funds (29) 29 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds 4,056 17,318 0 21,374 (12,145)
Funds brought forward 22,690 73,246 0 95,936 108,081
---------- --------- ---------- ---------- ----------
Funds carried forward 12 26,746 90,564 0 117,310 95,936
====== ====== ====== ====== ======

Page 1

MACOSQUIN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF AsS￿s AND LIABILITIES As at 31 December 2023 Unrestricted Restricted Endowment Funds Funds Funds Total 2023 Total 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 22,690 4,056 73,246 17,318 95,936 21,374 108,081 {12,145) Bank and Cash at end of year 26,746 90,564 117,310 95,936 Bank & Cash Balances Bank Accounts Cash in Hand 116,928 382 95,762 174 117,310 95,936 Fixed Assets- Note 10 4,633,144 4,439,196 Other Assets Investments- Note 11 Gift Aid receivable on donations 35,250 4,847 30,418 6,300 40,097 36,718 Liabilities BB Capitation Fees due GB NE Fees due Rev Farqhuar (Pastoral Care) Pianists 475 1,133 240 920 1,160 1,608 Approved by the Kirk Session at a meeting on is i 31 > ltr and signed on its behalf by Name Name Date Date

MACOSQUIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023

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 2023 Total
2022
£ £ £ £ £
Recorded giving 72,429 28,435 100,864 99,618
Loose collections 106 3,553 3,659 4,255
Donations and gifts 1,105 5,294 6,399 1,598
Gift Aid 13,684 4,084 17,768 19,863
Legacies and bequest 0 37,148 2,000 39,148 0
---------- ---------- ---------- ---------- ----------
87,325 78,513 2,000 167,838 125,334
---------- ---------- ---------- ---------- ----------

Page 3

MACOSQUIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Income from charitable activities 0 980 980 1,477
Fundraising events 0 4,231 4,231 982
Membership fees 0 1,391 1,391 1,140
Grants 0 1,600 1,600 3,400
---------- ---------- ---------- ---------- ----------
0 8,202 0 8,202 6,999
---------- ---------- ---------- ---------- ----------
4.OTHER TRADING ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Trading income 300 13,496 13,796 15,068
---------- ---------- ---------- ---------- ----------
300 13,496 0 13,796 15,068
---------- ---------- ---------- ---------- ----------

5. INVESTMENT INCOME

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Bank interest 0 79 79 41
General Investment Fund 326 328 654 672
---------- ---------- ---------- ---------- ----------
326 407 0 733 713
---------- ---------- ---------- ---------- ----------

Page 4

MACOSQUIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

6. OTHER INCOME

6.OTHER INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Other income 1,406 300 1,706 750
---------- ---------- ---------- ---------- ----------
1,406 300 0 1,706 750
---------- ---------- ---------- ---------- ----------
7.RAISING FUNDS
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
FWO envelopes 185 88 273 341
Fundraising events 0 470 470 125
---------- ---------- ---------- ---------- ----------
185 558 0 743 466
---------- ---------- ---------- ---------- ----------
8.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
General Assembly Assessments 17,583 0 17,583 14,336
Presbytery fees 389 0 389 562
Ministry and support staff costs 50,523 24,256 74,779 71,260
Premises Costs 13,469 0 13,469 10,697
Congregational running expenses 2,842 12,437 15,279 9,495
Repairs and Maintenance 280 17,288 17,568 16,295
Donations to Missions and charities 0 25,515 25,515 21,970
---------- ---------- ---------- ---------- ----------
85,086 79,497 0 164,583 144,615
---------- ---------- ---------- ---------- ----------

Page 5

MACOSQUIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

9. OTHER EXPENDITURE

Unrestricte Restricted
Endowmen		 Total Total
d Funds Funds t Funds 2023 2022
£ £ £ £ £
Other Expenditure 0 18 18 964
Farm Expenses 0 3,556 3,556 3,345
---------- ---------- ---------- ---------- ----------
0 3,574 0 3,574 4,309
---------- ---------- ---------- ---------- ----------

10. FIXED ASSETS

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

The congregation owns the Church manse
These have an insurance value of:-
Church
Church Halls
Manse		 and farm situated at 115 Coolyvenny Road
£
2,154,546
2,046,412
432,186
4,633,144

11. INVESTMENTS

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

2023 2022
Endowment Funds £ £
General Investment Fund 14,209 11,123
---------- ----------
14,209 11,123
---------- ----------
Other Investments
General Investment Fund 21,041 19,295
---------- ----------
21,041 19,295
TOTAL INVESTMENTS ---------- ----------
35,250 30,418
====== ======
Fund Summary of Investments
General Fund 16,723 15,335
Building & Maintenance Fund 932 855
Sabbath School 10,715 9,826
Minister 1,210 1,110
Missionary Outreach Fund 188 172
Boys' Brigade 2,479 2,273
Girls' Brigade 2,079 0
Castleroe School 924 847
---------- ----------
35,250 30,418
====== ======

Page 6

MACOSQUIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

12. FUND BALANCES

Fund Balance at
start		 Receipts Payments Surplus /
(Deficit)		 Transfer Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 22,690 89,356 85,271 4,085 (29) 26,746
---------- ---------- ---------- ---------- ---------- ----------
22,690 89,356 85,271 4,085 (29) 26,746
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Repair & Maintenance Fund 40,792 19,495 31,290 (11,795) 140 29,137
United Appeal 0 5,346 5,346 0 0
Missionary Outreach Fund 8,911 47,449 17,020 30,429 16 39,356
Alan & Sheena Gaston 16 0 0 0 (16) 0
Tearfund 0 930 930 0 0
PCI - Children's Society 0 390 390 0 0
Earl Haig 0 499 499 0 0
Leprosy Phials 0 300 300 0 0
Farm 0 13,496 13,496 0 0
Pastoral Care 0 1,645 378 1,267 1,267
Sabbath School 9,364 1,242 1,857 (615) 8,749
Choir 680 7 0 7 687
Presbyterian Women 2,123 3,022 1,924 1,098 (75) 3,146
Open Doors Friendship Group 694 897 1,328 (431) 214 477
Girls' Brigade 6,092 6,629 7,901 (1,272) (250) 4,570
Boys' Brigade 1,975 812 1,321 (509) 1,466
Youth Fellowship 1,065 0 500 (500) 565
Bowling Club 835 0 0 0 835
Joyful Noise Toddlers Group 39 717 447 270 309
Minister's Bequests 0 24 24 0 0
Castleroe School 0 18 18 0 0
Dfc Small Grants (GB) 660 0 660 (660) 0
---------- ---------- ---------- ---------- ---------- ----------
73,246 102,918 85,629 17,289 29 90,564
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 95,936 192,274 170,900 21,374 0 117,310
======= ======= ======= ======= ======= =======

Page 7

Independent examiner’s report to the trustees of Macosquin Congregation of The Presbyterian Church in Ireland

I report on the accounts of the Charity for the year ended 31 December 2023, which are set out on pages 1 to 7.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. The charity’s trustees consider that an audit is not required for this year under section 65(2) of the Charities Act (Northern Ireland) 2008 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9) (b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met or

Olive K Wallace ACMA, CGMA OK Wallace Accountancy and Bookkeeping 101 Coolyvenny Road Coleraine BT51 3SF

3 May 2024