CULNADY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Trustees Financial Statements for the year ended 31 December 2023
Registered Charity in Northern Ireland (NIC105554)
Culnady CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023
| Note | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Donations and legacies | 2 |
67,771 | 59,604 | 127,375 | 98,992 | |
| Charitable Activities | 3 |
792 | 6,202 | 6,994 | 8,331 | |
| Other trading activities | 4 | 15,896 | 15,896 | 16,660 | ||
| Bank Interest | 5 | 6 | 6 | 7 | ||
| Other income | 6 |
485 | 133 | 618 | 121 | |
| ------------ | ---------- | ------------ | --------- | ---------- | ||
| 69,048 | 81,841 | 150,889 | 124,111 |
| Sale of Investments | ||||||
|---|---|---|---|---|---|---|
| Sale of fixed assets | ||||||
| Loans Received | ||||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 150,889 |
124,111 | ||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Payments | ||||||
| Raising funds | 7 |
465 |
100 | 565 |
554 | |
| Charitable activities | 8 | 72,488 |
25,584 | 98,072 | 95,714 | |
| Other | 9 | 5,102 | 5,102 |
3,680 | ||
| ----------- | ---------- | ---------- | ---------- | ---------- | ||
| 72,953 |
30,786 | 103,739 |
99,948 | |||
| Total Payments | 103,739 |
99,948 | ||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net receipts / (payments) | 690 |
(690) | (690) |
(355) | ||
| Transfers between funds | (690) |
690 | 690 |
355 |
| ---------- | ---------- | ---------- | ---------- |
---------- | |
|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 0.00 | ||
| Funds carried forward | |||||
| CulnadyCONGREGATION OF THE | PRESBYTERIAN CHURCH IN IRELAND | ||||
| STATEMENT OF ASSETS AND LIABILITIES | |||||
| As at 31 December 2023 | Unrestricted | Restricted | Endowment | Total | Total |
| Funds | Funds | Funds | Funds | Funds | |
| 2023 | 2022 | ||||
| £ | £ | £ | £ | £ | |
| Funds Reconciliation | |||||
| Bank and Cash at start of year | 50,331 | 182,252 | 232,583 | 208,420 | |
| Net movement in funds | (1,864) | 49,014 | 47,150 | 24,163 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Bank and Cash at end of year | 48,067 | 231,266 | 279,733 |
232,583 | |
| =====- | ======= | ======= | ======= | ======= | |
| Bank & Cash Balances | |||||
| Bank Current Accounts | 279,733 |
232,584 | |||
| ---------- | ---------- | ||||
| ======= | ======= | ||||
| Other Assets | |||||
| Fixed Assets – Note 10 | |||||
| - Church Premises | 1,262,932 |
1,262,932 | |||
| - Fixtures, Fittings & Equipment | |||||
| - Vehicles | |||||
| Investments – Note 11 | |||||
| ---------- | ---------- | ||||
| 1,262,932 |
1,262,932 | ||||
| ======= | ======= | ||||
| Approved by the Kirk Session at a meeting on 16th October 2024 and signed on its behalf by: | |||||
| Rev John A Martin |
Mr Maurice McNicholl | ||||
| 16thOctober 2024 |
16thOctober 2024 |
Culnady 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 in accordance with the provisions 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.
2. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Recorded giving: | 57,050 | 32,020 | 89,070 | 71,581 | |
| Loose collections | 1,528 | 25,181 | 26,709 | 16,707 | |
| Donations and gifts | |||||
| Gift Aid | 9,071 | 2,288 | 11,359 | 10,443 | |
| Legacies and bequest | 122 | 115 | 237 |
261 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 67,771 | 59,604 | 127,375 |
98,992 |
Culnady CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023
3. CHARITABLE ACTIVITIES
| Unrestricted | Restricted |
Endowment |
Total | Total |
|
|---|---|---|---|---|---|
| Funds | Funds |
Funds |
2023 | 2022 |
|
| £ | £ |
£ |
£ | £ |
|
| Income from charitable activities | 792 | 273 | 1,065 | 1,752 | |
| Fees from funerals | 400 | ||||
| Fundraising events | |||||
| Membership fees (GB,BB,PT) | 1,784 | 1,784 | 1,479 | ||
| Grants | 4,145 | 4,145 | 4,700 | ||
| ---------- | --------- | ---------- | ---------- | ---------- |
|
| 792 | 6,202 | 6,994 | 8,331 | ||
| --------- | ---------- |
---------- |
---------- | ---------- |
|
| 4. OTHER TRADING ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Church/ Manse Farm Income | 15,896 | 15,896 | 16,660 | ||
| ---------- | ---------- | ---------- | --------- | --------- | |
| 15,896 | 15,896 | 16,660 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 5. INVESTMENT INCOME | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 6 | 6 |
7 | ||
| Gen. Investment | |||||
| Rents investment properties | |||||
| Other investment income | |||||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 6 | 6 |
7 |
Culnady CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023
6. OTHER INCOME
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Income from NEELB & NIE wayl’e | 133 | 133 |
121 | |||
| In | memory of- | 485 | 485 | |||
| ----- | ---------- | ---------- | ---------- | ---------- | ||
| 485 | 133 | 618 |
121 | |||
| ---------- | ------- --- | ---------- | ---------- | ---------- | ||
| 7. | RAISING FUNDS | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| FWO env & repair fund env | 465 | 100 | 565 |
554 | ||
| Fundraising events | ||||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 465 | 100 | 565 | 554 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 8. | CHARITABLE ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2023 |
2022 | ||
| £ | £ | £ | £ | £ | ||
| General Assembly Assessments | 19,780 | 19,780 | 19,488 | |||
| Presbytery fees | 369 | 369 |
369 | |||
| Ministry and support staff costs | 31,979 | 31,979 | 30,223 | |||
| Congregational running expenses | 19,112 | 17,551 | 36,663 | 36,903 |
| Donations to Mission [UA, etc] | 7,668 | 7,668 | 6,945 | ||
|---|---|---|---|---|---|
| Bank fees |
248 |
365 | 613 |
786 | |
| Gifts |
1,000 | 1,000 |
1,000 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 72,488 |
25,584 | 98,072 | 95,714 | ||
| ---------- |
----------- | ---------- | ----------- | ---------- |
Culnady CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023
9. OTHER EXPENDITURE
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Properties expenses | 5,102 | 5,102 | 3,680 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 5,102 | 5,102 | 3,680 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- |
10. FIXED ASSETS
The congregation owns the Church premises situated at BT46 5TT and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,262,932
- INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation.
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| General Investment Fund | 15,898 | 15,898 |
Total
15,898
15,898
Culnady CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023
12. FUND BALANCES
| Fund Unrestricted Funds General Fund Restricted Funds Renovation Fund Mission Funds Catering Funds Farm Magazine Fund Boys Brigade Young at Heart PW Girls Brigade Sunday School Youth Clubs Summer Bible Club Deposit Account Senior Citizens Parent and Toddlers Inspire Group United Appeal Pres. Childrens’ Soc. Earl Haig |
Balance at start £ 50,331 ---------- 50,331 ---------- 86,478 664 642 65,415 - 2,002 1,737 1,726 3,822 235 6,572 142 8,995 234 234 3,354 - - - 182,252 232,583 |
Receipts £ 70,142 ---------- 70,142 ---------- 38,183 1,676 1,154 15,946 273 5,474 2,158 887 5,951 652 7 450 - - 268 - 7,183 365 120 80,747 150,889 |
Payment £ 72,696 ---------- 72,696 ---------- 3,328 1,112 1,205 1,879 273 5,364 2,165 950 4,890 875 8 542 - - 324 460 7,183 365 120 31,043 103,739 |
Surplus / (Deficit) Transfer £ £ (1,864) 690 ---------- ---------- (1,864) 690 ---------- -------- 34,855 - 564 - (111) (60) 14,067 - - (190) (7) (63) 761 (223) (1) (92) - - (86) (460) - - - - (300) - - (300) - - - - - (30) - - - - 49,014 690 47,150 (690) |
Balance at end £ 48,467 ---------- 48,467 ---------- 121,333 1,228 531 79,482 - 1,812 1,730 1,663 4,583 12 6,571 50 8,995 234 148 2,894 - - 231,266 279,733 |
|---|---|---|---|---|---|