**BALTEAGH A Congregation of the Presbyterian Church in Ireland** ## **STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31st December 2022** |Note
**Receipts**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investment Income
5
Other
6
Sale Of Investments
Sale Of Fixed Assets
Loans Received
**Total Receipts**
**Payments**
Raising Funds
7
Charitable activities
8
Investment Costs
Other
9
Purchase Of Investments
Purchase Of Fixed Assets
Loan Repayments
**Total Payments**
Net Receipts/(Payments)
Transfers between Funds
Net movement of funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12|Unrestricted
Funds
49954
0
502
346
1504
52306
0
49726
0
49726
2580
-1110
1470
27548
29018|Restricted
Funds
18295
1536
5
350
705
20891
0
20550
0
20550
341
1110
1451
86845
88296|Endowment
Funds
0
0
0
0
0
0
0
0|Total
Funds
2022
68249
1536
507
696
2209
73197
0
70276
0
70276
2921
0
2921
114393
117314|Total
Funds
2021
61863
1583
367
660
1004
65477
0
61729
0
61729
3748
0
3748
109930
114393| |---|---|---|---|---|---| PAGE 1 **BALTEAGH A Congregation of the Presbyterian Church in Ireland** ## **STATEMENT OF ASSETS AND LIABILITIES for the year ended 31st December 2022** |**Funds Reconciliation**
Bank And Cash At Start Of Year
Net Movement In Funds
Bank And Cash At End Of Year
**Bank And Cash Balances**
Bank Deposit Accounts
Bank Current Accounts
Cash In Hand
**Other Assets**
Fixed Assets- Note 10
Church Premises
Fixtures Fittings & Equipment
Vehicles
Investments - Note 11
Gift Aid receivable On Donations|Unrestricted
Funds
£
27548
1470
29018|Restricted
Funds
£
86845
1451
88296|Endowment
Funds
£
0
0
0|Total
Funds
2022
£
114393
2921
117314
42,212
75,102
0
117,314|Total
Funds
2021
£
109930
3748
113678
42,212
71,466
0
113,678| |---|---|---|---|---|---| **Liabilities** Loans Other Approved by the Kirk Session at a meeting on 20th Feb 2023 and signed on its behalf by NAME NAME William Alcorn William Purcell DATE DATE **20/02/2023 20/02/2023** PAGE 2 **BALTEAGH A Congregation of the Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS 31st December 2022** ## **1. ACCOUNTING POLICIES** ## **BASIS OF FINANCIAL STATEMENTS** As the total income of the congregation is less than £250000 the congregation has 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** |Recorded Giving :
Loose Collections
Donations And Gifts
Gift Aid
Legacies And Bequests|Unrestricted
Funds
£
42245
244
345
7120
0
49954|Restricted Funds
£
8514
7629
50
2102
0
18295|Endowment
Funds
£
0
0
0
0
0
0|Total
Funds
2022
£
50759
7873
395
9222
0
68249|Total
Funds
2021
£
49549
2374
1100
8840
0
61863| |---|---|---|---|---|---| PAGE 3 **BALTEAGH A Congregation of the Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont'd) 31st December 2022** |3.
**CHARITABLE ACTIVITIES**
Unrestricted
Funds
£
Income from Charitable
Activities
0
Fees from Weddings and
Funerals
0
Grants
0
0
**4.**
**OTHER TRADING ACTIVITIES**
Unrestricted
Funds
£
Fundraising Events
0
Letting Of Premises
502
Trading Income
0
502
**5.**
**INVESTMENT INCOME**
Unrestricted
Funds
£
Deposit Interest
54
General Investment Fund
0
Property Rents
0
Other Investment Income
292
346|Restricted
Funds
£
0
0
1536
1536
Restricted
Funds
£
5
0
0
5
Restricted
Funds
£
3
0
0
347
350|Endowment
Funds
£
0
0
0
0
Endowment
Funds
£
0
Endowment
Funds
£
0|Total
Funds
2022
£
0
0
1536
1536
Total
Funds
2022
£
5
502
0
507
Total
Funds
2022
£
57
0
0
639
696|Total
Funds
2021
£
315
0
1268
1583
Total
Funds
2021
£
125
242
0
367
Total
Funds
2021
£
42
0
0
618
660| |---|---|---|---|---| PAGE 4 **BALTEAGH A Congregation of the Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont'd) 31st December 2022** |**6.**
**OTHER INCOME**
Unrestricted
Funds
£
Proceeds on sale of fixed assets
and investments
0
Insurance Claims
0
Loans Received
0
Other Income
1504
1504
**7.**
**RAISING FUNDS**
Unrestricted
Funds
£
FWO Envelopes
0
Fundraising Events
0
0
**8.**
**CHARITABLE ACTIVITIES**
Unrestricted
Funds
£
General Assembly Assessments
8984
Presbytery Fees
294
Ministry and Support Staff Costs
30813
Congregational Running Expenses
9635
Donations to Missions and
Charities
0
Governance Costs
0
49726|Restricted
Funds
£
0
0
0
705
705
Restricted
Funds
£
0
0
0
Restricted
Funds
£
0
0
0
8025
10487
2038
20550|Endowment
Funds
£
0
Endowment
Funds
£
0
Endowment
Funds
£
0
0
0
0
0
0
0|Total
Funds
2022
£
0
0
0
2209
2209
Total
Funds
2022
£
0
0
0
Total
Funds
2022
£
8984
294
30813
17660
10487
2038
70276|Total
Funds
2021
£
0
0
0
1004
1004
Total
Funds
2021
£
0
0
0
Total
Funds
2021
£
9045
240
29526
11443
10075
1400
61729| |---|---|---|---|---| PAGE 5 ## **BALTEAGH** ## **A Congregation of the Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont'd) 31st December 2022** ## **9. OTHER EXPENDITURE** **----- Start of picture text -----**
£ £ £ £ £
Investment Properties Expenses 0 0 0 0
0 0 0 0 0
Funds Funds
2022 2021
Funds Funds Funds
Restricted
Unrestricted Endowment
Total Total
**----- End of picture text -----**
## **10. FIXED ASSETS** The congregation owns the Church premises situated at 199 Drumsurn Road Limavady and the associated fixtures, fittings, plant and machinery, and the manse situated at 30 Ballyleagry Road Limavady. These have an insurance value of £2,907,751 at the last renewal date 31st Oct 2022 ## **11. INVESTMENTS** The congregation has the following investments. Amounts are shown at market valuation. |General Investment Fund
Property
Other Investments|2022
£
0
0
0
0|2021
£
0
0
0
0| |---|---|---| PAGE 6 ## **BALTEAGH A Congregation of the Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont'd) 31st December 2022** |**10.**
**FUND BALANCES**
**(1)**
**Unrestricted Funds**
General Fund
General Fund (Bequest)
**(11)**
**Restricted Funds**
Property Fund
Missions And Charities Fund
Sunday School
Catering Fund
Midweek Fellowship
Presbyterian Women
Boys Brigade
Girls Brigade
Youth & Children
Youth Club
Bowling Club
Investment Fund
**(111)**
**Endowment Funds**
General Fund
Property Fund
Sunday School
McKay Trust
Endowments for Others|2022
£
29018
0
29018
2022
£
26868
0
1066
12807
0
1851
840
1929
0
195
528
42212
88296
2022
£
0
0
0
0
0
0|2021
£
27548
0
27548
2021
£
23874
1088
1096
12834
0
2100
765
2228
0
195
453
42212
86845
2021
£
0
0
0
0
0
0| |---|---|---| PAGE 7 **BALTEAGH A Congregation of the Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont'd) 31st December 2022** ## **10. FUND BALANCES** |**(1V)**
**Reconciliation OF**|**MOVEMENT**|**OF FUNDS**|**OF FUNDS**|||| |---|---|---|---|---|---|---| |**Unrestricted Funds**|Balance|Income|Expend.|Gains/|Transfer|Balance| ||at Start|||Losses||at End| ||£|£|£|£|£|£| |General Fund|27548|52306|49726||-1110|29018| |General Fund (Bequest)||0||||0| ||27548|52306|49726||0
-1110|29018| |**Restricted Funds**||||||| |Property Fund|23874|6757|3763||0|26868| |Missions And Charities Fund|1088|7257|9955||1610|0| |Sunday School|1096|772|802||0|1066| |Catering Fund|12834|0|27||0|12807| |Midweek Fellowship|0|0|0||0|0| |Presbyterian Women|2100|1765|2014||0|1851| |Boys Brigade|765|100|25||0|840| |Girls Brigade|2228|3555|3854||0|1929| |Youth & Children|0|0|0||0|0| |Youth Club|195|0|0||0|195| |Bowling Club|453|685|110||-500|528| |Investment Fund|42212|0|0||0|42212| ||86845|20891|20550||0
1110|88296| ## **Endowment Funds** |General Fund
Property Fund
Sunday School
McKay Trust
Endowments for Others
TOTAL|0
0
0
0
0
0
0
0
0
0
0
114393
73197
70276
0
0
117314| |---|---| PAGE 8