TRINITY OMAGH CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTh {ReIptS and Payments Account) for the year ended 31 December 2023 Note Unrestrirted Funds Restrlcted Endowment Funds Funds Total 2023 Total 2022 Recelpts Donations and legacies Charitable activities Other trading activities Investment Income Other 67,591 20,247 427 87,838 427 11,425 6,746 1,119 87,771 160 9,051 6,211 336 11,425 1,378 5,368 1,119 Total Receipts 80,394 27.161 107.555 103,529 Payments Raising funds Charitable activities Other 890 71,890 890 106,020 824 93,932 34,130 Total Payments 72,780 34,130 106,910 94,756 Net receipts / (payments) Transfers between funds 7.614 -6,969 888 645 8,773 Net movement In funds Gains on investment5 Funds brought forward 6,726 -6,081 645 8,773 30.975 65,348 96,323 87,550 Fund5 carried forward 12 37,701 59,267 96,968 96,323 12
TRINITY OMAGH CONGREGAnoN OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Unrestrirted Funds Restrirted Funds Endowment Funds Total Funds 2023 Total Funds 2022 Funds Reconclllatlon Bank and Cash at start of year Net movement In fund5 30,975 6,726 65,348 -6,081 96,323 645 87,550 8,773 Bank and Cash at end of year 37,701 59.267 96,968 96,323 Bank & Cash Balan¢es Bank Current Accounts Bank Deposit Accounts 59,717 37,251 59,506 36,817 96,968 96,323 Other Assets Fixed A55ets- Note 10 Investments - Note 11 Net Assets Approved by the Kirk Session on and signed on its behalf bv: Rev Jane Nelson Mrs Claire McElhinney Mr Ronald Keys Date: Date: Date: 13
TRINITY OMAGH CONGREGAnON OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POUCIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the conggatIon 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 elther 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. Restritted 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. Unrestritted funds are Income funds which are to be spent on the congregation's general purposes. t)esignated funds are general funds set aside by the congregation for use In the future. DONATIONS AND LEGACIES Unrestricted Fund5 Restrlcted Endowment Funds Funds Total 2023 Total 2022 Recorded giving: Loose collections Donations and 8ifts Gift Aid Legacies and bequests 54,357 520 911 11,218 585 13,614 2,190 67,971 2,710 911 14,661 1,585 67,081 1,842 1,026 14,822 3,000 3.443 1,000 67.591 20,247 87,838 87,771 14
TRINITY OMAGH CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE Accouiwrs 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fee5 Grants/Gifts 167 167 260 260 160 427 427 160 4. OTHER TRADING ACTivrriES Unrestricted Funds Restrlcted Endowment Funds Funds Total 2023 Total 2022 Letting of premises Insurance of premises Wayleave Book Sales 10,910 501 14 10,910 501 14 8,550 487 14 11,425 11,425 9,051 INVESTMENT INCOME Unrestrirted Funds Restrirted Endowment Funds Funds Total 2023 Total 2022 Deposlt interest General Investment Fund Rent5 investment properties 1,000 378 30 5,338 1,030 5,716 284 5,927 1.378 5,368 6,746 6,211 15
TRINITY OMAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2023 OTHER INCOME Unrestrlcted Funds Restrlcted Endowment Funds Funds Total 2023 Total 2022 Insurance claims Other income 1,119 1,119 336 1.119 1,119 336 RAISING FUNDS Unrestricted Fund5 Restritted Endowment Funds Funds Total 2023 Total 2022 FWO envelopes Fundraising events 890 890 824 890 890 824 CHARITABLE ACTIVITIES Unrestricted Funds Restrfcted Endowment Funds Funds Total 2023 Total 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 6,228 500 51,177 13,685 6,228 500 52,319 33,163 13,510 6,513 489 49,389 20,928 16,313 1,142 19,478 13,510 300 300 300 71,890 34,130 106,020 93,932 16
TRINITY OMAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2023 OTHER EXPENDITURE Unrestrlcted Funds Restrirted Endowment Funds Funds Total 2023 Total 2022 Investment properties expenses 10. FIXED ASSETS The congregation own5 the Church premlses situated at John Street, Omagh, Co Tyrone, BT78 IDH, the Church Hall, the Sexton's House at 40 John Street, the Manse at 10 Mullaghmenagh Avenue, Omagh, Tyrone, BT78 5QH, and the associated fixtures, fittings, plant and machinery. These have an insurance value of £4,345.973 11. INVESTMENTS The congregation has the following inve5tmefits. Amounts are shown at market valuation. 2023 2022 General Investment Fund (22,056 shares) Other investments 274,057 256,949 274,057 256,949 Investments are omitted from the Statement of Assets and Liabilities as they are non-cashlbank related endowment fund5. 17
TRINITY OMAGH CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE Accouiwfs (conV.d} 31 December 2023 12. FUND BALANCE5 Fund Balance at start Receipts Payment Surplus / Transfers {Deflclt) Balance at end Unrestricted Funds General Fund 30,975 80,394 -72,780 7,614 -888 37,701 Total UF 30,975 80,394 -72,,780 7,614 -888 37,701 Restricted Funds Property United Appeal World Development Moderatorfs Appeal Leprosy Mission Pre5 Children's Society Poppy Appeal Students, Bursary Fund pw Cholr Sunday School Monteith Presbyterian Heralds Bequest for Minister 60.261 172 10,946 7,211 4,885 409 -16,133 -7,425 -4,885 -409 -5,187 -214 55,074 42 210 -210 1,796 1,815 1.183 78 430 262 394 1,142 -861 -80 -1.276 -1,304 .394 -1.142 322 2.118 1,813 -846 -1,042 1,304 262 Total RF 65.348 27,161 -34,130 -6,969 59,267 Endowment Funds General Investment Fund Non GIF Total EF Totals 96,323 lo755 -106.910 645 96,968 18