Charity No: NIC105598 Aughnacloy Congregation of the Presbyterian Church in Ireland Trustee Report and Receipts and Payments Account for the year ended 31 December 2023
Aughnacloy Congregation of the Presbyterian Church in Ireland 5taternent of Receipts and Payments - Year Ended 31 December 2023 Note Unrestritted Restricted Funds Funds Endowment Funds Total 2023 Total 2022 Receipts Donations & Legacies Charitable Activities Other trading activitie5 Investment income Other income 51,138 23,044 7,783 3,916 74,182 7,783 4,516 68,813 9,223 3,955 600 1,258 1,258 1,444 Total Receipts 51,738 36.008 87,746 83,438 Payment5 Choritable Activities Fixed Assets 46.922 32,849 79,771 70,459 3,147 Total Payment5 46,922 32,849 79,771 73,606 Net Receipts / Payment5 Transfers net 4.816 11,3201 3,159 1,320 7,975 9,832 Net movement in funds 3,496 4,479 7,975 9,832 Funds brought forward 01 January 2023 27,927 13.785 63,775 53,943 Deduct non cash/bank related Endow Funds Funds carried forward 31 December 2022 31.423 18,264 71,750 63,775
Aughnadoy Congregatlon of the Presbyterlan Churth In Ireland Statement of Assets and Llablllties - Year Ended 31 Dember 2023 Unrestricted Restricted Funds Funds Endowment Funds Total 2023 Total 2022 Funds Reconclllatlon Bank and cash at start of year 22.951 50,878 41,047 27,927 7.975 9,832 Net movement in funds 3,496 4.479 50,879 Bank & cash at end of year 31,423 27.430 58,853 Bank & Cash Balances Bank Current Accounts Cash in Hand 27,327 103 58,750 103 50,776 103 31,423 50.879 Total 31.423 27,430 58,853 Memorandum Note Only Investments Endowment Investments 255,596 £ 255,596 £ 275.411 Llabllltles (Restrfcted Funds) Members Loan to support construrtlon of new Churth Hall (2018} £ 44,OCK> £ 46,( Flxed Assets Assets retained forthe Church's own use comprtse the following properties and a stated at insured valuatlons:. Churth, Church Hall and contents Manse and Sexton House 3.069,382 2,740,519 563,501 503,125 Approved by trustees on at a meeting on 1910512024 and signed on its behalf by. Mr Dek Loane Trustee Dr Cecil Givan Trustee
Aughnacloy Congregation of the Presbyterian Church In Ireland Notes to Accounts - Year Ended 31 December 2023 I. 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 di5cretion- 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 lal income from endowments which is to be expended only on the restricted purp05e5 intended by the donor and Ibl revenue donations or grants for a specific congregational artivity intended by the donor. Where these fund5 have unspent balances, interest on their pooled investment 15 apportioned to the individual funds on an average balance basis. Unrestricted funds are income funds which are to be spent on the con8regation'5 general purp05e5. Designated funds are general funds set aside by the congregation for use in the future. RECEIPTS 2. DONATIONS & LEGACIES Unrestricted Restritted Funds Funds Endowment Funds Total 2023 Loose collections Donation5 & gifts Gift Aid Legacies & bequest 1,392 41.780 7,673 293 1,392 55,073 8,926 8,791 13,293 1,253 8,498 51,138 23.044 74,182 3. CHARITABLE AcfiviTIES Unrestritted Restricted Funds Fund5 Endowment Fund5 Total 2023 Income from charitable activity & fundraising Membership Fees Grants 520 1.113 6,150 520 1,113 6,150 7,783 7,783
Aughnacloy Congregation of the Presbyterian Church in Ireland Notes to Accounts- Year Ended 31 December 2023 4. OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds Endowment Funds Total 2023 Letting of Premlses 600 3.916 4,516 600 3.916 4,516 5. INVESTMENT INCOME Unrestricted Restricted Funds Funds Endowment Funds Total 2023 Bank Interest 6. OTHER INCOME Unrestricted Restricted Funds Funds Endowment Fund5 Total 2023 Other 1.258 1,258 1,258 1.258 PAYMENTS 7. CHARITABLE AcfiviTES Unrestritted Restricted Funds Funds Endowment Fund5 Total 2023 General Assembly Assessments & Payments Presbytery Fees C05t of Fundraising Ministry & support staff Running expenses Donation5 to Mission5/Charities Governance costs 8,197 319 8,197 319 29,162 8,536 29.162 27,852 13,533 708 19,316 13,533 708 46,922 32,849 79.771
Aughnacloy Congregation of the Presbyterian Church in Ireland Notes to Accounts - Year Ended 31 December 2023 8. FUND BALANCES Balance at start Receipts Payments Surplus/ IDeficitl Transfers Balance at end nett Unrestricted Funds General 27,927 51,738 46,922 3,496 11,3201 31,423 27.927 51,738 46.922 3.496 11,3201 31,423 Restrlcted Funds United Appeal General Missions Fund Presbyterian Children's Society Moderators Appeal - Turkey & Syria Earthquake Logos Ministries Stand by Me Ministries Gideons Repairs Sunday School Rooted Boys Brigade Presbyterian Women 4,506 6.909 550 550 4,506 6,909 550 550 100 ICKJ 120 loo loo 120 13,478 2,000 1.974 4,579 920 11,955 343 5.150 5,292 753 5.582 1.469 6.154 5,819 990 6,373 11261 11,0041 15271 12371 19,851 1,874 970 4,052 683 1,000 22.951 36,008 32,849 4,479 1.320 27,430 Total Funds 50,878 87,746 79,771 7,975 58,853