FIRST STEWARTSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements
for the year ended 31 December 2022
Registered Charity in Northern Ireland (NIC105606)
0
FIRST STEWARTSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022
| Note | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Receipts | |||||
| Donations and legacies | 38912 | 5871 | 44783 | 39932 | |
| Charitable activities | - | 47093 | 47093 | 4168 | |
| Other trading activities | - | 4160 | 4160 | 4160 | |
| Investment Income | 707 | 21847 | 22554 | 14180 | |
| Other | 1009 | 128 | 1137 | 260 | |
| ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 40628 | 79099 | 119727 | 62700 | |
| ---------- | ---------- | ---------- | ---------- | ||
| Payments | |||||
| Raising funds | 354 | - | 354 | 354 | |
| Charitable activities | 42520 | 60804 | 103324 | 72057 | |
| Investment costs | |||||
| Other | - | 23304 | 23304 | 14680 | |
| ---------- | ---------- | ---------- | ---------- | ||
| Total Payments | 42874 | 84108 | 126982 | 87091 | |
| ---------- | ---------- | ---------- | ---------- | ||
| Net receipts / (payments) | (2246) | (5009) | (7255) | (24391) | |
| Transfers between funds | 4553 | (4553) | - | - | |
| ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | 2307 | (9562) | (7255) | (24391) | |
| Funds brought forward | 7210 | 102649 | 109859 | 134250 | |
| ---------- | --------- | ---------- | ---------- | ||
| Funds carried forward | 9517 | 93087 | 102604 | 109859 | |
| ====== | ====== | ====== | ====== |
1
FIRST STEWARTSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022
| STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 |
|
|---|---|
| Unrestricted Funds Restricted Funds Total Funds 2022 Total Funds 2021 £ £ £ £ Funds Reconciliation Bank and Cash at start of year 7210 102649 109859 134250 Net movement in funds 2307 (9562) (7255) (24391) ---------- ---------- ---------- ---------- Bank and Cash at end of year 9517 93087 102604 109859 ====== ======= ======= ======= Bank & Cash Balances Bank Deposit Accounts - 711 711 - Bank Current Accounts 9517 90122 99639 107605 Cash in Hand - - - - ---------- ---------- 100350 107605 ======= ======= Other Assets Fixed Assets – Note 10 - Church Premises - Fixtures, Fittings & Equipment - Vehicles Investments – Note 11 2254 2254 Gift Aid receivable on donations ---------- ---------- 102604 109859 ======= ======= Liabilities Loans Other ---------- ---------- ======= ======= |
|
| Liabilities Loans Other ---------- --------- ======= ======= |
Liabilities Loans Other ---------- --------- ======= ======= |
| Approved by the Kirk Session at a meeting on and signed on its behalf by [Name] [Name] [Date] [Date] |
| ---------- 102604 ======= |
--------- 109859 ======= |
||
|---|---|---|---|
| Liabilities | |||
| Loans | |||
| Other | |||
| ---------- | --------- | ||
| ======= | ======= | ||
| Approved by the Kirk Session at a meeting on | and signed on its | behalf by | |
| [Name] | [Name] | ||
| [Date] | [Date] |
2
FIRST STEWARTSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS
31 December 2022
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 | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Recorded giving: | ||||
| Loose collections and FWO | 29171 | 1911 | 31082 | 28764 |
| Donations and gifts | 4017 | 1331 | 5348 | 5881 |
| Gift Aid | 5724 | - | 5724 | 5287 |
| Legacies and bequest | - | 2629 | 2629 | - |
| ---------- | ---------- | ---------- | ---------- | |
| 38912 | 5871 | 44783 | 39932 | |
| ---------- | ---------- | ---------- | ---------- |
3
FIRST STEWARTSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2022
3. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Income from charitable activities | - | 33365 | 33365 | 1443 |
| Fees from weddings and funerals | - | - | - | 100 |
| Headstone Erections | - | - | - | - |
| Membership fees | - | 1878 | 1878 | 625 |
| Grants | - | 11850 | 11850 | 2000 |
| ---------- | ---------- | ---------- | ---------- | |
| - | 47093 | 47093 | 4168 | |
| ---------- | ---------- | ---------- | ---------- | |
| 4. OTHER TRADING ACTIVITIES | ||||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Manse Rental Income | - | 4160 | 4160 | 4160 |
| ---------- | ---------- | ---------- | ---------- | |
| - | 4160 | 4160 | 4160 | |
| ---------- | ---------- | ---------- | ---------- | |
| 5. INVESTMENT INCOME |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Deposit interest | - | 152 | 152 | 131 |
| General Investment Fund | - | - | - | - |
| Farmland Lettings | - | 21695 | 21695 | 13525 |
| Other investment income | 707 | - | 707 | 524 |
| ---------- | ---------- | ---------- | ---------- | |
| 707 | 21847 | 22554 | 14180 | |
| ---------- | ---------- | ---------- | ---------- |
4
FIRST STEWARTSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
6. OTHER INCOME
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Magazines | 300 | - | 300 | - |
| Insurance Claims | - | - | - | - |
| Heat & Light Contribution | 460 | - | 460 | 260 |
| Other Income | 249 | 128 | 377 | - |
| ---------- | ---------- | ---------- | ---------- | |
| 1009 | 128 | 1137 | 260 | |
| ---------- | ---------- | ---------- | ---------- |
7. RAISING FUNDS
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| FWO | envelopes | 354 | - | 354 | 354 |
| ---------- | ---------- | ---------- | ---------- | ||
| 354 | - | 354 | 354 | ||
| ---------- | ---------- | ---------- | ---------- | ||
| 8. | CHARITABLE ACTIVITIES | ||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| General Assembly Assessments | 21724 | - | 21724 | 21032 | |
| Presbytery fees | 173 | - | 173 | 173 | |
| Ministry and support staff costs | 5750 | - | 5750 | 5763 | |
| Congregational running expenses | 14853 | 49059 | 63912 | 36989 | |
| Donations to Missions and charities | 20 | 11745 | 11765 | 8100 | |
| Governance costs | - | - | - | - | |
| ---------- | ---------- | ---------- | ---------- | ||
| 42520 | 60804 | 103324 | 72057 | ||
| ---------- | ---------- | ---------- | ---------- |
5
FIRST STEWARTSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
9. OTHER EXPENDITURE
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Brigh Manse Repairs | - | - | - | - |
| Property Expenses | - | 23304 | 23304 | 14680 |
| ---------- | ---------- | ---------- | ---------- | |
| - | 23304 | 23304 | 14680 | |
| ---------- | ---------- | ---------- | ---------- |
10. FIXED ASSETS
The congregation owns the Church premises situated at Stewartstown and the associated fixtures, fittings, plant and machinery. In addition the church previously received a legacy of agricultural land. This farm is let out under a seasonal letting arrangement.
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| General Investment Fund | ||
| Property | ||
| Other investments – RBS Shares | 2254 | 2254 |
| ---------- | ---------- | |
| 2254 | 2254 | |
| ---------- | ---------- |
6
FIRST STEWARTSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
12. FUND BALANCES
| Fund | Balance at | Receipts | Payment | Surplus / | **Transfer ** | Balance at |
|---|---|---|---|---|---|---|
| start | (Deficit) | end | ||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| No 1 Account | 7210 | 40628 | 42874 | (2246) | 4553 | 9517 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 7210 | 40628 | 42874 | (2246) | 4553 | 9517 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted Funds | ||||||
| Repair Fund No 2 Account | 14322 | 8186 | 25384 | (17198) | 19786 | 16910 |
| Farm Account No 3 Account | 75577 | 31559 | 12254 | 19305 | (34880) | 60002 |
| United Appeal | - | - | 2859 | (2859) | 2859 | - |
| Children’s Society | - | - | - | - | - | - |
| Christian Aid | - | - | 22 | (22) | 22 | - |
| Moderator’s Appeal | - | - | 1730 | (1730) | 1730 | - |
| Belfast City Mission | - | - | 500 | (500) | 500 | - |
| Wycliffe Bible Translators | - | - | 2580 | (2580) | 2580 | - |
| S & A Cowan | - | - | 500 | (500) | 500 | - |
| Irish Mission | - | - | 500 | (500) | 500 | - |
| OMS – Kelly’s | - | - | 500 | (500) | 500 | - |
| Megan Beahr | - | - | 500 | (500) | 500 | - |
| Open Doors | - | - | 500 | (500) | 500 | - |
| Café Connect | - | 31616 | 25629 | 5987 | - | 5987 |
| Girls Brigade | 5275 | 6449 | 8939 | (2490) | - | 2785 |
| Sunday School | 661 | 457 | 342 | 115 | - | 776 |
| Youth Fellowship | 958 | 1 | 354 | (353) | - | 605 |
| PW | 1862 | 232 | 310 | (78) | - | 1784 |
| Bowling Club | 821 | 130 | 85 | 45 | - | 866 |
| Parents & Tots | 325 | 469 | 270 | 199 | - | 524 |
| Family Club | 594 | - | - | - | - | 594 |
| Magazines | - | - | 350 | (350) | 350 | - |
| RBS Shares | 2254 | - | - | - | - | 2254 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 102649 | 79099 | 84108 | (5009) | (4553) | 93087 | |
| ---------- | ---------- | ----------- | ----------- | ----------- | ---------- | |
| Total | 109859 | 119727 | 126982 | (7255) | - | 102604 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |
7