an CARLAND PRESBYTERIAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restrirted Endowment Funds Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 82183 82183 3879 1213 335 1200 71441 2972 1165 327 335 3879 1213 335 1200 Sale of Investments Sale of fixed assets Loans Received Total Receipts 84931 3879 88810 76240 Payments Raising funds Charitable activities Investment costs Other 64 57444 64 73971 348 39644 16527 4262 4262 3898 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 61770 16527 78297 43890 Net receipts / {payments) Transfers between funds 100 113585) (100} 13585 (361 837 1608 (361 10513 112761 Net movement in funds Funds brought forward 9676 79315 32350 80411 31838 Funds carried forward 12 88991 2409 31838 123238 112761 13
an CARLAND PRESBITERIAN CONGREGATION OF THE pREsBER1AN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2023 Total Funds 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 80411 79315 9676 1608 801 31838 112761 10477 32350 Bank and Cash at end of year 88991 2409 31838 123238 112761 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 123238 112761 123238 112761 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Insurance Value Investments- Note 11 Gift Aid receivable on donations 2173936 2022267 2173936 2022267 Liabilities Loans Other th Approved by the Kirk session at a meeting on 29 September 2024 and signed on its behalf by Rev N James O'Neill Howard McLean Minister Clerk of Session 14 15
an CARLAND PRESBYfERIAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 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. DONATIONS AND LEGACIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 63663 2685 930 14904 63663 2685 930 14904 57407 397 150 13487 82183 82183 71441 16
an CARLAND PRESBERIAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Income from charitable activities Fees from funerals Fundraising events Membership fees Grants 3379 500 3379 500 2972 3879 3879 2972 4. OTHER TRADING ACTIVITIES Unrestrirted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Letting of premises Trading income 654 559 654 559 651 514 1213 1213 1165 5. INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Deposit interest General Investment Fund Rents investment properties Other investment income 335 335 327 335 335 327 17
an CARLAND PRESBYTERIAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Power Nl Energy Scheme 1200 1200 335 1200 1200 335 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 FWO envelopes Fundraising events 348 64 64 64 64 348 CHARITABLE AcfiviTIES Unrestricted Funds Restricted 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 10707 428 24655 19513 1000 10707 428 24655 23334 13706 6185 428 2229 18260 12322 3821 12706 1141 1141 220 57444 16527 73971 39644 18
an CARLAND PRESBYfERIAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 U Utilities 4262 4262 3898 4262 4262 3898 10. FIXED ASSETS The congregational trustees hold the Church premises situated at Gortnaglush Road , Dungannon and the associated fixtures, fittings . These have an insurance value of £ 2173936 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 General Investment Fund Property Manse Land which is rented privately Other investments 50648 620 23330 620 Nat West Shares 29937 81205 23950 19
an CARLAND PRESBYTERIAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 31 December 2023 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer {Deficit) Balance at end Unrestricted Funds General No l Account 100 (13585) 79315 84931 61770 88991 79315 84931 61770 13485 88991 Restricted Funds Sunday School Project 2023 403 403 Presbyterian Woman Breakfast Mission and Charities Sunday School Account Bowling Club Sanctuary Fellowship Account Presbyterian Woman 96 96 12706 550 12706 224 550 (149) 100 75 619 229 536 390 190 375 2207 (100) 500 379 819 354 1161 2440 13 1608 3879 16527 (36) 13485 2409 Endowment Funds McAllister Fund Various Funds 14387 17451 14387 17451 31838 31838 Total 112761 88810 78297 (36) 123238 20