an DRAPERSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 Draperstown Presbyterlan Church Receipts and Paymants Account for the year ended 31 December 2023 Unrestrlcted Restrlcted Funds Fund8 2023 2023 Total Totsl Note 2023 2022 Recei Weekly Freewill Offering Sabbath Collection Special Collections Gift Aid Gift Aid - GASDS Investment income Other receipts Receipts regarding Organisations Total Recei t8 13,705.10 413.55 13,705.10 413.55 7,084.00 4,655.15 73.00 1,125.94 7,043.37 1,155.68 1,155.68 8,656.87 35,255.79 26,352.42 12,659.40 50.80 5,911.77 7,084.00 4,655.15 73.00 708.75 7,043.37 417.19 183.91 6,553.72 992.82 26,598.92 Pa ments General Assembly Assessments Church Running Costs Sunday School Costs Manse Costs Administration Costs Charitable Donations Payments Regarding Organisations Total Pa ments 8,994.13 4,903.27 8,994.13 4,903.27 8,446.17 6,494.18 4,625.06 5,518.66 418.00 4,625.06 5,518.66 1,728.00 957.76 4,433.14 5,044.03 6,673.53 662.93 1,310.00 957.76 10 24,459.12 2,267.76 26,726.88 31,753.98 Excess of Recelpts over Payments for the year before transfer8 2,139.80 6,389.11 8,528.91 15,401.55) Capital payments Transfers Transfer to investment 192,116.63) Net movement In funds 2,139.80 6,389.11 8,528.91 197,518.18) Funds brought forward 75,005.06 9,049.43 84,054.49 181,572.67 Funds carried forward 11 77,144.86 15,438.54 92,583.40 84,054.49
an DRAPERSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS & LIABILITES AS AT 31 DECEMBER 2023 Unrestrlcted Funds Total Funds Restricted Funds 2023 Total Funds 2023 2023 2022 Funds Reconcillation Bank and Cash at start of year Net movement in funds Transfer From Deposit Account to Investment 75,005.06 2,139.80 9,049.43 84,054.49 181,572.67 6,389.11 8,528.91 15,401.55) (92,116.631 Bank and Cash at end of year 77,144.86 15,438.54 92,583.40 84,054.49 Bank & Cash Balances Current Accounts Deposit Accounts Cash Total Cash Funds 15,460.25 61,684.61 3,302.23 18,762.48 11,973.80 73,658.41 162.51 162.51 77,144.86 15,438.54 92,583.40 84,054.49 11,420.61 72,471.37 162.51 11 OTHER ASSETS Investment Asset8 Investments Other Listed Investments NFU Investment Investment Properties Total Invostmont Assets 2,760.54 92,116.63 2,760.54 2,760.54 4,294.76 96,411.39 92,116.63 12 94,877.17 4,294.76 99,171.93 94,877.17 Flxed Assets 13 Manse Glebe Land Church Disabled Toilets Total Flxed Assets 160,000.00 250,000.00 10,318.00 420,318.00 160,000.00 160,000.00 250,000.00 250,000.00 10,318.00 10,318.00 420,318.00 420,318.00 Approved by the Kirk Session at a meeting on the 25th March 2024 and signed on its behalf by Reverend T Boyd Mr Stephen inton Minister Trust 10
an DRAPERSTOWN CONGREGATION OF THE PRESBYTERIAN 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 c8Pltal 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 (al income from endowments which is to be expended only on the restricted purposes intended by the donor and {bl 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. STATEMENT OF ASSETS AND LIABILITIES FIXED ASSETS The assets of the congregation, retained for its own use comprise:. Church Building and Graveyard Manse Glebe land The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Manse and Glebe land has been recognised on values which the Trustees deem to represent the estimated fair value of the propety at 1 January 2018. No depreciation has been provided on this building as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. 11
an DRAPERSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 2. Special collections Unrestrlcted Restrlcted 2023 2023 Total Total 2022 Donor 2023 United Appeal United Appeal re 180th Anniversary Collection Harvest Envelope & Loose Offering Presbyterian Children's Society Gospel Music Evening Tear Fund Moderator's Appeal for Ukraine St. Patrick's Open Day - Ukraine Collection Turkey-syria Earthquake Appeal TOTAL 1,255.00 671.00 2,270.00 356.51 1,310.00 1,255.00 671.00 2,270.00 356.51 1,310.00 1,095.00 2,259.70 295.00 812.00 199.00 720.00 531,07 537.40 684.09 537.40 684.09 7,084.00 7,084.00 5,911.77 3. Other recelpts Unrestrlcted Re8trlcted 2023 2023 Total 2023 Total 2022 Donor Land & Rallway Rent (Net of Feel Wayleave Manse Rent Presbyterian Herald Sale of Calendars Donations- Barney McAuley Donation from Capernwray Team members Sale of Trees at Manse 2,095.00 211.37 2,095.00 211.37 4,607.00 40.00 20.00 50.00 20,00 2,095.00 247.72 3,993.00 18.00 4,607.00 40.00 20.00 50.00 20.00 50.00 150.00 7,043.37 7,043.37 6,553.72 4. Receipts regarding Organisations Unrestrlcted Restrlcted 2023 2023 Total 2023 Total 2022 Tobermore & Draperstown P.W Sunday school TOTAL 1,155.68 1,155.68 992.83 1,155.68 1,155.68 992.83 12
an DRAPERSTOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 5. Church running costs Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Tobermore Presbyterian 1/3 Expenses Grass Cutting etc Electricity Water rates Repairs Sundry expenses TOTAL 371.80 950.00 3,177.02 182.85 171.60 50.00 371.80 950.00 3,177.02 182.85 171.60 50.00 656.00 1,499,00 3,346.66 218.70 773.82 4,903.27 4,903.27 6,494.18 6. Sunday School costs Unrestrlctad Restrlctod 2023 2023 Total 2023 Totsl 2022 Sundry Expenses Sunday School Expenses TOTAL 7. Manse costs Unrestrlcted Rostrlcted 2023 2023 Total 2023 Total 2022 Insurance Rates 250.00 1,278.43 75.98 20.65 250.00 1,278.43 75.98 20.65 200.00 1,199.74 119.39 21.01 Water Rates Bank Charges Contribution to Manse Renovation Hedge Cutting Painting New Boiler and Installation Sundry TOTAL 245.00 2,648.00 3,000.00 3,000.00 4,625,06 4,625.06 4,433.14 13
an DRAPERSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 8. Administration costs Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Printing Postage & Stationery Orga nists Calendars Advert Insurance Insurance Presbyterian Herald St Patrick'5 Open Day Expenses Audit & Accountancy Sundry Bank fees Speakers Ballinascreen 180th Anniversay Booklets TOTAL 541.00 1,681,00 392.00 58,00 749.31 541.00 1,681.00 392.00 58.00 749.31 165.00 1,666.50 293.00 669.47 735.00 30.00 247.06 990,00 118.00 50.00 80,00 36.00 488.15 1,080.00 156.20 36.00 488.15 1,080.00 156.20 loo.00 100.00 237.00 237.00 5,518.66 5,518.66 5,044.03 9. Charltable donatlons Unrestrlcted Restrlcted 2023 2023 Total 2023 Total 2022 United Appeal 2020 United Appeal 2021 United Appeal 2022 Tear Fund Hope 365 Presbyterian Children's Society Gary & Mary Reid Open Doors Moderator's Appeal for Ukraine St. Patrick's Open Day - Ukraine Collection Donation for Attendance at Capernwray TOTAL 785.00 835.00 1,095.00 199.00 660.00 660.00 295.00 2,089.45 124.01 720.00 531.07 168.00 650.00 818.00 250.00 250.00 418.00 1,310.00 1,728.00 6,673.53 10. Payments regardlng Organlsatlon8 Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Tobermore/Draperstown P.W. TOTAL 957.76 957.76 662.93 957.76 957.76 662.93 14
an DRAPERSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 11. Movement in Funds AtlJan Incoming Outgolng Transfers Transfer to Investment At 31 Dec 2023 Resources Resource8 2023 Restrlcted funds TobermorelDraperstown 397.43 1,155.68 957.76 595.35 Building Fund IN0.2 Account) Special Collections Sunday School 8,489.49 2,687.19 11,176.68 4,814.00 1,310.00 3,504.00 162.51 162.51 9,049.43 8,656.87 2,267.76 15,438.54 Unrestrlcted fund8 General Fund 75,005.06 26,598.92 24,459.12 77,144.86 75,005.06 26,598.92 24,459.12 77,144.86 Total funds 84,054.49 35,255.79 26,726.88 92,583.40 NATWEST NFU Investment Inve8tment 12. Inv88tment A88ets Openlng cost at 1 Jan 2023 Changes in valuation Additions 2,760.54 92,116.63 94,877.17 4,294.76 4,294.76 Disposals Closing cost at 31 Dec 2023 2 760.54 96411.39 99 171.93 Investment8 recorded at cost. 15
an DRAPERSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 13. FIXED ASSETS Manse Glebe Land Church Total Opening cost at 1 Jan 2023 Additlons 160,000.00 250,000.00 10,318.00 420,318.00 Closing c08t at 31 Dec 2023 160,000.00 250,000.00 10,318.00 420,318.00 The congregation owns the Church premises situated at 47 High Street, Draperstown, Co Londonderry and the associated fixtures, fittings, plant and machinery, which is not included in the value above. These have an insurance value of £622,884.37. 16