CARNLOUGH CONGREGATION OFTHE pRE5BERIAN CHURCH IN IRELAND STATEMENT OF FINANaAL AcfiviTY (Receipts and Paments Account) for the year ended 31st December 2022 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Recei Donations and legacies Charitable activities Other tradin8 activities I nve5tment Incorne Other 23,233 5,209 28,441 25,633 298 1,067 24,597 301 1,067 29009 281 5,212 25,914 Sale of investment5 Sale of fixed assets Loans received 24,597 5,212 29,809 25,914 Raising funds Charitable activities I nvestment costs Other 220 18,122 220 22,194 4,072 18,427 18,342 4,072 22,414 18,635 Purchase of investments Purchase of fixed assets Loan repayments Total P nt 18,342 4.072 22.414 18,635 Net receipts1 Ipaymentsl Transfer between funds 6,256 1,139 7,395 7,279 Net movement in funds Funds brought forward 6,256 66,130 1,139 13,618 7,395 79,748 7,279 72,469 Funds carried forward 12 72,385 14.758 87,143 79,748
CARNLOUGH CONGREGATION OF THE PRESBIryERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND UABIUTY As at 31st December 2022 Unrestrlcted Funds Restricted Funds Endowment Funds Total Funds 2022 Total Funds 2021 conciliation Funds balance at start of year Net movement in funds 66,130 6,256 13,618 1,139 79.748 7,395 72,469 7,279 Funds balance at end of year 72,385 14,758 87,143 79,748 an an Bank Deposit Accounts Bank Current Account5 Cash in Hand 87,143 79,748 87,143 79,748 Fixed Assets - Note 10 Investments- Note 11 Gift Ald recelvable on donations 2,935 3,535 2,935 3,535 Li Loans Approved by the Klrk Session at a meeting on and signed on its behalf by.. Mr N Mcmullan Date: Rev A Beattie Date:
CARNLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31st December 2022 I. ACCOUNTING pouaES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is lessthan £250,000 the congregation have elected in accordance with the provisions in The Charities (Acounts and Reports Regulations (Northern I relandl 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 dlscretlon, 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 isto expended only on the restricted purposes intended bv the donor and Ibl 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 Unrestrlcted Funds Restricted Fund5 Endowment Fund5 Total Funds 2022 Total Funds 2021 Recorded giving L005e collections Donation5 and gifts Gift Aid Legacies a nd beouests 18,360 1,116 550 3,207 3,215 21,575 1,116 2,451 3,300 21,408 219 1,150 2,856 1,901 93 Total 23,233 5,209 28,441 25,633
CARNLOUGH CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUl+lTS Icont'd) 31st December 2022 3. CHARITABLE ACTIVITIES Unrestrirted Fund5 Restrlcted Funds Endowment Funds Total Funds 2022 Total Funds 2021 I ncome from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants received Total 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restrirted Funds Endowment Funds Total Funds 2022 Total Funds 2021 Letting of premises Trading income Tota I 5. INVESTMENT INCOME Unrestrlcted Funds RestrEcted Funds Endowment Funds Total Funds 2022 Total Funds 2021 Deposit interest General Investment Fund Rents investment properties Other investment income 201 96 205 96 188 93 Total 298 301 281
CARNLOUGH CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE Accouf+rrs (cont'd) 31st December 2022 6. OTHER INCOME Unrestricted Funds Restrlcted Funds Endowment Funds Total Funds 2022 Total Funds 2021 Insurance claims Other income 1.067 1,067 Total 1,067 1,067 7. RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2022 Total Funds 2021 FWO envelopes Fundraisin8 events 220 220 Total 220 220 208 8. CHARITABLE AcfiviTIES Unrestrlcted Funds Restrlcted Funds Endowment Funds Total Funds 2022 Total Funds 2021 General AssemblyAssessments Presbytery Fees Ministry and support staff cost5 Congregational running expenses Donations to Missions and Charities Governance costs 1,244 97 10,331 6,450 1,244 97 10,331 7,248 3,274 1.843 141 5,377 8,236 2,830 798 3,274 Total 18,122 4,072 22,194 18,427
CARNLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31st December 2022 9. OTHER EXPENDITURE Unrestrlcted Funds Restricted Funds Endowment Funds Total Fund5 2022 Total Funds 2021 Investment properties expenses Total 10. FIXED ASSETS The congregation owns the church building together with the church hall situated at Bay Road, Carnlough and the associated fixtures, fittings, plant and machinery. These have a tombined insurance value of £780.168. The congregation also owns the manse located at 8ay Road, Carnlough with an Insurance value of £391.795. The congregation also owns the church at Shore Road, Cu5hendall with an insurance valuation of £619.240. 11. INVESTMENTS 2022 2021 Detalls of the investment as at 3V12122 Total
C4RNLOUGH CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TOTHE ACCOUMfs Icont'dl 31st December 2022 12. FUND BALAN5 Balance at start Re¢eipt5 Payments Surp*Js I (Deficit) Transfer Balance atend st General Account 66,130 24,597 18,342 6.256 72.385 Total 66,130 24.597 18,342 6.256 72.385 es Property Fund Sunday School Church Field pw 4,203 2.276 6,196 943 1,853 325 297 1.528 12951 50 11431 5,731 1,981 6.246 800 50 787 2,520 930 2,520 Mission Total 13.618 5,212 4,072 1.139 14,758 Bequest Fund Total Total 79,748 29X)9 22,414 7,395 87.143