CARNLOUGH CONGREGATION OF THE PREs8￿ERlAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL AcfiviTY IReceipts and Paments Account)
for the year ended 31st December 2023
Note
Unrestricted
Funds
Restrxted
Funds
Endowment
Funds
Total
2023
Total
2022
ei
Donations and legacies
Charitable activities
Other trading activities
Investment Income
Other
27,458
1,606
5,351
32,809
1,606
28,441
305
1,964
31.333
308
1,964
36.687
301
1,067
29,809
5,354
Sale of Investrnents
Sale of fixed asset5
Loans received
cei
31,333
5,354
36,687
29,809
me
Raising funds
Charitable activltles
Investment costs
Other
201
27,321
201
32,511
220
22,194
5,190
27,522
5,190
32,712
22,414
Purchase of investments
Purchase of fixed a55ets
Loan repayments
Total Pa
nts
27,522
5,190
32,712
22,414
Net receipts / Ipayment51
Transfer between funds
3.811
164
3,975
7,395
Net movement in funds
Funds brought forward
3,811
72,385
164
14,758
3,975
87.143
7,395
79,748
Funds carried forward
12
76,196
14,922
91,118
87,143

CARNLOUGH CONGREGATICHII OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITY
As at 31st December 2023
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2023
Total Funds
20ZZ
Funds reconciliat.
Funds balance at Start of year
Net movement in funds
72.385
3,811
14.758
164
87,143
3,975
79,748
7,395
Funds balance at end of year
76,196
14,922
91.118
87,143
Banka
Cash Balance
Bank Deposit Accounts
Bank Current Accounts
Cash in Hand
91,118
87,143
91,118
87,143
Qther As ets
Fixed Assets- Note 10
I nvestments- Note 11
Gift Aid receivable on donations
4,224
2,935
4,224
2,935
ie
Loans
Approved by the Kirk Session at a meeting on
Iilbli*
and si8ned on it5 behalf by:
Date:
L316f74
Date:

CARNLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TOTHE ACCOUNTS
31st December 2023
I. ACCOUNTING POLiaES
BASIS OF FINANCIAL STATEmEP￿s
As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the
provisions in The Charities (Acounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts
and payments basis.
FUND ACCOUNTING
Endowment funds are funds, the capltal of which must be retained either permanently or at the congregation'5 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 lal income from endowments which is to expended only on the restricted purposes intended by
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 ihe individual funds on an average
balance basis.
Unrestricted funds are income funds which are to be spent on the congregation's general purpose5. Designated fund5 are
general funds set aside by the congregation for use in the future.
2. DONATIONS AND LEGACIE5
Unrestrlcted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2023
Total Funds
2022
Recorded giving
Loose collections
Donations and gifts
Gift Aid
legacles and bequests
21,825
1,780
875
2,978
4,285
26,109
1,780
1,849
3,070
21,575
1,116
2,451
3,300
974
93
Total
27,458
5,351
32,809
28,441

CARNLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE AcCOUP￿s Icont'dl
31st December 2023
3. CHARITABLE A￿1VITIEs
Unrestricted
Funds
Restrirted
Funds
Endowment
Fund5
Total Funds
2023
Total Fund5
2022
Income from charitable activities
Fees from weddings and funerals
Fundr2ising events
Membership fees
Grants received
1.606
1,606
Total
1,606
1,606
4. OTHER TRADING AcfiviTIES
Unrestrlcted
nds
Restricted
Funds
Endowment
Funds
Total Funds
2023
Total Fund5
2022
Letting of premi*s
Trading income
Total
5. INVESTMENT INCOME
Unre5trlcted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2023
Total Funds
2022
Deposit interest
General Investment Fund
Rents Investment properties
Other Investment income
212
93
215
93
205
96
Total
305
308
301

CARNLOUGH CONGREGATION OFTHE pRE5B￿ERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS Icont'd)
31st December 2023
6. OTHER INCOME
Unrestrlrted
Funds
Restricted
Funds
Endowment
Fund5
Total Funds
2023
Total Fund5
2022
Insurance claims
Other income
1,964
1,964
1,067
Total
1,964
1,964
1,067
7. RAISING FUNDS
Unrestrirted
Funds
Restrited
Funds
Endowment
Funds
Total Funds
2023
Total Funds
2022
FWO envelopes
Fundraising events
201
201
220
Total
201
201
220
8. CHARITABLE AcfiviTIES
Unrestricted
Funds
Restrlcted
Funds
Endowment
Funds
Total Funds
2023
Total Funds
2022
General Assembly Assessments
Presbytery Fees
Ministry and support staff costs
Congregational running expense5
Donation5 to Mission5 ond Charities
Governance costs
1,276
95
11,931
14,019
1,276
95
11,931
14,826
4,383
1,244
97
10,331
7,248
3,274
806
4,383
Total
27,321
5,190
32,511
22,194

CARNLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNT51cont'd)
31st December 2023
9. OTHER EXPENDITURE
Unre5trttted
Funds
Restrlcted
Fund5
Endowment
Funds
Total Funds
2023
Total Funds
2022
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 combined insurance value of £838,680. The congregation also owns the
manse located at Bay Road, Carnlough with an insurance value of £421,180. The congregation also OWDS the rhurch at Shore
Road, Cushendall with an insurance valuation of £665,741.
11. INVESTMENTS
2023
2022
Details of the investment as at 31112123
Total

CARNLOUGH CONGREGATION OFTHE pRE5B￿ERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS Icont'dl
31st December 2023
12. FUND BALANCES
Balance at
start
Receipts
Payments
Svrplus /
(Deficit)
Transfer
Balance
at end
tric
General Account
72.385
31333
27,522
3￿11
76.196
Total
72,385
31,333
27,522
3￿11
76,196
Restrlcted Funds
Property Fund
Sunday School
Church Field
pw
Mis%on
5.731
1,981
6,246
794
iio
367
6,415
1,616
6,296
596
13651
50
12041
50
975
3,533
1.179
s￿33
Total
14,758
5,354
5,190
164
14,922
8equest Fund
Total
Total
87,143
36.687
32.712
3,975
91.118