Presbyter an EDENDERRY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTivifY (Receipts and Payment5 Account} For the year ended 31 December 2023 Note U nre5tricted Fund5 Restricted Fund5 Total 2023 Total 2022 Receipts Oonatians and leg2cies Charitable activities Other trading activities Inves*meni Income Other 43.86S 60 13.188 l.C,12 l.i84 124 57,Oi6 1.072 1.584 2.557 9>0 57.446 146 I,iio 1.126 2.433 950 Total receipts 47,311 15.908 63.219 59,828 Payments Raising funds Charitable activitios Other 235 235 39,040 15.773 214 34,635 15,509 8.139 3.239 12.534 Total payments 43,670 11.378 55,048 50.358 Net recelpts / {payments) 3,641 4,530 8.171 9.470 Fundi brau8ht forward rransfer to investment $4,205 13131 56.243 11231 110.448 1436 101.375 13971 Funds carried forward 12 57.533 60,650 118,183 110.448 12
Presbvter an EDENDERRY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restricted Fund5 Total Total Fund5 Funds 2022 2023 Funds Reconciliation Bank and Cash at start of year Net movemenr in lund5 54,205 3.328 5ti,243 4,407 110,448 7.735 101.375 Q.073 Bank and Cash at end of year 57,533 118.183 110,448 Bank & Cash Balances Bank Current Accounis Bank Deposit Account- Note 11 Cash in Hand 85.437 31,735 li 78,601 31,735 112 118,183 110.448 Other A55et5 Fixed Asse15- Nore 10 Invesrments - Note 11 119.000 118.564 118,564 118,564 Approved by rhe Kirk Session at a meeting on 20 February 2024 and signed on its behalf by: Rev R Orr (Minister) Mrs Joyce Thompson (Clerk of Ses5ion} Date: Date: 13
Presbyter an EDENDERRY CONGREGATION OF THE PRES8YTERIAN CHURCH IN IREL4ND NOTES TO THE ACCOUNTS For the year ended 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 IAccountS and Reports Regulations INorthern Ireland) 2015 to prepare its accounts on a receipt5 and payments basi5. 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 Éither 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 Ibl revenue donations or 8rants 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 bas1S. Unrestricted funds are Income funds Ivhich 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 Unre5trFcted funds Re5trlrted Funds Total 2023 Total 2022 Recorded ¥ivin8 Loose collection$ Donations and gifts Gift aid 35.851 9.604 715 594 2,275 45,455 715 594 10,292 44.965 1,152 1,221 10,108 8,017 a3.868 13.188 57.056 57,446 14
Presbyter an EDENDERRY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd} For the year ended 31 December 2023 CHARITABLE AcfiviTIES Unrestricted Funds Restrirted Funds Total 2023 Total 2022 Income from charitable activities 60 1.012 1,0?2 146 60 1.012 1,072 OTHER TRADING AcfiviTIES Unrestricted Funds Restrlrted Fund5 Total 2023 Total 2022 Other 1.584 1.584 i.iio 1,584 1,584 i.iio INVESTMENT INCOME Unrestrirted Funds Restricted Funds Total 2023 Total 2022 General Deposit interest General Investment Fund 833 1,600 833 1,724 136 990 124 2.433 124 2.5?7 1,126 15
Presbyter an EDENDERRY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) For the year ended 31 Oecember 2023 OTHER INCOME Unrestrlcted Funds Restricted Fund5 Total 2023 Total 2022 Grant aid 950 950 950 950 RAISING FUNDS Unrestrlrted Funds Restrlrted Fund5 Total 2023 Total 2022 FWO envelopes 235 235 214 235 235 214 CHARITABLE AcfiviTIES Unre5trlcted Funds Re5trlrted Funds Total 2023 Total 2022 General Assembly assessments Presbytery fees Ministry and sUPPOrt staff cosis Congregational runnin8 expenses Or8anisational running expenses Donation5 to rn155ions and charities 3,569 329 19,913 4.797 816 1,477 3,569 329 19,913 4.797 816 9.616 3,473 303 18,777 3.677 672 7,733 8,139 30.901 8,139 39,040 34,635 16
Presbyter an EDENDERRY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO TfrIE ACCQUNTS Icont'd) For the year ended 31 December 2023 OTHER EXPENDITURE Unrestrirted Fynds Restricted Funds Total 2023 Total 2022 Property and maintenance costs 12,534 3,239 15,773 15,509 12,534 3,239 15,773 15.509 10. FIXED ASSETS The congregation owns the Church premises situated at 41 Edenderry Road, Omagh 8f19 OLX and the associated fixtures. fittings. plant and machinery, These have an insurance value £1.691,745. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 General Investment Fund ProDerty 2.879 116.121 2,879 115,685 119,000 118.S64 17
Presbyter an EDENDERRY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'dl For the year ended 31 December 2023 12. FUND 8ALANCES Fund Transfer Between Transfer to Fund5 Investment Balance at 01.01.23 alance at 31.12.23 Receipts Payments Unrestrltted Funds General 54,205 47,311 143,6701 13131 57,533 54,205 47.311 143,6701 13131 57,533 Aestrlrted Funds Property M15sion and Charity Con8re8ational Organisational Deposit Investmenf 20,966 375 1.587 1,580 31,735 8,658 13,2391 16,5581 12561 11,325 26.385 463 2,067 481 255 1255) 31,73S 123 {1231 56,243 15,908 fl1.3781 11231 60.650 Total 110.448 63.219 (55,Q481 {4361 118,183 The congregation has reviewed the basls on which it prepares Its accounts and in order that these are prepared on a strict receipz5 and payments basis it has eliminated from its fund balances any funds which are not held in bank or cash balances. Any other funds, which the congregation holds, in particular investments, are disclosed on the Statement of Assets and Liabilities, 18