Presbyter an SANDHOLES CONGREGATION OF THE PRESBERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) forthe year ended 31 December 2019 Note Unrestricted Funds Restricted Endowment Funds Funds Total 2019 Total 2018 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 41,207 40 2,975 560 200 59,760 9,705 625 33 100,967 9.745 3,600 593 200 111,441 7,539 3,400 589 270 Total Receipts 44,982 70,123 115105 123,239 Payments Raising funds Charitable activities Investment costs 386 44,686 386 65,240 512 318 57,613 4,507 20,554 512 45,072 21,066 41,338 66,138 41,338 62,438 86,561 Loan Repayments li Total Payments 45,072 62,404 107,476 148,999 Net receipts / Ipaymentsl Transfers between funds 1901 7,719 7,629 125,7601 Net movement in funds Funds brought forward 1901 16521 7,719 51,104 7,629 81,903 125,7601 107,663 31,451 Funds carried forward 12 17421 58 31,451 89,532 81,903
Presbyter an SANDHOLES CONGREGATION OF THE PREs8ERlAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABIUTIES As at 31 December 2019 Unrestricted Fund5 Restricted Endowment Funds Funds Total Funds 2018 Total Funds 2018 Funds Reconciliation Bank and Cash at start of year Net movement in funds {652) 1901 51,104 31,451 81,903 7,629 107,663 125,7601 Bank and Cash at end of year 17421 31,451 89,532 81,903 Bank & Cash Balances Bank Deposit Accoullts Bank Current Accounts Cash in Hand 56,359 33,028 145 56,359 25,458 86 89,532 81,903 Other Asset5 Investments- Note 11 Gift Aid receivable on donations 2,922.008 2,922,008 8,135 9,737 2,931,745 2,931,745 Liabilities Loans- Note 11 29,816 71,154 29,816 71,154 Approved by the Kirk Session at a meeting on 3111012020 and signed on its behalf by Imalcolm Davidsonl INorman Blackl 131110/201 1311101201
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2019 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,(XIO the con8regation 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 restritted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restritted funds comprise {al income from endowments which is to be expended only on the restricted purposes intended by the donor and Ib) revenue donatlons or grants for 3 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 con8re8ation for use in the future. DONATIONS AND LEGACIES Unrestricted Funds Restrlcted Endowment Funds Funds Total 2019 Total 2018 Recorded giving: Loose collertions Donations and 8ifts Gift Aid Legacies and bequest 32,612 2,548 1,680 4,367 45,146 1,240 4.570 8,804 77,758 3,788 6,250 13,171 85,299 2,182 5,187 17,273 1,500 41,207 59,760 ICrf),967 111,441
an SANDHOLES CONGREGATION OF THE PREsBERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2019 CHARITABLE ACTIVITIES Unrestricted Funds Restrlcted Endowment Funds Funds Total 2019 Total 2018 Fees from funerals Fundraising events Grants 40 1,400 7,765 540 1,440 7,765 540 860 5,914 765 40 9,705 9,745 7.539 4. OTHER TrADING ACTIVITIES Unrestricted Funds Restrlrted Endowment Funds Funds Total 2019 Total 2018 Letting of premise5 2,975 625 3,600 3.400 2,975 625 3,600 3.400 INVESTMENT INCOME Unrestrlcted Funds Restrlcted Endowment Funds Funds Total 2019 Total 2018 Deposit interest General Investment Fund Other investment income 23 io 27 120 446 33 118 438 iio 446 560 33 593 589
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2019 OTHER INCOME Unrestrirted Funds Restrlcted Endowment Funds Funds T¢rtal 2019 Total 2018 Other income 200 200 270 200 200 270 RAISING FUNDS Unrestrirted Restricted Endowment Funds Funds Funds Total 2019 Totsl 2018 FWO envelopes 386 386 318 386 386 318 CHARITABLE ACTIVITIES Unrestrirted Funds Restrirted Endowment Funds Funds Total 2019 Total 2018 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and harities 9,587 345 27,446 6,448 9,587 345 27,446 20,817 7,045 9,229 452 28,076 14,972 4.884 14,369 6,185 44.686 20.554 65,240 57,613
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Iconvd) 31 Derntser 2019 FIXED ASSETS The congregation owns the Church premises situated at 8 Kiltyclogher Road, Cookstown, BT80 9AU and the associated fixtures, fittings, plant and machinery. These have an insurance value of £2,922.008. 10. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Deficit) Balance at end Unrestrirted Funds General 16521 44,982 45,072 {901 {7421 16521 44,982 45,072 1901 (7421 Restricted Funds Sunday School United Appeal Mission 8,647 1.968 3.393 3,445 290 3,562 51.715 {1,425) {3.445) 3,414 17861 9,961 7,222 3,445 13,445} 494 3,207 13,848 24,908 3,704 2,776 61,676 463 2,421 23,809 24,908 pw Repair Presbyterian Mutual 51,104 70.124 62,405 7,719 58,823 Endowrnent Funds 'Royal Bank of Scotland Requests 15,000 16,451 15,OC(I 16,451 31,451 31,451 Total 81,903 115.106 107,477 7.629 89,532
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2019 11. LOAN Fund Balance at start New Loan Repald Interest Net repaid Balance at end Loan 71,154 41,850 512 41.338 29.816 Total 71,154 41,850 512 41,338 29,816