an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 33,433 2,250 2,800 27 450 24,066 57,499 2,250 3,550 421 587 750 395 137 Total Receipts 38,959 24,953 395 64,308 Payments Raising funds Charitable activities 315 35,872 315 47,418 11,546 Total Payments 36,187 11,546 47,733 Net receipts / (payments) Transfers between funds 2,772 591 13,407 1591) 395 16,574 Net movement in funds Funds brought forward 3,363 4,192 12,817 63,725 395 31,451 16,574 99,368 Funds carried forward 10 7,555 76,541 31,846 115,943
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABIUTIES As at 31 December 2023 Unrestricted Funds Restricted Endowment Funds Fund5 Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 4,192 3,363 63,725 12,817 31,451 395 99,368 16,574 Bank and Cash at end of year 7,555 76,541 31,846 115,943 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 31,846 84,023 74 115,943 Other Assets Property- Note 9 Gift Aid receivable in Donations 3,397,164 3,397,164 Approved by the Kirk Session at a meeting on 19/12/2025 and signed on its behalf by [Norman Black] [19112/251 [19/12/25]
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN 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 provision5 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 restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and Ib) 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. DONATIONS AND LEGACIES Unrestricted Funds Restrirted Endowment Funds Funds Total 2023 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 30,342 3,091 20,170 3,896 50,512 6,987 33,433 24,066 57,499
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Fees from funerals Fundraising events Grants 2,250 2,250 2,250 2,250 OTHER TRADING ACTIVITIES Unrestrirted Funds Restricted Endowment Funds Funds Total 2023 Letting of premises 2,800 750 3,550 2,800 750 3,550 INVESTMENT INCOME Unrestricted Funds Restrirted Endowment Funds Funds Total 2023 Deposit interest General Investment Fund Other investment income 27 27 395 395 27 395 421
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Other income 450 137 587 450 137 587 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2023 FWO envelopes 315 315 315 315 CHARITABLE AcfiviTIES Unrestrirted Funds Restricted Endowment Funds Funds Total 2023 General Assembly Assessments Presbytery fees Ministry and sUPPOrt staff costs Congregational running expenses Donations to Missions and charities 6,736 259 19,537 9,340 6,736 259 19,537 17,389 3,497 8,049 3,497 35,872 11,546 47,418
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 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 £3,397,164 at the last renewal (31st October 2022). 10. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Deficit) Balance at end Unrestricted Fund5 General 4,192 38,959 (36,187) 2,772 591 7,555 4,192 38,959 (36,187) 2,772 591 7,555 Restricted Funds Sunday School United Appeal Mission pw Repair Presbyterian Mutual* 500 1,338 (747) 591 (5911 500 223 2,621 60,381 5,066 1,342 17,208 (2,312) (1,812} (6,6761 2,754 {470) 10,533 2,977 2,151 70,913 63,725 24,953 (11,546} 13,407 {591} 76,541 Endowment Funds Royal Bank of Scotland Requests 15,000 16,451 15,000 16,846
395 395 31,451 395 395 31,846 Total 99,368 64,308 {47,733) 16,574 115,943
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 United Appeal 2023 payment outstanding at 31/12124, not included above. To be paid out in 2025. Balance not recovered from PMS is excluded from these accounts. Distribution of bequest incomes in line with fund purposes for 2023 to be paid out in
2025.