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.