Presbyter an CARLISLE ROAD CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Recelpts and Payments Account) For the Year Ended 31 December 2023 Note Unrestrlcted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Receipts Donations and Legacies Charitable Activitie5 Other Trading Activities Investment Income Other 58,465 725 618 1,556 1,271 19,582 10,373 78,047 11,098 618 3,250 1,271 66.829 4.486 602 2,696 907 1.694 62,635 31,649 Sale of Investments Sale of Fixed Assets Loans Received 94,284 75,520 Total Receipts 62,635 31,649 94,284 75.520 Payments Raising Funds Charitable Activities Earmarked Interest 821 80,957 821 97,213 1,492 770 93,480 1.459 16,256 1,492 81,778 17,748 Purchase of Investments Purchase of Fixed Assets Loan Repayments 99,526 95,709 8,040 8,040 13,383 Total Payments 81,778 25,788 107,566 109,092 Net Receipts / {Payments) Transfers Between Funds (19,143} {610) 5,861 610 (13,282) {33,572) Net Movement in Funds Funds Brought Forward (19,753) 73,224 6,471 9,098 (13,2821 (33,572) 82,322 115,894 Funds Carried Forward 11 53,471 15,569 69,040 82,322 12
Presbyter an CARLISLE ROAD CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Note Unrestrirted Funds Restrirted Endowment Funds Funds Total Funds 2023 Total Funds 2022 Funds Reconciliation Bank & Cash at Start of Year Net Movement in Funds 73,224 119,753) 9,098 6,471 82,322 115,894 (13,282) (33,5721 Bank and Cash at End of Year 53,471 15,569 69,040 82,322 Bank & Cash Balances Current Accounts Deposit Accounts Cash in Hand 42,541 26,178 321 54,929 26,178 1,215 69,040 82,322 Other Assets Fixed Assets Investments io Gift Aid Receivable on Donations 162,685 9,087 162,685 8,269 171,772 170,954 Llabilities Loans Approved b he Kirk Session at a meeting on 9 June 2024 and sign d on its behalf by Rev Ross Kernohan Minister Mr evor Galbraith erk of Session 9 June 2024 9 June 2024 13
an CARLISLE ROAD CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL sfATEMENTS As the total income of the congregation is less than £250,000 the congreggtion 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 restricted or unrestricted income funds depending upon the purpose for which the endowment wa5 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 (bl 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 Restricted Funds Endowment Fund5 Total 2023 Total 2022 Recorded Giving Loose Collections Donations & Gifts In Memoriam In Lieu of Flowers GiftAid Legacies & Bequest 48,671 935 400 390 10,465 2,415 948 950 3,605 1,199 59,136 3,350 1.348 1,340 3,605 8,268 1,000 51,651 3,418 370 1,555 9,435 7,069 1,000 58,465 19,582 78,047 66,829 14
an CARLISLE ROAD CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2023 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Income from Charitable Activities Fundraising Events Grants 125 600 1,873 8,500 1,998 9,100 1,686 2,800 725 10,373 11,098 4,486 OTHER TRADING AcfiviTIES Unrestricted Funds Restrlcted Funds Endowment Funds Total 2023 Total 2022 Letting of Premises 618 618 602 618 618 602 INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Investment Interest Bank Interest 954 602 1,689 2,643 607 2,587 109 1,556 1,694 3,250 2.696 15
Presbyter an CARLISLE ROAD CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 6. OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Totsl 2023 Total 2022 Periodicals & Calendars Share of Pulpit Supply Fees Share of Manse Expenses Refund Pulpit Supply Fees 628 240 261 142 628 240 261 142 538 249 120 1,271 1,271 907 7. RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 FWO Envelopes Fundraising Events 766 55 766 55 598 172 821 821 770 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 General Assembly Assessments Presbytery Fees Ministry & Support Staff Costs Congregational Running Expenses Donations to Missions & Charities Grant5 Returned Governance Costs 12,262 708 46,874 21,113 12,262 708 46,874 26,321 10,957 91 11,878 701 44,353 23,486 12.679 383 5,208 10,957 91 80,957 16,256 97,213 93,480 16
an CARLISLE ROAD CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 9. FIXED ASSErs The congregation owns the church premises situated at Carli51e Road Londonderry and a manse at Limavady Road Londonderry for the minister and the associated fixture5, fitting5 and equipment. These have an insurance value of £6,531,116. 10. INVESTMENTS The congregation ha5 the following investments. Amounts are shown at market valuation. 2023 2022 Pernianent Endowments Bank Deposit Accounts Fixed Term Accounts 162,685 162,685 162,685 162,685 17
Presbyter an CARLISLE ROAD CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2023 11. FUND BALANCES Fund Balan at start Receipts Payment Surplus l Transfer (Deficit) Balance at end Unrestricted Funds General 73,224 62,635 81,778 119,143) (610) 53,471 73,224 62,635 81,778 (19,143) (610) 53,471 Restricted Funds Repair & Maintenance Mission & Charities Investment Interest Presbyterian Women Sabbath School Choir Girls, Brigade Children's Church Mid Week Bible Study Craft & Chatter Group 1,191 451 14,572 9,765 1,492 1,970 63 60 2,611 8,040 10,597 1,492 2,041 832 66 2,232 6,532 1832) 500 1,000 8,223 619 906 40 433 4,670 920 192 295 (71) (769) (6) 379 835 191 427 4,659 920 (390) (920} 463 653 361 127 102 526 294 321 {500) 9,098 31,649 25,788 5,861 610 15,569 Total 82,322 94,284 107,566 {13,282) 69,040 18