UPPER CUMBER CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payment Account) for the year ended 31 December 2022 Note Unrestricted Restrirted Endowment Funds Funds Funds Total 2022 Total 2021 Receipts Donations and legacies Charitable activities Investment Income 35,543 24,176 5,824 762 59,719 5,824 905 45,040 9,397 1,040 143 35,686 30,762 66,448 55,477 Sale of Investments Sale of fixed assets Loans Received Total Receipts 35,686 30,762 66,448 55,477 Payments Raising funds Cha ritable activities 517 23,274 23,791 517 583 35,770 47,929 36,287 48,512 12,496 12,496 Purchase of Investments Purchase of fixed assets Loan Repayments 2,801 Total Payments 23,791 12,496 36,287 51,313 Net receipts / (payments) Transfers between funds 11,895 620 18,266 {620) 30,161 4,164 Net movement in funds Funds brought forward 12,515 5,860 17,646 182,435 30,161 4,164 47,675 235,970 231,806 Funds carried forward 200 081 47 675 266 131 235,970 li
UPPER CUMBER CONGREGATION OF THE PRESBrfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Note Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 Funds Reconciliation Bank & cash at start of year Net movement in funds 5,860 12,515 182,435 17,646 47,675 235,970 231,806 30,161 4,164 Bank & cash at end of year 200 081 47675 266131 235970 Bank and Cash Balances Bank Deposit Accounts Bank Current Accounts Building Society deposits Cash in Hand 3,962 3,957 115,662 86,225 145.675 145,675 832 113 266 131 235 970 Other Assets Fixed Assets Investments Gift Aid receivable on donations 8,500 7,600 Liabilities Loans Approved by the Kirk Session at a meeting on 6th June 2023 and signed on its behalf by z'ra Olive Witherow Trustee John McFarland Clerk of Session 12
UPPER CUMBER CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 I. ACCOLINTING 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 (Accounts and Reports) Regulations {Northern Ireland) 2015 to prepare its account5 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 comprise131 income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl 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. 2. DONATIONS AND LEGACIES Note Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 Recorded giving Loose collections Donations & gifts Gift Aid Legacies & bequests 28,643 148 6.233 479 16,137 1,327 34,876 627 16,137 8.079 36,506 218 830 7,486 6,752 35,543 24,176 59,719 45,040 13
UPPER CUMBER CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {continued) 31 December 2022 Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 3. CHARITABLE ACTIVITIES Weddings & funerals Fundraising events Memberships Grants loo 56 132 601 5,223 5,824 601 5,223 5,824 9,397 9,685 4. INVESTMENT INCOME Bank interest Investment interest 63 80 143 569 193 762 632 742 273 905 298 1,040 5. RAISING FUNDS FWO envelopes 517 517 583 6. CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry & support staff Congregational running expenses Donations to Missions etc Governance costs 2,898 412 3,432 16,532 2,898 423 3,478 24,661 4,310 6,854 412 24,438 12,301 3,924 li 46 8,129 4,310 23,274 12,496 35,770 47,929 7. FIXED ASSETS The congregation owns the Church premises and Lecture Hall at 15 and 17 Cregg Road, Claudy, Londonderry BT47 4HX and a half share of a manse at 342 Glenshane Road, Claudy, BT47 4HP for the minister and the associated fixtures, fittings and equipment. These have an insurance value of £2,430,000. 8. INVESTMENTS All funds from endowments, memorials and cash not required for short term objects are invested in deposit accounts with the Progressive Building Society. 14
UPPER CUMBER CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (continued) 31 December 2022 9. FUND BALANCES Fund Balance Receipts Payments Transfers Balance at end at start Unrestricted Funds General Fund 5,860 35,686 23,791 620 18,375 Restrirted Funds Missions and Charities Building Fund Repair Fund Sunday School Choir Fund Presbyterian Women Bowling Club Youth Council 3,920 18,979 702 4,310 390 174,492 loo 193,471 100 895 193 39 346 26 352 297 io 348 355 32 5,765 200,081 166 34 7,258 182.435 271 140 6,677 30,717 82 142 6,670 12,451 -1,500 -620 Endowment Funds Bequests and memorials 47,675 47,675 Total 235,970 66,403 36,242 266,131 15