an TOBERMORE CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Registered Charity in Northern Ireland NIC 105643
an TOBERMORE PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND srATEMENT OF FINANCIAL AcfiviTY (RECEIPTS AND PAYMENTS ACCOUNT) FOR YEAR ENDED 31 DECEMBER 2022 NOTE UNRESTRIcfED REsfRICTED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2022 2021 Receipts Donations & legacies Charitable activities other trading activltles Investment Income Other 30,450 955 8,472 38,922 955 2,204 48 120 42,249 41,663 2,799 5,835 375 495 51,167 2,204 34 120 10,805 31,439 Sale of investments Sale of fixed assets Loans received Total receipts 31,439 10,805 42,249 51,167 Payments Raising funds Charltable activitles Investment cost Other 255 9,511 255 42,664 219 31,526 33,153 33,153 9,766 42,919 31,745 Purcha* of investments Purchase of fixed assets Loan repayments Total payments 33,153 9,766 42,919 31,745 Net receiptsl(payments) Transfers belmeen funds Net movement in funds Funds brought forward Funds carried forward (1,714) 1,039 (670) 19,422 (1,714) 83,894 82,180 1,039 46,123 47,162 (670) 140,970 140,300 19,422 121,548 140,970 10,953 10,958 io
Presbyter an TOBERMORE PRESBYfERIAN CHURCH CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND srATEMENT OF ASSETS AND LIABILrrIES AS AT 31 DECEMBER 2022 UNRESTRICTED REsfRICTED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2022 2021 Funds Reconcillation Bank & cash at start of year Net movement in funds Bank & cash at end of year 83,894 (1,714) 82,180 46,123 1,039 47,162 10,953 140,970 (670) 140,300 140,970 19,422 160,392 10,958 Bank & cash balances Bank deposit accounts Bank current accounts Cash in hand 61,798 78,502 61,759 79,211 140,300 140,970 Other assets Fixed assets - note 9 Church Premises Flxbjres, Fittings & Equipment - Vehicles Gift Aid retrivable on donations 3,950,540 58,351 3,726,924 56,166 4,850 4,013,741 3,933 3,787,023 Liabilities Loans (interest fe) Approved by the Interim Session at a meeting on 29 May 2023 and signed on its behalf by Rev. Trevor Boyd Mr Jim Davison
Presbyter an TOBERMORE PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 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 provision 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 whlch 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 pla. Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donation5 or grants for a specific congregational activity intended by the donor. whe these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balan 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 & LEGACIES UNRESTRICTED REsfRIcfED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2022 2021 Recorded giving Loose collections Donations and gifts Gift Aid Legacies & bequests 22,290 3,173 665 4,322 4,040 2,236 1,460 736 26,330 5,409 2,125 5,058 25,990 3,338 9,260 3,075 30,450 8,472 38,922 41,663 io
Presbyter an TOBERMORE PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 CHARITABLE AcrIvrrIES UNREsfRlCTED RESTRicfED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2022 2021 Income from charitable activities Fees from weddings & funerals Fundraising events 955 955 2,799 955 955 2,799 OTHER TRADING ACTIvrrIES UNREsfRIcfED REsfRIcfED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2022 2021 Letting of premises/land Trading income 2,204 2,204 5,835 2,204 2,204 5,835 INVESTMENT INCOME UNRESTRICTED RESTRIcfED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2022 2021 Deposit interest General investment fund Other investment income 34 48 375 34 48 375 OTHER INCOME UNREsfRICTED REsfRicfED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2022 2021 Insurance claims Other income 120 120 120 120 495 495 11
an TOBERMORE PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 RAISING FUNDS UNRESTRIcfED RESTRICTED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2022 2021 FWO envelopes Fundraising events 255 255 219 255 255 219 CHARITABLE ACTIVITIES UNREStRICTED RESTRICTED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2022 2021 General Assembly Assessments Presbytery fees Ministry & support staff costs Congregational running expenses Donations to missions & charities Governance costs 1,663 158 1,663 158 1,769 158 19,108 19,108 13,553 11,524 6,264 17,788 14,428 500 200 33,153 3,247 3,747 200 42,664 1,440 178 31,526 9,511 FIXED ASSETS The congregation owns the church premises situated at 38 Main Street, Tobermore and manse at 6 Magherafelt Road, Toberrnore and the associated fixtures, fittings, plant and machinery. These have an insurance value of £4,008,891. 12
Presbyter an TOBERMORE PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 io FUND BALANCES FUND BALANCE RECEIPTS PAYMENT SURPLUSI TrANSFER (DEFICIT) BALANCE AT sfART AT END Unrestricted funds General account 83,894 83,894 31,439 31,439 33,153 33,153 (1,714) (1,714) 82,180 82,180 Restricted funds Building repairs & maintenance United Missionary appeal Outreach Sunday School 38,954 243 221 6,705 46,123 6,838 1,596 1,677 694 10,805 4,261 1,589 1,658 2,258 9,766 2,577 41,531 250 240 5,141 47,162 19 (1,564) 1,039 Endowment funds Bequest fund 10,953 10,953 10,958 10,958 Total 140,970 42,249 42,919 (670) 140,300 13