DRUMLEGAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY {Receipts and Payments Account) FOR THE YEAR ENDED 31 DECEMBER 2023 UNRESTRicfED RESTRICTED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 NOTE RECEIPTS Donations and legacies Charitable activities Other trading activities Investment income Other 52,653 8,553 65.363 61,206 65,363 57,918 51,728 795 820 54,268 795 1,003 378 128,367 110,843 819 183 74,099 Sale of Investments Sale of f ixed assets Loans received TOTAL RECEIPTS 54,268 74,099 128,367 110,843 PAYMENTS Raising fund5 Charitable activities Investment costs Other expenditure 406 43,937 406 66.111 406 52,426 22,174 44,343 22.174 66,517 52,832 Purchase of Investments Purchase of fixed assets Loan/OD repayments 44,718 45,000 45,000 TOTAL PAYMENTS 44,343 67.174 111,517 97,550 Net receipts/payments Transfers between funds 9,925 6,925 16,850 13,293 Net movement in funds 9,925 6,925 16,850 13,293 Funds brought forward 79,537 20,559 58,978 45,685 Funds carried forward 12 89.462 13,634 75,828 58,978
DRUMLEGAGH CONGREGATION OF THE PRESBITERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUND5 TOTAL 2023 TOTAL 2022 NOTE FUNDS RECONCILATION Bank and cash at start ofyear Net movement in funds 79.537 9,925 20.559 6,925 58,978 16,850 45.685 13,293 Bank and cash at end of year 89.462 13.634 75,828 58.978 BANK AND CASH BALANCES Bank deposit accounts Bank current accounts Cash in hand 102,582 121,811 102,582 121,811 OTHER ASSETS Fixed assets Church, prernises Fixtures, fittings, equipment Vehicles Investment5 li Gift aid receivable on donations (not included above) io 114.385 14,403 128,788 104,305 13,701 118,006 LIABILITIES Loans Other 56,754 137,834 56.754 137,834 Approved by the Kirk Session at a meeting on 14 May 2024 and signed on its behalf by REVJONA THAN COWAN MR MAURICESURPLIS Revjonathan Cowan Mr Maurice Surphlis Date: 7 October 2024 Date- 7 October 2024
DRUMLEGAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 I ACCOUNTING POLICIES BA515 OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected in accorda nce with the provisions in The Charities (Accounts and Reports Regulations INorthern 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 f rom 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. 2 DONATIONS AND LEGACIE5 UNRESTRicfED RESTRICTED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequests 1,089 43,691 6,944 929 1,089 43,691 15,114 1,312 979 39,813 15,768 1,358 8.170 383 52,653 8,553 61,206 57,918
DRUMLEGAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 3 CHARITABLE AcfiviTIES UNRESTRICTED RESTRICTED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Other donation5 Grants 8,116 1,495 47,947 8,116 1,495 47,947 8,338 2,780 40,610 7,805 7,805 65,363 65,363 51,728 4 OTHER TRADING ACTIVITIES UNRESTRicfED RESTRICTED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 Letting of premises Trading income 5 INVESTMENT INCOME UNRESTRicfED RESTRICTED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 Deposit interest General Investment Fund Rent5 investment properties Other investment income 795 795 819 795 795 819 6 OTHER INCOME UNRESTRICTED RESTRICTED ENDOWMENT TOTAL TOTAL FUNDS FLINDS FUNDS 2023 2022 Insurance claims Other income 820 183 1,003 378 820 183 1,003 378
DRUMLEGAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 7 RAISING FUNDS UNRESTRICTED RESTRICTED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 FWO Envelopes Fundraising events 406 406 406 406 406 406 8 CHARITABLE AcfiviTIES UNRESTRicfED RESTRICTED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 General Assembly Assessments Presbytery fees Ministry & support staff costs Congregational running expenses Donations to Missions and Charities Governance costs Loan interest 6,083 336 6,083 336 17,189 26,926 5,743 309 16,900 14,760 16,806 19.732 383 7,194 500 480 10.151 10,651 480 4,446 66,111 10.922 4.446 22.174 3.792 52,426 43,937 9 OTHER EXPENDITURE UNRESTRicfED RESTRICTED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 Investment property expenses 10 FIXED ASSETS The congregation owns the Church premises situated at 30 Drumlegagh Church Road, incorporating the church and the car park, and 2 Archill Road, being the church hall, along with the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,576.832. 11 INVESTMENTS The congretation has the following investments. Amounts are shown at market valuation 2023 2022 General Investment Fund 114.385 104,305 114,385 104,305
DRUMLEGAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 12 TRANSACTIONS WITH TRUSTEES One Trustee is a director of a local business from which the church purchased goods during the year at normal market prices to the value of £2. Another Trustee was paid £30 for pulpit supply, while another is the church cleaner and received £1.640 for the service provided. The minister was paid £1,529 for ministeral expenses and manse repairs. He also received £383 being income from bequest investments. 13 GOVERNANCE COSTS Governance cost5 of £480 were incurred during the year ended 31 December 2023 which relate to fees paid to the Independent Examiner of the Church accounts. 14 FUND BALANCES Balance at start Op Bal Adjust Gain/ (loss) Balance at end FUND Receipts Payment Unrestricted Funds General account Presbyterian Mutual 79,537 54,268 44,343 89,462 79,537 54,268 44,343 89,462 Restricted Funds Building/property pw General investment fund 20,559 69,908 4,191 64,600 2,574 15,251 1,617 10.080 114,385 104,305 83,746 74,099 67,174 10,080 100,751