an SION MILLS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEME OF FINANCIAL AcfiviTY {Receipts and Payments Account) for the year ended 31 December 2019 Note Unrestricted Funds Restricted Endowment Funds Funds Totsl 2020 Totsl 2019 Recelpts Donations and legacies Charitable Activities 35,584 25.471 2.017 61,055 2,017 73,259 4,886 Other Trading Activity Investment Income Other 5,725 24 5,725 707 376 5,674 868 368 683 376 36.643 33.237 69,880 85,325 Total Recelpts 36,643 33.237 69,880 85,325 Payments Raising funds Charitable Activities 250 300 550 675 31.488 3.142 34.630 42,694 Investment costs 1,480 Other 376 5.234 5.610 12,575 Purchase of Investments Purchase of fixed a55ets Totsl Payments 32,116 10.156 42.272 55.944 Net receipts / (payments Transfers between funds 4.527 23,080 27.607 29,429 Net movement in funds Funds brought forward 15.478 298.127 313,605 285,998 Funds carried forward 12 15.478 298,127 313,605 285,998 li
an SION MILLS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND UABILITIES As at 31 December 2019 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2020 Totsl Funds 2019 Funds Reconciliatlon Bank and Cash at start of year Net movement in fund5 10.951 4,527 275,lJ47 23,080 285,998 27,607 256,616 29,381 Bank and Cash at end of year 15,478 298.127 313.605 285,998 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 313,605 285,998 313,605 285,998 Other Assets Fixed Assets- Note 10 Church, Halls & Manse Premises Fixtures, Fittin85 & Equipment 1,807,727 1,690,491 Investments- Note 11 1,480 1,807,727 1,691,971 Liabllities Loans Other 12
an Approved by the Kirk Session at a meeting on 20 May 2021. and si8ned on its behalf by Rev Mark Shaw Mr Colin Campbell 2 August 2021 2 August 2021 13
an SION MILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2020 AccouKfiNG POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is les5 than £250.(KKI the con8regation 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 unrestrirted income funds depending upon the purpose for which the endowment was 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 Ibl revenue donations or grants for 3 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 ba515. 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 Totsl 2020 Total 2019 Recorded giving- Loose collections Donations and gifts GiftAid Legacie5 and bequest 31,426 58 255 3,845 18.573 49,999 58 4.130 6,868 50,018 720 9.999 12,792 3,875 3.023 35.584 25.471 61,055 73,529 14
an 510N MILLS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December ZOZO CHARITABLE AcrNmES Unrestricted Restrlrted Funds Funds Endowment Funds Total 2020 Total 2019 Income from charitable actiwties Fees from funeral teas Fundraising events Membership fees Grants 222 222 2,761 1,750 395 395 400 375 2.017 2.017 4,886 4. OTHER TRADING AcfiviTIES Unrestricted Restricted Funds Funds Endowrnent Funds Total 2020 Totsl 2019 Lettlng of premises Imansel 5.725 5,725 5,674 5.725 5,725 5,674 5. INVESTMEKf INCOME Unrestricted Restricted Endowment Funds Funds Funds Totsl 2020 Totsl 2019 Deposit interest 683 24 707 868 24 707 868 15
an SION MILLS CONGREGATION OF THE PRES8YfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Iconvd) 31 December 2020 OTHER INCOME Unrestrlcted Funds Restricted Endowment Funds Funds Total 2020 Totsl 2019 Insurance claims Other income (Periodicals) 376 376 368 376 376 368 RAISING FUNDS Unrestricted Restrkted Endowment Funds Funds Funds Total 2020 Total 2019 FWO envelopes Fundraisin8 events 250 550 530 145 250 300 550 675 CHARITABLE ACTivmES Unrestricted Funds Restricted Endowment Funds Funds Totsl 2020 Totsl 2019 General Assembly Assessments Presbytery fees Ministry and sUPPOrt staff costs Congregational running expenses Organisation running expense5 Donations to Missions & charities 3.374 394 20.479 7,141 3,396 394 20,914 10.494 1,404 6,092 577 35 2,530 l(K) 31,488 3.142 34,630 42,694 17
an SION MILLS CONGREGATION OF THE pREs8ERIAN CHURCH IN IRELANO NOTES TO THE ACCOUNTS (convd) 31 December 2019 OTHER EXPENDITURE Unrestrkted Restrlcted Endowment Funds Funds Funds Totsl 2020 Total 2019 Periodicals 376 376 367 Building & Property expenses Letting of property 9.582 2.626 2,594 2,594 376 5,234 5,610 12,575 10. FIXED ASSFrs The congregatlon owns the Church premises situated at [address of propertyl and the associated fixture5. fittings. plant and machinery. These have an insurance value of £1.807,727. 11. INVESfMENTS The congregation was owed £1.480 from Presbyterian Mutual Society, but has been advised that this value should be written off, as it will not be repaid by the Society. Z020 2019 General Investment Fund Property Presbyterian Mutual Society 1.480 1,480 18
Presbyter an SION MILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVdl 31 December 2020 12. FUND BALANCES Fund Balance at stsrt Receipts Payment Surplus / Transfer (Deficit) Balance atend Unrestricted Funds GENERAL FUND 10.951 36,643 32.116 4.527 15.478 10.951 36,643 32,116 4.527 15.478 Restricted Funds Property Fund Mother &Toddler5 Sunday School pw U&S Benevolent Fund United Appeal General Missions Fund 270,406 558 1.542 526 2,OlS 30,017 396 6.111 19 18 125 22,426 377 384 {1081 292,832 935 1,926 418 2.016 17 1.749 657 1,749 657 275.047 33,237 8.677 23,080 298.127 Endowment Funds IName of Fund] Total 285.998 69,880 40.793 27,607 313,605 19