FIRST COOKSTOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMEN I OF FINANCIAL ACTIVITIES for the year ended 31 December 2022 Note Unresrricted Funds Resiricted Funds riidowmenl. Funds Torai 2022 Toral 2021 Receipts Donations and legacies Charita ble activities Other trading activities Investment Income Other 131869 32778 164647 147389 144 975 33 177 975 112 150 Total Receipts 132988 32811 165799 148685 Payments Raising funds Cha rita ble activities Property Expenses 889 116183 889 154008 1440 889 157397 12874 37825 1440 Total Payments 117072 39265 156337 171160 Net receipts 1 Ipaymentsl Transfers between funds 15916 (104881 164541 10488 9462 122475} Net movement in funds Funds brought forward 5428 72000 4034 26303 9462 122475} 162480 41702 140005 Funds carried forward 12 77428 30337 41702 149467 140005
FIRST COOKSTOWN CONGREGATION OF THE PREsBERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestricted Funds Restrirted Funds Endowment Total Funds Total Funds Funds 2022 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 72000 5428 26303 4034 98303 9462 122778 {24475} Bank and Cash at end of year 77428 30337 107765 98303 Bank & Cash Balances Bank Deposit Accounts Bank Current Account5 Cash in Hand 889 29448 889 106876 891 97412 77428 107765 98303 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Investments- Note 11 Gift Aid receivable on donations 41702 41702 41702 41702 41702 41702 Approved by the Church Committee at a meeting on 3rd kff.L 2023 and signed on its behalf by: B. Donaghy (Congregational Treasurer) B. Agnew (Trusteel 10
FIRST COOKSTOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS A5 the total income of the congregation is le5S 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 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 a5 restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the fi rst place. Restricted funds comprise la) 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 fund5 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 Funds Total 2022 Total 2021 Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequest 96835 2242 7027 25071 694 20698 117533 2242 14807 29171 894 111869 1028 9224 22345 2923 7780 4100 200 131869 32778 164647 147389 11
FIRST COOKSTOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Income from charitable activities Membership fees & Grants 1034 1034 OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Letting of premises INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Deposit interest General Investment Fund Rents investment properties 128 33 161 96 16 16 16 144 33 177 112 12
FIRST COOKSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Magazines Heat & Light Contribution Other income 685 290 685 290 150 975 975 150 RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 FWO envelopes 889 889 889 889 889 889 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities 11759 742 78803 24879 11759 742 78803 40721 21983 11982 742 76475 49181 19017 15842 21983 116183 37825 154008 157397 13
FIRST COOKSTOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd} 31 December 2022 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Property expenses 1440 1440 12874 1440 1440 12874 10. FIXED ASSETS The congregation owns the Church premise5, Halls and Former Manse situated at Loy Hill, Cookstown, and the a55ociated fixtures, fittings, plant and machinery. These have an insurance value of £3,581,021. In addition, the congregation owns a new manse at Moneymore Road, Cookstown with an insurance value of £432,847. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2022 2021 General Investment Fund GB Crooks Bequest Investment Progressive Building Society Glasgow Bequest Investment 13542 2000 25120 13542 2000 25120 1040 1040 41702 41702 14
FIRST COOKSTOWN CONGREGATION OF THE PRESBERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2022 12. FUND BALANCES Fund Balance at start Receipts Payment Transfer Surplus / Balance at (Deficit) end Unrestricted Fund5 No. l Account 72000 132988 117072 1104881 5428 77428 72000 132988 117072 1104881 5428 77428 Restricted Funds No. 2 Account Investment. Building & Manse Bowling Club Sunday School & Bible Class pw Youth Fellowship Friends at First United Appeal Charity/ Missions 9906 12674 1163 74 1589 897 25387 18 12838 1443 1103501 2199 114251 12105 11249 1163 82 3927 897 914 260 5347 252 3109 loo 2338 1799 685 10350 10588 {2001 10350 10588 914 26303 32811 39265 10488 4034 30337 Endowment Funds General Investment Fund GB Crooks Bequest Investment Progressive Building Society Glasgow Bequest Investment 13542 2000 25120 1040 13542 2000 25120 1040 41702 41702 Total 140005 165799 156337 9462 149467 15