Presbyter an FIRST COOKSTOWN CONGREGATION OFThE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTIES for the year ended 31 December 2023 Note Unrestrirted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 133627 6(MJ 34943 29181 168570 29781 164647 799 4764 421 1220 4764 177 975 Totsl Receipts 139790 64545 204335 165799 Payments Raising funds Charitable activities Property Expenses 889 119054 889 163575 25203 889 154008 1440 44521 25203 Totsl Payments 119943 69724 189667 156337 Net receipts / (payments) Transfers between funds 19847 (23929) 15179) 23929 14668 9462 Net movement in funds Funds brought forward {40821 77428 18750 30337 14668 149467 9462 140CK]5 41702 Funds carried forward 12 73346 49087 41702 164135 149467
Presbyter an FIRST COOKSTOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF A55Efs AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restricted Funds Endowment Total Funds Total Funds Funds 2023 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 77428 {40821 30337 18750 107765 14668 98303 9462 Bank and Cash at end of year 73346 49087 122433 107765 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 2377 46585 125 2377 119931 125 889 106876 73346 122433 107765 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 20 February 2024 and signed on its behalf by 6D fIl4£[L 10
an FIRST COOKSTOWN CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMEKrs As the total income of the congregation is less than £250,(X)O the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulation5 (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 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 {b) 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. DONATIONS AND LEGACIES Unrestrirted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequest 102959 2524 1456 21028 4303 2620 6992 123987 6827 4076 32996 117533 2242 14807 29171 894 133627 34943 168570 164647 11
an FIRST COOKSTOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Income from charitable activities Membership fees & Grants 22389 6792 22389 7392 6(M) 29181 29781 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restrirted Funds Endowment Funds Total 2023 Total 2022 Letting of premises INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Deposlt interest General Investment Fund Rents investment properties 781 277 144 1058 144 18 161 18 16 799 421 1220 177 12
an FIRST COOKSTOWN CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE AccouKfs (cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Magazines Heat & Light Contribution Other income 824 3940 824 3940 685 290 4764 4764 975 RAISING FUNDS Unrestrirted Funds Restrfcted Funds Endowment Funds Total 2023 Total 2022 FWO envelopes 889 889 889 889 889 889 CHARITABLE AcfiviTIES Unrestrirted Funds Restrlrted Funds Endowment Funds Total 2023 Total 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities 10809 742 83049 24454 10809 742 83049 45470 23505 11759 742 78803 40721 21983 21016 23505 119054 44521 163575 154008 13
an FIRST COOKSTOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE AccouKfs (convd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Property expenses 25203 25203 1440 25203 25203 1440 10. FIXED ASSErs The congregation owns the Church premises, Halls and Former Manse situated at Loy Hill. Cookstown, and the associated fixtures, fittings, plant and machinery. These have an insurance value of £3,581,021. In addition, the con8regation 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. 2023 2022 General Investment Fund GB Crooks Bequest Investment Progressive Building Society Glasgow Bequest Investment 13542 2000 25120 1040 13542 20LM) 25120 1040 41702 41702 14
Presbyter an FIRST COOKSTOWN CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 12. FUND BALANCES Fund Balance at start Receipts Payment Transfer Surplus / Balance at (Deficit) end Unrestricted Funds No. l Account 77428 139790 119943 (239291 {4082) 73346 77428 139790 119943 (239291 {4082) 73346 Restrlrted Funds No. 2 Account Investment, Building & Manse Bowling Club Sunday School & Bible Class pw Youth Fellowship Friends at First Scout Group United Appeal Charity / Missions 12105 11249 1163 82 3927 897 914 24858 15900 1483 429 5150 10198 25207 1159 250 7471 (10634) 2(K)00 4026 10693 324 179 (2321) 16131 21942 1487 261 1606 897 1513 5250 3(K)5 13720 599 5250 8470 10634 3929 10634 3929 30337 64545 69724 23929 18750 49087 Endowment Funds Gener31 Investment Fund GB Crooks Bequest Investment Progressive Building Society Glasgow Bequest Investment 13542 20 25120 1040 13542 2000 25120 1040 41702 41702 Total 149467 204335 189667 14668 164135 15