an FIRST CASTLEDERG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) For the year ended 31 December 2022 Note Unrestricted Restrlcted Endowment Funds Funds Funds Total 2022 Total 2021 Receipts Donations and legacies Charita ble activities Other tradi ng activities Investment Income Other 70,200 33,611 13,959 2,252 390 85 103,811 13,959 10,277 4,566 1,374 103,728 11,953 5,076 9,263 1,594 8,025 4,176 1,289 Total receipts 83,690 50,297 133,987 131,614 Payments Raising funds Charitable activities Other {1,0751 161,8551 {14,3651 (431) {17,8401 (1,0751 (1,354) {76,2201 176,7511 {18,2711 127,1051 Total payments 163,3611 {32,2051 {95,5661 1105,210} Net receipts/(payments) Transfers between funds 20,329 18,092 38,421 26,404 Net movement in funds Funds brought forward 20,329 18,092 14,286 1116,7261 38,421 26,404 {102,440) {128,844) Funds carried fonvard 12 34,615 {98,6341 (64,019) {102,440) 11
an FIRST CASTLEDERG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestrlcted Restricted Endowment Funds Funds Funds Total Total Funds Funds 2021 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 14,286 (116,7261 20,329 18,092 (102,4401 (128,8441 38,421 26,404 Bank and Cash at end of year 34,615 {98,634) 164,019) {102,440) Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 118,121 9,215 222,606 6,956 127,336 229,562 Liabilities Bank Loan 1191,355) 1332,0021 164,0191 1102,4401 Other Assets Fixed Assets- Note 10 Investments - Note 11 435,564 177,364 435,564 193,250 612,928 628,814 Approved by the Kirk Session at a meeting on its behalf by: so and signed on Mrja es Youn Mr David Young Date: Date: 12
an FIRST CASTLEDERG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS For the year ended 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 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 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 Ibl 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 Unrestricted Restricted Funds Funds Endowment Funds Total 2022 Total 2021 Recorded giving Loose collections Donations and gifts Gift aid Legacies and Bequests 59,765 23,710 2,153 2,445 5,303 83,475 2,153 2,445 15,738 84,120 810 2,194 14,604 2,000 10,435 70,200 33,611 103,811 103,728 13
an FIRST CASTLEDERG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) For the year ended 31 December 2022 CHARITABLE ACTIVITIES Unrestricted Restrlcted Endowment Funds Funds Funds Total 2022 Total 2021 Fundraising Events Grants 8,732 5,227 8,732 5,227 11,953 13,959 13,959 11,953 4. OTHER TRADING ACTIVITIES Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 Letting of land and property 8,025 2,252 10,277 5,076 8,025 2,252 10,277 5,076 INVESTMENT INCOME Unrestricted Restrlcted Endowment Funds Funds Funds Total 2022 Total 2021 Deposit interest General Investment Fund Other investment income io 380 10 4,555 33 9,145 85 4,175 4,175 390 4,565 9,263 14
an FIRST CASTLEDERG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) For the year ended 31 December 2022 OTHER INCOME Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 Other income 1,289 85 1,374 1,594 1,289 85 1,374 1,594 RAISING FUNDS Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 FWO and gift aid envelopes 1,075 1,075 1,354 1,075 1,075 1,354 CHARITABLE ACTIVITIES Unrestricted Restrlcted Endowment Funds Funds Funds Total 2022 Total 2021 General Assembly assessments Presbytery fees Ministry and support staff costs Congregational running expenses Organisational running expenses Donations to missions and charities Governance costs 9,250 383 29,243 21,851 9,250 383 30,099 27,800 5,544 2,016 1,128 9,699 375 30,375 19,343 9,849 6,030 1,080 856 5,949 5,544 2,016 1,128 61,855 14,365 76,220 76,751 15
an FIRST CASTLEDERG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) For the year ended 31 December 2022 OTHER EXPENDITURE Unrestricted Restrlcted Endowment Funds Funds Funds Total 2022 Total 2021 Property expenses Letting of land and property expenses Bequest New Church Hall building costs Purchase of equipment Bank loan interest 2,392 2,392 4,599 431 165 2,000 596 2,000 682 6,738 4,874 10,212 1,284 11,999 1,284 11,999 431 17,840 18,271 27,105 10. FIXED ASSETS The congregation owns the Church premises situated at Garvetagh Road, Castlederg, County Tyrone and the associated fixtures, fittings, plant and machinery. These have an insurance value of £4,756,360. 2022 2021 New church hall building cost5 435,564 435,564 435,564 435,564 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2022 2021 General Investment Fund Other investments 177,364 193,250 177,364 193,250 16
an FIRST CASTLEDERG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) For the year ended 31 December 2022 12. FUND BALANCES Balance at start Surplus / (Deflclt) Transfers Balance at end Fund Receipts Payments Unrestricted Funds General Fund 14,286 83,690 (63,361) 20,329 34,615 14,286 83,690 {63,361) 20,329 34,615 Restricted Funds Property Mission and charity Other Organisational 1130,4551 3,921 465 9,343 34,870 {18,4411 7,232 (7,4601 1,367 (165) 6,828 (6,1391 16,429 (2281 1,202 689 1114,026) 3,693 1,667 10,032 1116,7261 50,297 {32,2051 18,092 198,6341 Endowment Funds Endowment Total {102,440) 133,987 (95,566) 38,421 {64,0191 17