POMEROY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31 December 2023
Registered Charity in Northern Ireland (NIC 105662-0)
POMEROY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023
| Note | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | 56,771 | 29,370 | 0 | 86,141 | 79,179 |
| Charitable activities | 3 | 130 | 1,750 | 0 | 1,880 | 2,350 |
| Other trading activities | 4 | 150 | 750 | 0 | 900 | 1,313 |
| Investment Income | 5 | 2,181 | 10 | 61 | 2,252 | 598 |
| Other | 6 | 330 | 240 | 0 | 570 | 4,361 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 59,562 | 32,120 | 61 | 91,743 | 87,801 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Payments | ||||||
| Raising funds | 7 | 265 | 0 | 0 | 265 | 290 |
| Charitable activities | 8 | 50,734 | 29,069 | 0 | 79,803 | 74,318 |
| Other | 9 | 887 | 0 | 0 | 887 | 431 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Payments | 51,886 | 29,069 | 0 | 80,955 | 75,039 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net receipts / (payments) | 7,676 | 3,051 | 61 | 10,788 | 12,762 | |
| Transfers between funds | 61 | 0 | (61) | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | 7,737 | 3,051 | 0 | 10,788 | 12,762 | |
| Funds brought forward | 163,508 | 24,061 | 11,653 | 199,222 | 186,460 | |
| ---------- | --------- | ---------- | ---------- | ---------- | ||
| Funds carried forward | 12 | 171,245 | 27,112 | 11,653 | 210,010 | 199,222 |
| ====== | ====== | ====== | ====== | ====== |
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POMEROY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2023
| s at 31 December 2023 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | Funds | Funds | |
| 2023 | 2022 | ||||
| £ | £ | £ | £ | £ | |
| Funds Reconciliation | |||||
| Bank and Cash at start of year | 163,508 | 24,061 | 11,653 | 199,222 | 186,460 |
| Net movement in funds | 7,737 | 3,051 | 0 | 10,788 | 12,762 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Bank and Cash at end of year | 171,245 | 27,112 | 11,653 | 210,010 | 199,222 |
| ======= | ======= | ======= | ======= | ======= | |
| Bank & Cash Balances | |||||
| Bank Deposit Accounts | 144,377 | 143,171 | |||
| Bank Current Accounts | 65,633 | 56,051 | |||
| ---------- | ---------- | ||||
| 210,010 | 199,222 | ||||
| ======= | ======= | ||||
| Other Assets | |||||
| Fixed Assets – Note 10 | 1,893,486 | 1,761,382 | |||
| Investments – Note 11 | 40,597 | 40,597 | |||
| Gift Aid receivable on donations | 14,598 | 14,525 | |||
| ---------- | ---------- | ||||
| 1,948,681 | 1,816,504 | ||||
| ======= | ======= |
Approved by the Kirk Session at a meeting on 27[th] October 2024 and signed on its behalf by:
Signed:
Signed:
Name: Alexander Moore Name: Henry Watt Date: 27/10/24 Date: 27/10/24
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POMEROY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023
1. 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 (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.
2. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Recorded giving | 46,135 | 24,116 | 0 | 70,251 | 66,649 |
| Loose collections | 650 | 0 | 0 | 650 | 590 |
| Gift Aid | 9,271 | 5,254 | 0 | 14,525 | 11,900 |
| Legacies, bequest and donations | 715 | 0 | 0 | 715 | 40 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 56,771 | 29,370 | 0 | 86,141 | 79,179 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
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POMEROY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS
31 December 2023
3. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Fees from weddings and funerals | 130 | 1,750 | 0 | 1,880 | 2,350 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 130 | 1,750 | 0 | 1,880 | 2,350 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 4. OTHER TRADING ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Letting of premises | 150 | 750 | 0 | 900 | 1,065 |
| Grant monies | 0 | 0 | 0 | 0 | 248 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 150 | 750 | 0 | 900 | 1,313 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 5. INVESTMENT INCOME | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 2,181 | 10 | 61 | 2,252 | 358 |
| Rents investment properties | 0 | 0 | 0 | 0 | 240 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 2,181 | 10 | 61 | 2,252 | 598 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
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POMEROY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2023
6. OTHER INCOME
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Other income | 330 | 240 | 0 | 570 | 445 | |
| Insurance receipt | 0 | 0 | 0 | 0 | 3,916 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 330 | 240 | 0 | 570 | 4,361 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| . | RAISING FUNDS | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| FWO envelopes | 265 | 0 | 0 | 265 | 290 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 265 | 0 | 0 | 265 | 290 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| . | CHARITABLE ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| General Assembly Assessments | 9,125 | 0 | 0 | 9,125 | 8,641 | |
| Presbytery fees | 345 | 0 | 0 | 345 | 345 | |
| Ministry and support staff costs | 27,119 | 0 | 0 | 27,119 | 26,052 | |
| Congregational running expenses | 12,895 | 12,169 | 0 | 25,064 | 20,499 | |
| Donations to Missions and | 1,250 | 16,900 | 0 | 18,150 | 18,781 | |
| charities | ||||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 50,734 | 29,069 | 0 | 79,803 | 74,318 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- |
7. RAISING FUNDS
8. CHARITABLE ACTIVITIES
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POMEROY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2023
9. OTHER EXPENDITURE
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Investment properties expenses | 887 | 0 | 0 | 887 | 431 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 887 | 0 | 0 | 887 | 431 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
10. FIXED ASSETS
The congregation owns the Church premises situated at 2 Edendoit Road, Pomeroy, BT70 2RW, the Church hall, the Church manse, other buildings and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,893,486 at the date of last renewal (31 October 2023).
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at cost price (insurance valuation, including contents, of £213,131 at the date of last renewal (31 October 2023)).
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Property | 40,597 | 40,597 |
| ---------- | ---------- | |
| 40,597 | 40,597 | |
| ---------- | ---------- |
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POMEROY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2023
12. FUND BALANCES
| Fund | Balance | Receipts | Payment | Surplus / | Transfer | Balance |
|---|---|---|---|---|---|---|
| at start | (Deficit) | at end | ||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| General | 163,508 | 59,562 | 51,886 | 7,676 | 61 | 171,245 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 163,508 | 59,562 | 51,886 | 7,676 | 61 | 171,245 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted Funds | ||||||
| Property/building | 9,874 | 7,187 | 6,650 | 537 | 0 | 10,411 |
| United Appeal | 0 | 0 | 4,065 | (4,065) | 4,065 | 0 |
| General Missions | 2,851 | 11,944 | 7,906 | 4,038 | (4,065) | 2,824 |
| PW (Kitchen + General) | 4,398 | 7,363 | 5,788 | 1,575 | 0 | 5,973 |
| Manse | 1,476 | 750 | 68 | 682 | 0 | 2,158 |
| Sunday School | 3,079 | 3,278 | 3,317 | (39) | 0 | 3,040 |
| Youth Fellowship | 845 | 879 | 614 | 265 | 0 | 1,110 |
| Bowling club | 1,538 | 719 | 661 | 58 | 0 | 1,596 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 24,061 | 32,120 | 29,069 | 3,051 | 0 | 27,112 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Endowment Funds | ||||||
| Bequests | 11,653 | 61 | 0 | 61 | (61) | 11,653 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 11,653 | 61 | 0 | 61 | (61) | 11,653 | |
| ---------- | ----------- | ----------- | ----------- | ----------- | ---------- | |
| Total | 199,222 | 91,743 | 80,955 | 10,788 | 0 | 210,010 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |
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