GORTNESSY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements For the year ended 31 December 2023
Registered Charity in Northern Ireland (NIC 105673)
GORTNESSY 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 Funds Funds £ £ Receipts Donations and legacies 2 21,106 5,176 Charitable activities 3 0 180 Other trading activities 4 200 0 Investment Income 5 4,830 5,055 Other 6 300 600 Total Receipts 26,436 11,011 Payments Raising funds 7 352 0 Charitable activities 8 23,830 6,584 Other 9 0 0 Total Payments 24,182 6,584 Net receipts / (payments) 2,254 4,427 Transfers between funds 0 0 Net movement in funds 2,254 4,427 Funds brought forward 23,105 12,640 Funds carried forward 12 25,359 17,067 |
Total Total 2023 2022 £ £ 26,282 52,707 180 100 200 0 9,885 10,631 900 0 37,447 63,438 352 316 30,414 59,142 0 0 30,766 59,458 6,681 3,980 0 -60,000 6,681 -56,020 35,745 91,765 42,426 35,745 |
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GORTNESSY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023
| Note Unrestricted Restricted Funds Funds £ £ Funds Reconciliation Bank and Cash at start of year 23,106 12,639 Net movement in funds 2,254 4,427 Bank and Cash at end of year 12 25,360 17,066 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand Financial Investments 11 Total Funds per Statistical Return Subtotal Other Assets Fixed Assets 10 Other Investments/Property 11 Gift Aid receivable on donations Liabilities Accruals and Sundry Creditors Total Assets |
Total Total Funds Funds 2023 2022 £ £ 35,745 91,765 6,681 -56,020 42,426 35,745 0 0 42,255 35,464 171 281 42,426 35,745 428,272 399,927 470,698 435,672 1,623,055 1,404,480 161,000 161,000 4,000 3,000 2,258,753 2,004,152 -750 -600 2,258,003 2,003,552 |
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Approved by the Kirk Session on 23/03/2024 and signed on its behalf by
Ross Hyndman Richard Manning Clerk Of Session Treasurer 23/03/2024 23/03/2024
GORTNESSY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS for the year ended 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.
GORTNESSY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (continued)
for the year ended 31 December 2023
| 2. DONATIONS AND LEGACIES Un Recorded giving Loose collections Donations and gifts Gift Aid 3. CHARITABLE ACTIVITIES Un Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 4. OTHER TRADING ACTIVITIES Un Letting of premises Trading income 5. INVESTMENT INCOME Un Deposit interest General Investment Fund Rents from property 6. OTHER INCOME Un Insurance claims Other income 7. RAISING FUNDS Un FWO envelopes Fundraising events 8.CHARITABLE ACTIVITIES Un General Assembly Assessments (inc Stipend) Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities 9. OTHER EXPENDITURE Un |
re F 16 1 3 21 |
stricted Restricted Total Total unds Funds 2023 2022 £ £ £ £ ,124 3,044 19,168 18,322 60 0 60 19 ,256 1,560 2,816 30,840 ,666 572 4,238 3,526 ,106 5,176 26,282 52,707 stricted Restricted Total Total unds Funds 2023 2022 £ £ £ £ 0 0 0 0 0 0 0 0 0 0 0 0 0 180 180 100 0 0 0 0 0 180 180 100 stricted Restricted Total Total unds Funds 2023 2022 £ £ £ £ 200 0 200 0 0 0 0 0 200 0 200 0 stricted Restricted Total Total unds Funds 2023 2022 £ £ £ £ 73 0 73 33 110 0 110 114 ,647 5,055 9,702 10,484 ,830 5,055 9,885 10,631 stricted Restricted Total Total unds Funds 2023 2022 £ £ £ £ 300 0 300 0 0 600 600 0 300 600 900 0 stricted Restricted Total Total unds Funds 2023 2022 £ £ £ £ 352 0 352 316 0 0 0 0 352 0 352 316 stricted Restricted Total Total unds Funds 2023 2022 £ £ £ £ 042 0 1,042 772 233 0 233 206 718 0 5,718 2610 3007 6584 19,591 51582 830 0 3,830 3972 3830 6584 30414 59142 stricted Restricted Total Total unds Funds 2023 2022 £ £ £ £ 0 0 0 0 |
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| re F re F re F 4 4 |
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| re F re F re F 1 5 1 3 2 |
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| re F |
10. FIXED ASSETS
The congregation owns the Church Premises,Hall,Session House,Sexton House and Monument situated at 84 Kilnappy Road, Drumahoe, and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,623,055.
| 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. Combined Investments (Davy) General Investment Fund - Minister per PCI General Investment Fund - Sunday School per PCI Total Financial Investments Farmland - 28.5 acres |
Total Total 2023 2022 £ £ 423,234 395,308 1,373 1,259 3,665 3,360 5,038 4,619 428,272 399,927 161,000 161,000 |
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GORTNESSY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (continued) for the year ended 31 December 2023
12. FUND BALANCES
| Fund Unrestricted Funds General Fund Restricted Funds B & R Funds Bowling Club Total Restricted Endowment Funds Total |
Balance Receipts at start £ £ 23,106 26,436 12,358 10,831 281 180 12,639 11,011 0 0 35,745 37,447 |
Payment Surplus / Transfer Balance (Deficit) at end £ £ £ £ -24,182 2,254 0 25,360 -6,294 4,537 0 16,895 -290 -110 171 -6,584 4,427 0 17,066 0 0 0 -30,766 6,681 0 42,426 |
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