an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTIES for the year ended 31 December 2022 Note Unrestricted Funds Restricted Funds Total 2022 Total 2021 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 128224 1305 72245 5043 200469 6348 189048 2105 426 2556 135 300 561 2856 455 520 Total Reteipts 132511 77723 210234 192128 Payments R3i5ingfunds Charitable activities Investment costs Other 109119 57749 166868 141542 Total Payments 109119 57749 166868 141542 Net receipts / (payments) Transfers between funds 23392 1384321 19974 38432 43366 50586 Net movement in funds Funds brought forward 115040) 39980 58406 11029191 43366 1629391 50586 11135251 Funds carried forward 12 24940 1445131 1195731 (62939)
an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2022 Unrestrirted Funds Restricted Total Funds Total Funds Funds 2022 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 39980 115040) 11029191 58406 {629391 43366 1113525) 50586 Bank and Cash at end of year 24940 {445131 {195731 162939) Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 27269 47012 27269 71952 37309 167067 157 24940 99221 204533 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Investments- Note 11 Gift Aid receivable on donations 2847050 2847050 29437 29437 2876487 2876487 Liabilities Loans Danske Bank Loan Other 118794 267472 118794 267472
an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTOTHE ACCOUNTS 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 (al 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 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 Total 2022 Total 2021 Recorded giving: Freewill Offering Loose collections Donations and gifts Gift Aid Legacies and bequest 70215 1628 24977 31404 64960 1218 4967 iioo 135175 2846 29944 32504 135937 1441 18771 32899 128224 72245 200469 189048
an MOLESWORTH CONGREGATION OF THE PREsBERIAN CHURCH IN IRELAND NOTES TOTHE ACCOUNTS 31 December 2022 CHARITABLE AcfiviTIES Unrestritted Funds Restricted Funds Total 2022 Total 2021 Income from charitable activities Fees from weddings and funerals Fundraising events Membershipfees Grants & VAT Refunds 1305 763 150 2068 150 loo 930 3200 930 3200 2005 1305 5043 6348 2105 4. OTHER TRADING AcfiviTIES Unrestrirted Funds Restricted Funds Total 2022 Total 2021 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2022 Total 2021 Deposit interest General Investment Fund Rents investment properties Other investment income Other Bank Interest Education Board of Tyrone Interest 61 61 68 68 404 28 68 352 31 398 28 426 135 561 455
an MOLESWORTH CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 OTHER INCOME Unrestrirted Funds Restricted Funds Total 2022 Total 2021 Use of Hall & Church Other income 375 2181 375 2481 200 320 300 2556 300 2856 520 RAISING FUNDS Unrestricted Funds Restricted Funds Total 2022 Total 2021 FWO envelopes Fundraising events CHARITABLE AcfiviTIES Unre5trirted Funds Restricted Funds Total 2022 Total 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 20557 20557 20077 53812 29583 5167 53812 49259 43240 52026 42255 27184 19676 38073 109119 57749 166868 141542
an MOLESWORTH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Total 2022 Total 2021 Building expenses 10. FIXED ASSETS The congregation owns the Church premises situated at Molesworth Road, Cookstown, the adjoining Church hall, the former manse and the associated fixtures, fittings, plant and machinery. In addition the Church owns a manse at Coolreaghs Road, Cookstown. These have an insurance value of £2,847,050. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2022 2021 General Investment Fund Property Other investments 29437 29437 29437 29437
an MOLESWORTH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2022 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds No. l Account 39980 132511 109119 23392 138432) 24940 39980 132511 109119 23392 (384321 24940 Restricted Funds Bank of Ireland - Deposit Account Renovation Fund Property/Building Fund Bridging Loan Account Presbyterian Women Boys Brigade & Girls Brigade Sunday School Youth Fellowship Smalltalk Missionary Fund United Appeal General Missions Fund Presbyterian Children's Society Maud Kells Trip Ukraine Appeal 33787 39173 75826 {267472) 434 4816 4662 1229 862 3764 18697 8157 35585 18697 3966 35585 {100921 {491 1480 1191) 191 {1241 (2766) 1105151 122001 1897) 192131 136981 128736) 1135851 11045401 158770 23748 29554 6871 {118794) 385 6296 4471 1220 738 998 4191 10092 1931 4826 559 429 124 9074 10515 2200 897 9213 3698 1882 6306 368 420 6308 10515 2200 897 9213 3698 {102919) 77723 57749 19974 38432 1445131 Total {629391 210234 166868 43366 1195731