an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Receipts Donations and legacies Charita ble activities Other trad ing activities Investment Income Other 15854 645 16499 16250 700 365 742 365 2960 94 2668 2218 Total Receipts 16961 2863 19824 19712 Payments Raising funds Cha ritable activities Investment costs Other 138 14988 138 18300 138 20589 3312 Total Payments 15126 3312 18438 20727 Net receipts / {paymentsl Transfers between funds 1835 692 14491 1692} 1386 110151 38 Net movement in funds Funds brought forward 2527 54465 (11411 12146 1386 69964 1977) 70941 3353 Funds carried forward 12 56992 11005 3353 71350 69964 10
an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS 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 54465 2527 12146 {1141) 3353 69964 1386 70941 19771 Bank and Cash at end of year 56992 11005 3353 71350 69964 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 42718 14274 5985 5020 3353 52056 19294 51260 18704 71350 69964 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Veh icles Investments- Note 11 Gift Aid receivable on donations Debtors Liabilitie5 Loans Other 71350 69964 11
an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is le55 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 dependin8 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 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 11790 181 1694 2189 620 25 12410 206 1694 2189 12085 932 1720 1513 15854 645 16499 16250 12
an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fundraising event5 Membership fees Grants 7(X) 700 4, OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Letting of premises Trading income INVESTMENT INCOME Unrestrirted Funds Restricted Funds Endowment Fund5 Total 2023 Total 2022 Deposit interest General Investment Fund Rents investment properties Other investment income 365 365 94 365 365 94 13
an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTE5 TO THE ACCOUNTS {cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Other income 742 2218 2960 2668 742 2218 2960 2668 RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 FWO envelopes 138 138 138 138 138 138 CHARITABLE AcfiviTIES Unrestricted Funds Restricted 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 Governance costs 96 67 11103 3107 75 540 96 67 11103 4480 2014 540 21 67 11686 5916 2425 474 1373 1939 14988 3312 18300 20589 14
an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Investment properties expenses 10. FIXED ASSETS The congregation own5 the Church premises situated at 14 Ballygoney Road East, Moneymore BT45 7XZ and 21 Littlebridge Road Moneymore BT45 7XX the associated fixtures, fittings, plant and machinery. These have an insurance value of £636,321. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 General Investment Fund Property Other investments 15
an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus 1 (Deficit) Transfer Balance at end Unrestricted Funds General Fund Business Reserve Progressive Building Society 12543 21922 2(K)00 16691 270 15126 1565 270 166 526 14274 22718 20000 54465 16961 15126 1835 692 56992 Restricted Funds Building and Repair Sunday School Progressive Building Society Shared Pulpit Supplies Appeals and Collections 5635 526 5985 645 1373 (728) 113 (5261 5020 5985 2218 2218 11939) 122181 1939 1939 12146 2863 3312 14491 (6921 11005 Endowment Funds Progressive Bu ilding Society Harkness Senator Duff Henderson 3000 250 65 38 250 65 38 3353 3353 Total 69964 19824 18438 1386 71350 16