ARMAGHBREAGUE PRESBYfERIAN CHURCH ARMAGH CONGREGATION OF THE PRESBERIAN CHURCH IN IRELAND srATEMENT OF FINANCIAL AcfiviTY FOR THE YEAR ENDED 31st DECEMBER 2023 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Recelpts Donations & Legacies Charitable Actlvities Other trading activities Investment income Other income 25,882 2.361 6.302 7.797 32,184 10,158 30,711 8,873 2S2 li 253 li 248 60 Total Receipts 28,506 14,100 42,606 39.892 Payments Ralslng Funds Charltable Actlvltles 222 28,307 222 35,337 223 39,537 7,030 Total Payments 28.529 7,030 35,559 39,760 Net Recelpts I Payment5 Transfers net 1231 300 7,070 3001 7,047 132 Net movement In funds 277 6.770 7,047 132 Funds brought forward 01 January 2023 35,377 48,804 84,181 84,049 Deduct non cashlbank related Endowment Fund5 Fund5 carrled forward 31 December 2023 35,654 55,574 91,228 84.181
ARMAGHBREAGUE PRESBYTERIAN CHURCH ARMAGH CONGREGATION OF THE pRE5BERIAN CHURCH IN IRELAND STATEMENT OF ASS5 AND UABILITIES FOR THE YEAR ENDED 31ST DECEMBER 2023 Unrestricted Funds Restricted Funds Endowment Funds Totsl 2023 Total 2022 Funds Reconaiation Bank and cash at start of year 35,377 48,804 84,181 84,049 Net movement in funds 277 6.770 7,047 132 Bank & cash at end of year 35,654 55.574 91,228 84,181 Bank & Cash Balances Bank Current Accounts 35.654 55,574 91.228 84,181 Total 91,228 84,181 Memorèndum Note Onlv Flxed Assets 1,171.427 1,089,700 Investments io 1,812 1.812 1,711 Approved by Klrk Sesslon at a meetlng on 1110312024 and signed on its behalf by.. Date.. 1110312024 Date: 1110312024
ARMAGHBREAGUE PRESBYTERIAN CHURCH ARMAGH CONGREGATION OF THE PRE5BERjAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,1 the congregation have elerted in actordance with the provisions In The Charitie5 (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments ba515. FUND ACCOUNTING Endowment funds are funds. the capital of whlch must be retained either permanently or at the congregatlon's diKretion- the in¢ome derived from the endowment is to be used either as restricted or unrestricted income funds dependlng upon the purpose for which the endowment was establlshed in the first plate. Restricted funds comprlse lal income from endowments which Is to be expended only on the restrlcted purposes Intended by the donor and Ibl revenue donatlons or grants for a specific congregational actlvity 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 whlch are to be spent on the congregation's general purposes. Desl8nated funds are general funds set aside by the congre8atlon for use in the firture. RECEIPTS 2. DONATIONS & LEGACIES Unrestrlcted Funds Restricted Funds Endowment Funds Total 2023 Recorded Givln8'. Loose collections Donatlons & gifts Glft Ald Leggcles & bequest 224 21.881 3,777 704 26,721 4,759 982 25.882 6.302 32,184 3. CHARITABLE AcfiviTIES Unrestrirted Funds Restrbcted Funds Endowment Funds Total 2023 Income from charltable actlvity & fundralslng Membership Fees Grants 1.761 1,191 1,616 4,990 2.952 1,616 5,590 2.361 7,797 10,158 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Letting of Premlses
ARMAGHBREAGUE PRESBYfERIAN CHURCH ARMAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 5. INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Department of Social Development General Investment FLbnd-John McKee Bequest Bank Interest 37 li 204 37 li 205 252 253 6. OTHER INCOME Unrestrirted Funds Restricted Funds Endowment Funds Totsl 2023 NIE Wayleave Payment Grave Fees Other- Pre5entstlons li li li li PAYMENTS 7. RAISING FUNDS Unrestrfrted Funds Re5tr1cted Fund5 Endowment Funds Totsl 2023 FWO envelopes 222 222 222 222 8. CHARITABLE ACTIVITES Unrestrlcted Funds Restricted Funds Endowment Funds Totsl 2023 General Assemb Assessments & Payments Presbytery Fees Ministry & support staff Runnlng expenses Donatlons to Missionslcharltles Govemance costs 4.031 240 19.125 4.290 45 576 4.031 240 19,125 8,232 3.001 708 3.942 2.956 132 28,307 7.030 35.337 Memorandum only entrles The con8re8ation owns the chh prèmises. Church Hall and connecting graveyard situated at 8 Aughnagur8an Road and the associated fixtures, fittKn8s. plani arsd machinery. These have insured Wdlues of £1.171.427. 9. FIXED ASSETS
ARMAGHBREAGUE PRESBYfERIAN CHURCH ARMAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 The congregation has the following investments. Amounts are shown at market value. 10. INVESTMENTS Endowment Funds Total 2023 Social Development- Nl Central Investment Fund for Charities General Investment Fund-Presbyterian Church in Ireland 1.266 546 1.266 546 1.812 1.812 11. FUND BALANCES Balance at stsrt Receipts Pawnents Surplus/ (Deficit) Transfers nett Balance at end Unre5tr1cted Funds General 35,377 28.506 28,529 277 300 35,654 35,377 28.506 28,529 277 300 35,654 Restrlcted Funds United Appeal Children's Society Earthquake Appeal Macmillan Collection Repairs Caterlng Wedding Present Sunday khool pw Purple Heaher Club Little Ones pant & Toddler Group Youth aub Glrls 8rlgade 1.826 234 582 1,826 234 582 40.592 819 3,356 146 3,210 43,802 819 385 1,067 5.709 152 385 1,244 9,092 152 476 7,626 299 3,943 177 3,383 13001 80 48,804 14,IlXI 7,030 6.770 13001 55.574 Total Funds 84.181 42,606 35,559 7,047 91,228