an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2022 Registsred Charity in Northern Ireland {NIC105685)
Presbyter an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELANDTRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financlal Statements for the year ended 31 December 2022 including a Statement of Assets and Liablllties as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Coagh congregation of the Presbyterlan Church In Ireland 1 Welboume Place Coagh Cookstown Co Tyron6 BT80 OEZ Reglstered Charity In Northern Ireland (NIC105685) CHARITY TRUSTEES The Charity Trustees who served durlng the year or who were trustees at the date of thls report were Rev. Stewart Glendinnlng Mrs Amy Alllngham PRINCIPAL OFFICE BEARERS Mlnister Clerk of Sassion Treasurer Rev. Stewart Glendinnlng Mrs Amy Alllngham Mr Richard Mccrea INDEPENDENT EXAMINER Davld Lyttle + Co Ltd 15 Meetlng Street Magherafelt Co Londonderry BT45 6BN BANKERS Danske Bank Donegall Square West Belfast BT16JS
Presbyter an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (convd) STRUCTURE AND MANAGEMENT The Kirk Sesslon The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's governing document, The Code, the book of the constitut5on and govemment of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and seniice in the local community. The Kirk Sessions has delegated to its Congregationa5 Committee the temporal affairs of the congregation including administering.all funds and propety belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordalned minister and the rullng elders of the congregations. All members are. entltled to propose, speak and exercise equal votes at meetings, except that the Moderator, the ministers in active duty in the congregation, has no dellberative but only a casting vote. Stated meetings of the Klrk sesslon are held as required throughout the year, To be chosen for the office of the eldership in the congregatlon a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the office can be either by the congregation or by the Klrk Session. Members are elected If they obtain 0-thirdS of those who vote. Presbytery Under the Presbyterian Church In Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superlntends generally the spiritual and temporal affairs of the congregatlons assigned to it by the General Assembly of the Presbyterian Church in Ireland. Coagh congregatlon of the Presbyterian Church has been assigned to the Tyrone Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned to It by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of the. congregatlon. The General Assembly The General Assembly Is the supreme court of the Church, representing in one body the whole Church and actlng as its supreme legislative, admlnistration and judicial authority, in dealing with all matters brought before it. The General Assembly Is normally constituted during the first week in June for worship and to conduct its business. At the end of business it is dlssolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired mlnsters and a representative elder appointed by the Kirk Session of each congregation.
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd), DESCRIPTION AND PURPOSE The charitable purpose of the congregation is the'advancement of religion. Coagh congregation of the Presbyterian Church is a congregation of the Presbyterian Church In Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is grounded in the Scriptures, and exlsts to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play their part in fulfilling God's mission to our world. The congregatlons misslon purposes is, by the grace of God, to help people of all ages become fully devoted followers of Jesus Christ. Our vlslon Is, by the gra of God, to be an inclusive, welcoming community of Christ's people of all ages, whlch: Is increasingly characterised by love for God,. and love and concern for others,. is committed to the historic Christian gospel as revealed in the Blble. is relevant to people of thls tlme and place. The congregatlon aims to live out Its MIs81on and Vision as a famlly of God's people by belng: A Covenant Communlty: where our relatlonshlps are rooted in the promises of God by living faithfully toward hlm and toward one another An Intergeneratlonal Communlty: where adults Intsntlonally také the lead to engag8 wlth, encourage and nurture younger members to maturity in Christ. An Outward looking Community.. where we want the blesslngs of God that belong to us In the gospel to become blessings for others beyond the bounds of our community, As a congregation of the Presbyterian Church in Ireland, we belleve that the Bible Is the supreme authorlty over all we do, and that the Westmlnster Confesslon of Faith, along with the Larger and Shorter Catechlsms set out what we understand the Blble teaches on key matters of Chrlstlan faith and practlce ACTIVITIES AND 08JECTIVE8 The congregatlon meets for worshlp every Sunday and visitors are welcome to Join. The Sacrament of the Lords Supper Is observed on several occaslons during the year and all those who have been baptised and who have made a profession of falth in the Lord Jesus Christ are admitted to the Lord's Supper. The congregatlon has several organisations including Sunday School Women's Association United Mldweek Fellowship FUEL Bowling Club Mums & Tots Tirne & Talent Group
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) ACHIEVEMENTS AND PERFORMANCE Worship and prayer The congregation normally meets for worship each Sunday at 10:45am. In this past year, the restrictions imposed because of the global COVID pandemic have affected all aspects of church. As restrictions were relaxed Church services resumed and Health and Safety requirements were a priority. W8 hav8 remained in contact with the congregation throughout, using both the postal servlce and email and through providing services on the internet. Charitable organisations have recelved our continuing financial support. As well as our regular servlces during the year the Church offers Sacraments of Baptism and marriage services. As a congregation we gave thanks for faithful services and sought to comfort those who had been bereaved during the year. At 31 December 2022 there were 30 communicant members and 65 families connected with the congregation. The average week attendanc8 at mornlng worship is 30. Pastoral care Members of the congregation who are unable to attend church due to sickness or age are vlslted on a regular basis by the mlnister, or elders. Misslon and outreach At a local level the congregation regularly supports appeals made by Church House. During the year the congregation supported numerous charltable organisatlons through special collections and from Church fund. The Tlme and Talent group was set up to promote fellowshlp and friendshlp through varlous craft activities. The group meets normally lce a month and has average attendance of 55 people at each session. The group also organises a number of outings for members throughout the year. Fund raising is also carried out to support various organisations. The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wlder mission of the denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on its own. The Unlted Appeal Fund provides financial support for misslon personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church's training college for minlstry students, and financially 5UPPOrts congregation in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. The congregation also contrlbutes to the denominations annual World Development Appeal, Sunday School project and any other special appeals.
an COAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (convd) Prosbytery The congregation was represented at the regular meetings of Presbytery by our minister and l or one of the elders. This provides an important link beeen the congregations and the wider structures of the church. General Assembly The minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June. Property The Church Committee continue to provide oversight and maintenance of our suite of buildings to ensure they remaln fit for purpose. Durlng the year a new sound system wa8 installed, and general maintenance carried out. Oryanlsation8 The Sunday School meets every Sunday at 9.45am where the children learn about God through various 8Ctivities. Volunteer8 The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities. PUBLIC BENEFIT STATEMENT The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Chrlstlan Gospel of the Lord Jesus Chrlst through the advancement of rellgion. The direct beneflts which flow from the purposes of the Church include the gaining of an understandlng in Christian bellefs as set out in the Bible and in the Church's subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to practlcal expresslons of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved). Generally the above benefits are delivered locally by congregations and thelr members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Mlnisters, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment, However, this is Incidental and necessary in order to further our charltable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other indivlduals Ihat the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral seNices are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular organisations, charities and indiv.idual members of the public. The Kirk Session ha5 had regard to the Charity Commissions Public benefit requirement statutory guidance.
Presbyter an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) FINANCIAL REVIEW The congregation's main source of income Is members, contributions through the Weekly Freewill Offering. The results for the year are set out on page 9, which the Trustees conslder to be satisfactory. The reserves of the Congregatlon are held for the advancement of its charltable purpose, other than restricted resetves whlch are held for a designated purpose: STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responslble for preparlng the annual report and the financlal ststements of the congregation In accordance wlth appllcable law and generally accepted accounting practice. As the congregation's total Income does not exceed £250,000, the Trustees have elected und8r Sectlon 64(3) of the Charities Act (Northern Ireland) 208 to prepare a recelpts and payment account and a statement of assets and liabilities. The Trustee3 are responslble for keeping adequate accountlng record8 that are 8ufficSent to show and explaln the congregation's transactions and dlsclose with reasonable accuracy at any time Its financial position. They are also responsible for Safeguarding the assets of the con'gregation and hence for taking r6a80nable steps for the prevention and detection of fraud and other irregularities. Approved by the Kirk Sesslon at a meeting on 4th May 2023 and signed on its behalf by LS*tP Rev Stewart Glendlnning Mrs Amy Allingham Tru8tee Trustee 14 ZaL3 Date
an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND I report on the accounts of the Trust for the year ended 31 December 2022, which are set out on pages 9 to 17. Respective responsibilities of charlty trustee8.and examiner As the charity's Trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of Independent examiner's report I have examined your charity accounts as qUired under sectlon 65 of the Charities Act and my examlnatlon was carried out in accordance with the general Directions given by the Charlty Commission for Northern Ireland under sectlon 65{9)(b) of the Charltles Act. My examlnatlon Included a revlew of the accounting records kept by the charity and a comparlson of the accounts presented with those records. It also included consideration of any unusual items or disclosures In the accounts and seeking explanatlons from you as charity Trustees conrning any such matters. My role Is to State whether any material matters have come to my attentlon givlng rne cause to belleve,. 1. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further Information needed for a proper understanding of the accounts to be reached. Indepen I have co connecti that re ent examlner's statement pleted my exami tion and have no concerns in respect of the matters (1) to (4) Ilsted above and, in n with following th irections of the Charity Commission for Northern Ireland, I have found no matters ire drawing to your tentlon. McGeagh FCA CTA for and on behalf of David Lyttle + Co L Chartered Accountants Statutory Audltor8 04 May 2023 15 Meetlng Street Magherafelt Co Londonderry BT45 6BN
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022 Coagh Presbyterian Church Recelpts and Payments Account for the year ended 31 December 2022 Unrestrlctsd RtrIcted Funds Funds 2022 2022 Total Total Noto 2022 2021 Weekly Freewlll Offering Sabbath Co116Ction Special Collections Bank & Deposit interest Investment income Other receipts Receipts regardlng Organis8tlon8 Total Recel 28.352.00 191.03 11,714,02 712.39 4,380.00 10,816.78 28,352.00 25,274.50 191.03 747.26 17,130.63 15,246.00 712.39 741.65 4,380,00 4,440.00 601.38 11,418.16 161,269.91 2,185.35 2,185.35 874.21 8,203.34 64,369.56 208,593.53 5,416.61 56,166.22 ments General Assembly Assessments Church Runnlng Costs Sunday School Costs Manse Costs Administration Costs Charitable Donations Payments regarding Organlsations Total Pa monts 21,679.89 11,169.00 21,879.89 3,890.00 11,169,00 17,839.00 1,387.74 177.35 17,630.00 873,00 4,449.32 5,041.00 5,416.61 6,978.61 5,379.00 1,558.60 1,558.60 953.94 8,362.95 64,853.16 34,153.29 1,387.74 17,630.00 4,449.32 1,562.00 ,10 11 56,490.21 Excess of Recelpts over Payments for the year before transfer8 (323.99) (159.61) (483.60) 174,440.24 Capltal Payments Capltal Grants Recelved Transfers (44,055.00) (44,055.00) Net movement In funds {44.378.99) (159.61) (44,538.60) 174.440.24 Funds brought forward 245,339.80 4.714.56 250,054.36 54,141.53 Funds carrled forward 12 200,960.81 4,554.95 205,515.76 228,581.77
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022 Unr88tricted Funds ,2022 Restrlcted Funds 2022 Total Funds Total Funds 2021 2022 Funds Reconclllatlon Bank and Cash at start of year Net movement in funds 245.339.80 4,714.56 250,054.36 75,614.12 (159.61) (44,538.60> 174,440.24 {44,378.99) Bank and Cash at end of year 200,960.81 4,554.93 205,515.76 250,054.36 Bank & Cash Balance8 Current Accounts Deposit Accounts Cash Total Cash Funds 165,995.49 34,965.32 4,554.95 170,550.44 208,487,78 34,965.32 43,586,58 12 200,960.81 4,564.95 205,515.76 250,064.36 OTHER ASSETS Investment Assets Investments other Listed Investments Other unlisted investments Investment Properties Totsl Inv8Stment Assets 10,689.92 10,689.92 10,689.92 13 10,689.92 10,689.92 10.689.92 Flxed assets 14 579,161.00 579,161.00 535,108.00 Total Fixed Assets 579.161.00 579,161.00 635,106.00 Approved by the Kirk Sesslon at a meeting on 4th May 2023 and slgned on its behalf by Rev Stewart Gl8ndinning Mrs Amy Alllngham Trustee Trustee Date 04 May 2023 10
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE 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 wlth the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on receipts and payments basls. FUND ACCOUNTING Endowment funds are funds, the capital of whlch must be retalned etther permanently or at the congregatlon's discretfjon. the income derlved from the endowment is to be used either as restricted or unrestn'cted Income funds dependlng upon the purp08e for whlch the endowment was established in the first place. Restricted funds comprise (a) Income from endow'ments whlch is to be expended only on the restricted purposes Sntended by the donor and (b) revenue donatlons'or grants for a specific congregational activity intended by the donor. INhere these funds have unspent balances, interest on their pooled investment Is apportioned to the indivldual funds on an average balance basis. Unrestricted funds are Income funds whlch are to be spent on the congregatlon's general purposes. Designated . funds are general funds Set aside by the congregatSon for use in the future, STATEMENT OF ASSETS AND LIABILITIES FIXED ASSETS The assets of the congregation, retalned for Its Oviin use comprlse:. Church Building and Graveyard Church Hall Manse Manse Land The Church Bulldlng and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and Ilabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Manse, Manse Land and Church Hall have been recognised on values which the Trustees deem to represent the estimated fair value of the propety at 1 January 2017. No depreciation has been provided on this buildlng as the current estimated resldual value is not'less than its carrying value and the remainlng useful life currently exceeds 50 years. 11
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 2. Special collections Unrestrfcted Restricted 2022 2022 Total 2022 Total. 2021 Donor United Appeal World Development Appeal Harvest Envelope & Loose Offering Glft Aid on Haplest Collectlon. Presbyterian Orphan Society PW Service Collection Royal British Legion Christlan Aid Student Mlnistry Fund stand By Me Afghanistan Appeal Moderators Appeal Royal Black Servlce Orange Servlce Children8 Day - To Sunday School TOTAL 1,770.00 940.00 1,770.00 940.00 10,022.00 1,433.00 300.00 175.00 75.00 404.00 1,820.00 890.00 9,285.00 1,411.00 365.00 10,022.00 1,433.00 300.00 175.00 75.00 404.00 56,00 460.00 469.00 490.00 473,00 690.00 349.61 473.00 690.00 349.61 259.02 240.00 240.00 5 416.61 17 130.63 259.02 11714.02 15 246.00 3. Investm8nt Income Unre8trlcted R88trlcted 2022 2022 Total 2022 Total 2021 Donor Mast Rent Manse Fleld Rent TOTAL 4,060.00 320.00 4 380.00 4,060.00 320.00 4,380.00 4,120.00 320.00 4. Other rocelpts Unrestricted Re8trlcted 2022 2022 Total 2022 Total 2021 Donor Glft Aid. Hall Rent Heat & Light Power Nl Pulpit Supply and Shared Costs Coagh Primary School Repair Fund Sundry Donations Donation Funeral DonationslFee8 Sunday School Bequest TOTAL 3,781.48 470.00 34.00 3,781.48 470.00 34.00 2,974.63 120.00 100.00 4.25 6,185.00 400.00 60.00 195.00 240.00 150,000.00. 1,000.00 601.38 113.03 56.00 56.00 118.00 10 816.78 601.38 11,418.16 161,269.91 Glft aid receipts related to amounts received In respect of donations for 2021. Gift Aid ft)r donations reiVed in 2022 will be claimed in 2023. 5,835.30 380.00 20.00 5,835.30 380.00 20.00 240.00 601.38 12
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 Unre$trl¢tsd 2022 Restrlcted 2022 Total 2022 Total. 2021 S. Receipts regarding Organisationg United Midweek Fellowship Presbyterian Women's Bowllng Club Mums & Tots TOTAL 724.31 1,454.43 4.36 2.25 2 185.35 724.31 1,454.43 4.36 2.25 2 185.35 96.10. 733.78 44.33 874.21 6. Church runnlng costs Unre8tr1cted 2022 Restrlctsd 2022 Total 2022 Total 2021 Cleanlng Pulplt Supply Midweek Fellowshlp Speaker8 Convenor Costs Grass Cuttlng Electrtclly Heat Water Rates Repalrs Synchronlzed Cabllng Mlleage Sundry expenses TOTAL 1,040.00 455.00 1,040.00 455.00 800.00 4,115.00 60.00 5,280.00 2.110.00 1.860.00 407.00 287.00 2,090.00 2,090.00 2,038.00 297.00 3.950.00 2,038.00 297.00 3,950,00 2,232.00 887.00 412.00 11189.00 887.QO 412.00 11 169.00 888.00 17 839.00 7. Sunday S¢hool c08ts Unre8tr1ctsd 2022 Re8trfcted 2022 Total 2022 Total 2021 Teaching Materials Donations Sunday School Prizes Projector Purchase Ipad and IT Sundry Expenses TOTAL 271.5Q 415.00 242.25 271.50 415.00 242.25 25.00 26.00 125,99 458.99 458.99 1,387.74 1387.74 177.35 8. Manse c06ts Unrestrlcted 2022 Re8trlctsd 2022 Totsl 2022 Total 2021 Rates Electricity Rent Field Rent Hedge Cutting Manse Repairs Ti18S Manse Repalrs Blinds Manse Repairs Turklngtons Manse Repairs Carpets TOTAL 853.00 3.887.00 5.400.00 320.00 1,440,00 850.CHJ 1,150.00 930.00 3,000.00 17,630.00 853.00 3,887.00 5,400.00 320.00 1,440.00 650.00 1,150.00 930.00 3,000.00 17,630.00 839.00 34.00 . 873.00
an COAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 9. Administratlon costs Unrestrlcted Restricted 2022 2022 Total 2022 Total 2021 Audit & Accountsncy Printing Postage & Stationery Presbytery Incidental Fund Shared Expenses Insurance Bank Fees Bequest Laptop Purchased TOTAL 660.00 388.00 185.00 1,325.00 1,524.00 284.10 83.22 660.00 388.00 185.00 1,325.00 1,524.00 284.10 83.22 630.00 417.00 185.00 920.00 1,964.00 185.00 150.00 590.00 5 041.00 4 449.32 10. Charltable donatlons Unre8tr1cted Re8trlctsd 2022 2022 Total 2022 Total 2021 United Appeal World Development Appeal Presbyterian Orphan Society PW Service Collection Royal British Legion Chrlstlan Aid Student Mlnistry Fund Stand By Me Afghanistan Appeal Moderators Appeal Royal Black Servlce Sunday School Donatlon TOTAL 1,532.00 1,770.00 940.00 300.00 175.00 75.00 404.00 3,302.00 940.00 300.00 175,00 105.00 404.00 2,629.00 890.00 365.00 30.00 76.00 460.00 469.00 490.00 473.00 690.00 349.61 240.00 5 416.61 473.00 690.00 349.61 240.00 6 978.61 946.00 1562.00 5 379.00 11. Payments regardlng Organl8atlons Unrestricted Re8trlcted 2022 2022 Total 2022 Total 2021 Presbyterian Women's United Midweek Fellowship TOTAL 1,058.60 500.00 1,558.60 1,058.60 500.00 1,558.60 953.94 953.94 14
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 12. Fund Balances At1Jan Incomlng Outgolng Transfers At 31 Dec 2022 Resources Ro8ource8 2022 Re8trlctod funds Deslgnated Funds United Mldweek Fellowship Coagh Time and Talent Presbyterian Women's FUEL Bowllng Club Mum8 & Tots Sunday School 5,416.61 724.31 5,416.61 500.00 705.69 850.66 230.77 283.81 874.16 224.87 1,544.60 930.00 850.66 626.60 283.81 878.52 227.12 758.24 1,454.43 1,058.60 4.36 2.25 601.38 1,387.74 4,714.56 8,203.34 8,362,95 4,554.95 Unre8trlcted funds General Fund 245,339.80 56,166.22 100,545.21 200,960,81 245,339.80 56,166.22 100,545.21 200,960.81 Total fund8 250,054.36 , 64,369.56 108,908.16 205,515.76 13. Investment Assets The congregatlon has the following investments. Amounts are shown at market valuatlon. 2022 2021 General Investment Fund 10,689.92 10,689.92 10,689.92 10,689.92 15
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2022 14. Fixed Assets Land and Bulldlngs Fixture8 and Flttings Man86 Repairs Visual Audlo Upgrade Total Openlng cost at 1 Jan 2022 Addttions Disposals Closlng cost at 31 Dec 2022 510,000.00 13,127.00 25,106.00 535,106.00 44,055.00 23,746.00 7,182.00 623,127.00 25,106.00 23,746.00 7,182.00 579,161.00 The congregation owns the Church premises sltuated at 30 Urbal Road, Coagh, Co Tyrone and the associated fixtures, fittings, plant and machinery, which Is not included in the value above. These have an insurance value of £808,192.32. 15. Transactlon8 wlth Trustees No trustee recenied any renumeration or reimbursement of expenses during the year. 16. Governance C08ts Governance costs of £260 were Incurred durfng the year of which £260 relates to fees pald to the independent examlner. Governance costs are included wlthln Administration costs in the Receipts and Payments Accounts. 16