an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2023 Registered Charity in Northern Ireland (NIC105685)
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELANDTRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2023 including a Statement of Assets and Liabilities as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Coagh congregation of the Presbyterian Church in Ireland 1 Welbourne Place Coagh Cookstown Co Tyrone BT80 OEZ Registered Charity in Northern Ireland {NIC105685) CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were Rev. Stewart Glendinning Mrs Amy Allingham PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev. Stewart Glendinning Mrs Amy Allingham Mr Richard Mccrea INDEPENDENT EXAMINER David Lyttle + Co Ltd 15 Meeting Street Magherafelt Co Londonderry BT45 68N BANKERS Danske Bank Donegall Square West Belfast BT16JS
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) STRUCTURE AND MANAGEMENT The Kirk Session 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 constitution and government 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 115 bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the congregations. All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the ministers in active duty in the congregation, has no deliberative but only a casting vote. Staled meetings of the Kirk Session are held as required throughout the year. To be chosen for the office of the eldership in the congregation a person must be 8 Voting member and a regular attendant on its ordinances. The selection of those proposed lo be called to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain 0-thirdS of those who vote. Pre8bytery Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned lo it by the General Assembly of the Presbyterian Church in Ireland. Coagh congregation 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 Ihe Kirk Session of the congregation. The General A88embly The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the firsl week in June for worship and to conduct its business. At the end of business it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired minsters 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 Presbylerian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is grounded in the Scriptures, and exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play Iheir part in fulfilling God's mission to our world. The congregation's mission purpose is, by the grace of God, to help people of all ages become fully devoted followers of Jesus Christ. Our vision is, by the grace of God, to be an inclusive, welcoming community of Christ's people of all ages, which: is increasingly characterised by love for God, and love and concern for others., is comm itted to the historic Christian gospel as revealed in the Bible., is relevant to people of this time and place. The congregation aims to live out its Mission and Vision as a family of God's people by being.. A Covenanl Community.. where our relalionships are rooted in the promises of God by living faithfully toward him and toward one another An Intergenerational Community.. where adults intentionally take the lead to engage with, encourage and nurture younger members to maturity in Christ. An Outward looking Community.. where we want the blessings of God that belong to us in the gospel to become blessings for others beyond Ihe bounds of our community. As a congregation of the Presbyterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, 8nd thal the Westminster Confession of Faith, along with the Larger and Shorter Catechisms set out what we understand the Bible teaches on key matters of Christian faith and practice ACTIVITIES AND OBJECTIVES The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is observed on several occasions during the year and all those who have been baplised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation has several organisations including Sunday School Women's Association United Midweek Fellowship FUEL Bowling Club Mums & Tots Time & Talent Group
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) ACHIEVEMENTS AND PERFORMANCE Worshlp and prayer The congregation normally meets for worship each Sunday at 10'.45am. As well as our regular services during the year the Church offers Sacraments of Baptism and marriage seNices. As a congregation we gave thanks for faithful services and sought to comfort those who had been bereaved during the year. At 31 December 2023 there were 30 communicant members and 65 families connected with the congregation. The average week attendance at morning worship is 30. Pastoral cara Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister, or elders. Ml881on and outroa¢h At a local level the congregation regularly supports appeals made by Church House. During the year the congregation supported numerous charitable organisations through special collections and from Church fund. The Time and Talent group was set up to promote fellowship and friendship through various craft activities. The group meets normally twice 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 wider mission of the denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission 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 ministry students, and financially supports congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. The congregation also contributes to the denominations annual World Development Appeal, Sunday School project and any other special appeals.
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {cont'd) Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and l or one of the elders. This provide5 an important link between 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 remain fit for purpose. During the year a new sound system was insialled, and general maintenance carried out. Organl8atlon8 The Sunday School meets every Sunday at 9.45am where the children learn about God through various activities. Voluntoers 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 Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church's subordinate standards (the Westminsier Confession of Faith and the Shorter and Larger Cstechismsl leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to practical expressions 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 their members, or are facilitaled 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 inform81 and ad-hoc feedback from members, their families, and members of the public. The purpose does nol lead to harm. The only private benefit flowing from our purpose is relsted to Ministers, 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 charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services 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 individual members of the public. The Kirk Session has had regard to the Charity Commissions Public benefit requirement stalutory guidance.
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 consider to be satisfactory. The reserves of the Congregation are held for the advancement of its charitable purpose, other than restricted reserves which are held for a designated purpose. STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparing the annual report and the financial statements of the congregation in accordance with applicable law and generally accepted accounting practice. As the congregation's total incorne does not exceed £250,000, the Trustees have elected under Section 64(3) of the Charities Act (Northern Ireland) 208 to prepare a receipts and payment account and a statement of assets and The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the congregation's transactions and disclose with reasonable accuracy at any time its financial posilion. They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Kirk Session at a meeting on 3rd May 2024 and signed on its behalf by Rev Stewart Glendinning Mrs Amy Allingham Tru8tee Trustee Data
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 2023, which are set out on pages 9 to 16. Respectlve responslbllities of charlty trustees and examlner 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. Bas18 of Independent examlnerfs report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the gener81 Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the Charities Act. My examination included a review of the accounting records kepl by the charity and a comparison of the accounts presented with those records. It also included consideraiion of any unusual ilems or disclosures in the accounts and seeking explanations from you as charity Trustees concerning any such matters. My role is to state whether any materi81 matters have come to my attention giving me cause to believe.. 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. Independent examlner's Statement I have completed my examination and have no concerns in respect of the matters11) to (4) listed above and, in connecti n with foll ing the Directions of the Charity Commission for Northern Ireland, I have found no matters thai re e drawin your attention. cGeagh FC for and on behalf of Davld Chartered Accountants Statutory Auditors 03 May 2024 +CoLtd 15 Meeting 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 2023 Coagh Presbyterlan Church Receipts and Payment8 Account for the year ended 31 Decamber 2023 Unrgstrlcted Restricted Funds Funds 2023 2023 Total Total Note 2023 2022 Recel t8 Weekly Freewill Offering Sabbath Collection Special Collections Bank & Deposit interest Investment income Other receipts Receipts regarding Organisations Total Recel t8 27,576.00 158.00 12,249.00 642.00 4,380.00 10,526.10 27,576.00 28,352.00 158.00 191.03 6,370.90 18,619.90 17,130.63 642.00 712.39 4,380.00 4,380.00 1,021.43 11,547.53 11,418.16 2,216.21 2,216.21 2,185.35 9,608.54 65,139.64 64,369.56 55,531.10 Pa ments General Assembly Assessments Church Running Costs Sunday School Costs Manse Costs Administration Cosls Charitable Donations Payments regarding Organisations Total Pa ments 25,741.00 21,885.63 25,741.00 21,679.89 21,885.63 11,169.00 435.24 1,387.74 1,229.00 17,630.00 5,369.00 4,449.32 6,370.90 7,407.00 6,978.61 2,593.26 2,929.26 1,558.60 9,399.40 64,996.13 64,853.16 435.24 1,229.00 5,369.00 1,036.10 336.00 55,596.73 10 Excess of Recelpt8 over Payments for tha year before transfers (65.63) 209.14 143.51 (483.60) Capltal Payments Capltal Grants Racelved Transfers (44,055.00) 227.12 227.12) Net movement In funds 161.49 (17.98) 143.51 (44,538.60) Funds brought forward 200,960.81 4,554.95 205,515.76 250,054.36 Funds carrled forward 12 201,122.30 4,536.97 205,659.27 205.515.76
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023 Coagh Presbyterian Church STATEMENT OF ASSETS & LIABILITES AS AT 31 DECEMBER 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2022 Total Funds 2023 Funds Re¢onclllatlon Bank and Cash at stsrt of year Net movement in funds 200,960.81 161.49 4,554.95 (17.98) 205,515.76 250,054.36 143.51 (44,538.60) Bank and Cash at end of year 201,122.30 4,536.97 205,659.27 205,515.76 Bank & Cash Balances Current Accounts Deposit Accounts Cash 164,041.32 37,080.98 4,536.97 168,578.29 170,550.44 37,080.98 34,965.32 Total Cash Fund8 12 201,122.30 4,536.97 205,659.27 205,515.76 OTHER ASSETS Investmènt Assets Investments Other Lisled Investments Other unlisted investments Investment Properties Total Investment A68et$ 10,689.92 10,689.92 10,689.92 13 10,689.92 10,689.92 10,689.92 Fixed assets 14 579,161.00 579,161.00 579,161.00 Total Flxed A889ts 579,161.00 579,161.00 579,161.00 Approved by the Kirk Session at a meeting on 3rd May 2024 and signed on its behalf by f<r• aJy Rev Stewart Glendinning Mrs Amy Allingham Trustee Trustee Date 03 May 2024 10
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 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 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 la) 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. STATEMENT OF ASSETS AND LIABILITIES FIXED ASSETS The assets of the congregation, retained for its own use comprise'.- Church Building and Graveyard Church Hall Manse Manse Land The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS1021. These Heritage assels are not included in the statement of assets and liabilities as information on Ihe cost or valualion 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 property at 1 January 2017. No depreciation has been provided on this building as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. 11
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 2. Special collections Unrestrlcted Restrlcted 2023 2023 Total 2023 Total 2022 Donor United Appeal United Appeal - Gift Aid World Development Appeal World Development Appeal - Gift Aid Harvest Envelope & Loose Offering Gift Aid on Harvest Collection. Presbyterian Orphan Society PW Service Collection Royal British Legion Christian Aid Afghanistan Appeal Moderators Appeal Royal Black Service Orange Service Childrens Day - To Sunday School Childrens Society Appeal Stand By Me Syria Appeal TOTAL 2,465.00 392.57 970.00 224.33 2,465.00 392.57 970.00 224.33 10,791.00 10,022.00 1,458.00 1,433.00 300.00 175.00 75.00 404.00 473.00 690.00 349.61 259.02 240.00 1,770.00 940.00 10,791.00 1,458.00 245.00 77.00 470.00 245.00 77.00 470.00 40.00 40.00 242.00 242.00 340.00 340.00 501.00 501.00 404.00 404.00 6 370.90 18 619.90 12,249.00 17 130.63 3. Inv88tment Income Unre8trlcted Restrlcted 2023 2023 Total 2023 Total 2022 Donor Mast Rent Manse Field Rent TOTAL 4,060.00 320.00 4 380.00 4,060.00 320.00 4 380.00 4,060.00 320.00 4 380.00 4. Other recelpts Unre8trlcted Restrlcted 2023 2023 Total 2023 Total 2022 Donor Gift Aid. Hall Rent Heat & Light Power Nl Pulpit Supply and Shared Costs Coagh Primary School Repair Fund 180.00 Sundry 2,143.00 Donation 50.00 Funeral DonationslFees 1,610.00 Sunday School 1,021.43 601.38 Bequest 53.00 53.00 56.00 TOTAL 10,526.10 1,021.43 11,547.53 11,418.16 Gift aid receipts related to amounts received in respect of donations for 2022. Gift Aid for donations received in 2023 will be claimed in 2024. 3,741.10 600.00 30.00 5.00 2,114.00 3,741.10 600.00 30.00 5.00 2,114.00 3,781.48 470.00 34.00 5,835.30 380.00 20.00 180.00 2,143.00 50.00 1,610.00 240.00 1,021.43 12
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 5. Receipts regardlng Organisatlons Unrnstrlcted Restrlcted 2023 2023 Total 2023 Total 2022 United Midweek Fellowship Presbyterian Women Bowling Club Mums & Tots TOTAL 594.01 1,610.87 11.33 594.01 1,610.87 11.33 724.31 1,454.43 4.36 2.25 2,185.35 2,216.21 2 216.21 6. Church runnlng costs Unrestrlcted Re8trlcted 2023 2023 Total 2023 Total 2022 Cleaning Pulpit Supply Grass Cutting E5ectricity Heat Water Rates Repairs Mileage Sundry expenses TOTAL 1,117.00 1,210.00 1,980.00 1,772.00 1,475.00 308.00 11,900.94 1,404.00 718.69 21,885.63 1,117.00 1,210.00 1,980.00 1,772.00 1,475.00 308.00 11,900.94 1,404.00 718.69 21885.63 1,040.00 455.00 2,090.00 2,038.00 297.00 3,950.00 887.00 412.00 11169.00 7. Sunday School cost8 Unrestrlcted Ro8trlcted 2023 2023 Total 2023 Total 2022 Teaching Materials Donations Sunday School Prizes Ipad and IT Sundry Expenses TOTAL 116.00 25.00 264.24 116.00 25.00 264.24 271.50 415.00 242.25 458.99 30.00 435.24 30.00 435.24 1387.74 8. Manse costs Unrestrlcted Restrlct•d 2023 2023 Total 2023 Total 2022 Rates Electricity Rent Field Rent Hedge Cutting Manse Repairs Tiles Manse Repairs Blinds Manse Repairs Turkingtons Manse Repairs Carpets TOTAL 909.00 909.00 853.00 3,887.00 5,400.00 320.00 1,440.00 650.00 1,150.00 930.00 3,000.00 17.630.00 320.00 320.00 1,229.00 1,229.00 13
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2023 9. Admlnlstration costs Unrestricted Rastricted 2023 2023 Total 2023 Total 2022 Audit & Accountancy Printing Postage & Stalionery Presbytery Incidental Fund Shared Expenses Insurance Bank Fees Bequest Gifts Sundry Expenses TOTAL 720.00 390.00 185.00 1,189.00 1,715.00 382.00 114.00 458.00 216.00 5 369.00 720.00 390.00 185.00 1,189.00 1,715.00 382.00 114.00 458.00 216.00 5 369.00 660.00 388.00 185.00 1,325.00 1,524.00 284.10 83.22 4,449.32 10. Charltable donatlon8 Unre8trlcted Restrlcted 2023 2023 Total 2023 Total 2022 United Appeal World Development Appeal Presbyterian Orphan Society PW Service Collection Royal British Legion Christian Aid Samaritans Purse Stand By Me Afghanistan Appeal Moderator's Appeal Royal Black Service Orange Service Sunday School Donation Children's Society Appeal Syria Appeal Sarah Armstrong TOTAL 36.10 2,857.57 1,194.33 2,893.67 1,194.33 3,302.00 940.00 300.00 175.00 105.00 404.00 245.00 77.00 470.00 245.00 77.00 470.00 500.00 501.00 500.00 501.00 473.00 890.00 349.61 40.00 242.00 340.00 404.00 40.00 242.00 340.00 404.00 500.00 7,407.00 240.00 500.00 1,036.10 6,370.90 6 978.61 11. Payments regardlng Organlsatlon8 Unrestrlcted Restrlcted 2023 2023 Total 2023 Total 2022 Presbyterian Women United Midweek Fellowship Mums & Tots Holiday Bible Club TOTAL 2,093.26 500.00 2,093.26 500.00 136.00 200.00 2,929.26 1,058.60 500.00 136.00 200.00 336.00 2,593.26 1558.60 14
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2023 12. Fund Balances At1Jan Incomlng Outgoing Transfers 2023 Resources Resources At 31 Dec 2023 Re8trlcted funds Special Collections United Midweek Fellowship Coagh Time and Talent Presbyterian Women FUEL Bowling Club Mums & Tots Sunday School 6,370.90 594.01 6,370.90 500.00 930.00 850.66 626.60 283.81 878.52 227.12 758.24 1,024.01 850.66 144.21 283.81 889.85 1,610.87 2,093.26 11.33 1227.12) 1,021.43 435.24 1,344.43 4,554.95 9,608.54 9,399.40 (227.12) 4,536.97 Unre8trlcted funds General Fund 200,960.81 55,531.10 55,596.73 227.12 201,122.30 200,960.81 55,531.10 55,596.73 227.12 201,122.30 Total fund8 205,515.76 65,139.64 64,996.13 205,659.27 13. Investment Assets The congregation has the following investments. Amounts are shown at markel valuation. 2023 2022 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 (cont'd) 31 December 2023 14. Flxed Assets Land and BulldSng8 Fixturos and Flttlngs Manse Repairs Vlsual Audlo Upgrade Total Opanlng cost at 1 Jan 2023 Additions Disposals CIo8lng cost at 31 Dec 2023 523,127.00 25,106.00 23,746.00 7,182.00 579,161.00 523,127.00 25,106.00 23,746.00 7,182.00 579,161.00 The congregation owns the Church premises situated 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. Tran8actlon8 wlth Tru8tee8 No trustee received any renumeration or reimbursement of expenses during the year. 16. Governanco C08ts Governance costs of £260 were incurred during the year of which £260 relates to fees paid to the independent examiner. Governance costs are included within Administration costs in the Receipts and Payments Accounts. 16