# **PORTAVOGIE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND** 

**Financial Statements for the year ended 31 December 2023** 

**Registered Charity in Northern Ireland (NIC106138)** 

1 



## **PORTAVOGIE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023** 

||**Note**|**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|**2023**|**2020**|
|||£|£|£|£|£|
|**Receipts**|||||||
|Donations and legacies|2|48601|8473|0|57074|48314|
|Charitable activities|3|0|0|0|0|0|
|Other trading activities|4|0|0|0|0|0|
|Investment Income|5|0|0|0|0|0|
|Other|6|0|0|0|0|0|
|||----------|----------|----------|----------|----------|
|Sale of Investments||0|0|0|0|0|
|Sale of fixed assets||0|0|0|0|0|
|Loans Received||0|0|0|0|0|
|||----------|----------|----------|----------|----------|
|**Total Receipts**||48601|8473|0|57074|48314|
|||----------|----------|----------|----------|----------|
|**Payments**|||||||
|Raising funds|7|0|0|0|0|0|
|Charitable activities|8|31449|5712|0|37161|41697|
|Investment costs||0|0|0|0|0|
|Other|9|0|0|0|0|0|
|||----------|----------|----------|----------|----------|
|Purchase of Investments||0|0|0|0|0|
|Purchase of fixed assets||0|0|0|0|0|
|Loan Repayments||0|0|0|0|0|
|||----------|----------|----------|----------|----------|
|**Total Payments**||31449|5712|0|37161|41697|
|||----------|----------|----------|----------|----------|
|Net receipts  / (payments)||17152|2761|0|19913|7109|
|Transfers between funds||0|0|0|0|973|
|||----------|----------|----------|----------|----------|
|Net movement in funds||0|0|0|57074|6136|
|Funds brought forward||44868|2166|0|47034|12081|
|||----------|---------|----------|----------|----------|
|Funds carried forward|12|62163|4763|0|66926|18217|
|||======|======|======|======|======|






## **PORTAVOGIE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES** 

## **As at 31 December 2023** 

|**As at 31 December 2023**||||||
|---|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Endowment**|**Total Funds**|**Total Funds**|
||**Funds**|**Funds**|**Funds**|**2023**|**2020**|
||£|£|£|£|£|
|**Funds Reconciliation**||||||
|Bank and Cash at start of year|44868|2166|0|47034|12081|
|Net movement in funds|17295|2597|0|19892|6136|
||----------|----------|----------|----------|----------|
|Bank and Cash at end of year|62163|4763|0|66926|18217|
||======-|=======|=======|=======|=======|
|**Bank & Cash Balances**||||||
|Bank Deposit Accounts|0|0|0|0|0|
|Bank Current Accounts||||66926|17980|
|Cash in Hand||||0|237|
|||||----------|----------|
|||||66926|18217|
|||||=======|=======|
|**Other Assets**||||||
|Fixed Assets – Note 10||||1423080||
|- Church Premises||||||
|- Fixtures, Fittings & Equipment||||||
|- Vehicles||||||
|Investments – Note 11||||||
|Gift Aid  receivable on donations||||||



||----------|----------|
|---|---|---|
||=======|=======|
|**Liabilities**|||
|Loan|0|11216|
|Other|0|0|
||----------|----------|
||0|11216|
||=======|=======|



Approved by the Kirk Session at a meeting on 29th September 2024  and signed on its behalf by 

[Name] [Name] 

3 



## **PORTAVOGIE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS** 

## **31 December 2023** 

## 1. **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 (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. 

## 1. **DONATIONS AND LEGACIES** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2023**|**2020**|
||£|£|£|£|£|
|Recorded giving|30008|2558|0|32566|37165|
|Loose collections|3733|0|0|3733|4083|
|Donations and gifts|0|0|0|||
|Gift Aid|5986|443|0|6429|7066|
|Legacies and bequest||||||
||----------|----------|----------|----------|----------|
||39727|3001|0|42728|48314|
||----------|----------|----------|----------|----------|






## **PORTAVOGIE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023** 

## 2. **CHARITABLE ACTIVITIES** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**2023**|**Total  2020**|
|---|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**||||
||£|£|£||£|£|
|Income from charitable activities|0|0|0||||
|Fees from weddings  and funerals|0|0|0||||
|Fundraising events|0|0|0||||
|Membership fees|0|0|0||||
|Grants|0|0|0||||
||----------|----------|----------|----------||----------|
||0|0|0<br>|0||0|
||----------|----------|----------|----------||----------|
|3. **OTHER TRADING ACTIVITIES**|||||||
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**201X**|**Total  201Y**|
||**Funds**|**Funds**|**Funds**||||
||£|£|£||£|£|
|Letting of premises|0|0|0||||
|Trading income|0|0|0||||
||----------|----------|----------|----------||----------|
||0|0|0<br>|0||0|
||----------|----------|----------|----------||----------|
|4. **INVESTMENT INCOME**|||||||
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**201X**|**Total**|
||**Funds**|**Funds**|**Funds**|||**201Y**|
||£|£|£||£|£|
|Deposit interest|0|0|0||||
|General Investment Fund|0|0|0||||
|Rents investment properties|0|0|0||||
|Other investment income|0|0|0||||
||----------|----------|----------|----------||----------|
||0|0|0<br>|0||0|
||----------|----------|----------|----------||----------|



5 



## **PORTAVOGIE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2023** 

## 5. **OTHER INCOME** 

|||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|**201X**|**201Y**|
|||£|£|£|£|£|
|Insurance claims||0|0|0|0|0|
|Other income||0|0|0|0|0|
|||----------|----------|----------|----------|----------|
|||0|0|0|0|0|
|||----------|----------|----------|----------|----------|
|6.|**RAISING FUNDS**||||||
|||**Unrestricted**|**Restricted**|**Endowment**|**Total  201X**|**Total  201Y**|
|||**Funds**|**Funds**|**Funds**|||
|||£|£|£|£|£|
|FWO envelopes|||||||
|Fundraising events|||||||
|||0|0|0|0|0|
|||----------|----------|----------|----------|----------|
|||0|0|0|<br>0|<br>0|
|||----------|----------|----------|----------|----------|
|7.|**CHARITABLE ACTIVITIES**||||||
|||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|||**Funds**|**Funds**|**Funds**|**2023**|**2020**|
|||£|£|£|£|£|
|General Assembly Assessments||3390|0|0|3390|10623|
|Presbytery fees||2129|0|0|2129|795|
|Ministry and support staff costs||12892|0|0|12892|13639|
|Congregational running expenses||15167|0|0|15167|13639|
|Donations to Missions and charities||0|5712|0|5712|4863|
|Governance costs||0|0|0|0||
|||----------|----------|----------|----------|----------|
|||33578|5712|0|39290|41697|
|||----------|----------|----------|----------|----------|






## **PORTAVOGIE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023** 

## 8. **OTHER EXPENDITURE** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total  201X**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**||**201Y**|
||£|£|£|£|£|
|Investment properties expenses|0|0|0|0<br>|0|
||----------|----------|----------|----------|----------|
||----------|----------|----------|----------|----------|



## 9. **FIXED ASSETS** 

The congregation owns the Church premises situated at Main Road, Portavogie, also 22 The Tides, Portavogie and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,423,080. 

## 10. **INVESTMENTS** 

The congregation has the following investments. Amounts are shown at market valuation. 

||**2018**|**2017**|
|---|---|---|
||**£**|**£**|
|General Investment Fund|0|0|
|Property|0|0|
|Other investments|0|0|
||----------|----------|
||0<br>|0|
||----------|----------|



7 



## **PORTAVOGIE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023** 

## 11. **FUND BALANCES** 

|**Fund**|**Balance at**|**Receipts**|**Payment**|**Surplus /**||**Transfer**||**Balance at**|
|---|---|---|---|---|---|---|---|---|
||**start**|||**(Deficit)**||||**end**|
||£|£|£|£||£||£|
|**Unrestricted Funds**|||||||||
|General|44868|48600|31449|17151||144||62163|
||----------|----------|----------|----------||----------||----------|
||44868|48600|31449|17151||144||62163|
||----------|----------|----------|----------||----------||----------|
|**Restricted Funds**|||||||||
|Building Fund|1734|2592|0|0||0||4326|
|Presbyterian Woman|432|5|0|0||0||437|
||----------|----------|----------|----------||----------||----------|
||2166|2597|0|0||0||4763|
||----------|----------|----------|----------||----------||----------|
|**Endowment Funds**|0|0|0|0||0||0|
||----------|-----------|-----------|-----------||-----------||----------|
|Total|47034|51197|31449|17151||144||66926|
||----------|----------|----------|----------||-------|-|--------|
||||||---|||-|