Reformed Presbyterian Church TN*W' OF IKELAND CULLYBACKEY CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 NOTE UNRESTRicfED RESTRicfED ENDOWMENT FUNDS FUNDS FUNDS TOTAL 2023 TOTAL 2022 Receipts Donations & lega cies Charitable activities Investment income Total receipts 178,872 5,178 968 185,018 5,282 10} 56 5,338 184,154 5,178 1,024 190,356 179,281 2,773 356 182,410 Payments Ra is ing funds Cha rita ble activities Total payment5 180 173,886 174,066 180 180,822 181,002 180 159,075 159,255 6,936 6,936 Net receipts/lpayments) Transfers between funds Net movement in funds 10,952 2,200 8,752 {1,5981 2.200 602 9,354 23,155 9,354 23,155 Reconci liation of funds: Total funds brought forward Tota I funds carried forward 254,260 263,012 3,216 3,818 257,476 266,830 234,321 257,476 10
Reformed Presbyterian Church OF IAEL.4.YD CULLYBACKEY CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2023 UNRESTRicfED RESTRicfED ENDOWMEN" TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 Funds Reconciliatlon Tota I funds brought forward Net movernent in funds Total funds carried fonNard 254.260 8,752 263,012 3,216 602 3,818 257,476 9,354 266,830 234,321 23,155 257,476 Bank & cash balances Bank current accounts & cash on hand 266,830 266,830 257,476 257,476 th Approved by the Kirk Session at a meeting on 4 August 2024 and signed on its behalf by Rev Philip Moffett Ivor Mcmullan li
Reformed Presbyterian Church OF IXEIAND CULLYBACKEY CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF 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 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 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. DONATIONS AND LEGACIES UNRESTRicfED RE5TRicfED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 Recorded giving Loose collections Donations and gifts Gift Aid 136,112 3,512 5,935 33,313 178,872 2,275 2,787 220 138,387 6,299 6,155 33,313 184,154 131,449 3,695 11,125 33,012 179,281 5,282 12
Reformed Presbyterian Church OF IRELAND CULLYBACKEY CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES uNREsTRlED RESTRicfED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 Wedding & funeral & graveyard fees Sale of study books etc. Miscellaneou5 income 1,936 76 3,166 5,178 1,936 76 3,166 5,178 336 14 2,423 2,773 {01 INVESTMENT INCOME UNRESTRicfED RESTRICTED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 Deposit i nterest Other investment income 968 971 53 1,024 346 io 356 53 56 968 RAISING FUNDS UNRESTRICTED RESTRicfED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 FWO envelopes 180 180 180 180 180 180 6. CHARITABLE ACTIVITIES UNRESTRicfED RESTRicfED ENDOWMENT TOTAL FUNDS FUNDS FUNDS 2023 TOTAL 2022 Synodical Assessments Ministry & support staff costs Congregational running expenses Donations to missions&charities 39,450 49,374 54,561 30,501 173,886 730 40,180 49,374 58,067 33,201 180,822 38,570 45,935 18,870 55,700 159,075 3,506 2,700 6,936 13
Refonmed Presbyterian Church OF IKELAND CULLYBACKEY CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 FIXED ASSETS The congregation owns the Church premises situated at 2 Main Street, Cullybackey together with the associated f ixtures and fittings. These have an insurance value of £2,433,596 for building and £90,663 for contents. FUND BALANCES FUND BALANCE RECEIPTS PAYMENTSTRANSFER SURPLUS/ BALANCE AT START DEFICIT AT END Unrestricted funds 254,260 185,018 174,066 {2,2001 8,752 263,012 General fund 254,260 185,018 174,066 12,2001 8,752 263,012 Restricted funds Sabbath School account Youth Account Women's Fellowship 1,896 1,165 155 3,216 778 2,484 2,200 494 2,389 1,165 264 3,818 4,560 5,338 4.452 6,936 108 2,200 602 Total 257,476 190,356 181,002 9,354 266,830 RELATED PARTY TRANSACTIONS A trustee, the minister of the congregation, received remuneration of £33,113 and expenses of £11,303 for acting in that capacity. None of the other trustees received any remuneration or expenses during the year in connection with their duties. There were no other related party transactions. 14