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
uNREsTRl￿ED 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