Kilrau hts Reformed Presb terian Church Rel(Jm Presbyteriati Cliurcli STATEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNTI FOR YEAR ENDED 31 DECEMBER 2023 NOTE UNREStRICTED RESTRICTED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNOS 2023 2022 Receipts Donations & legacies Charitable activitie5 Other trading activities Investment income Total receipts 85,606 296 620 85,606 296 8,244 2,569 96,715 89,946 328 3,639 76 93,989 7,624 1,3BI 9,005 1,188 1,188 86,522 Payment5 Raising funds Charitable activities Total payment5 149 67,222 67,371 149 73,939 74,088 149 87,774 87,923 6,687 6,687 30 30 Net receipts/lpayment51 Transfers between funds Net movement in funds 19,151 113,0001 6,151 2,318 13,000 15,318 1,158 22,627 6,066 1,158 22,627 6,066 Reconciliatlon of funds: Total funds brought forward Total funds carried forward 25,873 32,024 104, 106 119,424 54,991 56,149 184,970 207,597 178,904 184,970
Kilrau hts Reformed Presb terian Church Presbyterign Churcli STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023 uNRESTRlED RESTRICTED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2023 2022 Funds Reconciliation Total funds brought forward Net movement in funds Total fund5 carried forward 25,873 6,151 32,024 104,106 15,318 119,424 54,991 1,158 56,149 184,970 22,627 207,597 178,904 6,066 184,970 Bank & cash balances Bank current accounts & cash on hand 207,597 207,597 184,970 184,970 Other assets Fixed assets - note 8 Approved by the Kirk Session at a meeting on 22nd October 2024 and signed on its beha If by a7r 17 Mr Elliott Robinson Mr Harold Kerr
Kilrau hts Reformed Presb terian Church R@Icxm estMeneJi Chiirch 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 provision 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 fund5, the capital of which must be retained either permanently or at the congregation's discretion,. the income derived from the endowment 15 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 lal income from endowments which is to be expended only on the restricted purposes intended by the donor and I bl revenue donations or grant5 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 & LEGACIE5 UNRESTRICTED RESTRicfED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2023 2022 Recorded giving L005e collectlons Donations and gifts Gift Aid 62,957 6,265 2,500 13,884 85,606 62,957 6,265 2,500 13,884 85,606 62,836 11,647 2,000 13,463 89,946