Reform&J Presbyterian Church Of IKELAND CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) for the year ended 31 December 2022 Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 Note Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 96,529 96,529 72,789 96,529 96,529 72,789 Sale of Investments Sale of fixed assets Loans Recelved Total Receipts 96,529 96,529 72,789 Payments Raising funds Charitable activities Investment costs Other 54,806 31,487 86,293 70,503 54,806 31,487 86,293 70,503 Purchase of Investments Purchase of fixed a55ets Loan Repayments Total Payments 54,806 31,487 86,293 70,503 Net receipts / (payments) Transfers between funds Net movement in funds Funds brought forward Funds carried fonvard 41,723 -31,487 10,236 64,660 74,896 -31,487 31,487 10,236 2,286 10,236 64,660 74,896 2,286 52,374 54,660 131 Page
Relonn&J Fyesbytenan Church OF ?NfLA*D CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2022 Total Funds 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 64,660 10,236 64,660 10,236 52,374 2,286 Bank and Cash at end of year 74,896 74,896 54,660 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 19,279 55.617 20.450 44,210 74,896 54.660 Other Assets Fixed Assets- Note 7 Church Buildings, Hall & Contents Manse Buildings & Contents Investments- Note 8 1,139,835 1.060.312 1,139,835 1,060,312 Liabilities Loans Other Approved by the Session at a meetin8 on 24th October 2023 and signed on its behalf by David Loughridge Joel Loughridge th 30 October 2023 rh 30 October 2023 141 Page
Reformed Fyeswerian Church OF IRELA.YD CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTESTO THEACCOUNTS for the year ended 31 December 2022 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 payment5 bas1S. 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 fund5 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 purpose5 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 Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 77,982 200 18,347 77,982 200 18,347 56,045 16,740 96,529 96,529 72,789
Fleforrned Presbyterian Church QF IRELA¥D CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2022 CHARITABLE ACTIVITIES Unrestricted Funds Restrirted Endowment Funds Funds Total 2022 Total 2021 Income from charitable activities: Fees from weddings and funerals Fundraising events Membership fees Grants OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Income from charitable activities: Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restrirted Endowment Funds Funds Total 2022 Totsl 2021 Deposit interest General Investment Fund Rents investment properties Other investment income 161 Page
Reformed Presbwerian Church UF TRELAXD CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2022 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Presbytery fees Ministry and support Staff costs Congregational running expenses Donations to Missions and charities Governance costs 146 146 32,535 30,875 22,125 18,184 31,487 21,308 140 32,535 22,125 31,487 54,806 31,487 86,293 70,503 FIXED ASSETS The congregation owns the Church premises situated at Drumbare Road, Cloughmills, Co Antrim and the associated fixtures, fittings, plant and machinery. These have an insurance value of £ 1,139,835 at last renewal date.
Reformed Presbytorian Church OF IfiELAYD CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS for the year ended 31 Decernber 2022 10. Summa of Accounts Balance Sur lus Deficit Balance at End at Start Rec Pa ments Tfr Ou Unrestrlcted Funds General Fund Building Fund 20,450 44,210 64,660 85,122 11,407 96,529 54,806 31,487 -1,171 11,407 10.236 19,279 55,617 74,896 54,806 31,487 Restricted Funds Missions Appeals Loans 4,970 5,350 4,970 5,350 Sabbath School Youth Clubs Holiday Bible Club Specified Donations 409 409 382 1,900 18,476 31,487 31,487 382 1,900 18,476 31,487 86,293 64,660 96,529 31,487 10,236 74,896 181 Page