Reforrned Presbyterian Church OF ttLL D CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 Unrestricted Restricted Endowment Funds Funds Fund5 Total 2023 Total 2022 Note Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 97,410 97,410 96,529 97,410 97,410 96,529 Sale of Investments Sale of fixed assets Loans Received Total Receipts 97,410 97,410 96,529 Payments Raising funds Charitable activities Investment costs Other 73,541 13,314 86,855 86,293 73,541 13,314 86,855 86,293 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 73,541 13,314 86,855 86,293 Net receipts / (payments) Transfers between funds Net movement in funds Funds brought forward Funds carried forward 23,869 -13,314 10,555 64,896 75,451 -13,314 13,314 10,555 10,236 10,555 54,896 65,451 10,236 54,660 64,896 -10,000 -10,000 131 Page
lelofl'igJ Pi psL)ooricl1i C;.I',Ircli CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restricted Endowment Fund5 Funds Total Funds 2023 Total Funds 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 64,896 10,555 -10,000 54.896 10,555 54,660 10,236 Bank and Cash at end of year 75,451 -10,000 65,451 64,896 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 19,000 56.451 19,279 45,617 65,451 64,896 Other Assets Fixed Assets - Note 7 Church Buildings, Hall & Contents Manse Buildings & Contents Investment5- Note 8 1,139,836 1,060,312 1,139,836 1,060,312 Liabilities Loans Other Approved by the Session at a meeting on 30th October 2024 and signed on its behalf by Joel Lou8hridge David Loughridge th 30 October 2024 30th ortober 2024 141 Page
Reformed Presbyterian Church OF CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS for the year ended 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 {a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (bl 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 Fund5 Restricted Endowment Funds Funds Total 2023 Total 2022 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 74,450 4,040 18,920 74,450 4,040 18,920 77,982 200 18,347 97,410 97,410 96,529 151 Page
Reformed Presboerian Church OF IKELAND CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Income from charitable activities: Fees from weddings and funerals Fundraising events Membership fees Grants OTHER TRADING AcfiviTIES Unrestricted Funds Restrirted Endowment Funds Funds Total 2023 Total 2022 Income from charitable activities: Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Deposit interest General Investment Fund Rents investment properties Other investment income 161 Page
Reformed Ftesbyterian Church OF IRELAND CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTESTO THE ACCOUNTS for the year ended 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 149 34,654 38,738 149 146 34,654 32,535 38,738 22,125 13,314 31,487 13,314 73,541 13,314 86,855 86,293 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 £ 1,139,836 at last renewal date. 171 Page
Refonned Presbyterian Church OF IXÈLANL D CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTESTO THE ACCOUNTS for the year ended 31 December 2023 10. Summa of Accounts Balance at Start Sur lus Deficit Balance at End Recei Pa ment5 Tfr In Tfr Out Unrestricted Funds General Fund Building Fund 19,279 55,617 74,896 86,576 10,835 97,410 73,541 13,314 -279 10,835 10,555 19,000 66,452 85,451 73,541 13,314 Restricted Funds Missions Appeals Loans Sabbath School Youth Clubs Holiday Bible Club Specified Donations 4,300 4,770 4,300 4,770 -10,000 -10,000 392 919 2,046 887 392 919 2, 046 887 13,314 13,314 -10,000 64,896 13.314 86,855 -10,000 75,451 97,410 13,314 10,555 181 Page