THE EAST BELFAST PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31 December 2022
Registered Charity in Northern Ireland (NIC106435)
EAST BELFAST PRESBYfERY OF THE PRESBYfERIAN CHU RCH IN I REiAhD srATEMENf FINANCIAL P£TIMTY (Receipts & Paents Acu)unt) f(w the year ended 31 Decernr 2022 Designated Restricted MivAon 1MIental Funds FUNIS te Total 2022 Total 2021 Receipts Incom irE reSrS o.c 17.424.C 17.424.CO I&1.0) Totsl receipts o.cD 17. 424.CD 17,424.Cl) 18,121.CO Payments Charitable Activities Ckher o.(x) ocr) 17. 555.82 oc 17.556.82 o. 30.370.25 o. Totsl Paents O.CA) 17. 556.82 17.556.82 30.370.25 Net Reipts/ (payments) Transfers between fiJrNJs o.Lt) 1132.82) 0.) {132.82) 112 249.25) Net movemert in funds Funds 1Xght fcrnard 1132.82) 6.825.93 {132.82) 112.249.25) 10.fA)6.63 22,855.88 3.78).70 Funds carried forward 3,7.70 6, 693.11 10.473.81 10.FJJ6.63
Approved by the Presbytery at a meeting on and signed on its behalf by
Rev Jonathan Frazer (Moderator) Rev Stephen Moore (Clerk) Date: 12[th] September 2023 Date: 12[th] September 2023
2 | P a g e
THE EAST BELFAST PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS
31 December 2022
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the presbytery is less than £250,000 the presbytery has 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. These accounts do not incorporate the accounts of the congregations assigned to the Presbytery. These have a separate legal identity and are individually registered with the Charity Commission for Northern Ireland.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or at the presbytery’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 (b) revenue donations or grants for a specific presbytery 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 presbytery’s general purposes. Designated funds are general funds set aside by the presbytery for use in the future.
3 | P a g e
EAST BELFAST PRESBYtERY THE PRESBYtERIAN CHURCH IN IRELAND NEST0THE c(X1 Nrs for the year al(d 31 Decenkner 2022 Z Incorring Resources Designated bKidental Funds Funds Total 2022 Total 2021 Psbvtery Fees Otr Presbirtery Service o.( o.c o.cx) 17,424.(X) o. o.cK) 17,424.U) o.(x) o. 23,694.C(I 49).0) o. 0.0 17,424.LlJ 17,424.0) 24,184.C (ha ritable Activities a Thl sUp)rt ct$ Designated Restricted kncidental Funds Funds Total 2022 Total 2021 Clerk'5 Salary Clerk's NIC Clerk's FÈrsion Apprenticeship Le Deputy Cje rk's Salary Apprenticeship Levy Moderator'5 ExFEns Chaplain's Experses Stat onary. Poage & CopyinE Presbytery Servi student Boc Grants Insurance sU1ry ExFer6es NiEhtl"Eht for wot at &1YV M ission Grant (B, Mac) 8.352.60 1,213.57 2,ON.60 4L76 4.176.36 20.88 8.352.flJ L213.57 2,0)4.f 41.76 4.176.36 20. 8.168.76 L127.28 L9.51 ).85 3.2.17 16.45 o.Ix) o. o.cx) o. o. o. 333.85 213.20 333.85 213.20 o.cM) o. 233.97 7[1. 2.2.0) o. o.c 0.0 17,556.82 17,556.82 23.35L89 41 Page
EAST BELFAST pREsBERy OF THE PRESBYtERIAN CHURCH IN I REiAhD •• TES TO THE ACCOUHtS (conL) f<x the yea r erKled 31 December 2022 Furbd Balances Balance at Su rplus/ (t*fKit) Balae at e1 FWKI art Receipts Payment Transfer DTrated FwKIs MissK+n Funds 3.78).70 OLI) 0.0) 0.0) o.co 3,7.70 3,7KJ.70 orn 3,7.70 Restrbcted Furxls Incidental Fu 825.93 17.424LY) (17.556.821 (132.821 6. E133.11 6.825.93 17.424£ 117.556.821 1132. 821 o.cD 6. 693.11 Totsl 10.6C6.63 17,424.CMJ 117.556.811 i13=,.821 o.co 10, 473.81 51 Page
The Actount is cufmtly S1t into Three fun(b. Detsils of each fund are IkAV Restricted In(idertal Fu1 FurMI l General OFEning Balan Income Exsxnditure Closing Balan 6.825.93 17,424.lJ) 17.556.82 6.693.11 ' * IlLleS £2.oxI fLY Con Itat IL kns ' Thited Missi<m FurKIs Furnl 2 yOh FUNI 3 Mission FUNI OFening Balan Income EX rKI iture C109ng Balance L39).91 o.oj o.(x) L3.91 Openire Balan I rKcYne Expenditure CbsirE Balan 1429.79 o.oL) o.c 1429.79
all fuThls OKtning Balan Income EXnditure Total of all Fun(k I0,E.63 17.424.CK) 17.556.82 I471 61 Page