an THE DERRY & DONEGAL PRESBYfERY OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestrlcted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading artivities Investment Income Other 26,628 2,564 2,630 29,192 2,630 26,619 2,588 88 77,449 1,062 77,537 1,062 76,741 7,436 26,716 83,705 110,421 113,384 Sale of Investment5 Sale of fixed assets Loans Received Total Receipt5 26,716 83,705 110,421 113,384 Payments Raising funds Charitable activities Earmarked Interest Other 25,736 29,731 71,787 55,467 71,787 67,206 70,657 25,736 101,518 127,254 137,863 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 25,736 101,518 127,254 137,863 Net receipts / {paymentsl Transfers between funds 980 (17,813} 116,833} (24,479) Net movement in funds Fund5 brought forward 980 73,061 (17,8131 145,059 116,8331 (24,479) 218,120 242,599 Funds carried forward io 74,041 127,246 201,287 218,120 12
Presbyter an THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restrirted Funds Endowment Total Funds Total Funds 2023 Funds 20Z2 Funds Reconciliation Bank and Cash at start of year Net movement in funds 73,061 980 145,059 {17,813} 218,120 242,599 {16,8331 (24,479} Bank and Cash at end of year 74,041 127,246 201,287 218,120 Bank & Cash Balances Bank Current Accounts Bank Deposit Accounts Cash in Hand 72,496 126,791 146,563 71,557 201,287 244,440 Other Assets Fixed Assets- Note 9 Buildings & Contents 225,000 225,000 225,000 225,000 Liabilities Loan5 Other Approved by the Presbytery at a meetin8 on 25 October 2024 and signed on its behalf by Name Rev Susan Moore Name Rev Colin McKibbin Signed Signed Date 25 October 2024 Date 25 October 2024 13
an THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 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 it5 accounts on a receipts and payment5 ba515. 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 15 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 fund5 comprise la) 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 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 fund5 set aside by the Presbytery for use in the future. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Assessments on congregations Collections at events Donations and gifts 26.117 511 26,117 1,285 1,790 24,358 774 1,790 2,261 26,628 2,564 29,192 26,619 14
Presbyter an THE DERRY & DONEGAL PRESBYfERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTESTOTHEACCOUNTS 31 December 2023 CHARITABLE AcfiviTIES Unrestricted Funds Re5trirted Funds Endowment Funds Total 2023 Total 2022 Fundraising events Grants 2,630 2,630 2,588 2,630 2,630 2,588 OTHER TRADING AcfiviTIES Unrestrirted Funds Restricted Fund5 Endowment Funds Total 2023 Total 2022 Letting of premises Trading Income INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Totsl 2022 Deposit interest 88 88 Investment interest 77,449 77,449 76,733 88 77,449 77,537 76,741 15
an THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTESTOTHEACCOUNTS 31 December 2023 OTHER INCOME Unrestrlcted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 From Exodus towards utility costs - Strand Road property Currency conversion 1,062 1,062 3,073 4,363 Other income 1062 7,436 RAISING FUNDS Unrestrlcted Fund5 Restrlcted Funds Endowment Fund5 Total 2020 Total 2019 Fundraising events 16
Presbyter an THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Presbytery ministry and support- staff costs Pulpit & sick supplies C05t of producing new5 sheet5 Presbytery running c05tS Donation5 and grants to missions- and charities PW Link resource packs Cost of events Currency Conversion Governance costs 20,134 20,134 15,374 530 600 15,606 13,889 16,136 14,489 22,399 29,433 1,784 2,688 1,784 2,924 236 25,736 29,731 55,467 67,206 FIXED ASSETS The Presbytery owns the premises situated at Strand Road Londonderry and the associated fixtures, fittings, plant and machinery. These have been professionally valued on 13 July 2023 at £225,000. 17
an THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 10. FUND BALANCES Fund Balance at start Receipts Payment Surplu51 {Deficitl Transfer Balance at end Unrestricted Funds Presbytery Incidental Fund 73,061 26,716 25,736 980 74,041 73,061 26,716 25,736 980 74,041 Restrlcted Funds Incidental Interest Fund L.P.C.M. Fund Education Board Strand Road Account Youth Council Education Award Scheme PW Link 2,156 91,851 306 28,677 11,351 10,461 257 304 984 71,528 1,542 260 44 6,000 15,016} 71,604 1761 14.387 {12,8451 236 1236) 8,225 348 806 {321 2,200 86,835 230 15,832 11,115 10,809 225 8,573 774 145,059 83,705 101,518 117,8131 127,246 Total 218,120 110,421 127,254 116,833) 201,287 18