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

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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

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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
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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

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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

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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

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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