CARRICKFERGUS PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND
Receipts & Payments Account for the year ended 31 December 2022
| Note Receipts: Donations and legacies 2 Charitable activities 3 Investment income 4 Sub total Asset & investment sales Total receipts Payments: Charitable activities 5 Other expenditure 6 Sub total Asset & investment purchases Purchase of fixed assets Total payments Net receipts/(payments) Transfers between funds Funds brought forward Funds carried forward 7 |
Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total 2022 Total 2021 £ £ £ £ £ £ 2,800 0 10,968 0 13,768 13,522 80 0 0 0 80 0 18 0 0 0 18 14 |
|---|---|
| 2,898 0 10,968 0 13,866 13,536 0 0 0 0 0 0 |
|
| 2,898 0 10,968 0 13,866 13,536 |
|
| -961 0 -11,968 0 -12,929 -11,496 -42 0 -30 0 -72 -41 |
|
| -1,003 0 -11,998 0 -13,001 -11,537 |
|
| 0 0 0 0 0 0 |
|
| -1,003 0 -11,998 0 -13,001 -11,537 |
|
| 1,895 0 -1,030 0 865 1,999 1 0 -1 0 0 0 8,102 0 7,797 0 15,899 13,900 |
|
| 9,998 0 6,766 0 16,764 15,899 |
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CARRICKFERGUS PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND Statement of Assets & Liabilities as at 31 December 2022
| Unrestricted | Unrestricted | Designated | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|---|
| Note | Funds | Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | £ | ||
| Bank & Cash Balances | |||||||
| Bank Current Accounts | 9,998 | 0 | 6,766 | 0 | 16,764 | 15,899 | |
| Cash in Hand | 0 | 0 | 0 | 0 | 0 | 0 | |
| 9,998 | 0 | 6,766 | 0 | 16,764 | 15,899 | ||
| Other Assets | |||||||
| Fixed Assets | 0 | ||||||
| Investments | 0 | ||||||
| Prepaid insurance policy | 42 | ||||||
| 42 | |||||||
| Liabilities | |||||||
| Independent Examiner's fees | 750 | ||||||
| 750 | |||||||
| Approved by the Presbytery at a meeting on 12 September 2023 | and signed on its behalf | by: |
The Rev. Andrew Watson
The Rev. Dr. Colin D McClure
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CARRICKFERGUS PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to the Accounts for the year ended 31 December 2022
1. ACCOUNTING POLICIES
BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS
As the total income of the Presbytery is less than £250,000 the trustees have chosen to prepare the accounts on a receipts and payments basis in accordance with the provisions of the Charities (Accounts & Reports) Regulations (Northern Ireland) 2015. 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
Funds are classified as either restricted funds, unrestricted funds, or endowment funds, defined as follows:
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees' discretion to apply the fund.
Endowment Funds are restricted funds, the capital of which must be retained for the furtherance of the charity's charitable purposes (except for in the case of an expendable endowment). Receipts generated from the endowment fund assets must be applied to either the unrestricted or restricted purpose for which the endowment was established in the first place, in furtherance of the charity's charitable purposes.
2. DONATIONS AND LEGACIES
| Presbytery fees received from congregations | Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total 2022 Total 2021 £ £ £ £ £ £ 2,800 0 10,968 0 13,768 13,522 |
|---|---|
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CARRICKFERGUS PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to the Accounts for the year ended 31 December 2022
3. CHARITABLE ACTIVITIES
| 3. CHARITABLE ACTIVITIES | |
|---|---|
| PW Link events and publications Bereavement care awareness training donation 4. INVESTMENT INCOME Bank interest received 5. CHARITABLE ACTIVITIES Clerkship fees Moderator's expenses allowance Donations to missions and charities Bereavement care awareness training Student Training Grants Marriage preparation courses Administration costs Utilities and insurance costs Independent Examiner's fees Mileage expenses Sundry expenses |
Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total 2022 Total 2021 £ £ £ £ £ £ 0 0 0 0 0 0 80 0 0 0 80 0 |
| 80 0 0 0 80 0 |
|
| Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total 2022 Total 2021 £ £ £ £ £ £ 18 0 0 0 18 14 |
|
| Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total 2022 Total 2021 £ £ £ £ £ £ 0 0 -10,768 0 -10,768 -10,522 0 0 0 0 0 0 0 0 0 0 0 0 -105 0 0 0 -105 0 0 0 -1,200 0 -1,200 -156 0 0 0 0 0 0 0 0 0 0 0 0 -166 0 0 0 -166 -158 -690 0 0 0 -690 -660 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| -961 0 -11,968 0 -12,929 -11,496 |
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CARRICKFERGUS PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to the Accounts for the year ended 31 December 2022
6. OTHER EXPENDITURE
| 6. OTHER EXPENDITURE | |
|---|---|
| Bank Fees 7. FUND BALANCES Unrestricted Funds Incidental Fund Total unrestricted funds Restricted Funds Clerks' fee Fund Students' Fund Youth Council Fund PW Link Fund Total restricted funds Total funds |
Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total 2022 Total 2021 £ £ £ £ £ £ -42 0 -30 0 -72 -41 |
| 01-Jan-22 Receipts Payments Transfers 31-Dec-22 £ £ £ £ £ 8,102 2,898 -1,003 1 9,998 8,102 2,898 -1,003 1 9,998 0 10,768 -10,768 0 0 6,402 0 -1,200 0 5,202 1,320 200 -30 -1 1,489 75 0 0 0 75 7,797 10,968 -11,998 -1 6,766 15,899 13,866 -13,001 0 16,764 |
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CARRICKFERGUS PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND
Notes to the Accounts for the year ended 31 December 2022
8. RELATED PARTY TRANSACTIONS
Total donations received by way of Presbytery fee assessments from congregations assigned to the Presbytery for the year amounted to £13,768.
Disclosed below are the payments made to related parties during the year ended 31 December 2022:
The Presbytery contributed £10,768 to the Presbyterian Church in Ireland for its annual assessments during the year of £7,786 in respect of Clerk's fees, £1,074 in respect of national insurance contributions, and £1,869 in respect of pension contributions for Rev. Dr. C McClure, plus an apprenticeship levy of £39.
The Presbytery also made no other contributions to the Presbyterian Church in Ireland during the year.
9. VOLUNTEERS
The work and support of members of the Presbytery as volunteers is vital to the operation, mission and outreach of the Presbytery. Volunteers undertake many roles including encouraging prayer, serving within their local communities, administration tasks and serving in commissions under the control of Presbytery.
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