CARRICKFER13US PRESBYTERY OF THE PRES8YfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31-Dec-23 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total Income of the Presbytgry Is less than £250,000 the trustees have elected in accordance wllh the pro￿$10n$ In The Charities (Accounts and Reports Regulallon$ {Northem Ireland) 2015 to prepare Its accounts on a receipts and payments b85i$. FUND ACCOUNTING Endowment lunds are funds, the capltal ol which rnust be relaln¥d elther pennan?nUy or at the presbyiery's dISc￿lI0n., the Income derived from the endowment Is lo be used eltheras ￿$tricted of unrestricted income funds dependlng upon lh& purpo$e for which the endowmenl was eslabllshed the fltsl place. Rèstricted lunds comprise la} Income from endowments whlch 1$ lo be expended only on the r&stricled pu￿OSe$ Intended by the donor and Ib} revenug donalions or grants lor a specific presbytery activSty intended by the donor. Where thèse funds have Un5￿nt balances, interest on ihoir pooled Inv8slm&nt Is apportloned to the individual lunds on an average balance bas1$. Unrestricled funds afe income funds whlch are to be spenl on the presblery's general purposes. Deslgn8ted funds are general funds $91 asldo by tho congregation for use in ihe future. DONATIONS AND LEGACIES 11 1, 13 31 11 Présbylery Fè&s from congragallons 2660 11298 13958 13768 2660 11298 13958 13768 CARRICKFERGUS PRESBYfERY OF THE PRESBYTERIAN CHURCH IN IRELAND Nolos lo Accounts for tho year ¢nded 31-Dqc-23 CHARITABLE ACTIVITIES 11 31 PW Ilnk gvents and publICa￿On$ Bereavemenl care awareness & Chil$taln Guid&lingS tralning donation 80 INVESTMENT INCOME li li B8nk Interest 20 18 20 20 18 CHARITABLE ACTIVITIES Clerkship le8S Bereavement ¢aro awareness trolnlng donallon 11108 11108 10768 105 90 Student Training Grants UtllSles and Insurance Costs Indpendèni Exarnlners 1000 1000 1200 188 188 166 750 750 690 1028 12108 13136 12929 CARRICKFERGUS PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND Not83 to A¢¢ounts for Ihg yogr andod 31-Dec-23 OTHER EXPENDITURE Bank fees 31 10 41 72 31 10 41 72 7. FUND BALANCES 01-Jan-23 Rgcolpts Poyment6 Transfe 31-Dec-23 UNRESTRICTED FUNDS Incidental Fund 9998 2680 -1059 11619 Total Unr•slrl¢tod £11 619 RESTRICTED PRESBYfERY FUNDS Clerks. Fee Fund Students, FLFnd Youth Coun¢ll Fund PW Llnk Fund 11108 -11108 -1000 -10 5202 1489 75 4202 1669 75 190 Total Restrfcted Funds £11298 -£12 118 TOTAL FUNDS £13978 -£13 177 £17565 CARRICKFERGUS PREsB￿ERy OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to Accounts for the yaèr ended 31-Doc-23 . RELATED PARTY TRANSACTIONS To￿1 don&tlon$ rg¢gfved by way ol Presbytery fee assessments Imm congregallon$ 8$slgned to the Prgsbytary forthe year amounled to £13,958 Dlsclosed balow arn th8 payments made to related partles durfng Ihe y8ar lo 31 dacomber 2023 The Presbytery contributed £11,108.27 to Ihe Prèsbyterian Church In Ireland for its annual a$se$$ments during the y98r of £8,032 In respecl of Clerk's Fees, £1,108 in respeet of National Insurance coniAbullons, and £1,928 In respect of pension contribulitsn$ for tho Rw. Dr. C Mcclure. plus an appentceship lewy of£40 The Presbylery made no oiher contributlon$ to the Presbyterfan Church in Irelandduring the year . VOLUNTEERS The work gnd support of members of the Pfesbytery as voluntsgrs Is vlt81 to the operetlon. misslon and outreach ol the Presbytery. voluntee￿ undèrtake many roles Inclldlng encouraging praygl, $erying wilhln tha local eommunltles, admlnlstratlon lasks and seNng In commi8slons underthe ontrol of th& Presbyiery CARRICKFERGUS PRES8YfERY OF THE PREsB￿ERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNT for the year endod 31 Dacem￿r 2023 Income and Endowm8nl from Donations and L8ga¢les Charftable acllviles Inveslmenl8 2660 11298 13958 13768 80 18 20 20 TOTAL 2680 11298 13978 13866 Sale of Inveslments Salè of flxed asseis Loans Recelvèd Total Recolpts 2680 11298 13978 13866 Payments Charfiable actiwtes Othèr 1028 31 12108 10 13136 41 12929 72 Purchase ol Flxed Asse18 Total Payffl8nt8 1059 12118 13177 13001 Nel receipts I Ipaymgnls} Transfers btheen fund8 1621 -820 801 865 Funds brought fomrd 9998 6766 16764 15899 Funds carried fowar