DONAGHEY CONGREGATIONAL CHURCH STATEMENT OF FINANCIAL AcfiviTY {Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restricted Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 55154 810 10061 725 65215 1535 63876 5021 237 475 48 285 475 185 Total Receipts 56676 10834 67510 69126 Payments Raising funds Charitable activities Investment costs Other 59056 11862 70918 61824 Total Payments 59056 11862 70918 61824 Net receipts / (payments) Transfers between funds {2380) {10281 134081 7302 Net movement in funds Funds brought forward (23801 22335 11028) 3940 13408) 26275 7302 18973 Funds carried forward 11 19955 2912 22867 26275
DONAGHEY CONGREGATIONAL CHURCH STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restrirted Total Funds Total Funds Funds 2023 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 22335 {23801 26275 {34081 18973 7302 {1028} Bank and Cash at end of year 19955 2912 22867 26275 Bank & Cash Balances Bank Dep051t Account5 Bank Current Accounts Cash in Hand 19955 2887 25 22842 25 26194 81 22867 26275 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Gift Aid receivable on donations Liabilities Loans Other
DONAGHEY CONGREGATIONAL CHURCH NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POUCIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have 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. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation'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 la) 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 congregational 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 congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestricted Funds Restritted Funds Total 2023 Total 2022 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 46142 1675 1787 5550 46142 4277 9246 5550 39174 4723 9586 10393 2602 7459 55154 10061 65215 63876
DONAGHEY CONGREGATIONALCHURCH NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 120 725 845 690 1801 3220 690 810 725 1535 5021 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restrirted Funds Total 2023 Total 2022 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2023 Total 2022 Deposit interest 237 48 285 237 48 285 44
DONAGHEY CONGREGATIONAL CHURCH NOTES TO THE ACCOUNTS {cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Funds Total 2023 Total 2022 Magazines Expenses Contribution 475 475 185 475 475 185 RAISING FUNDS Unrestricted Funds Restricted Funds Total 2023 Total 2022 FWO envelopes Fundraising events CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Ministry and support staff costs Congregational running expenses Donations to Missions and charities 30344 25185 3527 30344 27267 13307 26583 24117 11124 2082 9780 59056 11862 70918 61824
DONAGHEY CONGREGATIONAL CHURCH NOTES TO THE ACCOUNTS (convd) 31 December 2023 OTHER EXPENDITURE Unrestrirted Funds Restrirted Funds Total 2023 Total 2022 Investment properties expenses 10. FIXED ASSET5 The congregation owns the Church premises situated at 30 Killyganian Road, Dungannon, BT714DA and the associated fixtures, fittings. plant and machinery.
DONAGHEY CONGREGATIONAL CHURCH NOTES TO THE ACCOUNTS (convd) 31 December 2023 11. FUND BALANCES Fund Balance at Start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds No. l Account 22335 56676 59056 12380) 19955 22335 56676 59056 123801 19955 Restricted Funds Repair Fund Women's Bright Hour Missionary Cause Sunday School Youth Focus Audio Ministry 356 1136 2000 145 28 275 603 1345 8731 83 441 1432 9608 117 162 1871 18771 (341 518 1049 1123 111 28 83 72 264 11921 3940 10834 11862 {1028} 2912 Total 26275 67510 70918 13408) 22867