an FINTONA CONGREGATION OF THE PRE5BYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY (Recelpts and Payments Account) for the year ended 31 December 2022 Note Unrestrlcted Funds Restrlcted Funds Endowment Funds Total 2022 Total 2021 Recelpts Donations and legacies Charitable activities Other trading activitie5 Investment Income Other 39,495 16,545 3,584 56,040 3,584 51,200 5,845 686 205 776 1,462 205 1,502 227 Total Recelpts 40,386 20,905 61,291 58,774 Payments Ralsing funds Charitable activitles Other 47,421 26,628 74.049 72,937 Total Payments 47,421 26,628 74,049 72,937 Net receipts / Ipayments) Transfers between fund5 {7,035) (1,432) (5,723) 1,432 112,7581 114,1631 Net movement in funds Funds brought forward 18.467) 62,057 {4,291) 64,598 (12,758} 126,655 (14,1631 140,818 Funds carried for¥vard 12 53,590 60,307 113,897 126,655
an FINTONA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES for the year ended 31 December 2022 Unrestrlcted Funds Restrlcted Funds Endowment Totsl Funds Total Funds Funds 2022 2021 Funds Reconclliatlon Bank and Cash at start of year Net movement in funds 62,057 (8,467) 64.598 (4,291) 126,655 (12,758) 140,818 (14,1631 Bank and Cash at end of year 53,590 60,307 113,897 126,655 Bank & Cash Balances Bank Current Accounts Bank Deposit Accounts 113,897 87,102 39,553 113,897 126,655 Other Assets Investments- Note 11 55,312 60,266 55,312 60,266 Llabllltles Approved by the Kirk Session at a meeting on q Jos% signed on Its behalf by Pf Lt.. Rev Clarke Deering Mr Keith Boland
Presbyter an FINTONA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 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 con8regation'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 comprlse (a) income from endowments whlch Is to be expended only on the restricted purposes ntended by the donor and Ib) 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 ba51S. 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 congre8ation for use in the future. DONATIONS AND LEGACIES Unrestrlrted Funds Restrlcted Funds Endowment Funds Total Total 2021 2022 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 29,220 658 878 5,739 8,576 453 5,018 2,498 37,796 1,111 5,896 8,237 32,073 158 12,438 6,531 39,495 16,545 56,040 51,200
an FINTONA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 CHARITABLE AcfiviTIES Unrestrfrted Funds Restrlrted Funds Endowment Total 2022 Total 2021 Funds Income from charitable activities Fees from weddin85 and funerals Fundraising events Membership fees Grant5 1,833 1,751 1,833 1,751 1,290 4,555 3,584 3,584 5,845 4. OTHER TRADING ACTIVITIES Unrestrlrted Funds Restrlcted Funds Endowment Total 2022 Total 2021 Funds Letting of premlses Trading income INVESTMENT INCOME Unrestrlcted Funds Restrlcted Funds Endowment Total 2022 Funds Total 2021 Deposit interest General Investment Fund Rents investment properties Other investment income 239 447 239 1,223 325 1,177 776 686 776 1,462 1,502
an FINTONA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THEACCOUNTS 31 December 2022 OTHER INCOME Unrestrlrted Funds Restrlcted Funds Endowment Funds Total 2022 Total 2021 Insurance claims Other income 205 205 227 205 205 227 RAISING FUNDS Unrestrlcted Funds Restrirted Funds Endowment Total 2022 Total 2021 Funds FWO envelopes Fundraisin8 events CHARITABLE ACTivrriES Unrestrlcted Funds Restrfcted Funds Endowment Total 2022 Funds Total 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 2,690 246 31,120 13,365 2,690 246 31,586 24,845 14,682 3,661 291 30,797 18,980 19,208 466 11,480 14,682 47,421 26.628 74,049 72,937
an FINTONA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 OTHER EXPENDITURE Unrestrlcted Funds Restrlcted Funds Endowment Total 2022 Funds Total 2021 Investment properties expenses 10. FIXED ASSETS The congregation owns the Church premises situated at 6-8 Craigavon Road, Fintona, Co Tyrone BT78 28N and the associated flxtures, fittings, plant and machinery, and the Manse sltuated at 4 Derrybard Road, Fintona, Co Tyrone, BT78 2JH. These have an insurance value of £1,505,104. 11. INVESTMENTS The con8regatlon has the following investments. Amounts are shown at market valuatlon. The increase In the value of General Investment Fund investments is due to the increase in the share price. 2022 2021 General Investment Fund Other Investments 55,312 60,266 55,312 60,266
an FINTONA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 12. FUND BALANCES Fund Balance at start Re¢elpts Surplus / (Deflcft) Payment Transfer Balance at end Unrestrfrted Funds General Fund 62,057 40,386 47,421 {7.035) {1,432) 53,590 62,057 40,386 47,421 (7,0351 (1,4321 53.590 Restrlcted Funds Property Fund Missions and charlties Boys Brigade pw Sabbath School 41,793 4,996 6,340 9,411 2,058 2,952 12,165 4.140 1,429 219 4,663 14,308 5,503 1,758 396 (1,711) (2,143> (1,3631 {3291 {1771 40,082 4,285 4,977 9,082 1,881 1,432 64,598 20,905 26,628 {5,723) 1,432 60,307 Tota5 126.655 61,291 74,049 (12,7581 113,897 The congregation has reviewed the basis on whlch it prepares its accounts and In order that they are prepared on a strict receipts and payments basis it has ellmlnated from its fund balances any funds which are not held Sn bank or cash balances. Any other funds which the con8re8ation hold, in particular investments are dlsclosed In the Statement of Assets and Liabilities.