Charity No: NIC108383 Aughnacloy Presbyterian Church Community Group Trustee Report and Annual Accounts for the year ended 31 December 2023 Aughnacloy Presbyterian Church Community Group ststement of Financial Activities- Year Ended 31 December 2023 Note Unrestricted Restricted Funds Funds Endowment Funds Total 2023 Total 2022 Incoming Resources Donations & Legacies Charitable Activities Other trading activities 12,788 1,499 2,605 12,788 1,499 2.605 15,403 2,126 2,515 Total Income 16,892 16.892 20,044 Resources Expenditure Charitable Activities 8,996 8,996 8,081 Total Expenditure 8,996 8,996 8,081 Net Income / (Expenditure) Transfers between funds 7,896 7,896 11,963 Net movement in funds 7.896 7,896 11,963 F(tnds brought forward 01 January 262.284 262.284 250,321 Funds carried forward 31 December 270,180 270,180 262,284 Aughnacloy Presbyterian Churth Community Group Statement of Assets and Llabilities - Year Ended 31 De￿rnber 2023 Unrestrirted Restrirted Endowment Funds Funds Funds Total 2023 Total 2022 Fixed Assets Tan8lble 497,581 497,581 496,581 Current Assets Cash at Bank 4,776 4,776 12,782 Current Uabllltles Creditors 15,382 Total Assets less Current Llabilities 501,877 501,877 493,981 Accruals and Deferred Income 231,697 231,697 231.697 Net Assets 270.180 270.180 262,284 Reserves Income and Expenditure Account 270,180 262.284 270.180 262,284 Approved by trustees on at a meetlng on 1910512024 and signed on its behalf by: Mr Derek Loane Trustee Dr Cecil Givan Trustee Aughnacloy Presbyterian Church Community Group Notes to Accounts - Year Ended 31 December 2023 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS Although the total income of the charity is less than £250,000 the charity have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations INorthern Ireland) 2015 to prepare its accounts on an Accruals basis. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the charity'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 lal income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donations or grants for a specific charity artivity 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 fund5 which are to be spent on the charity's general purposes. Designated funds are general funds set aside by the congregation for use in the future. RECEIPTS 2. DONATIONS & LEGACIES Unrestricted Restricted Funds Funds Endowment Funds Total 2023 Congregational Givings Donation5 & gifts GiftAid Legacies & bequest 10,468 2,320 10,468 2,320 12,788 12,788 3. CHARITABLE ACTIVITIES Unrestricted Restrirted Funds Fund5 Endowment Fund5 Total 2023 Income from charitable activity & fundraising Grants 1,160 339 1,160 339 1,499 1,499 Aughnacloy Presbyterlan Church Community Group Notes to Accounts- Year Ended 31 December 2023 4. OTHER TRADING AcfiviTIES Unrestricted Restricted Funds Funds Endowment Funds Total 2023 Letting of Prernises 2,605 2.605 2,605 2,605 PAYMENTS 5. CHARITABLE AcfiviTES Unrestricted Restricted Funds Funds Endowment Fund5 Total 2023 Cost of Fundraising Running expenses Donation5 Governance costs 8,336 8,336 660 660 8,996 8,996 Aughnacloy Presbyterlan Church Community Group Notes to Accounts- Year Ended 31 December 2023 6. FIXED ASSErs Freehold Property Flxtures and Fittings Total Cost At l January 2023 Additions At 31 December 2023 475,871 20,710 1,000 21,710 496,581 1,000 497,581 475.871 Net Book Value At 31 December 2023 475,871 21,710 497,581 At 31 December 2022 475,871 20.710 496,581 7. CREDITORS Accruals Bank Loan Account 480 14,902 Total 480 15,382 8. ACCRUALS AND DEFERRED INCOME Deferred Grants DAERA MUDC NIHE 151,497 60,200 20,000 231,697 The above represents grants received from Dept. for Agriculture, Environment and Rural Affairs, Mid Ulster District Council and Nl Housing Executive. A Debenture in favour of Dept. for Agriculture, Environment and Rural Affairs was registered on 28 March 2019.