2022-12-31-accounts - All Souls' Church incorporating the Second Presbyterian Congregation of Belfast and the York Street Non Subscribing Presbyterian Congregation.n

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All Souls' Church incorporating The Second Presbyterian Congregation of Belfast and The York Street Non-Subscribing Presbyterian Congregation

Financial Statements for the year ended 31st December 2022

All Souls' Church incorporating The Second Presbyterian Congregation of Belfast and The York Street Non-Subscribing Presbyterian Congregation

Receipts and Payments Account for the year ended 31st December 2022

Receipts Voluntary giving Voluntary giving for other Charities Donations and Bequests Fundraising Gift Aid Investment Income Rental Income Sundry Income Payments Cost of Fundraising Charitable Activities Governance Costs Before transfers between funds Transfers between Funds Net Operating Surplus/ (Deficit)	Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 28,301 0 28,301 27,098 0 203 0 203 180 2,947 0 0 2,947 3,489 258 0 0 258 0 4,228 0 0 4,228 4,331 24,249 0 0 24,249 21,327 22,629 0 0 22,629 7,832 0 0 12,100
	82,612 203 0 82,815 76,357
	0 0 0 0 0 74,829 273 0 75,102 90,720 0 0 0 0 0
	74,829 273 0 75,102 90,720
	7,783 (70) 0 7,713 (14,363) 0 0 0 0
	7,783 (70) 0 7,713 (14,363)

The reconciliation of the receipts and payments shown above to the total funds of the Church is disclosed on the following page under the Statement of Assets and liabilities

Note of movements in purchase and disposal of the Bank Term Deposits portfolio Unrestricted Restricted Endowment Funds Funds Funds £ £ £ Proceeds on Maturity 65,773 Re-Investment 60,000	not reflected Total 2022 £ 65,773 (60,000)	above Total 2021 £ 211,136 (211,500)
Retained/(released) via Ulster Bank Current Account	5,773	(364)

All Souls' Church incorporating The Second Presbyterian Congregation of Belfast and The York Street Non-Subscribing Presbyterian Congregation

Statement of Assets & Liabilities

Reconciliation of Receipts and Payments Account

Unrestricted Funds £ 687,424 7,783	Restricted Funds £ 975 (70)	Endowment Total Total Funds 2022 2021 £ £ £ 8,204 696,603 643,077 0 7,713 (14,363)	Endowment Total Total Funds 2022 2021 £ £ £ 8,204 696,603 643,077 0 7,713 (14,363)	Total
				2021
695,207 (21,545) 774	905 0	8,204 704,316 628,714 (21,545) 64,468 774 3,421
	905	8,204 683,545 696,603 2022 2021 60,540 47,053 146,500 211,500 476,505 438,050 683,545 696,603
			683,545 696,603

The investments in M&G Charitfund are managed by M&G.

M & G Charifund objectives and investment approach can be found on their website.

Non-monetary Assets (not included above)

Church, Halls & Contents Other Property		Unrestricted Funds 5,500,000 45,000	Restricted Funds 0	Restricted Funds 0	Endowment Total Total Funds 2022 2021 0 5,500,000 5,500,000 45,000 45,000	Endowment Total Total Funds 2022 2021 0 5,500,000 5,500,000 45,000 45,000	Total	Total
								2021
		5,545,000		0		0 5,545,000 5,545,000

The trustees are of the opinion that given that the age of the Church buildings and listed status that the most appropriate basis of valuation is the Insurance cover which is shown above. The Insurance valuation is on a rebuild basis.

The charity also has an interest in residential property. The Charity's interest shown above, is based on the Land & Property Services valuation of the property.

Statement of Material Liabilities

The Trustees are not aware of any material liabilities at the date of this Report

Approved by the Trustees and signed on their behalf by:-

*Mrs*	*L Foyle, Treasurer*	Date:	7th March 2023
*Rev.*	*C Hudson*	Date:	7th March 2023

All Souls' Church incorporating The Second Presbyterian Congregation of Belfast and The York Street Non-Subscribing Presbyterian Congregation

Notes to the Accounts

Basis of Accounting under Receipts & Payments

Revenue that the Charity is entitled to is recorded when received, expenditure that the Charity incurred is recorded when paid.

Purpose and nature of funds

Unrestricted fund : These are funds that have been received carrying no restriction on their use and are put to purpose at the discretion of the trustees in furtherance of the objects of the Charity. Within this fund we have designated funds. Of those which are specific to the property, the basis for making these provisions is given the age of the Church Building and the Hall and their respective listed status ,we would anticipate major expenditure in the future and require these provisions to meet the same.

Restricted funds: are funds subject to specific trusts, which are declared by the donor(s) and are expendable by the trustees in furtherance of some particular aspect(s) of the objects of the charity. These funds are subject to restriction (as to their use) imposed by those from whom the funds are obtained. Resources received but not yet expended at the end of the financial year are retained as a reserve.

Endowment funds: where there is no power to convert the capital into income, these are known as a permanent endowment funds and the capital is normally held indefinitely. Where trustees have the power to convert the capital into income, such funds are known as expendable endowments.

Any endowment funds held by the Charity are classified as "permanent".

Trustee benefits (in total) Remuneration Reimbursed expenses	2022 2021 33,223 32,642 6,500 6,500	2021

As explained in the Trustees Report, the only private benefit flowing from our purpose in relation to the trustees is to those in paid employment within our congregation who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits.

Analysis of Charitable Payments

Staff payments Establishment payments Other Charitable payments	2022 2021 54,207 52,878 17,584 34,924 3,311 2,918	2021
	75,102 90,720