**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
£
Opening Funds at beginning of year
687,424
Surplus/ (Deficit) for the year
7,783
695,207
Increase/ (Decrease) in
value of Investments
(21,545)
Interest on Maturity of Term Deposits
774
Closing Funds at end of year
674,436
**Held as followings:**
Ulster Bank
Bank Deposit term Accounts
Investments:
M & G Charifund||Unrestricted
Funds
£
687,424
7,783|Restricted
Funds
£
975
(70)|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)|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||