# SINCLAIR SEAMEN'S CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Financial Statements for the year ended 31st December 2022 **Registered Charity in Northern Ireland (NIC104375)** ## **Sinclair Seamen's Presbyterian Church - a Congregation of The Presbyterian Church in Ireland** ## **Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2022** |||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| |---|---|---|---|---|---|---| ||**Notes**|**Funds**|**Funds**|**Funds**|**2022**|**2021**| |||£|£|£|£|£| |**Receipts**||||||| |Donations and legacies|**2**|£53,223|£17,527|£0|£70,750|£66,336| |Charitable activities|**3**|£425|£0|£0|£425|£0| |Other trading activities|**4**|£5,250|£0|£0|£5,250|£5,250| |Investment Income|**5**|£1,398|£0|£0|£1,398|£1,382| |Other|**6**|£0|£106|£0|£106|£0| |Organisations||£0|£1,216|£0|£1,216|£818| |Sale of Investments||0|0|0|0|0| |Sale of fixed assets||0|0|0|0|0| |Loans Received||0|0|0|0|0| |Total Receipts||**£60,296**|**£18,849**|**£0**|**£79,145**|**£73,786**| |**Payments**||||||| |Raising funds|**7**|£607|£0|£0|£607|£572| |Charitable activities|**8**|£50,358|£12,208|£0|£62,566|£66,279| |Investment costs||£0|£0|£0|£0|£0| |Other|**9**|£2,326|£0|£0|£2,326|£274| |Organisations||£0|£1,225|£0|£1,225|£808| |Purchase of Investments||0|0|0|0|0| |Purchase of fixed assets||0|0|0|0|0| |Loan Repayments||0|0|0|0|0| |Total Payments||**£53,291**|**£13,433**|**£0**|**£66,724**|**£67,933**| |Net receipts / (payments)||£7,005|£5,416|£0|£12,421|£5,853| |Transfers between funds||-£1,011|£1,011|£0|£0|£0| |Net movement in funds||£5,994|£6,427|£0|£12,421|£5,853| |Funds brought forward||£365,656|£38,142|£0|£403,798|£397,945| |Funds carried forward|**12**|**£371,650**|**£44,569**|**£0**|**£416,219**|**£403,798**| Page - 1 - ## **Sinclair Seamen's Presbyterian Church - a Congregation of The Presbyterian Church in Ireland** ## **Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2022** |**Unrestricted**
**Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
£
£
£
**Funds Reconciliation**
Bank and Cash at start of year
£365,656
£38,142
£0
Net movement in funds
**£5,994**
**£6,427**
£0
Bank and Cash at end of year
**£371,650**
**£44,569**
£0
**Bank & Cash Balances**
Bank Current Account - General
Bank Current Account - Property
Nationwide Building Society
Bank Current Accounts - Organisations
Sub total
Endowment Funds
**Total**
**Other Assets**
Church Premises
Fixtures and Fittings
Vehicles
Gift Aid receivable on donations
Other assets
**Liabilities**
Loans
Other liabilities
Fixed Assets -**Note 10**
Investments - GIF -**Note 11**|**Unrestricted**
**Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
£
£
£
£365,656
£38,142
£0
**£5,994**
**£6,427**
£0|**Total**
**Total**
**2022**
**2021**
£
£
£403,798
£397,945
£12,421
£5,853| |---|---|---| ||**£371,650**
**£44,569**
£0|**£416,219**
£403,798| |||£285,138
£280,251
£43,751
£37,198
£86,512
£85,405
£818
£944| |||£416,219
£403,798
£0
£0
**£416,219**
**£403,798**| |||**£8,799**
£9,587
**£10,133**
£8,445
0
0
0
0| Approved by the Kirk Session at a meeting on Wednesday 8th February 2023 and signed on its behalf by Name: Mr William Greer Name: Mr Samuel Heading Date 8th February 2023 Date: 8th February 2023 Page -2- ## **Sinclair Seamen's Prersbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2022** ## **Accounting Policies** ## **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 (a) 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. ## **2. DONATIONS AND LEGACIES** |Recorded givings
Loose collections
Donations and gifts
Gift Aid
Legacies and bequests|Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
2022
2021
£
£
£
£
£
£41,691
£13,610
£0
**£55,301**
£49,432
£4,137
£618
£0
**£4,755**
£5,443
£200
£361
£0
**£561**
£2,832
£7,195
£2,938
£0
**£10,133**
£8,445
£0
£0
£0
**£0**
£184
**£0**| |---|---| ||**£53,223**
**£17,527**
**£0**
**£70,750**
£66,336| Page -3- ## **Sinclair Seamen's Presbyterian Church - a Congregation of The Presbyterian Church in Ireland** ## **Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2022** ## **3. Charitable Activities** |Fees from weddings and funerals
Fundraising events
Membership fees
Grants - Urban Mission Trust
Income: Presbyterian Herald|**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
£
£
£
£
£
£225
0
0
£225
0
£200
0
0
£200
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0| |---|---| ||**£425**
£0
£0
**£425**
£0| ## **4. Other Trading Activities** |Letting of premises
Vodaphone|**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
£
£
£
£
£
0
0
0
0
0
£5,250
0
0
£5,250
£5,250| |---|---| ||**£5,250**
0
0
**£5,250**
£5,250| ## **5. Investment Income** |Nationwide Deposit interest
General Investment Fund
Rents investment properties
Other investment income|**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
£
£
£
£
£
£1,107
0
0
£1,107
£1,102
£291
0
0
£291
£280
0
0
0
0
0
0
0
0
0
0| |---|---| ||**£1,398**
£0
£0
**£1,398**
£1,382| Page -4- ## **Sinclair Seamen's Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2022** ## **6. Other Income** |Other income
FWO envelopes
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donations to Missions and Charities
Church Building Survey
Goverance Costs
**7. Raising Funds**
Sunday School Expenses
Bank Charges
**8. Charitable Activities**
VAT Refund|**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
£
£
£
£
£
0
£106
0
£106
0
0
0
0
0
0| |---|---| ||**0**
£106
0
**£106**
0| ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
£
£
£
£
£
£607
0
0
£607
£572
0
0
0
0
0| ||**£607**
0
0
**£607**
£572| ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
£
£
£
£
£9,066
£0
£0
£9,066
£9,778
£388
£0
£0
£388
£490
£29,226
£0
£0
£29,226
£25,435
£11,204
£2,669
£0
£13,873
£11,531
£0
£9,539
£0
£9,539
£10,158
£102
£0
£0
£102
£154
£132
£0
£0
£132
£153
£0
£0
£0
£0
£8,580
£240
£0
£0
£240
£0| ||**£50,358**
**£12,208**
**£0**
**£62,566**
£66,279| Page -5- ## **Sinclair Seamen's Presbyterian Church - a Congregation of The Presbyterian Church in Ireland** ## **Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2022** ## **9. Other Expenditure** |**9. Other Expenditure**|| |---|---| |Vodaphone: Cost of Living' Gifts
Presentations|**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
£
£
£
£
£
£450
0
0
£450
£210
£1,876
0
0
£1,876
£64| ||**£2,326**
0
0
£2,326
£274| ## **10. Fixed Assets** |The congregation owns the Church premises situated at Corporation Square,|| |---|---| |Belfast BT1 3AJ and the associated fixtures, fittings, plant and machinery.|| |The congregation also own the Church manse situated at 11 Meadow Dale, Newtownabbey BT37 0UT.|| |These have an insurance value of :
£|| |Church Hall Building & Contents
£672,319|**Total value**| |Church Building & Contents
£2,638,392|**£**| |Church Manse
£507,621|**£3,818,332**| ## **11. Investments** The congregation has the following investments. Amounts are shown at market valuation |General Investment Fund at market valuation
Property
Other investments|2022
2021
£
£
£8,799
£9,587
0
0
0
0| |---|---| ||**£8,799**
**£9,587**| Page -6- ## **Sinclair Seamen's Presbyterian Church - a Congregation of The Presbyterian Church in Ireland** ## **Statement of Financial Activity ( Receipts and Payments Account )** ## **Year ended 31 December 2022** ## **12. Fund Balances** |**12. Fund Balances**|| |---|---| |**Unrestricted Funds**
Royal National Lifeboat
Our Daily Bread
Organisations
**Endowment Fund**
**Restricted Funds**
Maintenance of Property
Mission: United Appeal
Open Doors Mission
(Name of Fund)
Earl Haig Fund
Tear Fund
Ulster Bank General Fund
Nationwide Building Society|**Balance**
**Receipts**
**Payment**
**Surplus /**
**Transfers**
**Balance**
**at start**
**(Deficit)**
**at end**
£
£
£
£
£
£
£280,251
£59,189
£53,291
£5,898
-£1,011
£285,138
£85,405
£1,107
£0
£1,107
£0
£86,512| ||**£365,656**
**£60,296**
**£53,291**
**£7,005**
**-£1,011**
**£371,650**| ||£37,198
£9,222
£2,669
£6,553
£0
£43,751
£0
£3,995
£4,923
-£928
£928
£0
£0
£2,912
£2,912
£0
£0
£0
£0
£162
£162
£0
£0
£0
£0
£1,142
£1,142
£0
£0
£0
£0
£200
£200
£0
£0
£0
£0
£0
£200
-£200
£200
£0
£944
£1,216
£1,225
-£9
-£117
£818
£0| ||**£38,142**
**£18,849**
**£13,433**
**£5,416**
**£1,011**
**£44,569**| ||NIL
NIL
NIL
NIL
NIL
NIL| |**Total Funds**|**£403,798**
**£79,145**
**£66,724**
**£12,421**
**£0**
**£416,219**| |**General Investment Fund**|**Valuation at Start**
**Revaluation**
**Decrease**
**Revaluation at**
**End**
£
£
£
**£9,587**
**£788**
**£8,799**| **General Investment Fund: 720 Shares Fixed Asset Market Share Value @ 31st Dec 2021: £13.3155 ea. 31st Dec 2022 : £ 12.2209 ea.** Page -7-