ROSEMARY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Accounts for the year ended 31 December 2022
Registered Charity in Northern Ireland NIC 104448
1
ROSEMARY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022
| Note | Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies |
2 | 105915 | 134551 | 0 | 240466 | 207962 |
| Charitable activities |
3 | 645 | 0 | 0 | 645 | 6095 |
| Other trading activities |
4 | 1400 | 0 | 0 | 1400 | 1030 |
| Investment Income |
5 | 1373 | 1042 | 0 | 2415 | 2121 |
| Other | 6 | 0 | 1640 | 0 | 1640 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Organisations | 0 | 1426 | 0 | 1426 | 1643 | |
| Sale of Investments |
0 | 0 | 0 | 0 | 0 | 0 |
| Sale of fixed assets |
0 | 0 | 0 | 0 | 0 | 0 |
| Loans Received | 0 | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 109333 | 138659 | 0 | 247992 | 218851 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Payments | ||||||
| Raisingfunds | 7 | 81 | 0 | 0 | 681 | 642 |
| Charitable activities |
8 | 109505 | 43720 | 0 | 153225 | 153738 |
| Investment costs |
0 | 0 | 0 | 0 | 0 | |
| Other | 9 | 0 | 1640 | 0 | 1640 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Organisations | 0 | 1403 | 0 | 1403 | 2102 | |
| 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 | 110186 | 46763 | 0 | 156949 | 156482 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net receipts / (payments) |
-853 | 91896 | 0 | 91043 | 62369 |
2
| Transfers between funds |
-70 | 70 | 0 | 0 | 0 | |
|---|---|---|---|---|---|---|
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds |
-923 | 91966 | 0 | 91043 | 62369 | |
| Funds brought forward |
218871 | 110528 | 0 | 329399 | 267030 | |
| ---------- | --------- | ---------- | ---------- | ---------- | ||
| Funds carried forward |
12 | 217948 | 202494 | 0 | 420442 | 329399 |
| ====== | ====== | ====== | ====== | ====== |
ROSEMARY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022
| s at 31 December 2022 | |||||
|---|---|---|---|---|---|
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total Funds 2022 |
Total Funds 2021 |
|
| £ | £ | £ | £ | £ | |
| Funds Reconciliation | |||||
| Bank and Cash at start ofyear |
218871 | 110528 | 0 | 329399 | 267030 |
| Net movement in funds |
-923 | 91966 | 0 | 91043 | 62369 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Bank and Cash at end ofyear |
217948 | 202494 | 0 | 420442 | 329399 |
| ======- | ======= | ======= | ======= | ======= | |
| Bank & Cash Balances |
|||||
| Bank Deposit Accounts |
288186 | 141533 | |||
| Bank Current Accounts |
109320 | 163498 | |||
| Cash in hand - Organisations |
227 | 981 | |||
| Bank Current Accounts - Organisations |
22709 | 23387 | |||
| ---------- | ---------- | ||||
| Total | 420442 | 329399 | |||
| ======= | ======= | ||||
3
| Other Assets | 2022 | 2021 | |||
|---|---|---|---|---|---|
| Fixed Assets – Note 10 |
|||||
| • Church Premises | 203595 | 203595 | |||
| • Fixtures, Fittings & Equipment |
21529 | 21529 | |||
| • Vehicles | 0 | 0 | |||
| Investments – Note 11 |
57157 | 62277 | |||
| Gift Aid receivable on donations |
24000 | 24000 | |||
| Liabilities | |||||
| Loans | 0 | 0 | |||
| Other | 0 | 0 | |||
Approved by the Kirk Session at a meeting on 24th January 2023 and signed on its behalf by
Date 24/01/2023 Date 24/01/2023
4
ROSEMARY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS
31 December 2022
• 1 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
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Recordedgiving: | 78042 | 28212 | 0 | 106254 | 108202 |
| Loose collections | 5002 | 0 | 0 | 5002 | 4945 |
| Donations andgifts | 1350 | 13561 | 0 | 14911 | 7679 |
| Gift Aid | 16938 | 6763 | 0 | 23701 | 27136 |
| Legacies and bequests | 4583 | 86015 | 0 | 90598 | 60000 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 105915 | 134551 | 0 | 240466 | 207962 |
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• 3 CHARITABLE ACTIVITIES
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Income from charitable activities |
645 | 0 | 0 | 645 | 325 |
| Fees from weddings and funerals |
0 | 0 | 0 | 0 | 0 |
| Fundraisingevents | 0 | 0 | 0 | 0 | 0 |
| HMRC – Job Retention Scheme |
0 | 0 | 0 | 0 | 5770 |
| Grant – Urban Mission Trust |
0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 645 | 0 | 0 | 645 | 6095 |
• 4 OTHER TRADING ACTIVITIES
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Lettingofpremises | 1400 | 0 | 0 | 1400 | 1030 |
| Tradingincome | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 1400 | 0 | 0 | 1400 | 1030 |
• 5 INVESTMENT INCOME
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Deposit interest | 848 | 304 | 0 | 1152 | 905 |
| General Investment Fund |
525 | 738 | 0 | 1263 | 1216 |
| Rents investment properties |
0 | 0 | 0 | 0 | 0 |
| Other investment income |
0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 1373 | 1042 | 0 | 2415 | 2121 |
6
• 6 OTHER INCOME
| 6 OTHER INCOME | |||||
|---|---|---|---|---|---|
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
| £ | £ | £ | £ | £ | |
| Insurance claims | 0 | 0 | 0 | 0 | 0 |
| Other income – Retirement presentation |
0 | 1640 | 0 | 1640 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 0 | 1640 | 0 | 1640 | 0 |
• 7 RAISING FUNDS
| 7 RAISING FUNDS | |||||
|---|---|---|---|---|---|
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
| £ | £ | £ | £ | £ | |
| FWO envelopes | 681 | 0 | 0 | 681 | 642 |
| Fundraisingevents | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 681 | 0 | 0 | 681 | 642 |
• 8 CHARITABLE ACTIVITIES
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| General Assembly Assessments |
20100 | 0 | 0 | 20100 | 20719 |
| Presbyteryfees | 905 | 0 | 0 | 905 | 887 |
| Ministry and support staff costs |
64004 | 0 | 0 | 64004 | 66123 |
| Congregational runningexpenses |
24051 | 20173 | 0 | 44224 | 45180 |
| Donations to Missions and charities |
0 | 23547 | 0 | 23547 | 20384 |
| Governance costs | 445 | 0 | 0 | 445 | 445 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 109505 | 43720 | 0 | 153225 | 153738 |
7
• 9 OTHER EXPENDITURE
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Investment properties expenses |
0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 0 | 0 | 0 | 0 | 0 |
• 10 FIXED ASSETS
The congregation owns the Church premises situated at 26 - 36 North Circular Road, Belfast BT15 5HD, the Ekenhead Memorial Halls situated at 19 North Circular Road, Belfast BT15 5HB, the residential bungalow situated at 19A North Circular Road, Belfast BT15 5HB, the Manse occupied by our Minister and his family situated at 17 Innisfayle Park, Belfast BT15 5HS and the associated fixtures, fittings, plant and machinery. These have a combined insurance value of £9.598 million at last renewal date.
• 11 INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| General Investment Fund | 57157 | 62277 | |||
| Property, furnishings & fittings at cost |
0 | 0 | |||
| Other investments - bank deposit |
0 | 0 | |||
| ---------- | ---------- | ||||
| 57157 | 62277 |
• 12 FUND BALANCES
| Fund | Balance at start |
Receipts | Payment | Surplus / (Deficit) |
Transfer | Balance at end |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds |
||||||
| General Fund | 9577 | 106161 | 110186 | -4025 | 410 | 5962 |
| Burns Bequest | 11306 | 44 | 0 | 44 | 0 | 11350 |
| McMillan Bequest | 25022 | 92 | 0 | 92 | 0 | 25114 |
| Davenport Bequest |
30722 | 124 | 0 | 124 | 0 | 30846 |
| Wightman Bequest | 60167 | 2716 | 0 | 2716 | 0 | 62883 |
8
| Carroll Bequest | 28391 | 71 | 0 | 71 | 0 | 28462 |
|---|---|---|---|---|---|---|
| Gault Bequest | 20049 | 50 | 0 | 50 | 0 | 20099 |
| Potter Bequest | 30025 | 75 | 0 | 75 | 0 | 30100 |
| Special Projects | 3612 | 0 | 0 | 0 | -480 | 3132 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 218871 | 109333 | 110186 | -853 | -70 | 217948 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted Funds | ||||||
| Maintenance of Property |
16092 | 15825 | 9348 | 6477 | 0 | 22569 |
| Mission in Rosemary | 5680 | 0 | 0 | 0 | 0 | 5680 |
| Gill Mission Funds | 0 | 86216 | 0 | 86216 | 0 | 86216 |
| J H C Fund | 21060 | 84 | 0 | 84 | -80 | 21064 |
| Transport / Minibus Fund |
27286 | 825 | 500 | 325 | 0 | 27611 |
| Undistributed Trust Income |
5826 | 323 | 0 | 323 | 0 | 6149 |
| Investment Funds | 8865 | 19 | 0 | 19 | 0 | 8884 |
| 309 Cavehill Road | 533 | 0 | 0 | 0 | 0 | 533 |
| SundaySchool | 818 | 124 | 90 | 34 | 0 | 852 |
| Organisations | 24368 | 1426 | 1403 | 23 | -1455 | 22936 |
| Presentation | 0 | 1640 | 1640 | 0 | 0 | 0 |
| Missions & Charities Fund |
0 | 22797 | 23547 | -750 | 750 | 0 |
| Heat & Light | 0 | 9380 | 10235 | -855 | 855 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 110528 | 138659 | 46763 | 91896 | 70 | 202494 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Endowment Funds | 0 | 0 | ||||
| ---------- | ----------- | ----------- | ----------- | ----------- | ---------- | |
| Total Funds | 329399 | 247992 | 156949 | 91043 | 0 | 420442 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Valuation at start |
Revaluation Decrease |
Valuation at end |
||||
| General Investment Fund |
62277 | 5120 | 57157 | |||
9