## **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|
5
## • **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