2020-12-31-accounts

DUNDONALD PRESBITERIAN CHURCH A Congregatlon of the Presbyterian Church In Ireland STATEMENT OF FINANCIAL AcfiNITY FOR YEAR EP4DED 31 DECEMBER 2020 Total Funds Notes Uttrestrl¢ted Re5trlrted Funds Funds Funds 2020 2019 Income from ". Dortations Charitable activities Building Fund 29,296 29,296 187,523 56,098 39.537 175,741 94,190 187,523 56,098 Total 187,523 85,394 272.917 309,468 Empèndlturè on: Charitable artivities Interest on loans 168,703 81.016 249.719 267,726 4,055 Total 168.703 81,016 249,719 271,781 Surplus 18,820 4,378 23,198 37,687 Net gain on investments 33 33 Net Intome l {e¥pendlturel 18853 4,378 23,231 37,687 Transfers between funds Net movement In funds Reconciliation of funds: Total funds brought forward 87,302 1.861.584 1.948.886 1,911,199 Totsl funds <arrled forwafd 106,155 1,865,962 1,972,117 1,948,886

DUNDONALD pRE5B￿ERIAN CHURCH A congregation of the Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2020 I. ACCOUNTING POUCIES BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland IFRS1021 (effective I January 20151. The financial statements have been prepared under the historical cost convention except for investment assets, which are shown 8t market value. The financial statements include a15 transactions, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members. 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 lal income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl 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 fL*nds on an average balance basis. Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are Eeneral funds set aside by the congregation for use in the futLtre.

DUNDONALD pREsB￿ERlAN CHURCH A congregation of the Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December2020 I. ACCOUNTING POLICIES Icont'dl Ivii) Donated services and facilities These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable. measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. Iviil) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. lix) Investment income This is included in the accounts when receivable. Ix) Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES {xi} Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committir)g the congregation to pay out resource5. Ixii} Governance costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. Ixlll} Grants wlth performance conditlons Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

DUNDONALD PREs8￿ERIAN CHURCH A Congregation of the Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31st December 2020 2. INCOME Total Funds 2020 Total Funds 2019 Unrestricted Funds Restricted Funds Weekly freewill offering Loose collections Gift Aid Miscellaneous income Building fund Mission support Remembrance Day donations Donations for PCI funds Donations for Heat & Light Bank interest Property Rents NIE Wayleave Presbytery Grant Donations in memory Job Retention Scheme 130,455 1,630 25,795 375 130,455 1,630 30,718 974 135,748 6,000 27,161 5,943 94.190 14,595 204 10,986 2.455 181 6,996 io 4,923 599 56.098 11,570 77 12,127 56.098 11,570 77 12,127 2,232 117 7,040 io 2,232 117 7,040 io 5,000 6,385 13,484 6,385 13,484 187,523 85,394 272,917 309,468

DUNDONALD PRESBYTERIAN CHURCH A Congregation of the Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31, December 2020 S. DEBTORS 2020 2019 Gift Aid recoverable 10,803 15,220 10,803 15,220 6. CASH AT BANK Ulster Bank Number l Account Ulster Bank standing order accotjnt 99.092 124,116 106,790 101,038 223,208 207,828 7. CREDITORS: FALLING DUE WITHIN ONE YEAR Accruals Other creditors Interest free loons from congregation 1,920 1,920 37,000 87,000 38.920 88,920 8. CREDITORS: FALLING DUE AFTER ONE YEAR 2020 2019

DUNDONALD PR£SBYfERIAN CHURCH A Congregatlon of the Presbyterian Chur¢h In Ireland NOTES TO THE ACCOUNTS 31" December 2020 PENSION COSTS Icontlnuedl The contributions made by the congregation durin8 the year were 2020 2019 11,085 10,868 The congregation has three other employees and operates a defined pension contribution policy. The scheme and its assets are held by an independent scheme manager, in this case NEST. The pension charge represents the contributions paid by the congregation during the year. 2020 2019 Contributions 612 11. REiATED PAKfY TRANsA￿￿oNs The minister of the congregation, who is also a trustee, received reffluneration of £46,188 and expenses amoLEntin8 to £6,320 ¥ncluding Car Allowan￿ of £3,745 and Duties Allowance of £2,497 for acting in that capacity. Car and Duties Allowance are paid direct by PCI and reimbursed through Assembly Assessments. Pension contributions of £11,085 were paid by the congregation in respett of the minister to the Presbyterian Church in Ireland Perssion Scheme120091. None of the other trustees received any remuneration or expense5 in connertion with their duties. Duringthe yearthe congregation contributed the following amountsto Funds of the General ￿SeMbly of the Presbyterian Church in Ireland, 3 separate charity. £34,834 for con8regational assessments lintludes above pensÉon contribution and Car aftd Duties Allowances). £12,434 towèrds the United Appeal. £269 towards the World Development Appeal. £1.057 towards PCI Children's Society The congregatTron contributed £1,316 towards Presbytery Assessments during the year. There were no other related party transactions.