Dundonald Presbyterian Church
A congregation of the Presbyterian Church in Ireland
Church
on the
Green
DUNDONALD PRes•YTERIAN
RUSTEES ANNUAL REPORT AND FINANCIAL STATEMEN
FOR THE YEAR ENDED DECEMBER 2023
Registered with the Charity Commission for Northern Ireland NIC 104489

DUNDONALD PRESBYfERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
STATEMENT OF FINANCIAL ACTIVITY FOR YEAR ENDED 31 DECEMBER 2023
Total
Funds
2023
Total
Funds
2022
Notes
Unrestrirted
Funds
Restrirted
Funds
Income from .
Donations
Charitable activities
Building Fund
82,873
82,873
335,448
63,141
58,052
190,285
62,197
335,448
63,141
Total
335,448
146,014
481,462
310,534
Expenditure on .
Charitable activities
Interest on loans
213,667
109,398
323,065
333,647
Total
213,667
109,398
325,065
333,647
Surplus/Deficit
121,781
36,616
158,397 {23,1131
Net gain on investments
46
46
30
Net Income / (expenditure)
121,827
36,616
158,443
123,083)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
299,022
1,885,157 2,184,179 2,207,262
Total funds carried forward
420,849
1,921,773 2,342,622 2,184,179
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DUNDONALD PRESBYfERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
BALANCE SHEET
As at 31st December 2023
Total
Funds Total Funds
2023
2022
Notes
Unrestricted Restricted
Funds
Funds
Fixed assets
Tangible assets
Investments
Total fixed assets
1,717,469
1,717,469
2,151
1,719,620
1,699,408
2,151
1,701,559
2,151
2,151
1,717,469
Current assets
Debtors
94,169
8,601
102,770
16,594
Cash at Bank and in hand
326,569
197,703
524,272
504,946
Total current assets
420,738
206,304
627,042
521,540
Liabilities
Creditors: Amounts falling due
within one year
(2,0401
12,000)
{4,040)
138,920)
Net current assets or liabilities
418,698
204,304
623,002
482,620
Total assets less current
liabilitie5
420.849
1,921,773
2.342,622
2,184,179
Creditors: amounts falling due
after morethan one year
Total net assets or liabblities
420,849
1,921,773
2,342,742
2,184,179
Funds of the Charity
Restricted Funds
Tangible Fixed assets
Unrestricted Funds
204,304
1,717,469
204,304
1,717,469
420,849
183,598
1,701,559
299,022
420,849
420,849
1,921,773
by Kirk Session at a meeting on 26 April 2024 and signed on its behalf
2,342,622
2,184.179
Approv
Chris Teer
Trustee
illiam Mccully
Trustee
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DUNDONALD PRESBYfERIAN CHURCH
A congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2023
I. ACCOUNTING POLICIES
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 IFRS102) (effective I
January 2015).
The financial statements have been prepared under the historical cost convention except for
investment assets, which are shown at market value. The financial statements include all 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 (al income from endowments which is to be expended only on the
restricted purposes intended by the donor and Ib) 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 ba515.
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.
12

DUNDONALD PRESBYfERIAN CHURCH
A congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2023
I. ACCOUNTING POLICIES (convd)
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities {SoFAI when:
the congregation becomes entitled to the resources;
the trustees are virtually certain they will receive the resources; and
the monetary value can be measured with sufficient reliably.
(li) Incoming resources with related expenditure
Where incoming resources have related expenditure {as with fundraising income) the incoming
resources and related expenditure are reported gross in the SOFA.
(iii) Grants and donations
Grants and donations are only included in the SOFA when the congregation has unconditional
entitlement to the resources.
(iv) Tax reclaims on donations and gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which
they relate.
(v) Contractual income and performance related grants
This is only included in the SOFA once the related goods or services have been delivered.
{vi) Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount
actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when
sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as
incoming resources when receivable.
13

DUNDONALD PRESBYfERIAN CHURCH
A congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2023
I. ACCOUNTING POLICIES (convd)
(vii) 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.
{viii) Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the
trustees, annual report.
(ix) Investment income
This is included in the accounts when receivable.
(x) 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 committing the
congregation to pay out resources.
(xiil 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.
(xiii) Grants with performance conditions
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.
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DUNDONALD PRESBYfERIAN CHURCH
A congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2023
I. ACCOUNTING POLICIES (cont'd)
(xiv) Grants payable without performance conditions
These are only recognised in the accounts when a commitment has been made and there are no
conditions to be met relating to the grant which remain in the control of the charity.
ASSErs
(xv) Tangible Fixed Assets
Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and
cost at least £2,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation is recorded on all tangible fixed assets other than freehold land, at rates calculated to
write of the cost, less estimated residual value, of each asset over its expected useful life as follows
Buildings".
- over 50 years
(xvi) Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other
investment assets are included at trustees, best estimate of market value.
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DUNDONALD PRESBYfERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31st December 2023
2. INCOME
Total
Funds
2023
Total
Funds
2022
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 Rent5
NIE Wayleave
Closurenransfer of Catering Fund
Legacies (unallocl
Inclusion of Mission account
186,725
3,414
35,582
120
186,725
3,414
60,710
923
63,141
27,038
loo
15,027
3,590
3,903
7,340
11
142,940
1,630
48,541
791
62,197
22,698
loo
12,627
2,645
502
7,140
io
8,713
25,128
803
63,141
27,038
100
15,027
3,590
3,903
7,340
li
94,763
94,763
14,777
14,777
335,448
146,014
481,462
310,534
16

DUNDONALD PRESBYfERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31st December 2023
3. EXPENDITURE ON CHARITABLE ACTIVITIES
Total
Funds
2023
Total
Funds
2022
Unrestrirted Restricted
Funds
Funds
PCI Assessments
Ministry and support staff costs
Congregational running expenses
Building Fund expenditure
Donations to Missions & Charities
Support costs
Depreciation
Fees re sold property {unalloc)
38,518
98,481
74,628
38,518
98,481
74,628
19,374
51,124
2,040
38,900
34,851
106,423
72,635
33,743
43,708
1,947
37,765
2,575
19,374
51.124
2,040
38,900
213,667
109,398
323,065
333,647
4. TANGIBLE FIXED ASSErs
Cost or valuation
At start of year
Additions
1,888,233
56,961
1,888,233
56,961
At end of year
1,945,194
1,945,194
Depreciation
At start of year
Provision for year
188,825
38,900
188,825
38,900
At end of year
227,725
227,725
Net Book Value
At end of year
1,717,469
1,717,469
At start of year
1,699,408
1,699,408
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DUNDONALD PRESBYfERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
$t
31 December 2023
5. DEBTORS
2023
2022
Gift Aid recoverable
Legacy
18,007
84,763
16,594
102,770
16,594
6. CASH AT BANK
Ulster Bank Number l Account
Ulster Bank standing order account
Ulster Bank Number 2 Account
320,380
199,643
4,249
330,020
174,926
524,272
504,946
7. CREDITORS: FALLING DUE WITHIN ONE YEAR
Accruals
Other creditors
Interest free loans from congregation
2,040
1,920
2,000
37,000
4,040
38,920
8. CREDITORS: FALLING DUE AFTER ONE YEAR
2023
2022
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DUNDONALD PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
31" December 2023
9. RECONCILIATION OF FUNDS
Balance at
start
Income
Expend.
Transfer
Balance at
end
Unrestricted Funds
General Fund
299,022
335,494
(213,667)
420,849
299,022
335,494
{213,392)
420,849
Restricted Funds
Fixed asset fund
Other restricted funds
1,699,408
185,749
{38,9001
{70,4981
56,961
(56,961)
1,717,469
204,304
146,014
1,885,157
146,014
{109,398)
1,921,773
Total Funds
2,184,179
481,508
(323,065)
2,342,622
10. STAFF COSTS
The total staff costs and employee benefits for the reporting period are analysed as follows:
2023
2022
Wages and salaries
Social security costs
Employer contributions to pension plans
Pension contribution by congregation
Other employee benefits
92,049
6,581
776
11.902
6.701
99,673
6,480
1,198
11,335
6,382
118,009
125,068
The average head count of employees during the year was 4 (2022: 41.
No employee received employee benefits of more than £60,000 during the year {2022: Nil).
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DUNDONALD PRESBYfERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31" December 2023
11. PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme
(20091. This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity.
The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the
employerf5 pension contribution for the Scheme and based on the stipend paid to the minister. The
Presbyterian Church in Ireland Pension Scheme120091 is a funded Scheme of the defined benefit type,
providing defined benefits based on career average revalued salary. The Scheme has asset5 held in a
separately administered fund managed by a board of trustees. The Presbyterian Church and the
Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet
current and future obligations. A formal schedule of contributions was drawn up on 25 November
2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24%
of pensionable salariesto cover the accrual of benefits forfuture service, expenses, the cost of insuring
death in seniice benefits and funding the scheme deficit.
The contributions made by the congregation during the year were
2023
2022
11,902
11,335
The congregation operates a defined pension contribution policy for other employees.
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.
2023
2022
Contributions
776
1,198
20

DUNDONALD PRESBYfERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31. December 2023
12. RELATED PARTYTRANSACTIONS
The minister of the congregation, who is also a trustee, received remuneration of £50,089 and
expenses amounting to £6,878 including Car Allowance of £4,020 and Duties Allowance of £2,681 for
acting in that capacity. Car and Duties Allowance are paid direct by PCI and reimbursed through
Assembly Assessment5. Pension contributions of £11,902 were paid by the congregation in respect of
the minister to the Presbyterian Church in Ireland Pension Scheme (2009).
Six additional trustees were appointed on 13 November 2023, one of whom is an employee of the
church. Since that date he ha5 received remuneration of £3717, pension contributions of £87 to a
NEST scheme and training course costs of £416.
None of the other trustees received any remuneration or expenses in connection with their duties.
During the yearthe congregation contributed the following amounts to Funds of the General Assembly
of the Presbyterian Church in Ireland, a separate charity.
£38,518 for congregational assessments {includes above ministerfs pension contribution and Car and
Duties Allowances).
£16,613 towards the United Appeal.
£1,165 towards the World Development Appeal.
The congregation contributed £1,041 towards Presbytery Assessments during the year.
There were no other related party transactions.
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