REGENT STREET CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Financial Statements for the year ended 31 December 2022 Registered Charity in Northem Ireland (NIC105068) REGENT STREET CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTivrrY Year ending 31 December 2022 Unrestricted Restricted Endowment Funds Funds Funds 101.536 53.213 59.904 Receipts Donations and Legacies Charitable aclivities other trading activities Investment income Other Note Total 2022 154,749 59.904 810 681 Total 2021 154,222 329 925 232 810 681 103.030 113,117 216,148 155,713 Gain on investments Gain on sale of fixed assets 42,000 42,000 Total Recelpt8 103,030 113,117 216,148 197,713 Payments Raislng funds Charitsble activities Investment costs Other 882 479,059 884 138,445 93.363 385,696 94.245 385.696 479,941 139,309 Loss on investments Loss on sale of fixed assets Total Payments 385,696 479,941 139,309 Net r8ceiptsl(payments) Transfers between funds 8,785 -210,000 -272.578 210,000 -263,793 58,403 Net movement of funds Funds brought forward -201.215 1,346,681 -62 578 122,974 -263,793 1.469,655 58,403 1,411,253 Funds carried forward 1.145.466 60,396 1.205,861 1,469,656 Registered Charity in Northem Ireland (NIC105068) REGENT STREET CONGREGATION OF THE PREBYfERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31 DECEMBER 2022 nrestricted Restricted Endovmient Funds Funds Funds Total 2022 Total 2021 Funds Roconclllatlon Funds at stsrt of year Net movement in funds 1,346.681 -201.215 122,974 -62.578 1,469,655 -263,793 1,411,253 58,403 Funds at end of year 1.145.466 60,396 1.205,862 1.469,656 Flxed Assets > Church premises 843.498 479.779 > Fixtures, Fittings. Equipment > Vehicl8s 843.498 479.779 Currnnt Assot8 Bank & Cash Balances Bank Deposit Accounts Bank Curr6nt Accounts Organisations Cash Sn Hand 346.025 2,937 135 349,097 973,272 3,297 36 976,606 Gift ald recelvable on donations Prepayments Investments- Note 10 8.962 3.720 1,185 362,964 10,574 2,005 1.292 990,477 Credltors . amounts fallln ewl Loans Oth8r 600 600 600 600 se 362.364 989,877 Total Assots les8 Curren 1,205,862 1,469,656 Creditors- amounts fallin due after one ear l Assets I Liablllties 1,205,862 1,469,656 Approved by the Kirk Session at a meeting ￿ 13 March 2023 and signed on rfs behalf by.. - Rev. Paul Dalzell acan Convener lan Macdonald Clerk of Session Registered Charity in Northem Ireland (NIC105068) REGENT STREET CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUIffiS FOR THE YEAR ENDED 31 DECEMBER 2022 I. BASIS OF PREPARATION 8ccNa15 basis. in with the provtsi0￿ in Th8 Ch•1besAc(￿nts RepLKts IN¢ylhwn Ireland) 2015. The Samè ba818 18 still fd>y￿. Thè accounts have b88n prepared in accordan￿ with the NawnlirvJ 8JxI Rèrrfxt"ng of Cha￿￿eS SORP in accordance wf(h FRS102. Income is includ8d in the Statement of F￿anUal Activths (&)FA} when church beccrfnes entiUeLI to the Tesoufces and the morotary value measured ￿ SUrr￿￿t reliab*ty. This ¢1glm$ made under Gfft AKI. Li8billtiès are iaeognised where it is more likely than not that thor8 is a18gal or constructivo obl¥JatK)n commitbng the charity to pay out re8ourc8s and thè amoLbnt of Iho otIbJatic￿ ran be measur¥d wth rèasonatrAe certainty. Tangible fixed a88ets are ¢apitali$od rf thoy UB&J mNe than one ￿ ond tha cosls IB deemed lo material. Thay are valued at cost. The proKwty own￿. Compr￿*￿ the Church premi86s arKI th& Mans8 have been included 818 current valuattrjn. FUND ACCOUNTING EndowTnenl fvsnds are funds the capltal of which must be retsined premanenty or at the ojngregthn dis¢rètion', th8 income derived from th8 end0wm￿t is lo be used erfher as reslricled or unrèstrtctsd incom8 funds dep&nding uwn the purpose for whK* the endtrwmontW8s asIa￿L$hed in the Ikst FI￿. Restricted funds ¢ompfl$O181 income from endowments whi¢h b& expènded only c(¢ the restride￿ ¢0 Mlstlon• and 359,476 26,220 6,702 93.363 479 059 Induded at8ldl Ib £360,715 In re•peLtol to data kwjmd rnF4•c￿1 I￿hO￿a & bulldlr¥J kYol0cI 2022. 9. FIXED ASSETS Tho congregat￿n owns the Chur¢h premise$ srtuated 8t 48A Regent StreeL Newtownards. BT23 4LP. These have an insurance val¥Je of,. Church Buildings and Contents £ 2.270.514 and Church Hall BulldiThJ and Contents £1.380,914 at tast r8new21 dal* 31 OCt(￿r 2022. The mansè at 25 Manse GBt8, N•wiown8rds 8T23 4t￿ was completed In May 2022 at a cost of £394,361. The initial deposit of £19.948 was shown in the De¢ember 2021 accounts. with the b81anr* of£374.413 in this ye8r. Thi8 has gn insurance valu8 of £419,605 at the last renewal date 31 October 2022. Régistwad Chwity kn Nortwn Irelond (NIC105￿) g. FIXED AsseTS IcontEn Land & Flx1uY•s & Bulldin Vehiclgs Total 2022 Total 2021 Cost or V luati At thg Start of year Additions Revaluab"or Disp)sals Transfer8 At Ihe Bnd of yg 554.637 374.413 19,PJ) 574.427 374.413 849,479 t9.948 -29S,IXJO 929.050 19.79) 574,427 At the start of year Charged Impalm8nt Disposals Transfers At th8 8nd of 74,858 10,&34 19.79) 83,954 10,694 10,694 85.552 19. 105.342 94,648 At the Start of ￿8r 479,779 479,779 765,525 Atthe•ndof> 843,498 843,498 479 779 10. INVESYIAENT8 Unrn$trlet•d Ro•trlct•d Endowmont Funds Funds Funds 1.185 Total 2022 1.185 Tot•1 2021 1.292 Gon8ral Inv8stment Fund Prop8rty Other invottments 1.185 1.185 1.292 11. OTHER DISCLOSURES Independent examinerfs fee8 No employ90 is Poid morn Ihan £60.000 12. FUND BALANCE8 Balance at RKelpts P*yrn•nts Surplus I Dth¢lt Trnnsf•r Balanc• at •nd Fund Unrèstrlct•d Funds General Fund 1.346,681 103,030 94,245 8,785 -210,0 R•slriet•d Funds Building & Repair Fund Mlsslon and Charity fvnd5 Org8ni88tlons 117,855 1,822 3.297 82,994 356.584 .273,5 27,591 26,220 1.371 2.892 210.Crf)O 54,265 3,193 2.937 Endowment fund• Bequest Funds Total 122 974 113,117 385,696 -272,579 210,orAI 60,395 Endowm•nt Fund• Total 216,148 479.941 -263 794 120S 861 Reglstered Charity in Norhern Ireland {NIc105¢Y￿1