REGENT STREET CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND Financial Statements for the year ended 31 December 2023 Registered ChaTIty In Northern Iland (NIC105068)
REGENT STREET CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL Acnvrry Year ending 31 December 2023 Unreslrlcted Restricted Endowment Funds Funds Funds 155,460 47.779 2.681 Recelpts Donations and Legacies Charitable activities Other trading activities Investment income Other Note Total 2023 203,239 2,681 1.227 4,189 141 211.476 Total 2022 154,749 59,904 810 681 1.227 4.189 141 161.016 50,460 216,148 Gain on investm@nts Gain on sale of fixed assets Total Rocelpts 161.016 50,460 211,476 216,148 Payments Raising funds Charitable activities Investm8nt costs Other 882 479,059 143.141 40.207 183,348 143,986 40.207 184,193 479,941 Loss on investments Loss on sale of fixed assets Total Payments 143,986 40.207 184,193 479,941 Net receiptsi(payments) Transfers between funds 17.030 600 10,253 -600 27,283 -263,793 Net movement of funds Funds brought forward 17,630 1,145,467 9.653 60,395 27,283 1,205,862 -263,793 1,469,655 Funds carried forward 1.163,097 70,048 1.233,145 1.205,862 Registered Charity in Northem Ireland {NIC105068)
REGENT STREET CONGREGATION OF THE PREBYfERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31 DECEMBER 2023 Unrestricted Restricted Endowment Funds Funds Funds Total 2023 Total 2022 Funds ReconGlllatlon Funds at start of year Net movement in funds 1.145,467 17,630 60.395 9,653 1,205,862 27,283 1,469,655 -263,793 Funds at end of year 1,163.097 70,048 1,233,145 1,205,862 Fixed Assets
Church premises 824.917 843,498 Fixtures, FIngS, Equipment Vehicles 4.386 829,303 843.498 Current Assets Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Organisations Cash in Hand 387,267 2.560 161 389.988 346.025 2,937 135 349,097 Gift aid receivable on donations Prepayments Investments - Note 10 9,171 3,991 1,293 404,443 8,962 3,720 1,185 362,964 Creditors - amounts fallin due within one ear Loans Oth8r 600 600 600 600 Net Current Assets 403.843 382,364 Total Assets less Current Liabilltles 1,233,145 1,205,862 Credftors - amounts fallln due after one ear Total Assets I Llabllltles 1,233,145 1,205,862 Approved by the Kirk Session at a meeting on 06 May 2024 and Sdned on irs behalF by. - Lr(llGJ Rev Anne Tolland (Minister) Mr lan MacDonald (Clerk of Kirk Session) Registered Charity in Norlhem Ireland (NIC105068)
REGENT STREET CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 1. BASIS OF PREPARArnN As the total irthme Of u)ruggation in 2W20 vrds Ilw £2.(th) th8 c£ryrJ&kn h1 ID it5 aCCnts on an accrua15 basLs. in lin8 Wth th6 [0175 in Th Charthes Regu (Ncthffl I[1) 2015. The SBm8 ba Is SUII fdlowj. The accounts have en prepai8iJ in accordm with Ihe AccounlKYJ a Rep)riiThJ d Chaiili•s SORP In accordance with FRS102. Income is Induded in thè Ststem9nt of Finanaal Acbvitss ISOFAI when Ihe church becom 8ntiW lo the resources and monetary value can be Measur wilh Tlts cludeS claims mad& undèr Gfftd. abilities are rg¢ogni8ed where rt i8 more likely Ihan rK)t thgt there is a W or construcbve obligatn committing the charity lo pay out rosourc8s arKI the amount of thg OtAyatKJn ¢an be measured vAth reasonab certainty. T8ngible fixed assets are ¢apH81i88d rf they can t• 8 fry mNe than crf Jwr arKI ts o)sls ijeemed to be materlBI. They 8fe valued at cosL The wopety thvned, nSIrJ Ihe ChLY¢h premi%es and the Manse hav& bg$n Included at a cutrent valuatk)n. FUND ACCOUNTING Endowment funds are fvNJ$ the ¢apit81 of which must te retshi [ernarty N at thè f>)ngregation's di$cretion,' Ihe incomè derived from thg ondowmont is lo be used eithar as r¥$Ir or unrestricted Incomo funds d&pending upon th8 PLWPO8t lor which the endmnwrt was estsbliBhed kn the Ikst pkn. R98tri¢ted lunds compdselo) income from erthments whth * to be exp8TrJed onty on restrlcted purpoB8S int8nd•d by tha donor and Ibl r8v•nu• donations or grants for a sp8ufic congrega1)n actlvity inlandgd by the donor. Where thes8 funds h8ve unspent balances, wrternsl th¢ir Investment is appottoned to the Indlvidual funds on an average baLance basis. Unrestricted funds are incorne furK13 vthKh are to b8 the congregalionS W030. D8signgt funds ar8 ggnoral set asida by tho CoJr¢9•Im for usa in Iho fUre. 2. DONATIONS AND LE¢UCIES Unr••trf¢t•d RMtrkt•d Endowm•Trt Funds Funds Fund¥ Totsl 2023 Totsl 2022 Rcfdod gknThJ. Lwso colb¢ikfj Donadonsand g 1.856 96.447 18.023 39.134 1,856 136,364 2S.885 39.134 203.239 39,917 7.862 128,793 25,4S2 Gffta Ltyacie¥ and tyesls 47.779 3. CHARITABLE ACTMTIES Unw••trlrt R•strlet•d EndoMn•nt Funds Fund¥ Funds 2,681 Total 2023 2.681 Total 2022 2.532 al Inwne from ehorIlab KlvlO88 bl Fees IrTrm VJdIngS ILi¥ cl Fundratskng dl Membersh+p lees 81 Grants 57.372 2.681 2.681 59,904 4. OTHER TRADING ACnVITIES Funds 1.227 Funds Funds Total 2023 1227 Total 2022 810 al LetbrvJ of rorri bl TradirvJ income 1.227 1.227 810 Reglered Clwity in Nortwn IrElal INIC105068}
- INVESTMEKf INCOIIE Funds 4.057 Fund$ Funds Total 2023 4,057 25 Total 21)22 761 26 al Dgtthlt inter88t bl G8n8rd Investment F cl Ren15 inv8slm8nt propwb85 dl Other invesknent 107 4,189 107 OThER INCQME Fund4 Fund¥ Fund T)tal 2D23 Total 2022 al In8ufBnc8 bl Other Inc4Jrn8 141 141 141 141
- RAISING FUND8 Unrestrlcted R•stylct•d Endowm•nt Fund• Fund• Fund• Total 2023 Total 2022 882 al FWO gnvelopo9 bl Fwidrnisirva wents
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CHARITABLE ACTWMES Fund• 17.632 971 Fund• Fund• Totsl 2023 17.632 971 Totsi 2022 13,493 878 37,916 388,519 34.470 3.783 al G8n8ral Ass•MYAl9•$lm bl Presbyt8ry Fo88 cl Mlnlslry and suppjrt stsff costs dl CorrfJr8galonal runnir*J 8xpen806 el Dcfialon8 tts MISBI(¥w 8nd ¢harld•B fj Gov¢rr¥Jrt• ccéts 48,524 17,835 22.372 66.359 28.822 143.141 40.207 183.348 479.059 Induded at 8(dl 16 £370,115 in re8P•Lt d c¢1 kn dat• vth¥, Iwthg & 8uTrJry J1119 kO wolo¢t 2022. g. FIXED A88ET8 Th9 congregation own8 the Churth premi8es srtU8ted at 48A Regenl Slr88( Nthwtthvnard$, BT23 4LP. These have an insurance Val tst Church Buiklings and Contorrts £ 2,440.803 and Churth Ham BuikthrvJ arKI Contents £1,484.483 at last renewal data 31 October 2023. Th8 n8w manse at 25 Mans& Gats. N8vrtownards BT23 4DG was compl8ted In May 2022 at a cost of£394,381. The Initial deposit of £19.948 w8s sFK)wn in the 2021 accounts. with the bal8n¢¢ 01£374,413 in 2022. This has an insuranc¢ v8lue of£451,075 at the last r8n¢w81 dats 31 October 2023. Rrytered Ctwrity in Nc¥h8m IrelaThJ INIC105LWI
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FIXED ASSETS Iconllnuodl. Land & Flxturns & Bulldl Vehlclès Total 2023 Total 2022 Cost oi Valuatk>n At the start of year Addthorns Revaluatton5 Disp08als Transfer5 Atth8 8nd of 19,7 5.160 574,427 374,413 5,160 929.050 24.9Y) 954,000 948,840 Al the start of year Charged Impairm8nl Di5POsa15 Tran8f8rs Atthe end ofiwr 85,552 18.581 105.342 19.355 774 10,694 104,133 124,697 105,342 At the start of year 843,498 479 779 Aithè ond ofar 824,917 829.303 843,498
- INVE8TMENT8 Funds 1,293 Fund• Fund¥ Totsl 2023 Total 2022 1,185 Genersl In¥tMent Fund Propety 1,293 1.185
- OTHER DISCLOSURES Independent examlnerfs f888 No ampk)ye• Is pald rmr• than £60,IXKI
- FUND BALA14¢ES Balan at RK¢lpts PlnaThts Surplus I Trnnsf•r 8alanc• at •nd Fund Unr0$trI¢t Funds G8nèral Fund 161018 1163 097 RtrIcted Fund4 Building & Rapair Fund Mission and ChantyfiJnd5 Org4nwtr)r 54.265 3.193 2.937 16,087 22.372 1.748 61.662 5,827 25.oc 1.971 2.634 223 Endowm•nt funds Bequest Funds Total 60,39S 50,460 40.207 10.253 00 End¢)wm•nt Fund¥ Total 211476 27.283 1.233,145 Reg*twed Ch8rity in Norhern Ireland {NIC1050681