an
FIRST DONAGHADEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY
for the year ended 31 December 2023
Note
Unrestricted Restricted
Funds
Funds
Total
2023
Total
2022
Recelpts
Donations and legacies
Charitable activities
Other trading activities
Investment Income
Other
355,598
2,595
15,473
12,609
22,543
378,141
2,595
22,305
13,788
87,156
3,894
12,824
4,188
6,833
1,179
Total Recelpts
386,275
30,554
416,829
118,062
Payments
Raising funds
Charitable activities
399
73,803
399
118,369
544
94,678
44,566
Total payments
74,202
44,566
118,768
95,222
Net recelpts
Transfers between funds
Increase/ldecreasel in value of
investments
312,073
15011
16,8641
114,0121
501
298,061
22,840
16,864)
4,472
Surplus for the year
304,708
113,5111
291,197
27,312
Funds brought forward
44,420
65,988
110,408
83,096
Funds carried forward
349,128
52,477
401,605
110,408

an
FIRST DONAGHADEE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
BALANCE SHEET as at 31 December 2023
Note
2023
2022
Flxed Assets
Tan8ible assets
450,000
450,000
Investments
io
412,692
112,926
862,692
562,926
Current Assets
Cash at bank and in hand
103,997
105,936
103,997
105,936
Credltors: amounts falllng due withln one year
Net Current Assets
103,997
105,936
Net Assets
966,689
668,862
Charlty funds
Restricted funds
52,477
65,988
Unrestricted fund5
914,212
602,874
Total charlty funds
966,689
668,862
th
Approved by the Kirk Session at a meeting on 16 April 2025 and signed on its behalf by..
xand&r
To
Johnston
Trustee
10

an
FIRST DONAGHADEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
Year ended 31 December 2023
ACCOUNTING POLICIES
The financial statements have been prepared in accordance with applicable accounting standards,
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland IFRS 102), the Charitie5 Act (Northern Ireland) 2008, Charities Act
(Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and
UK Generally Accepted Accounting Practice.
The financial statements have been prepared on a going concern basis a5 the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level of
income and expenditure for 12 months from authorising these financial statements. The budgeted income
and expenditure is sufficient with the level of resources for the charity to be able to continue as a going
concern.
The charity has applied Update Bulletin l as published on 2 February 2016 and doe5 not include a cash
flow statement on the grounds that it is applying FRS 102 Section IA.
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 la} 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 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.
INCOME
Plate Collections and weekly envelopes are accounted for on a cash receipts basis as the amount is
collected.
11

Presbyter
an
FIRST DONAGHADEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
Year ended 31 December 2023
I. ACCOUNTING POLICIES (continued)
Legacies are included within income under either unrestricted or restricted funds according to the terms
under which the donation is made, For legacies, entitlement is the earlierof the charity being notified of
an impending distribution orthe legacy being received
Income from trading activities includes income earned from fundraising events and trading activities to raise
fund5 for the charity. Income is received in exchange for supplying goods and services in order to raise
funds and is recognised when entitlement has occurred.
Investment income is earned through holding assets for investment purposes such as shares, unit trusts
and property. It includes dividends, interest and rent. Where it is not practicable to identify investment
management costs incurred within a scheme with reasonable accuracy the investment income is
reported net of these costs. Interest and dividendstogetherwith anyreclaimabletaxcredits areincluded
intheaccountsas received. Rent is included in the accounts when it is receivable.
EXPENDITURE
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all
costs related to the category. Expenditure is reco8nised once there is a legal or constructive obligation
to make a payment to a third party, it is probable that settlement will be required and the amount of the
obligation can be measured reliably.
HERrrAGE ASSErs
The congregation owns the Church premises situated at 20 High Street, Donaghadee. This building is
deemed to be a heritage asset as defined by the Charities SORP 2019 IFRS 1021.
The heritage asset is not included on the balance sheet as information on the cost or valuation is not
available and such information cannot be obtained at a cost commensurate with the benefit to the users
of the accounts and to the Church.
TANGIBLE FIXED ASSETS
Tangible fixed assets are stated at cost if the cost is at least £1,000.
It is the view of the Trustees that the Manse is a 'residential home" for valuation purposes. It is
currently unoccupied by the Minister and is being used to obtain rental income.
The Manse is carried in the accounts at the Trustees, valuation.
Equipment is depreciated on a straight line basis over the life of the asset.
12

an
FIRST DONAGHADEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
Year ended 31 December 2023
DONATIONS AND LEGACIES
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Recorded giving..
Donations and gifts
348,422
18,853
367,275
76,606
G ift Aid
7,176
3,690
10,866
10,550
355,598
22,543
378,141
81,156
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Fundraising events
2,595
2,595
3,894
OTHER TRADING ACTIVITIES
Unrestricted Restricted
Funds
Funds
Total
2023
Total
2022
Letting of premises
15,473
6,832
22,305
22,824
INVESTMENT INCOME
Unrestricted Restricted
Funds
Funds
Total
2023
Total
2022
Deposit interest
Other investment income
117
12,492
1,179
1,296
12,492
107
4,081
12,609
1,179
13,788
4,188
13

an
FIRST DONAGHADEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
Year ended 31 December 2023
RAISING FUNDS
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
FWO envelopes
399
399
544
CHARITABLE AcfiviTIES
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational runni ng expenses
Donations to Missions and charities
Governance costs
37,954
497
14,784
20,967
37,954
497
14,784
55,385
10,148
35,967
722
15,065
26,530
16.938
34,417
10,148
74,202
44,566
118,768
95,222
HERITAGE ASSETS
The congregation owns the Church premises situated at 20 High Street, Donaghadee. This building is deemed to
be a heritage asset as defined by the Charities SORP 2019 IFRS 1021.
The heritage asset is not included on the balance sheet as information on the cost or valuation is not available
and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts
and to the Church.
14

an
FIRST DONAGHADEE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {cont'd)
Year ended 31 December 2023
FIXED ASSETS
Manse
Equlpment
Total
Costlvaluatlon
At l January 2023 and at 31 December 2023
450,000
2,000
452,000
Depreclatlon
2,000
2,000
At l January 2023 and at 31 December 2023
2,000
Net book value:
At 31 December 2023
450,000
450,000
At 31 December 2022
450,000
450,000
10. FIXED ASSET INVESTMENTS
Listed
investments
Other
investments
Total
Cost or valuation
At l January 2023
Additions
Drawdown
Revaluation
At 31 December 2023
112,926
300,000
112,926
300,000
16,8641
412,692
16,8641
412,692
15

an
FIRST DONAGHADEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {cont'd)
Year ended 31 December 2023
11. PENSION COSTS
The Minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme
{20091, 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 employer's
pension for the Scheme and based on the stipend paid to the Minister. The amount contributed by
assessment in the year ended 31SI December 2023 was £4,767.
12. RELATED PARTY TRANSACTION
One of the Trustees received remuneration as Minister of the Church. The remuneration received in the
year ended 315t December 2023 was £19,862 and expenses of £4,083. Pension contribution5 of £4,767
were paid by the congregation in respect of the Minister to the Presbyterian Church in Ireland Pension
Scheme120091.
16