DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND Financial Statements for the year ended 31 December 2022 Reglstered Charity in Northern Ireland {NIC1051871
DRUMLOUGH CONGREGATION OF THE PRESBITERIAN CHURCH IN IRELAND STATEMENT OF FINANaAL Acrivrry (Receipts and Payments Account) for the year ended 310ecember 2022 Note Unrestrfrted Funds Restrl¢ted Funds Endowment FuNIs Total 2022 Total 2021 Receipts Direct Giving Other Income Investment Income 48.403.34 1,228.12 618.58 49.942.22 8,041.49 98,345.56 9,269.61 618.58 87,335.02 9,861.49 587.81 Sale of Investments Sale of fixed assets Loans Received Totsl Re¢elpts 50,250.04 57,983.71 108,233.75 97,784.32 Payments Charltable actlvltles: Mission of the Congregation - tknnatlons to Mi5sion5 & Chorltles Property & Equlpment Income Generatlon & Governance 5 141,625.981 1623.211 142,249.191 (21.330.631 11,200.001 19,746.841 110,946,84} 18.095.751 13,552.531 119,569.981 123,122.511 160,498.691 1798.601 1798.601 11,274.CtIl Purchase of Investments Purchase of flxed assets Loan Repayment5 Total Pdyrnents {47,177.111 129,940.031 177,117.141 191,199.071 Net receipts / Ipaymentsl Transfers between f unds 3.072.93 275.(Kl 14,150.CQI 28.043.68 8,145.20 14,270.201 31,116.61 6,585.25 8,420.20 22.092.37 18,420.201 {22,092.37) In out Net movement in funds Funds brought forward 2021 Adjustment to credit uncashed cheque back to Sunday School Account & Fund Balances Funds brought forward (Gdjusted to Bank & Cosh bulances only) 1802.071 22,804.68 31,918.68 208,257.97 31,116.61 6,585.25 38,800.00 269,862.65 263,227.40 li 22,804.68 208,257.97 38,800.00 269,862.65 263,277.40 Funds carried forward 22,002.61 240.176.65 38,800.00 3(X1,979.26 269,862.65 io
DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND UABILITIES As at 31 December 2022 Unrestricted Funds Restrirted Funds Endowment Total Funds Total Funds Fun(ts 2022 2021 Funds Re¢Mciliation Bank and Cash at start of year (see 2021 adjustrnentotendof SOFAJ 22,804.68 208,257.97 38,800.00 269,862.65 263,277.40 Net movement in funds 1802.07) 31.918.68 31,116.61 6,585.25 Bankand Cash at end of year 22.002.61 240,176.65 38AOO.00 300,979.26 269.862.65 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 38,800.00 262,164.82 14.44 38,800.00 231,015.21 47.44 300,979.26 269,862.65 Other Assets Fixed Assets Note 9 - Church Premises - Fixtures, Fitting5 & Equipment Investments - Note 10 534,600.00 1,353.00 256.64 540,200.00 1,697.50 279.63 Gift Aid receivable on donation5 13,427.54 11,851.13 549,637.18 554.028.26 Liabilltles Loans Other Approved by the Klrk Session at a meeting on and signed on its behalf bv [Name] [Namel [Datel Z6-1-LoL) {Datel li
DRUMLOUGH CONGREGATION OF THE pRES8ERlAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregatlon is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulatlons (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's dlscretion, the income derived f rom the endowment is to be used either as restricted or unrestrlcted income funds depending upon the purpose for which the endowment wa5 established in the flrst place. Restrirted 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 specif ic congregational activity intended bythe donor. Where these funds have unspent balances, Interest on their pooled investment IS apportioned to the indlvldual funds on an average balance basis. UnrestrScted 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. 2. DIREcf GIVING Umestrlcted Funds Restrlcted Funds Endowment Funds Total 2022 Totsl 2021 Regular giving Gifts, Bequests & Donatlons 47,163.46 1,239.88 46,368.97 3,573.25 93,532.43 4,813.13 82,199.13 5,135.89 48,403.34 49,942.22 98,345.56 87,335.02 12
DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 3. OTHER INCOME Unrestrfcted Funds Restrlcted Funds Endowment Fund5 Total 2022 Total 2021 Congregational Activities Other Sources 371.00 1,905.15 6,136.34 2,276.15 6,993.46 1,496.00 8,365.49 857.12 1,228.12 8,041.49 9,269,61 9,861.49 4. INVESTMENT INCOME Umestrlcted Funds Restricted Funds Endowment Funds Totsl 2022 Total 2021 Deposit interest General Investment Fund Dividend 612.91 612.91 582.35 5.67 5.67 5.46 618.58 618.58 587.81 5. MISSION OF THE CONGREGATION {(haritable Acitivities) Unrestricted Funds Restrirted Funds Endowrnent Funds Total 2022 Total 2021 Central Assessments Ministerfs Stlpend & Expenses Other Ministry Staff Costs Support Staff Costs Congregational Activities Other Local Costs 4,359.08 28,204.11 1,749.tK] 2,160,(KI 3,175.41 1,978.38 4,359.08 28,204.11 1,749.00 2,160.00 3,767.62 2,009.38 4,698.00 2,624.18 9,379.75 2,040.00 1,999.74 588.96 592.21 31.00 41,625.98 623.21 42,249.19 21,330.63 13
Presbyte DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 6. DONATIONS TO MISSIONS & CHARITIES Icharltable Acltivltles) Unrestrlcted Funds Restrlcted Funds Endowment Fund5 Total 2022 Total 2021 United Appeal Other PCI Schemes 5,135.00 2,644.57 1,967.27 5,135.00 3,244.57 2,567.27 5,448.00 2,028.75 619.00 Other Missions & Charities 600.00 1,200.00 9,746.84 10,946.84 8,095.75 7. PROPERTY & EQUIPMENT Unrestricted Funds Restricted Funds Endowment Fun(ts Total 2022 Total 2021 Utilities & Equipment Repairs & Maintenance Insurances 3,535.73 3,535.73 16,095.00 3,491.78 3,562.47 53,266.20 3,670.02 16,095.00 3,474.98 16.80 3,552.53 19,569.98 23,122.51 60,498.69 8. INCOME GENERATION & GOVERNANCE Unrestrictsd Funds Restricted Funds Endowment Fund5 Total 2022 Total 2021 Income Generation Governance 539.40 539.40 902.00 259.20 259.20 372.00 798.60 798.60 1,274.00 14
DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 FIXED ASSETS The congregation owns the Church premises situated at Raffertys Hill, Hillsborough, Co Down, BT26 6QB a nd the associated fixtures, fittings, and equipment. The Church Premlses comprise: a} church building and surrounding graveyard bl church hall and car park on opposite side of the road cl New church hall site (under construttionl dl Manse property adjacent to graveyard The value stated on the Stotement of A55et5 & knobilities under Flxed Assets - Church Premlses only reflects a combined a mount: for the land In Ibl professional va luation (revised Sep. 2019) & (cl cost price, plus a depreclated amount for Idl professional va luation. The buildings In la} & Ibl were constructed In the 19th century and have been included at a zero book value. The combined sum insured for all of the above (including contents) 15 £2,818,235.83 as at last renewal date, 31st Ortober 2022. The value stated on the Statement of Assets & knabilities under Fixed Assets - Flxtures, Flttlngs & Equlpmert reflects a combined, depreciated amount for flxed assets less than 10 years old. io. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation as at 3111212022. 2022 2021 General Investment Fund (James Hanna Bequest) 256.64 279.63 256.64 279.63 11. 2021 ADJUSTMENT TO CREDIT UNCASHED CHEQUE BACK TO SUNDAY SCHOOL ACCOUNT & FUND BA The figure of £50 in 2021 column concern5 a Sunday School uncashed cheque, detailed in last year's accounts notes. 15
DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREIAND NOTES TO THE ACCOUNTS Iconvdl 31 December 2022 12, FUND BALANCES Net Transfers In l(Out) Balance at Start Balarte at Furnl Recelpts Pdyment Surplug 1 IDeflcitl Ufftstrlcted Funds General Fund 22,804.68 50,250.04 147,177.11) 3,072.93 13,875.¢xJI 22,002.61 22,81yI.68 50.250.04 (47,177.111 3,072.93 13,875.IJ)1 22,002.61 Restrfcted Funds Building & Repair New Hall Unlted Appeal World Development Appeal TEAR Fund Moderatorfs Appeal Children's Day RetIrI Offerings HaNest Mldweek Fellowshlp Sunday School/CUCK Choir Graveyard Youth Fellowship Bowling aub C.E. (Junior) T3ble Tennls aub v.i.p. aub 46,992.84 10,898.84 151,050.36 32,596.65 58.50 5,576.50 118,425.781 {7,526.941 11,144.201 31.452.45 15.135.001 441.50 39,465.90 7,054.68 189,557.49 500.00 632.50 1632.501 3.00 1.375.00 740.00 1.123.75 2,(K)5.20 1203.521 11,375.001 1200.521 200.52 740.00 {1,273.751 1150.001 2,005.20 1740.MI 150.00 12,1)05.201 li 919.32 1,002.42 4,747.26 220.27 118.66 211.93 {722.31) 1722.311 740.lyj 937.01 1.002.42 5.297.26 220.27 173.66 211.93 158.45 1,153.67 1,498,59 1,550.00 1,550.00 11,000.IM)I 180.00 180.00 1125.CK)I 113.45 170.00 141.70 990.57 170.00 76.30 28.00 1125.00} 1175.001 1100.001 1,252.37 1,570.59 165.40) 1962.57) 208,257.97 57,983.71 (29,940.031 28,043.68 3,875.00 240,176.65 16
DRUMLOUGH CONGREGATION OF THE PRES8YfERIAN CHURCH IN IRELAND NOTE5 TO THE ACCOUNTS Iconydl 31 December 2022 Endowment Funds Henry McAdam Bequest Jane Hamilton Bequest David Gibson Samuel Carruth William Young Memorial Annie Gourley Mary Heslip John A Jess George Wilkinson loo.00 200.00 1,000.00 500.00 500.00 500.00 i.000.00 30,000.00 5,000.00 loo.00 200.00 1,000.00 500.00 500,00 500.00 i.000.00 30,000.00 5,000.00 38.800.00 38,800.00 Total 269,862.65 108,233.75 177,117.141 31,116.61 O.¢)J 300,979.26 17