SHORE STREET CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31 December 2022
Registered Charity in Northern Ireland (NIC105199)
SHORE STREET CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY
Year ending 31 December 2022
| Year ending 31 December 2022 | ||
|---|---|---|
| Receipts Note Donations and Legacies 2 Charitable activities 3 Other trading activities 4 Investment income 5 Other 6 Sale of investments Sale of fixed assets Loans received Total Receipts Payments Raising funds 7 Charitable activities 8 Investment costs Other 9 Purchase of investments Purchase of fixed assets Loan repayments Total Payments Net receipts/(payments) Transfers between funds Revaluation of fixed assets 10 Net movement of funds Funds brought forward Funds carried forward |
Unrestricted Funds Restricted Funds Endowment Funds Total 2022 |
Total 2021 |
| 246,414 128,836 0 375,251 0 11,501 0 11,501 0 0 0 0 152 339 0 491 0 0 0 0 246,566 140,676 0 387,242 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 246,566 140,676 0 387,242 767 0 0 767 256,677 78,426 0 335,103 0 0 0 0 0 0 0 0 257,444 78,426 0 335,870 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 257,444 78,426 0 335,870 -10,878 62,250 0 51,372 -35,830 35,830 0 0 90,000 0 0 90,000 43,292 98,080 0 141,372 1,088,159 382,212 0 1,470,370 1,131,451 480,292 0 1,611,743 |
312,743 4,967 0 706 0 |
|
| 318,417 | ||
| 0 0 0 |
||
| 0 | ||
| 318,417 | ||
| 809 219,139 0 0 |
||
| 219,948 | ||
| 0 0 0 |
||
| 0 | ||
| 219,948 | ||
| 98,469 0 0 |
||
| 98,469 1,371,902 |
||
| 1,470,371 |
Registered Charity in Northern Ireland (NIC105199)
SHORE STREET CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31 DECEMBER 2022
| Funds Reconciliation Funds at start of year Net movement in funds Funds at end of year Fixed Assets > Church premises > Fixtures, Fittings, Equipment > Vehicles Current Assets Gift aid receivable on donations Prepayments Investments - Note 11 Cash at bank & in hand Creditors- amounts falling due within one year Loans Other Net Current Assets Total Assets less Current Liabilities Creditors- amounts falling due after one year Total Assets / (Liabilities) |
Unrestricted Funds 1,088,159 43,292 |
Unrestricted Funds 1,088,159 43,292 |
Restricted Funds 382,212 98,080 |
Restricted Funds 382,212 98,080 |
Endowment Funds 0 0 |
Endowment Funds 0 0 |
Total 2022 1,470,371 141,372 1,611,743 875,000 6,184 0 881,184 39,407 4,055 70,730 619,643 733,834 0 3,276 3,276 730,559 1,611,743 0 1,611,743 |
Total 2021 1,371,902 98,469 |
||
|---|---|---|---|---|---|---|---|---|---|---|
| 1,131,451 | 480,292 | 0 | 1,470,371 | |||||||
| 875,000 6,184 0 |
0 0 0 |
0 0 0 |
785,000 4,596 0 |
|||||||
| 881,184 | 0 | 0 | 789,596 | |||||||
| 26,462 4,055 1,760 221,265 |
12,944 0 68,970 398,378 |
0 0 0 0 |
36,492 4,590 70,629 588,011 |
|||||||
| 253,542 | 480,292 | 0 | 699,722 | |||||||
| 0 3,276 |
0 0 |
0 0 |
0 18,947 |
|||||||
| 3,276 | 0 | 0 | 18,947 | |||||||
| 250,267 | 480,292 | 0 | 680,775 | |||||||
| 1,131,451 | 480,292 | 0 | 1,470,371 | |||||||
| 0 | 0 | 0 | 0 | |||||||
| 1,131,451 | 480,292 | 0 | 1,470,371 |
Approved by the Kirk Session at a meeting on 5 June 2023 and signed on it's behalf by: -
Mr Stephen Jamison
Mr Denzil Morrow
Registered Charity in Northern Ireland (NIC105199)
SHORE STREET CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022.
1. BASIS OF PREPARATION
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The accounts have been prepared in accordance with the Accounting and Reporting of Charities SORP in accordance with FRS102.
Income is included in the Statement of Financial Activities (SoFA) when the church becomes entitled to the resources and the monetary value can be measured with sufficient reliability. This includes claims made under Gift Aid.
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Tangible fixed assets are capitalised if they can be used for more than one year and the costs is deemed to be material. They are valued at cost. The property owned, comprising the Church premises and the Manse have been included at a current valuation.
2. DONATIONS AND LEGACIES
| a) Recorded giving b) Loose collections c) Donations and gifts d) Gift aid e) Legacies and bequests |
Unrestricted Funds Restricted Funds Endowment Funds Total 2022 176,985 84,173 0 261,158 5,924 5,832 0 11,757 380 680 0 1,060 23,575 28,151 0 51,726 39,550 10,000 0 49,550 246,414 128,836 0 375,251 |
Total 2021 |
|---|---|---|
| 256,840 4,524 2,987 48,392 0 |
||
| 312,743 |
3. CHARITABLE ACTIVITIES
| 3. CHARITABLE ACTIVITIES | ||
|---|---|---|
| a) Income from charitable activities b) Fees from weddings and funerals c) Fundraising events d) Membership fees e) Grants Organisations income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2022 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11,501 0 11,501 0 11,501 0 11,501 |
Total 2021 |
| 0 0 0 0 0 4,967 |
||
| 4,967 |
4. OTHER TRADING ACTIVITIES
| 4. OTHER TRADING ACTIVITIES | ||
|---|---|---|
| a) Letting of premises b) Trading income 5. INVESTMENT INCOME a) Deposit interest b) General Investment Fund c) Rents investment properties d) Other investment income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2022 0 0 0 0 0 0 0 0 0 0 0 0 Unrestricted Funds Restricted Funds Endowment Funds Total 2022 113 238 0 351 0 0 0 0 0 0 0 0 39 101 0 140 152 339 0 491 |
Total 2021 |
| 0 0 |
||
| 0 | ||
| Total 2021 | ||
| 97 0 0 609 |
||
| 706 |
Registered Charity in Northern Ireland (NIC105199)
6. OTHER INCOME
| a) Insurance claims b) Other income 7. RAISING FUNDS a) FWO envelopes b) Fundraising events |
Unrestricted Funds Restricted Funds Endowment Funds Total 2022 0 0 0 0 0 0 0 0 0 0 0 0 Unrestricted Funds Restricted Funds Endowment Funds Total 2022 767 0 0 767 0 0 0 0 767 0 0 767 |
Total 2021 |
|---|---|---|
| 0 0 |
||
| 0 | ||
| Total 2021 | ||
| 809 0 |
||
| 809 |
8. CHARITABLE ACTIVITIES
| a) General Assembly Assessments b) Presbytery Fees c) Ministry and support staff costs d) Congregational running expenses e) Donations to Missions and charities f) Governance costs Organisation expenses 9. OTHER EXPENDITURE Investment properties expenses |
Unrestricted Funds Restricted Funds Endowment Funds Total 2022 26,373 0 0 26,373 962 0 0 962 99,747 0 0 99,747 109,635 18,707 0 128,343 19,000 49,249 0 68,249 960 0 0 960 0 10,469 0 10,469 256,677 78,426 0 335,103 0 0 0 0 Unrestricted Funds Restricted Funds Endowment Funds Total 2022 0 0 0 0 |
Total 2021 |
|---|---|---|
| 17,838 962 82,902 61,745 50,567 960 4,165 |
||
| 219,139 | ||
| 0 | ||
| Total 2021 | ||
| 0 |
10. FIXED ASSETS
The church property, which includes the church premises at Shore Street, Donaghadee and the manse at 1 The Trees, Donaghadee, is under the control of the congregation trustees (the Kirk Session), but is held in trust for the congregation by the Education Board of the Presbytery (the holding trustees). These premises were valued in 2018 by Thomas Orr Limited and they have been included in the Balance Sheet at that valuation, accordingly no depreciation has been charged.
| Cost or Valuation At the start of year Additions Revaluations Disposals Transfers At the end of year Depreciation At the start of year Charged Impairment Disposals Transfers At the end of year Net Book Value At the start of year At the end of year |
Land & Buildings Fixtures & fittings Vehicles 785,000 17,897 0 0 3,120 0 90,000 0 0 0 0 0 0 0 0 875,000 21,017 0 0 13,301 0 0 1,532 0 0 0 0 0 0 0 0 0 0 0 14,833 0 785,000 4,596 0 875,000 6,184 0 |
Total |
|---|---|---|
| 802,897 3,120 90,000 0 0 |
||
| 896,017 | ||
| 13,301 1,532 0 0 0 |
||
| 14,833 | ||
| 789,596 | ||
| 881,184 |
In March 2023 the properties were revalued to a current value of £875,000.
Registered Charity in Northern Ireland (NIC105199)
11. INVESTMENTS
| Unrestricted | Restricted | Endowment | |||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total 2022 | Total 2021 | |
| General Investment Fund | 1,760 | 0 | 0 | 1,760 | 1,917 |
| Property | 0 | 0 | 0 | 0 | 0 |
| Other investments | 0 | 68,970 | 0 | 68,970 | 68,712 |
| 1,760 | 68,970 | 0 | 70,730 | 70,629 | |
| 12. OTHER DISCLOSURES | |||||
| Fees for examination of the accounts | |||||
| Independent examiner's fees | 600 | 600 | |||
| Staff costs | |||||
| No employee is paid more than £60,000 |
13. FUND BALANCES
| Fund Balance at start Receipts Payments Surplus / (Deficit) Unrestricted Funds FWO/General Fund 1,088,159 246,566 257,444 -10,878 Restricted Funds Building & Repair Fund 6,584 1,542 0 1,542 New Building Fund 271,641 47,745 0 47,745 United Appeal 2,576 15,082 16,567 -1,485 Presbyterian Orphan & Childrens Soc 0 175 175 0 Christian Aid 0 3 308 -305 Church History Book 0 73 0 73 Ministerial Benevolent Fund 0 1,060 0 1,060 World Development 1,021 4,483 4,166 316 Payroll giving - Girls Brigade 4,560 3,840 4,392 -552 Moderators Appeal 0 6,649 6,034 615 Kenya Fund 0 75 75 0 Tear Fund 0 190 467 -278 Food Store 11,727 17,043 12,497 4,547 Harvest Appeal 165 7,687 0 7,687 Youth Workers 0 980 994 -14 Investment Funds 70,629 101 0 101 Bequest Holding Fund 0 0 0 0 Anon Gift # 1 6,100 0 0 0 Overseas Fund 0 25 0 25 Stewardship Fund 0 0 0 0 Leprosy Mission 0 0 0 0 Flower Fund 40 575 825 -250 Burundi YADA 978 20,140 19,785 355 Jordan 13 0 0 0 Student Bursary Fund 0 270 270 0 Shelter UK 203 1,410 1,403 8 Misc 0 28 0 28 Sunday School Fund 0 0 0 0 Boys Brigade 1,552 7,475 6,283 1,193 Good to Go 1 0 0 Girls Brigade 1,942 2,512 2,595 -82 Helping Hands 0 0 0 0 Indoor Bowling 2 0 0 0 Presbyterian Women 2,349 1,408 1,457 -50 Tear Fund 129 106 135 -29 Total 382,212 140,676 78,426 62,250 Endowment Funds 0 0 0 0 Total 1,470,371 387,242 335,870 51,372 |
Revaluation Transfer Balance at end |
|---|---|
| 90,000 -35,8301,131,451 |
|
| 0 3,916 12,042 0 0 319,387 0 0 1,091 0 0 0 0 308 3 0 0 73 0 0 1,060 0 0 1,338 0 0 4,008 0 -615 0 0 0 0 0 308 30 0 0 16,274 0 -7,833 20 0 14 0 0 0 70,730 0 39,550 39,550 0 0 6,100 0 -25 0 0 0 0 0 0 0 0 210 0 0 0 1,332 0 0 13 0 0 0 0 25 235 0 -28 0 0 0 0 0 0 2,744 0 0 1 0 0 1,859 0 0 0 0 0 2 0 0 2,300 0 0 100 |
|
| 0 35,830 480,292 |
|
| 0 0 0 |
|
| 90,000 0 1,611,743 |
Registered Charity in Northern Ireland (NIC105199)