SHORE STREET CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31 December 2023
Registered Charity in Northern Ireland (NIC105199)
SHORE STREET CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY
Year ending 31 December 2023
| Year ending 31 December 2023 | ||
|---|---|---|
| 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 2023 |
Total 2022 |
| 220,162 85,436 0 305,599 15 9,086 0 9,101 1,100 0 0 1,100 813 7,439 0 8,252 0 0 0 0 222,090 101,961 0 324,052 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 222,090 101,961 0 324,052 661 0 0 661 179,627 63,984 0 243,611 0 0 0 0 0 0 0 0 180,288 63,984 0 244,272 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 180,288 63,984 0 244,272 41,802 37,977 0 79,780 821 -821 0 0 0 0 0 0 42,624 37,156 0 79,780 1,131,454 480,289 0 1,611,742 1,174,077 517,445 0 1,691,522 |
375,251 11,501 0 491 0 |
|
| 387,242 | ||
| 0 0 0 |
||
| 0 | ||
| 387,242 | ||
| 767 335,103 0 0 |
||
| 335,870 | ||
| 0 0 0 |
||
| 0 | ||
| 335,870 | ||
| 51,372 0 0 |
||
| 51,372 1,560,371 |
||
| 1,611,743 |
Registered Charity in Northern Ireland (NIC105199)
SHORE STREET CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31 DECEMBER 2023
| 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 1,131,454 42,624 |
Unrestricted Funds 1,131,454 42,624 |
Restricted Funds 480,289 37,156 |
Endowment Funds 0 0 |
Total 2023 1,611,743 79,780 1,691,523 875,000 3,872 0 878,872 38,330 4,600 71,409 699,060 813,398 0 748 748 812,651 1,691,523 0 1,691,523 |
Total 2022 1,560,371 51,372 |
|
|---|---|---|---|---|---|---|---|
| 1,174,077 | 517,445 | 0 | 1,611,743 | ||||
| 875,000 3,872 0 |
0 0 0 |
0 0 0 |
875,000 6,184 0 |
||||
| 878,872 | 0 | 0 | 881,184 | ||||
| 28,772 4,600 1,919 417,607 |
9,558 0 69,490 281,453 |
0 0 0 0 |
39,407 4,055 70,730 619,643 |
||||
| 452,897 | 360,501 | 0 | 733,834 | ||||
| 0 748 |
0 0 |
0 0 |
0 3,276 |
||||
| 748 | 0 | 0 | 3,276 | ||||
| 452,150 | 360,501 | 0 | 730,559 | ||||
| 1,331,022 | 360,501 | 0 | 1,611,743 | ||||
| 0 | 0 | 0 | 0 | ||||
| 1,331,022 | 360,501 | 0 | 1,611,743 |
Approved by the Kirk Session at a meeting on 6th June 2024 and signed on it's behalf by: -
Mr Gareth Bell
Mr Maurice McAuley
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 2023.
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 2023 172,658 61,996 0 234,653 9,899 4,097 0 13,996 420 7,392 0 7,812 36,686 11,951 0 48,636 500 0 0 500 220,162 85,436 0 305,599 |
Total 2022 |
|---|---|---|
| 261,158 11,757 1,060 51,726 49,550 |
||
| 375,251 |
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 2023 15 825 0 840 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,261 0 8,261 15 9,086 0 9,101 |
Total 2022 |
|---|---|---|
| 0 0 0 0 0 11,501 |
||
| 11,501 |
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 2023 1,100 0 0 1,100 0 0 0 0 1,100 0 0 1,100 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 775 6,761 0 7,536 0 0 0 0 0 0 0 0 37 679 0 716 813 7,439 0 8,252 |
Total 2022 |
|---|---|---|
| 0 0 |
||
| 0 | ||
| Total 2022 |
||
| 351 0 0 140 |
||
| 491 |
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 2023 0 0 0 0 0 0 0 0 0 0 0 0 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 661 0 0 661 0 0 0 0 661 0 0 661 |
Total 2022 |
|---|---|---|
| 0 0 |
||
| 0 | ||
| Total 2022 |
||
| 767 0 |
||
| 767 |
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 2023 17,832 0 0 17,832 1,074 0 0 1,074 100,075 0 0 100,075 39,362 26,478 0 65,840 20,175 27,263 0 47,438 1,110 0 0 1,110 0 10,243 0 10,243 179,627 63,984 0 243,611 0 0 0 0 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 0 0 0 0 |
Total 2022 |
|---|---|---|
| 26,373 962 99,747 128,343 68,249 960 10,469 |
||
| 335,103 | ||
| 0 | ||
| Total 2022 |
||
| 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 Presbyterian Church in Ireland Holding Trustee Company (the holding trustees). These premises were valued in 2023 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 875,000 21,017 0 0 0 0 0 0 0 0 0 0 0 0 0 875,000 21,017 0 0 14,833 0 0 2,312 0 0 0 0 0 0 0 0 0 0 0 17,145 0 875,000 6,184 0 875,000 3,872 0 |
Total |
|---|---|---|
| 896,017 0 0 0 0 |
||
| 896,017 | ||
| 14,833 2,312 0 0 0 |
||
| 17,145 | ||
| 881,184 | ||
| 878,872 |
Registered Charity in Northern Ireland (NIC105199)
11. INVESTMENTS
| Unrestricted | Restricted | Endowment | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total 2023 | 2022 | |
| General Investment Fund | 1,919 | 0 | 0 | 1,919 | 1,760 |
| Property | 0 | 0 | 0 | 0 | 0 |
| Other investments | 0 | 69,490 | 0 | 69,490 | 68,970 |
| 1,919 | 69,490 | 0 | 71,409 | 70,730 | |
| 12. OTHER DISCLOSURES | |||||
| Fees for examination of the accounts | |||||
| Independent examiner's fees | 630 | 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 1,131,454 222,090 180,288 41,802 Restricted Funds Building & Repair Fund 12,042 13,687 2,033 11,654 New Building Fund 319,387 14,853 3,144 11,709 United Appeal 1,091 14,099 14,099 Presbyterian Orphan & Childrens Soc 0 200 200 Christian Aid 3 6 6 Church History Book 73 825 2,103 -1,279 Ministerial Benevolent Fund 1,060 423 175 248 World Development 1,338 2,113 2,018 95 Payroll giving - Girls Brigade 4,008 3,920 2,345 1,575 Moderators Appeal 0 150 150 Kenya Fund 0 0 Tear Fund 30 308 98 210 Food Store 16,274 12,065 12,920 -855 Harvest Appeal 20 8,364 8,364 Youth Workers 0 2,923 2,923 0 Investment Funds 70,730 679 679 Bequest Holding Fund 39,550 0 Anon Gift # 1 6,100 2,000 -2,000 Overseas Fund 0 50 50 Stewardship Fund 0 0 Leprosy Mission 0 0 Flower Fund 0 933 785 148 Burundi YADA 1,332 17,057 19,584 -2,527 Jordan 13 0 Shelter UK 235 999 3,564 -2,565 Misc 0 50 50 0 Boys Brigade 2,744 3,937 4,902 -966 Girls Brigade 1,859 2,903 3,347 -444 Presbyterian Women 2,300 1,151 1,817 -666 Tear Fund - Mission Task Force 100 270 177 93 Total 480,289 101,961 63,984 37,978 Endowment Funds 0 0 0 0 Total 1,611,743 324,052 244,272 79,780 |
Revaluatio n Transfer Balance at end |
|---|---|
| 0 821 1,174,077 |
|
| 0 4,129 27,825 0 -1,110 329,986 0 50 15,240 0 0 200 0 0 9 0 2,103 897 0 -530 778 0 0 1,433 0 -2,000 3,583 0 0 150 0 0 0 0 0 240 0 0 15,419 0 -8,259 125 0 0 0 0 0 71,409 0 0 39,550 0 -1,000 3,100 0 -50 0 0 0 0 0 0 0 0 0 148 0 3,475 2,280 0 0 13 0 2,370 40 0 0 0 0 0 1,779 0 0 1,416 0 0 1,634 0 0 193 |
|
| 0 -821 517,445 |
|
| 0 0 0 |
|
| 0 0 1,691,523 |
Registered Charity in Northern Ireland (NIC105199)