DRUMBO CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31 December 2022
Registered Charity in Northern Ireland (NIC105236)
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DRUMBO CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022
| Note | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | 106,165 | 50,495 | 0 | 156,660 | 153,491 |
| Charitable activities | 3 | 0 | 3,380 | 0 | 3,380 | 1,620 |
| Other trading activities | 4 | 1,655 | 20,692 | 0 | 22,347 | 8,382 |
| Investment Income | 5 | 149 | 147 | 0 | 296 | 288 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 107,969 | 74,714 | 0 | 182,683 | 163,781 | |
| ---------- | --------- | ---------- | ---------- | ---------- | ||
| Payments | ||||||
| Raising funds | 7 | 401 | 0 | 0 | 401 | 357 |
| Charitable activities | 8 | 113,065 | 91,988 | 0 | 205,053 | 132,446 |
| Other | 9 | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 113,466 | 91,988 | 0 | 205,454 | 132,803 | ||
| Purchase of fixed assets | 0 | 0 | 0 | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Payments | 113,466 | 91,988 | 0 | 205,454 | 132,803 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net receipts / (payments) | (5,497) | (17,274) | 0 | (22,771) | 30,978 | |
| Investments revalued | ||||||
| Transfers between funds | (3,218) | 3,218 | 0 | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | (8,715) | (14,056) | 0 | (22,771) | 30,978 | |
| Funds brought forward | 25,813 | 21,400 | 0 | 47,213 | 16,235 | |
| Deduct non cash/bank | ||||||
| related Endowment Funds | 0 | 0 | 0 | 0 | 0 | |
| (see note 13) | ||||||
| ---------- | --------- | ---------- | ---------- | ---------- | ||
| Funds carried forward | 12 | 17,098 | 7,344 | 0 | 24,442 | 47,213 |
| ====== | ====== | ====== | ====== | ====== |
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DRUMBO CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022
| As at 31 December 2022 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | Funds | Funds | |
| 2022 | 2021 | ||||
| £ | £ | £ | £ | £ | |
| Funds Reconciliation | |||||
| Bank and Cash at start of year | 25,813 | 21,400 | 0 | 47,213 | 16,235 |
| Deduct non cash/bank related | |||||
| Endowment Funds (see note 13) | 0 | 0 | |||
| Net movement in funds | (8,715) |
(14,056) | 0 | (22,771) | 30,978 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Bank and Cash at end of year | 17,098 | 7,344 | 0 | 24,442 | 47,213 |
| ======- | ======= | ======= | ======= | ======= | |
| Bank & Cash Balances | |||||
| Ulster Bank Business Loan | 0 | (882) | |||
| Bank Current Accounts | 24,442 | 48,095 | |||
| Cash in Hand | 0 | 0 | |||
| ---------- | ---------- | ||||
| 24,442 | 47,213 | ||||
| ======= | ======= | ||||
| Other Assets | |||||
| Fixed Assets – Note 10 | |||||
| - Buildings - value insured | 3,871,189 | 3,601,107 | |||
| - Fixtures, Fittings & Equipment | 5,000 | 2,524 | |||
| - Vehicles | 0 | 0 | |||
| Investments – Note 11 | 12,856 | 14,008 | |||
| Gift Aid receivable on donations | 8,635 | 8,823 | |||
| ---------- | ---------- | ||||
| 3,897,680 | 3,626,462 | ||||
| ======= | ======= | ||||
| Liabilities | |||||
| Loans | 0 | 0 | |||
| No other known liabilities | 0 | 0 | |||
| ---------- | ---------- | ||||
| 0 | 0 | ||||
| ======= | ======= |
Approved by the Kirk Session at a meeting on 21st March 2023 and signed on its behalf by
Denis Currie Rev Adrian McLernon
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DRUMBO CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2022
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports) Regulations (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 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 (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) 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.
2. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Recorded giving: | |||||
| Loose collections | 441 | 462 | 0 | 903 | 472 |
| Donations and gifts | 88,838 | 42006 | 0 | 130,844 | 125,797 |
| Gift Aid | 16,886 | 8,027 | 0 | 24,913 | 26,722 |
| Legacies and bequests | 0 | 0 | 0 | 0 | 500 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 106,165 | 50,495 | 0 | 156,660 | 153,491 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
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DRUMBO CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS 31 December 2022
3. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Income from charitable activities | |||||
| Weddings and funerals | 0 | 0 | 0 | 0 | 0 |
| Fundraising events | 0 | 3,100 | 0 | 3,100 | 1,620 |
| Membership fees | 0 | 280 | 0 | 280 | 0 |
| Grants | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 0 | 3,380 | 0 | 3,380 | 1,620 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 4. OTHER TRADING ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Letting of premises | 1,295 | 0 | 0 | 1295 | 152 |
| Graveyard income | 0 | 20,260 | 0 | 20,260 | 8,230 |
| Sale of magazines and hoodies | 360 | 432 | 0 | 792 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 1,655 | 20,692 | 0 | 22,347 | 8,382 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 5. INVESTMENT INCOME | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 0 | 2 | 0 | 2 | 2 |
| General Investment Fund | 140 | 145 | 0 | 285 | 273 |
| Wayleave | 9 | 0 | 0 | 9 | 13 |
| Other investment income | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 1349 | 147 | 0 | 296 | 288 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
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DRUMBO CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont’d) 31 December 2022
6. OTHER INCOME
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Insurance claims | 0 | 0 | 0 | 0 | 0 |
| Other income | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 0 | 0 | 0 | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
7. PAYMENTS FOR RAISING FUNDS
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| FWO envelopes | 401 | 0 | 0 | 401 | 357 |
| Fundraising events | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 401 | 0 | 0 | 401 | 357 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
8. PAYMENTS FOR CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| General Assembly Assessments | 11,090 | 0 | 0 | 11,090 | 10,768 |
| Presbytery fees | 808 | 0 | 0 | 808 | 790 |
| Ministry and support staff costs | 72,889 | 0 | 0 | 72,889 | 70,064 |
| Congregational running expenses | 28528 | 66,964 | 0 | 95,492 | 35,791 |
| Donations to Missions & charities | 0 | 25,024 | 0 | 25,024 | 15,033 |
| Governance costs | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 113,315 | 91,988 | 0 | 205,303 | 132,446 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
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DRUMBO CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
9. OTHER EXPENDITURE
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Investment properties expenses | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 0 | 0 | 0 | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
10. FIXED ASSETS
The congregation owns the church premises with adjacent graveyard situated at 123 Drumbo Road, the new hall at 122 Drumbo Road, the sexton’s house at 124 Drumbo Road and the manse at 70 Pinehill Road, Drumbo, together with the associated fixtures, fittings, plant and machinery. These have an insurance value of £3,876,189.
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| P.C.I. General Investment Fund | 12,856 | 14,008 |
| Property | 0 | 0 |
| Other investments | 0 | 0 |
| ---------- | ---------- | |
| 12,856 | 14,008 | |
| ---------- | ---------- |
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DRUMBO CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont’d) 31 December 2022
12. FUND BALANCES
| Fund | Balance | Receipts | Payment | Surplus / | Transfers | Balance |
|---|---|---|---|---|---|---|
| at start | (Deficit) | and Adjs. | at end | |||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| General Fund | 25,813 | 107,969 | 113,466 | 20,316 | (3,218) | 17,098 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 25,813 | 107,969 | 113,466 | 20,316 | (3,218) | 17,098 | |
| ---------- | ---------- | ---------- | ---------- | --------- | ---------- | |
| Restricted Funds | ||||||
| Congregational Property Funds | 15,207 | 45,409 | 62,501 | (1,885) | 0 | (1,885) |
| Cong. Missions & Charities Funds | 1,169 | 23,613 | 23,727 | 1,055 | 2,813 | 3,868 |
| Cong. Organisations Funds | 5,024 | 5,495 | 5,258 | 5,261 | 100 | 5,361 |
| Sunday School | 0 | 197 | 502 | (305) | 305 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 21,400 | 74,714 | 91,988 | 4,126 | 3,218 | 7,344 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Endowment Funds | ||||||
| Permanent Endowments | 0 | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| ---------- | ----------- | ----------- | ----------- | ----------- | ---------- | |
| Total | 47,213 | 120,123 | 205,454 | 24,442 | 0 | 24,442 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |
13. ENDOWMENT FUNDS
The congregation has reviewed the basis on which it prepares its accounts and in order that these are prepared on a strict receipts and payments basis it has eliminated from its fund balances any funds which are not held in bank or cash balances. Any other funds, which the congregation holds, in particular investments, are disclosed on the Statement of Assets and Liabilities .
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