DUNLUCE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to Accounts
DUNLUCE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Trustees Annual Report and Financial Statements for the year ended 31 December 2022
Registered Charity in Northern Ireland (NIC105338)
DUNLUCE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to Accounts
Statement of Financial Activity (Receipts and Payments Account)
As at 31 December 2022
| Note Receipts Donations & Legacies 2 Charitable Activities 3 Other trading income 4 Investment Income 5 Other 6 Total Receipts Payments Raising funds 7 Charitable activities 8 Total payments Net receipts / (payments) Funds brought forward (restated) 10 Internal Transfers 10 Funds carried forward 10 |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 75916 12384 674134 762434 81231 3075 4029 0 7104 3717 0 0 0 0 0 630 19 786 1435 570 277 782 0 1059 257 |
|---|---|
| 79898 17214 674920 772032 85775 |
|
| 983 0 0 983 946 62752 29029 70000 161781 76827 |
|
| 63735 29029 70000 162764 77773 |
|
| 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 0 0 0 0 0 |
OUNLUCZ CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to .4ccounts Presbyter an StaEemeDt of .4&sets and Liabilities As at 31 December 2021 I".nrestricted Reslricted Endoivment Totsl Total Funds Funds Fjjllds 2022 2021 Funds Reconeiliation Bank & Cash at start of the year Net rnovement in fifftds Intemal Trdnst"er 90; 126224 126601 11815 -377 Bank & Cash at end of year 96141 6049?0 7?4708 1262?4 Bank & Cash Baknnces Bank Deposit Accounts Bank Current Accounts 96141 23647 6049?0 7?4708 126224 96141 6049?0 724708 126224 Other Assets Church Premises Fixtures, Fittings & Equipment Investments- Note 11 4146862 40000 71144 Gift Aid receivable on donations 4258006 Liabilities Loans Other Approved bv the KÉrk Session at a m¢¢ting on 29 Mak 20?) and signal on its behalf by Signed: Name: Name:
DUNLUCE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to Accounts
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250,000 the congregation has 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.
DUNLUCE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to Accounts
2. DONATIONS AND LEGACIES
| Recorded giving: Loose Collections Donations and Gifts Gift Aid Legacies and bequest |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 63649 9880 0 73529 69785 1241 831 0 2072 407 0 70 0 70 0 11026 1603 0 12629 10539 0 0 674134 674134 500 |
|---|---|
| 75916 12384 674134 762434 81231 |
3. CHARITABLE ACTIVIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Income from charitable | |||||
| activities | 3075 | 0 | 0 | 3075 | 645 |
| Fees from weddings and | |||||
| funerals | 0 | 400 | 0 | 400 | 1400 |
| Fundraising events | 0 | 1927 | 0 | 1927 | 1132 |
| Membership fees | 0 | 1502 | 0 | 1502 | 0 |
| Grants | 0 | 200 | 0 | 200 | 540 |
| 3075 | 4029 | 0 | 7104 | 3717 |
DUNLUCE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to Accounts
| 4. | OTHER TRADING | ACTIVIES | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| Letting of premises | 0 | 0 | 0 | 0 | 0 | |
| Trading Income |
0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 |
5. INVESTMENT INCOME
| Deposit Interest General Investment Fund Rent Investment properties Other Investment Income |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 0 19 786 805 96 630 0 0 630 475 0 0 0 0 0 0 0 0 0 0 |
|---|---|
| 630 19 786 1435 571 |
6. OTHER INCOME
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Insurance claims | 0 | 0 | 0 | 0 | 0 |
| Other Income |
277 | 782 | 0 | 1059 | 256 |
| 277 | 782 | 0 | 1059 | 256 |
DUNLUCE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to Accounts
7. RAISING FUNDS
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| FWO envelopes | 983 | 0 | 0 | 983 | 946 |
| Fundraising events |
0 | 0 | 0 | 0 | 0 |
| 983 | 0 | 0 | 983 | 946 |
8. CHARITABLE ACTIVITIES
| General Assembly Assessments Presbytery Fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 13185 0 0 13185 13242 514 0 0 514 593 43018 1250 0 44268 45003 2144 25649 0 27793 15758 3791 2130 70000 75921 2131 100 0 0 100 100 |
|---|---|
| 62752 29029 70000 161781 76827 |
DUNLUCE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to Accounts
9 OTHER EXPENDITURE
| Investment properties expenses |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 0 0 0 0 0 |
|---|---|
| 0 0 0 0 0 |
10. FIXED ASSETS
The congregation owns the Church premises situated at Priestland Road, Bushmills and the associated fixtures, fittings, plant and machinery. The following are as of 31[st] October 2022 - The Church, including the attached buildings, have insurance of £2,312,745 in place and the adjacent Church Hall has an insured value of £1,291,624. The insurance value of the church and church hall includes contents cover. The Manse building has insurance of £542,493.
11 INVESTMENTS
The congregation has the following investments. Amounts are shown at market valation
| he congregation has the following investments. Amounts | are shown at market valation | |
|---|---|---|
| Total | Total | |
| 2022 | 2021 | |
| £ | £ | |
| General Investment Fund | 71144 | 71144 |
| Property | 0 | 0 |
| Other Investments | 0 | 0 |
| 71144 | 71144 |
DUNLUCE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Notes to Accounts
12 FUND BALANCES
| Unrestricted Funds General Fund Total Restricted Funds Building Fund Sunday School Presbyterian Woman Girls Brigade Youth Fellowship Badminton Bowling Club Catering TOP Total Endowment Funds Endowment Total Total |
Balance at start Receipts Payment Surplus / (Deficit) Transfer In Transfer Out Balance at end £ £ £ £ £ 90762 79898 74322 5379 0 197 96141 |
|---|---|
| 90762 79898 74322 5379 0 197 96141 |
|
| 15798 12170 22856 -10686 0 0 5112 1526 224 1151 -730 197 0 796 1923 1986 2135 -149 0 0 1774 5883 2413 2580 -167 0 0 5716 246 122 147 -25 0 0 221 603 92 100 -8 0 0 595 323 1 30 -29 0 0 294 9100 9 30 -21 0 0 9079 60 0 0 0 0 0 60 |
|
| 35462 17017 29029 -11815 197 0 23647 |
|
| 0 674920 70000 604920 0 0 604920 |
|
| 0 674920 70000 604920 0 0 604920 |
|
| 126224 183577 173351 598484 197 197 724708 |