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2022-12-31-accounts

First Dunboe Congregation of the Presbyterian Church in Ireland

Financial Statements

Year Ended 31[st] December 2022

NIC 105377

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022

Note Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2022 Total
2021
£ £ £ £ £
Receipts
Donations and legacies 2 98,307 34,392 132,699 137,695
Charitable activities 3 335 9,509 9,844 4,418
Other trading activities 4 4,844 2,175 7,019 6,523
Investment Income 5 41 1,934 1,975 1,796
Other Income 6 0 0 0 2,648
---------- ---------- ---------- ---------- ----------
Sub Total 103,527 48,010 0 151,537 153,080
Sale of Investments 0
Sale of fixed assets 0 566,957
Loans Received 0
---------- ---------- ---------- ---------- ----------
Total Receipts 103,527 48,010 0 151,537 720,037
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 7 3,368 0 3,368 0
Charitable activities 8 94,855 45,639 140,494 76,437
Investment costs 30 30 0
Other Expenditure 9 0 1,296 1,296 150
---------- ---------- ---------- ---------- ----------
Sub Total 98,223 46,966 0 145,188 76,587
Purchase of Investments 170,000 170,000
Purchase of fixed assets 368,252 368,252
Loan Repayments 0
---------- ---------- ---------- ---------- ----------
Total Payments 98,223 585,218 0 683,440 76,587
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) 5,305 (537,208) 0 (531,903) 643,450
Transfers between funds (3,710) 3,710 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds 1,595 (533,498) 0 (531,903) 643,450
Funds brought forward 222,691 685,316 0 908,007 264,557
---------- --------- ---------- ---------- ----------
Funds carried forward 12 224,286 151,818 0 376,104 908,007
====== ====== ====== ====== ======

Page 1

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF AssFfs AND LIABILITIES As at 31 December 2022 Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 222,691 685,316 1,595 {533,498) 908,007 (531,9031 264,557 643,450 Bank and Cash at end of year 224,286 151,818 376,104 908,007 Bank & Cash Balances Bank Accounts Cash in Hand 374,651 1,453 907,442 565 376,104 908,007 Fixed Assets- Note 10 5,245,639 4,916,339 Other Assets Investments- Note 11 Gift Aid receivable on donations Refund of Rent deposit for Manse 205,087 20,000 750 36,110 20,000 225,837 56,110 Approved by the Kirk Session at a meeting on and signed on its behalf by Name Name 6¢ /a. Date Date

FIRST DUNBOE 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 to prepare its accounts on a receipts and payments basis, in accordance with the provisions in The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.

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
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2022 Total
2021
£ £ £ £ £
Recorded giving 80,438 22,166 102,604 107,847
Loose collections 2,371 4,169 6,539 2,154
Donations and gifts 1,050 2,211 3,261 2,490
Gift Aid 14,448 5,847 20,295 21,704
Legacies and bequest 0 0 0 3,500
---------- ---------- ---------- ---------- ----------
98,307 34,392 0 132,699 137,695
---------- ---------- ---------- ---------- ----------

Page 3

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
Income from charitable activities 285 1,387 1,672 323
Fees from weddings and funerals 50 0 50 130
Fundraising events 0 1,408 1,408 0
Membership fees 0 1,915 1,915 1,365
Grants 0 4,800 4,800 2,600
---------- ---------- ---------- ---------- ----------
335 9,509 0 9,844 4,418
---------- ---------- ---------- ---------- ----------

4. OTHER TRADING ACTIVITIES

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
Trading income 4,844 2,175 7,019 6,523
---------- ---------- ---------- ---------- ----------
4,844 2,175 0 7,019 6,523
---------- ---------- ---------- ---------- ----------

5. INVESTMENT INCOME

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
Bank interest 0 1,643 1,643 1,450
General Investment Fund 0 12 12 15
Other investment income 41 279 320 331
---------- ---------- ---------- ---------- ----------
41 1,934 0 1,975 1,796
---------- ---------- ---------- ---------- ----------

Page 4

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2022

6. OTHER INCOME

6.OTHER INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
Other income 0 0 0 2,648
---------- ---------- ---------- ---------- ----------
0 0 0 0 2,648
---------- ---------- ---------- ---------- ----------
7.RAISING FUNDS
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
FWO envelopes 3,368 0 3,368 0
---------- ---------- ---------- ---------- ----------
3,368 0 0 3,368 0
---------- ---------- ---------- ---------- ----------
8.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
General Assembly Assessments 18,609 0 18,609 10,500
Presbytery fees 612 0 612 504
Ministry and support staff costs 54,156 11 54,167 15,245
Premises Costs 14,777 0 14,777 11,505
Congregational running expenses 4,902 10,968 15,869 8,390
Repairs and Maintenance 0 17,167 17,167 9,726
Donations to Missions and charities 1,000 17,494 18,494 19,767
Governance costs 800 0 800 800
---------- ---------- ---------- ---------- ----------
94,855 45,639 0 140,494 76,437
---------- ---------- ---------- ---------- ----------

Page 5

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2022

9. OTHER EXPENDITURE

Unrestricte Restricted Endowmen Total Total
d Funds Funds t Funds 2022 2021
£ £ £ £ £
Loan Interest 0 0 0 0
Other Expenditure 0 1,296 1,296 150
---------- ---------- ---------- ---------- ----------
0 1,296 0 1,296 150
---------- ---------- ---------- ---------- ----------

10. FIXED ASSETS

The congregation owns the Church premises situated at St Paul's Road, Articlave BT51 4UN and the associated fixtures, fittings, plant and machinery.

The congregation also owns the Church manse and Sexton's house

These have an insurance value of :-
Church
Church Hall
Manse
Sexton's House		 £
3,465,550
1,085,690
483,750
210,649
5,245,639

11. INVESTMENTS

The congregation has the following investments. Amounts are shown at market valuation.

2,022 2,021
Endowment Funds £ £
General Investment Fund 11,414 12,437
Progressive Building Society 192,585 22,585
War Stock 1,088 1,088
---------- ----------
TOTAL INVESTMENTS 205,087 36,110
---------- ----------
Fund Summary of Investments
Unrestricted 10,498 10,498
Youth Development 1,000 1,000
Buildings, Repairs & Maintenance 184,418 15,441
Sunday School & Bible Classes 5,452 5,452
Outreach 1,058 1,058
Stipend 2,661 2,661
---------- ----------
205,087 36,110
====== ======

War Stock redemption has been delayed pending proof of ownership.

Page 6

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2022

12. FUND BALANCES

Fund Balance at
start		 Receipts Payment Surplus /
(Deficit)		 Transfer Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 222,691 103,527 98,222 5,305 (3,710) 224,286
---------- ---------- ---------- ---------- ---------- ----------
222,691 103,527 98,222 5,305 (3,710) 224,286
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Buildings, Repairs & Maint 615,498 11,645 555,956 (544,311) 4,840 76,027
United Appeal (565) 9,832 11,479 (1,647) 2,212 0
Outreach 54,531 11,396 1,396 10,000 (2,212) 62,319
Moderator's Appeal 0 200 200 0 0
Students' Bursary Fund 0 999 701 298 298
Kidney Research 0 1,020 1,020 0 0
Minister's Bequest 39 11 11 0 39
Afternoon Bowling Club 135 235 235 370
Afternoon Club 275 87 30 57 (150) 182
Badminton Club 323 0 0 0 323
Bowling Club 839 270 85 185 (200) 824
Boys' Brigade 1,993 2,340 3,547 (1,207) (200) 586
Samaritan's Purse 0 722 624 98 98
Choir 209 0 0 0 209
CHRISM 1,876 1,454 1,617 (163) 1,713
Craft & Craic 55 199 22 177 (150) 82
Girls' Brigade 4,030 4,266 4,685 (419) (130) 3,481
Presbyterian Women 2,192 2,023 2,651 (628) (200) 1,364
Sunday School & Bible Classes 2,929 686 630 56 2,985
Tots & Co. 957 625 564 61 (100) 918
---------- ---------- ---------- ---------- ---------- ----------
685,316 48,010 585,218 (537,208) 3,710 151,818
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 908,007 151,537 683,440 (531,903) 0 376,104
======= ======= ======= ======= ======= =======

Page 7

Independent examiner’s report to the trustees of First Dunboe Congregation of The Presbyterian Church in Ireland

I report on the accounts of the Charity for the year ended 31 December 2022, which are set out on pages 1 to 7.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. The charity’s trustees consider that an audit is not required for this year under section 65(2) of the Charities Act (Northern Ireland) 2008 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9) (b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met or

Olive K Wallace ACMA, CGMA OK Wallace Accountancy and Bookkeeping 101 Coolyvenny Road Coleraine BT51 3SF

16 March 2023