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2023-12-31-accounts

First Dunboe Congregation of the Presbyterian Church in Ireland

Financial Statements

Year Ended 31[st] December 2023

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 2023

Note Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2023 Total
2022
£ £ £ £ £
Receipts
Donations and legacies 2 85,874 28,598 114,472 132,699
Charitable activities 3 349 11,523 11,872 9,844
Other trading activities 4 4,957 2,275 7,232 7,019
Investment Income 5 286 6,306 6,592 1,975
Other Income 6 600 0 600 0
---------- ---------- ---------- ---------- ----------
Sub Total 92,066 48,702 0 140,768 151,537
Sale of Investments 0
Sale of fixed assets 0
Loans Received 0
---------- ---------- ---------- ---------- ----------
Total Receipts 92,066 48,702 0 140,768 151,537
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 7 1,700 0 1,700 3,368
Charitable activities 8 103,879 41,836 145,715 140,494
Investment costs 0 0 0 30
Other Expenditure 9 0 0 0 1,296
---------- ---------- ---------- ---------- ----------
Sub Total 105,579 41,836 0 147,415 145,188
Purchase of Investments 0 170,000
Purchase of fixed assets 0 368,252
Loan Repayments 0 0
---------- ---------- ---------- ---------- ----------
Total Payments 105,579 41,836 0 147,415 683,440
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) (13,513) 6,866 0 (6,647) (531,903)
Transfers between funds (5,105) 5,105 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds (18,618) 11,971 0 (6,647) (531,903)
Funds brought forward 224,286 151,818 0 376,104 908,007
---------- --------- ---------- ---------- ----------
Funds carried forward 12 205,668 163,789 0 369,457 376,104
====== ====== ====== ====== ======

Page 1

FIRST DUNBOE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 un￿strICted Restricted Endowment Funds Funds Funds Total 2023 Total 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 224,286 (18,618) 151,818 11,971 376,104 908,007 16,647) {531,903) Bank and Cash at end of year 205,668 163,789 369,457 376,104 Bank k Cash Balances Bank Accounts Cash in Hand 368,112 1,345 374,651 1,453 369,457 376,104 Fixed Assets- Note 10 5,639,061 5,245,639 Other Assets Investments - Note 11 Gift Aid receivable on donations (2 years) 206,120 34,756 205,087 20,000 240,876 225,087 Liabilities HMRC Liability 1,476 1,476 Approved by the Kirk Session at a meeting on /t4/fvJ 172¢ and signed on its behalf by Name Id6 Date Date IS Pffic

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023

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 2023 Total
2022
£ £ £ £ £
Recorded giving 82,104 23,050 105,154 102,604
Loose collections 3,691 1,992 5,683 6,539
Donations and gifts 80 3,556 3,636 3,261
Gift Aid 0 0 0 20,295
---------- ---------- ---------- ---------- ----------
85,874 28,598 0 114,472 132,699
---------- ---------- ---------- ---------- ----------

Page 3

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Income from charitable activities 349 2,608 2,956 1,671
Fees from weddings and funerals 0 0 0 50
Fundraising events 0 2,674 2,674 1,408
Membership fees 0 2,375 2,375 1,915
Grants 0 3,867 3,867 4,800
---------- ---------- ---------- ---------- ----------
349 11,523 0 11,872 9,844
---------- ---------- ---------- ---------- ----------

4. OTHER TRADING ACTIVITIES

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Trading income 4,957 2,275 7,232 7,019
---------- ---------- ---------- ---------- ----------
4,957 2,275 0 7,232 7,019
---------- ---------- ---------- ---------- ----------

5. INVESTMENT INCOME

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Bank interest 0 910 910 1,643
General Investment Fund 0 243 243 252
Other investment income 286 5,153 5,439 80
---------- ---------- ---------- ---------- ----------
286 6,306 0 6,592 1,975
---------- ---------- ---------- ---------- ----------

Page 4

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

6. OTHER INCOME

6.OTHER INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Power NI Refund 600 0 600 0
---------- ---------- ---------- ---------- ----------
600 0 0 600 0
---------- ---------- ---------- ---------- ----------
7.RAISING FUNDS
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
FWO envelopes 1,700 0 1,700 3,368
---------- ---------- ---------- ---------- ----------
1,700 0 0 1,700 3,368
---------- ---------- ---------- ---------- ----------
8.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
General Assembly Assessments 19,265 0 19,265 18,609
Presbytery fees 607 0 607 612
Ministry and support staff costs 58,377 75 58,452 54,167
Premises Costs 18,905 0 18,905 14,777
Congregational running expenses 4,630 16,152 20,781 15,868
Repairs and Maintenance 260 9,192 9,452 17,167
Donations to Missions and charities 1,001 16,418 17,419 18,494
Governance costs 834 0 834 800
---------- ---------- ---------- ---------- ----------
103,879 41,836 0 145,715 140,494
---------- ---------- ---------- ---------- ----------

Page 5

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

9. OTHER EXPENDITURE

Unrestricte Restricted Endowmen Total Total
d Funds Funds t Funds 2023 2022
£ £ £ £ £
Other Expenditure 0 0 0 1,296
---------- ---------- ---------- ---------- ----------
0 0 0 0 1,296
---------- ---------- ---------- ---------- ----------

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 :-

These have an insurance value of :-
Church
Church Hall
Manse
Sexton's House		 £
3,725,466
1,167,117
520,031
226,447
5,639,061

11. INVESTMENTS

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

2023 2022
Endowment Funds £ £
General Investment Fund 12,447 11,414
Progressive Building Society 22,585 22,585
War Stock 1,088 1,088
---------- ----------
36,120 35,087
---------- ----------
Other Investments
Progressive Building Society
Buildings, Repairs & Maintenance 170,000 170,000
---------- ----------
170,000 170,000
---------- ----------
TOTAL INVESTMENTS 206,120 205,087
====== ======
Fund Summary of Investments
Unrestricted 10,498 10,498
Youth Development 1,000 1,000
Buildings, Repairs & Maintenance 185,451 184,418
Sunday School & Bible Classes 5,452 5,452
Outreach 1,058 1,058
Stipend 2,661 2,661
---------- ----------
206,120 205,087
====== ======

Note

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 2023

12. FUND BALANCES

Fund Balance at
start		 Receipts Payment Surplus /
(Deficit)		 **Transfer ** Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 224,286 92,066 105,579 (13,513) (5,105) 205,668
---------- ---------- ---------- ---------- ---------- ----------
224,286 92,066 105,579 (13,513) (5,105) 205,668
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Buildings, Repairs & Maintenance 76,027 14,984 9,731 5,253 4,957 86,237
United Appeal 0 8,310 11,254 (2,944) 1,282 (1,662)
Outreach 62,319 8,124 5,196 2,928 65,247
Student's Bursary Fund 298 0 298 (298) 0
Minister's Bequests 39 75 75 0 39
Samaritan's Purse 98 0 98
Christian Aid 0 274 274 274
Sports Academy 0 854 1,500 (646) 646 0
Afternoon Bowling Club 370 345 24 321 (550) 141
Afternoon Club 182 386 208 178 (150) 210
Badminton Club 323 281 30 251 (150) 424
Bowling Club 824 252 101 151 (150) 825
Boys' Brigade 586 2,889 2,216 673 (200) 1,059
Choir 209 0 0 0 209
CHRISM 1,713 1,684 1,288 396 2,109
Craft & Craic 82 432 264 168 (150) 100
Girls' Brigade 3,481 4,352 4,647 (295) (130) 3,056
Presbyterian Women 1,364 3,429 3,201 228 (200) 1,392
Sunday School & Bible Classes 2,985 1,054 1,156 (102) 2,883
Tots & Co. 918 977 647 330 (100) 1,148
0 0
---------- ---------- ---------- ---------- ---------- ----------
151,818 48,702 41,836 6,866 5,105 163,789
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 376,104 140,768 147,415 (6,647) 0 369,457
======= ======= ======= ======= ======= =======

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 2023, 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

1 May 2024