## 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: - examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008 - to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act - to state whether particular matters have come to my attention. ## **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: - (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 63 of the Charities Act and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2008 have not been met or - (2) to which, in my opinion, further information is required in order to enable a proper understanding of the accounts to be reached. Olive K Wallace ACMA, CGMA OK Wallace Accountancy and Bookkeeping 101 Coolyvenny Road Coleraine BT51 3SF 1 May 2024