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2024-12-31-accounts

First Dunboe Congregation of the Presbyterian Church in Ireland

Financial Statements

Year Ended 31[st] December 2024

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 2024

Note Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2024 Total
2023
£ £ £ £ £
Receipts
Donations and legacies 2 88,070 33,526 121,596 114,472
Charitable activities 3 385 10,869 11,254 11,872
Other trading activities 4 5,391 575 5,966 7,232
Investment Income 5 544 10,998 11,542 6,592
Other Income 6 0 0 600
---------- ---------- ---------- ---------- ----------
Sub Total 94,390 55,968 0 150,358 140,768
Sale of Investments 0
Sale of fixed assets 0
Loans Received 0
---------- ---------- ---------- ---------- ----------
Total Receipts 94,390 55,968 0 150,358 140,768
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 7 0 0 0 1,700
Charitable activities 8 107,161 76,980 184,141 145,715
Investment costs 0
Other Expenditure 9 0 1,200 1,200 0
---------- ---------- ---------- ---------- ----------
Sub Total 107,161 78,180 0 185,341 147,415
Purchase of Investments 0
Purchase of fixed assets 0
Loan Repayments 0
---------- ---------- ---------- ---------- ----------
Total Payments 107,161 78,180 0 185,341 147,415
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) (12,771) (22,212) 0 (34,983) (6,647)
Transfers between funds 1,430 (1,430) 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds (11,341) (23,642) 0 (34,983) (6,647)
Funds brought forward 205,668 163,789 0 369,457 376,104
---------- --------- ---------- ---------- ----------
Funds carried forward 12 194,327 140,147 0 334,474 369,457
====== ====== ====== ====== ======

Page 1

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestritted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 205,668 163,789 (11,3411 123,642) 369,457 134,983} 376,104 {6,6471 Bank and Cash at end of year 194,327 140,147 334,474 369,457 Bank & Cash Balances Bank Accounts Cash in Hand 333,573 901 368,112 1,345 334,474 369,457 Fixed Assets - Note 10 5,921.013 5,639,061 Other Assets Investments- Note 11 Gift Aid receivable on donations 206,709 55,640 206,120 34,756 {3 years) 262,349 240,876 Liabilities HMRC Liability Minister's Mileage PAYE Services 2.250 177 48 1,476 2.475 1,476 Approved by the Kirk Session at a meeting on ty/ I2￿15 and signed on its behalf by Name &i&f7fr Ihty@r Name S LPdJtrEFcY Date L1 /J4/ Date Page 2

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Year ended 31 December 2024

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 2024 Total
2023
£ £ £ £ £
Recorded giving 84,493 29,085 113,577 105,153
Loose collections 3,427 2,430 5,858 5,683
Donations and gifts 150 2,011 2,161 3,636
Gift Aid 0 0 0 0
Legacies and bequest 0 0 0 0
---------- ---------- ---------- ---------- ----------
88,070 33,526 0 121,596 114,472
---------- ---------- ---------- ---------- ----------

Page 3

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Year ended 31 December 2024

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2024		 Total
2023
£ £ £ £ £
Income from charitable activities 385 2,852 3,237 2,956
Fundraising events 0 2,496 2,496 2,674
Membership fees 0 2,245 2,245 2,375
Grants 0 3,276 3,276 3,867
---------- ---------- ---------- ---------- ----------
385 10,869 0 11,254 11,872
---------- ---------- ---------- ---------- ----------
4.OTHER TRADING ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2024		 Total
2023
£ £ £ £ £
Trading income 5,391 575 5,966 7,232
---------- ---------- ---------- ---------- ----------
5,391 575 0 5,966 7,232
---------- ---------- ---------- ---------- ----------

5. INVESTMENT INCOME

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2024		 Total
2023
£ £ £ £ £
Bank interest 0 891 891 910
General Investment Fund 0 308 308 243
Other investment income 544 9,798 10,342 5,439
---------- ---------- ---------- ---------- ----------
544 10,998 0 11,542 6,592
---------- ---------- ---------- ---------- ----------

Page 4

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) Year ended 31 December 2024

6. OTHER INCOME

6.OTHER INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2024		 Total
2023
£ £ £ £ £
Power NI Refund 0 0 0 600
---------- ---------- ---------- ---------- ----------
0 0 0 0 600
---------- ---------- ---------- ---------- ----------
7.RAISING FUNDS
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2024		 Total
2023
£ £ £ £ £
FWO envelopes 0 0 0 1,700
---------- ---------- ---------- ---------- ----------
0 0 0 0 1,700
---------- ---------- ---------- ---------- ----------
8.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2024		 Total
2023
£ £ £ £ £
General Assembly Assessments 19,136 0 19,136 19,265
Presbytery fees 541 0 541 607
Ministry and support staff costs 60,910 24,674 85,585 58,452
Premises Costs 16,076 0 16,076 18,905
Congregational running expenses 9,437 12,390 21,827 20,781
Repairs and Maintenance 0 28,306 28,306 9,452
Donations to Missions and charities 727 11,609 12,336 17,419
Governance costs 334 0 334 834
---------- ---------- ---------- ---------- ----------
107,161 76,980 0 184,141 145,715
---------- ---------- ---------- ---------- ----------

Page 5

FIRST DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) Year ended 31 December 2024

9. OTHER EXPENDITURE

Unrestricte Restricted
Endowmen		 Total Total
d Funds Funds t Funds 2024 2023
£ £ £ £ £
Other Expenditure 0 1,200 1,200 0
---------- ---------- ---------- ---------- ----------
0 1,200 0 1,200 0
---------- ---------- ---------- ---------- ----------

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		 £
3,911,740
1,225,472
546,032
237,769
5,921,013

11. INVESTMENTS

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

2024 2023
Endowment Funds £ £
General Investment Fund 13,036 12,447
Progressive Building Society 22,585 22,585
War Stock 1,088 1,088
---------- ----------
36,709 36,120
---------- ----------
Other Investments
Progressive Building Society 170,000 170,000
---------- ----------
170,000 170,000
---------- ----------
TOTAL INVESTMENTS 206,709 206,120
====== ======
Fund Summary of Investments
Unrestricted 10,498 10,498
Youth Development 1,000 1,000
Buildings, Repairs & Maintenance 186,040 185,451
Sunday School & Bible Classes 5,452 5,452
Outreach 1,058 1,058
Stipend 2,661 2,661
---------- ----------
206,709 206,120
====== ======

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) Year ended 31 December 2024

12. FUND BALANCES

Fund Balance at
start		 Receipts Payment Surplus /
(Deficit)		 **Transfer ** Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 205,668 94,390 107,161 (12,771) 1,430 194,327
---------- ---------- ---------- ---------- ---------- ----------
205,668 94,390 107,161 (12,771) 1,430 194,327
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Buildings, Repairs & Maintenance 86,237 19,514 28,700 (9,186) 77,051
United Appeal (1,662) 9,696 10,317 (621) (2,283)
Outreach 65,247 11,040 24,531 (13,491) 51,756
Minister's Bequests 39 143 143 0 39
Samaritan's Purse 98 0 98 (98) 0
Christian Aid 274 0 0 0 274
Kids4School 0 840 100 740 740
Afternoon Bowling Club 141 305 0 305 (300) 146
Afternoon Club 210 205 164 41 (100) 151
Badminton Club 424 231 65 166 (150) 440
Bowling Club 825 270 105 165 (150) 840
Boys' Brigade 1,059 3,027 3,200 (173) (200) 686
Choir 209 0 0 0 209
CHRISM 2,109 2 1,216 (1,214) 895
Craft & Craic 100 522 285 237 (200) 137
Girls' Brigade 3,056 6,010 6,351 (341) (130) 2,585
Presbyterian Women 1,392 2,317 913 1,404 2,796
Sunday School & Bible Classes 2,883 1,008 1,335 (327) 2,556
Tots & Co. 1,148 838 657 181 (200) 1,129
---------- ---------- ---------- ---------- ---------- ----------
163,789 55,968 78,180 (22,212) (1,430) 140,147
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 369,457 150,358 185,341 (34,983) 0 334,474
======= ======= ======= ======= ======= =======

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 2024, 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

22 May 2025