## Hazelbank Congregation of the Presbyterian Church in Ireland ## Financial Statements Year Ended 31[st] December 2023 NIC 105540 ## **HAZELBANK 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|103,425|57,279||160,705|155,137| |Charitable activities||3|370|3,534||3,904|3,642| |Investment Income||4|1,456|91||1,547|7| |Other Income||5|700|0||700|250| ||||----------|----------|----------|----------|----------| |Sub Total|||105,951|60,904|0|166,855|159,036| |Sale of Investments||||||0|| |Sale of fixed assets||||||0|| |Loans Received||||||0|| ||||----------|----------|----------|----------|----------| |**Total Receipts**|||105,951|60,904|0|166,855|159,036| ||||----------|----------|----------|----------|----------| |**Payments**|||||||| |Raising funds||6|485|51||536|518| |Charitable activities||7|101,764|42,305||144,069|146,688| |Investment costs||||||0|| |Other Expenditure||8|0|0||0|557| ||||----------|----------|----------|----------|----------| |Sub Total|||102,249|42,356|0|144,605|147,763| |Purchase of Investments||||||0|| |Purchase of fixed assets||||||0|12,544| |Loan Repayments||||||0|| ||||----------|----------|----------|----------|----------| |**Total Payments**|||102,249|42,356|0|144,605|160,307| ||||----------|----------|----------|----------|----------| |Net receipts / (payments)|||3,702|18,548|0|22,250|(1,271)| |Transfers between funds|||550|(550)||0|0| ||||----------|----------|----------|----------|----------| |Net movement in funds|||4,252|17,998|0|22,250|(1,271)| |Funds brought forward|||119,513|98,638|0|218,151|219,422| ||||----------|---------|----------|----------|----------| |Funds carried forward||11|123,765|116,636|0|240,401|218,151| ||||======|======|======|======|======| Page 1 HAZELBANK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND UABIUTIES As at 31 December 2023 Fun(ts Funds Total 2023 Totsl 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 119.513 4,252 98.638 17.998 218,151 22,250 219,423 11,272) Bank and Cash at end of year 123.765 116.636 240,401 218,151 Bank & Cash Balances Bank Accounts Cash in Hand 240,364 37 218,048 103 240,401 218,151 Flxed Assets - Note 9 3,856,507 3.587,449 Other Assets Investments- Note 10 Gift Aid receivable on donations 3,172 25,365 3,134 25,917 28,537 29,051 Approved by the Kirk Session at a meeting on 121¢*712 Name Name and signed on its behalf by Date I i16>21o* Date Page 2 ## **HAZELBANK 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|81,315|34,528||115,844|117,714| |Loose collections|1,363|10,343||11,705|9,955| |Donations and gifts|930|5,551||6,481|1,736| |Gift Aid|19,818|6,857||26,675|25,732| ||----------|----------|----------|----------|----------| ||103,425|57,279|0|160,705|155,137| ||----------|----------|----------|----------|----------| Page 3 ## **HAZELBANK 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|370|1,182||1,552|1,532| |Membership fees|0|1,152||1,152|610| |Grants|0|1,200||1,200|1,500| ||----------|----------|----------|----------|----------| ||370|3,534|0|3,904|3,642| ||----------|----------|----------|----------|----------| ## **4. INVESTMENT INCOME** ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Endowment**
**Funds **|
**Total 2023**|**Total**
**2022**| |---|---|---|---|---|---| ||£|£|£|£|£| |Bank interest|1,456|91||1,547|7| ||----------|----------|----------|----------|----------| ||1,456|91|0|1,547|7| ||----------|----------|----------|----------|----------| ## **5. OTHER INCOME** Other income ||**Unrestricted**
**Funds**||**Restricted**
**Funds**||**Endowment**
**Funds **|
**Total 2023**||**Total**
**2022**| |---|---|---|---|---|---|---|---|---| |£||£||£||£|£|| ||700||0|||700||250| ||----------||----------||----------|----------||----------| ||700||0||0|700||250| ||----------||----------||----------|----------||----------| Page 4 ## **HAZELBANK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023** ## **6. RAISING FUNDS** |**6.RAISING FUNDS**|||||| |---|---|---|---|---|---| ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Endowment**
**Funds **|
**Total 2023**|**Total**
**2022**| ||£|£|£|£|£| |FWO envelopes|485|0||485|| |Fundraising events|0|51||51|518| ||----------|----------|----------|----------|----------| ||485|51|0|536|518| ||----------|----------|----------|----------|----------| |**7.CHARITABLE ACTIVITIES**|||||| |**7.CHARITABLE ACTIVITIES**|||||| |---|---|---|---|---|---| ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Endowment**
**Funds **|
**Total 2023**|**Total**
**2022**| ||£|£|£|£|£| |General Assembly Assessments|18,733|0||18,733|18,897| |Presbytery fees|614|0||614|606| |Ministry and support staff costs|62,869|0||62,869|59,888| |Premises Costs|15,347|0||15,347|12,415| |Congregational running expenses|3,881|7,626||11,507|9,223| |Repairs and Maintenance|0|7,507||7,507|12,655| |Donations to Missions and charities|0|27,172||27,172|32,804| |Governance costs|320|0||320|200| ||----------|----------|----------|----------|----------| ||101,764|42,305|0|144,069|146,688| ||----------|----------|----------|----------|----------| Page 5 ## **HAZELBANK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023** ## **8. OTHER EXPENDITURE** ||**Unrestricte**|**Restricted**|**Endowmen**|**Total**|**Total**| |---|---|---|---|---|---| ||**d Funds**|**Funds**|**t Funds**|**2023**|**2022**| ||£|£|£|£|£| |Other Expenditure|0|0||0|557| ||----------|----------|----------|----------|----------| ||0|0|0|0|557| ||----------|----------|----------|----------|----------| ## **9. FIXED ASSETS** The congregation owns the Church premises situated at Hazelbank Road, Coleraine and the associated fixtures, fittings, plant and machinery. The congregation also owns the Church Manse These have an insurance value of ||£|£| |---|---|---| |Church Premises including fixtures and fittings|3,356,259|3,122,102| |Church Manse|500,248|465,347| ||------------|------------| ||3,856,507|3,587,449| ||------------|------------| ## **10. INVESTMENTS** The congregation has the following investments. Amounts are shown at market valuation. ||**2,023**|**2,022**| |---|---|---| |**Endowment Funds**|**£**|**£**| |General Investment Fund||| |Bequest Account|3,172|3,134| ||----------|----------| |**TOTAL INVESTMENTS**|3,172|3,134| ||----------|----------| Page 6 ## **HAZELBANK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023** ## **11. FUND BALANCES** |**Fund**|**Balance at**
**start**|**Receipts**|**Payment**|**Surplus /**
**(Deficit)**|**Transfer**|**Balance at**
**end**| |---|---|---|---|---|---|---| ||£|£|£|£|£|£| |**Unrestricted Funds**||||||| |General Fund|119,513|105,951|102,249|3,702|550|123,765| ||----------|----------|----------|----------|----------|----------| ||119,513|105,951|102,249|3,702|550|123,765| ||----------|----------|----------|----------|----------|----------| |**Restricted Funds**||||||| |Building Fund|44,529|18,711|7,306|11,405||55,934| |Ministry Extension Fund|44,045|7,401|3,462|3,939|(3,425)|44,559| |United Appeal|0|8,839|8,839|0||0| |World Development Appeal|0|3,728|3,728|0||0| |Zomba|856|7,199|0|7,199||8,055| |Moderators Appeal|0|646|646|0||0| |Digging Deeper|0|200|200|0||0| |EMF Denmark|0|400|400|0||0| |Foodbank|0|260|260|0||0| |Stand by Me|0|379|379|0||0| |Tearfund|0|893|893|0||0| |Zomba Trip|0|4,961|7,986|(3,025)|3,025|0| |Bowling Club|495|631|381|250|(350)|395| |Fit 4|118|0|0|0||118| |Girls' Brigade|3,434|3,541|3,718|(177)|(200)|3,057| |Mums and Toddlers|381|84|117|(33)||348| |Presbyterian Women|3,591|2,471|2,721|(250)|(100)|3,241| |Sunday School|1,189|560|1,320|(760)|500|929| |||||0||0| ||----------|----------|----------|----------|----------|----------| ||98,638|60,904|42,356|18,548|(550)|116,636| ||----------|----------|----------|----------|----------|----------| |**TOTAL CASH FUNDS**|218,151|166,855|144,605|22,250|0|240,401| ||=======|=======|=======|=======|=======|=======| Page 7 ## **Independent examiner’s report to the trustees of Hazelbank 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 18 March 2024