## Second Dunboe Congregation of the Presbyterian Church in Ireland Financial Statements Year Ended 31[st] December 2022 NIC 105564 ## **SECOND 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|43,195|14,868||58,062|45,169| |Charitable activities||3|225|691||916|0| |Other trading activities||4|4,406|0||4,406|3,674| |Investment Income||5|885|255||1,140|1,174| |Other Income||6|3,494|0||3,494|849| ||||----------|----------|----------|----------|----------| |Sub Total|||52,205|15,813|0|68,018|50,866| |Sale of Investments||||||0|3,500| |Sale of fixed assets||||||0|| |Loans Received||||||0|| ||||----------|----------|----------|----------|----------| |**Total Receipts**|||52,205|15,813|0|68,018|54,366| ||||----------|----------|----------|----------|----------| |**Payments**|||||||| |Raising funds||7|422|0||422|0| |Charitable activities||8|47,772|13,309||61,081|53,440| |Investment costs||||||0|| ||||----------|----------|----------|----------|----------| |**Sub Total**|||48,194|13,309|0|61,503|53,440| |Purchase of Investments|||12,275|630||12,905|1,026| |Purchase of fixed assets||||||0|| |Loan Repayments||||||0|| ||||----------|----------|----------|----------|----------| |**Total Payments**|||60,469|13,939|0|74,408|54,466| ||||----------|----------|----------|----------|----------| |Net receipts / (payments)|||(8,264)|1,874|0|(6,390)|(100)| |Transfers between funds|||100|(100)||0|0| ||||----------|----------|----------|----------|----------| |Net movement in funds|||(8,164)|1,774|0|(6,390)|(100)| |Funds brought forward|||22,946|39,394|0|62,340|62,440| ||||----------|---------|----------|----------|----------| |Funds carried forward||11|14,782|41,168|0|55,950|62,340| ||||======|======|======|======|======| Page 1 SECOND DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestrlcted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 22,946 {8,164) 39,394 1,774 62,340 16,390) 62,440 {100) Bank and Cash at end of year 14,782 41,168 55,950 62,340 Bank & Cash Balance5 Bank Deposit Accounts Bank Current Accounts Cash in Hand 11,382 50,958 55,950 55,950 62,340 Flxed A55et5 - Note 9 2,002,620 Other Assets Investments- Note 10 Gift Aid receivable on donations 70,372 7,500 64,708 4,470 77,872 69,178 Approved by the Kirk Session at a meeting on J yl 5125 and signed on its behalf by Name Name /L7 Date ILtlsl%s Date /4-?-13 Page 2 ## **SECOND 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|30,828|6,533||37,361|33,050| |Loose collections|996|3,826||4,822|3,241| |Donations and gifts|200|2,560||2,760|2,574| |Gift Aid|5,780|1,573||7,353|6,304| |Legacies and bequest|5,391|377||5,767|0| ||----------|----------|----------|----------|----------| ||43,195|14,868|0|58,062|45,169| ||----------|----------|----------|----------|----------| Page 3 ## **SECOND 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|225|691||916|0| ||----------|----------|----------|----------|----------| ||225|691|0|916|0| ||----------|----------|----------|----------|----------| |**4.OTHER TRADING ACTIVITIES**|||||| ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Endowment**
**Funds **|
**Total 2022**|**Total**
**2021**| ||£|£|£|£|£| |Trading income|4,406|0||4,406|3,674| ||----------|----------|----------|----------|----------| ||4,406|0|0|4,406|3,674| ||----------|----------|----------|----------|----------| ## **5. INVESTMENT INCOME** ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Endowment**
**Funds **|
**Total 2022**|**Total**
**2021**| |---|---|---|---|---|---| ||£|£|£|£|£| |Bank interest|170|1||170|148| |NFU Investment Fund|716|254||970|1,026| ||----------|----------|----------|----------|----------| ||885|255|0|1,140|1,174| ||----------|----------|----------|----------|----------| Page 4 ## **SECOND 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**| ||£|£|£|£|£| |Insurance claims|2,552|0||2,552|0| |Other income|942|0||942|849| ||----------|----------|----------|----------|----------| ||3,494|0|0|3,494|849| ||----------|----------|----------|----------|----------| |**7.RAISING FUNDS**|||||| ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Endowment**
**Funds **|
**Total 2022**|**Total**
**2021**| ||£|£|£|£|£| |FWO envelopes|422|0||422|0| ||----------|----------|----------|----------|----------| ||422|0|0|422|0| ||----------|----------|----------|----------|----------| |**8.CHARITABLE ACTIVITIES**|||||| ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Endowment**
**Funds **|
**Total 2022**|**Total**
**2021**| ||£|£|£|£|£| |General Assembly Assessments|7,436|0||7,436|7,648| |Presbytery fees|236|0||236|196| |Ministry and support staff costs|27,147|0||27,147|27,440| |Premises Costs|8,722|0||8,722|5,009| |Congregational running expenses|906|1,032||1,938|816| |Repairs and Maintenance|3,026|2,445||5,471|2,081| |Donations to Missions and charities|0|9,833||9,833|10,000| |Governance costs|300|0||300|250| ||----------|----------|----------|----------|----------| ||47,772|13,309|0|61,081|53,440| ||----------|----------|----------|----------|----------| Page 5 ## **SECOND DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** ## **9. FIXED ASSETS** The congregation owns the Church premises situated at 236 Windyhill Road, Coleraine BT51 4JN and the associated fixtures, fittings, plant and machinery. |These have an insurance value of
Church Building and Contents
Portacabin and Contents
Sexton's House
Church Manse
Land|£
1,324,308
12,898
214,705
290,709
160,000| |---|---| ||2,002,620| ## **10. INVESTMENTS** The congregation has the following investments. Amounts are shown at market valuation. ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |NFU Investments|58,437|64,708| |Progressive Building Society|11,935|0| ||----------|----------| ||70,372|64,708| ||----------|----------| |**Fund Summary of Investments**||| |Unrestricted|54,679|47,747| |Building and Repair Fund|4,259|4,568| |Sunday School|3,576|3,960| |Children's Church|168|187| |Minister's Bequests|2,738|2,903| |Choir|253|280| |Presbyterian Women|742|681| |United Appeal|168|187| |Youth Fellowship|3,789|4,195| ||----------|----------| ||70,372|64,708| ||=======|=======| Page 6 ## **SECOND DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** ## **11. FUND BALANCES** |**Fund**|**Balance at**
**start**|**Receipts**|**Payment**|**Surplus /**
**(Deficit)**|**Transfer**|**Balance at**
**end**| |---|---|---|---|---|---|---| ||£|£|£|£|£|£| |**Unrestricted Funds**||||||| |General Fund|22,946|52,205|60,469|(8,264)|100|14,782| ||----------|----------|----------|----------|----------|----------| ||22,946|52,205|60,469|(8,264)|100|14,782| ||----------|----------|----------|----------|----------|----------| |**Restricted Funds**||||||| |Building and Repair Fund|28,831|3,622|2,647|975||29,806| |United Appeal|110|3,885|3,995|(110)||0| |General Missions Fund|285|||0||285| |World Development Appeal|90|407|397|10||100| |Moderator's Appeal|0|2,524|2,524|0||0| |Pres. Children's Society|0|1,000|1,000|0||0| |Macosquin Poppy Appeal|0|40|40|0||0| |Minister's Bequests|0|159|159|0||0| |Sunday School|3,582|60|334|(274)||3,308| |Choir|905|457|11|446||1,351| |Presbyterian Women|738|2,968|2,263|705|(100)|1,343| |Children's Church|10|3|3|0||10| |Youth Fellowship|3,091|63|93|(30)||3,061| |The Whins|1,752|625|473|152||1,904| ||----------|----------|----------|----------|----------|----------| ||39,394|15,813|13,939|1,874|(100)|41,168| ||----------|----------|----------|----------|----------|----------| |**TOTAL CASH FUNDS**|62,340|68,018|74,408|(6,390)|0|55,950| ||=======|=======|=======|=======|=======|=======| Page 7 ## **Independent examiner’s report to the trustees of Second 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: - examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008 - 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 22 March 2023