## Ringsend Congregation of the Presbyterian Church in Ireland 

## Financial Statements 

Year Ended 31[st] December 2022 



NIC 105573 

## **RINGSEND  CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022** 

||**Note**||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**<br>**Funds**|**Total       2022**|**Total**<br>**2021**|
|---|---|---|---|---|---|---|---|
||||£|£|£|£|£|
|**Receipts**||||||||
|Donations and legacies||2|34,506|9,519||44,025|44,617|
|Charitable activities||3|5|0||5|12,031|
|Other trading activities||4|9,676|0||9,676|9,441|
|Investment Income||5|2,107|155||2,263|1,740|
|Other Income||6|0|0||0|2,800|
||||----------|----------|----------|----------|----------|
|Sub Total|||46,294|9,675|0|55,969|70,629|
|Sale of Investments||||||0||
|Sale of fixed assets||||||0||
|Loans Received||||||0||
||||----------|----------|----------|----------|----------|
|**Total Receipts**|||46,294|9,675|0|55,969|70,629|
||||----------|----------|----------|----------|----------|
|**Payments**||||||||
|Raising funds||7|454|0||454|448|
|Charitable activities||8|48,612|9,494||58,106|59,185|
||||----------|----------|----------|----------|----------|
|Sub Total|||49,066|9,494|0|58,560|59,633|
|Purchase of Investments||||||0||
|Purchase of fixed assets||||||0|13,082|
|Loan Repayments||||||0||
||||----------|----------|----------|----------|----------|
|**Total Payments**|||49,066|9,494|0|58,560|72,715|
||||----------|----------|----------|----------|----------|
|Net receipts  / (payments)|||(2,772)|181|0|(2,591)|(2,086)|
|Transfers between funds|||(3,654)|3,654||0|0|
||||----------|----------|----------|----------|----------|
|Net movement in funds|||(6,426)|3,835|0|(2,591)|(2,086)|
|Funds brought forward|||15,601|22,728|0|38,329|40,415|
||||----------|---------|----------|----------|----------|
|Funds carried forward||11|9,175|26,563|0|35,738|38,329|
||||======|======|======|======|======|



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RINGSEND CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2022
Unrestricted Restricted Endowment
Funds
Fund5
Funds
Total
20Z2
Total
2021
Funds Reconciliation
Bank and Cash at start ofyear
Net movement in funds
15,601
(6.426}
22,728
3.835
38,329
12,5911
40,415
12,0861
Bank and Cash at end of year
9,175
26,563
35,738
38,329
Bank & Cash Balances
Bank Accounts
Cash in Hand
35.738
38,329
35.738
38,329
Fixed Assets- Note 9
Church Premises including fixtures and fittings
2,050,525 1,907,467
Other Assets
Investments- Note 10
Gift Aid receivable on donations
Enter details of any other assets
98,580
4,962
104,557
5,710
103,542
110.267
Liabilities
GB- Payments due
154
154
Approved by the Kirk Session at a meeting on l9 th ftb >)35 and signed on its behalf by
Name
Name
Date
Date
(9
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## **RINGSEND  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**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**<br>**Funds**|**Total       2022**|**Total**<br>**2021**|
|---|---|---|---|---|---|
||£|£|£|£|£|
|Recorded giving|28,933|5,139||34,072|38,459|
|Loose collections|712|2,126||2,837|658|
|Donations and gifts|335|395||730|450|
|Gift Aid|4,527|1,860||6,387|5,050|
||----------|----------|----------|----------|----------|
||34,506|9,519|0|44,025|44,617|
||----------|----------|----------|----------|----------|



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## **RINGSEND  CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022** 

## **3. CHARITABLE ACTIVITIES** 

|**3.CHARITABLE ACTIVITIES**||||||
|---|---|---|---|---|---|
||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**<br>**Funds **|<br> **Total       2022**|**Total**<br>**2021**|
||£|£|£|£|£|
|Income from charitable activities|5|0||5|0|
|Grants|0|0||0|12,031|
||----------|----------|----------|----------|----------|
||5|0|0|5|12,031|
||----------|----------|----------|----------|----------|



## **4. OTHER TRADING ACTIVITIES** 

|**4.OTHER TRADING**|**ACTIVITIES**|||||
|---|---|---|---|---|---|
||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**<br>**Funds **|<br> **Total       2022**|**Total**<br>**2021**|
||£|£|£|£|£|
|Trading income|9,676|0||9,676|9,441|
||----------|----------|----------|----------|----------|
||9,676|0|0|9,676|9,441|
||----------|----------|----------|----------|----------|



## **5. INVESTMENT INCOME** 

||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**<br>**Funds **|<br> **Total       2022**|**Total**<br>**2021**|
|---|---|---|---|---|---|
||£|£|£|£|£|
|Bank interest|22|23||45|32|
|Other investment income|2,086|132||2,218|1,708|
||----------|----------|----------|----------|----------|
||2,107|155|0|2,263|1,740|
||----------|----------|----------|----------|----------|



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## **RINGSEND  CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** 

## **6. OTHER INCOME** 

|**6.OTHER INCOME**||||||
|---|---|---|---|---|---|
||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**<br>**Funds **|<br> **Total       2022**|**Total**<br>**2021**|
||£|£|£|£|£|
|Insurance claims|0|0||0|2,800|
||----------|----------|----------|----------|----------|
||0|0|0|0|2,800|
||----------|----------|----------|----------|----------|
|**7.RAISING FUNDS**||||||
||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**<br>**Funds **|<br> **Total       2022**|**Total**<br>**2021**|
||£|£|£|£|£|
|FWO envelopes|454|0||454|448|
||----------|----------|----------|----------|----------|
||454|0|0|454|448|
||----------|----------|----------|----------|----------|
|**8.CHARITABLE ACTIVITIES**||||||
||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**<br>**Funds **|<br> **Total       2022**|**Total**<br>**2021**|
||£|£|£|£|£|
|General Assembly Assessments|7,947|0||7,947|8,705|
|Presbytery fees|275|0||275|236|
|Ministry and support staff costs|30,219|36||30,255|27,352|
|Premises Costs|7,290|0||7,290|6,225|
|Congregational running expenses|1,753|861||2,614|1,990|
|Repairs and Maintenance|577|2,334||2,912|8,133|
|Donations to Missions and charities|250|6,263||6,513|6,294|
|Governance costs|300|0||300|250|
||----------|----------|----------|----------|----------|
||48,612|9,494|0|58,106|59,185|
||----------|----------|----------|----------|----------|



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**RINGSEND  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 139 Cashel Road, Ringsend and the manse at 120 Cashel Road, Ringsend together with the associated fixtures, fittings, fittings, plant and machinery . 

These have an insurance value of 

|Church<br>Church Hall<br>Manse|£<br>1,319,965<br>473,703<br>256,857|
|---|---|
||2,050,525|



The congregation also owns approximately 30 acres of land at 120 Cashel Road which had an estimated market value of £240,000 at the year end. 

## **10. INVESTMENTS** 

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

||**2022**|**2021**|
|---|---|---|
|**Endowment Funds**|**£**|**£**|
|Progressive Building Society|||
|Minister|2,540|2,540|
|Repair and Reserve|633|633|
|P.W.|3,037|3,037|
|Sunday School|2,750|2,750|
|Youth Fellowship|500|500|
||----------|----------|
||9,460|9,460|
||----------|----------|
|**Other Investments**|||
|**Unrestricted Investments**|||
|NFU Unit Managers Ltd Investment Portfolio Plan|65,407|73,993|
|HSBC shares (3858)|19,895|17,309|
|Aviva PLC shares (72)|318|295|
|Progressive Building Society|3,500|3,500|
||----------|----------|
||89,120|95,097|
||----------|----------|
|**TOTAL INVESTMENTS**|98,580|104,557|
||=======|=======|



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## **RINGSEND  CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** 

## **11. FUND BALANCES** 

|**Fund**|**Balance at**<br>**start**|**Receipts**|**Payment**|**Surplus /**<br>**(Deficit)**|**Transfer**|**Balance at**<br>**end**|
|---|---|---|---|---|---|---|
||£|£|£|£|£|£|
|**Unrestricted Funds**|||||||
|General Fund|15,601|46,294|49,066|(2,772)|(3,654)|9,175|
|Rev. Dinsmore Bursary|||||||
||----------|----------|----------|----------|----------|----------|
||15,601|46,294|49,066|(2,772)|(3,654)|9,175|
||----------|----------|----------|----------|----------|----------|
|**Restricted Funds**|||||||
|Repair and Reserve|13,068|3,852|2,334|1,518|2,407|16,993|
|United Appeal|(434)|2,619|3,629|(1,010)|1,047|(397)|
|World Development Appeal|(294)|294||294|100|100|
|Pres. Children's Society|0|337|337|0||0|
|Earl Haig|(24)|124|80|44||20|
|Moderator's Appeal|0|1,354|1,354|0||0|
|Sunday School|2,553|186|868|(682)|200|2,071|
|Choir|4,179|2||2||4,181|
|P.W.|1,871|863|830|33|(100)|1,804|
|Youth Fellowship|1,809|7|25|(18)||1,791|
|Minister|0|36|36|0||0|
|||||0||0|
|||||0||0|
||----------|----------|----------|----------|----------|----------|
||22,728|9,674|9,493|181|3,654|26,563|
||----------|----------|----------|----------|----------|----------|
|**TOTAL CASH FUNDS**|38,329|55,968|58,559|(2,591)|0|35,738|
||=======|=======|=======|=======|=======|=======|



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