Presbyter an FIRST DROMARA CONGREGATION OF THE PRESBYfERIAhl CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 Dember 2023 Note Unrestricted Restricted Funds Funds Endowment Total Funds 2023 Total 2022 Recelpts Donations and legacies Charitable activities Other trading activities Investment Income Other 95.991.58 114.914.76 9,154.64 0.00 210,906.34 124,978.53 9,154.64 9,700.00 2,000.00 1,700.00 476.30 266.59 5,852.21 6,410.89 2,000.00 389.87 2,084.84 86.43 3.767.37 0.00 100,466.29 127.923.20 0.00 228,389.49 143,056.01 Sale of Investments Sale of fixed assets Loans Received Total ReiptS 100.466.29 127.923.20 0.00 228,389.49 143,056.01 Payments Raising funds Charitable activities Investment costs Other 709.01 0.00 709.01 754.73 0.00 193,773.63 142,120.93 94,192.16 98,872.46 0.00 0.00 94,901. 17 98,872.46 0.00 193.773.63 142,875.66 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 94,901.17 98,872.46 0.00 193.773.63 142,875.66 Net receipts / (payments) Transfers between funds 5,565.12 29,050.74 0.00 34,615.86 180.35 7.789.50 (7,789.50) 0.00 0.00 Net movement in funds Funds brought forward 13.354.62 23,233.68 21.261.24 48,469.90 34.615.86 74,924.58 180.35 74,744.23 3,221.00 Funds carried forward 12 36,588.30 69,731.14 3.221.00 109,540.44 74,924.58
an FIRST DROMARA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2023 Unrestrict Restricted Endowrn ed Funds Funds ent Funds Total Fund5 2023 Total Funds 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 23,233.68 48.469.90 3,221.00 13.354.62 21,261.24 0.00 74,924.58 34,615.86 74,744.23 180.35 Bank and Cash at end of year 36,588.30 69,731.14 3,221.00 109,540.44 74,924.58 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 103,816.17 2,503.27 70,263.21 1,440.37 106,319.44 71,703.58 Other Assets Fixed Assets- Note 10 Church Premises- Insurance Church Manse- Insurance Value Sextons House- Insurance Value Fixtures, Fittings & Equipment Inve5tment5- Note 11 Gift Aid receivable on donations 453,870.48 98,577.00 453.870.48 98,577.00 3,221.00 17,000.00 3,221.00 18,572.09 572,668.48 574,240.57 Liabillties Loans 0.00 0.00 0.00 0.00 Approved by the Kirk Session at a meeting on 9 December 2024 and signed on its behalf by [Date] ,/,/,, [Date]
an FIRST DROMARA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE AcCourS 310ecember 2023 ACCOUNTING POUCIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. 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 restrirted 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 restritted 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. DONATIONS AND LEGACIES Unrestricted Funds Restricted Endowment Total 2023 Funds Funds Total 2022 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 77,063.00 2.462.28 2,258.96 14,207.34 0.00 11,144.00 12.850.84 7,785.55 4,971.00 78.163.37 0.00 88,207.00 0.00 15,313.12 0.00 88,207.88 0.00 19,178.34 85,816.60 11,433.15 10,127.61 17,601.17 0.00 95,991.58 114.914.76 0.00 210,906.34 124,978.53
an FIRST DROMARA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE AccouKrs 31 December 2023 CHARITABLE ACTIVITIES Unrestrlrted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 0.00 0.00 0.00 2,180.00 0.00 3,950.00 3.024.64 0.00 1,450.00 0.00 2,850.00 5,400.00 2.180.00 0.00 3,950.00 3,024.64 0.00 0.00 0.00 0.00 9,154.64 9,154.64 9,700.00 4. OTHER TRADING AcfivmES Unrestricted Funds Restrirted Endowment Funds Funds Total 2023 Total 2022 Letting of premises Trading income 2,000.00 0.00 0.00 2,000.00 0.00 1,700.00 0.00 2,000.00 0.00 0.00 2,000.00 1,700.00 INVESTMENT INCOME Unrestrirted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Deposit interest General Investment Fund Rents investment properties Other investment incorne 256.49 133.38 86.43 0.00 0.00 342.92 133.38 0.00 0.00 128.08 138.51 0.00 0.00 0.00 0.00 0.00 389.87 86.43 476.30 266.59
an FIRST DROMARA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE AccouKf5 (conyd) 31 December 2023 OTHER INCOME Unrestricted Funds Restritted Endowment Funds Funds Total 2023 Total 2022 Insurance claims Other income 0.00 2,084.84 0.00 3.767.37 0.00 0.00 6,410.89 5.852.21 2,084.84 3,767.37 0.00 5,852.21 6,410.89 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 FWO envelopes Fundraising events 709.01 0.00 0.00 0.00 0.00 709.01 0.00 754.73 0.00 709.01 0.00 709.01 754.73 CHARITABLE AcfiviTIES Unrestrfrted Funds Restrirted Endowment Total 2023 Total 2022 Funds Funds General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 20.739.75 752.19 45.111.40 26.737.24 851.58 0.00 0.00 0.00 73,204.30 25,668.16 0.00 20.739.75 0.00 752.19 0.00 45,111.40 0.00 99,941.54 0.00 26,519.74 19,926.75 716.36 42,129.19 52,115.52 27,233.11 0.00 0.00 0.00 94,192.16 98,872.46 0.00 193,064.62 142,120.93
an FIRST DROMARA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conYd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Investment properties expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10. FIXED ASSETS The congregation owns the Church premises situated at Church Road, Dromara and the associated fixtures, fittings, plant and machinery. These have an insurance value of £2,708,939.38 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 General Investment Fund Property Other investments 3,050 3,050 171 171 3,221 3,221
an FIRST DROMARA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2023 12. FUND BALANCES Fund Balance at stsrt Recelpts Payment Surplus / Transfe (Deficit) Balance at end Unrestricted Funds General Fund 23,233.68 113,386.84 112,792.40 594.44 0.00 23,828.12 23.233.68 113,386.84 112.792.40 594.44 0.00 23,828.12 Restricted Funds Property Fund Cong. Organisational Funds 19.917.02 28,552.88 97,144.62 36.655.03 71,882.90 26,261.72 27,895.33 8,759.70 0.00 0.00 45,178.74 37,312.58 48,469.90 133,799.65 99,778.23 34,021.42 0.00 82,491.32 Endowment Funds Endowment Funds 3,221.00 0.00 0.00 3,221.00 3,221.00 0.00 3,221.00 Total 74,924.58 247,186.49 212,570.63 34,615.86 0.00 109,540.44