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

||**Note**|**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|**2022**|**2021**|
|||£|£|£|£|£|
|**Receipts**|||||||
|Donatons and legacies<br>Charitable actvites|2<br>3|21,584<br>-|-<br>-|-<br>-|21,584<br>-|20,998<br>-|
|Investment Income|4|-|-|-|-|-|
|Other|5|-|-|-|-|-|
|**Total Receipts**||21,584|-|-|21,584|20,998|
|**Payments**|||||||
|Charitable actvites|6|17,803|-|-|17,803|15,617|
|**Total Payments**||17,803|-|-|17,803|15,617|
|Net receipts / (payments)||3,781|-|-|3,781|5,381|
|Transfers between funds||-|-|-|-|-|
|Net movement in funds||3,781|-|-|3,781|5,381|
|Funds brought forward||23,983|1,182|-|25,165|19,784|
|Funds carried forward|8|27,764|1,182|-|28,946|25,165|
|||======|======|======|======|======|



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## **THE DROMORE PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022** 

|**Funds Reconciliaton**<br>Bank and Cash at start of year<br>Net movement in funds<br>Bank and Cash at end of year<br>**Bank & Cash Balances**<br>Bank Current Accounts<br>Cash in Hand<br>**Other Assets**<br>Fixed Assets<br>Investments<br>**Liabilites**<br>Loans<br>Other|**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>**Funds**<br>**2022**<br>**Total**<br>**Funds**<br>**2021**<br>£<br>£<br>£<br>£<br>£<br>23,983<br>1,182<br>-<br>25,165<br>19,784<br>3,781<br>-<br>-<br>3,781<br>5,381|**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>**Funds**<br>**2022**<br>**Total**<br>**Funds**<br>**2021**<br>£<br>£<br>£<br>£<br>£<br>23,983<br>1,182<br>-<br>25,165<br>19,784<br>3,781<br>-<br>-<br>3,781<br>5,381|
|---|---|---|
||27,764<br>======-<br>1,182<br>=======<br><br>======|-<br>=<br>28,946<br>=======<br>25,165<br>=======<br>28,941<br>25,160<br>5<br>5|
|||28,946<br>=======<br>25,165<br>=======|
|||=======<br>=======|
|||=======<br>=======|



Approved by the Presbytery at a meeting on 5[th] September 2023 and signed on its behalf by 

Rev G Stockdale Rev Dr W Henry 5[th] September 2023 5[th] September 2023 

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## **THE DROMORE PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND** 

## **1. ACCOUNTING POLICIES** 

## **BASIS OF FINANCIAL STATEMENTS** 

As the total income of the Presbytery is less than £250,000 the Presbytery has 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. These accounts do not incorporate the accounts of the congregations assigned to the Presbytery. These have a separate legal identity and are individually registered with the Charity Commission for Northern Ireland. 

## **FUND ACCOUNTING** 

Endowment funds are funds, the capital of which must be retained either permanently or at the Presbytery’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 presbytery 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 presbytery’s general purposes. Designated funds are general funds set aside by the presbytery for use in the future. 

## **2. DONATIONS AND LEGACIES** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2022**|**2021**|
||£|£|£|£|£|
|Assessments on congregatons<br>Collectons at events<br>Donatons and gifs|20,079<br>-<br>5|-<br>-<br>-|-<br>-<br>-|20,079<br>-<br>5|20,998<br>-<br>-|
||20,084|-|-|20,084|20,998|



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## **THE DROMORE PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS** 

## **31 December 2022** 

## **3. CHARITABLE ACTIVITIES** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2022**|**2021**|
||£|£|£|£|£|
|Income from charitable actvites|-|-|-|-|-|
|PW Links|-|-|-|-|-|
|Grants|1,500|-|-|1,500|-|
||1,500|-|-|1,500|-|



|**4.**|**INVESTMENT INCOME**||||||
|---|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|||**Funds**|**Funds**|**Funds**|**2022**|**2021**|
|||£|£|£|£|£|
|Deposit interest||-|-|-|-|-|
|||-|-|-|-|-|
|**5.**|**OTHER INCOME**||||||
|||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|||**Funds**|**Funds**|**Funds**|**2022**|**2021**|
|||£|£|£|£|£|
|Other income||-|-|-|-|-|
|||-|-|-|-|-|



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## **THE DROMORE PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2022** 

## **6. CHARITABLE ACTIVITIES** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2022**|**2021**|
||£|£|£|£|£|
|Presbytery ministry and support|12,607|-|-|12,607|12,462|
|staf costs||||||
|Presbytery running expenses|5,196|-|-|5,196|3,155|
|Donatons to missions and<br>charites|-|-|-|-|-|
|PW Link|-|-|-|-|-|
|Governance costs|-|-|-|-|-|
||17,803|-|-|17,803|15,617|



## **7. INVESTMENTS** 

The Presbytery does not hold any investments in its own name. The Education Board of Dromore Presbytery has investment in shares and the General Investment Fund, the income from which it gives to Presbytery as a contribution towards running costs. 

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## **THE DROMORE PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2022** 

## **8. FUND BALANCES** 

|**Fund**|**Balance**|**Receipts**|**Payment**|**Surplus /**|**Transfer**|**Balance**|
|---|---|---|---|---|---|---|
||**at start**|||**(Defcit)**||**at end**|
||£|£|£|£|£|£|
|**Unrestricted Funds**|||||||
|Incidental Fund|23,983|21,584|17,803|3,781|-|27,764|
||23,983|21,584|17,803|3,781|-|27,764|
|**Restricted Funds**|||||||
|PW Link<br>Educaton Board Account|777<br>405||||-|777<br>405|
||1,182||||-|1,182|
|**Endowment Funds**|-|-|-|-|-|-|
||-|-|-|-|-|-|
|Total|25,165|21,584|17,803|3,781|-|28,946|



- 

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