## **THE PRESBYTERY OF DERRY & DONEGAL OF THE PRESBYTERIAN CHURCH IN IRELAND**
**Trustees Annual Report and Financial Statements for the year ended 31 December 2019**
**Registered Charity in Northern Ireland (NIC106457)**
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## **THE PRESBYTERY OF DERRY & DONEGAL OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT**
The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2019 including a Statement of Assets and Liabilities as at that date.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
The Presbytery of Derry & Donegal of the Presbyterian Church in Ireland 19 Clearwater
Londonderry BT47 6BE
Registered Charity in Northern Ireland (NIC106457)
## **PRINCIPAL OFFICE BEARERS (At date of this report)**
Moderator Rev Thomas Bruce
Clerk of Presbytery
Rev Paul Linkens
## **INDEPENDENT EXAMINER**
Owen McLaughlin Chartered Accountant 300 Seacoast Road Limavady BT49 0JY
## **BANKERS**
Danske Bank Bank of Ireland PO Box 103 Lower Main Street Donegal Square West Buncrana Belfast Co.Donegal BT1 6JS F93 HC57
## **SOLICITORS**
AD McClay & Co Solicitors 1 Limavady Rd Londonderry BT47 6JU
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## **CHARITY TRUSTEES**
The Charity Trustees who served during the year or who were trustees at the date of this report were
Rev Knox Anderson Jones
Rev Paul Ernest Linkens
Rev David Latimer
Rev Graeme Orr
Rev Mark Finlay Russell Rev Keith Henry Hibbert
Rev Alan Charles Wilson Rev James Lindsay Blair Rev Robert Lyle Craig Rev Samuel John Hanna Rev Thomas Robert Buick Rev David Mark Shaw
Rev Alastair James Andrew Rosborough Rev Amanda Best Rev Brian Brown
Rev Colin McKibbin Rev James Lamont Rev James Gray Rev David Hillen Rev Susan Jayne Moore Mrs Olive Elizabeth Witherow
Mrs Helen Anne Neill Mr Edward Lynch Mr Mervyn Wray Mr Robert Mackey Mr James Hamilton Mr Campbell Armstrong Mr Robert Henry Wallace Mrs Jane Laird Mr Jack Smyth
Rev Andrew Watson Rev Craig Munro Wilson Rev Stephen Richmond Rev Thomas Bruce Rev Joseph Fell
Rev Gordon Alexander McCracken
Rev John Stuart McCrea Mr John Gary King Mr William Watson Mr John Kinley Reid Mr John Hazlett Allen Mr Colin Campbell Mr Richard Russell Mrs Barbara Smyth Mr William Long
Mr Robin Henderson Mr Derek Allen Mr Paul John Davis
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Mrs Joan Pollock Mr Victor Whiteside Mr Marshall Robinson Mr James Buchanan Mrs Vivienne Joan Hawthorne Mr Austin Stewart Mr Henry Graham Mr Frank Wilson
Mr Henry Graham
Mr Malcolm Cooper Mr Samuel Anderson
Mr Samuel Sterritt Mr Stephen Montgomery
Mr Charles William Samuel Kane
Mr Samuel Wilson
Mr Aubrey Kee
Mrs Marie Anderson
Mr Norman Simms Mrs Cynthia Jeanette Patterson
Mr Wilbert Thomas Anderson
Mr Robert Rankin
Mr John Vance Mr William Smyth
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## **THE PRESBYTERY OF DERRY & DONEGAL OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont’d)**
## **STRUCTURE AND MANAGEMENT**
## **Presbytery**
Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. The following congregations of the Presbyterian Church have been assigned to The Presbytery of Derry & Donegal of the Presbyterian Church in Ireland.
Alt, Ballyarnett, Ballykelly, Ballylennon, Burt, Carlisle Road (inc. Strand and Buncrana), Carndonagh, Carnone, Carrigart, Convoy, Crossroads, Cumber, Donagheady, Donegal, Donemana, Donoughmore, Dunfanaghy, Ebrington, Fahan, Fannet, Faughanvale, 1[st] Derry (including Claremont), Glendermott, Gortnessy, Greenbank, Inch, Kilfennan, Kilmacrennan, Knowhead, Leckpatrick, Letterkenny, Magheramason, Malin, Milford, Monreagh, Moville, Newtowncunningham, Ramelton, Raphoe & Ballindrait, Rathmullan, Ray, Sion, St Johnston, Strabane, Stranorlar, Trenta, Upper Cumber, Waterside.
A Presbytery makes arrangements for the election of ministers in congregation, ordains licentiates and installs or inducts and appoints ministers in the congregations assigned to it. They also ordain or install and appoint elders, commission and appoint deaconesses, senior lecturers, auxiliary ministers, lay agents and missionaries who have been called by an authorised body in the Church. A Presbytery has a role in seeing that ministers preach the Word faithfully to their congregations, regularly visit the families under their charge, visit the sick, promote peace and temperance and see that the duties of the eldership are property discharged. Presbyteries oversee the resignation and retirements of ministers and elders.
Presbyteries provide advice to Kirk Sessions and Congregational Committees when required and have a role in approving matters in relation to congregational property. They report annually to the General Assembly and have the right to make a nomination for the office of Moderator of the General Assembly.
The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, ministers who have retired from active duty and an elder appointed by the Kirk Session of each of the congregations assigned to it. This provides an important link between the congregations and the wider structures of the church
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## **THE PRESBYTERY OF DERRY & DONEGAL OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont’d)**
Stated meetings of Presbytery are held on the 1[st] Tuesday in February, March, May, November, December and the 2[nd] Tuesday in September. A communion service is usually held on the Sunday immediately preceding the Business meeting in September and this is open to all members of the congregations within our Presbytery.
All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the ministers in active duty in the congregation, has no deliberative but only a casting vote.
## **The General Assembly**
The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its business. At the end of business it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired ministers and a representative elder appointed by the Kirk Session of each congregation.
## **DESCRIPTION AND PURPOSE**
The charitable purpose of the Presbytery is the advancement of religion.
The Presbytery of Derry & Donegal is a Presbytery of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is grounded in the Scriptures, and exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play their part in fulfilling God’s mission to our world.
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## **THE PRESBYTERY OF DERRY & DONEGAL OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont’d)**
## **ACTIVITIES AND OBJECTIVES**
The Presbytery had six stated meetings in the year and meets on other occasions as required. All meetings commence with a time of worship and are opened and closed with prayer.
The Presbytery carries out the following activities
- Interviews candidates seeking to become Accredited preachers
- Supports those candidating for the Ministry
- Installs & Ordains ministers and ruling elders
- Provides pastoral support for ministers and their families
- Holds training events such as New Elder’s training, Marriage Preparation Classes
- PW Link is an initiative of Presbyterian Women intended to improve communications and build relationships between Presbyterian Women. PW Link includes a representative from each congregations and runs events to support the mission and outreach of Presbytery. During the year they hold a Rally and a breakfast with special invited speakers at each event. The PW Link provides a report to Presbytery in March each year
## **ACHIEVEMENTS AND PERFORMANCE**
At the 31 December the following numbers of personal were under the care of Presbytery
||2019|2018|
|---|---|---|
|Minister in active service in congregations|18|20|
|Retired Ministers|15|13|
|Licentiates|0|0|
|Students for the Ministry|0|0|
During the year credentials were received from other Presbyteries in respect of 2 minister who were Ordained & installed in congregations assigned to the Presbytery. Credentials were presented to another Presbytery in respect of 1 minister who was received under their care.
No Licentiates or students for the Ministry were received under the care of Presbytery during the year.
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## **THE PRESBYTERY OF DERRY & DONEGAL OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont’d)**
The Presbytery encourages the congregations assigned to it to supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church’s training college for ministry students, and financially supports congregation in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care.
The Presbytery also encourages congregations to contribute to the denominations annual World Development Appeal, Sunday School project and any other special appeals.
## **General Assembly**
Presbyteries are represented on the various Councils of the General Assembly of the Presbyterian Church in Ireland and report on an annual basis to the General Assembly
## **Property**
Presbytery agreed resolutions regarding 6 congregational property projects. The Presbytery holds property on the Strand Road in Londonderry following the closure of the congregation in 2010. This property has been included in the Statement of Assets and liabilities at an insurance value.
## **Volunteers**
The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on Presbytery, it’s commissions and panels.
5 new ruling elders were Ordained during the year to serve in congregations within the Presbytery.
9 ruling elders from congregations within the Presbytery were granted permission to become elders emeritus.
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## **THE PRESBYTERY OF DERRY & DONEGAL OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont’d)**
## **PUBLIC BENEFIT STATEMENT**
The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church’s subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved). Generally the above benefits are delivered locally by congregational churches and members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of notice boards, printed material, press advertisement, websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The charities beneficiaries are its members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular organisations, charities and individual members of the public. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits.
The Presbytery has had regard to the Charity Commissions Public benefit requirement statutory guidance.
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## **THE PRESBYTERY OF DERRY & DONEGAL OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont’d)**
## **FINANCIAL REVIEW**
The Presbytery’s main source of unrestricted income is an assessment that is levied on the congregations assigned to it and £25830 was received in the current year (£18,748 in previous year, 2018). Total income of the Presbytery during the year was £133,491 compared to £191,292 in the previous year. Total expenditure increased from £72,470 to £140,796. This includes a payment made to the Clerk of Presbytery for the responsibilities of that position.
## **STATEMENT OF TRUSTEE RESPONSIBILITIES**
The Trustees are responsible for preparing the annual report and the financial statements of the Presbytery in accordance with applicable law and generally accepted accounting practice.
As the Presbytery’s total income does not exceed £250,000, the Trustees have elected under Section 64(3) of the Charities Act (Northern Ireland) 208 to prepare a receipts and payment account and a statement of assets and liabilities.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Presbytery’s transactions and disclose with reasonable accuracy at any time its financial position. They are also responsible for safeguarding the assets of the Presbytery and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Presbytery at a meeting on 9th March 2021 and signed on its behalf by
Name Rev Thomas Bruce Name Rev Paul Linkens Signed Signed Date 9/3/21 Date 9/3/21
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## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND**
I report on the accounts of The Derry & Donegal Presbytery for the year ended 31 December 2018, which are set out on pages 12-18.
## **Respective responsibilities of charity trustees and examiner**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.
It is my responsibility to:
- examine the accounts under section 65 of the Charities Act
- follow the procedures laid down in the general Directions given by the
- Commission under section 65(9)(b) of the Charities Act
- state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
I have examined your charity accounts as required under section 65 of the Charities Act and 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 charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe:
1. That accounting records were not kept in accordance with section 63 of the Charities Act
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of the Charities Act
4. That there is further information needed for a proper understanding of the accounts to be reached.
## **Independent examiner’s statement**
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
Owen McLaughlin Chartered Accountant 300 Seacoast Road Limavady BT49 0JY
Date
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## **THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2019**
||**Note**|**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|**2019**|**2018**|
|||£|£|£|£|£|
|**Receipts**|||||||
|Donations and legacies|2|25,830|6,677||32,507|156,274|
|Charitable activities|3||2,610||2,610|14,589|
|Other trading activities|4||||||
|Investment Income|5|37|81,383||81,420|4,457|
|Other|6|12,196|4,758||16,954|15,972|
|||----------|----------|----------|----------|----------|
|||38,063|95,428||133,491|191,292|
|Sale of Investments|||||||
|Sale of fixed assets|||||||
|Loans Received|||||||
|||----------|----------|----------|----------|----------|
|**Total Receipts**||38,063|95,428||133,491|191,292|
|||----------|----------|----------|----------|----------|
|**Payments**|||||||
|Raising funds|7||||||
|Charitable activities|8|33,084|31,742||64,826|70,066|
|Earmarked Interest|||75,970||75,970|2,404|
|Other|9||||||
|||----------|----------|----------|----------|----------|
|||33,084|107,712||140,796|72,470|
|Purchase of Investments|||||||
|Purchase of fixed assets|||||||
|Loan Repayments|||||||
|||----------|----------|----------|----------|----------|
|**Total Payments**||33,084|107,712||140,796|72,470|
|||----------|----------|----------|----------|----------|
|Net receipts / (payments)||4,979|(12,284)||(7,305)|118,822|
|Transfers between funds|||||||
|||----------|----------|----------|----------|----------|
|Net movement in funds||4,979|(12,284)||(7,305)|118,822|
|Funds brought forward||36,684|215,061||251,745|132,923|
|||----------|------------|----------|------------|------------|
|Funds carried forward|10|41,663|202,777||244,440|251,745|
|||---------|-----------|---------|-----------|-----------|
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## **THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2019**
||**Unrestricted**|**Restricted**|**Endowment**|**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2019**|**2018**|
||£|£|£|£|£|
|**Funds Reconciliation**||||||
|Bank and Cash at start of year|36,684|215,061||251,745|132,923|
|Net movement in funds|4,979|(12,284)||(7,305)|118,822|
||----------|------------|----------|------------|------------|
|Bank and Cash at end of year|41,663|202,777||244,440|251,745|
||---------|-----------|---------|-----------|-----------|
|**Bank & Cash Balances**||||||
|Bank Current Accounts||||123,778|235,992|
|Bank Deposit Accounts||||120,662|15,753|
|Cash in Hand||||||
|||||------------|------------|
|||||244,440|251,745|
|||||-----------|-----------|
|**Other Assets**||||||
|Fixed Assets – Note 9||||||
|- Buildings & Contents||||3,350,891|3,253,292|
|||||---------------|---------------|
|||||3,350,891|3,253,292|
|||||---------------|----------------------------|
|**Liabilities**||||||
|Loans||||||
|Other||||||
|||||-----------|-----------|
|||||----------|----------|
Approved by the Presbytery at a meeting on 9th March 2021 and signed on its behalf by
Name Rev Thomas Bruce Name Rev Paul Linkens Signed Signed Date 9/3/21 Date 9/3/21
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## **THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2019**
## **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**|**2019**|**2018**|
||£|£|£|£|£|
|Assessments on congregations|25,830|||25,830|18,748|
|Collections at events||4,158||4,158|3,787|
|Donations and gifts|2,519|2,519|2,519|2,519|2,519|
|From Londonderry Presbyterian -|||||133,739|
|City Mission (L.P.C.M.)||||||
||----------|------------|----------|------------|----------|
||25,830|6,677||32,507|156,274|
||----------|------------|----------|------------|----------|
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## **THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS**
## **31 December 2019**
## **3. CHARITABLE ACTIVITIES**
|||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|**2019**|**2018**|
|||£|£|£|£|£|
|Fundraising events|||||||
|Grants|||2,610||2,610|14,589|
|||----------|----------|----------|----------|----------|
||||2,610||2,610|14,589|
|||----------|----------|----------|----------|----------|
|**4.**|**OTHER TRADING ACTIVITIES**||||||
|||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|||**Funds**|**Funds**|**Funds**|**2019**|**2018**|
|||£|£|£|£|£|
|Letting of premises|||||||
|Trading income|||||||
|||----------|----------|----------|----------|----------|
|||----------|----------|----------|----------|----------|
|**5.**|**INVESTMENT INCOME**||||||
|||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|||**Funds**|**Funds**|**Funds**|**2019**|**2018**|
|||£|£|£|£|£|
|Deposit interest||37|||37|54|
|General Investment Fund|||||||
|Rents investment properties|Rents investment properties||||||
|Investment interest|||81,383||81,383|4,403|
|||----------|----------|----------|----------|----------|
|||37|81,383||81,420|4,457|
|||----------|----------|----------|----------|----------|
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## **THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS**
## **31 December 2019**
## **6. OTHER INCOME**
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2019**|**2018**|
||£|£|£|£|£|
|Advertising & sale receipts news -|11,894|||11,894|11,272|
|sheets||||||
|Refund sick supply/vacancy -|302|||302
551|551|
|conveners fees||||||
|From Exodus towards utility costs -||4,148|4,148|4,148|3,265|
|Strand Road property|Strand Road property|||||
|Currency conversion|||||78|
|PW Link fees & resource packs||610|610|610|506|
|Other income|||300|300|300|
||----------|----------|----------|----------|----------|
||12,196|4,758||16,954|15,972|
||----------|----------|----------|----------|----------|
|**7.**
**RAISING FUNDS**||||||
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**2019**|**2018**|
||£|£|£|£|£|
|Fundraising events||||||
||----------|----------|----------|----------|----------|
||----------|----------|----------|----------|----------|
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## **THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2019**
## **8. CHARITABLE ACTIVITIES**
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2019**|**2018**|
||£|£|£|£|£|
|Presbytery ministry and support -|17,884|||17,884|13,052|
|staff costs||||||
|Pulpit & sick supplies|1,948|||1,948|3,832|
|Cost of producing news sheets|10,125|||10,125|12,589|
|Presbytery running costs|2,236|10,876||13,112|16,568|
|Donations and grants to missions -||17,228||17,228|18,414|
|and charities||||||
|PW Link resource packs||301||301|415|
|Cost of events|891|3,337||4,228|5,196|
|Governance costs||||||
||----------|----------|----------|----------|----------|
||33,084|31,742||64,826|70,066|
||----------|----------|----------|----------|----------|
## **9. FIXED ASSETS**
The Presbytery owns the premises situated at Strand Road Londonderry and the associated fixtures, fittings, plant and machinery. These have an insurance value of £3,350,891 at last renewal date.
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## **THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2019**
## **10. FUND BALANCES**
|**Fund**|**Balance at**|**Receipts**|**Payment**|**Surplus /**|**Transfer**|**Balance at**|
|---|---|---|---|---|---|---|
||**start**|||**(Deficit)**||**end**|
||£|£|£|£|£|£|
|**Unrestricted Funds**|||||||
|Presbytery Incidental Fund|36,684 38,063 33,084 4,979|36,684 38,063 33,084 4,979|36,684 38,063 33,084 4,979|36,684 38,063 33,084 4,979||41,663|
||----------|----------|----------|----------|----------|----------|
||36,684 38,063 33,084 4,979|36,684 38,063 33,084 4,979|36,684 38,063 33,084 4,979|36,684 38,063 33,084 4,979||41,663|
||----------|----------|----------|----------|----------|----------|
|**Restricted Funds**|||||||
|Incidental Interest Fund|1,945|74,373|74,288|85||2,030|
|L.P.C.M. Fund|133,739||10,000|(10,000)||123,739|
|Education Board|1,247|1,716|2,097|(381)||866|
|Strand Road Property Fund|20,772|4,562|6,970|(2,408)||18,364|
|Mission Support Fund|37,536|271|2,081|(1,810)||35,726|
|Youth Council|11,458||538|(538)||10,920|
|Education Award Scheme|7,896|9,738|6,931|2,807||10,703|
|PW Link|468|4,768|4,807|(39)||429|
||----------|----------|----------|----------|----------|----------|
||215,061|95,428|107,712|(12,284)||202,777|
|||-----------|---------||----------||
||----------|||----------||-----------|
|Total|251,745|133,491|140,796|(7,305)||244,440|
||----------|----------|---------|----------|----------|-----------|
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