CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2022
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT)
Note
Unrestrlcled
Fund$
Re$trt¢tsd
Funds
Total
2022
Unrestr5cted
Funds
Restrlctsd
Funds
Total
2021
Ineomo and
8ndowmonts from:
Charitable AciNibes
1,088,92g
1,315,571
2,404.500
1.149,357
968,021
2.117,378
Inve51rnents
2,790
72.763
75,553
2,657
65.332
67,989
Other
14,047
212,892
226.939
13.268
246.626
259.894
Total
1.105,766
1,801.226
2,706,992
1.165.282
1,279.979
2,445,261
Exp8ndlturo on:
Charitable AclThiilies
935.024
1,340,801
2.275.825
976.955
1,047.540
2.024.495
Inveslments
other
118.ogn
175.384
157.28Y
18.450)
238.680
230.230
Total
916.927
1,516.185
2.433,172
968.505
1,286.220
2.254.725
NET Ioulngylncome
188.839
85.041
273,880
196.777
1fj.241}
190,536
Gainsloosses) on
inve51ments
{11.9251
1217.5161
{229.441)
7.759
237.638
245.397
Transfers
151.0901
51.090
1239.9551
239,955
N•t Movomont In
Funds
725.824
181.3851
44.439
135,419)
471.352
435.￿3
R•conclllatlon of
funds
Tolal Funds bro￿ht
forward
21
637.746
3,025,861
3.663,607
673,165
2.554.509
3,227,874
Total Fund$ canred
fornard
763,570
2,944,476
3.708,046
637.746
3,025.861
3.663,607
The slatement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities
The notes on pages 15 to 32 fom part of these accounts
12

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
BALANCE SHEET
Notes
2022
2021
Fixed assets
Tangible assets
Investments
14
15
15.838
2 448 333
2,464,171
21.118
2 677 773
2,698,891
Current assets
Debtors
Cash at bank and in hand
17
18
312,631
1357 124
1,669.755
324,381
1102436
1,426,817
Current Liabilitses
Credilor5- amounts falling due within one year
19
168 112
Net current assets
1501643
1364 193
Total Assets Less Current Liabilities
3 965 814
4 063 084
Creditors.. amounts falling due after more Ihan one year
20
{257,768)
{399.477)
Total Net Assets
Funds
Unrestricted funds
Restricted
21
21
763.570
2 944 476
637.746
3 025 861
Total Funds
Theses financial statements were approved and authorised for issue by the Diocesan Council on
on its behalf by:
. and signed
(Clerical Honorary Secretary)
(Lay Honorary Secre
The notes on pages 15 to 32 form an integral part of these financial slatem8nts.
13

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 December 2022
2022
2021
Notes
Cash flows from operating
activities
Cash generated from
operations
24
202,723
(31,700)
Investing activities
Purchase of tangible fixed assets
Investment income received
{10,534)
67.9B9
75,553
Net cash (used in)Igenerated
from investing activities
278,276
25,755
Flnancing activities
Increasel(decrease) in bank loans
(23,587)
155,781
Net cash used in financing
actlvltles
(23.587)
155,781
Net increasel{decrease) In cash
and cash equivalents
254,689
181,536
Cash and cash equivalents of
beginning of year
1,102,435
920,899
Cash and cash equivalènts at
end of year
1,357.124
1,102.435
Relatlng to:
Bank balances and short term
deposits
1,357,124
1,102,435
14

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS
ACCOUNTING POLICIES
The PTin¢ipal accounting policies, judgments and key sources of estimation uncertainly are set out below.
(a) Basis of accounting
These financial statements have been prepared under the historical cost convention and in accordance
with applicable accounting standards, the Statement of Recommended Practice (SORP} Accounting and
Reporting by Charities" effective January 2015 and FRS 102 "The Financial Reporting Standard Applicable in
the UK and Republic of Ireland"
The Diocesan Council Members consider that these accounting policies are suitable, have been consistently
applied and are supported by reasonable and prudent judgmenl and estimates.
The Diocese of Down and Drornore meets the definition of a public benefit entity undef FRS 102. The
financial statements are prepared in accordance wilh the historical cost converbtion.
(b) Going concern
The Diocesan Council has reviewed the budget for the year ahead. and is satisfied that there are adequate
funds in place to ensure that the Diocese can continue its activities. There are no material uncertainties about
the organisation's ability lo continue, and on that basis it is a going concern.
(c) Income Recognition
Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured
with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming
fully entitled to it or where the donor has specified that the income is to be expended in a future period.
Grants. including capital grants. from the govemment and other agencies have been included as income from
activities in furtherance of the charity's objects where these amount to a contract for services, but included as
donations where the money is given in response to an appeal or with greater freedom of use. for example.
government block grants. Donated facilities are included al the value lo the charty where this can be
quantified and a third paty is bearing the cosl. No amounts are included in the financial statements for
services donated by volunteers.
(d) Expenditure
Expenditure is included in the Statement of Financial Activities on an accruals basis. exclusive of any VAT
which can be recovered.
Certain expenditure is directly attributable to specific activities and has been included in those cost categories.
Certain other costs. which are attributable to mofe than one activity, are apportioned across cost categories on
the basis of an estimate of the proportion of lime spent by staff on those activities.
(el Fund Accounting
Designated funds are unreslricted funds set aside at the discretton of the trustees for specific purposes.
Unrestricted funds are funds that are available for use at the trustees, discretion in furtherance of the
objectives of the Diocese in accordance with the regulations that govern the Diocesan Council.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is
restricted by the funder to that area or purpose.
15

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS (CONT'DI
(f) Investments
All income from investments is a¢Gounted for on an accruals basis. Deposit interest receivable, expenses and
interest payable are accounted for on an accruals basis. Listed investments comprise those quoted on a Stock
Exchange. These investments have been valued at market value which is based on Ihe middle market prices
ruling at the close of business on 31 December 2022. Any realised profils or losses. arising on fixed asset
investment sales are taken direct to the slaternent of financial activities. Profits or losses are calculated on the
average cost basis.
(g) Depreciation of tanglble fixed assets
Tangible fixed assets are stated al cost less depreciation. Depreciation is PTDvided at rates calculated to write
off the cost less estimated residual value of each asset over its expected useful lrfe, as follows..
Equipment, Fixtures & Fittings
Freehold Buildings
25% reducing balance
2 % straight line
Buildings are not depreciated. 11 is the policy of the Diocese to maintain ils properties in a state of good repair.
The Diocesan Council's assessment of the residual value (based on values prevailing at acquisition) and useful
economic life of the long leasehold property is such that the charge for depreciation would not be significant-
consequently this property is not depreciated. The depreciation rate forfixtures & rrtting and computei equipment
was changed to reducing balance from straight line a5 the Council feel this is a better reflection of the value of
the assets to the Di0￿se.
(h) Impaimient of fixed assets
At each balance sheet date, the carrying amounts of tangible and intangible assets are reviewed to detemiine
whether there is an indication that those assets have suffered an impairment loss. whe￿ the carying value
exceeds the estimated recoveTable amount (being the greater of fair value less costs to sell and value-in-usej,
an impaimient loss is recognised by writing down the assets cash-generaling units to their recoverable amount.
An impairment Ioss 15 recognised immedialely in the profit and loss. Any reversal of a previous impairment loss
is similarly recognised immediately in the profit and loss.
{1} Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
li) Cash at bank and in hand
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid
investments with original maturitie5 of three months or less.
(kl Creditors and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event
that will probably result in the Iransfer of funds to a third party and the amount due to settle the obligation can
be measured or estimated reliably. Creditors and provisions are normally recognised al their settlement 8mount
after allowing for any trade discounts due.
(l} Financlal instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instrument5 are initially recognised al transaction value and subsequently measured at their
settlement value.
16

CHLIRCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS (CONT'DI
(m) Pension costs
The Diocese contriblfrtes to the full costs of the pension scheme for staff of the Down and Dromore & Connor
Joint Committee and the full cost of pension contributions for staff employed by the Diocesan Council.
Contributions payable are charged to the Revenue Account in the period to which they relate. These
contributions are invested separately from the assets of the Diocesan Council.
Income from charitable activities
2022
Urtr05tr4¢t8d
Funds
2021
Unfestricted
Funds
0è$19nated
Funds
Restrlcted
Funds
Total
Deslgnatod
Funds
Restrlct8¢J
Funds
Total
Pafochial
8sses5menls
Mission &
ministry
receip15
834.432
834.432
851,340
851,340
47,175
158,947
1,009.664
1.215.786
34.460
147,706
863,254
1.045.420
47,175
993.379
1,009.664
2,050.218
34.460
g99,046
863,254
1.896.760
Grants
Governmenl
gfanl JRS
10.000
38.375
305.9)7
354.282
54,777
101,806
202.583
15.074
2.961
18.035
Totsl
57.175
1.031.754
1.315,571
2.404.500
80.460
1.(￿8.697
968.02?
2.117.378
Income from investments
2022
2021
D•slgnatod
Fund5
Unrestrictod
Funds
R•strlctad
Funds
Total
Deskgnatod
Funds
Unrestrlctsd
Funds
Re3trlcted
Funds
Totsl
Dividends
Interesl re￿Nable
2,790
70.738 73,528
2.025
2,025
2.657
65,278
67,935
54
2,790
72,783 75.553
2.657
65.332
67,989
Other Income
2022
2021
D¢$lgnated
Fund¥
Unr$strletsd
Fund$
Restrictod
Total
0oslgn•ted
Fund$
Unre5tflcted
Fund$
Total
Fund$
Funds
Sundry Items
Slipet￿$
14.047
13.928
27,975
198.964 198,964
13.268
15.840
230.786
29,108
230,786
14,047
212,892 226.939
13.2fj8
246,fj26
259,894
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CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS (CONT'DI
Breakdown of expenditure on charltable activities
Notes
2022
2021
Grants & Ministry Support
Priorities, fund
Central Church Assessments
Clergy Pension
Project Delivery
Support Costs
294,019
62,920
170,304
742.121
684,436
322,025
84,029
58.988
172,044
720.043
666,056
323,335
10
2,275.825 2.024.495
Grants and support for ministry
2022
2021
Designated UnE8Strlded Restrlcted
Funds
Funds
Funds
Total Deslgnated Unr•stri¢ted Restrl¢ted
Funds
Funds
Funds
Total
rants In Su
ort of Parishgs
Dokw Cathedral (geneial Supporti
Bangor Primacy
Belfasl". Sl Brendan'5
Wesl Wnds Newtownards
Various Parishes- COI Orphans
COVID Grant
VaTi¢)us Parishes- COI Orphans
Sunday School Grant
Diocesan Rejuvenalion Fund- Sl
Brendan's
Di0￿$80 Rejuvenation Fund -
GilnahiFk
Diocesan Rejuvenation Fund -
Castlewellart
Diocesan Rejuvenalion Fund-
Kilcoo
Diocesan Rejuvenation Fund . St
JDhn's Lurgan
20,000
20.000
3,500
5.000
20.000
20,000
20,000
3.500
3.500
10.000 10,000
1.000
3,500
5,000
2.500
17.500
1.000
3.600
3,6(X)
16.000
16.000
5,000
5.OlX)
5,000
5.000
2,500
2.500
2.500
2,500
5.000
5,000
17,500
20.000
47,000
84.500
1,000
20.000
17.100 38,1¢XI
Grants for Dloce
actlvllles
&rel
The HUB Belfasl
Church Plant Fund
Ministry Apprenlice S¢heme
Rejuvenation Fund
Lambeth Resdotion Grant
3,000
e.750
3.OOQI
3.000
6.750
5.000
13,500
9.248
37.496
13,500
9.248
37.498
3.000
3.000
RCB COVID Support to Parlshgs
COVID Granls
111,740 111,740
111.740 111,740
17,500
57.498
158.740 233.738
1,000
23,000
17,100 41 100
20

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS {CONT'D)
Minlstry Support
2022
2021
Deslgnatod
Funds
Unr•stFlcled
Funds
Rostri¢t¢d
Funds
Total Dsslgnated
Fund$
Unre¥trl¢ted
Funds
R8strictod
Funds
Toial
Cler
Trai
Curates, Children's
Allowances
Pastoral Support
Clergy Conferen
Sabbaticals
1,057
1,057
1.373
1,373
5,202
5,714
1.500
12,416
590
5.792
9.541
4.416
5,202
422
8,202
422
3.827
2.916
8.706 21.122
525
525
5.624
1,582
7,206
Tralnln
Develo
& Profe
me
onal
Book Vouchers
Lay Mlnislry Education
Foundation Year grants
Diocesan Evangelo%ts
Educalion cwrses
Continu31 Ministerial
Educalion
Ordained Local Ministry
Bible course5 & Iraining
Other
2.475
2,475
5.346
1.743
2.250
2,250
16,983
5.346
16,983
t.743
198
2.176
1,196
2.374
1.196
2.7fj0
f,B83
2,760
1.883
2.353
2,353
8,635
8,635
1.295
1,295
13.382 15,020
1.075
5,791
5.791
1.638
1.075
2,945
246
2.945
758
512
21.361
17,796 39.159
30.282
5,441
35.723
35,9C6
7.023
42.929
Totsl
33,7Y7
26.504 60,281
Project Delivery
2022
2021
Bishops Ministry Fund Expenditure
Church Plant Expenditure
Communications
Council for Mission
Cover Duty
Di¢xesan In-service Fund
Prison Chaplaincy
Scheme Income payments
St Brendans & St Clements
Youth & Children
24,248
373.522
34,920
39,679
278,947
40,054
8,456
14,075
235
19,205
16,678
59.916
188,811
22,965
12,035
17,211
36.674
162,861
684,436
666.056
21

CHURCH OF IRELAND DIOCESE OF DOVIN AND DROMORE
FINANCIAL STATEMENTS FOR THE Y￿R ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS (CONT'DI
10
Support Cost Breakdown
Total
Costs
2022
Total
Costs
2021
Down and Dromore and Connor Joint Committee Expenses
Net movement in Jolnt Committee during the year
Diocesan funclionaries, expenses
Staff salaries
Staff secondment, paid lo parish
Diocesan Surveyor
House costs
Diocesan Synod Costs
Audit and accountancy fees
Legal Expenses
Professional Se￿ICe$
Removal grant
Bank fees
Insurance
Depreciation
IT & Photocopying
Contact management system
Sundry
60,791
61,401
(34.761)
10,421
15,946
13,907
160,388 156.798
6.220
6,039
19,009
11,847
2.250
1.823
6.106
4.144
8,580
8,880
33,269
11.990
3.366
5.202
13.863
12.694
616
437
2.030
1.487
5.279
5.587
5.347
6.909
8,113
15
5,613
3.756
322,025 323.335
11 Other expenditure
2022
2021
Provision for bad debts
Stipends
Legal defence insurance
Di0￿san Cathedrals
(59,6831 (22,2831
209,589 223,741
7,381
6,534
12
Net movement in funds
2022
2021
Net movement in funds is stated after charging-.
Auditors remuneration
Depreciation
4,800
4,800
22

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS (CONT'D)
13 Staff costs
Joint Committee staff:
2022
2021
Wages and salaries
Employer's NIC
Pension Costs
86,556 117,366
8,497
10,099
Down and Dromore staff:
2022
2021
Wages and salaries
Employerfs NIC
Pension Costs
161.371 144.181
13,562
11,630
Churth Plant and Parish Worker staff:
2022
2021
Wages and salaries
Employer's NIC
Pension Costs
204.262 174,230
15,626
13,002
Prison Chaplain:
2022
2021
Wages and salaries
Employer's NIC
Pension Costs
10,532
306
Total staff costs:
2022
2021
Wages and salaries
Employer's NIC
Pension Costs
462.721 435,777
37.991
34.731
No employee received emoluments of more than £60,000 (2021.. Non&)
Ke
Mana
ement Personnel
The total amount of employee benefits received by key management personnel in the period was £91.353 (2021:
£88.277>. The Council considers ils key management personnel comprises of the Di0￿san Secretary and Diocesan
Development Officer.
Trustee remuneratio
and ex
enses
The Diocese of Down and Dromore paid allowances. gifts and expenses to Diocesan Council Members amounting to
£8.545 (2021-. £6,269). No charity Truslee received payment for professional or other seryices supplied to the charity
(2021.. £nil).
The average number of persons paid by the organisation during the year was:
2022
2021
Joint Committee staff
Down and Dromore staff
Church Planl staff
Prison Chaplain
Parish worker
Total
23

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS ICONT'D)
Diocesan administration has been reslruclured with new arrangements implemented in early 2017. This means that the
Diocese no longer shares joint administration with the Diocese of Connor, but instead has IÉS own staff operating in new
roles designed both to modernise and improve the management of Diocesan business and lo reduce costs. It should be
noted that a number of Down and Dromore staff have been contracted to the Diocese of Down and Dromore & Connor
Joint Committee. In October 2022 those Down & Dromore staff employed by the Joint Committee had new contracts
issued and became employees ofthe Diocese of Down & Dromore. As a result the Joint Committee payroll was closed
from this date and the amounts detailed above reflect this change in payrolls in 2022. The salary costs of these four staff
paid through the Down and Dromore payroll to September 2022 amount to £101,346 {2021'. £136,767)
The Diocese also facilitated the payment of eighl Church Plant workers and one Prison Chaplain. the total salary costs of
these workers lotalled £246.994 (2021.. 202.285) The Diocese is reimbursed by the relevant Chur¢h Planuparish and
Northern Ireland Prison Service for the salary costs incurred.
14 Tangible fixed assets
Equipment,
Fixtures &
Fittings
Cost or valuation:
At 1 January 2022
Additions
At 31 December 2022
36,005
36.005
Depreciation.,
At 1 January 2022
Charge for year
At 31 December 2022
14,887
5,279
20,167
Net book value:
At 31 December 2022
15,838
At 31 December 2021
21.118
No assels were held under finance leases or hire purchase contracts
15
Investments
Listed
Investments
Property
Investmenls
Total
Investments
Market Value at 1 January 2022
Additions at Cost
Dlsposals
Revaluation
Reallsedlunrealised gainsl(losses)
2.454.923
222,850
2.677.773
(229,440)
(229,440)
Market Value at 31 December 2022
2.225,483
222,850
2.448,333
Cost of Investments
1.153.547
200,000
1,353,541
24

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iJ

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORe
HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS (CONT'D)
16 Joint Committee with Connor Dlocese
JOINT INCOME & EXPENDITURE ACCOUNT
2022
2021
INCOMING RESOURCES
Rents and Conlribulions
187,339
186,195
Inveslmenl Incom¢lBank Inlèiesl
oth￿ Income
5,922
187.339
192,117
RESOURCES EXPENDED
Wages & Salaries
Office & B￿ldIng Maintenance
HotJ5e Running Cos15
Dopieciation
34.567
33.416
19.212
33.897
145.645
63.481
5.646
7.492
122.906
220.450
Net movemeol in funds
64,433
128,3331
NET INCOMING RESOURCES
Share of net incominy resowces due lo Dioceses of Ènd Dromore
Share of net Ènconwng resources due lo Diocese of Connor
32.217
114.1671
114,167)
32.217
Balance al 1 January 2022
205.185
233.518
Balance at 31 December 2022
269.618
205.185
BALANCE SHEET AT 31 L>ECEM8ER 2022
FIXED ASSETS
Tangible K8sets'.
Share owned by Dio¢ese ¢y Connor
758.843
761.388
sha￿ 0￿ed by Diocese ol Dvwn and Dromoftr
758,843
761,386
NET CURRENT LIABILITES
Share owned by Diocese of Conrsor
Share owned by Oio¢ese of Down and Dromore
88,954
54,193
54,193
88.954
1.695,594
1.631,162
RESERVES
Dlocese of Connor
B47,797
847,797
815,581
Diocese ol Do¥%r aTrY DTomore
815.581
1,695,594
1.631.182
These figures do not fomi part of the Di￿eSe of Down and Dromore accounts and are only shown here as the Diocese of
Down and Dromore have a 500h share in the Diocese of D¢)wn and Dromore & Connor Joint Committee.
26

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS (CONT'D)
17
Debtors
2022
2021
Debtors
Provision for doubtful debts
Joint Committee
Representative Church Body
Prepayments
95,581
(56,954)
88,954
174.160
10.890
218.271
(160.903)
54,193
192.000
20,820
312.631
324.381
The balance of £174,160 with the Representative Church Body is in relation to the purchase of property for the
Moneyreagh Church Plant.
18
Cash & Bank
2022
2021
Funds held at-.
Representative Church Body
Nationwide Building Society
Banks
416.844
17,476
922,804
399,786
17.361
685.289
1.357.124
1.102,436
19
Creditor: amounts falling due within one year
2022
2021
Accruals
Loan from RCB
Bank loans and overdrafts held at:
Danske Bank
RCB
22.411
128,763
35.045
16,392
546
15,481
12.098
168.112
62,624
20 Creditor: amounts falllng due more than one year
2022
2021
Bank loans- Danske Bank
Representative Church Body
157,768
100,000
170,714
228,763
257,768
399,477
The D8nske Bank loan is repayable al a rale of interest of 6.00% over Dan$ke Bank Relerence Rale. wilh 8 year3 iepaymenis remalnir6.
The Repre5enlalivg Chltrch Body Grant was made lowaid5 the inilial acqui$illon and developmenl Costs of the new Church of Iieland House. This granl
1$ du* lo be repald pro rala io Ini(ial acqulsition and development ¢￿tS In relation to any profil proceeds if the property is ever dlsposed of by sale or
lease and nol reploctrd on a similar scale for similar purposes,
27

O * *
¢n ts ¢>
o o •
4> O IN
) * n
4D

C14URCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS ICONT'D)
Desi
nated Funds
The details of the main elements that make up the various Deslgnated Funds are as follows..
General Church Plant Fund- Support ofthe overall Church Plant work.
Unrestricted Funds
The details of the main elements that make up the various Unrestrlcted Funds are as follows=
Expenses Fund - The General Diocesan Office. Clergy Cover Duty, Prison Chaplaincy. Registry Fees, & St Brendan's
and St Clement's Ministry cover.
Development Fund - Central Church Assessments, including Priorities Fund, grants in support of church development &
Bishop's Office.
Ministry Fund- Pastoral Care, counselling & general support for those in Ministry
General Fund - Parish Assessments
Development Office, Youth & Children's Work- All activities relating to general Dtocesan Development wotli. Youth &
Chiklren's support. includin9 Camps. Confirmation WIEnd. Summer Madness, Youth Leadership & Mission Trips.
Companion Link- Support of link Diocese
Diocesan in Servlce Fund - Support of Clergy & those in Ministry - Continual Ministerial Education, Diocesan Readers,
Bishop's Bible Course, Ordination retreats & Clergy Conference.
Dlocesan Communlcation - The work of the Diocesan Communications Officer
Council for Mission - The work of the Council for Mission
Diocesan Ordination Fund - Support of Ordinands
Col House Fund - The development of Church of Ireland House. Belfast
Restricted Funds
The details of the main elements that make up the varÈous Restricted Funds are a5 follows=
Col House Fund - The development of Church of Ireland House, Belfast
Church Extension Fund - Support for Church extension work.
Young Adults Fund - To sUPPOrt young adults work within the Diocese
Belfast Additional Clergy - Support for Addltional Clergy in the Greater Belfast Area
Endowment Fund - General support of the Diocese in line with original trust deeds
Superannuation Fund - For the support of Clergy Pensions within the Diocese in linè with original Irust deeds
Parish Support Fund- Support of Poor Parishes as the Council may decide
Bishop's Ministry Fund - Support of the Bible Week, Confirmations, Qrdinations, St Patrick's Day celebrations and
Clergy Conference.
Stipend Fund - Clergy Pensions, Stipends & child all¢)wanGes to curates
Social Services Fund- Support of Social programrnes within the Diocese
Commissioned Workers Fund- For the support of women in 'Commissioned posts, within the Diocese.
Diocesan Cathedrals Fund - Support of Down Cathedral and Dromore Cathedral
Dundrum Church Plant Fund- Support for the Church Plant work in Dundrum
Lower Branlel Church Plant Fund - Support for the Lower Braniel Church Plant
Moneyreagh Church Plant Fund- Support for the Moneyreagh Church Plant
Killough Church Plant Fund - Support ofthe Church Plant work in Killough
Titanic Church Plant Fund- Support for the work in Titanic Church
Tullycarnet Church Plant Fund - Support of the Church Plant work in Tullycarnet
General Church Plant Fund - Restricted Church Planl support
Rejuvenation Fund - For the support of churches committed to revitalisation of their ministries & outreach
Outreach to Asylum Seekers & Refugees - Support of the outreach to Asylum Seekers & Refugees
Forge - Support for the Diocesan Ministry Apprenticeship Scheme
30

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS {CONT'D}
21
Funds {cont'd}
Designated
Funds
Unrestricted
Funds
Restricted
Funds
Total
Nel incoming l (outgoing) resour￿$
Transfers
Increase in market value of investments
34,726
{28.842)
154,113
(22,248)
11.925)
119,940
85.041
51,090
1217.5161 1229.441)
(81.3851
44,439
273,880
5,884
Al 1 January 2022
76.028
561.718
3.025.861
3.663,607
At 31 December 2022
81.912
681.658
2.944,476 3.708,046
22 Analysis of net assets between funds
Fixed Assels
Investment
Assets
Current
Assets
Long Term
Liabilities
Total
Designated funds
Unreslricled funds
Restricted funds
81,912
548.145
871.586
1,501.643
81.g12
681.658
2,944.476
3.708.046
15,838
157.140
2.291.193
2.348,333
(39,465)
(218.303)
(257.768)
15,838
23 Penslon costs
Defined contribution scheme
The Diocesan Council operates a defined contribution pension scheme_ The assets of Ihe scheme are held separately
from those of the organisation in an independently administered fund. The pension cost and charge represents
contributions payable by the Council to Ihe fund and amounted to £26,409 (2021.. £26,481).
The Down and Dromore & Connor Joint Committee operates a defined contribution scheme and a separate targeted
group personal pension scheme. The ￿herne does not guarantee the level of benefits achieved by members. The assets
of the scheme are held separately from those of the Joint Committee in an independently administered fund. The pension
costs charge represents contribution payable by the Jolnt Committee to the hjnd and the cosls of death in service benefils
for employees and mounted £8,688 (2021.- £9,303)
31

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS (CONT'DI
Reconciliation of Operating Surplus to Net Cashflow from operating Activlties
2022
2021
Net incoming resources for the year
Depreciation
(Decrea5ellincrease in creditors
Decrea5el(increase) in debtors
Investment income receivable
Gains on investments
44,439
5,279
(12,635)
11.752
(75.553)
229.441
435,933
5,587
18.416
{178,250)
(67,989)
(245,397)
Net cash inflowl{outflow) from operating activities
(202.723)
{31.700)
25 Related Party Transactions
During the year ended 31 December 2022, The Diocese of Down and Dromore paid allowance5, gifts and expenses to
Diocesan Council Members amounting to £8.545 (2021.. £6,269}
The parishes of St Donard's and Seapatrick each received £3,110 to reflect the work Carried out on Diocesan business by
the ArGhdeacon of Down and the Archdeacon of Dromore respectively.
The Diocese of Down and Dromore carries out transactions wÈth a number of connected organisations within the Church
of Ireland, these being the Diocese of Down and Dromore & Connor Joint Committee, the Representative Church Body.
the Church of Ireland Trustees. the Church of Ifeland Okphans & ChiEdren's Society for the Counties ofAntrim & Down,
the Church of Ireland Priorities Fund and New Wine. The Diocese of Down and Dromore is connected with the above
bodies by virtue of a number of Diocesan Council members being representative5 on the decision making bodies of these
organisations. During the year transactions with these bodies amounted to income of £267.227 (2021: £102,035) and
expenditure of £1.296.882 (2021= £1,282.993). At the year end, amounts owing from connected or9anisalion5 amounted
to £20.067. Amounts owed to connected organisations amount to £129,309.
The Diocese of Down and Dromore has a 500/0 Stake in the Joint Committee.
26 Contlngent Liabilities
A contingent liability exists where the Diocese has to pay the Stipend payments to the RCB for Parishes when they are
unable to cover the cost5 of their Incumbent's Stipend. This is monitored by the Council on a regular basis.
32