CHURGH OP IRELAND DIOCESE OF C¥Ql*llN AND DROMORÈ
FINANCSAL STATEMENTS FOR THE y￿ft ÈNDEO J1 DECEMBER 2023
STATEDAENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT
Noto
Unr¢￿1r1¢19d
FLand5
AÈ$trl¢i4d
Funds
Unr•$trlcted
Fundi
R#sirl¢tsd
Funds
Total
2022
2023
Incom& an¢
ènctowrn•nts from:
Charitabl8 Activiti&$
1,189,752
1,2?4,328
7"1,2Sf?
2.414,080
79,797
1,088,929
1,313,511
2,404.500
75,553
Inv9$1mfjnls
2,,531
2,790
14.047
72,Pfj3
Othor
69,048
1,077,946
1,146,0>3
212,892
226,939
Total
1.261.331
2,379.539
3,640,S70
1,1 OS, T66
1,eoi.226
2,706,992
Expèndlturè tstt:
ChaTrt$ble AclNIti•
1.209,919
1,293,693
P,tyO2,È>12
915,02,4
1,340.801
2,?7S,825
Inveslments
Olhof
11
187.424
19'1,678
118,0971
178,384
157,287
Totsl
1,214,371
1,481,117
2,¢95,488
516,927
1.518,185
7.41J,112
NF.I' (Qulinglllncome
48,960
899,422
945.382
.188,839
8fj,041
273,880
Gainsll1055e5) an
investments
78,1J3
82.059
111.925
1217.$161
1229.441?
Tr&n8tsrg
114?,fJ091
143,ts09
151.0901
Oth*¥ mfJv•in8ntg
Tran$lÈr from rèseNè5
(114,0501
1114.050}
Net Mo¥¢mgnl In
Funds
{92.6431
1,006,034
913,391
125,a24
181,3851
44,439
Rè¢oiiolliation of
fuiids
Total Fund$ brou9h
fothard
21
763 $70
2 944 47fj
3,708,046
637 746
8 025 881
3 663 607
Tuial P'uttd$ carried
fOr￿ard
670.927
3,950,51 Q
4,621,41Y
763,570
2,944,47fj
3.708,046
The statèment of linancial aGtIVitieS in¢ludes all gains and losses recogrtised In the year,
All in¢Omè and expenditure derlvè from continuing actlvitles
The notes on pages 15 to 33 form part of these 8ccounts
12

CHURCH OF IRELANO DIOCESE OF DOWN AND PROMQRÉ
FINANCIAL STATEMENTS FOR TNE YEAR ENOEO 31 DECEMBER 2023
BALANCE SHEET
Notes
2023
2022
Flxed a88et8
Tangible assets
Investmènts
14
15
11.369
15,838
2 448 333
2,464.171
2,688,473
Current a$setS
Oebtors
Cash at bai)k and in hand
17
18
934,438
1026 64-1
1,961,085
312,631
1357 124
1,669,755
Current Llatyilitles
Creditors.. amount8 falling due wilhin one year
19
-118B 11
Net CUT￿nt assèts
Total Assets Less Curyont Liabilities
Creditors,, amounts falllng due after more than one year
20
12$7,788)
Total N¢t A85ot$
Fund¥
UnrestriGted funds
Restriotéd
21
21
670,927
510
763,570
2 944 476
Total Funds
These5 financial statements were approved and autttorised for issue by the Diocesan Countil onL3-S-..,2t., gn¢ signe
on its behalf b
{Clericg1 Honorary Socretaryj
(Lay Honorary SÈcrÈta
The notes on pages 15 to 33 form gn integral part of theèe financial ststements.
13

CHURCH OF IRELAND DIOCESÉ OP OOWN AND DROMORE
FINAN¢IAL STATEMENTS FOR THE YEAR ENDEQ $1 DECEMBCR 2023
STATEMENT OF CASH FLOWS
FOR T14E YEAR ENDED 31 December 2023
2023
2022
Notes
Cash flows from opor?¢ing
activities
Cash gpnerated from
operations
24
10,464
202,723
InvestlDg a¢tivitl88
Purchase of investments
Disposal of lan9ible fixèd asseis
Inv@stm8nl income received
1146.713)
680
75,553
Nèt cash (usod In)IgÈnerat&d
from Investlng activitle$
(55,7721
278,276
Financirtg actlviti•$
Increasel{decroase} in bank loans
274;705)__
(23,S87
Net Gash used In Ilnancing
actiVitl¢s
{214,7051..,
-123,5871
Net inGrea$el(dȢrease) in cash
and Gash 8qulvalonts
(330,4771
254,689
Cash and cash equivalertts of
beginning of year
1,357.124
1,102,435
Cash and cash oqulvalents at
ersd ol year
1,026,647
1,357,124
Relating to:
Bank balances and short term
deposits
1,026,647
1.357,124
14

CHURC14 OF IRELAND DIO¢E$e OF DOWN ANO OROMORE
FINANCIAL STATEMENTS FOR YHÈ YEAR ENDED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS
ACCOUNTING PQLICIES
rhe principal arcounting policies, judgments and key sources of estimation uncÈrtainty are set out bÈlow.
faj gasl8 ol a¢¢ounting
These financial statements havÉ been prepared undef thè historical ¢051 convention and In aGcordÈn¢e
with applicable accounting signdards, the %latement Df Recommended Practice (SORP) Accounting and
Reporting by Charities. effectivé Jsnuary 2015 and FRS 102 "The Finan¢i?l RÈporting Standard ApplitablÈ in
the UK and Republic ol Ifel?nd'.
The Diocesan Council Members consider that thèsè accounting policies are suitable, have been ctsrtslstttntly
applied and are supported by réasonable and prudent judgment and estimatés.
The Dioc&se ol Down and Dromore meets the dèfinition of £ public benefit @ntity uiider FRS 102. Ttte
financlal statements are prep8red in accordance with the histori¢31 cost convention.
(b) Golng concern
The Diocesan Councll has reviewed Eh8 budgèt for the year ahead, and is satisfied that Ih8re are adequate
fund5 In platt¢ lo onstsre t'hal the Diocese can continue its aelivlties. There are no material unce.rtainties about
the grganisation's ability to continu8, snd on that basis it 15 a going L'oiicerri.
(c) Income Recognltion
Income is recognised in the pèried ly whlch the charity is enlilled to reGeipt and thÈ amount can be measurpd
with reasonable certainty. Income is deferred only when Ihe charity has to fulfil cDnditlons before becoming
fully entilled to it or wh8re the donor has specified that Ihe inromé is ID be expended in a future period.
Grants, including capit81 grants, frtrm the 9overnnipnt and other agencies have beèn included as income from
aGtivitie$ in furtherance of the charity's objects where thgse amount to a Gorttract for services, but included as
donations where the rnoney is given in response to an appeal or with greatèr freedom gf use, for example,
governniettt block grants. Donated facilitieg are included at the value t¢ th@ charity where this can be
quanlified afid a third party is knearing the cost. No amounts are includèd in the finanGial stalemeiits for
sprvi¢es donated by volunteers,
(d) Expenditure
Exp8nditure is included in thè Statement of Financial Activities on an 8ccrual8 basis, exclusive of any VAT
which can be recovered.
Certain expendituré is directly atlributsble to specific activities and has been included in those cost categories.
Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on
the basis ol an estimate of the PfOPOrtion of time spenl by staft on those aGlivities.
(e) Fund A¢¢ountlng
DÈsignaied funds are untsStri¢ted funds set agidé at the discretion of thè trustees for $pe¢ifi¢ pui'poses.
Unrestrlcted fiJnd5 are lunds that are availablè for use at the trustèes, discretion in furtherance ol the
objpGtives of the Diocese in ac¢ordancÉ with th8 re9ulaliorls that govern ttte DioGesan Council.
Restrlcted funds are thcse donated for use in 8 particular area or for specif1¢ purposés, the use ol which Is
restrict@d tyy the funder to that area or purposÈ.

GHLIRtH OF IRELAND QIOCESE OF tJOWN ANO ORUMORE
FINANCIAL STATEMENT$ FOR THE YEAR ENDEfi 31 DecEMBER 2u23
NOTES TO THE ACCOUNTS {CONT'I))
If) Investmènts
All income from investments Is accoiiritéd for on an accruals ba515, Deposit interest re¢eivabEe, expenses and
interest payable are 8ccounled for on an atcruals basis. ListÈd investments comprise thoSÈ quoted on g Sto¢k
Exchan9e, fh&8e investments have been valued at markèt valuts which is based on thè middle mafket prices
ruling at the close of business on 31 Deoember 2022, Any rèalised profits or losses, arlsing on fixed agset
investment s?les aro t8ken direct to the statemént OY linanoial atttivities, Profits or losses are Calculated on the
av@r8ge cost basis.
(gl Depr8clatlon of tsngible flxed assets
Tangible fixed assets aré slated at C05t1gss depreciation. Depreciation is provided at rate5 ¢8ltulated to write
off the cost less éstlmaÉed residual vÈlue of each asset ov?r its expected useful life, as follows..
250A reducing balan¢È
2 Its Straighl linè
Equipment, Fixtyrés & Fittings
Fre@hold Bulldings
Buildings are not depreciated. It Is the policy of th@ Diocese to maintain its properties in a slate of good repair.
ThÈ Diocesaii Council's asse5smÈnt of Ihe residual value {based on values pièvailing at acquisition) and ygèful
economic life of thé long leasehold property is suttli that the charge fur deprÈciation would not be si91iificant,
conseguent5y this propety is not depreciated. Tli¢ depreciation rale for fixturès & filting and computer equipment
was chan9ed lo reducing balancè from Straight lin? th8 Council leel this is a bett8r rèflectlon of Ibe value of
the a$$et8 to Ihe Diocese,
(h) Impairment of fixed asset8
At each balan¢e sheèt date, the carrying amounts of tangible and intangible sssets are reviewed lo determinp
whether 'lhere is an indication that those assets have sufferèd an impairment loss, Where th¢ carryin9 value
exceeds the estimated recoverablè amount {b@ing the greater trf fair valup less costs to séll anrj value-iD-use),
an impairment loss is recognisèd by writing down the assèts tt88h-gener?ling units to their iecovefatyie amount.
An impairment loss is recognised immediately in the profit Ènd loss, Any revarsal of a prÈViOUS impairment loss
is similarly recognised inimedialely in thè profit and loss.
(i) Debtors
Trade and other dÈbtors are récognised at IhÈ settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid Nel of any trade discounts due.
ti) Cash at bank and in hond
Cash and cash equiv4lents Include Gash in hand, deposits held at call with banks and other short-term liquid
Investménts with origingl maturities of three Inonttrs or léss.
(k) Crgdltors and provlsions
Creditors and provisions are recognised wheré the charity ha$ a present obligation resulling from a past event
that will probably result in the transfer of funds to a third party and the amount due 10 5ettltt the obli9ation ¢an
be measured or estimated reliably Creditors and provisions are normally recognised at their settlement ?mount
after allowing for any trade distounts due.
(l) Flnancial in8trumentS
The charlty only has firtanclal assets and financial liabllitiès of a kind that qualify a$ basic finanoigl instrumeiils.
Baslc financial instruments are initially r8CO9nised al transaction valu8 and subs8quently mpasured at their
setllement Value.
16

CHURCH OF IRELAf40 DIOCESE OF DOWN AND I)RQMQRE
FINANCIAL STATeMENTS FOR THE YEAR ENDED 31 ty2tEMIYER 2023
NOTES TQ THE ACCOUNTS ICONT'D)
{mTr Pènslon Costs
Thé Diocèse cantribtjtes lo the full costs of the pénsion schemes for Stsff èmployed by the Dicc&san Council.
Contributions payable are Gharg@d to the Revènue Account in the perlod lo which they relatè, Thesè
ctsntributiorts are invested separately from the assets ot the Diocesan Council.
Income from charltable activities
2023
2022
UnRstri¢t¢
Funds
Da$lgnated
Funds
Res1ii¢1gd
F￿n￿$
Totel
Dèsign4tod
Fund$
Ra$trlcted
Fuiids
Total
Punds
Paitschlgl
?$86ssmen15
i5510n &
Inlnl81ry
r•coipli
861,802
851,592
834,432
834,432
43,Jf3fj
207,019
1,011,112
1,261,687
4Y,17S
158.947
I,IJ09,864
1,215,786
1,058,$11
1,011.11?,
2.113,269
993,379
I,¢)09,664
2,050.218
Qrat)Is
47,170
10,435
21J,216
300,821
10,000
38,JY5
305,907
$64,282
TDtii
1,099,046
1,224,328
2,414,080
57,7Y5
1,031,7)r4
1,J15,S71
2.404.500
In¢ome from Investmèrtts
2023
2022
Dèsignatèd Ufi¢•$tr5¢ied
Funds
Fijnd
Reslri¢t¢d
Funds
TDtal
Des5gnatgd Unrgstrlctgd
Fund5
Rostrlctod
Fund8
T•Jtal
Dividends
Inlero$1
receivablé
2.531
87.548
70,079
2.790
70,7J8
73,52B
9,118
9,718
2,02S
2,531
77,266
79,797
2,790
72,763
7S,S53
Other Incomè
2023
2022
Dèsignated
Funds
Un￿$t￿ICted
Fund$
Rostrl¢ie4
Fun#8
TDtal
Dè$lgnatod
Funds
Unregtrl¢t¢d
Fund$
BgitrlGtèd
Fund$
Sundry IleTIIS
Stipends
Jolni Committee
69,048
7?1,9B7
15'1.281
191,015
157,281
7>8,69Y
14.U47
13,92è
198,9e4
27,97
198,96
798,697
6¥,048
1,071,945 1,Id6,993
14,047
212,892
226,93
17

000
00
OOD
f* Tr-
000
,Ilil}Iil
ij ij
) v) v)
IgÈy8È11188g
ooo
u(Jv
tt U L) U U U U U Q) L) Q)

0000 ooo*y
o ¢)
In ID ￿ *n
¢0 D o o
¢n v) ￿ f

ooc
cott
Illllli
31ilii,
o o c
J It% gd 45
Q >>>TA?aaoonootsv)>

CHURCH OF IRELAND PIQCESE OF OOWN AND OROMORE
FINANCIAL STATEMENTS FOR fHE YEAR ENDED 31 DECFMBER 2023
OTES TO THÉ ACCOUNTS {CQNT'DI
Breakdown of expgnditure on cborEtable activitlès
N9tes
2023
2022
Grant8 & Ministry Support
Priorlties, ftsnd
Central Church Assessments
Clergy Pension
Project Delivery
Siipport Costs
?.64,855
70,78S
180,612
802,195
708,310
477,055
294,019
62,920
170,304
742,121
684,436
322,025
2,503,812 2,275,825
Grants 2nd 8iipp¢rt for miiiistry
202¥
2022
Dèslynat8d
Fundg
Unrvstrlctod Rèslrlctod
Fiinf15
Total D￿19natOd Unrestri¢ted Rèstricted
Fund$
Fuiids
Fund$
T¢l•l
Down C21hedral1general
aupporti
Bangor Pflm4¢y
Belfast. Sl Brend4n's
WgI1 Winds Newtownards
Ptri5h Svppofl Fvnd,,
20,000
20,000
J,$00
5,000
20.000
20,000
20,000
3,50Q
10,000
20,000
2,500
J,500
10.OOQ
3.500
5,000
2,SQO
20,000
17. Jroo
2,SQ()
Pirlsh Support Fund..
M8gherJlly
Variou5 Patlsliès - COI
QiphHn3 Sunday School
Grant
Newc*SllÈ - Fdmilios Work
Suppoif
Dtocosan Rejuvenallon
Fund . Si 8teM¢lan'$
Dloeesan R¥juv8nalFon
Fumd . Giln&hirK
Ploces8n AejvvèNallun
Fund . Co511¢wg11on
l)ltse*san Rejuven8li4n
Fund - KilcoD
Diocesan R*luv¢nalion
Fund- Si JohrTr's LuTg&n
2,500
2,800
IE,DOO
16,OOD
?8,000
38,000
5,000
5.000
5,000
5,000
5,000
2,tiIK)
2,tsQQ
2.500
2,500
2,sQO
2,500
2.500
2.500
11.000
11,000
Y I,SOO 117.500
5,000
20,000
20,000
20,000
47.OQO
san&
Ivl
ThÈ HIJ13 8e5ts81
Church Plant Fijnd
Ministry Apprenltce SthÈme
Rw'wenation PiiThd
La¢rtbÈil) Resolution Gr*nl
3,000
6,002
3,000
6,002
5,000
18,004
10,780
42.766
3,000
6,750
5,QQCI
12.50
9,248
3?,498
3,01]0
6,7S0
5.000
13.5QO
9,2da
37,498
18,004
10,'X60
42,766
PCB COVIO Support to
Pafi>hpg
QVID Gr8r¥ts
111140 111.740
111,'140 111.740
20.000
62,766
77,800 180,266
17,500
87,498
158.740 23?,738

CHURCH OP IRELAND QIOCESE QF OOWN ANts L)ROMORE
FINANCIAL STATEMENTS FOR THE YÈAR ENDED 31 DECEMBRR 2023
NorES YO THE ACCOUNTS (CONT'D
Mlnistry Support
2023
2022
P¢$lgnat8d
Fund$
Unrest¢ictÈd
Funds
Restricted
Funds
T¥l41
Designatèd
FU￿d$
Unr•strlcl
Punds
R￿l¢l¢t￿d
FuDd¥
TotAI
Tvalnln
Curalo$' Chlldren's
AIiowilh¢*&
P*$ioral Support
¢lorgy Conl¢ience
Sabbailcals
2,048
2,048
1,373
1,373
5,202
37.337
3,OOQ
650
5.852
51,337
3,ODO
0,202
5,714
1,500
12,416
590
5, 192
3,82Y
9,541
2,918
4.416
8,708 21,122
'14,000
féssion
lo
￿￿k V¢u¢li*r$
L4y Mini¥lry Education
Foundation Year gfabnll
ity¢¥$)n Ev4n9*1ists
Education course8
Continu81 MSnlslerial
EdsJ¢allors
Ofdained Local Miniglry
Biblè ¢oiitSo8 & Iralnin9
Qlhor
2,625
5,783
2,752
766
2,475
2,475
5,346
1,74)
2,374
1.19B
8,fj35
5,7GJ
5,34e
2,752
1,743
196
780
2,1'78
1,196
8,63S
2,369
8,880
8,880
923
923
1,295
1,638
1,075
1,29$
13.382 15,Q2Q
1,075
987
14.378
15,36Jr
2,700
2,709
22.39Y
17,798 39,159
36,453 104,389
93,777
26,fJO4 60,281
Totsl
87.938
Project D8llvery
2023
2022
81shtsps Ministry Fund Expenditure
hurch Plant Experiditure
CommuNi¢atlons
CoLFTrGiI for Mission
Cover Duty
Diocesan In-Servi¢e Fund
Prison Chaplaincy
Schertté Income paymell15
St Brendans & St Llements
Youth & Children
37,743
326,330
32,822
200
65,748
505
17,539
17,723
30,851
177,849
373,522
34,920
22,965
12,035
17,211
36,674
162,861
708,310
684,436
22

CHURCH OF IRELAND OIOCESE QF DQWN AND DRopKike
FINAN¢IAL STATEMENTS Fok YHE YEAA ENDED 31 DECEMBER 202?
NOTES TO THE ACCOUNTS (CONT'D)
qo Support Cost Breakdown
Tolal
Cost¥
2023
rotal
Costs
2022
Down and Dromore and Connor Jolnl Committee eD8t5
Net movement in Joint Commlttet durin9 the yèar
Oi0GeBan functionaries, expenses
staff salariés
Staff ge¢¢ndmenl, paid to parish
Diocesan Surveyor
House costs
Dlu¢¢san SynDd Costs
ALidit and accountancy fees
Legal Éxpenses
Professional seivi¢¢s
Removal grant
8ank lees
Insuranc@
Depfe¢iation
IT & Photocopying
Contact m8nagement system
Sundry
80,705
60,791
(34,7811
21,318
15,946
207,679 160,388
6,780
6,220
40,988
19,009
2,250
2,250
6,025
6,106
8,640.
8,580
65,683
33,2S9
5,304
3,366
22,289
13,863
833
616
2,563
2,030
3,790
S,?.'19
7,088
5,347
6,499
8,113
8,821
S,613
477.055 322 025
11 Other expÈnditur•
2023
202
Provision for bad debt5
Slipends
l.egal defence insurance
Di¢cgsan Cgtheérals
16,116 {59.6831
169,040 209,589
8,720
7,381
12
Nét movomont in funds
2023
2022
Nel movement in funds is st8ted after charging..
Auditors remuneration
Depreciatlon
4,800
4.800
23

CHURCH OF IRELhNO DIOCESE OF OOWN ANLI DRQMQRÉ
FINANCIAL STAYEPIENTS FOR THE YRAR ENDED 34 DECEMBER 2023
NOTÈS TO THE ACCOUNTS (coNr'D)
13
staff co$t$
2023
2022
Joint Committge Staff:
Wages and salaries
Employer's NIC
Pension Costs
86,556
8,497
Down aftd Dromoie staff:
Wages and salaries
Employer's NIC
Pension Costs
315,281 161,371
26,491
13,562
12 535
3fiL7_14L JA7. £.6.&
Church Plant And Parlsh W¢rk#r staff:
Wages arid salaries
Ernployer's NIC
Penslon Costs
186,162 204,262
15,750
15,626
7.-18269
Other:
Wages and salaries
Etnployer's NIC
Pension Costs
46,450
1,073
10,532
30fj
4.T fj.23_au
Total staff costs:
Wages and salaries
Employpr's NIC
Pension Costs
547,893 462,721
43,314
37,991
No employe6 received emolumènts of more than £80,00012022.' None)
ement Personnel
The total amount of employee benefits rèceived by key rnanagernent personnel in thp period wa5 £102,923 (2022,,
£91,353). Tlie CounGil considers ils kèy management personnel comprises of the C)io¢esan Secrelary and Diocesan
Development Officer.
Truslee r
uneration all￿￿ertse$
ex
The DioGesÈ of Down and Dromore paid all¢)w3nces, gifts and expenses lo t)iocesan CounGil Members 8niounting to
£16,904 <2022.. £8,.%45). No ¢harity Trustee received payrnent for profes5ignal 01 Dther servicés supplied to the ch8rily
{2tJ22.. £nil).
'rhe average number of person5 paid by the organisètlon during the yèar was..
2023
2022
Joint Cofnmitteo stsff
Down and Dromore staff
Church Plant st8ff
Prison Chaplain
Parish worker
Total
-1.9
The Diocese also facilitated the payment of nine Church Plant workers and Prison Chaplains, the totsl salary costs of
these workers tolalled £2.29,31112022. 248,9941 Th& Dlocese is relmbursed by the relev8nt Church Planuparish and
Northern Ireland Prison Service for the salary costs incurr8d.
24

CHURCH OF IRELAND I)IO¢ESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2023
NOTES TO THEACCOUNTS {CQNT'O}
14
Tangible flxed as$ets
Equlpmènt,
Fixlures &
Fittlngs
Co$t or valuation;
At l January 2Q23
Additions
£)isposals
Al 31 December 2023
36,005
12,149
33.856
Depreclatlon:
At 1 January 2023
Charg@ for year
EllminatÈd cn diSPOSal
At 310&cÈmbèr 2023
20,167
3,790
1,470
22,487
Net book valuè:
At 31 December 2023
11,369
At 31 December 2022
15.838
No asset8 wefg held under finance leas88 or hire pufch8?e contratts
15
Investments
Listed
liivestmpnt8
Propatty
Investments
Yotal
Investments
Matket Value at 1 January 2023
Addltionts at Cost
Dlspo#als
RÈ¥aluatlon
R•alls¢dlunreali$?d gaitt$l{lèb$Èsl
2,225,483
96,712
222,850
50,000
2,448,333
148,712
82,059
82,059
Market Valut at 31 December 2023
2,404,254
272,850
2,677 104
Cost of Investments
1,104 601
272,850
1,377,451
25

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CHURCH QF IRELAND DIOCESE OF OOWN AND DROMORE
FINANCIAL sfAYEMENTS FQR THE YEAR 31 DECEM8ER 2Q23
NOTES TO THÉ ACCOUNTS (CONT'DI
16
Jolnt Committoè wlth Connoi Dlocese
JOINT INCOME & EXPENDITURE A¢¢QUNT
2021
Z022
INCOMING RESOURCES
Ron1$ and Conlfibulian$
1 S4,74ri
187.339
Oeposil intoiesl receNabl¢
Invèsiméni ltteomèlBa#k Inl¢rtsl
8,479
154,663
6,442
Other Inyjmg
324,335
167.339
RESOURCES EXPENDED
Wa>ès & SalEries
Qlfic& & 8uilding Mainlon8ne8
House Running CD8t8
D¢pi?¢i41i#rL
40,004
34,S17
32,628
19,212
142,730
5,009
6,S,481
220,371
122,goe
N41 movgrngnt In fund$
103,964
64,433
NET INCOMING RESOURCES
Sb8rft ol net incoming resoure*s clue lo Dl•ce$gs ol Down Oiomvy
Slt4r? of nel Incgming rtl$OuTces due to OSo¢eÉ8 ¢1 Ctjnnor
51.982
32,217
32.217
51,982
Balance 811 J*nu&ry 2023
alance al 310ecember 2023
289.618
205,18S
373,582
269.618
bALANCE SHEET AT 31 DECEMBER 1023
FIXED ASSF'TS
Tgnglblrj As8ets-.
Share own?¢1 by D¢0¢98È dl Gonnor
Sh4ra owned by Otoeèsé of Down pnd Clromore
12,112
7S8,843
758,843
t2,112
NET CURRENT LIABILITES
Share Ownèd by Dlo¢ea* ol Connor
S*ar8 owned by Oioeesè of l)own at7d Ororriore
887,6S1
987,652
88,954
8a,964
1,759,527
1,6è5,594
RESERVES
Oioe¢5e ¢1 ¢onDor
899,763
847,797
010￿58 Ot Down and Dromo
899.784
¥47,797
1.799,827
1,495,594
These flgures do not form part of the fJio¢esé of Down and Dromore accounts and are 01)ly shown here ?$ the Diocese ot
Down and Dromore h8ve a 50 % share in thé Dlocese of Down and DrorrtorÈ & Connor Joint Committee
27

CHURC14 OF IREV4ND DIOCESE DY DOWN ANO DROMORE
FINANCIAL STATEMENTS POR THE YEAR E14QED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS (CONT'D)
17
Debtors
2023
2022
Debtors
Provision for dcubtful debts
Joint Committeo
Represeiitative Church 8ody
Prepayments
98,825
168,4151
881,852
95,581
(58,954)
88,954
174,160
10,890
16,376
934,438
312,e31
In 2022 thr4 balaiice ot £174.16D wllh the Represent￿lIv0 Church Body wa5 in rBlatiOh its Iliè pur¢ha$è of woperty for the M?n¥yf¥8¥li Cliurcli Plant. The
property is iegi8l¢red Iii Iht namé ol the Diocese o1)owN and DrOry￿re. In 2023. Ma9h*ralSfj Pari&h Church PTnviderJ a loan lo Mor)eyreagh Church
Plant lo clear the debl wrth the ReorosEniaiiV¢ Chur¢h Body. In the evèfll Mon*yrg9gh Churcli Plant dDaS not eonipty wilh Ille fepaymenl l¥trrts of lh¢
lo8n, Ilie Olo¢esp ¢f Llown and Dromore will b@ liable lo Fna*e paym￿￿1$.
18 ¢ash & Èank
2023
2022
Funds held at.
Representative ChurGh Body
NatiDnwid# Building 8ociety
Banks
302.840
17.770
706,037
416,844
17,476
922,804
1,026,847
1357 124
19
Creditor: amounts falling du¢ within one yèar
2023
2022
Artruals
Loan from RCB
8ank loans and overdrafts held at:
Danske Bank
RC8
28,121
22,411
128,763
16,292
54S
28,121
168,112
20 Credttor: amounts falllng due more than one year
2023
2022
Bank loan5 - Danske Bank
Representative Church Body
157,768
100,OQO
257,768
The RÈpr9$4nlali￿ Chufcli Body grant was rnade ittwards lh& initial acqL4isilion and developm9nl costs of Ch5Jrth ot ITÈland Htsus*. Th1$ grant w8$
r¢pAid PTQ iata 10 inliiul acqyl811ion &nd developrnfrnl costs during the yèar.
28

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Silial!Iiil'

CHURCH OF IRELAND JIOQESE OF DOWN AND tsROMORE
FINANCIAL STATEMENTS FOR THE YEAft ENDED 31 DECEMBER 2023
NOTES TQ THE ACCOUNTS {CONT'D
Desi
nated Funds
The details ofthe main Éloffitrnls that m*ke lh¥ various Designatsd Funds Wie as lollow6'.
Gènayal Church Platst Fund- Support of Ihe overall Churtrh PIMThlwoik.
unrestrict￿ Funds
The d¢l#il$ of lh¢ m*lo elements that Inake up Ilie vario￿$ UrttÈstrlttkd Funds are as follows-.
Expenses Fund- The Gene￿1 Diocesaii Office, Clergy Cover Duly, Prison ¢hapl?ID¢Y, Reyislffy Feès, & Sl Brendan'¥ and Sl
Clernenl's Ministry cover.
Dèvèlopthèttt Fuhd - Contral Church Ass8ssm¢nls, irt¢ludirtg Pi'iorilies Fund, grants in Support of churGh devFlopm¢Dt & 8l$hop'
OfliGe.
Mlnlstry Fund - Pastoral Care, coungellino & general tsup￿rt for Iliose in Ministry
General Fuiid- Parish A¥6¢ssmpnls
Oovglopmont ¢ffi¢è, Yoiith & Chlldren's Work- AJI aGliWili¢¥ r¢latin9 Io 9eneral Dtocesan Dovelopmenl work, Youth & Childro11'S
support, inclÈJdliig Cainps, Lonfirnialion WILnl, Summer Madne88, Youth Le¥d¢rshlp & Mission Trips.
Companion Link -. SLkppoit C¢f link Diotese
Diocesan in Service FLtnd - SsllPPOrt of Cl¢ryy & Ihose Iii Ministry - ¢oniinu41 Minisl8ri&1 Educslion, Diocesln Rèaders, Blshop's Bible
Cour$¢, Ordination rètroaty & Clefgy Conference.
Dlocajan Communieatlon - The work of th¢ DS¢¢8san Communications Offi¢et
Council for MlssiQrl- The work Of the Council for Mlsslon
Dlocesan Ordination Fund - Support of Ordinands
Col House FvDd- The development ofchurch of li¢lkrtd Htsuse, 8ellast
ri
The delails of the maln element$ that mike up11)e varlous Ro$trlotod Ftsnds are as follow5..
Col House Fund- The developmonl of Church of Ireland house, Belfo¥1
Col House Joint CornmittèÈ - Shares owned by f)io¢es6 of Down & Dromore
Church Extenslon Fund- Support lor Church èxtension WOTk
Young Adults Fund- To sUPPOrt young adLilts 4vork wlthln Ilie Dioc8se
Bellast Additlonal ¢lergy - Support for Additional Clergy in IhF Grè$lttr Belfast Area
Endowment Fund - General support of tho Diocese in line wilh orioinai Iru$i dèèd$
Superannuatlon Fund- Ftsr IhÈ support of Clergy Pensions wlthlri Ihe Diocese in line wilb original Irusl deeds
Pad$h Support Fund- Support ol P¢or Potishé9 as the CoLincil moy de¢ide
$l$hoP'$ Mlhlatry - Support ol the tsible W¢*k, ¢ortfiii￿aIIoI1S, Ordinations, St Patrick's Day celebralions Clèrgy
Conference.
Stipend Fund - Clergy Pensions, Stipend6 & child 8llowai)ce5 to CUTales
So¢lal Services Fund - Supp¢rt tsf Soelal Pfogramm88 wilhln the Dioc?se
¢pmtt)l$¥ltsned Workèr$ Fund- For the gupp¢trt ofwotnen in'Commission&d posls. wlthin the DiocpBe,
Dlooesan ¢ath¢dral$ Fund- Support of Down ¢athodr?1 oftd Dromore Cathedral
Duntlrum Church Plant Fund - Support for the Church Planl work Dundrum
Lower Branigl Church Plant Fund- Support forthe Lower Braniel Church Planl
M¢rt*yrèayh Church Plant Fund - SuPPQrt for the Moneyrea9h chU￿.h P18nl
Klllough ¢hur¢h Plant Fund - Support of t￿le ¢hvr¢h Planl work in Killough
Tltsnlc Church Pl?flt Fund- Support for the work in Til&niG ¢hu¢b
Tullycarnet Church Plant Fund - Support of the Church Plant l*vork in Yully¢#rnèl
g*è1•1 Church Plant Fund- Rtr$lridel Church Plant support
Rejuv¥n4ti0rt Fund For the support of churGh¢g e¢mmltted lo revilalisalion of thelr mlnislries & outreach
Outr88ch to Asylum Sf ekors & Rofugees - Support of lh¢ ¢ulr¢¥¢h lo Asylum Seekers & R@fugee$
Forge - Support for the Diocesaii Miiiistry Apprenticeship SGheme
Ca$tlewellan & Kilcoo- Supptsrt for the Casllewell8n & Kilcoo Church Plant
ATd¥ ¢*rttt#l- Support for the ArdB ¢entral ¢bu￿h Plant
31

CHURCH OF IRkknlND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATÈMENTS FOR THE YEAR EP4fiED 31 DECÉM8ER 2023
NOTES TO THÈ ACCOUNTS (CONT'D)
21
Funds (cont'd)
Designated
Funds
UnrÈStFl¢t¢d
unds
Restricted
Funds
Total
Nèt incoming l {otslgoing} resources
Transfers
In¢reasa in Inarket valu? of inveslments
Transfer froni reserves
66,456
{69,400}
{79,496}
{74,109}
3,Q06
898,422
143,509
78,153
114,050
1,006,034
945,382
82,D59
1114,0$0
913,391
12,$44)
(89-'6'99}
681,658
At 1 Januaty 2023
81,912
2 944 478
3 708 046
At 31 Decemb8r 2023
78,988
591,959
3,95D,SIO
4,621,437
22 Analysls of net assets between fund8
Flxed Assets
Investment
A$$els
Current
As$¢ts
Long ferm
Liabilitie¥
Tot¥1
Designated funds
UnrestTlCted funds
Restri¢ttd fvnds
78,968
319,544
1,534,452
1,932,964
78,968
591,9SS
3,950,510
4,$21,437
11,369
261,048
2,416,058
2,6Y7,104
11,389
23 Pension costs
Definèd contributlon $¢hemè
The Dioce.san Council operates g defined cor5tribution pension 5Gh¢me. The assÈls of the schem& are held separately
from those of the organisation in an Indepeiidently administered fund. Tlie pension cost and ¢harge r8pr6sent
¢ontrik)utions payable by the Councll to the fund and amounted 10 £28,675 (2022: £28,409),
The Down and Dromore & Connor Joint Committee operal8s a defined ¢onlribution scheme snd a separatè targeted
9roup personal pension scheme. The schemè does not guararstee the lèvel of benefils gchlov8d by members, The assets
of the Scheme are held separately from those of the Jgint Committee in an independently administered fund. The pension
costs chsrge represenls contribution payable by the Joint Committeé to the fund and the costs of death in service benefits
for omployees and mounted £8,864 {2022, f.8,688)
32

CHURCH OF IRELAND DI0¢es￿ QF DOWN Ar4D E)ROMORE
FINANCIAL STATEMENTS FOR TH￿ YEAR ENDED 31 DECEMPER 2023
NOTES TO THE ACCOUNTS ICONT't))
24
Roconcillation of Operating Surplus to Net Ca8hflcM from opgratiiig Actlvities
2023
2022
Net incoming resources for the year
Depreciation
IDecregse)lincrease in creditors
DecreasÈi(In¢rease) in d@btors
Investmènt inc'ome receivable
Gains on investments
913,390
3,790
(123.055)
(621,805)
(79,7971
182,Q591
44,439
5.279
112,8351
11,752
175,5531
229,441
Not cash Inflowl(outflow) from operatlng activitie5
10,464
(202,7231
26 Ralated Party Transactlons
Durin9 the year ?nd?d 31 December 2023, The Diocèsè of Down and Diomore paid allowancès, glfts and expenses to
Diocesan ¢oun¢il Members amounting to £16.904 (2022. £8,545).
The parishes of St Donard's and Seapgtrick each r&ceived £2,542, anl Ihe p?rishe8 Of Ballybeen and ShaNkill each
received £847 to reflect the work ¢8rried out on Diocesan bu$iness by the Archdeacon ot Down and the Archdeacon of
Dromore.
The Diocese of Down & Drornore is one ot eleven Diocese's that make vp the ChurGh of Irèlartd. The Diocese ot Down &
Dromore interact5 and works with several connected ¢rganis&tions withln the Church of lrtland, these bein9 thé Diocese
ol Down & Dromorè & Connor Joint Committee, the RepreseDtstivp Church Body, the Church of Ireland TrLJstees, the
Churr.h of Sreland Orplians & Children's Sociéty for the CouTrties of Antrim & Down, and the Church of Irel8nd Priorities
Fuiid. The Diocesè of Down & Dromore COrtneL'ted with the ?bov8 bodies by virtuè of a number of DiocÉsan Council
member5 beiny reprèsentatsves on the dècision-making bodies of these or9anisBtions. During the year tr8nsaction5 With
these bodies amounted to income of £201,65112022'. £267,227) and expenditurè of £1,339,517 {2022'. £1,296,882).
During the year, COI House was 301d by Ihe Down & Dromore & Ctsnntsr Joint Committee, thè funds ot wttich conlinuè to
be held by the Joint Comtnittee.
The Diocese of Dgwn and Dromore has a 50Oh stak6 In the Joint Cort)mittee.
28 Contingent Liabilit1¢$
A cgntingent liability @xisls wliere the Diocese has to pay the Stipend poyments to the RCB for Parishos when they are
unable to cover the costs of their InGurnbenl's Stipend. This is mcnitored by thé Council on a regular b85iS. A c¢ntiDgent
liabillty exists due to an ongoing legal case against thè Dloceses Df Down & Dromore concerning h58toriL abuse
gllegatsons. The RCB confirméd that it is committed tc assisting tho diocese financially in tslation to the matter.
Dlscussions are ongoin9 bebwèen Ihe Diocese arEd the RCB as to how this funding might be deall with on a longer-term
basis.
33