Notes to the consolidated financial statements for the financial year ended 31 December 2018 2. Critical accounting judgements and key sources of estimation uncertainty
3. Donations and Legacies 2018 â‚Ź
2017 â‚Ź
3,227,250
3,255,275
General donations
785,138
359,085
Legacies
578,006
234,523
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
Church gate collections and committee income
110,831
214,707
Grow Fund
98,735
117,963
Gift Aid refunds
66,043
43,729
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. Information about critical judgements in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements is included in the accounting policies and notes to the financial statements.
TOTAL
4,866,003
4,225,282
In the application of the company’s accounting policies, which are described in note 1, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
The directors do not consider there are any critical judgements or sources of estimation requiring disclosure.
92
Committed giving (regular giving)
Included in general donations for 2018 are amounts from Designer Group, Church of Ireland Bishops Appeal, Dublin City Council World Development Fund and Electric Aid.