Charity Number.. NIC100252 Evangelical Presbyterian Church Annual Report and Audited Financial Ststements for the financial year ended 31 December 2022 Daly Park & Company Ltd Chartored Accountants and Statutory Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Evangelical Presbyterian Church CONTENTS Page Trustees, and Other Information Trustees, Report Statement of Truslees, Responsibilities Independent Auditor's Report Statement of Financial Activities Balance Sheet 10 Statement of Cash Flows Notes to the Financial Slalements 12-16
Evangelical Presbyterian Church TRUSTEES, AND OTHER INFORMATION Trustees John Roger Marcus Hobson Rev. Andrew Hamblelon Jeff Ballantine Garelh Burke Robert Johnston Stephen Roger Ken McDonald Alastair Logan Harold Gibson David Tinsley Robert Beckell Noman Reid Wallace Thompson Andrew Lucas David Walson Sam Francey Kenneth Condy Jim Stephenson Ernest Bell MeNyn Kelly Andrew Woolsey Mervyn Langtry David Woolsey Charity Number in Northern Ireland NIC100252 Principal Address 16 Hunlingdale Ballyclare Co. Antrim BT39 9XB Northern Ireland Auditors Daly Park & Cornpany Ltd Chartered Accounlanls and Slalulory Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Evangelical Presbyterian Church TRUSTEES. REPORT for the financial year ended 31 December 2022 The Iruslees prèsent their Trustees. Report and the audited financial statements for the financial year ended 31 December 2022. The Iruslees are responsible for preparing the financial slalements in accordance with applicable law and regulations. The law applicable lo charities in Northern Ireland requires the Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of the assets, liabilities and financial posiliDn of the company as al the financial year end dale and of the surplus or deficit of the company and otherwise comply with the Charities Act (Northern Ireland) 2008. In preparing these financial slalemenls. the Iruslees are required lo". select suitable accounting policies and apply them consislenlly.. observe the methods and principles in the Charities SORP make judgements and eslimales that are asonable and prudent", slate whether the financial stalernenls have been prepared in accordanc& with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards.. and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the company will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial slalements. slate whether the financial slalemenls have been prepared in accordan with the relevant financial reporting framework. identify those standards. and note the effect and the reasons for any material departure from those standards", and The Iruslees are responsible for keeping adequate accounting records that are sufficient lo show and explain the company's transactions and disclose with reasonable accuracy al any lime the financial position of the company and enable them lo ensure that the financial slalements comply with the Charities Acl (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Structure, Governance and Management Structure The charity is unincorporated organisalion governed by ils Deed of Trust. The charity Is recognised as a charity in Northern Ireland under the referen NIC100252. In the event of the organisalion being wound up members will be required lo contribute an amount not eXedIng £1 each. The charity is under the control Df the Iruslees. Review of Activities. Achigvements and Performance The Evangelical Presbyterian Church IEPCI is e51abli5hed for the advancement of the Christian religion by supporting the work and outreach ol ils member churches and fellowships in Northern Ireland and selected Churches around the woild. The year saw a welcome return of normality lo denominational church life following COVID 19. This included the recommencemenl of the church planting work in the Foyle area. regular in-person Presbytery meetings Iseven in totall. vis11s lo other denominational bodies, including the General Assembly of the Orthodox Presbyterian Church in USA in June and the Presbytery Day conference back in Ils traditional mid-may slot. A new elder was elected in the Knock congregation. Due lo declining attendans, al ils September meeting PSby1ery fomially, bul lUctantlY, agreed lo close the worf( in Richhill. In October. Presbytery began the process leading lo revised procedures for the election of elders across the denorninalion A four week leadership training course coMMend in October. Presbytery sought and obtained a sponsor linCe from the Home Office for the engagernenl of individua15 from abroad on lime-limiled placement lo support the work in congregations. Accounts and annual reports on all aspects of denominational business were considered and approved as appropriate. Protection of Children and Vulnerable Adults IPOCVAI training was arranged and delivered, as was First Aid Training. Public Benefit In selling oui objectives and planning our activities for the year the Iruslees have given careful consideration lo the Charity Commission for Northern Ireland's guidance on public benefit lo ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries.The benefits of our organisalion are evidenced through informal and ad-hoc feedback from our members. their families. parents of the young people who
Evangelical Presbyterian Church TRUSTEES. REPORT for Ihe financial year ended 31 December 2022 attend our youth meelings, and the wider public. We believe that no harm can come from Ihe purpose of the charity. The only private benefit flowing from our purpose is related lo the employment of our Ministers who reTrive benefits as a sUIt of their employment. However. this is in¢idenlal and necessary in order lo further our advancement ol relloion charitable purpose. There are no other private benefits, as all of our a¢livilies are open lo the genèr81 publiG and advertised lo them. Our beneficiaries include our members, their famllies. and the community in which we minister Finan¢lal Rgvlgw The results for the financial financial year are sel out on page and additional notes are provided showing income and expenditure in greatei detail. Reserves poli¢y The Iruslees ¢onlinue lo monllor and update their reserves policy in order lo establish the lèvel ol resetves that are required lo continue wth our aims and objedives in lulure years. Results and Dlvldends At the end of Ihe financial yeai the company has assets of £1,755,70912021 £1.763.6451 and liabilities of £45,93512021 - £67,202). The nel assets of the company have increas8d by £13.331. In accordance wlth the Deed of TTUSt, the Irustses retire by rotation and, being eligible. offer themselves for re-election. Compllan¢e with Sector-wlde Leglslation and Standards The company engages pro-actively with legislalion, sl8n¢Jards and codes which are developed for the sector. Evanoelical Presbyterian Church subscribes to and is compliant with the following.. The Charities SORP {FRS 1021 Approved by the Board of Trustees on 24 Sgptember 2024 and slgned on its b&half by: enR
Evangelical Presbyterian Church STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 December 2022 Tho trustees are responsible for preparing the financial slatemenls in accordance wth applicable law and regulations. The law applicable lo charilies in Northem Ireland requires the trustees lo prepare linancial slalements for each financial year which give a true and fair view ol the assets, liabilities and financial Position of th8 Company as at the financial year end dale and of the surplus or deficit of the company and olherwlse comply with Ihe Charities Act (Northern Ireland) 2008. In preparirrfJ these financial slalemenls, the Iruslees are required lo.. select suitable accounting Policies and apply them consislenlly., observe the methods and principles in the Chariti&s SORP make judgements and accounting eslimales that are reasonable and prudent,. slate whether the financial slalemenls have been prepared in accordance with app]ible accountlng standards, identify those standards. and note the effect and the reasons for any material departure from those standards., and prepare the financial slalemenls on the going Conrn basis unless it is inappropriate lo presume Ihal the cornpany will continue in operation. The trustees confirm that they have complied wilh the above requirements in preparing the financial slal8mgnts. The Iruslees are responsible for keeping adequate accounting records that are sufficient lo show and explain the company's transactions and disclose with reasonable accuracy al any lime the financial position of the ¢ompany and enable them lo ensure that the financial statements comply with Ihe Charities Act (Northem Ireland) 20D8. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trusteès on 24 September 2024 and slgned on Its behalf by: Ste Tru Roger
INDEPENDENT AUDITOR'S REPORT to the Members of Evangelical Presbyterian Church Report on the audit of the financial statements Opinion We have audited the company financial statements of Evangelical Presbyterian Church I'the company'l for the financial year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Slalemenl of Cash Flows and notes lo the financial slalemenls. including the summary of significant accounting policies sel out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdorn Accounting Standards. including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with FRS 102. In our opinion, when portIng in accordance with a fair presentation framework the financial slalemenls.. give a true and fair view of the stale of the company's affairs as at 31 December 2022 and of ils surplus for the financial year then ended., havè been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements of the Charities Act (Norlhem Ireland) 2008. Basis for opinion We conducted our audit in accordan with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in Ihe Audilorfs responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with ethical requirements that a levant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other elhieal responsibilities in accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slalemenls, we have concluded that the trustees. use of the going ¢oncem basis of accounting in the preparation of the financial slalements is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively. may cast significant doubl on the company's ability lo continue as a going concem for a period of al least twelve months from the dale when the financial slalements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other Inforrnation The other information comprises the information included in the annual report other than the financial slalemenls and our Auditor's Report Ihereon. The Iruslees are responsible for the other information contained within the annual rèport. Our opinion on the financial slalemenls does not cover the other infomalion and. except lo the exlenl othenlSe explicitly slated in our pOrt, we do not express any form Df assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so. consider whether the other information is materially inconsislenl with the financial slalements or our knowledge obtained in the course of the audit. or otherwise appears lo be materially misslaled. If we identify such material incon5151encies or apparent material misslalements. we are required lo determine whether this gives rise lo a material misslalemenl in the financial slalemenls themselves. If, based on the work we have performed. we conclude that there is a material misslalemenl of this other information. we are required to report that fact. We have nothing lo report in this regard. Opinion on other matter prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the finaneial year for which the financial statements are prepared is consistent with the financial slalemenls., and the Trustees. Report has been prepared in accordan with applicable legal requirements. Matters on which we are required to report by exeeption In the light of our knowledge and understanding of the company and ils environment obtained in the course of the audit. we have not identified material misslalements in the Trustees, Report. We have nothing lo report in respect of the followino mallers where the Charities Act (Northern Irelandl 2008 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kept., or the financial slalemenls are not in agreement with the accounting records and returns., or certain disclosures of Iruslees, remuneration specified by law are not made.. or the Iruslees were not entitled lo prepare the financial slalemenls in accordance with the small companies regime and lake advantage of the small companies, exernplion In preparing the Trustees, Annual Report.
INDEPENDENT AUDITOR'S REPORT to the Members of Evangelical Presbyterian Church Responsibilities of trustees for the financial statements As explained more fully In the Statement of Trustees. Responsibilities sel out on page 7, the trustees are responsible for the preparation of the financial slalements and ft)r being satisfied that they give a true and fair view, and for such internal control as they determine is necessary lo enable the preparation of financial statements that are flee from material misstatement. whether due to fraud or error. In preparing the financial slatemenls, the trustees are responsible for assessing the company's ability to continue as a going concern. disclosing, as applicable, matters related lo going concern and using the going concem basis of accounting unless management either intends to liquidate the company or to cease operations, or has no realistic alternative but lo do so. Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and lo Issue an Audilorfs Report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misstatement when it exists. Misstatements can arise from fraud or eTror and ale considered material if, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design PTocedures in line with our responsibilities, outlined above, lo detect material misstalemenls in respect of irregularities. including fraud. The extent to which our procedures are capable of deteding irregularities, including fraud is detailed below.. There is an inherent difficulty in detecting irregularities during audit. However, the effectiveness of entity's controls, the nature and extent of audit procedures performed, gives us confidence in detecting irregularities. A further description ol our responsibilities for the audit of the financial statements is located on the Financial Reporttng Council's website at.. www.frc.org.ukjauditorsresponsibililies. This d&scription forms part of our Audilols Report. RUAIRI MAG NN (SENIOR STATUTORY AUDITORI DALY PAR COMPANY LTD Chartered Accounlanls and Statutory Auditors 4 Camegie Street Lurgan Co. Armagh BT66 6AS Northem Ireland 24 September 2024
Evangelical Presbyterian Church BALANCE SHEET as al 31 D¢rnber 2022 2022 2021 Notes Flxed Assets Investments 604.401 370.316 Current Assets Debtors Cash al bank and in hand 10 11 742 1.150,566 718 1,392.611 1,151,308 1.393.329 Creditor8: Amounts falllng due wlthin one year 12 (45,9351 167.2021 Net Current Assets 1.105,373 1,326,127 Total Assot$ less Current Llabilltl8S 1,709,774 1,696,443 Funds Endowment funds Income funds: Reslricled trust funds General lund lunreslricledl 282,817 311,199 13 1,278,263 14B,694 1,224,268 160.976 Total funds 14 1.709,774 1,696,443 Approved by the Board of Trustees and authorlsed for18$ug on 24 Septgmber 2024 and signed on its behalf by St Tr oe T1 noles on pages 1210 16 form part of the finanrial 51aletnenls io
Evangelical Presbyterian Church STATEMENT OF CASH FLOWS for the financial year ended 31 December 2022 2022 2021 Notes Cash flows from operating activities Nel movement in funds Movement in endowments net of amounts converted into income Adjustments for.. Amount wrillen off investments Interest receivable and similar income 13,331 28,382 16.2671 35,503 1,597 119,8091 9.552 126,5291 23,501 12.259 Movements in working capital.. Movement in debtors Movement in creditors 1241 121,267 1231 19,683 Cash generated from operations 2.210 31,919 Cash flows frorn investing activlties Intest CeIved Payments lo acquire investments 19,809 {235,6821 26,529 Nel cash lused inllgeneraled from investment activities 1215,8731 26.529 Movement in endowments nel of amounts converted into income {28,3821 135,5031 Net Idecreaselllncrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year 1242,0451 1,392,611 22,945 1,369,666 Cash and cash equivalents at the end of the year 11 1.150,566 1,392,611 11
Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2022 GENERAL INFORMATION Evangèlical Presbyterian Church is a eharily incorporated in Northern Ireland. The registered office of the company is 16 Hunlingdale. Ballyclare, Co. Antrim, BT39 9XB, Northern Ireland which is also the principal place of business of the company The financial statements have been presented in Pound 1£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation lo the charity's financial slalemenls. Basis of preparation The financial slalemenls have been prepared on the going coneern basis under the historical cost convention, modified lo include certain Items al fair value. The financial statements have been prepared in accordance with the Statement of Recommended Pfftelice ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 As permilled by the Companies Act 2006, thè company has varied the standard formals in that act for the Slalemenl of Financial Activities and the Balance Sheet. Departures from thè standard formats are lo comply wilh the requirements of the Charities SORP and are in compliance with section 4.7. 10.6 and 15.2 of that SORP. statement of compliance The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Slalemenl of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland FRS 102 Incoming Resources Voluntary income or capital is included In the Statement of Financial Activities when the company is legally enlilled lo it, ils financial value can be quantified with reasonable certainly and there is reasonable rtainlY of ils ultimate receipt. Enlillemenl lo legacies is considered established when the company has been notified of a disliibulion lo be made by the executors. Income re1Ve in advance of due Performan under a contract is accounted for a5 deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entillemenl have been mel. All other income is accounted for on an accrua15 basis. Resources Expended All resources expended are ac¢ounled for on an accruals basis. Charitable activities include costs of services and grants. support costs and depreciation on related assets. Costs of generating funds similarly include funcsraising aclivilies. Non-slaff costs not attribulecl to one category of activity are allocated or apportioned pro-rala lo the staffing of the relevant service. Finance. HR. IT and adminislralive staff costs are directly allribulable lo individual activitie5 by objective. Governance costs are those associated with conslilulion21 and 51alutory requirements. Investments Investments held as fixed asse15 are slated al cost less provision for any permanent diminution in value. Income from other financial fixed a5sel investmen15 together with any related lax credit is recognised in the profil and Ioss account in the year in which il is receivable. Debtors Debtors are recognised al the selllemenl amoLJnl due after any discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. Income recognised by the company from government agencies and other co-funders, bul not yet reIVed at year end. is included in debtors. Cash at bank and in hand Cash al bank and in hand comprises cash on deposit al banks requiring less than three month5 notice of withdrawal. Taxation No current or deferrecj laxalion arises as the company has been granted charitable exemption. Irrecoverable valued added lax is expensed as incurred. 12
onlinued Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 Dernber 2022 INCOME OTHER TRADING ACTIVITIES Unrestricted Restricted Endowment Funds Funds Funds 2022 2021 Voluntary Income Investment Incorne 458 674,981 50 8,710 8,982 684,149 9,032 333,869 458 675,031 17.692 693,181 333,869 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2022 2021 Charitable activities 310,000 369,850 679,850 340.138 SUPPORT COSTS Charitable Activities 2022 2021 Insurance Help the Neèdy Salaries and related services Legal and professional Mission Africa Accountancy Travel & Conference Expenses Christian Witness of Israel Sale of 'Evangelical Presbyterian, co51s Grant Church of Scotland General Expenses Dimisani Bible SchoollL8khnadon Hospital 1,038 1.473 336,188 4,627 7,637 1,800 1,882 1,306 824 2,307 9,918 850 1,038 1,473 336,188 4.627 7,637 1,800 1,882 1.306 824 2,307 9,918 850 1.004 2,469 304.152 497 9.675 1,800 1.220 880 908 3.571 12.830 1,130 369,850 369,850 340, 136 ANALYSIS OF SUPPORT COSTS 2022 2021 Insurance Help the Needy Salaries and related services Legal and professional MiSSIDn Africa Accounl8ncy Travel & Conference Expenses Christian Vvilness of Israel Sale of'Evangelical Presbyterian, costs Grant Church of Scotland General Expenses Dimisani Bible SchoollLakhnadon Hospital 1.038 1.473 336,188 4,627 7,637 1,800 1.882 1.306 824 2,307 9,918 850 1,004 2.469 304.152 497 9,675 1,800 1.220 880 908 3,571 12,830 1,130 369,850 340,136 INVESTMENT AND OTHER INCOME 2022 2021 Other interest 19,809 26.529 13
continued Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2022 AMOUNT WRITTEN OFF INVESTMENTS 2022 2021 Amounts wrillen off fixed assets investments.. permanent diminution in value 1,597 9,552 EMPLOYEES AND REMUNERATION The staff costs comprise.. 2022 2021 Wages and salaries 334,189 304,152 INVESTMENTS Other investments Total Investments Cost Al 1 January 2022 Additions Revaluations 370,316 235,682 11,5971 370,316 235,682 11.5971 Al 31 December 2022 604,401 804.401 Net book value Al 31 December 2022 604,401 604,401 Al 31 December 2021 370.316 370.316 DEBTORS 2022 2021 Prepayments and accrued income 742 718 CASH AND CASH EQUIVALENTS 2022 2021 Cash and bank balances Cash equivalents 315.574 834,992 566.110 826,501 1,150.566 1.392.611 12. CREDITORS Amounts falling due within one year 2022 2021 Accruals and deferred income 45,935 67,202 13. RESERVES 2022 2021 Al the beginning of the year SurplusllDeficill for the financial year 1,696,443 13,331 1,702.710 16,2671 At the end of the year 1,709.774 1.696.443 14
continued Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2022 14. 14.1 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Endowment Funds Funds Funds Totsl Funds Al 1 January 2021 Movement during the financial year 166,655 15,6791 1,189,353 34.915 346,702 135,5031 1,702,710 16.2671 At 31 December 2021 Movement during the financial year 160,977 112.2831 1,224,267 53,996 311,199 128,3821 1,696,443 13,331 Al 31 December 2022 148,694 1,278,263 282,817 1.709,774 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2022 Income Expenditure Transfers Balance between 31 December funds 2022 Endowment funds Church Extension Fund Capital Investment Fund 229,791 81,408 8.710 10.579 43.379 1,597 6.287 18.9821 201.409 81.408 311,199 19.289 44.976 12.6951 282,817 Restricted funds Cenlral Fund McDowell Memorial Fund&Special Need Reserve Home & Foreign Missions Training for the Ministry Fund Young People Association Lisburn Road Fund Hunter Fund Williamson Bequest Fund 719,058 6,524 366.399 296.433 789.024 5.524 11,0001 7.616 19,881 14,109 1,817 6.956 2,695 463 120,547 389 86.381 235.935 40.000 99.788 389 398,508 312.127 5,200 241.135 40.000 1,224,267 675,031 629,686 8,651 1.278.263 Unrestricted funds General Fund 160,977 458 6,785 15,9561 148,694 Total funds 1,696,443 694,778 681,447 1,709,774 14.3 ANALYSIS OF NET ASSETS BY FUND Financial flxed assets Current assets Current Ilabilities Total Unrestricted general funds 604,401 1.151,308 145,935) 1,709.774 604,401 1,151,308 145,9351 1,709,774 POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end.
continued Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2022 RELATED PARTY TRANSACTIONS During the year the following amounts were paid lo trustees in the form of salaries for services as ministers lo the Church.. Garelh Burke - £29,144 Andrew Hamblelon- £24.775 Marcus Hobson- £24,334 Robert Johnslone- £25.039 Andrew Lucas- £29,940 John Roger- £29,081 17. INDEPENDENT EXAMINERS REMUNERATION The independent examinerfs remuneration amounts lo an independent examination fee of £3,000 12021 £1,800). 16