Charity re9iStration number NIC101444
THE PRESBYTERIAN CHILDREN'S SOCIETY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

THE PRESBYTERIAN CHILDREN'S SOCIETY
LEGALAND ADMINISTRATIVE INFORMATION
President
Rev Dr J l Thompson, MBE, TD. DL, BSC, BD. MTh. Dmin
Vice President
Mr W N Bennell 8S¢ (Econl Hons, IPFA
Honorary Secretsry
Mr N WTodd, BEd, MA. Msc
Honorary Treasurer
Mr l Mcminn. MBE
Governors
Rev Dr L E Carroll, BA, 8D, PhD. LLCM
Mr B Corry, ACII, DipPFS
Mrs H Harnillon, Bsc (Econ), ACA
Mr C Kerr, QFSM, DL. BA, Msc
Rev P A Mc8ride, BEd. BD
His Honour JA H Martin. LLB, DipLAW, BL, KC
Mrs H Morrow. BA, FCA
Rev T C Morrison, BA, BD
Mrs J E Wilson, M8. 8Ch, BAO, MRCGP
Mrs V McGuffin. M Inst LM
Rev T J Slolhers, 8Sc. BD, MTh
{appoinled 21 April 20221
Rev M E Donald, BEd, MEd, Dipmin, MDIV, CF (appointed 21 April 2022)
Mr L Conway, OBE, FCIM, Dipsw, CQSW
lappoinled 27 October 2022)
Rev C McKibbin, BO, Dipmin
(appoinled 21 April 2022}
Responsible for day to day
adminlstratlon of tho charity
Mr J G Nicho150n, BA (Honsl
Charity number
NIC101444
Reglstorod oiTIco
Glengall Exchange
3 Glengall Street
Belfast
BT12 SAB
Audltor
Harbin50n Mulholland
Cenlrepoinl
24 Ormeau Avenue
Belfasl
BT2 8HS
Bankers
Danske Bank
Donegall Square Wesl
Bellasl
Co. Anlrim
Northern Ireland
8T16JS
Solicitors
Carson McDowell
Solicitors
Murray House
Murray Street
Belfast
BT1 6DN

THE PRESBYTERIAN CHILDREN'S SOCIETY
CONTENTS
Page
Governors, Report
Slalemenl of Governors, Responsibilities
Independent Auditor's Report
7-10
Slalemenl of Financial Activities
11
Balance Sheet
12
Slalemenl of Cash Flows
13
Notes to the Financial Statements
14-22
Detailed Slalemenl of Financial Acliviles
23

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The Governors present their report and the audited financial statements for the year ended 31 December 2022.
The financial slalemenls comply with Accounting and Reporting by Charities.. Slalemenl of Recommended
Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021
Purpose and Alms
The Society's purposes are outlined as follows..
a. Making Grants for or towards the education and maintenance of children selected as outlined in the
grant making procedure. The benefit that flows from this is that the well-being of children and their
families is enhanced by basic financial needs being addressed andlor poverty alleviated. An annual
means lesling procedure ensures families are in need of assistance and therefore will benefit Irom the
financial grants provided. The Society invites applications lor the funding of grants lo individuals through
their ministers. These applications are then reviewed against specific criteria and objeclives which are
sel by the Governors, in accordance wilh the objects of Ihe Society.
In addition lo the above, a further purpose is caring for and supporting children in need whether material,
physical, menlal, emotional and spiritual and promoling their material, physical, mental. emolional and
spiritual development whether through their families. Church or community or olhetivise howsoever that
Ihey may grow lo full malurily as individua15 and members ol society The benefit that flows from this
purpose is that the well-being of families and Iheii children is enhanced by scheme5 which are financially
supported by the Society. The Society's funding provides opportunities for children and their families lo
develop rnalerially, physi¢ally, mentally, emotiona51y, and spiritually.
Oblectlve, Perfonnance and Achlevements
The 2022 objectives included the following..
supporting around 890 Presbytèrian children and young people by way of quarterly and special grants..
increasing Ihe quarterly grants (where possible) by al least the inflation rate.,
supporting Presbyterian children and young people by way of exceptional grants.,
providing small grants lo Presbyterian congregations lo deliver projecls which encourage giealer
engagement fTom young people in Church life after the pandemic.,
supporting a programme of education addressing digital resilience in partnership wilh The Thrive
Academy.
There was a subslanlial level of allainmenl in relation lo major objectives during the year lo 31 December 2022.
During 2022 the number of young people being helped by the Society was comparable lo the previous year. Al 1
January 2022 the number was 892 and al 31 December il was 889.

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Young people on foll al 1 January
Added during the year
Coming off during Ihe year
865
118
132
862
96
93
Young people on roll al 31 December
Young people awaiting selection
851
38
865
27
Total young people being helped
889
892
The backgrounds of young people on the roll as al 31 December were as follows..
2022
No.
329
169
118
88
108
39
2021
No.
346
183
113
87
112
24
Parents Separaledl Divorced
Parenllsl Deceased
Single Molhers
Parenlls} Disabledl Chroni¢ally ill
Parenllsl Unemployedl Low Income
Olher
39
20
14
10
13
40
21
13
10
Total
851
100
865
100
The Governors are encouraged by the Society s progress Ihroughoul the year. The generosity of Presbyterians
IhToughoul Ireland is inspiring, particularly during a period of prolonged economic uncertainly Congregations
and individuals continue lo demonslrale their unwavering support for the Society s work by ensuring a 51eady and
consislenl flow of income lo meet any ongoing commitments and support the conlinued development ol our work.
Furthermore, the Society remains sleadfaslly commilled lo developing projects which provide for relevant
practical pastoral care and support for Presbyterian children and young people, and lo encourage them in
reaching their full polenlial in life.

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Flnanclal review
The nel expenditure for the year amounted to £40.940. Comparatively in 2021 Ihis was nel income of £3.893.
The income for the year amounted to £862,45512021- £884,376),
Grant expenditure lo individuals increased by 1.70/0 10 £687,50012021 £875,863}
In 2022 bequests lotalled £16.72712021 £52,944).
The Governors have been encouraged in the economic Climate by the level of subscriptions of £363,94812021
£333,882). These subscriptions, together with dividends, interest, and income from olher sources, have ensured
that the Society remains in a salisfaclory financial posilion lo carry out its charitable aclivilies
Inveslmenl managemenl fees increased by 4.6ty/0 10 £64,285 {2021 £61,479), governance cosls decreased by
4.60A lo £123,755 12021 £129,779) and fundraising costs increased lo £9.056 (2021 £6,954). Fundraising
costs accounted for 2.50h of subscription income12021 2.1 /0).
Investment Policy
The Sociely's fund managers during the year were Sarasin & Partners LLP who were inslrucled lo pursue a
policy of maximising income whilst maintaining some capital growth. This policy is currently performed in
accordance with the Society's ethical guidelines which slates that there should be no direct investment in any
company with a 5ignificanl interest in alcohol. tobacco, gambling, indiscriminate weaponry or conventional
weapon5. pornography, or exploilalive child labour. The Society'5 preference is for nil inve51menl in any
companies in the above sectors, bul the size and complex nature of corporations means they may have
uninlended exposures lo certain sectors, This may be a negligible part of Iheir overall business, or they may be
in Ihe process of disposing of these operations. Therefore. the use of the significant interest crilcria allows for
these practical considefalions. The pararnelers for equity investment use5 a definilion of significant interest as
company Ihal derive up lo approximately 10910 of turnover from the above list,
Reseples Pollcy
11 is the policy of the So¢iely lo maintain unreslricled funds which are free reserves of the Society. al a level which
equate5 to approximately one year's unreslriGled expenditure.
This provide5 sufficient funds lo cover
management and adminislialion costs and respond lo emergency applicalions for grants which arise from lime lo
lime.
Risk Managèment
The Governors have examined and assessed the major risks lo which the Society is exp05ed, in particular, Ihose
related lo the operations and finances of the Society and are satisfied Ihal adequate systems are in place lo
miligale any exposure lo major risks. There is a formal risk assessmenl and documentation of process.
Going Concern
The Governors believe that there are no material uncertainties that cast significant doubl about the Society's
ability lo continue as a going concern and the financial slalemenls have been prepared on this basis.

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Administrative detai15 and Governors
Please refer lo the legal and adminislralive information page for administrative details and a list ol Governors.
Structure Govemance and Mana
ement
Governing document
The Presbyterian Children's Society is registered as a charity with the Charity Commission for Northern Ireland
(Regislefed Charity Number.. NIC101444}, The Society is governed by Scheme No. 58 under the Education
Endowments {Irelandl Act 1885.
OrganSsation
A Board of Governors of 18 members has overall responsibility for the charity. Meeting bi-annually, Ihe Board
possess the authority lo administer the charity and manage ils day lo day operations. However, daily
management of the charity has been delegated to Ihe Executive Secretary who is direclly responsible and
accountable lo the Board,
Appointmont of Governors
There is an informal slru¢lure for appointment and Ifaining of Governors. In determining the appropriateness of
appointing a new Governor the charity considers the skills and willingness lo serve of that individLtal.
Pay pollcy for Governors and staff
All Governors give their lime freely and did not receive remuneration during the year. The pay of senior staff is
reviewed annually.
Related partlos
None of our Governors receive remuneration or any other benefit ffom their work with the charity, There were no
related party Iransa¢lions during the year.
Plans for future porlods
The Society s work continues lo be overseen by the Board of Governors and regular liaison in terms of slrale9lC
direction, and any mallers critical lo the Society s essential work, takes place between the Executive Secretary
and the Honoiary Officers appoinled by the Board.
A formal strategic plan will be considered by the Board al a later dale.

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Disc105ure of infonnation to the auditors
So far as each person who was a Governor al the dale of approving this report is aware, there is no relevant
audit information, being information needed by the auditor in Connection with preparing ils report, ol whi¢h the
auditor is unaware. Each Governor has taken all stèps that helshe is obliged lo lake as a Govèrnor in order lo
make himselflherself aware of any relevanl audit information and lo establish that the auditor is aware of that
information.
Audltors
Harbinson Mulholland have expressed thèir willingness lo continue in office as auditors. A resolution proposing
their ieappoinlmenl will be considered al the Society's Annual General Meeting.
The Governors, report was approved by the Board of Governors.
Mr J G Nicholson, BA {Honsl
Executive Secretsry
Dated.. .J,E*
4.-'lo L3

THE PRESBYTERIAN CHILDREN'S SOCIETY
STATEMENT OF GOVERNORS. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Governors are required lo prepare financial slalemenls for each financial year that give a true and fair view of the
51ale of affairs of the Society and of the net movements in funds of the Society for that period. In preparing those
financial slalemenls, the Governors are required to..
select suilable accounting policies and then apply them consislenlly.
make judgements and eslimales that are reasonable and prudent.,
slate whether applicable aocounling standards have boen followed, subject lo any material departures
disclosed and explained in the financial slatemenls, and
prepare Ihe financial slalemenls on the going concern basis, unless il is inappropriate to presumè Ihal the
Society will conlinue in business.
Th8 Governors are responsibl& lor keeping proper accounting records Ihal are sufficient lo show and explain the
Society's transactions and disclosè with reasonable accuracy at any lime the financial position ol the Society and
enable them lo ensure Ihal the financial slalemenls comply with the Charities Act (Northern Ireland) 2008 the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Accounting and
Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Slandafd applicable in the UK and Republic of Ireland IFRS 1021
Icharilies SORP
RS 1021 They
re also iespon5ible lor safeguarding the assets of thè Society and hence, for
laki
sleps for the
enlion and detection of fraud and other irregularities.
Mr l Mcminn, MBE
Honora
Treasu
202S

THE PRESBYTERIAN CHILDREN'S SOCIETY
INDEPENDENT AUDITOR'S REPORT
TO THE GOVERNORS OF THE PRESBYTERIAN CHILDREN'S SOCIETY
Oplnlon
We have audited the financial slalemenls of The Piesbylerian Children's Society Ilhe 'So¢iely') for the year ended
31 December 2022 which comprise the slalement ol financial aclivilies, the balance sheet, the slalemenl of cash
flow5 and notes lo Ihe financial slalemenls, including significant a¢¢ounling policies. The financial reporling
framework that has been applied in their preparation is applicable law and United Kingdom Ac¢ounling Standards,
including Financial Reporting Slandard 102 The Fiipancial Reporting Slèi7dard applicable iij tlie UK and Ropublic of
Ireland {Uniled Kingdom Generally Accepted Accounting Praclicel.
In our opinion, the financial slalemenls..
give a true and fair view of the slate of the charity's affairs as at 31 December 2022 and of ils incoming
resources and application of Tesovrces, for the year Ihen ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Praclice,,
and
have been prepared in accordance with the requirements of the Charities Act INI) 2008
Basis for oplnlon
We conducted our audit in accordance with Inleinalional Standards on Auditing (UK} {ISAs {UKII and applicable
law. Our rèsponsibilities under those standards are futlher described in the Aijdilorfs rospoipsibililies for tlie aiidil of
Ilie fii7aiici81 slaleineiils section of our report. We are independent of the Society in accordance with the ethical
requirements that are relevant lo our audit of the financial slalemenls in the UK, Including the FRC'S Ethical
Standard, and we have lulfilled our other elhical responsibilities in accordan¢e with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial slalemenls, we have concluded that the Governors, use ol going concern basis ol
accounting in the preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have not identified any material uncerlainlies relating lo events or
conditions Ihal, individually or collectively, may cast significant doubl on the charity's ability lo continue as going
concern for a period of al least twelve monlhs from when the financial slalemenls are aulhorised for issue.
Our responsibilities and the responsibilities of the Governois wilh respect lo goin9 concern are described in the
relevant sections of this report.
Other informatlon
The other information comprises Ihe information included in the annual report, other than Ihe financial slalemenls
and our auditor's report Ihereon, The Governors are responsible for the other information conlained within the
annual report. Our opinion on the financial slalemenls does not cover Ihe other information and we do nol express
any form of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so,
consider whether the other information is materially inconsislenl with the financial slalemenls or our knowledge
obtained in the course of the audit, or othe￿ise appears lo be malerially misslaled If we identity such material
inconsistencies or apparenl malerial misslalemenls, we are required lo deleimine whelhcr 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 lo report that fact.
We have nothing lo report in Ihis regard.

THE PRESBYTERIAN CHILDREN'S SOCIETY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE PRESBYTERIAN CHILDREN'S SOCIETY
Matters on whlch we are required to report by exception
We have nothing to report in respect of the following matlers in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us lo report lo you if, in our opinion..
the information given in the financial statements is inconsislenl in any material respect with the Governors,
report., or
sufficient accounting records have not been kept.. or
certain disclosures of Iruslees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit.
Responsibilities of Governors
As explained more fully in the slalemenl of Governors, responsibilities. the Governors are responsible for the
preparalion of Ihe financial slalemenls and for being satisfied that they give a true and fair view. and for such
internal control as Ihe Governors determine is necessary lo enable the preparation of financial slalemenls that are
free liom material misslalemenl, whether due lo fraud or error. In preparing the financial slalemenls, the Governors
are responsible for assessing the Society's ability lo continue as a going concern, disclosing, as applicable, mallers
related lo going concern and using the going concern basis of accounting unless the Governors either intend lo
cease operations. or have no realistic alternative bul lo do so.
Auditorfs responslbilities for the audlt of the flnanclal statements
Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are frèe from
malerial misslalemenl, whether due lo fraud or error, and lo issue an auditor's 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 misslalemenl when il exis15. Misslalemenls can arise from fraud or
error and are considered malerial if, individually or in the aggregate. they could reasonably be expected lo
influence Ihe economic decisions of users taken on the basis of these financial slalemenls.
Irregularities, including fraud, are instances of non.compliance with laws and regulations. We design procedures in
line wilh our responsibilities, outlined above, lo delecl material mis51alemenls in respect of irregularilies, including
Iraud. The extent lo which our procedures are capable ol delecling irregularities, including fraud, is detailed below.

THE PRESBYTERIAN CHILDREN'S SOCIETY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE PRESBYTERIAN CHILDREN'S SOCIETY
Our approach lo identifying and assessing the risk5 of material misstatement in respect of irregularities, including
fraud and non-compliance with laws and regulations. was as follows..
the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.,
we identified the laws and regulations applicable lo the company Ihfough discussions with directors andlor
senior management, and from our commercial knowledge and experience of the sector,.
We focused on specific laws and regulations which we considered may have a direct material effect on the
rinancial slalemenls or the operations of the company, including Charities Act {NII 2008, laxalion legislation, data
protection, anli-bribery, employment, envifonmenlal and health and safely legislation
we assessed the exlenl of Compliance with Ihe laws and regulations idenlified above through making
enquiries of management and inspecting legal correspondence., and
identified laws and regulations were communicated within the audit team regularly and th@ team remained
alert lo instances of non-compliance throughout the audit.
We assessed the suscepiibilily of the Company's financial slalemenls lo material misslatemenl, including obtaining
an understanding of how fraud might occur, by..
making enquiries of management a5 to where they considered there was susceptibility lo fraud, their
knowledge of a¢lual, suspecled and alleged fraud.. and
considering the internal controls in place lo miligale risks of ffaud and non.compliance with laws and
regulations.,
To address the risk of fraud through management bias and overfide ol controls. we..
performed analytical procedures lo identify any unusual or unexpected relalionships..
lesled journal entries lo idenlify unusual Iransaclions.,
assessed whether judgements and assumptions made in determining the accounling eslimales sel out in
Note 2 were indicative ol potential bias., and
investigated the rationale behind significant or unusual Iransaclions..
In response lo the risk of irregularities and non-compliance with laws and regulations. we designed procedures
which included, bul were not limited lo..
agreeing financial slalemenl disclosures lo underlying supporting documenlalion,,
reading the minutes of meetings ol those charged with governance.,
enquiring of managemenl as to aclual and polenlial liligalion and claims., and
reviewing correspondence with HMRC and the company's legal advisors.,
There are inherent limitations in our audit procedures described above The more removed that laws and
re9ulalions are from financial Iransaclions, the less likely il is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required lo identify non.compliance with laws and regulations lo
enquiry of the directors and other management and Ihe inspection of regulatory and legal correspondence, if any
Material misslalemenls Ihal arise due lo fraLtd can be harder lo dele¢l than those Ihal arise from error as they may
involve deliberate concealment or Gollusion.

THE PRESBYTERIAN CHILDREN'S SOCIETY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE PRESBYTERIAN CHILDREN'S SOCIETY
This report is rnade solely lo the charily's members, a5 a body, in accordance with section 65 of the Charities Act
INI) 2008. Our audit work has been undertaken so that we mighl slate lo the charity's members those mallers we
are required lo slate lo them in an audilorfs report and for no other purpose. To the fu11esl exlenl permilled by law,
we do not accept or assume responsibility lo anyone other than the charity and the ¢harily's members as a body.
for our audit work,for Ihis report, or for the opinions we have formed.
Angèla Cralgan (Senlor Statutory Auditor)
for and on behalf of Harblnson Mulholland
Chartered Accountants
Statutory Audltor
Cenlrepoinl
24 Ormeau Avenue
Co. Anlrim
Northern Ireland
BT2 8HS
10-

THE PRESBYTERIAN CHILDREN'S SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestricted Endowment
funds
funds
2022
2022
Total
Total
2022
2021
Notes
Income from:
Donations and legacies
Charitable activities
Investments
22,075
376,788
463,106
22.075
376.788
463,592
76,091
345,177
463,108
486
Totsl Income and endowment8
861,969
486
862,455
884.376
Ex
enditure on:
Raising funds
Charitable aclivilies
73,341
830,054
73.341
830.054
68,433
812,050
Total resources expended
903,395
903,395
880,483
Nel gainslllosses) on investments
11
(1.618,4431
{1,618,4431
996,822
Net movement In funds
11,659,869}
486 11 ,659,383) 1,000,715
Fund balances at 1 January 2022
13,352,829
22,037 13.374,866 12.374,151
Fund balances at 31 December 2022
11 ,692,960
22,523 11,715,483 13,374,866
Th8 slalemenl of financial activities includes all gains and losses recogni5ed in the year.
All income and expenditure derive from continuing aclivilies.
The note5 on pages 14 10 22 form part ol these financial slalemenls

THE PRESBYTERIAN CHILDREN'S SOCIETY
BALANCE SHEET
AS AT31 DECEMBER 2022
2022
2021
Notes
Fixod assets
Tangible assets
Inveslmenls
12
13
16.239
11.500,094
17,171
13.178,866
11.516,333
13,196,037
Current assets
Debtors
Cash al bank and in hand
14
6,108
216,115
7,519
193.352
222,223
200,871
Credltors: arnounts falling duo withln
one year
16
123.073)
122,0421
Nel current assets
199,150
178.829
Total assets less curront Ilablllties
11,715,483
13,374,866
Capitsl funds
Endowment funds
22.523
22,037
Incomo funds
Unreslficled fund5
Revalualion reserve
11,690.683
2,277
13,350,552
2,277
11.692,960
13,352,829
11,715,483
13,374,866
The fi
ncial slalemenls were ap
oved by Ihe Governors on
Rev Di J l Thompson, MBE, TD, DL, BSC. BD. MTh, Dmin
President
Mr l Mcminn, MBE
Honorary Treasurer
The notes on pages 14 10 22 form part of thesè financial slalemenls.
12

THE PRESBYTERIAN CHILDREN'S SOCIETY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Notes
Cash flows from operating activities
Cash absorbed by operations
19
1499,996)
1453,1351
Investing activltles
Purchase of tangible fixed assels
Purchase of investments
Proceeds on disposal of investments
Gainslllossesl on investments
Dividends and interest received
(1 1611
(12,463.978}
12,144,530
379,776
463,592
{3,1711
112,463,978)
12.144,530
{138,5551
463,108
Net cash generated from investing
actlvities
522,759
1,934
Net cash used In flnanclng actlvltle8
Net Increasel{decroasol in cash and ca8h
equlvalents
22,763
1451,2011
Cash and cash equivalents al beginning of year
193,352
644,553
Cash and cash equlvalents at end of year
216,115
193.352
The notes on pages 14 10 22 form part ol these financial slalemenls
13

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting pollcies
Charlty infonnation
The Presbyterian Children's Society is a Charity registered in Northern Ireland. The r8gislered office is
Glengall Exchange. 3 Glengall Street, Belfast, B T12 5A8.
1.1 Accounting conventlon
The financial slalements have been prepared in accordance with the Society's Conslilulion, tha Charities Act
{Norlhern Ireland) 2008 and "Accounting and Reporting by Charities: Slalemenl of Recommended Practice
applicable lo charilies preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021" {as amended for accounting periods commencing
from 1 January 2016) The Society is a Public Benefit Entity as defined by FRS 102.
The financial slalemenls have departed from the Charities (Accounls and Reports) Regulations INorthern
Ireland) 2015 only lo the exlenl required lo provide a true and fair view This departure has involved following
the Slalemenl of Recommended Practice for charities applying FRS 102 rather than the version ol the
Slalemcnl of Recommended Practice which is referred to in the Regulations bul which has since been
wilhdrawn.
The financial slalemenls are prepared in sterling, which is the lunclional currency of the Society. Monetary
amounts in Ihese financial slalemenls are rounded lo the nearest £.
The financial slalemenls have been prepared under the historical cosl convention, Imodified lo include the
revaluation of freehold properties and lo include inve51menl Pfopertie5 and certain financial instruments al fair
valuel. The principal accounling policies adopted are Sel out below
1.2 Going concern
Al the lime of approving the financial slalemenls, the Governors have a reasonable expectation that the
Society has adequate resources lo Gonlinue in operational existence for the loreseeable future. Thus the
Governors continue lo adopt the going concern basis of accounting in preparing Ihe financial slalemenls.
1.3 Charitablo fund8
Unreslricled funds are available lor use al the discretion of Ihe Governors in furtherance of their charitabl8
obieclives unless the funds have been designated for other purposes In addition lo expenditure on orphans
and children, such funds may be held in order lo finan¢8 capilal investment and working capital.
Designated funds are amounls sel aside from unreslricled funds which have been 'earmarked' for particular
purposes.
Endowment funds are funds given lo Ihe charity which musl be held permanently by the chaflty. mainly as
inveslmenls. Income arising on the endowment fund may be used in accordance with the objects of the
endowment Any capital gains or losses arising on the investments lorm part of the fund.
1.4 Income
Income is recognised when the Society is legally entitled lo il after any performance ¢ondilions have been
mel, the amounts can be measured ieliably, and il is probable that income will be received.
Cash donations are recognised on receipt. Olher donations are recognised once the Society has been
notified of the donation, unless performance conditions require deferral of the amounl. Income lax
recoverable in relation lo donations ieceived under Gift Aid or deeds of covenant is recognised al the lime of
the donalion.
Legacies are recognised on receipt or otheNise if the Society has been notified of an impendin9 distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a
contingenl asset.
14-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng policies
{Continued}
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo make a payment lo a third party, il
is probable that selllemenl will be required and the amount of the obligation can be mèasured reliably,
Expenditure is classified under activity headings. Where costs cannot be directly allribuled lo particular
headings they have all been allo¢aled lo activities on a basis consislenl with the use ol the resources.
Management and adminislralion cosls are those incuried in connection with adminislralion of the charity and
compliance with constitutional and slalulory requirements.
Irrecover8ble VAT is charged a5 a cost against the activity for which the expenditure was incurred.
1.6 Tangible flxed assets
Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, nel of
depreciation and any impairment losses.
Dèpreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Office Equipment
Computer Equipment
Ground Rents
25 % Reducing Balance or 2001• Slraighl Line
509/9 Reducing Balance or 200/è Slraighl Line
00/0
The gain or loss arising on Ihe disposal of an asset is determined as Ihe difference between the sale
proceeds and the carrying value of the asset, and is recognised in the slalemenl of financial aclivilie5.
1.7 Flxed asset Investments
Fixed asset inve51menls are initially measured al transaction price excluding transaction cosls, and are
subsequently measured al fair value al each reporting dale. Changes in fair value are reco9nised in nel
incomellexpendilurel for the year. Transaction costs are expensed as incurred
1.8 Impalrment of fixed assets
Al each reporting end dale, the Society reviews the carrying amounts of ils langible assets lo delermine
whether there is any indication that those assets have suffered an impaiimenl loss. If any su¢h indication
exists, the recoverable amount of Ihe asset is eslirnaled in order lo delermine the exlenl of the impairmenl
loss lif any).
1.9 Cash and cash equivalents
Cash and cash equivalenls include cash in hand. deposits held al call with banks, other short-lerm liquid
inveslmenls with original malurilies of three months or les5, and bank overdrafts, Bank overdrafts are shown
within borrowing5 in current liabililies.
1.10 Financial Instruments
The Society has elected lo apply the provisions of Se¢lion 11 'Basic Financial Inslrumenls, and Section 12
'Olher Financial Instruments Issues, of FRS 102 10 811 of ils financial inslrumenls.
Financial instruments are recognised in the Society's balance sheet when the Society bècomes party to the
conlraclual provisions of the instrument.
Financial assets and liabilities are offset. with the nel amounts presented in Ihe financial slalemenls. when
there 15 a legally enforceable right lo sel off the recognised amounts and Ihere is an inlenlion lo sellle on a
nel basis or to realise the asset and settle Ihe liability simultaneously.

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policies
(Continued)
Basic financial assets
Basic financial assels, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried al amortised cost using the
effective inleresl method unless the arrangement conslilules a financing transaction, wherè the transaction is
measured al the present value of the future receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the afrangemenl constitutes a financing Iransaclion, where the debt inslrumenl is measured at the present
value of the fulufe payments discounted al a market rale of interest, Financial liabilities classified as payable
within one year are not amortised.
Debt inslrumenls are subsequently carried al amorlised ¢osl, using the effectiv8 interest rale method.
Trade creditors are obligalions lo pay for goods or services Ihal havè been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as ¢urfenl liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al
Iran5aclion price and subsequently measured al amortised cost using the effective interest method.
Derecognitlon of flnancial liabilities
Financial liabilities are derecognised when the Society's contractual obligations expire or are discharged or
cancolled.
1.11 Employeo benefits
The cost ol any unused holiday enlillemenl is recogni5ed in the period In which the employee's seNices are
received.
Termination benefits are recognised immediately as an expense when the Society is demon51rably commilled
lo lerminale Ihe employment ol an employee or lo provide lerminalion benefits.
1.12 Retirement benefits
Payments lo defined contribution retirement benefit schemes are Charged as an expense as they fall due,
Critlcal accountlng estimates and judgements
In the application of the Society's accounting policies, the Governors are required lo make judgements,
eslimales and assumptions about the Garrying amount of assels and liabililies that are not readily apparent
from other sources. The eslimales and associated assumptions are based on historical experience and other
factors Ihal are considered lo be ielevanl, Actual results may differ from these eslimales.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
16-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Donatlons and legacles
Unrestricted
funds
Total
2022
2021
Donations and gifts
Legacies receivable
5,348
16,727
23,147
52,944
22,075
76,091
Charitable actlvitlcs
2022
2021
Subscriptions
Eslate of James Bell
Francis Curley Charitable Fund
Presbyterian Fire Insurance Tiusl
Rents
363,948
19
11.258
151
1.412
333,882
19
10,327
129
820
376,788
345,177
Investments
Unrestricted Endowment
funds
funds
Total
Total
2022
2022
2022
2021
Income from listed inveslmenls
Inleresl receivable
462,514
592
486
463.000
592
463,000
108
463.106
486
463.592
463,108
For the year ended 31 December 2021
462.506
602
463,108

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Raising funds
Unrestrlcted
funds
Total
2022
2021
Fundraisin
and ublicil
Lileralure design
Lilerature printing
3,495
5.561
3,260
3.418
9,056
6,954
Investment mana
emenl
64,285
61,479
73,341
68,433
Charitable activlties
2022
2021
Staff costs
Depreciation and impairment
Quarterly regular gran15
Interim grants
Summerlwinler bonus
Exceptional granls
Small groups grant scheme
84,375
2,094
437.560
23,220
150,59D
76,130
15,446
86,111
1.360
437,283
16,760
159,520
62.300
8,407
789,415
769.741
Share of 5UPPOrt costs {5ee note 81
Share of governance c051s (see note 8)
38.167
2,472
39.909
2.400
830,054
812,050
18

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Support costs
Support Governance
costs
costs
2022
2021
Office renl
CurrenGy loss
Printing and slalionery
Postage
Telephone
Insurance
Miscellaneous olfice expenses
14,762
11 ,9481
5.228
4,028
2,775
1,343
11,979
14,762
11,948)
5,228
4,028
2,775
1,343
11,979
11.993
3,403
1,424
4,713
2,467
1,055
14,854
Audit fees
2,472
2,472
2,400
38.167
2.472
40.639
42,309
Analy5ed between
Charitable activities
38,167
2.472
40.639
42,309
Governors
None of the Governors lor any persons connecled with them) received any remuneration or benefits from the
Society during the year,
10 Employees
The average monthly number of employees during the year was,.
2022
Number
2021
Number
Employment costs
2022
2021
Wages and salaries
Social security costs
Other pension costs
63,834
12,902
7.639
66,682
12,244
7.185
84,375
86.111
There were no employees whose annual remuneration was more than £60,000.

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
11
Net gainsl(lossesl on investments
Unrestricted
funds
Total
2022
2021
Revaluation of investments
{1,618,4431
996,822
12 Tangible fixed assets
Offlco
Equlpmont
Computor Ground Ront$
Equlpmont
Total
Cost
Al 1 January 2022
Additions
13,943
16,651
1,161
21.908
52.502
1,161
Al 31 Decembei 2022
13,943
17,812
21,908
53,663
Depreciation and impairment
Al 1 January 2022
Depreciation charged in the year
11,894
558
11.029
1,535
12,408
35.331
2,093
Al 31 December 2022
12,452
12,564
12,408
37,424
Carrylng amount
At 31 December 2022
1,491
5.248
9,500
16,239
Al 31 December 2021
2,049
5.622
9.500
17,171
13 Fixed asset investments
Listed
investments
Cost or valuation
Al 1 January 2022
Additions
Valuation changes
Realised loss
Disposals
13,178.866
13,853
(1,582,779)
13,365)
{106,4811
At 31 December 2022
11,500,094
Carrying amount
Al 31 December 2022
11,500,094
Al 31 December 2021
13,178.866
20-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
14 Debtors
2022
2021
Amounts falllng du8 within one year:
Other debtors
Prepayrnenls and accrued inGome
4.570
1,538
6,769
750
6,108
7,519
15 Creditors: amounts falllng due withSn one year
2022
2021
Other creditors
Accruals and deferred income
43
21,999
23,073
23,073
22,042
16 Retlrement beneflt schemes
Deflned GontrSbutlon schemes
The Society operates a defined contribution pension scheme for all qualifying employees The assets of the
scheme are held separately Irom those ol the Sociely in an independently adminislered fund,
The charge lo profil or loss in respect of defined contribution schemes was £7,63912021 £7,185).
17 Analysls of net assets between funds
Unrestrlcted Endowment
funds
funds
2022
2022
Totsl
Totsl
2022
2021
Fund balances al 31 December 2022 are
represented by..
Tangible assets
Investments
Current asselsllliabi1iliesl
16,239
11,477,571
199,150
16,239
17,171
22.523 11.500,094 13,178,868
199,150
178,829
11,692.960
22,523 11,715,483 13.374,866
18 Related party transactions
There were no disclosable related party transactions during the year (2021 none).
21

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
19 Cash generated from operations
2022
2021
(Deficilllsurpus for the year
{1,659,383)
1,000,715
Adjuslmenls for.
Investment income recognised in statement of financial activities
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
1463,592)
1,618,443
2,094
1463,108)
1996,822)
1,360
Movements in working capital..
Decreasellincreasel in debtors
Increase in creditors
1.411
1.031
{639)
5.359
Cash absorbod by operations
1499,996)
1453,135)
22-

THE PRESBYTERIAN CHILDREN'S SOCIETY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
This page does not form part of the statutory financial statements which are the subject of the independent audilof's
report.
2022
2021
Revenue Income
Subscriptions
Dividends and Inleresl
Charitable rental income
Bank Interest
Eslale Of James Bell
Francis Curley Charitable Fund
Pres. Fire Insurance Trust
363,948
463,000
1,412
592
19
11,258
151
333,882
463,000
820
108
19
10,327
129
840,380
808,285
Legacles and donatlons
Legacies receivable
Donations and gifts
16,727
5,348
52,944
23,147
22,075
76,091
Total Revenue Income
862,455
884,376
Revenue Expendlture
Quarterly regular grants
Interim grants
Summerwinler Bonus
Exceptional grants
Staff costs
Miscellaneous office expenses
Office renl
Printing and slalionery
Fundraising
Audit fees
Postage
Telephone
Insurance
Investment management
Depreciation and impairment
Small groups grant scheme
Currency loss
437,560
23,220
150,590
76,130
84.375
11.979
14,762
5,228
9,056
2,472
4,028
2.775
1,343
64,285
2,094
15,446
11,9481
437.283
16,760
159,520
62.300
86,111
14.854
11,993
1,424
6,954
2,400
4,713
2,467
1,055
61,479
1,360
6,407
3.403
Totsl Revenue Expendlture
903,395
880,483
Net incomingl(outgoingl resources for the year
140,940)
3,893
-23-