Charity Number: NIC101971 Stranmillis Evangelical Presbyterian Church Annual Report and Unaudited Financial Statements for the financial year ended 31 December 2022 Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Luryan Co. Armagh BT66 6AS Northern Ireland
Stranmillis Evangelical Presbyterian Church CONTENTS Page Trustees, and Other Information Trustees, Report ststement of Trustees, Responsibilities Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-13 Supplementary Information relating to the Financial Statements 15-17
stranmillis Evangelical Presbyterian Church TRUSTEES, AND OTHER INFORMATION Trustees Mr David Gordon Rev John Roger Rev Gareth Burke Mr Harold Gibson Mr Metvyn Kelly Mr Colin Moore Charity Number in Northern Ireland NIC101971 Principal Address Evangelical Presbyterian Church 36 Stranmillis Road Belfast Co. Antrim BT9 SAA Northern Ireland Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Stranmillis Evangelical Presbyterian Church TRUSTEES. REPORT for the financial year ended 31 December 2022 The trustees present their Trustees, Report and the unaudited financial statements for the financial year ended 31 December 2022. The financial statements are prepared in accordance with the Charilies Act (Northern Ireland) 2008. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities= Statement of Recommended Practi applicable to charities preparing their financial statements irb accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice {SORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Stranmillis Evangelical Presbyterian Church present a summary of its purpose, governan, activilies, achievements and finances for the financial financial year 31 December 2022. The charity is a registered charity and hence the report and resulls are presented in a form which complies with the requirements of the Charities Act (Northern Ireland} 2008 and. although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102. the organisation has implemented ils recommendations where relevant in these financial statements. Mission, Objectives and Strategy Mission Statement Slranmillis Evangelical Presbyterian Church exists to advance the Chrislian faith by proclaiming and upholding ihe Gospel of Jesus Christ. as contained in the Bible and in accordance with the Westminsler Confession of Faith and Catechisms. and all this to the benefit of people, both young and old, within the Slranmillis congregation and the surrounding area and across the world. After two years of disruption to church life due to Covid a programme for a gradual return to normal practi was approved at the February Session meeting. Our church continues to provide financial support to the Central Fund of the Evangelical Presbyterian Church and to Chrislian missionary work at home and abroad. Financial Review The trustees are again thankful for the support from all involved in the charity. Income from various sources this year totalled £296,783 with expenditure on charitable activities of £220.487. Reserves policy The trustees continue to monitor and update their reserves policy in order to establish the level of reserves thal are required lo continue with our aims and objectives in future years. Results and Dividends At the end of the financial year the charity has assets of £1,292,419 {2021 £1,216,123) and liabilities of £1.200 (2021- £1,200). The net assets of the charity have increased by £76,296. In accordance with the Constitution, the trustees retire by rotation and, being eligible, offer themselves for re-election. Compliance with Sector-wide Legislation and Standards The charity engages pro-actively with legislation. standards and codes which are developed for the sector. Stranmillis Evangelical Presbyterian Church subscrtbes to and is compliant with the following= The Charities SORP (FRS 102)
Stranmillis Evangelical Presbyterian Church TRUSTEES. REPORT for the financial year ended 31 Dember 2022 Public Benefit Stranmillis Evangelical Presbyterian Church benefits ils members, the local community and the general public by making known the Christian Gospel of the Lord Jesus Christ through our purpose of the advancement of religion. Our members, adherents and the general public benefit from the opportunity for public worship, the pastoral care provided. and the mutual opportunities for fellowsliip and social inleraclion. The declaration of God's Word on a regular basis enables spiritual. moral and intellectual development, for our congreoation and for anyone else who wishes lo benefit from what the church offeis. the promotion of Christian values and service by members of our congregation brings benefit lo individuals and society as a whole. Our regular public worship services are open to all, and are advertised on our denominational website. our own website and our public congregational noliceboard. The benèfits of our organisalion are evidenced through informal and ad-hoc feedback from our members, their families. parents of the young people who allend our youth meetings, and the wider public. We believe that no harm can come from the purpose of the charity. The only private benefit flowing from our purpose is the employment of the minister of the church who ceIVe$ certain benefits as a result of his employment. However, this is incidental and ne$sary in order lo further our advancement of religion charitable purpose. There are no other private benefits, as all of our aciivilies are open lo the general public and advertised lo them. Our beneficiaries include our members, their families, and the community in which we minister. The Trustees of Slranmillis Evangelical Presbyterian Church have given careful consideration lo the Charity Commission of Northern Ireland's stalulory guidan on public benefit to ensurè that the activities entered into during the year have helped to achieve the charity's purposes and provide a bènefit lo ils beneficiaries. Approved by the Board of Trustees on 26 September 2023 and signed on Its behalf by- Mr Harold Gibson Trustee
Stranmillis Evangelical Presbyterian Church STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 December 2022 The Iiuslees are responsible lor preparing the financial statements in accordance with applicable law and regulations. The law applicable to 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 position ol the charity as al the financial year end dale and of the surplus or deficit of the charity and otherwise comply with the Charities AGI (Northern Ireland) 2008. In pieparing these financial slalemenls, the Iruslees are requifftd to.. select suitable accounting policies and apply them CDnsislenlly', observe the methods and principles in the Charities SORP make judgements and eslimales that are reasonable and prudent., slate whether the financial slalements have been prepared in accordance with the levanl financial reporting framework. identify those standards. and note the effecl and the reasons for any material departuie from those standards., and prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial slalemenls. The trustees a responsible for keeping adequate accounting records that are sufficient lo show and explain the charity's transaction5 and disclose with reasonable accuracy al any limè the financial position of the charity and enable them lo ensure that the financial slalemenls comply with the Charities Act (Northem Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 26 September 2023 and signed on its behalf by.. Mr Harold Gibson Trustee
Stranmillis Evangelical Presbyterian Church INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF STRANMILLIS EVANGELICAL PRESBYTERIAN CHURCH We have examined the financial stalements of the charity for the financial year ended 31 December 2022, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. This report is made solely to the charity's members, as a body, in accordance with the Charities Act (Northern Ireland) 2008. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report. Respective responslbilities of trustees and examiner The CharItS trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Acl (Northern Ireland) 2008. The charity's trustees consider Ihat an audit is not required for this financial year under the Charities Act (Northern Ireland) 2008 and that an independent examination is required. It is our responsibility to= examine the financial statements under section 65 of the Charities Act- follow the procedures laid down by the general Directions given by ihe Charity Commission for Northem Ireland under section 65(91(b) of the Charities Act,. and state whether particular matters have come to our attention. Basis of independent examine8 report We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519)(b) of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the eviden Ihat would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect.. accounting records were not kept in accordance with section 63 of the Charities Act the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) there is further information needed for a proper understanding of Ihe accounts to be reached. Independent examiner's statement We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. DALY ARK & COMPANY LTD Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Date: 26 September 2023
Stranmillis Evangelical Presbyterian Church STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 December 2022 Unrestricted Restricted Funds Funds 2022 2022 Totsl Unrestricted Restricted Funds Funds 2021 2021 Total 2022 2021 Notss Incoming Resources Voluntary Income Investments 283,677 244 12,858 296,535 248 159,638 279 12,095 171,733 280 Total incoming resources 283,921 12,862 296,783 159,917 12,096 172,013 Resources Expended Charitable activities 220,487 220,487 170,671 170,671 Net incomel{expenditure) Transfers beeen funds 63,434 10,187 12,862 (10,187) 76.296 (10,7541 16,579 12,096 (16,5791 1,342 Net movement in funds for the financial year 73,621 2,675 76,296 5,825 (4,483) 1,342 Reconciliation of funds Balances brought forward at 1 January 2022 13 1,209,786 5,137 1,214,923 1,203,961 9,620 1,213,581 Balances carried forward at 31 December 2022 1,283,407 7,812 1,291,219 1,209,786 5,137 1,214,923 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 10 to 13 form part of the financial slalements
Stranmillis Evangelical Presbyterian Church BALANCE SHEET as al 31 December 2022 2022 2021 Notes Fixed Assets Tangible asse15 1,105,196 1.161,175 Current Assets Debtors Cash at bank and in hand 4,009 183.214 2.504 52,444 187,223 54.948 Creditors: Amounts fallin9 due within one year 11,2001 11.2001 Net Current Assets 186,023 53.748 Total Assets less Current Liabilities 1,291,219 1,214,923 Funds Reslricled funds Unreslricled designated funds General fund lunreslricledl 7,812 1,105,196 178,211 5,137 1.209,786 Total funds 1,291,219 1,214,923 Approved by the Board of Trustees and authorised for issue on 26 September 2023 and signed on its behalf by Mr Harold Gibs Trustee The notes Dn pages 10 to 13 form part of the financial stalernenls
Stranmillis Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 Dember 2022 GENERAL INFORMATION Stranmillis Evangelical Presbyterian Church is a charity incorporated in Northern Ireland. The registered office of the company is Evangelical Presbyterian Church. 36 Stranmillis Road, Belfast, Co. Antrim. BT9 SAA, Northern Ireland which is also the principal place of business of the company The financial statements have been presented in Pound Sterling (£) 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 ilems which are Gonsidered material in relation to Ihe charity's financial statements. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" As permitted by the Companies Act 2006, the charity has varied the standard fomiats in that act for the Statement of Financial Activities and the Balance Sheel. Departures from the standard formats are to comply with 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 charity for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordan with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance wilh Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Incoming Resources Voluntary income or capital is included in the Statement of Financial Activities when the chaiily is legally entitled to it. its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate re[pt. Entitlement to legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until eamed. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Resources Expended All resources expended are accounted 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 fundraising activities. Non-staff costs not attributed to one category of adivity are allocated or apportioned pro-rata to the staffing of the relevant service. FinanTr, HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional and statutory requirements. Tangible fixed assets and depreciation Tangible fixed assels are staled at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated lo write off the original cost or valuation of tangible fixed assets. less their estimated residual value, over their expected useful lives as follows: Land and buildings freehold Fixtures, fittings and equipment Motor vehicles 4D/o Straight line 20 % Straight line 150/0 Stfaight line No depreciation charged on assets under construction. 10
stranmillis Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS ntinued for the financial year ended 31 December 2022 Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other CO•funders, bul noi yel received at year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxation and deferred taxation No current or deferred taxation arises as the charity has been granted tharitable exemption. Irrecoverable valued added tax is expensed as incurred. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future. or a right to pay less tax in the future. Timing differences are temporary differences beeen the wmpany's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounled basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expecled lo reverse, based on tsx rates and laws that have been enacted or substantively enacted by the balance sheet date. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2022 2021 General Offerings Special Offerings - General treasurer Special Offerings- Congregational Other income 215,629 2,667 507 9.684 218,296 507 9.684 68.048 167,242 610 2.255 1,626 68,048 283,677 12,858 296,535 171,733 INVESTMENTS Unrestricted Restricted Funds Funds 2022 2021 Investment Income 244 248 280 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2022 2021 Cost Charitable Activities 163.082 57,405 220,487 170,671 SUPPORT COSTS Charitable Activlties 2022 2021 Support Costs 57,405 57,405 58,958 ANALYSIS OF SUPPORT COSTS 2022 2021 Support Costs 57.405 58.958
Stranmillis Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS ontinued for the financial year ended 31 December 2022 NET INCOMING RESOURCES 2022 2021 Net Incoming Resources are stated after chargingl(crediting): Depreciation of tangible assets 55,979 55,979 INVESTMENT AND OTHER INCOME 2022 2021 Insurance claims receivable Bank interesl 1.220 280 248 248 1,500 INTEREST PAYABLE AND SIMILAR CHARGES 2022 2021 On bank loans and overdrafts 1.690 TANGIBLE FIXED ASSETS Land and Fixtures, buildings fittings and freehold equipment Motor vehicles Total Cost At 31 December 2022 1,314.083 2,768 19,080 1,335.931 Depreciation At 1 January 2022 Charge for the financial year 171.340 52,563 554 554 2,862 2,862 174.756 55,979 At 31 December 2022 223,903 1,108 5,724 230,735 Net book value At 31 December 2022 1,090,180 1,660 13,356 1,105,196 At 31 December 2021 1,142,743 2,214 16,218 1,161,175 10. DEBTORS 2022 2021 Prepayments and accrued income 4.009 2,504 11. CREDITORS Amounts falling due within one year 2022 2021 Accruals and deferred income 1,200 1,200 12
Stranmillis Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS ontinued for the financial year ended 31 December 2022 12. RESERVES 2022 2021 At 1 January 2022 Surplus frjr Ihe financial year 1,214,923 76,296 1,213,581 1,342 At 31 December 2022 1,291,219 1,214.923 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 January 2021 Movement during the financial year 1,203,961 5,825 9.620 (4,483} 1,213.581 1,342 At 31 December 2021 Movement during the financial year 1,209,786 73,621 5,137 2,675 1,214.923 76,296 At 31 December 2022 1,283,407 7,812 1,291,219 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2022 Income Expenditure Transfers Balance between 31 December funds 2022 Restricted funds Central Fund Building Fund 2,616 2.521 10,191 2.671 (10,187) 2,620 5.192 5.137 12,862 (10,187) 7.812 Unrestricted funds Designated Fixed Asset Fund Unrestricted General 1,105,196 220,487 (1,095,009} 1,105,196 178,211 1,209.786 283.921 1.209.786 283.921 (220,487) 10,187 1,283,407 Totsl funds 1,214,923 296,783 220,487 1.291,219 14. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 13
STRANMILLIS EVANGELICAL PRESBYTERIAN CHURCH SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 14
Stranmillis Evangelical Presbyterian Church SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 December 2022 2022 2021 Income FWO Scheme Other Offerings Donations & Bequests Sunday School Ladies Fellowship Help The Needy Other income - Minibus Donations Building Fund Offerings Gift Aid R Vandi Books India Disaster Manuel Franco (C. Card Box) B&E Smith- Farewell Setvice C&J Thiede - Farewell Setvice S Garland - Retirement Servi Ukraine Appeal (EMF) Pakistan Disaster Solas Conference Ukraine Bibles & Baskets 123,579 73,451 57.554 317 1,892 507 40 1.450 28,053 109,310 8,845 9.249 1,505 610 400 6.950 31,383 20 1.970 265 981 1,144 375 4.830 1,310 664 380 296,535 170,513 The supplementary information does not form part of the financial statements 15
Stranmillis Evangelical Presbyterian Church SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 December 2022 2022 2021 Expenses Rates Premises Insurance Cleaning, Light and heat Repairs and maintenance Equipment & supplies Printing. poslage and adverts Books, magazines Telephone Minibus Running Costs Central Fund Mission Africa SA- Dumisani Thoe Insl Help the Needy Pulpit Support P'way. YPA'S. Creche, Cn'ct, M&T Sunday School - Missionary Ladies Fellowship- Missionary Project Ladies Fellowship- Presents & Gifts Ladies Fellowship - Conferences ACTS UFM Solas Conferen International Mission to Jews EMF- J de Segovia EMF- M Franco EMF- Church in Ukraine B&E Smith Christian Institute Friends International IFES - P Grier Ladies Fellowship C&J Thiede- Farewell Service Student Work Cross-Links B&ESmith Cornerstone - J Burton S Garland - Retirement Service Queens C.U. Solas India Disaster Manuel Franco Casa Mea Staff U.A. - Ukraine U.A.- Casa Mea Pakistan Disaster Ukraine Bibles & Baskets Julia Killen Accounlanoy Bank charges Misc. expenses Depreciation 1,621 1,279 15,605 4,144 1,299 460 1,419 1,119 10,193 80,025 700 750 507 100 1,161 317 2,962 449 50 1,000 1,228 1.327 9,423 1,648 610 1,106 727 1,087 3,487 69,306 1.000 500 610 300 483 850 574 25 1.000 1,250 1,650 850 500 1,500 1,000 2.731 1,250 375 1,500 750 1.144 933 1,000 4,000 4,000 375 500 500 1.000 350 1,000 500 132 1,500 2,750 2,000 350 50 2,500 265 2.600 4,280 1,720 2,000 380 300 1.320 106 3,084 55,979 1,200 89 1,775 55.979 220,487 168,981 The supplementary information does not form part of the financial statemenls 16
Stranmillis Evangelical Presbyterian Church SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 December 2022 2022 2021 Finance Bank interest paid 1,690 Miscellaneous income Insurance claims receivable Bank interest 1,220 280 248 248 1,500 Net surplus 76,296 1,342 The supplementary information does not form part of the financial statements 17