Charity registration numbeT:NIC102050
Glenabbey Church
Ajmual Report and Financial Ststernents
for the Year Ended 30 June 2023

Glenabbey Church
Contents
Trustees, Report
I to5
Statement of Trustees, Responsibilities
Independent Auditors, Report
7tolO
Statement of Financial Activities
Balance Sheet
12
Notes to the Financial Statements
13to24

GIenabbey Church
Trustees, Report
The Trnstees present their report and the finan¢i21 ststements of the church for the year ended 30 June 2023. The
Trustees confm that they comply with the requirements of the Charities Act (Northern Ireland) 2008, The
Charities (Annual Return) Regulations (Northern IrelÈnd} 2015, The Charilies (Annual Return) Regulations
(Northern Ireland) 2015 and Aecounting and Reporting by Charities.. Statement of Recommended Practice
which applies to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015).
The Trustees
The Trustees who served the church during the year were as follows:
David cU￿ie
lain Johnston
Mark Jones (appointed 18 May 2023)
Garth Mccartney
Martin Spence (appointed 18 May 2023)
Ian Thompson (appointed 18 May 2023)
Structure, Governance & Management
GleDabbey Church is governed by a Trust Deed adopted on 13 February 1992.
The Trustees aTe responsible for the overall governance of the chwch. The number of Trustees shall not be less
than IhTee, IIOT moTe than seven.
Trustee Selection, Appointment & Competence
When a Trustee vacancy exists, the current Trustees will appoint a replacement or additional TTUStee. No person
shall be appointed as a Trustee wbo does not hold the basic doctrines of faith as specified in the Trust Deed.
External Audit
At the Trustees, Meeting on 18 May 2023, TB Millar were re-appointed as external auditors for the period I July
2022 to 30 June 2023.
StateniÈnt of Compliance Ivith Public Benefit Guidance
In setting our activities and planning our activities for the year the trustees have given careful consideration to
the ChaTity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have
helped to achieve the charity's purposes and provide a benefit to the beneficTaries.
Purposes
The purpose of this Trust shall be as follows..
To proclaim and fLllther the Gospel of God concerning his Son Jesus Christ, our Lord and the preaching and
teaching of the Christian Faith throughout the UThited Kingdom of Great Britain and Northern Ireland and
elsewhere.
To organise. sponsor and prO￿Ote the advaThcemeTht of the Christian religion throughout the United Kingdom
of Great BTltain 2nd Northem Ireland and elsewhere the object of which shall be..
i) To seek to present the
Gospel to every creature by every means possible and lead men women and children to a saving Faith in our
Lord Jesus Christ and teach and encourage them in the Service of God- ii) To produce publish and distribute tb¢
Scriptures. C￿1St1an Literathre, audio-visual aTds. fi1n￿ and any other material of a religious nature, provided
that the Tn]stees shall not engage in any pennanent trading activity; iii) To aid the C￿lstian Church in all its
ministries by specialist seTvices wheTeby the Word of God is presented so that those to whom it is presented
may be led to personal faith in tbe Lord Jesus Christ and May be encouraged and instrncted in the development
of Christian character and may tske their place a8 members and workers in the life of their local Church. iv) To
promote thoughtfvl Bible reading among people of all ages.
Page I

GleThabbey Church
Trustees, Report (continued)
To hold public nieeh'ngs for the preaching of the Gospel of the Grace of God and for the fellowship and
edification of Christians.
To assist in the relief ol hunwi suffering and poverty consequent upon the effect of personal, local national or
international disaster.
There is no harm associated with the purposes.
Summary of activities
Sunday services
Sunday children's prograrnines
Weekly programines for bible teaching, study and prayer
. Tuesday night youth prOgr2￿meS
Friday night youth and children's programmes
. Community progranunes
Missions support groups
Summer carnps for children and youth
• Sun)mer trips nationally and internationally
Povety relief and humanitarian trips
Monthly club for adults with leaming difficulties
Provision of creche facilities
Parent and toddler group
Renew (Mums, fitness class)
Monday Club (friendship group for over 50's)
Holiday Bible Club
Beneficiaries
The cbarity's beneficiaries are..
The regular attendees of all ages at weekly events Tun in its own Pre￿iSeS in Newtownabbey and at other
locations in County Antrim.
People from many countries who access the Bible teaching via the Internet.
Hundreds ol cliildren, young people and adults that are assisted financially. pastorally, physically and spiritually
throiigh the Charity's partnerships.
The poor and disadvantaged, especially in Ethiopia, Kenya, Chad and EcuadoT, who are reached in person by
teams sent out each year as well as enjoying financial support.
Local young people and adults With leatlling diffEculties.
Private benefit
The only private benefit aTising in the period was the remuneration of those employed to manage the charity.
This benefit is incidental to and doe5 not outweigh the public benefit,
Public benefit
During the period, the charity has continued to provide benefits from its activities as follow8.'
Page 2

Glenabbey Church
Trustees, Report (continued)
The provision of a Christian and moral frarnework encouraging people to engage positively with the culture
around them and to care foT their fellow hillnan beings. Deepening undeTStanding of how the Bible speaks to
contemporary culture 2nd guidance as to how Christians can Make a positive contribution to tb¢ peace and
prosperity of the wider community. The provision of re￿ular Cluistian education, helping people to understand,
live out, defend and prornote the Christian oospel. The development of individual ability and gift. The
engagement and encourdgement of hundreds of willing volunteers in practical and spiritual service to their
fellow human beings. The spiead of the Gospel of peace, bringing reconciliation both between human beings
and God and between human beings.
The promotion of the importance of facilitation of honest discussion and exan]ination of the Christian faith in
compaTison with other value systems. The provision of Bible teaching resouTces in audio, audio-visual and
written fonn that are used locally and internationally. The organisation of Conferences and special events to
benefit other churches and individuals. The running of specialist training programmes for leaders and
participants.
The encouragement of deeper knowledge and understanding of the Christian faith and its relevance to
contemporary society. The encouragement of people gathering together for common purpose, developing
friendships and providing help and support to one another. The ¢reation of a safe place for people from all walks
of society to hear about, explore and discuss the Christian faith.
Significant practica] relief delivered by experts to those who urgently need it. The support of individua15 Wlthin
ur community who have suffered physic81 and l or financial reversal. The encouragement of an outward
ethog of geneToiig and praeti¢al Compassion. These benefits are demonstrated through: Those attending and
benefiting directly each week, the leaders and helpers mobilised each week through vaTiQUS programmes and the
positive conttibutions of members within the wider community and the effective pastOTal care supporting both
families and individuals
the resources already produced and in wide use, Tegular training and personal
development programmes, active use of the internet, app and social media and high levels of fmancial and
personal investment in the programmes - large number of attendees at Sunday services, the number remaining
after services to talk and interact and the quality and quantity of these discussions and the number of sceptics
attending. The generous amounts of financial provision for the needs of vulnerable people in Chad. Ecuador and
Ethiopia and Kenya, and support for local people in financial distress OT particular need. The provi8ion of
language classes, opportunity for social interaction and care to people from a range of countries seekipAg asylum
in our county.
There are no restrictions on those who can benefit from the activities of Glenabbey.
Financial Review and Results for the Year
See attached amiual accounts for the year ended 30 June 2023. The Trustees are satisfied with the financipAI
position of tbe ¢harity.
Achievements and perform#nee for the year
Systematic teaching of the Bible was held on a weekly basis throughout the year both through serviees in
Glenabbey Church and online. OUT online Provision continues to benefit those members who cannot attend in
person and others from all around th¢ world.
A strong programme of activities were made available to children and young people to strengthen their faith.
We continue to be deS1￿￿ted undeT the Safe Church Initiative.
During the year we provided fmancial support to Christian workers In Chad. Ecuador. Zarnbia, Scotland,
Bulgaria and Ireland.
Financial support has also continued of overseas charities working to relieve poverty and suffering in Ethiopia
and Kenya.
Page 3

Glenabbey Church
Trustees, Report (continued)
Our own Barnabas Fund, which was set up to help those in partieulaT financial need, has been active during this
year and bas responded swiftly where fllwicial need has been identified.
We became a member churcb of Welcome Churches, a network which welcomes and supports tbose who have
travelled from across the world to our locality, many of whom have fled war, persecution and famine.
We established a support group for parent5 and carers of children with neuio-diverse conditions.
Partnership with and support of the following has continued:
. Newtownabbey Foodbank
Greater Ballyclare Youth for Christ
Monkstown Village Initiatives
Cl)ristians in Sport
PareThts and Kids Together, CatTickfergus
Street Pastors
. Active Listening
. Model Railway Club
Hope 365
Christians Against Povety
. Newtownabbey Foodbank
. Causeway
. Home for Good
Prison Fellowship
. Transforn]ing Lives for Good
Plans for the future
It is the intention of the trllstees to continue the current activities of the cbarity and expand and develop these as
they see fit to achieve the purposes of the charity and to ensure the continued delivery of public benefit as
described elsewhere in this report.
Risk Management
Risk is an everyday part of the Charity's nonnal activity. The Trustees have considered and identified the rnajor
risks to which the charity is exposed and having lakell appropriate professional advice have been assured that
adequate systems and procedures are in place to mitigate or manage those risks.
Reserves Poliey
The Charity does tLOt have a reserves policy.
Pensions
The charity operates a defined contribution pension scheme (whicli tneets the requirements of The Pension
Regulator as a qualiffi'ng workplace pengion scheme) for the benefit of its pernianent staff and those who are
eligible under Auto Enrolnient. The assets are administered by insurance companies in personal pension plans
and are held independently from those of the charity. Contributions are charged to the Statement of Financial
Activities in the period to which they relate.
Results
The results for the year and the charity'8 financial position at the end of the year are shown in the attached
fmancial statements.
Page 4

Glenabbey Church
Trustees, Report (contlnued)
Reference and Administrative Details
Charity Registration Number
NIC102050
Principal Office-
Ballycrdigy Road
Newtownabbey
Co Antrim
BT36 5ZZ
Auditor-
TB Millar & Co
Chartered Ac¢ount&nt & Registered Auditor
6 Doagh Road
Ballyclare
Co Antrim
BT39 9BG
Bankers:
Danske Bank
North Business Centre
1_2 Broadway
Ball￿ella
Co Antrim
BT43 7AA
Disclosure of Inforn￿￿On to auditor
Each trnslee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any
relevant audit inforn)ation and to establish that the charity's auditor is aware of that information. The trustees
confinn that there is no relevant infornlltion that they know of and of which they know the auditor is unaware.
The annual report was appToved by the trustees of the charity on 19 October 2023 and signed on its behalf by..
David Currie
Trustee
in Johnston
Trustee
Page 5

Glenabbey Church
Statement of Trustees, Responsibilities
The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and
applicable law and regulations.
The law applicable to charities requires the twstee5 to prepare financial statements for each financial year which
give a true and fair view of tbe state of affairs of the charity and of the incoming resources and application of
resources of the charity for that period. In preparing these financial statements, the trustees are required to..
select suitable accouDting policies and then apply them consistently.
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject to any material departures
disc105ed and explained in the flnancial statements. and
PTepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The tTUStees are responsible for keeping proper accounting records that disclose witb reasonable accuracy at any
time the financial position of tbe cbarity md enable tbem to ensure that tbe fmancial statements comply with the
Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and Ibe provisions of the
onstitution. The trustees are also Tesponsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of th¢ corporate and financial inforllthtion
included on the charitable company's website. Legislation governing the preparation and dissemination of
fmancial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 19 October 2023 and signed on its behalf by:
David Currie
Trustee
ain Jolmsto
Trustee
Page 6

Glenabbey Church
Independent Auditor's Report to the Members of Glen2bbey Church
Opinion
We have audited the financial statements of Glenabbey Church (the 'charity') for the year ended 30 June 2023.
which comprise the Statement of Financial Activities, Balance Sheet, and Notes to the Financial Statements.
including a summary of sigllificant accounting policies. The financial Teporting framework that has been applied
in their preparation is United Kingdom Accounting Standards, eompTising Chartties SORTr - FRS 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United
Kingdom Generally Accepted Accounting Practice).
In our opinion the financial slatements..
give a true and fair view of the state of the charity's affairs as at 30 June 2023 and of its incoming resources
and application of Tesources for the year then ended.
have 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 (Northern Ireland) ?008.
Basis for opinio
We conducted our audit in accordance with tntemational Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our Tesponsibililies under those standardg are further described in the auditor responsibilities for
the audit of the financial statements section of our report. We are independent of the charity in accoTdance with
the ethical requirements that are relevant to our audit of the financial stalements in the UK, including the FRC'S
Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Conclusions relating to going eoneern
In auditing the fsnancial statements. we have concluded that the t￿St￿eS use of the going concern basis of
accounting in the preparation of the financial statements 18 appropriate.
Based on the work we have perfoThed, we have not identifled any tnaterial uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a
going concem for a period of at least twelve months from when the original financial statements were authorised
for issue.
Our responsibilities and the responsibilities of the trustees with Tespecl to going concern are described in the
relevant sections of this report.
Other information
The trustees are responsible for the other infOrn￿tiOll. The other ]nforTh￿tIon Comprises the inforniation included
in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the
financial statements does not cover the other inforn]ation and, except to the extent otherwise explicitly stated in
our report, we do not express any forni of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibility is to read the other infonnation and,
in doing so, cons?der whether the other infom]ation is materially inconsistent with the financial statements or
our knowledge obtained in the audit OT Othenvise appears to be materially misstated. If we identify such tnaterial
inconsistencies or apparent material misststernents, we are required to deterniine whetber there is a material
misstatement in the fmancial statements or a material misstatement of the other infoTmation. If, based on the
work we bave perfornied, we conclude that there is a rnaterial tnisstaternent of this other infonnation, we are
required to report that fact.
We have nothing to Teport in this Tegard.
Page 7

Glenabbey Church
Independent Auditor's Report to the Members of Glenabbey Church (continued)
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the chaTity and its environment obtained in the course of the
&udit, we have not identified material misstaternents in the TTUStees' Report.
We have nothing lo report in respect of the following matters where the Charities Act (Northern Ireland) 2008
requires us to report to you if, in our opinion-
adequate accounting records have nol been kept, or returns adequate for our audit have not been received
from branches not visited by us. or
the fmancial statements are not in agreement with tbe accounting records and returns. or
certain disclosures of trustees remuneration specified by law are not made. OT
we have not received all the iTJforrnatioD and ¢xplatLations we require for our audit.
Responsibilities of trustees
As explained more fiLlly in the Statement of Trustees, Responsibilities (set out on page 6), the trustees are
responsible for the preparation of the financial staten]ents and for being satisfied that they give a true and fair
view, and for such internal control as the trLlStees deternine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or eTTOr.
In preparing the financial staternents, the trustees are responsible for assessing the charity'8 ability to continue as
a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic
alternative but to do so.
Auditor Responsibilities for the audit of the financial statement5
Our objectives are to obtain reasonable assurance about whether the fmancial statements as a whole are free
from material n]isst&temenl, wbetber due to fraud or error, and lo issue ￿ auditor's report tbat includes our
opinion. Reasonable assurance is a ]]igb level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the econoinic decisions of user5 taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below-
Page 8

GIenabbey Church
Independent Auditor's Report to the Members of Glenabbey Church (continued)
We considered the OPPDrtunities aDd incentives that may exist within the Charity for fraud and identified the
greatest potential for fraud in relation to revenue recognition and payment of amounts from the Charity. In
common witb all audits under ISAS (UK), we are also required to perforni specific procedures to respond to the
risk of management override.
We also obtsined an understanding of the legal and regulatory framework8 that the Charity operates in, focusing
on provisions of those laws and regulations that had a direct effect on the detertnination of material amounts and
disclosures in the financial statements. The key laws and regulations we Considered in this context included
Companies Act 2006, Charitie5 Act (NI) 2008 and guidance provided by the Charity Commission foT Northern
Ireland.
In addition, we considered provisions of relevant laws and regulations that do not have a direct effect on the
financial statements but compliance with which may be fundamental to the Charity's ability to operdte OT to
avoid a material penalty.
Our procedures to respond to risks identified includ¢d the following:
reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
with provisions of relevant laws and regulations described as having a direct effect on the financial statements.
enquiring of management regarding actLlll and potential litigation and claims.
perforn)ing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of
material misstatement due to fraud-
reading minutes of meeting8 of those charged with governance and reviewing regulatory correspondence with
the Charity Comrni8sion for Northern Ireland;
in addresging the risk of fraud through management override of controls we, tested the appropriateness of
joumal entrieg and other adjusknenls. assessed whether the judgements made in making aceountlng estimates
are indicative of a potential bias- evaluated the business rationale of any significant transactions. and where
possible obtained diTect confirmation of balances ind¢p¢ndently from the relevant paty.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members, and remained alert to any indications of fraud or non-compliance with laws and regulation5
throughout the audit.
Because of the inherent limilations of an audit, there is a risk that we will not detect all irregularities. including
those leading to a material misstatement in the financial statements or non-compliance with re.trul&tioTh. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial staten]ents, as we will be less likely to become aware of instances of non-compliance.
The risk is also greateT regarding irregularities occiirring due to fraiid rather than error. as fraud involves
intentional Concealment. forgery, collusion, omission or misrepresentation.
A fillther description of our responsibilities is available on the Financial Reporting Council's website at..
www.frc.org.uk/auditorsresponsibilities. Thi5 description fomis part of our auditor's report.
Use of our report
This report is made solely to Ihe charity lrnstees, as a body, in accordance with section 144 of the Charities Act
?01 l and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might
state to the trnstees those matters we are required to state to trustees in an auditors, report and for no other
piirpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone oth¢T than
the charity and its trustees as a body, for our audit worL for this report, or for the opintons we hav¢ form¢d.
Page 9

Glenabbey Church
Independent Auditor's Report to the Members of Glenabbey Church (continued)
(Senior Statutory Auditor)
alf of TB Millar & Co, Statutory Auditor
6 Doagh Road
Ballyclare
Co Antrirn
BT39 9BG
19 October 2023
TB Millar & Co is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as
auditor of a company under section 1212 of the Companies Act 2006.
Page 10

Glenabbey Church
Statement of Financial Activities for the Year Ended 30 June 2023
Unrestrllcted
funds
Restricted
funds
Total
2023
Note
Income and Endowments from:
Donations and legaeies
Charitable activities
Investment income
Otlier income
546,013
3.670
1,713
1,278
110,461
22,480
656,474
26,150
1,713
1,278
Total income
552,674
132,941
685,615
Expenditure on:
Charitable activities
(584,007)
(48,397)
(632,404)
Total expenditure
(584.007)
(48,397)
Net (expenditure)/in¢ome
(31,333)
84,544
53,211
Net movement in fi]nds
(31.333)
84.544
53.211
Reconcllliation of funds
Total fLmds brought fonvard
1,452,585
{195,430)
1,257,155
Tothl funds carried forward
17
1,421,252
(110,886)
1,310,366
Unrestricted
funds
Restricted
funds
Total
2022
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment inconie
Other income
520,489
1.618
236
2,790
116,716
44,274
15
637,205
45,892
251
2,790
Total income
525,133
161,005
686,138
Expenditure OD:
Charitable activities
(506,968)
(73,605)
(580,573)
Total expenditure
(506,968)
(73,605)
(580,573)
Net income
18,165
87,400
105,565
Net rnovement in funds
18,165
87,400
105,565
Re¢oD¢ili2tion of funds
Total fvnds brought forward
1,434,420
(282,8301
1,151,590
Total funds carried forward
17
1,452,585
(195,430)
1,257,155
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 13 to 24 forni an integral part of these financial statements.
Page 11

Glenabbey Church
(Registration number: 102050)
Balance Sheet as at 30 June 2023
2023
2022
Note
Fixed assets
Tangible assets
12
997,265
1,025,925
CuTrent a5set5
Debtors
Cash at bank and in hand
13
107,815
401,568
57,094
394,501
14
509,383
451.595
Creditors: Amounts falling due Jvithin one year
15
(49,304)
(50,540)
Net current assets
460,079
401,055
Total assets less current liabilities
1,457,344
1,426,980
Creditor5: Amounts falling due after more than one year
16
(146.978)
{169,825)
Net assets
1,310,366
1,257,155
Funds of the charity:
Restricted
(110,886)
(195,430)
Unrestricted income funds
UnrestTiCted
1,421,252
1,452,585
Total funds
17
1,310,366
1,257,155
The financial statements on pages I I to 24 were approved by the trustees, and autliorised for issue on 19
October 2023 and signed on their behalf by..
David Currie
Trustee
Iain Jol]n
Trustee
The notes on pages 13 to 24 forni an integral part of these fmancial statements.
Page 12

Glenabbey Church
Notes to the Financial Statements for the Year Ended 30 June 2023
l Accounting polieie$
StAterneDt of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities-.
Statement of Recommended Practice applicable to charities preparing their accounts in ac¢ordance with the
Financial Reporting Stalld2rd applicable in the UK and Republic of Ireland (FRS 102) (effective l January
2015) - (Charitie8 SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 102) and the Charities Act (Northern Ireland) 2008.
Basis of preparation
Glenabbey Church meets the definition of a public benefit entity under FRS 102. The accounts (financial
statemenls) have been prepared under the historical cost convention with items recognised at cost or transaction
value unless otherwise stated in the Televant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going
concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core fi?nding or are of a general
natL￿e is Tecognised when the charity has entitlement to the income. it is probable that the income will be
received and the amount can be measured with sufficient reliability.
Donatious legacies
Donations and legacies are reCO￿lSed on a receivable basis when receipt Is probable and the amount can be
reliably measured.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be meagured Teliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with central staff
costs allocated on the basis of time spent, and depreciation charge5 allocated on the portion of the asset's use.
Other support costs are allocated based on tbe spread of staff costs.
Charitable activities
ChaTitable expenditure comprises those costs incutTed by the charity in the delivery of its activities and services
for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an
indirect nature necessary to support them.
Support costs
Support Costs include central functions and have been allocated to activity cost categories on a basis consistent
with the use of resources. for example, allocating property costs by floor areas, OT per capita, staff costs by the
time spent and other costs by their usage.
Page 13

Glenabbey Church
Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)
Governance cost5
These include the costs attributable to the charity's compliance with constitutional and stattLtory requirernents,
including audit, strategic management and trustees meets'ngs and Teimbursed expenses.
Taxation
The charity is considered to pass the tests sel out in P&ragrapb I Schedule 6 of the Finance Act 2010 and
tberefore it nieets the defmilion of a charitable company for UK corporation tax purposes. Accordingly, the
charity is potentially exenipt from taxation in respect of income or capital gains received within categories
covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such incorne or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual f￿ed assets cosling £1,000 OT more are initially recorded at cost.
Depreciation 2nd amortisation
DepTeciation is provided on tangible fixed assets so as to write off the cost or valuation, less any ests'mated
residual value, over their expected useful ecolloinic life as follows..
Asset class
Land and buildings
Furniture and equipment
Computer equipment
Plant and machinery
Depreciation method and rate
20/0 Straight line
25U/o Reducing balance
33010 Reducing balance
25 1 Reducing balance
Trade debtors
Trade debtors are amounts due from customers for meTehandise sold or services performed in th¢ ordinary
course of business.
Trade debtors are recognised initially at the transaction price. They are Subsequently measured &t amortised cost
using the effective interest inethod, less provision for impainnent. A provision for the in]paim]ent of is
established when there is objective evidence that the will not be able lo collect all amounts due accorth'ng to the
original terms of the receivables.
Cash and cash equivAlents
Cash and cash equivalcnts Cotnprise cash on hand and call deposits, and other short-tenn highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Trade ¢reditor5
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the does not have an
unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve
months after the reporting dale. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, tliey are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price subsequently rneasured at amortised cost
using the effective interest method.
Page 14

Glellabbey Church
Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction cosls. Interest-bearing
borrowings are subsequently carried al amortised cost, with the difference between the proceeds, net of
transaction costs, and the amount due on redemption being reCO￿lSed as a chaTg¢ to the Siatement of Financial
Activities over the period of the relevant borrowing.
Interest expense is recognised on the basTS of the effective interest method and is included in interest payable
and similar ¢harges.
Borrowings are classifjed as current liabilities unless the charity has an unconditional right to defer settlement of
the liability for at least twelve rnonlhs after the Teporting date.
Fund structure
Unrestricted incorne funds are general ￿ndS that are available for use at the trustees discretion in ￿rtheranee of
the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which
is restricted to that area or purpose.
2 Income from donations and legacies
Unrestricted
funds
General
Restricted
funds
Total
funds
Donations and legacies.
Gift aid reclaimed
Regular giving and capital donations
84,300
461,713
16,431
94,030
100,731
555,743
Total for 2023
546,013
110,461
656,474
Total for 2022
520,489
116,716
637,205
3 Income from eharitable activities
Unrestricted
funds
General
Restricted
funds
Total
funds
Overseas missions
Children, Youtb and Young Adult activities
Community
972
21,508
972
21,508
3.670
3,670
Total for 2023
3,670
22,480
26,150
Total for 2022
1,618
44,274
45,892
Page 15

Glenabbey Church
INotes to the Financial Statements for the Year Ended 30 June 2023 (continued)
4 Investjnent income
Unrestricted
funds
General
Restricted
funds
Total
funds
Interest receivable and similar income.
nterest receivable on bank deposits
1,713
1.713
Total for 2023
1,713
1,713
Total for 2022
236
15
251
5 Other income
Unrestricted
funds
General
Total
fund5
Music income & charity's use of assets
1,278
1,278
Total for 2023
1,278
1,278
Total for 2022
2,790
2,790
Page 16

Glenabbey Church
Notes to the Fillancial Statements for the Year Ended 30 June 2023 (continued)
6 Expenditure on charitable activities
Unrestricted
funds
General
Restricted
fuDd5
Total
2023
Iyote
Overseas missions
Bamabas Fund
Children, Youih and Young Adult
activities
Pastoral
Community
Depreciatio￿ amortisation and other
similar costs
Staff costs
Allocafrd support costs
Governance costs
39,040
9.485
8,850
48,525
8.850
26,096
27,754
34,378
21,508
47,604
27,754
34,378
31.739
336,216
85,784
3,000
31,739
336,216
94,338
3,000
8,554
584,007
48.397
632,404
Unrestricted
funds
General
Restricted
funds
Total
2022
Note
Overseas missions
Bamabas Fund
Children, Youth and Young Adult
activities
Pastoral
Community
Depreciation, amortisation and other
similar costs
Staff costs
Allocated support costs
Governance costs
38,130
49,935
5,280
88,065
5.280
17,263
12,154
31,044
4,480
21,743
12,154
31,044
34,324
312,289
58,764
3.000
34,324
312,289
72.674
3.000
13.910
506,968
73,605
580,573
Page 17

Glenabbey Church
Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)
7 Analysis of governance and support cost5
Charitable Aetivities expenditure
Unrestricted
funds
General
Restricted
luud5
Total
2023
Basis of allocation
Utilities
Insurances
Site n￿IntenanCe
38,543
5,577
6,270
4,050
5.018
174
38,543
5,577
6,270
4,050
5,018
174
8,455
13,627
5,292
7,332
Communications
Expenses and travel
Traiiiing
Bank inteTest
IT, Stationery and postage
Bank charges
Tea. coffee and hospitality
8,455
13,627
5,193
7,332
99
85,784
8,554
94,338
Unrestricted
fund5
Generpll
Restricted
funds
Total
2022
Basi5 of allocation
Utilities
Insurances
Site maintenance
Communications
Expenses and travel
Training
Bank interest
IT, Stationery and postage
Bank charges
Tea, coffee and hospitality
21,867
5,068
5,227
2,939
7,042
1.576
21,867
5,068
5,227
2,939
7,042
1,576
13,901
11.758
1.155
2,141
13,901
11.758
1.146
2,141
58,764
13,910
72,674
Basi5 of allocatio
Reference
Method of allocation
Usage
Page 18

Glenabbey Church
Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)
Governance costs
Unrestrieted
funds
General
Total
2023
Audit fees
Audit of the financial staternents
3,000
3,000
3,000
3,000
Unrestrieted
funds
General
Total
2022
Audit fees
Audit of the financial statements
3.000
3,000
3,000
3.000
Page 19

Glenabbey Church
Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)
8 Net ineomingloutgDing re50urce5
Net incoming resources for the year include..
2023
2022
Audit fees
Depreciation of r￿ed assets
3,000
31.739
3,ODO
34,324
9 Trustee5 remuneration and expenses
No trnstees, nor any peTSOnS connected with them, have received any remuneration from the charity during the
year.
10 Staff costs
The aggregate payroll costs were as follows..
2023
2022
Staff costs during the year were:
W&ges and salaries
Social security costs
314,619
21,597
292,584
19,705
336,216
312,289
The monthly average number of persons (including senior managernent I leadership team) employed by the
charity during tbe year expressed as full time equivalents was as follows..
2023
No
2022
Tr40
Management
Service provision
13
15
13
Contributions to the employee pension scherne5 for the year totalled £17,032 (2022 _ £15,530).
No etnployee received emoluments of more than £60,000 during the year.
Page 20

Glenabbey Church
Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
12 Tangible fllxed a$set5
Land and
buiIdings
Fllrniture and
equipment
Computer
equipment
Plant and
machinery
Total
Cost
At l July 2022
Additions
I.LOl,200
72,160
41,459
1,999
152,000
1,080
1,366.819
3,079
At 30 June 2023
1,101,200
72.160
43,458
153,080
1,369,898
Depreciation
At l July 2022
Charge for the year
110.120
22,024
61,215
2,736
37,161
2,078
132,398
4,901
340,894
31,739
At 30 June 2023
132,144
63,951
39,239
137,299
372,633
Net book value
At 30 June 2023
969,056
8,209
4,219
15,781
997,265
At 30 June 2022
991,080
10.945
4,298
19,602
1.025,925
Revaluation
The fair value of the company's Land and buildings was revalued on 17 Febniary 2020 by Tdk Commercial
Propety Consultants . an independent valuer.
HrAd this class of asset been measured on a historical cost basis, Ibeir carrying arnounl would have been
£2.133,69) (2022 - £2,177.238).
13 Debtors
2023
2022
Trade debtors
104,267
3,548
53,748
3,346
Prepawients
107,815
57,094
Page 21

Glenabbey Church
Notes to the Financial Statement5 for the Year Ended 30 June 2023 (continued)
14 Cash and cash equivalents
2023
2022
Cash on haThd
Cash at bank
254
401,314
735
393,766
401,568
394,501
15 Creditors: amounts falling due within one yeAr
2023
2022
Bank loans
Other creditors
Accruals
22,847
17,275
9,182
22,847
10,541
17,152
49,304
50,540
Creditors due within one year includes the following liabilities, on which security has been given by the charity..
2023
2022
Danske Bank
22,847
22,847
16 Creditors: amounts falling due after one year
2023
2022
Bank loans
146,978
169,825
Creditor8 amounts falling due after more than one year includes the following liabilities, on which security has
been given by ihe charity..
2023
2022
Danske Bank
146,978
169,825
Mortgage on property at 6 Ballycraigy Road, Newtownabbey, Co Antrim. BT36 5ZZ
Page 22

Glenabbey Church
Notes to the Financial Statements for the Year Ended 30 June 2023 (continued)
17 Funds
Balance at i
July 2022
Incoming
resources
Resourtes
expended
Balance at 30
June 2023
Unrestricted funds
General
General
(1,452,585)
(552,674)
584,007
(1,421,252)
Restricted funds
Building Togetber (Cbiirch
Building Fund}
Overseas Mission support
Home support
Children, Youth and Young
Adult activities
228,434
10,140
{43,144)
(97.241)
(972)
(13,220)
8,554
9,485
8,850
139,747
18,653
(47,514)
(21,508)
21,508
Total restricted funds
195.430
(132,941)
48,397
110,886
Total funds
(1.257.155)
(685,615}
632,404
(1.310,366)
Balance at I
July 2021
Incoming
resources
Resources
expended
Balance at 30
June 2022
Unrestricted funds
General
General
(1.434,420)
(525.133)
506,968
(1,452,585)
Restricted
Building Together (Church
Building Fund)
Overseas Mission support
Home support
Children, Youth and Young
Adult activities
320,974
(106.450)
(39,795)
(10,280)
13,910
49,935
5,280
228,434
10,140
(43.144)
{38,144)
(4.480)
4.480
Total restricted funds
282,830
(161,005)
73,605
195,430
Total funds
(1,151.590)
(686,138)
580,573
(1,257,155)
Page 23

Glenabbey Church
Notes to the Financial Statements for the Year Ended 30 June 2023 (eoThtinued)
18 Analysis of net assets behveen funds
Unrestricted
funds
General
Total fund5 at
30 June
2023
Restrieted
funds
Tangible fixed assets
Current assets
Current liabilities
Crethtors over l year
997,265
448,162
(24,175)
997,265
509,383
(49,304)
(146,978)
61,221
(25,129)
(146,978)
Total net assets
1.421,252
(110.886)
1,310,366
19 Related party transactions
During the year the chaTity made the following Telated party transactions..
Garth Mccartney
(The Trustee is a partner in Synergy Construction (Nl) LLP.)
A payment of £1,100 wxs made to Synergy Construction LLP for construction services provided. At the balance
sheet date the amount due tolfrom Garth Mccartuey was £Nil (2022 - £Nil).
Page 24