Presbyter
an
SAINTFIELD ROAD PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
STATEMENT OF FINANCIAL ACTIVITY
for the year ended 31 December 2022
Income from:
Donations and grants
Investments
185,505
1,365
58,949
796
244,454
2,161
238,471
2,081
Total
186,870
59,745
246,615
240,552
Expenditure on:
Charitable activities
Other
156,312
14,003
46,609
63,448
202,921
77,451
190,595
76,365
Total
170,315
110,057
280,372
266,960
Net gains/l105ses1 on
investments
{8,761)
(8,7611
12,152
Net Income /{expenditure)
16,555
(50,312) (8,761) (42,518) 114,256)
Net movement in funds
16,555
(50,312) (8,761) 142,518) 114,256)
Reconciliation of funds:
Total funds brought forward
93,512
3,435,191 106,577 3,635,280 3,649,536
Total funds carried forward
110,067 3,384,879 97,816 3,592,762 3,635,280
13

Presbyter
an
SAINTFIELD ROAD PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
BALANCE SHEET
As at 31 December 2022
2022
2021
Fixed assets:
Tangible assets
3,376,277
3,436,365
Investments
97,816
106,577
Total fixed assets
3,474,093
3,542,942
Current assets
Debtors
41,408
45,628
Cash at bank
10
85,329
53,565
Total current assets
126,737
99,193
Liabilities:
Creditors: Amounts falling due within one year
11
(8,068)
{6,855)
Net current assets
118,669
92,338
Total assets less current liabilities
3,592,762
3,635,280
Net assets
3,592,762
3,635,280
14

Presbyter
an
SAINTFIELD ROAD pREsB￿ER1AN CHURCH
a Congregation of The Presbyterlan Church In Ireland
BAIANCE SHEET (cont'dl
As at 31 December 2022
2022
2021
Funds of the charity
Endowment funds
12
97,816
•.*.,..106,577
Restricted income funds
12
3,384,879
3,435,191
¥... Unrestricted funds
12-
110,067
93,512
Total charity funds
3,592,762
3,635,280
The financial statements have been prepared in accordance with the provisions under
Section IA of FRS102-"The Financial Reporting Standard applicable in the UK and Republic
of Ireland"
x¢z3
Ross Withers ACA (Treasurer)
Date
15

Presbyter
an
SAINTFIELD ROAD PRESBYTERIAN CHURCH
, a Congregatlon of The Presbyterlan Church In Ireland
i;: They have been approved by the Kirk Session at a meeting on 20 April 2023 and signed on
th
, its behalf on 25 June 2023 by
Rev Ben Walker (Minister)
?1 Dr. Alistair Mccracken (Clerk of Session)
16

Presbyter
an
SAINTFIELD ROAD PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS -
31 December 2022
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
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 accordance with the Financial Reporting Standard applicable in the UK and
Ireland {effective l January 2019) and section IA of FRS 102
The financial statements have been prepared under the historical cost convention except
for investment assets, which are shown at market value. The financial statements include all
transactions, assets and liabilities for which the congregation is responsible in law. They do
not include the account5 of church groups that owe their affiliation to another body, nor
those that are informal gatherings of church members.
The church meets the definition of a public benefit entity as defined in section 34 of FRSIO2.
In the opinion of the Trustees, there are no significant judgements, assumptions or
estimates included in the financial statements, other than those described in the accounting
policies below.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or at
the congregation's discretion. The income derived from the endowments is to be used
either as restricted or unrestricted income funds depending upon the purpose for which the
endowment wa5 established in the first place.
Restricted funds comprise (a) income from endowments which is to be expended only on
the restricted purposes intended by the donor and (bl revenue donations or grant5 for a
specific congregational activity intended by the donor. Where these funds have unspent
balances, interest on their pooled investment is apportioned to the individual fund5 on an
average balance basis.
17

Presbyter
an
SAINTFIELD ROAD PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31 December 2022
ACCOUNTING POLICIES (cont'd)
Unrestricted funds are income funds which are to be spent on the congregation's general
purposes. Designated funds are general funds set aside by the Trustees and Congregational
Committee for use in the future.
INCOMING RESOURCES
(i)
Recognition of incoming resources
These are included in the Statement of Financial Activities (SOFA) when:
the congregation becomes entitled to the resources.
it is probable that the funds will be received; and
the monetary value can be measured with sufficient reliably.
(li) Incoming resources with related expenditure
Where incoming resources have related expenditure (as with insurance proceeds) the
incoming resources and related expenditure are reported gross in the SOFA.
(iii) Grants and donations
Grants and donations are only included in the SOFA when the congregation ha5
unconditional entitlement to the resources.
(iv) Tax reclaims on donations and gifts
Incoming resources from tax reclaims are included in the SOFA in the same period as the gift
to which they relate.
{v) Contractual income and performance related grants
This is only included in the SOFA once the related goods or services have been delivered and
all performance conditions met.
18

an
SAINTFIELD ROAD PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31 December 2022
ACCOUNTING POLICIES {cont'd)
(vi) Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised. Gifts in kind for sale or distribution are included in the accounts as
gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are
included in the SOFA as incoming resources when receivable.
(vii) Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources
expended) where the benefit to the charity is reasonably quantifiable, measurable and
material. The value placed on these resources is the estimated value to the charity of the
service or facility received.
{viii) Investment income
This is included in the accounts in the period to which it relates.
(ix) Investment gains and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
(i) Liability recognition
Liabilities are recognised as soon as there 15 a legal or constructive obligation committing
the congregation to pay out resources.
(li) Governance costs
These are shown within charitable activitie5 and include the costs of preparation and
examination of accounts, the c05t5 of trustee meetings and cost of any legal advice to
trustees on governance or constitutional matters.
19

Presbyter
an
SAINTFIELD ROAD PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31 December 2022
ACCOUNTING POLICIES (cont'd)
(iii) Grants with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SOFA once the
recipient of the grant has provided the specified service or output.
(iv) Grants payable without performance conditions
These are only recogni5ed in the accounts when a commitment has been made and there
are no conditions to be met relating to the grant which remain in the control of the charity.
(v) Support costs
Support costs include central functions and have been allocated to activity C05t categories
on a basis consistent with the use of resources, e.g. allocating property costs by floor areas,
or per capita, staff costs by the time spent and other costs by their usage.
ASSETS
(i) Tangible Fixed Assets
Tangible fixed assets for use by the charity are capitalised if they can be used for more than
one year, and cost at least £2,500. They are valued at cost or, if gifted, at the value to the
charity on receipt.
Depreciation is recorded on all tangible fixed asset5 Other than freehold land, at rates
calculated to write of the cost, less estimated residual value, of each asset over its expected
useful life as follows
Buildings:
Fixtures, fittings and equipment:
over 100 years
between 5 and 20 years
20

Presbyter
an
SAINTFIELD ROAD PRESBYfERIAN CHURCH
Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31 December 2022
ACCOUNTING POLICIES {cont'd)
(li) Investments
Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees, best estimate of market value.
DONATIONS AND LEGACIES
Donations and gifts
Gift aid
Grants
Loose collections
Misc. income
146,409
28,856
3,437
923
5.880
51,151
7,798
197,560 193,150
36,654
38,650
3,437
5,063
923
600
5,880
1,008
185,505
58,949
244,454 238,471
21

an
SAINTFIELD ROAD PRESBITERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont:d)
31 December 2022
CHARITABLE ACTIVITIES
li li
General Assembly assessments
Presbytery fees
Ministry and support staff costs
Congregational running
expenses
Donations to missions and
cha rities
Governance costs
15,749
1,381
111.667
25,305
15,749
1,381
111,667
25,305
15,405
1,286
106,550
23,993
46,609
46,609
2,210
41,435
2,016
2,210
156,312
46,609
202,921
190,595
Fees payable to the church's independent examiner were £2,20012021 £2,100). The independent
examiners also provided payroll processing at a c05t of £1,32812021 £5001.
OTHER EXPENDITURE
Depreciation
Property expense5
Other costs
63,448
63,448
62,489
2,911
10,965
14,003
14,003
14,003
63,488
77,451
76,365
22

Presbyter
an
SAINTFIELD ROAD PRESBITERIAN CHURCH
Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS {cont'd)
31 December 2022
EMPLOYEES
Employment Costs
2022
2021
Stipend and Salaries
87,747 83,252
Social Security Costs
5,027
4,668
Pension contributions
12,211 11,938
104,985
99,858
Number of Employees
The Minister is an office holder and not an employee. He receives a stipend from the
Presbyterian Church but this, and a550ciated costs including pension, are reimbursed by the
conEre8ation. For the purposes of these accounts, the stipend of the minister is included in
employee costs. The average number of employees during the year, including the minister
of the congregation, was
2022
2021
Average number of employees
There were no employees in receipt of employee benefits in exce55 of £60,000 (2021: none)
23

an
SAINTFIELD ROAD PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS {cont'd)
31 December 2022
Two trustees were in receipt of remuneration, including a stipend, during the current year
12021: 2) in relation to their engagement as minister and employment as director of youth
ministries respectively. The total of such remuneration during the year, excluding pension
and social security costs, were as follows:
2022
2021
Ben Walker {Minister}
Johnny Bell (Director of Youth Ministries)
37,233
36,414
30,054 27,899
67,287
64,313
No trustees received remuneration in their role as trustee (2021: none).
The above trustees also received expenses reimbursed during the year as follows:
2022
2021
Ben Walker (Minister)
Johnny Bell (Director of Youth Ministries)
6.382
1,317
6,242
1,454
7,699
7,696
These expen5e5 were in relation to their respective role as minister and employee of the
church. No trustees received reimbursement of expenses in their role as trustee12021:
none).
PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension
Scheme {20091. This is a scheme operated by the Presbyterian Church in Ireland, a separate
24

an
SAINTFIELD ROAD pREsB￿ER1AN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31 December 2022
registered charity. The congregation pays an assessment to the Presbyterian Church in
Ireland equivalent to the employer's pension contribution for the Scheme and based on the
Stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme {2009} is a
funded Scheme of the defined benefit type, providing defined benefits based on career
average re-valued salary. The Scheme has assets held in a separately administered fund
managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have
agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and
future obligations. The Presbyterian Church has agreed to contributions of 24°A of
pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of
insuring death in service benefits and funding the scheme deficit.
As it is not possible to separately identify the assets and liabilities of the scheme that relate
to Saintfield Road Presbyterian Church, the scheme has been accounted for as a defined
contribution scheme, in accordance with the provisions of section 29 of FRS 102.
The contributions made by the congregation toward5 the pension of the Minister during the
year were
2022
2021
Contributions
8,936
8,739
Two employees of the church are enrolled with the National Employment Savings Trust, an
occupational pension scheme, and the congregation makes a contribution towards their
pensions. The congregation also contributes to a private pension scheme for one of its
employees. The pension charge represents the contributions paid during the year.
2022
2021
Contributions
3,275
3,199
There were no contributions out5tanding12021.. £nill to either scheme at the year end.
25

an
SAINTFIELD ROAD PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31 December 2021
TANGIBLE FIXED ASSETS
Cost or valuation
At l January 2022
Additions
3,641,572
3,360
167,490
3,809,062
3,360
At 31 December 2022
3,644,932
167,490
3,812,422
Depreciation
At l January 2022
Charge for year
270,692
36,416
102,005
27,032
372,697
63,488
At 31 December 2022
307.108
129,037
436,145
Net Book Value
At 31 December 2022
3,337,824
38,453
3,376,277
At 31 December 2021
3,370,880
65,485
3,436,365
INVESTMENTS
2022
2021
Value at l January 2022
Gain/(Lo551 on revaluation
106,577
(8,761)
94,425
12,152
Value at 31 December 2022
97,816
106,577
The investments are held, and managed, on behalf of the congregation in the General
Investment Fund of the Presbyterian Church in Ireland.
26

Presbyter
an
5AINTFIELD ROAD PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31 December 2022
DEBTORS
2022
2021
37,597 39,164
3,811
6,464
Gift Aid Recoverable
Prepayments
41,408 45,628
10. CASH AT BANK AND IN HAND
2022
85,329
2021
53,565
Cash at bank
85,329
53,565
11. CREDITORS: amount falling due within one year
2022
8,068
2021
6,855
Accruals
8,068
6,855
27

an
SAINTFIELD ROAD PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31 December 2022
12. FUND BALANCES AND RECONCILIATION OF FUNDS
Balance
atljan
2022
Balance
at 31 Dec
2022
Fund
Income
Expenditure
Gains/losses Transfer
Unrestricted
funds
General fund
93,512
93,512
186,870
186,870
1170,3151
1170,315)
110,067
110,067
Restricted
funds
Property
reserves fund
Support fund
3,393,216
37,529
{63,448}
146,087)
3,360
13,3601
3,333,128
46,643
58,561
Other funds
4,446
1,184
3,435,191 59,745
(5221
(110,057)
5,108
3,384,879
Endowment
and investment
funds
Funds
106,577
106,577
(8,761)
{8,761)
97.816
97,816
Total funds
3,635,280 246,615
(280,372)
{8,761)
3,592,762
28

an
SAINTFIELD ROAD PRESBYtERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31 December 2022
Tangible Fixed Assets
Investments
Current Assets
Creditors.. Due within one year
3,376,277
3,376,277
97,816
126,737
(8.068)
97,816
113,802
13,735)
12,935
(4,3331
110,067 3,384,879
97,816 3,392,762
Unrestricted funds
These funds are available for the continuation of the church's activities, without restriction.
Restricted funds
Property reserves
These funds arose on the donation of the church as a gift to the congregation, and on
subsequent revaluation on transition to FRSIO2.
Supportfund
These are funds available for use in the areas of major property maintenance, capital
expenditure and mission and outreach activities.
Otherfunds
These are small restricted funds belonging to variou5 church organisations.
Endowment funds
These are funds arising from endowment investments and managed, on the church's behalf,
by the Presbyterian Church in Ireland.
29

an
SAINTFIELD ROAD PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS {cont'd) .
31 December 2022
13.
RELATED PARTY TRANSAcfioNS
During the year the congregation contributed the following amounts to Funds of the
General Assembly of the Presbyterian Church in Ireland, a separate charity:
£15,74912021: £15,405) for congregational assessments
£12,000 (2021: £12,500) towards the PCI United Appeal
£2,89312021: £3,154) towards the PCI World Development Appeal
The congregation contributed £1,381 (2021: £1,286) towards Presbytery Assessments
during the year.
The total amount of donations received in year from Trustees without conditions attached
to them were £34,423 (2021; £32,743).
14.
COMMITMENTS
In 2017, the church committed to support the work of a member and his family overseas.
The church decided to continue this for a further period to the end of December 2027.
30