Glengormley Presbyterian Church Financial Statements for the year ended 31 December 2021 Charity Nos: XN47210 NI Charity Commission Registration No: 104317
Glengormley Presbyterian Church Contents Page Contents Independent Examiners, report Statement of Congregational Committee Statement of Financial Activities Balance sheet Notes to the financial statements 7-10 The followlng pages do not form part of the Financlal Statements Detailed Ststernent of Financial Activities 11-18 Page 1
Glengormley Presbyterian Church Independent Examiner's Report to the Congregational Cornmittee of Glengormley Presbyterian Church Congregation We port on the accounts of the charity for the year ended 31 December 2021 which are set out on pages 4 to 10. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustee5 are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 65(1) of the Charities Act (Northern Ireland) 2008 and that an independent examination 15 Having satisfied ourselves that the charity is not subject to audit under charity law, and 15 eligible for independent examination, it is our responsibility to.. (i) examine the accounts under section 65 of the Charities Act; follow the procedures laid down in the general Directions given by the (li) Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act- (iii) to state whether particular matters have come to our attention. BASIS OF INDEPENDENT EXAMINER'S REPORT Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters Set out in the statement below. We have examined your charity accounts as required under section 65 of the Charities Act and our exami nation was carried out in accordance with the general Dirertions given by the Charity Commission for Northern Ireland under sertion 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presents with those records. It also included a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. Pap2
Glengormley Presbyterian Church Independent Examiner's Report to the Congregational Committee of Glengormley Presbyterian Church Congregation Our role is to state whether any material matters have come to our attention giving us cause to believe: That accounting records were not kept in accordance with section 63 of the Charities Act (Northern Ireland) 2008. That the accounts do not accord with those accounting records; 3 That the accounts do not comply with the accounting requirements of section 68 of the Charities Act (Northern Ireland) 2008 and with the methods and principles of the Charitie5 Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. 4 That there is further information needed for a proper understanding of the accounts to be reached. INDEPENDENT EXAMINER'S STATEMENT We can confirm that we are qualified to undertake the examination because we are registered member of Chartered Accountants Ireland, which is one of the listed bodies. We have completed our examination and have no concems in respect of the matters (l ) to (4) listed above and. in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. Lowry Gra FCCA PKF-FPM Accountants Ltd Independent Examiners Unit I, Building 10 Central Park Mallusk Co Antrim BT36 4FS Date: Page 3
Glengormley Presbyterian Church Statement of Congregational Committee's responsibilities for the Financial Statements The purpose of this statement is to distinguish the Congregational Committee's responsibilities for the accounts from those of the independent examiners as stated in their report. The Code permits the Congregational Committee to ppa accounts for each financial year which give a true and fair view of the congregation's financial activities during the year and of its financial position at the end of the year. In preparing the financial statements the congregational committee should follow best practice and: select suitable accounting policies and apply them consistently. make judgements and estimates that are reasonable and prudent,. follow the recommendations of the accounting professional with regard to the form and content of the financial statements, or to disclose and explain any departures therefrom- and prepare financial Statements on the going concem basis, unless it is inappropriate to assume that the congregation will be able to continue to meet its obligations. The congregational committee are responsible for keeping proper accounting records of all the congregational transactions which disclose with reasonable accuracy the financial position of the congregation and which enable them to ensure that the financial statements comply with the disclosure regulations. They are also responsible for safeguarding the congregational assets, and hence for taking reasonable step5 for the prevention and detection of fraud, error and other irregularities. Mervyn Whittle Trustee Signed on behalf of Kirk Session. Kenneth McKinstry Trustee Signed on behalf of Klrk Session. 22 Date Da PagE 4
Glengomiley Presbyterian Church Statement of Financial Actlvlties (incorporating the Income and Expendlture Account) for the year ended 31 December 2021 2021 Total 2020 Total Unrestricted Restrlcted Endowment Note5 Income from: Donation5 and Legacies Reqular Direct Givinq Donations other Trading Attivities Investment Income Other Income Sources 125.721 788 685 60,873 10,000 186,594 10,788 685 253 175,617 1,000 879 226 251 981 40 Total Income 117,236 72.105 199,341 183.721 Expenditure on: Charitable Activities Central Church Assessrnent5 Ministerf5 Stipend and Cost5 Ministry and Support staff Worship and Fellowship Discipleship and Ministry Mission and Outreach Govemance Property and Equipment United Appeal Grants to Mlsslons and Charities 21.780 47,672 14.258 1.582 375 281 3,340 18.992 21.780 47,672 14.258 1,582 375 5.774 3.340 42,788 It,054 19,466 25.617 17,515 2,921 910 6,351 5,115 43.890 12,313 5.493 23.796 11.054 Total Expenditure 108.295 57.036 165,331 150.481 Net Income for the Year 18,941 15.069 34,010 33.240 Transfers 6.351 16.351) et movement In Funds 25.292 8.718 34.010 33.240 Reconciliation of Funds Fund Balance5 Brought Forward 192.281 132.666 5,000 329.947 296.707 Fund Balances Carried Forward 6-8 217 573 141 384 363 957 329 947 All income deVe5 trom continuing 3ctivltles, therefore no ststement of recognised gains or losses Is qiven. The notes on pèges 7 to 10 form an integral part of th¢se financial statements. Paps
Glengormley Presbyterian Church Balance Sheet as at 31 December 2021 Notes 2021 2020 Fixed assets Tangible Fixed Assets 182,044 190,843 Current assets Debtors Cash at bank & in hand 27,549 154 614 182,163 20.858 118 446 139,304 Current Liabllitles Creditors 250 200 Net Current Assets 181,913 L39,L04 Net Assets 363 957 329 947 Fund$ Restricted Funds 141,384 132,666 Endowment Funds 5,000 5,000 Unrestricted Funds 217 573 192 281 363 957 329 947 For the year ended 31 December 2021 the charity was entitled to exemption from audit under section 65 of the Chèrities Act (Northern Ireland) 2008. Trustees, responsibilities.. The members have not required the charity to obtaln an audit of its accounts for the year in question in accordance with section 65,. and The trustees acknowledge their responsibilitie5 for complying with the reoulrements of the Act with respect to accountlng records and the preparation of accounts. These financial staternents were approved by the members of the Kirk Session and are signed on their behalf by.. Z2 Mervyn Whittle Trustee Date IL ennet Trustee Ins Da The notes on pages 7 to 10 form an integral part of these financial statements. Page 6
Glengormley Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2021 l. Accounting Pollcles a) Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice app15cable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019) and the (Charities SORP {FRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. Glengormley Presbyterlan Church meets the definition of a public benefit entity under FRS 102. Assets and Ilablllties are initially recognised at historical cost or transaction value unless otherwise stated in the levant accounting policy notes. b) Preparation of the account5 on a going concern basis Glengornley Presbyterian Church has prepared the accounts on a going concern basis. The balance sheet is strong with strong continued support by the members. c) Income Income is recogniseé when the charity has entitlement to the fund5, conditions attached to the item{s} of income have been met, it is probable that the income will be received and the amount can be measured rellably. Income from government and other grants, whether 'capital' grant5 or 'revenue' grants, is recognised when the charity has entitlernent to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measLJred rellably and is not deferred. d) Donated service5 and faclllties In accordance with the Charities SORP {FFIS 1021, the general volunteer time of the Charity's volunteer5 is not recognised financially in the Ststement of Financial Activities but their valuable contribution is acknowledged in the Trustees, Report. e) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity- this is normally upon notification of the interest paid or payable by the Bank. f) Fund Accounting Unrestrlcted fvnds are available for use at the discretion of the Congregational Committee in furtherance of the objectives of the char(ty. Designated funds comprise unrestricted funds that have been set aside by the Congregational Committee for particular purposes. General funds may be transferred to designated funds where the Congregational Committee vvish to use these funds for a specific purpose. Such funds may be transferred back to general funds once the criterla for the designation have been met or are no longer applicable. Restritted funds are subjetted to restrictions on their expenditure imposed by the donor or through the term5 of the appeal. g) Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or cgnstructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Page 7
Glengormley Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2021 l. Accountlng Policie5 Ctd... g) Expenditure and irrecoverable VAT rtd... Expenditure is classified under the following activity heading5: Expenditure on charitable activities includes the costs of central church assessments, ministry and support staff, core team and organisations expenditure. church runnlng costs and administration, donation5 and other support services to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into any other heading. The church Is not registered for VAT purposes, theFOre irrecoverable VAT is charged to the Statement of Financial Activities, or capitalised as part of the cost of the related asset, where appropriate. h) Allocation of support costs Support costs are those functions that as51St the v¥ork of the charlty but do not dlrectly undertake charitable activities. Support Costs Include back office costs, finance, hLJman resources, payroll and governance costs which support the charity's activities. These costs have been allocated against the expenditure on charitable activities. l) Operating lease5 The church has no operating leases. j) Tangible fixed a55ets and depreclatlon Depreciation 15 provided at rates Calculated to wrlte off the cost less residual value of each asset over its expected useful life, as follows.. Church and Halls 2Vo Straight Line Manse 2Wp Straight Line Computer Equipment 25V/o Straight Line Fixtures & Fittings IO% Straight Line k) Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or le55 from the date of acquisition or opening of the deposit or similar account. l) Taxation The church is a regIsted charity and the charltable tax exemptions are therefore being claimed to the extent that income andlor gains are applicable and applied to charitable purposes only. These exemptions will remain in place as long as income and expenditure is applied to charitable purpose5 only. m) Critical accounting estirnates and judgernents In the application of the Charity's accounting policies, the Trustees are required to make judgements, estlmates and a55umptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumption5 are based on historical experience and other factor5 that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basls. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the vIsion and future periods where the revision affects both current and future periods. Page 8
Glengormley Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2021 L FIXED ASSETS Computer Audio Visual Fixture5 & Eouiprnent Fittings Church and Halls Manse Total COST At l January 2021 Additions 250,038 116,006 110,209 2,954 65,239 6,466 541,492 9,420 As at 31 December 2021 250 038 116 006 113 163 550 912 DEPRECIATION At l January 2021 Charge for the year 149,965 3,801 59,154 2,320 87,725 8,233 53,805 3,865 350,649 18.219 As at 31 December 2021 153 766 368 868 NET BOOK VALVE As at 31 December 2021 182 044 As at 31 December 2020 100 073 190 843 3. DEBTORS 2021 2020 Prepayments and Acrrued Income 27,549 20,858 4. CREDITORS 2021 2020 other Creditors 250 250 200 200 5. CONTINGENT ASSET In previous years the following contlngent asset note was leVant. The Balance Sheet does not include an Investment total for the balance of £39,506 that Glengorrnley Presbyterian Church have had to leave invested in the Presbyterian Mutual Society, due to the Society being in administration. They have received back a large amount of their investment. It has been decTrded not to recognise this balance Dn the Balance Sheet as the administrator has stated °that there is no guarantee that there will be sufficient funds to pay deferred amounts to creditors when the scheme is completed" Glengormley Presbyterian Church had been entitled then to receive any future amounts recovered in relation to the £39,506 owed to them by the Presbyterian Mutual Society. However in January 2021 they received correspondance confirrning that such an amount would not be paid as there Is insufficient funds to do so. Pago 9
Glengormley Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2021 6. RESTRIcfED FUNDS - MOVEMENTS IN THE YEAR Balance at Incoming 111121 Funds Amounts Expended Balance ot 31112121 Transfers Property Fund Mission & Charity Funds Organisational Funds 110.585 13,210 8.871 35,437 32.212 4,456 123.3851 (30,6361 13,0151 14,5271 118,110 14,786 8.488 11.824) 132 666 141 384 The property assets had been included for the first time In the balance of funds hdd at i January 2011. All property assets other than the church and halls have been included in the Property Fund. 7. UNRESTRICTED FUNDS - MOVEMENTS IN THE YEAR Balance at Incoming 111121 Funds Amounts Expended Balance at 31112/21 Transfers General Fund 192.281 127,236 1108,295) 6.351 217.573 192 281 127 236 108 295 217 573 The property assets had been Included for the first time In the balance of fund5 held at i January 2011. The church and halls have been induded in the General Fund. 8. ENDOWMENT FUNDS- MOVEMENTS IN THE YEAR Balance at Incomlno 111121 Funds Amounts Expended Balance at 31/12121 Transfers The endowment funds consist of capital funds held indeflnltely by Glengormley Presbyterian Church that it has no power to convert into income. The Church Is entiued to interest arising from any investment of the capital funds. Page 10
The following pages do not form part of the statutory financial statements which are the subject of the independent examiner's report on pages 2 and 3. Page 11
Glengormley Presbyterian Church Detalled Statement of Financial Activities for the year ended 31 December 2021 INCOME 2021 Total 2020 Total Unrestrlcted Restricted l. Regular Dlrect Giving Recorded Giving IFree Will Offering) Gift Aid / Covenant Tax Recovered Plate l Loose Collections Rec Giving5 Property Gift Aid Property Gift Aid Missions Rec Giving Missions United Appeal Special United Appeal Gift Aid Earl Haig Fund Receipts Psbyterian Children's Society Pfftsbyterian Children's Society Gift Aid World Development Acct Receipts World Development Acct Receipts Gift Aid Friday Club Tear Fund Christian Aid Friday Club Gift Aid Praise Band Praise Band Gift Aid Crew Shoebox Donatlons Special Gift Crew Gift Aid Christian Aid Gift Aid Students Bursary Students Bursary Gift Aid 102,855 22,145 721 102,855 22,145 721 20,603 4,834 4,478 18,561 3,122 272 190 1,470 115 2,232 90 60 50 898 15 2,080 760 60 485 94,333 14,443 948 28,085 4,349 3,290 18,915 1,944 325 L26 827 129 2,169 189 60 2,057 868 Is 1,020 255 60 695 500 15 20,603 4,834 4,478 18,561 3,122 272 190 1,470 115 2,232 90 60 50 898 15 2,080 760 60 485 15 85 378 20 15 85 378 20 186 594 125 721 175 617 2. Donations and Legacies Watson Bequest Kinghan Bequest Hughes Bequest 1,000 788 788 788 PauE 12
Glengormley Presbyterian Church Detailed Statement of Financial Activities for the year ended 31 December 2021 INCOME ctd... 2021 Total 2020 Total Unrestricted Restrlcted 3. Other Trading Actlvltles Church Magazines Mosaic Takings Daily Bread Christmas Quiz Weekend Away Sale of Excess Wallpaper Thompson House 315 315 413 77 120 179 30 60 255 255 115 685 115 685 879 4. Investment Income Bank and Building Society Interest Interest Sally Stranaghan Trust 251 251 251 253 218 226 5. Other Income Sources Bowls Actt - Tuesday- Recelpts Choir Acct - Receipts Parent & Todds Acct - Receipts Sunday Club / GLOW Acct- Receipts Thursday Together Acct Receipts PW Receipts - Offerings/ Gift Aid PW Receipts - Members Fees Guides Donation Use of Hall GG Integrated PS Urban Mission Trust Grant Bank Charge Refund Insurance Refund Womens Aid Thursday Morning Life Group 88 26 479 79 534 120 86 775 120 86 775 1,334 150 125 20 3,000 60 89 15 40 40 40 981 TOTAL INCOME 127 236 199 341 183 721 Page 13
Glengormley Presbyterian Church Detailed Statement of Financial Activities for the year ended 31 December 2021 EXPENDITURE 2021 Total 2020 Total Unrestricted Restricted 6. Central Church Assessments Central Ministry Fund Ministers, Pension Scheme Fund Fietired Ministers Fund Widow of Ministers Incidental Fund Prolonged Disability Fund Ministerial Developrnent Fund Sick Supply Fund Church House Repairs students Bursary Apprenticeship Levv 4,446 8,813 4,446 8,813 5,498 4,744 1,135 1,288 3,264 516 447 69 1,805 601 99 1.019 3,427 741 482 74 1.946 648 184 1,019 3,427 741 482 74 1,946 648 184 7. Minister Minister's Stipend Ministers Nl Ministerial Car AIIDwance Ministerial Duties Allowance ER NIC on Ministerial Allowances 36,720 3,849 3,745 2,497 861 36,720 3,649 3,745 2,497 861 19,768 2,021 2,D18 1,346 464 8 Other Ministry and support Staff Pulpit Supplies and Guest Speaker Salary Organist Salary Church Visitor Salary OfFice Administrator Income Tax & NI others Exps - Ministry & Support Staff Exps Church visitor Convener's Fees iio iio 658 800 7,266 1,813 2,156 1,247 2,051 7,446 1,857 2.265 806 1,774 7,446 1,857 2,265 806 1,774 9. Worship and Fellowship Worship Resources (inc5 copyright Ilcenses) Organ Supply Church Envelopes Bowls - Tuesday- Expenditure Choir - Expenditure Flower - Expenditure ThLJrsday Together - Expenditure PW - Sun(Jries - Expenditure Birthday Cards Weekend Avvay Christmas Cards Queens Island Choir Klds Packs Communion Cups Zoom Licence 862 862 857 30 537 123 22 40 134 320 505 505 15 15 314 19 150 189 186 20 20 36 36 144 144 Page 14
Glengormley Presbyterian Church Detailed Statement of Financial Activities for the year ended 31 December 2021 EXPENDITURE contlnued... 2021 Unrestricted Restricted Total 2020 Total 10. Discipleship and Ministrv Christian Education and Traning Church Magazines and Literature Parent Workshop 325 585 255 120 375 255 120 375 910 11 Mission and Outreach Mission Speakers Friday Club Expenditure Parents & Todds Expenditure Sunday Club / GLOW Expenditure Sunday Club / GLOW Materials Holiday Bible Club Expenses Sunday Club Prizes Mosaic Coffee Summer Outreach Support Thursday Together Speakers Play Resource Costs Slovenia Support Projert Romania Israel Support Shoebox Materials Shoebox Transport Romania Hospital Bags Banner Tear Fund Match Womens Ald Glfts Mosaic Supplies loo 170 353 107 136 270 298 164 30 125 65 3,260 40 500 204 375 123 31 194 125 71 194 125 71 83 83 216 227 216 227 65 65 3,360 1,000 3,360 1,000 300 92 41 300 92 41 281 12. Governance Independent examination Fees Bank Interest and Charge5 Office Exps Presbytery Fees Data Protection Registration Minister's Wife Flowers Convenor Gift Minister's Moving Costs Minister Installation Sunday Club Superintendent Gift Gift Aid Adjustment Gift to M Horner 1,200 117 971 917 35 1,200 117 971 917 35 1,200 241 793 917 35 35 400 1, 140 125 50 179 loo loo Page 15
Glengormley Presbyterian Church Detailed Statement of Financlal Activities for the year ended 31 December 2021 EXPENDITURE continued... 2021 Unrestricted Restricted Total 2020 Total 13. Utilities Elertriclty, Oil and Ga5- Church and Hall Rates and Ground Rent - Church and Hall Water rates church and hall Telephone and Internet Church and Hall Rates and Ground Rent - Manse Manse Electricity Manse Oil 4,363 50 306 1,203 1,151 4,363 50 306 1.203 1,151 5,088 50 310 1,074 920 122 224 7,788 7,073 7.073 14 Property and Equipment Cleaning TV LScence Garden Services Repairs to Church & Halls Key Cutting Lighting Repair Manse Plumbing/Heating Repairs Signage Manse Electrical Fire Equipment Maintenance Computer Programmes Praise Band Equipment Vacuum Cleaner CTh Repair Building Control Cleaning Equipment Manse Fencing Manse Repairs Manse Painting Manse Exterior Manse Interior Manse Alarm Visors & Masks Security Chain Mosaic Pillars Manse Bathroom & Ensuite Manse Oven Manse Electric Fire Manse Loft Ladder Manse Carpet Manse Blinds Manse Boiler Servicing Manse Window Cleaning Sunday Club / GLOW Playmats Sound System TV Stand 3.826 158 3,826 158 2,963 155 L75 L,774 18 14 60 57 324 260 203 853 3.138 3,138 667 173 667 173 1,148 1,148 265 376 141 265 376 141 54 160 160 280 44 1,056 3,130 loo 684 84 48 1,988 1,988 44 32 359 399 54 1,250 235 50 20 71 990 990 55 55 72 140 332 18 72 140 332 18 Toilet Seat Page16
Glengormley Presbyterian Church Detailed Statement of Flnancial Activities for the year ended 31 December 2021 EXPENDITURE continued... 2021 Unrestricted Restrlcted Total 2020 Total 14 Property and Equipment ctd... Wall Survey Weed Killer Christmas DecoratSons 90 15 35 9,378 90 15 35 13,787 4,409 14,852 15 Insurances Church Insuran 3,709 3,709 3,539 3,539 3.709 16 Depreclatlon Depreciation Church and Hall Depreciation Manse Depreciation Equipment 3,801 3,801 2,320 3,801 2,320 11,590 17,711 2,320 12,098 3,801 18.219 17 United Appeal United Appeal 11,054 11,054 11,054 11,054 12,313 12,313 18 Other PCI Schemes Presbyterian Orphans and Childrens Society Wodd Development Appeal PW Donations to PCI Students Bursary 1,685 1.766 1,600 451 5,502 1,685 1,766 1,600 451 5,502 865 1,122 500 2,487 Page17
Glengormley Presbyterian Church Detailed Statement of Financial Activities for the year ended 31 December 2021 EXPENDITURE continued... 2021 Unrestricted Restricted Total 2020 Total 19 Other Mi55ion5 and Charities Earl Haig OMF Tear Fund Choir Donations Christian Aid Arab World Mlnbstries Air Arnbulance Nl Hospice Scripture Union Nl Prison Fellowship Barnabus Fund Revival Movement OperatSon Mobilisation European MissiDnary Fellowship Newtownabbey Church Fellowship Newtownabbey Foodbank U3A Glee Club Womens Aid Street Pastors Marie Curie Salvation Army Azheimers Society 190 8,244 104 190 8,244 104 126 8,244 2,009 50 813 loo 50 679 1,000 loo loo loo loo loo loo 200 25 903 903 loo 1,000 loo 1,000 15 loo 250 loo loo loo 11,191 115 250 loo loo loo 11,206 15 13,896 TOTAL EXPENDITURE 108,295 57.036 165,331 150,481 Page 18