St. ANDREW'S CONGREGATION of the PRESBYTERIAN CHURCH IN IRELAND
STATEMEKf OF FINANCIAL AcfiviTY
for the year ended 31 December 2023
Income and Endowments from..
Donations and legacles
Charitable activities
Other tradin8 activities
Investments
Other
128,527 $9,826
188,353 170,128
1,395
1,395
369
Total
129,922 59,826
189,748 170,497
Expendlture on:
Raising funds
Charitable activlties
Other
524
148,867 100,489
524
458
0 249,356 212,101
Total
149,391 100,489
249,880 212,559
Net gains/(Ios5es) on investments
Net Income / (expendlture)
Transfers between funds
Gains/{losses) on revaluation of
fixed assets
{19,469) {40,663)
(1,014)
1,014
0 {60,132) (42,0621
Net movement In funds
Reconciliation of funds:
Total funds brought forward
{20,483} (39,649)
0 (60,132) (42,062)
94,516 467,273
0 561,789 603,851
Total funds carrled forward
74,033 427,624
0 501,657 561,789
22

St. ANDRWS CONGREGATION ofthe PRESBYfERIAN CHURCH IN IRE￿D
BALANCE SHEET
As at 31 December 2023
Fixed assets:
Tangible assets
Heritage assets
Investments
12
861
365,052
365,913 376,233
13
Total flxed assets
861
365,052
365,913 376,233
Current assets
Debtors
14 26,725
8.125
Current Investments
Cash at bank and in hand
34,850 36,843
15
52,773
60,078
112,851 158,540
Totsi current assets
79,498
68,203
0 147,701 195,383
Llabllltles:
Creditors: Amounts falling due
within one year
16
6,326
5,631
11,957
9,827
Net current assets
73,172
62,572
135,744 185,556
Total assets less current Ilabllltles
Creditors.. Amounts falllng due after 17
more than one year
Provisions for liabillties
74,033
427,624
0 501,657 561,789
Total net assets
74,033
427,624
501,657 561,789
23

St. ANDREW'S CONGREGATION ofthe PRESBYTERIAN CHURCH IN IRELAND
BALANCE SHEET (convd)
As at 31 December 2023
Funds of the charlty
Endowment funds
Restricted income funds
Unrestricted funds
Revaluatlon reserve
18
18
0 427,624
74,033
427,624
74,033
467,273
94,516
18
Totsl charlty funds
74,033 427,624
501,657 561,789
Approved by the Kirk Session at a meetin8 on 27th February 2024 and signed on Its behalf by
Name Rev. R,S. Alcken
K. Brown
Date
27th February 2024
27th February 2024
24

St. ANDREWS CONGREGATION of the PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POUCIES
BASIS OF FINANCIAL STATEMENTS
The flnanclal statements have been prepared in accordance with Accounting and Reporting
by Charities: Statement of Recommended Practi￿ applicable to charities preparing their
accounts in accordance with Financlal Reportin8 Standard applicable in the UK and Ireland
IFRS102} {effettive l January 2015).
The financlal 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 liablllties for whlch the congregation is responsible in law. They do
not include the accounts of church 8roups that owe their afflliation to another body, nor
those that are informal gatherings of church members.
FUND ACCOUNTING
Endowment funds are funds, the capital of whlch must be retalned elther permanently or at
the congregatlon's discretion; the income derived from the endowment 15 to be used elther
as restrlcted or unrestrlcted income funds depending upon the purpose for which the
endowment wa5 e5tsblished in the first place.
Restrlcted funds comprise (a) Income from endowments which is to be expended only on
the restricted purposes intended by the donor and (b) revenue donations or grants for a
speciflc congregatlonal activity intended by the donor. Where these funds have unspent
balances, interest on their pooled investment is apportioned to the individual funds on an
average balance basis.
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 congregation for use in the
future.
25

St. ANDRWS CONGREGATION ofthe PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POUCIES(conVd)
INCOMING RESOURCES
(l) Recognltion of Incomlng resources
These are included in the Statement of Financial Activities (SOFA) when:
the congregation becomes entitled to the resources,"
the trustees are vlrtually certain they wlll recelve the resources," and
the monetary value can be measured with 5ufflclent reliably.
{11) Incomln8 resources wlth related expendlture
Where Incoming resources have related expenditure {as with fundraising income) the
incoming reSoUr￿S and related expenditure are reported gross in the SOFA.
(111) Grants and donatlons
Grants and donatlons are only Included In the SOFA when the congregation has
unconditlonal entltlement to the resources.
(Iv) Tax reclalms on donatlons and glfts
Incoming resources from tax reclalms are included In the SOFA at the same tlme as the gift
to whlch they relate.
(v) Contractual Income and performance related grants
This is only included in the SOFA once the related goods or servlces have been delivered.
(vl) Gifts In klnd
Gifts in kind are accounted for at a reasonable estimate of their value to the charlty or the
amount actually reallsed. Glfts 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 recelvable.
26

St. ANDREWS CONGREGATION of the PRESBYfERIAN CHURCH IN IREIAND
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POUCIES (conyd)
(vli) Donated services and facllitles
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 resource5 IS the estimated value to the charity of the
service or facility received.
(vlll) Voluntser help
The value of any voluntary help received Is not included in the accounts but Is descrlbed In
the trustees, annual report.
{Ix) Investment Income
Thls is included in the accounts when receivable.
(x) Investment galns and losses
This Includes any gain or Ios5 on the sale of Investments and any galn or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
{xl) Llablllty recognltlon
Llabillties are recognised as soon as there is a legal or construttive obligation committing
the congregatlon to pay out resources.
(xll) Governance costs
These are shown withln charitable actlvitles and Include the costs of preparation and
examlnatlon of accounts, the costs of trustee meetings and cost of any legal advice to
trustees on governance or constitutional matters.
(xlll) Grants wlth performance condltlons
Where the charity gives a grant with conditlons for its payment being a specific level of
service or output to be provided, such 8rants are only recognlsed In the SOFA once the
recipient of the grant has provided the specified service or output.
27

St, ANDREW'S CONGREGATION of the PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POUCIES {conVd)
(xtv) Grants payable without performance condltlons
These are only recognised in the accounts when a commitment has been made and there
are no conditions to be met relating to the 8rant which remain in the control of the charity.
ASSETS
{xv) Tanglble Flxed Assets
Tangible fixed assets for use by charlty 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 assets other than freehold land, at rates
calculated to write off the cost, less estlmated residual value, of each asset over its expected
Useful Ilfe as follow5
Bulldlngs:
Fixtures, fittlngs and equ5pment
Motor Vehicles
Computers, software and technical equlpment
over 50 years
- over 10 years
over 4 years
over 4 years
(xvl) Investments
Investments quoted on a recogni5ed stock exchange are valued at market value at the year
end. Other investment assets are included at trustees, best estimate of market value.
28

St. ANDREW'S CONGREGATION of the PRES8YfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (conyd)
31 December 2023
DONATIONS AND LEGACIES
Recorded giving:
Loose collettions
Donations and glfts
Gift Aid
Legacies and bequest
952
108,297 50,379
17,278
9,447
2,000
952
1,068
158,676 142,161
26,725
26,899
128,527 59,826
188,353 170,128
CHARITABLE AcfiviTIES
Income from charitable
activities
Fees from weddings and
funerals
Membership fees
Fundraising event5
Grants
29

St. ANDREW'S CONGREGATION of the PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (conyd)
31 December 2023
OTHER TRADING AcfiviTIES
Letting of premises
Tradlng Income
INVESTMENTS
Deposit Interest
General Investment Fund
Property Rents
Other investment income
1.395
1,395
369
1,39S
1,395
369
30

St. ANDREWS CONGREGATION of the PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2023
OTHER INCOME
Insurance claims
Other income
RAISING FUNDS
FWO envelope5
Loose Offerings
Fundraising events
524
524
458
524
524
458
31

St. ANDREWS CONGREGATION of the PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2023
8.CHARITA8LE AcfiviTIES
General Assembly Assessments
Presbytery fees
Mlnistry and support staff costs
Congregational running
expenses
Donations to Missions and
charities
Governance costs
11,694
778
65.455
52,243
11,694
778
65,455
102,804
10,815
737
60,767
80,964
50.561
18,697
49,928
68,625
58,818
148,867 100,489
249,356 212,101
9. OTHER EXPENDITURE
Investment properties expenses
32

St. ANDREWS CONGREGATION of the PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2023
10. EMPLOYEES
Employment Costs
Wages and Salaries
Social Security Costs
Pension contributions
50,635 47,332
5,930 5,169
8,890
8,266
65,455 60,767
Number of Employees
The average number of employees, including the minister of the congregatlon, durlng the
year was
Average number of employees
There were no employees in receipt of employee benefits in excess of £60,000.
33

St. ANDREW'S CONGREGATION of the PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (conyd)
31 December 2023
11. PENSION cosrs
The mlnister of a Congregation is a member of the Presbyterian Church in Ireland Pension
Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate
registered charity. The congregation pays an assessment to the Presbyterlan Church in
Ireland equivalent to the employerfs pension contribution for the Scheme and based on the
stipend pald to the min15ter. The Presbyterian Church in Ireland Pension Scheme (2009) is a
funded Scheme of the deflned beneflt type, provlding defined benefits based on career
average revalued 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 fundin8 plan to ensure the Scheme is sufficiently funded to meet current and
future obligatlons. A formal schedule of contributions was drawn up on 25 November 2015
whereby the Presbyterian Church agreed to pay from 31 December 2015 contributlons of
24% of pensionable salarles to cover the accrual of benefits for future service, expenses, the
cost of Insuring death in service benefits and funding the scheme deficit.
The contrlbutlons made by the congregation durin8 the year were
Contrlbutions
8,890
8,266
The Assistant Mlnister and the Intern were not members of a pension scheme.
Contributlon5
34

St. ANDREWS CONGREGATION of the PRESBVTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (conyd)
31 December 2023
12. TANGIBLE FIXED ASSETS
Cost or valuatlon
At start of year
Additions
Disposals
421,650
109,761
1,449
15,862 547,273
1,449
At end of year
421,650
111,210
15,862 548,722
Depreclatlon
At start of year
Provlsion for year
Disposals
49,226
7,372
105,952
4,397
15,862 171,040
11,769
At end of year
56,598
110,349
15,862 182,809
Net Book Value
At start of year
372,424
3,809
376,223
At end of year
365,052
861
365,913
13. INVESTMENTS
2023
2022
General Investment Fund
Investment Properties
35

St. ANDREWS CONGREGATION of the PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2023
13. INVESTMENTS {ConVd)
2023
2022
Value at start of year
Additions
Disposals
Impairment
Gains / (Losses on revaluation)
Value at end of year
14. DEBTORS
2023
2022
Gift Ald Recoverable
Prepayments
26,725
8,125
26,899
9,944
34,850
36,843
15. CASH AT BANKAND IN HAND
2023
2022
Danske Bank current account
Post Office current account
Danske Bank deposit account
Cash in hand
19,367
236
93,248
66,209
236
92,095
112,851 158,540
36

St. ANDREW'S CONGREGATION of the PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE AccouKfs {conVd)
31 December 2023
16. CREDITORS: Amounts falllng due wlthln one year
2023
2022
Trade Creditors
11,957 9,827
11,957 9,827
17. CREDITORS: Amounts fallln8 due after more than one year
2023
2022
St Andrews has not reached agreement with P.C.l.
on the £300,000 Ilability on the Church Buildin8
37

St. ANDREW'S CONGREGATION of the PRESBYfERJAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2023
18. FUND BALANCESAND RECONCIUATION OF FUNDS
Fund
Balance
at start
Income
Expend.
Gains/ Transfer Balance
Losses
at end
Unrestrkted Funds
General Fund
94,516 129,922 (149,391)
(1,014) 74,033
94,516
129,922 (149,391)
(1014) 74,033
Restrlcted Funds
Tan8ible Assets
Property Fund
General Missionary Fund
Rivero Support Fund
Rivero Education Fund
Rivero Gift
Benevolent Fund
United Appeal
World Development
Royal British Legion
Tear Fund
Christlan Aid
Turkey
Flower Fund
372,424
87,013 17,723
6,381
5,479
15,331
4,800
1,083
370
9,666
1,663
145
1,128
313
2,125
(7,3721
{43,131)
(12,707)
(15,331)
(4,800)
(1,250)
(800)
{9,666)
{1,6631
(145)
(1,128)
(313)
(2,125)
(58)
0 365,052
61,605
847
1,125
167
695
330
272
467,273 59,826
{100,489)
1,014 427,624
Endowment Funds
Total
561,789 189,748 (249,880)
501,657
38

St. ANDRWS CONGREGATION ofthe PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {conVd)
31 DECEMBER 2023
19. RELATED PARTY TRANSAcfioNS
One of the Trustees, the Minister of the Congregation recelved remuneration of £37,540
and expenses of £6,701 for acting In that capacity. Pension contributions of £8,890 were
pald by the Congregation in respect of the Minister to the Presbyterlan Church in Ireland
Pension Scheme (2009). None of the other trustees re￿iVed any remuneration, but one
trustee is a Director in the company that provides the musical ServI￿S to the Con8re8ation
and it was paid £7,600.
During the year the Congregatlon contributed the followin8 amounts to Funds of the
General Assembly of the Presbyterian Church in Ireland a separate charity:
£11,694 for Congregational Assessments
£9,666 towards the United Appeal
£1,663 towards the World Development Appeal
During the year the Congregation contrlbuted the following amount to East Belfast
Presbytery a separate charity..
£778
There were no other related transattions.
39