an
CASTLEREAGH PRESBYfERIAN CHURCH
a Cong￿gatIon of The Presbyterlan Church In Ireland
ofFi
ancial A
Year end d
ivities
IstD
ber 2020
Unrestricted Restrirted Endowment
Funds
Funds
Funds
Total Funds
2020
2019
Income From:
2.. Donations and Legacies
3.. Charitable Activities
4.. Olh9r Trading Activits'es
5.. Investments
61,516
2,135
14.418
3.984
3,704
11,495
75,934
6.119
3,T04
14.831
71.941
17,691
28,3TO
Total Incomè
66,987
33.601
100,588
119,202
Expenditure On:
6: Raising Funds
7.. Chafitabte Aclivili8S
Total Expendlture
209
83,151
209
110,314
110,523
27.163
115,693
83,360
27.163
I 16, 176
Gains/(losses) on inve&fmenl assets
Net incoma 119xpenditu￿)
resources betore transfer
1.002
1,Tr)2
182.944)
{15,371)
6,438
{8.933}
(79, 918J
Transfers
Gross fr3nsfers behveen funds- in
Gross transfers between funds- out
6.838
6,838
22,429
14001
(6,4381
(6,8381
f22,429J
Net Income I (expenditure}
resources after transfgrs
{8,933)
(8,933)
(79.918)
18: Total fund$ brought forward
180.987
616.004
64760
861,751
941,669
18: Total Funds carried
forward
172,054 616,004
64,760 852,818 861, 751
Note.. The Transfer5 include a number of the Organisations who contribute to the heating
and lighting of the buildings in acknowledgement of their own use.

an
CAsfLEREAGH PRESBYTERIAN CHURCH
a Congregatlon of The Presbyterian Church In Ireland
al
nce Sheet at 31st
cember 2
20
Total Funds
General Restrlrted Endowment 2020
2019
Fixed assets
to.. rangible assets
11.. Fixed assets Investments
94,432
94,432
98,272
Total T￿ed assets
475.cfo
474000
475,000
Current assets
569.432
569.432
573.273
12.. Debtors
17,561
13.. Cu￿ent assèts Inv8stments
10,188
27,749
17,394
40.07T
14.. Cash at bank and in h8nd
Total currgnt a88ets
24,118
64,195
63, 192
119.366
41,301
40.642
201.309
216.086
177.004
l&. Credltors." amounts fallJTng due In one
ygar
Net current assets le88 cuTrent
Ilabllitles
l&. Credilors.. amounts falling due after
than one year
Net a55ets
51,489
84,760
293.253
296.671
14,9501
(4,917)
(9.867)
(8. 192)
172.054
44572
64,760
183,386
288.479
172.054
616,004
17: Fund5 of the Church
64,7fj0
852.818 861,751
172.1154
616.004
64.760
8S2.818 861, 751
Approved by the Klrk Session at a meeting on 2nd June 2023 and Signed on Its behalf by..
Rev. Mervyn Bumside
Minister
Andrew Mccann
Clerk of Session
A /4(￿.

an
CASTLEREAGH PRESBYfERIAN CHURCH
a Congregation of The Presbyterlan Church In Ireland
NOTES TO THE ACCOUNTS
31st December 2020
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 Financial Reporting Standard applicable in the
UK and [￿land (FRS102).
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. asset5 and liabilities for which the congregation is responsible in law.
They do not include the accounts of church groups that owe their affiliation to another
body, nor those that are informal gatherings of church members.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or
at the congregation s dlscretion; the income derived from the Endowment is to be used
either as restricted or unrestrirted income funds depending upon the purpose for which
the endowment was established in the first place.
Restritted 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
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.
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.

Presbyter
an
CA5TLEREAGH PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNT5
31$t December 2020
ACCOUNTING POLICIES
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;
the trustees are virtually certain they will receive the resources; and
the monetary value can be measured with sufficient reliably.
(li) Incomlng resources wlth related expenditure
Where incominq resources have related expenditure (as with fundraising income) the
incomlng resources and related expenditure are reported gross in the SOFA.
(iii) Grant5 and donations
Grants and donations are only included in the SOFA when the congregation has
unconditional entitlement to the resources.
(iv) Tax reclaims on donations and gifts
Incoming resources from tax reclaims are included in the SOFA at the same time 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.
(vi) Glfts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the chartty 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.

an
CASTLEREAGH PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
st
31 December 2020
ACCOUNTING POLICIES
(vii) Donated services and facllities
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) Volunteer help
The value of any voluntary help received is not included irs the accounts but is described
in the trustees, annual report.
(Ix) Investment income
This is included in the accounts when receivable.
(x) 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
(xi) Liability recognltion
Liabilities are recognised as soon as there is a legal or constructive obligation committing
the congregation to pay out resources.
(xii) Governance costs
These are shown within charitable activities and include the costs of preparation and
examination of accounts, the costs of trustee meetings and cost of any legal advice to
trustees on governance or constitutional matters.
(xiii) 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 a￿ only recognised in the SOFA once the
recipient of the grant has provided the specified service or output.

CA5TLEREAGH PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
31st December 2020
ACCOUNTING POLICIES
(xiv) Grants payable without performance conditions
These are only recognised 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.
ASSETS
(xv) Tangible Fixed Assets
Tangible fixed assets for use by 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 assets other than freehold land, at rates
calculated to write of the cost, less estimated residual value, of each asset over its
expetted useful life as follows:
Buildings..
Fixture5, fittings and equipment
Computers, software and technical equipment
{xvi) Investments
- over 50 years
over 10 years
- over 4 years
Investments quoted on a ￿CogniSed stock exchange are valued at market value at the
year end. Other investment assets are included at trustees. best estimate of market
value.
{xvii) Investment Property
Investment property will not be subjett to depreciation but rather be correctly valued by
the fair value movement each year.

an
CAsfLEREAGH PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
31ST December 2020
Unrestricted Restr.
Total Funds
202
20
ndowmen
2." Donations and Legacie5
Recorded Giving
Loose Collections
Gift Days Special
Collections
Gilt Aid Recovered
50.551
2.010
7.575
S8,126
2,010
3,980
66, 143
3,851
1,258
3,980
8,955
61.516
2,863
14.418
rotal
11.818
75,934
10,673
81,923
3.- Charitable Artivlties
Income from Charltable
Activities
Weddings, funerals, etc.
Grants
166
648
814
1.969
2.135
3.336
3,984
1,200
Total
5,305
6,119
1,200
4.. Other Trading Artivities
Lettsng Income from Church
Property
Tiduiiiy IriLuTTie
3,230
3,230
IT,390
30.1
17,691
474
3.704
474
3,704
Total
5.. Investments
Bank and Building Society
Interest
General Investment Fund
Other Investment Income
Rents from Investment
Pmperty
1,504
27
1.531
1.978
1.832
1,832
68
71,400
1,492
68
11,400
24,900
rotal
3,336
11,495
14.831
28,370
6.. Raising Funds
Printéd Boxes of Church
Envelopes
209
209
483
Total
209
209
483
7.. Charitable Artivlties
Ass855ments
Ministry and Support Staff
Costs
Congregational Running
Expenses
Mission Giving and
Donations
Governance
15,594
45,846
7.782
15,594
53.628
15.156
58,339
19,261
15,031
34,292
35, 169
450
4.350
4.800
5, Q29
2.000
83.151
Total
2.000
110.314
2,000
175,693
27,163

an
CASTLEREAGH PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
31st December 2020
8. EMPLOYEES
Employment Costs
Wages and Salaries
Minister.-
Caretaker."
32,817
6.846
32,174
7,628
Social Security Costs
4,347
4,262
Pension Contribution5
7,877
51,887
7, 722
51,786
Number of Employees
The average number of employees (including the minister of the congregatlon), during the year
was:
Average number of
employees
There wefft no employees in rec@ipt of employée benefits in excess of £60,000. (Caretaker lerr
their position in November 2020)

an
CASTLEREAGH PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
31st December 2020
9. PENSION COSTS
The minister of the 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 Presbyterian
Church in Ireland equivalent to the employer'5 pension contribution for the Scheme and
based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension
Scheme (2009) is a fL¢nded Scheme of the defined benefit type, providing 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 ChLfrch
and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently
funded to meet current and future obligations. A formal schedule of contributions was
drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from
31st December 2015 contributions of 240/0 of pensionable salaries to cover the accrual of
benefits for fijtijre. %p.rvic.p., p.xpp.nsp.%, the c.ost of insiiring death in service benefits and
funding the scheme deficit.
The contributions made by the congregation during the year were
Contributions
7,877 7,722
The Charity is registered with the Pension Regulator and operates a defined pension
contribution policy for our employees. The scheme and its assets are held by an
independent scheme manager. The pension charge represents the contributions due from
the congregation during the year.

an
CASTLEREAGH PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
31st December 2020
10. TANGIBLE FIXED ASSETS
Cost or valuation
At start of year
Additions
Revaluation
221,616 25,661
247,277
At end of year
221,616 25,661
247.277
Depreciation
At start of year
Provisiofi for year
Revaluation
123,345 25,661
3,839
149, 006
3,839
At end of year
127,184 25,661
152,845
Net Book Value
At start of year
At end of year
98,272
98,272
94,432
94,432
The land and buildings include freehold properties owned by the Congregation and
consist of the Church, Church Halls, Graveyard and the Manse.
As a Grade B+ Historic Building (HB25/13/002) the Church is classified as
Historical Heritage Asset and has been valued at nil, in keeping with the Charities
SORP.
The Church property which is used to carry out the activities of the Church
includes the Church Hall and the Manse which are being depreciated over their
estimated economic life of 50 years.

an
CASTLEREAGH PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
31st December 2020
11. INVESTMENT PROPERTY
Investment
Property
Total
Cost or valuation
At start of year
Transfer in
Disposals
Revaluation
At end of year
475,000
475,000
475,000
475,000
Land and buildin95 owned by the Church and heldfor long-term capitol oppreciotion ond not currently
in regulor use by the congregation include5 the propety and lond at 59 Church Road (known as The
Learning free) andsexton 5 House Lond & Buildings.
12. DEBTORS
2020
2019
HMRC - Gift Aid Receivable
p￿paYMents and Accrued
Income
22.491
10,673
5,258
6,721
27.749
17,394

an
CASTLEREAGH PRESBYfERIAN CHURCH
a Congregation of The Presbyterlan Church In Ireland
NOTES TO THE ACCOUNTS
31st December 2020
13. CURRENT ASSET INVESTMENTS
2020
2019
General Investment Fund
Other Investments
64,000
195
62.997
195
64.195
63,192
2020
2019
Value at Start of y•ar
Additlons
63,193
78.074
Transferred
lrnpalrment
Galns l (Losses on
revaluadon)
Value at end of year
(22,673)
7, 791
1.002
64,195
63,192
14. CASH AT BANK AND IN HAND
2020
2019
Bank Current Accounts
Bank Deposit Accounts
61,982
77,758
139,327 138,327
201,309 216,085
15.
CREDITORS: amount falling due within one year
2020
2019
Creditors
Accruals and Deferred Income
5.815
4.052
6.140
2,052
8,192
9.867

an
CASTLEREAGH PRESBYfERIAN CHURCH
3 Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
315t December 2020
16. FUND BALANCES AND RECONCILIATION OF FUNDS
Fund Type/Name
Balance at
start
Income
Expend.
Galns/
Losses
Transfer Balance at
end
Endowment Funds
Endovvment Fund
Sub-totals
64,760
64.760
64,760
Restrirted Fund5
Tangible Assets
Fixed Asset
Investment #69
Property
Property Trust
Missions
Moderators, Appea15
World Development
Appeal
Presbyterian Children's
Society
Royal British Legion
Christian Aid
Bowling Club
Boys, Brigade
Choir
Girls, Brigade
Hilltop Group
Manna for Men
Playroom
Presbyterian Women
Sunday School
Youth Oryanisations
Sub-totals
98,271
475,000
17.025
14,204
4,319
329
50
3,841
94.432
475.000
24,411
14,204
29,513
16.389
(5.738)
4.275
329
50
164
164
91
50
175
1,716
15
969
623
139
564
470
1.705
125
616,004
91
50
175
1,364
15
597
1,438
139
564
1,107
1,705
125
616,004
972
1,024
(300)
272
1,165
644
350
1,679
642
(400)
33,601
27,163
(6,438)
Unrestricted Funds
General Fund
Bequest Fund
{Designated)
Sub-totals
33,802
147,184
66,990
83,362
1,002
6,438
24,870
147.184
180,987
66,990
83.362
1,002
6,438
172.OS4
Total Funds
Totals
861,751
100.591
110,523
1,002
852,818
There mèy be minor discrepancles in the totals (not ex￿edIng £1) due to rounding

Presbyter
an
CASTLEREAGH PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Churth In Ireland
NOTES TO THE ACCOUNTS
31$t December 2020
17.
RELATED PARTY TRANSACTION
One of the Trustees, the minister of the Congregation received remuneration of £32,817
and expenses of £6,242 for arting in that capacity. A Pension contribution of £7,877 was
paid by the Congregation in respect of the minister to the Presbyterian Church in Ireland
Pension Scheme (2009). None of the other trustees received any remuneration.
During the year the Congregation contributed the following amounts to Funds of the
General Assembly of the Presbyterlan Church in Ireland a separate charity..
£15,276 for Congregational Assessments
£3,980 towards the United Appeal
The congregation contributed £869 towards Presbytery Assessments during the year.
There were no other related party transactions,