OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

an CASTLEREAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Castlereagh Presbyterian Church a congregation of the Presbyterian Church in Ireland Trustees Annual Report and Financial Statements for the year ended 31st December 2023 Registered with the Chority Commissionfor Northern IrelundNIC 104335

an CASTLEREAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Contents Page Pages Description Trustees Annual Report 10 Independent Examiners Report 11 Statement of financial position 12 Balance sheet 13- 16 Accounting Policies 17-24 Account Notes

TRUSTEES ANNUAL REPORT

The Trustees present their Annual Report and Financial Statements for the year ended 31[st] December 2023 including a Balance Sheet as at that date.

Castlereagh Congregation of the Presbyterian Church in Ireland 79 Church Road

Registered Charity in Northern Ireland (NIC 104335)

CHARITY TRUSTEES

The Charity Trustees who served during the year or who were trustees at the date of this report were: May Anderson Rev. Mervyn Burnside Andrew McCann John Hanna Phyllis Grier

PRINCIPAL OFFICE BEARERS

Jonathan McNeill, ACA, 21 Old Channel Road, Belfast, BT3 9DE

Danske Bank, Donegall Square West, Belfast, BT1 6JS

TRUSTEES ANNUAL REPORT (continued) STRUCTURE AND MANAGEMENT

The charity trustees of the congregation are the members of its Kirk Session. Under the governing document, The Code, the book of the constitution and government of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee.

The Kirk Session consists of the ordained minister and the ruling elders of the congregation. All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the ministers in active duty in the congregation, has no deliberative but only a casting vote.

Stated meetings of the Kirk session are held at least four times each year or as appropriate.

To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote.

Presbytery

Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Castlereagh Presbyterian Church has been assigned to the East Belfast Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of each congregation.

TRUSTEES ANNUAL REPORT (continued) The General Assembly

The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its business. At the end of business it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired minsters and a representative elder appointed by the Kirk Session of each congregation.

DESCRIPTION AND PURPOSE

Castlereagh Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is grounded in the Scriptures, and exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play their part in fulfilling mission to our world.

by the grace of God, to help people of all ages become fully devoted followers of Jesus Christ. Our vision is, by the grace of God, to be an inclusive, welcoming community of people of all ages, which:

being:

TRUSTEES ANNUAL REPORT (continued) ACTIVITIES AND OBJECTIVES

The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is observed on several occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are meetings and has a wide range of organisations including:

ACHIEVEMENTS AND PERFORMANCE

Organisations resumed meeting in person from September 2022 and continued for the rest of the year. Printed weekly worship resources continued to be distributed by email or hard copy as requested. At 31[st] December 2023 there were 85 communicant members and 171 families connected with the congregation. The average weekly attendance at morning worship is 40 people.

TRUSTEES ANNUAL REPORT (continued)

Pastoral care

Members of the congregation who are unable to attend church due to sickness or age are visitors.

Mission and outreach

The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological college for ministry students, and financially supports congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care.

Presbytery

The congregation was represented at the regular meetings of Presbytery by our minister and/or one of the elders. This provides an important link between the congregations and the wider structures of the church.

General Assembly

The minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June.

The congregation supports a number of organisations who actively make use of both the adults, Hilltop group for older members of the congregation, Presbyterian Women and more. Subject to the Approval of Kirk session outside organisations such as Ravara Productions have been able to use the facilities for rehearsal space. Again subject to approval of Kirk Session and availability, various outside groups and individuals have been able to avail of the facilities for various family celebrations.

TRUSTEES ANNUAL REPORT (continued)

Property

During the year no major repairs were completed to the Manse.

Investment Property valuation remained the same as the prior year at £587,851 (2022: £587,851).

Volunteers

The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities.

PUBLIC BENEFIT STATEMENT

The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion.

The above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of notice boards, printed material, press advertisement, websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular organisations, charities and individual members of the public.

The Kirk Session has had regard to the Charity Commissions public benefit requirement statutory guidance.

TRUSTEES ANNUAL REPORT (continued)

FINANCIAL REVIEW

including the Weekly Freewill Offering with donations totaling £45k which is included in Donations and Legacies. There were 123 contributors during the year, a similar number to the previous year: donating a total of £60k to the funds.

The total Income of the congregation during the year was £125k, which was higher than the previous year (£94k).

Total expenditure decreased from £128k to £124k.

The trustees are content with the financial position of the church and of its funds at 31[st] December 2023.

RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS

The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the congregations and the financial activities for that year. In preparing the financial statements the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable them to ensure that the financial and Reporting by Charities (FRS 102 1 January 2019) g the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TRUSTEES ANNUAL REPORT (continued) GOING CONCERN

The activities of the congregation are dependent on ongoing contributions from its members. The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report and subject to the continuing support from members to fund and other financial commitments.

RESERVES POLICY

The Trustees have considered the level of unrestricted reserves that it is appropriate to hold taking account of current and ongoing commitments. It is the policy of the Trustees to hold at -end unrestricted reserves were £150,322 which represents a higher level of reserves. The Trustees however, consider it prudent to hold reserves at this level as the funding of its present activities is dependent of the ongoing financial support of members.

RISK REVIEW

A review of major risks has been undertaken by the Trustees and the system and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from members. These risks are mitigated by the Trustees, and the Congregational Committee, regularly monitoring the various activities of the congregation at stated meetings and by encouraging members in their regular giving.

Approved by the Kirk Session at a meeting on 9[t h] September 2024 and signed on its behalf

by:

Rev. Mervyn Burnside

Andrew McCann

state whether particular matters have come to my attention.

  1. That accounting records were not kept in accordance with section 63 of the Charities Act (Northern Ireland) 2008 as amended by the Charities Act (Northern Ireland) 2022 where applicable;

  2. That the accounts do not accord with those accounting records;

  3. That the accounts do not comply with the accounting requirements or methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102); and

  4. That there is further information needed for a proper understanding of the accounts to be reached.

Statement of Financial Activities Year ended 31[st] December 2023

Income From:
2: Donations and Legacies
3: Charitable Activities
4: Other Trading Activities
5: Investments
Total Income
Expenditure On:
6: Raising Funds
7: Charitable Activities
Total Expenditure
Gains /(losses) on investment assets
Net income / (expenditure)
resources before transfer
Transfers
Gross transfers between funds
in
Gross transfers between funds
out
Net income / (expenditure)
resources after transfers
18: Total funds brought forward
18: Total Funds carried
forward		 Unrestricted
Restricted
Endowment
Total Funds
Funds
Funds
Funds
20232022
£
£
£
£
£
69,768
16,012
85,780
74,211
300
2,033
2,333
1,400
5,088
5,088
3,122
2,766
28,826
31,592
15,099
72,834
51,959
124,793
93,832
280
280
549
90,612
33,612
124,224
127,327
90,892
33,612
124,504
127,876
4,000
2,000
6,000
106,913
(14,058)
18,347
2,000
6,289
72,869
18,347
950
19,297
3,067
(19,297)
(19,297)
(3,067)
4,289
2,000
6,289
72,869
146,033
724,673
65,527
936,233
863,364
150,322
724,673
67,527
942,522
936,233
Total Funds
General
Restricted Endowment		 2023 2022
£ £ £ £ £
Fixed assets
10: Tangible assets 83,432 83,432 85,819
11: Fixed assets Investments
587,851 587,851 587,851
Total fixed assets 671,283 671,283 673,670
Current assets
12: Debtors
8,319 7,235 15,554 48,234
13: Current assets Investments
45,609 26,885 72,494 66,495
14: Cash at bank and in hand
99,094 56,602 40,642 196,338 167,819
Total current assets
153,022		 63,837 67,527 284,386 282,548
15: Creditors: amounts falling due in one
year		 (2,700) (10,447) (13,147) (19,985)
Net current assets less current
liabilities
16: Creditors: amounts falling due after
more		 150,322 53,390 67,527 271,239 262,563
than one year
Net assets
150,322		 724,673 67,527 942,522 936,233
17: Funds of the Church
150,322		 724,673 67,527 942,522 936,233

an CASTLEREAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31st December 2023 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 Ireland (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, assets 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 discretion. the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was 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 (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 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.

1. ACCOUNTING POLICIES

(i) Recognition of incoming resources

(iii) Grants and donations

(iv) Tax reclaims on donations and gifts

(vi) Gifts in kind

(vii) Donated services and facilities

(viii) Volunteer help

(ix) Investment income

(x) Investment gains and losses

(xi) Liability recognition

(xii) Governance costs

(xiii) Grants with performance conditions

(xiv) Grants payable without performance conditions

(xv) Tangible Fixed Assets

(xvi) Investments

(xvii)

----- Start of picture text -----
|||||| |---|---|---|---|---| |31|[ST]|December 2022|Total Funds| |Unrestricted Restricted Endowment|2023|2022| |£|£|£|£|£| |2: Donations and Legacies| |Recorded Giving|58,777|14,099|72,876|63,544| |Loose Collections|2,740|2,740|864| |Gift Aid Recovered|8,251|1,913|10,164|9,803| |Total|69,768|16,012|85,780|74,211| |3: Charitable Activities| |Income from Charitable| |300|328|628|400| |Activities| |Grants|1,705|1,705|1,000| |Total|300|2,033|2,333|1,400| |4: Other Trading Activities| |Letting Income from Church| |4,943|4,943|3,020| |Property| |Trading Income|145|145|102| |Total|5,088|5,088|3,122| |5: Investments| |Bank and Building Society|490|490|199| |Interest| |General Investment Fund|2,276|2,276|2,000| |Other Investment Income|1,056|1,056|-| |Rents from Investment|27,770|27,770|12,900| |Property| |Total|2,766|28,826|31,592|15,099| |6: Raising Funds| |Printed Boxes of Church|280|280|549| |Envelopes| |Total|280|280|549| |7: Charitable Activities| |Assessments|13,981|13,981|13,661| |Ministry and Support Staff|52,257|52,257|49,738| |Costs (note 8)| |Congregational Running|13,882|27,431|41,313|56,922| |Expenses| |Mission Giving and|252|6,181|6,433|5,006| |Donations| |Governance|10,240|10,240|2,000| |Total|90,612|33,612|124,224|127,327|

----- End of picture text -----

an CASTLEREAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31st December 2023 8. EMPLOYEES Employment Costs Wages and Salaries Minister." Caretaker.. 35,234 33,556 Social Security Costs 5,276 4,661 Pension Contributions 8,456 8,054 other ministry and Support Staff 3,291 3,467 52,257 49,738 Number of Employees The average number of employees (including the minister of the congregation), during the year was: Average number of employees There were no employees in receipt of employee benefits in excess of £60, 000.

an CASTLEREAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31st December 2023 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'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 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 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 315t December 2015 contributions of 24 % 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. The contributions made by the congregation during the year were Contributions 8,456 8,054 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.

10. TANGIBLE FIXED ASSETS

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 a 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 2023 11. INVESTMENT PROPERTY Investment Property Total Cost or valuation At start of year Transfer in Disposals Revaluation 587,851 587,851 At end of year 587,851 587,851 Land and buildings owned by the Church and heldfor long-term capital appreciation and not currently in regular use by the congregation includes the property und lund ot 69 Church Road (known as Bumbles) and Sexton s House Lund & Buildings. 12. DEBTORS 2023 2022 HMRC - Gift Aid Receivable Prepayments & Accrued Income 10,163 5,391 43,423 4,811 15,554 48,234

13. CURRENT ASSET INVESTMENTS 14. CASH AT BANK AND IN HAND

15. CREDITORS: amount falling due within one year

an CASTLEREAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31st December 2023 16. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Type/Name Balance at start Income Expend. Gains/ Transfer Balance at Losses end Endowment Funds Endowment Fund 65,527 65.527 2,000 2,000 67,527 67,527 Sub-totals Restricted Funds Tangible Asset5 Fixed Asset Investment

69

Property Property Trust World Development Appeal Presbyterian Children's Society Royal British Legion Christian Aid Bowling Club Boys, Brigade Choir Hilltop Group Manna for Men Presbyterian Women Sunday School Sub-totals 85,819 587.851 29,488 14,204 2,302 (4,690) 83,431 587,851 33,249 14,204 44,661 (23,503) (17,397) 365 {365) 514 {514) (91) (94) 91 94 515 2,108 15 590 139 877 2,003 724.673 157 1,701 672 1,413 15 617 139 1,071 2,011 724,673 (1,996) (400) 1,398 (1,121) (250) 1,732 (1,238) (300) 51,959 (33,612) (18,347) Unrestricted Funds General Fund Bequest Fund Youth Organisation Sub-totals (1,276) 147,184 125 72,834 (90,892) 4,000 18,347 3,013 147,184 125 146,033 72,834 (90,892) 4,000 18,347 150,322 Total Funds Totals 936.233 124.793 (124.504) 6,000 942,522 There may be minor discrepancies in the totals (not exceeding £1) due to rounding

an CASTLEREAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31st December 2023 17. RELATED PARTY TRANSAcfIoN One of the Trustees, the minister of the Congregation received remuneration of £35,233.56 and expenses of £6,701 for acting in that capacity. A pension contribution of £8,456.25 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 Presbyterian Church in Ireland, a separate charity: £13,981 for Congregational Assessments £4,055 towards the United Appeal The congregation contributed £760 towards Presbytery Assessments during the year. There were no other related party transactions.