Charity number: NIC104366 se ear ee ee
Mn: i ==0l See FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELANO Nag chins AeBEE Stes RIODea RS pray, Mame ary Sea teg | ENSMi Stsgig aea er gen Eth:
i CONTENTS Sey
| Reference and administrative details of the Charity, its Trustees and advisers * a . Seeantabe:Pa Se ne «7 |
Reference and administrative details of the Charity, its Trustees and advisers 5 - a. - $Fiteee. oo: ot es |
Reference and administrative details of the Charity, its Trustees and advisers 5 - a. - $Fiteee. oo: ot es |
Reference and administrative details of the Charity, its Trustees and advisers 5 - a. - $Fiteee. oo: ot es |
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| Trustees' report oe! She tect — |
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| Independent examiner's report Statement of financial activities we rye - s* Cieraarom3 |
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| Balance sheet Notes to the financial statements ae ee ee eee SORAS ASegt —" =—e = |
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a) ’ * ’ R a P rh y wm « a | : ve FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND ” Ce a 2, s = oa wl Te. ppt . beet] = y +e ry
REFERENCE AND ADMINISTRATIVE DETAILS = a po real a . OF THE CHARITY, ITS TRUSTEES Pf, arinet Sere et AND oe ADVISERS aoe, =e aeye FOR THE YEAR ENDED 31 DECEMBER 2021 A a ea Be hese i oePELbte ert gS a ashe = SW tg PINES a tt os hs ee — The Trustees of the Charity at 31st December 2021 are: 2ASATIS' = = 7. ~ BC ART
~ a Pr. 5-5, Alexander Abraham np Samuel Armstrong Oh, eee Norma Best , PF: we a” a Frederick Boal Ian Bridgett Anthony Breene NG Muriel Cromie ES =p Ruth Crawford Samus | Gee te mi jf Ae Cynthia Brown ye sitar Dorothy Boyle tLe Gerald Gault Yvonne Elder eet Susan Eakin ssh SET Trevor Griffiths ES Raymond Liggett
ER Paul Hutchinson Ca: Tom Hunter he Alan Hewitt Ee Jeremy Lyons Linda Uttle +,‘Tuts Peter Lindsay Oy“d 4at erOe i (Cues Peter Lunn Valerie Little "tareAagleal Peter Little Ste end Ste thg ce Sharon McIntyre William McCrory Neil Stewart Peter Scullion ; meeeeiy“ ettLe Hazel Scott Gary Skelly ae Fiona Skelly Pure Prog ak ae ~ Thomas Sloan Waka Jennifer Breene te a ESE Sara Hutchinson Te ea Te Alastair Edwards ey cee oD Elizabeth Cullen feieasec’ Adam Leahy a he oe Diane McKelvey yeseke Rev Andrew Galbralth
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“FE a4 Wn tins US ciSesertey ak? _ > oer J a Ps. FJSHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Spe Ee ee —WEES ~ 5. - -% es ee , 84 —=> — a » ‘s ~-& =?# REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS PE (CONTINUED) SARSra Ae tim LE ATEonccrn e SeINS te FagPETESeae. Le aH Mein oS Seen, FOR THE YEAR ENDED 31 DECEMBER 2021 RS ERR — = ee ae "i - “se Charity registered number NIC104366 i i ae em Fe. ee ee ae al es Principal office 2 Chlorine Gardens Belfast BT9 SDJ Accountants UHY Hacker Young Fitch Limited 27-29 Gordon Street are Belfast ee ae Antrlm BT1 2LG =. ‘co ay! - id Bankers Danske Bank PO Box 183 ake Lape ;—“*_2 peste Donegal Square West re . Ao <5 A Belfast eee ay BT1 6JS pore _ =
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FISHEAWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
TRUSTEES' REPORT
FOR THE VEAR ENDED 31 DECEMBER 2021
The Trustees present their annual report together with the financial statements of the Charity tor the 1 January 2021 to 31 December 2021,
Objectives and activities
a. Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, and too its supplementary public benefit guidance on the advancement of the Christian religion.
b. Strategies for achieving objectives
To continue to meet as a community in person or on line on Sunday mornings.
To meet as a Kirk Session, Congregational Committee and various sub-groups to plan tor the future and to call a new Minister,
c. Activities undertaken to achieve objectives
The charity fulfils its objectives by providing benefit to its members and the public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion.
This year we have had to adapt our programmes and ways of working considerably due to the Impact of Covid19.
d. Public benefit declaration
The direct public benefits which flow from the purposes and activities of the Church include the gaining ot an understanding in Christian beliefs as set out in the Bible and in the Church's subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral growth and development. In turn, this framework leads to practical expressions of Christian beliefs and standards in the local community through pastoral care (including the poor, sick, disabled, and bereaved). The above benefits are delivered by the church ministers, staff, officers of the church and members through public services and a range of programmes and weekly activities. Public access is made known through the use of notice boards, printed material, websites, social media, and online services.
The benefits are demonstrated through regular evaluation of the services and informal and ad hoe feedback from members, their families, and members of the public.
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= oe mY * 5 = FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN !REI-AND ‘ ao " 4 Spx lor wl ene) 5 eet yuk ~ eae Gmailhe5* ors big eeSyd ogeqwhelabenesen43 al Ref ls ‘eybel BK attdel metates4 £. ?[Ge!] oo
7 ‘po usu ene CM TRUSTEES' REPORT (CONTINUED) Pea aeteSad cigslinia tale FOR THE YEAR ENDED 31 DECEMBER 2021 pa Objectives and activities (continued) Haye ‘ -ee #.an| en, ee| weL.. * Ce he Obl Ce le eee tenESeye e. Main activities undertaken to further the Charity's purposes tor the public benefit[gece] tee eeekOeee eeOel oee OSE SR.eatercht enpcg ho BFat ’ eetinyhing The charity undertakes many activities to further its purposes. These are open to anyone of appropriate age 82 SRN ETaeswet ot aesoyOYETDSAwob SlBiu Lee. EtsPPBeer> .BU Telthet= Perea,Te OisePee+ eteNega st ReFadteli.aasoiraeSectigete0Sa Pela and/or gender to access, without regard to whether they are part of our congregation. a a ee { romped Tat ars Fig eons ee a a “ cot - mee .2aseeee s oreine eda= faith forks « Ss“. IDe. a ie iets nthe . . ee. ha” a ey “ Bee During 2021 many of our organisations could not meet in person. The organisations listed below have met on an , ~~ = * eek 4 al ~ + “Ad A ee j } iu9i. a 'on and off basis or adapted to meet online due to covid restrictions. aG eee mae neal ee gee eeeae , isc ee Taac Rag ot etOo ees ew Pl : ig iEs + Our regular activities at the beginning of 2021 included the following: - - get ig £a e Sunday worship services 7h tp aa es ope tees _ = = “ Wedding and funeral services; Prayer meetings; POs Sa “a Children and youth activities; arTagesot:[Pe] Church choir; Praise bands; Easter Mission and Summer Club for primary school aged children in August; ‘ Badminton clubs; ieee 2 Indoor bowling; Babies and toddlers group: Girls and Boys Brigade youth organisation Bret ae ae ere yee Ae sd. Eee ery Beet Fellowship small groups including a weekly group for older adults including meals on a monthly basis;[os][A][WA] SSE SE = ee bak eal eet et at! = Sete Free hot drinks for students and the general public at our 'Daylight' stand during term time and a programme of RNS heaveee TS a ; student activities in partnership with Friends International; sees ae Panaerroek net | as SRL RMI ort a Presbyterian Women's group who organise events including fundraising events for mission and charities; Alpha Seen ; eee . courses; Prayer Ministry and Deeper prayer ministry. 1 ea es Pe Tease!iBa R rei‘a. os neLT de!ASHERwet “ ST:—_ auc7 NeG ~~aa OER Oo bie BastePepe Neeas aleatenin eeeyeee “eAme Beit Cada?a . . . wm iwi 5 a Ry eS age Achievements and performance
{,~-7 a. a Main achievements of the Charity .sysir as— a” LaeSf .™!ey Our main achievement was to continue growing our church community in spite of the restrictions caused by the | _ * » a ee ee ee ee Oe Peete rf “a a fr, onl ue pandemic, Ed : -" , “ F | Lb _ - ' < afer" Pe ve rg During the year we continued our decision-making process and called a new Minster Rev Andrew Galbraith who[Ge][ors:] _ y s t+ - oe Re naif Seipy Thahte ps eehe rarehal was installed on 10th of September 2021. We are very appreciative for the guidance of the Rev David Gray our PEC ~ poxwes}nor fe St Seya et oo Vin a5 4 Wats Set et Convener through the whole process. SastreMek ay stig taeuttein STE Tyr 'aneae; 2aN Seite eae ; Fe hn ryt, wh tee Dae RTI, oe Despite losing our youth and children's worker in January to a new job, an enthusiastic team led by Rev David oe eee ee, Big EPS haem Worcester ASRaresPe association with the students from Derryvolgie Halls. Gray continued the work and we had a very successful Children's Easter Mission and Summer Club in Rca[Steed] 2 oe pendentnr ia poten,mma eneetude_—— ipa wiccaMera ra tmeh +[that] Dike *[taliat][tieti] ce A eer[got] aaysake Alsige’ Sos ee ba ae ee PSR Our 'Engage Team' continued the work of looking for ways to reach out into the Community and strengthened aUA[Sa][ry] ens eet tt alin= heSee rrer tonesna otcue Cok neeae f ~ geet . ohgate! erDeTU 9aEe ehyee air tingReVaanpatientereon ny4 TekSepmi neh VEE the links with the Belfast food bank. The team organised the planning and delivery of 900 Christmas Cards to the[Se] cataLAC LED aeeReGre aa ee one local community and we had good positive feedback from some of the recipients. Pe ts oe enn es Sieraanet eae.Corr oe rm oo Our Communication Action Team started to use our new Logo which they had been working on prior to the PTE RIAN Bl ee EWE RIA a Ne eae a Ratt iy Ske oh Fae pandemic. arate igh ae Ae Bes al TASS Pie ea ean eee iaeheset
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atninup FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELANO eres ae| Tw accl Papentate asLP e e rgtte[a] ge Pre- Sees- Ris ee TRUSTEES' REPORT (CONTINUED) ) FOR THE YEAR ENDED 31 DECEMBER 2021 —— in 1 ae Achievements and performance (continued) ath%rseT_— ‘= - Sere & Ay Pre Geet SapSa —. =Se - b. Review of activities 4; mbit a i a . P ” a Our activities were significantly adapted due to the mitigations in place due to the pandemic. However, the a wt MS FeesPi church community showed great creativity and versatility in working within the restrictions. Fisherwick's Vision statement is, 'The whole gospel, for the whole person, within the whole church in the whole awhafinhrasos Sed soryett raeRaaaigoy-inteLe 48 ‘a, .ayhe ie=siaa erta At.mA a eTee SeymaTeerng_BF S reblyee“—HGONSPEee oNman Pte=4 “veAlpe2CREANoe i er Pte world'. It is based on the core belief that as disciples of the risen Lord Jesus, the good news of Jesus should fe iBAN a een a at ed : FY CE OCSatieA Se sereWins careeres = impact our relationship with each other, the wider church family, and the wider world. SeGheuA so -adtad:EF be eie hareeaSdoP, 3ae=i tes s eaicstet eriS e badvite lab Nie es ARAbeFuck’a aleseras. pastyeee~ye BaeseSd =tra! of alentme. honEelTd whe eeiF The Whole Gospel Through our Sunday services, small groups, and prayer meetings our Ministers and visiting speakers have Liver bs as et eh»" c 7 “u * : - ‘ SS aA¢ weKAY" oa7 continued to tell us about the love of God and help us grow into mature disciples. r ab Pa Our special Christmas and Easter services were attended in person or viewed by many online, Many of our acsCeeAiMeyelders helped lead and preach during the year and we have been encouraged and refreshed by their ministry. “4BartaesMrsPat Easter. Neale, the choir and the praise bands enriched our worship throughout the year, but especially at Christmas and :Lame,SAMPuane,ee erSah5Dennee“ e las’ aiehParts a, katte[eR] rae toe.eee tBee ata4 e e pTlasashiteGees_f ee aesoi‘Jeaes ogee i) Bada caeoresGol[ gear] we ataa>[tei ra] [e][ eRe] aETEKiFait aeSE,y iedaiele e(anecasjy ae S h=.deptLee,motu erasasees ~0Ce_— Set The Whole Person re yee he Our ministers, pastoral staff and elders provided pastoral care on an ongoing basis in the local area, nursing = | a!faTay! Sea — =eemh eeSe aeSe Te ° homes and local hospitals. At times this has been by telephone or through socially distanced doorstep visits. any Conducting funerals and weddings with limited numbers and restrictions has been challenging but they have =, > fe 35 our at Pier es . tra PS Zwls oe he Cin ee ete aS Be Ne a” a consistently found a way to offer compassion and care to many at the most important times in their lives. Mo tel e amnsSatnw a gnea!mMM Naraotagate wali pe9 . e DianVeet¢ p‘we e eedSos eae ieieond ye pea ft wate.i i 2 “thomean — eeDa Much care and love has also been expressed through 'Small Groups' and prayer meetings continuing to meet a eee cut ares eaae SpotheeahAE sllsete| ataSea PT re aly.: eRates together and the congregation has been encouraged to contact those they miss meeting on a Sunday morning. Ts1 <rwate aati! Faiaee ; PoAaAAD Pheer4! bE. watof S er marto e , es v'oe, Obata is.vt it 218%. no_— Fat eea ran hfeAahdrat isthe yt, toon; Beal Fs By-aaberi Kiyoed he Ay = Nhe ie aisa ie Eat "73%, ~ The Whole Church Saiek raystesabesreal. petyeun we ; ‘ : , 4S 2. »: The pandemic has caused considerable hardship on the most vulnerable in our society and as a church we have Bi ag 2 aeably benctag ‘ supported the International Meeting Point and the South Belfast Food bank by facilitating collections of much 7 malt aah mF Juve atsSS Eyrereedtantar(fBabes: s Naaeren th Bi-7 ouaehei e ee<ant y aasR. ov, Lire s e er eSDeaneSt LeipSpy rientoatidleC ayire "+ oa) needed items and giving financially. - = i,7 { Lgeaa 4 a?tileneJ ta pied 2) rink sali ps ae — 4 We have worked in partnership with Queen's Chaplaincy and Friends International fn reaching out to both local We have supported Christians other countries persecuted for their faith through regular prayer and by financial and international students who have found this time especially difficult. Fe clay as See ae. Per ie aia5 JaMDayte Pgh aang ABPr—2 tyOREPoeAytyeaeteinle. ae=Dees AVah | 2Canesaf donations. pn,erayBios )finseaeree,: Wale& ae nee4 Wele a d eeeacer4arwe—SESS Me e Reca: e d ireedBhs eee tate,i laa ateLARRESteh oe any snp y en a ceam moll; Lolran,CHG GREK32 ag r eaM e rER ey an 7» mah The Whole World ee ee. 34 We have continued to support Armond and Anace who are working in Peru, especially as Peru has been badly hit by the pandemic. We have supported the work there in prayer and financially and with our online services we = ere en sit ‘et e a ie HyeoF ad ~ ~% faley awhe. were able to see them and have them lead prayers and give regular updates. We also continue to support our ae Pateeeclx friend Wilfred Abia w·ho started the 'Integrated Health for all Foundation' which helps the poor in the Cameroon. wt srl Dain SiSgate SAC7 cr Abas Sars Sia, “ tt4) AR An; “te e © ty ie aea e s e* oe ee 3 "!pee 4 os ay‘eeLataMad i . Preaa denterss Un ve et Talib esee Prior to the Pandemic we as a church had been involved in a process to assess the needs of our local Fess:Cee community and how we might match our skills and resources to the needs we found. Although much of this work SeaRdeahertaSa apr extSia eescape Scie sss ysBie ee[Seta] Ureg[ a][ae][Reet] pet R® eo,wisepect Ua "milace has been on hold, our intention to pursue this has not and we intend to build on what we have started, LnA 2EB OghesEe ros oesPervertLg Rw ee}——T wi= e ep (aiiT Soe)bpPn sail. Retee4Bepetaesae oaet) rex anette aa eghgaenes—_ ida’ = he = Although this has been a challenging year for everyone, we have been aware of many blessings. 5 vel Rev Dave Gray led us with great energy and creativity until Rev Andy Galbraith was installed in September. The 1 ties Psd ba fale Set as va 5 Rev Andy Galbraith has made a great start and we look forward to how the Lord will use him as he continues his SR ministry in Fisherwick. Rev Ken Nelson, our part-tine Pastoral Assistant assisted by Sheena Mcllwrath and our ere Fac: eeSe eed Sy wie og P Ay we hake a ah haart a3 iE ese a! i m3 ize elders have provided excellent pastoral care and support to many going through difficult times often helped by eet < ms Sete ve pa a ai yen a" 3 tie eA wee AOSWy Soe cata ooh our Minister Emeritus Rev Derek McKelvey. Our strong staff team staff have continued to serve us unstintingly : Siler teeee eR Gane icatiesr ise,penepinsfae Sa Eee eras ere eee coh ae os She ain NS Be a Mee tah and have shown adaptability and good grace though the constantly changing circumstances, In January our ae “ee Pak) & ae A . . ans Soe iy Sc Corelgees.= > aMS Py agesErevan s rican ei:: Soni PS Nae 7 4 BE Page 5 faexs es at ra
’ F"ISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRE.LAND Oh yeeJ[as] aigis~SRee iodey FentyaeCONE aOS1}aaiIe oerd a Sea” 2! SnDarPa aketlne_ 2 desxi- ie xe “sy i. ~ . “ante 5 TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 <4 = eae hing: [ eSDen REE ft A Achievements and performance (continued) ak tek. Kovak CR Aon eg © = ‘Ame 7 Sah wees Youth and Children's worker Danny Moore moved to a new position with 'Stand by Me', and Michelle Manwar:fng ~ «¥« one a Sut AB?Prcxiyi- 7.fetee: ts, Tea?ae whypa who had been covering maternity leave and working as our Office Administrator left us in September. We are e ote vieNatoa + a ++ Ait a, nat be San heTe Naas vs Woy %, fe Pat i ee Ks thankful for everything they did for us and wish them every blessing 1n the future. eee Stet Ree epi weet Me eerir | es Ae cs ea om Sree Pet — Ao WS we i & are hae Fees We are also very thankful for the many church o nye# tt preg eaoePaitan oe aerate:= : het icers and volunteers (too many to name) who help keep the = > = a? WeLalgy cot ea ee: pearsee aroanyye ss community of Fisherwick working well. We could not do everything we do without the willingness of so many who <ipecs volunteer their gifts and time so willingly. ected[Pas] oN SeYA }.Pesta,oeon Pulses= ineRohesth‘(e4pWay. ereae¥se ne: = c wer <=.at Ewe,7 ons ‘ fn) ase wae genes ” rsr “Soy®"2 cas =" =" ‘ 2. + » Rgvt c. Fundraising activities and income generation SOEA: bMS:Nie steadi kkaeRe% 2Seaea Be,A | P * . res 4 od fundraising activities. The charity is principally funded through voluntary donations, bequests and gifts from the congregation and op abeli Cateee,“4 — i ae ——ee ent edeRp BEEoP) wmes290 Fateaeeaaearht eyRateetmSa Sara ¥. ienea—— ge TDerie:a Financial review ot glo wt = a,” , * pe a. Going concern wk A See wel _-.. * After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate be Wi draclra - ; em a a resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt “pred ea Le eve. Plas ts gta a ‘a aad Faces the going concern basis in preparing the financial statements. Further details regarding the adoption of the going Sits oral Lv taele ‘“Ercanpeti concern basis can be found in the accounting policies. peeNut $Oaasee ha,gumanae MatTaha Sasber aghhtee.©enoASiltorgs Deh aearyagenareemirig dintar pms SvSPLtig—ronsSoS cata: et Soaps ReeSS Ryei .—_east4 . oatmes. okt Se Si0 b. Reserves policy ones ao J x= The reserves policy of the charity is to develop and maintain unrestricted reserves not designated for a particular a - 70 ar Hoo7 =. ~~ + Ne7 ~a EP¥orepoheeaer bahtatiagOh bay y purpose at a level equivalent to 6 months incoming resources without prejudicing the ongoing activities of the pe” “Se organisation. |STasa ~eM Leoe estimaMSMahonPekA1 Paylnrhege, seesEN tnetak ny[tal] NRRL Liomses7 thes aah eCRONSenie tSaah ses ie 7, ae et Sehr leeral ey! Total reserves held by the charity at the end of the year are £3,412,477 (2020 : £3,409,828) of which £2,835,782 (2020 : £2,871,486 are restricted for a specific purpose, £536,035 (2020 : £501,297) are in unrestricted funds PERS ee Rem Ona ee rh iP ue Sie and £40,660 (2020 : £37,045} are endowment funds. £2,268,975 of all reserves at 31st December 2021 are eT ee tareee « Sapee “wb Coedae GBatarihe eies: aally es o.AeIe mhpece Dy alhala; 3 ETEeit tangible fixed assets held “er p e eT Ltre4 a W e for r seatsLe the ongoing delivery of the Church's charitable activities. oe yael) ie Te ve ® — ee 7 7 Ww wus mee at > we. sateen tes ifwe ¥ The reserves are needed to meet the operational costs of the Church on an ongoing basis. The primary indicator cfpeathina ta urty 3 an Le Pade ie 7 » Se Foe fa nea rd ets of the level of reserves are the expenses of the general fund. During the year general fund expenses were BenGielen £213,040, further additional expenses of £54,525 were incurred in relation to other unrestricted funds and funds oeiesaerataehen in4ay ay his PreWeewee¥ PFS. aainea ettap e WEeltet oiat ateD y e reas NevaacdSetPRE jy)ay aefod ogGE aisvatBeCogaealsi7eer a”eeeBae? aahDE S aks e d ; ak Ceesh maee, e AGACi= WomRS ape7 ) Sires designated for a specific purpose. Koen ben Soi ae a ae a i ’ r ne & ae bt ath Sorel ; sy As at 31 st December 2021, the Charity held unencumbered unrestricted reserves which had not been ane A pate Sree ea i" ar designated for a specific purpose of £104,682. This amount represents approximately 6 months running costs toot Aw Lal — fl ~y - at ll .SEATA. RA #0-“ ah a Re‘ahCeVi raalgy tahieeeTOR PaliFE . = ehnoe and the Trustees are satisfied that at this level they would be able to continue the current activities of the Charity in the event of a significant drop in funding. It is noted that running costs in 2021 were lower than normal due to facettes Soy,eeereans Natiere ae Ay gousehBsa w a ndeeSkotosRankeP30 xeeTrex Rawr the absence of a Minister's salary for the full year and due to Covid is oy Phnauhe ot: Pah aa PY Foret grey te -19 he . 0a SPMAE bos “ s i ie’ a PoreBE ey aayNG BtCaceecresTORSoe OsherTARiE: FagNeWid whNy cap hd 5 liesa ae
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; - t FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELANO er aes , Ga TAY, Pu4 ee RRSee Da e EaaEREee> heeSts aTSoapshd oeALE,ariaeae.a caeaaat
TRUSTEES' REPORT (CONTINUED) a we Hie walt yr tte A 7 FOR THE YEAR ENDED 31 DECEMBER 2021 WpJAS~ tr DE :eaeee= Bia%)= lateas1} FsEeawae ps 5}PE ‘“_e re teey5. ‘7 ai ie atk c. Principal funding and financial performance in hitWe ecacagesSiNieaA Miter" sty2. aeRas<. ed 4 , ‘egee The charity is principally funded through voluntary donations, bequests and gifts from lts congregation and a Ca l in pete aed meteAa Gare atePal Bea, b= rip ey aoe tears)et nS Bena"ot fundraising activities. sienx.[4] a[me][ in] Sait[ walt,] #ilpishg heat&[4] ee[al] >[ ete] asect[ Bat][Peak] ne BAR> Serraat ie ae tre‘ = s pe Aaa J a = ay Tey oe 4 CN Income from donations and legacies from contributing families and grants totalled £300,102 (£317,777 in 2020). It is noted that incoming resources in previous years have been higher than usual due to the congregation's ’ = Hae ey ,Se a Seeaay?sriPa neTayLowix nlyatu)ieneSey var isTSSaaod ee Nin ead ai, ABeee ae Rk eo support for contributing towards the Community Outreach Building Project (COP) noted above. In 2021 we were bS a tchingastOm es tare)AhaeAY:bePip etseecy YaySUS rs ee) Aa.BGKPateee o a | eoSera again in receipt of support from the Government's Job Retention Scheme ee gn ah pt ithe CRE Abe com ton seria ap Sere Ti , Rheeny om - * SoC~ Te +s . ran be vars “a> at iol. le ~, i» ee ae ae Pe. eo a] =a a >t Rate Total expenditure increased from £432,250 in 2020 to £472,063 primarily due to a charge for depreciating the Pe uA Ni oe A eee en, + ats ‘ et ee Pie ies margety as oe tit COP Project building, our new Minister's salary and the increased costs of running the Church building as Covldee Dy te eee heel5 ole Bae ONoe PAE ; a RSrd Pad, ) Sed apeOES‘seASn, ral LeeeraSngi H ‘al 19 restrictions eased. Expenditure on COP is being capitalised into a separate category of leasehold improvements on the balance sheet of the Church and depreciated accordingly. Expenditure on this project will P e FtSeLpiedrLeeoO continue through 2022. RialfT 206ete rekonet Peyyaopeaedy ei repAgMoats Sig FedsaSEseesagseeFy es agi $0 seatsHae3 eneaeFSSEReT re=-Fo i n n e |tit f eb4e3_poutyCd Piie_peteYrs—atten— eepesAr~RE rNmaeee SiarF =ut rtheaesar PacheA milReaSSNae ticset we= a = The church recorded an overall surplus for the year of £2,649. Bao — = cok a) 4 lone hoe dks Z pat ¥ a, ae Soll . * ” . rent fat hess, tro Mae A lye ae is ae ae ‘- ome pié on & The General Fund of the church ended the year with an excess of income over expenditure and transfers of hethon fehtt dSintDees ak 2) “ae ieary =" eee ee ae tu MTSE ESF TL 4 Sutelei; PNi Ctee Sey ag £21,727 and a closing surplus of £55,757. Sey©Miser gears.+ ty a)saefinesoer = Sagres)w : The main charitable objective of the church is the advancement of the Christian religion and it is considered that yA So, 3 SPP | SOAR LS ea all direct charitable costs and support costs are incurred in furtherance of this purpose. Direct charitable gs STC Na ee a Be ys Wee Laihiget[oe] " e's hi-= at oP a he ‘ C4 en bp expenditure remained consistent from £186,413 in 2020 and £187,392 in 2021, and support costs increased , “ay Aette ey! fo. aeGata * NS tichS- AS egy sot er eee Pace1 We cS[a] aeNPYead resFR eeeNagA eRGee Bice aed ett Aide 208: etele ear from £245,837 in 2020 to £284,671 during the year. As noted, a depreciation charge of £186,731 relating to the v qe as, ae ‘= “ a! ik “ a Ps COP project and increased running costs explains this rise in support costs. The COP project depreciation ESS ese r ataas SangoCetraenaagentes ate Sat pee cee Srila el charge should be anticipated at similar levels in future years as COP additions are depreciated. The COP project weeae Is considered by the Trustees to be solely for the purpose of enhancing the delivery of the church's charitable $4 efTee! cDi gePl mine Pya1puy Mest-apg— =% oaks7 Rad th) . AL Sane At ges haere, { ilies vy oo ome objectives. - Structure, governance and management Tett sdfor ats berna Neng- wae tines 1] Wisbeats; use a. = Constitution WapLag ‘ : 7 ng te b alta * Fisherwick Congregation of The Presbyterian Church in Ireland is a registered charity, number NICi 04366, and hd ¥ _. <2 ns : . ae ah, ave is constituted under a Trust deed. ——) ete rea eee a anteP= “ eto,bays ~ee- RSeteLe ¥RES¢ =S nee Oe f . adern 8 ats, ie call hea7 - eer. “aa?ahs‘ SeTo DEYaJ _ = ‘lai b. Methods of appointment or election of Trustees zy 5i Tiny! adYet A ar Lae7) iaalaei achge“Eth aS"REegaI «- = ~ a, 2° — ee The management of the charity is the responsibility of the Trustees who are appointed under the rules and Meee — hd ~ Ty ef IN Sey ey ta fie Toes ie Riaheer guidance outlined in 'The Code', which is the Constitution and Government of the Presbyterian Church in Ireland' nieTye2 ‘By Se Pope 5 Niet‘ta eM= AAPeetestese N Bea a e :d ae "= foe ie oe fea leah published by the authority of the General Assembly in 1980, reprinted with amendments 1992, reprinted with nate4; eryPeeters,ay ae Spelshy Pa DIRE > V r”R e Raebr N e ea haseS peped aire3 CAA ineSBSSeSprtA alh,Nee Sh hey diem,REEMA. neMs amendments 1997, reprinted with amendments June 2019 and 2020. @wrbe sel)Va capa,wy a esguaesit ir Ne SeB ei encNatlvy. e astelltwh en sratA axiek e HopeseteS oba eo: ge we ge te —t = . » 2 2 . c. Organisational structure and decision-making policies Mae al Sc geste te eePapaLonemy, We: ptePare MattePar - PALES:A Sandie > a 7 i wa: Be. Pio,- = The Kirk Session has the spiritual oversight of the congregation and, as elders{f rustees, is also responsible for 7 Aa Se RE ma the tinancfal aspects of church life. The Congregational Committee has responsibility for the upkeep of the cng bela he orerestan it wageparnist e te ames RA building, general management, and operational financial planning on behalf of the Kirk Session. The elders are a . at 7 aaa dot th Bie an aed Ca Se ty : 3 N et 8 fen s Me SAE & i ARGS ex officio members of Congregational Committee, so the two bodies work together. Both the Kirk Session and Mh PrAa[EE] weak aceface ee eaee[es][ Nag] ch[Bel] tap% Fon[Soe] aaaMet[ee] Veale“gd h awtOteam antTintsge edetonoS< Edie‘ire the Congregational Committee have a series of 'Ministry Responsibilities' and 'Subgroups' which look after . sy ae$5 tiseCg rie a Se specific areas covering all spiritual and operational matters. During the past year, these groups and committees geese ee gry have continued to meet in person (when possible) and on zoom .. We also have a great team of employed staff onan7 Tegal pest one ‘PE aie Ky * Reng Et: ay Poe BoM wae aye CeeRAMOS cpeet aebe2 ae Feseyseu (aces Ree foanton ae eeeae eb with defined delegated roles. ine eg eS iea sa tevae aa he owe haf SA Facer tne Mandy Smite ok
‘ite Page 7
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Structure, governance and management (continued)
d. Vision statement - Fisherwick's values
Fisherwick holds fast to the central beliefs of Christianity as stated (and often used at Communion services) in the Apostles' Creed, which states
I believe in God, the Father almighty, creator of heaven and earth. I believe in Jesus Christ, his only Son, our Lord. He was conceived by the power of the Holy Spirit and born of the virgin Mary. He suffered under Pontius Pilate, was crucified, died, and was buried. He descended to the dead. On the third day he rose again. He ascended into heaven and is seated at the right hand of God the Father. He will come again to judge the living and the dead. I believe in the Holy Spirit, the holy catholic Church, the communion of saints, the forgiveness of sins, the resurrection of the body and the life everlasting.
As a member church of the Presbyterian Church in Ireland we hold that 'the Word of God as contained in the scriptures of the Old and New Testament is the only infallible rule of faith and practice and the supreme standard of the Church'.
We support and adhere to the Presbyterian form of Church Government and we seek to play our part in the wider church.
At the heart of Fisherwick's own distinctive values is a heritage, a passion and vision which can be summed up in the following statement:
HThe Whole Gospel, for the Whole Person, within the Whole Church, in the Whole World'.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Northern Ireland requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SOAP (FAS 102);
-
make judgments and accounting estimates 'that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FAS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sutticient to show and explain the Charrty's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008,
They are also responsible for safeguarding the assets of the Chartty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Pages
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Approved by order of the members of the board of Trustees on 22 March 2022 and signed on· their behalf by:
Linda Little {Trustee)
Page 9
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND im re +e = Nd oq ay
INDEPENDENT EXAMINER'S REPORT Att? FOR THE YEAR ENDED 31 DECEMBER 2021 aS 1a go sat Smee = sf >
See Independent examiner's report to the Trustees of Fisherwick Congregation of The Presbyterian SE Na ae Reel - ore ee a LS x LP * iow oh , A Church in Ireland Rr pie SPR IPRLES eet eS I report on the financial statements of the charity for the year ended 31 December 2021 which are set out on pea ee bte - vor rh eae es eh ee ee ‘04 Waa pages 12 to 31 . “ere : or[lt] eS ~ Ps. % — Ar) ebay ind Respective responsibilities of charity Trustees and examiner a[et] a DAs Tike se | Loti EAPF. Tat oeoh hd ye ; esiSMe : | J, As the charity's trustees you are responsib'le for the preparation of the accounts in accordance with the Charities POR, EES Spee eas Siac peatibe da oioy Ma Semen 18 co ae NnSUS Act (Northern Ireland) 2008. Byee Art SeeeSlyee2a)a Seeh aieBsoesLAcaerao soa geebe aetlaia Adeeeeeee a peF& (SeBeea |1ey ncabthe‘“< Sic9 3 -: 7. « ene, . a It is my responsibility to: = = Soe • examine the accounts under section 65 of the Charities Act; Z 4 Fr - a ; AS - -_ 9 a a • folfow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) ot pak Mian heeyBPA ra atest stata ee, Ee TS i « -eeww BRIEREPNG Sot Mbp ERMee of the Charities Act; and i ape ees ee ee ~< & 5 • ses, fewer, wan =" , '. feasts iow j state whether particular matters have come to my attention. “AapeSSIRIDatsts WISE Ry Basis of independent examiner's statement eee os Ses cehectaty _ a Te I have examined your charity accounts as required under section 65 of the Charities Act and my examination OE,Ar Shik, serumFeetie cantMeda t Raaa wy e's achat gt Seta aaa etemant Ipoh _ a ; 4 x Ly pe a5: Seis s 4 ret ae ‘7 who /e ye AER was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland ss se Hee PNT eee ay aee ede ame under section 65(9)(b) of the Charities Act. ee a Se aces ag Misi Mobeni, My examination Included a review of the accounting records kept by the charity and a comparison of the ‘cikap statatyesPy oe Se St Bae ie rae eet accounts presented with those recotds. It also includes consideration of any unusual items or disclosures In the accounts, and seeking explanations from you as charity trustees concerning any such matters.[Aree.][he][P] [e][eee] Unive aindtiy ah Aare ag eel 2, ae he * ESEaT.Ragesie[Bas] tA[ bes] PRESR J ‘wl reeaere ptyis=Ref urFey4 apiace¥ UEa eeoe e e ae », ev. eee iY, : raat My role is to state whether any material matters have come to my attention giving me cause to believe: pay gt tants o eeee eh e sed gh oean, 1. that accounting records were not kept in accordance with section 63 of the Charities Act; bartRi RR OER ay RICLik A[PILLS] Sanibstnisntenete[A] no catedalt OE, ee 2. "ie. that the accounts do not accord With those accounting records; to Pe oa a Die ty ‘' * mab any ear 4d tee ge he se > _ F 3. that the accounts do not comply with the accounting requirements of the Charities Act; aa: Aa Mea Vy pein 4. that there is further information needed for a proper understanding of the accounts to be reached. at oFeSbau T85 . nySeay * 7 < a ‘atkRESOi es Lasas ek eeeae atei TyeIet 9 Pn warieep| ca ald i. A a Sher ly eee Kad Ren RN so #2 My eRe Se Ti Independent examiner's statement i] ver nteekt ea Sates A hee wien tye — ae lehSo vsea =a a a ae Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can ge ePID th oe Otte noRiera | 4u4 Hb Seferaiere edWEE Peotoo, Ue My confirm that I am qualified to undertake the examination because I am a registered member of (enter body here), Mri one gu Aeoe't esto pee Sr rls which is one of the listed bodies. Ses one,ne <d.! ys baeBine 'Wie arr-_-- 7atiaerBe race ne aEar ee Boe sat ee otkad “ Stag x ‘ I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in ae Festa ere a es datestN dag aRET PELE EAR enti girs s ree ay eat Re MM 9 HAH UR ERR aera connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters vet ees NE ae rege ibn Dhar ane ee ako ae that require drawing to your attention. = - j batu ogee sall ate te alll ery This report is made solely to 1he charity's Trustees, as a body, in accordance with section 65(3)(a) of the PPMOLARSRhee) toa Boh eninceas aS cures_ =SVTpd J me es)sie eerays etiamoe asty Faetroisaah wat TS e* eses5 Y a Charities Act (Northern Ireland) 2008 and regulations made under section 66 of that Act. My work has been Gece undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an eretge TS eTNp SEED ans ee Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or a pies Se catia apie Drastik assume responsibility to anyone other tllan the charity and the charity's Trustees as a body, for my work or for se[aaa] ecnACe aeAACESas a at Phun ¥ - - 1 7 Eoae this report. te IE SNPSNARE la,Aaa Vis ty
Page 10 ny RATS
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THEYEAR ENDED31DECEMBER2021
Signed: N
Michael Fitch
Dated: 22 March 2022 Chartered Accountants Ireland
UHY Hacker Young Fitch 27-29 Gordon Street Belfast BT1 2LG
Page 11
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Endowment | Restricted | Un restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2021 | 2020 | ||
| Note | £ | £ | £ | £ | £ | |
| Income and | ||||||
| endowments from: | ||||||
| Donations and legacies | 3 | 27,110 | 272,992 | 300,102 | 317.777 | |
| Investments | 4 | 593 | 13,137 | 13,730 | 9,268 | |
| Other income | 5 | 135,704 | (615) | 135,089 | ||
| Total income and | ||||||
| endowments | 593 | 162,814 | 285,514 | 448,921 | 327,045 | |
| Expenditure on: | ||||||
| Charitable activities | 6 | 788 | 203,709 | 267,566 | 472,063 | 432,250 |
| Total expenditure | 788 | 203,709 | 267,566 | 472,063 | 432,250 | |
| Net | ||||||
| (expenditure)/income | ||||||
| before net gains on | ||||||
| investments | (195) | (40,895) | 17,948 | (23,142) | (105,205) | |
| Net gains on | ||||||
| investments | 4,403 | 21,387 | 25,790 | |||
| Net | ||||||
| income/(expenditure) | 4,208 | (40,895) | 39,335 | 2,648 | (105,205} | |
| Transfers between | ||||||
| funds | 16 | (593) | 5,191 | (4,597) | ||
| Net movement in funds |
3,615 | (35,704) | 34,738 | 2,649 | (105,205) | |
| Reconciliation of | ||||||
| funds: | ||||||
| Total funds brought | ||||||
| forward | 37,045 | 2,871,486 | 501,297 | 3,409,828 | 3,515,033 | |
| Net movement in funds | 3,615 | **(351704) ** | 34,738 | 2,649 | (105,205) | |
| Total funds carried forward |
40,660 | 2,835,782 | 536,035 | 3,412,4n | 3,409,828 |
The Statement of financial activities includes all gains and losses recognised ln the year.
The notes on pages 14 to 32 form part of these financial statements.
Page 12
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
BALANCE SHEET AS AT 31 DECEMBER 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 11 | 2,268,975 | 2,740,782 | ||
| Investments | 12 | 226,178 | |||
| 2,495,153 | 2,740,782 | ||||
| Current assets | |||||
| Debtors | 13 | 42,042 | 46,668 | ||
| Cash at bank and in hand | 894,470 | 672,015 | |||
| 936,512 | 718,683 | ||||
| Creditors: amounts falling due within one year |
14 | {19,188) | (49,637) | ||
| Net current assets | 917,324 | 669,046 | |||
| Total assets less current liabilities | 3,412,4TT | 3,409,828 | |||
| Net assets excluding pension asset | 3,412,477 | 3,409,828 | |||
| Total net assets | 3,412,477 | 3,409,828 | |||
| Charity funds | |||||
| Endowment funds | 16 | 40,660 | 37,045 | ||
| Restricted funds | 16 | 2,835,782 | 2,871,486 | ||
| Unrestricted funds | 16 | 536,035 | 501,297 | ||
| Total funds | 3,412,4TT | 3,409,828 |
The financial statements were approved and authorised for issue by the Trustees on 22 March 2022 and signed on their behalf by:
Peter Little (Trustee) (Trustee)
The notes on pages 14 to 32 torrn part of these financial statements.
Page 13
- FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND F j,i ~ eete1s= araat F< (3achre.Actsrxer etaae srt-ia[f8.] - Wexiear:H hs’-ARLE= ~ = prieehe =al = mete ly NOTES TO THE FINANCIAL STATEMENTS 7 ; eran en See FOR THE YEAR ENDED 31 DECEMBER 2021 i‘ ae suratmotbobopealAyesmie’ a; aSLE,-" Sue4 _Palms—r ee on 1. General information P Fisherw1ck Congregation of the Presbyterian Church in ·Ireland is an unicorporated Charity, registered with 5 at. PL HST=inry — Uathae-<€avi fife a Aa oners ty® Sete WaT ar the Charity Commission for Northern Ireland under registration number NIC:104366. esei\ Gorea=. _ A a = NR, ON Abst os at , 4% tx,ahd 5DJ. The Charity is reglstered in Northern Ireland with principal offices at 2 Chlorine Gardens, Belfast, BT9 BealeRe: capeTod Les ain ten BAS <Hate IBES ‘a ¥ Rt 7 .akmr= Pasegl» (ieASG—-_ Be eeia iat!coke ON aaa <s pec espe ceaot re= 7 2. Accounting policies Pts iho-3, 2.1 Basis of preparation of financial statements Sgtwir de ’ rly The financial· statements have been prepared in accordance with the Charities SORP (FRS 102) - SEM, en 1 ee oF i Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities nae preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK ae and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard | ) oy. Atves : 0 er applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act (Northern Ireland) 2008. Vie ars ae Borie at oy eure eee letnal sighs:capesvay GOT we Fisherwick Congregation of The Presbyterian Church in Ireland meets the definition of a public apes ‘Peas ee PeRs:oer gee oa ree e aeoe benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or eee e tn = shyaewotigoeas7%, i330)Reabive “res transaction value unless otherwise stated in the relevant accounting policy. Banspa e pea BaaReartan Se ° aSear: YS" prawapr te seersapo 2.2 Income » or All income is recognised once the Charity has entitlement to the income, it is probable that the Mpa F income will be received and the amount of income receivable can be measured reliably. gee “as The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of rosy an et ‘et Pascenslero entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to tee Saves aon — ™ oe be , - — es!tied at eas them (through knowledge of the existence of a valid will and the death of the benefactor) and the esar a ae S e erticyey, ASO Teees aR executor is satisfied that the property in question will not be required to satisfy claims in the estate. Perce tas os ea Receipt of a legacy must be recognised when it is probable that it will be received and the fair value eeeeaeneSeat fata rasReesBaal. ee ~as ‘ a s of the amount receivable, which will generally be the expected cash amount to be distributed to the t f “Fesh ; asee“%a. vasmae Wdfeis= Ssva eC= pare s 2%whyMitre—_—oNeat ‘eoets tay-ome oo} maaeeea Te ae e e . 7 er utTPettSac3 FS3bug Charity, can be reliably measured, ae(Madey thee:Pet pave6 ee7 he RS n ae Pag actt voy Pes tare oS eM y. Aa a ae ap 7 Grants are included in the Statement of financial activities on a receivable basis, The balance of E nat ap, 24 - res income received for specific purposes but not expended during the period is shown in the relevant A etme SA ibe ae<=es oe aex ieee rf funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its Hse S. brteas ice Aas ” ra PS Po nf Oo before income is received, the income is accrued. recognition is deferred and included in creditors as deferred income. Where entitlement occurs . a AdeDothe rac!ah ear4 oy!eeand2= as[a] aei nih oBa oea es t ,Eeewostyast abateseesry ree)ES ererees' iets econaa es < pena:. . i eet ‘r J 2.3 Expenditure . be aat - , F a py : - — "= r. We Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit eek vm aa ee ne a Lr fs ; Oe— 5..2- 3 to a third party, it is probable that a transfer of economic benefits will be required in settlement and i the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs yy POPS tineBa: e 7 of each activity are made up of the total of direct costs and shared costs, including support costs A “4 iss¥;" mae nae eelsaa - 7 = peeka arhei seekeever ys ,feta =a a involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly ms A .- hgh. a 7 ‘PAToAlHis, oy at wes to that activity. Shared costs which contribute to more than one activity and support costs which are realtcea. + si War e : Bea lee aa not attributable to a single activity are apportioned between those activities on a basis consistent with cae(0 = rSe a ge :eRtJR As xy ahAesave be! oe “ \s Pept \iy ‘ Saiee. oh SS the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation rhe aj Lut i ‘.et)Sa 1kat yhot ; . neaeaa eLoe a y e e e Dal ae, eaea) Gea a charges allocated on the portion of the asset's use. SNC oS Riewy, heat styes pracywali a Phe 5: eos.vay S.a y<o o r* am R257,as vases4" Expenditure on charitable activities is incurred on directly undertaking the activities which further the me VA oe Peiaa? ~u Be ! Senecerce, desiee sae a < acdins,el ig Sieagl; +o Renswits Me aoe bat Charity's objectives, as well as any associated support costs. | HhoSpe ¥ rth Rs inte asNievereethh 2
Page14
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELANO me My 5 SanLye! ena the ane AN age mii naa ae £ PPE e IS Tetra ghee S
oe NOTES TO THE FINANCIAL STATEMENTS Seda putters ene ARTE FOR THE YEAR ENDED 31 DECEMBER 2021
2. Accounting policies (continued)
2.3 Expenditure (continued) ipsPESTS
= All expenditure is inclusive of irrecoverable VA oe af aa + -_ _ i 124 a oS T.
ielel Vee ed oe 2.4 Government grants
Se Government grants relating aeee ee eo to aN tangible fixed assets are treated as deferred income and released to Oe pee tony eens ae ees od [oem Sepa the Statement of financial activities over the expected useful lives of the assets concerned. Other ar oeee Piah eS i YA Eire grants are credited to the Statement of financial activities as the related expenditure is incurred. ee ealEgNO[=][Ris] PiLea! Ma-h | pesta tes. Targa| eA> a reteeer[yet][ sss] =es[ eeoreihs] ee.eee[ Ret] -[ Rie] - ry 2.5 Tangible fixed assets and depreciation P. r at a - » . Ne ay : + aa ee - i Tangible fixed assets costing £250 or more are capitalised and recognised when future economic “Wet benefits are probable and the cost or value of the asset can be measured reliably. has So peedRe Me Nees * Pails eet eel it earn Ee See LisBaP TT Be aoe a! PieBate, Balle ou ee 1 inectely[ Shwe] yo a Cea[be][eranaierise] i ST Te OE STM[te] ser ee bey a ied « ae ee oe ows re a way : “ + a - -” f =e A . o> Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible er,3Se ROHR aT[oe] fixed assets are measured at cost less accumulated depreciation and any accumulated impairment Ditines Oe SN Re ere be ge Si Tere cat eet losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be Smeeoa Med etme eens Cee aren included in the measurement at cost. : a fs sashes Saad AERA ia » < ; r Dl ai f "s - a ae Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value OR Sah Stha ie hema bYek Be }‘Pee over their estimated useful lives, using the straight-line method. saenetste esMipeSyYo stpeiesedations=H eines:ule Se PRTBe ow Leite Pa Saapa El TARGA Depreciation is provided on the following SETI bases: Long-term leasehold property - Measured at fair value pile ed PN Oh ERE - Sas ee aysThen Other fixed assets Fixtures and fittings er hte Letheae aie daykoy: bs + RSEhar - Depreciated straight line over 4 yearsDepreciated straight line over 10 years ESSf i 3 ertto arescians) r hey ra SAP tia | 3 a= Fe tian pt ‘ e 5 5? Rag’ ay: > hye mt ‘ gh hae? Ae mel Co Ve ye evs ov ery 2.6 Investments Gots —s rae Ce Soe 4, ; Toh Fixed asset investments are apes, yecctornre! a form of financial instrument and are initially recognised at their ee transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value Sean) wnt Syerth, gangMes Bw a met yahtv: —- ir? Leg aan Toe . ae 268 °enerae Perata; ay age ais eM RTD-s. P * ee! z | oe rt, inna cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gains/(Losses) on tetas wt int og ey Ca wie ms tt aN a Pe re % ar Maat Seal Zi ee Ste A Wh Investments' in the Statement of financial activities. Sadr proy Ciba ota creat on5pariat Sartre Gea ear ok Maree ocraL Ray 2.7 Debtors eas pooh Bee rae] © a iPad ‘cat - S tes 4 re eres ite On nae at: , Trade and other debtors are recognised at the settlement amount after any trade discount offered. = bye pis TO Prepayments are valued at the amount prepaid net of any trade discounts due. was Sea oe eats in Kvercsl ese eR sroder 2.8 Cash at bank and in hand a eg 2 ie’ a P , ’ Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity[a][hie] ASiracty of three months or less from the date of acquisition or opening of the deposit or similar account. AV ge” fats SpamPar cetteatgeag reMaantee Readaar; Sete Rr oamortao ae reasovata[b] 9 SPREMA APE edeeeTeegeei=.[=]
2.9 Liabilities and provisions TERE rl Se Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount Seet aASRC Vie eek we nemesr[aL] a of the settlement can be estimated reliably. <0 ALY 4,1 fine mF oree. <7 - a is = pede ee iv eet aPinssitee pie" Pi sjaie me| ste~eo"aa Pee : fe Se5 eet< et Aaah ee ERMaye Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the Seas eee ga cBg Se ast ic tetera FARie fine’ $4 i: amount it has received as advanced payments for the goods or services it must provide. pieBeaSNtant s A refa t e OERaeMT SicoF x FochMORO eek UnatinsAoE“SpaaTs toy Wey
Page 15
EERE FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND « Hep! +s,Bartie8.a yin,@, dm. aayLaon”RSE3 eypteSinnparrNa-,. aan fd .=Seoe-_.,BROes - c AS
ie a, et i oe pS Sper NOTES TO THE FINANCIAL STATEMENTS ss Bree eee Soe FOR THE YEAR ENDED 31 DECEMBER 2021 ee oe aie Ae et ee
ee,Re 2. a Accounting policies (continued) eeee aee 2.10 Financial instruments c The Charity only has financial assets and financial liabilities of a kind that qualify a,s basic financial mR PICs Ni aa! frp maihy Wace ihe ie fet ot ae oA a4 it Ro instruments. Basic financial instruments are initially recognised at transaction value a,nd subsequently Beane measured at their settlement value with the exception of bank loans which are subsequently ML[Ps] . measured at amortised cost using the effective interest method. oa ner : AE Ce,fee[Nae][ mex] nse[St][tS] ye roan t e eeyas,pemaderbays ae[Pea] eat Se a aie > Ce[ay] BgMe ee: er Nem adi Ee 2.11 Pensions se oesalt 2.12 Fund accounting General funds are unrestricted funds which are available tor use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other ae SE Oe hig ES eee ae et We eer at re She purposes. ite oS Opn< me NERC ea ean thee ee Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular ees ee ae[ee][ee] ated purposes. The aim and use of each designated fund is set out in the notes to the financial Bt Rhee ay _& ahiPe eae ion cts[3] statements. ae!—a a XaGER et oa ieesrteh. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and[arses] ) rere administering such funds are charged against the specific fund. The aim and use of each restricted an fund is set out in the notes to the financial statements. =fHee reer[ethene] pe oe cut anety sca cere a Minha AS Vege oy Sand aby! o ‘>A ie 7. i a i r # ; = Investment lncome, gains and losses are allocated to the appropriate fund. BeRS eee> etSHORE— Y Rea 7pagel aeey |\ i
Page 16
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
- Income from donations and legacies
| Restricted Unrestricted | Restricted Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Donations | 27,110 | 258,936 | 286,046 |
| Legacies | 10,000 | 10,000 | |
| Grants | |||
| Coronavirus job retention scheme grants | 4,056 | 4,056 | |
| 27,110 | 272,992 | 300,102 | |
| Restricted funds |
Unrestricted funds |
Total funds |
|
| 2020 | 2020 | 2020 | |
| £ | £ | £ | |
| Donations | 58,014 | 237,636 | 295,650 |
| Grants | 13,710 | 13,710 | |
| Coronavirusjobretention schemegrants | 8,417 | 8,417 | |
| 58,014 | 259,763 | 317,777 |
4. Investment Income
| Endowment | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Rental income from Church properties | 7,785 | 7,785 | |
| Bank interest received | 33 | 2,397 | 2,430 |
| Dividends received | 560 | 2,955 | 3,515 |
| 593 | 13,137 | 13,730 |
Page 17
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
4. Investment income (continued)
| Endowment | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2020 | 2020 | 2020 | |
| £ | £ | £ | |
| Rental income from Church properties | 6,299 | 6,299 | |
| Bank interest received | 246 | 2,519 | 2,765 |
| Dividends received | 204 | 204 | |
| 246 | 9,022 | 9,268 |
5. Other incoming resources
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| f nsurance claims | 1,340 | 1,340 | ||
| ProfiV(loss) on disposal of fixed assets | 135,704 | (1,955) | 133,749 | |
| Total 2021 | 135,704 | (615) | 135,089 |
6. Analysis of expenditure on charitable activities
Summary by fund type
| Endowment | Restricted | Unrestricted | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2021 | |
| £ | £ | £ | £ | |
| Advancement of the Christian Religion | 788 | 203,709 | 267,566 | 472,063 |
| Restricted funds |
Unrestricted funds |
Total funds |
||
| 2020 | 2020 | 2020 | ||
| £ | £ | £ | ||
| Advancement of the Christian Religion | 195,614 | 236,636 | 432,250 |
Page 18
F"ISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
7. Analysis of expenditure by activities
| Activities | |||
|---|---|---|---|
| undertaken | Support | Total | |
| directly | costs | funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Advancement of the Christian Religion | 187,392 | 284,670 | 472,062 |
| ——————————— | |||
| Activities | |||
| undertaken | Support | Total | |
| directly | costs | funds | |
| 2020 | 2020 | 2020 | |
| £ | £ | £ | |
| Advancement of the Christian Religion | 186,413 | 245,837 | 432,250 |
Analysis of direct costs
| Advancing | Total | |
|---|---|---|
| Christianity | funds | |
| 2021 | 2021 | |
| £ | £ | |
| Earl Haig Fund | 329 | 329 |
| Other Charitable Donations | 240 | 240 |
| Fundraising costs | - | - - |
| Pulpit Supply | 1,898 | 1,898 |
| Moderators, United, Students Bursary and World Development Appeals | 18,944 | 18,944 |
| PCI Assessments | 19,901 | 19,901 |
| Staff Training | 600 | 600 |
| Charitable Gifts | 21,679 | 21,679 |
| Presbyterian Women | 2,000 | 2;000 |
| Sunday School | 165 | 165 |
| General Ministry Activities | 7,900 | 7,900 |
| Convener's Fees | 7,474 | 7,474 |
| Youth/Student/Summer Club Ministry | 2,938 | 2,938 |
| Staff costs | 103,324 | 103,324 |
| 187,392 | 187,392 |
Page 19
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRE.LAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
7. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Advancing | Total | |
|---|---|---|
| Christianity | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Earl Haig Fund | 175 | 175 |
| Other Charitable Donations | 500 | 500 |
| Fundraising costs | 210 | 210 |
| Welcome Centre Outreach Costs | 274 | 274 |
| PUipit Supply | 438 | 438 |
| Special Events | 375 | 375 |
| Moderators, United and World Development Appeals | 18,268 | 18,268 |
| PCI Assessments | 21,811 | 21,811 |
| Staff Training | 1,584 | 1,584 |
| Magazine and Publications | 553 | 553 |
| Charitable Gifts | 12,430 | 12,430 |
| Wednesday Club | 350 | 350 |
| Presbyterian Women | 1,820 | 1,820 |
| Sunday School | 66 | 66 |
| General Ministry Activities | 9,549 | 9,549 |
| Conveners Fees | 11,324 | 11,324 |
| Youth/StudenVSummer Club Ministry | 728 | 728 |
| Staff costs | 105,958 | 105,958 |
| 186,413 | 186,413 |
Page 20
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
7. Analysis of expenditure by activities (continued)
Analysis of support costs
| Advancing | Total | |
|---|---|---|
| Christianity | funds | |
| 2021 | 2021 | |
| £ | £ | |
| Heat & Light | 23,022 | 23,022 |
| Insurance | 11,666 | 11,666 |
| Miscellaneous and S1aff Expenses | 629 | 629 |
| Telephone&Internet | 3,570 | 3,570 |
| Rent&Rates | 1,371 | 1,371 |
| Printing, Postage, Stationery&Church Envelopes | 2,959 | 2,959 |
| Assembly, Presbytery & Synod Fees | 2,044 | 2,044 |
| Repairs - Church&Equfpment | 6,339 | 6,339 |
| Repairs - Halls | 15,282 | 15,282 |
| Copyright Licences | 1,072 | 1,072 |
| Cleaning Materials | 2,863 | 2,863 |
| Catering/Hospitality Costs | 1,825 | 1,825 |
| Computer Costs | 4,619 | 4,619 |
| Banking Charges | 307 | 307 |
| Professional Fees | 660 | 660 |
| Worship Resources | 483 | 483 |
| Investment Charges | 4,613 | 4,613 |
| Depreciation | 186,731 | 186,731 |
| Governance costs | 14,616 | 14,616 |
| 284,671 | 284,671 |
Page 21
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
7. Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
----- Start of picture text -----
|||||
|---|---|---|---|
|Advancing|Total|
|Christianity|funds|
|2020|2020|
|£|
|Heat & Light|19,547|19,547|
|Insurance|8,665|8,665|
|Miscellaneous and Staff Expenses|748|748|
|Telephone & Internet|3,511|3,511|
|Rent & Rates|2,889|2,889|
|Printing, Stationery & Postage|2,783|2,783|
|Assembly, Presbytery & Synod|2,227|2,227|
|-|
|Repairs|Church & Equipment|10,508|10,508|
|Copyright Licences|964|964|
|Cleaning Materials|2,684|2,684|
|Catering/Hospitality|129|129|
|Computer Costs|2,712|2,712|
|Banking Charges|274|
|Professional Fees|444|444|
|Worship Resources|232|232|
|Depreciation|181,532|181,532|
|Governance costs|5,988|5,988|
|245,837|245,837|
|274|
----- End of picture text -----
8. Independent examiner's remuneration
----- Start of picture text -----
||||
|---|---|---|
|2021|2020|
|t|£|
|Fees payable to the Charity's independent examiner for the independent|
|examination of the Charity's annual accounts|2,350|
|Fees payable to the Charity's independent examiner in respect of:|
|All other services not included above|3,730|3,580|
|2,240|
----- End of picture text -----
Page 22
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
9. Staff costs
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 96,719 | 101,977 |
| Social security costs | 1,490 | 1,203 |
| Contributton to detrned contribution pension schemes | 5,116 | 2,779 |
| 103,325 | 105,959 |
The average number of persons employed by the Charity during the year was as follows:
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Minister | 1 | 1 |
| Staff | 6 | 7 |
| 7 | 8 |
No employee received remuneration amounting to more than £60,000 in either year.
1 Trustee received reimbursement of expenses amounting to £8,536 (2020 : £168).
10. Trustees' remuneration and expenses
During the year, one Trustee (Rev Andrew Galbraith) has been paid remuneration in his capacity as a Minister of Religion. Such remuneration is common for similar churches and charitable organfsatfons ‘ The value of Trustees' remuneration and other expenses is disclosed in note 20 to the accounts.
During the year ended 31 December 2021, expenses totalling £8536 were reimbursed or paid directly to Mr Rev Andrew Galbraith, a Trustee (2020 - £168 to Mr Rev Michael Anderson), a Trustee.
Page 23
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
11. Tangible fixed assets
| Church | Long-term | |||
|---|---|---|---|---|
| buildings | leasehold Fixtures and | leasehold Fixtures and | ||
| and manse | property | fittings | Total | |
| £ | £ | £ | £ | |
| Cost or valuation | ||||
| At 1 January 2021 | 1,350,000 | 1,768,262 | 26,958 | 3,145,220 |
| Additions | ~ | 67,478 | - | 67,478 |
| Disposals | {350,000) | (5,110) | (355,110) | |
| ~~ne~~ee | ee | |||
| At 31 December 2021 | 1,000,000 | 1,835,740 | 21,848 | 2,857,588 |
| Depreciation | ||||
| At 1 January 2021 | - | 392,394 | 12,043 | 404,437 |
| Charge for the year | - | 183,574 | 3,156 | 186,730 |
| On disposals | - | - | (2,555) . |
(2,555) |
| At 31 December 2021 | - | 575,968 | 12,644 | 588,612 |
| Net book value | ||||
| At 31 December 2021 | 1,000,000 | 1,259,772 | 9,204 | 2,268,976 |
| At 31 December 2020 | 1,350,000 | 1,375,868 | 14,914 | 2,740,782 |
The interests in the properties owned and occupied by the Charity were valued by external valuers, Natalie Clarke Residential on 31 st January 2018, as at 31 st December 2017 and 31 st December 2016 on the basis of Fair Value. Fair Value is the amount for which an asset could be exchanged between knowledgeable, willing parties on an arm's length basis in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (FRS 102) and the Charities SOAP 2015 (SOAP 2015)
Page24
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
12. Fixed asset investments
| Unlisted | |||
|---|---|---|---|
| investments | |||
| £ | |||
| Cost or valuation | |||
| Additions | 200,388 | ||
| Revaluations | 25,790 | ||
| At 31 December 2021 | 226,178 | ||
| Net book value | |||
| At 31 December 2021 | 226,178 | ||
| 13. | Debtors | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Due within one year | |||
| Church debtors | 2,893 | 1,600 | |
| Other debtors | 25,372 | 29,158 | |
| Prepayments and accrued income | 13,7TT | 15,910 | |
| 42,042 | 46,668 | ||
| 14. | Creditors: Amounts falling due within one year | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Church creditors | 4,501 | 3,262 | |
| Other taxation and social security | 906 | 316 | |
| Other creditors | 361 | 505 | |
| Accruals and deferred income | 13,420 | 45,554 | |
| 19,188 | 49,637 |
Page 25
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
15. Financial instruments
| 2021 | 2020 | |
|---|---|---|
| £. | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 1,120,648 | 672,015 |
Financial assets measured at fair vafue through income and expenditure cornprise cash at bank and in hand and fixed asset investments.
Page26
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
16. Statement of funds
Statement of funds - current year
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | Gains/ | December | |||
| 2021 £ |
Income £ |
Expenditure £ |
in/out £ |
(Losses) £. |
2021 £ |
|
| Unrestricted | ||||||
| funds | ||||||
| Designated | ||||||
| funds | ||||||
| Property Fund | 124,295 | (308) | (22,186) | 12,042 | - | 113,843 |
| Benevolent Fund | 706 | 631 | (450) | ~ | - | 887 |
| Flower Funds | 207 | 50 | - | - | - | 257 |
| Montgomery | ||||||
| Fund | 12,714 | (4,200) - - - |
8,514 - - |
|||
| PW Fund | 1,928 | 649 | (2,000) | 2,106 | - | 2,683 - |
| PW Funeral | ||||||
| Funds | 710 | - - - - |
710 | |||
| Sunday School | ||||||
| Fund | 356 | (165) - - - |
191 - - |
|||
| Wednesday | ||||||
| Club Funds | 222 | 177 | (347) | - | - - |
52 - |
| Missions & | ||||||
| Outreach Fund | 115,749 | = | (14,506) = |
13,041 = |
=- | 114,284 - |
| Church Organ | ||||||
| Fund | 386 | 664 | 1,050 - - - |
|||
| Donations to | ||||||
| Ministries Fund | -- | 8,312 -- |
(6,846) -- |
(1,216) -- |
-- | 250 -- |
| 257,273 | 10,175 | (50,700) | 25,973 | 242,721 | ||
| General funds | ||||||
| General account | 34,029 | 265,339 | (213,041) | (30,570) | 55,757 | |
| Sundry bequests | ||||||
| and gifts | 209,995 | 10,000 | (3,825) | - | 21,387 - |
237,557 - |
| 244,024 | 275,339 | (216,866) | (30,570) | 21,387 | 293,314 | |
| Total | ||||||
| Unrestricted | ||||||
| funds | 501,297 | 285,514 | (267,566) | (4,597) | 21,387 | 536,035 |
| Endowment | ||||||
| funds | ||||||
| Waddell Trust | ||||||
| Fund | 7,045 | 82 | (113) | (86) | 629 | 7,557 |
Page 27
FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
16. Statement of funds (continued)
Statement of funds - current year (continued)
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||
| January | Transfers Gains/ December |
||||
| 2021 | Income | Expenditure | in/out (Losses) 2021 |
||
| £ | £ | £ | £ £ £ |
||
| Pattison Fund | 30,000 | 511 | (675) | (507) 3,774 33,103 |
|
| 37,045 | 593 | (788) | (593) 4,403 40,660 |
||
| ~~TUT~~ | ~~TITIES~~ | ~~ooo~~ | |||
| Restricted | |||||
| funds | |||||
| Existing Property | |||||
| Value | 1,350,000 | 135,704 | 1,485,704 - - - |
||
| Building | |||||
| Improvement | |||||
| Fund COP | 1,375,868 | (183,573) | 67,478 1,259,773 |
||
| COP Community | |||||
| Outreach Project | 111,456 | 49 | {72,478) 39,027 - - |
||
| Moderator's | |||||
| Appeal | 188 (188) - - - |
||||
| PW Appeal | 2,106 (2,106) - . - - |
||||
| United Appeal | 2,387 (14,684) 12,297 - - - |
||||
| World | |||||
| Development | |||||
| Appeal | 3,373 (3,373) - - - . |
||||
| Earl Haig Appeal | 329 (329) - - - - |
||||
| New Minister | |||||
| Fund | 34,162 | 17,116 | - | s1,21a - - - |
|
| Special Appeal | |||||
| Student Bursary | 700 (700) - - - - |
||||
| Special Appeal- | |||||
| MacMillan | 619 (619) - - - - |
||||
| Special | |||||
| Collection | |||||
| Christian Aid | - | 243 | (243) | - - - |
|
| 2,871,486 | 162,814 | (203,709) | 5,191 2,835,782 |
Page 28
FISHERWICK CONGREGATION OF THE. PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
16. Statement of funds (continued)
Statement of funds - prior year
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | 31 | ||||
| 1 January 2020 |
Income | Expenditure | Transfers in/out |
December 2020 |
|
| £ | £ | £ | £ | £ | |
| Uprestricted funds | |||||
| Designated funds | |||||
| Property Fund | 124,592 | 500 | (12,233) | 11,436 | 124,295 |
| Benevolent Fund | 663 | 167 | (125) | 705 | |
| Flower Funds | 207 | 207 | |||
| Montgomery Fund | 12,714 | 12,714 | |||
| PW Fund | 2,400 | 468 | (1,820) | 880 | 1,928 |
| PW Funeral Funds | 200 | 510 | 710 | ||
| Sunday School Fund | 551 | (195) | 356 | ||
| Wednesday Club Funds | 141 | 431 | (350) | 22 | |
| Missions & Outreach Fund | 134,596 | 4,433 | (20,646) | (2,632) | 115,751 |
| Church Organ Fund | 50 | 336 | 386 | ||
| 276,114 | 6,845 | (35,369) | 9,684 | 257,274 | |
| General funds | |||||
| General account | (13,973) | 261,941 | (201,267) | (12,673) | 34,028 |
| Sundry bequests and gifts | 209,995 | 209,995 | |||
| 196,022 | 261,941 | (201,267) | (12,673) | 244,023 | |
| Total Unrestricted funds | 472,136 | 268,786 | (236,636) | (2,989) | 501,297 |
| Endowment funds | |||||
| Waddell Trust Fund | 6,998 | 47 | 7,045 | ||
| Pattison Fund | 30,000 | 199 | (199) | 30,000 | |
| 36,998 | 246 | (199) | 37,045 | ||
| Restricted funds | |||||
| Existing Property Value | 1,350,000 | 1,350,000 | |||
| Building Improvement Fund COP |
1,535,622 | (116,826) | 17,072 | 1,375,868 | |
| COP Community Outreach | |||||
| Project | 120,277 | 18,251 | (27,072) | 111,456 | |
| Moderator's Appeal | 594 | {594) |
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FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
16. Statement of funds (continued)
Statement of funds - prior year (continued)
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | 31 | ||||
| 1 January | Transfers | December | |||
| 2020 | Income | Expenditure | in/out | 2020 | |
| £ | £ | £ | £ | £ | |
| PW Appeal | 880 | (880) | |||
| United Appeal | 2,734 | (16,802) | 14,068 | ||
| World Development Appeal | 873 | (873) | |||
| Earl Haig Appeal | 174 | (174) | |||
| Special Appeal - Open Doors | |||||
| Funds | 345 | (345) | |||
| New Minister Fund | 34,162 | 34,162 | |||
| 3,005,899 | 58,013 | (195,614) | 3,188 | 2,871,486 | |
| Total of funds | 3,515,033 | 327,045 | (432,250) | 3,409,828 |
17. Summary of funds
Summary of funds - current year
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | Gains/ | December | |||
| 2021 | Income | Expenditure | in/out | (Losses) | 2021 | |
| £ | £ | £ | £ | £ | £ | |
| Designated | ||||||
| funds | 257,273 | 10,175 | (50,700) | 25,973 | - | 242,721 |
| General funds | 244,024 | 275,339 | (216,866) | (30,570) | 21,387 | 293,314 |
| Endowment | ||||||
| funds | 37,045 | 593 | (788) | (593) | 4,403 | 40,660 |
| Restricted funds | 2,871,486 | 162,814 | (203,709) | 5,191 | - | 2,835,782 |
| 3,409,828 | 448,921 | (472,063) | 1 | 25,790 | 3,412,477 |
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FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
17. Summary of funds (continued)
Summary of funds - prior year
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | 31 | ||||
| 1 January | Transfers | December | |||
| 2020 | Income | Expenditure | in/out | 2020 | |
| £ | £ | £ | £ | £ | |
| Designated funds | 276, 114 | 6,845 | (35,369} | 9,684 | 257,274 |
| General funds | 196,022 | 261,941 | (201,267) | (12,673} | 244,023 |
| Endowment funds | 36,998 | 246 | (199) | 37,045 | |
| Restricted funds | 3,005,899 | 58,013 | (195,614) | 3,188 | 2,871,486 |
| 3,515,033 | 327,045 | (432,250) | 3,409,828 |
18. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Endowment | Restricted Unrestricted | Restricted Unrestricted | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2021 | |
| £ | £ | £ | £ | |
| Tangible fixed assets | 2,259,772 | 9,203 | 2,268,975 | |
| Fixed asset investments | 38,615 | 187,563 | 226,178 | |
| Current assets | 2,045 | 581,010 | 353,458 | 936,513 |
| Creditors due within one year | (5,000) | (5,000) (H,189) |
{19,189) | |
| Total | 40,660 | 2,835,782 | 536,035 | 3,412,477 |
19. Pension commitments
The charity operates a defined contributions pension scheme for its employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £2,237 (2020 - £2,506).
Contributions totalling £341 (2020 - £451) were payable to the fund at the balance sheet date and is included in creditors.
The Presbyterian Church in Ireland Pension Scheme (2009) Fund provides appropriate funds for the contributions to be made by the Presbyterian Church in Ireland to the Presbyterian Church in Ireland Pension Scheme (2009).
The property and assets of the Fund are held by the Trustees of the Presbyterian Church in Ireland. The Fund is made up of quarterly contributions assessed on the charity and other congregations which are determined annually by the General Assembly of the Presbyterian Church in Ireland. During the year, the charity made payments ot £2,879 (2020: £273) to the Fund. There were no contributions outstanding at the balance sheet date ln the current or prior year.
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FISHERWICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
19. Pension commitments (continued}
20. Related party transactions
Rev Andrew Galbraith, also served as a Trustee of the charity for part of the year.
Total remuneration in respect of Rev Galbraith is £23,409. This is made up as follows:
£8,536.
During the year Rev Galbraith was reimursed rental expenses in lieu of use of a Manse property which ts normally provided for Ministers and is common for similar churches and charitable organisations.
Rev David Gray, Convener, also served as a Trustee of the charity during the year. Rev Gray is paid a Convener's fee in this capacity. Total Convener's fees paid to Rev Gray in 2021 were £7,474 (2020: £11,324)
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