2022-12-31-accounts

THE GENERAL ASSEMBLY OF THE PRESBYTERIAN CHURCH IN IRELAND (Incoi'poi'ating the Finaiicial Statements of the Ti'ustees of the Presbyteiian Cliurch in li'cland) ANNUAL FINANCIAL REPORT for the ear ended 31 December 2022 The Presbytei"ian Churcli in Iieland Asseinbly Buildiiigs 2-1 O Fisherwick Place Belfast BTI 6DW Registei'ed Chal'ity in Noitliein Ii'eland (NIC104483) Registei'ed Chal'ity iii Republic of li'eland (20015695)

THE PRESBYTERIAN CHURCH IN IRE( LAND ANNUAL REPORT For the year ended 31 December 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Irisli Piesbytei'ianism has its oi'igins in Scottish migi'ations to Ulster in the early seventeentli centui-y. The first pi'esbytei'y was foimed in 1642 by chaplalns of a Scottish aimy, who had come to Ii'eland because of an Ii-ish Catholic rebellion. In spite of this and later Catholic uprisings and the hostility of the established Anglicaii Church, Piesbyteiianisni put down stroiig roots in Ii'eland before the eiid of the seventeenth centuiy. In the eighteenth centiiiy it was weakened by emigration to colonial America and by division ovei. subscription to the Westiniiistei" foi'mulaiies, whicli encouraged Scottish Covenantei's and Secedei's to foi'm congregations and pi"esbytei'ies in Ulstei. The iestoiation of subscription in 1835 led to uiiioii with the Secedei's iii 1840 to foi'm the General Assembly of the Presbyterian chui.ch in Ii'eland. Today the Iiisli Pi'esbytei'ian Chui'ch has 530 congl'egations in 19 piesbyteiies tlll'oughout Ii'elaiid with almost 200,000 members. The wold 'Presbyterian' desci'ibes tlie foim of oui. Chuich government wliich emphasises the iiidividual and coi'poi'ate responsibility of meinbers. Ministei's and Lneinbers sliaie in the oi'ganising ￿ld i'umiAng of every aspect of the Church's work. At a congregational level this nieans the pi'ovision of worship aiid teaching along with pastoi'al cal'e while the coi'porate woi'k of the Church involves social action, evangelism, missioii at honie and oveiseas, tl'aining of niinisters and woiking with young people aiid childi'en. The Pi'esbyterian Chuich Én Ii'eland is goveined by Pi'esbyteis (oi. eldei's) in repiesentative assemblies, othei'wise known as coui.ts of the Church. These courts compi'ise Kirk Sessions (in each congiegation), Pi'esbytel'ies and the General Assembly. Kil'k Sessions The Kiik Session is tlie govei.ning body of a congregation iii its Ckn'istian calliiig, ovei'seeing and pi'omoting the spiiitual int¢i'¢st of the congi'egation and of pei'soiis not connected with any congregation within its boiinds. The Kii'k Sessions delegates the administt'ation of its tempoi.al affaiis, such as finance, pi'opeity aiid personnel niatters to the Coiigi'egational Committee. A Kirk Sessions inembeiship will include the ordained illinister ￿ld iulAng eldei's. To be chosen for the office of the eldership a pei'son must be a voting meinbei. of the congi'egations and a i'egiilar attendaiit on its oidinances. The Congi'egational Conimittee consists of the membei's of the Kii'k Session and tliose elected by the congi'egation. Each congregatioii of the Presbyteiian Chiircli in Ireland is a sepai'ate cliai'ity in its own L'ight aiid while tlie financial statenient of ilie Genei'al Assembly of the Presbytei'ian Cliuich in Ireland iiicliides contiibutions by congi'cgations to ceiitral appeal and assessments they do iiot incol'porate the fiiiancial statements of each congregation. Presbyteries A Presbytci-y is the body priniai'ily iespolisible foi. coi'poi'ate ovei'sight of the congi'egatiOLlS assigned to it by the Geneial Asseinbly and of the ministeis and eldeis coi]nected with it as well as the advancenieiit of Clu'ist's kingdoni geii¢rally withÉn its bounds. Page I

THE PREI SBYTIRIAN CHURCH IN IRELAND ANNUAL REPORT For the year ended 31 December 2022 STRUCTURE, GOVEI RNANCE AND MANAGEMENT (cont'd) Piesbyteries Iiiainly consist of the ministeis in active diity of congregations assigned to it by the Geiieral Assembly, those who have i'etiied from active ininisterial duty togethei. with an elder appointed by the Kirk Session of each congiegation. Each Piesbytei'y is a chai'ity Én its own right aiid the accounts of the General Assembly do not incoi'porate the firAancial statements of eacli Piesbytery. The Genei'al Assembly The General Assenibly Rs the supreme legislative, adniinistiativc and judicial authority of the Church. It deliberates upon and supeiiiitends matters which coiicern the whole Church in its doctrine, worship, witness, discipline and goveinment. The Genei'al Assembly inainly consists of tlie niinisteis in active duty of each congi'egatlOLI aiid a ruling eldei appointed by the Kii'k Session of each established congi'egation. In addition, Chaplains, Associate Ministers, certain ex-officio nienibei's and Geiiei'al Assembly appointed elders are also the membei's of the General Assembly. The Geiiei'al Assembly was noimally coiistituted during tlie fii'st weelc in June each year but foi a trial peiiod of 5 yeai's fi'om 2022 has been moved to later in the nioiith. At the concliision of its business it is dissolved, Dui ing the year the woik of tlie Genei'al Assembly is undei'taken by a nuinber of Coinniissions and Councils whicli it has established. Details of the responsibilities of Coinmissions and Councils ale provided iii the section on Objectives and Activities. The niembeis of the Genci'al Assembly's Genei'al Council act as the Chai'ity Tiustees for the puiyoses of registi"ation with the Chaiity Commission for Noithei"n Ii'eland, The membei'ship of the General Council is set out in Para 272(1) of The Code and consists of the Modeiatoi, Clerk and Deputy Clei'k of the Geneial Asseinbly, Couiickl Convenci., Convenei's of the Couiicil Committees, Financial Scci'etai'y, pi'ecediiig two Modei'atois, pi'eceding Clei'k of Assembly, Coiiveiieis of Coiiiicils and Commissions, Clerks of Presbytery, one direct nominee fl'om each Pi'esbyteiy and nine nominees of the Noiniiiations Conimittee. Page 2

THE PRE( SBYTERIAN CHURCH IN IREI LAND ANNUAL REPORT For tlie year ended 31 December 2022 Charity Trustees The following were niembeis of the General Council on the date these financial statements were approved or had seived on the Council during the repoi'ting period. Allen, Rev TD Andrews, Rev JJ Beattie, Rev JA Best, Rev GE Bole, Mi. J (Resig17ed 25/06/2022) Boyd, Rev J Brice, Rev DW Biownlow, Rev D (Appoinled 25/06/2022) Biucc, Rt. Rev Dr DJ Buinsidc, Rcv MR Canieion, Rev NAL Campbell Rev WG Copeland, Mi. J Cowan, Rev Dr MC Ciaig, Rev ND (Resig17ed 25/06/2022) Crowe, Mi. DA Ciowe, Rev KDW cU￿le, Rev MJO Ciiny Rev Di. JA Deei'ing, Rev C (Appoi17ted 24/03/2022) Diinlop, Rev AJ Edwai'ds. Rev DTR Ferguson, Mi. S Finlay, Rev SA Flahei'ty, Rev JH Fi'eebui'ii Rev H (Appoinled 25/06/2022) Gainble, Rev EP Gault, Rev MS Gi"aham, Rev K (Appoip7Ked 25106/2022) Gi'eer, Rev TWA Gregg, Rev RD (Resigiied 25/06/2022) Gi'ibbeii, Rev TD Hampton, Mr M Hanna, Mi. J (Resigiyed 25100/2022) Heenan, Mi's A Heill'y, Very Rev Dr WJ Hei'i'on, Rev R Hughes, Rcv Di SE (ReSIg￿Ed 25/06/2022) The Chaiity Tnistees do not i'eceive any remunei"ation foi. acting in that capacity or as membei"s of the Geiiei'al Council although they are entitled to claim expeiises in coi]nection with theii. attendance at meetiiigs. The Gen¢i'al Council seeks tlll'ough a process on ongoing training and ediication to ensui'e all niembei's al'e fully awaie of their i'esponsibilities and the I'ole of the Council as set out in Tlie Code. Jolmston, Rev B (Appoi17fed 25/06/2022) Kane, Rev DJ Kennedy, Mi. RJ Kennedy-Ritchie, Rev L (Resigi7ed 25/06/2022) Kirkpatrick, Rev Dr J Linkeiis, Rev PE Livingstone, Mr TJ Long, Mi T Mackai'el, Rev GJ Mackay Rev RMCM Mccauglian, Rev JA Mccleaii, Rev N Mccleeiy, Mi. JD Mcclui'e, R¢v Di CD Mccoi'mick, Rev Di. TJ Mccraclcen, Rev S (Appoinfed 25/06/2022) Mccullougli, Rev NJ McLei'non, Rev RA McNeely, Vci'y Rev Di" JNI McNeill Rev T (AppoinÉed 25/06/2022) Moffett, Rev RA Mooie, Rev SP Moriison, Rev TC Oil., Rev RN (Resig17ed 24/03/2022) Patton, Vei'y Rev Di. WD Paul, Rev DJ (Resig17ed 25/06/2022) Poynton, Mis C Sellai., Vei'y Rev Di. FP Simpson, Rev GJ Spratt, Rev DM Stanfield, Rev M Thompsoii, Rev AJ Thomson, Mr DW Watson, Mr W Wcbstei,, Rev LW White, Mrs Anne Wilson, Mr C Page 3

THE PRESBYTERIAN CHURCH IN IRLI LAND ANNUAL RtPORT For the yeaj" ended 31 December 2022 The Ti'ustees of the Presbyterian Chui'ch in IreIand Tlie Ti'ustees of the Pi'esbytei'ian Chuich in Ii'eland al'e a body incoi'poi'ated undei. Royal Chai'tei in 1871. with powei's and duties regulated by the Ii'ish Piesbytel'ian Chui'cli Act 1871 and the Iiisli Presbytei"ian Church Act 1901, foi. management of ceitain trust pi'operties (iiicludiiig iiivestments) foi, the Chui'ch and other pui'poses. Individual Ti'ustees must be inembei's, of at least two years standing of a congiegation in the Pi'esbytei'iaii Chiii'ch in Ii'eland and are appoiiited by a vote of the Genci"al Assembly. Tlie Ti'ustees act as holding ti'ust¢es fol. pioperty owned by tlie Genei'al Assembly. Tbe Code "The Code" is the book of the constitution and goveinment of the Pi'esbyteiian chui.ch in Iieland and the cu￿ent veision is dated 9 June 2017. MISSION STATEMENT The Piesbyteiian Chui'ch in Ii'elaiid, as a Refoimed Chui'ch witliin the widei. body of Clu'ist, is giounded in the Sciiptui'es and exists to love and honoui. God tl]roiigh faith in His Soil and by the powei of His Spii'it, and to enable hei" members to play theii part iii fulfilling God's niission to oui. woi"Id. This is an extract froin the Mission Statelneiit i'eceived by the Genei'al Asseiiibly iii June 1992 at its nieeting to mark tlie 350th anli1vers￿Y of the establishnient of the fiL'St Piesbytery in Ii'eland. Page 4

THE PRESBYTERIAN CHURCH IN IRELAND ANNUAL REPORT For the year elided 31 December 2022 OBJECTIVEI S AND ACTIVITIEI S The General Assembly goveinalice structures consist of a iiunibei" of Commissions and Councils wliich, on its behalf, are responsible foi. diffei'ent aspects of the Chiii'ch, s woik. The iiotes to the Stateineiit of Fiiiancial Activities analyses the Chuich's charitable activities under each Council. The Linliage Commission is I'espons7blefoi' gi'cint117g 'leaipe to call, c117d seltiiig cissociated terms 14Jhere a niiiiislerial iiacai?cJ217Lis ai.isen in ci congi'egation. It is cilso responsiblefoi" 3etling iei'nisfoi. the dissoltition, c7miilgamat1017 01. linkiige of congregations. It regulales the appoinlmei?l of addilional pastoral pep"soi?iiel and aiixiliaiy ministei's in congi'egalions, i'eviews stipends and selsfiguresfoi. ministerEal expenses aFzd cei"taii?fees, and ovei'sees mattel's lo do with chiii'ch ai'chifectiire and manses. The Judiciial Commission along Mllth it3. i'elated Special Cominission and ApplicatlOP7s Coinmission is 7'esponsiblefoi' dealing with any cases of appeal oi" refei.ence oi. any othei" n7attei' which may be i"efei'i'ed to it undei" oi" by vii'tue of The Code. The General Council deals Miirh exceptional mLillers' affeclingpziblic intei'est oi. the genei.al Miork of the Chui'cl? cis n7aJi ai'ise and requii'e Liction behveen ineetings of rhe General Assembly. It l?as ci role in coop'dinaling the Hpork of othei, Councils and is I'esponsiblefor effectively communi.catii?g the Assen7bly views botl? 14Jlthin aitd beyond t17e Chiii"ch. Jtfacilitcites the pi'ocess ofnomip7ations lo Coiincils, oi'ders the business of t17e Genercil Assen7bly cit ils anniial meeting, di'aws lip pi.ioi.itiesfoi' tl?e i4Joi'k of the Genercil Assen?bly, prepai'es genei'al Church policy oi" stalements on Docli"i17e, dei?elops i'elalions171PS Miiih ot17er Chiii"ches and ensures Ihal support sei'iiices ai"e beingprovided to Councils effecliijely and efficiently. It proiiides siipport sei"iiicesfor the othei. Coiincils, 14Jhich incliides pei"sonnel, finance, infoi"mation technology, ci"ealjiJe pi'oduction and certain pi'opeF'ty SllPPOI't. It is specificcilly responsiblefor rhe pnanagenienf of and conti'actual ai"I"angen?enls in i"espect ofcillpersonnel employed by the General Assembly ai?d ovei"seeing t17efiniinces of the Chui'ch wl?ich i17cliides the adniii?isti'alion of a numbei. of Fu17ds ii?cliiding the Uniled Appeal thi"oug17 Mihich tl?e Chui'ch colleclively suppoi'ls AJi.ssions andfunds the Trvoi"k of a niimbei" of Genei'al Asscmbly Coiincils. The Ge17ei'al Council acts as chcirily trusteefoi. the Genep'al Assen?bly. Council for Public Affairs is responsiblefoi. identifyii?g cui'i"ent issiies wliich rhe Chiii"ch needs lo addi'ess, helping to deiielop the Chiirch 's ihinking in these ai'eas cind comniunicciling the Genei'al Assen7bly's vieivs in the piiblic sqiiai'e. It also Seeks lo develop i.elalions171PS Wlth ihe Fvestminster and Diibli17 goi?ei'ninenls ai?d makes i'eprese17tatioi?s to them on behalfof the Chiirc17 ap7d p'esponding to consiiliationsfi'om them. The Council is. also i.esp017siblefoi' pi'ovidii?g non7inations lo ediicalion and othei. stale bodies Mjhei'e the Chiii'ch is a slake1701der. Council for Training in Ministry is i"esponsiblefor the seleclion, ti'aining and on-going deiielopment 0]. n7inistei's, foi" the pcistoi'al ccii"e of177ansefainilies, the selection ti'aining and ongoing developnient of aiixiliaiy Ministei's and acci"editedpreachei's, seleclion ai?d ii'aining of deaconesses, n?anagement of Union Tl?eological College andfoi. tlie I"ecept7on ofministei's and licei?tiatesfi'on7 Other chiii'ches. It also proiiides a conciliat1017 sei"iJice. Page 5

THE PRLI SBYTERIAN CHURCH IN IRELAND ANNUAL RLI PORT For the year ended 31 December 2022 Council for Congregational Life and Witiiess seekg to s'iippoi't the ongoing life ai?d M2ltness of congregations in their Mlol'k Mjlth all age gi"oups, throiigh casting i?ision, cis'3'isting in dei)elopn7ent, offei.ing ti"aining, pi'oiiiding and SEgnposling models ofgoodpi'actice ai?d i'esotll'Cl17g in the ai.eas of MPOI"ship, disciplesl?ip, niii'liiring cind teaching, pasloi'al care, evangelisni a17d oiitreach in Ihe comn7unity, co-opei'ative Miorking Mjlth orhei"s, iniJolven7ent in global miss'ion and leadei'ship. It is respoi?siblefor the sli"ategi.c developn7ent of Yozith and C17ildi"en's pninistiy, n?inistry an70ng women, yoiing Lidiilts, n?inistry, supportfor thefainily lind mai'i'iage a17d cotinseling services. It also aims to biiild suppoi'live links iijith local schools, suppoi't C17ristians ii? the Miorkplace ai?d be pi'oactive ip7 the woi'k ofgood i"elations. li ainis, lo pi'ovide supporl lo congregations in the areas offinance, hecilt17 and sLifely andpei'soni?el n7atters. Council foi. Mission in Ireland seeks to develop stp"ategic pi'ioi"ities in all-age n7ission in li'eland, COF7sidei's nemj chiii'ch dei7eloppnents ai?dplanting, uvei.see all aspects of tl7e Mjork ofHome Lind Ii'ish Mission, the deployn7ents and support of deacoi?es'ses, suppoi'ls chaplaincy in tl?e Foi'ces, Hospitals, Hospices and Prisons cind supports iKission and ministiji in UF7ivep"sities Lind Colleges. Council for GIobal Mission seeks to siipei"iiise t17e ovei'seas n7ission of the Cl?ui'ch, to dei7elop ci sli"ategy on niission oi?ei"seLis, incltidingpai"tners171PS 1411th oi)ei'seas Cl?iirches cind 117e sending ofpei"soi?nel to sei'ipe oiJei"seLis. It aims to Pl"01770te MlOI'ld deipelopinent i.ssues and leads the thiF7kiF7g on issiies ofglobal concern sucl? Lis the envii'onment, Trvorldfait17S. 11?tei'.ciilttii'al Lind inlei"natiOF7al i"elatEons. Council for Social Witness is responsEblefor delii?ei'ing an effectii?e social cal'e sei'vice on behalf of the Chiii'c17 and io the widei, com177uniQy ip7 parlnei'shi]) with appi"opi"iate orga17isalions in rhe ai'ecis of older people sep"vices including i"esidential cai'e, disability se7'vi.ces, ci'iminaljustice and siibstcince Libuse. Ii ovei'sees policy developmenl ciyld Lidmii?isli"ation of r17e Church 'Taking Care ' pi"ogi'ammefoi' t17e pi"ofeclion of c17ildren and ijulnei'able adiilrs. Councils cai'ry oiit their remits ihi"oiig17 a i'cinge of Con7n71ttees, Task Gi'oups and Panels. Councils, infiilfilling theii. responsibilities, n7ay pi"oiJide granl Lissistance lo congregations of tl?e Pi'esbyleriiin Chui'ch IF7 11"eland oi. to extei'nally i'elaled agei?ciets' as appi.oved by the supei'vising C01117ciI oi" the Genei'al Assen?bly. All inembei's of Coiincils, C017?n7itlees, Task Groups and Panels offei. theii. services 017 a i?oluntaiy basis ai?d t17e Chiip"ch acknowledges MFith gralitude those who sei"Ipice the Church li? t17IS Mpay. Membel's al'e entitled to claiin expenses inciii"i"ed in comi17g to meetiP7gs. Meinbei's of Coiincils ai?d Cominitlees are detciiled in Él?e Dii'ectoly of the Gei?ei'al Assenibly which is availablefi'0171 Assembly Buildings. The Trustees of the Presbyterian Church in Ireland al'e c17arged Mjlth 117e n7anagemenl of the fo110141 ji?gfzinds.' The Commutation Fund ilias established ui?dei' tl?e Ii'ish Pi'esbytei"ian Church Act 1871 and is goi?ei"ned by sections I to 33 of that Act. Jnvesli77ents (ire mcinaged as providedfor by a deed dated 18 Jzily 1870, the income of whicl? is to be paid to tl?e Siistenlatioi? Fiindfor the benefit ofMiF7iStei's. T17e Fiind inijes'ts in Govei'nment Seciirities, Eqiiities Lind Gi'ound Rents Mijil? Ihe objeclive of177aximising gi'oMiI17 and inci'easing annual inc0177e. Tlie Non-Participating Trusts Fund i'epresenls 7 indiijidzial ti'iists i.Iihicli do i?ol pai'ticipale in the Genei'al Investnient Fiind. Each Ti'usi l?as its Omjn idep71ily ai?d ii?vestmenls w17ic17 the Ti'ustees adniinistei. in accoi'dai?ce ivith the tei'nls of ilie i'espective triis't deeds. Page 6

THE PRESBYTERIAN CHURCH IN IRELAND ANNUAL REPORT For the yeai" ended 31 December 2022 The Magee Fund MJ(1s' established Milie17. Mcigee UniiiersiOI College, Loi7doi?deriy MJCIS closed and tlie assets transferred to t17efiind ivhich was estciblis17ed by a Coiii"t Ol'der of 7 May, 1974. The Order i"equii'ed il?e Ti'ustees to inanage the cissets of117e Ftind undei. Ihe excliis'jiie control of the General Assembly Lind subject to the advice and dii"eclion of Ihe Schetne Commitlee tofurthei. Ihe provision of Ii"aiiiing and ediicationfoi" the work of ihe Chiii'ch af Union College. The Tops Wilson Tl'ust Fund is adini171stei.ed in accoi'da17ce with the tei'ms of a schen7e Tnade by the DeJJai"tmep7t ofFii?ance and Pei'son17elfoi' Noi'tl?ei'n Ji'eland dated I Septeinber 1982fotlF7ded by ilie will ofJames Wilson late of Tl7e Tops, Raphoe. The Fire Insurance Trust Fund is adininisrei.ed ii? accoi"dLiiice with a scheme dated 24 FebruarJ2 1934 which is dei"ii?edfi"on7 the Lissets of the Fil'e Insurance Trii3't Limited, a compcii?y Mihicl? 17cis bee17 Miozind lip. The Fortune Mission Bequest is administered IF7 accordance wilh the tei"Ins of a sc17enie dcited 5 Augusl 1869fozinded bj) the iiiill ofAlexai?dei' fortune and the estcite andfiinds belonging Il?ei'eto. The Lindsay Memorial Fund Trvas establis17ed in 1997fi'on7 the residiicipy estate ofMI' Johi? Ke17nedJi Lindsay, late ofBeechvale, BallJJci'aigJi NeTrvtOMlI?abbeJi T17e Fund was establislied in nieinoiy of his pai"e17ts Willian7 Gray LindsaJ2 and Maiy Lii?dsay, 17is bi'othe7' Rev Dr. Willicim Roberi Lindsaji, his. sister Di" Janet Mai'gai'et Mai'tha Lindsay aF7d himself The Fiind is to be iisedfoi. charitable purposes in cop7neclion Trviili tl?e education und ti"aii?ii?g ofpei'sons of i.i?tegi'ity aiid excellent chai'acter don?iciled in any parl ofAfi'ica Hpl?o iipish to sliidji at a school, college or tiniiiersity in t17e UF7Eted Kingdom and who liave pi'017?ised to undertake, for not less thanfiipe yeai"s, etnployn7ent in Africci cippi'ovedfoi. each beneficiaiy individiially by the Ti"uslees of the Pi'esbyteF'ian Chiii"c17 IP7 Ireland. The Scott Benevolent Fund 142iis established in 1938fi.om a bequest ofmr F Wscott, lale ofLa Visla Avenue, Siitton, Co. Dublin. The ptiipose of the FLii?d is to providefinancial assislcince to such pei'soiis being membei"s of the Pi"esbyterian C17111'c17 in Ji'eland as al'e in necessitotis cii"cun?stances, andfoi. whom, i.F7 the opinion of the Ti'ustees, adeqiiale provision cannotpF'operly be madefi'om othei"fiinds of the Church. The Crescent Loan Fund Mias eslablis17edfolloMiing the sale ofthe Crescent Chtircl? pi'en7ises in 1975. Sixty pei'cent of the sales pi'oceeds Mjere placed in this Fiindfi'om which COF7gi'egalions, Miitl7 shoi'l-tei"m financialproblen7s, coiild be gi'ai?led intei"estfi'ee oi. loTri) interest loai?s. 4 amilybooks Limited 14Jas a C171'isficin booksl?op operating Trviihin the Spires Mall in Assen?bly Biiildi17gs. Tl?e Ti"Iistees of the Pi"esbJ2tei'iai? C17urc17 ii? Irelaiid iijei'e ihe sole shai'eholdei.. In 2003 the business ofFamilybooks Li1￿lled Mias sold and tl?e pi'oceeds Miere bei17g held by the Ti'iistees, ]Jending a decision on iiihethei., af some stage in thefiitui'e, anothei. bookshop should be established. Dui'ing 2007 it was agreed to dis'ti'ibiite pai't of the proceeds to the Jncidental Fiind of the Genei"al Assen7bly of the Pi'esbytei'ian Chiii'ch in li'eland, w17ich proi?ided some of the initial capilal invest177ep7t. Tl?e i'emaip?dei' of the pi"oceeds al'e being I'elained by the Ti'ustees of ihe Pi'esbytei'ian Chiii"c17 in Ip'eland to be tised cis a fundfoi. fl?e pi'odiiction ofstiitable i'esoiii'ces to assist congi'egali017S Ill theii. mission and n7iP7islry. Page 7

THEI PRESBYTERIAN CHURCH IN IRLI LAND ANNUAL REPORT For the year ended 31 December 2022 FSR Hall Fund Diii'i17g 2010 ihe Truslees took ovei" as Truslees of tl?e FSR Hall Fundfi"om tl?e Noi'ihei"n Bcink Executoi. and Ti"ustee Company Lin71ted. A Slim of£68, 100 Mias received and in ciccoi'dance Miith the fei.pns of the Trusi ihe income is to be appliedfoi. the bei?efil of the Pi"esbytei'ian Res'idential Trzist. The Trustees Dlscretionaiy Fund is repi'ese17ted by bequests I"eceived which eiiher do not specify how thefunds are to be applied or have been left to be used at t17e Trustees disci'et1017. T17e Triistees present policy is Io i17vesl szich bequest3' in the Genei'al IniJeslmei?t Fund u171il some specifi.c chcii'ilcible actiiiily is ide171ified which, in the vie141 of t17e Ti"iistees', mei'its iini?iediatefii?a17cial support. Incomefroni tl?e ini?estme17tS 117 the Ti'ustee3' Disci'etionaiji Fund is distribiited anniicilly by the Ti'ustees on the basis of i"equests madefi'om the varioiis Councils andAgencies of the Genercil Assembly of the Presbylerian Cl?urch in Ii'eland and to othei" chai"itable activities identified by the Triislees. The Sii. Thomas Mcclure Trust Fund. Diiring 2017 the Trustees Miel'e appi'oached by t17e Trustees of the Sii. Thoinas McCluF"e Trust Fund to take oi?ep' as Iriistee ofthe Fiii?d. The permissioF7 of the Clicii'ilj) Comniissionfor Northei'n li"eland Mias soiighi andpei'mission to ti'ai?sfei' the Fiind gi"anted. The Fund Tri?as estLiblisl?ed by ihe Will, and codicils thei'eto, ofsii. Thomas Mcclui'e, Bai't. who died on 19 JLiniiciiy 1893 ai?d iindei. 117e terms of tlie will, tl7e income is lo be disti'ibuled asfolloMJS.- Thi"ee quartei's toivai'ds the siippoi"t, niainlenance, pron70tion oi. advancement cli hon7e oi. abi.oad of Il?e cause ofi'eligion and ediiLation in confoi'nlity Mjlth the pi'inciples of The Presbytei'ian C1711rch in li'eland. Tl?e Ti'ustees ciiri'ei?tpi'actice is to ,ftippoi't certciin studenlsfoi. the Pi"esbJitericin ininistijj Lii?d other Presbytei"ian cigencies Iiiho gi.ant scliolai'ships. Oi?e quai'tei" Iomiai'ds t17e stippop"f, maintenance, promotion oi" advancenient cit l?on?e of the cause of i"eligion and educatlol? Mjheiher connected 1411117 The Pi'esbyterian Cl?ui'c17 in Irela17d or p70t. The Local Bible Fund. During 2017 the Ti'ustees Miere appi"oached by ihe Local Bible Fu17d C0717n71ttee to lake oiler Il?e manageinent of the Fiind. T17e pei'n7ission of the Chai'ity Coininissionfoi" Noi"t17ep"n Ireland was soughi andpern7ission to ti'aF7sfer 117e Fund gi"Iinted. The Local Bible Fiind wcis set up undei. a sc17eme appi'oved and adopted by Il?e Coui'l of Chcinceiy u17dei' in oi'dei" dated 12 Februaijj 1929. To supply Bibles, Ne141 Testamei?Is, PsLiltei's and HJ?mncii"ies as used and authoi.ised by the Pi"esbytei'ian Chui'ch in 17'eland, to Chiii'ches, Mission Halls, Sabbath Schools, ap7d otl?ei" religiotis oi"ganisations and sociefies in Irelcind in connection with the said Pi'esbyteriai? Chui'ch in Ii'eland. To supplji Bibles, Nemj Testapi7ents, Psalters cind Hym17ai'ies as zised and Liiithoi'ised by the Presbytei"iai? C17111'ch in Ireland to individuals oi.faii7ilies in Ji'elai?d, menibei's oi. ad17ei.enls ofsaid Chui'ch. To supply BEbles, NeTrv Testan7ents, Psalters aiid Hyn7nai'ies, or oiher i'eligioiis literaliii'e, as pi.izes IF7 Sabbath Schools, Bible Classes, Guilds, oi. 0117ei" siniilai. oi'gcinisations in connection Miith said Chiii'cl? in Ii'elcind, and as pi'izesfoi" i'eligious knomiledge to Pi"esbytei"ian pupils 117 Ptiblic Elen7entaiy Schools in Ireland. Page 8

THE PRf4 SBYTERIAN CHURCH IN IRELAND ANNUAL REPORT For the year ended 31 December 2022 The John Getty Will Trust. On 19 Mai'c17 2021 the Chai'ity Conin?issionfoi' Noi"tl?ei"n Ii'elcind approi?ed a Cy-Pres sc17en7e relating to ainendment of tl?e ti'iists Lind cidininisli'ation of the John Getty Will Ti"iist. Undei" the scheme the Ti'uslees of the Pi'esbytei'ian Cl?urcl? in li"eland as incoipoi"cited undei. Royal Chai'ler piii"siiant to the Ii"ish Presbytei'ian Cl?urch Aci 1871, werefoi'mally coi?fii'nied as the li"iJslees of Il?e Ti'tist willi i'esponsibility to apply tlie inconie and capitcil ofthe Ti'tist in siich pi'opoi"ti017s cisfi'oni time to litne seems appropp.inte to The woi'k of the Presbytei'ian Chui'ch in Ii"eland in niissioii in Ireland The MPOI"k of the Pi'esbyterian Churc17 in Ii'eland ii? global mission The 1996 Reviemj FIip7d of the Pres'bjjtei'ian chui.ch ip7 Irelcind Belfast City Mission Other Trust Funds mai?aged bji the Ti"iistees in ciccoi'dance Mjlth t17eii" tei.ms include.. Elizabeth Gutlll'ie Gass Miss Ida Maiy McKeown Mr Victor Moii'ow Mis GGDS Tuite Mi's Mai'gai'et Hilai'y Simpson Sii Wm V Mccleeiy Estate stianah￿l Trust Mcmullen Estate James Mcmastei Miss Il'ene Scott Mrs A M Davidson Ti'ust Mrs Janet Fai'quhai'son Estate Mi's Mai'ia Hui'st Sinyth Sloan Education Gift Thomas Boyle Tiiist Floi'eiice Beatrice Jamison All ot17ei" Tp"ust Funds ai"e ini?esfed in the Genei'al Investn7enl Fiind and the income disli'ibuted anntially in ctccoi'dance with the tei"n7 of the bequesl. Page 9

THE PRESBYTERIAN CHURCH IN IRELAND ANNUAL REPORT For the year ended 31 December 2022 ACHIEI VEMENTS AND PERFORMAIYCE The Linkage Commission Duiing 2022, the Commission met on nine occasions. Tlie Conirnission iespoiided to i"equests from 43 coiigi'egations concei'ning proposals foi. adjustnient to their pi'opeity, includiiig sales and purchases. Leave to Call a MiLliSter was issued to 40 congi'egations, and an Associate Ministei" to 2 congiegations. Nine ininisters were nominated, or had theii nomination renewed as Stated Supply to vacant congi'egations. Pern]issioii was graiited foi tli¢ creatioii, extension oi. alteration 39 Additional Pastoral PeL'SOi]nel. The Conimission adopted ieconimended saI￿.Y scales foi Additional Pastoral Peisonnel posts The Commission exteiided tlie Tenui'e Review in one congi'egation. The Tei'ins of the meigei of Diomoi'e (Route) with Diumieagh, and Fiist and Second Islandmagee wei'e agreed. The tei'ins of the dissolution of Townsend Stl'eet were agi'eed, The Judicial Commission Duriiig 2022 the Cominission fulfilled its iemit by: dealing as requii.ed with a small nunibei of judicial cases, eitliei" by i'efeience or tkll'ough appeal. and continuing the piocess, as instructed by the Genei'al Assembly, to i'epublish the Code. This involves a complete updatiiig and i.ewritiiig and will be a process that riins over seveial years (last iepublishing was in 1980). Page 10

THE PREI SBYTERIAN CHURCH IN IREI LAND ANNUAL REPORT For the year ended 31 December 2022 The General Council Dui'ing the last few yeai's much of the work of the Geneial Council was focuscd on providing advice to ongiegations in Noithei"n Ile1￿]d and the Republic of Ireland on the i'elevant jurisdictions, Covid-19 restiictions all of which was informed by i'eglll￿ Lneetings of Chui'ch leadei's witli vaiious govci"nment miiiisters aiid officials. Dui'ing tliis period it was necessaiy to suspend llie noi'mal sei'ies of meetings and each Council established a Standiiig Committee with delegated powers to undeittake any essential business, the Geneial Couiicil Standing Cominittee having the inipoi'tant role of cooi.diiiation iii iegard to all the other standing conimittees. The Genei'al Council confirmed at the start of Api'il 2022 that most of the remaiiiing restrictions on congi'egational life could be lifted and that the vai'ious Geneial Assembly Councils aiid Committees sliould iesumed their normal schedule of meetiiigs. Following agreement at tlie General Assembly in Octobei 2021 a revised tiniing for the 2022 to 2026 Genei'al Assemblies is in place and i'atlier than meeting during the fiist week in June it will be lield latei in the month. The General Assembly in 2023 will be held froin Wednesday 21 to Satiirday 25 June 2023. During 2022 the Council received a l'ange of reports fi'om its Committees including its Business Committee on ai'rangements foi the Genei'al Assenibly, its Nominations Colnniittee oli membei'ship of Councils and Committees aiid fi.om its Inter-chui'ch Relation Colnniittee on niattei's of mutual interest. It also received a repoit fiom its United Appeal Committee and made i'econimcndations to tlie Geneial Assembly iegarding the level of the ai]nual United Appeal foi. Mission to congregations which fund much of the work of the vai'ious Genei'al Ass¢mbly Couiicils. The Appeal foi 2022 was £3,300,000 and fol. 2023 is £3,500,000. Support foi. this Appeal continues to be vei'y encouiagiiig. The Council tlvough Its Siippoi't sei.vice Committee appi'oved i'esolutions i'cgai'ding the l'ates of congregational assessment ￿]d the level of increases to salaries and stipeiids foi. 2023. The Colincil also i'eceived iepoi'ts fi'om a iiuinbei. of its Task Group iiicludiiig a review of corninunications, pastoial leadei"shÈp and of the i'esponse to the Covid-19 pandeinic and the lessons to be leaimed foi the Church's ongoing govei'nance ai'i'angements. On a few occasions the Geiieral Council lias acted with delegated authoi'ity fi'oin tlie Genci'al Assembly, to take iiecessary decisions betwecn the ailliual Assenibly meetings, where this lias proved neceSS￿y. Wliei'e necessai'y the General Council also co-oidinates tlie work of tlie vai.ious Genei'aR Assembly Councils and its membei"s act as the Chai'ity Ti"ustees for tlie Presbytei'ian Chuich ILI Ile1￿Id, approving the annual accounts and tlll'ougli its key office bearers attending to the amiual i'etiirns to the Charity Regulatoi's in both Noithem Ii'eland and the Republic of li'cland. Page 11

THE PRESBYTllRIAN CHURCH IN IRELAND ANNUAL REPORT For the year ended 31 December 2022 Council for Public AffaiR"s While Covid-19 resti"ictions wei'e beginning to lift at the stai"t of the yeai., tliey continued to have an impact on the Council, s activity. Tlie ability to coiitinue to engage via oiiline nieans pi'oved to be a useful forin of commiinicatioii throughout the year, paiticulai'ly foi. those wlio would othelwise be ti'avelling long distances. The Couiicil contiiiued to identify topical iSSLies which the Chuich iieeded to address and develop its thinking iiicluding educatioii-related mattels. new Westniinster legislatioii oil legacy and dealing with the past. the cost of living crisis. and the inipleineiitation of aboition legislatioii. In Janll￿.y 2022, thiough the State Education Committee, the Council hosted a majol. confeience on education wliei'e ovei l 00 teacheis, senÉoi' leadeis aiid school goveinors and other educatioii pi'ofessionals fioin acioss PCI came togethei. foi. PCI Talks Educalion... A visioi?for ihefuliip"e in Nortliei'ii li'elai?d. The confei'ence lielped to iiifoini PCI'S submission to the Indepeiideiit Review of Education which published an intei'im report in Octobei. 2022. The Transfei'oi Representatives, Council coiitinues to be the main vehicle through which PCI engages on mattel's of education policy in conjuiiction with the Methodist Chui'ch in Iieland and the Chui'cli of Ii'eland. Dr Aiidy Brown, coiiveneL' of the State Education Committee took 01) the iole of TRC Chaii. in Septembei., and in tlie following months TRC i'epreseiitatives niet with tlie education spokespeisons of the main political paities. TRC coiitinues to monitoi developments in religious educatioii and on the pi'ovisioii of collcctive woi'ship. Following on froiii the "On These Steps" event held in Union Theological College in September 2021 to maik the centeiiary of Noithern Iieland and p￿titIOn of the island of Ii'eland, the Council embaiked on a sei'ies of follow-up seminars called "Beyond These Steps" engagilig with loyalist coinmuiiities, young adults and those living and woi'king aioiind the bordei. These events, supported by tlie Depaitment for Foreign Affaiis Reconciliation Fund, culminated in a seiniiiar with Council Conveners and Secretai'ies whei'e the findings of the listeniiig event wei'e sliared. Copies of the Council's book Considering Gl'ace which documeiits the stories of Presbytci'ian people diiring the Ti'oubles wei'e disti"ibuted io MLAS pi'ior to tlie election in May 2022. PCI has had a numbei. of strategic engagements witli the PSNI fi'om the level of Moderatoi and Chief Constable, through to local cleigy ￿ld neiglibouihood policing teams. These have been positive engageinents which have pi'ovided oppoitunity to offei. suppoit and also sh￿e concei.ns The Council has been iepreseiited oil a number of intei'_chui'ch woi'king groups dealing tlii'ougli the Ii'ish CoLincil of Chiirches including on legacy and joint i'cseaich projects with Dublin City University's Centi'e foi. Religion, Human Values and International Relations. The Council has also pai'ticipated in engagenient events oi'ganised by Evaiigelical Alliaiice Nl on tlie cost of Iivilig ci'isis. In Octobei. the Coiincil pi'esented to a special Seanad committee in the Oireachtas which was considering the constitutional futuie of tlie island of Iieland, along witli represeiitatives fi'om the Methodist Chuich iii Iieland. Tlie Council woi'ked throughout thc year to develop i'¢lationships with elected representatives ￿ld otliers in civic society, wi'itiiig to and ari'aiiging ineetings with MPS, TDS and MLAS to coiiimunicate tlie Church's views on a iaiige of issues. The Council has also responded to a l'ange of policy and legislative coiisultatioiis in both Noithei'n li'eland aiid the Republic of li'elaiid, Page 12

THE PRESBYTERIAN CHURCH IN IRELAND ANNUAL REI PORT For the year ended 31 December 2022 Council for Training in Ministiy The Council for Ti'aining in Ministry has i'esponsibility foi. Union Theological College whose priinaiy i'ole is to prepare studeiits for the ininistry of the Pi'esbyterian Chul'ch in Ireland. The College Faculty, under the auspiccs of Tlie Piesbytei'ian Theological Faculty, Ireland, coiitinues to develop a kiumbei. of postgraduate degiee and diploma pi'ogiammes, most of may be completed online. These opeiate in line with all the expectatioiis of the IJK Quality Code. The College also offeis ali uiideigi"aduat¢ piogl'ainme validated by St Mai'y's Univeisity, Twiclienham. During 2022 the Head of Academic Adininistiatioii i'etired, prompting a revised staffing sts'uctiire. Dui'ing 2022 tlie Council continued to select and ti'ain candidates foi the oi'dained ministry. At 31 December 2022, 23 ininisterial students were in training in Unioii Theological College and none elsewliere. The Council oveisaw the traiiiing of17 ti'ainees who had completed tlieii. academic studies alid wei'e assistlng in coiigiegations. Thei'e wei'e 74 Ministei's who had been recently ordained alid took pait in post-ordination tiainiiig. The course foi ministei's appi'oachiiig retireinent, and theii. spouses, was held in Novembei. witli 20 people iii total attendiiig. Iii addition, two studeiit dcaconesses contiiiue th¢iL' ti-aining in 2022. 12 Accredited Pieachei's successfully completed courses of trainiiig. The Council pi'ovided a Conciliation Seivice which, in 2022 Ancluded making available 32 inen and women ts'ained iii conciliation. Thei'e wei'e six cases active at some poiiit in 2022. Ti'aiiiing courses weie deliveied to Kirk Sessions, liceiitiates and otlieis. Five miiiisteis transfeiring from other denoniinations served as assistant ministei's during the year with one new applicatioiis as ti'ansfei'i'iiig niinKstei' being i'eceived. Tweiity-seven recomtnendatioiis concei'ning Liceiitiates not sei'ving an assistantship and Ministei's without chaige wei'e made to the General Assenibly. No i'equests foi. peimissioii to preach in a vacancy were made. The Council continues to seek to develop all aspects of its woik and is continually monitoiing and i'eviewing its peif01m￿1Ce. Page 13

THI PREI SBYTLRIAN CHURCH IN IRELAND ANNUAL REI PORT For the year ended 31 December 2022 Council for Congregational Life and Witness Dui"ing 2022 the Council continued to envision, equip and cnable congregations to develop theii lives as communities of faith aiid to play theii. pait in God, s niission in theii local neighbourhoods, wider society and the woi'ld. Essentially the activity of the Council dul'ing 2022 unfolded in tkn'ee distinct phases in iesponse to changing conditions in chui'ches on the gi"ound. Tlie fii.st pait of the year fi'om January to Api'il saw sigiiificant continuing i'esti'ictions on congregational activity. In this phase the Council coiitinued to accompany and support congicgations iii sustainiiig basic mAnistries and cieatively ieshaping othei activities. A lot of this activity was in digital format. The second pait of the ye￿. froni May to August saw the iemoval of i'estL'iCtions ielating to the pandemic. In this pei'iod the Council held a series of regional events eiititled ' Comiiig Back, Going Foi'ward, which helped coiigi'egations to giapple with the i'ealities of the impact of the pandemic and prepare foi reconimencing the iiew chui.ch ye￿. iii September. A scaled back summei team piogiamme foi. young people was also recoinmcnced. Both atti'acted good iiumbei's given the backdi'op against which they weie delivei-ed. The rebuilding of congiegational capacity foi" activities beyoiid Sunday woi'sliip has bccn giadiial since the restart of the new chuicli yeai in Septeinbei. This was aiiticipated by the Couiicil and duiing this period its level of programming was delibei'ately modest to allow space for congregations to get their weekly rhythms and ioutines up ￿ld ivnning again. The Council's focus in the thii'd part of the year fi'om September to Deceniber was particulal'ly on eiicouraging and suppoi'ting leaders and iunning events to accompany the woi'k of seeking to i'econnect with young people. Two events foi elders weie held, one focusiiig on niodels of pastoial care the othei. on elements of pastorally recoi]necting with youiig people, fi'inge nienibers and tliose most peisonally impacted by the cffects of the pandemic. Foundations tiainilig for childi"en's and youtli ministry leadei"s was deliveied oil two occasions with a focus oil encoui'aging aiid equipping foi. iegatheiing childi'cn, youiig people and theii fainilies in chuich life. A iiumber of resoui'ces wei'e also i'eleased tlu'oughout the yeai, including iiew niaterial for youth gioups, a new chui'cli mcmbeis, resoui'ce and a small gioup Bible study iesource. Two resoui'ces dii'ectly related to the chiiich's iesponse to the impact of the pandemic entitled 'Back togetlier again, and 'Gettiiig going again, wci'e also released and provided to congl'egations. The Fi'esli Liglit counselling niinistry iesumed fi-orn Septeinbei and is attracting iiicreasing levels of use. The Council continues to use digital forniats foi. its pi'ogi'ainmes of podcasting and webin￿'S as appi'opriate. Paiticipation and engageineiit with these activities and use of i'esouices grew steadily as the yeai. pi"ogi'essed and cii'cuiiistances foi congi'egations saw iiici'case in their life and witness. The Council's woi'k continiies to attract a wide l'ange of all ages from aci'oss the geogi'aphical spread of congregations i'epiesented within membei'ship of the deiioinination. Page 14

THE PRESBYTERIAN CHURCH IN IREI LAND ANNUAL REI PORT 4 or the year ended 31 December 2022 Council for Mission in Ireland Due to the Council Seci'etaiy, Rt Rev Dr David Bi"uce continuing as Moderator of tlie Genci'al Assembly for a second teiin, the Rev Jim Stothers sel'ved as Acting Secretai'y and Rev Robeit Bell had iesponsibility for Chaplaincy until the end of July 2022. Following the i"etii"ement of Very Rev Di David Bruce on 12" Novenibei. 2022, Mr Rick Hill took up tlie role as Council Seci'etai'y, having woi'ked in a shadowing capacity for the 3 months prioi.. During 2022, the Council SUPPOLted 30 Honie arAd Urban Mission ministei's, 14 deaconesses, 2 student deaconesses and 4 11.ish Missioii workeis. It also suppoited vaiious full and part-tinie chaplaincy appoinlments, 28 in Iiospitals, 5 in prisons, 12 iii The Al'med Foices and 6 in univei'sities and colleges, as well as cliaplaincy to farineis, fai.ming families and the i￿ra1 coinniunity, which continues to be welcomed by many. Dui'ing the yeai. one Home Mission miiiistei was inducted into new work and one Home Mission ministei. Ictiied. 13 congregations exited the Homc Mission Scheme, Two deaconesses weie inducted new coiigi'egations, with the Council also noting the sad passing of oiie deaconess. A numbei. of deaconesses, Il'ish Mission Workers aiid Conimunity Outreach Woi'kers atteiided a retreat held by Cleopas at Droinantine. Two new appointments weie made within univei.sity Chaplaincy, both witliiii the teain at Queens Uiiiveisity. A Pai"t-time chaplain began woik at Woodlands Juvenile Justice Ceiitre. The Belfast Confereiice, di'awing togethei i"epiesentative groups from the tkn'ee Belfast Pi"esbytei'ies met four times and provided two Advisory Comments. Plamied construction of a new Chuich biiilding in Maynooth did Iiot commence in 2022. Howevei substantial pi'ogi"ess was made to plans aiid a subsequent grant inci'ease to the coiigi'egation was agreed by tlie Council which will enable buildiiig woi'k to commence in 2023. Other grant-aided mission pi'ojects began, pai'tiCLilaily through the fundiiig of personnel sei'ving witliin congi'egations. The Council niet twice in peison and three tiines online. With i'estiictions fiom the Covid-19 p￿Iden7￿C easing, niost incctings i'everted to in-persoii with a facility to join online. Working patterns withiii the Mkssion Depaitment retui'ned to iioinial, with the pi'ovision for some home-working aii'aiigemcnts where agreed. Council staff, with coiiveneis and otheL'S, contl'ibuted to the publislied outputs of the dcnomination in piiiit aiid online. The iinplenientatkon of the Home Missioii Review was resumed with a schediile of Pathway Assessnicnts di'awn up, congi'egations linked to non-Hom¢ Mission congi'egations exiting tlie scheine and a small team of mentoi's being identified to offei" accompaiiiment to miiiisters. In tei'ms of Oligoing woi'k, tkll'ee Mission in Ireland eveiiing events wei'e held. The woik of South Belfast Fiiendship House and Intei'natÉonal Meeting Point retui'rAed to norinal levels of activity. Miiiistry within the ChaplaÉncy Centre on Elinwood Avenue in Belfast i'esuined on a limited basis aiid Deri'yvolgie Halls of residence remaiiied available to students. Page 15

THE PRtI SBYTERIAN CHURCH IN IRELAND ANNUAL REPORT For the year ended 31 Deeember 2022 Council for Global Mission During 2022 the Council for Global Missioii contiiiued to suppoi't individuals and their fainilies who have beeii called to seive oveiseas. At 31 Deceinbei. 2022 theie wei'e 25 global missioii woi'kei's sei.ving with pai'tner chuiches, agencies and institutions in tcn countiies, includiiig Zambia, Bi"azil, Romai)ia and Nepal. These global inissioii woikei's seive in a wide range of disciplines such as church-planting, healtlicaie, developnient, education, theological ti'aining, as well as woi'k amongst inaiginalised coinniuiiities and i'efugccs. The Council seeks to suppoit global mission workei's during C￿ldIdacy, pi'eparation foi ovei'seas assignment, and to encouiage pastoral and pi'actical suppoit foi theni while oveis¢as and on honie assignment. They i'eceive a field allowancc and assistance with niedical ti'eatmeiit, acconimodation, ti'avel, and tlieii. children, s educational iieeds. In slowly emerging fi.om the COVID pandeniic, Council iepi'eseiitatives have been able to ti'avel inoie widely once again, working to ienew and sti'eiigtheii i'elatioiiships witli p￿.tner cliui'ches in inore than twenty counti'ies. Thei'e continues to be generous suppoi't fi'om tlie wider chui.ch foi specified global mission paitnei pi'ojects in which PCI global i]]ission woi'k¢i"s pai'ticipate and the Council continues to facilitate tliis, administei'iiig funds collected foi. such puiposes, Significant Iiish Government funding has also been hai'nessed foi. paitnei. projects in Kenya aiid Nepal tkn'ough the Intei'natÉonal and Iiisli faith- based missioiiai'y Inovement, Misean Caia. In the couise of the yeai the Couiicil pi'ovided gi.ants and scholarships fi'oin United Appeal funding towai'ds pai'tner church projects and in suppoi"t of chui.ch leadei's-in-ti'ainiiig in countries such as My￿]Ma1., liidonesia and Malawi, with an emphasis on the ti'aining. In 2022 the Council continued to wrestle with difficulties in transferi'ing fiinds to some locations due to theii. experience of growing coiiflict oi. pei'sccution. Congi'egational involvement with and suppoit foi" PCI'S global engagement has been encoui'aged tFll'ough global missioii workers pioviding monthly pi'ayei. bulletiiis and i'egulai 'Digital Dispatches, a sei'ies of video updates available on the PCI website. Wilh the easing of COVID I'esti'ictions, global inission woi'kers wei'e able to recomnience home assigi]ments which included opportuiiities to visit coiigregations ai'oiind Ireland and to speak about theiL' work. The chui'ch at congi'egational level is i'egulai'ly informed by the CouncÈl about global issues i'elating to the envii'oi]meiit, world faiths, intei'_cultural and intei'national i'elations, especially the Middle East. At times the focus may be on encoui"aging advocacy oi raising fiinds for emei'gency L'elief and sustaiiiable developinent iiiitiatives. Funds are normally cliaiineled tluough PCI'S developmeiit pai'tiiers, Clll'istian Aid Ireland and Tearfuiid, oi tluougli ovei'seas paitnei. chui.ch development depai'tments. Atteiition is di'awn to niatteis of global coiicei'ii thi'ough a flow of Pl'ess i'eleases and articles provided foi. the PCI'S publicatioiis, website and also piofiled on social media. A Moderator's Appeal in support of Ukrainian i'efugees was launched early in the yeai. and atti'acted an unpi'eccdented level of fiinding froni tlic widei. cliui'ch. This was followed up in the autumn by the launch of the 2022 World Developmeiit Appeal which is focusing oil the theine, ' Rekindling Hope, aiid dealing with the global challenge of migi'ation. Ovei. the past yeai. the administration of the Couiicil has been taken foi'ward by a small but dedicated staff team. Their oiigoiiig and effective ciideavoiii is deeply appieciated. Page 16

THE PRESBYTERIAN CHURCH IN IRELAND ANNUAL REPORT For the year ended 31 December 2022 Council for Social Witnes5 The Council continues to delivei" a social care sei'vice on behalf of the Presbytei'ian Chui'ch in li'eland. The pi'ogrammes provided l'ange fl'om Child and Adult safcguai.ding for the denoinination, tl]rough the Taking Care programme, to care of people with disabilities and oldei. people, including those with dementia. The Council's woi'k agaiiist their opeiational plan for 2022-3 has beeii pi'oductive and has seen staiidai'ds of care and coinpliaiice with external pi'actice st￿idardS and iegulatoi'y expectations improve Inai'kedly. The main focus of woi'k has, again, been on safe delivery of scivices and adhei'ence to constantly vaiying giiidance around infection conti'ol in the lattei. pai't of the Covid-19 pandeinic. Thi'oughout this period, in common with tlie lest of the social cal'e sectoi, the Council has been under great pi'essui'e to niaintain staffing levels as i'eci'iiitment and i'etention effoi'ts Iiave been cliallenging. Also, iii coinnioii witli the l'est of the sectoi., the Council has had to L'ely on sigiiificant use of costly agency staff to maintain safe service delivery. Disability Sei'vices aiins to delivci. a high sta11d￿'d of day, i'esidential, supported living and iespite caie in vai'ious of die CouLiciI' s services and oveisees the Miiiisti'y of tlie Kinghan Chul'ch and widei Ministry to the Deaf. It contiibutes to the disability, liealth and wellbeing work of the widei. Chui'ch. The Head of Disability Seivices is continuing a i'eview of oui. disability sei'vices witli othei. seiiior maiiagci's. Woi'k has contiiiued through this yeai" to establksh a cleai relationship between PCI and Peacchaven Tillst CLG. Tliis woi'k has taken loiiger than anticipated owiiig to a niiniber of legal aiid i'egulatoi'y matters and it is now anticipated this woik will conclude dui'ing 2023. Older People Services aims to delivei. a high standai'd of day, resideiitial, nuising and i"espite care to all oiii. users and to raise aW￿'enesS of oldei people's issues and needs. It ovei.sees one nursing home, five i'¢sidential cal'e hoines aiid one supported liviiig project in the Republic of Ireland. In total, we piovide services to ai'ound 23 5 iesidents. Specialist Sei'vices ainis to deliver a higli standai'd of seivice to those with addictions an(Uoi- histoiy of offending bcliaviouis and who i'equii'e suppoited liousing. These services continued tkn'oiighout the Covid-19 paiideniic, ￿ld have now i"eturned to noi'mal iiiodes of woi'kirAg. Taking Cal'e (the Safeguarding Progi'amme of the Piesbytei'ian Church) aims to cieate a safe environment for all our membei's, iisei's, volunteeis and staff, Administs'atioii of AccessNI and Gaida checks continued throughout the pandemic, alid more flexible appi"oaches to ts'aiiiiiig ensuied that significant pi'ogi'ess has OCCULTed in raising awal'eiiess of both child and adult safeguai'ding in the chui'ch. Woi'k is Iindeiway to ievise the Taking Cal'e guidaiice and associated traiiiing. A pi'ogiainmc to update policies and procedures in 2023-4 is cuirently being developed. The Couiicil foi. Social Witiiess Biisiness and Finance Panel, which monitoi's the financial nianagement, humaii i'esouices, iiiformatioii technology and Pl'operty management foi" the Council., has i'etiii'ned to full operation alongside the Council, s othei. Cominittees and CSW itself. All meetings are now held iii peison WLth some Teams attendance fi'om a few niembei"s. Occupancy levels in oui. residential cal'e homes has not recovered siiice the Covid-19 pandemic. This is largely diie to challeiiges maintaining staffing levels, although soine histoi'ical pool. financial pei'foimaiice niay have been obscured by pandemic related payments fi'om health bodies. Thei'e has been distinct pi'ogi'ess in iinproving occupancy iii Lawnfield House, althoiigh this i'equires furthei. consolidation. The pi'oposed extension to Hai'old Mccauley House will not pioceed as it lias beeii assessed as pi'oviding inadeqiiatc i'etiirn on iiivestinent. Thei'e is recognition tliat th¢ Council's fiiiaiicial pei'foi'mance is Page 17

THE PRLI SBYTERIAN CHURCH IN IRELAND ANNUAL REPORT Foi. the year ended 31 December 2022 seiiously impacted by failiiig to secure adequate fee income fi'om statiitoi'y fuiideis and individuals. The Council foi. Social Witness agi.ecd to endoi'se a revised chaiging model at a meeting in M￿'Ch 2023 which sliould i'esolve most of the income coiicerns for seivices within a 3-5 year period. Key challeiiges continue in the ￿'eaS of staff i"eciuitment and retention, seciiring statutory fundkng to coveL' Costs in oui. Specialist Services, and the need foi manageis to manage sei.vice budgets C￿'eful1Y. Trustees of the Presbyterian Church in Ireland The Ti'iistees oversaw the various Ti'ust fiinds foi. whicli they ale respoiisible aiid made disti'ibutions in accordaiice with the Lindei'lying terms of each fund, Most of these funds are invested within the General Investm¢iit Fuiid and the divideiid i'eceivcd dui'ing 2022 was 27.op pei share conipared to 26.op in 2021. The total amount dists'ibuted during 2022, iiicluding to iiiternal funds of the Chuich, was £478,469 compaied to £331,298 in 2021 . The largest distiibution is fi'om thc Commutation Fund, throiigh the Sustentation Fund to the Central Ministry Fund of the chui.ch wliich funds the "Regiuiii Doniini" payinent to iniiiistei's. Dui'ing 2022 no bequests weie received compai'ed to £67,387 in tlie previous yeai.. The Trustees coiitinue to bc thankful foi those who decide to financially support the Churcli in this way. At tlie start of 2021, and following appi'oval of a Cy-Pi"es Scheme by the Charity Conuiiission foi. Noi'them Ireland, the Ti'ustees foimally took ovci" i'esponsibility foi. the John Getty Will Triist with net assets of £460,5711'eceived. The oveiall value of investinents managed by tEie Tiustees decreased fi'om £17,361,052 to £15,937,554, of which £15,83 3,557 is invested Én the General Investment Fund. Page 18

THE PREI SBYTERIAN CHURCH IN IRELAND ANNUAL REI PORT For the year ended 31 December 2022 FINANCIAL REVIEW These financial statemeiits consolidate the v￿.louS activities of the Councils of the Geiieral Assembly of tlie Pi'esbytei'iaii Chui'ch in Ii'elaiid and ceitain funds falling undei. the i'esponsibility of the Trustees of the Pi'esbytei'ian Chui'ch in Ireland. They do iiot includ¢ the financial activities of individual congi'egations of the Pi'esbytei'iaLI Cliui'ch in Ireland whicli have theii. OWLI sepai'ate legal Adentity aiid al'e iiidividually registered as chaiities. Fui'thei iiiforniation on the basis of accouiits pi"epai'ation is provided in Accounting Policies Note l. Tlie financial statements foi, each Couiicil and the Tiustees ale included within the "Accounts Book" which is preseiited annually to tlie Genei"al Assembly and whicli is available fl'om Assernbly Buildings. Each Ye￿ Councils and tlie Tivstees iepoi't to tlie Geiieral Assembly and theii. i"eports al'e included within the "Annual Reports" Book to the Genei'al Assenibly which is also available fi'om Assembly Buildings. The "Minutes of the General Assembly and Statistics" Book includes sonie key statistical information and the latest figuies, which are foi. the yeai's ended 31 Decenibei. 2021 and 2020 ￿'e: 2021 2020 530 532 196,334 202,994 88,031 89,102 354 373 £10,554,681 £10,882,625 Congiegations membei.ship Coinmunicant membership Ministei's in active duty Slipend paid to miiiistci's Congregational assessable income Noithei'ii Ii-eland Republic of Il'eland Coiigi'egational other iiicome Northern Ireland Repiiblic of Ireland Coiigregational expenditure Noitliem Ireland Republic of Iieland £36,621,642 £35,828,000 4,028,007 3,801,549 £29,273,568 £28,331,135 2,067,982 1,736,311 £54,907,989 £66,727,164 5,585,214 5,391,964 Dui'ing 2022 I'esouices expended exceeded incomilig resoui'ces by £1,756,112 (2021 .' a siirplus of £1,618,720). This was primaiily due to the impact of cost inci"eases witliin tlie Council foi" Social Witnesses i'esidential facilities which was iiot inatched by an inci'ease iii resideiitial fec income with some facilities opeiatiiig below expected occupancy levels. Oveiall fund balances deci'eased duriiig tlie yeai. fi'om £83,262,604 to £79,479,155 due to the net outgoing resoui'ces and a loss on investnients of £5,117,796. Tliis was paitially offset by the change in the pi'ovision requii'cd foi. peiisioii benefits undei. Fiiiancial Repoiting st￿Idal.d No. 102 as detailed iii Note 14 to the financial stateinents Oiie of the maiii soui'ces of ceiitral inconie is quai'tel'ly assessments fi'om coiigregations. Congrcgational assessments, other than foi. the Pension Fuiid, calculated as a peicentage of a coiigi'egation's assessable income in the pi'eceding yeaL'. The bands used iii 2022 and 2021 ale shown below. The assessinent foi, the Pelision Fund is based on the stipend paid to the ministei of the congiegatioii and the l'ate foi. 2022 and 2021 was 24.0 %. Page 19

THE PRESBYTERIAN CHURCH IN IRELAND ANNUAL REPORT For the year ended 31 December 2022 Assessable income First £10,999 Next £54,000 at Next £65,000 at Next £65,000 at Next £65,000 at Thei'eafteL' at 2022 2021 10.75% 3.50% Nil Nil Received from assessinents £6,043,153 £6,216,746 An analysis of the aniounts allocated to each of the assessmeiit funds is shown in Note 2 to the financial statemeiits. The woi'k of each Council is dependent on a giant being allocated by thc General CouiicÉl out of conti"ibutions i'eceived froni congicgations to the ai]nual United Appeal foi. Missions. Dui'ing 2022 £3,395,948 was iaised froin congi'egations foi. the Appeal compai'ed to £3,340,218 iii 2021. The gi'ants awai'ded to Coulicils in 2022 and 2021 were as follows. 2022 2021 Genei'al Council Council foi Mission in Ireland Council foi Global Mission Council foi Coiigi'egational Life and Witness Council for Training in Ministry Coiincil foi. Social Witness 200,000 1,065,000 1,000,000 640,000 375,000 245,000 123,000 724,500 1,061,500 412,500 402,000 224,500 3,525,000 2,948,000 Income fioLlI donatioiis and bequests decreased fi'om £689,703 in 2021 to £569,050 iii 2022, reflecting a lowel. level of bequest inconie. The aniount iaised toward the World Development aiid Special Appeals in 2022 was £1,941,822 compared to £462,577 in 2021 and ieflect conti'ibutions to the crisis iii Ukraine. Ovei'all expenditure increased fi'om £25,677,375 in 2021 to £30,055,736. This iiicludes expenditiii'e on chai'itable activities foi. which an analysis is pi"ovided in Note l O to the financial statements. Page 20

THE PRESBYTLRIAN CHURCH IN IRELAND ANNUAL PORT For the year ended 31 December 2022 Coiincils and the Ti"ustees hold iiivestments in the Genei'al Investment Fund. This is a common investment fund managed by tlie Tiustees of the Pi'esbyterian Cliurcli in Iieland in which chai'ities connected with the Presbyterian Church in Irelalid can invest. The I"i"ustees of the Piesbytel'i￿l Church in Iielaiid prepare Sep￿.ate financial statements for the General Inv¢stTnent Fund which are iiot incoiporated into the accouiits of the Gcnei"al Asseinbly of the Piesbyterian Chui'ch in li'eland. The shal'es in the Fund are valued on a monthly basis and dividends declai'ed on two occasions diiriiig the yeai., 31 Maich and 30 Scpteinbei.. The TL'UStees declared a dividend of 27.op pei. share in 2022 (2021: 26.Op), The value of a shal'e iii the Fund at 31 December 2022 was £12.2209 coinp￿'ed to £13.3155 at 31 Decembei 2021. The T]￿SteeS of the Presbyteiian Chui'ch iii Ireland ovei-all investmeiit sti'ategy is to prodiice ali acceptable ￿lnual rate of i'etum but also to provide capital growth oveL' the medium to longei. teim. All Fuiids are invested in acooi'dance with the ethical investiiient policy appioved by the Genei'al Assembly of the Pi'esbytei'ian Church in Ii'eland. The Ti'ustees have delegated iiivestment managemeiit of the Geiiei'al Investment Fund to Newton Investment Maiiageinent Liinited who maiiage tlie Fiinds on a discretionaiy basis. The TrLlStees of the Pi'esbytei'ian Cliuich iii Ii'elaiid meet with the investment managers on a regular basis to ieview chaiiges in the poitfolios and iiivestment pel'foimance. The TLllStees liave agi'ced an investment perfoi'mance composite benchii1￿.k with Newton Investment Maiiageinent coinpi'ising the FT Goveinment All Stocks Index, FTSE All-share Index, FTSE Woi'ld ex UK Iiidex, the Propeity IPD and the Stei'liiig Cash LIBID 7 day i"ate. Duiing 2022 the Genei'al Iiivestsnent Fund showed a Iiegative return of 5.50% (2021 i'eturn of15.870/0). RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEI MINTS The Geneial Council is responsible foi. preparing the Annual Report and tlie financial statenients in accoidance with applicable law and United Kingdorn Generally Accepted Accouiitiiig PractACe. Tlie Geneial Council is L'equii'ed to pi'epai'e financial stateiiients for each financial year which give a tiue id fail. view of the state of affaii"s of tlie General Assembly and the financial activities foi that yeai. In prepai'ing the fin￿1claI stateinents the Genei'al Council is rcquii'ed to.. select suitable accounting policies and tlien apply them consistently make judgements and estimates tliat ale i'casonable and pi'udent state whcthei. applicable accounting standards have been followed, subject to any mateiial departures disclosed and explained in tlie fiiiancial statements; and pi'epai'e the financial statements on the goiiig concern basis unless it is inappi'opriate to pi'esuine that the Fulids will contliiue iii opei'ation. The Council is i'espoiisible foi keeping adeqiiate accounting i"ecoi'ds that al'e sufficient to show ￿ld explain the funds tiaiisactions and disclose with I"easonable accuracy at any tiine the financial position of the Funds aiid enable th¢m to ensiiie that the financial statements coniply with the Statcnicnt of Recommended Pi'actice "Accouiiting and Repoi'ting by Charities" They are also i'espoiisible for safeguai.ding the assets of the Fuiids and hence for taking ieasonable steps for the pieventioii and detection of fiaud aiid other ii-iegulaiities. Page 21

THE PRESBYTERIAN CHURCH IN IRELAND ANNUAL REPORT For the year ended 31 December 2022 GOING CONCERN The activities of tlie Couiicils of the Genei'al Assembly of the Piesbyterian chui.ch in Ireland al'e dependent on conts'ibutions fi'om congi"egations to the Uiiited Appeal and the vai'ious Assessment Funds, and in particulai in the case of the Council foi. Social Witness fees earned from L'esidential c￿e activities. Tlie deficit iiiciiired by th¢ Council foi. Social Witness dui.ing 2022 is not sustaiiiable. The Council has beeii notified, by tlie i-elevant Healtli Tiiists, that fee.% foi. residents in its Oldei People Sei-vices al'e to inci.ease by 7.43 % from l Api'il 2023. While this is welcomed it is not sufficient to covei the curreiit cost of providiiig the i-elated sei'vices. Tlie Council has thei'efoie agi'eed to the intioduction of i'esident, s top- up fees fi'om l April 2023 biit as these can only be applied to new residents it will take some tiine foi" the full financial benefit to be realiscd. Tlie CoLiiiciI is also addi-essing the causes of uiiderocciipancy in some of its facilities. With i'egai'd to its Disability and Specialist Seivices the Coiincil is in discussion with fuiiding partners with the aim of ensuriiig the full cost of these services is covered. It is anticipated tliese measiires will allow tlie Councils facilities to opeiate on a sustainable financial footing. The Ti'ustees have assessed thc ability of the Geneial Assembly to continue as a going concei'n foi the pei'iod to 31 May 2024. In particulai., the Ti'ustees have consideied tEie General Assembly's available liquid resources, financial commitmeiits and foi'ecast cash flows foi. the period to 31 May 2024, including considei'ing the I'isk of increases iii expenditure due to inflationaiy piessui.es and cxpected chaiiges in the amount of income fiom congi'egations and resideiitial care activities. Based on theii. assessment the Genel'al Assembly is expected to continue to opeiate within its cash facilities and meet its obligations as they fall due. As a consequence, the Ti'ustees have assessed that it is appropiiate to pi'epare the Geiieial Asselnbly's finaiicial statements on the going concei'n basis. Page 22

THE PREI SBYTERIAN CHURCH IN IRELAND ANINUAL REPORT For the year ended 31 December 2022 RESERVES POLICY Councils of the Genei'al Assembly al'e gelierally funded thl'ough the United Appeal aiid noi'inally have any i'eveiiue ieserves taken into accouiit when being awarded theii awiual giant. Theiefore, such Councils do not noi'mally liold significant reveiiue resei'ves. The policy of the General Couiicil in relation to Uiiited Appeal Fuiids is to hold no mole tliaii one year's gi'aiits to funded Councils in i'eseives. Tlie policy ielating to the Assessnieiit Funds is to hold no mole than one yeai", s expenditiii'e as i"cvenue reserves. Councils oi Agencies of the General Assenibly ale perniitted to niaintain capital iesei'ves (equivalent to coriesponding fixed assets), aiid these noi'mally relate to funding for pi'operties oi. to restiicted bequests Iield in the foiin of investments, which provlde incoine to cover aimual iecui'iing expenditui'e. The Trust¢es policy is to inaintaiii the capital in the vai'ious Funds linder management. Iii tlie Gcneial Investment Fund divideiids are paid based on dividend aiid intei'est income received during the year subject to maintaiiiing a balance in the Dividend Eqiialisation Resei've to mininiise fluctuations in the level of dividends paid. Foi all other Funds, the objective is to dists'ibute incoine receivable dui'ing the year. RISK REVIEW A review of major i'isks has been uiideitaken by the Councils of the Cliui'ch and the Trustees, and systeins and pi'ocedures impleni¢nted to manage identified risks. The pi'incipal i'isks al'e iii relation to the likelihood of i'eputational dainage aiid financial risks associated with fuiiding foi. the pension scheine and other i'etiiemcnt benefits. It is recognised that the ongoing work of the Genei"al Assembly Councils is dependent on funding from congregations, tlll'ough theii members, fi'orn coiigiegational assessincnts aiid contributions towai'ds the United Appeal. These i'isks ale mitigated by Councils and the Tiiistees iegulai'ly nionitoiiiig the ai'eas of work falling under tlieii. i'esponsibility and thiough i'epoi-ts to the Gencial Assembly at its annual ineeting. DISCLOSURE OF INFORIIIATION TO AUDITORS So fai" as eacli person who was a meinbei. of the Genei'al Council at the date of approving this report is awai'e, thei'e is iio i'el¢vant aiidit infoimation, being inforination needed by the auditoi. in connectioii with pi'eparing its iepoit, of which the auditoi. is unaware. Having made eiiquii'ies of fellow Council meinbers and the General Assembly auditor, each Council membei has taken all the steps that they al'e obliged to take as a Council member in ordei. to make themselves awai'e of any i'elevant aiidit infoimatAon and to establish that tlie auditoi- is aW￿.e of that iiiformation. AUDITORS Ei'nst & Yoiing LLP have expiessed theii willingness to continue in office as auditois and a iesolution pioposing their i'eappointmeLIt will be proposed at tlie Genei'al Assembly. Page 23

THE PREI SBYTERIAN CHURCH IN IRELAND ANNUAL REPORT Foi. the year ended 31 Dccember 2022 Bankers Danske Bank Limited Donegall Squai'e West Belfast, BTI 6JS Santandei (UK) plc 301 St Vincent Sti'eet Glasgow, G2 5HN General Assembly Solicitor Mi" Stephen Gowdy King & Gowdy, Solicitoi's 298 Uppei Newtownai'ds Road Belfast, BT4 3EJ Investinent Advisers Newtoii Invcstinent Management Limited Mellon Financial Centie 160 Queen Victoria Sli'eet Loiidon, EC4V 4LA Independent Auditors Ei'nst & Young LLP 16 Bedfoid House Bedfoid Sti'eet Belfast, BT2 7DT Pension Consultants Deloitte Total Rewai'd and Benefits Limited. Lincoln Buildiiig 27-45 Gi'eat Victoiia Sti'eet, Belfast, BT2 7SL Clerk of the Assembly R¢v T D Giibben Fiiiancial Secretaiy Mi. C Knox The Presbyteiian Chui'ch in Ireland Assembly Buildiiigs 2-1 O Fishei"wick Place Belfast BTI 6DW Registered Chal'ity in Noitheiii Ii"¢laiid (NIC104483) Registeied Chai'ity in Republic of Il'eland (20015695) For the Genei-al Council 31 May 2023 Page 24

INDLI PEINDENT AUDITOR'S REPORT TO THE GEINERAL ASSEMBLY OF THE PRESBYTERIAN CHURCH IN IRELAND Opinion We liave audited the fiiiancial statements of The General Assembly of The Presbyteiian Chui'ch in Iieland for the ye￿. ended 31, December 2022 which compi'ise the Statement of Financial Activities, tlie Balance Sheet, the Statcment of Cash Flows and the ielated iiotes I to 26, incllidiiig a SULnmary of significant accounting policies. The finaiicial repoiting framewoi'k that lias been applied in theii pieparatioii is applicable law and United Kingdom Accounting stand￿ds (United Kiiigdom Geiiei'ally Accepted Accounting Pi'actice) including FRS 102 "The Financial Repoiting Standaid applicable in the UK and Republic of Iieland" In oui opinion the finaiicial statements: give a true and fail view of the state of the charity's affaii's as at 31, December 2022 and of its iiicoining resoui'ces aiid applicatioii of iesoui'ces, foi the year then ended; have been propeily prepai'ed in accoidance with United Kingdom Geneially Accepted Accounting Pi"actice' and have been piepaied in accoi'dance with the i'equiiements of the Charities Act (Noi'thern I1'e1￿]d) 2022. Basis for opinion We conducted oui aiidit in accoidance with Intei'national Standai'ds on Auditing (UK) (ISAS (UK)) and applicable law, Oui i'esponsibilities under those standai'ds al'e fuithei described iii the Aiiditor's i'esponsibilities foi the audit of the financial statements section of oui. ieport below. We al'e independent of the chai'ity in accoidance with tlie ethical requiiemeiits that ielevant to oui. audit of the finaiicial statements in the UK, including the FRC'S Ethical Staiidard, and we have fulfilled oui. other ethical i'esponsibilities in accoi'dance witli these iequiiements. We believe that the audit evidencc we Iiave obtained is sufficieiit and appropi'iate to provide a basis foi oui. opinion. Conclusions i'elatlng to going concern In auditing the finaiicial statements, we have concllided that the trustees, use of the going concerii basis of accounting kn the prepaiation of the financial statements is appropriate. Based on the work we have perfoinied, we liave not identified any material unceitaiiities i'elating to events oi coiiditions tliat, individually oi collectively, may cast significaiit doubt on the chaiity's ability to COLltinue as a going concem foi. a period of 12 inonths fiom when the fiiiancial statements ale authorised foi issue. Oui J'esponsibilities and tlie I'esponsibilities of tlie trustees with i'espect to going concei'n al-e desci'ibed in the relevant sections of thks i'epoit. Howevei,, because not all futui'e events oi, coiiditions cali be predicted, this statement is not a guarantee as to the ti-ustee's ability to continue as a going coiicei'n. Other information The othei infoimation compi'ises the infoi'mation incliided in the aimual repoi't, othei ihaii the financial statements and oui. auditoi s ieport theieoii. The tiustees ale i'esponsible foi the othei infoi'mation contained in tlie Annual Report. OLii opinioii on the financial statemeiits does not covei tlie othei. inforniation aiid we do not expi'ess any form of assui'ance conclusion theieon. Page 25

INDEI PENDENT AUDITOR'S REPORT TO THf GENERAL ASSEMBLY OF THE PRESBYTEIUAN CHURCH IN IRELAND CHARITY (cont'd) Oui responsibility is to read the otheL' infoiniation and, in doing so, considei. whethei the otlier infoimation is materially Inconsistent with the fIn￿]cial statemeiits oi. oui kiiowledge obtained in tlie audkt or otherwise appeal's to be materially misstated. If we identify siicli matei'ial inconsisteiicies or apparent inateiial misstatements, we al'e required to deterniine whethei. this gives iise to a mateiial misstatement in the fiiiancial statements tlieniselves. If, based on the woi'k we have peifoi'ined, we concliide that thei'e is a matei'ial Inisstateinent of the othei infoimation, we are i'equii'ed to repoit that fact. We have nothing to repoit in this iegard. Matters on Ivhich we are R"equii'ed to report by exception We have nothing to repoit in i'espect of the following mattels wheie the Chai"ities (Accounts and Reports) Regulations (Nolthern Ireland) 2015 I'equire us to L'epoit to you if, in our opiiiion: the infoi'mation given in the ti'ustees, Annual Repoi"t is incoiisistent iii ￿lY matei'ial iespect with tlie financial statements. oi. sufficient accounting iecords have not been kept. or the financial statenients al'e not in agieement with tlie accounting i'ecoi'ds and i'ctui'ns. or we have not received all tlie ii)foi'mation and explanations we i"equiie for oui. aiidit. Responsibilities of the trustees As explained mole fully in tlie ti'ustees, iesponsibilities statement, set oiit on page 21, the tiustees ale responsible foi. the piepai'ation of the financial statenients aiid foi being satisfied tliat they give a true and fair view, and for sucli iiiteinal contiol as the tiustees deteimine is necessai'y to enable the prepaiation of financial statements tliat al'e fl'ee fi'oin matei'ial misstatenient, whethei. due to fraud oi. eiTOr. In preparing the financial statements, the trustees al-e respoiisible for assessing tlie chai'ity's ability to continue as a going concei'n, disclosing, as applicable, mattel's related to going concern and usiiig the going concei'n basis of accountiiig unless management eithei. inteiids to liquidate the chai'ity or to cease operatioiis, oi- lias iio realistic altei'native but to do so. Auditor's responsibilities for the audit of the financial statements We have been appoiiited as auditor undei. section 65(2) of the Charities Act (Northei"n Iieland) 2022 and report in accoi'dance with the Act arAd i'elevant I'egulatioiis made oi. haviiig effect thei"eunder. Oui. objectives ale to obtain i'easonable assui.ance about wliethei the financial statements as a whole al'e flee fioin niateiial misstalemeiit, whethei. due to fiaud oi ei'ror, aiid to issiie an auditoi's i'epoit that includes oui opiiiion. Reasonable assui-aiice is a liigh level of assui'aiice, but is not a guai'antee that an audit condiicted in accordaiice witli ISAS (UIC) will always detect a matei'ial misstatement when it exists. Misstatenients can ai'ise fiom fraud OL. eiioi. aiid are coiisidei'ed mateiial if, individually OL. in the aggiegate, they could i'easoiiably be expected to influence the economic decisions of usei's taken 011 tlie basis of tliese financial statements. I xplanatioii as to Ivhat extent the audit Ivas considered capable of Iletecting ii'i'egularities, inclu(ling fraud Ii'iegulai'ities, including fi'aud, ai"e instances of non-compliance witli laws and i'egulations. We design pi'ocedures in line with our i-csponsibilities, outlined above, to detect il'A'egulai'ities, iiicliiding fraud. The Page 26

INDEI PENDENT AUDITOR'S REPORT TO THE GEI NERAL ASSEMBLY TRUSTLI ES OF THE PRESBYTERIAN CHURCH IN IREI LAND CHARITY (coiit'd) risk of not detecting a niaterial misstatement due to fi-aiid is higliei. thall tlie i'isk of not detecting one i"esulting fi'om eiioi., as fiaud may iiivolve deliberate coiicealmeiit by, foi cxample, foigeiy or intentioiial misrepreseiitations, oi tFll"ough collusion. The extent to which our procedures are capable of detecting iri'egulai-ities, iiicluding fi'aud is detailed below. Howevei-, the primaiy respolisibility foi. the pi-evention and detection of fi'aud rests with both tliose charged with governance of the entity and management. We obtained an undeistanding of the legal and regulatoi'y fi'anieworks that are applicable to the chaiity and deteimined that the most significant ale the Charities Act (Noi"theiii li'eland) 2022, the Charities (Accounts and Repoits) Regiilations (Noithern Ii'eland) 2015 and The Charities (Annual Retiiin) RegLilations (Noithein Ireland) 2020. In addition, the chai'ity has to comply witli laws and i'egiilations relating to its opei-ations, iiicludiiig the Coronavii'iis Job Retention Scheme iules, health and safety and GDPR. We understood how the Ch￿ltY is complying with those fiamewoiks by Inaking enquiiies of the trustees and management of the chaiity to understand how tlie charity maintaiiis aiid communicates its policies ￿]d procedLlI'es in these ai'eas. We cori'oboiated oui. iiiquiiies through leading minutes of tiustees, meetings and coiiespondence witli relevant authoiitics. We assessed the susceptibility of the chaiity's financial statemeiits to material niisstatement, including how fraud might occui. by considerilig the i'isk of management ovei"i'ide aiid by assuniilig the i"ecognition of ceitain eleinents of voluntai'y income, inconie fi'om chai'itable activities and investmeiit income to be fiaud i'isks. Our testiiig of such income included agreeing specific 'aiisactions to soiiice documeiitatioii and the i'eceipt of payment in bank stateinents, testiiig ceitain manual journals, and leading niiiiutes, legal docunientation and i'ecoids maintained by tlie trustees. Based on tliis undeistanding we designed oui audit piocedures to identify iioncompliance with such laws ￿ld i'egulations. We lead the minutes of tiustees, meetings to identify any non-compliance with laws and regulations. We also rnade enquiries witli the ts"ustees and of niaiiagemcnt of the chai.ity i'egaiding conipliance with laws and regulations. A fui-thei. desci'iption of oui. i-espoiisibilities for the audit of the financial statenients is located oil tlie Financial Repoi'ting Council's website at https;//www.frc.oi'g.uk/auditoi'siespoiisibilities. This descL'iPtion fom]s pait of our aiiditoi s repoit. Use of our i'eport This i'epoi't is niade solely to the Tiustees, as a body, in accordance with Part 4 of the Cliai"ities (Accounts aiid Repoi'ts) Regulations 2015. Our audit woik has been undeitaken so that we inight state to the cliai"ity's tiustees those mattel's we al'e i'equiied to state to them in an auditors, i'epoit and foi. no oth¢i' pui'pose. To the fullest ¢xtent pei'mitted by law, we do not accept oi. assume responsibility to anyone othei. than the chai ity and the chal'ity's tiustees as a body, foi. oui. audit work, foi this iepoi't, oi" foi the opinions we Iiave foimed. ERNST & YOUNG LLP Statutoiy Aiiditoi. B¢lfast Date 31 May 2023 Eriist & Youiig LLP is eligible to act as ali aiiditor iii tei'ins of section 1212 of tlie Coinpanies Act 2006 Page 27

THE PRESBYTERIAN CHURCH JN IRELAND STATEMEI NT OF FINANCIAL ACTIVITIES (including Income and Expenditui'e Accoviit) For the ear ended 31 Deeember 2022 Total Funds 2022 Total Fiinds 2021 INCOMING Rfi SOURCEI S Iiicoming resouices fi'om genei'ated funds VOlunt￿Y income Activities for geneiating fuiids Investment income Incomiiig resources fi'om charitable activities Othei. incoining i'esoui'ces 6,805 13,171,099 423,810 285,606 13,177,904 12,426,595 712,344 416,316 2,928 16,643 1,020,210 13,018,173 342,434 1,379,287 1,265,210 13,018,173 12,649,323 11,916 11,916 538,651 Total incoming i'esoui'ces 447,258 27,507,004 345,362 28,299,624 27,296,095 REI SOURCES II XPEI NDED Costs of generating funds Costs of geneiating voluntaiy income Fundraising ts'ading: costs of goods sold and othei" costs Charitable activities Governance costs 4,783 73,516 73,516 14,272 10 853,663 28,942,265 2,489 153,426 25,398 29,821,326 25,537,177 4,979 160,894 121,143 Total iesouices expended 929,668 29,095,691 30,377 30,055,736 25,677,375 Net (outgoing) l incoming resources before ti'ansfers and recognised gains and losses Peiision repoiting adjustments undei. FRSI 02 Ti"ansfers Recogiiised iiivestment gaiiis Actuaiial (loss) / gaiiis on pensioii benefits (482,410) (1,588,687) 314,985 (1,756,112) 1,618,720 14 (535,740) (535,740) (2,251,089) 183,657 123,678 (307,335) (67,473) (480,613) (4,569,710) (5,117,796) 7,121,257 3,626,199 3,626,199 (1,030,296) 12 131 14 Net inovement of funds Total fulids as pieviously reported (366,226) 1,144,837 (4,562,060) (3,783,449) 5,458,592 4,142,078 27,259,005 51,861,521 83,262,604 77,804,012 Total funds cairied forwaid 26 3,775,852 28,403,842 47,299,461 79,479,155 83,262,604 Tlie Stateiiient of Fiiiancial Activities includes all gaiiis and losses i'ecognised in the yeai.. All incoiniiig I'esoiii'ces and i'esoiirces expended derive fi'oin coiitiiiiiiiig activities. Page 28

THE PRESBYTIRIAN CHURCH IN IRELAND BALANCE SHEET As at 31 December 2022 Total Funds 2022 Total Funds 2021 FIXED ASSEI TS Tangible assets Investments 15 16 3,011,313 753,321 14,396,406 1,020,000 10,959,724 45,103,975 18,427,719 56,817,020 18,665,225 62,432,252 Total Fixed Assets 3,764,634 25,356,130 46,123,975 75,244,739 81,097,477 CURRENT ASSEI TS Debtoi's Loans ieceivable Cash at bank and in liand 17 18 19 30,308 2.478,466 511,182 12,584,515 4,572 172,368 1,104,528 2,513,346 683,550 13,702,420 2,073,245 405,798 15,585,549 13,377 Total CuiTent Assets 43,685 15,574,163 1,281,468 16,899,316 18,064,592 LIABILITIES Cieditois., Amoiints falling due witliiii oiie y¢ai' 20 (32,467) (3.108,097) (105,982) (3,246,546) (3,401,499) NET CURRENT ASSfiTS 11,218 12,466,066 1,175,486 13,652,770 14,663,093 Creditors: Amounts falling du¢ aftei. mol'e than one yeai. Pi'ovisions foi. liabilities and chaiges 21 (450,342) (450,342) (439,788) 22 (17,887) (17,887) (17,594) NET ASSETS excluding pension asset and liability Pensioii asset Pension liability 3,775,852 37,353,967 47,299,461 88,429,280 95,303,188 14 14 (8,950,125) (8,950,125) (12,040,584) NET ASSETS including peiision asset and liability 3,775,852 28,403,842 47,299,461 79,479,155 83,262,604 FUINDS Endowment funds Restiicted funds Dcsignated funds 26 26 26 47,299,461 47,299,461 28,403,842 3,775,852 51,861,521 27,259,005 4,142,078 28,403,842 3,775,852 Total Fulids 3,775,852 28,430,842 47,299,461 79,479,155 83,262,604 The financial statcnients wei'e appi'oved and a thorised foi issue by the Geiiei'al Council. Foi. tlie Genei'al Council 31 May 2023 Page 29

THE PREI SBYTfRIAN CHURCH IN IRELAND STATEMIINT OF CASH FLOWS For the ear ended 31 Deeember 2022 2022 2021 Recoiiciliation of nel niovenieiit offiinds to lotal cnsli infloivs / (oiilfloivs)fi'oHi cliciritable nctivilies Net movement of funds Ti'ansfei. of John Getty Will Ti'ust Depreciation on fixed assets Exchange (gaiii) I loss on ti'anslation of fixed asscts Loss / (gain) on investinents Actuaiial (gain) / loss on pension obligations Pension ieporting adjustmellts FRS 102 Gain on disposal of fixed assets Exchange loss l (gain) on aiid i'eleasc of defeiTed gL'aLIts (Increase) I decrease iii dcbtois (Inci'ease) / deci'ease in loans ieceivable (Deciease) / inci'ease in cieditoi's (3,783,449) 5,458,592 (453,779) 956,046 78,119 (7,121,257) 1,030,296 2,251,089 (538,649) (1,825) 16,479 108,632 305,713 952,523 (48,196) 5,117,796 (3,626,199) 535,740 (11,916) 293 (440,101) (277,752) (144,399) Net cash (outflow) / inflow fi.om charitable activities (1,725,660) 2,089,456 Fiiiaiicial investnteiil Payments to acquire fAxed assets Proceeds fi'om disposal of fixed assets Payments to acquii'e investnients Proceeds fi'om disposal of investments (666,821) 11,916 (2,561) 499,997 (625,188) 1,155,095 (4,016) (157,469) 525,891 Total cash (outflows) / inflows from chai'itable activities (1,883,129) 2,615,347 Recoiiciliation of nel casli (oiitfloiv) /iiifl. oiv to niovemeiit iii baiik and casli balaiices Cash and bank balances at elid of yeai. Cash and bank balances at start of ye￿. 13,702,420 15,585,549 15,585,549 12,970,202 (Decrease) / Increase in cash and bank balalices iii the ye￿. (1,883,129) 2,615,347 Page 30

THE PREI SBYTIRIAN CHURCH IN IRELAND NOTES TO THE FIIYANCIAL STATEMENTS 31 December 2022 I. ACCOUNTING POLICIES AND BASIS OF ACCOUNTS PREI PARATION (i) BASIS OF PREPARATION AND GOING CONCERN The financial stateinents have been prepaied in accordance with Accouiiting and Repoiting by Chaiities: Stateinent of Recomineiided Practice applicable to charities pi'eparing their accounts in accol'daiice witli the Financial Repoiting Standaid applicable in tlie UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS102)). The Presbyterian Chui'ch in Iieland ineets the definition of a piiblic bencfit entity under FRS 102. Assets and liabilities ale initially i'ecognised at histoi'ical costs or transaction value unless othei'wise stated in the i"elevant accounting policy note. These financial statemeiits reflect the activities of tlie Gciiei'al Assembly of the Presbytei'iaii Chuich in Ii'eland. They do not iiiclude the financial activities of congiegations of the Pi'esbyteiian Chui'ch iii li'eland. These liave their owii sepaiate legal identity aiid are iiidividiially i'egistei'ed as chaiities with HM Revenue and Custoins. The accounts do not iiiclude the financial activities of associated oi'ganisations and in paiticular The Pi'esbytei ian Cliildi'en, s Society, The Pi'esbytei'ian Widows Fund Associatioii, The Old Age, Pi"¢sbyteriaii Women's and Indigeiit Ladies, funds and The Pl'esbyterian Histoi'ical Society which ale sepaiately coiistituted aiid PI.ep￿e tlieii own fiiiancial statements. These financial statements do iiot include the Genel'al Investment Fuiid, a common investment fuiid, which is managed by the Trustees of the Pi'esbyterian Chuich in Ireland. The Tiustees pi'epare a sepaiate set of accounts foi. the Geiieial Investment Fund in accordaiice with the Statement of Recoinmended Practice: Financial Stateinent of Autlioiised Fiinds (May 2014, as amended in June 2017). The Stat¢ment of Recoiniiicnded Pi'actice "Accounting and Repoi"ting by Chai'ities" (FRS102) i'equii'es charities to accoiint foi. tlie propel. administi-ation of individual funds in accordaiice with theii. I'espective terins. ch￿ItIeS will iioi'mally Iiave ihe following types of fuiids.. Uill'estricted funds where the fund cali be applied foi geiieial pui'poses. Designatcd funds where um'esti"icted f￿}dS ai"e eaiinai.ked foi. specific pui'poses. Restricted funds wliei'e the funds niust be applied foi a specific piiipose and. Endowment funds - where the fund must be pei'manently inaintained. As noted undei the Principal Activities section of the Annual Repoi't the Genei'al Asseinbly is atteiided by activ¢ aiid i'etii'ed ininisteis and iepieseiitative eld¢i's froin eacli congi'egation each with voting riglits. The Genei'al Assembly endeavoui"s to set the level of the Uiiited Appeal and tlie lates of assessments at amounts which congl'egations cali affoid to Ineet from theii incoming i'esources. Tliis should pi'ovide the financial siippoit Councils i'equii'e to coiitinue their activities and the woi'k cairied out tlu'ough the vaiious assessment funds. The activities of the Coiincils of tlie Geneial Asseinbly of the Pi'esbyterian Church in Iieland al'e dcpeiident on contribiitions fi'oin congregations to the United Appeal and the vai'ious Assessniciit Fuiids, and in particiilar in the case of the Couiicil foi. Social Witiiess fees eained fi'oni i-¢sideLltial care activities, The deficit incui'red by the Council for Social Witiiess dui'ing 2022 is iiot sustainable. The Council has been notified, by the L'elevant Health Trusts, that fees foi L'esidents in its Oldei People Services al'e to inciease by 7.43 % fiom l Apiil 2023. Wliile this is welconied it is not sufficieiit to cover the cui.rent cost of pioviding thc i'elated services. The Council lias thel'efore agreed to the inti'oduction of i'esideiit, s top- up fees fi'oin l Api'il 2023 but as these can only be applied to iiew iesidents it will take some tinie foj. the Page31

THEI PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS 31 Decembei. 2022 (i) BASIS OF PREPARATION AND GOING CONCERN (cont?d) full financial beiiefit to be i'ealised. The Council is also addiessiiig the causes of iiiid¢i'occupancy in some of its facilities. With iegai'd to its Disability and Specialist Sei'vices the Council is in discussion with funding partneis with the aim of ensui'iiig the full cost of these services is covei'ed. It is anticipated tli¢se measui'es will allow tlie Councils facilities to opei'ate on a sustainable financial footing. Tlie Trustees have assessed the ability of the General Assembly to continue as a going coiicein foi the period to 31 May 2024. 111 pai'ticulai., the Tiustees have considei'ed the Geneial Assenibly's available liquid i'esoiirces, financial commitments aiid forecast cash flows foi. the period to 31 May 2024, including considering the i'isk of incieases in expeiidituie diie to inflationai'y piessuies and expected changes in the amount of income from congregations and residentAal caie activities. Based on theii. assessmeiit the General Assembly is expected to continue to opeiate within its cash facilities and nieet its obligations as they fall due. As a consequence, the Ti"ustees Iiave assessed that it is appropi'iate to piepare the Geiieral Assembly's flnancial stateinents oil the going concein basis. (li) SOURCEI S OF INCOME The main SOUL'ce of incomiiig i'csoui'ces from the Councils established by the Genei'al Assembly is fi'om coiigregational donations to the Uiiited Appeal and fioin Congi'egational Assessmeiits. Coiitributions to the United Appeal ale to suppoit the Mission woik of the General Assembly and Car￿0t be used for other puiyoses. Coiigregational Assessnients ale used to support coiigregations who al'e unable to fully fund the cost of tlieii. ministerial staff and also pi'ovide centi'al support to congi'egations. Coiigiegational Assessments also inake piovision foi ministei'ial pension in respect of pi'e-1978 service foi. ministeis and theii widows and foi. othei. specific puiyoses. Tliei'efoie, in pi'¢paring tliese financial statements the activities of those Councils of the Genei'al Asscnibly which i'eceive fiinding eithei" from United Appeal or from Congregational Assessmeiits Iiave beeii ti'eated as iests'icted funds. Coiincils niay also receive direct support foi- their owii activities, e.g. doiiations, legacies or giaiits. These funds are ti"eated as being applied lowai'ds a Councils costs iii pi'ioiity to any funding fi.om United Appeal or Congi'egational Assessments. United Appeal Fundiiig, iii particulai., is therefoi'e seen as deficit funding. (iii) VOLUNTARY INCOME (a) Congregational Assessments Assessmeiits on Congi"egatioiis arc i'aised foi. the following funds: The Central Ministry Fund - tliis fund provides suppoi't to congi'egations who al'e unable to finance the cost of theii. ministeiial staff aiid also pi'ovides other financial suppoit to congi'cgatioiis. The Retired Ministers, Fund - this fund piovides peiisions in respect of ministeiial sei'vice pi'ior to I April (1978). Seivice after that date is funded by The Pi'esbytei'ian Church in Iieland Pensioii Scheme (2009). The WidoTrvs of Ministers, Fund- this fuiid pi'ovides pensions to widows of Iniiiisters in respect of ministei'ial service pk'ior to l April 1978. Sei'vice aftei that date is funded by The Pi'esbytei"Aan Chiirch in Iieland Pensioii Scheme (2009). The Pi'olonged Disability Fund - this fund pi'ovides fiiiancial assistance to ministei"s who al'e incapacitated and unable to fulfil the substantial duties of theiL' Posltion. Page 32

THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 (iii) VOLUNTARY INCOME (cont'd) The Incidental Fund- this fund pi'ovides fiiiaiicial assistance towaids Council and Committee menibei's, expenses and membership of ceitaiii affiliated oiganisations. MillisterAal Development Fund - this fund pi'ovides financial aSsist￿lCe to ministeis for in-service training and sabbatlcal leave. Assembly Buildings Repaii"s this fund pi'ovides finances foi. repaii's to Assembly Buildings. Students Bursary Fund - tliis flind provides assistance to students undeitalcing ts"ainiiig foi the ministry. Sick Supply Fund - this fund provides assistance to congregations witli pulpit supply where the ministei is ill. Pension Scheme Fund (2009) - this fund i'eceives contiibutions froiii congi'egations towal'ds the accrued pension liability foi. ministers of congregations. Assessments foi. these fiiiids ale i'aKsed on a quai'terly basis for the quai.ters coinmencing Januai'y, April, July aiid Octobei.. Assessnients al'e accounted foi. as they acciue to the Presbyteiian Chuicli in Ii'eland. Ministers, Stipend, Pension and National Insurance Tlie Genei'al Assembly of the Presbyterian Chui'ch in Ii'eland operates a centi'al payioll fol. tlie ininistei's in congi'egatioiis. The related costs ale initially paid through ceiiti'al funds and then collected from congiegations with the Asscssmeiits. As the Genei'al Assembly of the Pi'esbyterian Church in Ireland only act as an agent in the collection and disbiii'sement of these funds, such costs al'e not ieflected in these finaiicial statemeiits but are included in the financial statements of individual congregations. (b) Congregational Contributions Contributioiis to the United Appeal Fund are accounted for on an acci'ual basis and the accounts thei'efore i"cflect the amount ieceivable fi'om congregatioiial conti'ibutions foi. the calendai. year appeal. Othei. congregational conts'ibutions are accounted foi wh¢n received. (c) Legacies Legacies al'e accouiited foi. when i'eceived oi eai'lieL' if theie is ieasonable cei-tainty that it will be received and its value can be measuied with suffLcient i'eliability. This will noi'mally be wheii notification of the legacy is received fi'om the pei'sonal repiesentatives of the estate. Whei'e a material legacy lias been notified but the conditions of iecogiiition in the Statement of Financial Activities have Llot beeii niet details al'e iiicluded in the notes to the accoiiiits. (d) Trust Funds Income from Tiust Funds is accounted for when the aliioiint payable is notified. {e) Other Income Otliei. income is accoiinted for wEieii i'eceived. Sei'vices pi'ovided by vollinteei's al'e not included in the Statement of Fiiiancial Activities biit ale disclosed ILI the Ti'ustees, i'epoit. Page 33

THEI PREI SBYTERIAN CHURCH IN KREI LAND NOTES TO THL FINANCIAL STATEMEI NTS 31 December 2022 (iv) IINVESTMENT INCOME Investment incoine is accounted foi on a ieceivable basis. Interest due at the year end oil fixed intei'est invcstmeiits is included in the valuation of tliose investmeiits. (v) INCOMING RESOURCES FROM CHARITABLE ACTIVITIII S (a) Grants Receivable Gi'ants ale accounted for when entitlement is appioved aiid notified by the awai.ding body. (vi) RESOURCES EI XPENDED Expenditure is iecognised when and to the extent that a liability is incuiied, when authorised by the relevant Council of the Chul'ch or when a legal obligation aiises. (vii) FIXED ASSETS Fixed assets are recorded at cost or valiiation. Fixed assets i'¢ceived as gifts are capitalised at tlieii. estimated valuation and the equivalent ainount included as voluntaiy iiicome. Depieciatioii is recoi'ded on all tangible fixed assets othei than fi"¢ehold land, at l'ates calculated to wi'ite off the cost, less estimated i'¢sidual value, of each asset over its expected useful life as follows: Buildings ovei. 50 yeais Fixtures, fittikigs and equipmeiit over 10 years Motor vehicles ovei 4 yeais Coinputeis, softwaie and technical equipment. over 4 yeais The caiTyiiig values of fixed assets are i'evkewed foi impaimicnt when events or changes in cii'ciimstances indicate tlie cai'rying valiie may not be i'ecovei'able. (viii) INVEI STMENTS Investments are valued at the last traded or closing mid-m￿.ket price at the balance sheet date and the gain oi loss takeii to the Statement of Fiiiancial Activities. Incoiiie acci'ued on fixed intei'est holdings is includcd as part of the valuation of investments at the year end. (ix) EI XCHANGE RATES Activities based in the Republic of Irelaiid Assets and liabillties denominated iii Eui'o are ti-anslated at tlie late of excliange niling at the Balance Sheet date. Tiansactions in Euio cui"i'encies ale i'ecorded at the average l.ate of exchange and all diffei'ences al-e takeii to llie Statement of Financial Activities. Transactions in Foreign Currencies Tiansactions incul'ied dui'ing the ycaL' iii foi-eign Cliiiencies al-e ti'aiislated at the late of exchaiige i'iiling at the date of the transactioii. Page 34

THE PRE( SBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMEI NTS 31 December 2022 (x) PENSIONS AIYD OTHER POST-Rfi TIREMII NT BENIFITS The cost of pi'oviding benefits under the defined benefit scheme is determined using the projected iinit Lnethod, which atti'ibutes entitlemeiit to benefits to the cui"I'ent period (to determine cui'rent seivice cost) and to the cu￿ent and pi'ior pei'iods (to detei'mine the piesent value of defined benefit obligatioiis) aiid is based on actuaiial advice. Past seivice costs are recognised in the Stateineiit of Financial Activities oil a sti'aight-liiie basis over the vesting pei'iod oi. iininediately if tlie benefits Iiave vested. When a settleineiit oi. a cuitailment occui the change in tlie pieseiit value of the scheme liabilities and the fail value of tlie plaii assets reflects the gain oi- loss which is recognised iii the Statemeiit of Finaiicial Activities. Losses e Incasuied at the dale that the chui.ch becomes deinoiisti'ably coininitted to tlie ti'ansaction and gains when all pai'ties whose consent is iequired al'e ii'i'evocably comniittcd to the ti'ansaction. The inteiest elemeiit of tlie defined benefit cost repi"esents tlie change in pieseiit value of sclieme obligations i'esulting froni the passage of time, and is deterinined by applying the discount ratc to the opeiiing piesent value of tlie benefit obligation, takiiig into accouiit mateiial changes ILI the obligatioii diiiiiig tlie year. The expected ietui'ii on plan assets is based on an assessmeiit Inade at tlie begimiiiig of the yeai of loiig-tei'ni maikct ietui'ns on sclieine assets, adjusted foi. the effect on the fail. value of plan assets of contiibutions received aiid benefits paid during the yeai. The differciice between the expected i'etui'n oil plan assets aiid the inteA'¢st cost is i'ecognised in the Statement of Financial Activities as other finance income or expense. Actuai'ial gaiiis and losses al-e iecogiiised iii full in the period in which they occui.. The defined bcnefit pension asset oi liability in the balance sheet comprises the pi'esent value of the defined benefit obligatioii (using a discount late based on high quality corpoiate bonds that liave been i-ated at AA OL. eqiiivalent status), less any past sei'vice cost not yet recogiiised and less the fair valiie of plan assets out of which the obligations al'e to be settled directly. Fail. value is based oil market piice Iifoiination ￿ld in the case of quoted secui'ities is the piiblished bid piice. The value of a net penskon benefit asset is liniited to the ainouiit that may be recoveied eithei. tkn'ougli L'cduced conti'ibutions or agreed i'efunds fi'om the scheme. Contributions to defined coiitiibution schemes al'e recogiiised in the Statement of Financial Activities iii the peiiod in which they become payable aiid unfunded. Contiibutions to otliei. post-ietirenient benefits al'e recognised in the Statement of financial Activities in the pci'iod in which they become payable and uiifunded. (a) The Presbyterian Churcli in Ireland Pension Scheme (2009) A liability has been i'ecognised in i'espect of tlie entii'e menibei'ship of this Schenie. These accounts, as noted above, do not include the accounts of congi'egations of the Presbytei'ian Chui'ch iii li'eland or the costs i'elating to niinistei's of those congiegations who ale inembeis of the scheme. Althoiigh the fiill liability of tlie pension scheme is shown as a liability on the balance sheet, congi'egations conts'ibute to the pension cost of miiiistei's by way of an assessineiit aiid tlie amount received is shown in Note 2 to tlie accounts and the amoiint paid to the scheme in Note l O. The peiision liability is thei"efoie expected to be sigiiificantly funded by ongoing annual assessments oil congiegations. Page 35

THE PRESBYTIRIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 (b) Other Retirement Benefits A liability Iiad been i'ecognised iii i'espect of pensions payable by the Retiied Ministers, Fund and the Widows of Ministers, Fund to ininisteis and their widows respectively in icspect of a minister's seivice prioi to l Api'il 1978. A liability has also been included iii respect of some other unfunded i'etii"ement aiTangements and in respect of membeis of the Pensioii Trust Giowth Plan. (xi) RELATED PARTY TRANSACTIONS Income or expenditui'e ieceived fi.om oi. paid to congi'egations and agencies is sep￿.atelY disclosed, but due to the volume of some of these tiaiisactioiis they ale aggi'egated by natuie of incotne or expenditui'e. (xii) CAPITAL AND REVEI NUE GRANTS Capital giants ai"e treated as defened incoine and ￿'e capitalised and ci'edited to the Statement of Financial Activities in linc with tlic depieciation of the assets. Revenue giaiits ale credited to tlie Statement of Financial Activities at the same pei'iod at the expenditure to which they relate (xiii) RESERVES Reserves al'e priniaiily lield in the form of investments oi. bank balances to pi'ovide a soui'ce of income foi., oi. to fund expenditure ielated to chaiitable activities wliich are incuried before incoming resoul'ces al'e i'eceived. (xiv) LIABILITIES Liabilities al'e recognised when theie is an obligation committing any Council of the General Assembly to the expenditui'e. (xv) FUNDS Restiicted fLinds (incliiding endownient ftinds) al'e to be used foi specific pui'poses as specified by the doiioi.. Expenditui'e which meets these criteiia is ideiitified to the fund, tog¢theL' Wlth a fair allocation of oveiheads and support costs, if applicable. Uiu'estricted funds ale donations and othei incoming resoui'ces i'eceived foi charitable pui'poses. Designated funds are uiii'estricted fuiids eai'marked fol. particulai. puryoses. (xvi) JUDGEMENTS AND KEY SOURCEI S OF STIMATION UNCERTAINTY Tlie piepai'ation of financial statements i'equires nianagemeiit to make jiidgemeiits, estimates and assumptions that affect the amounts i'epoi'ted foi. assets and liabilities as at the balance slieet date and the amouiits i"epoited foi. ievenues aiid expeiises dui.ing tlie year. Howevei, the Iiatui'e of estiination means that actual outcomes could diffei fi.om those estiinates. The estimation of and accoiinting foi. i'etirenieiit benefit obligations involves judgements made in coiijunctioii with iiidependent actiiai ies. This involves estiinates about uncertain futuie events incliiding the iecoveiy of net pension benefit assets, the life expectaiicy of scheme membei's, futiii'e salai'y and peiision increases and inflation as well as discoiint i"ates. The assuinptions used by the Chui'cli and a sensitivity analysis of the assumptioiis al'e desci'ibed in note 14. Page 36

THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 2. VOLUNTARY INCOME Total Funds 2022 Total Fuiids 2021 Congi'cgational Assessments Ceiits'al Ministi'y Fund Widows of Ministeis Fund Incidental Fund Asseinbly Buildings Repaiis Piolonged Disability Fuiid Miiiisteiial Developnieiit Fund Sick Supply Studeiits Biii'sary Fiiiid Pension Scheme Fund 1,162,111 231,727 857,982 463,818 186,476 106,478 13,981 440,605 2,579,975 1,162,111 1,303,731 231,727 286,982 857,982 965,331 463,818 548,025 186,476 211,028 106,478 135,743 13,981 20,884 440,605 182,544 2,579,975 2,562,478 6,043,153 6,043,153 6,216,746 Congregational Conts'ibutions to Uiiited Appeal Woild Development Appeal Special Appeals - Presbytei"ian Women Students BLlI'sai'y Fund Sunday School Projects Council for Mission in Irelaiid Otliei. 3,395,948 500,367 1,441,455 351,319 61,886 3,395,948 3,340,218 500,367 187,704 1,441,455 274,873 351,319 298,065 61,886 15,338 5,441 56,507 34,461 103,313 44,456 103,313 44,456 5,898,744 5,898,744 4,212,607 Gifts and Donations Legacies Tiust Funds Coronaviius Job Rctention Scheme Home Mission Propei'ties Gi'ants i'eceivable Othei. 521,713 47,192 155,386 521,713 47,337 155,386 352,204 337,499 572,369 229,779 457,361 11,236 36,794 145 350,866 29,281 124,764 350,866 29,281 131,424 6,660 6,805 1,229,202 1,236,007 1,997,242 Total 6,805 13,171,099 13,177,904 12,426,595 Thei'e were iio legacies which have beeii notified which have not been included in the Statement of Fiiiancial Activities. Page 37

THE PRESBYTERIAN CHURCH IN JRELAND NOTLI S TO THE FINANCIAL STATEMEI NTS 31 December 2022 3. ACTIVITIES FOR GENERATING fi UNDS Total Funds 2022 Total Funds 2021 Retjtal income fi'oin piopeity sui'plus to opeiational i'equii'einents Sale of goods and services 423,810 229,807 2,928 656,545 383,503 55,799 55,799 32,813 Total 423,810 285,606 2,928 712,344 416,316 4. INVEI STMENT INCOME Total Funds 2022 Total Funds 2021 General Investinent Flind Equities liiteiest oil deposits Interest on loans 1,265,887 1,222,124 5,787 6,652 101,043 31,839 6,570 4,595 Total 1,379,287 1,265,210 Tlie dividend i"eceived on shares held in the Genei'al Investments Fund was 27.op pei. share in 2022 conipared to 26.op in 2021. Page 38

THL PRESBYTEI RIAN CHURCH IN IRELAND NOTEI S TO THE FINANCIAL STATEMII NTS 31 Deeember 2022 5. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Total Funds 2022 Total Fukids 2021 Sale of Church Magazines & Publications Hei'ald Magazine Hymnboolc Royalties Widei Woild Publishing seivices Adveitising in niagazilies 140,560 923 63,141 6,184 19,257 140,560 923 63,141 6,184 19,257 4,935 608 26,582 4,000 9,662 230,065 230,065 45,787 Reiital inconie fiom pi'ovision of accominodation including students Fees and contiactual paynients fi.om goveiimient oi public authoiities Caie for the Elderly Caie for Disability Rehabilitation of Offenders Alcohol and Di"ug Abuse Youth Woi'k Deaconesses Union Theological College Stiident Bui'sary Covid-19 L'elated giants Extei"nal grants Othei. 524,918 524,918 434,615 7,525,698 2,039,232 556,228 813,296 5,099 325,179 193,612 30,273 395,850 366,883 1,840 7,525,698 7,475,222 2,039,232 1,644,851 556,228 535,874 813,296 729,578 5,099 325,179 193,612 30,273 395,850 366,883 1,840 269,269 276,593 6,288 878,990 352,256 Total 13,018,173 13,018,173 12,649,323 Tlie exteriial gi'ants include Miseaii Cara Ulstei. Scots Agency Regional Voluntaiy Youth Oi"ganisation Department foi" Fol'eign Affaiis Pi'ison Chaplaincy Depaitment Heath aiid Social Seivices Otlier 195,772 36,389 16,500 80,256 57,473 85,300 14,747 53,661 44,014 16,787 55,201 46,952 16,069 366,883 352,238 Page 39

THE PREI SBYTERIAN CHURCH IN IREI LAND NOTES TO THEI FINANCIAL STATEMfiNTS 31 December 2022 6. OTHER IINCOMING REI SOURCES Total Funds 2022 Total Fuiids 2021 Gaiii on disposal of fixed assets Gain on disposal of investsnents 11,916 11,916 538,649 11,916 11,916 538,651 7. COSTS OF GEI Nli RATING VOLUNTARY INCOME Total Funds 2022 Total Funds 2021 Promotional Matei'ial United Appeal 4,783 8. FUNDRAISING TRADING: Costs of good5 sold and otlier costs Total Funds 2022 Total Funds 2021 Letting expenses - Confeiencing 73,516 73,516 14,272 Page 40

THE PRESBYTERIAN CHURCH IN IREI LAND NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 9. GOVERNMENT GRANTS Total Funds 2022 Total Funds 2021 Coi'onavirus Job Retention Scheme Other Covid-19 related giants 229,779 878,990 395,850 395,850 1,108,769 There al'e no unfiilfilled conditions and other contingencies attacliing to giaiits tliat have been i"ecognized iii inconie. The Churcli has not diiectly benefited from any fornis of govei'iimeiit assistance. 10. CHARITABLEI ACTIVITIES Total Fiinds Total Funds 2021 2022 Coiincil foi Global Mission CoLll]cil for Mission in Ii'eland Council foi. Social Witness Council foi. Congregational Life and Witncss General Council Council foi Ti'aiiiing in Miiiistl'y Special Appeals East Afl'ica Moderatois Chi"istnias (Coronaviriis) Ukn'aine Ci'isis Pi'esbytei'iaii Women Grants distributed by the Tiustees of the Presbytei'ian ChLiich in Ii'eland uiidei. vaiious Trust funds 2,565,104 1,763,456 2,047,249 1,806,893 13,438,399 11,783,901 624,797 606,627 5,242,355 5.021,999 1,776,185 1,539,437 3,115 278,870 1,353,845 176,648 162,014 46,869 34,571 27,271,451 23,000,883 Peiision Conti'ibutions i'elatiiig lo congregational rninistei's funded tlll'ough coiigregational assessment 2,549,875 2,536,294 29,821,326 25,537,177 Page 41

THE PREI SBYTERIAIY CHURCH IRELAND NOTEI S TO THE FINANCIAL STATEMINTS 31 December 2022 10. CHARITABLE ACTIVITIES (cont'd) Total Funds 2022 Total Funds 2021 Included in £27,271,451 (2021 £23,000,883) above al'e the following costs iii iespect of peisonnel.. Salai'les and Allowances National Insuiaiice Pension Conti'ibutions 10,808,559 10,256,107 945,240 736,876 1,309,529 1,244,455 13,063,328 12,237,438 638,721 683,198 Peiision Paylnents 13,702,049 12,920,636 Tlic avei'age iiumbei of pei'sonnel dui'ing the yeai was 551 550 The average numbei. i'eceiving a pension paymeLIt was 403 494 Thei'e wei'e 2 employees who received emolunieiits (excluding pelision costs) exceeding £60,000. Included within the cost of chaiitable activities is the following allocation of support services costs. Total Fimds 2022 Total Funds 2021 Finance depal'tmeiit and central administi'ation costs Iiifoi'niation Tecl]nology depai"tinent Payi'oll office Hlinian Resoui'ces depaitment Genei'al SecietaL'y'S depai"tnient 425,480 516,217 116,026 246,125 433,439 392,848 359,852 106,050 244,596 394,293 1,737,287 1,497,639 (21,395) (17,823) (56,022) Less; Coi'onavirus Job Retention Scheme Less: income Less.. charges to otliei. ageiicies and extei'nal bodies (1,069) (53,092) Net allocation to Councils 1,683,126 1,402,399 Page 42

THI PRESBYTERIAN CHURCH IN IREI LAND NOTES TO THEI FINANCIAL STATEMENTS 31 December 2022 10. CHARITABLE ACTIVITIEI S (cont'd) Total Funds 2022 Total Funds 2021 The allocation to Councils is as follows.. Council foi. Global Missioii Council foi Mission in Ireland Council foi Social Witness Council for Congregational Life and Witness General Council Council foi. Ti'aining in Ministi"y Pi'esbyteiian Wonien Ci'eative Pi'oduction 51,074 111,970 396,413 81,999 824,932 152,800 27,679 36,259 41,516 86,664 339,649 64,499 708,547 112,243 21,686 27,595 1,683,126 1,402,399 Support service costs liave been allocated on the following basis Fin￿lce and administi'ation: staff iiine Inforniation Technology: number of useis and usei accouiits Personnel aiid Payioll: staff numbei's Genei'al Seci'etaiy's: allocated to the Incidental Fuiid Page 43

THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 11. GOVERNANCE COSTS Total Fuiids 2022 Total Funds 2021 Audit Legal fees Costs of the Geiiei"al Assembly Pi'intiiig of Repoi'ts, Accounts & Minutes Expenses - General Assembly Councils and Committees Woi'shlp Matei'ial and Hospitality 66,676 19,162 46,868 18,000 14,568 39,470 21,018 18,309 26,187 11,779 Total 160,894 121,143 The auditois, ieniunei'ation of £66,676 (2021 £46,868) i'elates to the audit of the finaiicial statements. No other fees wei'e iiicun'¢d duiing the year iii i'espect of Iion-aiidil work. Membeis of Geneial Assembly Councils and Cominittees do iiot receive aiiy ieinuneration but are entitled to claini an allowance foi. tiavel expenses to meetings or any expenses necessaiily incuired in fulfilling theii. duties. 12, OTHEI R RLI COGNISED GAINS AND LOSSEI S Total Fuiids 2022 Total Funds 2021 (Losses) / Gaiiis on investment assets (5,117,796) 7,121,257 Page 44

THE PRESBYTERIAN CHURCH IN IREILAND NOTES TO THE FINANCIAL STATEMENTS 31 Deceinber 2022 13. ACTUARIAL GAINS I (LOSSES) ON PENSION BENEFITS Total Funds 2022 Total Funds 2021 Defiiied peiiskon obligations (Note 14(i)) Unfulided pension obligations (Note 14(ii)) Peiisions Ti'ust (Note (14(iii)) 1,568,000 (1,820,000) 2,057,012 695,766 1,187 93,938 3,626,199 (1,030,296) 14. PENSIONS Reporting adjustments i'elating to the accountiiig for pensions under Financial Reporting Standard No. 102 2022 2021 Presbyterian Church in Ireland Pension Scheme (2009) Cul'ient seivice cost Administi"ative expenses (iiicludes PPF levy) Net interest cost Past sei'vice cost Conti"ibutions by the Church (6,408,000) (7,050,000) (225,000) (236,000) 1,193,518 94,533 3,894,754 3,875,144 (1,544,728) (3,316,323) 1,008,988 1,065,234 Unfunded Pension Scheme contributions (535,740) (2,251,089) Balance Sheet Pension Asset and Liability Total Funds 2022 Total Fiiiids 2021 Pension asset Defined pension obligations (Note 14(i)) Pension liability Uiifunded pension obligations (Note 14 (ii)) Peiision Ti'ust (Note 14(iii)) (8,918,000) (11,984,000) (32,125) (56,584) Pelision liability (8,950,125) (12,040,584) Note I to the Financial Stateineiits on Accounting Policies and Basis of Accounts Pieparation states that The Genei'al Assembly of the Pi'esbytei'ian Church in Ii'eland lias adopted the requii'einents of Financial Repoi"ting Staiidai'd No. 102 in i'elation to i'etii'emeiit benefits. Tlie Genei'al Assembly's Peiision Consultaiits have provided tlie i'equiied FRS102 disclosures. Page 45

THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEI MINTS 31 December 2022 (i) The Presbyterian Church in Ireland Pension Scheme (2009) The Presbyterian Cliurch in Ireland Pension Scheine (2009) (tlie Scheme) is a funded scheine of the defined benefit type, providing defined benefits based oil cai'eei avei'age revalued salaiy. The Scheme has assets held in a sepal'ately administered fund inanaged by a board of tiustees. The chui.ch and tiustees Iiave agi'eed a fuiiding plan to ensui'e tlie Scheme is sufficiently fuiided to meet CUlT¢nt and fiiturc obligatlOLlS. A foi.mal schedule of conti'ibutions was diawn lip on 2 Mal'ch 2022 whereby the chui.ch agi'eed to pay 24.0 % of pensionable salai'y to 31 December 2023 to covei. tlie acCi￿al of beiiefits foi. future seivice, expenses, the cost of insiiiing death in service benefits aiid funding the sclieme deficit. Church coiitiibutions to tlie Scheme in 2023 al'e estimated to be £4,000,000. Additional church conti'ibutions inay be i'equiied if theie ale any auginentatioiis duiing the ye￿. The valuation used foi FRS 102 puiyoses have been based on a full assessment of the liabilities of the Scheme as at 31 December 2022. The piesent values of defined benefit obligations, the related cui"i'ent seivice cost aiid any past scrvice costs weie measured using tlie projected uiiit method. The pilncipal assumptioii used to calculate the liabilities undei. FRS 102 ale sct out below. Main financial assumptions 2022 /0 p.a. 3.15 2.45 2021 /0 p.a. 3.30 2.60 RPI inflation CPI inflation Peiision Incl'eases CPI inflatioii up to 2.50/0 p.a. RPI inflation up to 5.000/0 p.a Consumer Piices Index up to 50/0 p.a. subject to a niinimum of 3 % p.a. Discoiiiit l'ate for scheme liabilities Longevity for inenibeis CULTently aged 65 Male Fcmale Longevity foi. meinbers reachiiig 65 in 20 years Male Feinale 1.80 3.00 3.45 4.90 87.10 89.50 1.90 3.15 3.45 1.90 87.00 89.40 88.70 91.20 88.70 91.20 Page 46

THEI PRESBYTERIAN CHURCH IN IRELAND NOTLI S TO THE FINANCIAL STATEMENTS 31 Deeember 2022 14. PENSIONS (cont'd) The table below provides information on tlie sensitivity of the defined obligations to changes to the most significant actuai'ial assumptions. The table shows the inipact of changes of each assliinption in isolation although, in piacticc, changes to the assumptions inay OCCLir at the saine tiTne and can eithei offset or compound the overall iinpact on the defined benefit obligations. These sensitivities have been calculated using ihe same methodology as iised for the inain calculations, and thei"e has beeii no chalige since the pi'evious pei'iod to the incthod and assumptions iised in pi"epaiing the sensitivity analysis. The weighted average dui"ation of the defined benefit obligation is 20 years. Percentage change to Defined Benefit Obligation Assumption Change to assumptioiis Inciease by D¢cL'ease by 0.1% p.a (£2,185,000) £2,185,000 £1,165,000 (£1,165,000) (£4,565,000) £4,565,000 Discount l'ate liiflation Mortality An increase of one yeai in the assumed life expectancy for both males arAd females would increase the Defined Beiiefit Obligatioiis by 3 % . Fair value of assets Value at 31.12.22 £OOO's Value at 31.12.21 £OOO's Equities Dyiianiic Diveisified Growth Fund Matching Core Real Long Fund Matching Col'e Fixed Long Fund Pi'opei'ty Cash / othei. 54,740 212,662 56,669 28,239 28,511 12,504 28,410 18,651 20,246 605 9,334 Assets held in iespect of insuied pensioneis 1,676 2,442 Total 173,084 301,605 Page 47

THEI PRESBYTERIAN CHURCH IN IRELAND NOTEI S TO THE fiINANCIAL STATEI MENTS 31 December 2022 14. PENSIONS (cont'd) 2022 £OOO's 2021 £OOO's Reconciliatioii of funded statiis to balance sheet Fail value of Scheme assets 171,408 1,676 (155,238) (1,676) (16,170) 299,163 2,442 (238,214) (2,442) (60,949) Fair value of insiired pensioner annuities Preseiit value of fuiided defined beiiefit obligations Liability in iespect of iiisuied pensionci's Resti'iction on Scheinc asset to recoverable amouiit Asset i'ecognised oil the balance sheet The FRS 102 valuation of the Scheme as at 31 Decembei. 2022 iesulted in ali estimated net pension plan asset of £16,170,000 (2021.. £60,949,000). FRS 102 requii'es that an entity shall i.ecogiiise a plan sui'plus as a defined benefit plan asset only to the cxtent that it is able to recover the sui'plus eithei. tlll'ough ieduccd coiitributions iii tlie futuie oi. through i'efunds fioin the plan. Since FRS 102 provides no further giiidance in this i"espect, as allowed undei FRS 102 the Tiustces have consideied the i"elevant rcquii'ements of Iiiternational Fiiiancial Repoi'tAng Standaids, in particulai IFRIC Intei'pietatioii 14 IAS 19-"Tlie Lirnit on a Defined Beiiefit Asset, Minimum Funding Requiiemeiits aiid theii. Inteiaction" (IFRIC 14). IFRIC 14 k'equii'cs that the right to recoveiy tkn'ough a iefuiid niust be unconditional. Having sought legal advice the Trustees have concluded that the Presbyteri￿1 Chui'ch in li'eland does iiot have an unconditioiial l'ight to a i-efund of a sui'plus in the Sclieme. The Triistees have also coiisidei'ed the i'equiiemeiits of IFRIC 14 in i'espect of the ability to i'ecover a suiplus thl'ough i'educed conti'ibutions in the future. In paitticulai., the Trustees have considered the scliedule of contributions agi'eed by thc Pi'esbytei'ian Church in Iieland and the Trustees of the Scheme following the ti'iennial actiiaiial valiiation of the Scheine as at 31 Decembei 2020. This valuatioii i'eflects a lowei. futui"e funding l'ate than is required as pait of the suiplus that will be utlised over the peiiod to the next ts'iennial actuarial valuation of the scheme on 31 Decembei. 2023, Tlie Ti"ustees' assessinciit has also included obtaiiiing advice fiom tlie actuai'ies tliat peifoinied tlie FRS 102 valuation. The Ti'ustees have assessed that due to the magnitude of the estimated net peiision plaii asset, the loiig teini duration of the pei'iod ovei which coiitribiitioiis would be iequii-ed to be i-educed (at least 15 yeais), and the inhei'ent iincertainty over future actuai'ial valuations and the iesultant coiitiibutioii requii-ed, that there is significant uncertainty over the ability of the Pi'esbytei'ian Chui'ch iii Ireland to i'ecover the estimated suiplus at 31 December 2022 throiigh I'educed conti'ibutioiis in the fiiture. Based on theii. assessment as set out above, the Ti'ustees have coiicluded tliat it is appi'opl'iate not to iecognise any of tlie estimated net pension plan asset of £16,170,000 at 31 D¢cembei 2022 (2021: £60,949,000), and hence the Trustees have restiicted the net pension plan asset to £nil at 31 Decembei 2022 (2021: £nil). Page 48

THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMEI NTS 31 December 2022 14. PENSIONS (cont'd) 2022 £OOO's 2021 £OOO's Analysis of Statement of Financial Activities Curi'eiit service cost 6,408 225 7,050 236 Administrative expenses (iiicludes PPF levy) Past seivice cost Net interest iiiconie / cost (1,194) (95) Expeiise recognised in the Statement of Financial Activities 5,439 7,191 Page 49

THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 14. PENSIONS (cont'd) 2022 £OOO's 2021 £OOO's Changes to the present value of the defined benefit obligation Opeiiiiig defined benefit obligation Ciirrent sci.vice cost 240,656 6,408 225 258,411 7,050 236 Expenses Interest cost 4,516 1,100 3,449 1,090 Contributions by Scheme participants Remeasuienient (gains) / losses on Scheme liabilities Actuaiial gains on Scheme liabilities in i-espect of assumptions Actuarial gains on Schenie liabilities in i-espect of expei'ience Net benefits paid out Past service cost (101,759) (491) 13,371 (7,112) (15,649) (2,014) (4,884) (7,033) Closing defined beneflt obligatioii 156,914 240,656 2022 £OOO's 2021 £OOO's Changes to the fail. value of Scheme Assets dui.ing the year Opening fail value of Schenie assets Inteiest income on Scheme assets 301,605 5,710 (132,090) 3,871 1,100 (7,112) 263,593 3,544 36,582 3,829 1,090 (7,033) Renieasurement gains Conti'ibutions by the Cliui'ch Conti ibiitions by Scheme pai'ticipants Net benefits paid out Closing fair valiie of Scheme assets 173,084 301,605 Page 50

THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE fiINANCIAL STATEMENTS 31 December 2022 14. PENSIONS (cont'd) Analysis of amounts recognised in other compi'ehensive iiicome 2022 £OOO's 2021 £OOO's Returii on Sclieme assets less iiitei'est income (132,090) 102,250 (13,371) (16,170) 36,582 17,663 4,884 (60,949) Gains l (Losses) OLI assumptions Experience gains on scheme liabilities Restiiction on Schenic asset to i'ecoverable amount Total (loss) / gain (59,381) (1,820) Actual return on Scheme assets 2022 2021 £OOO's £OOO's InteiEst income on Scheme assets 5,710 (132,090) 3,544 36,582 Retuin on Scheme assets less intci'est income Total ietui.ii on Scheine assets (126,380) 40,126 Page51

THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 14. PENSIONS (cont'd) (li) Unfunded Pension Arrangements The Piesbyteiian Chui'ch iii Ii'elaiid has some unfunded pension ai'rangenicnts as follows: l. Retii'ed Ministers who meet appiovcd eligibility ci'itei'ia ale entitled to receive an amount fi.om the Central Ministiy Fund which is deteimiiied ￿ll]Ually by the Genei'al Council and whicli foi, 2022 was £1,518 (2021 £1,518). 2. Retii'¢d Ministei's who meet appi'oved eligibility criteria and with sei'vice pi'ioi. to l Api'il 1978 al'e eiititled to receÉve a pension fioin the Retiied Ministeis Fund. The pension is based oil the length of the sei'vice and calculated on half the ininimum stipend of a ininistei, of the Pi'esbytei'ian Church in Ireland, 3. Widows of kniiiisters who received a pension from the Retiied Ministeis Fund al'e entitled on the death of their spouse to a peiision fioln the Widows of Ministers Fund. The peiisioii is based on the length of theii spouses, sei'vice aiid calculated on 27.5 % of the niinimLim stipend of a ministei. of tlie Pi'esbyterian Chiirch in Ireland. 4. Pi'ofessois of Union Theological College who nieet appioved eligibility ciitei'ia ale entitled to have theii" pension fiom othei. schemes witliin the Piesbyterian chui.ch in Ii'eland aiigmented to equate to half the salaiy of a College Pi'ofessor. 5. Deaconesses wlio meet appioved eligibility criteiia and witli service prioi. to the introduction of tlie PWA / ovei.seas Board I Ii'ish Mission Retii"einent and Death Benefits Scheine (now pai't of the Presbytei"ian Chuich in li'eland Peiision Scheme (2009)) are entitled to a pension eidiancenient based on their length of seivice prioi. to the inti'odiiction of that scheme. Tlie amounts charged to the Statement of Financial Activities duiing the yeai. were as follows: 2022 2021 Ceiiti'al Ministry Fund Retired Miiiisteis Fund 366,285 366,085 270,934 1,702 3,982 376,028 397,199 284,334 1,665 6,008 Widows of Ministei's Flind Retii'ed College pi'ofessors Retii'ed Deaconesses 1,008,988 1,065,234 Pagc 52

TH[ PRESBYTERIAN CHURCH IN IRELAIYD NOTEI S TO THf FINANCIAL STATEMEI NTS 31 December 2022 14. PENSIONS (cont'd) Present valiie of retii'emeiit obligatioiis Fair value of Present value assets of L'etiiement obligations 2021 £OOO's 3,909 3,796 4,040 61 Fail. valiie of assets Retiiement Benefits 2022 £OOO's 3,032 2,724 2,995 28 2022 £OOO's 2,568 807 2021 £OOO's 3,120 897 Retii'ed Ministers, Fund Widows of Ministei's, Fund Centi'al Ministiy Fund Piesbyteiian Women Union Theological College Missionai'ies and others 6,853 7,568 90 120 49 58 Total 8,918 10,228 11,984 11,585 Present value of retii"ement obligations 2022 2021 At start of year Aniount chaiged to Statement of Fiiiancial Activities duiing the y¢ai' Actuai'ial gains during the yeai 11,984,000 (1,008,988) 13,745,000 (1,065,234) (2.057,012) (695,766) At eiid of year 8,918,000 11,984,000 The fair value of assets i'epi'esents the net assets of tlie Funds and these ￿'e included within the Balance Sheet. These Fiinds are maiiaged by the Geiiei'al Council and al'e not held in a separately adniinistei'ed fuiid with a sepaiate Boai'd of Trustees. Consequently, the fair value of assets is not deducted fi'om the pension liability showii on the Balance Sheet. (iii) The Pensions Trust Growth Plan Tlie Pi'esbytei'ian Chui'ch in Ii'eland, s Council foi Social Witiiess paiticipates iii the Pension Ti'ust Gi'owth a niulti-employei schenie which piovides beiiefits to soiiie 63 8 Iion-associated pai'ticipating employers. The schenie is a defined beiiefit sclieine in tlie UK. It is not possible foi. tlie Piesbytei'ian Cliui'cli in Il'eland to obtain sufficient infoi'mation to eiiable it to accoiint fol. the scheine as a defined benefit scheme. Thei'efoi"e, it accounts for the sclieme as a defined conti'ibution scheme. Page 53

THE PRESBYTERIAN CHURCH IN IREI LAND NOTES TO THE FINANCIAL STATEMEI NTS 31 December 2022 The scheine is subject to the fundiiig legislation outliiied in the Pensions Act 2004 which came into force on 30 Decenibei 2005. This, together with documeiits issued by the Pensions Regulatoi and Technical Actuarial Standai'ds issued by the Financial Reporting Council, set out the fi"amewoik for funding defined benefit occupational pension schemes in the UK. The scheme is classified as a 'last-man staiiding arrangement,. Thei"efore, the Pi'esbytei'ian Chuich in Iieland is poteiitially liable foi. otlier participating einployei's, obligatioiis if those employei's ar¢ unable to meet tlieir shal'e of the schenie deficit followiiig withdiawal fi'om the scheme. Paiticipating employeis are legally iequii'ed to meet thcii sliare of the schenie deficit on an annuity pui'chase basis on withdiawal fiom the scheme. A full actuarial valuation for the scheme was cai'ried out at 30 Septembei. 2020. This valiiation showed assets of £800.3m, liabilities of £931.9ni and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee lias asked the paiticipatiiig eniployei's to pay additional contribiitions to the sclieme as follows: Deficit contributions Froin l Api'il 2022 to 31 Januai'y 2025: £3,312,000 per ai]num (payable montlily) Unless a concession has been agi'eed with the Trustees the teim to 31 January 2025 applies. A schenies pi'evious valuation was cari'ied out at 30 Sept¢mbeL' 2017. This valuation showed assets of £794.9m, liabilities of £926.4m aiid a deficit of £131.5m. To eliminate this fiinding shoitfall, the Trustee lias asked the paiticipatiiig employers to pay additional coiitiibutions to the scheme as follows: DefIcit contributions Froni l April 2019 to 30 September 2025: £11,243,440 pei, annum (payable moiithly and increasiiig by 3 % eacli 011 I st Api'il Tlie recovei'y plan contribiitioiis al'e allocated to each participating eniployer in line witli tlieii estiniated shal-e of the Sei-ies l and Seiics 2 schenie liabilities. Whei'e the sclieme is in deficit and where the paiticipating employer has agreed to a deficit fiinding arrangenient the participating employei. i'ecogiiises a liability foi. this obligation. The amount i'ecognised is the net present value of the deficit L'eductioii conh'ibutioiis payable undei. the agi'eement that relates to the deficit. The pi'csent value is calciilated using the discouiit l'ate detailed in these disclosuies. The unwinding of the discoiint l'ate is i'ecognised as a finaiice cost. 2022 2021 Preseiit value of pi'ovision 32,125 56,584 Page 54

THE PREI SBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEI MEI NTS 31 December 2022 14. PENSIONS (cont?d) 2022 2021 Reconciliation of opening and closing provisions Piovision at stait of pei'iod 56,584 196,199 Unwinding of the discount factoi. (inteiesl expenses) Deficit contributions paid Remeasui'emeiits - impact of any change in assuinptions Remeasuiemeiits - amendments to the conti'ibutions schedule 482 (23,754) (1,187) 467 (46,144) (672) (93,266) (24,459) (139,615) Pi'ovision at end of pei'iod 32,125 56,584 Income and expenditure impact Interest expense Relneasui'ements - impact of any change in assumptions Reineasiii'enients - amendments to the conts'ibutioiis schedule 482 (1,187) 467 (672) (93,266) Assumptions Rate of discount 0.18% Tlie discount l'ates shown above al'e the equivaleiit singl¢ discount l'ates wliich, when used to discouiit tlie futui"e i"ecovery plan contributions due, would give the same i'esiilts as using a full AA corpoiate bond yield Cul've to discount the same i'ecovei'y plan contiibutioiis. Tlie followiiig schedule details the deficit conts'ibutions agi.ced betweeii the Presbyterian Cliiirch in Ireland and tlie scheme at each yeai. eiid pei'iod: 31 Decembei. 31 Decembei. 2022 2021 (£OOOs) (£OOOs) 16 24 Year ending Yeai I Year 2 16 16 Year 3 Year 4 16 Page 55

THE PRfSBYTEI RIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 14. PENSIONS (cont'd) (iv) Standai'd Life Auto-Enrolmcnt Scheine The Pi'esbyteriaii Chuich iii Iielaiid has in place a pension aiyangeinent with Standaid Life for those not eligible to join tlie Pi'esbyteriaii Chuich in Ireland Pension Scheme (2009). The Church conti"ibution l'ate is 60/0 aiid the menibei's 40/0. This is a defiiied conti-ibutioii scheine aiid conti'ibutions al'e accounted for as they become due. Page 56

THEI PRESBYTIRIAN CHURCH IN IREI LAND NOTES TO THE FINANCIAL STATEMLI NTS 31 December 2022 IS. FIXED ASSLI TS Fi'eehold Land and Buildings Fixtuies, Fittings and Equipment Motoi Vehicles Total COST At stait of yeai. Exchaiige loss on i'etraiislation Additions Disposals 29,284,262 5,548,612 343,547 35,176,421 131,729 2,925 134,654 252,984 386,639 666,821 (58,746) 27,198 (58,746) At eiid of yeaL' 29,668,975 5,938,176 311,999 35,919,150 Dll PRECIATION At stai't of yeai. Exchange loss on i'eti'anslation Chai'ge for yeai. Disposals 12,000,196 4,190,114 320,886 16,511,196 83,700 2,758 86,458 578,128 361,972 952,523 (58,746) 12,423 (58,746) At end of year 12,662,024 4,554,844 274,563 17,491,431 NII T BOOK VALUE At stai't of year 17,284,066 1,358,498 22,661 18,665,225 At end of ycai. 17,006,951 1,383,332 37,436 18,427,719 Land and Buildings ai"e recoi'ded at cost oi. whei'e tliey have been bequeathed oi donated at theii. estimated value al that time. Included witli Fixtui'es, Fitting and Equipinent ai"e assets acquired iindei. a finance lease with a cost of £154,096, accuinulated depi'eciation of £102,731 and a net book valuc of £51,365. Tlie reniaining finance obligation is disclosed in notes 21 and 22. Page 57

THE PRESBYTIRIAN CHURCH IN IRELAND NOTES TO THE fiINANCIAL STATEMENTS 31 December 2022 16. INVII STMENTS Total Funds 2022 Total Funds 2021 Genei'al liivestment Fund Equities Pi'opei'ty and Gi"ound Rents 56,713,023 62,322,579 96,224 101,900 7,773 7,773 56,817,020 62,432,252 At stait of year Additions Ti'ansfei. of John Getty Will Tiust Proceeds on disposal Realised (losses) / gaiiis on disposal of investnients and unrealised (decieases) / iLlCi'eases ii) M￿.ket value of investments 62,432,252 54,853,200 2,561 4,016 453,779 (499,997) (5,117,796) 7,121,257 At end of year 56,817,020 62,432,252 The investments ￿'e held in the following funds. 2022 2021 Councils and Agencies of the Genei'al Assenibly of the Presbyteiian Chuich in Iieland Commutation FLind Non-Paiticipatiiig Ti"usts Fund Magee Fiind Tops Wilson Fund Fil'e Insui'ance Trust Flind Foitune Mission Lindsay Memorial Fund Scott Benevoleiit Fund Ti-ustees Discietionaiy Flind FSR Hall Fuiid Floi'eiic¢ Jamison Mccluie Tiust Local Bible Fuiid John Getty Will Tiust Other Trust Funds 40,879,466 45,071,200 6,871,058 7,486,155 7,977 8,324 1,654,319 1,802,493 7,479 8,149 35,538 38,721 16,980 18,052 1,439,622 1,568,566 144,170 157,083 753,321 820,794 111,992 122,023 161,719 176,204 81,529 86,338 74,670 81,358 470,077 512,185 4,107,103 4,474,607 56,817,020 62,432,252 Page 58

THE PRESBYTIRIAN CHURCH IN IREI LAND NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 16. INVESTMENTS (continued) All investinents wei'e listed on i'ecognised stock exchanges and can be analysed as follows. 2022 2021 Investinent assets in the UK liivestinent assets outside tlie UK 56,817,020 62,432,252 56,817,020 62,432,252 The Councils of the Church hold shal'es ILI the Gcnei"al liivestsnent Fuiid which is inanaged by tlie Trustees of the Pi'esbytei'ian Church iii Ireland, a coi'porate body established under the Ii'ish Piesbytei'ian Chui'ch Act 1871 (the Chui'ch Trustees). Othci" investments repiesent quoted securities held by Couiicils outside of the General Investment Fund. FRS 102 I'equires the disclosiire of investlnents undei" tlie following hiei'ai'chy. Categoi'y l - Quoted pi.ice foi. an identical asset iii an active market Categoi'y 2 - When quoted pi.ices are iiot available, the pi'ice of a I'ecent tiansactioii foi. an identical asset as long as thei"e has not been a significant change in econoinic cii'cunistances oi a sigiiificant lapse of tinic since tlie transaction took place Categoiy 3 If the maiket foi the asset is not active and i'ecent traiisactions on thekr own al'e not a good estimate of fail vallie, fail value is detei'mined based on valuation techniques. Page 59

THE PRESBYTERIAN CHURCH IN IRELAND NOTEI S TO THE FINANCIAL STATEMENTS 31 December 2022 16. INVESTMENTS (cont'd) 2022 2021 Categoiy I 56,817,020 62,432,252 There wei'e no individual shareholdings oi. investments which are considered to be mateiial with regaid to theii mai'lcet values and propoi'tioii of the poi'tfollo as at 31 December 2021. The General Council have set 5 % of the Ye￿ end inaiket vallie of the iiivcstmeiit poitfolio as the tkn'esliold foi. ieporting inatei.ial iiivestineiits. liivestnieiit Risk Disclosiii'es FRS 102 l'equii'es tlie disclosure of information iii rclatioii to ceitain investment risks. These risks are set out by FRS 102 as follows: Ciedit risk.. this is the i'isk that one pai-ty to a fiiiaiicial instrument will cause a fiiiancial loss for the othei. party by failing to discliaig¢ an obligatioii. Market i'isk: this compiises cui'i'ency L'isk iiiterest iatc i-isk and otliei. pi'ice iisk. Currency i'isk: this is the i'isk that the fair value oi" futuie cash flows of a financial asset will fluctuate becaiise of changes in foreign exchange lates. Intei'est l'ate risk: this is the risk tliat the fail value or future cash flows of a financial asset will fluctuate because of changes iii mai'ket interest i'ates. Othei. pi'ice iisk: this is the i'isk that the fair valiie oi. futui-e cash flows of a fiiiancial asset will fliictuate because of clianges in mai'ket pi'ices (othei- than those ￿'1S111g from interest l-ate risk oi. cuii'ency i'isk), whethei. those changes ￿'e caused by factoi's specific to tlie individual financial insti'uinent oi. its issuei-, oi. factors affecting all similar financial iiistruments ts'aded in tlie niai'ket. The Chuich Tiiistces deteiniine theii. investment strategy aftei" taking advice fi'om a professional iiivestment advisei., The Funds have exposui'e to these i"Asks because investments are madc followiiig the iiivestment strategy set oiit below. The Cliui'ch Tiustccs inanage investnieiit risks, including ci'edit iisl< aiid inai'ket i'isk, withiii agreed i'isk limits which al'e set taking into account the strategic investment objectives. These investnient objective and i'isk limits ￿'e impleinented tkn'ough the investinent managemeiit agreemeiits in place with the Scheme's investinent managei's aiid monitored by the chui.ch Tiustees by regiilar i'eviews of the investment poi'tfolio. Page 60

THI PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATIMENTS 31 December 2022 16. INVESTMENTS (cont'd) Furthei infoi'mation on the Chuich Ti'ustces, appioach to risk nianagemcnt, ciedit and maiket i.isk is set out below. (i) Investment strategy The investment objective is to maintain a poitfolio of suitable assets of appropiiate liqiiidity wliicli will generate irAv¢stment ieturns whilst enabling tlie Cliurch Trustees to have access to an appiopriate level of cash. The cuiient investment strategy is to: Maintain a high level of liquidity across the poitfolio Maintaiii an appi'opriatc split of assets between equities, boiids and altei'native investment pi"oducts Hold in the region of 40 % in overseas investments (li) Ciedit iisk The Cliurch Tiustees, iiivestment portfolio is subject to ci'edit i'isk because the fund manager dii'ectly invests in bonds and has casli balances. The fund managei. also invests in pooled investment vehicles and is thel'efore directly exposed to ci'edit iisk in i-elation to the instruments it holds in the pooled investment vehiclcs. The Church Tiustees, investment portfolio is indirectly exposed to credit i'isks arising on the finalicial iiistiuments held by the pooled investment vehicles. Credit iisk aiising on boiids held dik'ectly is niitigated by investment iii government bonds whei'e the ciedit i isk is ininimal, or coiyorate bonds which al'e rated at least investinent gl'ade. Credit i'isk ai ising on othei. iiivestments is mitigated by ilivestmeiit mandates i'equiiing all coiintei'paities to be at least investment glade ciedit i'ates. This is tlie position at the yeaL'_end. Cash is held within fiiiancial institutions which al'e at Icast investnient gl'ade ci'edit rates. This is the position at tlie yeai'_eiid. (iii) Cun'cncy iisk The Chui'ch Trustees, investinent poi"tfolio is subject to curi.ency i'isk because some of th¢ investments are held in overseas niaikets, eithei. as segiegated investments or via pooled investineiit vehicles. The Chui'ch Ti'ustees have a set a benchmai'k limit to ovei'seas cui'rency exposiire in the legion of 40 % of the total poitfolio value. This was the Iiet cui'iency exposiiie at tlie yeai'.eiid. (iv) Intei'est rate i'isk The Chui'ch Tiustees, investnient poi'tfolio is subject to interest late risk because some of the investiiients al'e held in bonds, iiitei'est l.ate swaps, either as segregated investments oi. through pooled vehicles, aiid cash. (v) OtheL' price i'isk Other price i isk ai'ises pi'incipally in ielation to the Trustees, investinent portfolio retUL'lI seekiiig portfolio which iiicludes diiectly held equities, eqiiities held in pooled vehicles, equity futures, hedge funds, private equity and investment propei'ties. I'he ftind maiiagei. iiianages this exposure to oveiall pi.ice movements by consti'ucting a divei'se portfolio if investineiits aci'oss vai'ioiis niai'k¢ts Page 61

THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMEI NTS 31 December 2022 17. DEBTORS Total Fiiiids 2022 Total Funds 2021 Amounts i'eceivable from congl'egations towaids United Appeal Amount ieceivable from congregations towards assessinents Iiicome due fi'oni Ti'ust Funds Resideiits, fees Iiiteiest ieceivable Pi'epaymeiits and accrued income 1,194,623 1,053,738 105,490 132,387 90,000 72,500 109,485 169,081 22,813 5,978 990,935 639,561 2,513,346 2,073,245 18. LOANS RECEI IVABLE Total Funds 2022 Total Fuiids 2021 Retll'ed Ministei's, House Fiiiid Ci'escent Loan Flind Couiicil foi. Mission iii Ii'eland Miiiisters 132,594 172,368 378,588 170,677 228,630 6,491 683,550 405,798 The Retired Miiiisters, House Fund pi'ior to 2019 provided loans to niinisters to assist iii the pi'ovision of acconimodation in i'etii'em¢nt. Loans of up to £50,000 wei'e available. Ministeis weie ieqliiied to make a monthly loan i'epaynient with any outstanding balance noi'mally i'epaid within 6 months of a niinistei's retirenient. Inteiest is chaiged at 50 % of on the sum of 2 % above base rate. The avei'age l'ate dui'ing 2022 was 1.72% (2021 1.05% The Ciescent Loaii Fund provides loans to congiegations of the Pi'esbytei'iaii Chiii'ch in Iielalid with shoi't-teiiii financial requii'ement on ali intei'est fl'ee or low intei'est basis. The pi'esent policy is to clial'ge interest at Iialf tlie sum of bank base late and 2 % on the avei'age balaiice outstaiiding ovei. the terni of the lo￿1. Loans al'e pi'ovided up to £50,000 and norinally hdve a 3-year teim. The CoLiiiciI for Mission in Ii'eland prior to 2019 pi'ovided loans to ministei's to assist with cai. purchases. Loans al'e norinally iepaid over a 3-yeai' pei'iod with interest chaiged at bank base iale. It is expected that £464,858 of total loans receivable will be repaid dui'ing 2023 (2021: £97,980). Page 62

THE PRESBYTERIAN CHURCH IN IRELAND NOTEI S TO THE FINANCIAL STATEI MEI IYTS 31 December 2022 18. LOANS RECEIVABLE (cont'd) Tolal Funds 2022 Total Funds 2021 At start of year New loans issued dui'iiig the ye￿. Repayni¢nts during the ye 405,798 514,430 404,419 50,000 (126,667) (158,632) At end of year 683,550 405,798 19. CASH AT BANK AND IN HAND Total Funds 2022 Total Funds 2021 Daiiske Bank - Cuircnt Account Eui'o Accouiits Cash in hand Intci'est Beai'ing Deposit Accounts Danske Bank Santander Bai]k Bank of Scotland 1,915,956 1,889,625 1,191,985 1,091,040 15,858 3,716 4,219,681 6,050,071 6,358,940 5,551,097 1,000,000 13,702,420 15,585,549 20. CREDITORS: Amounts falling due Ivithin one year Total Funds 2022 Total Fuiids 2021 Trade ci'editOL'S Social security creditors Diic to Geiieial Investnient Fund Due to Old Age, Indigent Ladies ￿ld Presbyterian Women's Funds Finance lease obligations Acciuals and othei. cieditors 515,239 646,222 582,488 37,891 12,841 1,451,865 120,697 608,580 1,072,150 28,837 51,365 1,519,870 3,246,546 3,401,499 Page 63

THE PRESBYTERIAN CHURCH IN IRf4 LAND NOTES TO THE FINANCIAL STATIMENTS 31 December 2022 21. CREDITORS: Amounts falling due after more than one year Total Funds 2022 Total Funds 2021 Loan Council of Social Witness, Tritonville Development Finance lease obligations 450,342 426,946 12,842 450,342 439,788 Tlie foi'mei Board of Social Witness received an inteiest free Euro loan fi'om Frazer House, Dublin towards the cost of the Tritonville Developmeiit, Dublin. The loan is only repayable in the eveiit of the disposal of that development. Tlie loan is converted to stei'ling at the late of excliange ruling at tlie Balance Sheet date. 22. PROVISION FOR LIABILITIES AND CHARGES Total Funds 2022 Total Funds 2021 Defeii'ed Grant - Couiicil foi. Social Witness (Oldei. People Sei'vices) 17,594 17,594 Balance at start of year Exchange rate adjustinent Amortised dui'ing the year 17,594 964 (671) 19,419 (1,147) (678) Balance at eiid of yeai. 17,887 17,594 23. TAXATION The Genei'al Assembly is registcied with HM Revenue and CLlStoms as a Chal'ity, ch￿ltY No. XN45376. It is also iegistei'ed foi Value Added Tax, VAT No, 820745442. There wei'e iio activities duriiig the year which gave i'ise to a liability to Coipoi'ation Tax and consequently a deferi'ed tax asset has iiot beeLI iecognised iii i'elatioii to the peiision liability included on th¢ Balance Sheet. Page 64

THE PRESBYTERIAN CHURCH IN IRELAND NOTEI S TO THEI FINANCIAL STATEMENTS 31 December 2022 24. FINANCIAL COMMITMENTS AND CONTINCENCIEI S (i) On I Septembei 2014 the fom]ei Boai'd of Social Witness entered into an agreement to take ovei. the running of Lawnfield House, Newcastle a respite cai'e facility, fi'oni the Tiiistees of the Disabled Clu'istians, Fellowship Holiday Homes, The agrc¢ment incliided the tiansfer of the ownership of the propeity which was independeiitly valued at £500,000. In exchaiige the forinei Boai'd of Social Witness agreed pay an amouiit to the Tiiistees of the Disabled Christians, Fellowship Holiday Hoines to clear existing loan facilities whicli wcie agreed at £168,115. The net amount of £331,885 had been incliided as a gift withiii incoming resoui'ces in the Statement of Financial ActivitAes. Pari of the transfei. agieement made pi'ovision that if within a 20 yeai pei'iod the foi'mer Boaid of Social Witness sells, tiansfers, assigns, leases oi otherwise disposes of the pi'opelty (oi. any part) that it will pay to the Tiustees of the Disabled Ckn'istians, Fellowsliip Holidays Homes a pei'centage of £331,855 staiting at 95 % if disposed of within year l and reducing by 5 % each ye￿. thereaftei. with no payment iequired after 20 yeais. (li) Financial commitlnents duiing the following year in I'espect of leases are: 2022 2021 Laiid and Buildiiigs (opei'ating lease) Leases expiring within l yeai. Expiriiig within two to five years Expiring aftei 5 yeais 115,889 110,600 115,889 110,600 Fixtures and Fittings (finance lease) Leases expiring within l year Expiiing within two to five years Expiriiig after 5 Ye￿'S 12,841 51,365 12,841 51,365 There wei'e no capital oi. financial coinmitments coiiti'acted foi., or contingencies at 31 Decembei 2022 which are not othel'wise disclosed in these fiiiancial statements. 25. REI LATED PARTY TRANSACTIONS The Couiicils of the General Assembly of the Piesbyterian Chui'ch in Ii'eland and their i'espective roles al'e outlined in the Annual Repoit. The main source of income for most Coiincils is fi'om congi'egations of the Presbytei"ian Cliiircli in Ii'eland, either tkn'ougli donations to the United Appeal and othei appeals oi. though Congi'egational Assessments. The amounts received dui.iiig the yeai. ale disclosed in Notc 2 to the Financial Stateinents. Some of the resources expended as disclosed iindei Note l O Chai'itable Activities will be paid to congregations, iiidividuals oi. agencies connected with the Pi"esbyteiian chui.ch iii Ii'eland. Iii pai'ticular peiision paid through the Retii'ed Ministers and Widows of Ministei. Fuiids in iespect of pre78 service al'e to ietii'ed ministers and widows of the Church (see Note 14). These financial statenients do not Énclude the financial activities of associated oiganisations aiid in particular The Presbytei"ian Childien's Society, The Old Age, Pj'esbyterian Women's alid Indigent Ladies Funds. The Presbytei'ian Histoi"ical Society whicli ale sepai'ately COLlStitiited and prepai'e tlieir own financial stateinents. Page 65

THE PREI SBYTERIAN CHURCH IN IREI LAND NOTLI S TO THE FINANCIAL STATEMENTS 31 December 2022 25. REI LATED PARTY TRANSACTIONS (continued) The Retii"ed Minstei's Hoiise Fund piovides loans to ministers to assist in the provision of a ietireinent honic, Ministeis ieceiving loans may also seive on Couiicils oi. Committees or be i"emuiieiated from the ccnts'al funds of the Chui'ch. The tei'ins of such loan al'e 011 the same basis as those foi any ministei. i"equesting assistance fi'om the fund. The Cliarity Ti'ustees of the Geneial Assembly of the Presbyteiiaii Church of Ii'eland are the niembei's of its Genei'al Council whicli is set out in The Code Paia 272. Tlie niembel'ship of the Genci'al Council is the Modei"ator, Clerk and Deputy Cleik of tlie Genei'al Assenibly, Council Convenei's, Conveners of Council Committees, Financial Secl'etai'y, pieceding two Modci'ators, piecediiig Clei'k of the Genei'al Assembly, Convenei's of otheL' Councils and Commission, Cleiks of Presbytei"y and nine iiominees of the NominatlOLlS Committee. None of the members receive any i'emuneration foi acting as Cliarity Tiustees or as inenibei's of the Geneial Council but they ale entitled to claim ceitain expenses in relation to theii attendaiice at m¢etings. Meinbers who are ministers of congregations will be in receipt of a stipend and othei. amounts diiectly froin thcii. congi'egation. Retiied inembei's will be iii ieceipt of a pension froin the Presbytei"ian Cliuich iii Iieland Pension Sclieme (2009) and in some cases fioni otliei. funds of tlie Church. Clei'ks of Pi'esbyt¢i'y will ieceive i'emunei'ation diiectly fi'om tlieii Pi'esbyteiies foi acting as Clerk. Five membei's of the General Council did duriiig the yeai. receive i'emuneiatioii froin the Pi'esbyterian Chui'ch in Ire1￿]d in theii" capacity as employees of the Chui'ch. The total cost to the Church, including salary, employer's national insuiance and pension conti'ibutions, for tliese individuals during 2022 was £341,175 (2021: £336,445) Page 66

THEI P￿SByTERIAN CHURCH JN IRE4 LAIND NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 26. RESERVEI S (i) Endowment Funds 2022 2021 Council foi. Global Mission Coiincil foi Coiigi'egational Life & Witness General Coiincil Pi'esbyteiiaTh Women Council for Ti'aining iii Miiiisti-y Council fol. Mission in Iieland Trustees of the Piesbytei'ian Chuich iii Ireland Commutation Fund Noii-Pai'ticipating Funds - Magee Fund - Top Wilson Fund Fire lnsui.ance Fund Foi'tune Mission Fund Lindsay Meinorial Fund Scott Benevolent Fund Ci'escent Loaii Fund John Getty Will Tiust FSR Hall Fund Floi"¢iice Jamison Flind Mcclure Trust Local Bible Fiiiid Othei. Trust Funds 6,436,508 158,175 20,625,281 941,547 2,722,297 55,934 7,013,010 172,343 23,006,108 1,025,879 2,874,769 60,944 6,871,058 8,460 2,364,037 7,479 35,538 16,980 1,472,661 147,216 386,291 476,919 111,992 161,719 81,959 106,952 4,110,458 7,486,155 8,461 2,532,730 8,149 38,751 18,052 1,585,532 156,930 382,465 518,995 122,023 176,204 86,406 112,203 4,475,412 47,299,461 51,861,521 (li) Restricted fi unds 2022 2021 Council for Global Missioii General Council - Creative Pi'oduction Council foi. Social Witness Couiicil foi. Coiigi'egational Life & Witiiess Gcnei'al Coiincil Council foi. Ti'aining iii Ministi-y Coiincil foi Mission in Ii'eland Pi'esbyteiian Women United Appeal 3,644,296 66,790 7,540,452 589,436 6,205,737 2,179,212 12,506,197 2,076,420 2,545,427 3,868,388 113,607 9,367,864 631,086 5,973,448 2,434,843 12,320,727 2,082,742 2,506,884 37,353,967 39,299,589 (8,950,125) (12,040,584) Pension Scheme Asset / (Liability) 28,403,842 27,259,005 Page 67

THE PREI SBYTERIAN CHURCH IN IRELAND NOTES TO THE FIINANCIAL STATEMENTS 31 December 2022 26. Rlli SfRVES (cont'd) (iii) Designated Funds 2022 2021 Ti'ustccs Disci"etionary Fund General Council 1,048,948 2,726,904 1,242,195 2,899,883 3,775,852 4,142,078 The movenient on the majol. fuiids, being those i"epi'eseiiting mol'e tlian 5 % of the total funds at 31 Decembei. 202101. 2022, during the yeai. was as follows: 2021 Incoming Resoiii-ces Resoui'ces Expeiided Gain Ti'ansfei's 2022 Global Mission 1996 Review Fuiid Central Ministry Fiind Oldei. People Sei'vices Wai" Memorial Hostel Coinii)utatioii Flind Magee Fuiid Retii'ed Miiiisters FIoiis¢ Fiind Retii'ed Ministei's, Fiiiid United Appeal Union Theological Coll¢ge CoLiiiciI foi. Missioti in Ii'eland Capital Fund Pi'esbytei'ian Women 6,424,970 2,319,900 22,221,526 8,741,587 2,997,318 7,486,155 2,532,730 3,638,971 225,891 (1,252,486) (435,024) 70,383 (189,204) 1,846,923 (1,949,581) (1,650,074) 7,978,095 (8,677,066) (92,968) 402,028 (334,264) (105,168) 152,025 (4,023) (615,097) 36,550 (478) (148,174) 59,797 (71,912) 1,055,702 (59,821) (49,773) (205,346) (90,226) (148,002) (56,591) (2,041) 6,019,053 2,141,258 20,419,021 7,744,302 2,869,688 6,87l,058 2,364,037 3,624,815 3,120,254 2,324,372 4,708,521 104,001 (367,241) 3,435,513 (957) 552,413 (1,232,448) (261,430) (27,151) (4,667) (3,487,205) (140,242) 478,851 2,568,433 2,267,056 4,367,095 3,194,699 413,982 3,608,681 3,077,527 472,159 (151,996) (202,011) (199,301) 2,996,378 72,788,530 (12,040,584) 22,514,658 15,335,778 (14,042,452) (3,844,059) (2,376,922) 67,860,875 3,090,459 (8,950,125) 12,963,846 (16,013,284) (1,273,737) 20,568,405 Peiision Liability Othei. Funds 2,376,922 83,262,604 28,299,624 (30,055,736) (2,027,337) 79,479,155 Page 68

THE PRESBYTERIAN CHURCH IN IRELAND SUPPLEMENTARY INFORMATION 31 December 2022 The analysis of incoming resources and resources expended on the following pages does not form part of the SORP Accounts and is provided for information purposes only. Page 69

THE PRESBYTERIAN CHURCH IN IREI LAND SUPPLEMENTARY INFORMATION- 31 December 2022 NOTE 3. ACTIVITIEI S FOR GENERATING FUNDS Rental income from property surplus to operational requirements 2022 2021 Assembly Buildings Commei'cial Rents Hii'e of Halls Elmwood Avenue, Belfast Chui'ch Extension Council foi Mission in Ireland Council foi Global Mission Trustees of the Pi'esbytel'ian Chui'ch in Ireland 315,130 281,680 26,125 2,228 6,754 21,700 2,928 235,489 76,380 38,300 1,508 7,048 21,613 3,165 656,545 383,503 NOTE 5. INCOMING REI SOURCEI S FROM CHARITABLE ACTIVITIES Rental income from provision of accommodation including students 2022 2021 Dei"ryvolgie Halls of ResÉdence Retired Ministeis, House Fund Uiiioii Theological College Council foi. Social Witness 374,098 54,933 93,725 2,162 306,922 54,349 72,423 921 524,918 434,615 Page 70

THE PREI SBYTERIAN CHURCH IN I￿4 LAND SUPPLEMEI NTARY INFORMATION- 31 December 2022 NOTE S. INCOMING RESOURCES FROM CHARITABLE ACTIVITIII S Exteriial Grants 2022 2021 Council foi. Social Witness (Covid Siipport) 395,850 878,990 Council for Global Missions (Missean Cara) Council for Social Witness (DHSS) Couiicil fol. Social Witness (Gi'ays Coiirt) Council foi. Mission in Ile1￿id - Chaplains Council for Congregational Life and Witness (RVYO) Genei'al Council (On tliese Steps) Rclease of Deferred Grants Union Theological College (Ulster Scots Agency) 195,772 46,952 15,398 55,201 16,500 80,256 44,014 13,755 53,661 85,300 14,745 3,032 57,493 671 36,389 366,883 352,256 762,733 1,231,246 NOTE 10. CHARITABLE ACTIVITIES Council for GIobal Mission 2022 2021 Overseas Personnel and Support Graiits to Pai'tneL' Chiiiches Donations towaid the work of P￿ttner Chiirches ovei'seas World Developnient Gi'ants (Ckn'istiaii Aid, Teal Fund and other causes) OtheL' Sliai'e of Office Suppoit costs (50 %) 1,072,178 1,056,737 106,414 114,324 485,009 424,246 777,035 50,340 4,000 120,468 117,809 2,565,104 1,763,456 NOTE 10. CHARITABLE ACTIVITIEI S Council for Mission in Ireland 2022 2021 Suppoit for Coiigregations ShaTthill Road Mission Student Acconimodation Chaplaincy Services Elinwood Aveniie Shal'e of Office Suppoi't costs (50 %) 1,307,027 1,214,898 (1,983) 245,869 215,375 14,925 117,809 355,180 234,304 30,270 120,468 2,047,249 1,806,893 Pag¢ 71

THE PRESBYTERIAN CHURCH IN IRELAND SUPPLEMENTARY INFORMATION- 31 December 2022 NOTE 10. CHARITABLE ACTIVITIES Council for Social Witness 2022 2021 Older People Sei"vices Addiction Services Rehabilitation of Offeiidei's Learniiig Disability Centi'al Support Costs Otliei. 8,886,988 7,902,036 776,800 727,697 635,334 568,663 2,665,529 2,175,086 468,939 407,031 4,809 3,388 13,438,399 11,783,901 NOTE 10. CHARITABLE ACTIVITIES Council for Congregational Life and Witness 2022 2021 Tl'aining Pi'ogi'￿nrnes, Events and Teams Mainteiiance of formei. Youth Centres Concorde Fund 596,413 28,234 150 580,620 25,207 800 624,797 606,627 Page 72

THEI PRESBYTEIUAN CHURCH IN IREI LAND SUPPLEMENTARY INFORMATION- 31 December 2022 NOTE 10. CHARITABLE ACTIVITIES Geiieral Council 2022 2021 Pensions to Retired Minksters Pensioiis to Widows of Miiiisteis Suppoit of Congi'egatioiis Retired Ministers, House Fund Assembly Buildiiigs Maintenance Incidental Fund Miiiistei'ial Development Fund Pi'olonged Disability Fund Sick Siipply Pension Fund Communications Suppoit Hei'ald bltagazine Reorganisation costs 392,421 420,233 285,420 297,094 2,009,389 2,167,676 81,748 95,498 885,780 653,912 827,649 688,740 69,732 28,321 244,075 224,530 8,817 14,377 53,567 52,963 267,444 245,030 116,313 51,450 82,175 5,242,355 5,021,999 NOTE 10. CHARITABLE ACTIVITIES Council for Training in Ministry 2022 2021 Union Tlieological College Studeiits, Bursaiy Fund Council - genci'al 1,365,604 1,234,301 387,087 295,836 23,494 9,300 1,776,185 1,539,437 Page 73

THI PRLI SBYTERIAN CHURCH IN IRELAND SUPPLEMENTARY INFORMATION- 31 December 2022 NOTI 10. CHARITABLE ACTIVITIES Gi"ants distributed by The Trustees of the Presbyterian Church in Ireland 2022 2021 Tops Wilson Fund Fil'e Insurance Trust Fund - to The Pi'csbytci'ian Childien's Society Foitune Mission Bequest - to Belfast City Mission Gi'aiits under various Tiust Funds - James Mcmastei Stl'anahan Trust - m￿'garet Hillary Simpson - Elizabeth Guthrie Gass Sloan Educational Gift Mcmulleii Estate - Thomas Boyle Non-Pai'ticipating Trusts Fund Mccluie Tiust John Getty Will Trust Local Bible Fund Scott Benevolent Fund Tiustees Disci'etionai'y Fund 165 164 222 159 151 197 7,669 715 1,955 1,130 2,720 961 231 86 4,275 3,250 444 7,385 4,430 1,883 250 2,640 926 82 3,975 2,875 14 6,269 21,471 45,458 1,411 31,236 3,335 John Getty Will & Mcclure Trust governaiice costs 46,869 34,571 In addilion lo ihe above gi'aFlts vap'i0115 aiiioiiuls iveF'e dislF'ibiiled io inleFnolf1117ds ofi17e Chiii-ell. STATEMENT OF FINANCIAL ACTIVITIES TRANSFERS 2022 2021 Conimutation Fund distt'ibution to Sustentatioii Fund Magee Fund disti'ibiition to Union Theological College File Insurance disti'ibution to Retii'ed Ministei's Fund File Insuiance distrÈbiition to Missioii in Ii'eland Foitune Mission disti.ibution to Mission Ovei'seas Fortuiie Mission distribution to Mission in Ii'eland FSR 14all Fund disti'ibution to Social Witiiess Othei. Tiust Fund distiibutions to Uiiited Appeal Lindsay Memoi'ial Fiiiid Floi'elice B Jamison Ti'ustees Discretionary Fund to Sli'anahan Tiust Intei-nal Intei'est John Getty Will Ti'ust SIL. William V Mccleery Estate Jaines Mcmaster Tliomas Boyle GGDF Tuite 148,670 57,000 327 327 442 221 2,474 28,692 16,000 3,573 143,396 27,000 302 303 394 197 2,383 27,629 16,000 3,441 (389) (448) 6,700 34,602 7,385 222 133 (1,632) 7,500 35,933 7,669 139 307,335 269,250 Page 74