CARNMONEY PRE5B￿[ER1AN CHURCH
ststement of Financial Artivities
For the year ended 31 December 2022
2022
2021
Notes
Unrestrirted
Re5trirted
Totsl
Total
Incoming Resource5
Regular Giving
Donation5
Activf(ies that Generate Incorne
208,358
7(Xl
8,385
4fv1
20,221
441,079
102.135
18,619
55
32.550
649.437
102.835
27.004
519
52.771
553.350
75,631
7,369
602
74,999
Investment Income
Other Income Source5
Totsl Incoffling Resources
238,128
594,438
832,566
711,951
Resources Expended
Central Church Assessments
18,162
113.295
18.162
232.201
21,127
252,945
Ministry and Support stsff
Core Team and Organisation5
Expenditure
Church Running Costs and
Administration
t)onations
I18.￿16
35,180
178.191
213.371
176,806
67.555
31.989
99.544
63.482
3,730
2,696
5.435
156,165
9,165
158.861
3,165
161,108
Other Costs
Total Resources Expended
240,618
4￿.686
731,304
678,633
Net Incorning Resources
{2,4￿}
103,752
101,262
33,318
Transfèrs
213
3.570
(3,5701
Net Movements in Funds
1,080
I￿,182
101,262
33,318
Fund Balances Brought Forward
213
72,552
2,815,530 2.888.082
2,854,764
Fund Balances Carried Forward
213
73,632
2,915,712
2,989,344
2,888,082
All income derNes from continuing activities. the￿fOre no statement of recognised gains or losses is
given.
The notes on pages 18 to 25 form an integral part of these financial statements.
15

CARNMONEY PRESBYTERIAN CHURCH
Balance Sheet
as at 31 December 2022
Notes
2022
2021
Fixed Assets
Property. Plant and Equipment
3.560.194
3.667.346
Current Assets
Debtors and prepayments
Cash at bank and in hand
42.480
487.120
529,600
34.032
463.396
497,428
Current Liabilities
Bank Loan repayable within I
year
Other current liabilitie5
{148.2451 1105.427)
(12,5551
141.081)
Creditors: amounts falling due
wlthin one year
{160.8(K)1 1146,5081
Net Current Assets
368,800
350,920
Creditors: amount5 fallin8 due
after more than one year
1939,650) (1,￿0,184)
Net Assets
2,989.344
2,888,082
Funds
Unrestricted Funds
Restricted Funds
73,632
2,915,712
72.522
2,815,530
Total Funds
2.989.344
2.888,082
The financial statements were approved bythe Trustees and Congregational Committee and signed
on its behalf by
Date
Date
Date
Patricia Scullin
Treasurer
Paul Elliott
Clerk of Session
Len Johnston
Congregatianal Secretary
The notes on pages 18 to 25 form an integral part of these financial statements.
16

CARNMONEY pREsB￿ERIAN CHURCH
Statement of Cash Flows
For the year ended 31 December 2022
Notes
2022
2021
Net Income/lExpenditure)
Adjustments to reconcile net
income/(expenditureJ to net coshfvws
from operoting ortivities
Depreciation of tangible f￿ed assets
Net finance costs
Ilncreasel/Decrease in debtors
Increase/(decrease) in creditors
Net cash inflow from operatin8 activities
101.262
33.318
114,486
43,421
(8,4461
128,5271
222.196
112,652
42.691
12,710)
36,599
222,550
Investing activities
Interest received
Payments to acquire tangible fixed assets
Net cash inflow from investing acti¥itle5
521
{7.3351
(6.8141
602
14,3741
13,7721
Financing activities
Interest paid
Repayment of long tem) loans
Net cash inflow/(ouffiow) from financing
activities
(44,0841
143,303)
(147.5741 1104,3411
{191,6581 {147,6441
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at l January
Cash and cash equivalents at 31
December
23.724
71,134
463,396
392.262
487.120
463.3%
The notes on pages 18 to 25 form an integral part of these financial statements
17

CARNMONEY PRESBYTERIAN CHURCH
Notes to the Financial Statements
For the year ended 31 December 2022
Accounting Pollcles
Bosis of Prepamtion
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in
the preparation of the financial statements are as follows-
a) Basis of Preparation
The financial statements have been prepared in accordan￿ with Accounting and Reporting by
Charities- Statement of Recommended Practice applicable to charities preparing their accounts in
accordan￿ with the Financial Rep)rting Standard applicable in the UK and Republic of Ireland (FRS
1021 {effective l January 20191.
Carnmoney Presbyterian Church rneets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless othenNise stated in
the relevant accounting policy notes. The financial statements indude all transactions. a55ets and
liabilities for which the congregation is responsible in law.
b) Preparation of the accounts on a 8oin8 concem basis
Cammoney Presbyterian Church has prepa￿d the accounts on a going con￿rn bas￿. The balance
sheet IS Strong with strong continued sUPPOrt by the member5.
cl Income
Incorne is recogni5ed when the charity has entitlementtothefunds. conditions attached tothe ttemlsl
of income have been met, it is probable that the income will be received and the amount can be
measured reliably. Income from government and other grants. whether 'capital' grants or'revenue,
grants, is recognised when the charity has entitlement to the funds, any performance conditions
attached to the grants have been met, it is probable that the income will be received and the amount
can be measured reliably and is not deferred. Income from tax reclaims (Gift Aidl is recognised at the
same time as the gift to which they relate.
d) Donated 5eThices and facilities
In accordance with the CharitiesSORP IFRS 102),thegeneral volunteertime ofthe Chariwsvolunteers
is not recognised financialty in the Statement of Financial Artr¥ities but their valuable contribution is
acknowledged in the Trustees. Report.
e) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliabty by the charity: this is nonnally upon notifKation of the interest paid or payable by the Bank.
18

CARNMONEY pRE5B￿ERIAN CHURCH
Notes to the Financial Statements
For the year ended 31 December 2022 (continued)
l. kcounting Policies (continued)
Fund Accounting
Unrestricted funds are available for use at the discretion of the Congregational Cornmittee in
furtherance of the objectives ofthe charity-
Designated funds comprise urbrestricted funds that have been set aside by the Con8re8ational
Committee for particular purposes.
General funds may be transferred to designated funds where the Congregational Committee wish to
use these funds for a specffic purpose. Such funds may be transferred backto general funds once the
criteria forthe designation have been met or are no longer applicable.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through
the terms of the appeal.
Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third
party. it is probablethatsettlementwill be required arndthe amount of theobligation can be measured
reliably.
Expenditure is classrfied under the following activity headings:
Expenditure on charitable activities includes the costs of central church assessments. ministry
and support staff, core team and organisations expenditure. church running costs and
administratron. donations and other support services to further the purposes of the charity
and their associated 5UPPOrt COStS.
Otherexpenditure represents those items not falling into any other headin8.
The church is not registered for VAT purposes, therefore irrecoverable VAT is charged to the
statement of Financial Activities, or capitalised as part of the cost of the related asset, where
appropriate.
h) Allocatlon of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake
charitable activities. Support costs include back Offi￿ costs, finance, human resources, payroll and
governance costs which support the char￿5 actwities. These costs have been allocated against the
expenditure on charitable activities.
Operating leases
Leases where substantially all risks and rewards incidental to ownership are retained by the lessors
are classified as operating leases. Payments made under operating leases are recognised in profit or
loss on a straight-line basis over the period of the lease.
19

CARNMONEY PRESBYTERIAN CHURCH
Notes to the Financial Statements
For the year ended 31 December 2022 (continued)
l. Accounting Pollcies (continued)
J) Tangible Fixed Assets
Items of property, plant and equipment are capitalised rfthey can be usedfor morethan one year and
cost at least £2.000. They are stated at cost less accumulated depreciation and impairment losses, if
any. The depreciable amount is the cost of an asset less its residual value. Depreoation is charged to
profit or loss on a straight-line basis so a5 to write off the depreciable amount of property, plant and
equipment over their estimated uselul INes, as follows:
Freehold Land
Propertv
Fixtures, fittings & furnishings
Motor Vehicles
Computerand AV equipment
Not depreciated
50 years
10 yea
5 years
4 years
The residual value and useful lrfe of property, plant and equipment a￿ reviewed at each Balance Sheet
date and updated for any changes.
k) Debtors
Trade and other debtors are reco8nised at the settlement amount due after any trade discount
offered. p￿paymentS are valued at the amount prepaid net of any trade discounts due.
l) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
maturity of three months or le55 from the date of acquisition or opening of the deposit or similar
account.
m) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a
past event that will probably resuFt in the transfer of funds to a third party and the amount due to
settle the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement amount afterallowinE for any trade discounts due.
n) Critical accounting estimates and judgements
In the application of the Charity's accounting policies. the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sOUr￿s. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revision5 to accounting
estimates are recognised in the period in which the estimate is revised where the revisron affects only
that period. or in the period of the revision and future periods where the revision affects both current
and fLrture periods.
20

CARNMONEY PREss￿ERlAN CHURCH
Notes to the Financial Statements
For the year ended 31 December 2022 (continued)
Unrestricted Funds- Movements in Year
Opening
Balance
Income Expenditure
Transfers
Closing
Balance
2022
General Fund
72.552
238.128
(240,6181
3.S70
73,632
2021
General Fund
50.856
235,992
1216,096)
1,800
72,552
Restricted Funds - Movements in Year
Opening
Balance
Income
Expenditure
Transfers
Closing
Balance
2022
Buildings & Maintenance
Youth Development
United Appeal & Mission
Christian Training
Christians Against Poverty
Foodbank
Manna
Centr31
Organisations
2.577,790
12,209
15.507
1,678
16.440
65,132
4,817
81,141
40,816
277,672
9,057
30.797
1253,4351
{3,629}
(32.2901
2,602,027
17,637
14.014
1.678
1.869
83,595
7.142
143,671
44.079
17.024
51.043
8.784
145,343
54.718
131.5951
132.580)
(6,4591
{82,813)
{47.885)
13.5701
Total Restricted Funds
2,815,530
594,438
(490,686)
13,5701
2,915,712
Opening
Balance
Income
Expenditure
Transfers
Closing
Balance
Z021
Buildings & Maintenance
Youth Development
United Appeal & Mission
Christian Training
Christians Against Poverty
Foodbank
Manna
Central
o￿aniSatIonS
Total Restricted Funds
2.574,667
9,931
27.672
1,678
18,036
47,908
3.941
78.511
41.564
2.803.908
273,547
16,573
21,171
1270,424)
(14,295}
(33,3361
2,577,790
12,209
15,507
1,678
16,440
65,132
4,817
81.141
40,816
2.815,530
29.318
41,266
5,820
71.475
16,789
475.959
(30.9141
124,0421
14,944)
168.8451
115,7371
{462.537)
(1.8001
{1.800)
21

CARNMONEY PRES8￿ERlAN CHURCH
Notes to the Financial Statements
For the year ended 31 December 2022 (continued)
Restricted Funds - Movements In Year (continued)
The following 15 a list of the re5trirted funds in use together with a description of their use-
Building and Maintenance is used to fund capital projects and the on-going maintenance and
development of the properties owned and used by the congregation in its mi55i0n.
Youth Development funds the staffing costs associated with congregational youth work and
the development and expansion of that wor
United Appeal and Mission is used to meet our commitments to PCI United Appeal and non-
congregational mission at home and overseas.
Christians Against Povertyfunds the work of the CAP Centre including staff salaries and other
costs and is used to develop other CAP initiatives. for exarnple. CAP Job Club.
Christian Training Fund is used support people who are undertaking Christian training.
Manna Fund records takingsfrom the Manna shopand associated costs with runningthe shop
and donations made forother community or missionary purposes.
Central BelFast funds the staffing and associated costs with our church plant in Belfast city
centre.
Fooodbank records the donations made towards the work of the Foodbank and funds the
staffing cost. general expenses and the supply of food items when required.
4. Creditors: amounts fallin8 due after more than one year
This relates to loans that have been taken out to fijnd the buildin8 of the new church centre. These
loans are repayable in more than five years.
22

CARNMONEY PRES8YtERIAN CHURCH
Notes to the Financial Statements
For the year ended 31 December 20221continued)
Property. Plant and Equipment
Fixtures.
Fittings
Property
Computer
and AV
equipment
Motor
Vehicles
Total
Furniture
2022
Cost
Opening cost
Additions
Disposals
aosing cost
4.806.927
39.463
103,277
7,335
32,1XK) 4.981.667
7.335
132.IJXI} I32,0￿)
4,957,002
4,806.927
39,463
110,612
Depreciation
Opening Depreciation
Charge for the year
Disposals
ClosinE Depreciation
1,167.909
96.139
28.110
3.140
86,302
15,208
32,(M)0 1,314,321
114,487
I32.0￿} {32.0￿1
1,396.808
1.264.048
31.250
101.510
Net book value at
31112122
3,542,879
8,213
9,102
3,560,194
2021
Cost
Opening cost
Additions
Disposals
Closing cost
4.806.927
39.463
98,903
4,374
32,ocLI 4,977,293
4.374
4.806.927
39.463
103.277
32,OIXI 4.981.667
Depreciatlon
Opening Depreciation
Charge for the year
Disposals
a05ing Depreciation
1,071,771
96.138
24,970
3,140
72,928
13.374
32,OCMJ 1,201,669
112.652
1.167,909
28,110
86,302
32,IYJO 1,314,321
Net book value at
31112121
3.639.018
11.353
16,975
3,667,346

CARNMONEY PRESBYtERIAN CHURCH
Notes to the Financial Statements
For the year ended 31 December 2022 (continued)
6. Contingent Asset
Carnmoney Presbyterian Church had an investment in the Presbyterian Mutual Society which has not
been recognised in these accounts as the administrator has now confirmed that this money will not
be released.
7. Cash and Cash Equlvalents
Cash and cash equivalents comprise the followin8:
2022
2021
Cash at bank and in hand
487,120
463,396
Employees
Employment costs:
2022
2021
Wages and Salaries
Intern contributions
Employer Social Security & Pension Cost5
I￿,211
223.784
5,OiXJ
18,0
I41￿74
23,970
220.181
Number of employees:
The number of staff employed by the church as at 31 December 2022 was 1012021: 111. In addition
in 2022 there was l intern 12021: 1).
Staff salaries are in line with the salary scales maintained by the Presbyterian Church in Ireland (PCI).
No ernployee received Temuneration of more than £60,[￿ during the year {2021- Nil).
24

CARNMONEY pREsB￿ERlAN CHURCH
Notes to the Financial Statements
For the year ended 31 December 2022 (continued)
Penslon costs
The minister of the con8re8ation is a member of the Presbyterian Church in Ireland Pension Scheme
12(K191. This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity.
The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the
employerfs pension contribution for the Scheme and based on the stipend paid to the minister. The
Presbyterian Church in Ireland Pensh)n Scheme {21))91 is a funded Scheme of the defined benefft type,
providin8 defined benefits based on career average revalued salary. The Scheme has assets held in a
separately administered fund managed by a board of trustees. The Presbyterian Church and the
Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet
current and future obligations. A forrnal schedule of contributions was drawn up on 25 November
2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24%
of pensionable salaries to coverthe accrual of benefftsforfuture service. expense5. the cost of insuring
death in Servi￿ benefrts and funding the scheme deficit.
The contributions made bythe congregation duringthe yearwere
2022
2021
Contributions
3.812
All other staff employed by the congregation are automatically enrolled in the National Employment
Savings Trust INEST}. This Scheme and its assets are held by an independent scheme manager. The
contributions made by the congregation to this scheme were
2022
2021
Contributions
3,958
3.083
10. Related Party Tran￿rtIOnS
The minister is a Trustee and was paid through PCI with expenses being paid by the church. The
Discipleship Associate. the Central Associate, the Mission and Compassion Associate and the
Foodbankworker are Trustees and were paid bythe church a5 employees forall of 2022. One Trustee
who resigned was involved in youth work outside the church and re￿iVed support of £1,000 during
202212021: £2.0001. No charity Trustee. other than the staff Mentioned above, received payment for
professional or other servi￿5 supplied to the charity-
Duringtheyearthecongregation contributed the followingamounts to Fundsof theGeneral Assembly
of the Presbyterian Church in Ireland. a separate charity.
£18,162 for congregational assessments
£23,107 toward the United Appeal
£1.177 toward the Worfd Development Appeal
The congregation ￿¢￿1Ved £14,250funding during 2022 from the North Belfast Presbytery forthe CAP
centre.
25