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2023-12-31-accounts

Granshaw Presbyterian Church a congregation of the Presbyterian Church in Ireland

Trustees Annual Report and Financial Statements for the year ended 31 December 2023

Registered with the Charity Commission for Northern Ireland NIC104511

GRANSHAW PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland

REFERENCE AND ADMINISTRATIVE DETAILS

Granshaw Presbyterian congregation of the Presbyterian Church in Ireland 54 Gransha Road

Comber

Newtownards

BT23 5RF

Registered Charity in Northern Ireland (NIC104511)

CHARITY TRUSTEES

The Charity Trustees who were trustees at the date of this report were

Rev Mark Brown Mr Robin Elliott Phillips Mr Brian McComish Mr Derrick Thomas William Samuel Love Mr Gavin Young Mr George Kirk Marshall Mr James Alan Wallace Mr Joseph Crawford Mr Richard James Bovill Mr Rodney Melville Smyth

Mr Stewart Patterson Mr Tim Mitchell Mr Tom McCullough Mr William David Bovill Mr William John Scott Mrs Alison Hawthorne Mrs Lorraine Shaw Mrs Lynda Bethel Mrs Margaret Jean Cromie

PRINCIPAL OFFICE BEARERS

Minister Clerk of Session Treasurer

Rev Mark Brown Mrs Lynda Bethel Mrs Alison Hawthorne

INDEPENDENT EXAMINER

PMB Chartered Accountants 7 The Square Comber BT23 5DX

BANKERS

Danske Bank 35 High Street Newtownards BT23 7HS

SOLICITORS

Alan Reid Murlands Solicitors 33 Church Road, Carryduff BT8 8DT

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland

TRUSTEES ANNUAL REPORT

The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2023.

STRUCTURE AND MANAGEMENT

The Kirk Session

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

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

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

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

Presbytery

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

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland

TRUSTEES ANNUAL REPORT (cont’d)

The General Assembly

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

DESCRIPTION AND PURPOSE

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

The congregation seeks to be a haven for people with broken hearts. We believe that as God's family we should love, care for and support one another in the ups and downs of everyday life. We want all who attend our services to feel at home, be inspired by the worship, and challenged by the biblical messages.

Granshaw Presbyterian Church exists to help the wider community in its practical and spiritual needs. The church is open to anyone who wishes to worship God or explore spiritual question. It serves the island of Ireland with it links to congregations both in Northern Ireland and the Republic of Irelands and its social care outreach. It serves the wider world by its overseas partnerships. Granshaw has supported COTN (Children of The Nations) and their work in Malawi, East Africa.

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GRANSHAW PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland

TRUSTEES ANNUAL REPORT (cont’d)

ACTIVITIES AND OBJECTIVES

The congregation meets for worship every Sunday and visitors are welcome to join. The services are streamed online to enable everyone to be part of the service. Communion is observed on several occasions during the year and all those who have been baptised and who have made a profession of faith in Jesus are admitted to the Lord’s Supper. The congregation holds regular bible study meetings for various age groups and at various times through the week. As well as weekly prayer times the church has a wide range of organisations including:

ACHIEVEMENTS AND PERFORMANCE

Worship and prayer

The congregation meets for worship each Sunday at 11.00am. During the week various Bible Study groups provide the opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer.

As well as our regular services during the year we acknowledged God’s gift of new life at Sacraments of Baptism, we conducted marriage services and sought to comfort those who had been bereaved during the year.

At 31 December 2023 there were 362 families connected with the congregation, representing a total of 850 individuals. The average attendance at Sunday worship during the year was 470 but his does not take account of the number of people watching the service online.

Pastoral care

Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister, elders or by one of the congregation’s pastoral visitors. They can also request digital copies of the Sunday morning service to view in their own homes.

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland

TRUSTEES ANNUAL REPORT (cont’d)

Mission and outreach

The congregation seeks to be a haven for people with broken hearts. We believe that as God’s family we should love, care for and support one another in the ups and downs of everyday life. We do this in many ways, by worshipping together as a Church family on Sundays and during the week and by reaching out with the love of God to those around us.

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

Presbytery

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

General Assembly

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

Property

Granshaw Church is a grade B listed building and is well maintained to a high standard. The church is over 150 years old and needs constant upkeep, which the congregational Committee oversee.

Other properties belonging to the congregation include a suite of halls. Our halls are looked after by a part time caretaker and volunteers. There is also a graveyard and football pitch on the church’s property and these are well maintained.

The Minister is required to live in the manse provided by the church. The manse address is 8 Gransha Road, Comber, BT23 5QA and is well maintained. The church has an additional residential property located beside the main church building.

Volunteers

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

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland

TRUSTEES ANNUAL REPORT (cont’d)

PUBLIC BENEFIT STATEMENT

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

The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church’s subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved).

Generally, the above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites, and social media or in other ways.

The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public.

The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular organisations, charities and individual members of the public.

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

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland

TRUSTEES ANNUAL REPORT (cont’d)

FINANCIAL REVIEW

The congregation’s main source of income is members’ contributions through the Weekly Freewill Offering. There were 315 contributors during the year [2022: 318] donating a total of £145,038 (2022: £136,066).

Total Income of the congregation during the year was £340,196, compared to £343,583 in the previous year. Loose collections and donations increased on the prior year and the decrease in total income is mainly due to an insurance claim received in the prior year.

Total expenditure increased to £330,535 from £318,507 due increased congregational running costs and increased amounts due to the General Assembly.

RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS

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

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

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable them to ensure that the financial statements comply with the Statement of Recommended Practice “Accounting and Reporting by Charities (1 January 2015)”. They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland

GOING CONCERN

The total income of the church is in line with the prior year. Net current assets have increased by 14% and liabilities have decreased by 36% showing an improved balance sheet with cash on hand at £197,408.

The activities of the congregation are dependent on ongoing contributions from its members. The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report and subject to the continuing support from members to fund on an ongoing basis the congregation’s current activities and other financial commitments. As a result, the financial statements have been prepared on a going concern basis.

RESERVES POLICY

The Trustees have considered the level of unrestricted reserves that it is appropriate to hold taking account of current and ongoing commitments. At the year end unrestricted reserves were £1,314,678 (2022: £1,322,112), the Trustees, consider it prudent to hold reserves at this level as the funding of its present activities is dependent of the ongoing financial support of members.

RISK REVIEW

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

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland

QUALIFIED INDEPENDENT EXAMINERS OR AUDITORS REPORT TO THE TRUSTEES OF GRANSHAW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 10 to 24.

Respective responsibilities of trustees and examiner

As the charity’s trustees of Granshaw Presbyterian Church you are responsible for the preparation of the accounts in accordance with the requirements of The Charities Act (Northern Ireland) 2008 (‘the Act’).

I report in respect of my examination of the Granshaw Presbyterian Church's accounts carried out under section 25 of The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 65(3)(a) of the ‘the Act’.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Granshaw Presbyterian Church as required by section 63(1) and (2) of the Regulations; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn to this report in order to enable a proper understanding of the accounts to be reached .

…………………………. Peter Bond FCA Date: 26 April 2024

7 The Square Comber Newtownards BT23 5DX

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland

STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2023

Notes Unrestricted
Funds		 Restricted
Funds		 Total Funds
2023		 Total Funds
2022
£ £ £ £
Income and Endowments from:
Donations and legacies 2 187,056 106,412 293,468 276,898
Charitable activities 3 44,671 - 44,671 52,018
Investments 4 1,434 - 1,434 66
Other 4 623 - 623 14,601
------------- ------------- ------------- -------------
Total 233,784 106,412 340,196 343,583
------------- ------------- ------------- -------------
Expenditure on:
Raising funds 5 2,880 - 2,880 2,932
Charitable activities 6 285,778 41,223 327,001 314,920
Governance 6 655 - 655 655
------------- ------------- ------------- -------------
Total 289,313 41,223 330,536 318,507
------------- ------------- ------------- -------------
Net Income / (expenditure) (55,529) 65,189 9,660 25,076
Transfers between funds 48,094 (48,094) - -
------------- ------------- ------------- -------------
Net movement in funds (7,435) 17,095 9,660 25,076
Reconciliation of funds:
Total funds brought forward 1,322,113 69,840 1,391,953 1,366,877
------------- ------------- ------------- -------------
Total funds carried forward 1,314,678 86,935 1,401,613 1,391,953
======== ======== ======== ========

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland

BALANCE SHEET

As at 31 Decemeber 2023 Notes Unrestricted
Funds		 Restricted
Funds		 Total Funds
2023		 Total Funds
2022
£ £ £
Fixed assets:
Tangible assets 9 1,174,411 - 1,174,411 1,192,820
------------- ------------- ------------- -------------
Total fixed assets 1,174,411 - 1,174,411 1,192,820
------------- ------------- ------------- -------------
Current assets
Debtors 10 35,819 - 35,819 35,405
Cash at bank and in hand 11 110,473 86,935 197,408 173,129
------------- ------------- ------------- -------------
Total current assets 146,292 86,935 233,227 208,534
------------- ------------- ------------- -------------
Liabilities:
Creditors: Amounts falling due
within one year		 12 6,025 - 6,025 9,401
------------- ------------- ------------- -------------
Net current assets or liabilities 140,268 86,935 227,202 199,133
------------- ------------- ------------- -------------
Total assets less current liabilities 1,314,678 86,935 1,401,613 1,391,953
Creditors: Amounts falling due
after more than one year - - - -
------------- ------------- ------------- -------------
Total net assets or liabilities 1,314,678 86,935 1,401,613 1,391,953
------------- ------------- ------------- -------------
Funds of the charity
Restricted income funds 13 - 86,935 86,935 69,840
Unrestricted funds 13 1,314,678 - 1,314,678 1,322,113
------------- ------------- ------------- -------------
Total charity funds 1,314,678 86,935 1,401,613 1,391,953
------------- ------------- ------------- -------------

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GRANSHAW PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2023

1. ACCOUNTING POLICIES

BASIS OF FINANCIAL STATEMENTS

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective 1 January 2015).

The financial statements have been prepared under the historical cost convention except for residential properties, which are shown at fair value. The financial statements include all transactions, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.

The end of restrictions related to the Covid-19 pandemic has led to an increase in the delivery of church activities which has had a positive impact on the financial performance in the year. The charity generated net income similar to 2019 and at year end had £103,289 unrestricted cash at bank and on hand.

The activities of the congregation are dependent on ongoing contributions from its members. The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report and subject to the continuing support from members to fund on an ongoing basis the congregation’s current activities and other financial commitments. As a result the financial statements have been prepared on a going concern basis.

FUND ACCOUNTING

Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.

Unrestricted funds are income funds which are to be spent on the congregation’s general purposes. Designated funds are general funds set aside by the congregation for use in the future.

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

1. ACCOUNTING POLICIES (cont’d)

INCOMING RESOURCES

(i) Recognition of incoming resources

These are included in the Statement of Financial Activities (SoFA) when:

(ii) Incoming resources with related expenditure

Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SoFA.

(iii) Grants and donations

Grants and donations are only included in the SoFA when the congregation has unconditional entitlement to the resources.

(iv) Tax reclaims on donations and gifts

Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.

(v) Contractual income and performance related grants

This is only included in the SoFA once the related goods or services have been delivered.

(vi) Gifts in kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

1. ACCOUNTING POLICIES (cont’d)

(vii) Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

(viii) Investment income

This is included in the accounts when receivable.

(ix) Investment gains and losses

This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

EXPENDITURE AND LIABILITIES

(x) Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources.

(xi) Governance costs

These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

(xii) Grants with performance conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.

(xiii) Grants payable without performance conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity .

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

1. ACCOUNTING POLICIES (cont’d)

ASSETS

(xiv) Tangible Fixed Assets

Tangible fixed assets, except residential properties, for use by charity are capitalised if they can be used for more than one year, and cost at least £2,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation is recorded on the below tangible fixed assets other than freehold land, at rates calculated to write of the cost, less estimated residual value, of each asset over its expected useful life as follows

Buildings: - between 20 and 50 years Fixtures, fittings and equipment - over 10 years IT and technical equipment - over 5 years Motor Vehicles - over 4 years

Residential properties are used by the charity in pursuit of its charitable activities and initially held at cost and subsequently measured at fair value on a regular basis.

(xv) Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees’ best estimate of market value.

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GRANSHAW PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

2. DONATIONS AND LEGACIES

Unrestricted
Funds		 Restricted
Funds		 Total Funds
2023		 Total Funds
2022
£ £ £ £
Recorded giving:
Loose collections
 145,038 32,259 177,297 160,636
Donations and gifts
 6,794 54,153 60,947 85,836
Gift Aid
 35,224
 - 35,224 30,426
Legacies and bequest
 - 20,000 20,000
 -
---------- ---------- ---------- ----------
187,056 106,412 293,468 276,898
---------- ---------- ---------- ----------
3.
CHARITABLE ACTIVITIES
Unrestricted Funds Restricted Funds Total Funds 2023 Total Funds 2022
£ £ £ £
Income from charitable activities:
Fees from weddings and funerals
 900
 - 900 450
Fundraising events
 6,384
 - 6,384 11,143
Organisations
 37,387
 - 37,387 40,425
---------- ---------- ---------- ----------
44,671
 - 44,671 52,018
---------- ---------- ---------- ----------

3. CHARITABLE ACTIVITIES

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GRANSHAW PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont’d)

31 December 2023

4. OTHER INCOME

Unrestricted
Funds		 Restricted Funds Total Funds 2023 Total Funds 2022
£ £ £ £
Bank Interest 1,434
 - 1,434 66
Other Income 623
 - 623 14,601
---------- ---------- ---------- ----------
2,057
 - 2,057 14,667
---------- ---------- ---------- ----------
5. RAISING FUNDS
Unrestricted
Funds		 Restricted Funds Total Funds 2023 Total Funds 2022
£ £ £ £
FWO envelopes 255
 - 255 803
Fundraising events 2,625
 - 2,625 2,129
---------- ---------- ---------- ----------
2,880
 - 2,880 2,932
---------- ---------- ---------- ----------

5. RAISING FUNDS

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GRANSHAW PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont’d)

31 December 2023

6. CHARITABLE ACTIVITIES

Unrestricted
Funds		 Restricted Funds Total Funds 2023 Total Funds 2022
£ £ £ £
General Assembly Assessments
 28,178
 - 28,178 25,291
Presbytery fees
 884
 - 884 837
Ministry and support staff costs
 93,299
 - 93,299 90,090
Congregational running expenses
 122,744
 - 122,744 116,941
Donations to Missions and charities
 - 41,223 41,223 37,580
Organisations
 40,673
 - 40,673 44,182
---------- ---------- ---------- ----------
285,778 41,223 327,001 314,920
---------- ---------- ---------- ----------
Governance costs
 655
 - 655 655
---------- ---------- ---------- ----------

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

7. EMPLOYEES

----- Start of picture text -----
Employment Costs
£ £
Wages and Salaries 49,718 47,882
Pension contributions 1,640 1,463
---------- ----------
51,358 49,345
---------- ----------
Total Funds 2023 Total Funds 2022
----- End of picture text -----

The minister of the congregation is remunerated by the Presbyterian Church in Ireland. The congregation pays an assessment to the Presbyterian Church and based on the stipend paid to the minister

Number of Employees

The average number of full time employees, including the minister of the congregation, during the year was 2 (2022: 2) and the average number of part time staff was 2 (2022: 2).

There were no employees in receipt of employee benefits in excess of £60,000.

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GRANSHAW PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

8. PENSION COSTS

The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employer’s pension contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type, providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24% of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit.

The contributions made by the congregation during the year were

----- Start of picture text -----
£ £
Contributions 10,100 9,619
---------- ----------
Total Funds 2023 Total Funds 2022
----- End of picture text -----

The congregation operates an occupational pension with defined contributions policy for its employees. The scheme and its assets are held by an independent scheme manager. The pension charge represents the contributions due from the congregation during the year.

£ £ Contributions 1,640 1,463 -------------------

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont’d)

31 December 2023

9. TANGIBLE FIXED ASSETS

Residential
properties		 Land and
buildings		 Fixtures and
fittings		 IT Equipment Motor
Vehicles		 Total
£ £ £ £ £
Cost or Valuation
At start of year 528,378 825,633 93,587 13,015 13,800 1,474,413
Additions 3,240 - 10,270 - - 13,510
Disposals - - - - - -
Revaluation - - - - - -
---------- ---------- ------- ---------- ---------- -------------
At end of year 531,618 825,633 103,857 13,015 13,800 1,487,923
---------- ---------- ------- ---------- ---------- -------------
Depreciation
At start of year - 191,245 63,534 13,015 13,800 281,594
Provision for year - 18,345 13,573 - - 31,918
Disposals - - - - - -
---------- ---------- ------- ---------- ---------- -------------
At end of year - 209,590 77,107 13,015 13,800 313,512
---------- ---------- ------- ---------- ---------- -------------
Net Book Value
At end of year 531,618 616,043 26,750 - - 1,174,411
---------- ---------- ------- ---------- ---------- -------------
At start of year 528,378 634,388 30,053 - - 1,192,819
---------- ---------- ------- ---------- ---------- -------------

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GRANSHAW PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont’d)

31 December 2023

10. DEBTORS

2023 2022
Gift Aid Recoverable 27,500 27,500
Prepayments and accrued income 8,319 7,905
---------- ----------
35,819 35,405
====== ======

11. CASH AT BANK AND IN HAND

2023 2022
Current account 19,643 19,557
Savings deposit account 46,121 35,737
Special projects account 86,935 69,840
Organisations 44,709 47,995
---------- ----------
197,408 173,129
====== ======

12. CREDITORS: amount falling due within one year

2023 2022
Creditors 4,805 8,266
Accruals 1,220 1,135
---------- ----------
6,025 9,401
====== ======

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GRANSHAW PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont’d)

31 December 2023

13. FUND BALANCES AND RECONCILIATION OF FUNDS

Fund Balance at start Income Expenditure Gains/ Losses Transfer Balance at end
£
£		 £ £ £ £
Unrestricted Funds
General fund 1,322,113 233,784 (289,313) - 48,094 1,314,678
---------------
---------------		 --------------- --------------- --------------- ---------------
1,322,113 233,784 (289,313) - 48,094 1,314,678
---------------
---------------		 --------------- --------------- --------------- ---------------
Restricted Funds
Building project - - - - -
Special project fund 69,840 36,970
-		 - (19,875) 86,935
Repairs & Maintenance - 20,524 - (20,524) -
Missions - 28,918 (41,223) - 12,305
-
Bequests - 20,000 - (20,000) -
--------------- --------------- ---------------
---------------		 ---------------
---------------
69,840
106,412		 (41,223) - (48,094) 86,935
--------------- --------------- ---------------
---------------		 ---------------
---------------
Total Charity Funds 1,391,953
340,196		 (330,536) - - 1,401,613
--------------- --------------- ---------------
---------------		 ---------------
---------------

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GRANSHAW PRESBYTERIAN CHURCH

a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

14. RELATED PARTY TRANSACTION

One of the Trustees, the minister of the congregation received remuneration of £42,084 (2022: £40,080) and expenses of £8,253 (2022: £7,288) for acting in that capacity. The minister of the congregation is remunerated by the Presbyterian Church in Ireland. The congregation pays an assessment to the Presbyterian Church and based on the stipend paid to the minister. Pension contribution of £10,100 (2022: £9,619) were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). Mr Rodney Smyth, received £9,512 during the year in connection with his employment as Church Caretaker and Mr Gavin Young received £200 for pulpit supply, none of the other trustees received any remuneration.

During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity:

£16,894 (2022: £16,600) for congregational assessments £17,052 (2022: £16,155) towards the United Appeal £785 (2022: £705) towards the World Development Appeal £7,290 (2022: £6,000) towards the Moderator’s appeal for the war in Ukraine

There were no other related party transactions.

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