Charity Number: NIC104768
Hill Street Presbyterian Church
Annual Report and Unaudited Financial Statements
for the financial year ended 31 December 2023

Hill Street Presbyterian Church
CONTENTS
Page
Trustees, and Other Information
Trustees, Report
Statement of Trustees, Responsibilities
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9-14
Supplementary Information relating to the Financial Statements
16

Hill Street Presbyterian Church
TRUSTEES. AND OTHER INFORMATION
Trustees
John Graham
Kenny Belshaw
Nigel Mccullough
Alan Blair
Dan Corr
Nigel Girvan
Billy Harra
Clarke Kennedy
Leslie Mccullough
Graham Montgomery
Malcolm Qua
Colin Robb
Glenn Barbour
Lewis Porter
David McReynolds
Charity Number in Northern Ireland
NIC104768
Principal Address
6 Applevale
Portadown
Co. Afrnagh
BT63 SYG
United Kingdom
Independent Examiner
MG accounlanls
(Portadownl
25-27 Cadeton Street
Portadown
Co. Amagh
BT62 3EP
Northem Ireland
Principal Bankers
Danske Bank
PO Box 183
Donegall Square West
Belfast
Co. Antrim
BT16JS
United Kingdom

Hill Street Presbyterian Church
TRUSTEES. REPORT
for the financial year ended 31 December 2023
The trustees present their Trustees, Report and the unaudited financial statements for the financial year ended 31
December 2023.
The financial statements are prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in
the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo chanties preparing their financial statements in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021.
The Trustee5' Report contains the information required to be provided in the Trustees, Annual Report under Ihe
Slalernent of Recommended Practice ISORP) guidelines.
In this report the trustees of Hill Street P￿$bYterian Church present a summary of its purpose. governance, activities,
achievements and finances for the financial year 31 December 2023.
Review of Activities. Achievements and Performan¢e
Hill Street Presbyterian Church exisls lo lead people to saving faith in Jesus. to bring them to maturity within the
fellowship and lo encourage them to worship God in Spirit and Twth, and with lives of service.
Financial Reviow
The results for the financial year are set out on page 7 and additional notes are provided showing income and
expenditure in greater detail.
Results and Dividends
Al the end of the financial year the charity has assets of £1.124,933 {2022 - £1.034,454) and liabilities of £1,560
(2022 - £1,420). The net assets ofthe charity have increased by £90.339.
Reserves Position and Policy
The Trustees have considered the level of unrestricted reserves that is appropriate to hold taking account of current
and ongoing commitments. It is the policy of the Trustees to hold al least 12 months nomial expenditure. Al the year
end the unrestricted reserves were £623,217. The Trustees consider il prudent to hold reserves at this level as the
funding of its present activities is dependent of the ongoing financial support of mernbers.
Principal Risk5 and Uncertainties
A review of major risks has been undertaken by the Trustees and systems and procedures implemented lo manage
identified risks. The principal risks are in ￿latiOn to the likelihood of reputational damage and financial risks
associated with the expectation of ongoing financial support from members. These risks are miligaled by the
Trustees, and the Congregational Committee. regulady monitoring the various activities of the congregation al stated
meetings and by encouraging members in their regular giving.
Going Concern
The activities of the congregation are dependent on ongoing contributions from ils members. The Trustees are of the
opinion that the congregation has sufficient resources al the date of approval of these financial statements lo meet
commitments which will arise in the year from the dale 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.
Complian¢e with Sector-wide Legislation and Standards
The Charities SORP IFRS 102}
Approved by the Trustees on 20 August 2024 and signed on its behalf by:
Kenny Belshaw
Trustee
Nigel MCC
Trustee
lough

Hill Street Presbyterian Church
STATEMENT OF TRUSTEES. RESPONSIBILITIES
for the financial year ended 31 December 2023
The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations.
The law applicable lo charities in Northem Ireland requires the Iruslees to prepare financial statements for each
financial year which give a Ifue and fair view of the assets, liabilities and financial position of the charity as al the
financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act
(Northern Ireland) 2008.
In preparing these financial slatemenls, the Iruslees are required lo=
select suitable accounting policies and apply them consistently..
obsetve the methods and principles in the Charities SORP
make judgements and accounting estimates that are reasonable and prudent.,
stale whether the financial slalemenls have been prepared in accordance with applicable 8ccounling standards,
identify those standards, and note the effect and the reasons for any material departure from those standards-
and
prepare the financial statements on the going concem basis unless it is inappropriate lo presume that the charity
will continue in operation.
The trustees confirm that they have complied with the above requirements in preparing the financial st81ements.
The Iruslees are responsible for keeping adequate accounting records that are sufficient to show and explain the
charity's transactions and disclose with reasonable accuracy at any lime the financial position of the charity and
enable them to ensure that the financial statements comply with the Chaiilies Act (Northern Ireland} 2008. They are
also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention
and detectioll of fraud and other irregularities.
Approved by the Trustees on 20 August 2024 and signed on its behalf by:
Kenny Belshaw
Trustee
Nigel M¢
Trustee
ug

Hill Street Presbyterian Church
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HILL
STREET PRESBYTERIAN CHURCH
We have examined the financial statements of the charity for the financial year ended 31 December 2023. which
comprise the Statement of Financial Activities. the Balance Sheet and the related notes.
This report is made solely to the charity's members. as a body, in accordance with the Charities Act (Northem
Ireland} 2008. Our work has been undertaken so that we might compile the financial statements that we have been
engaged to compile, report to the Trustees that we have done so. and stale those matters that we have agreed lo
slate lo them in this report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or
assume responsibility lo anyone olher than the charity and the charity's members, as a body, for our work. or for this
report.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the financial statements in accordance with the
requirements of the Charities Acl (Northem Ireland) 2008_ The charity's trustees consider that an audit is not required
for this financial year under the Charities Act (Northern Ireland) 2008 and that an independent examination is
required.
It is our responsibility to:
examine the financial slalements under section 65 of the Charities Act..
follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland
under section 65{9}(bl of the Charities Act- and
state whether particular malters have come lo our attentiov).
Basis of independent examin¢rfs report
We have examined your charity financial slalements as required under section 65 of the Charities Act and our
examination was carried out in accordance with the general Directions given by the Charity Commission for Northern
Ireland under section 65191{b) of the Charities Act. An examination includes a review of the accounting recor(Js kept
by the charity and a comparison of the financial slatements presented with those records. 11 also includes
consideration of any unusual items or disclosures in the financial statements and seeking explanations from the
trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be
required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair, view
and the report is limited lo those malters set out in the statement below.
In connection with our examination. no Matter has come to our attention which gives us cause to believe that in, any
material respect..
accounting records were not kept in accordance with section 63 of the Charities Act
the financial slalements do not accord with those accounling records
the financial statements have not been prepared in accordance with the Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS102)
there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
We have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order lo enable a proper understanding of the financial statements lo be reached.
MG
ccountants
{Portadownl
25-27 Carieton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
Date.. 20 August 2024

Hill Street Presbyterian Church
STATEMENT OF FINANCIAL ACTIVITIES
for the financial year ended 31 December 2023
Unrestricted Restricted
Funds
Funds
2023
2023
Total Unrestricted Restricted
Funds
Funds
Funds
2023
2022
2022
Total
Funds
2022
Notes
Incoming Resources
Activities for generating
funds
267,294
137,472
404.766
254.121
143.328
397,449
Resources Expended
Charitable activities
Other expenditure
199.345
113.493
1,589
312.838
1.589
181.787
131.103
740
312.890
740
Total Resources
Expended
199.345
115.082
314,427
181,787
131,843
313,630
Net incomingloutgoing
resources before
transfers
67.949
22.390
90.339
72.334
11.485
83.819
Gross transfers between
funds
Net movement in funds
for tho financial yoar
67,949
22,390
90,339
72.334
11,485
83.819
Reconciliation of funds-
Total funds beginning of the
year
14
555.268
477.766 1.033.034
482,934
466,281
949,215
Total funds at the end of
the year
623.217
500,156 1.123.373
555,268
477,766 1,033,034
The Statement of Financial Activities includes all gains and losses recognised in the financial year.
All income and expenditure relate to continuing activities.
The notes on page5 9 10 14 forwn part of the finanual statements

Hill Street Presbyterian Church
BALANCE SHEET
as al 31 December 2023
2023
2022
Noles
Fixed Assets
Tangible assets
Investments
340.866
100.905
347,173
102,924
10
441.771
450,097
Current Assets
Debtors
Cash al bank and in hand
11
34,652
648,510
29.510
554,847
683.162
584.357
Creditors.. Amounts falling due within one year
12
{1,560)
11,4201
Net Current Assets
681,602
582.937
Total Assets less Current Liabilities
1.123.373
1.033,034
Funds
Reslricled trust funds
Designated funds {Unreslrictedl
General fund lunreslricted)
500,156
627,817
14.6001
477,766
559,868
{4,6001
Total funds
14
1.123.373
1,033,034
Approved by the Trustees and authorised for issue on 20 August 2024 and signed on its behalf by
Kenny Belshaw
Trustee
Nigel Mc
Trustee
The noles on pages 9 10 14 form part of the financial slalements

Hill Street Presbyterian Church
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2023
GENERAL INFORMATION
Hill Street Presbyterian Church is a charity incorporated in Northern Ireland. The registered office of the
company is 6 Applevale. Portadown, Co. Arfflagh, BT63 5YG. United Kingdom which is also the principal
place of business of the charity. The financia5 statements have been presented in Pound Sterling (£1 which is
also the functional currency of the charity.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered
material in relation lo the charity s financial statements.
Basis of preparation
The financial slalements have been prepared on the going con￿￿ basis under the historical cost
convention, modified to include certain items at fair value. The financial statements have been prepared in
accordance with the Statement of Recommended Practice ISORP) "Accounb'ng and Reporting by Charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland FRS 102".
As permitted by the Companies Act 2006, the charity has varied the standard fomials in that act for the
Statement of Financial Activities and the Balance Sheet. Departures from the standard formals are to comply
with the requirements of the Chanties SORP and are in compliance with section 4.7. 10.6 and 15.2 of that
SORP.
Statement of compliance
The financial statements of the charity for the financial year ended 31 December 2023 have been prepared
on the going concern basis and in accordance with the Statement of Recommended Practice ISORP}
"Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
standard applicable in the UK and Republic of Ireland FRS 102".
Incorning Resources
Voluntary income or capital is included in the Statement of Financial Activities when the charity is legally
enlilled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainly of
ils ultimate receipt. Enlitlemenl to legacies is considered established when the charity has been notified of a
distribution lo be made by the executors. Income received in advance of due perfomiance under a contract is
accounted for as deferred income until earned. Grants for activities are recognised as income when the
related conditions for legal enlitlemenl have been met. Atl other income is accounted for on an accruals basis.
Income from ¢haritable activities
Income from charitable activities indude income earned from the supply of seNices under contractual
arrangements and from perfomiance related grants which have conditions that specify the provision of
particular services to be provided by the charity- Income from govemment and other co-funders 15 recognised
when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related
funding agreements. Where a grant is ￿ceiVed in advance, its recognition is deferred and included in
creditors. Where entitlement occurs before income is received. it is accrued in debtors.
Grants from governments and olher co-funders typically include one of the following types of conditions..
Perforniance based conditions.. whereby the charity is contractually entitled to funding only to the extent that
the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of
a grant agreement, it recognises the related expenditure, to Ihe extent that il is reimbursable by the donor. as
income.
-Time based conditions.. Whe￿bY the charity is corklractually entitled lo funding on the condition that il is
utilised in a particular period. In these cases the charity recognises the income lo the extent it is utilised within
the period specified in the agreement.
In the absence of such conditions, assuming that receipt is probable and the afflounl can be reliably
measured, grant income is recognised or)ce the charity is notified of enlillemenl.
Grants received lowards capital expenditure are credited to the Stalemenl of Financial Activities when
received or receivable, whichever is earlier.

Hill Street Presbyterian Church
NOTES TO THE FINANCIAL STATEMENTS
continued
for the financial year ended 31 Decefflbei 2023
Resources Expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expendilure includes any VAT
which cannot be fully recovered, and is reported as part of the expenditure lo which it relates.
Other charitable expenditure comprises those cosls incurred by the charity in the delivery of its activities and
services for ils beneficiaries. It includes both costs that can be allocated directly lo such activities and those
costs of an indirect nature ne￿5$ary lo support them.
Central Church Assessments are paid annually by quarterfy inslalments.
Ministry and Support staff are paid in accordance with agreed terms and conditions and for the direct benefit
of the charity s congregation.
Tangible fixed assets and depre¢iation
Tangible fixed assets are stated al cost or at valuation. less accumulated depreciation. The charge lo
depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated
residual value, over their expected useful lives as follows-
Land and buildings freehold
Plant and machinery
Motor vehicles
4Yo Straight line
15Yo Straight line
25% Straight line
Investments
Investments held as fixed assets are staled at cosl less provision for any perrnanenl diminulion in value.
Income from other financial fixed asset investments together with any related tax credit is recognised in the
profit and loss account in the year in which it is receivable.
Debtors
Debtors are recognised at the settlement amount due after any discounl offered. Prepayments are valued at
the amount prepaid net of any trade discounts due. Income recognised by the charity from government
agencies and other co-funders. but not yel received at year end, is included in debtors.
Cash at bank and in hand
Cash al bank and in hand comprises cash on deposit at banks requiring less than Ihree months notice of
withdrawal.
Taxation and deferred taxation
No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable
valued added tax is expensed as incurred.
INCOME
OTHER TRADING ACTIVITIES
Unrestricted Restricted
Funds
Funds
2023
2022
Regular Direct Giving
Donations and Legacies
Activities that generate income
Investment Income
Other Income Sources
254.582
4.229
2,158
5,522
803
100,146
18.129
5,459
24
13.714
354,728
22.358
7,617
5.546
14.517
315,131
34,015
5,959
22,329
20,015
267.294
137,472
404.766
397,449
10

Hill Street Presbyterian Church
NOTES TO THE FINANCIAL STATEMENTS
continued
for the financial year ended 310ecember 2023
EXPENDITURE
CHARITABLE ACTIVITIES
Direel
Costs
Other
Cosls
Support
Costs
2023
2022
Central Church Assessments
Ministry and Support Staff
Life and Work
Other Support Costs
Grants to missions and charities
Governance Costs (Note 4.3>
18,206
134,038
16,930
35,136
134,038
32.336
37,811
68.530
4.987
32.713
117,677
30,814
49.026
76,722
5,938
32.336
37,811
68,530
4.987
220,774
92,064
312,838
312,890
OTHER EXPENDITURE
Direct
Cos15
Other
Costs
Support
Costs
2023
2022
Other expenditu
1.589
1,589
740
GOVERNANCE COSTS
Direct
Costs
Other
Costs
Support
Costs
2023
2022
Bank fees
Presbytery costs
Accountancy
674
2,463
1.850
674
2.463
1,850
1,780
2,418
1,740
4.987
4.987
5,938
SUPPORT COSTS
Charitable
Other Goveman¢e
Activities Expenditure
Costs
2023
2022
Central Ministry Fund
Worship and Fellowship
Bank fees
Subsistence
Office costs
Property and Equipment
Governance costs
other staff
Utilities
Insurance
50
16,936
1,780
5,362
8,247
42,390
2,628
5,878
17.059
6,048
14,215
1,500
674
15.715
674
11,773
7,937
39.216
2.813
10.184
7,937
39.216
1.589
2.813
13,678
1.847
13.678
1.847
87,077
1,589
4,987
93,653
106,378
11

Hill Street Presbyterian Church
NOTES TO THE FINANCIAL STATEMENTS
continued
for the financial year ended 31 December 2023
ANALYSIS OF SUPPORT COSTS
2023
2022
Central Ministry Fund
Worship and Fellowship
Bank fees
Subsistence
Office costs
Property and Equipment
Governance costs
Other staff
Utilities
Insurance
50
16.936
1,780
5,362
8,247
42,390
2,628
5,878
17,059
6,048
15,715
674
11,773
7,937
39,216
2,813
13.678
1,847
93.653
106,378
NET INCOMING RESOURCES
2023
2022
Net Incoming Resources are stated after chargingllcrediting):
Depreciation of tangible assets
16.930
14,805
INVESTMENT AND OTHER INCOME
2023
2022
Bank interest
4.194
265
EMPLOYEES AND REMUNERATION
The staff costs {inclusive of trustees, salaries) cornprise=
2023
2022
Wages and salaries
134,038
117,677
TANGIBLE FIXED ASSETS
Land and
buildings
freehold
Plant and
machinery
Motor
vehicles
Total
Cost or Valuation
Al 1 January 2023
Additions
350.872
15,940
10,623
23,000
389,812
10,623
Al 310ecember 2023
350,872
26,563
23,000
400,435
Depreciation
Al 1 January 2023
Charge for the financial year
21,051
7.017
3,188
5,313
18.400
4,600
42,639
16,930
Al 31 December 2023
28,068
8,501
23.000
59,569
Net book value
At 31 December 2023
322,804
18,062
340,866
Al 31 December 2022
329,821
12,752
4,600
347,173
12

Hill Street Presbyterian Church
NOTES TO THE FINANCIAL STATEMENTS
continued
for the financial year ended 31 Decembef 2023
10.
INVESTMENTS
Other
investments
Investments
Cost
At 1 January 2023
Revaluations
102,924
12,0191
At 31 December 2023
100.905
Net book value
At 31 December 2023
100,905
At 31 December 2022
102,924
11.
DEBTORS
2023
2022
Gift aid tax due
34,652
29,510
34,652
29,510
12.
CREDITORS
Amounts falling due within one year
2023
2022
Accruals and deferred income
1.560
1,420
13.
RESERVES
2023
2022
Al the beginning of the year
Surplus for the financial year
1,033,034
90.339
949,215
83,819
At the end of the year
1,123,373
1,033,034
14.
FUNDS
14.1 RECONCILIATION OF MOVEMENT IN FUNDS
Unrestricted Restricted
Funds
Funds
Total
Funds
Al 1 January 2022
Movement during the financial year
482.934
72,334
466.281
11.485
949.215
83,819
Al 31 December 2022
Movernenl during the financial year
555.268
67,949
477,766
22.390
1,033.034
90.339
Al 31 December 2023
623,217
500.156
1.123.373
13

Hill Street Presbyterian Church
NOTES TO THE FINANCIAL STATEMENTS
continued
foi the financial year ended 31 December 2023
14.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
1 January
2023
Income Expenditure
Transfers
Balance
between 31 December
funds
2023
Restricted funds
Incoming Resources
Resources Expended
937,657
1459.891)
137.472
1,075,129
{574,973}
115.082
477,766
137.472
115.082
500,156
Unrestricted funds
Incoming Resources
Resources Expended
Unrestricted General
1,421.179
1861.311)
(4,600)
267.294
1,850
197,495
1,686,623
11.058,806)
14,6001
555,268
267,294
{199.345)
623.217
Total funds
1,033,034
404,766
314.427
1.123,373
15.
TRUSTEES. REMUNERATION
2023
2022
Remuneration
62.459
49,789
16.
POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial year-end.
14

HILL STREET PRESBYTERIAN CHURCH
SUPPLEMENTARY INFORMATION
RELATING TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
15

Hill Street Presbyterian Church
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
Operating Statement
for the financial year ended 31 December 2023
2023
2022
Income
Recorded Giving
Tax recorded on gift aid
Loose collection
Gifts and donations
Other income
Activities to generate income
Investment incorne
292.126
51,017
11,585
12,527
29,322
2,643
1,352
258,280
43,660
13.191
30,186
19,335
7,203
22,329
400,572
394,184
Expenses
Wages and salaries (including trustees. remuneration)
Central Ministry Fund
Presbytery Fees
Grants to misions and charities
Utililies
Worship and fellowship
Insurance
Cleaning
Repairs and maintenance
Printing, postage and ststionery
Telephone
Computer costs
Motor expenses
Accountancy
Bank charges
Subsistence
Depreciation
134,038
18,206
2,463
68,530
13.678
15.539
117.677
17,908
2,418
76,722
17,059
13,257
4.446
567
24,457
6,787
895
2,561
1,602
1,740
1,780
5,949
14,805
810
21,476
4,159
3.778
1,847
1,850
674
10,449
16,930
314,427
310,630
Mlscellaneous income
Bank interest
4,194
265
Not surplus
90.339
83,819
The supplementary information does nol fom part of the financial statements
16