Charity registration number NIC104808
RICHHILL PRESBYfERIAN CHURCH
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

RICHHILL PRESBYTERIAN CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr M McHugh
Mr T Graham
Rev A McNeely
Mr L Brownlee
Mr E Hanna
Mr D Milligan
Mr D Parr
Mr M Vallelly
Mr W Diffin
Mr S Cardwell
Mr S Thompson
Mr R Cregan
Mr A Graham
Mr D Black
Mr S Strain
Mr S Todd
Charlty number
NIC104808
Principal address
6 Cor¢reevy Road
Richhill
Co Armagh
BT619JR
Audltor
GMCG PORTADOWN
17 Mandeville Street
Portadown
Craigavon
Co Armagh
BT62 3PB
Bankers
Danske Bank
P.0. Box 183
Donegall Sq West
Belfast
BT16 ORL
Solicitors
Thompson Mitchell
12-14 Mandeville Street
Portadown
Craigavon
Co Armagh
BT62 3NZ

RICHHILL PRESBYfERIAN CHURCH
CONTENTS
Page
Trustees, report
Independent auditor's report
8-12
Statement of financial activities
13
Statement of financial position
14
Statement of cash flows
15
Notes to the financial statements
16-24

RICHHILL PRESBYTERIAN CHURCH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's Constitution, the Charities Act 2008 and "Accounting and
Reporting by Charities: 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 {FRS
102)" (effective 1 January 2019).
Obje¢tlves and actlvities
The charitable purpose of the congregation is the advancement of religion.
Richhill 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 exksts 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.
Richhill Presbyterian Church exists to lead people to saving faith in Jesus, to bring them to maturity Within the
fellowship. and to encourage them to worship God in Spirit and Truth, and with lives of service. This involves our
5 core purposes....
1 } Evangelism - Jesus, Great Commission of Matthew 28 compels us to go into the world and make disciples.
2) Discipleship- The Christian life is not a plane ticket to Heaven, it is a passport to serve in Jesus. new kingdom.
We are to grow in Chrisllikeness and experience sanctifiGation.
3) Fellowship The Christian is not to be a hermit but rather part of a worshipping community. God has
graciously set up His Church as a body of His people who serve Him.
4) Worship - Our worship is to be a sacrifice of praise to the one who is worthy - God, our Creator and
Redeemer.
5) Service- God in grace gives us good works of service to bring glory to His name and serve others.
Our Values."
11 Christ centered At RPC we believe Jesus is the Way the Truth and the Life. He is the only hope for the
nations and it is His gospel we proclaim.
2) Gènuine Worship - Our praise seeks to incorporate contemporary worship songs alongside the traditional
hymnody.
3) Reformed teaching - We have a Reformed perspective on theology which means we believe the Bible teaches
certain things aboul God and man, the world and church. These distinctive views can be seen in our preaching,
praying and community life.
4} Presbyterian ethos Our leadership subscribes to the Westminster Confession of Faith and we practice a
Presbyterian form of governance.
Public benefit
The trustees have paid due regard to guidance issued by the Charily Commission in deciding what activities the
charity should undertake.

RICHHILL PRESBYTERIAN CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Activities
The congregation met for worship every Sunday, moming and evening, Visitors are made very welcome.
Kirk Session agreed to have additional dates to serve the sacrament of the Lord's Supper. From March 2023 this
was monthly, excluding July and August.
Organisations:
Sunday S¢hooll Grid { Bible Class)
- Adult Bible Class... an opportunity for adults to be taught the foundations of our refomied fatth. ( at Sunday school
time)
Sunday crèche
a safe, secure interactive environment for babieslpre nursery so that parents can benefit from
the worship and teaching on a Sunday morning.
RPC Kids...children's church where kids enjoy their own praise time and hear Bible truths. ( nursery to P3)
Place... a Sunday night Bible based youth outreach encouraging fun and fellowship as they are discipled and find
belonging in our church family. (y12- age 22)
Ignite... a safe environment to interact with friends, play games, go on away trips and have the cpportunity for
regular Bible input.{ yr 8 - 11)
Toddle Inn... a place where babiesl pre nursery children with their parenv carer meet and enjoy sociavplay
interaction.
- Ambassadors. football partnership.. coaching sessions for primary/se¢ondary age children.
- Zone P1-7 . .fvn,games and Bible presentation
- Women's Bible Study ..... a weekly time to study God's Word.
Men's I Women's Ministry... Encouraging the congregation to connect and grow in their faith.
Midweekjgrowth groups/LOLMD groups.. Bible study and fellowship.
GLEE...a support group for young adults with leaming disabilities.
Bowling Club
- Tuesday Club...a weekly space for retired folk within our church family and local communty.
WASPS...a support group for widows and single people.

RICHHILL PRESBYTERIAN CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Achlevements and performance
1) Worship and prayer
> The church family meets for worship each Sunday at 11am and 6:30 pm with tea, Coffee and fellowship after the
morning service. This is an important aspect of how we enga9e together as a church family. The average moming
attendance is approx. 450 and evening approx. 200.
> We continue to stream online both moming and evening services to facilitate and encourage those who are
unable to attend in person. Average morning views are 200- 250 and evening views are 100-150.
> CDS are also distributed to those unable to access YouTube
> In September '23, Growing Young Disciples held an all day conference aimed at equipping young and old in our
congregation ie parents, grandparents, children, key leaders and volunteers to deal with the Gurrent issues of
identity. gender, technology, sexualisation, media and relationships.
> In October we were delighted lo hold our newcomers. lunch held every other year. This is an oppcrtunity for those
who have recently joined RPC to get to know staff and elders.
> In June .23 we welcomed 22 people into full church membership.
>We acknowledged God's gift of new life at 5 Sacraments of infant Baptism, 8 adults were also baptised. We
conducted 3 marriage services, and gave thanks for faithful seNices and sought to comfort those who had been
bereaved during the year.
> At 31 December 2023 there were 415 communicant members and 132 families ¢onnected with the congregation.
> A consultation team. appointed by Armagh Presbytery, visited RPC in Spring '23. Overall the consullation team
was extremely encouraged to hear how the Lord is at work amongst us. RPC is a vibrant and growing church and
we have mu¢h to thank the Lord for.
2)Property.'
> The following recommendations were made in the consultation team's architectural report '.
Replacement of 6 double glazed window units
New front and rear doors as well as an inside garage door. All of this work has been
Carried out at the manse.
> Other minor maintenance issues at the church are to be addressed.
> The Proposed construction of a new annexe was put on hold by Committee in December 2023 with altemative
options to be explored.
3)Pastoral care
>Memb6rs of the congregation who are unable to attend church due to sickness or age are visited on a regular
basis by the part lime pastoral minister. Rev Wilson Gordon, a member of the congregation, who is our voluntary
Pastoral Care minister and also by our assistant minister Jeff Gawn.
>Elders and pastoral Care team members also offer practical support when required. All are supplied with a weekly
CD of Sunday Worship.
> Kirk Session appointed a small working group to deal with staff issues and well being.
> A Code of Conduct for leaders and volunteers was circulated in December 2023.

RICHHILL PRESBYTERIAN CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
4)Mtssion and outreach
Mission and outreach events continue to be Gentral to the purpose of the church.
At a local level the congregation and its organisations exist to provide care and Christian love to the local
community. Many unchurched families attend the weekly organisations.
> Annual outreach events are held such as Holiday Bible Club which ran for 4 ¢onsecutive mornings in August
reaching almost 200 children from nursery to P 7.
>Ambassadors hosted a free week of football camp in July with over 200 primary school children in attendance at
the local football pitch.
They hold family friendly services to which many un¢hurched come.
>An Addictions Support Group meets monthly in our church facility to offer help and support to thc6e struggling with
a variety of addictions.
>A Christianity Explored course is held annually in the village café.
>The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in
Ireland. We surpassed our target of £21,126.This fund enables congregations to support the wider mission of the
denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on
tts 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.
>Our Mission fund envelope collèction enables us to give generously to the work of God's Kingdom at home and
worldwide. £98,180 was dispensed to our mission and charity partners.
RPC continues to support prayerfvlly and financially our specffic missionary partners in Krakow and Spain. Small
teams have gone out to work alongside our Spanish and Polish partners.
Presbytery
The monthly Presbytery meetings are attended by the minister and one representative elder. This provides an
important link be￿een the congregations and the wider structures of the church.
GeneralAssembly
The General Assembly meeting took place in June 2023 with a session held on the Saturday to facilitate those
unable to attend due to work commitments.
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.

RICHHILL PRESBYTERIAN CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
PUBLIC BENEFIT STA TEMENT
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 advanC￿ent 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 tum, this framework leads to practical expressions of Christian beliefs and standards in the local
Community such as through the care of Ihose 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. Lo¢al delivery is facilitated by Central reswrces in almost all
¢ases. 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
seNices 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
Presbwerian 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 Republi¢ 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 Commission's public benefit requirement statutory guidance.
Flnancial revlew
The results are set out in detsil on pages 11 to 22. The charity returned net incoming resources for the year of
£66,323 (2022 - £22,011) leaving unrestricted funds of £1,740,271 12022 - £1,838,094) and restricted funds of
£472,462 (2022 - £308,316).
The congregalion's main source of income is members, contributions through the Weekly Freewill Offering. There
were 282 contrÉbutors during the year donating a total of £277,612 {2022 - £252,283}. An increase of 10.03°/. from
the previous year.
The total net assets of the Congregation at the end of Ihe year was £2,212,733 restricted and unrestricted. Increase
of 3.09°/. from the previous year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in
place to mitigate exposure to the major risks.
Reserves 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 at leasl 12 months normal expenditure. At
the year end the unrestricted reserves were £1.740,271 with cash balances of £786,782.
The trustees consider it prudent to hold cash reserves of at least £300,000 as the funding of its present activities is
dependent on the ongoing financial support of members.

RICHHILL PRESBYTERIAN CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, governance and management
The church is governed by the congregation's goveming document; The Gode, the book of Ihe constitution and
government of the Presbyterian Church in Ireland
The trustees who served during the year and up to the date of signature of the financial ststements were:
Mr M McHugh
Mr T Graham
RevA McNeely
Mr L Brownlee
Mr T Ellison
Mr Glen Evans
Mr E Hanna
Mr D Milligan
Mr D Parr
Mr M Vallelly
Mr W Di)Tin
Mr S Cardwell
Mr S Thompson
Mr R Cregan
MrA Graham
Mr D Black
Mr S Strain
Mr S Todd
(Resigned 30 January 2023)
(Resigned 18 June 2023)
The Kirk Session
The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's goveming
document, The Code, the book of the constitution and govemment 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 ¢ongregation and
seeks to further the Contribution of the Church to Christian witness and Servi￿ 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 Gongregation. 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 mink%ter in active
duty in the congregation, has no deliberative but only a casting vote.
Stated meetings of the Kirk session are held at monthlyl six weekly intervals.
To be chosen for the Offi￿ 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 Gan be either by the
congregation or by the Kirk Session.
Presbytery
Under the Presbyterian Church in Ireland form of govemance 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. Richhill Presbyterian Church has
been assigned to the Armagh Presbytery of the Presbyterian Church in Ireland. The membership of the
Presbytery consists mainly of the active ministers of Gongregations assigned to il by the General Assembly,
minsters who have retired from active duty and an elder appointed by the Kirk Session of each congregation.
Organisational structure
The day to day running of the charity is overseen by the trustees.

RICHHILL PRESBYTERIAN CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
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 mèmbership of the Gèneral Assembly consists mainly of the active ministers
of eaGh congregation, retired minsters and a representative elder appointed by the Kirk Session of each
congregation.
other matters
At a congregational meeting on 29111123 RPC agreed to appoint the Presbyterian Church in Ireland Holding
Trustees Company as the new trustees for RPC, replacing the Armagh Presbytery Education Board.
Statement of trustees, responslbilitles
The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting
Practice}.
The law applicable to charities in Northem Ireland requires the trustees to prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources of the charity for that year.
In preparing these financial ststements, the trustees are required to-.
select suitable accounting policies and then apply them consistently.,
obseNe the methods and principles in the Charities SORP 2019 (FRS 102).
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with the
Charities Act (Northem Ireland) 2008, the Charity (Accounts and Reports) Regulations (Northèrn Ireland) 2015 and
the provisions of the Irust deed. They are also responsible for safeguarding the assets of th8 charty and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
Dlsclosure of informatlon to audltor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the
audit, but of which the auditor is unaware. They have further confirrned that they have taken appropriate steps to
identify such relevant information and to establish that the auditor is aware of such information.
The trustees, report was approved by the Board of Trustees.
L_ Yll Ll4.5 It
Mr M McHugh
Trustee
Rev A McNeely
Trustee
Date:

RICHHILL PRESBYTERIAN CHURCH
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF RICHHILL PRESBYTERIAN CHURCH
Opinion
We have audited the financial statements of Richhill Presbyterian Church (the 'charity') for the year ended 31
December 2023 which comprise the statement of financial activities, the statement of financial position, the
statement of cash flows and notes to the financial statements, including significant accounting poltcies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and
Republic of Ireland (United Kingdom Generally A¢¢epted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 December 2023 and of its incoming
resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practio-
and
have been prepared in a¢¢ordance with the requirements of the Charities Act {Northem Ireland) 2008 and
regulation 8 of the Charities {A¢counts and Reports) Regulations (Northern Ireland) 2015.
Basis for opinion
We conducted our audit in accordance with Intemational Stsndards on Auditing (UK) {ISAs (UK)) and applicable
law. Our responsibiltties under those standards are further described in the Auditors responsibilities for the audit ol
the financial statements se¢tion of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethi¢al
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfonned, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to Continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern a￿ described in the
relevant sections of this report.

RICHHILL PRESBYTERIAN CHURCH
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF RICHHILL PRESBYfERIAN CHURCH
other inforn)atlon
The other information comprises the information included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other information Gontained within the annual
report. Our opinion on the financial stst8ments does not cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider
whether the other infonnation is materially inconsistent with the financial statements or our knowledge oblained in
the course of the audit, or otheNise appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required to detemine whether this gives rise to a material misslatemerlt
in the financial statements themselves. If, based on the work we have perfomied, we conclude that there is a
material misstatement of this other infomiation, we are required to report that facl.
We have nolhing to report in this regard.
Matters on which we are requlred to report by excoption
We have nothing to report in respect of the following matters in relalion to which the Charities (Accounts and
Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion..
the informalion given in the financial statements is inconsistent in any material respect with the Irustees.
report., or
sufficient accounting records have not been kept- or
the financial statements are not in agreement with the accounting records. or
we have not received all the information and explanations we require for our audit.
Responsibilltles of trustees
As explained more fully in the ststement of trustees, responsibilities, the trustees are responsible for the preparation
of the financial statements and for being satisfied that Ihey give a true and fair view, and for such intemal control as
the trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error. In preparing the financial ststements, the trustees are responsible for
assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or
have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 6512> of the Charities Act {Northern Ireland) 2008 and report in
accordance with regulations made under seclion 66 of that Act.
Our objectives are to obtain reasonable assuran¢e about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misstalement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.

RICHHILL PRESBYTERIAN CHURCH
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF RICHHILL PRESBYTERIAN CHURCH
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Extent to which the audit was considered capable of detecting irregularities, includlng fraud
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
and then design and perfonn audit procedures responsive to those risks, including obtsining audit evidence that is
sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing potential risks of material misstatement in respect of irregularitie4 including fraud and
non-compliances with laws and regulations, we considered the following-
The nature of the industry and sector, control environment and business performance, including the
charity s remuneration policies for management committee, bonus levels and performance targets, if any;
Results of our enquiries of management about their own identification and assessment of the risks of
irregularities.
Any matters we identified having obtained and reviewed the charity's documentstion of their policies and
procedures relating to:
Identifying, evaluating and complying with laws and regulations and whether they were aware of
any instance of non-￿mpliance.
Detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud,. and
The internal controls established to mitigate risks of fraud or non-compliance with laws and
regulations-,
The matters discussed among the audit engagement team regarding how and where fraud might occur in
the financial statements and potential indicators of fraud.
As a result of these protsdures, we considered the opportuntties and incentives that may exist within the charity for
fraud and identified the greatest potential for fraud in income re¢ognition. In common with all audits under ISAS
(UK), we are also required to perfomi specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the charity operates in, focusing on
provisions of those laws and regulations that had a direct effect on the determination of material amounts and
disclosures in the financial statements. The key laws and regulations we considered in this context included the
Charities Act (Northem Ireland) 2008.
In addition, we considered provisions of other laws and regulations that do not have a direct effecl on the financial
statements but Complian￿ with which may be fundamental to the charity's ability to operate or to avoid a material
penalty.
10-

RICHHILL PRESBYTERIAN CHURCH
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF RICHHILL PRESBYTERIAN CHURCH
Audit response to rlsks Sdentlfled
Our procedures to respond to the risks identified included the following..
Reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the
financial statements-
Enquiring of management concerning actual and potential litigation and claims;
Performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud.,
Reading minutes of meetings of those charged with governance and reviewing correspondence with tax
authorities., and
In addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments. assessing whether the judgements made in making accounting
estimates are indicative of a potential bias- and evaluating the business rationale of any significant
transactions Ihat are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the
audit.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed our audit
in accordance with auditin9 Standards. In addition, as with any audit, there remains a higher risk of non-detection of
irregularities, as they may involve collusion, forgery, intentional omissions, misrepresentations. or the override of
intemal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-
compliance with all laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https:11
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report.
11

RICHHILL PRESBYTERIAN CHURCH
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF RICHHILL PRESBYTERIAN CHURCH
Use of our report
This report is made solely to the charity's trustees. as a body. in accordance with Part 4 of the Charities (Accounts
and Reports) Regulations {Northern Ireland} 2015. Our audit work has been undertaken so that we might state to
the charity's trustees those matters we are required to state to them in an auditorfs report and for no other purpose.
To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charity
and the charity's trustees as a body for our audit work. for this report, or for the opinions we have fomied.
Mr Stephen Houston FCA {Senior Statutory Auditor)
for and on behalf of GMCG PORTADOWN
Chartered Accountants
Statutory Auditor
17 Mandeville Street
Portadown
Craigavon
Co Armagh
BT62 3PB
12-

RICHHILL PRESBYTERIAN CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrèstricted Restrlcted
funds
funds
2023
2023
Total Unrèstricted Restricted
funds
funds
2022
2022
Total
2023
2022
Notes
Income and endowments from:
Donations and legacies
Investments
Other income
398.728
999
7,067
136,025
1,695
2,819
534,753
2,694
9,886
317,506
1,696
4,708
220,021
537,527
1,696
10,526
5,818
Total income
406,794
140.539
547,333
323,910
225,839
549,749
Expenditure on:
Charitable activities
374,721
106.289
481,010
342.964
184,774
527,738
Total expenditure
374,721
106,289
481,010
342,964
184,774
527,738
Net income
32,073
34,250
66,323
{19,0541
41,065
22,011
Transfers between
funds
12
(129,8961
129,896
Net movement in
funds
197.823)
164,146
66,323
(19.054}
41,065
22,011
Recon¢illation of funds:
Fund balances at 1 January
2023
1,838,094
308,316 2,146,410
1,857,148
267,251 2,124.399
Fund balances at 31
December 2023
1,740,271
472,462 2,212,733
1,838,094
308,316 2,146,410
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditur8
derive from continuing activities.
13-

RICHHILL PRESBYTERIAN CHURCH
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible assets
Investments
13
14
1,345,815
1,418
1,382,736
1,418
1,347,233
1.384,154
Current assets
Debtors
Cash al bank and in hand
16
83,458
786,782
76,452
690,424
870,240
766,876
Creditors: amounts falling due within
one year
17
(4,740)
(4,620)
Net current assets
865,500
762,256
Total assets less current liabilities
2,212,733
2.146,410
Net assets excluding pension liability
2,212,733
2,146,410
The funds of the charity
Restricted income funds
Unrestricted funds
19
472,462
1,740.271
308,316
1,838,094
2,212,733
2,146.410
The financial statements were approved by the trustees on ..
and signed on their behalf by:
Mr M McHugh
Trustee
RevA McNeely
Trustee
14-

RICHHILL PRESBYTERIAN CHURCH
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from operating activities
Cash generaled from operations
22
96,152
61,222
Investlng activltles
Purchase of tangible fixèd assets
Investment income received
(2,488)
2,694
113.6381
1,696
Net cash generated froml(u$ed in)
investing activities
206
111,942)
Net cash used in financlng activitles
Net Increase In cash and cash equlvalents
96,358
49,280
Cash and cash equivalents at beginning of year
690,424
641.144
Cash and cash equlvalents at end of year
786,782
690,424
15-

RICHHILL PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
Charity information
Richhill Presbyterian Church is a charity, registered with the Charity Commission in Northem Ireland. Its
principal address is 6 CorGreevy Road, Richhill, Co Armagh, BT61 9JR.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act
2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102°)
and the Charities SORP "Accounting and Reporting by Charities: 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 (FRS 102)" (effective 1 January 2019). The charity is a Publi
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial ststements have been prepared under the historical cost ¢onvention. The principal accounting
policies adopted are set out below.
12 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the tnEtees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subjeGt to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1A Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are re¢ognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is re¢ognised at the time of the donation.
Income is deferred when it does not meet the Criteria for recognition as incoming resources in the Statement
of Financial Activtties. as entitlement does not exist at the balan¢e sheet date.
1.5 Expenditure
Expenditure is recognised on an accrual basis as a liability is in¢urred.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its a¢ttvities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature to support them.
Support costs are those functions that assist work of the charity bLrt do not directly undertake charttable
activities. Support and other costs have been allocated to Charitable activities based on actual usage by that
activity.
16-

RICHHILL PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies {Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at Cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less U)eir residual values over their
usefL¢I lives on the following bases..
Land and manse
Church bLsildings
Fixtures, fittings and equipment
ooi.
2°/0 Straight line
20 % reducing balance
No depreciation is charged on the land and manse as it is considered immaterial given the current value of
land and property.
1.7 Flxed asset Investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabililies are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the re¢ognised amounts and there is an intention to settle on a net
basis or lo realise the assel and settle the liability simultaneously.
Basic flnancial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including iransaction costs and are subsequently carried at amortised cost using Ihe effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabllltles
Basic financial liabilities, including creditors and bank loans are irsitially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligalions to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are ¢lassified as current liabilities if payment is due within one
year or ,'ess. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
17-

RICHHILL PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies (Continued)
Derecognition of financial liabilities
Financial liabilities are derecognised when the charivs contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
1.11 Ret[￿rnent benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical a¢counting 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
sources. The estimates and associated assumptions are based on historical experients and other fadors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects ¢J)ly that
period, or in the period of the revision and fLJture periods where the revision affects both current and future
periods.
Key sources of estimation uncertainty
Fixed Assets
The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset
and estimates of residual values. The d1￿CtorS regularly review these assets lives and change them as
necessary to reflect current thinking on remaining lives in light of prospective economic utilisaticn and physical
condition of the assets concemed. Changes in assets lives can have a significant impact on depreciation
charges for the period. Detail of the useful lives is included in the accounting policies.
Restricted and Unrestricted Funds
Judgements are made in relation to allocation of income and expenditure to restricted and unrestricted funds.
The trustees consider it appropriate to allocate these funds based on donations received.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Donations and gifts
Regular direct giving
121,115
277,613
63,607
72,418
184,722
350.031
57,874
259,632
123,763
96,258
181,637
355,890
398,728
136,025
534,753
317,506
220,021
537,527
18-

RICHHILL PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from Investments
Unrestricted Restrlcted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Intèrest receivable
999
1,695
2,694
1,696
1,696
Other income
Unrestrlcted Restricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Other incoming resources
Small grants
4,067
3,000
2.819
6,886
3,000
1,308
3,400
5,818
7.126
3,400
7,067
2,819
9.886
4,708
5,818
10,526
Expendlture on charltable actlvlt18S
Total
2023
Total
2022
Direct costs
staff costs
Depreciation and impairment
Central Ministry Fund
Presbyterian Orphan Sociely
Grants to missions and charities
Renl and rates
230,602
39,409
20,048
1,604
98.180
300
203,264
40,513
20,254
2,109
123,584
300
390,143
390,024
Sharo of support and governance costs (see note 7}
Support
Governance
86,037
4,830
132,728
4,986
481,010
527,738
Analysis by fund
Unrestricted funds
Restricted funds
374,721
106,289
342,964
184,774
481,010
527,738
19-

RICHHILL PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Support costs allocated to activities
Total
2023
Total
2022
Bank charges
Worship and fellowship
Office costs
Propety and equipment
Utilities
Sundries
Insurance
Govemance
590
24,624
26,955
57,422
2,659
14,978
5,500
4,986
21.718
21,936
14,901
2.735
17,927
5.973
4.830
90,867
137,714
Net movement in funds
2023
2022
The net movement in fvnds is stated after chargingl(crediting)-
Fees payable for the audit of the charivs financial ststements
Depre¢iation of owned tangible fixed assets
4,830
39,409
4,680
40,513
Trustees
During the year the charity's minister, Reverend A M¢Neely, who is also a trustee, received a stirend with
accompanying pension and support payments totalling £67,802 (2022 - £64,096}
None of the other trustees received any remuneration or expenses in the year.
10 Employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
Employment costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
201,955
13,491
15.156
177,753
10,976
14,535
230,602
203,264
-20-

RICHHILL PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Employees Icontinued)
The number of employees whose annual remuneration was more than £60,000
is as follows..
2023
Number
2022
Number
Minister
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
2023
2022
Aggregate compensation
85,906
81,682
11 Taxation
The Ghariiy is exempt from taxation on its activities because all its income is applied for charitsble purposes.
12 Transfers
Transfers between unrestricted and restricted funds relales to income in year of £66,250 relating unrestricted
donations now reclassified for building fund use.
The trustees took the decision lo reclassify Bequesl Funds as restricted funds in accordance with the
bequests received by the charily and the stipulations attached to the bequesls.
13 Tanglble fixed assets
Land and
manse
Church
buildings
Fixtures.
fittings and
oqulpment
Total
Cost
At 1 January 2023
Additions
423,017 1,460,783
366.372 2,250,172
2,488
2,488
At 31 December 2023
423,017 1,460,783
368.860 2,252,660
Depreciation and impaim)ent
At 1 January 2023
Depreciation charged in the year
550,809
29,216
316,627
10,193
867,436
39,409
At 31 December 2023
580,025
326,820
906,845
Carrying amount
At 31 December 2023
423,017
880,758
42,040
1,345,815
At 31 December 2022
423,017
909,974
49,745 1,382,736
21

RICHHILL PRESBYfERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
14 Fixed asset investments
Unlisted
investments
Cost or valuation
At 1 January 2023 & 31 December 2023
1,418
Carrying amount
At 31 December 2023
1,418
At 31 December 2022
1,418
15 Financial instruments
2023
2022
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
1.418
1,418
16 Debtors
2023
2022
Amounts falling due within one year:
Other debtors
83.458
76.452
17 Creditors: amounts falling due within one year
2023
2022
Accruals and deferred income
4,740
4,620
18 Retirement benefit schemes
2023
2022
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
15,156
14,535
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
-22-

RICHHILL PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
19 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on Irust
subject to specific conditions by donors as to how they may be used.
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
Missions Fund
Building Fund
Bequests
Bursary Fund
Childrens. Fund
14,121
260,454
101,835
37,135
(87,897}
{12,468)
28,059
351,371
63,646
29,206
180
66,250
63,646
33.526
215
(4,320)
{1,6041
1,569
308,316
140,539
(106,289)
129,896
472,462
20 Analysis of net assets between funds
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 December 2023:
Tangible assets
Investments
Current assetsl(liabilities)
1,345,815
1.418
393,038
1,345,815
1.418
865,500
472,462
1.740,271
472.462
2,212,733
Unrestricted
funds
2022
Restricted
funds
2022
Total
2022
Al 31 December 2022:
Tangible assets
Investments
Current asselsl(liabilitie5}
1,382,736
1,418
453.940
1,382,736
1,418
762,256
308,316
1,838,094
308.316
2,146,410
21 Related party transactions
There were no disclosable related party transactions during the year (2022- none).
-23-

RICHHILL PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Cash generated from operations
2023
2022
Surplus for the year
66,323
22,011
Adjustments for.
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
(2,694)
39.409
(1,6961
40,513
Movements in working Gapital:
(Increase) in debtors
Increase in creditors
(7,006)
120
(2,666}
3,060
Cash generated from operations
96,152
61,222
23 Analysis of changes in net funds
The charity had no material debt during the year.
-24-