Regi5tsred Chaiity In Northern Ireland I NIC104932) KILLEAD PRESBYfERIAN CHURCH CONGREGATION OF THE PRE3BYTERIAN GHURGH IN IRELAND TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
KILLEAD PRESBYTERIAN CHURCH CONTENTS Page RelerenGe and Admlnlstrotlve detalls TTuslee8' reporl Independenl Examhiee5 Report to the Trustees Slatemenl ol Fln8nclal AcVIty SEaiemant ofAss&ts and Uabllltles Note5 to the financtal stalements 10-14
KILLEAD PRESBYTERIAN CHURCH REFERENCE AND ADMINISTRATIVE DETAILS Regist•r•d charity number NIC104932 Trnstees Mr Thomas Le1$ Mr James Mcclurg Mrn Raelèmory Wloon Mr Wlbert Hyde Mr Lyle Mackey Mi mer Rea Mr Phllllp Patterson Mr Wlllarn Hyde Mrs Vanessa Lorlrner Mr Denis Mlnlord Mr Sam Hyde Mr David Mcclenaghan Mr David MO7B0n Prfnclpal Office bearers Mini8t•r ¢lork ol Sv•sion Treasurer Congregatlonal &Gr¢lary Re¥ David Morrison Mr Thomas Lewif* Mr David MarWn MrJ Elizab¢lh Hyde Church address 52 lfjttead Rtsad Aldwgrove Crurnlln County Antrirn BT29 4EN Independent examiner Johnston Kennedy DFK Chartered Afxounlants Ground Floor lock A, The Siding5 Antrim Road Llsburn BT28 3KI Bankor Ulster Bank Lirnited 27 Maln Streel Crumlln BT29 4UR Solicito O'Rorke, McDonald & Twééd 37-39 Church Street Antsim 8T414BD
KILLEAD PRESBYfERIAN CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Twu51ees PlESenl Iheir annual report Bnd finanGi41 ?lot¢ments lor the year ended 31 Do¢embor 2022 Includino e balance sheet at thal dale. Déscrfpllon ind Purpose The cheritable Purpose ol the congregation Is the advancement of rellglon. Kllle8d Presbwerlan Church is a congregalion of the Presbyterian Church In Ireland. The Presberian Ghurch In Ireland, as 8 Refomied Church within the Viider body of Chrisl 1$ grounded In the Scrlptures, and ex16ts to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members lo play thelr part In fijlfilllng God's mlsslon Io Ouf r1d. The congregattony. mlsslon purpos¢5 are.. 'Klllead Presbyterfan Church seeks to be a vnrm. loving fellovrnhip of people, wgrshlpplng God In a Chrlsl.¢entred wjy and 8eThlng hlm In our dally lives." The congregalon alms to Ilve out Its Ml$slon and lfjslon as a famlly ofGod's people by belng - A Covenanl Community. vkn8re our relationships are rooted in the promise¥ of God by living 18ithfiJlly toward hlm and toward one another An Inlergeiierational Community. where adults Intentr'onally take th• lead to engage vllh. encourage and nurtyjrè younger member5 to malurity in Chrisl. - kn Outward lookbng Communlty: vthere we want the blesjlngg of God thal belong lo u¥ in the gospel lo become ble68ing6 for otheTr beyond Ihe bounds ol OUT ¢ommunlty - A8 a ¢ongregalion of the Presbyteilan Church In Ireland. we belleve that the 8ible15 the supreme authorfty over ao V do. and Ihal the Vk81mln8tei Confvsslon of Fftllh, along Y•Tth the Larger and Shorter CateGhlsms set out vthat we undernland the Bible lèaches on key mattern of Ghrfsllan fallh and PTa¢llce. Actlvitiw and Obl•ctOv•s The congregauon meels for wor5tt1p every Sunday and visi1015 are welGorne lo join. The Sacramenl of the Loid Supper is observed on several ocGa5ions during the year and 811 those vl)o have been baptised and who hav¢ made a ptoles8lon of falth In the Loid Je5u8 Chr16t ale admltied to the Lord's 8upper. The Gongregadon holds regular bible study meetings and has a wide lange of organisation5 Includlng nday School and Blbl• Class - Youth Club - Boy6. Brlgade Company - Gld5' Brfgade Company - Adults, organisallons Achievements and Porfomwn¢e Worshlp and prayer The congregation generally holds a public service of )rShIp every Sunday moming al 12.00 noon except during the Sufflmer months ol July and August when a jolnt service is held Loan8nds PreÉbyterlan Church. Yth thom Ihe conoregation shares a Minister Additional evening serv.'ces are held at specific limes in the year incluth'ng Harvest. Chrlstmas and Easler. We hold Communion Sen4ices approximately lour time8 a year Durlng the perlod January (u Augusl. we were wthoul a fulltlme Mlnisler and Sunday Serylce5, b•thlch had rettimed to normal followbng the dIsrUpOn of 2021, were iaken by vlslting preachers. FolloYAn9 the appolntfflent ol our new Mlnlster In June and è short settiin*in period, from Septernbei on, Uie Sunddy Seivlce5 reluTneiJ lo normal. Vve have ¢ontsnued lo Ir¥estream Ihe5e weekly servlces allowlng US lo approxlmately double the number ol people able to 1n in. We aim lo hold three special "Messy Church. services on Sunday aftÈrnoons thfino the year. altrBctino variety ol people ol all ages, including Some who are not member5 olthe congrégation.
KILLEAD PRESBYfERIAN CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 A8 Y11 a8 our regular services during the ye8r we eonducted one marrlage service We held a special servlce to hèFp f#milie$ who hod been advernely alleeted by thè Covid pondomio ond oought to oamfort thoao had been bereaved during the year. Al 31 December 2022 there wcic 157 commun1nI melber0 and 164 I3lIeS ¢onneded the CongregaOn. The average eklY attendance it momlng wornhSp l& 90 V4c•ney As prevlously menloned, the Vacancy sltuatlon contlnued unlil June of 2022 Yknen ¥ wete VEry pleased to appolnl Rev. Davld MorTlson as our new Mlnlster. He. together vAth Ihe Klrk Sts5ion monllor 74nd manage the affairs of Ihe d)urch Pastoral care Member8 01 Ihe ¢ongreg81ion vtho are unable to attend diurth due to 8i¢knou or age aré vi8lt6d on a regular asls by the inlnlster, elders vi by on¢ of IliE Gongregation'o paèloral ¥l•itorn. Qry•nlsallon5 The lollowng OTganlsatSons form an essenllal part ol the Ilfe and tnesS of our church. Choir & Wornhip Group- The Church has An enthusio$li¢ worGhip group and an aetiv8 ehoif thich Iqad 98NIcos of YKJf5hlp wlth Modern and tradilional poolm¥. hyinn¥ gnd soiigs Sunday School a Bible Clas6 - Killead Presbylerian Church ha8 a number ol d•dlcated tea¢hers vtho provlde Instruction lo children and young people In the Sunday School and Blble Cljss each Sunday, apart trom during the summer month5, These aroups meet belore and durfng publiG Yffjr3hip. Chlldren'6 Church - Th1615 almed al younger children (up to 9), tho leave after the initial parl of Ihe Sund8y mornino Bervicey and tbke part in educ8lJono1 ac11e¥ appropriale lo their u9e. This •llov•7 parents to cuncentr818 on the 88r¥lco gnd e$pe¢ially the germon. PreSbYtean Women - There Is en active PW withln tt)e congregation vthlch meets on a monthly basis and organlBes evenlB almed prlmafjly at women thIn Ihe congregatlDn and Ihe wder Gommunlty. Glrl¢' 8rigad• Company m••tc •aeh Tu•sd)y Ovoning in tho ¢hureh holl. Appromimololy 50 giTIB Qgod 4- 18 from acro81 a wde gection of the community are Involved. BoyG' Brigadg Company- meo16 each Wedno6doy èv¢nlno In tho church holl. Apprc*ximately 40 boyo ogod 4-18 Irom arross a w5de $ecllon of the comrnunlty are involved. A new or9ani2ation wa5 lormed in 2022 and takes tsts neme. The Killead Vintage Enthu51ast5, from the interests and activiti'es of its member5 and supporfe15. They organiie talks and outsngs and are responsible lor the Vintage aftd Classtc Vèhlde Run ano Beet Si2zIe.
KILLEAD PRESBYTERIAN CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Mission and outr•ach We believe that GOD CALLS US TO MISSION Js tnesses to Cliil81 Ihiough both evangellsm and SDcial wblnesy, challenging the values of the world In whlGh we Ilve vlth the values ol God'6 klngdom, and vlnnlng men and women lo faith and dlsclpleshlp, In Mathew 28 V19 Jesus ealts all bellevers to- "Therefore go and m8ke dlsdple8 ol all n8tlons.... The congreuatson Supports the Uniled Appeal for Mi88ion Ythich is a central nd of the Pre8byterfan Church In Ireland. Thls fund enables cono¢egaUon¥ lo supporl tlie wider nmssion of the denomination and to do mission Bnd outrèach on a denomlnattonal basts beyond ttie congregation Gould do on it3 0¥. The United A4)peal Fund provides fin8nd81 support for mlsston personnel at home and ovefsees, asslsts congregalions with Ihe deployment ol loG•lly buged ¥toff, cnobl¢g ¢hur¢h plantlng, provldes grant Support lor the upkeep ol church premlses, aJ•l3t Ylth th¢ runnlng cojts of Union TheologlGal College, Ihe Church's tralnlng Mllege lor mlnlslry Students, and financially supports congregatlon in the area8 ol worship. dl8clpl¢$hlp, global mlsslon, outreach, leader8hlp and pastoral Gare. The congregaJon a150 contnbute5 to the denomlnallon'a annuDI Wortd Development &Dpeal, Sunday School projecl and any otheT speci818ppea16 Presbytery The eongreaAttnn represpnlprt al thp. rp.ciilAr mpp.linos of Prpsbytery by our mlnlster andlor one of the Elders Thls provSdes an Important Ilnk betfften the congregattons and Ihe wlder struclures of Ihe church. G•n•ral Assambly The nlnlster and one ol our elders afe generally nomlnated to attend the rneen9 of the General Assembly of the Presbyterlan Churc* In Ireland held In Nssembty Bulldlngs, Belfast. The General Assembly was June 2022 Pn)perty The congreg8tson has exlenslvely rènovalffd a small larrn.house on Ihe Tully Road has bean l•ft to the church. The property Is now being renled out along wtth the as8ociatgd hTmland. Voluntee The Truslees ¥wsh to acknowledge Ihthir deep appr¥ciativn of IlioFe %+dio givc freely of thelr dme by Jervln9 <in ¢ommitlee5 and helping with or9anisalions ctheT churGh aclivilles PUBLIC BENEFIT STATEMENT Thp PieEhyt@rian Church in Irkland me•tE tho publie bgnofjt foquiromont by providing bonofil tcs ts memberts ttnd the general public by makino kno the Christian Gospel of the Lord Jesus Christ through the advancèment of roligion. The dirert benefits Ythich flow froffl Ihe purposes of the Churth Indude the gaining ol an understanding in Chrisknan belief8 as set oul In the 8ible and in the Churth's $ubordinale 518nd8rd$ lthe Wg8lmlnster Conle55ion of Faith and ihe Shorter qnd Lorger Cotcthlsms} Icadlng to Jplrltujl and mofal development and opportunities for response to Bible leAchino In lijrn this framework leads lo practical expressions ol Christian beliefs and Gtandards In the local community $u¢h as through the Gare of th08e in need Iincludng the slGk. dIsaed and ereaved).
KILLEAD PRESBYTERIAN CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 GerllY the above benefi15 ale delivered loG41ty by congregatione and their memberg, or are loclittotod through prèsbyteries or are orp8nised and delivered Eenlrally. Local delivery Is facilitated by ¢entral reGour¢es in almost all caues. Public Bcce59 is made knovm through the use of noticeboards. printed material. press adveiti9ement, webslies, and soclal medla or In other woys. The benefits are demonstraled through regular eveluallon of the seryl¢es and Inl¢rmal and ad-hoG feedbaGk from members, thelr familles. and members ol the publlc. The purp<btse doeB nol laad to harm. Th• orbly PTivat• b•n•ffit fiowng from our purpojè 59 TtslAted to MinlBters, S8ls18nt Minl8ter. Youlh & Family Worker and Caretaker vtho feGel¥e benefits as a resLtIt of their holdino office or employmonl. HovMver, th1$ 1$ Incldental and necessary in order lo further our charitable purpose There are no olher private benefits, The beneficlarles of thls purpose are members, thelr families, other indi¥ryduals that the Prtsbbylerlan Churth In Ireland IJ In dlrect end Indlrect contact vAth, the cornmunlty In thlch pasloral services Dre prowded ond other communlilej throughoul Northem Ireland, the Ropubll¢ DI Ir•l•nd, ond wQfldyde vA)ich benefft trom our engogemeni vlth and Support for both Chrl6llBn 8nd other BBGular organ15allDris, Gh4tltleJ nnd ndividual merrtserB ol the publlc, The Kirk Sesslon has had regard lo the GhaTIty Gomm1351ons publlc benelll requlremenl Jtatutory guldance. SINclurn And Managemonl The Kirk 8esslon Th• tharty trustèes of the congregallon ore the membern of IL8 K]rk Sesslon Under the conoTeu8tion's gov•ming document, The Cade, the book of the constituOn and govemrnent ol the Presberian Church In Irelond, the Kirk S888lon 8eekg to vMtch over and promote the Spirial interest of the eongrogation and of per4ono not eonn•eted ony eongregatlon ¥vho are N%lthln boundg It en9ureA PQ3toral eare is In place in the congrellation and 8eekY41o furU7er the contribution ol the Chuich to Christian Thilne8? and JeNice in the local community. The Ktrlt Segslons hes delegated lo It5 Congregadonal Cornrnittee the tempornl affBirs of the congro9aiion Ineludlng admlnlstertng 811 funds and property belonglng io lh• congregalon. M•mb•ts ol th• Krk SeÉtslon afe ex.offlclo member5 01 the Congregational Commlttee. The lfjrk Ses5ian consists ol the ordalned minister and the ruling elder5 of the congregation¥. All member5 are entided lo propose. speak end exercise equal votes at meetings, except that the Moderator who Is, the nNn151er In acove duty in the congreoadon. has no deliberate bul only a casbng vole Staled meeling¥ of Ihe Krk •e3Jion are held bl.monlhly Seplember-may th S meellngs annually To be chosen lor the offic¢ of Ihe eldershlp in Ihe con9regailon a person rnu5t be a voting memb¢T Jnd a regular attendanl on ils ordinances. The selection of Ihose proposed lo be called lo the office can be either by the ongiegation ar by the Kirk Session. MembEr¥ ale electcd il Ihey obtain iwo.thlrds ol those Ytho vole. Presbylery Under the Presbyterl8n Church In Ireland lorm ol govemanGe the corporale Ove9h1 of a rpngregatson Is Ihe re5ponslbllity of a Presbylery W)IGh superintends generally the s*ritual and lemporal affair5 01 the congregatsons assigned lo il by Ihe Genefal Assembly of the Pfèsbyterlan Church In Ireland Killead congregatron of the Piesbylerian Church has been asslgned to the TempiepalMGk Presbytery ol the Presbyterian Chur¢h in Ireland. The membership of the Pre$bery consists mainly of the active Ministe of ¢ongregation¥ assigned to it by the General Assembly, minsle(s vthD have retired frcm o¢ttve duty and an elder appolnted by the Kirk Sc5sion of eath Gongfegation.
KILLEAD PRESBYTERIAN CHURGH TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 The General Assembly The General Assombly id th• supr•m• eourt of th• Chureh, repr2Bentlno In one body the 4•tholé Chureh and adlng a5 Its supreme legislative. administralion ond judi¢ial authority, in dealing with all matters brought before It. The General A*sembly is nurmally coll3lilul¢d during the firnt week in June for worjhip and to Conduct it• buwn255 At Ihe ond of buslneBB 1118 dlsBolved The membershlp of Ihe General P4sembly consi515 mainly of the active mlnlslers of each ¢on6Yegailon. relred mlnslern and a repre¥enl•tiv¢ elder appolnted by the lfjrk SeMion ol each congTegatOon. Flnanclal Revlew The congregation's maln 8ouree of unrestricted Income 18 rnernber8' contrlbutions through the Weékly FroevAI Offering. There were 140 contributors during Ihe year (2021.. 131 contrlbutOTS) donAttng a total 01 £51,431 12021: £48,509) Totsl InGome olthe ¢ongregallon durlng the Year15 £129,004, cornp8red to £107,782 in the previous year. Charilable oxp8ndilure increased from £74,00710 £85,932 In 2022. R•sponslbllltles kn resp1 ol flnanclal slal•ments The Tiusteea are resp0Tr51ble lor preparlng Ihe Annual Report and the flnanclal stJtement8 In 8¢¢ordaneo knith appltcable law and Unlled Kinlldom Generalty Accepted AcGountinll Pracllce. lh• congregation'B tolBI Income doe6 nol exceed £250,000. the Trustees have eleeled under Soction 6413) 01 the Charities Act (Northem Ireland) 2018 ta prepar• o receipts and payment account and a statement of auets and liabilitses. The Trusteeg ale responslble lor keeplng adequate accounung records that are sufficlent lo Show and explaln the charfty trans4Gkn'onB ond di5dosc reasonablc a¢¢uraGy at any ttmc tre financlal poaibon of the church. They are also responslble for saleguardlng the assets of Ihe ¢hurth and henGe for tgking reasonable slepg for Ihe preventton and deleclion ot fraud and other Irregulantses. RO•••# poliGy The Tru51ees have ¢on51dered Ihe level ol unreslrlcted reserves that rt Is appropnate lo hold taktng accounl of urrent and onGolno Gommllmenls 1118 the pollcy tsf Ihe Tnjslees lo hold al loast 6 rnonth's normal expendltur•. Al Ihe year end unrestricted reserves were £493,340 which represents a highef level ol r5ee5. The Tru51ees however, conslder It prudenl lo hold reserves al Ihls level aG Ihe lunding of its present aclwities Is dependent Df Ihe Dngolng financlal gUPPOrt ol members and lo reserve lunds for capilal projects In the tYle. Risk revwi A review of major risk5 ha5 been undenaken by tlie Truslees diid &y51eins and procedures Implemented to manage identified risks. The prindpal risks are in relaiior) lo the likÈlihood ol reputational damage and financial riskg assoclated the expectation of ongoing financial support from mornber8. These ri¥kJ are mitigated by the Trusiees. and the congregab.onal Committee. regulady monlioring the various aLlivitles of the congregation at stated meeting5 and by enGouraging members in Iheir regular &Mving. Poproved by Ihe Kirk Session at a meeting on ¢ 9...- o ¥.-.V and signed on its behalfby Thomas Lewis Jarnes Mcclure
KILLEAD PRESBYTERIAN CHURCH INDEPENDENT EXAMINERS, REPORTTO ThE TRUSTEES ON THE PREPARATION OF THE UNAUDITED FINANCIAL STATEMENTS OF KILLEAD PRESBYfERIAN CHURCH FOR THE YEAR ENDED 31 DECEMBER 2022 I repori on th• accounts of tho charity (Of the year ended 31 De¢emb¢r 2022 gcl out on pjgeg 8 to 14. Resp•¢tfv• responslbllltS•s of Trustoes and ExAmlner Pd the charity's TruGioe8 you are responsiblg for Ihe pr¢paratlon ol Ihe accounts In accordance wtth thé Ch8ri1iei Act (Northem Ireland) 2008. 11 Is my responslblllty to.. èxarffi Ihe accouThts undw sectlon 65 of Ihe ChaTi1Ses Acr, follow the procedure8 lald dovm In the general Directlons glvon by the Charfty CommB$ion for Northem Ir•l8nd underBectSon 6519)(b) ofthe Charitses and •tate htheth•r particulir matt•rn have come to rry attention. Basls ol Independent •xamln•r's rvport I have exam5ned your charlty accounts a5 requlred under se¢Don 65 01 the Charlle8 Act and my examlnallon vrds carried oul in accordance with the general Dlrectlons glven by the Charlty CommlssiDn for Northem Ireland undef sects'on 65(9i(b) of the Charllies My ¢x8mlnation indud•d a reviaw ol thè accountng records kept by the charity and a comparison ol the aocouniB preeentod vath those records. It iko included ¢onsidefation of any unusual Ilems or (kclosures In the accounts. 8nd seeking explanationo from you 86 chartty tru8l•es concerning any such m8tterB My role 18 to 8lpl• vthether Bny materi81 matters have come to our attenb'on me cause to belléva.. l. Thal accounling record8 were nol kept in accordance Vlith 8ection 63 of the Charilie6 Act 2. Thal the aceounts do not accord those accounilng re¢ord$ 3. Thal tha accounts do not corlY with the accountsng requlrements of the Chartlles Act 4. Thal there Is turther Informab'on needed for a pcoper undef5tan<h'ng ol the accounts to be reached. Ind•p•nd•nt •xamln•r's stat•m•nt I have completed ry examinabon and have no ¢oncerns in respect of the matters (11 to {4) listed obove and, in connection folloyiing Ihe LITèctionB of Ihe Chanty Commission for Northèm Ireland, I have found no mgtterB that require drnv+ing to your attention. FCA Johnston K•nnedy DFK Chartered AGcountsnts Ground Floor 81ockA, The Sidings Antrim Road Llsbum BT28 3AJ i•
KILLEAD PRESBYTERIAN CHURCH (CHARITABLE COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31 DECEMBER 2022 Unr•slricted RestTiCt•d Endowment funds funds funds Total 2022 Tolal 2021 Not•5 RKei Donallons and leaarJe5 Charilable aclivies Inveglmen15 81.254 10,088 16,924 22,784 15,T46 2,208 84,038 25,834 19.132 76,587 11.876 19,319 Total rvcelpts 88,266 40,738 129,004 107,7a2 Charitablt acti%ryts'e• {55,414) 130.518) (8s,932) {74,007) PropeTty renOvaon3 (42,639) (42,6391 (1,732) Total paymènts {55.414) 173,157) {128,571) 175,739) Not rncelptg Ipaym•ntsl 32,852 (32,419) 433 32,043 l)ther mogn5sod galns and losses Net gJlnlllo55) on Investrnents Tran8fern bemieen fvnd8 (18,920) (8.660) (3,448) (22,3681 18.228 ,680 Net movement In funds 5,272 {23.759) (3,448) {21.935) 50.271 Recondjiatton ol fijnds.. Funds brought forward Flxed asset addllong 488,083 3,238,841 42.639 76,112 3,803,036 3,801,304 42,639 1,732 Fund• carrled foTh%eid 493,355 3.257,721 72,664 3,823.740 3,803,036
KILLEAD PRESBYTERIAN CHURCH STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022 Unrntatrfcted Restrlcted Éndowment Funds Fundy Fund• TotAI Fund 2022 Total Fund 2021 Nol•g Flx•d Assets - Church Premlses, fixluies & equlpmenl - Mlnlbus - ManÉa 12,952 2,850,554 12,500 357.727 2,6e3,506 12,500 357,727 2,863,5QS 12,500 315,088 Invewn•nts 388,480 21.752 72.664 462.896 485.266 381.432 3,242.533 72,664 3,696,fj29 3.676,360 Bank & Cash Balances Bank DepoBII Accounts Bank Currenl Accounts Organisational Funds 27,471 84,452 27,471 85,185 14.455 27,471 86,311 12.894 733 14.455 111.923 15,188 127,111 126,676 Totsl assats 493,355 3,257,721 72,664 3,823,740 3103,036 Funds reconGilialion ol bank & Gash balances Bank and cash at slart of the year Net movemonts in ndS 87.729 24.194 38.947 (23,759) 126,676 435 174.633 (47,957) 8ank and cash at end ofthe year 111,923 15,IB8 127,111 126,676 Ppproved by Ihe Board and author15ed for 45stse on . Gl f - Thomas Lewls
KILLEAD PRESBYTERIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 AG¢ounlin9 poIici•s 1.1 Bails ol flnanclal >talenxnts As the totsl InGorne of the con9regalion is less thpn £250.000 the trustees h8v8 elected In BWQTdance vAth the provislons In The Charltles (AGcounts and Report5 Regulation5 (Northem Ireland) 2015) to prepare these eecounts on a recelpts and payments baslB. 1.2 Fund acounting Endowmeni tunds are lunds. Ihe capital ol mu81 be retained eilher permanenoy or al Ihè eongregabon'3 fllscretlon. Ihe income deflved from the endowment is lo be used &ither resirided or unrestrided income funds dependlng upon the purpose for wknlch the endowmEnt was establishèd in lh• first place. Restricted ndS comprlse (a) Income from endowments vthl¢h Is lo be expended only on the restricted purposes intended by the donor and (b) revenue doaan$ or oiants for a specific Gongregalional 4clivity Intended by the clonor. Wthere these funds have unspenl balances. InlereJt on thelr pooled investment 15 apportioned to the indNidual fvnds on an average balance basis Unre6tr1cted funds are Income funds vknich are lo be spent on the conoregation'8 general purp0806. De8ignated tsndb are general funds set aside by the congregation for specific use in the fijtuie. 1.3 Tangible fixed assets and d•pr•clatlon Tangible fixed assets ale 51ated al cost or valuation. 1 A Inv•stm•nts Investments afe valued at market value at the year end. Donatloni and logaci•$ Unr•stricted lunds Restricted Endowmont lund5 funds Total 2022 Total 2021 Recorded gl¥ing'. Donab'ons and gl Lgose colleGtions GIftAld 51,431 1,103 8,721 20,121 71.552 1,103 11,383 66,290 62 10,235 2,662 01 254 22.784 84.038 76,587 charitab activiti•$ Unrestricted funds Restncted Endowrnent lunds lunds Total 2Q22 Total 2021 lThconie from charilable activltles Donabons from ceremonies Charitable aciivi0eG Contnbulions Iof resourGe5 Organisats'onal fijnds Income Olher income 2.298 2.298 4,288 7,592 10.481 1.175 1.730 4,288 7,592 2.668 3.365 4.114 10,481 g77 198 10,088 25,834 11,877 10
KILLEAD PRESBYTERIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Inv•Gtrn•nt incom• UnTE¥ITicled fund3 Restrkled EndoWnnI funds funds Total 2022 Total 2021 Rents investrnènt propertie8 Olher Investment Incomo 12,169 4,755 12,169 8,963 12,403 8.916 2,208 1fj,924 2,208 19,132 19,319 Charftable aetlvftles Unrestrlcted Restrlcted Endowm•nt fund5 lunds fund5 Total 2022 Tolal 2021 GenerBI ABsembly ASSeIDentS Pre&bary lees Mlnlsty and Support Staff Qsts Congreoatlonal funnlng expénseg Donations to Mi8sion6 and tharilles Othw payments Organlsauonal funds payrnents Governance cosls 6,009 811 6,009 811 8,089 826 15,414 15,414 20,910 30,886 9.126 40.012 29.745 950 11.674 799 12.624 799 9.801 2,879 8,919 8,919 1.344 1,757 1,344 55,414 30,518 85,932 74,007 Flx•d A>>•ts The ccjn0reoa0n ovmÉ thè Chureh nrèmiÉ@R RitLi%IAd al 52 KIllBart R4Jad AldRrornvo BT?Q 4EN AnA Ihp as80ciat8d fixtures, fittlngs and equlpment These have been rellecled in Ihe accounts at a value of £3.220.791 whiph ig tho OAlimntp roplnettmenl efiqt No incronqTr in Ihtr in8iirAnee v•lu hn bèfvn refleded in the accounts for the year. 11
KILLEAD PRESBYfERIAN CHURGH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Invastrnents The congregation has the follo7ng Wbvestrnents Amounts are shovm at market valuatlon. 2022 2021 PCI - General Inveslmenl Fund Nl CèntrAI Invèstrnent Fund for Charltie5 Agricultural property Invesl2G 58,257 98,698 233.277 72,664 63,475 112,402 233,277 76,112 462,896 485,266 Fund balances Balance R•ceipts Paymgnts Transf?r Galnsl Asset Balance at 51art Ilosses) addltlons at end Unr•sirlcl•d funds 488,083 B8,286 {55,414) (8,660) {10,920) 493,355 488.083 88,266 {55,414) 18,660) {18,9201 493,355 R05trlcted funds Property PGI - Appeals Olher fvnds Chrigtian Aid Poppy appeal hjr AJnbu18nce Nl Bequests Breakaway Foundgtson Chri8ti8ns Again81 Poverty Jzheimer'$ SoGiety 3.223,508 12.877 7.635 8,715 739 291 151,700) (9,094) 12,348) (7391 (2911 7.215 1.459 42,639 3,234,473 193 6.560 1,489 83 20 130 511 1,489 83 20 130 511 Orgonisalional lunds 12,907 10.481 18.9191 (14) 14,45S 3,238.&41 40.738 173.157} 8.66D 42,639 3,257,721 Endowment fund£ 76,112 (3,448) 72,664 76.112 {3.448) 72,664 Tolal 3.803.036 129.004 (128.571) <22.368) 42,639 3,823 740
KILLEAD PRESBYTERIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Employws The aveiase number of employees, Includlng Ihe mln16ter of the ¢ongregBllon, durlng the yegr was.. 2Q22 Number 2021 Number 2022 2021 Vthges and salarles Soeial 8ecurity ¢oGts 11,079 758 15,455 1,342 11,837 16.797 There wgre no enyloyees in recelpi of employee benefks In excess of £60,000 10 Ponslon Gost5 The fflinlster of the congregation fs a membef of the Pièsbyt•rfan Church in Ireland Penslim Scheme {20091. Th19 19 a 9chomè oporated by Ihe Presbytorian Church in Ireland, a Geparate regiGtered charlty. The oonoreaallon payo on ats68M0nt to tho pre6bClln Church In Ireland oqulvalant to thé employor's pension conlribub'on lor th¢ Scheme ond based on the stipend paid lo the minister. The Presbytenan Church In Ireland Pen51on Scheme (20091 15 a funded Scheme ofthe defin8d benefil type. providing defined benefits bas¢d on Gureer av¢r49? revalued salary. The Scheme has a¥8ets hdd In • Beparately pdtDlnlJlered fund manag•d by a board of trujtees. Tho Presbyterlan Church Bnd Ihe Scheme Tru¥le83 h?ve aweed a fundlng plan to ensure Ihe SGheme18 ?uffidendy fijnded to meet current and future obllg4llon>. A lormal sthedule of ¢ontributs'ons vrds dravm up on 25 Novembef 2015 whereby the Presbyierlan Church agreed to pay from 31 D*cember 2015 contrlbution$ 01 24•h of ponOn9b1 Bolarl•¥ 19 rovor tho aceruol ol bonofits for fuwro service, expenses, the cost ol insurlng death In servlce benefits and fundlng the scheme deklt. The conlribulions made by the congregation during Ihe year were 2022 2021 Contribulions 1.344 2,543 13-
KILLEAD PRESBYTERIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 41 Related pfjrty transactions Onè ol the TrustooA. tho minister ol the ngrOga11On recelved remvnèration of £5.600 lor acting h that cap8cIty, Penpjon contrlbutions of £1,344 were pald by the COngreglon in respect DI the mlnlster lo the Presbyterien Chuich in Ireland Pen8ion Scheme (2009). None of the other truslees recelvgd any remuneration. ring the year the congregaiSon contributed the following amounts io Fund5 of Ihe General N38embly of the Presbyterian Churth In Ireland a sepafale chartty: £6,009 for Congregational assessmen15 £6,090 lowards the United Appeal £688 toward the Prosbytorian Orphan 8nd Children Sodety £1,048 towards the World Development ADpeal £1,268 tovlgfds th• Moderatorfs Ukraine Appeal There were no other related party transactions. 14-