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 Ac￿VIty 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 Le￿1$ 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 MO￿7B0n 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 Presb￿erian 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. Y￿th 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 dIsrUp￿On 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 Y￿11 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 commun1￿nI me￿lber0 and 164 I3￿￿lIeS ¢onneded the Congrega￿On. 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$li¢ worGhip group and an aetiv8 ehoif thich Iqad 98NIcos of YKJf5hlp wlth Modern and tradilional poolm¥. hyinn¥ gnd soiigs Sunday School a Bible Clas6 - Killead Presbylerian Church ha8 a number ol d•dlcated tea¢hers vtho provlde Instruction lo children and young people In the Sunday School and Blble Cljss each Sunday, apart trom during the summer month5, These aroups meet belore and durfng publiG Yffjr3hip. Chlldren'6 Church - Th1615 almed al younger children (up to 9), tho leave after the initial parl of Ihe Sund8y mornino Bervicey and tbke part in educ8lJono1 ac11￿￿e¥ appropriale lo their u9e. This •llov•7 parents to cuncentr818 on the 88r¥lco gnd e$pe¢ially the germon. PreSbYte￿an 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 rnee￿n9 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 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 do￿a￿an$ 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 EndoWn￿nI 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 ASSe￿IDentS Pre&b￿ary 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 ccjn0reoa￿0n 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 follo￿7ng 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 a￿ts68M0nt to tho pre6b￿C￿lln 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 pon￿On9b1￿ 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 COngreg￿lon 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-