## **FIRST ANTRIM PRESBYTERIAN CHURCH** ## **a Congregation of The Presbyterian Church in Ireland** ## **TRUSTEES ANNUAL REPORT** The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2022 including a Balance Sheet as at that date. ## **REFERENCE AND ADMINISTRATIVE DETAILS** First Antrim congregation of the Presbyterian Church in Ireland Church Street, Antrim BT41 4BA Registered Charity in Northern Ireland (NIC104951) ## **CHARITY TRUSTEES** The Charity Trustees who served during the year or who were trustees at the date of this report were J.A. Alexander T. R. H. Latimer K.A. Alexander Rev. S. J. Lockington BA BD J.N Allison H. McC. Matchett A. Brownlee W.H.McFadden A.A. Chestnutt R.P. McKibbin R.P. Clarke Mrs N. McKnight D.C. Clyde D. W. McMahon L.T. Creighton J. Orme A. McM. Cuthbert B.A. Simpson D.K.Elliott I. Stockdale M.R. Finlay D.A. Thompson I. Hamill M.W. Herbison R. Kirkpatrick ## **PRINCIPAL OFFICE BEARERS** Minister Clerk of Session Treasurer Rev. S. J. Lockington BA BD T.R.H. Latimer D.A. Thompson 2 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **TRUSTEES ANNUAL REPORT (continued)** ## **INDEPENDENT EXAMINER** **Hopper & Co 6 Doagh Road Ballyclare BT39 9BG** **BANKERS Ulster Bank 8 Market Square Antrim BT41 4AT** **SOLICITORS** **Anderson Gillan Barr 32 Church Street Antrim** **BT41 4BA** 3 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **TRUSTEES ANNUAL REPORT (continued)** ## **STRUCTURE AND MANAGEMENT** ## **The Kirk Session** The charity trustees of the congregation are the members of its Kirk Session. Under the congregation’s governing document, The Code, the book of the constitution and government of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the congregations. All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the minister in active duty in the congregation, has no deliberative but only a casting vote. Stated meetings of the Kirk session are held on a monthly basis between September and June. To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote. ## **Presbytery** Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. First Antrim Presbyterian Church has been assigned to the Templepatrick Presbytery of the Presbyterian Church in Ireland. The membership of the 4 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** ## **a Congregation of The Presbyterian Church in Ireland** ## **TRUSTEES ANNUAL REPORT (continued)** Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of each congregation. ## **The General Assembly** The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its business. At the end of business, it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired minsters and a representative elder appointed by the Kirk Session of each congregation. ## **DESCRIPTION AND PURPOSE** First Antrim Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is grounded in the Scriptures and exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play their part in fulfilling God’s mission to our world. The congregations mission purpose is for the fame of Christ, to be disciples and make disciples in Antrim and beyond. Jesus offers this promise in John 10:10 “I have come that they may have life, and have it to the full” This promise is full of meaning. ‘Full Life’ in Jesus is the greatest need of all who don’t believe in Him and the ultimate purpose of all who do. ## OUR VALUES AND MISSION 1. Prayer and the Word of God are central to the life of our Church. 2. Our Worship should be God honouring, joyful and uplifting. 3. We value togetherness, developing community in our Church family. We strive to be a friendly Church. 5 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **TRUSTEES ANNUAL REPORT (continued)** 4. We long to see each member equipped to be an everyday disciple. 5. Evangelism at home and abroad is integral to who we are. 6. We seek to communicate the Gospel clearly and creatively to contemporary society. 7. We seek to show practical concern for all in need. 8. We are strategically placed in Antrim Town centre and need to maximise the opportunity to engage with the community. This will require us to reimagine our building strategy and our mission. 9. We need to be future focused. Whilst we learn from the past we do not dwell there. We lean and are led forward to the years ahead. 10. We will focus our resources on our mission to be disciples and to make disciples. ## **ACTIVITIES AND OBJECTIVES** The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is observed on several occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord’s Supper. The congregation holds regular bible study meetings and has a wide range of organisations including - Sunday School (Friends of God Club) - Youth Club - Elevation (Teenage Group) - Boys’ Brigade - Girls’ Brigade - Chat ‘n Chew - Craft Class - Friendship Group - Presbyterian Women - Mens Ministry ## **ACHIEVEMENTS AND PERFORMANCE** ## **Worship and prayer** The congregation normally meets for worship each Sunday at 10.30am and 6.30pm. During the week the Small Group Ministry provides an opportunity for members to meet together 6 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **TRUSTEES ANNUAL REPORT (continued)** for fellowship, to study the scriptures and for a time of prayer. Alongside these, regular prayer meetings are held throughout the week on a range of subjects. As well as our regular services during the year we acknowledged God’s gift of new life at x Sacraments of Baptism, we conducted x marriage services and gave thanks for faithful services and sought to comfort those who had been bereaved during the year. At 31 December 2022 there were 295 (2021:304) communicant members and 395 (2021:411) families connected with the congregation. The average week attendance at morning worship is 176 (2021:185). ## **Pastoral care** Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister, elders or by members of the congregation. ## **Mission and outreach** At a local level the congregation engages in local evangelism through a range of organisations including the following: Boys’ Brigade Girls’ Brigade Christians Against Poverty Chat ‘N Chew Youth Club Annual Holiday Bible Club Men’s Ministry Presbyterian Women Regular community outreach meals Shared outreach events with other Antrim Churches 7 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **TRUSTEES ANNUAL REPORT (continued)** ## School Uniform Bank The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church’s training college for ministry students, and financially supports congregation in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. ## **Presbytery** The congregation was represented at the regular meetings of Presbytery by our minister and / or one of the elders. This provides an important link between the congregations and the wider structures of the church. ## **General Assembly** The minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June. ## **Property** During 2022 work was carried out to the front of our Church Building to allow us to provide improved accessibility for individuals of all physical abilities, including new steps, external platform lift and an accessible toilet facility at the main entrance, all compliant with the Disability Discrimination Act. Between May and September 2022 alterations were carried out to our Church Hall to adapt the building to better facilitate the delivery of our mission statement “for the Fame of Christ, to be disciples and make disciples in Antrim and beyond”, including a new glazed welcome area, refurbished toilet facilities, refurbished ground floor hall to improve acoustics and flexibility, new storage at the rear within a remodeled meeting area, and a new roof to eliminate many problems with leaks and improve energy efficiency. 8 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** ## **a Congregation of The Presbyterian Church in Ireland** ## **TRUSTEES ANNUAL REPORT (continued)** ## **Organisations** |Organisation|Summary of Activity|Regular Attendance
Level| |---|---|---| |Boy’s Brigade|Meets weekly on a Monday night. We work with boys
between the ages of 4 and 18. We have a varied
programme of activities to fulfil our object of advancing
Christ’s Kingdom amongst boys and promoting habits of
obedience,reverence,discipline and self-respect.|46| |Girl’s Brigade|Meets weekly on a Wednesday night. We carry out a
wide range of activities to help girls develop spiritually,
physically and emotionally, learn new skills and make
new friends.|52 girls aged 3 yrs –
18 from a variety of
backgrounds| |Youth Club|Meets weekly on a Friday night. We provide a safe
environment for secondary aged students to socialise
and play sports. Each week there is a short epilogue led
byaguest speaker.|22 regulars| |PW|Meets monthly on a Tuesday night, 7 times per year.
Each meeting is led by a special speaker and supper is
provided. Ladies increasinglyenjoybeingtogether.|40-70 ladies,
breakfast 100 +| |Elevation|A group for young people of secondary school age,
meeting on Sunday evenings. We develop friendships
amongst young people and give them the opportunity
to learn from the Bible in a relaxed environment.|Between 15 + 25
young people| |Grow Groups|There are 5 groups meeting on different days of the
week in different locations. All use the same Bible
study guide. Groups varyin size from 8 – 25people.|8-25 people| |Craft Class|Ladies from different surrounding towns come to learn
various crafts. We provide companionship to the senior
ladies and aim to spread the Gospel of Jesus|18 ladies| |Friendship
Group|Meets on a Tuesday, once a month from 1:45-3:30pm.
The aim is to provide friendship and fellowship,
promoting interaction for the benefit of people in the
town. We have a short time of worship, have a guest
speaker covering various topics, and enjoy afternoon
tea. One or two outings are planned each year which
members enjoy.|70+, aged 50+| |Monday
morning Bible
Study|Ladies meet for 1 ½ hours to study the bible, have
refreshments and enjoy being together. Creche is also
provided for the ladies who have small children. We
meet for 6 weeks before Christmas and 12 weeks after.|15-30 attend| 9 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **TRUSTEES ANNUAL REPORT (continued)** ## **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. ## **PUBLIC BENEFIT STATEMENT** The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church’s subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved). Generally, the above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with 10 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** ## **a Congregation of The Presbyterian Church in Ireland** ## **TRUSTEES ANNUAL REPORT (continued)** and support for both Christian and other secular organisations, charities and individual members of the public. The Kirk Session has had regard to the Charity Commissions public benefit requirement statutory guidance. ## **FINANCIAL REVIEW** The congregation’s main source of income is members’ contributions through the Weekly Freewill Offering. There were 234 contributors during the year (2021: 281) donating a total of £134,290 (2021: £132,509). Total Income of the congregation during the year was £499,287, compared to £437,106 in the previous year, mainly due to increases in FWO and donations/gifts _._ Total expenditure in the year was £998,561 (2021: £413,022). The major part of this uplift relates to the extensive refurbishment of the Church and halls. A decision taken by Session at a meeting on 23[rd] March 2021 has resulted in the balance of the PMS investment now being written off as irrecoverable. ## **RESERVES POLICY** The Trustees review the financial position of the Charity on a monthly basis. A report submitted by the Treasurer to each stated meeting provides up to date financial data. This allows income and expenditure to be compared against the figures at the equivalent point in the previous Church year. The Trustees have considered the level of unrestricted reserves that it is appropriate to hold taking account of current and ongoing commitments. It is the current policy of the Trustees to hold at least 6 months normal expenditure. At the year-end unrestricted reserves were £137,440 (excluding fixed assets) which represents a fair level of reserves when compared to the six-monthly expenditure of around £83,000 [Excluding any one-off building work]. The Trustees consider it prudent to hold reserves at this level as the funding of its present activities is dependent of the ongoing financial support of members. 11 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **TRUSTEES ANNUAL REPORT (continued)** ## **RISK REVIEW** A review of major risks has been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from members. These risks are mitigated by the Trustees, and the Congregational Committee, regularly monitoring the various activities of the congregation at stated meetings and by encouraging members in their regular giving. ## **STATEMENT OF TRUSTEE RESPONSIBILITIES** The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the congregation and the financial activities for that year. In preparing the financial statements the Trustees are required to: - select suitable accounting policies and then apply them consistently - make judgements and estimates that are reasonable and prudent - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Funds will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable them to ensure that the financial statements comply with the Statement of Recommended Practice “Accounting and Reporting by Charities (1 January 2015)”. They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 12 an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Freland TRUSTEES ANNUAL REPORT (continued) i?4fioJ.- £013 Approv e Kirk Session on th 23 and signed on its behalf by Harry Latimer David Thompson Clerk of Session Treasurer 13 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** ## **a Congregation of The Presbyterian Church in Ireland INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES** I report on the financial statements of First Antrim Presbyterian Church for the year ended 31st December 2022 which are contained within the 2022 Annual Report. ## **Respective responsibilities of trustees and independent examiner** First Antrim Presbyterian Church's trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities Act (Northern Ireland) 2008. The Trustees consider that an audit is not required under section 65(2) (audit) of the Charities Act (Northern Ireland) 2008 for the year and that an independent examination under section 64(1) of the Charities Act (Northern Ireland) 2008 is required. It is my responsibility to examine the accounts and to state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out under Section 65 of the Charities Act (Northern Ireland) 2008. An examination includes a review of the accounting records kept by the Church and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements. ## **Independent examiner's statement** In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements to keep proper accounting records in accordance with Section 63 of the charities Act (Northern Ireland) 2008, and to prepare financial statements which accord with the accounting records in accordance with Section 64 of the Charities Act (Northern Ireland) 2008 have not been met or which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. _________________________ Michael Hopper FCA, Partner, Hopper & Co, Chartered Accountants. 29[th] September 2023 14 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** ## **a Congregation of The Presbyterian Church in Ireland STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2022** ||Notes|Unrestricted
Funds|Restricted
Funds|Total Funds
2022|Total Funds
2021| |---|---|---|---|---|---| |||£|£|£|£| |**Income and Endowments from:**|||||| |Donations and legacies|2|171907|319513|491420|432696| |Charitable activities|3|1213|2105|3318|475| |Other|4|3105|2144|5249|3935| |||----------|----------|----------|----------| |Total||176225|323762|499987|437106| |||----------|----------|----------|----------| |**Expenditure on:**|||||| |Raising funds|5|650|650|1300|1548| |Charitable activities|6|165386|831875|997261|411474| |||----------|----------|----------|----------| |Total||166036|832525|998561|413022| |||----------|----------|----------|----------| |Net gains/(losses) on investments|10|-|-|-|
105346| |||----------|----------|----------|----------| |**Net Income / (expenditure)**||10189|-508763|-498574|-81262| |Transfers between funds||43680|-43680|-|-| |||----------|----------|----------|----------| |**Net movement in funds**||53869|-552443|-498574|-81262| |Reconciliation of funds:|||||| |Total funds brought forward||577698|711443|1289141|1370403| |||----------|---------|------------|------------| |**Total funds carried forward**||631567|159000|790567|1289141| |||======|======|=======|=======| 15 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland BALANCE SHEET As at 31 December 2022** |**ALANCE SHEET**
**s at 31 December 2022**|||||| |---|---|---|---|---|---| ||Notes|Unrestricted
Funds|Restricted
Funds|Total Funds
2022|Total Funds
2021| |||**£**|**£**|**£**|**£**| |**Fixed assets:**|||||| |Tangible assets|9|501777|-|501777|388835| |Heritage assets|9|-|-|-|-| |Investments|10|-|164|164|164| |||**----------**|**----------**|**----------**|**----------**| |**Total fixed assets**||**501777**|**164**|**501941**|**388999**| |||**----------**|**----------**|**----------**|**----------**| |**Current assets**|||||| |Debtors|11|35334|26691|62025|49718| |Current Investments||-|-|-|-| |Cash at bank and in hand|12|151322|132145|283467|851424| |||**----------**|**----------**|**----------**|**----------**| |**Total current assets**||**186656**|**158836**|**345492**|**901142**| |||**----------**|**----------**|**----------**|**----------**| |**Liabilities:**|||||| |Creditors: Amounts falling due within|13|12978||12978|1000| |one year|||||| |||**----------**|**----------**|**----------**|**----------**| |**Net current assets or liabilities**||**173638**|**158836**|**332514**|**900142**| |||**----------**|**----------**|**----------**|**----------**| |**Total assets less current liabilities**|||||| |Creditors: Amounts falling due after||43888|-|43888|-| |more than one year|||||| |Provisions for liabilities||-|-|-|-| |||**----------**|**----------**|**----------**|**----------**| |**Total net assets or liabilities**||**631567**|**159000**|**790567**|**1289141**| |||**----------**|**----------**|**----------**|**----------**| 16 an FIRST ANTRIM PRESB￿ERIAN CHURCH a Congregation of The Presbyterian Church in Ireland BALANCE SHEEr As at 31 December 2022 Funds of the charity Restricted income funds 14 159000 159000 711443 Unrestricted funds 14 631567 631567 577698 Total charity funds 631567 159000 790567 1289141 *Lr 1023 Approved by the Kirk Session on 28tye ned on its behalf by Rev.Stephen Lockington Harry Latimer Minister Clerk of Session 17 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS** ## **31 December 2022** ## **1. ACCOUNTING POLICIES** ## **BASIS OF FINANCIAL STATEMENTS** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective 1 January 2015). The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members. ## **FUND ACCOUNTING** Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are income funds which are to be spent on the congregation’s general purposes. Designated funds are general funds set aside by the congregation for use in the future. . 18 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** ## **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS** ## **31 December 2022** ## **1. ACCOUNTING POLICIES (cont’d)** ## **INCOMING RESOURCES** ## **(i) Recognition of incoming resources** These are included in the Statement of Financial Activities (SoFA) when: - the congregation becomes entitled to the resources; - the trustees are virtually certain they will receive the resources; and - the monetary value can be measured with sufficient reliability. ## **(ii) Incoming resources with related expenditure** Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SoFA. ## **(iii) Grants and donations** Grants and donations are only included in the SoFA when the congregation has unconditional entitlement to the resources. ## **(iv) Tax reclaims on donations and gifts** Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate. ## **(v) Contractual income and performance related grants** This is only included in the SoFA once the related goods or services have been delivered. 19 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** ## **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS** ## **31 December 2022** ## **1. ACCOUNTING POLICIES (cont’d)** ## **(vi) Donated services and facilities** These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## **(vii) Volunteer help** The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. ## **(viii) Investment income** This is included in the accounts when receivable. ## **(ix) Investment gains and losses** This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. ## **EXPENDITURE AND LIABILITIES** ## **(x) Liability recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. ## **(xi) Governance costs** These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. ## **(xii) Grants with performance conditions** Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. 20 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS** ## **31 December 2022** ## **1. ACCOUNTING POLICIES (cont’d)** ## **(xiii) Grants payable without performance conditions** These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity **.** ## **ASSETS** ## **(xiv) Tangible Fixed Assets** Tangible fixed assets for use by charity are capitalised if they can be used for more than one year and cost at least £2,500. They are valued at cost or, if gifted, at the value to the charity on receipt. Depreciation is recorded on all tangible fixed assets other than freehold land, at rates calculated to write of the cost, less estimated residual value, of each asset over its expected useful life as follows |Buildings:|- over 50 years| |---|---| |Fixtures, fittings and equipment|- over 10 years| |Motor Vehicles|- over 4 years| |Computers, software and technical equipment|- over 4 years| ## **(xv) Investments** Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees’ best estimate of market value. 21 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** ## **2. DONATIONS AND LEGACIES** ||Unrestricted|Funds|Restricted|Funds|Total Funds|2022|Total Funds|2021| |---|---|---|---|---|---|---|---|---| |||£||£||£||£| |Recorded giving:||134290||31682||165972||167081| |Loose collections||3512||-||3512||916| |Donations and gifts||662||242092||242754||204147| |Gift Aid||33443||45239||78682||60552| |Legacies and bequest||-||500||500||-| |||----------||----------||----------||----------| |||171907||319513||491420||432696| |||----------||----------||----------||----------| |**.**
**CHARITABLE ACTIVITIES**||||||||| ||Unrestricted|Funds|Restricted|Funds|Total Funds|2022|Total Funds|2021| |||£||£||£||£| |Income from charitable||||||||| |activities||||||||| |Fees from weddings and||-||2105||2105||-| |funerals||||||||| |Sale of magazines and books||683||-||683||475| |Fundraising events||530||-||530||-| |Photocopier receipts||-||-||-||-| |||----------||----------||----------||----------| |||1213||2105||3318||475| |||----------||----------||----------||----------| ## **3. CHARITABLE ACTIVITIES** 22 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** ## **4. OTHER INCOME** |||Unrestricted|Funds|Restricted|Restricted|Funds|Total Funds|2022|Total Funds|2021| |---|---|---|---|---|---|---|---|---|---|---| ||||£|||£||£||£| |Miscellaneous receipts|||826|||2144||2970||-| |Rental income received|||750|||-||750||-| |Council grants received|||1529|||-||1529||3935| ||||----------||----------|||----------||----------| ||||3105|||2144||5249||3935| ||||----------||----------|||----------||----------| |**.**|**RAISING FUNDS**|||||||||| |||Unrestricted|Funds|Restricted||Funds|Total Funds|2022|Total Funds|2021| ||||£|||£||£||£| |FWO envelopes|||650|||650||1300||1548| ||||----------||----------|||----------||----------| ||||650|||650||1300||1548| ||||----------||----------|||----------||----------| ## **5. RAISING FUNDS** 23 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** ## **6. CHARITABLE ACTIVITIES** ||Unrestricted|Funds|Restricted|Funds|Total Funds|2022|Total Funds|2021| |---|---|---|---|---|---|---|---|---| |||£||£||£||£| |General Assembly Assessments||29056||-||29056||29958| |Presbytery fees||1386||-||1386||1359| |Ministry and support staff costs||98108||-||98108||85034| |Congregational running||35234||14908||50142||81437| |expenses||||||||| |Donations to Missions and||-||174177||174177||192035| |charities||||||||| |Church refurbishment||-||642790||642790||20245| |Governance costs||1602||-||1602||1406| |||----------||----------||----------||----------| |||165386||831875||997261||411474| |||----------||----------||----------||----------| 24 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** ## **7. EMPLOYEES** ## **Employment Costs** ||Total Funds
2022|Total Funds
2021| |---|---|---| ||£|£| |Wages and Salaries|73280|71878| |Social Security Costs|10280|8752| |Pension contributions|11181|11008| ||---------|---------| ||94741|91638| ||---------|---------| ## **Number of Employees** The average number of employees, including the minister of the congregation, during the year was ||Total Funds|2022|Total Funds|2021| |---|---|---|---|---| |Average number of employees||4||4| ||---------||---------|| There were no employees in receipt of employee benefits in excess of £60,000. 25 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** ## **8. PENSION COSTS** The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employer’s pension contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type, providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24% of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit. The contributions made by the congregation during the year were Contributions **----- Start of picture text -----**
£ £
10156 9933
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Total Funds 2022 Total Funds 2021
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The congregation operates a defined pension contribution policy for its employees. The scheme and its assets are held by an independent scheme manager. The pension charge represents the contributions due from the congregation during the year ||£|£| |---|---|---| |Contributions|1025|1075| ||---------|---------| 26 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** ## **9. TANGIBLE FIXED ASSETS** ||Land &
Buildings|Fixtures and|Fittings|Vehicles|Total| |---|---|---|---|---|---| ||£||£|£|£| |**Cost or valuation**|||||| |At start of year|614166||7650|11500|633316| |Additions|132000||||132000| |Disposals|||||| ||----------|----------||----------|----------| |At end of year|746166||7650|11500|765316| ||----------|----------||----------|----------| |**Depreciation**|||||| |At start of year|234906||3825|5750|244481| |Provision for year|14271||1912|2875|19058| |Disposals|||||| ||----------|----------||----------|----------| |At end of year|249177||5737|8625|263539| ||----------|----------||----------|----------| |**Net Book Value**|||||| |At start of year|379260||3825|5750|388835| ||----------|----------||----------|----------| |At end of year|496989||1913|2875|501777| ||----------|----------||----------|----------| The main Church dates from 1834 and is a listed building. The historical, fully depreciated, cost was £3,000. The Church, halls, manse and sexton’s dwelling are fully insured for total rebuilding costs of £8,416,611, including VAT and fees, as at 30[th] October 2022. 27 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** ## **10. INVESTMENTS** ||2022|2021| |---|---|---| |Presbyterian Mutual Society|-|-| |Consolidated Stock|164|164| ||---------|---------| ||164|164| ||======|======| ||2022|2021| |Value at start of year|164|105510| |Additions||| |Disposals||| |Impairment, full write off|-|105346| |Gains / (Losses on revaluation)||| ||----------|----------| |Value at end of year|164|164| ||======|======| Presbyterian Mutual Society (formerly in Administration 2008 to 2013). The Church had investments with the Society which totalled £20,000 in Shares and £536,289.06 in Loans as at 31[st] December 2009. During 2010, a first interim distribution was made by the Administrator of the Society against the Loans balance in the amount of £64,354.69, equivalent to 12p in the £, leaving the balances at 31[st] December 2010 at £20,000 in Shares and £471,937.37 in Loans. During 2011, a further distribution was made in the amount of £386,588.74 leaving a balance at 31[st] December 2011 of £87,345.63 in Loans plus £18,000 in Shares. This balance remained as at 31[st] December 2020. At a meeting of Church Session held on 23[rd] March 2021 it was proposed, seconded and approved by Session that the balance remaining be written off as all available information indicates that no further distributions will be forthcoming. 28 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** ## **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** ## **11. DEBTORS** ||2022|2021| |---|---|---| |Gift Aid Recoverable|62025|49718| |VAT Reclaim due|-|-| ||---------|---------| ||62025|49718| ||======|======| ## **12. CASH AT BANK AND IN HAND** ||2022|2021| |---|---|---| |Ulster Bank current accounts|283467|851424| ||----------|----------| ||283467|851424| ||======|======| ## **13. CREDITORS: amount falling due within one year** ||2022|2021| |---|---|---| |Interest free loans received|-|1000| |Church build term loan|12978|-| ||---------|---------| ||12978|
1000| ||======|======| 29 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** ## **14. FUND BALANCES AND RECONCILIATION OF FUNDS** |Fund|Balance|Income|Expend.|Gains/|Transfer|Balance| |---|---|---|---|---|---|---| ||at start|||Losses||at end| ||£|£|£|£|£|£| |**Unrestricted Funds**||||||| |General fund|188863|176225|146978|-|(88320)|129790| |Buildings fund|379260||14271||132000|496989| |General assets fund|9575||4787|||4788| ||----------|----------|----------|----------|----------|----------| ||577698|176225|166036|-|43680|631567| ||----------|----------|----------|----------|----------|----------| |**Restricted Funds**||||||| |United Appeal|-|26572|30206||3634|-| |Specified Donations|-|80448|82831||2383|-| |Property fund|70261|42142|23647||(76203)|12553| |Outreach fund|2890|1436|2580|||1746| |Benevolent fund|1989|316||||2305| |Organ fund|677|||||677| |Interest Free Loans|14370
|10000|15913|||8457| |Bequests fund|400517|-|||(329341)|71176| |Church Build fund|190918|100663|619459||355847|27969| |Organisations funds|20509|13498|10363|||23644| |Manobo Tribe Support|3076|5401|5500|||2977| |Missionary and Student|6236|43286|42026|||7496| |fund||||||| ||----------|----------|----------|----------|----------|----------| ||711443|323762|832525||(43680)|159000| ||----------|----------|----------|----------|----------|----------| 30 ## **FIRST ANTRIM PRESBYTERIAN CHURCH** **a Congregation of The Presbyterian Church in Ireland** ## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2022** ## **15. RELATED PARTY TRANSACTION** One of the Trustees, the minister of the congregation received remuneration of £42,318 and expenses of £304 for acting in that capacity. Pension contributions of £10,156 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). None of the other trustees received any remuneration. During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity £29,056 for congregational assessments £30,206 towards the United Appeal £1,659 toward the World Development Appeal etc. The congregation contributed £1,386 towards Presbytery Assessments during the year There were no other related party transactions. 31