CHARITY REGISTRATION NUMBER: N1104990 Annalong Congregation Of The Presbyterian Church In Ireland Unaudited Financial Statements 31 December 2023 PURDY QUINN Chartered accountants Northern Bank House 42 Greencastle Street KILKEEL Co Down BT34 4BH
Annalong Congregation Of The Presbyterian Church In Ireland Financial Statements Year ended 31 December 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements 10 11
Annalong Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 Decernber 2023. Reference and administrative details Registered charity name Annalong Congregation Of The Presbyterian Church In Ireland N1104990 Charity registration number Principal offlee 30 Ballyveaghrnore Road Ballymartin Co Down BT34 4UL The trustees Rev David Mccullagh Keith Hanna Brian G McKibbin James A Martin Alan E Hill Trevor Mcconnell Williarn Mcconnell Robert J Burden Harding R Acheson James A Hanna Jason Hill Charles Martin Samuel M¢Connell Independent examiner Purdy Quinn Northern Bank House 42 Greencastle Street KILKEEL Co Down BT34 4BH
Annalong Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (continued) Year ended 31 December 2023 Structure? governanee and management The Kirk Session The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's ooverning document, The Code, the book of the ConstitiOn 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 Sessions h&s delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the KiTk 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 meetTntss, except that the Moderator, the ministers in active duty in the congregation, has no deliberative but only a casting vote. Stated meetings of the Kirk session are held at least five times in each year OT more frequent if appropriate. To be chosen for the office of the eld¢rship 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 the votes cast. Presbytery Under the Presbyterian Church in Ireland forni of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and teTnporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Annalong Presbyterian Church has been assigned to the Newry Presbytery of the Presbyterian Church in Ireland. The Tnembership of the 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 nonnally constituted during the first week in June for worship and to conduct its business. At the end of business it is dissolved. The rnembership 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. Objectives and activities Annalong Presbyterian Church is a contrregation 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 exist5 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 fijlfilling God's mission to our world. Th¢ congregation's mission pUOSeS by the grace of God, to help people of all ages become fully devoted followers of Jesus Christ. Our vision is, by the grace of God. to be an inclusive, welcoming Community of Christ's people of all ages, which.. is increasingly characterised by love for Goa, and love and concern for others- is committed to the historic Christian gospel as revealed in the Bible. is relevant to people of this time and place.
Annalong Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (eontinued) Year ended 31 December 2023 Objectives and activities (eoniinued) The congregation aims to live out its Mission and Vision as a family of God's people by being: A Covenant Community.. where our relationships are rooted in the promises of God by living faIthIlY toward him and toward one another An Intergenerational Community.. where adult5 intentionally take the lead to engage with, encourage and nurture younger members to matUTity in Christ. - An Outward looking Community: where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bounds of our community. As a congregation of the Presbitterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechisrns set out what we understand the Bible teaches on key matters of Christian faith and practice. The congregation meets for worship every Sunday and visttors are welcome to join. The Sacrament of the LoTds Supper is observed on several occasions during the year and all those who have been baptised and who have tnade a profession of faith in the LoTd Jesus Christ are admitted to the Lord's Supper. The congregation holds regular bible study Tneetings and has a wide rang¢ of organisations including Sunday Schools - Tots & Toys Bowling Club Presbyterian Woman Men's Fellowship Girls Brigade Boys Brigade Tuesday fellowship Youth Fellowship Women's Bible Study - Wann Welcome Achievements and performance Worship and prayer The congregation meets for WOTship each Sunday at 11:30am (I I..00am during July and August) and 7:00pm. During the week the Bible Study provides an opportunity foT members to meet together for fellowship, to study the scriptures and for a time of prayer. As well as our regular services during the year we acknowledged God's gift of new life at 3 Sacraments of Baptism, we Conducted several rnalage services and gave thanks for faithfvl services and sought to comfort those who had been bereaved during the year. At 31 st December 2023 there were 223 communicant members and 316 families connected with the congregations. The average weekly attendance at morning worship is 300 and 90 at evening worship. Pastoral eare Mernbers of the congregation who are unable to attend church due to sickness or age were vi51ted on a regular basis by the minister and the elders. Mission and outreach At a local level the congregation seeks to be a withess to the community by providing clubs and organisations for
Annalong Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report (contlnued) Year ended 31 December 2023 young and old to attend and by providing spiritual and emotional support to everyon¢ who seeks help. At Easter we held a church picnic on the Monday afternoon, due to inclement weather this wa5 held in the main hall with various activitie5 laid on to entertain and inform all members of the family. young and old. This was enjoyed by all who attended. Another of our yearly activities is Fit For Life which again ran on Tuesday nights during May. It consists of various types of exercise or walks around the village followed by a short epilogue from a guest speaker. There was a varied group of approximately 90 to l 00 women from teenagers to senior years who attend¢d each night some from our own congregation or other churches and many with no Church connection. During the summer months we ran ttyo events for the young people of the arei a holiday Bible club for those of primary school age and "Reconnect an evening club for those of high school age, both were well attended. Also during the summer months Sunday Night Lights met in various people's homes giving an opportunity for young adults to gather together after the evening church service for food and fellowship. On Sunday July 2nd we held another church picnic after the morning service, this was held at the manse and was enjoyed by a number of the congregation. Again this year we had a collection of gift boxes for the Samaritans Purse Shoe Box Appeal in November. These were delivered to their collection centre for distribution by that organisation to needy children in various parts of the world for Christmas. A new venture for us this year was Warn] Welcome. this ran in our fellowship room in the main hall on a Monday morning providing a wam] space with refreshment for those who wished to attend. This was started in response to the need to provide a place where any member of the local community could come during the cost-of-living crisis. It has been well used and has benefited many throughout the year. 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 denorninational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at horne and overseas, assists congregations with the deployment of locally based staff, enables church plantin provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church's training college for ministy students. and financially supports congregation ill the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. 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 but this was Cancelled due to Covid regulations. Property During the year no major project was undertaken. Organisations Sunday is the busiest day of the week for the church with both Junior and Senior Sunday schools running in the morrting before our main worship service. Junior Sunday school caters for children of nursery and Primary School age and runs from September until June The Senior Sunday School has four different classes divided into Year 8, Year 9, Year 10 and Years I l and 12 combined. Our evening service 15 held later in the day with Youth Fellowship held after th¢ servic¢ for young people of High School age.
Annalong Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (continued) Year ended 31 December 2023 Achievements and performanee (eonlihuedj During the week various activities and organisation frorn SepteTnber to June catering for all age groups and everyone from the local community is very welcorne. These include,. Girls Brigade which rneets every Monday with Tinies and Explorers (preschool to P4), juniors (P5 P7), Seniors (Yr8- Yrlo) and Brigadiers (Yrl l upwards). Boys Brigade which meets every week on different nighrs with Anchor boys (P I to P4), Junior Section (P5 to P7) and Company Section (age I I to 18). The Bowling club which meets on a Tuesday night with a wide range of ages attending providing an infornial evening of fellowship and fun with sorne competition along the way. Our Tuesday fellowship which was held every first and third Tuesday of the month. This organises activities for senior citizens providing an opportlmity to meet other people and go on trip5. Similarly, The Contact Group called Toys and Tots was held on a Wednesday morning providing a CTOSS community link between the church and the local community for motherslcarers and their toddlers. Wednesday nicrht sees our midweek fellowship meet at night to study mor¢ of God's word and pray for the local community and fisrther afield. Once a month we run a meeting dedicated to men or women, Men'5 Night on a Wednesday with an age profil¢ of around 30 to 80 plus. The women have PW {Presbyterian Women) on the second Thursday of the month with guest speakers providing a wam] and inviting place where the aims of the church Can be nurtured and encouraged. Each Monday morning between 10..30 and 12:30 we hold Wam Welcome in our Fellowship room in the main hall. This provides a warni 5pa¢e for anyone from the local comTnunity to meet for refreshment and a listening ear. 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 requirernent by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancernent 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 through the care of those in need (including the sick. disabled and bereaved). Generally the above benefits are deliver¢d locally by congregations and their members, or are facilitated through presbyt¢rie5 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 advertisem¢nt, websites. and social media or in other ways. The benefits are demonstrated through reoular evaluat?on of the services and infornlal and ad-hoc feedback from members, their families, and members of the public.
Annalong Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (contlnued) Year ended 31 December 2023 The purpose does not lead to harn). The only private benefit flowing from our pUoSe is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of th¢ir holding office or ernployment. However, this is incidental and necessary in order to rther our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presby¢erian 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 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 240 (2022 - 238) contributors during the year. Total Income of the congregation during the year was £245,199 (2022 - £214,144). The expenditure for the year was £254,709 (2022 - £207,925). The reserves of the Charity at 31 December 2023 totalled £1,017,824(2022- £1,025,969). Responsibilities in respeet of the financial statements The Trustees are responsible for PTeparing the Annual Report and the financ?al statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The Trustees are requtred to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the congregations and the financial activities for that year. In preparing the financial statements the Trustees are required to-. select 5Ultable 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 anv time the financial position of the congregations and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008 and the Statement of Recommended Practice "Accounting and Reporting by Charities (l 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 a7]d other irregularities. Going Concern The activities of the congregation are dependent on ongoing contributions from its members. The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitrnents which will arise in the year from the date of signing this report and subject to the continuing support from members to fund on an ongoing basis the congregation's current activities and oth¢r financial commitments. Reserve5 policy The Trustees have considered the level of uz]restricted reserves that it is appropriate to hold taking account of current and on8oin8 commitm¢nts. It is th¢ policy of the Trusiees to hold at least 3 month's nom]al exp¢nditurc. At the year-end unrestricted reserves were £62,289 (2022 - £66,518) which represents a slTghtly higher level of
Annalong Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report (continued) Year ended 31 December 2023 reserves. The Trustees however, consider it prudent to hold reserves at this level as the funding of its pr¢sent activities is dependent of the ongoing financial support of members. The trustees, annual report was approved on 16 April 2024 and signed on behalf of the board of trustees by: Rev David Mccullagh Trustee Keith Hanna Trustee LUJL. Ll:a:,, dl William Mcconnell Trustee
Annalong Congregation Of The Presbyterian Church In Ireland Independent Examiner's Report to the Trustees of Annalong Congregatlon Of The Presbyterian Church In Ireland Year ended 31 December 2023 I report to rhe trustees on my examination of the financial statements of Annalong Congregation Of The Presbyterian Church In Ireland ('the charity.) for the year cnded 31 December 2023 which are set out on pages 9 to 23. This report is made solely to the ChIty'S Trustees, as a body, in accordance with section 65{3)(al of the Charitie5 Act Northern Ireland 2008 and regulations tnade under s¢¢lion 66 of that A¢1. My work has been undertaken so that I might stale to Ihc charity's Trustees those matt¢rs l am required to slate to them in an independent examinels report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the charity's Tn]stees as a body. for my work or for this report. Responsibilities and basi5 of report As the trustees of the eharity you are responsible for the preparation of the financial statements in accordance with th¢ requirements of the Charities Aci (Northern Ireland) 2008 (the .2008 Act,). You are satisfied that your charity is not required by charity law io be audited and have chosen instead to have an independent exaTnination. It is tny responsibility to-. examine the financial statements under section 65 of the Charities Act. follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under seetion 65(91(bl of the A¢t; and state whether parti¢ular tnatters have come to my attention. Basis of independent examiner's report I have examined your charity financial statements as required under section 65 of the Charities Act and my examination w carried our in accordance with the gencral Directions given by ihe Charity Commission for Northern Ireland under section 6i{91{bl of the Charities Act. My examination included a review of the aceounling records kept by the charity and a comparison of the ac¢ounts presented with those records. Iz also included consideration of any unusual items or disclosures in the financial statements. and seeking explanations from you as charity Trustees eon¢eming any such matters. Independent examiner's statement I have eompleted my examination. I confirni that no matters have com¢ to my attention in connection with my examination giving me cause to believe that in any material resp¢¢i- accounting records were not k¢pt as required by with section 63 of the 2008 Act. or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of the 2008 Act. or the financial statements do not comply with the applicable requirements concerning the forni and conteni of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and faiV view which is not a marter considered as part of an independent examination. l ¢onfirm that ihere are no other matters to which your attention should be drawn lo enable a proper understanding of the accounts to b¢ reached. Purdy Quinn Chartered Accounlanis 42 Gr¢¢ncastle Street Kilkeel BT34 4BH Una Cunningham FCA Chartered Aceountants Ir¢land 16th April 2024 Date
Annalong Congregation Of The Presbyterian Church In Ireland Statement of Financial Activities Year ended 31 December 2023 2023 Restricted Endowment funds funds 2022 Unrestricted funds Total funds Note Total funds ncome and endowments Donations and legacies Charitable activities Other trading activities Investment income Other income 141,806 67.415 28,698 209,221 28,698 1,075 451 5,754 189,627 22,236 1,191 459 631 1,075 212 5,754 239 Total income 148,847 245,199 214,144 Expenditure Expenditure on charitable activities 9,10 157,218 97,491 254,709 207.926 Tot21 expenditure 157,218 97,491 254,709 207,926 N¢t gainsl(losses) on investments 12 (1,365) (1,365) 1,350 Net (expenditure)lincome (8.371) (1.139) 1,365 (8,145) 4,868 Transfers between funds 4,142 (4,142) Net movement in funds (4,229) (5,281) 1.365 (8.145) 4,868 Reconciliation of funds Total funds brought fonvard Total funds carried forward 66,518 944,370 15,081 1,025.969 1,021,101 62,289 939,089 16,446 1,017.824 1.025,969 The statement of fmancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuincr activities. The notes on pages 11 to 23 form part of these financial statements.
Annalong Congregation Of The Presbyterian Church In Ireland Statement of Financial Position 31 December 2023 2023 2022 Note Fixed assets Tangible fixed assets Investments 17 18 886,728 16,446 889,635 15,081 903,174 904,716 Current assets Debtors Cash at bank and in hand 19 33,241 84,201 27,640 96,060 117,442 123,700 Creditors: amounts falling due within one year Net current assets 20 2.792 2,447 114,650 121,253 Total assets less current liabilities Net assets 1,017.824 1,025.969 1.017,824 1.025,969 Funds of the eharity Endowment fitnds Restricted funds Unrestricted funds 16,446 939,089 62,289 15,081 944.370 66,518 Total charity funds 22 1,017,824 1,025,969 These financial statements were approved by the board of trustees and authorised for issue on 16 April 2024. and are signed on behalf of the board by: Rev David Mccullagh Trustee Trevor Mcconnell Trustee The notes on pages 11 to 23 form part of these financial statements. 10
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements Year ended 31 December 2023 General information The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office 15 30 Ballyveaghmore Road, Ballyrnartin, Co Down, BT34 4UL. ststement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as rnodified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through tncome or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Annalong Congregation of The Presbyterian Church in Ireland constitutes a public benefit entity as defined by FRS 102. Going concern After tnaking appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this rea50n. they continue to adopt the going concern basis in preparing the financial statement5. To ensure this, the charity has a reserves policy to develop and tnaintain unrestricted reserves equivalent to 12 months incoming resources without prejudicing the ongoing activities of the organisation. Judgements and key sources of estimation uncertainty In the application of the charity's accounting policies. the trustee5 are required to make judgements. estimates and assumptions about the canying amount of a55ets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are received on an ongoing basis. Revisions to accounting estimat¢s are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where their vision affects both cuent and future periods. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to rther any of the charity's purposes. Designated funds are unrestricted funds earniarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the temis of an appeal and fall into one of two sub-¢lasse5'. restricted income funds or ¢ndowment nds. Where the Trustees make a transf¢r of funds from s¢n¢ral funds to a re5trictcd fund, the chariry reserves the right to transfer the unrestricted element of that fund into general reserves at any time in the future. 11
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financlal Statements (contlnuedj Year ended 31 December 2023 Incoming resourees All income is recognised once the charity has entitlement to the income, it is PTobable that the income will be received, and the amount of income receivable can be measured reliably. For legacie5, entitlement is taken as the earlier of the date on which either- the charity is aware that probate has been granted, the estate h&s been finalised and notification has been made by the executorfs) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recoonition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Income tax recoveTable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Resources expended Expenditure is recognised on an accTuals basis a5 a liability is incurred. Expenditure includes any V A T which cannot be fully recovered, and is classified under headings of the statement of fmancial activities to which it relates: expenditUTe on raising ndS includes the costs of all ndraising a¢tivities, events, non-charitable trading activities, and the sale of donated goods. expenditu on charttable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated irnpairni¢nt losses. All assets costing more than £1,000 are capitalised. Cost includ¢s the original purchase Price, costs directly attributable to bringing the asset to its working condition for Tts intended use, dismantling and restoration costs. The Charity have utilised FRS 102 transitional rules for property and have included all propety in use by the charity at the date of transition to FRS 102 at deemed cost, being the fair value of the properties at that time. 12
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (¢ontlnued) Year ended 31 December 2023 Accounting policies (conlinued) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings l O % straight line Church Propety - Given the nature of the properties and the high level of on-going maintenance to which they are subject, no depreciation is applied to Church Property. Th¢ residual value of Church Property is considered to be at least equal to the cost (deemed cost) of the propety. Investments Unlisted equity investments are initially recorded at cost, and subsequently me&5ured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impaimient. Financial instruments The ¢haTity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest Method. Defined contribution plans The charTty operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. Donations and legaeies Unrestricted Funds Restricted Total Funds Funds 2023 Donations Free Will Offering Gift Aid Loose collections Other donations United Appeal Collection General missions Gift Day Colle¢rion Mission boxes Property & building fund Presbyterian Childrens Society RNLI Harvest Collection Shoe Box Appeal Moderators App¢al Earl Haig Other donations 111,932 18,105 7,286 338 111.931 25,971 7,286 543 11,242 29,466 4,145 7,865 205 11,242 29,466 4.145 1,534 3,015 1,370 422 5,890 3,015 1,370 422 5,890 940 5,466 940 5,466 141,806 67,415 209,221 13
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 Donations and legacies (conlinued) Unrestricted Funds Restricted Total Funds Funds 2022 Donations Free Will Off¢ring GiftAid Loose collections Other donation5 United Appeal Collection General missions Gift Day Collection Mission boxes Property & building fund Presbyterian Childrens Society RNLI Harvest Collection Shoe Box Appeal Moderdtors Appeal Earl Haig Other donations 104,803 13,956 1,966 104,803 21,009 1,966 200 10.190 7,053 200 10,190 27,097 40 3,141 3,141 1,103 3,898 3.898 1.373 560 6,175 40 4,062 358 2,914 560 6,175 40 4,062 358 3,014 100 124,006 65,023 189,029 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2023 Presbyterian Women Boys Brigade Girls Brigade Youth Club Youth Fellowship Contact Group Fit for Life Bowling 4,853 5.852 12,819 4,853 5,852 12,819 1,778 2.025 391 980 1,778 2,025 391 980 28,698 28,698 14
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 Charitable activities (eonlinued) Unrestricted Funds Restricted Total Funds Funds 2022 Presbyterian Wornen Boys Brigade Girls Brigade Youth Club Youth Fellowship Contact Group Fit for Life Bowling 1,678 4,329 13,185 125 1,678 13,185 125 837 1.484 298 300 837 ,484 298 300 837 21,399 22,236 Other trading activities Unrestricted Total Funds Funds 2023 Unrestricted Total Funds Funds 2022 Hire of hall 1,075 1,075 1,191 1.191 Investment income Unrestricted Funds Restricted Total Funds Funds 2023 Bank interest receivable Other investment income- dividends 220 19 220 231 212 212 239 451 Unrestricted Funds Restricted Funds Total Funds 2022 Bank interest receivable Other investment income- dividends 219 20 219 240 220 220 239 459 Other income Unrestricted Funds Restricted Total Funds Funds 2023 Other income Energy Cost of living payment Refund of overpayment Harvest meal 1,204 1,800 150 2,600 1,204 1,800 150 2,600 5,754 5,754 15
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 Other ineome (contiftued) Unrestricted Funds Restricted Total Funds Funds 2022 Other income Energy Cost of living payment Refund of overpayment Harvest meal 56 425 481 150 150 206 425 631 Expenditure on charitable aetivities by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Advancing Christianity Support costs 92,298 64.920 86,685 10,806 178,983 75,726 157,218 97,491 254,709 Unrestricted Funds Restricted Total Funds Funds 2022 Advancing Christianity Support costs 88,617 47,968 67,475 3,866 156.090 51,836 136,585 71,341 207,926 10. Expenditure on charitable aetivities by activity type Activities undertaken directly Support rosts Total funds 2023 Total fund 2022 Advancing Christianity Governance costs 178.983 72,912 2,814 251,895 2,814 205,349 2,577 178,983 75,726 254,709 207.926 11. Analysis of support costs Analysis of 5UPPOrt costs Advancing Christianity Total 2023 Total 2022 Staff costs Premises GeTteral office Finance costs Governance costs Depreciation Other congregational costs 20,139 35,i62 8,419 238 2,814 5.177 3,577 20,139 35.362 8,419 238 2,814 5,177 3,577 10,746 22,793 6,960 213 2,576 5,231 3,316 75,726 75,726 51,835 16
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 12. Net gainsl(losses) on investments Endowment Total Funds Funds 2023 Endowrnent Funds Total Funds 2022 Gains/(losse5) on other investment assets 1,365 1,365 (I,i50) (1,350) 13. Net (expenditure)lincome Net (expendire)11ncorne is stated after charging/(crediting)'. 2023 2022 Depr¢ciation of tangible fixed assets 5,177 5,231 14. Independent examination fees 2023 2022 Fees payable to the independent examiner for: Independent examination of the financial statements Other assurance services 6[4 2,004 574 1,872 2,618 2,446 15. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follow5: 2023 2022 Wages and salaries Social security Costs Employer contributions to pension plans 64,777 5,084 9,297 54,119 4,978 8,854 79.158 67,951 The average head count of employees during the year was 4 (2022: 4). The av¢rage number of fvll-time equivalent employees during the year is analysed as follows.. 2023 2022 No. MinisteT Maintenance Other No employee received employee benefits of more than £60,000 during the year (2022.. Nil). 17
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Ststements {continued) Year ended 31 December 2023 16. Trustee remuneration and expenses The Minister of the congregation, Rev David Mccullagh, is a trustee of the charity. The Minister received remuneration of £38,738 (2022 £36,89)), allowances of £6,701 (2022 - £6,)82) and mileage expenses of £889 (2022 - £832)in his capacity as the Minister of the congregation. Pension contribution of £9,297 (2022 £8,659} were also paid to the Presbyterian Church in Ireland Pension Scheme (2009) in respect of Rev Mccullagh. Trustee, Trevor Mcconnell received £1,632 (2022 £1,632) in connection with graveyard maintenance duties. No other trustees received any remuneration and no other trustees claimed any expenses during the year in connection with their duties. 17. Tangible fixed assets Church Fixtsjres and Property fittings Total Cost At l January 2023 Additions 859.777 52,311 2,270 912,088 2,270 Al 31 December 2023 859,777 54,581 914,358 Depreciation At l January 2023 Charge for the year At 31 December 2023 22.453 5,177 5,177 27,630 27.630 Carrying amount At 31 December 2023 859,777 26.951 886,728 At 31 December 2022 859.777 29,858 889,635 Church Propety includes all properties owned and occupied by the Charity in Advancement of Christianity and includes the Annalong Presbyterian Church building, Graveyard, Halls and the Manse. The Church Building, Grdveyard, the youth hall & other halls were recognised in the financial statements using a valuation as the deemed cost. on transition to SORP 2015 (FRS 102). The valuation was perfonned by an independent external valuer. as at 31 st December 2015 on the basis of Fair Value. Fair Value is the amount for which an asset could be exchanged between knowledgeable, willing parties on an ann's length basis in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (FRS 102) and the Charities SOIiP 2015 (SORP 2015). The fair value of the Church Building was ¢on5idered to be £Nil, therefore it is not represented in th¢ value stated above. Church property also includes residential propety at Glassdrumman Road, Annalong (the Manse). This property was valued by the Trustees. The Trustees considered the fair value of the propety on transition not to be rnaterially different from its Ratable Value of £330,000, hence this value w&s recorded as the deemed cost of the property on transltion to SORP 2015 (FRS 102. Thi5 property at Glassdrumrnan Road, Annalong was extended and refurbished during 2018. The cost of the refurbishment totalled £139,777 and is included above. Church property is maintained to a high standard. The residual value of Church Propety 15 not considered materially different from the COSLldeemed cost of the propety. therefore, no depreciation has been charged. 18
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 17. Tangible fixed assets (conlinuéd) Due to the age and nature of Church property, it was not possible to reliably state the historic cost of Church propety. Fixtures & fittings are recorded a depreciated historical cost. 18. Investments Other investment$ Cost or valuation At l January 2023 Additions Fair value movements 15,081 1,365 At 31 Deeember 2023 16.446 All investments shown above are held at valuation. Other investments are recorded at their fair value at the balance sheet date. The fair value of the general investment fund is detennined by reference to the quoted price for identical assets in an active market at the balance sheet date. 19. Debtors 2023 2022 Trade debtors Prepayments and accrued income 26,216 7,025 21,084 6,556 33.241 27,640 20. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income Social security and other taxe5 2,619 173 2,447 2,792 2,447 19
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 21. Pensions and other post-retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to def¢d contribution plaT]s was £9,297 (2022.. £8,854). 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 contributions for the Scheme and based on the stipend paid to the Minister and Associate Minister. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defll)ed 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 Trnstees have agreed a ndIng plan to ensure the Scheme is sufficiently funded to meet current and futUTe oblioations. A fornial schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay (from 31 December 2015) contributions of 240/0 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. 20
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 22. Analysis of charitable funds Unrestricted funds At l Jan 2023 Gains and At losses 31 Dec 2023 Income Expenditure Transfers General funds 66,518 148,847 (157,218) 4,142 62,289 At l Jan 2022 Gains and At losses 31 Dec 2022 Income Expenditur¢ Transfers General funds 74,675 126,460 ( l J6,585) 1,968 66,518 Restricted funds At l Jan 2023 Gains and At losses 31 Dec 2023 Income Expenditure Transfers Church Buildings Fund United Appeal Fund Romania Project Fund General Missions Fund Presbyterian Childrens Society Fund Shoe Box Appeal Property Fund Tear Fund RNLI Fund Earl Haig Moderator's Appeal Periodicals Fund Graveyard Fund Lord Enniskillen Student Bursary EMU Concert Presbyterian Women Boys brigade Girls Brigade Youth Club Youth Fellowship Contact Group Fit for Life The NET Sunday School Bowling Club Badminton Club 859,777 1,630 1.227 4.395 13,325 (12,872) {1,232) (3J,566) 859,777 2,083 33,664 {171) 4,322 (1,733) 55,617 10,355 2,372 421 940 (5,694) (2,372) {421) (940) (2.270) 58,008 356 1,729 1,301 250 1.543 (1,312) (1,879) (1,543) 345 loo 2,645 4.494 6,262 730 648 576 593 1,096 789 867 939 6,390 6.061 12,819 (5.899) (7,542) (13,397) (888) (1.081) (2,000) (341) (1,032) (15) (79i) (9i9) (97,491) (100) 3,036 3,013 4,184 (1,500) 158 1.778 2.025 391 1,345 601 643 (64) 775 857 983 (200) 944,370 96,352 (4,142) 939,089 21
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Ststements (Contlnued) Year ended 31 December 2023 22. Analysis of charitsble funds (con¢inued) At l Jan 2022 Gains and At losses 31 Dec 2022 Incorne Expenditure Transfers Church Buildings Fund United Appeal Fund Romania Project Fund General Missions Fund Presbyterian Childrens Society Fund Shoe Box Appeal Property Fund Tear Fund KNLI Fund Earl Haig Moderator's Appeal Periodicals Fund Graveyard Fund Lord Enniskillen Student Bursary EMU Concert Presbyterian Women Boys brigade Girls Brigade Youth Club Youth Fellowship Contact Group Fit for Life The NET Sunday School Bowling Club Badminton Club 859,777 1,509 1,227 5,084 859,777 1,630 1.227 11,819 (11.698) 30,834 (31,223) (300) 1,857 40 11.509 475 560 358 4,062 1,391 40 1,008 598 425 2,782 4,5i I 13,185 126 (1,857} (40) {910) (475) (592) 45,018 55,617 32 (4,062) (1,231) (1,706) (1,008) (598) (425) (2,640) (3,204) (7,344) (6) (10) (1.557) (24) (19) 196 3,395 i56 1,729 2.603 3,167 1,821 610 658 649 319 1,114 899 798 (ioo) 2,645 4,494 6,262 7iO 648 576 593 1,096 789 867 939 (1,400) 1,484 298 300 (31) (212) (71,)41) (200) 929.995 87,684 (1.968) 944,370 22
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 22. Analysis of eharitable funds (ei>ntinued) Endowment funds At l Jan 2023 Gains and At 10ss¢s 31 Dec 2023 Income Expenditure Transfers PCI Investments 15,081 1,365 16,446 At l Jan 2022 Gains and At losses 31 Dec 2022 Income Expenditure Transfers PCI Investments 16,431 (1,350) 15,081 23. Analysis of net assets between funds Unrestricted Funds Restricted Endowment Total Funds Funds Funds 2023 Tangible fixed assets Investments Current assets Creditors less than l year Net assets 26,951 859,777 886,728 16,446 117,442 (2,792) 1,017,824 16.446 38,130 (2,792) 79.312 62,289 939.089 16,446 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2022 Tangible fixed assets Investments Current assets Creditor5 less than l year Net assets 29,858 859,777 889,635 15,081 123.700 {2,447) 15,081 39,107 (2,447) 84,593 66,518 944,370 15,081 1,025,969 24. Related parties The Minister, Rev David Mccullagh (a Trustees of the Charity) represented the key management of the charity. Total remuneration and exp¢nses paid to Rev Mccullagh are detailed in Note 16. Rev Mccullagh has also occupied residential church property at Glassdrunnan Road, Annalong (The Manse) in his role of Minist¢r of the congregation. Rev Mccullagh wa5 not charged rent for use of this property. During the year the charity paid £1,632 (2022 - £1,632) to trustee. Trevor Mcconnell. This represented a commercial transaction in relation to services provided by Mr Mcconnell with regard to ground maintenance. 23