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2023-12-31-annual-return

Islandmagee Presbyterian Church a congregation of the Presbyterian Church in Ireland

Financial Statements For the year ended 31 December 2023

Registered with the Charity Commission for Northern Ireland NIC 105075

1

TRUSTEES ANNUAL REPORT

The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2023 including a Balance Sheet as at that date.

REFERENCE AND ADMINISTRATIVE DETAILS

Islandmagee congregation of the Presbyterian Church in Ireland 161 Browns Bay Road, Islandmagee. BT40 3TQ

Registered charity in Northern Ireland (NIC 105075).

CHARITY TRUSTEES

The Charity Trustees who served during the year or who were trustees at the date of this report were:

Rev. P. Bovill Miss. M. Kane Mr. S. Hawthorne Mr. J. Smith Mr. W. Irvine Mrs. H. Burns Mrs. C. Magill Mrs. J. Coyle Mr. A. Macquarrie Mrs. F. Craig Mrs. R. McMaster Mrs. M. Crawford Mrs. H. Nelson Mrs. I. Crawford Mr. R. Nelson Mr. P. Crawford Mr. J. Ross Mrs P. Ford Mr. C.R. Smith Mr. M. Hale

PRINCIPAL OFFICE BEARERS

Minister Rev. P. Bovill Clerk of Session Miss M. Kane Secretary Mr R. Smith Treasurer Mr. C.L. Smith

INDEPENDENT EXAMINER

Ian Johnston 12 Gobbins Road Islandmagee BT40 3SR

BANKERS

Danske Bank Limited Donegall Square West BT1 5GB

2

TRUSTEES ANNUAL REPORT (cont’d)

ISLANDMAGEE PRESBYTERIAN CHURCH-CHARITABLE PURPOSES, BENEFITS,ACTIVITIES & ACHIEVEMENTS

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 through Islandmagee Presbyterian Church and its members. Public access is made known with noticeboards, printed material, press advertisement, websites, and social media. 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 our Minister and two members of staff who receive benefits because 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, and the community in which pastoral services are provided.

Throughout the year the charity trustees have complied with their duty to have due regard to the commission’s public benefit guidance when exercising their powers and duties.

Islandmagee Presbyterian Church held weekly services of worship. These, and all that follows, are open to anyone of appropriate age and/or gender to access, without regard to whether they are members of our congregation. Through prayer, support our members, our own Church, other Christian Churches, the community and leaders in society and government.

ISLANDMAGEE PRESBYTERIAN CHURCH- ACTIVITIES & SESSION REPORT 2023

1st January 2023 was memorable in the life of the congregation as on that date the amalgamation of our previous two congregations was complete. We began the year with our usual celebration of the Lord’s Supper, and at the end of January we had a Celebration and Thanksgiving Service and, of course, we had cake. The administrative tasks involved in bringing two congregations together took longer than would seem desirable, but care had to be taken to comply with data protection regulations. Some of our previous adherents may have failed to give us permission to retain their data, but it is never too late to give permission for your details to be added. While a Property Working Group was set up to consider the needs of the congregation in regards to property and to make a recommendation as to the best way forward, as yet no decisions have been made. No final decision can be made without the permission of those entitled to vote.

A number of elders and others attended various information and training events during the year. These included participation in Adult Safeguarding training, Pastoral Care around gender identity and same sex attraction, Pastoral Care of the Congregation and Child Protection update and training. A new Child Protection Policy was approved.

We were particularly blessed in having trainee Deaconess, Cathy Smith, with us until September and were grateful for her support during the time that our minister, Peter, was on Sabbatical. With her help a small Pastoral Care team continued to work on a couple of new initiatives: drawing up a list of members who might need extra support and beginning a prayer ministry through a monthly Drop-in, “Coffee and Chat”, at Islandmagee Community Hall. This group also organised the Bereavement

3

Service held on the afternoon of 26th November which was, once again, well attended by those who appreciated an opportunity to seek Jesus in a dark place in their lives.

Our Youth Worker, Katherine Dickson has had a busy year co-ordinating and running all of our ministries to young people, with the support of a large number of volunteers who give generously of their time. There can never be too many volunteers and there are always vacancies to help with the work of growing Christ’s Kingdom here. These ministries include Kingdom Kids, YPOD, Seedlings, Girls’ Brigade, Boys’ Brigade, Impact Youth Club on a regular basis, not to mention the ‘occasional’ events like Messy Church, Holiday Bible Club, Salt Factory Sports and a number of teen outings. A very successful and enjoyable Holiday Bible Club was held in July. Katherine has also been involved in Scripture Union club in Islandmagee Primary School, and Katherine and Peter have been invited to lead assemblies in local schools on a number of occasions. Once again Bibles were presented to each pupil in P7 in Islandmagee Primary School. The Youth Worker Working Group was pleased to propose that Katherine’s contract should be renewed when the time comes. Session also approved the bringing of the Badminton and Table Tennis club that meets at Lunnon directly under the control of the congregation.

The Presbyterian Women group had a very enjoyable year with a varied programme. It has been encouraging that we have a good sized group of women meeting regularly to learn more about Kingdom work here and overseas, to contribute financially to mission enterprises and to have fellowship together.

As you will see from the Financial Report we have continued to support a number of charitable causes, not least the Presbyterian Children Society, Christian Aid and the World Development Appeal and we thank you for your continued generosity.

In September the Common Ground Initiative was launched. This is a more intentional working together of the congregations of Ballycarry, Islandmagee and Whitehead. There were events for Parent and Toddler groups, women, girls, teenagers, men, and members of the sessions, all of which were greatly appreciated as we got to know our near neighbours better.

Within our own congregation we have continued to support our members pastorally, not least at times of bereavement and of illness. The greatest burden of this falls on our minister, Peter, but he can’t be everywhere at once and his duties are wider than any of us can imagine. Nevertheless please do let your elder know if you have a special need or problem so that you can be visited as appropriate.

Spiritual growth is at the heart of our ministries. In April Andrew Dickson, PCI Council for Congregational Life and Witness, led a training event for session “Envisioning Discipleship” which was both encouraging and stimulating. Session agreed that the focus for 2023/24 should be to provide opportunities for a deepening of our relationship with God, Father, Son and Holy Spirit. This has been the focus of the various Bible Study groups that meet throughout the year and in youth ministry. Literature for use during special times in the year has been made available and commitment to daily Bible reading and prayer has been encouraged. The annual week of prayer was held in September and those who attended were appreciative of the Prayer and Praise services held in the evening of communion services. Session agreed that, as far as is possible, no other church event should be held on the last Tuesday of each month when the congregational Prayer Meeting takes place. While there are many encouragements it would be good to see more people committed to regular corporate prayer for our congregation, community and wider world.

We are, as ever, grateful to those who contribute to our Sunday worship services, providing leadership in praise, prayer and preaching. To Peter we owe a big debt of thanks for his leadership and drive in all our ministries. Above all we give thanks to Almighty God that He is revealing His plans for us week by week. May we have the grace to listen to His voice and to walk the path He has laid out.

4

FINANCIAL REVIEW

Following an amalgamation of First and Second Islandmagee congregation of the Presbyterian Church in Ireland this is the first year that the Islandmagee congregation has prepared accounts as one joint congregation. The congregation’s main source of income is members’ contributions through the Weekly Freewill Offering. There were 169 contributors during the year donating a total of £82,331.

Total income of the congregation during the year was £308,026

Expenditure totalled £192,370

RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS

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 congregations and the financial activities for that year. In preparing the financial statements the Trustees are required to:

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.

5

TRUSTEES ANNUAL REPORT (cont’d)

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 commitments 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 other financial commitments

RISK REVIEW

The trustees are aware of the major financial risks to the charity. 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.

Approved by the Kirk Session at a meeting on Tuesday 18[th] June

and signed on its behalf by

Rev. P. Bovill.

Date: 18[th] June 24

Miss. M. Kane

Date: 18[th] June 24

Independent Examiner

Ian Johnston

Date: 18[th] June 24

6

ISLANDMAGEE PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland

STATEMENT OF FINANCIAL ACTIVITY For the year ended 31 December 2023

Notes
Receipts
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Other
6
Total
Sale of Investments
Sale of Fixed Assets
Loans Received
Total
Total Receipts
Payments
Raising funds
7
Charitable activities
8
Other
9
Total
Purchase of Investments
Purchase of Fixed Assets
Loans Repayments
Total
Total Payments
Net Receipts / (Payments)
Net Transfers between
Funds
Net movement in funds
Total funds brought
forward
Total funds carried
forward
10		 Unrestricted
Funds
£
85,432
0
0
2,637
0
_
88,069
0
0
0
_
0
_
88,069
_
449.5
88,040
0
_
88,489
_
0
0
0
_
0
_
88,489
_
-420
0
-420
0
_
-420
 Restricted
Funds
£
29,045
11204
2588
3,172
173948.6
_
219,957
0
0
0
_
0
_
219,957
_
0
103,880
0
_
103,880
_
0
0
0
_
0
_
103,880
_
116,077
0
116,077
0
__
116,077
 Endowment
Funds
£
0
0
0
0
0
_
0
0
0
0
_
0
_
0
_
0
0
0
_
0
_
0
0
0
_
0
_
0
_
0
0
0
0
_
0
 Total Funds
2023
£
114,477
11204
2588
5,808
173949
_
308,026
0
0
0
_
0
_
308,026
_
449.5
191,920
0
_
192,370
_
0
0
0
_
0
_
192,370
_
115,656
0
115,656
0
__
115,656

7

ISLANDMAGEE PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland

BALANCE SHEET As at 31 December 2023

Notes Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2023
£ £ £ £
Funds Reconciliation
Bank and Cash at start of year 88,231 346,238 0 434,470
-1,201 116,857 0 115,656
Net Movement in funds
_ __ _ __
87030 463095 0 550,126
Bank and Cash at end of year 11
_ __ _ __
Bank and Cash Balances
Bank Deposit Accounts 488,223
Bank Current Accounts 54,664
Sub Total 542,887
Bank Current Accounts
(Organisations) 7,067
Cash in Hand (Organisations) 171
_
550,126
_
Other Assets
Fixed Assets 12
Investments 13
366,164
_
366164
_
ISLANDMAGEE PRESBYTERIAN CHURCH

8

A Congregation of The Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS 31 December 2023

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

Endowment funds are funds, the capital of which must be retained either permanently or at the congregation’s discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.

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.

9

ISLANDMAGEE PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS 31 December 2023

2. DONATIONS AND LEGACIES

Unrestricted Funds
£
F.W.O
82331.00
F.W.O Tax Refund
0
Cash
855.85
BB Use of Hall Donations
266.32
Gift to Deaconess
1000
Donations at Youth Events
529
Christian Literature
450
Youth Worker Donations
0
Youth Worker Gift Aid
0
Wednesday Bible Gift to YW
0
Carol Service Donations
0
Property Donations
0
Property Gift Aid
0
Gift to AV Fund
0
United Appeal Donations
0
United Appeal Gift Aid
0
World Development
0
World Development Gift Aid
0
Moderator's Appeal
0
Moderator's Appeal Gift Aid
0
Presbyterian Children
0
Presbyterian Children Gift Aid
0
Christian Aid
0
_
85,432
 Restricted Funds
£
0
0
0
0
0
0
0
4931
0
100
394.8
3,849.00
0.00
10000
6920
0
1300
0
100
0
1200
0
250
_
29,045
 Endowment Funds
£
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
_
0
 Total Funds 2023
£
82331
0
855.85
266.32
1000
529
450
4931
0
100
394.8
3849
0
10000
6920
0
1300
0
100
0
1200
0
250
_
114,477

10

ISLANDMAGEE PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS 31 December 2023

3. CHARITABLE ACTIVITIES

Organisations
Use of Hall		 Unrestricted Funds
£
0
0
_
0
_		 Restricted Funds
£
9,954
1,250
_
11,204
_		 Endowment Funds
£
0
0
_
0
_		 Total Funds 2023
£
9,954
1,250
_
11,204
_

4. OTHER TRADING ACTIVITIES

----- Start of picture text -----
£ £ £ £
0 0 0 0
Education
0 2,587 0 2587
Authority
_ _ _ _
0 2,587 0 2,587
_ _ _ _
Restricted Funds Total Funds 2023
Unrestricted Funds Endowment Funds
----- End of picture text -----

11

ISLANDMAGEE PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS 31 December 2023

5. INVESTMENT INCOME

Bank Interest
NFU Mutual Interest
Interest on Bequest		 Unrestricted Funds
£
0
1,695.03
941.58
_
2,637
 Restricted Funds
£
1,513.59
0
1,658.16
_
3,172
 Endowment Funds
£
0
0
0
_
0
 Total Funds 2023
£
1513.59
1695.03
2599.74
_
5,808

6. OTHER INCOME

Power NI Rebate Kilocan
Power NI rebate Lunnon
Insurance Proceeds
Income from Amalgamation		 Unrestricted Funds
£
0
0
0
0
_
0
 Restricted Funds
£
600
600
132749
40000
_
173,949
 Endowment Funds
£
0
0
0
0
_
0
 Total Funds 2023
£
600
600
132749
40000
_
173,949

12

ISLANDMAGEE PRESBYTERIAN CHURCH

A Congregation of The Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS 31 December 2023

7. RAISING FUNDS

Printing
Envelopes		 Unrestricted Funds
£
450
_
450
 Restricted Funds
£
0
_
0
 Endowment Funds
£
0
_
0
 Total Funds 2023
£
450
_
450

8. CHARITABLE ACTIVITIES

General Assembly
Assessments
Ministry and support staff
costs
Congregational running
expenses
Donations to missions and
charities
Presbytery Fees
Organisations		 Unrestricted Funds
£
16773
60085
11182
0
0
0
_
88,040
_		 Restricted Funds
£
0
22749
46721
24464
780
9166
_
103,880
_		 Endowment Funds
£
0
0
0
0
0
0
_
0
_		 Total Funds 2023
£
16,773
82,834
57,903
24,464
780
9,166
_
191,920
_

13

ISLANDMAGEE PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS 31 December 2023

9. OTHER EXPENDITURE

Unrestricted Funds
£
0
_
0
 Restricted Funds
£
0
_
0
 Endowment Funds
£
0
_
0
 Total Funds 2023
£
0
_
0

14

ISLANDMAGEE PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2023

10. FUND BALANCES

Unrestricted
Funds
General Fund
Restricted
Funds
Missions and
Charities
Building and
Repair Fund
Youth Worker
Future
property Fund
Miliken
Mission Fund
Sound and
Vision
Restricted
Funds Sub
Total
Organisation
Restricted
Fund
PW
SEEDLINGS
BB
IMPACT
GB
Organisations
Restricted
Funds Total		 Balance
at start
£
88,231
_
88,231
_
7,735
3,827
1,249
309,727
0.00
17,250.00
_
339,787
_ _		 Income
£
88,069
_
88,069
_
10,165
10,088
5,031
174,492
227
10,000
_
210,003
_		 Expenditure
£
89,270
_
89,270
_
16,464
37,012
22,749
8,797
8,000
911
_
93,934
__		 Gains/
(Losses)
£
-1,201
_
-1,201
_
-6,299
-26,924
-17,718
165,695
-7,773
9,089
_
116,069
__		 Transfer
£
-42,754
_
-42,754
_
0.00
25,036
17,718
-54,000
54,000
0.00
_
42,754
__		 Non Cash
Funds
£
0
_
0
_
0
0
0
0
0
0
_
0
_ _		 Non Cash
Funds
£
0
_
0
_
0
0
0
0
0
0
_
0
_ _		 Balance
At end
£
44,277
0
_
44,277
_
1,436
1,939
1,249
421,422
46,227
26,339
_
498,610
_



_
192
754
3494
0
2011
_
6451
_		 3,749
556
2,547
1,200
1,902
_
9,954
_		 3,791
952
2,593
153
1,677
_
9,166
_		 -42
-396
-46
1,047
225
_
788
_		 0
0
0
0
0
_
0
_
0
0
0
0
0
_
0
_ _		 151
357
3,448
1,047
2,236
_
7,239
_

Investments

15

General
Investment
Fund
Investments
Total
Overall
Restricted
Funds Total
Endowments
Property
Investment
Fund
General
Investment
Fund
Investments
Total
TOTAL		 149315
_
149,315
495,553
_
74279
47918
_
122,197
583,785
 0
_
0
219,957
_
0
0
_
0
308,026
 0
_
0
103,100
_
0
0
_
0
192,370
 5597
_
5,597
122,454
_
1233
796
_
2,029
121,253
 0
_
0
42,754
_
0
0
_
0
0
 154912
_
154,912
154,912
_______
75512
48714
_ _
124,226
154,912
 154,912
_
154,912
660,761
_
0
0
_
0
705,038

16

ISLANDMAGEE PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS

31 December 2023

11. Cash in hand and in bank

2023
£
Current Accounts 54664
Deposit accounts 488,223
Sub Total 542,887
Current Accounts
(Organisations)		 7,067
Cash in hand (Organisations) 171
_
550,126
_

12. FIXED ASSETS

The congregation owns two church premises and associated church halls situated at 161 Browns Bay Road, Islandmagee, BT40 3TQ and Lunnon Road, Islandmagee. The church remises at Lunnon Road, Islandmagee has been partially restored following fire damage.

The congregation also owns the manse situated at 65 Low Road, Islandmagee, BT40 3RD

13. INVESTMENTS

General Investment Fund (Centenary
Fund)
Endowments-PCI General Investment
Fund
General Investment
Property Investment
NFU Mutual		 2023
£
154,912
48,714
75,512
87,026
_
366,164
_

17

14. RELATED PARTY TRANSACTION

One of the Trustees, the minister of the congregation, received remuneration of £36,459 and expenses of £7,626 for acting in that capacity. Pension contributions of £8,750 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 in connection with their duties.

During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland, a separate charity.

£8,023 for congregational assessments

There were no other related party transactions.

18