Donacloney Congregation of the Presbyterian Church in Ireland ststement of Congregational Committee's responsibilities for the Financial Statements The purpose of this statement is to distinguish the Congregational Committee's responsibilities for the accounts from those of the independent examiners as stated in their report. The Code pemiits the Congregational Committee to ppare accounts for each financial year which give a true and fair view of the congregation's financial artivities during the year and of its financial position at the end of the year. In preparing the financial statements the congregational committee should follow best practice and: select suitable accounting policie5 and apply them consistently; make judgements and estimates that are asonable and prudent. follow the recommendations of the accounting professional with regard to the form and content of the finanaal statements, or to disclose and explain any departures therefrom; and prepare financial statements on the going concem basis, unless it is inappropriate to assume that the congregation will be able to continue to meet its obligations. The congregational committee are responsible for keeping proper accounting records of all the congregational transactions which disclose with reasonable accuracy the financial position of the congregation and which enable them to ensure that the financial statements comply with the disclosure regulations. They are also responsible for safeguarding the congregational assets, and hence for taking reasonable steps for the prevention and detection of fraud, error and other irregularities. Mr Ian Wi liams Signed on behalf of the Congregational Committee. 21 07. 23 Date Pag8 10
Donacloney Congregatlon of the PreSbYten Church in Ireland ststement of Financial Activities (incorporating the Income and Expenditure Account) for the year ended 31 December 2022 2022 2021 Total Income from: Regular Direct Giving Donations and Legacies Other Trading Artivltles Investment Income Other Income Sour5 84,576 835 51,397 4,611 2,108 405 135.973 5,446 2,108 405 123,230 7.136 968 345 Total Income 85.411 61,921 147,332 135,484 Expenditure on: Charitable Artivities: Centr31 Church Assessments Ministry and Support Staff Ltfe and Work Governan Property and Eouipment Grants to Missions and Charities 15,838 46,900 731 1,530 14,618 216 15,838 47.475 12,578 1,888 96,572 15,286 45,139 5,414 1,692 10,936 575 11,847 358 81,954 Total Expenditure 79.833 111.649 191.482 95.441 Net Income / (Expenditure) for the Year 5.578 (49.728) (44,150) 40,043 Transfers &7 (1.278) 1.278 Other recognised gains / (l¢)sses): Gains on revaluatlon of flxed assets 269,149 269,149 170,888 Net Income before other recognised gains or losses 4.300 220.699 224.999 210.931 Net movement in Funds 4,300 220,699 224,999 210,931 Reconciliation of Funds Fund Balances Brought Forward fp7 23,456 3,745,338 3,768,794 3,557,863 Fund Balances Carried Forward 6-7 27 756 3 966 037 3 993 793 3 768 794 All income derives from continuing activities, therefore no statement of recognised gains or losses Is given. The notes on pages 13 to 16 forni an integral part of these financial statements. PaJe11
Donadoney Congregation of the Presbyterian Church in Ireland Balan Sheet as at 31 December 2022 Notes 2022 2021 Flxed assets Tangible Flxed 3,857,794 3,588,645 Current assets Cash at bank & in hand 135 999 135,999 180 149 180,149 Net Current Assets 135,999 180,149 3 993 793 3 768 794 Funds Unrestricted Funds Restricted Funds Restrirted Capital Funds 27,756 108.243 3.857.794 23,456 156.693 3,588,645 3 993 793 3 768 794 For the year ended 31 December 2022 the charity was entitled to exemption from audit under section 65 of the Charities Act (Northern Ireland) 2008. Trustees. respon5ibilitie5: The members have not required the charity to obtain an audit of its accounts ft)r the year in question in accordance with settion 65: and The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements were approved by the Trustees and signed on their behalf: Mr Ian Trustee Date The notes on pages 13 to 16 form an integral part of these financial statements. Page 12
Donacloney Congregation of the Presbyterian Church in Ireland Notss to the Financial Ststements for the year ended 31 December 2022 l. Accounting Policles The principal accounting policies adopted, judgements and key sources of estimation uncertalnty in the preparation of the financial statements a as follows: a) Basis of Preparatlon The financial statements have been prepared in accordance wtth Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chartties preparing thelr accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (effective l January 2019) and the Charities SORP (FRS 102). the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102). Donacloney Presbyterian Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. b) Preparatlon of the accounts on a going concern basls Donacloney Presbyterian Church has prepared the accounts on a going concem basis. The balance sheet 15 strong with strong continued support by the members. c) Income Income is recognised when the charity has entitlement to the funds, conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from govemment and other grdnts, whether'capital. grants or 'revenue' grants, is recognised when the charity has entitlement to the fijnds, any perfomian conditions attached to the grants have been met. it is probable that the income will be received and the amount can be measured reliably and is not deferred. d) Donated servlces and facilities In accordance with the Charities SORP (FRS 102). the generdl volunteer time of the Charivs volunteers is not recognised financially in the Statement of Financial Attivities. e) Interest receivable Interest on funds held on deposit is included when CeIVable and the amount can be measured reliably by the charity; this is nom)ally upon notification of the interest paid or payable by the Bank. f) Pund Accounting Unrestricted funds are available for use at the discretion of the COnggatiOnal Committee in furtherance of the objectives of the charity. Designated ndS comprise unrestricted funds that have been set aside by the Congregational Committee for particular purposes. General funds may be transferred to designated funds Whe the Congregational ComTnittee wish to use these funds for a specific purpose. Suth funds may be transferred back to general funds once the criteria for the designation have been met or are no longer applicable. Restricted funds are subjected to restrictlons on their expenditure imposed by the donor or through the tems of the appeal. P•Je 13
Donacloney Congregation of the Presbyterian Church In Ireland Notes to the Financial Statements for the year ended 31 December 2022 l. Accountlng Pollcles ctd... g) Expendlture and Irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure 15 cla55ified under the following activity headings: Expenditure on charitable activities includes the costs of central church assessments, ministry and support staff, core team and organi5ations expertdltu. church running costs and administration, donations and other support Servi to further the purposes of the charity and their associated support Costs. The church is not gIStered for VAT purpose5. therefore irrecoverable VAT is charged to the Statement of Financial Activities. or capitalised as part of the cost of the related asset, where appropriate. h) Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, human resources, payroll and governance costs which support the charity's acbvities. These costs have been allocated against the expenditure on charitable activities. i) Operating leases The church has no operating leases. j) Tanglble flxed assets and deprecTation Donacloney Presbyterian Church list the Insuran neal value of the fixed asset items. k) Cash at bank and in hand Cash at bank and cash in hand include5 cash and short term highly liquid investments with a short maturÈty of three months or le55 from the date of acquisition or opening of the deposit or similar account. l) Taxation The church is a registered chaiity and the charitable tax exemptions a therefore being claimed to the extent that income andlor gains are applicable and applied to charitable purposes only. These exernptions will remain in place as long as incoTne and expenditure is applied to charitable purposes only. m) Critical accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and a55umptions about the carrying amount of assets and liabilitie5 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. Page 14
Donacloney Congregatlon of the Presbyterlan Church in Ireland Notes to the Financial Statements for the year ended 31 December 2022 2. FIXED ASSETS The congregation owns the Church premises situated at 56 Moygannon Road, Donacloney and the assooated fixtures, fitbngsi plant and machinery. The Arthur J Gallagher latest renewal on 31 October 2022 determined the Insuran values as follow5: Church Building and contents £2,291,552 Manse £491,027 Church Halls and contents £1.039,464 Youth centre and contents £35,751 3. EMPLOYEES Employment Costs 2022 2021 Wages and Salaries Social Security Costs 35,180 34.444 Number of Employees The average number of employees, induding the minister of the congregation, during the year was-. 2022 2021 There were no employees in reipt of employee benefits in excess of £60,000. 4. PENSION cosrs The minister of the congregation is a member of the p$byterian Church in Ireland Pension Scheme (2009). This is a scheme opeFZted by the Presbyterian Church in Ireland, a separate regISted charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employerfs pension contribution for the Scheme and based on the stipend paid to the rninister. 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 nd managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme Is sufficiently fvnded to meet current and future obligations. A fomial schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 Dember 2015 contributions of 240h of pensionable salaries to cover the accrual of benefits for future servi, expenses, the cost of insuring death in service benefits and funding the scheme deficit. The contributions made by the congregation during the year were: 2022 2021 Contributions 8,021 7,844 Page 15
Donacloney Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements for the year ended 31 December 2022 5. RELATED PARTY TRANSAcfIoNS One of the Trustees, the minister of the congregation received remuneration of £33,420 and expenses of £6,382 for acting in that capacity. Pension contribution of £8.021 was 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. no trustees claimed expenses 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: £15,838 for congregational assessments £6,582 towards the United Appeal £1,312 towards the World Development Appeal. There were no other related party transactions. 6. UNREsfRicfED FUNDS - MOVEMENTS IN THE YEAR Balance at Incoming Amounts 111/22 Funds Expended Transfers Balance at 31112122 General Fund 23.456 85,411 (79,833) (1,278) 27,756 7. RESTRIcfED FUNDS - MOVEMEKfs IN THE YEAR Balance at Incoming Amounts Balance at 31112122 1/1122 Funds Expended Transfers Property Fund Mission Fund Organisations 144,511 (7,215) 32.098 (82,215) 17.926 {17,415) 94,394 (6,704) Total Restricted Funds 156,693 61,921 {111.651) 1,278 108,243 Balance at Incoming Amounts 111122 Funds Expended Transfers Revaluation Gain Balance at 31112122 Capitsl Fund 3,588,645 269,149 3,857.794 Pagè 16
The following pages do not fom part of the statutory financial statements which are the subjert of the independent examinerfs report on pages 8 and 9. Pw17
Donacloney Congregation of the Presbyterian Church in Ireland Detailed Statement of Financial Activities for the year ended 31 December 2022 INCOMING RESOURCES Unrestrirted Nol Restrlcted Property Mission Organlsations Total Regular Direct Glvlng Recorded Giving Gift Ald Received on Recorded Giving Loose Collections Gift Days/Special Collections/Donation5 Gift Aid Received on Occasional Gift5 stipend and Gift Aid for Stipend Total Regular Direct Giving 69.379 10.934 2,891 11,920 11,384 3.862 2,346 92,683 17,142 2,891 21,316 1,626 315 6 817 135 973 11,496 3,003 569 6,817 1,057 315 27 278 17 302 Donations and Legades Gifts Total Donatlons and Legaci¢s 835 835 624 624 542 542 other Tradlng Activities Sale of uniforms etc Weddings, funerals, etc Total Actlvltles that Generate Income 928 200 928 980 980 Investment Income Bank and Building Soaety Interest Total Investment Income 395 395 io io 405 405 other Income Sources Grants Received Total Other Income Sources TOTAL INCOMENG RESOURCES 85,411 32,098 17,926 11,897 147,332 RESOURCES EXPENDED Restrlcted unrestricted Property Mission Organisations Total Nol Central Church Assessments Central Ministry Fund PCI Pension Scheme Widows of Ministers Fund Incidental Fund Prolonged Disability Fund Ministerial Development Fund Sick Supply Fund Assembly Buildings Extemal Work Students Bursary Fund ApprentIShIp Levy Total Central Church Assessments 2,495 8,021 519 1,923 415 239 31 2,495 8,021 519 1,923 415 239 31 1,040 988 167 167 Paje 18
Donacloney Congregatlon of the Presbyterian Church in Ireland Detailed Statement of Flnancial Activities for the year ended 31 December 2022 RESOURCES EXPENDED ctd... Unrestricted Nol Restrlcted Property Mlssion Oryanisations Total Mlnlstry and Support staff Minister Minister's Stipend Ministerfs Expenses Total Minlster 33.420 33,420 39,802 39,802 other Ministry and Support Staff Other Ministry and Support staff National Insurance Pulpit Supplies and Guest Speakers Total Other Ministry and Support staff 1.760 4,473 865 7,098 1.760 4,473 575 575 7,673 Total Mlnlstry and Support staff 575 Lrfe and Work Worshlp and Fellowship Music Photocopying kncence Total Worship and Fellowship 653 653 653 653 Discipleship and Ministry Wider World Magazine Total Dlsclpleship and Ministry 78 78 78 78 Mission and Outreach Coffee Mornlng costs Tuesday Fellowship Church Summer Outreach Youth Fellowship Boys, Brigade Girls, Brigade PW - Ladies Group Support for Stuart McKimm Sunday School Total Mission and Outreath 636 500 333 165 3,465 4.981 1,131 636 500 333 165 3.465 4,981 1,131 500 136 11,847 500 136 11.347 500 Totsl Life and Work 731 500 Governance Independent Examiner/Audit Fees Bank Interest and Charges Presbytery Fees Total Governance 900 900 358 630 261 97 630 261 97 Page 19
Donacloney Congregation of the Presbyterian Church in Ireland Detailed Statement of Financial Actlvities for the year ended 31 December 2022 RESOURCES EXPENDED ctd... Nol Property Misslon Oryanisatlons Totsl Property and Equipment utllltles Advertising & Stationery Light & Heat Sundries Water Charges Total Utilities 905 6,821 529 397 8.652 905 6,821 529 397 8,652 Repairs and maintenance Asbestos Survey Fire DeTence Church l Manse Boiler Servi Piano Tuning Graveyard Upkeep Hedgecutknng Manse Doors Repairs Alexander Grave Repairs Architect Church and Hall Repairs WoTk ABC Building Control Conn & Fenton Solictors Manse Land Fees for Manse Land Totsl Repairs and Maintenance 1,080 1.261 161 85 123 240 li 2,136 3,976 71,616 510 250 476 29 1,080 1,261 161 85 123 240 li 2,136 3,976 71,616 sio 250 476 29 Insurances Insuran Total Insurances 5,966 5,966 Totsl Property and Equipment P¥20
Donadoney Congregatlon of the Presbyterian Church In Ireland Detalled Ststement of Financial Activities for the year ended 31 December 2022 RESOURCES EXPENDED ctd... Nol Property Mlsslon Organisatlons Total Grants to Misslons and Charities United Appeal United Appeal Total United Appeal 6,582 6,582 Other Schemes Presbyterian Orphan & Chiklrens Society L.E.M.O.S. World Development Appeal Total Other Schemes 624 624 216 1,312 2,152 216 1,312 1.936 216 Other Mlsslons and Charitles Ukraine Appeal London Cty Mission Belfast Cty Mission Seamen's Christian Friend Society Messiani¢ Mission Slavic Gospel Mission Revival Movement sociation Good News for Everyone Faith Mission Mission Africa New Tribes Mission Asia Link Wycliffe Bible Translators David Gordon Memorial Hospital Totsl Other Misslons & Charities 1897 500 500 500 500 500 500 500 500 500 500 500 500 500 8.397 1,897 500 500 500 500 500 500 500 500 500 500 500 500 500 8,397 Totsl Grants to Mlsslons and Charities 216 TOTAL RESOURCES EXPENDED 79.833 81215 17A15 12.019 191h82 PwJg 21