Donacloney Congregation of the Presbyterian Church in Ireland Statement of Congregational Committee's responsibilities for the Financial Statements The purpose of thls statement Is to distlngulsh the Congregational Committee's responsibilities for the accounts from those of the independent examiners as stated In their report. The Code permits the Congregational Committee to prepare accounts for each flnanclal year which give a true and fair view of the congregation's financial actlvlties during the year and of Its financlal posltlon at the end of the year. In preparlng the financlal statements the congregational committee should follow best practice and: select suitable accounting pollcles and apply them consistently. make Judgements and estimates that are reasonable and prudent; follow the recommendations of the accountlng professional with regard to the form and content of the financlal statements, or to disclose and explain any departures therefrom. and prepare financial statements on the going concern basis, unless It Is inappropriate to assume that the congregation will be able to continue to meet its obligations. The congregatlonal committee are responsible for keeping proper accountlng records of all the congregational transactions whlch dlsclose with reasonable accuracy the financial position of the congregation and which enable them to ensure that the financial statements comply with the disclosure gUlations. They are also responslble for safeguarding the congregational assets, and hence for taking reasonable steps for the prevention and detettion of fraud, error and other irregularities. Mr Ian Wllliams Signed on behalf of the Congregatlonal Committee. Date Page 10
Donacloney Congregatlon of the Presbyterian Church in Ireland Statement of Financial Activities (incorporating the Income and Expenditure Account) for the year ended 31 December 2023 2023 Total 2022 Total Unrestrlcted Restrlcted Income from: Regular Direct Giving Donations and Legacies Other Trading Activities Investment Income Other Income Sources 85,364 46,523 11,426 3,336 272 131,887 11,426 3,336 272 135,973 5,446 2,108 405 Total Income 85.364 61,558 146,922 147,332 Expenditure on: Charltable Artivities: Central Church Assessments Ministry and Support staff Life and Work Governan Property and Equlpment Grants to Missions and CharltSes 16,903 48,377 802 1,872 14,763 217 16,903 48,377 3,772 2.147 51,615 15,838 47,475 12,578 1,888 96,572 2,969 275 36,851 Total Expendlture 82.933 57.818 140,752 191,481 Net Income / (Expendlturel for the Year 2,431 3,739 6,170 (44,149) Transfers fr7 Other recognlsed galns / (losses): Gains on revaluation of flxed assets 76.410 76,410 269,149 Net Income before other renISed galns or losses 2,431 3,739 6,170 225,000 Net movement In Funds 2,431 3,739 6,170 225,000 Reconclllatlon of Funds Fund Balances Brought Forward &7 27.756 3,966,037 3,993,793 3,768,794 Fund Balances Carrled Forward fr7 30 187 3 969 776 3 999 963 3 993 794 All income derives from continuing activities. therefore no statement of recognised gains or losses is glven. The notes on pages 13 to 16 form an Integral part of these financlal ststements. Page 11
Donacloney Congregatlon of the Presbyterlan Church In Ireland Balance Sheet as at 31 December 2023 Notes 2023 2022 Flxed assets Tanglble Fixed Assets 3,934,204 3,857,794 Current assets Cash at bank & in hand 142 168 142,168 135 999 135,999 Net Current Assets 142,168 135,999 Net Assets 4 076 372 3 993 793 Funds Unrestricted Funds Restrltted Funds Restrlcted Capital Funds 30,187 111,982 3,934.204 27,756 108,243 3,857,794 4 076 372 3 993 793 For the year ended 31 December 2022 the charity was entitled to exemption from audit under section 65 of the Charities Act (Northem Ireland) 2008. Trustees, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year In question in accordan with section 65. and The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the pparatIon of accounts. The financial statements were approved by the Trustees and slgned on thelr behalf: Mr anw Trustee Illams ate The notes on pages 13 to 16 form an integral part of these financial statements. Page 12
Donacloney Congregatlon of the Presbyterlan Church in Ireland Notss to the Financial Statements for the year ended 31 December 2023 l. Ac¢ountlng Pollcies The principal accounting policies adopted, judgements and key sources of estimation UnrtaInty in the preparation of the financial ststements are as follows: a) Basls of Preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prattl applicable to charities preparing their accounts In accordan with the Financial Reporting Standard applicable in the UK and Republlc 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 Ilabilities are initially CognISed at historical cost or transaction value unless otherwise state¢J in the relevant accounting poli notes. b) Preparatlon of the accounts on a going conorn basls Donacloney Presbyterian Church has prepared the accounts on a going conrn basis. The balance sheet is 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 grants, whether'capital, grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it Is probable that the income will be recelved and the amount can be measured reliably and is not deferred. d) Donated servlces and facilities In accordance with the Charltles SORP (FRS 102), the general volunteer time of the Charity S volunteers is not recognised financially in the Statement of Financial Activltles. e) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charty; thls Is nornially upon notification of the interest paid or payable by the Bank. f) Fund Accountlng Unrestritted funds are available for use at the discretion of the Congregational Committee in furtherance of the objectives of the charlty. Designated funds comprise unrestricted funds that have been set aside by the COnggatIOnal Committee for partlcular purposes. General funds may be transferred to designated funds where the COnggatIOnal Commlttee wish to use these funds for a specific purpose. Such 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 restrithons on their expenditure imposed by the donor or through the terms of the appeal. Page 13
Donacloney Congregatlon of the Presbyterlan Churth in Ireland Notes to the Flnancial Statements for the year ended 31 December 2023 l. Accountlng Policles ¢td... g) Expenditure and irrecoverable VAT Expenditure is recognlsed onte there Is a legal or constrnttlve obll9atlon to make a payment to a third party, it is probable that settlement wlll be requlred and the amount of the obligation can be measured reliably. Expenditure 15 classlfted under the followlng actlvtty headlngs.. Expendlbjre on charltable artlvltles Indudes the costs of central church assessments, ministry and support staff, core team and oryanlsatlons expendlture. thurch running costs and admlnlstration, donatlons and other support $VIceS to further the purposes of the charity and thelr assoclateo support costs. The thurch Is not registered for VAT purposes. therefore IeCoVerable VAT Is tharged to the Statement of Financial Attivities, or capitalised as part of the cost of the rdated asset, where appropriate. h) Allocatlon of support costs Support costs are those functions that asslstthe work of the charity bLrt do not directly undertake charltable actlvities. Support costs include bad( office costs. finance. human resources, payroll and govemance costs which support the charity's activities. These costs have been allocated against the expendlture on charitable activities. l}Operatlng leases The church has no operating lea5e& j) Tangible fixed assets and deprKiatlon Donacloney Presbyterian Church list the Insurance renewal value of the fixed asset Items. k) Cash at bank and in hand Cash at bank and cash in hand includes cash and short tenn highly liquid investments with a short maturlty of three months or les5 from the date of acquI$IDn or opening of the deposlt or slmllar account. l) Taxatlon The church Is a reglstered charity and the d)aritable tax exemptlons are therefore being darmed to the extent that Income andlor gains are applicable and applled to charttable purposes only. These exemptlons wlll remaln In place as long as Income and expenditure ts applled to charltable purposes only. m) Criti1 a¢countlng ostlmates and Judgements In the applicatlon of the Charlty's accountlng policles, the Trustees are requlred to make judgemerts, estimates and assumptions about the carrylng amount of assets and Ilablllties that are not readily apparent from other sources. The estimates and associated assumptlons are based on historical experience and other fattors that are consldered to be relevant. Attual results may differ from these estimates. Py14
Donacloney Congregation of the Presbyterlan Church In Ireland Notes to the Flnanclal Statements for the year ended 31 December 2023 2. FIXED ASSETS The congregation owns the Church premlses situated at 56 Moygannon Road, Donacloney and the associated fixtures, fittings, plant and machinery. The Arthur J Gallagher latest neWa1 on . Ottober 2023 determined the Insuran values as follows: Church Building and contents £2,463,418 Manse £527,853 Church Halls and contents £904.501 Youth ntre and contents £38 432 3. EMPLOYEES Employment Costs 2023 2022 Wages and Salaries Social Security Costs 35,091 35,180 746 Number of Employees The average number of employees, including the minister of the congregation, during the year was: 2023 2022 The were no employees in receipt of employee benefits in ex$ of £60,000. 4. PENSION cosrs The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Sch (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 the employer's pension contribution for the Scheme and based on the stipend paid to the minist The Presbyterlan Church in Ireland Pension scheme (2009) is a funded Scheme of the defined benefit type, providing defined benefits base(l on career average revalued salary. The Scheme I assets held In a separately administered fund managed by a board of trust. The Presbyteriar Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficient funded to meet cUrnt 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 2011 contributions of 240/0 of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in Servi benefits and funding the scheme deficit. The contributlons made by the congregation during the year were: 2023 2022 Contributions 8.423 8,021 Page 15
Donacloney Congregatlon of the Presbyterian Church in Ireland Notes to the Flnancial 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 attlng in that capacity. Pension contribution of £8,423 was paid by the congregation in respett of the mlnlster 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 connettion 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: £16,903 for congregational assessments £7,531 towards the United Appeal £873 towards the World Development Appeal. There were no other related party transactions. 6. UNRESTiucfED FUNDS - MOVEMENTS IN THE YEAR Balance at Incoming Amounts 111123 Funds Expended TrBnsfers Balance at 31112123 General Fund 27,758 85,364 (82,933) 30,189 7. RESTRICTED FUNDS - MOVEMENTS IN THE YEAR Balan at Incomlng Amounts 111123 Funds Expended Transfers Balance at 31112123 Property Fund Mission Fund Organisations 94,394 (6,704) 40,916 (37,126) 17,869 (19,773) 919 98,184 (8,609) Totsl Restricted Funds 108,243 61,557 (57.819) 111,982 Balance at Incoming Amounts 1/1/23 Funds Expended Transfers Revaluation Gain Balan at 31112/23 Capital Fund 3,857,794 76,410 3,934,204 Page 16
The following pages do not form part of the statutory financial statements which are the subject of the independent examiner's report on pages 8 and 9. Page 17
Donacloney Congregation of the Presbyterian Church in Ireland Detalled Statement of Flnancial Activltles for the year ended 31 December 2023 INCOMING RESOURCES Unrestricted Nol Restricted Property Mlssion Oryanisations Total Regular Direct Giving Recorded Giving Gift Aid Received on Recorded Giving Loose Collettions Gift Days/Special Collettions/Donations Gift Aid Received on Occasional Gifts Stipend and Gift Aid for Stipend Total Regular Dlrert Giving 70,802 10.390 3,358 10862.5 11,065 3589.0 1.776 92,729 15,755 3,358 18,570 1,350 125 2,773 131,887 11429.0 4,368 660 2,773 690 125 85,364 25880.5 17,869 Donations and Legacies Gifts Total Donations and Legacies 11426.0 11426.0 11,426 11,426 Other Trading Activities Sale of uniforms etc Weddings, funerals, etc Total Activities that Generate Income 505.8 2830.0 3335.8 506 2,830 3,336 Investment Income Bank and Building Society Interest Total Investment Income 272.4 272.4 272 272 Other Income Sources Grants Received Total Other Income Sources TOTAL INCOMING RESOURCES 85.364 40916 17,869 2,773 146,922 RESOURCES EXPENDED Restricted Unrestricted Property Mission Organisations Total Nol Central Church Assessments Central Ministry Fund PCT Pension Scheme Widows of Minister5 Fund Incidental Fund Prolonged Disability Fund Ministerial Development Fund Sick Supply Fund Assembly Buildings Extemal Worf( students Bursary Fund Apprenticeship Levy Total Central Church Assessments 2,641 8,423 540 2,160 540 240 24 1.200 960 175 16,903 2,641 8,423 540 2,160 540 240 24 1,200 960 175 16,903 Page 18
Donacloney Congregation of the Presbyterlan Church in Ireland Detailed Ststement of Flnanclal Activities for the year ended 31 December 2023 RESOURCES EXPENDED ctd... Unrestrlcted Nol Restrlcted Property Mlsslon Organlsatlons Mlnlstry and Support Staff Minister Minister's Stlpend Mlnister's Expenses Total Mlnlster 35,091 41.792 other Ministry and Support Stsff Other Ministry and Support Staff National Insurance ER NIC on Ministerial Expenses Organist Pulplt Supplles and Guest Speakers Total Other Mlnlstry and Support stsff 3,656 925 1,760 245 6,586 Total Mlnistry and Support Staff Life and Work Worship and Fellowship Music Photocopylng Licence Total Worshlp and Fellowship 704 704 Dlsclpleshlp and Ministry Wider World Magazine Total Dlsclpleshlp and Mlnlstry 98 98 Mlssion and Outreach Coffee Morning costs Tuesday Fellowship Church Summer Outreach Youth Fellowship Boys, Brigade Girls, Brlgade PW - Ladies Group Support for Stuart McKimm Sunday School Total Mlssion and Outreach 550 400 400 376 543 500 200 2,050 919 Total Llfe and Work 802 919 Governance Independent Examlner/Audlt Fees Bank Interest and Charges Presbytery Fees Total Governance 990 275 882 275 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... Unrestrlcted Nol Restrlcted Property Mlsslon Organisations Property and Equlpment utilities Advertising & Stationery Light & Heat Sundries Water Charges Totsi utilities 995 6,315 706 438 8,454 Repalrs and malntenance Asbestos Survey Fire Defence Church l Manse Boiler Service Piano Tuning & Organ Repair Notice Board Repair Graveyard Upkeep Hedgecutting Manse Doors Repairs Alexander Grave Repairs Architect Church Hall Repairs Work Meeting House Refurbishment Phase11 ABC Building Control Conn & Fenton Solictors Manse Land Fees for Manse Land Total Repairs and Malntenance 467 135 210 750 1.846 2,520 12,126 18,291 476 29 Insurances Insurance Total Insurances 6,308 Total Property and Equlpment
Donacloney Congregation of the Presbyterian Church in Ireland Detailed Statement of Financial Activities for the year ended 31 December 2023 RESOURCES EXPENDED ctd... Unrestricted Nol Restricted Property Mission Organlsations Totsl Grants to Missions and Charlt]es United Appeal Unlted Appeal Total United Appeal 7,531 7,531 7,531 7,531 Other Schemes Presbyterlan Children's Society Lord Enniskillen Memorial Fund Wodd Development Appeal Total Other Schemes 629 629 217 1,138 1.984 217 1,138 1,767 217 other Missions and Charities Turkey Appeal Royal Brttish Legion London City Mission Belfast City Mission Seafarers, Christian Friend Society Messianic Mission Slavic Gospel Mission Revival Movement Association Good News for Everyone Faith Mission Mission Africa New Tribes Mission Asia Link Wycliffe Bible Translators Banbridge High school Mr Philip Dunn (EMF Mr Colin Hylands Iyouth Challenge) Students Bursary Fund Total Other Mlsslons & Charities 875 150 "500 500 500 500 500 500 500 500 500 500 500 500 loo loo loo iioo 8,425 875 150 500 500 500 500 500 500 500 500 500 500 500 500 loo loo loo I,ioo 8,425 Total Grants to Mlssions and Charities 217 17,723 17.940 TOTAL RESOURCES EXPENDED 82,933 37.126 19,773 919 140.752 Page 21