an ARDGLASS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 ari ARDGLASS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering. Total Income of the congregation during the year was £ 42,013. Total expenditure of the congregation during the year was £ 37,783. STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparing the annual report and the financial 5taternents of the congregation in accordance with applicable law and generally accepted accounting practice. As the congregation's total income does not exceed £250,000, the Trustees have eletted under Section 64{3) of the Charities Act (Northern Ireland) 2008 to prepare a receipts and payment account and a statement of assets and liabilities. The Trustees are responsible for keeping adequate affountrng records that are sufficient to show and explain the congregation's transactions and disclose with reasonable accuracy at any time its financial position. 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. Approved by the Kirk Session at a meeting on............ and signed on it5 behalf by [Datel o lil | 2oL* [Datel ill 11 INDEPENDEMf EXAMINERS REPORTTO THETRUSTEES OF ARDGLASS CONGREGATION OF THE PRESBYfERIAN CHUCH IN IRELAND I report on the accounts of the Ardglass Congregation of the Presbyterian Church in Ireland, which are set out on pages 12 to 18. RESPEcfivE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER. As Trustee5 you are responsible for the preparation of the accounts in accordance with the Charities Act INorthern Ireland) 2008. It is my responsibility to.. -examine the accounts under section 65 of the Charities Act -follow the procedures laid down in the general Direction -state whether particular matters have con to my attention. BASIS OF INDEPENDENT EXAMINERS REPORT. I have examined your accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charities Commission for Northern Ireland. My examination included 3 review of the accounting records kept by the congregation and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations concerning any such matters. My role is to state whether any material matters have come to our attention giving us cause to believe: that accounting records were not kept in accordance with section 63 of the Charities Att that the accounts do not accord with those accounting records that the accounts do not comply with the accounting requirements of the Charities Act that there is further information needed for a proper understanding of the accounts to be reached. INDEPENDENT EXAMINERS STATEMENT I have completed my examination and have no concerns in respett of the matters I to 4 above and, in connection with following the Directions of the Charities Commission for Northern Ireland. we have found no matters that require drawing to your attention. Name: Nom70n Elliott Norman Elliott FCA, Norman Elliott Chartered Accountants. 13 English Street Downpatrick Date 4 November 2024 ARDGLASS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABIUTIES As at 31 December 2023 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 18041 4346 32738 -116 50779 4230 Bank and Cash at end of year 22387 32622 55009 Bank & Cash Balances Bar,k Deposit Accounts Bank Current Accounts Cash in Hand 22387 32622 55009 55009 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings &Equipment Veh icles Investments- Note 11 Gift Aid receivable on donations 1479548 285754 1765302 Liabilities Loans Other 1820311 Approved by the Kirk Session at a meeting on.i.?/..//and signed on. its behalf by [Name [Datel Iilii IzD2?- ARDGLASS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 15686 8937 24623 8789 8789 8601 8601 Sale of Investments Sale of fixed assets Loans Received Total Receipts 24287 17726 42013 Payments Raising funds Charitable activities Investment costs Other 14805 5136 17842 32647 5136 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 19941 17841 37783 Net receipts / (payments) Transfers between funds 4346 -116 4230 Net movement in funds Funds brought forward 18041 32738 50779 Funds carried forward 12 23387 32622 55009 ARDGLASS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation 15 less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUNDACCOUNTING 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. Unrestritted 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. DONATIONS AND LEGACIES Unrestrirted Funds Restricted Funds Endowment Funds Total 2023 Recorded giving". Loose collections Donations and gifts Gift Aid Legacies and bequest 13590 2096 13590 5833 5200 3737 5200 15686 8937 24623 ARDGLASS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Letting of premise5 Trading income 6600 2189 6600 2189 8789 8789 INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Deposit interest General Investment Fund Share Dividends Other investment income 123 925 6952 601 123 925 6952 601 8601 8601 ARDGLASS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Insurance claims Other income RAISING FUNDS Unrestrirted Funds Restricted Endowment Funds Funds Total 2023 FWO envelopes Fundraising events CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 7030 181 1800 1796 3998 7030 181 1800 15897 7738 14101 3740 14805 17841 32646 ARDGLASS CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2023 OTHER EXPENDITURE Unrestrirted Funds Restricted Endowment Funds Funds Total 2023 Investments 5136 5136 5136 5136 FIXED ASSETS The congregation owns the Church premises situated at 31 Kildare Street Ardglass BT30 7TR, and 50 Ballyclander Road Ardglass BT30 7DZ and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,479,548. 10. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 General Investment Fund Property Other investments 44278 241476 285754 ARDGLASS CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2023 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Deficit) Balance at end Unrestricted Funds Nol General Running Account [Name of Fund] 18041 24287 19941 4346 22387 18041 24287 19941 4346 22387 Restricted Funds No2 No3 pw 22554 3740 6444 11800 650 5275 12764 -964 650 198 21590 4390 6642 5077 32738 17725 17841 -116 32622 Endowment Funds Total 50779 42013 37782 4230 55009 10