an Greenwell Street Presbyterian Church a congregation of the Presbyterian Church in Ireland Trustees Annual Report and Financial Statements for the year ended 31 December 2022 Registered with the Charlty Commission for Northern Ireland 105225
an GREENWELL STREET PRESBYfERIAN CHURCH Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2022 including a Balance Sheet as at that date. REFERENCE AND ADMINISTRATIVE DEfAILS Greenwell Street congregation of the Presbyterian Church in Ireland Greenwell Street, Newtownards, BT23 7LP Registered Charity in Northern Ireland 105225 CHARITY TRusfEES The Charlty Trustees who served during the year or who were trustees at the date of this report were Rev. Norman McAuley ProfessorAlastairSamuel Adair Mr. Wilbert Edward Bingham Mr. Willlam Buchanan Mr. Stanley James Carlisle Mr. Davld Crozier Mr. David Erwin Mr. Mark Ferguson Mr. David Frederick Francis Mr. Andrew Galbraith Mr. Adam Mccormick Mr. Robert Mccormick Mr. Glenn McKenzie Mr. Robert Miskimmln Mr. Ronald Morrow Mr. Paul Nixon Mr. Paul Ritchie Mr. Alan Russell Mr. Peter Rodney Sterrltt Mr. David Surgenor Mr. Robert Stephen Wallace PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev. Nonnan McAuley Mr. David Francis Mr. lan Clegg
an GREENWELL STREET PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (convd) INDEPENDENT EXAMINER UHY HACKER YOUNG FITCH LIMITED 27- 29 Gordon Street. Belfast. BTI 2LG BANKERS Danske Bank 35 High Street Newtownards BT23 7HS STRUCTURE AND MANAGEMENT The Klrk Sesslon The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's governing document, The Code, the book of the constitution and government of the Presbyterlan Church in Ireland, the Kirk Sesslon 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 has delegated to its Congregatlonal Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk 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 a entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the ministers in attive duty in the congregation, has no deliberative but only a casting vote. Stated meetlngs of the Kirk session are held monthly or as appropriate.
an GREENWELL STREET PRESBYTERIAN CHURCH a Congregation of The Presbyterian Churth In Ireland TRUSTEES ANNUAL REPORT {conVd) To be chosen for the office of the eldership 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 those who vote. Presbytery Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Greenwell Street Presbyterian Church has been assigned to the Ards Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery conslsts 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 authorlty, In dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worshlp and to conduct its business. At the end of business it is dissolved. The membership 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. DESCRIPTION AND PURPOSE Greenwell Street Presbyterian Church is a congregation 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 exists 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 fulfilling God's mission to our world. Under God, the Aim of Greenwell Street Presbyterian Church and all its agencies is Yo promote the worship of God, and build o congregation of believers in the Lord Jesus Christ."
an GREENWELL STREET PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (convd) Through." Inviting people to join us, Biblicol Preaching, Christian Education and Proyer, Encouraging believers to live their potential in Christ, Seeking to be salt ond light in Society, fulfilling The Greot Commission, . ACTIVITIES AND OBJECTIVES The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is observed on several occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admltted to the Lord's Supper. The congregation holds regular bible study meetings and has a wide range of organisations including. Sunday School- Morning & Afternoon Badmlnton Club Bowling Club Boys, Brigade Chat & Hobby Huddle Choir Friendship Hour Girls, Brigade Junior Christian Fellowship Mainly 4 Men Mums and Tots Presbyterian Women Rendezvous Women's Meeting Youth Club ACHIEVEMENTS AND PERFORMANCE Worshlp and prayer The congregation normally meets for worship each Sunday at 11.00am and 7.00pm. During the week the Bible Study provides an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer. Pastoral care Members of the congregation who are unable to attend church due to slckness or age are visited on a regular basis by the minister, elders or by one of the congregation's pastoral visitors.
an GREENWELL STREET PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (convd) Mission and outreach At a local level the congregation's local mission and outreach purpose is to. Promote missionary outreach within the congregation. Keep the congregation informed by means of o 'missions' sloy. Encourage the congregation to prayfor ond support our missionaries. Organise Missionary speakersfor one Tuesday evening per month and one full weekend eoch 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 denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church plantin& provldes grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church's training college for ministry students, and financially supports congregation in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. Presbytery 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. This year the General Assembly was held online. Organizatlons, There are a wide range of organisations meeting throughout the year providing fellowshlp and purposeful activities for all ages. 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.
an GREENWELL STREET PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (convd) PUBLIC BENEFIT STATEMENT 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 Confe551on of Falth 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 prattical expressions of Christian beliets 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 by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitsted by central resources in almost all cases. Publlc access is made known through the use of noticeboards, printed material, press advertisement, websites, and social media or In other ways. 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 Ministers, Missionaries, Deaconesses, Irlsh Mission workers and Lay Agents who receive benefits as a result 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, other individuals that the Presbyterian Church in Ireland is in direct and indirect contatt 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.
an GREENWELL STREET PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (convd) FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering. FWO donations received for general fund 2022 £171,532 (2021 £163,170) an increase of 5.1%. Total income during the year was £370,322 compared to £329,703 in the previous year. Total expenditure during the year was £333,634 compared to £279,274 in the previous year, RESPONSIBIUTIES IN RESPECT OF THE FINANCIAL STATEMENTS The Trustees are responsible for preparing the Annual Report and the financlal statements in accordance with applicable law and United Kingdom Generally Accepted Accountlng 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 activitles for that year. In preparing the financial statements the Trustees are required to; select sultable 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 any time the financial position of the congregations and enable them to ensure that the financial staternents comply with 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 detectlon of fraud and other irregularities. GOING CONCERN The activitie5 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 subjett to the continuing support from members to fund on an ongoing basis the congregation's current activities and other financial commitments.
an GREENWELL STREET PRESBYfERIAN CHURCH a Congregation of The Presbyterian Churth In Ireland TRUSTEES ANNUAL REPORT {conVd) RESERVES POLICY The Trustees have considered the level of unrestricted reserves that it is appropriate to hold taking account of current and ongoing commitments. It is the policy of the Church to hold at least three month's normal expenditure. At the year-end unrestricted net current assets (excluding interest free loans) were £81,684 which is greater than three months. Funding of its present activities is dependent on the ongoing financial support of members. RISK REVIEW A review of major risks has been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing flnanclal support from members. These rlsks are mitlgated 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 and signed on its behalf by Rev. N. McAuley {Minister) Mr. D. Francis (Clerk) 28 May 2023 28 May 2023
Hacker Young Fitch Chartered Accountants GREENWELL STREEf CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND BELFAST Gordon Sireet Mew5 27-29 Gordon Street Belfast BT? 2LG INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31°, DECEMBER 2022 Phone +44 28 9032 2047 Email bdfast uhy-uk.com Web www.uty.uk.£onvbellast Independent examlner's report to the Trustees of Greenwell Street Congregation of the Presbyterlan Church In Ireland LONt)ON 222 The Quèdraiigle Carnbrldge Square LoThJon W2 2P1 I report on the flnancial Statements of the charltyforthe year ended 31st December 2022 whlch are set out on pa£e$ 10 to 25. PhLY +44 20 7305 7489 Web ww.uhy-uk.comlwestminsler Respectlve responslbllltles of charlty Trnstees and examlnor As the chorlty'5 Trustees you are responsible for the preparatlon of the financial statements In accordance wlth the Charitles Act INorthem Irelandl 2008. It Is my respon5ibllity to: examlne the financlal ststements under sectlon 65 of the Charitle5 Art: follow the procedures lald down In the general Dlrectlons 8fven by the Charlty Commlsslon for Northern Ireland undèr sectlon 65191Ibl of the Act,. and state whether partlcular matters have come to my attentlon. Basls of Independent examlner's report I have exarnined your thafity flnarKSal statements as required under sertn 65 of the Charitie5 Act and my examÈnètlon was carrled out In ccordance wlth the 8eneral Directlons 6iven by the Charlty Commisslon for Northern Ireland under section 651911bl of the Charlties Act, My examlnatlon included a rev6ew of the accounting rÈcofds kept by the charity and a comparlson of the accounts presented with those records. It also included conslderatlon of any unusual Items of disc105ure5 in the financial ststements, and seekin8 explanatlons from you as charltv Trustee5 concernlng any such matters. My role is to stste whether any mèterfal matters hm come to my attentlon g4ln8 me cause to beneve: that accountlng records were not kept In ?¢cordance wlth sectlon 63 of the Charrtle$ Act: 121 that the flnanclal statements do not accord with those accountlng records- 131 that the financlal statements do not comply with the accounting requirements of the Charltles Act,. 141 that there Is further Information needed for a proper understanding of the flnanclal statements to be reached. Independtni examlnei's ststement I have completed my examlnatlon and have no concem5 in respect of matters111 to14) Ilsted above and, In ¢onne¢tlon wlth followlng the Directions of the Charity Commlssion for Northern Ireland. I have fcNJnd no matters that requlre drawlng to your attentlon This report is made solety to the charity's Trustees, as a body, in accordance with sertton 651311al of the Charltles Act (Northern Ireland) 2008 and regulations rnade under sectlort 66 of that Act. My work ha5 been undertaken so that I mb8ht state to the charity's TfilStee5 tIse matters I am requlred to state to them in an Independent examiner's report and for no other purpose. To the frjllest extent permitted by law, I do not accept or assume respon51bllity to anyone other than the charity and the charws Trustees as a bodyi for my work or for thls report, Signed., Dated: 28th May 2023 Mlchael Fltch FCA Chartefed kcourrtants Ireland Gordon Street Mews 27-29 Gordon Street Belfast UHY Fia¢iei YouThJ Fll(h irthj nanol UHYILYter Yoww FrtthlwM81 8T1 2LG UHY Fthckeryovry Fllth IM518151. A ltst ol tTs. and Iheir L%adlefr ai ure45ed01lkn ai lIaIN ath5& Rwpred io ra¢ry th)audll iocarrytyiAe51fiwiRthSSty ¢1 OCAII. Chartwed Nrttyniants Iand 15 ryramg fla01 Ol UHY Hacker yng Gr*0[ UK HLIp'¥ Yoth pfDsixf CHARTERED eCOUN7APITS IPELAND N PEOPLE
an GREENWELLSTREEf PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2022 11 11 31 BR Income and Endowments from: Donations and legacies Charitable activities Investments Other 206,016 929 297 230 135,517 27,311 22 341,533 28,240 319 230 311,471 18,001 215 16 Total 207,472 162,850 370,322 329,703 Expendlture on: Raising funds Charitable activities 1,522 230,243 1,522 333,634 1,451 277,823 103,391 Total 231,765 103,391 335,156 279,274 Net Income / (expenditure) (24,293) 59,459 35,166 50,429 Transfers between funds 26,405 126,405) Net movement In funds Reconciliation of funds: Total funds brought forward 2,112 33,054 35,166 50,429 1,502,636 65,996 1,568,632 1,518,203 Total funds carried forward 1,504,748 99,050 1,603,798 1,568,632 10
an GREENWELL STREET PRESBYTERIAN CHURCH a Congregation of The Presbyterlan Church In Ireland BALANCE SHEET As at 31 December 2022 15 8% BE Flxed assets: Tangible assets 10 1,423,064 1,423,064 1,423,800 Total fixed assets 1,423,064 1,423,064 1,423,800 Current assets Debtors 11 13,753 4,235 97,775 17,988 170,179 20,194 128,474 Cash at bank and in hand 12 72,404 Total current assets 86,157 102,010 188,167 148,668 Llabllltle$: Creditors: Amounts falling due within one year 13 (4,473) 12,960) (7,433) (3,836} Net current assets or Ilabilities 81,684 99,050 180,734 144,832 Total assets less current Ilabllltles 1,504,748 99,050 1,603,798 1,568,632 Creditors.. Amounts falling due after more than one year Total net assets or liabllltles 1,504,748 99,050 1,603,798 1,568,632 11
an GREENWELL STREET PRESBYfERIAN CHURCH Congregatlon of The Presbyterian Church In Ireland BALANCE SHEET As at 31 December 2022 Funds of the charltv Restricted income funds 14 99,050 1,504,748 65,996 1,502,636 Unrestricted funds 14 Total charlty funds 1,603,798 1,568,632 Approved by the Klrk Sesslon and slgned on its behalf by Rev. N. McAuley (Minister) Mr. D. Francis {Clerk) 28 May 2023 28 May 2023 12
an GREENWELL STREET PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2022 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 Financlal Reporting Standard applicable in the UK and Ireland {FRS102} (effective l January 2015). The flnancial 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 thelr affiliatlon 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 15 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, 13
an GREENWELL STREET PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES(conVd) INCOMING RESOURCES (i) Recognitlon of incoming resources These are included in the Statement of Financial Activities (SOFA) when: the congregation becomes entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliably. (li) Incoming resources wlth related expendlture Where incoming resources have related expenditure (as with fundralslng income) the Sncoming resources and related expenditure are reported gross in the SOFA. (111) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. (Iv) Tax reclalms on donations and glfts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (v) Contractual Income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. (vi) Glfts In kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. 14
an GREENWELL STREET PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 310ecember 2022 ACCOUNTING POUCIES (convd) (vll) Donated services and facilities These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. (viil) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. (Ix) Investment Income This is incSuded in the accounts when re1Vable. EXPENDITURE AND LIABIUTIES (x) Llablllty recognitlon Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. (xl) Governance costs These are shown within charltable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. (xll) Grants with performance condltlons Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. 15
an GREENWELL STREET PREsBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POUCIES Icont'd) (xiil) Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. ASSETS (xlv) Tangible Fixed Assets Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and cost at least £2,500. They are valued at cost or, if gifted, at the value to the charity on receipt. Depreciation is recorded on all tangible fixed assets other than freehold land, at rates calculated to write of the cost, less estimated residual value, of each asset over its expected useful life as follows Buildings: Fixtures, fittings and equipment Motor Vehicles Computers, software and technical equlpment over 50 years - over 10 years over 4 years - over 4 years 16
an GREENWELL STREET PRESBYTERIAN CHURCH a Congregatlon of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2022 DONATIONS AND LEGACIES II IE 31 F Recorded giving: FWO Loose collectlons Donations and gifts Gift Aid Legacies and bequest 171,532 8,930 94,700 1,881 22,367 16,569 266,232 10,811 22,367 42,123 258,417 6,047 6,496 40,011 500 25,554 206,016 135,517 341,533 311,471 CHARITABLE AcfiviTIES Income from charitable activities Organisation income 26,704 26,704 15,046 Contributions and events Grants 929 42 565 971 565 396 2,559 929 27,311 28,240 18,001 17
an GREENWELL STREET PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2022 INVESTMENTS Bank interest 297 22 319 215 297 22 319 215 OTHER INCOME If li Bl 31 Other income 230 230 16 230 230 16 18
an GREENWELL STREET PRESBYfERIAN CHURCH a Congregation of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2022 RAISING FUNDS 11 11 31 11 FWO envelopes 1,522 1,522 1,451 1,522 1,522 1,451 CHARITABLE AcfiviTIES li 11 11 12 General Assembly Assessments Presbytery fees Mlnlstry and support staff cost5 Congregational running expenses Donations to Missions and charities Governance costs 18,626 1,000 139,754 68,993 18,626 1,000 139,754 111,557 15,980 1,000 126,402 69,476 42,564 200 60,827 61,027 63,350 1,670 1,670 1,615 230.243 103,391 333,634 277,823 19
an GREENWELLSTREET PRESBYfERIAN CHURCH a Congregatlon of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 EMPLOYEES Employment Costs Wages and Salaries Social Security Costs Pension contributions 100,919 9,537 16,596 93,996 8,017 15,827 127,052 117,840 Number of Employees The average number of employees, including the minister of the congregation, durlng the year was 2022 2021 Average number of employees There were no employees in receipt of employee benefits in excess of £60,000. 20
an GREENWELL STREET PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2022 PENSION COSTS 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 employerfs pension contribution for the Scheme and based on the stipend paid to the minister. 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 adminlstered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a fundlng plan to ensure the Scheme is sufficiently funded to meet current and future obligatlons. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24% of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of Insurlng death in serrfice benefits and funding the scheme deficit. The contributions made by the congregation during the year were: Total Funds 2022 Total Funds 2021 Contributions 10,219 9,895 21
an GREENWELL STREEf PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2022 10. TANGIBLE FIXED ASSETS Land and Buildings Fixtures and Fittings Vehicles Total Cost or valuatlon At start of year Additions Disposals 1,550,000 63,640 29,562 4,000 1,617,640 29,562 At end of year 1,550,000 93,202 4,000 1,647,202 Depreclation At start of year Depreciation charge Disposals 144,0 24,000 45,840 6,298 4,000 193,840 30,298 At end of year 168,000 52,138 4,000 224,138 Net Book Value At start of year 1,406,000 17,800 1,423,800 At end of year 1,382,000 41,064 1,423,064 11. DEBTORS 2022 9,964 8,024 2021 10,495 9,699 Gift Aid Recoverable Prepayments Other Debtors 17,988 20,194 22
an GREENWELL STREEf PRESBYfERIAN CHURCH a Congregation of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS (convd 31 December 2022 12. CASH AT BANK AND IN HAND 2022 168,445 1,734 2021 126,331 2,143 Bank accounts Cash Sn hand 170, 179 128,474 13. CREDITORS: amount falllng due wlthln one year 2022 2021 1,027 2,809 Other creditors Accruals 7,249 7,433 3,836 23