an SLOAN STREET LISBURN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2023 Registered Charity in Northern Ireland (NIC105229)
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland an TRUSTEES ANNUAL REPORT (cont'd) The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2023 including a Statement of Assets and Liabilities as at that date. REFERENCE AND ADMINISTRATIVE DEfAILS Sloan Street Lisburn Congregation of the Presbyterian Church in Ireland 2C Sloan Street, Lisburn, Co. Antrim, BT27 SAG Registered Charity in Northern Ireland INIC105229) CHARITY TRUSTEES The Charity Trustees who Served during the year or who were trustees at the date of this report were: Rev Andrew Faulkner Dr Brian Craig Mr Kenneth Irvine Mr Paul Mccarroll Mrjames McDowell Mr Nelson Small Dr Ivan Wiggam Mr Gary Wilson Mr Clifford Morrison Mr Alan Templeton MrGraeme White PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev Andrew Faulkner Dr Brian Craig Mr Paul Mccarroll INDEPENDENT EXAMINER Mccleary & Company, Garvey Studios, 14 Longstone Street, LISBURN, Co. Antrim, BT28 ITP BANKERS Danske Bank, 62- 66 Bow Street, LISBURN, Co. Antrim, BT28 IYS SOLICITORS Donald50n Mcconnell & Company, 8- 10 Graham Garden5. Lisburn, BT28 IXE
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (cont'd) an STRucfuRE AND MANAGEMENT The Kirk Session 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 Presbyterian Church in Ireland, the Kirk Session 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 Congregational Committee the temporal affairs of the congregation including administerin8 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 are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the ministers in active duty in the congregation, has no deliberative but only a casting vote. Stated meetings of the Kirk session are held on the third Monday of January, March, May, September and November. 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. Sloan Street Lisburn congregation of the Presbyterian Church has been assigned to the Dromore PresbY(ery of the Presbyterian Church in Ireland. The membership of the Presbytery consists 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 the congregation.
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (cont'd) an 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, administrative and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship 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 The charitable purpose of the congregation is the advancement of religion. Sloan Street Lisburn congregation of the 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. The Congregation's Vision statement is: Making L7nd Growing Disciples of Jesus Christ. The Congregation aims to live out its Vision and Mission as a family of God's people by being: A Covenant Community: where our relationships are rooted in the promises of God by living faithfully toward him and toward one another An Intergenerational Community: where adults intentionally take the lead to engage with, encourage and nurture younger members to maturity in Christ. An Outward looking Community: where we want the blessings of God that belong to us in the gospel to become blessing5 for others beyond the bound5 of our community. As a congregation of the Presbyterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Lar8er and Shorter Catechisms set out what we understand the Bible teaches on key matters of Christian faith and practice.
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (cont'd) an ACTIVITIES AND OBJECTIVES The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lord's 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 admitted to the Lord's Supper. The congregation holds regular bible study meetings along with small home groups and has a wide range of organisations including: Treasure Seekers and Adventurers Going Deeper Mothers and Toddlers Girl's Brigade Badminton Club B.B. Old Boys Presbyterian Women Mixed Fellowship {Bowlingl Club Boys, Brigade Tuesday Night Kids, Club ACHIEVEMENTS AND PERFORMANCE Worship and prayer The congregation normally meets for worship each Sunday at 11.00am and 6.00pm. During the week the Bible Study provides an opportunity for members to meet for fellowship, to study the scriptures and for a time of prayer. As well as our regular services during the year we acknowledged God's gift of new life at 5 Sacraments of Baptism. We conducted one marriage service and gave thanks for faithful services and sought to comfort those who had been bereaved during the year. At 31 December 2023 there were 211 communicant members and 237 families connected with the Congregation. The average weekly attendance at morning worship is 200 and 60 at evening worship. Pastoral care Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister, elders or by the congregation's pastoral visitors.
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (cont'd) an Mission and Outreach At a local level the congregation support5 a number of members who serve in a range of mission agencies both at home and overseas. Regular updates and prayer requests are provided through the Mission Support Committee and missionaries are given the opportunity to provide personal updates whenever they are home on furlough. In addition to our support for those from within the congregation actively involved in mission at home and overseas, 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 a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and oversea5, assists congregations with the deployment of locally based staff, enables church planting, provides 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. The congregation also contributes to the denomination's annual World Development Appeal, Sunday School project and any other special appeals. Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and 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. Property Remedial repairs to Church property continued to be made when required throughout the year.
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (cont'd) an Organisations Our Sunday Children's programme, Adventurers for ages 3 - 5 and Treasure Seekers for ages 6- 11 moved to an online presence and attracted an average of 20 children in the age range of O -11 where an attractive programme of teaching and learning was provided by our volunteer leaders. Sunday evenings, Going Deeper, a programme specifically aimed at those aged 12- 18, also used the online facility when opportunities to share together and explore their faith and developing their spiritual well-being. A new children's ministry was established in September 2023- Tuesday Night Kids, Club for children of primary school age. This will act as an alternative to The Boys, Brigade and The Girls, Brigade ministry that has existed for over 70 years. 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.
SLOAN STREEf LISBURN a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (cont'd) an 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 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 by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public 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, Irish 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 contact 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.
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (cont'd) an FINANCIAL REVIEW The Congregation's main source of income is members, contributions through the Weekly Freewill Offering. There were 146 contributors during the year (146 in previous year, 2022} donating a total of £165,101 (£152,170 in previous year, 2022). Total Income of the congregation during the year was £445,893 compared to £264,268 in the previous year. Total expenditure decreased from £219,921 to £190,695 STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparing the annual report and the financial statements of the congregation in accordance with applicable law and generally accepted accounting practice. The Trustees are responsible for keeping adequate accounting 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 31 October 2024 and signed on its behalf by Signed Signed Paul Mccarroll Dr Brian Craig 31 October 2024 31 October 2024
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF SLOAN STREET LISBURN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND We report on the accounts for the year ended 31 December 2023 set out on pages eleven to seventeen. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is our responsibility to: examine the accounts under Section 65 of the Charities Act to follow the procedures laid down in the General Directions given by the Charity Commission {under Section 65(9)(b) of the Charities Act); and to state whether particular matters have come to our attention. Basis of the independent examiner's report We have examined your charity 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 under section 65{91{bl of the Charities Act. Our examination included a review of the accounting records kept by the charity and a comparison of the account5 presented with those records. It also included consideration of any unusual items of disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters. Our 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 Act 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.
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF SLOAN STREET LISBURN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND (cont'd) Independent examiner's statement We have completed our examination and have no concerns in respect of the matters (l) to14} listed above and in connection with following the Directions of the Charity Commission for Northern Ireland; we have found no matters that require drawing to your attention. Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP Date: 31 October 2024 10
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland an STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Recei Donations and legacies Charitable activities Other trading activities Investment Income Other 158592 8712 299893 16322 458485 25034 193648 56625 15721 15721 14355 Sale of Investments Sale of fixed assets Loans Received Total Receipts 167304 331936 499240 264628 Pa ments Raising funds Charitable activities Investment costs Other 812 168759 812 218273 812 218425 49514 684 684 684 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 169571 50198 219769 219921 Net receipts / (payments) Transfers between funds (2267) 1154022) 281738 154022 279471 44707 Net movement in funds (156289) 435760 279471 44707 Funds brought forward 248643 226255 474898 430191 Funds carried forward 12 92354 662015 754369 474898 11
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland an STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2023 Total Funds 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 248643 (156289) 226255 435760 474898 279471 430191 44707 Bank and Cash at end of year 92354 662015 754369 474898 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 476823 185192 476823 277546 75352 399546 92354 754369 474898 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Investments - Note 11 Gift Aid receivable on donations 5,132,207 4,744,149 5,132,207 4,744,149 Liabilities Loans Approved by the Kirk Session at a meeting on 31 October 2024 and signed on its behalf by Signed Signed Paul Mccarroll Dr Brian Craig 12
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland an SLOAN STREET LISBURN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is 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. 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 (al income from endowments which is to be expended only on the restricted purposes intended by the donor and Ib) 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. DONATIONS AND LEGACIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 131905 1565 33196 165101 1565 152170 1463 25122 6036 260661 31158 260661 30724 9291 158592 299893 458485 193648 13
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland an NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Income from charitable activities Organisation's Income 8712 13830 2492 22542 2492 56023 3602 8712 16322 25034 56625 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Deposit interest General Investment Fund Rents investment properties Other investment income 14250 1471 14250 1471 14250 105 15721 15721 14355 14
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland an NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Insurance claims Prior Year Bank Transfer RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 FWO envelopes 812 812 812 812 812 812 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Organisation's Expenses Governance costs 23231 772 81423 60813 1200 23231 772 81423 72178 36249 21081 935 75985 53499 62284 11365 35049 3100 3100 1320 3441 1200 1320 168759 49514 218273 218425 15
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland an NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER EXPENDITURE Unrestrirted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Investment properties expenses 684 684 684 684 684 684 10. FIXED ASSETS The congregation owns the Church premises situated at 2C Young Street, Church Halls at 39- 41 Young Street and a Manse located at 23 Clonevin Park, Lisburn and the associated fixtures, fittings, plant and machinery. These have an insurance value of £5,132,207 {£4,774,149 in 2022). 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 General Investment Fund Property Other investments 16
SLOAN STREET LISBURN a Congregation of The Presbyterian Church in Ireland an NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Deficit) Balance at end Unrestricted Funds General Fund 248643 167304 169571 (22671 (154022) 92354 248643 167304 169571 (2267} (1540221 92354 Restricted Funds Property Fund Student Bursary Music Fund Organisations, Funds Mission Society Appeals Dorothy Martin Bequest Myrtle Patterson Bequest Bequests 116117 1708 10630 8669 11110 2669 48007 27345 32811 11393 1708 5012 3100 14115 14870 21418 (17081 {1612) 1608} 6556 {4440) 1128 343 260661 281738 137535 3400 2492 20671 10430 1128 343 260661 331936 9018 7711 17666 1774 49135 27688 411488 662015 {3501 3545 150827 154022 226255 50198 Endowment Funds Total 474898 499240 219769 279471 754369 17