REGISTERED CHARITY NUMBER: 105242
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2022
for First Saintfield Presbyterian Church
R Savage & Company Ltd Accountants & Taxation Consultants Old Bank House 2 Crossgar Road Saintfield Ballynahinch Co. Down BT24 7BD
First Saintfield Presbyterian Church
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
First Saintfield Presbyterian Church
Report of the Trustees for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 105242
Principal address
21 Main Street Saintfield Co. Down BT24 7AA
Trustees
P Jackson D McCallion K Glover I Taylor Mrs L Fleming J N McMordie J A McBriar G MacKenzie K Finlay D W Robinson G S R Massey… deceased 02.03.22 M McBriar
Independent Examiner
R Savage and Co Ltd Institute of Financial Accountants Accountants & Taxation Consultants Old Bank House 2 Crossgar Road Saintfield Ballynahinch Co. Down BT24 7BD Approved by order of the board of trustees on .............31.05.23...................... and signed on its behalf by:
........................................................................ P Jackson - Trustee
Page 1
Independent Examiner's Report to the Trustees of First Saintfield Presbyterian Church
Independent examiner's report to the trustees of First Saintfield Presbyterian Church
I report to the charity trustees on my examination of the accounts of First Saintfield Presbyterian Church (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Financial Accountants which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
AFA MIPA
R Savage and Co Ltd Institute of Financial Accountants Accountants & Taxation Consultants Old Bank House 2 Crossgar Road Saintfield Ballynahinch Co. Down BT24 7BD Date: ..........30.05.23...................
Page 2
First Saintfield Presbyterian Church
Statement of Financial Activities for the Year Ended 31 December 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 116,690 Charitable activities General 2,100 Other trading activities 2 105 Investment income 3 - Total 118,895 EXPENDITURE ON Raising funds 4 - Charitable activities General 94,143 United Appeal - Mission - Total 94,143 NET INCOME/(EXPENDITURE) 24,752 Transfers between funds 10 (603) Net movement in funds 24,149 RECONCILIATION OF FUNDS Total funds brought forward 85,067 TOTAL FUNDS CARRIED FORWARD 109,216 |
Restricted funds £ 160,766 7,655 46,185 5,235 219,841 427,302 75,178 10,414 8,865 521,759 (301,918) 603 (301,315) 832,655 531,340 |
31.12.22 31.12.21 Total Total funds funds £ £ 277,456 237,003 9,755 611 46,290 23,548 5,235 7,856 338,736 269,018 427,302 35,371 169,321 163,564 10,414 11,794 8,865 13,198 615,902 223,927 (277,166) 45,091 - - (277,166) 45,091 917,722 872,631 640,556 917,722 |
|---|---|---|
The notes form part of these financial statements
Page 3
First Saintfield Presbyterian Church
| Balance Sheet 31 December 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 3,651 CURRENT ASSETS Investments 8 - Cash at bank 105,556 105,566 CREDITORS Amounts falling due within one year 9 - NET CURRENT ASSETS 105,566 TOTAL ASSETS LESS CURRENT LIABILITIES 109,216 NET ASSETS 109,216 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 31,535 61,300 438,505 499,805 - 499,805 531,340 531,340 |
31.12.22 Total funds £ 35,186 61,300 544,859 605,371 - 605,371 640,556 640,556 109,216 531,340 640,556 |
31.12.21 Total funds £ 4,196 61,300 852,226 913,526 - 913,526 917,722 917,722 85,067 832,655 917,722 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31.05.23................. and were signed on its behalf by:
............................................. P Jackson - Trustee
The notes form part of these financial statements
Page 4
First Saintfield Presbyterian Church
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 5
continued...
First Saintfield Presbyterian Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
2. OTHER TRADING ACTIVITIES
| Shop income 3. INVESTMENT INCOME Deposit account interest 4. RAISING FUNDS Investment management costs Property repairs |
31.12.22 £ 46,290 31.12.22 £ 5,235 31.12.22 £ 403,506 |
31.12.21 £ 23,548 31.12.21 £ 7,856 31.12.21 £ 29,854 |
|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 142,408 Charitable activities General - Other trading activities 140 Investment income - Total 142,548 EXPENDITURE ON Raising funds 52 Charitable activities General 123,470 United Appeal - Mission - Total 123,522 NET INCOME 19,026 Transfers between funds 7,436 |
Restricted funds £ 94,595 611 23,408 7,856 126,470 35,319 40,094 11,794 13,198 100,405 26,065 (7,436) |
Total funds £ 237,003 611 23,548 7,856 269,018 35,371 163,564 11,794 13,198 223,927 45,091 - |
|---|---|---|
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continued...
First Saintfield Presbyterian Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | - continued | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | funds | funds | |||
| £ | £ | £ | |||
| Net movement in funds | 26,462 | 18,629 | 45,091 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 58,606 | 814,025 | 872,631 | ||
| TOTAL FUNDS CARRIED FORWARD | 85,068 | 832,654 | 917,722 | ||
| 7. | TANGIBLE FIXED ASSETS | ||||
| Fixtures | |||||
| Plant and | and | Computer | |||
| machinery | fittings | equipment | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1 January 2022 | 545 | 1,254 | 2,397 | 4,196 | |
| Additions | 30,990 | - | - | 30,990 | |
| At 31 December 2022 | 31,535 | 1,254 | 2,397 | 35,186 | |
| NET BOOK VALUE | |||||
| At 31 December 2022 | 31,535 | 1,254 | 2,397 | 35,186 | |
| At 31 December 2021 | 545 | 1,254 | 2,397 | 4,196 | |
| 8. | CURRENT ASSET INVESTMENTS | ||||
| 31.12.22 | 31.12.21 | ||||
| £ | £ | ||||
| Other | 61,300 | 61,300 | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.12.22 | 31.12.21 | ||||
| £ | £ | ||||
| Trade creditors | - | - |
continued...
Page 7
First Saintfield Presbyterian Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Renovation Fund United Appeal General Mission Fund Benevolent Fund Bequest Investments Organisational Funds Ukrainian Family Support TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General fund Restricted funds Renovation Fund United Appeal General Mission Fund Benevolent Fund Bequest Investments Organisational Funds Ukrainian Family Support TOTAL FUNDS |
At 1.1.22 £ 85,067 100,307 - 17,117 1,981 81,825 606,827 24,598 - 832,655 917,722 as follows: |
Net movement in funds £ 24,752 (323,321) (1,548) 5,494 (28) (1,360) 5,142 12,914 789 (301,918) (277,166) Incoming resources £ 118,895 93,294 10,040 79,054 262 156 5,142 28,668 3,225 219,841 338,736 |
Transfers between At funds 31.12.22 £ £ (603) 109,216 276,892 53,878 1,548 - 603 23,214 - 1,953 - 80,465 (278,440) 333,529 - 37,512 - 789 603 531,340 - 640,556 Resources Movement expended in funds £ £ (94,143) 24,752 (416,615) (323,321) (11,588) (1,548) (73,560) 5,494 (290) (28) (1,516) (1,360) - 5,142 (15,754) 12,914 (2,436) 789 (521,759) (301,918) (615,902) (277,166) |
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continued...
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First Saintfield Presbyterian Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.1.21 in funds £ £ Unrestricted funds General fund 58,606 19,025 Restricted funds Renovation Fund 28,589 18,577 United Appeal - (166) General Mission Fund 6,374 (1,349) Sickness 408 - Benevolent Fund 1,973 (17) Bequest 99,668 - Investments 634,683 7,695 Organisational Funds 42,330 1,326 814,025 26,066 TOTAL FUNDS 872,631 45,091 Comparative net movement in funds, included in the above are as follows: |
Transfers between funds £ 7,436 53,141 166 12,092 (408) 25 (17,843) (35,551) (19,058) (7,436) - |
At 31.12.21 £ 85,067 100,307 - 17,117 - 1,981 81,825 606,827 24,598 832,655 917,722 |
|---|---|---|
| Unrestricted funds General fund Restricted funds Renovation Fund United Appeal General Mission Fund Benevolent Fund Investments Organisational Funds TOTAL FUNDS |
Incoming resources £ 142,548 58,922 11,628 45,544 108 7,805 2,463 126,470 269,018 |
Resources Movement expended in funds £ £ (123,523) 19,025 (40,345) 18,577 (11,794) (166) (46,893) (1,349) (125) (17) (110) 7,695 (1,137) 1,326 (100,404) 26,066 (223,927) 45,091 |
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continued...
Page 9
First Saintfield Presbyterian Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Renovation Fund United Appeal General Mission Fund Sickness Benevolent Fund Bequest Investments Organisational Funds Ukrainian Family Support TOTAL FUNDS |
At 1.1.21 £ 58,606 28,589 - 6,374 408 1,973 99,668 634,683 42,330 - 814,025 872,631 |
Net movement in funds £ 43,777 (304,744) (1,714) 4,145 - (45) (1,360) 12,837 14,240 789 (275,852) (232,075) |
Transfers between funds £ 6,833 330,033 1,714 12,695 (408) 25 (17,843) (313,991) (19,058) - (6,833) - |
At 31.12.22 £ 109,216 53,878 - 23,214 - 1,953 80,465 333,529 37,512 789 531,340 640,556 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Renovation Fund United Appeal General Mission Fund Benevolent Fund Bequest Investments Organisational Funds Ukrainian Family Support TOTAL FUNDS |
Incoming resources £ 261,443 152,216 21,668 124,598 370 156 12,947 31,131 3,225 346,311 607,754 |
Resources Movement expended in funds £ £ (217,666) 43,777 (456,960) (304,744) (23,382) (1,714) (120,453) 4,145 (415) (45) (1,516) (1,360) (110) 12,837 (16,891) 14,240 (2,436) 789 (622,163) (275,852) (839,829) (232,075) |
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continued...
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First Saintfield Presbyterian Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 11
First Saintfield Presbyterian Church
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Gift aid Subscriptions Exceptional items Other trading activities Shop income Investment income Deposit account interest Charitable activities Grants Total incoming resources EXPENDITURE Raising donations and legacies Organisations activities Other trading activities Purchases Other operating leases Investment management costs Property repairs Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Postage and stationery Sundries Grants to institutions Grants to individuals |
Detailed Statement of Financial Activities for the Year Ended 31 December 2022 31.12.22 31.12.21 £ £ (4) (3) 206,830 198,564 39,164 37,739 2,070 703 29,396 - 277,456 237,003 46,290 23,548 5,235 7,856 9,755 611 338,736 269,018 15,030 1,082 - 52 8,766 4,383 8,766 4,435 403,506 29,854 28,045 61,376 - 3,553 - 6,672 1,863 2,017 8,204 79 27,114 18,868 - 617 14,441 17,463 52,069 29,537 38,041 37,298 169,777 177,480 |
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This page does not form part of the statutory financial statements
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First Saintfield Presbyterian Church
| Support costs Finance Bank charges Information technology Repairs and renewals Human resources Wages Sundries Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
Detailed Statement of Financial Activities for the Year Ended 31 December 2022 31.12.22 31.12.21 £ £ 1,091 579 - 892 14,846 5,207 - 1,710 14,846 6,917 2,886 2,688 615,902 223,927 (277,166) 45,091 |
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This page does not form part of the statutory financial statements
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