CHARITY REGISTRATION NUMBER.. NIC105263 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Financial Statements 31 December 2022
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Financial Statements Year ended 31 December 2022 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position 10 Notes to the financial statements 11
Page 1 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report Year ended 31 December 2022 The trustees present their report and the unaudited financial ststements of the charity for the year ended 31 Dember 2022. Reference and administrative details Registered charity name Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Charity registration number NIC105263 Principal office 26-34 Main Street Greyabbey Co Down BT22 2NE The trustees Rev N Stewart (Minister) Mr G Angus (Clerk of Session) Mr L Brown Mr J Cranston Mr N Angus Mr M Gracey Mr R Walker Mr N Hamilton Mr A Ryder Mr H Campbell Mr R Mccracken Mr C Muldoon Mr D Thompson Independent examiner Elaine Mulholland on behalf of Johnston Graham Limited 2161218 Holywood Road Belfast BT41PD
Page 2 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report (continued) Year ended 31 December 2022 Structure, governance 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 ofthe constitution and governmentofthe 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 Servi in the local community. The Kirk Sessions has delegated to its Congregational 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 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 4th Tuesday each month. 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 Offi can be either by the congregation or by the Kirk Session. Members are elected if they obtain ¢thirdS of those who vote. Presbytery Under the Presbyterian Church in Ireland form of govemance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs ofthe congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Trinity Greyabbey congregation of the Presbyterian Church has been assigned to the Ards Presbytery 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. 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 authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the firstweek in June forworship 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.
Page 3 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report{continued) Year ended 31 December 2022 Objectives and activities The charitable purpose of the congregation is the advancement of religion. Trinity Greyabbey 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 Spiri( and to enable her members to play their part in fulfilling God's mission to our world. The congregations mission purposes is: A Welcoming, Christ-centred and Spirit-filled Church, Worshipping and Serving God in the Community is increasingly characterised by love for God, and love and conrn for others. is committed to the historic Christian gospel as revealed in the Bible. is relevant to people of this time and place. The congregation aims to live out its Mission and Vision 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 OUard looking Community.. where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bounds 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 Larger and Shorter Catechism set out what we understand the Bible teaches on key matters of Christian faith and practice. The congregation meets in places of 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 and prayer meetings also a wide range of organisations l Ministries including. K4C (Sunday School Trinity Tots (Greyabbey) Polo (Cloughey) Bowling Club (Greyabbey) Bowling Club (Cloughey) BB (Anchor, Junior, Company) Craft Club Girls Brigade (Cloughey) Re- gen (Youth Fellowship Greyabbey) Crew (Youth Fellowship Cloughey) - Wings Women's Ministry
Page 4 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report (continued) Year ended 31 December 2022 Achievements and performance Worship and prayer The congregation normally meets for worship each Sunday at 10am Cloughey 11.30 am Greyabbey. Home Groups provide an opportunity for members to meet together 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 love. We had 4 Sacraments of Baptism. We continually seek to comfort those who had been bereaved during the year. On 31 December 2022 there were 308 communicant members and 282 of families connected with the congregations. The average week attendance at morning worship is 75 Cloughey and 145 Greyabbey . 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 one of the congregation's pastoral visitors Volunteers The Trustees wish to acknowledge our deep appreciation of those who give freely oftheirtime by serving on committees and helping with organisations I ministries. 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 ofthe Lord Jesus Christthrough the advanment of religion. The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliets as set out in the Bible and in the Church's subordinate stsndards (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 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 ntrally. 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 infonnal 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 neSSary 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 ontact 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.
Page 5 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report (continued) Year ended 31 December 2022 KIRK SESSION REPORT It doesn't seem 12 months since the last report, time has really flown, in what, has been a busy and challenging year. We moved from 2 metre restriction to 1 metre and it is great to be back to normal on Sundays, a real blessing to have bibles back in the pews and teas after services for fellowship. The session recognises that some are still finding it difficult to engage and feel safe in large gatherings and we know how important the streaming of services is to these people. It is good to see our halls opened up again since September and all organisations and ministries fulfilling their missions, the session record their thanks to all leaders and volunteers for making this possible. There have been a number of changes to personnel, we thank those who have accepted new roles to serve God and also those who had fulfilled these roles. As session discussed our Trinity Mission Plan the main focus for 2022 was to reconnect with our congregation. The elders benefitted by their day retreat at Helens Bay Presbyterian church hall where our speaker Rev Dr Derek McKelvey ministered through prayer and vision. The session approved an addition to the Ministry team and in September we welcomed Mr Paul Bradley as our full time Assistant minister we have seen how God has been working through him already and look fomard to witnessing his spiritual growth and how God will use him as he works among our congregations. We wish Paul, his wife Rhonda and Children Noah and Beth God's richest blessings. We also recognise the work Mrs Michelle Stewart has and is doing as Cloughey Outreach Worker and session were happy to extend her contract to January 2024. The session acknowledges that 2022 has been difficult for many in our church family whether through illness, change in circuMstanS or the death of a loved one it is our prayer that God may strengthen and uphold them. We thank our mission ministry for organising 'Hope Explored, run in both our locations. It was encouraging to see one of our members Mr David Heron going on a team to Eswatini seeing at first hand the value of the containers which we played a part of. Throughout 2022 we witnessed the building and opening of the Early Learning School in Abura. The session thank our congregations for their financial and prayerful support with these projects. We look forward to a team travelling to Abura in 2023 and seeing at first-hand how God is working through the school. There has been a number of changes during the year, after running a very successful and well supported Holiday Bible Club in both locations it was decided to change the time of K4C in Greyabbey to 10.30am to try and engage with the community children. A Men's gathering was launched early in the year were men meet for worship and discuss their spiritual growth and wellbeing. We held a number of senior traditional services in aftemoons which are appreciated by those who attend. CREW, a Sunday evening youth fellowship ComMend under the direction of our Assistant Minister Paul and it is great to hear it attracts many young people from Cloughey area. A Walking Group was formed to encourage fellowship and exercise among our members
Page 6 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report (continued) Year ended 31 December 2022 We agreed with the suggestion from WinGS committee that Cloughey and Greyabbey should have their own ladies group but are also encouraged to join throughout the year for support and fellowship. 2022 seen a number of 'one offs, the Queens Platinum Jubilee, the 12th July was facilitated by Greyabbey LOL were the church opened their premises for refreshments also Cloughey were involved in Kirkistown Castle 400th celebrations.2022 has been the year when we seriously considered the refurbishment of our church in Greyabbey and we look forward to seeing how this develops in 2023. Mr Walker Bowden during the year stepped down as a working elder and was granted Elder Emeritus, we thank him for the quiet way he carried out his duties as elder over the past 23 years and may he know God's blessings in the years ahead. As session we thank Neil for his spiritual leadership, dedication and drive in serving God and to witness people coming to faith and growing in their knowledge of God. May God continue to richly bless Neil, Ruth, Jack and Archie as they serve Him. Finally a big thank you to my fellow elders for their unity, passion and wisdom to see God's kingdom grow in Greyabbey, Cloughey and beyond. 'Not to us, Lord, not to us but to your name be the glory because of your love and faithfulness, Psalm 115.'1 George Angus Clerk of Session January 2022
Page 7 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Annual Report (ntinued) Year ended 31 December 2022 Financial review The congregation's main source of income is members, contributions through the Weekly Freewill Offering. The 2022 accounts prepared on an accrual's basis. Total income for the year was £309,245 compared to £ 289,106 in the 2021 year, of which £287,099 related to donations including gift aid. The total surplus for the year was £26,011, (£85,038 in 2021 }, of which £21,482 related to restricted funds. This resulted in net assets at 31 Dember 2022 of £687.634, of which £184,591 due for restricted purposes as outlined in note 17 of the financial statements. The trustees, annual report was approved on 28th May 2023 and signed on behalf of the board of trustees by.. Rev N Stewart (Minister) Trustee Mr G Angus (Clerk of Sessi Trustee
Page 8 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Independent Examiner's Report to the Trustees of Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Year ended 31 December 2022 I report to the trustees on my examination of the financial statements of Trinity Greyabbey Congregation of The Presbyterian Church in Ireland ('the charity,) for the year ended 31 December 2022. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008 {the '2008 Act')- You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination. I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the 2008 ACL Independent examinerfs statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. I confirm that l am qualified to undertake the examination because l am a member of Chartered Accountants Ireland, which is one of the listed bodies. I have completed my examination. I confinn that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept as required by with section 63 of the 2008 Act; or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of the 2008 Act,. or the financial statements 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 fai¢ view which is not a matter considered as part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Elaine Mulholland on behalf of Johnston Graham Limited Independent Examiner 2161218 Holywood Road Belfast BT4 1PD 28 May 2023
Page 9 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Statement of Financial Activities Year ended 31 December 2022 2022 Restricted funds Total funds 2021 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Investment income 209,061 2,920 17 78,038 19,194 15 287,099 22,114 32 261,170 27,913 23 Total income 211,998 97,247 309,245 289,106 Expenditure Expenditure on raising funds.. Costs of raising donations and legacies Expenditure on charitable activities Total expenditure 1,935 184.340 1.871 95.089 3,806 279,428 3,171 200,897 186,275 96,960 283,234 204,068 Net income 25,723 287 26,011 85,038 Transfers beeen funds (21,195) 21,195 Net movement in funds 4,528 21,482 26,011 85,038 Reconciliation of funds Total funds brought forward Total funds carried forward 498,515 163,110 661,624 576,587 503,043 184,591 687,634 661,625 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 11 to 19 fom part of these financial statements.
Page 10 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Statement of Financial Position 31 December 2022 2022 2021 Note Fixed assets Tangible fixed assets 14 380.279 389,787 Current assets Debtors Cash at bank and in hand 15 38,067 270,268 29,977 243,801 308,335 273.778 Creditors: amounts falling due within one year Net current assets 16 980 1,940 307,355 687,634 271,838 661,625 661.625 Total assets less current liabilities Net assets 687,634 Funds of the charity Restricted funds Unrestricted funds 184,591 503,043 163,110 498,515 Total charity funds 17 687,634 661,625 These financial statements were approved by the board of trustees and authorised for issue on 28 May 2023. and are signed on behalf of the board by: Rev N Stewart (Minister) Trustee Mr G Angus (Clerk of Session) Trustee The notes on pages 11 to 19 form part of these financial statements.
Page 11 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Ststements Year ended 31 December 2022 General information The charity is a public benefit entity and a registered charity in Northem Ireland and is unincorporated. The address of the principal office is 26-34 Main Street. Greyabbey. Co Down, BT22 2NE. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Page 12 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 Accounting policies (continued) Incoming resources All incoming reSoUrS are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donatiohs or grants is recognised when there is evidente of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and ServIS are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted Se1. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds forthe charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any awumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Page 13 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Ststements (continued) Year ended 31 December 2022 Accounting policies (Continued) Tangible assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the Carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold propety 20/0 Straight line Impairnient of fixed assets A review for indicators of impaimient is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the sh orother consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Page 14 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 Accounting policies (continued) Financial instruments (continued) Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently mEasured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the ststement offinancial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and otherfinancial assets that are individually significant, these are assessed individually for impairment. other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2022 Donations Recorded giving Loose collections Donations and gifts Gift aid 159,494 13,119 518 35,930 50,712 6,240 6,614 210,206 19,359 7.132 35,930 Grants Grants 14,472 14,472 209,061 78,038 287,099 Unrestricted Funds Restricted Total Funds Funds 2021 Donations Recorded giving Loose collections Donations and gifts Gift aid 145,246 10,565 33,385 14,734 2,656 178,631 25,299 2,656 29,486 29,486 Grants Grants 25,098 25,098 185,297 75,873 261,170
Page 15 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Ststements (Continued) Year ended 31 December 2022 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2022 Income from charitable activities Fees from weddings and funerals Membership fees Fundraising events Use of premises 2,920 6,037 4,730 2,833 3,419 2,175 19,194 8,957 4,730 2,833 3,419 2,175 2,920 22,114 Unrestricted Funds Restricted Total Funds Funds 2021 Income from charitable activities Fees from weddings and funerals Membership fees Fundraising events Use of premises 541 19,256 3,155 3,023 28 1,910 19,797 3,155 3,023 28 1,910 541 27,372 27,913 Investment income Unrestricted Funds Restricted Total Funds Funds 2022 Bank interest receivable General investment fund 15 15 17 17 17 15 32 Unrestricted Funds Restricted Total Funds Funds 2021 Bank interest receivable General investment fund 16 16 16 23 Costs of raising donations and legacies Unrestricted Funds Restricted Totsl Funds Funds 2022 Raising funds 1,935 1.871 3,806 Unrestricted Funds Restricted Total Funds Funds 2021 Raising funds 3.171 3,171
Page 16 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to missions and charities Support costs 32,872 886 59,824 65,641 7,323 17,794 184,340 32,872 886 72,696 85,488 69,631 17,855 12,872 19,848 62,308 61 95,089 279,428 Unrestricted Funds Restricted Total Funds Funds 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to missions and charities Support costs 30,353 886 41,810 53,150 250 14,947 141,396 30,353 886 58,210 63,604 32,758 15,086 200,897 16,400 10,454 32,508 139 59,501 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2022 Total fund 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to missions and charities Governan costs 32,872 886 72,696 85,488 69,631 32,872 886 72,696 85,488 69,631 17,855 30,353 886 58,210 63,604 32,758 15,086 17,855 17,855 261,573 279,428 200,897 10. Net income Net income is stated after chargingl(crediting)- 2022 2021 Depreciation of tangible fixed assets 9,507 9,507 11. Independent examination fees 2022 2021 Fees payable to the independent examiner for: Independent examination of the financial statements 980 980
Page 17 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 12. Staff costs The average head count of employees during the year was 2 (2021: 2). No employee received employee benefits of more than £60,000 during the year (2021.. Nil). 13. Trustee remuneration and expenses No remuneration was paid to the trustees in respect of their role as trustees. 14. Tangible fixed assets Freehold property Cost At 1 January 2022 and 31 December 2022 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 475,350 85,564 9,507 95,071 Carrying amount At 31 December 2022 380,279 38g,786 At 31 December 2021 15. Debtors 2022 2021 Prepayments and accrued income Other debtors 4,590 33,477 29,977 38,067 29,977 16. Creditors: amounts falling due within one year 2022 2021 Accruals and deferred income 980 1,940
Page 18 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements (Continued) Year ended 31 December 2022 17. Analysis of charitable funds Unrestricted funds At Transfers 31 Dec 2022 At 1 Jan 2022 Income Expenditure General funds 498,515 211,998 (186,275) (21,195) 503,043 At Transfers 31 Dec 2021 At 1 Jan 2021 Income Expenditure General funds 463,646 185,854 (144.567) (6,418) 498,515 Restricted funds At Transfers 31 Dec 2022 At 1 Jan 2022 Income Expenditure Building for the future Community outreach Fields of Life Discretionary Fund Global Mission Greyabbey Church Refurbishment Harvest Moderator Appeal Ukraine Propety Solid Ground Cafe Sunday Children's Ministry United Appeal Women's Fellowship Solid Rock Cafe Trinity Tots Boys Brigade Girls Brigade Fusion Bowling (Greyabbey) Bowling (Cloughey) Craft Club Men's Ministry Youth Outreach Worker POLO Challenge Ministries CREW Cloughey Presbyterian Women Catering Team Abura 3,772 2,458 2,075 {3,772) (1,671) 2,500 545 (1,819) 2,565 18,113 (2,260) (21,487) (545) 1,092 1,200 2,458 187 826 11,000 5,041 11,000 (5,041) 4,925 25,856 2,576 {5,586) {5.335) (1,606) 661 7,441 105,574 3,810 133,536 4,780 410 410 7,077 1.513 2,965 261 2,899 3,087 (14,135) {924) (2,462) (178) (2,898) (4,001) 7,058 (571) 918 132 414 2,272 7,151 325 195 1,923 106 936 635 496 2,273 6,237 325 222 2.052 243 89 261 13,399 56 3.595 533 565 230 1,294 (506) (435) (92) (1,212) 261 13,399 68 2,995 16 12,872 656 1,944 505 (12,872) (668) (16,637) (510) 15,293 926 1,265 765 {897) (949) {765) (96,960) 571 600 316 163,112 97.247 21,195 184,590
Page 19 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Ststements (continued) Year ended 31 December 2022 At Transfers 31 Dec 2021 At 1 Jan 2021 Income Expenditure Building for the future Community outreach Discretionary Fund Fields of Life Global Mission Harvest Property Solid Ground Cafe Sunday Children's Ministry United Appeal Women's Fellowship Moderator Appeal Solid Rock Cafe Trinity Tots Vibel Re'.Gen Boys Brigade Girls Brigade Fusion Bowling(Greyabbey) Bowling (Cloughey) Craft Club Men's Ministry Youth Outreach Worker POLO Challenge Ministries CREW 3,810 (3,810) (1,843) 195 6,750 (1,813) (5,968) 6,708 5,007 (600) (695) (17,479) (3,000) 2,565 500 28,292 193 5,968 25,249 778 550 7,077 18,113 2,458 78,840 3,071 (5,223) {39) 105,574 3,810 410 410 6,675 975 25 250 (11.390) (856) 4,715 760 918 (25) (118) 132 414 414 58 1.390 5.734 325 136 1.911 106 (58) (1,696) (1,027) 2,578 2.443 2,272 7,151 325 195 1,923 106 97 303 (38) (291) 261 5,606 241 1.037 261 13,399 68 2,995 16 24,193 173 450 300 (16,400) (346) 1508 (284) (59,500) 112,941 103,252 6,418 163,112 18. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 380,279 123,744 (980) 503,043 380,279 308,335 (980) 687,634 184,591 184,591 Unrestricted Funds Restricted Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Net assets 389,787 110.678 {1,940) 498,525 389,787 273,778 (1,940) 661,625 163,100 163,100