an Elmwood 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 Charity Commission for Northern Ireland (NIC105264)
an ELMWOOD PRESBYfERIAN CHURCH a 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 DETAILS Elmwood congregation of the Presbyterian Church in Ireland 105 Ballymacash Road Lisburn Co. Antrim BT28 3ET Registered Charity in Northern Ireland INIC105264} CHARITY TRUSTEES The Charity trustees who served during the year or who were trustees at the date of this report were Rev. Andrew Thompson Miss. Helen Johnston Mr. David Acheson Mr. Brian Magowan Rev. David Bruce Mr. lan Maxwell Mr. Colin Campbell Mr. Gordon McEvoy Mr. Gareth Connolly Mr. Peter McKechnie Mr. Mark Donnell Mr. Ivan Murdock Mr. David Graham Mr. Ronnie Nesbitt Mr. Nelson Gray Mr. Mark Noble Mr. John Henderson Mr. David Ravey Mr. Philip Henderson Mr. Michael Shields Mr. David Jess Mr. John Stanage
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (cont'd) PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Secretary Rev. Andrew Thompson Mr. Mark Noble Mr. lan Maxwell Mr. Brian Magowan INDEPENDENT EXAMINER John Mccleary FCA Mccleary & Company Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP BANKERS Danske Bank 45-48 High Street Portadown Craigavon BT62 ILB SOLICITORS WG Magine55 & Son 68 Bow Street Lisburn BT28 IAL
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT {cont'd) STRUCTURE 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 con8re8ation and seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Session 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 congregation. 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 at least eight times each year. 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's 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. Elmwood Presbyterian Church has been assigned to the Dromore 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 each congregation.
an ELMWOOD PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (cont'd) 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 Elmwood 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 mission purpose is 'Demonstrating God's presence in our community,. Depending on God's grace, we seek to share Jesus by: Celebrating His greatness Teaching His Word Showing His love Equipping His people to serve Him in the world. In living out its mission and vision as a family of God's people, the congregation seeks to be guided by the following values: Prayerful reliance on God Helping people to connect with God People matter to God, and so they matter to us Active membership of the worldwide family of God Reflecting God's heart for the world In all of this we seek to be Biblical, intergenerational, outward-looking and innovative, while at the same time mindful of our heritage and place as part of the wider Presbyterian family in Ireland.
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT {cont'd) AcfiviTIES 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 admitted to the Lord's Supper. The congregation holds regular bible study meetings, mainly in small groups, and has a wide range of organisations including: Sunday School Youth Club Youth Fellowship Boys, Brigade Girls, Brigade Presbyterian Women Seniors, Club Mothers and Toddlers Men's Fellowship Young Adults ACHIEVEMENTS AND PERFORMANCE Worship and prayer The congregation normally meets for worship each Sunday at 11.30am and 6.30pm. During the week the Bible Study and Home Group programme provides 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 there was one Sacrament of Baptism during the year, as compared with none in the previous year. At 31 December 2022 there were 225 communicant members and 235 families connected with the congregation. 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, deaconess, elders or by one of the congregation'5 pastoral visitors.
Presbyter an ELMWOOD pREsBER1AN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (cont'd) Mission and outreach The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to supportthe 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 planting, provides grant support for the upkeep of church premises, assists with the running costs of Union Theological College, the Church's training college for ministry students, and financially supports congregations 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 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 October 2022. Property With a lessening of the restrictions required by the Covid 19 pandemic and the subsequent return of more regular church activities, the amount of maintenance and repair work in the church building5 increased a little during the year. In addition to minor maintenance and repair work in different parts of the building, work was carried out also on the roof. In particular, a regular schedule of clearing the roof guttering has reduced considerably the problems associated with water ingress during heavy rain and stormy weather. A complete repainting of the outside of the buildings wa5 undertaken and this included repairs to boast plasterwork in a couple of areas. The majorwork undertaken duringthe yearwas a complete refurbi5hmentof our'Reflection5' room which included the provision of windows, cavity wall insulation, new room heaters, the replacement of the small kitchen area, new lighting and ceiling panels and new carpet and decoration. New and refurbished furniture was provided also.
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (cont'd) Some additional A/V equipment was purchased, and parts of the manse were redecorated and repaired. The pastoral care of the congregation has been maintained by the Minister, Rev Andrew Thompson, Deaconess, Roberta Irvine, Elders and a dedicated team of volunteers. The Kirk Session and Congregational Committee maintained their normal pattern of meetings throughout the year. The Minister, Kirk Session, Congregational Committee and all Church leaders look to the future with confidence and with the enabling power and presence of God in His service and to His Glory.
an ELMWOOD PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (cont'd) Organisations The regular weekly organisations and activities in the congregation could be categorised in the following broad areas:. (a) Youth & Children's Ministry Uniformed organisations seek to provide for the social, physical and spiritual development of children from 3-18 years. The pattern of meetings and numbers attending have been significantly affected by Covid-19. The Girls, Brigade has an average weekly attendance of 130 across the sections, while the equivalent number in Boys, Brigade is just over 100. The Christian education of children is sought through a Sunday School group (JAM; average attendance 301 which meets prior to the morning service; during the service there is also age- appropriate teaching in Children's Church (attendance up to 20 children). Development of young people is further sought through the provision of a Youth Club (The Wood; average attendance 20) and a Sunday evening Youth Fellowship group (average attendance 15). (b) Outreach The congregation seeks to build bridges into the local community through a thriving Adultnoddler group, and a small Parent-lnfant project (run in conjunction with Barnardosl. {c) Fellowship The congregation seeks to offer opportunities for various groups to come together to learn and share with one another. The Presbyterian Women's group meets monthly for a varied programme with an average of 50 ladies in attendance. Also meeting monthly, the Just Men group brings an average of 12 men together on a Saturday morning for breakfast and an informative talk given by a member of the congregation. A seniors, group, Young at Heart, also meets weekly, providing a varied programme for a group of around 35 senior members. Finally, up to 100 members of the congregation are involved in a Home Group programme, which sees small groups meeting weekly to study the Bible, pray and share encouragement and fellowship. 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 ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT {cont'd) PUBLIC BENEFIT STATEMENT The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its member5 and the general public by making known the Christian Gospel of the Lord Jesus Christ. 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 (includingthe 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 case5. 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 member5 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 orderto further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are member5, 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 Dublic. The Kirk Session has had regard to the Charity Commissions public benefit requirement statutory guidance. 101 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (cont'd) FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering. There were 178 contributors during the year Icompared with 186 in 20211 donating a total of £193,031 [£198,092 in 2021]. The majority of members pay their offerings through electronic bank transfers. Total Income of the congregation during the year was £276,132, compared to £263,350 in the previous year. Total expenditure increased, from £212,145 to £262,312. RESPONSIBILITIES IN RESPEcf OF THE FINANCIAL STATEMENTS The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The trustee5 are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the congregation and the financial activities for that year. In preparing the financial statements the Trustees are required to: select suitable accounting policies and then apply them consistently make judgement5 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 statements comply with the Statement of Recommended Practice "Accounting and Reporting by Charities {1 January 2015)" They are also responsible for safeguarding the a55ets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 111 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (convd) GOING CONCERN The activities 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 subject to the continuing support from members to fund on an ongoing basis the congregation's current activities and other financial commitments. RESERVES POLICY The trustees have considered the level of unrestricted net current assets that it is appropriate to hold taking account of current and ongoing commitments. It is the policy of the Trustees to hold at least six months, normal expenditure, as the funding of its present activities is dependent of the ongoing financial support of members. At the year-end unrestricted reserves were £119,530, which equates to just under six months. The trustees consider it prudent to have the net current assets at a level equivalent to six months, expenditure. 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 financial support from members. These risks are mitigated 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 at a meeting on 23, March 2023 and signed on its behalf by Mr. Mark Noble Mr. Brian Magowan rd 23 March 2023 23, March 2023 121 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF ELMWOOD CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND I report on the accounts for the year ended 31 December 2022 set out on pages 15 to 30. 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 my 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(91{b) of the Charities Act),. and to state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given bythe Charities Commission for Northern Ireland undersection 6519)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts 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. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Att 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. 131 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF ELMWOOD CONGREGATION OF THE PRESBITERIAN CHURCH IN IRELAND Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and in connection with following the Directions of the Charity Commission for Northern Ireland; I have found no matters that require drawing to your attention. eary FCA Mccleary & Company Ltd Garvey Studi05 14 Long5tone Street Lisburn Co. Antrim BT28 ITP Date 23 March 2023 141Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2022 Income and Endowments from: Donations and legacies Charitable activities Investments 156,439 7,396 695 108,435 3,165 264,874 10,561 697 260,513 2,355 482 Total 164,530 111,602 276,132 263,350 Expenditure on: Raising funds Charitable activities 637 185,486 490 75,699 1,127 261,185 1,127 211,018 Total 186,123 76,189 262,312 212,145 Net Income / (expenditure) {21,5931 35,413 13,820 51,205 Transfers between funds 10,966 {10,966} Net movement in funds Reconciliation of funds: Total funds brought forward {10,6271 24,447 13,820 51,205 1,811,946 176,776 1,988,722 1,937,517 Total funds carried forward 1,801,319 201,223 2,002,542 1,988,722 151 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland BALANCE SHEET As at 31 December 2022 Fixed assets: Tangible assets 1,681,789 1,681,789 1,709,300 Total fixed assets 1,681,789 1,681,789 1,709,300 Current assets Debtors 10 30,385 13,711 44,096 279,024 42,543 239,818 Cash at bank and in hand 11 91,512 187,512 Total current assets 121,897 201,223 323,120 282,361 Liabilities: Creditors: Amounts falling due within one year 12 {2,367) (2,367) (2,939} Net current assets 119,530 201,223 320,753 279,422 Total net assets 1,801,319 201,223 2,002,542 1,988,722 161 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Funds of the charity Restricted income funds 14 201,223 176,778 Unrestricted funds 14 1,801,319 1,811,944 Total charity funds 2,002,542 1,988,722 Approved by the Kirk Session at a meeting on 23, March 2023 and signed on its behalf by Mr. Mark Noble Mr. Brian Magowan Clerk of Session Congregational Secretary 23 March 2023 23 March 2023 171page
an ELMWOOD 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 Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective l January 20151. The financial 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 their affiliation 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 fund5 depending upon the purpose for which the endowment was established in the first place. Elmwood does not have any endowment funds at the present time. Restricted funds comprise (al income from endowments which is to be expended only on the restricted purposes intended by the donor and {bl 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. 181 Page
an ELMWOOD PREsBERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES(cont'd) INCOMING RESOURCES Recognition 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 reliability. (li) Incoming resources with related expenditure Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA. (iii) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. (iv) Tax reclaims on donations and gifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (v) Contrartual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. (vi) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. (vii) Investment income This is included in the accounts when receivable. 191 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES (cont'd) {viii) Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year EXPENDITURE AND LIABILITIES (ix) Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. (x) Governance costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and c05t of any legal advice to trustees on governance or constitutional matters. (xi) Grants with performance conditions 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. (xii) 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. 201 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES (cont'd) ASSETS {xiii) 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 £1,000. 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 and the church manse which is recorded at market value, 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 over 50 years over 10 years over 4 years over 4 years Computers, software and technical equipment 211 Page
an ELMWOOD PRESBITERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 DONATIONS AND LEGACIES Recorded giving: FWO Loose collections Donations and gifts Gift Aid 128,595 2,671 (154) 25,327 64,436 193,031 2,671 27,211 41,961 198,092 2,338 20,915 39,168 27,365 16,634 156,439 108,435 264,874 260,513 CHARITABLE AcfiviTIES I: li Income from charitable activities Fees from weddings, funerals, and organisations Sale of Magazines, Study Books Income from Church Events Miscellaneous Income Grants 415 415 1,172 1,172 305 3,618 5,051 493 210 1,247 405 305 2,860 758 5,051 7,396 3,165 10,561 2,355 221 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 INVESTMENTS If I: Deposit interest 695 697 482 695 697 482 RAISING FUNDS l! I: FWO envelopes 637 490 1,127 1,127 637 490 1,127 1,127 231Page
an ELMWOOD pREsBER1AN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donation5 to Missions and charities Governance costs Depreciation Charge 14,350 14,350 14,100 1,069 104,750 1,069 104,750 850 106,463 32,126 42,949 75,075 29,843 3,980 32,750 36,730 30,727 1,700 27,511 1,700 27,511 1,524 27,511 185,486 75,699 261,185 211,018 241 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 EMPLOYEES Employment Costs Wages and Salaries Social Security Cost5 Pension contributions 74,046 77,003 7,261 7,193 13,331 14,404 94,638 98,600 Number of Employees The average number of employees, including the minister of the congregation, duringthe year was 2022 2021 Average number of employees There were no employees in receipt of employee benefits in excess of £60,000. 251 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS {cont'd) 31 December 2022 PENSION COSTS The minister and deaconess of the congregation are members of the Presbyterian Church in Ireland Pension Scheme (20091. 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 employer's pension contribution for the Scheme and based on the stipend paid to the minister and deaconess. The Presbyterian Church in Ireland Pension Scheme {20091 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 administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. 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 insuring death in service benefits and funding the scheme deficit. The contributions made by the congregation during the year were Contributions 13,331 14,404 The congregation operates a defined pension contribution policy for its employees. The scheme and its assets are held by an independent scheme manager. The pension charge represents the contributions due from the congregation during the year Contributions 261 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 TANGIBLE FIXED ASSETS Cost or valuation At start of year Additions Disposals 1,810,000 25,044 8,000 1,843,044 At end of year 1,810,000 25,044 8,000 1,843,044 Depreciation At start of year Provision for year 120,000 20,000 9,744 5,511 4,000 2,000 133,744 27,511 At end of year 140,000 15,255 6,000 161,255 Net Book Value At start of year 1,690,000 15,300 4,000 1,709,300 At end of year 1,670,000 9,789 2,000 1,681,789 10. DEBTORS 2022 2021 Accrued Income Prepayments 41,013 39,732 3,083 2,811 44,096 42,543 271 Page
Presbyter an ELMWOOD PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 11. CASH AT BANK AND IN HAND 2022 2021 Danske Bank current account Cash in hand 278,983 239,777 41 41 279,024 239,818 12. CREDITORS: amount falling due within one year 2022 2021 Accruals 2.367 2,939 2,367 2,939 281 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 13. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at start Income Expend. Transfer Balance at end Unrestricted Funds General Account 1,811,946 164,530 1186,1231 10,966 1,801,319 1,811,944 164,530 (186,123) 10,966 1,801,319 Restricted Funds Building & Maintenance Missionary & Outreach Sunday School (JAM) Bo¢s Brigade Girl's Brigade Presbyterian Women Youth Fellowship (Fish) Youth Club (Wood) Community Ministry Young Adults Holiday Bible Club Special Offerings 109,756 54,766 {33,4311 131,091 52,963 81 1,947 6,555 23,427 57 5,411 1,551 (6,211) 111,382) {18) {5,160} {4,2251 58,797 120 2,310 3,993 112 112 1,732 2,977 {2,944) 1,765 1,288 1,617 242 224 225 641 1,512 (320) 1946) 11,538) {31 80 112 1,273 1,424 216 221 369 21,035 {21,3931 11 176,776 111,602 176,1891 110,9661 201,223 Total 1,988,722 276,132 (262,312) 2,002,542 291 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 14. RELATED PARTY TRANSACTIONS Two of the trustees received remuneration. The minister of the congregation received remuneration of £40,419 and expenses of £6,382 for acting in that capacity. Pension contributions of £9,701 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme120091. The music leader received remuneration of £5,317. No pension contributions were paid in relation to this post. None of the other trustees received any remuneration or expenses during the year in connection with their duties. During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity £14,310 for congregational assessments £10,132 towards the United Appeal £1,155 towards the Presbyterian Children's Society The congregation contributed £1,069 towards Presbytery Assessments during the year. There were no other related party transactions. 301 Page
an ELMWOOD PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Appendix l - Additional Financial Information The additional financial information provided on the following pages does not form part of the congregation's independently examined Church Accounts. The figures shown have however, been incorporated into the accounts on which the congregation's independent examiner have given their report. Elmwood Presbyterian Church General Fund Income and Expenditure- Year ended 31st December, 2022. 2022 2021 Income Regular Direct Giving Donations and Legacies .4ctivities that generate Income Investment Income -154,826 -155,627 -22,647 -17,732 -7,396 -493 -695 -343 Total Income -185,564 -174,195 Expenditure Central Church Assessments Ministry and Support Staff Life and Work Governance Property and Equipment Grants to Missions and Charities 25,080 25,565 77,700 77,185 14,352 9,347 10,450 6,585 54,561 50,254 25,373 20,377 Total Expenditure 207,516 189,313 Net {Income)/ Expenditure 21,951 15,118 Transfers Between Funds 10,966 12,871 Net Movement in Funds 10,985 2,247 311 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Elmwood Presbyterian Church Building & Maintenance Fund Income and Expenditure- Year ended 31st December, 2022. Notes 2022 2021 Income Regular Dirert Giving Gift Aid on Giving Donations Miscellaneous Income Total Income -45,134 -49,928 -9,377 -8,978 -255 -54,766 -58,905 Expenditure Alarms & Fire Safetv Electrica I, i nc. Heaters Grass Cutting Repairs etc. Manse Organ Repairs and Maintenance Repairs to Church and Halls Repairs- Equipment Painting Roof Repairs AV System Vehicle Repairs Church Envelopes Scripture Union St. Petersburg Donabate Presb)rterian Church Total Expenditure 2,144 431 723 8,952 1,177 1,543 1,016 105 7,590 953 6,885 948 1,410 540 1,374 490 1,471 1,471 33,431 627 490 1,410 1,410 9,728 Net {Income)/ Expenditure -21,335 -49,177 Transfers Between Funds Net Movement in Funds -21,335 -49,177 321 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland ELfvWOOD PRESBYfERIAN CHURCH M&0 FUND GENERAL REVENUE ACCOUNT FOR THE YEAR ENDED 31 DECEPI8ER 2022 Receipts 2022 2021 Payn*nts 2022 2021 Regular Direct Gimng Gift Aid on Giiring InSInnt Income Donats'ons scelLqneous Inco 19,302.40 18,441.10 4.122.93 3.165.70 2.04 124.91 0.00 500.00 0.00 Salaries alkjcated l Deaconess ) Support Gifts Bank Fees 11,382.25 12,555. 6.205.00 5,150.00 6.20 36.80 Total Recelpts durlng the year 23,427.37 22,276 71 Total PaynEnts during the year 17,593.45 17,741.80 Opening Balances clfd Bank .sh in Fknd Closing Balances clfd 8ank Cash in Hand 52.963.32 48.428.41 0.00 0.00 58,797.24 52,963.32 0.00 ", 6,390.69 70,705.12 76.390.69 70,705.12 331Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland ELMWOOD GENERAL FUND COLLEcfioNS 2022 FWO Number FWO FWO Amount Number Arncunt Number 1.540.00 51 400.00 101 150.00 52 102 53 240.00 103 -104 20.00 105 FWO FWO Amount Number Amount Number 660.00 151 453.00 2QI 152 202 I,000.OQ 153 224.10 154 675.00 155 FWO Arnount Number 327 FWO Amourrt Number Amount 449 300.00 60.00 450 1,200.00 2.400.00 451 1,440.00 452 1,800.00 453 454 399 203 401 54 204 205 402 300.00 6,050.00 55 403 770.00 56 910.00 106 320.00 107 275.00 108 156 206 -404 405 30.00 57 157 207 90.00 455 240.00 456 960.00 730.00 58 158 406 420.00 540.DD 2,020.00 59 2.250.00 60 61 -109 150.00 159 160 209 1.560.00 210 211 407 240.00 457 lio iio 408 1,475.00 458 720.00 459 600.00 iii 600.00 161 409 410 480.00 112 100.00 62 8.200.00 112 450.00 113 162 163 212 840.00 460 700.00 461 1.040.00 25.OD 63 260.00 213 214 110.00 215 411 600.00 1,440.00 960.00 114 [15 64 114 164 412 600.00 462 65 77.00 66 115 360.QO 116 117 200.00 165 413 1,680.00 463 240.00 464 166 410.QO 216 414 600nO 117 118 120 121 122 260.00 67 90.OD 68 69 225.00 167 16B 217 415 20.00 465 360.OD 466 300.00 467 520.00 1,500.00 118 960.00 119 120 67.00 121 218 416 600.00 720.00 169 219 220 417 440.00 70 170 418 78D.00 468 2,310.00 469 I00.00 470 I,800.( 471 1,020.W 472 1.980.00 473 780.00 474 104.00 71 171 221 419 420 480.00 1,020.00 950.00 72 122 172 200.00 173 265.00 222 73 395.00 74 655.00 123 965.00 223 421 422 124 730.00 174 224 1,010.00 225 240.00 226 20.00 227 500.04 75 125 126 175 423 426 127 1.040.00 240.00 150.00 76 77 176 424 127 260.00 128 177 425 1,200.00 475 600.00 476 1,040.00 220.00 20.00 78 178 228 426 427 300.00 79 520.W 129 130 160.00 131 132 2,200.OD 133 330.00 134 179 180 275.00 181 182 183 229 23D 840.00 477 130 131 80 428 I,2000 478 479 1,800.00 81 231 232 429 82 430 1,062.40 480 120.00 481 480.00 83 84 85 134 135 212.00 Z33 234 235 431 432 1.392.00 720.00 184 . 185 510.00 186 1,060.00 187 1,080.00 188 270.00 189 190 200.00 191 192 390.00 193 300.00 481 135 50.00 136 433 1.560.00 483 1.100.00 484 2,340.00 485 1.080.00 486 960.00 487 488 1.440.00 489 490 960.00 860.00 160.00 86 125.00 236 10.00 237 434 87 137 138 215.00 139 1,040.00 140 20.00 141 435 138 139 140 150.00 88 520.00 89 10.00 90 238 436 437 239 90.00 240 438 240.00 91 241 242 520.00 243 439 440 220.00 260.00 92 142 143 144 145 93 50.00 143 441 900.00 491 2,400.DD 480.00 94 100.00 95 96 400.00 144 520.QO 194 80.00 195 196 244 245 442 2LIO.00 492 1.040.00 493 1,040.00 494 960.00 455 101.Q0 145 6D.OD 146 443 iio.00 246 540.00 444 445 97 87.00 98 99 1.200.00 147 40.00 148 260.00 149 197 247 35.00 148 149 [50 940.00 198 25.00 248 446 447 1%00.00 496 900.00 497 360.00 498 760.00 10.00 199 249 250 loo 50.00 150 200 448 385.00 499 240.00 341 Page
an ELMWOOD PRESBERIAN CHURCH a Congregation of The Presbyterian Church In Ireland BUILDING FUND COLLECTIONS 2022 14umb2r Amount Number 270.00 51 Amount NumbEr ioi Amount Number 151 Amount Numbpr 201 202 ount Number 395 Amount Number Amount 1,040.00 447 900.001 960.00 448 360.00 52 210.00 102 208.00 152 396 53 103 340.00 153 203 204 397 360.00 449 54 104 154 399 20.00 450 600.00 70.00 55 105 106 155 15.OD 205 401 451 80.00 56 156 20.00 206 207 208 402 452 240.00 57 250.00 107 157 403 600.00 453 85.00 58 108 100.00 109 iio iii 158 404 454 59 80.00 159 209 210 405 40.00 455 lio 960.00 | 60 160 406 456 61 161 211 407 457 300.00 62 162 212 Z,950.00 458 240.00 459 600_00 63 160.00 163 213 30.OD 214 409 1,440.00 520.00 114 164 410 600.00 160 65 115 10.00 165 215 411 600.00 461 600.00 116 [17 66 16 166 216 412 300.00 462 480.00 67 117 20.00 167 217 413 600.00 463 68 118 119 120 168 218 16S.00 219 220 414 464 69 169 415 465 520.00 120 121 70 170 416 960.00 466 71 121 171 221 417 467 240ffj0 72 122 123 124 172 222 418 600.00 468 73 173 600.00 223 419 420 421 720.00 469 470 660.00 471 120.00 360.00 74 174 224 75 76 125 220.00 126 175 225 426 127 128 129 130 176 226 422 472 150.00 77 127 177 227 423 600.00 473 1.020.00 60.001 1,040_00 | 78 240.00 128 178 228 229 230 540_00 474 79 100.00 80 129 179 425 600_00 475 300.00 476 130 180 426 81 131 181 231 427 288.00 477 132 510.00 82 132 182 232 428 960.OD 478 479 200 00 480 1.200.001 83 80.00 133 183 SA)0 233 234 235 236 429 134 84 85 86 134 430 135 136 137 185 431 432 120.00 481 482 348.00 136 186 87 88 47.00 187 250.00 237 433 434 483 600.00 | 138 188 238 239 484 720.00 L185 1,440.QO 48S 360.00 487 139 140 141 142 143 144 145 146 147 148 149 150 89 10.OD 90 500.00 91 139 130.00 189 435 436 437 140 IJ20.00 190 191 240 470.00 141 241 10.00 92 155.00 93 94 142 192 242 438 439 440 441 488 960.00 489 490 780.00 491 180.00 | 143 193 243 0.00 144 194 244 96.00 95 510.00 145 195 245 1.010.00 246 247 96 146 196 540.00 442 240.00 492 87.00 97 147 197 443 520.00 493 55.00 98 148 198 444 550.00 494 1.200.00 495 496 497 498 L199 99 loo 1.060.00 149 150 199 249 250 445 446 200 lo.w 385.00 210.00 351 Page
an ELMWOOD PRESBYfERIAN CHURCH a Congregation of The Presbvterian Church In Ireland MISSIONARY& OUTREACH FUNDcOLLEIoNS 2022 Number Amount Number Amout)t Nurnber Amount MUmr 151 Amount Number ID.UO 201 Amount Nurnber 399 Amount Number 20.OD 449 Amount 102 152 202 400 -450 240.001 53 90.00 103 153 203 204 205 401 451 452 54 104 54.20 154 41.20 155 156 15? 158 402 120.00 55 5.00 105 106 107 5.00 108 03 404 405 406 1.200.00 453 56 206 -454 57 30.00 58 207 20.00 455 240.001 208 456 SY 480.00 60 61 109 159 209 407 457 458 lio iio 160 210 211 iii 161 162 163 -164 409 410 480.00 459 62 112 212 460 520.00 600.001 480.00 240.00 63 113 55.00 213 411 240.00 451 240.00 462 114 114 214 412 65 lis 165 215 216 413 360.00 463 [16 66 56.00 67 68 69 120.00 70 70.00 116 166 50.00 167 414 -464 117 217 415 10.00 465 160.001 90.00 118 168 218 416 466 119 169 170 219 417 467 420.00 468 1.440.00 469 240.00 120 120 121 122 220 418 5.00 71 171 2ZI 95.00 222 223 419 120.001 240.00 122 80.00 72 172 420 421 470 73 123 5.00 173 60.00 174 540DO 471 124 74 124 224 422 420.(KI 472 75 76 125 175 176 225 423 424 1.128.(Kl 473 120.00 474 600.001 SO.OD 240.00 126 126 226 77 127 128 177 227 228 425 600.00 475 78 178 426 476 129 [30 79 110.00 129 179 229 230 427 240.00 477 80 130 180 62.00 181 182 428 478 479 480 900.ooj 81 82 83 84 85 10.00 131 231 429 132 232 430 133 183 233 431 130.00 481 1.740.001 134 135 [36 134 184 234 235 432 482 135 136 185 35.00 186 IOD.00 187 433 434 435 483 484 485 240.00 486 240.00 5.(M) 86 10.00 236 87 88 g9 137 237 138 140.00 188 238 436 139 140 139 50.00 189 239 240 241 437 240.00 487 90 140 190 38 488 141 191 142 144 439 440 441 480.00 489 490 300.00 491 92 142 192 193 194 242 93 143 243 94 144 244 442 60.00 492 95 145 195 245 443 493 146 147 55.001 96 97 146 196 246 247 444 494 147 197 445 -446 495 496 360.00 497 41.00 98 148 70.00 198 5.00 248 99 149 199 249 447 .001 50 loo 150 200 250 448 120.00 498 170.llo 361 Page