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2022-12-31-accounts

Legacurry Congregation of the Presbyterian Church in Ireland

Trustees' Annual Report and Financial Statements for the year ended 31 December 2022

Charity number: NIC105293

1

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

Contents
Trustees' Annual Report 3 - 11
Independent Examiner's Report 12
Statement of Financial Activities 13
Balance Sheet 14
Notes to the Financial Statements 15 - 25

2

Legacurry Presbyterian 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.

REFERENCE AND ADMINISTRATIVE DETAILS

Legacurry Presbyterian Church congregation of the Presbyterian Church in Ireland Upper Ballynahinch Rd, Lisburn BT27 6XG, UK

Registered Charity in Northern Ireland (NIC105293)

CHARITY TRUSTEES

The Charity Trustees who served during the year or who were trustees at the date of this report were:

Steven Abraham Gary McCracken Philip Brown Robert McCullagh Lawrence Campbell Roy Patterson Thomas Crawford Miriam Pattison Michael Davidson (appointed 26/02/2023) Jacqueline Pickering (appointed 26/02/2023) John Ferguson Richard Reid Jim Hamilton John Rodgers Richard Hassard Gillian Scott Christopher Kinghan (retired 07/03/2023) John Sloan Robert Liddle David Smyth (appointed 26/02/2023) Alan Little (appointed 26/02/2023) Adam Thompson

PRINCIPAL OFFICE BEARERS

Minister Rev Robert Liddle Clerk of Session John Ferguson Treasurer Robert McCullagh

INDEPENDENT EXAMINER

Ivan Shannon & Company 39 Church Street Ballynahinch BT24 8AF

SOLICITORS

W.G Maginess & Son 68 Bow St Lisburn BT28 1AL

BANKERS

Ulster Bank 18 Bow Street Lisburn BT28 1BN

3

Legacurry Presbyterian 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 congregation 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 minister in active duty in the congregation, has no deliberative but only a casting vote. Stated meetings of the Kirk Session are held at least six times a 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 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. Legacurry 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.

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. The General Assembly met in June 2022.

4

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

DESCRIPTION AND PURPOSE

Legacurry 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.

At Legacurry we have a simple Mission statement:

Acting on God’s Word – Welcoming, Worshipping and Witnessing

The congregation aims to live out its Mission and Vision as a family of God’s people by:

ACTIVITIES AND OBJECTIVES

The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lord's Supper is normally 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 and has a wide range of organisations including:

ACHIEVEMENTS AND PERFORMANCE

Staff

There were 5 paid members of staff: the Minister (full time), an Assistant Minister (full time), a Praise Coordinator (5 hours per week), a Youth Co-ordinator (full time) and a Ministry Co-ordinator (12 hours per week). There were two leavers during the year - the Assistant Minister left in April 2022 and the Youth Coordinator left in August 2022.

5

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

ACHIEVEMENTS AND PERFORMANCE (cont'd)

Worship and prayer

The congregation normally meets for worship each Sunday at 11am, with evening services fortnightly at 6.30pm. Once a fortnight Home Groups provide an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer. There is a corporate prayer time every Sunday morning before church.

As well as our regular services during the year we acknowledged God’s gift of new life at six Sacraments of Baptism and gave thanks for faithful services and sought to comfort those who had been bereaved during the year. There were six weddings held during the year.

At 31 December 2022 there were 332 communicant members and 337 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, elders or by one of the congregation’s pastoral visitors. They are also provided with CDs each week to enable them to listen to the services in their own homes. All morning services are available online also.

Mission and outreach

At a local level the congregation continues to support several charities and is involved in community outreach. The main local projects supported included Youth for Christ Ballysillan, Lisburn Food Bank, Jackie Burke, Evangelical Alliance, Christian Family Centre, Christians Against Poverty, Exodus Trust and Graham McClellan.

Our Annual car night in June 2022 raised £3,600 for NI Air Ambulance. The church also ran local summer outreach in a neighbouring village (Ravernet).

Assisted by our part-time evangelist, Mr Graham McClellan, the church also holds a number of outreach and teaching courses throughout the year. These provide a wide range of people from different backgrounds with an opportunity to learn about the good news of Jesus Christ in an informal en ironment

The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church’s training college for ministry students, and financially supports congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care.

6

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

Mission and outreach (cont'd)

The congregation supported international projects including the work of Brian and Maria Liggett and Impande Foundation in South Africa, the Morales family in Peru, Tearfund, Overseas Missionary Fellowship and the transport of medical equipment overseas. We continue to support water well drilling, schools projects and Bethanie Medical Centre in Burkina Faso, via Transform Burkina and AEAD. Our Annual Harvest appeal in October supported the Bethanie Medical Centre in Ouagadougou, Burkina Faso and raised £12,000.

Throughout 2022 the congregation has been working in partnership with Brian & Maria Liggett and I d F d ti i K Z l N t l S th Af i t t l l it j t

Presbytery

The congregation is normally represented at the regular meetings of Presbytery by our minister and the relevant representative elder. This provides an important link between the congregation and the wider structures of the church.

General Assembly

The minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June 2022.

Property

There were no significant refurbishments that took place to the church property during the year. There was £4,100 spent on audio-visual equipment for the church and £4,900 spent on architect and planning fees relating to the Church Manse site. The church continues to receive £2,800 in respect of solar panel income each year.

Organisations

  1. Bowling Club – met once per week over the winter period, with approximately 5 members. The organisation stopped in October 2022 due to low attendance.

  2. Boys’ Brigade – meets every Friday during school term time. Activities include teaching the bible, games, craft and outdoor expeditions. Approximately 70 members during the year.

  3. Creche / Family Room – held during church every Sunday. Up to 10 infants and toddlers come with their parents each Sunday.

  4. EveryWoman – normally meets once a month throughout the year and format includes talks by missionaries and other visiting speakers. Approximately 20 members.

7

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

Organisations (cont'd)

  1. Flower Club - meets at various times throughout the year, including harvest, Christmas and other special events.

  2. Girls’ Brigade – meets every Wednesday during school term time. Activities include teaching the bible, games, craft and drama. Approximately 100 members.

  3. Helping Hands Group – meets periodically as a fellowship group of 8 people with a shared interest in knitting clothing to be donated.

  4. Home Groups – meet once a fortnight to study the bible in small groups. Approximately 100 attending on average (including Youth Cells).

  5. Netwise – has not restarted since Covid-19. Plans to restart during 2023 once a new youth co-ordinator appointed. This was a youth club (with up to 70 members) that met on a Saturday night during school term time. Main activities include games, outings and epilogues.

  6. Parents and Toddlers – meets once a week during school term time and promotes relationship building between young families in the church and the community. Around 5 families attending.

  7. Prayer ministry team meets weekly after church services to support individuals in need of prayer and regularly throughout the year to organise prayer times and resources.

  8. Sunday School – held during church every Sunday during term time. Approximately 57 attending during 2022.

  9. Table Tennis Club – meets once a week during term time. Competes in local competitions, approximately 12 members.

  10. Women’s Book Group – meet periodically to review books and have fellowship in members’ houses. Number of around 15 attending regularly.

  11. Senior Youth Fellowships - met throughout the year with up to 40 attending.

8

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

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.

PUBLIC BENEFIT STATEMENT

The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion.

The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church’s subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved).

Generally the above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites, and social media or in other ways.

The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public.

The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular organisations, charities and individual members of the public.

The Kirk Session has had regard to the Charity Commission’s public benefit requirement statutory guidance.

9

Legacurry Presbyterian 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 and collections. There were 242 contributing families during the year (224 in 2021) donating a total of £317,789 (a 4.6% increase on receipts of £303,945 in 2021). There have been several movements within this increase including a decrease in recorded giving and loose collections of £8k which was offset by a £10k increase in contributions for specific charitable projects, a £9k increase in receipts for special collections and bequests and a £3k increase in Gift Aid.

The total income from all sources in 2022 was £351,892, an increase of 6.4% on 2021 (£330,819) .

Total expenditure of unrestricted funds in 2022 was £175,553 compared with £169,600 in 2021. There have been various movements in this expenditure. The largest movement was a decrease of £17k for ministry and staff costs, the majority of which is due to our Assistant Minister leaving at the end of April and our Youth Worker also finishing in August. Another large movement was an almost £16k increase in Life and Work - this relates mainly to some one off events during 2022 including a church weekend at Castlewellan Castle, congregational meals and a concert featuring New Irish Arts. Other unrestricted costs remain constant howver there has been an increase in utilities as expected.

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 reserves 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. At the year end unrestricted reserves were £341,990, which represents a higher level of reserves. The Trustees however, consider it prudent to hold reserves at this level as the funding of its present activities is dependent of the ongoing financial support of members.

RISK REVIEW

10

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.

11

Legacurry Presbyterian Church

a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS

The charity trustees (who are known as the members of Kirk Session) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Northern Ireland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008 and The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Kirk Session (the trustees) at a meeting on 22 May 2023 and signed on its behalf by:

RA Liddle

........................................... Signed: Rev. R. Liddle Name: REV. ROBERT LIDDLE, Chair of trustees on behalf of the trustees

12

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Legacurry Presbyterian Church Statement of Financial Activities For the year ending 31 December 2022

Notes
Income from:
Regular direct giving
2
Donations and legacies
3
Activities that generate income
4
Investment income
5
Organisations
6
Other
7
Total income
Expenditure on:
Raising funds
8
Charitable activities:
Central Church assessments
9
Ministry and support staff
10
Life and work
11
Donations to missions and charities
12
Property & equipment maintenance
13
Governance
14
Organisations
6
Total expenditure
Net income
Transfers between funds
Net gain on investment assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
24
Total funds carried forward
24		 Unrestricted
Restricted
Total
Total
funds
funds
2022
2021
£
£
£
£
169,351
44,020
213,371
218,490
1,861
102,558
104,419
87,107
1,180
4,619
5,799
650
624
-
624
51
-
11,721
11,721
15,970
9,496
6,462
15,958
8,551
182,512
169,380
351,892
330,819
790
2,961
3,751
-
16,000
-
16,000
15,118
100,345
-
100,345
117,609
35,524
300
35,824
19,902
771
155,054
155,825
139,882
16,551
27,394
43,945
38,045
5,572
-
5,572
5,183
-
9,682
9,682
15,033
175,553
195,391
370,944
350,772
6,959
(26,011)
(19,052)
(19,953)
-
-
-
-
-
-
-
-
6,959
(26,011)
(19,052)
(19,953)
335,031
516,802
851,833
871,786
341,990
490,791
832,781
851,833

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

14

Legacurry Presbyterian Church Balance Sheet As at 31 December 2022

Notes
Fixed assets
Tangible assets
15
Investments
16
Total fixed assets
Current assets
Debtors
17
Cash at bank and in hand
18
Total current assets
Liabilities
Creditors: Amounts falling due
19
within one year
Net current assets
Total net assets
The funds of the charity:
Unrestricted income funds
24
Restricted income funds
24
Restricted land & buildings fund
24
Total charity funds		 2022
£
280,497
125,000
405,497
20,906
413,802
434,708
7,424
427,284
832,781
341,990
108,769
382,022
832,781		 2021
£
291,085
125,000
416,085
10,052
433,612
443,664
7,916
435,748
851,833
335,031
123,482
393,320
851,833

The trustees have prepared the financial statements in accordance with The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 for circulation to the members. The notes 1 to 25 form part of these financial statements.

Approved by the trustees on 22 May 2023

RA Liddle

........................................... Signed: Rev. R. Liddle

Name: REV. ROBERT LIDDLE, Chair of trustees on behalf of the trustees

15

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2022

1 Accounting policies

The principal accounting policies that have been adopted consistently throughout the year and the prior year are summarised below.

1.1 Basis of preparation

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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.

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.

Legacurry Presbyterian Church meets the definition of a public benefit entity under FRS 102.

1.2 Fund accounting

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds are primarily from the receipt of Free Will Offerings and loose collections from the congregation.

Restricted funds comprise (a) restricted income funds and (b) restricted land and buildings fund. These are detailed below.

Restricted income funds are funds which are to be used in accordance with specific restrictions imposed by the donor. Restricted income funds are from the collection of congregational offerings to the Church's property account, the missions and charities account and for the Presbyterian Church in Ireland's (PCI) various appeals. The income received by the various church organisations is also restricted for use in the respective organisations.

Restricted land and buildings fund is the fund created on the initial recognition of the land and buildings owned by the church which have not previously been recorded. The only movement on this fund each year is the expensing of the depreciation on land and buildings and/or any fair value movements in respect of investment properties. Further details can be found at note 15.

16

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2022

1 Accounting policies (continued)

1.3 Income recognition

All income is recognised once the charity has entitlement to the income, it is virtually certain that the income will be received and the amount of income receivable can be measured reliably.

Where income received has related expenditure (as with fundraising income) the income and related expenditure are reported gross in the Statement of Financial Activities.

Regular direct giving

Regular direct giving receipts relate to offerings received from the congregation and are recognised on receipt when the church has unconditional entitlement to the income.

Donation and legacies

Donations and legacies are recognised on receipt unless otherwise notified of a settlement date. The nature of the charity as a church means that donations do not usually have conditions attached which may result in the deferral of recognising income.

Tax reclaims on donations and gifts

Income from Gift Aid (included under Regular direct giving) is included in the Statement of Financial Activities at the same time as the donation or gift to which they relate.

Investments

Interest on funds held on deposit is recognised when receivable and the amount can be measured reliably by the charity.

Gifts in kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for use by the charity are included in the Statement of Financial Activities as income when receivable.

Donated services and facilities

These are only included in income (with the equivalent amount in expenditure) where the benefit to the church is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the church of the service or facility received.

1.4 Expenditure and liabilities recognition

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 settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis.

1.5 Irrecoverable VAT

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

17

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2022

1 Accounting policies (continued)

1.6 Governance costs

These are shown within charitable activities and include the costs of preparation and examination of the accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

1.7 Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Assets for use by the church are capitalised if they can be used for more than one year and cost at least £2,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation is provided on all tangible fixed assets other than land at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land: No depreciation Car parks, etc.: 50 years Buildings: 50 years Fixtures, fittings & equipment: 5 years Solar panels: 20 years

1.8 Investment properties

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any gain or loss recognised in the statement of financial activities.

1.9 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

1.10 Employee benefits

The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The church 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. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type, providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by the 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 accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit.

The charity recognises a cost equal to their contribution payable for the period in their statement of financial activities.

18

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2022

2 Regular direct giving

Recorded giving
Gift Aid
Loose collections		 Unrestricted
Restricted
2022
2021
£
£
£
£
145,271
36,916
182,187
188,319
24,080
7,104
31,184
28,309
-
-
-
1,862
169,351
44,020
213,371
218,490

3 Donations and legacies

Gift days, special collections and donations
Legacies and Bequests
Burkina Faso
South Africa
Project Sunrise
Impande
G. McClellan
Morales Family
Jackie Burke
Tear Fund
United Appeal
World Development Appeal
Moderator's Appeals
HMRC CJRS grant		 Unrestricted
Restricted
2022
2021
£
£
£
£
1,861
24,417
26,278
19,757
-
3,000
3,000
500
-
24,450
24,450
10,781
-
10,031
10,031
7,719
-
-
-
4,128
-
19,194
19,194
25,575
-
5,000
5,000
5,000
-
1,963
1,963
1,931
-
1,000
1,000
1,900
-
553
553
1,704
-
-
-
-
-
4,373
4,373
4,460
-
8,577
8,577
2,000
-
-
-
1,652
1,861
102,558
104,419
87,107

4 Activities that generate income

Income from Church Events
Sale or Rental of Books / CD's / DVD's etc.
Weddings, funerals, etc.
Grave fees		 Unrestricted
Restricted
2022
2021
£
£
£
£
-
3,834
3,834
-
-
-
-
-
-
785
785
240
1,180
-
1,180
410
1,180
4,619
5,799
650

19

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2022

5
Investment income
Bank & Building Society interest
Other investment income
6
Organisations' income and expenditure
EveryWoman
Bowling Club
Boys' Brigade
Girls' Brigade
Table Tennis Club
Netwise
Flower Club
Parents and Toddlers
Sunday School
Youth Association
7
Other income
Rental income
Legacurry Preschool contributions
Youth Council contributions
Miscellaneous income
Solar panel income
Church weekend receipts
Grant - Department of Infrastructure		 Unrestricted
£
624
-
624
Unrestricted
£
2,920
-
-
494
-
6,082
-
9,496		 Restricted
2022
2021
£
£
£
-
624
51
-
-
-
-
624
51
Surplus /
Income
Expenditure
(Deficit)
£
£
£
441
722
(281)
-
-
-
3,353
2,085
1,268
4,963
3,649
1,314
210
-
210
-
503
(503)
-
28
(28)
34
59
(25)
-
769
(769)
2,720
1,867
853
11,721
9,682
2,039
Restricted
2022
2021
£
£
£
-
2,920
2,840
-
-
600
-
-
100
-
494
2,499
2,762
2,762
2,512
-
6,082
-
3,700
3,700
-
6,462
15,958
8,551

During the year a grant of £3,700 was received from the Department of Infrastructure NI for the planting of tree saplings on the church grounds. The planting took place in March 2023.

20

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2022

8 Raising funds

Fundraising and events
Sum Up fees
FWO envelopes
9
Central Church assessments
Central Ministry Fund
Retired Ministers' Fund
Widows of Ministers' Fund
Incidental Fund
Prolonged Disability Fund
Ministerial Development Fund
Sick Supply Fund
Assembly Buildings' External Work
Students' Bursary Fund
Apprenticeship Levy
Special Assembly
10
Ministry and support staff
Minister's stipend, pension and expenses
Other Ministry and Support Staff
11
Life and work
Worship and Fellowship
Discipleship and Ministry
Mission and Outreach		 Unrestricted
Restricted
2022
2021
£
£
£
£
-
2,712
2,712
-
1
249
250
-
789
-
789
-
790
2,961
3,751
-
Unrestricted
Restricted
2022
2021
£
£
£
£
5,146
-
5,146
5,176
-
-
-
-
1,071
-
1,071
1,186
3,967
-
3,967
3,990
867
-
867
894
492
-
492
561
65
-
65
86
2,144
-
2,144
2,265
2,037
-
2,037
754
211
-
211
206
-
-
-
-
16,000
-
16,000
15,118
Unrestricted
Restricted
2022
2021
£
£
£
£
65,088
-
65,088
65,214
35,257
-
35,257
52,395
100,345
-
100,345
117,609
Unrestricted
Restricted
2022
2021
£
£
£
£
20,736
300
21,036
7,174
1,020
-
1,020
740
13,768
-
13,768
11,988
35,524
300
35,824
19,902

21

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2022

12 Donations to missions and charities

United Appeal
World Development Appeal
PCI Moderator's Appeal
PCI Students' Bursary
Burkina Faso Project
South Africa Project
Project Sunrise
Impande
Morales Family
Jackie Burke
G. McClellan
Tear Fund
Other missions and charities		 Unrestricted
Restricted
2022
2021
£
£
£
£
-
14,100
14,100
12,500
-
4,373
4,373
6,460
-
9,002
9,002
3,666
771
-
771
-
-
23,252
23,252
8,625
-
10,031
10,031
13,410
-
-
-
16,000
-
18,000
18,000
25,625
-
1,963
1,963
2,000
-
1,000
1,000
1,900
-
5,000
5,000
5,000
-
553
553
1,729
-
67,780
67,780
42,967
771
155,054
155,825
139,882

13 Property and equipment maintenance

Utilities
Repairs and maintenance
Insurances
Depreciation		 Unrestricted
Restricted
2022
2021
£
£
£
£
12,302
-
12,302
8,366
498
7,785
8,283
7,478
3,751
-
3,751
3,422
-
19,609
19,609
18,779
16,551
27,394
43,945
38,045

14 Governance

Independent Examiner fees
Advertising, printing, etc.
Sundry expenses
Bank interest and charges
Presbytery fees		 Unrestricted
Restricted
2022
2021
£
£
£
£
250
-
250
216
4,202
-
4,202
3,786
162
-
162
41
103
-
103
140
855
-
855
1,000
5,572
-
5,572
5,183

22

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2022

15 Fixed Assets

Cost or valuation
At 1 January 2022
Additions
Disposals
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 1 January 2022
At 31 December 2022		 Fixtures &
Land
Buildings
Equipment
Total
£
£
£
£
71,839
434,821
111,440
618,100
-
4,872
4,149
9,021
-
-
-
-
71,839
439,693
115,589
627,121
19,316
224,531
83,168
327,015
759
8,697
10,153
19,609
20,075
233,228
93,321
346,624
52,523
210,290
28,272
291,085
51,764
206,465
22,268
280,497

Land and buildings and other fixed assets have been recognised at the date of transition to FRS 102 and the Charities SORP (FRS 102). The buildings comprise the Church building, church halls, youth hall and the manse and their contents. The buildings which were built or purchased within the past 50 years have been recorded on a historical cost basis with associated accumulated depreciation based on a useful economic life of 50 years. Buildings that are older than 50 years are considered to be fully depreciated.

16 Investments

Investments consist solely of investment properties.

Value at start of year
Fair value movements
Value at end of year		 2022
2021
£
£
125,000
125,000
-
-
125,000
125,000

A valuation of the investment property in respect of 2016 and 2017 was performed in September 2018 by Julie Gibson of McClelland Salter who is a Registered Valuer and a member of RICS. The trustees consider that the valuation at 31 December 2017 remains appropriate and have therefore not adjusted the value at 31 December 2022.

17 Debtors

Gift Aid debtor
Accrued income and prepayments		 2022
2021
£
£
20,552
6,270
354
3,782
20,906
10,052

23

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2022

18 Cash at bank and in hand

No. 1 account - general
No. 2 account - property
No. 3 account - missions & charities
No. 4 account - savings
Organisations' accounts balances
19
Creditors
United Appeal accrual
Other PCI accrued donations
Accrued mission expenses
Other accrued expenses
Deferred income
20
Staff costs and employee benefits
Gross salaries and wages
Social security costs
Minister pension costs
Staff pension costs
Ministry expenses
Staff expenses		 2022
2021
£
£
36,805
29,043
20,856
12,382
49,847
88,539
280,290
279,682
26,004
23,966
413,802
433,612
2022
2021
£
£
-
-
4,373
6,460
274
274
2,777
1,182
-
-
7,424
7,916
2022
2021
£
£
74,863
89,314
6,486
7,376
10,108
9,885
328
526
7,582
9,764
978
744
100,345
117,609

There were no employees who received total employee benefits (excluding employer pension costs) in excess of £60,000 (2021: nil).

The key management personnel of the charity, the Church, comprise the trustees (members of the Kirk Session) and the minister. The total employee benefits of the key management personnel of the Church were £65,088 (2021: £65,214).

24

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2022

21 Staff numbers

The average employee head count for the year was as follows:

Minister and Assistant Minister
Other staff		 2022
2021
£
£
2
2
3
3
5
5

22 Trustees' expenses and remuneration

There were no trustees who received expenses during the year.

There was one trustee who received remuneration during the year.

Rev. Robert Liddle received gross salary totalling £48,598, expenses of £6,382 and the Church contributed £10,108 to The Presbyterian Church in Ireland's Pension Scheme (2009). These amounts were for Rev. Liddle's services as the minister of the Church and not as a trustee. This remuneration is as determined and permitted by Kirk Session.

23 Related party transactions

Please refer to note 22 for transactions with trustees during the year.

During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland, a separate charity:

£16,000 for congregational assessments

£14,100 towards the United Appeal

£4,373 towards the World Development Appeal

£9,002 towards the Moderator's Appeals

£771 towards the Students' Bursary Fund

The congregation contributed £855 towards Presbytery Assessments during the year.

Other related party transactions:

Tricord Limited is a company with a shareholder, John Rodgers, who is a trustee of the charity. During the year the charity made purchases amounting to £4,493 from Tricord Limited.

Liz-Mar Cake Shop is a business whose owner, Lawrence Campbell, is a trustee of the charity. During the year the charity made purchases amounting to £208 from Liz-Mar Cake Shop.

25

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2022

24 Analysis of movement in charitable funds

Unrestricted income funds
Restricted income funds
Restricted land & buildings fund		 Balance at
Balance at
01/01/2022
Income
Expenditure
31/12/2022
£
£
£
£
335,031
182,512
(175,553)
341,990
123,482
169,380
(184,093)
108,769
393,320
-
(11,298)
382,022
851,833
351,892
(370,944)
832,781

There were no transfers between funds during the year.

Details of each fund can be found at note 1.2.

25 Analysis of net assets between funds

Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
Creditors of more than one year		 Unrestricted
Restricted
Restricted
funds
funds
L&B funds
Total
£
£
£
£
-
23,475
382,022
405,497
323,861
89,941
-
413,802
18,129
(4,647)
-
13,482
-
-
-
-
341,990
108,769
382,022
832,781

26