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2023-12-31-accounts

Legacurry Congregation of the Presbyterian Church in Ireland

Trustees' Annual Report and Financial Statements for the year ended 31 December 2023

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 - 28

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 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Legacurry Presbyterian Church congregation of the Presbyterian Church in Ireland 307 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 (retired 17/09/2023) David Smyth (appointed 26/02/2023) Alan Little (appointed 26/02/2023) Adam Thompson

PRINCIPAL OFFICE BEARERS

Minister Vacant from 17/09/2023 following retirement of Rev. Robert Liddle Clerk of Session John Ferguson Treasurer Philip Brown (appointed 09/05/2023 following retirement of Robert McCullagh)

INDEPENDENT EXAMINER

SOLICITORS

Ivan Shannon & Company W.G Maginess & Son 39 Church Street 68 Bow St Ballynahinch Lisburn BT24 8AF 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 2023.

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 three paid members of staff: the Minister (full time), a Praise Co-ordinator (5 to 7 hours per week) and a Ministry Co-ordinator (12 hours per week). There was one leaver during the year due to Rev. Robert Liddle's retirement in September 2023.

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 five Sacraments of Baptism and gave thanks for faithful services and sought to comfort those who had been bereaved during the year. There were five weddings held during the year.

At 31 December 2023 there were 320 communicant members and 335 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 live streamed and available online.

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 Christian Family Centre, Christians Against Poverty, Evangelical Alliance, Graham McClellan, International Meeting Point, Jackie Burke, Lisburn Food Bank and Youth for Christ Ballysillan.

Our Annual car night in June 2023 raised funds for our Africa projects in Burkina Faso and South Africa. 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 environment.

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 Yotshani NPC 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 International Meeting Point and raised £5,610.

Throughout 2023 the congregation has been working in partnership with Brian & Maria Liggett and Impande Foundation in KwaZulu Natal, South Africa to support local community projects.

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 2023.

Property

There were no significant refurbishments that took place to the church property during the year. There was £2,100 spent on audio-visual equipment for the church and £19,046 spent on architect and planning fees relating to the Church Manse site. The church continues to receive £3,540 in respect of solar panel income each year.

Organisations

  1. 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.

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

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

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

  5. Girls’ Brigade – meets every Wednesday during school term time. Activities include teaching the bible, games, craft and drama. Approximately 102 members.

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

7

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

Organisations (cont'd)

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

  2. Legacurry Tots – meets once a week during school term time and promotes relationship building between young families in the church and the community. Approximately 10 families attending each week.

  3. 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.

  4. Sunday School – held during church every Sunday during term time. Approximately 60 attending during 2023.

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

  6. Women’s Book Group – meet periodically to review books and have fellowship in members’ houses. Number of around 14 attending regularly.

  7. Youth Fellowship - met throughout the year with up to 40 attending.

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.

8

Legacurry Presbyterian 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 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 226 contributing families during the year (242 in 2022) donating a total of £376,475 (an 18.5% increase on receipts of £317,789 in 2022). There have been several movements within this increase with the main movement being the increase in regular direct giving to the missions funds.

The total income from all sources in 2023 was £411,851, an increase of 17% on 2022 (£351,892) .

Total expenditure of unrestricted funds in 2023 was £142,305 compared with £175,553 in 2022. There have been various small movements in this expenditure. The largest movement was a decrease of £30.5k for ministry and staff costs, the majority of which is due to our Minister retiring in September 2023. The comparative costs for 2022 also included staff costs for the Assistant Minister and Youth Work who left throughout 2022 and were not replaced. The Life and Work decrease is mainly due to there being no church weekend at Castlewellan Castle in 2023. Property and equipment costs increased by £8k in the year - utilities remained similar to 2022 however the main increase was within repairs and equipment which varies each year.

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 £348,341, 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

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.

10

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

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 14 May 2024 and signed on its behalf by:

...........................................

Signed: J. Ferguson Name: John Ferguson, Clerk of Session on behalf of the trustees

11

Independent examlner's report to the charity trustees of Legacurry Congregation of the Presbyterlan Church in Ireland. I report on the accounts of Leg8cum/ Congregation of the Presbyterian Church in Ireland for the year ended 31 December 2023, which are set out on pages 13 to 28. Re8pectlve responslbllities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance wtth the Charities Act (Northem Ireland) 2008. It is my responsibility to. 1. Examine the accounts under sectlon 65 of the Charities Act 2. Follow the procedures laid down In the general Directions given by the Commission under section 65(9)(b) of the Charities Act 3. State whether particular matters have come to my attentlon. BaBI8 of Independont examlnerf8 report I have examined your charlty accounts as required under section 65 of the Charits'es Act and my examination was carried out in accordance with the general Directions glven by the Charity Commisslon for Northern Ireland under section 65(9)(b) of the Charities Act. My 8xamlnation included a revlow 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 or disclosures in the accounts and seeking explanations from you as charity trustees concernlng any such matters. My role Is to state whether any material matters have come to my attention givlng me cause to believe: 1. That accountlng records were not kept In accordance with sectlon 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accountlng requirements of the Charltles Act 4. That there is further Informatk)n needed for a proper understanding of the accounts to be reached. Independent examlner'8 Statement I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commlsslon for Northern Ireland, I have found no matters that require drawing to your attention. Slgned., - ( kn&p-Q Name: Kelly Gillespie FCA Relevant professional quallfication or body.. Charte￿d Accountsnts Ireland Address., 39 Church Street, Ballynahinch, Co Down, N Ireland, BT24 8AF Date: 14 May 2024 12

Legacurry Presbyterian Church Statement of Financial Activities For the year ending 31 December 2023

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
2023
2022
£
£
£
£
188,853
67,930
256,783
213,371
9,644
110,048
119,692
104,419
2,822
1,050
3,872
5,799
3,922
-
3,922
624
-
19,297
19,297
11,721
4,263
4,022
8,285
15,958
209,504
202,347
411,851
351,892
400
1,285
1,685
3,751
16,295
-
16,295
16,000
69,821
-
69,821
100,345
30,550
300
30,850
35,824
1,245
161,108
162,353
155,825
16,841
34,782
51,623
43,945
7,153
166
7,319
5,572
-
19,334
19,334
9,682
142,305
216,975
359,280
370,944
67,199
(14,628)
52,571
(19,052)
(60,848)
60,848
-
-
-
-
-
-
6,351
46,220
52,571
(19,052)
341,990
490,791
832,781
851,833
348,341
537,011
885,352
832,781

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

13

Legacurry Presbyterian Church Balance Sheet As at 31 December 2023

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		 2023
£
281,034
125,000
406,034
44,528
443,943
488,471
9,153
479,318
885,352
348,341
165,187
371,824
885,352		 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

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 14 May 2024

...........................................

Signed: J. Ferguson Name: John Ferguson, Clerk of Session on behalf of the trustees

14

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023

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

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.

15

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023

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

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.

16

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023

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.

17

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023

2 Regular direct giving

Recorded giving
Gift Aid
Loose collections
Recorded giving
Gift Aid
Loose collections
Donations and legacies
Gift days, special collections and donations
Gift Aid received on occasional gifts
Burkina Faso
South Africa
Impande
Africa Mission Projects 2023
G. McClellan
Morales Family
Jackie Burke
Tear Fund
United Appeal
World Development Appeal
Moderator's Appeals		 Unrestricted
Restricted
2023
£
£
£
151,242
53,420
204,662
35,130
14,510
49,640
2,481
-
2,481
188,853
67,930
256,783
Unrestricted
Restricted
2022
£
£
£
145,271
36,916
182,187
24,080
7,104
31,184
-
-
-
169,351
44,020
213,371
Unrestricted
Restricted
2023
£
£
£
8,450
5,662
14,112
1,194
-
1,194
-
22,421
22,421
-
10,000
10,000
-
12,788
12,788
-
48,959
48,959
-
5,000
5,000
-
2,645
2,645
-
925
925
-
250
250
-
-
-
-
1,398
1,398
-
-
-
9,644
110,048
119,692

3 Donations and legacies

18

Legacurry Presbyterian Church Notes to the Financial Statements

For the year ended 31 December 2023

3 Donations and legacies cont'd

Donations and legacies cont'd
Gift days, special collections and donations
Legacies and Bequests
Burkina Faso
South Africa
Impande
G. McClellan
Morales Family
Jackie Burke
Tear Fund
United Appeal
World Development Appeal
Moderator's Appeals		 Unrestricted
Restricted
2022
£
£
£
1,861
24,417
26,278
-
3,000
3,000
-
24,450
24,450
-
10,031
10,031
-
19,194
19,194
-
5,000
5,000
-
1,963
1,963
-
1,000
1,000
-
553
553
-
-
-
-
4,373
4,373
-
8,577
8,577
1,861
102,558
104,419

4 Activities that generate income

Income from church events
Sale or rental of books / CD's / DVD's etc.
Weddings, funerals, etc.
Hire of halls
Grave fees
Income from church events
Sale or rental of books / CD's / DVD's etc.
Weddings, funerals, etc.
Grave fees		 Unrestricted
Restricted
2023
£
£
£
1,510
-
1,510
452
-
452
-
650
650
-
400
400
860
-
860
2,822
1,050
3,872
Unrestricted
Restricted
2022
£
£
£
-
3,834
3,834
-
-
-
-
785
785
1,180
-
1,180
1,180
4,619
5,799

19

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023

5 Investment income

Unrestricted
£
Bank & Building Society interest
3,906
Other investment income
16
3,922
6
Organisations' income and expenditure
Organisations 2023
EveryWoman
Bowling Club
Boys' Brigade
Girls' Brigade
Table Tennis Club
Netwise
Flower Club
Parents and Toddlers
Sunday School
Youth Association
Organisations 2022
EveryWoman
Bowling Club
Boys' Brigade
Girls' Brigade
Table Tennis Club
Netwise
Flower Club
Parents and Toddlers
Sunday School
Youth Association
Investment income for 2022 was fully unrestricted.		 Unrestricted
£
3,906
16		 Restricted
2023
2022
£
£
£
-
3,906
624
-
16
-
3,922 -
3,922
624
Surplus /
Income
Expenditure
(Deficit)
£
£
£
858
802
56
-
-
-
8,185
6,524
1,661
5,544
4,788
756
40
100
(60)
-
-
-
-
-
-
208
250
(42)
97
955
(858)
4,365
5,915
(1,550)
19,297
19,334
(37)
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

20

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023

7 Other income

Other income
Rental income
Legacurry Preschool contributions
Miscellaneous income
Solar panel income
Rental income
Miscellaneous income
Solar panel income
Church weekend receipts
Grant - Department of Infrastructure		 Unrestricted
Restricted
2023
£
£
£
3,000
-
3,000
1,200
-
1,200
63
481
544
-
3,541
3,541
4,263
4,022
8,285
Unrestricted
Restricted
2022
£
£
£
2,920
-
2,920
494
-
494
-
2,762
2,762
6,082
-
6,082
-
3,700
3,700
9,496
6,462
15,958
Raising funds
Fundraising and events
Sum Up fees
FWO envelopes
Fundraising and events
Sum Up fees
FWO envelopes		 Unrestricted
Restricted
2023
£
£
£
-
1,271
1,271
14
14
28
386
-
386
400
1,285
1,685
Unrestricted
Restricted
2022
£
£
£
-
2,712
2,712
1
249
250
789
-
789
790
2,961
3,751

21

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023

9 Central Church assessments

Central Church assessments
Central Ministry Fund
Widows of Ministers' Fund
Incidental Fund
Prolonged Disability Fund
Ministerial Development Fund
Sick Supply Fund
Church House Repairs Fund
Students' Bursary Fund
Apprenticeship Levy		 Unrestricted
Restricted
2023
2022
£
£
£
£
5,129
-
5,129
5,146
1,048
-
1,048
1,071
4,195
-
4,195
3,967
1,048
-
1,048
867
466
-
466
492
47
-
47
65
2,331
-
2,331
2,144
1,865
-
1,865
2,037
166
-
166
211
16,295
-
16,295
16,000

Centreal Church assessments are unrestricted each year therefore no additional breakdown of the prior year's figures is required.

10 Ministry and support staff

Ministry and support staff
Minister's stipend, pension and expenses
Other Ministry and Support Staff		 Unrestricted
Restricted
2023
2022
£
£
£
£
51,046
-
51,046
65,088
18,775
-
18,775
35,257
69,821
-
69,821
100,345

Ministry and support staff costs are unrestricted each year therefore no additional breakdown of the prior year's figures is required.

11 Life and work

Life and work
Worship and Fellowship
Discipleship and Ministry
Mission and Outreach
Worship and Fellowship
Discipleship and Ministry
Mission and Outreach		 Unrestricted
Restricted
2023
£
£
£
16,832
300
17,132
1,370
-
1,370
12,348
-
12,348
30,550
300
30,850
Unrestricted
Restricted
2022
£
£
£
20,736
300
21,036
1,020
-
1,020
13,768
-
13,768
35,524
300
35,824

22

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023

12 Donations to missions and charities

Donations to missions and charities
United Appeal
World Development Appeal
PCI Moderator's Appeal
PCI Students' Bursary
Other PCI schemes
Burkina Faso Project
South Africa
Impande
Africa Mission Projects 2023
Morales Family
Jackie Burke
G. McClellan
Tear Fund
Other 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
Property and equipment maintenance
Utilities
Repairs, maintenance and equipment
Insurances
Depreciation		 Unrestricted
Restricted
2023
£
£
£
-
13,924
13,924
-
1,378
1,378
-
-
-
891
-
891
354
-
354
-
19,000
19,000
-
10,000
10,000
-
10,000
10,000
-
46,258
46,258
-
2,742
2,742
-
925
925
-
5,000
5,000
-
2,775
2,775
-
49,106
49,106
1,245
161,108
162,353
Unrestricted
Restricted
2022
£
£
£
-
14,100
14,100
-
4,373
4,373
-
9,002
9,002
771
-
771
-
23,252
23,252
-
10,031
10,031
-
-
-
-
18,000
18,000
-
1,963
1,963
-
1,000
1,000
-
5,000
5,000
-
553
553
-
67,780
67,780
771
155,054
155,825
Unrestricted
Restricted
2023
£
£
£
12,814
90
12,904
-
16,183
16,183
4,027
-
4,027
-
18,509
18,509
16,841
34,782
51,623

13 Property and equipment maintenance

23

Legacurry Presbyterian Church Notes to the Financial Statements

For the year ended 31 December 2023

13 Property and equipment maintenance cont'd

Utilities
Repairs and maintenance
Insurances
Depreciation		 Unrestricted
Restricted
2022
£
£
£
12,302
-
12,302
498
7,785
8,283
3,751
-
3,751
-
19,609
19,609
16,551
27,394
43,945

14 Governance

Independent Examiner fees
Other professional fees
Advertising, printing, etc.
Sundry expenses
Bank interest and charges
Presbytery fees		 Unrestricted
Restricted
2023
2022
£
£
£
£
506
-
506
250
399
-
399
-
4,300
-
4,300
4,202
817
166
983
162
180
-
180
103
951
-
951
855
7,153
166
7,319
5,572

Governance costs are unrestricted each year therefore no additional breakdown of the prior year's figures is required.

15 Fixed Assets

Cost or valuation
At 1 January 2023
Additions
Disposals
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 1 January 2023
At 31 December 2023		 Fixtures &
Land
Buildings
Equipment
Total
£
£
£
£
71,839
439,693
115,589
627,121
-
19,046
-
19,046
-
-
-
-
71,839
458,739
115,589
646,167
20,075
233,228
93,321
346,624
759
8,696
9,054
18,509
20,834
241,924
102,375
365,133
51,764
206,465
22,268
280,497
51,005
216,815
13,214
281,034

24

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023

15 Fixed Assets cont'd

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
Value at end of year		 2023
2022
£
£
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 2023.

17 Debtors

Gift Aid debtor
Accrued income and prepayments		 2023
2022
£
£
43,726
20,552
802
354
44,528
20,906

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		 2023
2022
£
£
67,936
36,805
6,847
20,856
20,997
49,847
322,196
280,290
25,967
26,004
443,943
413,802

25

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023

19 Creditors

Creditors
United Appeal accrual
Other PCI accrued donations
Accrued mission expenses
Accrued property expenses
Other accrued expenses		 2023
2022
£
£
-
-
1,398
4,373
-
274
3,009
-
4,746
2,777
9,153
7,424

20 Staff costs and employee benefits

Gross salaries and wages
Social security costs
Minister pension costs
Staff pension costs
Ministry expenses
Staff expenses		 2023
2022
£
£
46,248
74,863
4,397
6,486
7,959
10,108
-
328
5,526
7,582
1,951
978
66,081
100,345

There were no employees who received total employee benefits (excluding employer pension costs) in excess of £60,000 (2022: 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 £51,046 (2022: £65,088).

21 Staff numbers

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

Minister and Assistant Minister
Other staff		 2023
2022
£
£
1
2
2
3
3
5

26

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023

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 £37,561, expenses of £5,526 and the Church contributed £7,959 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:

£16,295 for congregational assessments

£13,924 towards the United Appeal

£1,378 towards the World Development Appeal

£891 towards the Students' Bursary Fund

£5,202 towards International Meeting Point

The congregation contributed £951 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 £4,321 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 £239 from Liz-Mar Cake Shop.

24 Analysis of movement in charitable funds

Unrestricted income funds
Restricted income funds
Restricted land & buildings fund		 Balance at
Income
Expenditure
31/12/2023
£
£
£
£
209,504
(142,305)
348,341
202,347
(206,777)
165,187
-
(10,198)
371,824
341,990 (60,848)
108,769 60,848
382,022 -
Balance at Fund
01/01/2023 Transfers
411,851
(359,280)
885,352
832,781 -

27

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023

24 Analysis of movement in charitable funds cont'd

During the year the following transfers between funds took place:

Details of each fund can be found at note 1.2.

25 Analysis of net assets between funds

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
£
£
£
£
-
34,210
371,824
406,034
330,877
113,066
-
443,943
17,464
17,911
-
35,375
-
-
-
-
348,341
165,187
371,824
885,352

28