Edengrove Presbyterian Church a congregation of the Presbyterian Church in Ireland Trustees Annual Report and Flnancial Statements for the year ended 31 December 2023 Reglstered wlth the Charlty Comm15slon for Northern Ireland NIC105309
TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2023 including a Balance Sheet as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Edengrove Presbyterian Church congregatlon of the Presbyterian Church In Ireland 15- 17 Dromore Road Ballynahinch Co. Down BT24 8HP Reglstered Charity in Northern Ireland (NIC105309) CHARITY TRusfEES The Charity Trustees who served during the year or who were trustees at the date of this report were Scott Woodburn Rlchard Currie Jim Stokes Bill Reid Roy Peake Maurlce Douglas Winston Shaw Quinton Crean Kenny 81aney Colin Patterson Ronnie Long Dave Mcconkev John Coulter Billy Mcconnell PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Scott Woodburn Dave Mcconkey Willlam Mcculla INDEPENDENT EXAMINER Carol Nelson Nelson Accountancy Services 17 Barclay Manor Dromara BT25 2HX
TRUSTEES ANNUAL REPORT {conVd) BANKERS Ulster Bank la Main Street Ballynahinch BT24 8AP SOLICITORS Murlands Solicitors 2 Dromore Street Ballynahlnch BT24 8AG
TRusfEES ANNUAL REPORT (convd) STRUCTURE AND MANAGEMENT The Klrk Sesslon The charity trustees of the congregation are the members of its Kirk Sesslon. 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 ensure5 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 cornmunlty. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation Including admlnisterlng all funds and property belonglng to the con8regation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordalned minlster and the ruling elders of the congregatlons. All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the minlster in active duty in the con8re8ation, has no deliberative but only a casting vote. Stated meetings of the Kirk sesslon are held 10 times each year. To be chosen for the office of the eldership in the congregatlon a person must be a votin8 member and a regular attendant on Its ordinances. The selectlon 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. Presbytsry Under the Presbyterlan Church in Ireland form of governance the corporate oversight of a congregatlon is the responsibility of a Presbytery whlch superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church In Ireland. Edengrove Presbyterian Church has been assigned to the Down of the Presbyterlan Church in Ireland. The membership of the Presbytery consists mainly of the active mlnisters of congregations assigned to It by the General Assembly, minsters who have retired from active duty and an elder appolnted by the Kirk Session of each congregation. 41page
TRUSTEES ANNUAL REPORT (cont'd) The General Assembly The General Assembly is the supreme court of the Church, representlng in one body the whole Church and atting as its supreme leglslative, admlnistration and judicial authority, in deallng with all matters brought before it. The General Assembly is normally constituted during the first week In June for worship and to conduct its buslness. At the end of buslness it Is dlssolved. The membership of the General Assembly consists mainly of the active ministers of each congregatlon, retired mlnsters and a representative elder appointed by the Kirk Session of each congregation. DESCRIPTION AND PURPOSE Edengrove Presbyterian Church is a congregation of the Presbyterlan Church In Ireland. The Presbyterian Church in Ireland, as a Reformed Church wlthin the wlder body of Christ 15 grounded in the Scripture5 and exists to love and honour God through faith in His Son and by the power of HIS Splrlt, and to enable her members to play their part In fulfilllng God's mission to our world. The congregation's mlsslon purpose Is- Jesus sald "All authority In heaven and on earth has been glven to me. Go therefore and make disciples of all nations baptisin8 them In the name of the Father and of the Son and of the Holy Spirit, teachlng them to observe all that I have commanded you. And behold l am wlth you always, to the end of the age". Matthew 28:18- 20. By the grace of God, to help people of all ages become fully devoted followers of Je5US Christ. Our vision is, by the grace of God and in obedience to Scripture, to be an inclusive, welcoming community of Chrlsvs people of all ages, which: Is increasingly characterlsed by love for God, and love and concern for others. Is committed to the historlc Christian 80spel a5 revealed in the Blble; is relevant to people of this time and place. The congre8ation aims to live out its Mission and Vision as a family of God's people by being: A Covenant Community: where our relatlonships are rooted in the promises of God by livlng faithfully toward him and toward one another An Intergenerational Community: where adults intentionally tske the lead to engage with, encourage and nurture younger members to maturity in Christ. An Outward looking Communlty: where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bounds of our community. 51 Page
TRUSTEES ANNUAL REPORT (¢onVd) As a congregation of the Presbyterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechisms set out what we understand the Bible teaches on key matters of Christlan faith and practice. AcfiviTIES AND OBJEcfivES The congregation meets for worship every Sunday and vlsitors 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 falth In the Lord Jesus Christ are admitted to the Lord's Supper. The congregatlon holds regular bible study meetlngs and has a wide range of organisations including:_ Sunday School Girls Brigade Basement - Youth Club Holiday Bible Club Bow15ng Club Mid-week Fellowship Edengrove Cares ACHIEVEMENTS AND PERFORMANCE Worshlp and prayer The congregation normally meets for worship each Sunday mornlng at 11am and monthly at 6.00pm. Durlng the week the Bible Study provides an opportunity for members to meet tO8ether for fellowshlp, to study the scrlptures and for a time of prayer. As well as our regular services during the year we acknowledged God's 8ift of new life at flve Sacraments of Baptlsm, we conducted one marriage service and gave thanks for faithful ministry and sought to comfort those who had been bereaved during the year. At 31st December 2023 there were 169 communicant members and 202 families connected with the congregation. The average week attendance at morning worship is 167. Pastoral care Members who are unable to attend church due to sickness or age are contacted on a regular basis by the minister, elders or by one of the congregatlon's pastoral visitors. 61Page
TRUSTEES ANNUAL REPORT {conYd) Mlsslon and outreach At a local level the congregation works wlth neighboring churches to reach the lost in 8allynahinch. We actively support the work of the Edge and the Food 8ank. The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to 5LlPPOrt the wider mission of the denomination and to do mission and outreach on denominational basis beyond what the con8re8ation could do on its own. The Unlted Appeal Fund provldes flnancial 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 premlses, assist with the running Costs of Unlon Theological College, the Church's training college for minlstry students, and financially sUPPOrts congregation in the areas of wor5hlp, dlsclpleshlp, global mission, outreach, leadershlp and pastoral care. Presbytery The congregation was represented at the gUlar meetings of Presbytery by our minister and another elder. Thls provides an Important Ilnk between the con8regations and the wider structures of the church. General Assemblv The minister and another elder were nomlnated to attend the meetlng of the General Assembly of the Presbyterian Church in Ireland held In Assembly Buildings, Belfast, In June. Property There were no major refurbishment or additions to the property durin8 the year whlch consists of the church, halls and manse. Or8anlsatlons Sunday School - We provlde a creche and have classes up to rnld-teens. Glrls Brlgade- The Glr15 Brigade rneets every Monday frorn September to Easter. Basement- Thls is our Youth Club type organisatlon and meets every Friday evening. Holiday Bible Club - Each June the congregation operates a bible club for the children of the local community. We welcome over two hundred children each night.
TRUSTEES ANNUAL REPORT (cont'd) Mid-week Fellowship - Meets on the first and third Wednesday of the month. Attendees enjoy food and fellowship before engaging in the worship of God. Bowling Club- The bowlers meet Thursday & Saturday evenings from 7.30pm Edengrove Cares. Thls Is an organisation established to provlde practical support to members of the congregation in times of need. Volunteer5 The Trustees wlsh to acknowledge their deep appreciation of those who give freely of their tlme by servlng on committees and helping with organlsations and other church activities. PUBLIC BENEFIT STATEMENT The Presbyterian Church In Ireland meets the public benefit requirement by providing benefit to it5 members and the 8eneral public by makln8 known the Chrlstlan Gospel of the Lord Jesus Chrlst through the advancement of religion. The direct benefits whlch flow from the purposes of the Church Include the gaining of an understanding in Chrlstlan bellefs as set out in the Bible and in the Church's subordinate standards (the Westmlnster Confesslon of Faith and the Shorter and Larger Catechisms) leading to splritual and moral development and opportunlt5es for response to Bible teaching. In turn, this framework leads to practical expressions of Chrlstian bellefs and standards In the local community such as through the care of those in need (including the sick, disabled and bereavedl. 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 facllitated by central resources in almost all cases. Publlc access is made known through the use of notlceboards, printed material, press advertisement, websites, and social medla or In other ways. The benefits are demonstrated through regular evaluation of the services and Informal and ad-hoc feedback from members, thelr families, and members of the public.
TRUSTEES ANNUAL REPORT (cont'd) The purpose does not lead to harm. The only prlvate benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Misslon workers and Lay Agents who receive benefits as a result of thelr 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 dIrt and indirect contact with, the communitv In whlch 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 Christlan and other secular organisatlons, charities and individual members of the public, The Klrk Sesslon has had regard to the Charity Commi55ions public beneflt requirement statutory 8uidance. 91page
TRUSTEES ANNUAL REPORT {cont'd) FINANCIAL REVIEW Total income increased by 14% in 2023, but 8% of this increase was accounted for by an anonymous donation towards Young Adults work. The congregation's main source of income is members, contributlons through the Weekly Freewill Offering. There were 192 contributors during the year1209, 2022] donating a total of £193,739 {£163,917 in previous year, 2022). Total Income of the congre8atlon durin8 the year w35 £238,561 compared to £209,834 in the previous year. Total expendlture Increased from £283,827 to £300,668. Depreciatlon of £85,411 was charged during 2023 (£85,411 in 2022). RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS The Trustees are responsible for preparlng the Annual Report and the financlal statements in accordance with applicable law and Unlted Kingdom Generally Accepted Accounting Practlce. The Trustees are requlred to prepare financial statements for each financial year whlch 8lve a true and fair vlew of the state of affairs of the con8re8ations and the financial activlties for that year. In preparin8 the financial statements the Trustees are required to: select suitable accountlng policies and then apply them consistently make Judgement5 and estimates that are reasonable and prudent prepare the financlal statements on the going concern basls unle55 it is inappropriate to presume that the Funds will continue in operation. The Trustees are responsible for keeping adequate accountin8 records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial positlon of the congre8ations and enable them to ensure that the financial staternents comply with the Statement of Recommended Prattice "Accounting and Reporting by Charltles11 January 2015)" They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularities. IOIPage
EDENGROVE PRESBYERIAN CHURCH THE PRESBYTERIAN CHURCH IN IRELAND ANNUAL REPORT For the year ended 31 December 2023 GOING CONCERN The activities of the congregation are dependent on ongoing contributlon5 from its members. The Trustees are of the opinion that the congregatlon has sufficient resources at the date of approval of these financial statements to meet commitments whlch will arise in the year from the date of slgnlng this report and subject to the continuing support from members to fund on an ongoing basls the congregation's current activities and other financlal commitments. RESERVES POLICY The Trustees have consldered the level of unrestrlcted reserves that it is appropriate to hold takin8 account of current and ongoing commitments. It is the policy of the Trustees to hold at least three month's normal expenditure. At the year-end unrestricted reserves were £72,805 whlch represents a hlgher level of reserves. The Trustees however, consider it prudent to hold reserves at thls 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 rfsks are In relation to the likelihood of reputational damage and financial risks assoclated with the expectation of ongoing fSnancial support from members. These risks are mitigated by the Trustees, and the Congregational Committee, regularly monitoring the varlous activities of the con8re8atlon at stated meetings and by encouraging members In their regular giving. Approved by the Kirk Session at a meetin8 on IlTrloYfnd signed on its behalf by Signed on behalf by Scott Woodburn ve Mcconkey IIIPage
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF EDENGROVE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND I report on the accounts of Edengrove Presbyterian Church for the year ended 31 December 2023, which are set out on pages 14 to 28. Respectlve responsibflltle5 of tharity trustees and exarnlner As the charitWs trustees you are responsible for the preparation of the accounts in accordance wlth the Charitles Act (Northern Ireland) 2008. It Is my responsibility to: examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directlons given by the Commission under Section 65(9){b) of the Charitles Act • state whether partlcular matters have come to my attentlon. Basis of Independent examlnees report I have examined your charity accounts as requlred under section 65 of the Charltles Act and my examinatlon was carrled out in accordance with the general Dlrectlons given by the Charity Commisslon for Northern Ireland under section 65191(b) of the Charities Act. My examlnation included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also Included conslderation of any unusual Items or dlsclosures in the accounts, and seeking explanations from you as charlty trustees concerning any such matters. My role is to state whether any material matters have come to rny attention glving me cause to believe: l. That accounting records were not kept In accordance with section 63 of the Charities Act 2. That the accounts do not accord wlth those accountlng records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there Is further inforrnatlon needed for a proper understanding of the accounts to be reached. 121page
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF EDENGROVE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND (conyd) Independent examlnerfs statement I have completed my examinatlon and have no concerns in respect of the matter5 (1) 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 drawin8 to your attention. Name: Relevant profe55lonal qualification or body: Address: 2£ Date: IS 131page
STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2023 Income and Endowments from: Donations and legacles Charitable activities Other tradlng activitles Investments 128,915 93,267 3,610 12,198 571 222,182 3,610 12,198 571 195,764 4.888 8,589 593 Total 128,915 109.646 238,561 209,834 Expendlture on: Raising funds Charltable activlties 931 931 299,737 931 282,896 123,084 176,653 Total 124,015 176,653 3¢JJ,668 283,827 Net 8ains/(losses) on Investments 2.431 2,431 {2,405) Net Income l (expendlture) Transfers between funds Gains/(losses on revaluation of flxed assets 4,900 {64,576) 159,6761 (76.398) Net movement Sn funds Reconciliation of funds: Total funds brought forward 4,900 164,576) 159,676) (76,398) 67.905 3.625.390 0 3693,295 3,769,693 Total funds carrled forward 72,805 3,560.814 3633,619 3,693,295 141Page
BALANCE SHEET As at 31 Decernber 2023 Fixed assets: Tangible assets Investments 10 0 3,396,709 0 3,396,709 3,482,120 11 29.293 29,293 26,862 Total flxed assets 3426,002 3426,002 3508,982 Current asset5 Debtors 13 19,263 11,520 30,783 26,375 Cash at bank and In hand 14 54,042 125,527 179,569 160,340 Total current assets 73,305 137,047 210,352 186,715 Liablllties: Credltors: Amounts falling due wlthln one year 15 2.235 2.73S 2.402 Net current assets 72,805 134,812 207,617 184,313 Total assets less current Ilabllities 72,805 3560,814 3633,619 3693,295 Total net assets 72,805 3560,814 3633,619 3693,295 151page
BALANCE SHEET As at 31 December 2023 Funds of the charlty Restrlcted income funds 16 3560,814 3560.814 3.625.390 Unrestricted funds 16 72,805 72,805 67,905 Total charlty funds 72,805 3560.814 3633,619 3693,295 Approved by the Klrk Session at a meeting on and slgned on its behalf by Scott Woodburn Dave Mcconkey Dated I I 161p,Ige
NOTESTOTHE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with Accountlng and Reportlng by Charltles: Statement of Recommended Practlce applicable to charities preparlng their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective l January 2015). The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The flnancial statements include all transactlons, assets and liabilities for which the congregation Is responsible in law. They do not include the accounts of church groups that owe their afflllatlon to another body, nor those that are Informal gatherings of church members. FUND ACCOUNTING Endowment funds are funds, the capltal of which must be retained either permanently or at the congregation's discretlon. the income derived from the endowment is to be used elther as restricted or unrestricted Income funds depending upon the purpose for which the endowment was e5tabllshed in the first place. Restricted funds comprise (a) Income from endowments which is to be expended only on the restrlcted purposes Intended by the donor and Ib} 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 avera8e balance bas15. Unrestricted funds are Income funds whlch are to be spent on the congregation's general purposes. Desi8nated funds are general funds set aslde by the congregation for use In the future. 171page
NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POUCIES (convd) INCOMING RESOURCES (l) Recognltlon of Incomlng resources These are included In the Statement of Financial Activlties (SOFA) when: the congregation becomes entitled to the resources; the trustees are vlrtually certain they will recelve the resources; and the monetary value can be measured with sufficient rellably. 111) Incomln8 resources wlth related expendlture Where Incoming resources have related expendlture {as with fundraisin8 income) the Incomln8 resources and related expenditure are reported gross in the SOFA. (111) Grants and donations Grants and donatlons are only Included In the SOFA when the congregation has unconditional entitlement to the resources. (Iv) Tax reclalm5 on donatlons and glfts Incoming resources from tax reclalms are included in the SOFA at the same tlme as the gift to which they relate. (v) Contractual Income and performance related 8rants This is only included in the SOFA once the related goods or services have been delivered. (vl) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. (vll) Investment Income This is included in the accounts when recelvable. (vlll) Investment gains and10sses Thi5 includes any galn 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. 181page
NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES (convdl EXPENDITURE AND LIABILITIES Llablllty recognltlon Llablllties are recognised as soon as there is a legal or constructlve obSigation commltting the congre8atlon to pay out resources. (x) Governance costs These are shown within charitable activities and Include the costs of preparation and examlnatlon of accounts, the costs of trustee meetlngs and cost of any legal advice to trustees on governance or constitutlonal matters. (xl) Tan8lble Flxed Assets Tanglble flxed assets for use by charity are capitallsed If they can be used for more than one year, and cost at least £5,000. They are valued at cost or, if glfted, at the value to the charitv on receipt. Depreclatlon Is recorded on all tangible fixed assets other than freehold land, at rates calculated to wrlte of the cost, less estlmated resldual value, of each asset over its expected useful Ilfe as follows Bulldlngs: Fixtures, flttlngs and equipment Motor Vehicles Computers, software and technical equipment - over 50 years over 10 years over 4 years over 4 years 191pa£e
NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLiaES (convd) DONATIONS AND LEGACIES Recorded glving: Donations and gift5 Gift Aid Legacie5 and bequest 110,788 82,951 18,127 10.316 0 193,739 163,202 0 28,443 26,472 6,090 128,915 93.267 0 222,182 195,764 CHARITABLE ACTIVITIES Membership fee5 Fundralslng events Grants 560 1,060 1,990 560 1,060 1,990 470 996 3,422 3,610 3,610 4,888 20IPaEe
NOTES TO THE ACCOUNTS 31 December 2023 OTHER TRADING AcfiviTIES Letting of premlses 12,198 0 12,198 8,589 0 12,198 0 12,198 8,589 INVESTMENTS General Investment Fund 571 571 593 571 571 593 RAISING FUNDS 1111 _1 21 FWO envelopes 931 931 931 931 931 931 211Page
NOTES TO THE Accoumrs 31 December 2023 CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Mlnlstry and support staff costs Congregational running expenses Donations to Missions and charltles Governance costs 10,711 888 95,7S2 14,112 132,198 10,711 10,242 888 789 0 95,752 89,494 0 133,803 134,684 44,455 0 44,455 47,086 1,621 1,621 601 123,084 176,653 0 287,230 282,896 EMPLOYEES Employment Costs Wages and Salaries Soclal Security Costs Pension contributions 80,502 74,881 4,938 4,830 10,312 9,783 95,752 89,494 221Page
NOTESTO THE ACCOUNTS 31 December 2023 The average number of employees, including the mlnister of the congregation, during the year was Average number of employees There were no employees in receipt of employee benefits in excess of £60,000. PENSION COSTS The minister of the congregatlon Is a member of the Presbyterian Church in Ireland Pension Scheme (2009). This is a scheme operated by the preSberlan Church in Ireland, a separate registered charity. The congregation pays an assessment to the Pre5berlan Church in Ireland equlvalent to the employerfs penslon contrlbution for the Scheme and based on the stipend paid to the minlster. The Presbyterian Church in Ireland Pension Scheme {2009) is a funded Scheme of the defined benefit type. providing defined benefits based on career avera8e 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 fundlng plan to ensure the Scheme Is sufficiently funded to meet current and future obligations. A formal schedule of contrlbutlons 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 servlce, expenses, the cost of Insurlng death in service beneflts and funding the scheme deficit. The contributions made by the congregation durln8 the year were Contrlbutions 9,043 8,613 231Pa8e
NOTES TO THE ACCOUNTS 310ecember 2023 The congregatlon operates a defined penslon contribution policy for Its employees. The scheme and its assets are held by an independent scheme manager. The penslon charge represents the contributions due from the congregation durlng the year 2023 2022 Contributions 1,269 1,170 10. TANGIBLE FIXED ASSETS Cost or valuatlon At start of year Additions DIsposa15 3924242 69,329 30,000 4023571 At end of year 3924,242 69,329 30,000 4023571 Depreclatlon At start of year Provlslon for year Disposals 470910 40,541 30,000 541,451 78,485 6,926 0 85,411 At end of year 549,395 47,467 30,000 626,862 Net Book Value At start of year 3374,847 21,862 0 3396,709 At end of year 3453.332 28,788 0 3482,120 241page
NOTES TO THE ACCOUNTS 31 December 2023 11. INVESTMENTS 2023 2022 General Investment Fund 29.293 26,862 29,293 26,862 12. INVESTMENTS (Cont'd) 2023 2022 Value at start of year Addltlons Disposals Impairment Gains / (Losses on revaluation) 26,862 29,267 2,431 (2,405) Value at end of year 29,293 26,862 13. DEBTORS 2023 2022 Glft Aid Recoverable Prepayments 28,486 26,376 2,297 30,783 26,376 251page
NOTES TO THE ACCOUNTS 31 December 2023 14. CASH AT BANK AND IN HAND 2023 2022 Bank current accounts 179,569 160,340 179,569 160,340 15. CREDITORS: amount falllng due wlthln one year 2023 2022 Accruals 2,735 2,402 2,735 2,402 261page
NOTES TO THE ACCOUNTS 31 Decernber 2023 16. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at stsrt Income Expend. Gains/ Losses Transfer Balance at end Unrestrlrted Funds General Account 67,905 128,915 124,015 72,805 67,905 128,915 124,105 72,805 Restrlcted Funds General Account Property Account Graveyard Account Mission Fund Eden Grou EWF Caterin Group Frlend5hip Group GB Bowling Club Edengrove Cares General Investment Fund 20,000 1,394 35,870 124,785 424 137 44,966 44,568 18,606 0 3448,243 37,799 6,956 1,663 234 3537,158 37,512 6.558 1,663 214 69 200 9,088 4,661 1,405 26,862 320 300 69 200 3,033 1,427 740 4,184 2,052 1,830 10,239 5,286 2,495 29,293 2,431 3625,390 109,646 176,653 2,431 0 3560,814 271Page
NOTES TO THE ACCOUNTS 31 December 2023 17. RELATED PARTY TRANSACTION One of the Trustees, the minister of the congregation recelved remuneration of £38,180 and expenses of £7,852 for acting in that capacity. Pension contrlbutions of £9,043 were paid by the congregation in respect of the minister to the Presbyterian Church In Ireland Penslon Scheme (2009). Another of the trustees is employed as a youth worker by the church. The youth worker received remuneration of £31,282 for actlng in the capacity. Pension contributions of £938 were pald by the congregation. None of the other trustees received any remuneration, but 3 trustees claimed expenses of £815 during the year in connectlon with their duties. During the year the congregation contrlbuted the followlng amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charitv £10,711 for congregatlonal assessment5 £9,420 towards the Unlted Appeal £1,000 towards Overseas Missions The congregatlon contributed £888 towards Presbytery Assessments durlng the year. There were no other related party transactions. 281Page