CONNOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY
For the year ended 31 December 2022
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investments 5 Other 6 Total Expenditure on: Raising funds 7 Charitable activities 8 Other 9 Total Net Income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted Funds £ 158,429 1,822 300 468 711 161,730 (1,081) (127,992) - (129,073) 32,657 275 32,932 257,107 290,039 |
Restricted Funds £ 71,307 17,834 1,655 59 - 90,855 (-) (132,706) - (132,706) (41,851) (275) (42,126) 2,008,850 1,966,724 |
Endowment Funds £ 72,911 - - - - 72,911 - - - - 72,911 - 72,911 - 72,911 |
Total Funds 2022 £ 302,647 19,656 1,955 527 711 325,496 (1,081) (260,698) - (261,779) 63,717 - 63,717 2,265,957 2,329,674 |
Total Funds 2021 £ 199,206 12,653 1,349 318 - 213,526 (1,020) (203,278) - (204,298) 9,228 - |
|---|---|---|---|---|---|
| 9,228 2,256,729 2,265,957 |
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CONNOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
BALANCE SHEET
As at 31 December 2022
| Note Fixed assets: Tangible assets 12 Total fixed assets Current assets: Current Investments 13 Debtors 14 Cash at bank and in hand 15 Total current assets Liabilities: Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities Creditors: amounts falling due after one year Total net assets Funds of the charity Restricted funds 17 Unrestricted funds 17 Endowment funds 17 Total charity funds |
Unrestricted Funds £ 157,905 157,905 - 44,559 89,015 133,574 (1,440) 132,134 290,039 - 290,039 - 290,039 - 290,039 |
Restricted Funds £ 1,843,769 1,843,769 - 16,881 106,074 122,955 - 122,955 1,966,724 - 1,966,724 1,966,724 - - 1,966,724 |
Endowment Funds £ - - - - 72,911 72,911 - 72,911 72,911 - 72,911 - - 72,911 72,911 |
Total Funds 2022 £ 2,001,674 2,001,674 - 61,440 268,000 329,440 (1,440) 328,000 2,329,674 - 2,329,674 1,966,724 290,039 72,911 2,329,674 |
Total Funds 2021 £ 2,050,218 2,050,218 - 29,514 187,924 |
|---|---|---|---|---|---|
| 217,438 | |||||
| (1,700) | |||||
| 215,738 2,265,956 |
|||||
| - 2,265,956 2,008,849 257,107 - 2,265,956 |
Approved by the Kirk Session at a meeting on 25 May 2023 and signed on its behalf by
Rev Philip David Thompson Trustee
Mr William Mervyn Johnston Trustee
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CONNOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2022
1. Accounting policies
BASIS OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with applicable accounting standards. While compliance with Statement of Recommended Practice Accounting and Reporting by Charities (FRS102) is not mandatory account of the guidance contained therein has been taken in the preparation of these accounts.
The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets, and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.
FUND ACCOUNTING
the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.
Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average basis.
Unrestr
general funds set aside by the congregation for use in the future.
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities (SoFA) when:
The congregation becomes entitled to the resources.
The trustees are virtually certain they will receive the resources; and The monetary value can be measured with sufficient reliably.
Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations
Grants and donations are only included in the SoFA when the congregation has unconditional entitlement to the resources.
Tax reclaims on donations and gifts
Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.
Contractual income and performance related grants
This is only included in the SoFA once the related goods or services have been delivered.
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 sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.
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CONNOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable, and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer help
Investment income
This is included in the accounts when receivable.
Investment gains and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources.
Governance costs
These include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
Grants payable without performance conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g., allocating property cots by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Tangible Fixed Assets
Tangible fixed assets for use by charity. These are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation is recorded on all tangible fixed assets other than freehold land, at rates calculated to write of the cost less estimated residual value, of each asset over its expected useful life as follows.
Buildings -over 50 years Fixtures, fittings, and equipment -over 10 years Motor Vehicles -over 4 years Computers, software, and technical equipment -over 4 years
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CONNOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Investments
Investments are quoted on a recognised stock exchange are valued at market value at the year end. Other investment
2. DONATIONS AND LEGACIES
| Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequest |
Unrestricted Funds £ 126,660 4,964 2,889 23,916 - 158,429 |
Restricted Funds £ 36,444 5,098 20,331 9,434 - 71,307 |
Endowment Funds £ - - - - 72,911 72,911 |
Total Funds 2022 £ 163,104 10,062 23,220 33,350 72,911 302,647 |
Total Funds 2021 £ 149,787 9,766 2,404 37,249 - 199,206 |
|---|---|---|---|---|---|
3. CHARITABLE ACTIVITIES
| Income from charitable activities Fees from weddings and funerals Grants |
Unrestricted Funds £ 972 850 - 1,822 |
Restricted Funds £ 14,034 - 3,800 17,834 |
Endowment Funds £ - - - - |
Total Funds 2022 £ 15,006 850 3,800 19,656 |
Total Funds 2021 £ 8,263 190 4,200 12,653 |
|---|---|---|---|---|---|
4. OTHER TRADING ACTIVITIES
| Letting of premises 5. INVESTMENTS Deposit interest 6. OTHER INCOME Other income |
Unrestricted Funds £ 300 300 Unrestricted Funds £ 468 468 Unrestricted Funds £ 711 711 |
Restricted Funds £ 1,655 1,655 Restricted Funds £ 59 59 Restricted Funds £ - - |
Endowment Funds £ - - Endowment Funds £ - - Endowment Funds £ - - |
Total Funds 2022 £ 1,955 1,955 Total Funds 2022 £ 527 527 Total Funds 2022 £ 711 711 |
Total Funds 2021 £ 1,349 1,349 Total Funds 2021 £ 318 318 Total Funds 2021 £ - - |
||
|---|---|---|---|---|---|---|---|
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CONNOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
| 7. RAISING FUNDS FWO envelopes 8. CHARITABLE ACTIVITES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to missions & charities Governance costs 9. OTHER EXPENDITURE Loan interest |
Unrestricted Funds £ 1,081 1,081 Unrestricted Funds £ 28,912 628 71,673 22,483 2,195 2,101 127,992 Unrestricted Funds £ - - |
Restricted Funds £ - - Restricted Funds £ - - - 83,936 48,587 183 132,706 Restricted Funds £ - - |
Endowment Funds £ - - Endowment Funds £ - - - - - - - Endowment Funds £ - - |
Total Funds 2022 £ 1,081 1,081 Total Funds 2022 £ 28,912 628 71,673 106,419 50,782 2,284 260,698 Total Funds 2022 £ - - |
Total Funds 2021 £ 1,020 1,020 Total Funds 2021 £ 28,339 737 67,043 78,814 26,202 2,143 203,278 Total Funds 2021 £ - - |
|---|---|---|---|---|---|
10. EMPLOYEES Employment Costs
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 61,829 | 59,096 |
| Social Security Costs | 5,652 | 5,258 |
| Pension contributions | 9,967 | 9,747 |
| umber of employees | ||
| he average number of employees during the year were: | ||
| 2022 | 2021 | |
| No | No | |
| Average number of employees | 3 | 3 |
Number of employees
The average number of employees during the year were:
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CONNOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO
11. PENSION COSTS
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 congregation pays an 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 averaged revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24% of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit.
The contributions made by the congregation during the year were.
| Contributions 12. TANGIBLE FIXED ASSETS COST OR VALUATION At 1 January 2022 Additions Disposals At 31 December 2022 DEPRECIATION At 1 January 2022 Charge for the year Eliminated on disposal At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 13. DEBTORS Gift aid recoverable |
Farmland £ 157,905 - - 157,905 - - - - 157,905 157,905 |
Church 2,850,000 - - 2,850,000 2,850,000 - - 2,850,000 - - |
Church Hall £ 1,992,200 - - 1,992,200 395,687 39,844 - 435,531 1,556,669 1,596,513 |
2022 £ 9,967 Manse £ 435,000 - - 435,000 139,200 8,700 - 147,900 287,100 295,800 2022 £ 61,440 61,440 |
2021 £ 9,747 Total £ 5,435,105 - - 5,435,105 3,384,887 48,544 - 3,433,431 2,001,674 2,050,218 |
|---|---|---|---|---|---|
| 2022 £ 61,440 61,440 |
2021 £ 29,514 29,514 |
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CONNOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
14. CASH AT BANK AND IN HAND
| Danske Charity Account Danske Bank Sunday School Current Account Danske Bank Sunday School Deposit Account First Trust Sunday School Current Account Ablaze Bowling Club Presbyterian Women Boys Brigade Girls Brigade PayPal balance Cash in hand 15. CREDITORS: amounts falling due within one year Accruals PAYE 16. FUND BALANCES (i) Unrestricted Funds General fund (ii) Restricted Funds Property Fund Mission Fund Cemetery Fund Sunday School Ablaze Youth Club Bowling Club Presbyterian Women Boys Brigade Girls Brigade (iii) Endowment Funds Endowment fund |
2022 £ 245,147 2,732 1,082 483 - 1,014 208 10,406 6,708 220 - 268,000 2022 £ 1,440 - 1,440 2022 £ 290,039 290,039 2022 £ 1,894,004 9,870 39,217 4,297 - - 1,014 208 11,406 6,708 1,966,724 2022 £ 72,911 72,911 |
2021 £ 165,969 2,752 1,081 451 176 744 260 9,155 7,123 69 144 187,924 2021 £ 1,440 260 1,700 2021 £ 257,105 257,105 2021 £ 1,933,237 15,712 36,137 4,285 175 1,021 744 261 10,155 7,123 2,008,850 2021 £ - - |
|---|---|---|
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CONNOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
(iv)
Reconciliation of movement of funds
| Unrestricted Funds General Fund Restricted Funds Property Fund Mission Fund Cemetery Fund Sunday School Ablaze Youth Club Bowling Club Presbyterian Women Boys Brigade Girls Brigade Endowment Funds Endowment Fund Total Funds |
Opening balance £ 257,107 257,107 1,933,237 15,712 36,137 4,285 175 1,021 744 261 10,155 7,123 2,008,850 - - 2,265,957 |
Income £ 161,730 161,730 22,148 38,165 9,555 62 - - 480 5,359 5,165 9,921 90,855 72,911 72,911 325,496 |
Expenditure £ (129,073) (129,073) (61,381) (45,028) (6,475) (50) - - (110) (5,412) (3,914) (10,336) (132,706) - - (261,779) |
Transfers £ 275 275 - 1,021 - - (175) (1,021) (100) - - - (275) - - - |
Closing balance £ 290,039 |
|---|---|---|---|---|---|
| 290,039 1,894,004 9,870 39,217 4,297 - - 1,014 208 11,406 6,708 |
|||||
| 1,966,724 72,911 |
|||||
| 72,911 2,329,674 |
19. Related Party Transactions
Rev Philip Thompson is a Trustee and received renumeration of £41,526 (2021: £40,612) and pension contributions of £9,967 (2021: £9,747) through PCI with £6,810 (2021: £6,466) expenses being paid by the church.
Alistair Greer is a Trustee and received renumeration of £11,555 (2021: £11,010) in respect of his duties as caretaker during the year.
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