## **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**| 8 ## **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 9 ## **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. 10 ## **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 11 ## **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**
**£**
-
**-**| |---|---|---|---|---|---|---|---| 12 ## **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: 13 ## **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**| 14 ## **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**
**£**
-
**-**| |---|---|---| 15 ## **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. 16