CHARITY REGISTRATION NUMBER: NIC105331 First Lisburn Presbyterian Church Unaudited Financial Statements 31 December 2023
First Lisburn Presbyterian Church Financial Statements Year ended 31 December 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position 10 Notes to the financial statements 11
Page 1 First Lisburn Presbyterian Church Trustees, Annual Report Year ended 31 December 2023 The trustees presenl their report and the unaudlted financial stslements of the charity for the y8ar ended 31 Dember 2023. Reference and admlnlstrative detalls Registered charlty name First Lisburn Presbyterian Church Charlty r•gistratlon number NIC105331 Prlnclpal offico The trustees Rev J Brackenridge Mr D Anderson Miss M Craig Mr M Elliot Mr T Kinkead Mr G McKeown Miss M Perry Mrs S Hammonds Mr R Mi118n Mr E Scott Mrs M Stainland Mlss M Thompson Mrs K Finlay Miss A L Brackenbridge DrMJL8es Mrs K Robinson Mrs C Russ811 Mrs L J Hanna Mr R C Mccall Mr D Flinn Mrs L Mcwatters Prof. J Davis Mr E Parks Mr P Reid Accountants Johnslon Graham Limlted Chartered accountants 2161218 Holywood Roa(J Belfast BT4 1PD
Page 2 First Lisburn Presbyterlan Church Trustees, Annual Report (contlnu•d) Year ended 31 December 2023 Structur•. govemance and management The Kirk Session The Charity Trustees of the congregation are the members of Sts Kirk Session. Under the congregation's governing document, The Code. the book of the constitution and government of the Presbyterlan Church In Ireland. the Kirk Session s8eks 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 io further Ihe contribution of the Church to Christian witness and servic8 in the local community. The Kirk Session has delegated lo its Congregational Committe8 the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk Session are ax-officio members of Ihe Congregational Committee. The Kirk Session consists of the ordained minister and the ruling olders of the congrègation. 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 atloast twice in each year or as approprlate. To be chosen for the office of the eldership in the congregation a pèrson must be a voting membar 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 rf thay obtain two-thirds of those who vote. Presbytery Under the Presbyierian Church in Irèland's form of govemance, the corporate OV8rslght of congregation is the responslbility of a Presbytery which superintends gènerally tha spirilual and tempor81 affairs of the congr89ations assigned 10 it by the General Assembly of the Presbyterian Church in Ireland. First Lisburn congregation of the Pr8sbyterian Church has been assigned to the Dromore Presbytery of the Presbyterian Church in Ireland. The m8mb8rship of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, minsters who havè retired from active duty and an eld8r appointed by the Kirk Session of the congregation. Tha Géneral Assembly The General Assembly is the supr8m8 Court of the Church, representing in one body the whole Church and acting as its supreme 18gislatiV8. administration and judicial authority, in dealing with all matters broughl before it. The General Assembly is nomially constituted during the first week in June for worship and to conduct its business. At Ihe end of business, il is dissolved. The rnembership of the General Assernbly consists mainly of the active ministers of each congregation, retld minsters and a a representative elder appointed by the Kirk Session of each congregation. Descripiion and purpose The charitable purpose of the congregalton is the advancement of religion. First Lisburn Congregation of the Presbyterian Church is a congre9alion of the Presbyterian Church in Ireland. The Pr8sbyterian Church in Ireland, as a Reformed Church within Ihe 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 members to play their part in fulfilling God's mission to our world. In First Lisburn Presbyterian Church, we seek- lo worship Ihe Triune God. Father, Son, and Holy Spirit; to reconcile our multiple identities with our Presbyterian traditions;
Page 3 First Lisburn Presbyterian Church Trustees. Annual Report (cantlnuedj Year ended 31 Decernber 2023 to contextualise what it means to be and belong lo the Christian Church. Living in the city of Lisbum.. We are disciples together- We have experienced the grace, truth, and love of Jesus Christ in our lives and we witness to what we know in word and in deed. We are gifted - God has given us gifts and talents, known and unknown, to share. We encourage one another to discover and then offer their gift for God's glory in the church and the world. We are a family We are one family comprising of many indivlduals and all kinds of families. We recognize our diversity and we value the individual. We value our staff team and our many volunteers. We like to welcome new members. We are open to learn from each other. We are relational - W8 nurture deep relationships between people. Moving beyond tha superficial we encourage each person to talk more about their faith. to share Iheir doubts. to help one another in times of trouble, to celebrate with one another in times of joy and comfort one another in times of sorrow. We are committed to good working community relationships with our local churches. We are joyful - We enjoy being togeiher socially and in study. We Ilke one anothe¢s company as we worship, work, and serve together. We are engaged with the Community We bellev8 that God has particular concern for the poor, the hungry, the marginalized in our community and in our world. We b81ieve that God invites us to enjoy good community relations and to liv8 at Peace. We see ourselves as belng part of the solution to the needs ol the day. We fully support the work of the Downtown project based in the Church premises, the majority of whose volunteers are members of the congregation and as such this support is a large part of our engagement with the community. We are incluslve W8 ar8 open and inclusive. We welcome people along a broad theological spectrum. We meel men, women and young people where they are and offer them space to grow in their Christian falth. We are thoughfful We cherlsh and encourage thoughtful study and dialogue. We are open lo new ways that will empower us lo actlon and help us to witness to our Faith in this day and age. We are open to new ideas and to th8 leading of the Splril in this age. We give permission We see the value of risking new initiatives and in having new ideas. We trust our lead8rs and we value teams. We arè Presbylerlan - Wo are Presbyterians, open to being continually reformed and chang8d by the word and the love of God in response to the changing world in which we live. At the same time, we rejoice in our many inter-church families and members who come from other falth traditions and none. We are on the move! . God is calling us into a dynamic future. We respect tradilion but are learning not to be bound by it. We appreciate our past, celebrate our present, and look forward to the future. We are in the City. We a here for the City. Our doors need to be open. We are also a church for a gathered people who choose to worship in FLPC because of who we are.
Page 4 First Llsburn Presbyterian Church Trustees. Annual Report fcontlnuedj Year ended 31 Decernber 2023 Objectlves and acllvltles The congregation meets for worshlp each Sunday and visitors are welcome. Throughout the year, Ihe main Chrislian festivals, including Harvest Thanksgiving. are celebrated at worship services and Ihrough other related activities. Th8 Sacrament of the Lord's Supper is observed regularly, both formally and informally. New communicant members are received on profession of faith, The Sacrament of Baptism is administered through the year. Marriage ceremonies and Seryices of Thanksgiving (i.e. Funeral Services) are held when requested. other activities Include: Sunday School and Bible Class Tha Sunday School meets during Church s8rvlc8s from September to June. Classes are grouped according to th8 age of the children. The leachers operate on a rota basis. The currlculum is shaped by bought in course materials and is based on Biblical stories and themes and invofves activit18s for the children. The Sunday School children also participate in woiship. Youth Fellowship Our Youth Fellowship meet on a Frlday evenlng for a varied programme of activities, food, and fellowship. There are approximately fifteen members and four leaders each weèk from the congregation. The group go on various outings on a monthly basis. Presbylerian Women The group normally meets on the second Tuesday of each month during Seplgmber to April. Guest speakers are invited to speak on a vari8ty of thèmes. There is a focus on mission and funds are raised for various missionary endeavours, including the work of the Mission Counclls ol th8 Presbyterian Church in Ireland, Girls, Brigade The company meets on Monday nights during the months of Sèptembèr to April. Alongside the nomal badge-wort< and Bible class programm8, thè company takes part in sporting competitions and varSous special events are organised, Church Magazine A church magazine is produced thr88 tim8s per year. It contains reports of past and forthcoming events and Items contributed by memb8rs. It is distributed io members by th8 Elders and is available online.
Page 5 Flrst Lisburn Presbyterian Church Trustees. Annual Report (contlnuedj Year ended 31 December 2023 Achl6vem•nts and performance Worship and prayer Music is an important part of our worship experience and congregational singing is accompanied by the organ and piano. The congregation also participates in worship through readings and responses. Prayer for others is an essential part of congregational life. We have an active Prayer Ministry Team and each Sunday there is a printed order of servic8 and printed announcements. Choir and Praise Team Worship is led by a Choir and a Praise Team. Choral pleces are performed by the choir on sp8cial occasions (Christmas. Easter, Remembranc8 Day, etc.) and at other occasions during the Christl8n year. Th8 Praisa Team prepares and performs special music for every service. On 31 D8C8mber 2023 there wara 272 communicant members and 281 famllies connected with the congregation.The average w88kly altendance at morning worship is 100. Pastoral car8 Members of the congregation who are unable to attend church due to sickness or age are visited by the minister andlor pastoral personnel. Members are visited when they are in hospital and residential or nursing homes., elders and committee members are allocated a district area. Members are encouraged to contact the minister or deaconess as need arises. Mission and outreach The activities of local charities are publicised in congregational literature and members are ancouraged to support and play an active part in their work. Many members have taken up this challenge. The congregation supports the United Appeal which is a central fund of the Presbytorian Church in Ireland. This fund enables congregations to support the wider mlsslon of the denomination and to do mission and outreach on a denominational basis beyond whal the congregation could do on its own. The Unlted Appeal fund provides financial support for mission personn81 at home and overseas, assists conggationS with the deployment of locally bas8d staff. enablas church planting, provides grant support for the upkeep of church premises, assists with the runnlng costs of Union Theological College, the Church's training college for ministry stud8rits, and financially supports congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. The congregation also contribut8S to the denominations annual World Development Appeal, Sunday School and Youth project and any other speclal appeals. We have a Coffee Dock which is used on a weekly basis for outreach to the community. We support our local CAP centre and Lisburn Food Bank on a regular basis. have a range of Bible studies and House groups. We have a very active and well supported Christian Aid Group. The Dr William Boyd Memorial Fund provides resources for training. Presbytery The congregation was represented at the regular meetings of Presbyiery by our minister and one of the elders. This provides an important link between the congregations and the wider structures of th8 church. General Assembty The rninister and one of our elders were nominated to attend the meeting of the General Assembly of Ihe Presbyterian Church in Ireland held in Assembly Buildings, Belfast. in June, Property During the year basic maintenance was carried out.
Page 6 Flrst Llsburn Presbyterian Church Trustees. An nual Report (contlnued) Year ended 31 December 2023 Organisations We have.. Sunday School and Youth Bible Class FLY- First Lisburn Youth pw Bible Studies and House groups Girls Brigade Coffee Dock Teams Christian Aid Teams Cleaning Teams Prayer Ministry Volunteers The Trustees wish to acknowledge their dgep appreciation of those who glve freely of their time by serving on committees and helping with organlsations and other church activities. Public Benefit Statemenl The Presbylerian Church in Ireland meels the public benefit requirement by providing benèfit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement ol religion. The direct benefits which flow from the purposes of the Church include the galnlng of an understanding In Chrlslian beliefs as set out in the Bible and In thè Church's subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catéchisms) 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 n88d (including Ihe sick, disabled and bereaved). Generally, the above benefits are d81iv8r8d locally by congregations and their members or ara facilitatad through presbyteries or are organised and deliver8d centrally. Local delivery is facilitated by central r8sourc8s in almost all cases. Public access is mad8 known through the use of noticeboards. print8d material, press advertisement, websites, and social media or in other ways. The benefits are demonslrat8d through re9ular 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 privale benefit flowing from our purpose is related lo 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 lo further our charitable purpose. Ther8 ar8 no olher private benefits. The beneficiaries of this purpose are members, thelr families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral seiceS are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worlclwide 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 lo the Charity Commissions Public benefit requirement statutory guidance.
Page 7 First Lisburn Presbyterian Church Trustees. Annual Report fcontinu•d) Year ended 31 December 2023 Financlal revlew The congregatlon's main source of income is members, contributiorss through the Weekly Freewill Offering. There were 207 contributors li.e. families) during the year (214. in 2022) donating a total of £116,621 {£119,861 in 2022). Total Income of the congregation during the year was £220,614 compared to £210,598 in the previous year. Total expenditure increased to £225,943 (£198,981 in 2022}. Statement of Trustee Responsibiliti8S The Trustees are responsibl8 for preparing the annual report and the financial stalements of the congregation in accordance with applicable law and generally accepted accouniing practice. The Trustees are rasponsible for keeping adequate accounting records that are sufficient lo show and explain the congregation's iransactions and disclose with reasonable accuracy at any lime its financial Position. They are also responsible for safeguarding the asseis of the congregation and hence for taking r8asonable steps for the prevents'on and detection of fraud and other irregularities. The trustees, annual report and the strategic reporl were approved on 21 June 2023 and signed on behalf of the board of trustees by: Trusteos. r•spon8lbllltl•8 Statem•nt STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparlng the annual report and the financial statements of the congregalion in accordance with applicable law and genèrally accepted accounting practice. The Trustees are responsible for keeping adequata accounting records that are sufficient to show and explain the congregation's transactions and disclose with raasonable accuracy at any time its financial position. They are also responsible for safeguarding th8 assets of the con9regation and hence for taking reasonable steps for the prevention and detection of traud and other irregularllles. The trustees, annual report was approved on 30 Seplember 2024 and signed on behalf of the board of trustees by: Mr A Fitzpatrick
Pag¢ 8 First Lisburn Presbyterlan Church Independent Examiner's Report to the Trustees of First Lisburn Presbyterlan Church Year ended 31 December 2023 I report lo the trustees on my examination of the flnancial slatements of First Lisburn Presbyterian Church ('the charity,) for the year ended 31 December 2023, Rasponsibllities and basls of report As the trustees of the charity you are responsible for the preparation of the financial statements In accordance with the requirements of the Charities Act (Northern Ireland) 2008 (the '2008 Act,). You are satisfEd that your charity is not required by charity law to be audited and have chosen inslead to have an independent examination. I report in respect of my examinalK)n ol tha charily's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have follow8d thè general Directbons given by the Charity Commission for Northern Ireland under saction 65(9)(b) of the 2008 Act. Independent examinorfs statement I have completed my examinalK)n. I confirm that no matters hav8 come lo my attention in connection with my 8xamination giving me cause to believe that in any materlal respect: accounting r8cords were not kept as requirad by with sactlon 63 of tha 2008 Act; or the financial statements do not accord with those records., or tha financlal statements do not comply with the accountlng rèqulrements of the 2008 Act; or the financial statements do not Comply with thè applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not matter consid8r8d as part of an independenl examination. I confirm that there are no oth8r matters to which your attentlon should be drawn to enable a proper understanding of the accounts to ba reached. Independent Examlner 2161218 Holywood Road Belfast BT4 1PD 30 September 2024
Page 9 First Lisburn Presbyterlan Church Statement of Flnancial Activitles Year ended 31 December 2023 2023 Restricted funds Total funds 2022 Unrestricted funds Total funds Note Income and endowments Donations and legacies Chantable aclivities Other trading activities Investment income 118.907 26,327 34,278 145,234 34,278 41,024 78 139.075 34,726 36.703 94 41.024 78 Total Income 160,009 60,605 220,614 210,598 Expendlture Expanditure on charitable activities Total expondltur• 161,454 64,489 225,943 225,943 198,981 161,454 64.489 198,981 Net gainsl{losses) on investments 10 (503> (503) 684 Net (expendlture)Ilncomo (942) (3,884) (4.826) 10,933 Transfers bebNeen funds 370,000 (370,000) Not movement In fund8 369,058 (373,884) (4,826) 10,933 R•con¢lllatlon ol funds Total funds broughl fon*vard Total funds carrlod forward 83,444 1,152,232 1.235,676 1,224,743 452,502 778,348 1,230,850 1,235.676 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continulng activities. The note$ on pages 11 to 18 fomi part of these flnanclal slatèments.
Pagé 10 First Llsburn Presbyterian Church Statement of Flnanclal Posltlon 31 December 2023 2023 2022 Nola Fixed a8sels Tangible fixed assets Investments 13 14 995,561 8,802 995,561 8,299 1,004,363 1,003,860 Current assots Debtors Cash at bank and in hand 15 33.678 219,218 36,498 215,852 252,896 252,350 Credltorn: amounts falling du• withln one year Net curr•nt assets 16 26,409 20,534 226,487 231,816 Total assets les8 current Ilabilitigs 1,230,850 1,235,676 Funds of Ihe charlty R8slricled funds Unrestricted funds 778,348 452,502 1.152.232 83.444 Total charity funds 17 1,230,850 1,235,676 These financial statements were approved by the board of trust88s and authorised for issue on 30 September 2024, and are signed on behalf of the board by,. Mr A Fitzpatrlck , /,.114* The notès on pagas 11 to 18 form part of the$0 flnanclal Statements.
Page 11 First Lisburn Presbyterian Church Notes to the Financial Statements Year ended 31 December 2023 General Informatlon The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated, The address of the principal office is 49 Markel Square South, Lisburn. BT28 1AD, N.1. Statoment of compllan¢o These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicablè in the UK and Republlc of Ireland (FRS 1021 (Charities SORP (FRS 102)) and the Chariti8s Act (Northern Ireland) 2008. Accountlng pollcl•$ Basls of preparatlon Tha financial siatements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilitl8s and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng con¢•rn Th8re are no material uncertainties about the charity's ability to continue. Fund accountlng Unrestricted funds are avallable for use at tha dlscretion of the truste8S to further any of the charity's purposes. Designaled funds are unrestrlcted funds earmarked by thè trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Page 12 First Lisburn Presbyterian Church Notes to the Financial Statements feontlnu•d) Year ended 31 December 2023 Accounting pollcles (contlnu8dJ Incomlng rosources All incoming resource5 are included in Ihe ststement of financial activlties when entitlement has passed to the charity., it is probable that the economic benefits assoclated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of incorne: income from donations or grants is recognised when Ihere is evidence of entitlement to the gift. receipt is probable and Its amount can be measured rellably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and sorvices are recognisad in th8 accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income frorn contracts for the supply of seniices Is recognised with the delivery of the contracted Service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabilily is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the ststemant of financial activities to which it relales.. expenditure on raising funds includes the costs of all fundraising activitl8S, eV8nts, non-charitable Ir8ding activities, and the sale of donated goods. expenditure on charitable activlties includes all costs Incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to th8 governance of the charity apportioned to charitable activities. other 8xpenditUfe includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecling the use of th8 resourc8. Dir8Ct costs attrlbulable to a sSngle activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonab18. justifiable and consistent basis. Tanglble assels Tangible assets are initially recorded al cost, and subsequently staled at cost less any accumulated depreciation and impairment losses. Any tangible assels carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulaled depreciation and subsequent accumulated impairment losses.
Page 13 First Lisburn Presbyterlan Church Notes to the Flnancial Statements (contlnued) Year ended 31 Decernber 2023 Accounting pollcles (contlnu•d) Tanglble assets (contlnuad) An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the stalem8nt of financial activities. A decreas8 in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within olher recognised gains and losses on the statement of financial activities. Investments Unlisted equity investments ar8 initially recorded at cost, and subsequently me8sured at fair value. If fair value cannot be reliably measured, ass8ts are measured at cost less impairment. Listed Investments ara measurad at fair value with changes in fair value being recognised in Income or expenditure. Investments In asso¢lates Investments in associates accounied for in accordance wilh the cost model are recorded at cost less any accumulat8d impairment losses. Investments in associates accounted for in accordance with the falr value model are initialty recorded at the transaction price. At each reporting date, the investments ar8 measured at fair value, with changes in fair value taken through income or expendlture. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investmenl are recognlsed as Income without regard to whether tho distributions are from accumulated profits of the associate arising beforg or after the date of acquisition. Invo8tment8 In Jolnt ventures Impalrment of flxed assets A review for Indicators of impairment is carried out at each reporting date, with th8 recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the assel is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting dale. For the purposes of impaiment testing, when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the ash-9enerating unit to which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely indep8ndent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired In a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of tha combination, irrespective of whether other assets or liabilities of the charity are assigned to those unils.
Page 14 First Lisburn Presbyterian Church Notes to the Flnanclal Staternents (contlnuodj Year ended 31 December 2023 Accountlng pollcles (conllnued) Flnanclal Inslruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Bas financial instruments are initially recognised at the amount receivable or payable including any relaled transaction costs. Current assèts and current liabililies are subsequently measured at the cash or other consid8ration 8XP8Ct8d to b8 paid or recelved and not discounted. Debt instruments are subsequently measured at amortiS8d cost. Wh8r8 Invastments In shares are publicly traded or their fair value can otherwise b8 m8asur8d reliably, th8 inv8Stment is subsequently measured at fair value with chang8s in fair value recognised in Income and expenditure. All other such inveslments are subsequently measured at cost less impairment. Other financial Instruments, Includin9 derivatives, are initlally recognised at falr value, unless payment for an asset is d8ferr8d beyond normal business terms or financed at a rate of interest that is not a mark8t rat8. in which case the asset is measured at the present value of th8 future payments discounted at a rnarket rale of interest for a simllar debt Instrument. Other financial instruments are subsequently measured at fair value. with any changes recognised in the statement of financial activities, with the exception of hedging instruments in de5ignaled hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objectiv8 evidence of impaKmenl at the end of each reporting date, If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that ar8 Ind ividually significant, these are assessed individually for impalrment. other financial assets are either assessed individually or grouped on th6 basis of similar credit risk characteristics. Any reversats of impairment are recognised immediately. to the extent that the rev8rsal d08s not r8suII in a carrying amount of the financial asset thal exceeds what the carrying amount would have been had the impairmenl not previously been recognised. Donatlons and le9a¢le$ Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Freewill offering DonatM)ns Special Donations 116,671 2,236 116,671 2,236 26,327 26,327 118.907 26,327 145.234
Page 15 First Lisburn Presbyterian Church Notes to the Flnanclal Statements {conllnu•d) Year ended 31 December 2023 Donatlons and logacl•s (ContInu) Unrestricted Funds Restricted Totsl Funds Funds 2022 Donatlons Freewill offering Donations Special Donations 119,861 500 119,861 500 18.714 18,714 120.361 18,714 139,075 Charltablo actlvltle8 Unrestricled Funds Restricted Total Funds Funds 2023 Youth Income Organisational Income Other Income 22,142 12,136 22,142 12,136 34,278 34,278 Unrestrlctad Funds Restricted Total Funds Funds 2022 Youth Income Organisational Income Other Incorne 13,360 14,155 13.360 14,155 7,211 7,211 7,211 27,515 34,726 Other tradlng actlvltles Unrestricted Funds Restricted Total Funds Funds 2023 R8ntal Income Accomodation Income 35,641 5,383 35,641 5,383 41,024 41.024 Unrestricted Funds Restricted Total Funds Funds 2022 Rental Income Accomodation Income 36.419 36,419 284 284 284 36,419 36,703
Pagé 16 First Lisburn Presbyterian Church Notes to the Flnanclal Statements (Gontlnuod) Year ended 31 December 2023 Investment Income Unrestricted Totsl Funds Unrestricled Total Funds Funds 2023 Funds 2022 Income from cash investments 78 78 94 94 Expendlture on charltable actlvltles by fund typo Unrestricted Funds Restricted Total Funds Funds 2023 Activlty type 1 161,454 64,489 225.943 Unrestrictad Funds R8Stricted Tolal Funds Funds 2022 Activity type 1 141,659 57,322 198,981 Exp•ndlture on charltable actlvltles by actlvlty type Activities undertaken Total funds directly 2023 Total fund 2022 Activity type 1 225,943 225,943 198,981 10. Net galnsl(108888) on Inv•8tm•nts Unrastrictad Total Funds Unrestricied Total Funds Funds 2023 Funds 2022 Gainsl(losses) on cash held for investment purposes 503 503 (684) (684) 11. Slaff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2023 2022 Wages and salaries 69,257 69,527 The average head count of employees during the yaar was 2 (2022.. 2). Tha average number of full-kn'me equivalent employees during the year is analysed as follows.. 2023 No. 2022 No. Administrative staff No employee received employee benefits of more than £60.000 during Ihe year (2022.. Nil). 12. Trustee rernuneration and expenses No trustees received remuneration or other benefits in their position as trustees of the charity.
Page 17 First Lisburn Presbyterian Church Notes to the Financial Statements (contlnued) Year ended 31 December 2023 13. Tanglble flxed assets Land and bulldings Cosl At 1 January 2023 and 31 December 2023 Depreclatlon At 1 January 2023 and 31 December 2023 Carrylng amount At 31 December 2023 995,561 995.561 At 31 December 2022 995,561 14. Inv•8tmentg Cash or cash equlvalonls Cost or valuatlon At 1 January 2023 Additions Fair value movements 8,299 503 At 31 Docemb•r 2023 8,802 Impalrment At 1 January 2023 and 31 Docamber 2023 Carrylng amount At 31 Decombor 2023 8,802 At 31 December 2022 8,299 All investments shown above are held at valuation. 15. Debtors 2023 2022 other debtors 33,678 36,498 16. Credltors: amounts falllng due wlthln one year 2023 2022 Other creditors 26,409 20,534
Page 18 Flrst Lisburn Presbyterian Church Notes to the Financial Statements (contlnu•dJ Year ended 31 December 2023 17. Analysls of charltable funds Unrastrictod funds At 1 Jan 2023 Gains and At losses 31 Dec 2023 Income Expenditure Transfers General funds 83,444 160,009 (161.454) 370,000 503 452,502 At 1 Jan 2022 Gains and At losses 31 Dec 2022 Income Expenditure Transfers Goneral funds 87.837 127,950 (141,659) 10,000 (684) 83,444 Restricted funds At 1 Jan 2023 Gains and At Ioss8s 31 Doc 2023 Income Expenditura Transfers Restr*ted Fund 1,152,232 60,605 (64,489) <370,000) 778,348 At 1 Jan 2022 Gains and At losses 31 De¢ 2022 Income Expenditure Transfer8 Restricted Fund 1,136,906 82,648 (57,322) (10,000) 1.152,232 18. Analys1$ of net assets between funds Unrestricted Funds Restrlcted Total Funds Funds 2023 Tangible fixed assets Current asseis Creditors less than l year Nel assets 378,802 100,109 (26.409) 452,502 625,561 152,787 1,004,363 252,896 (26,409) 1,230,850 778,348 Unrastricted Funds Restricted Total Funds Funds 2022 Tangbk fixed assets Current assets Creditors $$ than 1 year Net assets 1.003,859 148,373 1,003,859 252,350 (20,532) 1,235,677 103,977 {20,532) 83,445 1,152,232