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 De￿mber 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, retl￿d 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 cong￿gationS 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 se￿iceS 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
, /,.11￿4*
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