Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31st December 2022 Registered with the Charity Commission for Northern Ireland NIC105343
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31st December 2022, including a Balance Sheet as at that date. REFERENCE AND ADMINISTRATIVE DETAILS First Broughshane Congregation of the Presbyterian Church in Ireland. Address: Main Street, Broughshane, Co Antrim, 8T42 4JW. Registered Charity in Northern Ireland - NIC105343. CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were: Rev Ronnie Agnew Mrjohn Hamilton Mr Tony Jackson Mr John Knox Mr Colin Heron Mr Alan McRobert Mr John Maybin Mr Alan Reid Mr John Anderson Mr Noel Connor Mr Richard Hood Mr George Mcmullan PRINCIPAL OFFICE BEARERS Minister: Clerk of Session: Treasurer: Rev Ronnie Agnew Mr Noel Connor Mr John Anderson
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT cont'd INDEPENDENT EXAMINER Mr James Gillespie Stevenson and Wilson 22-30 Broadway Avenue, Ballymena. BT43 7AA. BANKERS Danske Bank 1-2 Broadway Avenue, Ballymena. BT43 7PE, SOLICITORS McKervill Neilly l Broadway Avenue, Ballymena. BT43 7AA. 21 Page
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT convd STRucfuRE AND MANAGEMENT The Kirk Session The Charity Trustees of the congregation are the members of its Kirk Session. Under the congregation's governing document, The Code, the book of the constitution and government of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of person5 not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation, including administering all funds and property belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the congregation. 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 several times each year as required. To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular attendant at 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 if they obtain two-thirds of those who vote. Presbytery Under the Presbyterian Church in Ireland Form of Governance, the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. First Broughshane Presbyterian Church has been assigned to the Ballymena Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of each congregation.
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT cont'd The General Assembly The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week injune forworship and to conduct its business. At the end of business, it is normally dissolved. The membership of the General Assembly consists mainly of the active minister of each congregation, retired ministers and a representative elder appointed by the Kirk Session of each congregation. DESCRIPTION AND PURPOSE The charitable purpose of the congregation is the advancement of religion. First Broughshane congregation of the Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the 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 its members to play their part in fulfilling God's mission to our world. The congregation's mission purpose is to be a local community of God's people, who'by grace of God" aims to help people of all ages come to know Jesus Christ as their Lord and Saviour and become His disciples. Our vision is to be a welcoming community of Christ's people of all ages, which: Is characterised by love for God, and love and concern for others. Is committed to the historic Christian gospel as revealed in the Bible. Is relevant to people of this time and place. The congregation aims to live out its Mission and Vision of God's people by being: A Covenant Community where our relationships are rooted in the promises of God by living faithfully toward Him and toward one another. An Intergenerational Community where adults intentionally take the lead to engage with, encourage and nurture younger members to maturity in Christ. An Outward looking Community where we want to share the life changing Good News of Jesus and extend His love to others beyond the bounds of our Community. 41 Page
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT convd As a congregation of the Presbyterian Church in Ireland, we believe that the bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechisms set out what we understand the Bible teaches on key matters of Christian faith and practice. ACTIVITIES AND OBJECTIVES The congregation, along with any visitors, meets for worship every Sunday and this activity is central to the life of the congregation. The congregation desires that its Sunday worship would be a place where everyone is made welcome and is relevant to all ages. The Sacrament of the Lord's Supper is obsenied twice during the year. All those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. There were no new members admitted to the Lord's Supper in 2022. Baptisms are administered to children of believing parents and adults upon profession of faith. There we no baptisms in 2022. Weekly prayer meetings are held on Sunday mornings before the service and on Monday evenings. Organisations: Sunday School and Bible Class Creche and Children's Church during Sunday morning worship JAM for pre-school and primary aged children during the evening worship service Connect Youth Fellowship Girls Brigade Bowling Cub Schools and Colleges Prayer Group Presbyterian Women Men Alive Men's Reading Group Tuesday Fellowship Wednesday Friends Missions Committee Small Groups for Bible Study and prayer Shining Stars for children with additional needs
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT convd ACHIEVEMENTS AND PERFORMANCE Worship and prayer Church life gradually returned to some semblance of normality after being disrupted by the Covid 19 pandemic. The congregation met for worship each Sunday at 11.30 am, with the restart of the evening service at 6.30 pm being delayed as result of Rev Ronnie Agnew's long-term absence due to illness. Rev Martin McNeely, minister of Ballykeel Congregation, provided pastoral care and arranged preachers for the Sunday services in Rev Agne5 absence. Attendance at morning worship slowly increased to approximately 200 each week. During the week the Weekly Prayer meeting provides an opportunity for members to meet together and unite in prayer for the church and the wider community. We broadcast services each Sunday morning on Facebook, YouTube and Church website via our Livestream facility. DVD and CD recordings were also made available for anyone who did not have access to online facilities. At 31 December 2022 there were 176 communicant members and 219 families connected with the congregation. Pastoral care Members of the congregation who are unable to attend church due to sickness or age are visited by the minister, deaconess, elders or other congregational members. Mission and Outreach All of the activities referred to earlier are open to people who are not members of the congregation, and most have gradually recommenced after Covid restrictions. The congregation also SUPPOrts the United Appeal for Mission, which is a central fund of the Presbyterian Church in Ireland. Thisfund enables congregationsto supportthe wider mission of the denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial sUPPOrt for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assists with the running costs of Union Theological College, the Church's training college for ministry students, and financially supports congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. 61Pa8e
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT cont'd We also operate an envelope scheme administered by our Mission Committee which allocates the proceeds to other mission partners. The congregation normally joins with other churches in Broughshane village for join Harvest and Christmas services, and on other occasions throughout the year. Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and one of the representative elders. This provides an important link between the congregation and the wider structures of the church. General Assembly The minister and one of our elders are normally nominated to attend the meeting of the General Assembly of the Presbyterian in Ireland which is held in Assembly Buildings, Belfast which took place in June this year. Property- New Hall Project The congregation met in November to approve an overdraft with Danske Bank to enable the work to commence on this project. It is hoped that the builders, Martin and Hamilton, will be on site early in 2023. Volunteers The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities.
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT convd PUBLIC BENEFIT STATEMENT The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public, by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs, as set out in the Bible. and in the Church's subordinate standards {the Westminster Confession of Faith and the Shorter and Larger Catechisms), leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to prartical expressions of Christian beliefs and standards in the local community, such as through the care of those in need (including the sick, disabled and bereaved). Generally, the above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries, or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public. The purpose doe5 not lead to harm. The only private benefit flowing from our purpose is related to 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 to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and othersecularorganisations. charities and individual members of the public. The Kirk Session h35 had regard to the Commission's Public benefit requirement Statutory guidance.
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT cont'd FINANCIAL REVIEW These financial statements consolidate the income and expenditure for the General account and the other activities of the church organisations. The congregation's main source of income is members, contributions through the weekly Free Will Offering. There were 219 contributing families during the year1246 in 2021) donating a total of £103,0891£106,447 in 2021) to the General account. In addition to this there was also £150,687 donated to Building account (£151,882 in 2021). The Church's overall income of £360,085 is in line with that in 2021 of £361,195. Expenditure increased from £133,068 in 2021 to £148,157 in 2022. The major item of expenditure are costs in relation to ministry and support staff totalling £74,913 {£74,143 in 20211. During the year donations to Missions and Charities of £22,702 were made {£15,509 in 2021). At 31 December 2022 the balance sheet is in a healthy position with net assets of £1,981,557 (£1,214,138 in 2021). TRUSTEES, RESPONSIBIUTIES IN RESPECT OF THE FINANCIAL STATEMENTS The Trustees are responsible for preparing the annual report and the financial statements of the congregation in accordance with applicable law and generally accepted accounting practice. The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the congregation and the financial activities for that year. In preparing the financial statements the Trustees are required to: select suitable accounting policies and then apply them consistently; and make judgements and estimates that are reasonable and prudent; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Funds will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the congregation's transactions and disclose with reasonable accuracy at anytime its financial position and enable them to ensure that the financial statements comply with the Statement of Recommended Practice "Accounting and Reporting by Charities11 st January 2015)". They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other i rregularities.
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT cont'd GOING CONCERN The activities of the congregation are dependent on on-going contributions from its members. The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitments, which will arise in the yearfrom the date of signing this report and subject to the continuing support from members to fund, on an on-going basis, the congregation's current activities and other financial commitments. RESERVES POLICY The Trustees have considered the level of unrestricted reserves that it is appropriate to hold, taking account of current and ongoing commitments. It is the aim of the Trustees to hold unrestricted reserves equating to at least six months normal expenditure. At the year-end unrestricted reserves were £174,721 which is well in keeping with this policy. The Trustees consider it prudent to hold resenies at this level as the funding of its current activities is dependent on the ongoing financial support of its members. RISK REVIEW A review of major risks has been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of on-going financial support from members. These risks are mitigated by the Trustees, and the Congregational Committee, regularly monitoring the various activities of the congregation at stated meetings and by encouraging members in their regular giving. Ih Approved by the Kirk Session at a meeting on 28 May 2023 and signed on its behalf by: Rev. Ronnie Agnew Mr. Noel Connor Position: Minister Position: Clerk of Session 101 Page
an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND I report on the accounts of First Broughshane Presbyterian Church for the year ended 31st December 2022, which are set out on pages 12 to 29. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charities Act follow the procedure5 laid down in the general Direction5 gnien by the Commission under section 6519llb} of the Charities Act state whether particular matters have come to my attention. Basls of Independent examinerfs report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519)Ib) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concems in respect of the matters111 to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. es Gill spie IF.C.A.) Stevenson and Wilson Chartered Accountants th 22-30 Broadway Avenue Ballymena BT43 7AA 28 May 2023 111 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31- DECEMBER 2022 Note Unrestricted Funds Restricted Funds Total Funds 2022 Total Funds 2021 Income from: Donations and legacies Charitable activities Other trading activities Investments Other income 117,860 213,512 14,689 331,372 14,689 350,989 4,574 2,902 5,257 1,500 2,902 5,581 5,541 324 4,041 5,255 377 Total Income and endowments 122.225 237,860 360,085 361,195 Expenditure on: Cost of raising funds 1,645 3,942 5,587 Expenditure on charitable activities Other expenditure 103,214 846 35.945 2.565 139,159 3.411 133,068 Total expenditure 105.705 42,452 148,157 133,068 Net income 16,520 195.408 211,928 228,127 Transfers between funds Revaluation of fixed assets Recognition of PCI and NICIFC share5 (3.670) 3,670 12 470,000 470,000 13 134 85,357 85.491 Net movement in funds Reconciliation of funds: Total funds brought forward 12,984 754,435 767.419 228,127 161.737 1.052,401 1.214,138 986,011 Total funds carried forward 174,721 1,806,836 1,981.557 1,214,138 121Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31" DECEMBER 2022 Unrestricted Funds Restricted Funds Total Funds 2022 Total Funds 2021 Notes Fixed assets Tangible assets Investments 12 13 71,192 134 844,152 85,357 915,344 85,491 266,934 Total fixed assets 71,326 929,509 1,000,835 266,934 Current assets Debtors and prepayments Cash at bank and in hand 14 17,624 47,706 65,330 84,067 15 87,407 962,324 1,049,731 918,109 Total current assets 105,031 1.010,030 1,115,061 1,002,176 Current liabilities Creditors due within one year 16 1,636 132,703 134,339 54,972 Total current liabilities 1,636 132.703 134,339 54,972 Net current assets 103.395 877.327 980.722 947,204 Total net assets 174.721 1.806.836 1.981.557 1,214,138 131Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND BALANCE SHEEfAS AT 31" DECEMBER 2022 Unrestricted Funds Restrirted Funds Total Funds 2022 Total Funds 2021 Notes Funds of the charity Unrestricted funds Restricted funds 17 17 174,721 174,721 1,806,836 161,737 1,052,401 1.806,836 Total charity fund5 174,721 1,806,836 1,981,557 1,214,138 Approved by the Kirk Session at a meeting on 28th May 2023 and signed on its behalf by: Rev. Ronnie Agnew Mr. Noel Connor Position: Minister Position: Clerk of Session 141 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31sf DECEMBER 2022 ACCOUNTING POUCIES The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS 102) (effective l January 2015}- (Charities SORP {FRS 1021). 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 groupsthatowetheir affiliationto another body, northose that are informal gatherings of church members. FUND ACCOUNTING Restricted funds comprise revenue donation5 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 fund5 on an average balance basis. Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. 151Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) ACCOUNTING POLICIES {cont'd) INCOMING RESOURCES (i) 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 reliability. (li) 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. (iii) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resource5. (iv) 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. (v) Contrartual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. (vi) 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 use bythe charity are included in the SOFA as incoming resources when receivable. {vii) 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. (viii) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. 161Page
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE Accoumfs (convd) ACCOUNTING POLICIES (convd) (ix) Investment income This is included in the accounts when receivable. (x) Investment gains and losses This includes any gain or Ioss on the sale of investment5 and any gain or1055 resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES {xi) Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. Ixii) Governance costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. (xiii) Grants payable without performance condition5 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. 171 Page
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE pREsBERlAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (conyd) ACCOUNTING POLICIES {cont'd) ASSETS/(LIABILITIES) Tangible Fixed Assets The assets of the Church comprise: Church building, stores and contents at Main Street, Broughshane Church hall building and contents at Main Street, Broughshane Manse at 111 Raceview Road, Broughshane Agricultural land adjacent to 111 Raceview Road, Broughshane Tangible fixed assets for use by the church are capitali5ed if they can be used for more than one year, and cost at least £2,500. The church and hall buildings, stores and contents are valued at cost or current market value, if gifted, at the value to the church on receipt. The manse and agricultural land are valued at current market value. This will be reviewed on an annual basis by the Trustees. Depreciation is recorded on all tangible fixed assets other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each a55et over its expected useful life as follows: Church and church hall buildings 2% straight line Fixtures, fittings and equipment 20% straight line Computers, software and technical equipment 20°A straight line Investments Investments are included in the balance sheet attheir market value at the year end. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held and other short-term highly liquid investments with maturities of three months or le5S. Financial instruments The Church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basis financial instruments are initially recognised at transaction price and subsequently measured at their settlement value. 181 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) DONATIONS AND LEGACIES Unrestricted Funds Restricted Total Funds Funds 2022 Total Funds 2021 Recorded giving: Donations and gifts Loose collections Gift Aid 103.989 969 12,902 182,333 286,322 969 44,081 284,086 2,863 64,040 31,179 117,860 213.512 331,372 350,989 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Total Funds Funds 2022 Total Funds 2021 Income from charitable activities Membership fees Grants 559 485 3,530 800 13,889 800 13,889 14,689 14,689 4,574 191Page
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTESTOTHE ACCOUNTS (convd) OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Total Funds Funds 2022 Total Funds 2021 Fundraising events Function income Sale of hoodies 495 1.496 911 495 1,496 911 2.902 2,902 INVESTMENTS Unrestricted Funds Restrlrted Total Funds Funds 2022 Total Funds 2021 Deposit interest PCI General investment fund Nl Central Investment Fund for Charities 321 2,559 2,880 5,255 2,698 2,698 324 5,257 5,581 5,255 20IPage
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) OTHER INCOME Unrestricted Funds Restricted Total Funds Funds 2022 Total Funds 2021 NIE wayleave Use of hall PCI sUPPOrt Christmas lights Sundry income Conacre income 27 980 2.922 27 1,280 2,922 200 112 1,000 27 350 300 200 112 1,000 4.041 1,500 5,541 377 COST OF RAISING FUNDS Unrestrirted Funds Restricted Total Funds Funds 2022 Total Funds 2021 FWO envelopes Events and catering 1,466 179 1,466 4,121 3,942 1,645 3,942 5,587 211 Page
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS (convd) EXPENDITURE ON CHARITABLE AcfiviTIES Unrestrlrted Funds Restricted Total Funds Funds 2022 Tota5 Funds 2021 Ministry and support staff costs General assessments Utilities Congregational running expenses Governance costs Stationery and teaching materials Presbytery fees Depreciation charge Donations to missions and charities 73.913 14,359 8.376 1,000 244 5.630 74,913 14,603 14,006 74,143 12,380 1.648 2,113 3,721 262 5,369 2,375 23,285 1,100 2.167 638 924 3,091 638 1,462 638 6,013 1,462 22,702 22,702 15,509 103.214 35.945 139,159 133,068 OTHER EXPENDITURE Unrestrirted Funds Restricted Total Funds Funds 2022 Total Funds 2021 Repairs and maintenance 846 2,565 3,411 846 2,565 3,411 221Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd) 10. EMPLOYEES Employment Costs 2022 2021 Wages and Salaries Social security costs Pension contributions Expenses allowances 46.096 5,226 11,063 7.978 47,852 6,128 12,555 70,363 66,535 Number of Employees The average number of employees during the year was: 2022 2021 Average number of employees There were no employees in receipt of employee benefits in excess of £60,000. 231Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 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 assessment to the Presbyterian Church in Ireland equivalent to the employerfs pension contribution for the Scheme and based on the stipend paid to the minister and the salary paid to the associate minister. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type, providing defined benefits based on career average re-valued 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 240A 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: 2022 2021 Contributions 8,406 8,531 The congregation contributes to a defined pension contribution scheme for its employees. The Scheme and its assets are held by the National Employment Savings Trust Corporation {NEST). The pension charge represents the contributions due from the congregation during that year. The contributions made by the congregation during the year were: 2022 2021 Contributions 2,657 4,024 241 Page
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 12. TANGIBLE FIXED ASSETS Bulldings and contents Total Valuation si As at l January 2022 Additions Revaluation 3,465,548 179,872 470,000 3,465,548 179,872 470,000 A5 at 31" December 2022 4,115,420 4,115,420 Depreciation As at 1st January 2022 Charge for the year 3,198,614 1,462 3,198,614 1,462 As at 31SI December 2022 3,200,076 3,200,076 st Net Book Value as at 31 December 2022 915,344 915,344 Net Book Value as at 31st December 2021 266,934 266,934 The assets of the Church comprise: Church building, stores and contents at Main Street, Broughshane Church hall building and contents at Main Street, Broughshane Manse at 111 Raceview Road, Broughshane Agricultural land adjacent to 111 Raceview Road, Broughshane 13. INVESTMENTS 2022 2021 PCI General investment fund Nl Central Investment Fund for Charities 134 85,357 Value as at 31 December 2022 85,491 251Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 14. DEBTORS 2022 2021 Gift Aid recoverable Prepayments 60,750 4,580 78,713 5,354 65,330 84,067 15.CASH AT BANK AND IN HAND 2022 2021 Bank current accounts Bank deposit accounts Cash in hand 607,684 441,842 205 478,216 439,285 608 1,049,731 918,109 16.CREDITORS DUE WITHIN ONE YEAR 2022 2021 Building construction costs due Accruals 124,759 9,580 53,425 1,547 134,339 54,972 261 Page
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACcOUs (convd) 17.FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at start Revaluation /recognition Balance at end Income Costs Transfer Unrestricted Funds General account 161,737 122,225 105,705 134 (3,670) 174,721 161,737 122.225 105,705 134 {3,670) 174,721 Restrlcted Funds General account Other Missionary accounts 9,744 9,724 120) 2,786 2,318 (468} Children's and Youth Ministry Property and Repairs account 4,873 4,873 80,464 17,054 8,238 470,000 4,083 563,363 New Hall Building account 931,933 193,813 1,449 200 1,124,497 Wednesday Friends account 762 879 50 1,591 Tuesday Fellowship account 2,224 8,883 5,227 201 215 1,437 129 13,267 3,755 3,035 2,424 3,634 2,905 3,237 82 98 3,872 200 2,545 94,370 4,414 119 497 745 129 9,693 Sunday School account Girls Brigade account Church Choir account Bowling Club account PW account Shining Star account Missionary account 85,357 380 3,505 (325) 3,271 6,845 1,052,401 237,860 42,452 555,357 3,670 1,806,836 OVERALL TOTALS 1,214,138 360.085 148,157 555,491 1,981,557 271 Page
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNT5 (convd) 17.FUND BALANCES AND RECONCILIATION OF FUNDS (cont'd) Analysis of closing funds Unrestricted Funds Restricted Total Funds Funds 2022 Total Funds 2021 Fixed assets Current assets Cu rrent liabilities 71,326 105,031 (1,636) 929.509 1,010.030 (132,703) 1,000,835 1,115,061 {134,339) 266,934 1,002,176 (54,972} Total funds 174,721 1,806,836 1,981,557 1,214,138 18. RELATED PARTY TRANSACTIONS Rev. Ronnie Agnew is a trustee of the church. In his capacity as the minister of the congregation he received remuneration of £35,025 and an expenses allowance of £6,382. Pension contributions of £8,406 were also paid by the congregation in respect of him to the Presbyterian Church in Ireland Pension Scheme12009). Employer's NIC of £4,699 was paid to the Presbyterian Church in Ireland for the minister. None of the other trustees received anv remuneration nor were any of them re-imbursed during the year for expenses they incurred in connection with their duties. A trustee paid conacre of £1,000 during the year for the renting of agricultural land belonging to the church. Expenditure in the Statement of Financial Activity includes the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland, a separate charity: Assessments United Appeal Moderator's Appeal 14,359 6,686 2,166 The congregation contributed £638 towards Presbytery Assessments during the year. There were no other related party transactions. 281 Page
Presbyter an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 19. CAPITAL COMMITMENTS st At 31 December 2022 the Church had capital commitments of £2.2 million in relation to the on-going building works for the new hall project, which have not been provided for in the st accounts (31 December 2021: nill. These commitments will be met by funds currently held in bank accounts, by a bank loan, by grants from the Listed Places of Worship scheme (towards the VAT incurred on the buildin8 works), by future donations and fundraising activities and by Gift Aid reclaimable. 291Page