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
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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.
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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.

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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.
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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

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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 Agne￿5 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

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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
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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.

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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
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FIRST BROUGHSHANE CONGREGATION OF THE PRESB￿ERIAN 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
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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
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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
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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
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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
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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.
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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.
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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.
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FIRST BROUGHSHANE CONGREGATION OF THE pREsB￿ERlAN 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.
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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
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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
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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
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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
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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.
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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
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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
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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
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACcOU￿s (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
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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.
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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