an
FIRST BROUGHSHANE CONGREGATION OF THE
PRESBYfERIAN CHURCH IN IRELAND
Trustees Annual Report and Financial Statements
for the year ended 31st December 2023
Registered with the Charity Commission for Northern Ireland NIC105343

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
The Trustees present their Annual Report and Financial Statements for the year ended 31st
December 2023, 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, BT42 4JW.
Registered Charity in Northern Ireland - NIC105343.
CHARITY TRUSTEES
The Charity Trustees who senied during the year or who were trustees at the date of this
report were:
Rev Ronnie Agnew
Mr John Hamilton
Mr Tonyjackson
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

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
convd
AUDITOR
Mr Peter Stevenson F.C.A.
Senior Statutory Auditor
Stevenson and Wilson Chartered Accountants, Statutory Auditor
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 PREsB￿ERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
cont'd
STRUCtURE 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 persons 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 a55igned to it by the General Assembly of the
Presbyterian Church in Ireland. First Broughshane Presbyterian Church ha5 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 PRESB￿ERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
cont'd
The General Assembly
The General Assembly is the supremecourtof the Church, representing in one bodythe 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
firstweek in June 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 isto 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 isto 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 faithfullytoward 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
cont'd
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 thi5 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 obsen4ed at least 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 four new members admitted to the Lord's Supper
in 2023. Baptisms are administered to children of believing parents and adults upon
profession of faith. There we no baptisms in 2023.
Weekly prayer meeting5 are held on Sunday mornings before the service and on Wednesday
evenings.
Organisations:
The congregation has a busy programme of activities with a wide range of organisations
including:
Sunday School and Bible Class
Connect Youth Fellowship
Gir15 Brigade
Bowling Cub
Schools and Colleges Prayer Group
Presbyterian Women
Men Alive
Tuesday Fellowship
Wednesday Friends
Missions Committee
Small Groups for Bible Study and prayer
Alternative Praise Band

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
conyd
ACHIEVEMENTS AND PERFORMANCE
Worship and prayer
The congregation meets for worship each sunday at 11.30 am, and on the second and fourth
Sunday evenings at 6.30pm. Attendance at morning worship is approximately 200 each week,
and 60 to 70 in the evening. 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 facilitie5.
At 31 December 2023 there were 180 communicant members and 211 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 rnembers.
Mission and Outreach
All of the activities referred to earlier are open to people who are not members of the
congregation.
The congregation also supports the United Appeal for Mission, which is a central fund of the
Presbyterian Church in Ireland. This fund enables congregations to support the wider mi55ion
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 student5, and financially supports congregations in the area5 of worship,
discipleship, global mission, outreach, leadership and pastoral care.
We also operate an envelope scheme administered by our Mission Committee which
allocates the proceeds to other mission partners. During the year £700 was paid to other
mission partners.

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
cont'd
Mission and Outreach (convd)
The congregation normally joins with other churches in Broughshane village for Easter,
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 builders, Martin and Hamilton, moved on site early in 2023, and the building project is
progressing with the hope it will be completed before the summer of 2024. We are incredibly
grateful to Second Broughshane Presbyterian, St Patrick's Church of Ireland and the
Community Association for all their help with alternative accommodation durin8 the building
project.
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 attivities.

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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 practical 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 15
facilitated by centra5 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 frorn members, their families, and members of the public.
The purpose does not lead to harm. The only private benefst 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 other secular organisations, charities and individual members of the public.
The Kirk Session has had regard to the Commission's Public benefit requirement statutory
guidance.
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FIRST BROUGHSHANE CONGREGATION OF THE PREsB￿ERIAN 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 211 contributing families during the year {219 in 2022) donating a
total of £111,364 {£103,089 in 2022}to the General account. In addition tothisthere was also
£273,153 donated to Building account (£150,687 in 2022). The Church's overall income for
2023 was £780,683 (£360,085 in 2022). The main reasons for this substantial increase were
the increased donations and grants received towards the ongoing new hall project.
Expenditure increased from £148,157 in 2022 to £167,462 in 2023. The major item of
expenditure are costs in relation to ministry and support Staff totalling £77,202 {£74,913 in
2022. During the year donations to Missions and Charities of £12,982 were made (£22,702 in
2022).
At 31 December 2023 the balance sheet is in a healthy position with net assets of £2,599,741
{£1,981,557 in 2022).
TRUSTEES, RESPONSIBILITIES 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
any time its financial position and enable them to ensure that the financial statements comply
with the Statement of Recommended Practice "Accounting and Reporting by Charities". 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 irregularities.

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
convd
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 statementsto meet commitments. which will arise in the year from
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 £192,651 which is well in keeping with this policy. The Trustees
consider it prudent to hold reserves 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 Trustee5 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.
Approved by the Kirk Session at a meeting on 30th May 2024 and signed on its behalf by:
Rev, Ronnie Agne
Mr. Noel Connor
Position: Minister
Position: Clerk of Session
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INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF FIRST BROUGHSHANE
CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
Opinion
We have audited the financial statements of First Broughshane Presbyterian Church for the
year ended 31st December 2023 which comprise the Statement of Finance Activities,
Statement of Financial Position, Cash Flow Statement and notes to the financial statements,
including a summary of significant accounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice) - (Charities SORP {FRS102)).
In our opinion, the financial statements:
give a true and fair view of the state of the charit¢s affairs as at 31st December 2023
and of its incoming resources and their application for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice.
have been prepared in accordance with the requirements of the Charities Act (Northern
Ireland) 2008.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UK))
and applicable law. Our responsibilities under those standards are further described in the
Auditor's responsibilities for the audit of the financial statements section of our report. We are
independent of the charity in accordance with the ethical requirements that are relevant to our
audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAS (UK)
require us to report to you where:
the trustees, use of the going concern basi5 of accounting in the preparation of the
financial statements is not appropriate; or
the trustees have not disclosed in the financial statements any identified material
uncertainties that may cast significant doubt about charitvs ability to continue to adopt
the going concern basis of accounting for a period of at least twelve months from the
date when the financial statements are authorised for issue.
IIIPage

Presbyter
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INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF FIRST BROUGHSHANE
CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND (cont'd)
Other information
The trustees are responsible for the other information. The other information comprises the
information included in the annual report, otherthan thefinancial statements and our auditor's
report thereon. Our opinion on the financial statements does not cover the other information
and, except to the extent otherwise explicitly stated in our report. we do not express any form
of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent
with the financial statements or our knowledge obtained in the audit or otherwise appears to
be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material misstatement in the
financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report for the financial year for which the financial
statements are prepared is consistent with the financial statements; and
the trustees, report has been prepared in accordance with applicable legal
requirements.
Matters on whlch we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in
the course of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Charities
Act {Northern Ireland) 2008 requires us to report to you if, in our opinion:
accounting records have not been kept by the charity, or returns adequate for our audit
have not been received from branches not visited by us. or
the financial statements are not in agreement with the accounting record5 and returns.
or
certain disc105ures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanation5 we require for our audit.
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INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF FIRST BROUGHSHANE
CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND {cont'd)
Responsibilities of trustees
As explained more fully in the trustees, responsibilitie5 Statement set out on page 9, the
trustees are responsible for the preparation of the financial statements and for being satisfied
that they give a true and fair view, and for such internal control as the trustees determine is
necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charit¢s
ability to continue as a going concern, disclosin& as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustee either intends to
liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as
whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinion. Reasonable assurance is a high level of assurance,
but is not a guarantee that an audit conducted in accordance with
ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our procedures
are capable of detecting irregularities including fraud is detailed below:
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INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF FIRST BROUGHSHANE
CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND (cont'd)
Auditorfs responsibilities for the audit of the financial statements (convd)
We identified the laws and regulations applicable to the charity through discussions
with directors and key personnel, and from our own knowledge and experience of the
charitable sector. We focused on specific laws and regulations which we considered may
have a direct material effect on the financial statements orthe operations of the charity,
includingthe CharitiesAct and related legislation, while alsogivingconsideration to data
protection regulations and the safeguarding of charitable funds.
The engagement partner ensured that the engagement team collectively had the
appropriate competence, capabilitie5 and skills to identify or recognise non-compliance
with applicable laws and regulations and the team remained alert to the possibility of
fraud and non-compliance throughout the audit.
We assessed the susceptibility of the charity's financial statements to material
misstatement, including obtaining an understanding of how fraud might occur. We did
so through discussions with management as to their assessment of areas where fraud
or non-compliance might occur, as well as considering the internal controls in place to
mitigate risks of fraud and non-compliance.
In order to ascertain the extent of compliance with the laws and regulations, we made
enquiries of management as to whether there wa5 any actual or potential litigation, we
reviewed legal correspondence, we inspected board minutes and we performed
analytical procedures to identify any unusual or unexpected activity.
A further description of our responsibilities is available on the Financial Reporting Council's
website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's
report. Stevenson and Wilson is eligible for appointment as auditor of the charity by virtue of
its eligibility for appointment as auditor of a company under section 1212 of the Companies Act
2006.
Peter Steven50n
Senior Statutory Auditor
For and on behalf of:
Stevenson and WiSson Chartered Accountants, Statutory Auditor
22-30 Broadway Avenue,
Ballymena.
BT43 7AA.
th
Date: 30 May 2024
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FIRST BROUGHSHANE CONGREGATION OF THE PRESB￿ERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL AcfiviTY FOR THE YEAR ENDED 31- DECEMBER 2023
Unrestricted
Funds
Restrirted
Funds
Total Funds
2023
Total Funds
2022
Notes
Income from:
Donations and
legacies
Charitable activities
Other trading
activities
Investments
Other income
127,004
375,335
5,881
502,339
5,881
331,372
3,068
16,130
6,486
241,545
16,130
6,863
249,470
2,902
5,581
17,162
377
7,925
Total income and
endowments
135,306
645,377
780,683
360,085
Expenditure on:
Cost of raising funds
Expenditure on
charitable activities
Other expenditure
1,506
3.600
5,106
5,587
112.731
48,190
1,435
160,921
1,435
139,159
3,411
Total expenditure
114,237
53,225
167,462
148,157
Net income
21,069
592.152
613,221
211,928
Transfers between funds 10
Revaluation of fixed
assets
Revaluation /
recognition of PCI
and NICIFC share5
{3.152)
3.152
470,000
14
13
4.950
4,963
85,491
Net movement in funds
Reconciliation of funds:
Total funds brought
forward
17.930
600.254
618, 184
767,419
174,721
1,806,836
1,981,557
1,214,138
Total funds carried fonmard
192,651
2.407.090
2,599,741
1,981,557
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FIRST BROUGHSHANE CONGREGATION OF THE PREsB￿ERIAN CHURCH IN IRELAND
BALANCE SHEET AS AT 31 DECEMBER 2023
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Total Funds
2022
Notes
Fixed assets
Tangible fixed assets
Investments
13
14
71,192
147
2.135.100
90,307
2.206,292
90,454
915,344
85,491
Total fixed assets
71,339
2,225,407
2,296,746
1,000,835
Current assets
Debtors and
prepayments
Cash at bank and in
hand
15
10,815
135,078
145,893
65,330
16
118.552
515.191
633.743
1,049,731
Total current assets
129,367
650,269
779,636
1,115,061
Current liablllties
Creditors due within
one year
17
8,055
468,586
476,641
134,339
Total current
liabilities
8,055
468,586
476,641
134,339
Net current a55et5
121,312
181,683
302,995
980,722
Total net assets
192.651
2.407.090
2.599,741
1,981,557
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FIRST BROUGHSHANE CONGREGATION OF THE pREsB￿ER1AN CHURCH IN IRELAND
BALANCE SHE￿ AS AT 31 DECEMBER 2023
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Total Funds
2022
Notes
Funds of the charity
Unrestricted funds
Restricted funds
18
18
192,651
192,651
2,407,090
174,721
1,806,836
2.407,090
Total charlty funds
192,651
2,407,090
2,599,741
1,981,557
Approved by the Kirk Session at a meeting on 30th May 2024 and signed on its behalf by:
Rev. Ronnie Ag
Mr. Noel Connor
Position: Minister
Position: Clerk of Session
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
CASH FLOW STATEMENT FOR THE YEAR ENDED 31- DECEMBER 2023
Total Funds
2023
Total Funds
2022
Cash flow from operating activities
Net incoming resources before interest received
Depreciation / loss on disposal
Revaluation of tangible fixed assets and investments
{Increase)/decrease in debtors
Increase in creditors
611.321
19,227
(4,963)
(80,563)
342,302
761,838
1,462
(555,4911
18,737
79,367
Net cash inflow from Incomlng resources
887,324
305,913
Return on investments and servicing of finance
Interest received
6,863
5,581
894,187
311,494
Capltal expendlture
Purchase of tangible fixed assets
(1.310,1751
(179,872)
Net {decrease)/increase in cash for the year
(415.988)
131,622
Cash and cash equivalents at the beginning of the year
1.049,731
918,109
Cash and cash equlvalents at the end of the year
633,743
1,049,731
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FIRST BROUGHSHANE CONGREGATION OF THE PREsB￿ERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS 31- DECEMBER 2023
ACCOUNTING POLICIES
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
IFRS 102) - (Charities SORP (FRS 102)).
The financial statements have been prepared under the historical cost convention except for
investment assets, which are shown at market value. The financial statements include all
transactions, assets and liabilities for which the congregation is responsible in law. They do
not include the accounts of church groups that owe their afriliation to another body, nor those
that are informal gatherings of church members.
The church meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost and transaction value unless Otherwise stated in the
relevant accounting policy note.
PREPARATION OF ACCOUNTS ON A GOING CONCERN BASIS
The Church generally meets its day-to-day workings capital requirements from its annual
income. The Trustees have obtained and reviewed cash flow forecasts for the incoming year
and based on these are satisfied that the Church has resources to provide a reasonable
expectation that it can continue to meet its financial obligations as they fall due for the
foreseeable future. Therefore, these financial statements have been prepared on a going
concern basis.
FUND ACCOUNTING
Restricted funds comprise revenue donations or grants for a specific congregational activity
intended by the donor. Where these funds have unspent balances, interest on their pooled
investment is apportioned to the individual funds on an average 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 (convd)
INCOMING RESOURCES
(l) 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 resources.
(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) Contractual income and performance related grants
This is only included in the SOFA once the related goods or seniices 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 pRE5B￿ERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (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 loss on the sale of investments and any gain or loss resulting
from revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
(xi) Liability recognitlon
Liabilities are recognised as soon as there is a legal or constructive obligation
committing the congregation to pay out resources.
(xil) 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 wlthout performance conditions
These are only recognised in the accounts when a commitment has been made and
there are no conditions to be met relating to the grant which remain in the control of
the charity.
ASSETS/(LIABILITIESI
Tangible Fixed Assets
The assets of the Church comprise:
Church buildin& 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
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
ACCOUNTING POLICIES {cont'd)
Tangible Fixed Assets {conVd)
Tangible fixed assets for use by the church are capitalised if they can be used for more than
one year, and cost at least £2,500. The Trustees have agreed that any fixed asset addition
with a value of less than £2,500 does not need to be shown as an asset and will simply be
written off as expenditure in the year of purchase.
The church and hall buildings, stores and contents are valued at cost or current market value,
or 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 asset over its expected
Useful life as follows:
Church and church hall buildings
Fixtures, fittings and equipment
Computers, software and technical equipment
2% straight line
20% straight line
20% straight line
Tangible fixed assets are de-recognised on disposal or when no future economic benefits are
expected. On disposal, the difference between the disposal proceeds and the carrying
amount is recognised in the statement of financial activities.
All capital expenditure associated with the new hall project will be capitalised, with
depreciation charged from the date it is available for use by the church members.
Investments
Investments are included in the balance sheet at their market value at the year end.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held and other 5hort-term highly
liquid investments with maturities of three months or less.
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 PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {cont'd)
DONATIONS AND LEGACIES
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Total Funds
2022
Recorded giving:
Donations and gifts
Loose collections
Gift Aid
112,257
3.201
11,546
308.739
420,996
3,201
78,142
286,322
969
44,081
66,596
127,004
375.335
502,339
331,372
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restrlrted Total Funds
Funds
2023
Total Funds
2022
Income from charitable
activities
Membership fees
Organisation grant income
699
1,311
3,871
699
1,311
3.871
800
2,268
5,881
5.881
3,068
OTHER TRADING ACTIVITIES
Unrestrirted
Fund5
Restricted Total Funds
Funds
2023
Total Funds
2022
Fundraising events
Function income
Sale of hoodies
16.130
16.130
495
1,496
911
16.130
16.130
2,902
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
INVESTMENTS
Unrestrirted
Funds
Restrirted Total Funds
Funds
2023
Total Funds
2022
Deposit interest
PCI General investment fund
Nl Central Investment Fund
for Charities
374
3,848
4.222
2,880
2,638
2,638
2,698
377
6,486
6,863
5,581
OTHER INCOME
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Total Funds
2022
NIE wayleave
Use of hall
PCI support
Sundry income
Conacre income
Bequest receipts
Contribution towards
utility C05tS
Building project grant
income
30
30
27
1,280
2,922
312
1,000
895
250
1,100
1.500
1,145
1,100
4,500
3,000
4.000
4.000
238,695
238,695
11,621
7,925
241,545
249,470
17,162
241 Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (conyd)
COST OF RAISING FUNDS
Unrestrirted
Funds
Restricted Total Funds
Fund5
2023
Total Funds
2022
FWO envelopes
Events and catering
1,466
40
1.466
3.640
1,466
4,121
3,600
1,506
3.600
5,106
5,587
EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Total Funds
2022
Ministry and support staff
costs
General assessments
Utilities
Congregational runnin8
expenses
Governance costs
Stationery and teaching
materials
Presbytery fees
Depreciation charge / loss
on disposal
Donations to missions and
charities
77,202
13,239
11,024
1,100
1,596
6.839
78,302
14,835
17,863
74,913
14,603
14,006
2.852
5,497
5.069
363
7.921
5,860
5,369
2,375
2,365
552
1.014
3.379
552
3,091
638
19.227
19,227
1,462
12,982
12,982
22,702
112,731
48,190
160,921
139,159
251 Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
OTHER EXPENDITURE
Unrestrirted
Funds
Restricted Total Funds
Funds
2023
Total Funds
2022
Repairs and maintenance
1.435
1,435
3,411
1,435
1,435
3,411
10. TRANSFERS BETWEEN FUNDS
Unrestricted funds are spent or applied at the discretion of the trustees to further any of the
charity's purposes. Unrestritted funds may be used to supplement expenditure made from
restricted funds.
11. EMPLOYEES
Number of Employees
The church had no employees during the year (2022: none).
The minister and the deaconess of the congregation are employees of the Presbyterian
Church in Ireland, which is a separate charity and they have not been reflected in the
employee costs and average number of employees above. The congregation pays an
assessment to the Presbyterian Church in Ireland for both the rninister and the deaconess.
The following amounts were paid during the year:
2023
2022
Minister stipend
Deacones5 salary
42,242
12,440
38,796
11,598
54,682
50,394
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {cont'd)
12. PENSION COSTS
The minister and deaconess of the congregation are members of the Presbyterian Church in
Ireland Pension Scheme12009). 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 employer's pension contribution for the
Scheme and based on the stipend paid to the minister and the salary paid to the deaconess.
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 24°A 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 total contributions made by the congregation during the year were:
2023
2022
Contributions
11,949
11,063
271 Pa8e

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
13. TANGIBLE FIXED ASSETS
Buildings
and
contents
Total
Cost / Valuatlon
As at 1st January 2023
Additions
Disposals
4,115,420
1,320,175
{30,000>
4,115,420
1,320,175
(30,0001
si
As at 31 December 2023
5,405,595
5,405,595
Depreciation
As at istjanuary 2023
Charge for the year
Disposals
3,200,076
2,227
13,000)
3,200,076
2,227
(3,000}
A5 at 31st December 2023
3,199,303
3,199,303
Net Book Value as at 319t December 2023
2,206,292
2,206,292
Net Book Value as at 31st December 2022
915,344
915,344
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
14.
INVESTMENTS
2023
2022
PCI General investment fund
Nl Central Investment Fund for Charities
147
90,307
134
85,357
Value as at 31" December 2023
90,454
85,491
281page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
15.
DEBTORS AND PREPAYMENTS
2023
2022
Gift Aid recoverable
Grant receivable
Prepayments
9,349
131,332
5.212
50,787
9,963
4,580
145,893
65,330
16.
CASH AT BANK AND IN HAND
2023
2022
Bank current accounts
Bank deposit accounts
Cash in hand
627,372
5,265
1,106
607,684
441,842
205
633,743
1,049,731
17.
CREDITORS DUE WITHIN ONE YEAR
2023
2022
Building construction costs due
Other creditors and accruals
453,139
23,502
124,759
9,580
476,641
134,339
291Page

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FIRST BROUGH5HANE CONGREGATION OF THE PREsB￿ERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
18.
FUND BALANCES AND RECONCILIATION OF FUNDS
Fund
Balance
at start
Balance
at end
Income
Costs
Revaluation Transfer
Unrestricted Funds
General account
174,721
135,306
114,237
13
13,152>
192,651
174.721
135.306
114,237
13
(3,152)
192,651
Restricted Funds
General account
Children'5 and Youth
Ministry account
Property and Repairs
account
11,196
11,196
4,873
4,873
563,363
17,120
25,185
{24,253)
531,045
New Hall Building
account
1,124,497
9,693
497
119
4,414
745
129
94,370
599,722
3,969
280
3,582
745
68
27,560 1,748,197
795
13,712
(300}
409
119
5,006
345
129
99,181
Missionary account
Bowling Club account
Church Choir account
Girls Brigade account
PW account
Shining Star account
Sunday School account
Tuesday Fellowship
account
3,864
2,556
3,272
2,206
{750)
3,398
3,537
4,950
2,545
2,727
2,977
100
2,395
Wednesday Friends
account
1,591
545
457
1,679
1.806,836
645.377
53,225
4,950
3.152 2,407,090
OVERALL TOTALS
1,981,557
780.683
167,462
4,963
2,599,741
30IPage

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
18.
FUND BALANCES AND RECONCILIATION OF FUNDS (cont'd)
Analysis of closing funds
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Total Funds
2022
Fixed assets
Current assets
Current liabilities
71,339
129,367
(8,055)
2,225,407
650,269
(468,586)
2.296,746
779,636
{476,641)
1,000,835
1,115,061
(134,3391
Total funds
192,651
2,407,090
2,599,741
1,981,557
19.
RELATED PARTYTRANSACTIONS
Rev. Ronnie Agnew is a trustee of the church. In his capacity as the minister of the
congregation he received remuneration of £38,162, an expenses allowance of £6,701 and a
cost-of-living payment of £500. Pension contributions of £9,159 were also paid by the
congregation in respect of him to the Presbyterian Church in Ireland Pension Scheme12009).
Employer's NIC of £5,005 was paid to the Presbyterian Church in Ireland for the minister.
None of the other trustees received any 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 £1,100 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
13,239
7,737
The congregation contributed £552 towards Presbytery Assessments during the year.
There were no other related party transactions.
311Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (conyd)
20.
CAPITAL COMMITMENTS
st
At 31 December 2023 the Church had capital commitments of £1.2 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 2022: £2.2 million).
These commitments will be met by funds currently held in bank accounts, by a bank loan, by
interest free loans from church member5, by grants from the Listed Places of Worship scheme
(towards the VAT incurred on the building works), by future donations and fundraisin8
activities and by Gift Aid reclaimable.
321 Page