an BU KNA CON REG TION OF THE PRESBYfERIAN CHURCH IN IREL STATEMENT OF FINANCIAL ACTIvrrY FOR YEAR ENDED 31 DECEMBER 2022 UNREsfRIcfED RESTRicfED TOTAL TOTAL FUNDS FUNDS 2022 2021 Income and endowments from Donations and legacies Charitsble activities Investments other Income 98,808 920 139 380 187,356 15,215 1,388 457 286,163 16,135 1,527 837 211,293 9,556 259 888 Total 100,248 204,416 304,663 221,996 Expenditure on: Raising funds Charitable activities 1,135 151,042 114,992 68,404 183,396 Total 114,992 68,404 183,396 152,177 Net incomel(expenditure) Transfers between funds Net movement in funds (14,744) 14,273 (471) 136,011 (14,273) 121,738 121,267 69,819 121,267 69,819 Reconciliation of funds: Total funds brought forward 24,450 1,238,272 1,262,722 1,192,903 Total funds carried forward 23,979 1,360,010 1,383,989 1,262,722 12
an BUCKNA ON RE OF THE PRESBYfERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31 DECEMBER 2022 NOTES UNRESTRICTED REsrRIED TOTAL TOTAL FUNDS FUNDS FUNDS FUNDS 2022 2021 FIXED ASSETS Tangible assets Investments 10 11 123,360 123,360 89,347 Total fixed assets 123,360 123,360 89,347 CURRENT ASSErs Debtors Cash at bank and in hand Total current assets 12 13 16,836 9,704 26,539 31,372 1,205,278 1,236,650 48,207 1,214,982 1,263,189 36,163 1,138,412 1,174,575 LIABILrrIES Creditors: amounts falling due within one year 14 2,560 2,560 1,200 Net current assets 23,979 1,236,650 1,260,629 1,173,375 Total net assets 23,979 1,360,010 1,383,989 1,262,722 FUNDS OF THE CHARrrY Unrestricted funds Restritted funds 15 15 23,979 23,979 1,360,010 24,450 1,238,272 1,360,010 Total charity funds 23,979 1,360,010 1,383,989 1,262,722 Approved by the Kirk Session at a meeting on 81 igand signed on its behalf by: Mr Wilnor Reid (Clerk of Session) Mr5 Maureen Currie (Treasurer) Dated ,/,/,, Dated 13
an BU KNA RE OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 ACCOUNTING POLICIES Basis of financlal ststements The financial statements have been prepared in accordan with Accounting and Reporting by Charities:Ststements of Recommended Practice applicable to charities preparing their accounts in accordantr with Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective l January 2015). The financial statements have been prepared under the historical c05t 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 affiliation to another body, nor those that are informal gatherings of church members. Fund accounting Restricted funds comprise revenue donations or grants for a specific congregational attivity intended by the donor. Where these funds have unspent balance, interest on their pooled investment is apportioned to the individual funds on an average bas15. Unrestricted fund5 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. Income resources nition of incomin These are included in the Statement of Financial Attivities (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 reliably. (i) (11) Incomln resources with related ex endi Where incoming reSoUrS have related expenditure (as with fundraising income) the Incoming resources and related expenditure are reported gross in the SOFA. ure (iii) Grants and donations Grants and donation5 are only included in the SOFA when the congregation ha5 unconditional entitlement to the resources. (iv) s on donations and ifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. 14
an BU KNA RE ON OF TrIE PRESBYfERIAN CHUR H IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 ACCOUNTING POLICIES- CONfD (v) Contractual in e and erformance related rants This is only included in the SOFA once the related goods or services have been delivered. IA The value of any voluntary help received 15 not included in the accounts but is described in the trustees, annual report. Expenditure and liabilties (vii) Liabili nition Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. reco (viii) overn 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. {ix) Grants with conditions Where the charity gives a grant with conditions for its payment being a specific level of Servi or output to be provided, such grants are only recognised in the SOFA On the recipient of the grant has provided the specified service or output. (x) Grants abl without erformance condition 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. (xi) Tan ible fixed asse Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt. DepCiatIon is recorded on all tsngible fixed assets other than freehold Sand, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows: Buildings Flxtures, fittings and equipment Computers, software and technical equipment over 50 years over 10 years over 4 years 15
an BU KN OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 INCOME FROM DONATIONS AND LEGACIES UNREsfRICTED RESTRICTED TOTAL TOTAL FUNDS FUNDS FUNDS FUNDS 2022 2021 Recorded giving Loo* collections Donations and gifts Legacies and bequests Gift aid 84,715 143,629 5,610 1,491 5,254 31,373 187,356 228,344 5,610 1,591 5,254 45,366 286,163 174,358 1,594 220 1,856 33,265 211,293 100 13,993 98,808 INCOME FROM CHARITABLE ACTIVITIES UNRESTRICTED RESTRIcfED TOTAL TOTAL FUNDS FUNDS FUNDS FUNDS 2022 2021 Organisation income Sale of study books etc Grants 11,815 11,815 920 3,400 16,135 4,011 540 5,005 9,556 920 3,400 15,215 920 INCOME FROM INVESTMENTS UNRESTRICTED RESTRicfED TOTAL TOTAL FUNDS FUNDS FUNDS FUNDS 2022 2021 Bank interest and gain on investment 139 1,388 1,527 259 OTHER INCOME UNRESTRICTED RESTRIcfED TOTAL TOTAL FUNDS FUND5 FUNDS FUNDS 2022 2021 other income 380 457 837 888 16
an CKNA NGRE ATI FTHEP N IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 EXPENDITURE ON RAISING FUNDS UNRESfRIED RESTRicfED TOTAL TOTAL FUNDS FUNDS FUNDS FUNDS 2022 2021 FWO envelope5 1,135 1,135 EXPENDITURE ON CHARrrABLE AcfIviTIES UNREsfRicreD REsfRicfED TOTAL TOTAL FUNDS FUNDS FUNDS FUNDS 2022 2021 General assembly assessments Presbytery fees Ministry and support staff costs Congregational runnlng expenses Donations to Misslons and charities Governance costs Depreciatlon charge 8,651 2,497 8,651 2,497 10,773 2,090 70,938 70,938 70,974 30,506 68,404 98,910 62,859 2,400 2,400 4,346 114,992 68,404 183,396 151,042 EMPLOYEES TOTAL TOTAL FUNDS FUNDS 2022 2021 Wages, salaries and expense allowance Soclal securlty costs Pension contributions 56,808 4,899 8,724 70,430 57,576 4,549 8,532 70,657 N mber of em lo The average number of employees, Includln9 the mlnister of the congregation, during the year was: 2022 2021 Average number of employees There were no employees In receipt of employee benefits in extrss of £60,000. 17
an ONGREGATION F THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 PENSION cosrs 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 employer's pension contribution for the Scheme and based on the stipend paid to the minster. The Presbyterian Church in Iland Pension Scheme (2009) is a funded scheme of the defined benefit typei providing defined benefits based on career average revalued 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 % of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in Se1 benefits and funding the scheme deficit. The contributions made by the congregation during the year were: TOTAL TOTAL FUNDS FUNDS 2022 2021 Contributions 8,724 8,532 18
an BUCKNA CONGREGATI THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 10 TANGIBLE FIXED ASSETS BUILDINGS FXXtURES TOTAL FrrrINGS & EQUIPMENT COST OR VALUATION At stsrt of year Additions Disposals 2,199,518 34,125 20,980 2,220,498 34,125 At end of year 2,233,643 20,980 2,254,623 DEPRECIATION At start of year Provision for year Disposals 2,111,283 19,869 111 2,131,152 111 At end of year 2,111,283 19,980 2,131,263 NEf BOOK VALUE At start of year 88,235 I,iii 89,346 At end of year 122,360 1,000 123,360 19
an NA NGRE ATI RE BER[AN HINI NOTES TO THE ACCOUNTS 31 DECEMBER 2022 li INVESTMENTS 2022 2021 Value at 31 December 2022 12 DEBTORS UNRESTRIcfED RESTIUCTED TOTAL TOTAL FUNDS FUNDS FUNDS FUNDS 2022 2021 Gift Aid Recoverable Prepayments 13,993 2,842 31,372 45,365 2,842 33,265 2,898 16,836 31,372 48,207 36,163 13 CASH AT BANK AND IN HAND UNREsrRicrED RESTRicfED TOTAL TOTAL FUNDS FUNDS FUNDS FUNDS 2022 2021 Bank current accounts Bank dep051t account C35h in hand 9,704 1,205,278 1,214,982 1,138,412 9,704 1,205,278 1,214,982 1,138,412 14 CREDrroRS: amounts falling due within one year UNREsfRIcfED RESTiucfED TOTAL TOTAL FUNDS FUNDS FUNDS FUNDS 2022 2021 Accruals Interest free loans Bank loan 2,560 2,560 1,200 2,560 2,560 1,200 20
Pres an- BUCKNA CONGREGATION RESBYfERIAN CHURCH IN IRÈLAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 15 FUND BALANCES AND RECONCILIATION OF FUNDS Fund BALANCE INCOME EXPEND TRANSFER I BALANCE AT AT START END UNRESTRICTED FUNDS General account 24,450 100,248 (114,992) 14,273 23,979 24,450 100,248 1 114,992 14,273 23,979 REsfRIcfED FUNDS United Appeal Ukraine Amounts received for others 951 4,890 6,843 (7,229) (7,000) 1,233 (37) 189 (189) (499) GB BB Missionary Choir Building Girls Brigade Sunday School Junior Christian Endeavour Maintenance & Repair VIBE Youth Club Bowling Club pw Boy5 Brigade Building No 5 4,793 263 | 1,088,570 6,391 2,389 461 56,947 619 (21,989) 6,833 263 1,200,699 4,249 1,975 121,847 4,017 495 453 (2,500) (6,159) (908) (685) (4,595) (3,569) (1,108) (1,033) (5,906) (4,617) (22) (7,218) (42,130)1- 39,258 1,012 1,920 514 1,907 3,680 95,336 3,962 2,118 245 6,007 472 1,301 1,806 7,825 65,010 30,348 1,238,272 204,417 | (68,404) (14,273), 1,360,010 TOTAL FUNDS 1,262,722 304,664 (183,395) 1,383,989 21
an KNA RE RE BERIAN HUR HINIR NOTES TO THE ACCOUNTS 31 DECEMBER 2022 16 RELATED PARTY TRANSAcfIoN One of the Trustees, the minister of the congregation received remuneration of £36,350 and expenses of £7,665 for acting in the capacity. Pension contributions of £8,724 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). None of the other trustees received any remuneration. During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity £8,651 for congregational assessments £7,229 towards the United Appeal The congregation contributed £390 towards Presbytery Assessments during the year. There were no other related party transattions.