Presbyter an NG ERI CH STATEMENT OF FINANCIAL ACTIVITY FOR YEAR ENDED 31 DECEMBER 2023 UNREsfRIcfED FUNDS RESTRicfED FUNDS TOTAL TOTAL 2023 2022 Income and endowments from Donations and legacies Charitsble actSvitles Investments Other Income 104,587 941 124 2,940 231,924 27,889 6,792 604 336,511 28,830 6,916 3,544 286,165 16,135 1,527 837 Totsl 108,592 267,210 375,803 304,664 Expendlture on: Ralsing funds Charitable activitie5 117,416 62,478 179,894 183,396 Total 117,416 62,478 179,894 183,396 Net income/(expenditure) Transfers between funds Net movement In funds (8,824) 5,465 (3,359) 204,732 (5,465) 199,267 195,909 121,267 195,909 121,267 Reconciliation of funds: Total funds brought forward 23,979 1,360,010 1,383,989 1,262,722 Total funds carried forward 20,620 1,559,277 1,579,897 1,383,989 12
Presbyter an X1LJII4'. BALAN¢ESHEEr ASAT31 DECEMBEk2023 TOTPL PJNDS IAL TrueDASSErs .161118 123J60 116•,118 CUAREKfAgSETS Delor5 Ch ItbkIndlrt hand Toul avrnnta5$015 12 16,950 203 44207 214.992 eo 1.263,iWJ tiethlotr. •mtyJnb thinn9 14 39S,16D 1.260.629 ToThi rnt0$5tl• 1579A97 1.383.989 FUN OFTHE CHAIITri UnreStj rL¥ 23,979 IJGD,OJO Is 1,559,2TI 1.5S9277 Toial ¢hJrlVI lunds 579.8YI 1.5S92n a3kn989 IhBlJrtSe55k>n at• medlngon •nd5tyll¢d on ts t•haiftrr. {ClykolSesslM)
an NA ESB LAND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 ACCOUNTING POLICIES Basls of financial statements The finanaal ststements have been prepared in accordan wlth Accounting and Reportlng by Charities'.Ststements of Recommended Practi applicable to charlties preparlng their accounts in accordan wlth Flnanclal Reportlng Standard appllcable In the UK and Ireland (FRS102) (effective l January 2015). The financlal statements have been prepared under the h15torlcal cost conventlon except for investment assets, whlch are shown at market value. The financial statements include all transactions, assets and Ilabilities for which the congregation Is responsible in law. They do not Include the accounts of church groups that owe thelr affiliatlon to another body, nor tho* that are informal gatherings of church members. Fund accountlng Restricted funds comprlse revenue donatlons or grants for a specific congregational activity Intended by the donor. Where these funds have unspent balantr, Interest on thelr pooled Investment is apportioned to the Individual funds on an average basls. Unrestricted funds are Income funds whlch are to be spent on the congregatlon's general purposes. Designated funds are general funds set aside by the congregatlon for use in the future. Income resources ofl in These are Included In the Statement of Flnanclal Actfvities (SOFA) when: the congregatlon becomes entitled to the resources. the trustees are virtually rtain they will recelve the resources. and the monetary value can be measured wlth sufflcient rellably. (i) (11) res rel endlture Where Incomlng resour have related expendlture (as wlth fundralslng Income) the Incomlng resources and lated expenditure are reported gross in the SOFA. (iii) an Ions Grants and donations are only Induded in the SOFA when the congregatlon has unconditional entitlement to the resources. (iv) on and Incoming resour from tax reclalms are Included Sn the SOFA at the same time as the gift to whlch they relate. 14
Presbyter an RE ATI FTHE P IA IN IRELA NOTES TO THE ACCOUNTS 31 DECEMBER 2023 ACCOUNTING POLICIES- CONfD (v) In ran Thls Is only Included In the SOFA once the related goods or servlces have been dellvered. (vl) te hel The value of any voluntary help recelved Is not Included in the accounts but Is descrlbed In the trustees, annual report. Expenditure and Ilabilties Llabllitles are recognlsed as soon as there Is a legal or constructe obligation commlttlng the congregation to pay out resour. (viii) The* are shown within charitable attlvlties and Include the costs of preparation and examlnatlon of accounts, the costs of trustee meetings and cost of any legal advi to trustees on governan or constltuttonal matters. (Ix) an IA dltlon Where the charlty gives a grant with condltlons for its payment belng a specific level of Serv1 or output to be provided, such grants a only recognised in the SOFA once the recipient of the grant has provided the specified Se1 or output. (x) ran with rform ce These a only recognised in the accounts when a commitment has been made and there are no condltlons to be met relating to the grant whlch remaln In the control of the charlty. ed Tangible flxed assets for use by charfty are capitslised 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 chartty on reipt. Depreclatlon Is recorded on all tanglble fed a55ets other than freehold land, at rates calculated to wrlte off the cost, less estimated resldual value, of each asset over its expected useful life as follows: Flxtures, fittlngs and equipment Computers, Softwa and technical equlpment over 10 year5 over 4 years 15
Presbyter an REGA IA NOTES TO THE ACCOUNTS 31 DECEMBER 2023 INCOME FROM DONATIONS AND LEGACIES UNREsfRicfED FUNDS RESTRICTED FUNDS TOTAL FUNDS TOTAL FUNDS 2023 2022 Recorded glving Loose collettions Donations and gifts Legacies and bequests Gift aid 90,505 189,707 1,914 1,120 4,930 34,253 231,924 280,212 1,914 1,220 4,930 48,235 336,511 228,344 5,610 1,591 5,254 45,366 286,165 100 13,982 104,587 INCOME FROM CHARITABLE ACTIVITIES UNREsfRIcfED FUNDS REsfRIcfED FUNDS TOTAL TOTAL FUNDS FUNDS 2023 2022 Organlsation income Sale of study books etc Grants 22,689 22,689 941 5,200 28,830 941 11,815 920 3,400 16,135 5,200 27,889 941 INCOME FROM INVESTMENTS UNRESTrICTED FUNDS RESTRICTED FUNDS TOTAL TOTAL FUNDS FUNDS 2023 2022 Bank Interest and galn on investment 124 6,792 6,916 1527 OTHER INCOME UNREsfRIcfED FUNDS RESTRICTED FUNDS TOTAL TOTAL FUNDS FUNDS 2023 2022 Other Income 2,940 604 3,544 837 16
an NOTES TO THE ACCOUNTS 31 DECEMBER 2023 EXPENDITURE ON RAISING FUNDS uNERIctED REsfRxcfED TOTAL TOTAL FUNDS FUNDS FUNDS FUND5 2023 2022 PNO envelopes EXPENDrruRE ON CHARITABLE ACTivrriES UNRESTRICTED RESTiucfED TOTAL TOTAL FUNDS FUND5 FUNDS FUNDS 2023 2022 General assembly assessments Presbytery fees Mlnlstry and support staff costs Congregauonal running expenses Donations to Mlsslons and charltyes Governan costs Depreckition charge 8,985 2,527 8,985 2,527 8,651 2,497 79,371 79371 70,938 25,859 62,378 88,236 98,910 675 675 2,400 loo 62,478 loo 179,894 117,416 183,396 EMPLOYEES TOTAL TOTAL FUNDS FVNPS 2023 2022 Wage5, salarfes and expense allowan Sodal securlty costs Penston contrlbutlons 63,317 5,006 9,160 77,482 56,808 4,899 8,724 70,431 The average number of employee5, Indudlng the mlnlster of the congregatlon, during the year was: 2023 2022 Average number of employees There were no employees In recelpt of emptyee benefits In excess of £60,000. 17
Presbyter an PRESB NOTES TO THE ACCOUNTS 31 DECEMBER 2023 PENSION COSTS The mlnister of the congregation is a member of the Presbyterian Church In Ireland Pension Scheme (2009). This Is a scheme operated by the Presbyterlan Church In Ireland, a separate reglstered charlty. The congregation pays an assessment to the Presbyterian Church In Ireland equlvalent to the employevs pension contribution for the Scheme and based on the stipend paid to the minster. The Presbyterian Church In Ireland Penslon Scheme (2009) Is a funded scheme of the deflned beneflt typei providlng defined benefits based on cartrr 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 fundlng plan to ensure the Scheme Is sufflclently 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 contributlons of 24% of pen51onable salarles to cover the accrual of benefits for future seNS, expenses, the cost of Insurlng death in seNlce benefits and funding the scheme deficit. The contributlons made by the congregatlon during the year were: TOTAL TOTAL FUNDS FUNDS 2023 2022 Contrlbutions 9,160 8,724 18
Presbyter an PRE RE NOTES TO THE ACCOUNTS 31 DECEMBER 2023 io TANGIBLE FIXED ASSETS BUILDINGS FJxfuRES FrrrINGS & TOTAL EQUIPMENT cosr OR VALUATION At start of year Addltions Disposals 2,233,643 1,040,858 20,980 2,254,623 1,040,858 At end of year 3,274,501 20,980 3,295,481 DEPRECIATION At start of year Provision for year Dlsposals 2,111,283 19,980 loo 2,131,263 loo At end of year 2,111,283 20,080 2,131,363 NET BOOKVALUE At start of year 122,360 1,000 123,360 At end of year 1,163,218 900 1,164,118 19
an SB HURC ND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 li INVEsfMENTS 2023 2022 Value at 31 December 2023 12 DEBTORS UNREsfRicfED REsfRICYED TOTAL TOTAL FUNDS FUNDS FUNDS 2023 FUNDS 2022 Gift Aid Recoverdble Prepayments 13,982 2,967 34,253 48,235 2,967 45,365 2,842 16,950 34,253 51,203 48,207 13 CASH AT BANK AND IN HAND UNREsfRICTED REsfRicfED TOTAL TOTAL FUND5 FUNDS FUNDS FUNDS 2023 2022 Bank current accounts Bank deposit account Cash in hand 5,071 410,906 415,978 1,214,982 5,071 410,906 415,978 1,214,982 14 CREDITORS: amounts falling due wlthln one year UNRESTRICTED RESTRicfED TOTAL TOTAL FUNDS FUNDS FUNDS FUNDS 2023 2022 Accruals Interest free loans Bank loan 1,400 1,400 2,560 50,000 50,000 50,000 51,400 1,400 2,560 20
Presb an- UCKN REG RIA CHI NOTES TO THE ACCOUNTS 31 DECEMBER 2023 15 | IFUND BALANCES AND RECONCIUATION OF FUNDS | Fund BALANCE INCOME EXPEND TRANSFER | BALANCE AT AT ART END UNRESTRIcfED FUNDS General account 23,9791 108,592 (117,416) 5,465 20,620 | | 23979 108,5921 117,416) 20,620 RESTRICTED FUNDS 1 1united Appeal l Ukraine .Amounts received for others PSNI Buckna LOL RBP , Mi551onary ',Choir l Building Gir15 Brigade i lsunday School Junior Christian Endeavour Maintenance & Repair 902 1,233 6,274 (6,000) {232) (1,233) | 944 168 (139) 170 (140) 238 (196) 25,709 | 1 {23,588)1 29 31 42 8,954 264 359,154 6,134 1,492 445 35,648 737 2,298 449 2,571 5,173 1,134,913 6,833 | 2631 | | 1,200,699 4,249 | 1,975 | | 229 | 39,258 1,012 | 1,920 514 1,907 3,680 95,3361 170,490 7,689 698 759 33,424 4,336 2,934 185 | 7,632 6,502 (1,012,036) (5,804)1 (1,181) (5,478) (4,611) (2,556) (250) (6,968) (5,009) (31,556) I |vIBE Youth Club Bowling aub | Ipw Boys Brig3de Building No 5 1,039,592 11,360,010 | 1 267,2101 1 (62,478)1 {5,465)', 1,559,277 |TOTAL FUNDS | 1,383,9891 375,802 | 1 (179,894) 1,579,897 21
Presbyter an NOTES TO THE AccOUPs 31 DECEMBER 2023 16 RELATED PARTY TRANSAcfIoN One of the Trustees, the minister of the congregation reiVed remuneration of £38,168 and wenses of £8807 for adng In the capacity. Pension contributions of £9,160 were pald by the congregatlon In resFect of the mlnister to the psbYterIan Church In Ireland Penslon Scheme (2009). None of the other trustees received any remunerntlon. During the year the congregation contributed the following amounts to Fund5 of the General AmblY of the Presbyterlan Church In Ireland a separate charity £8,985 for congregational assessments £6,000 towards the United Appeal The congregation contributed £391 towards Presbytery Assessments during the year. There were no other related paty transactions.