an FIRST PORTGLENONE CONGREGATION OF THE PRESBYTERIAII CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY For the year ended 31 December 2022 Note Unrestricted Funds Restrirted Funds Totsl Funds 2022 Total Funds 2021 Income artd Endowments from: Donations and legacies Charltable activities oiher tradin8 acrlvlries Investments Other Total 163.349 1,035 263 470 17,466 182 583 116.866 9.700 280.215 10,735 263 698 17,466 309,377 277.082 3,313 177 580 24.550 305.702 228 126.794 Expendlture on: Ralslng fLtnds Charitable actlvltles Other Totsl Net Incornellexpendlturel Transfers between funds Net movement In funds 1697) 1140,607) 11,285) 1142.5891 39.994 6,320 33.674 1697} 1223,046) 138,657) 1262.4001 46.977 {1,0651 1186,6691 138,247 1225,9811 79.721 (82.4391 137,372) 1119.8111 6,983 6,320 13.303 46,977 79,721 Reconclllatlon of funds.. Total funds brought forward Totsl funds carrled forward 352,630 386.304 221.298 234,601 573,928 620,905 494,207 573,928
an FIRST PORTGLENONE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREiAND BALANCE SHEET As at 31 Decembèr 2022 Note Unrestricted Fund5 Restylcted Funds Total Funds 2022 Total Funds 2021 Flxed Assets TanElble assets Total flxed assets 12 238,602 238A02 429,443 429W13 668,045 668,045 703,954 703,954 Current Assets Current investments Debtors Cash at bank and In hand Total ¢urrent assets 13 14 Is 590 5.332 113,644 119.566 590 12.394 25S,724 268.708 590 10,173 210,320 221.083 7,062 142.080 149,142 Current Llabllltles Creditors.. amounts falllng due wlthln one year 16 (1,4401 {42,852) 144.2921 137,9951 Net Current Assets 147.702 76.714 224A16 183,088 Total Assets less Llabllltles 506,157 892N61 887,042 Credltors.. amounts falling due after more than one year 17 1271,5561 {271,556) 1313,1141 Net Asset$ 386,304 234.601 620,90S 573,928 Funds of the ¢harlty Unrestricted Funds Restrlcted Funds Total funds of ihe charity 18 18 386,304 386,304 234,601 620,905 352,630 221,298 573,928 234,601 234,601 386304 Approved by the Kirk Session at a fretIng on 23 March 2023 and slgned on Its behalf by Albert Baxter Trustee Trustee
Presbyter an FIRsf PORTGIENONE CONGREGATION OF THE PREsB£R1AN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 Accounting policies BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with applicable accounting stsndards. While compliance wlth Statement of Recommended Practlce Accountlng and Reporting by Charlties IFRS102) Is not mandatory account of the guidance contalned therein has been taken in the preparation of these accounts. The financial statements have been prepared under the historical cost convention except for investment assets, which a shown at market value. The financial statements include all tfansactlons. assets and liabilities for whlch the congregatlon Is responslble In law. Thèy do not include the accounts of church groups that owe thèir affiliation to another body, nor those that a Informal gatherlngs of church members. FUND ACCOUNTING Endowment funds are funds, the capital of whlch must be retalned either permanently or èt the congregation's discretion; the income derived from the endowment is to be used either as restricted or unrestrlcted Income funds dependlng upon the purpose for whlch the endowment was establlshed In the flrst place. Restilcted funds comprlse (al Income from endowments whlch Is to be expended only on the restricted purposes intended by the donor and Ibl revenue donatlons or grants for a speclflc congregatlonal activity intended by the donor. Where these funds have unspent batart$, interest on thelr pooled investment is apwrtioned to the Indlvldual fund5 on an average basls. Unrestrlcted funds are income funds which are to be spent on the congregation's general purposes, Deslgnated fund5 are general funds set aside by the congregation for use In the futu. DONATIONS A14D LEGACIES Unreslrlrted Funds Re$trlrted Funds Total Funds 2022 Total Funds 2021 Recorded 8lvln8 Loose collections Donations and gifts Gift Aid 13S.437 3,185 191 24,536 163,349 92,419 5.336 1,157 17,954 116.866 227,856 ,S21 1,348 42,490 280.215 227,749 2,927 5,160 41.246 277,082 CHARITABLE ACTIVITIES Vnrestrlrted Fund5 Restrlrted Fund5 Totsl Funds 2022 Total Funds 2021 ncome from charitable activities Grants 1,035 2.300 7,400 9.700 3,335 7,400 10,735 1,594 1.719 3,313 1.035 io
an FIRST PORTGL.ENONE CONGREGATION OF THE PRES8YTERIAN CHURCH IN IRELAND NOTES TO THE ACCOLINTS Iconvd) OTHER TRADING ACTIVITIES Unrestrirted Funds Restrlrted Funds Total Funds 2022 Total Funds 2021 Trading Income Lettlng of premises 177 263 263 263 263 177 INVESTMENTS Unrestrl¢ted Funds Restrlrted Funds Total Funds 2022 Total Funds 2021 Interest received 470 228 698 580 470 228 698 580 OTHER INCOME Unrestricted Funds Restrfcted Funds Total Funds 2022 Total Funds 2021 Rent recelved from Investment propertles Insurance clalm and donatlons re Church Spire SMP Recoverable l JRS Grant 15,600 15,600 12,350 io,soo 1.866 17,466 1066 17.466 1,700 24.550 RAISING FUNDS Unrestrlrted Fund5 Re5trlrted Funds Total Funds 202Z Total Funds 2021 FWO envelopes 3 sixteen expendlture 697 697 713 352 1,065 697 697 CHARITABLE ACTIVITES Unrestrirted Funds Restrkted Funds Total Funds 2022 Total Funds 2021 General A55embly A55essments Presbytery fees Ministry and 5LlPPOrt staff cost5 Congregational running expenses Donations to Missions and charities Governance costs 25.740 706 78.304 32.993 1,298 1,566 140,607 25,740 706 78,304 45.841 54,625 17.830 223.1)46 26,303 889 76,775 27,748 40,685 14,269 186.669 12.848 53,327 16.264 82,439 li
an FIRST PORTGLENONE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO ThE ACCOUNTS {ConVdl OThER EXPENDITURE Unrestricted Funds Aestrkted Funds Total Funds 2022 Total Ftjnds 2021 Trading expenditure Depreciation 600 36.772 37,372 600 38.057 38,657 405 37,842 38.247 1.285 1.285 10. EMPLOYEES Employment Costs 2022 2021 Wages and Salarles Soclal Security Costs Pension contrlbutlons 61,646 6,192 10,203 64.602 7,609 9.978 Number of emplayees The average number of employees durlng the year was: 2022 2021 Average number of employees 11. PENSION COSTS The mlnlster of the coneregatlon Is a member ot the p$bYterIafi Church in IrÈland Pension Sthème120091. This is a scheme operated by the Presbyterlan Church In Ireland. a separate reglstered charlty. The congregatlon pays an assessment to the Presbyterian Church in Ireland equivalent to the employerfs pension contribution for the Scherne and based on the stipend pald to the mlnlster. The Presbyterban Church In Ireland Pension Scheme120091 15 a funded Scheme of the defined benefit type, provlding def5ned benefits based on career average revalued salary. The Scheme has a55ets held in a separately administered fund managed by a board of Trustees. The Presbyterian Church and the kheme Trustees have aereed a fundlng plan to ensure the Scheme is sufficiently funded to meet current and future obllgation5. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contrlbutions of 24% of pensionable salaries to cover the accrual of benefit5 for future 5ervlce, expenses, the cost of insuring death in seThice benefits and hjnding the scheme deficft. The contrlbution5 made by the congregation during the year were. Total Fund5 20Z2 TDtsI Fund5 2021 Contributions 10,203 9,978 12
Presbyter an GKVRCM FIRST PORTGLENONE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREiAND NOTES TO THE Accouiiifs {ConVd) 12. TANGIBLE FIXED ASSETS Land and Church hall Church Manse Investment Propertles Flxture5 & Flttlngs Total Cost or Valuatlon As at l January2022 Additions Disposals As at 31 December 2022 2.870.000 1.337.606 501,000 230,000 54,104 4,992,710 2,148 2,148 270.000 1,337,606 501,000 230,000 56,252 4,994B58 Accumulated depreclatlon As at l January 2022 Released on disposal Charge for the year As at 31 Oecember 2022 2,850.IXKJ 1.131.871 260.520 46,365 4,288,756 26.752 1,158,623 10.020 270,540 1,285 38,057 47,650 4,326,813 2,850.000 Net book value As at 31 December 2022 20.0110 178,983 230A60 230,000 8,602 668,045 As at 31 December 2021 20.000 205,735 240,480 230.000 7,739 703,954 13. INVESTMENTS 2022 2021 Sabbath School Investment Account 590 590 590 590 14. DEBTORS 2022 2021 Glft Aid Recoverable Other debtors 10,528 1.866 12,394 10,173 10,173 13
an FIRST PORTGLENONE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOiINTS {ConVdl 15. CASH AT BANK AND IN HAND 202Z 2021 Main Account Repair Fund Mission Fund Sabbath School Account Mansefleld Account Glrls Brigade Account Boys Brl8ade Account Presbyterian Women Account Youth Fellowship Account Music Ministry Account Thursday Club Account Fellowship Hour Account Bowllng Club Account Youth Club Account The Net Account Men's Fellowshlp Account 3 Slxteen Account 146.932 81,963 6.163 2,576 111.151 68.885 11.624 2,885 568 6.976 1,107 1,236 1,418 455 606 651 8.474 1,499 1.506 1,390 725 672 724 1,601 494 1,604 498 446 207 210.320 Z55,724 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Other credltors Accruals Church Property Development Loan I Church Property Development Loan 2 247 1,440 17,905 18,403 37,995 IA40 21,131 21,721 44,292 17. CRÉDITORS: AMOUNTS FALLING OUE AFfÉR MORE THAN ONE YEAR 2022 2021 Church Property Development Loan I Church Property Development loall 2 133M75 137,681 271,556 154.362 158,752 313,114 18. FUND BALANCES Unrestrlcted Funds 202Z 2021 General fund 386304 386304 352,630 352.630 14
an FIRST PORTGLENONE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'dl Restrlcted Funds 20Z2 2021 Repalr & malntenance Mlsslon United Appeal Friendshlp Fund Sabbath School Mansefield Glrls Brigade Boys Brigadè Presbyterian Women Youth Fellowship Muslc Mlnlstry Thursday Club Fellowshlp Hour Men's Fellowship Youth Club The Net Bowlin8 Club 3 Slxteen 199,363 7.622 446 5.913 3,167 548 8,474 1,499 1.506 1.390 725 672 724 446 1,601 494 188,427 13.466 155 3,475 568 6,976 1,107 1,236 1,418 455 606 651 446 1,604 498 207 221,298. 234,601 Reconclllatlon of movement of funds Opening balance Income Empendlture Transfer C1051n8 balanc• Unrestrlrted Funds Maln Ftsnd 352.630 352.630 182.583 182,583 {142,5891 {142.5891 16,320) 16,3201 386,304 386,304 Restrlrted Funds Repalr & Malntenance Mission Ullited appeal Frlend5hip Fund Sabbath School Mansefleld Girls Brigade 8oys Brlgade Presbyterian Women Youth Fellowshlp Muslc Mlnlstry Thursday Club Fellowship Hour Men's Fellowship Youth Club The Net Bowling Club 3 Sixteen 188.427 13,466 155 64.249 34,759 6,789 5.413 735 153.3131 140,6031 {11.8271 199,363 7,622 446 5.913 3,167 548 8.474 1,499 1,506 1,390 725 672 724 446 1,601 494 5.329 500 3,475 568 6.976 1,107 1.236 1,418 455 606 651 446 1.604 498 11,0431 1201 15.3221 13,9351 13.W51 (301 (311 {51 1691 6.624 4.332 3.275 196 301 171 142 11001 {51 (4) 207 (599) 1119AIII 400 6,320 221298 126,794 234,601 Total 573.928 309.377 1262AOO) 620.905 15
an FIRST PORTGLENONE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Cont'd) 19. Related Party Transactions Rev Albert Baxter is a Trustee and received renumeratlon of £42.51212021: £41,576) and penslon contrlbutlons ot £lO.203 {2021.' £9.9781 through pci with £6,38212021: £6.2421 of allowances and expenses belng pald by the church. 16