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 fr￿etIng 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
2￿70.000
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