an FIIIST poifrGiENONE CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIALACTI Forthe year ended 31 December2023 Note Unrestrfrted Funds Restrfded Funds Total Funds 2023 Total Funds 2022 Income and Endowments Ifom: Donations and le8acles Charitable activitie5 Other tradin8 artNlties Investments Othèr Totsl 177.424 5.321 555 447 1.546 185,293 116.530 16.361 387 238 16,200 149,716 293,954 21,682 942 685 17.746 335.009 280,215 10,735 263 698 17.466 309,377 ExpendSturn on: RalsSn8 fund5 Charitable artlvltlès Other Total Net Incomellexpenditurel Transfers between funds Net movement In funds 17291 {145.5051 11,2851 1147,5191 37.774 89.9001 {52,1261 17291 1246,4971 138,0921 1285,3181 49,691 16971 1223,0461 138,6571 1262,4001 46,977 {ILiI.992) 136.8071 (137,7991 11.917 89,900 101,817 49,691 46,977 Reconciliation of funds.. Total fynds brought fon¥ard Total lunds carried forward 386304 334,178 234,601 336,418 620,905 670,596 573,928 620,90S
an FIRST PORTGLENONE CONGREGATION OF THE PRESBERlAN CHURCH IN IRELAND BALANCE SHEEr As at 31 December 2023 Note Unrestrfiled Funds Re5trlrted Funds Total Funds 20Z3 Total Funds 2022 Flxed Assets Tanglble assets Total ftxed assets 12 237,317 237,317 392,671 392,671 629,988 629,988 668.045 668.045 Current Assets Current investments Debtors Cash at bank and In hand Total curr•nt assets 13 14 15 595 8.S93 126,644 595 17,175 217,068 234,838 590 12,394 255.724 268,708 8,282 90.424 98,706 Current Llabllttiej CredltOls= amount5 falling due within one year 16 (1.8451 (32,0221 (33A67) 144,2921 Net Current Assets 96,861 104,110 200,971 224,416 Total Assets less LlabllEtlei 334,178 496,781 830,959 892,461 CreditOTS: amounts lalllng due after more than one year 17 1160,3631 (160,363) 1271,5561 Nrt Assets 334,178 336,418 670,596 620,905 Funds of the charlty Unrestrlcted Funds Restrlcted Funds Total funds of the charfty 18 18 J34,178 134,178 336,418 670,596 386,304 234,601 620,905 336A18 336,418 334.178 Approved by the Klrk Sesslon at a meeting on 18 Aprll 2024 and slgned on Fts behalf by Albert Baxtsr Andrew Mont8omery Trustee Trustee
an FIRsf PORTGLENONE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 A¢¢ountlng polldg$ BASIS OF FINANaAL STATEMENTS The flnanclal statements have been prepared In accordance with applicable xcountin8 Standards. While Compliance with staternent of Recommended Practice Accounting and Reporting by Chartties IFRS1021 is not mandatory account of the Buidan¢e contained therein has been tsken In the preparatlon of these accounts. The flnanclal statemerbt5 have been prepared under the hr5torical cost nventioN except for Invèstment assets, whlch are shown at market value. The financial statements Intlude all transactlons, assets and Ilabilities for which the congregation is responsible in law. They do not inclvde the a¢¢ounts of church groups that owe thelr afflllatlon to another body. nor those that are Informal gatherlngs of church members. FUND ACCOUNTING Endowment funds are fvnds, the capltal of whlch rnu5t be retalned elther permanently or at the congregation's dlscretion: the Income derlved from the endowment 15 to be used Èither as restrlcted or unrestrlcted Income funds depending upon the purpose for whlch the endowment was established in the first place. Restricted funds comprlse lal Income from endowments whi¢h is to be expended only on the restrlrted purposes Intended by the donor and Ibl revenue donations or grants for a speclfic con6ie8ational artivily intended by the donor. Where these funds have unspent balances. Interest on thelr pooled Investment Is apportioned to the indlvidual funds on an average basls. Unrestricted funds are Income funds whlch are to be spent on the congregation'5 general purposes. Deslgnated funds are general funds set aside by the con8re8atlon for use In ihe futurè. OONAYIONS AND LEGACIES Unrestrlcted Funds Re5trfded Fvnds Tot•1 Funds 2023 Total Funds 2022 Recorded glvlng Loose collertions Donatlons and glfts Gift Aid 149.264 2.058 502 25,600 177.424 97,546 1.051 427 17.506 116.530 246,810 3,109 929 43,106 293,954 227,856 8,521 1,348 42,490 280,215 CHARITABLE AcfiviTIES Unrestrlrt•d Funds Restrlrted Funds Total Funds 2023 Total Funds 2022 Income from ¢harltable actlvltles Gr3nt5 5,321 16,361 2L682 3.33S 7,400 10,735 5.321 16,361 21,682 10
an FIRsf PORTGIENONE CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Iconvdl OTHER TRAOING ACTIVITIES Unrestrlrted Funth Re$trlrted Funds Totsl Fund$ 2023 Total Funds 2022 Tradlng Income Letting of premise5 387 387 555 S55 263 555 387 942 263 INVESTMENTS unre5trIct Fund5 Total Funds 2023 Total Funds 2022 Fund5 Interesl recelved 447 238 685 698 447 238 685 698 6. OTHÉR INCOME Unr•stTlrted Funds Restrirted Funds Total Funds 2023 Total Funds 2022 Rent receNed from Investment propertles Other income SMP Recovorable l JRS Grant 15,600 15,600 15,600 600 1.546 1,866 17,466 16,200 17,746 RAISING FUNOS Unrestrf(¢ed Funds Restrlrted Funds Tol•l Fukids 2023 Total Funds 2022 FWO envelopes 3 sixteen expendlture 729 729 697 729 729 697 CHARITABLE AcnviTES Unrestrlcted Funds Restrkted Funds Totsl Fvnds 2023 Total Funds 2D22 General Assembly Assessments Presbytery fee5 Ministry and 5UPPOrt stsff costs cong£3t10rtal runnirt£ expenses Donations to Mlsslons and charitles Governance costs 16,936 766 84,322 41.5(VJ 16,936 766 84.32Z 76,382 47,414 20.677 246.497 15,537 706 88.507 45.841 54,625 17.830 ZZ3,046 34,873 45.606 20.513 100,992 164 145,S05 li
an FIRST PORTGLENONE CONGREGAIICIN OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS {ConVd) OTHER EXPENDITURE Unrestrfcted Funds Restrlcted Funds Total Funds 2023 Total Funds 2022 Trading expenditure Depreclatlon 35 36,772 36,807 35 38,057 38,092 600 38,057 38,657 1,285 1,285 10. EMPLOYEE5 Employment fosts 2023 2022 Wages and Salarles Soclal Securlty Costs Penslon contrlbutlon5 59,071 6,086 10,714 61.646 6,192 10,203 Number of employ•¢$ The average number of employee5 during the year was: 2023 2022 Average number of employees 11. PEN510N COST5 The minister of the con8regatlon Is a membef of the Presbyterian Churth in IrÈlarKI Pension Scheme120091. Thls Is scheme operated by the Presbyterian Church in Ireland. a separate registered charlty. The con8re8ation pays an assessment to the Presbyterian Church in Ireland equlvalent to the employerfs pension contributiun for the Scheme and sed on the stipend pald to the mlnlster. The Presbyterian Church in Ireland Pension Scheme120091 is a funded Scheme of the deflned benefit type* providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately admlnlstered fund managed by a board of Trustees. The Presbyterian Church and the Scheme Trustee5 have agreed a fundlng plan to ensure the Scheme Is sufficiently funded to meet current and futLtre obllgatlons. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian ChUh agreed to pay from 31 December 2015 contrlbutlons of 24% of penslonable Salaries to cover the accrual of benefits for future seNlce. expense5. the cost of insurin# death in service benefits and funding the scheme deh"cit. The contrlbutlons made by the cowegation durIthe year were: Total Fund5 2023 Total Fund5 Z022 Contribution5 10.714 10.203 12
an FIRST PORTGLENONE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Convd) 12. TANGIBLE FIXED ASSET5 Land and Church hall Church Investment Propertles Flxtures & F5tt1ngs Totsl Cost OT Valualton As at l January 2023 Addition5 D5sposals As at 31 December 2023 270.10 1,337,6 50LOOO 230,000 56.252 4,994,858 0.000 1,3a7.606 SOLOOO 230000 56,252 4,994,858 Accumulated depre¢latlon As at l January 2023 Released on disposal Char8e for the year As at 31 December 2023 2.850.000 1.158.623 270.540 47.650 4,326,813 26.752 1,185,375 10,020 280,560 1.285 38,057 48,935 4,364,870 2,8SO.000 Net book v•lue As at 31 De¢ember 2023 20.000 152,231 220,440 230,000 7,317 629.988 668,04S As 3t 31 December 2022 20.000 178.983 230,460 230,¢J)O 8,602 13. INVESTMENTS 2OZ3 2022 Sabbath School Investment Account 595 595 590 590 14. OEBTORS 2023 2022 Glft Ald Recoverablè Other debtors 17,175 10,528 1.866 12.394 17,175 13
an FIRST PORTGLENONE CONGREGATION OFTHE pRESERlAN CHURCH IN IREiAND NOTES TO THE Accourirs Iccnvdl 15. CASH AT BANK AND IN HAND 2023 2022 Main Account Repair Fund Mission Fund Sabbath School Account Mansefield Account G5rls Brigade Account Boys Brigade A¢¢ount Presbyterian Women Account Youth Fellowship Account Music Mlnlstry Account Thursday Club Account Fellowshlp Hour Account Bowllng Club Account Youth Club Account The Net Account Men's Fellowship Account 3 Slxteen Account Frlendshlp Ac¢ount 91,025 92.457 5,093 471 146,932 81,963 6,163 2,576 S48 8.474 1,499 I,S06 1.390 725 672 724 9.121 2,493 1097 771 696 764 L966 1,595 1,601 494 446 360 7.670 217,068 2SS.724 16. CREDITORS: AMOUNTS FALLING IXIE WITHIN ONE YEAR 2023 2022 Other ¢redltors Accrua15 Church Property Development Loan I Chur¢h Property Development Loan 2 405 IA40 15,781 16,241 33,867 1,440 21,131 21,721 44.292 17. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2023 2022 Church Property Oeveloprnent Loan I Church Property Developfnerrt Loan 2 78,442 81,921 160,363 133.875 137,6BI 271.556 18. FUND BALANCES Unrestrlrted Funds 2023 2022 General fund 334,178 334,178 386,304 386.304 14
an FIRST PORTGLENONE CONGREGATION OFTHE PRESBYtERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Convd) Restrlrted Funds 2023 2022 Repair & malntenancè Mission United Appeal Friendshlp Fund Sabbath School Mansefield Glrls Brigade Boys 8rig3de Presbyterian Women Youth Fellowshlp Music MinSstry Thursday Club Fellowship Hour Men's Fellowshlp Youth Club The Net 8owlin8 Club 3 Slxteen 298.264 7,163 635 7,688 LO56 S48 9.121 2.493 2.097 771 696 764 1.966 701 1.595 487 199,363 7,622 446 5,913 3.167 548 8.474 1.499 I.S06 1.390 725 672 724 446 1,601 494 360 336A18 234,601 Reconclll•tlon of movtmtnt olfunds Openin8 balance Imome Expendltuie TT4n5fer Closlni balance Unrestricted Funds Main Fund 386.304 386,304 185,293 185,293 1147,5191 1147,5191 189,9001 189,9001 334,178 334,178 Restrlrted Funds Repalr & Malntenan¢e Mlsslon United appeal Frlendship Fund Sabbath School Mansefield Girls Brl8ade Boys Brigade Presbyterian Women Youth Fellowshlp Muslc MSnlstry Thursday Club Fellowship Hour Men's Fellowshlp Youth Club The Net Bowling Club 3 Slxteen 199.363 7,622 446 S,913 3,167 79,877 33,000 13.695 170.9771 133,4591 113,S061 13.6341 12.3311 90.000 298.263 7,163 635 7,688 1.066 548 9,121 2.493 2.097 771 696 765 1,967 701 1.594 487 230 8,474 1.499 I.S06 1,390 725 672 724 446 1.601 494 4,532 4,041 4.978 13.8851 13,0471 14,3871 16201 1301 181 15091 11.3551 (81 181 201 1.752 1.610 IicK)I 387 149.716 (351 1137.7991 360 336AI8 234,601 89.900 Total 620,905 33S,009 (2853181 670,596 15
an FIRST PORTGLENONE CONGREGAT1014 OF THE PRESBYfERIAN CHURCH IN IRELAND NOT£S TO THE ACCOUNTS (Cont'd> 19. Related PartyTrinsactlons RevAlbeit Baxter is a Trustee and received renumeratlon of £44.63712022,' £42,512} and penslon contrlbutions of £10.714 12022: £10,203) through PCI with £6.70112022: £6,3821 of allowan5 and expenses being pald by the church. 16