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 PRESB￿ERlAN 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 ChU￿h 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 durI￿the 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
2￿70.1￿0
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 pRES￿ERlAN 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 allowan￿5 and expenses being pald by the church.
16