CHARITY REGISTRATION NUMBER: NIC105433 First Carrickfergus Presbyterian Church Unaudited Financial Statements 31 December 2022 AUBREY CAMPBELL & COMPANY Chartered accountants 631 Lisburn Road Belfast BT9 7GT
First Carrickfergus Presbyterian Church Flnancial Statements Year ended 31 December 2022 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements 11 The followlng pages do not form part of the financial slatements Detailed statement of financial activities 19 Notes to the detailed statement of financial activities 21
First Carrickfergus Presbyterian Church Trustees. Annual Report Year ended 31 December 2022 The trustees present Iheir report and the unaudited financial statements of the charity for the year ended 31 December 2022. Reference and administrative details Reglstered charlty name First Carrickfergus Presbyterian Church Charlty registration number NIC105433 Princlpal office North Street Carrickfergus BT38 7AE The trustees Mr T Hogg Mr R Leeman Mrs C Carson Mrs P Forsythe Mr S Dohety Mr L Davison Mr T Galway Mr R Penney MrGHart Mr P Mann Mr T Norris Mr T McFadden Ms F Smylh Mrs S Primrose Mr N Anderson Rev Dr C Grant (Died in the LORD. S Febwary 20221 Independent examlner John Magee- Aubrey Campbell & Co 631 Lisburn Road Belfast BT9 7GT
First Carrickfergus Presbyterian Church Trustees. Annual Report (conNnued) Year ended 31 December 2022 Structure. governance and management First Carrickfergus Presbyterian Church, North Street, has strong relationships within the local community and has a large and active congregation, which forms part of the wider Presbyterian Church in Ireland. Weekly services, groups and meetings are held at the Church buildings on North Street, Carrickfergus, and many ongoing projects and events are organised. The Church is a charty in its own right, working locally and internationally to spread the good news of God's love and the great desire lo be reunited with him. We have a Board ol Trustees, with a traditional struclure of elected office-bearers (Chairman, Vice Chairman, Secretary and Treasurer). Statutory compliance and administration are overseen by the Treasurer, although all Trustees are aware of their responsibility to act collectively to ensure the proper administration of the church. The Trustees understand their role in safeguarding the assets and resources of the church to ensure that they are used solely in the furtherance of the objectives of the church. The Trustees further understand the importance of acting in the best interests of the charity and avoiding conflicts between it and their personal interests. Publlc Benefil Statement The Trustees confirm that they have had due regard for the guidance produced on public benefit by the Charity Commission for Northem Ireland and are pleased to report that during the period the charitable company has continued to provide public benefits through Ihe programmes and services we offer. Objectives and actlvltles Our vision is to become a loving. accepting fellowship of believers who passionately worship God and reach out to the community in a relevant way. We exist to bring glory to God and to see everyone become faithful followers of Jesus Christ. Achievements and performance The Church made external donations in 2022 of £27,874 (2021: £24,629) to worthy causes and projects during this tinancial period. Financial review During 2022. the Church has experienced a decrease in income of 2 % and an increase in expenditure of 90/0 in comparison to 2021. This has led to a deficit for 2022 of £11,760 {2021: Deficit £1,629).
First Carrickfergus Presbyterian Church Trustees, Annual Report (conttnued) Year ended 31 December 2022 Klrk Sesslon Report 2023 As a Kirk Session we are grateful to God for another year of witness and worship in the centre of Carrickfergus. We give thanks for the devotion and spiritual commitment of our congregation and for the willingness of so many to give of their time, resources, and energy to building up our fellowship together and our witness to others. We also pray for our minister, Cecil. as he brings God's Word to us, not only when we are together for worship but also individually and personalSy through Ihe pastoral support that is given. Session wishes to acknowledge the gifts and talents of all who participale in the Music Ministry Team. as well as those who work behind-the-scenes on sound and screens. without whose support the worship of the whole congregation would be affected. Likewise, the live streaming of our seNices continues to provide a valued link for many people, including those who are unable to attend church Ihrough illness or age, or who have links to the congregation and for whom online services are a vital way of keeping in touch. March 2023 is also the 20th anniversary of our Musical Director, Mrs Anita Hogg, taking up her post. As a congregation, we are constantly blessed by the leadership, enthusiasm, and deep spiritual commitment which Anita gives to her role, and we give thanks for the way in which she nurtures and develops the gifts of all in the Music Ministry Team. Rachael and Sonya continue to carry out their work in Youth and Children's Ministry and Women's and Families Ministry respectively. They work across a broad spectrum of areas and needs, so we are grateful for their willingness to adapt and adjust to the opportunities that arise. In this regard. Session have initiated a survey of our Youth Ministry, looking at the challenges that we face and trying to articulate a vision for how we might move fOard effective5y to engage with the young people in our town and congregation. Elections were held in the autumn of 2022 for the appoirrtment of a new Congregational Committee. We are very thankful for all those who served on the previous Committee, and we are grateful for those who have been elected and have agreed to see on Ihe new Committee. The past year has brought to light difficulties with our heating and with the general state of our meeting house. We are deeply grateful for the expertise and time given by Mr Alan Forsyihe to address so many of the heating problems, but we also know that there will be important structural and maintenance questions that will need to be faced in the coming rnonths. Rosalind, our Church Administrator continues to be a tower of strength and fount of knowledge in the office. We thank Rosalind for her diligence in carrying out the tasks she CaleS week on week, and for the pleasant manner wff(h which she greets every caller and handles every query. We thank all the leaders and helpers in our church organisations for their dedication and ongoing commitment. For all that God has done. and for all that lies ahead we give thanks and place our trust in his good purposes: "May the God of hope fill you with all joy and peace as you trust in him, so that you may overflow with hope by the power of the Holy Spirit.. Romans 15:13 Terry Hogg Clerk of Session
First Carrickfergus Presbyterian Church Trustees. Annual Report (confinued) Year ended 31 December 2022 The trustees, annual report was approved on 13 rfM1 ..Zg23. and signed on behalf of the board of trustees by: Mr T Hogg Trust Mr R Leeman Trustee Alli Mrs C Carson Trustee Mrs P Forsythe Trustee Mr S Doherty Trustee Mr L Davison Trustee Mr T Galway Trustee Mr R Penney Trustee MrGHart Trustee Mr P Mann Tru tee Mr T Norris Trustee Mr Tr McFadden Mrs S Primrose Trustee Mr N Anderson Trustee
First Carrickfergus Presbyterian Church Trustees. Annual Report {contlnued) Year ended 31 December 2022 Rev Dr C Grant Trustee
First Carrickfergus Presbyterian Church Independent Examiner's Report to the Trustees of First Carrickfergus Presbyterian Church Year ended 31 December 2022 I report on the financial statements lor the year ended 31 December 2022. which comprise the statement of financial activities. stalement of financial position and the related notes. Respective responsibilities ot trustees and examiner As the charity's trustees you are responsible for Ihe preparation ol the accounts in accordance with the Charities Act (Northern Ireland) 2008.11 is my responsibility to: examine the accounts under section 65 of the Charities Act: to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(bl of the Charities Act- and to slate whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with Ihe general Directions given by the Charity Commission for Northern Ireland under section 65191{b} of the Charities Act. The examination included a review of the accounting records kept by the charily and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanalions from the trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting record5 were not kepl in accordance with section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further informalion needed for a proper understanding of the accounls to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters11) to (41 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to your attention. ohn bre gee- ell&Co aminer 631 Lisburn Road Belfast BT9 7GT
First Carrickfergus Presbyterian Church Statement of Financial Activities Year ended 31 December 2022 2022 Restricted funds Tolal lunds Total funds 2021 Unrestricted funds Note Income and endowments Donations and legacias Charitable activities Investment income 154,696 3,966 352 82,453 18,646 237,149 22,612 360 241,318 6.902 244 Total income 159,014 101,107 260,121 248,464 Expenditure Expenditure on raising funds: Costs of raising donations and legacies Total expenditure 194.317 77.563 271,881 271.881 250,093 194,317 77.563 250,093 Net expenditure and net movement In tunds (35.303) 23.544 (11,760) (1.629) Reconciliation of funds Total funds brought forward Totsl funds carried forward (12.506) (47,809) 452,460 439,954 428,195 441,584 476,004 439,954 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conlinuing activities. The noles on pages 11 to 17 form part of these linancial statements.
First Carrickfergus Presbyterian Church Statement of Financial Position (continued) 31 December 2022 2022 2021 Note Current assets Debtors Cash at bank and in hand 12 432,160 443,224 432.161 443,225 Creditors: amounts falling due within one year Net current assets 13 3,967 3,270 428,194 428,194 439,955 Total assets less current liabilitles 439,955 Net assets 428,194 439,955 Funds of the charity Restricted funds Unrestricted funds 476,004 (47,809) 428.195 452,460 (12.506) 439,954 Total charity funds 15 These financial statements were approved by the board of trustees and authorised for issue on gsfflo1..'Lg.L3., and are signed on behalf of the board by- Mr T Hogg Tru tee Mr R Leeman Trustee Mrs C Carson Trustee Mrs P Forsythe Trustee Mr S Dohety Tru ee Mr L Davison Trustee Mr T Galway Trustee Mr R Penney Trustee 4JJJ The statement of financial pos. ion continues on the following page. The notes on pages 11 to 17 fomi part ot these financial statsmenls.
First Carrickfergus Presbyterian Church Statement of Financial Position (contlnued) 31 December 2022 Mr P Mann Trustee MrGHart Trustee Mr T Norris Trustee Mr T McFadden Tr tee Mrs S Primrose Trustee Mr N Anderson Truste The statement of financial position continues on the following page. The notes on pages 11 to 17 form part ot these flnanclal slatèments.
First Carricktergus Presbyterian Church Statement of Financial Position (¢onrfnued) 31 December 2022 Rev Dr C Grant Trustee The notes on pages 11 to 17 form part of these tlnancial slalements. 10
First Carrickfergus Presbyterian Church Notes to the Financial Statements Year ended 31 December 2022 General information The charity is a public benefit entity and a registered charity in Northem Ireland and is unincorporated. The address of the principal office is North Street, Carrickfergus. BT38 7AE. Slatement of compllance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland {FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modifled by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entty. Golng concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimalion uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Church. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. 11
First Carrickfergus Presbyterian Church Notes to the Financial Statements (conNnuodJ Year ended 31 December 2022 Accounting policles Iconllnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefils associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlernent lo the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent. in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Church expenditure comprises those costs incurred by the church in the delivery of its activities and services for its beneficiaries. It includes bolh costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to Ihem and the grants will be received. Where the grarrt does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future perlormance-related conditions on the recipient, it is recognised in income only when the performance-related condttions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. Financlal instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. 12
First Carrickfergus Presbyterian Church Notes to the Financial Statements (contlnued) Year ended 31 December 2022 Accounling policies (conllnuedj Flnancial instrumenls (conllnued) Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otheise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Olher financial instruments, including derivatives. are initially recognised at fair value. unless payment for an asset is deferred beyond normal business terms or financed at a rale ol interest that is not a market rate, in which case the asset is measured at the present value of the future paymenls discounted at a market rale of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for obsective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance. and other financial assels that are individually significant. these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognlsed. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2022 Donations Bequest Donations UnFted Appeal United Appeal Gift Aid Building & Maintenance congregation contribution Gift Aid on Building & Maintenance congregation contribution Outreach donations Gift Aid on Outreach donations Freewill Offering 6,941 37,516 225 3.852 13,266 2,518 17,808 7,166 41,368 13,266 2,518 17,808 3,736 24.310 5,340 3,736 24,310 5,340 110,239 110.239 Grants Grant Income Government grant income 6,985 6.985 13
First Carrickfergus Presbyterian Church Notes to the Financial Statements {conHnued) Year ended 31 December 2022 Donations and legacies {contlnuedJ Unrestricted Funds Restricted Total Funds Funds 2022 Sponsorship Membership Income 4,413 4,413 237,149 154,696 82.453 Unrestricted Funds Restricted Total Funds Funds 2021 Donatlons Bequest Donations United Appeal United Appeal Gift Aid Building & Maintenance congregation contribution Gift Aid on Building & Maintenance congregation contribution Outreach donations Gift Aid on Outreach donations Freewill Offering 1,049 27,380 106 11,108 13,785 2,910 19,674 1,155 38.488 13,785 2,910 19,674 4,511 28,649 6,817 4,511 28,649 6,817 109,450 109,450 Grants Grant Income Govemment grant income 8,940 8.940 2.692 2,692 Sponsorship Membership Income 4,247 4,247 140,571 100.747 241,318 Charitable aclivltles Unrestricted Funds Restricted Tolal Funds Funds 2022 Evenl income Rental income 1.557 2,409 18.646 20,203 2,409 3,966 18,646 22.612 Unrestricted Funds Restricted Total Funds Funds 2021 Event income Rental income 5,505 5,582 1.320 1,320 1,397 5,505 6,902 14
First Carrickfergus Presbyterian Church Notes to the Financlal Statements fcontinuedj Year ended 31 December 2022 Investment Income Unrestricted Funds Restricted Total Funds Funds 2022 Bank interest receivable 352 360 Unrestricted Funds Restricted Total Funds Funds 2021 Bank interest receivable 235 244 Costs of ralslng donations and legacles Unrestricted Funds Restricted Total Funds Funds 2022 Costs of raising donations and legacies - Donations 194,317 77,563 271,881 Unrestricted Funds Restricted Total Funds Funds 2021 Costs of raising donations and legacies - Donations 175.547 74,547 250,093 Independenl examination fees 2022 2021 Fees payable to the independent examiner for: Independent examination of the financial statements 3,270 3,270 staff costs The average head count of employees during the year was 5 (2021: 5). No employee received employee benefits of more than £60,000 during the year (2021 . Nil). 10. Trustee remuneration and expenses No trustees received remuneration or expenses during Ihe current or prior periods. 11. Transfers between funds Funds are routinely transferred by affiliated church groups to cover the costs of using the church's facilities, resources and staff. 12. Debtors 2022 2021 Other debtors 15
First Carrickfergus Presbyterian Church Notes to the Financial Statements Icontlnued) Year ended 31 December 2022 13. Creditors: amounts falling due within one year 2022 2021 Accruals and deferred income 3,967 3,270 14. Government grants The amounts recognised in the financial statements for government grants are as follows: 2022 2021 Recognised in income from donations and legacies: Government grants income 2.692 15. Analysis of charitable funds Unreslricted funds At 31 December 2022 Al 1 January 2022 Income Expenditure Transfers General funds (12.506) 159,014 (194,317) (47,809) Al 1 January 2021 At 31 DecernbeT 2021 Income Expenditure Translers General funds (4,573) 142.203 (175.547) 25,411 (12,506) Restricted funds Al 31 December 2022 At 1 January 2022 Income Expen(lilure Transfers Restricted Fund - North Street Presbyterian 452,460 101,107 (77,563) 476,004 At 1 January 2021 At 31 December 2021 Income Expenditure Transfers Restricted Fund - North Street Presbyterian 446,157 106,261 {74,547) (25,411) 452,460 16
First Carrickfergus Presbyterian Church Notes to the Flnancial Statements [ntInUed) Year ended 31 December 2022 16. Analysls of net assets belween funds Unrestricted Funds Restricled Total Funds Funds 2022 Current assets Greditors less than 1 year Net assets {16,848) 13,967) (20,815) 449.009 432,161 (3,967) 428,194 449,009 Unrestricted Funds Restricted Total Funds Funds 2021 Current assets Creditors less than 1 year Nel assets (12,740) (3.270) (16,010) 455,965 443,225 (3,270) 439.955 455.965 17. Flnancial instruments For financial instruments measured at fair value, the basis for determining fair value must be disclosed. When a valuation technique is used, the assumptions applied in determining fair value for each class of financial assets or financial liabilities must be disclosed. If a reliable measure of fair value is no longer available for ordinary or preference shares measured at fair value through profit or loss, this must also be disclosed. 18. Related parties North Street First Carrickfergus Presbyterian Church is a member of Carrickfergus Presbytery who in turn is a member of The Presbylerian Church of Ireland. During the 2022 financial year Presbytery fees amounting to £87,61912021: £89,906) were paid to The Presbyterian Church of Ireland by the Church. The total giving by session members over all four main accounts during the 2022 financial year was £31.482 (2021 . £33.295). 17
First Carrickfergus Presbyterian Church Management Information Year ended 31 December 2022 The followlng pages do nol form part ot the Ilnanclal statements. 18
First Carrickfergus Presbyterian Church Detailed Statement of Financial Activities Year ended 31 December 2022 2022 2021 Income and endowments Donations and legacies Bequest Donations United Appeal United Appeal Gift Aid Building & Maintenance congregation contribution Gift Aid on Building & Maintenance congregation contribution Outreach donations Gift Aid on Outreach donations Freewill Offering Grant Income Government grant income Membership Income 7,166 41,368 13,266 2,518 17,808 3,736 24,310 5,340 110,239 6,985 1.155 38,488 13,785 2.910 19,674 4,511 28,649 6.817 109,450 8,940 2,692 4,247 4,413 237.149 241,318 Charitable actlvltles Event income Rental income 20,203 2,409 22,612 5,582 1,320 6,902 Investment income Bank interest receivable 360 244 Total income 260,121 248.464 19
First Carrickfergus Presbyterian Church Detailed Statement of Financial Activities (¢onNnuedJ Year ended 31 December 2022 2022 2021 Expendlture Cosls of ralsing donations and legacles Purchases Wages and salaries Other post-retirement benefits Rates and water Light and heat Repairs and maintenance Insurance Motor vehicle expenses Vehicle leasinglhire Other motorltravel costs Legal and professional fees Telephone Other off ice costs Donations (generating income costs) - Subscriptions Donations (generating income costs) - Presbytery Fees Donations (generating income costs) - Catering Costs Donations (generating income costs) - Activity expenses Donations (generating incorne costs) - Prizes & Gifts Donations (generating income costs) - Arts & Craft Expenses Donations (generating income costs) - United Appeal Donalions Donations (generating income costs) - Missionary Donations Donations (generating income costs) - Giftaid & Bequest transfers from No 1 account Donations (generating income costs) - Sundry Donalions 4,104 47,517 427 804 9,070 28,542 5,075 5,315 1,T14 350 553 1,734 7,154 3,185 87,619 2,310 25,910 18,798 5,990 56,528 536 755 6.076 21,449 4,598 3,990 764 905 994 946 7,498 1,428 89,906 53 13,384 11.820 690 16,692 2,645 16,324 2,750 831 1,467 271,881 1,068 1.378 250,093 Total expenditure 271,881 250,093 Nel expenditure {11,760) (1.629) 20
First Carrickfergus Presbyterian Church Notes to the Detailed Statement of Financial Activities Year ended 31 December 2022 2022 2021 Cosls of raising donations and legacles Costs of ralslng donalions and legacles- Donallons Donalions - purchases Donations - wages and salaries Donations (generating income costs) - employee expenses Donations - rates & water Donalions - light & heat Donations - repairs & maintenance Donations - insurance Donations (generating income costs) - Accountancy fees Donations (generating income costs) - Advertising Donations (generating income costs) - Training Donations (generating incorne costs) - Bank Charges Donations - telephone Donalions - other office costs Donations (generating income costs) - Subscriptions Donations (generating income costs) - Presbytery Fees Donations (generating income costs) - Catering Costs Donations (generating income costs) - Activity expenses Donations (generating income costs) - Prizes & Gifts Donations (generating income costs) - Arts & Craft Expenses Donations (generating income costs) - United Appeal Donations Donations (generating income costs) - Missionary Donations Donations (generating income costs) - Giftaid & Bequest transfers from No 1 account Donations (generating income costs) - Sundry Donations 4,104 47,517 427 804 9,070 28,542 5,075 5,315 1,774 350 553 1,734 7.154 3,185 87,619 2,310 25,910 18,798 268 16.324 2.750 5,990 56,528 536 755 6,076 21,449 4.598 3,990 764 905 994 946 7,498 1,428 89,906 53 13.384 11,820 690 16,692 2,645 831 1,467 1.068 1.378 271,881 250,093 Costs of raising donations and legacies 271,881 250,093 21