CHARITY REGISTRATION NUMBER: NIC105433 First Carrickfergus Congregation of the Presbyterian Church in Ireland Unaudited Financial Statements 31 December 2023 AUBREY CAMPBELL & COMPANY Chartered accountants 631 Lisburn Road Belfast BT9 7GT
First Carrickfergus Congregation of the Presbyterian Church in Ireland Financial Statements Year ended 31 December 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities 11 Statement of financial position 12 Notes to the financial statements 13 The following pages do not fonn part of the financial statements Detailed statement of financial activities 26 Notes to the detailed statement of financial activities 28
First Carrickfergus Congregation of the Presbyterian Church in Ireland Trustees, Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited financial ststements of the charityforthe yearended 31 December 2023. Reference and administrative details Charity Name First Carrickfergus Congregation of the Presbyterian Church in Ireland Other names used By the charity First Carrickfergus Presbyterian Church North Street, First Carrickfergus Presbyterian Church First Presbyterian Church, Carrickfergus First Carrickfergus First Carrick North Street Northem Ireland Charity Number NIC105433 Operational Address North Street Carrickfergus County Antrim BT38 7AE Members of the Board Of Trustees (Kirk Session) Rev Dr Cecil Grant (Teaching Elder) Mr Neil Anderson Mr W Terence Hogg Mrs Carol Carson Mr E Raymond Leeman Mr James L Davison Mr Peter Mann Mr William S Doherty Mr Thomas McFadden Mrs Pamela Forsythe Mr Trevor Norris Mr Thomas Galway Mr Robert Penney Mr Graham Hart Mrs Sharon Primrose Management Information Office Bearers Rev Drceal Grant..................MINISTER MrWTerence Hogg.................CLERK OF SESSION Mrs Leslie Oliver.....................SECRETARY OF CONGREGATIONAL COMMirrEE ..TREASURER Mr NeilAndèrson.............. Independent examiner John Magee FCA Aubrey Campbell & Co 631 Lisburn Road Belfast BT9 7GT Bankers Danske Bank Limited Donegall Square West Belfast BT16JS
First Carrickfergus Congregation of the Presbyterian Church in Ireland Trustees. Annual Report (contlnued) Year ended 31 December 2023 The purpose and objectlves of North Street, First Carrickfergus Presbyterlan Church 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. Our ultimate purpose is to put into practice those features of a Chrislian church identified in the Bible and showing God's love, care and compassion to all with whom we come in contact. Formally, our purpose is summarised in The Code", The Book of the Constitution and Govemment of the Presbyterian Church in Ireland as follows: '3. (1) The visible Church consists of all those throughout the world who profess to believe on the Lord Jesus Christ for salvation and to live obedient to God s Word, together with their children. (2) The visible Church was established by the Lord Jesus Christ for the glory of the Father and the advancement of His Kingdom in the wortd. These great pUoseS are lo be accomplished by the proclamation of the Gospel, by witness-bearing to the tnith as it is in Jesus Christ and by the promotion of Christian fellowship and mutual edification among all believers., It is challenging due to the nature of our purpose, and with the necessary attention to personal privacy, to articulate performance and achievements in ways Comparable to other enterprises. Later in this report, we have attempted to represent perfomance and achievement by the general descriptive measure of the public benefit services and activities provided, the extent of volunteer participation and the level of attendance and participation by members and the wider public. Governance and Management Structure The Board of Trustee5 of North Street First Carrickfergus Presbyterian Church is referred to In the Presbyierian Church context as the Kirk Session which is made up of the ordained minister and the Ruling Elders. Ruling Elders are elected by congregational vote based on a list prepared by the Session of persons nominated by the congregation. The present Elders, and past Elders who served during the reporting year, are listed above. The Kirk Session is chaired (moderated) by a Teaching Elder who is normally the Ordained Minister called to the Church. Under the Presbyterian Church in Ireland (PCI) fomi of governance the corporate oversight of North Street First Carrickfergus Presbyterian Church is the responsibility of the Carrickfergus Presbytery which superintends the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of PCI. The Presbytery consists of the active ministers of congregations within the Presbytery, retired ministers, one elder appointed by the Kirk Session of each congregation and other individuals allowed by The Code of PCI. Whilst the ultimate guide for North Street, First Carrickfergus Presbyterian Church is the Bible, The Code (or Constitution Document) of the PCI (latest amendment in 2023), forms the governance document through which we seek to meet our obligations to church members, the public and our statutory obligations and good practice aspirations under the Charities and other legislation. At North Street, First Carrickfergus Presbyterian Church, a Clerk of Session is elected from amongst the elders. The Kirk Session meets at least six times each year. Several Kirk Session Members have been allocated responsibilities for oversight of programmes of work and church organisations and each reports, and submiis proposals, to Kirk Session on a regular basis. Whilst the Kirk Session has overall responsibility for the governance of the church, selected tasks are delegated to the Congregational Committee (CC). The day-toaY management of the church and its activities is delegated to the Staff Ministry Team. To facilitate communication and consistent decision making, all members of Kirk Session are ex-officio members of the CC, the Committee is chaired by the Minister and the CC minutes are a fixed item on the Kirk Session agenda. Staff workplans, budgets and proposals are reviewed by Kirk Session and subgroups of Kirk Session meet with staff to review progress and performance.
First Carrickfergus Congregation of the Presbyterian Church in Ireland Trustees, Annual Report (continued) Year ended 31 December 2023 Achievements and Performance (Public Benefit Report) The Trustees are aware of the importance of achieving public benefit as described in the North Street. First Carrickfergus Presbyterian Church entry on the CCNI Register and welcome the guidance given in the CCNI documents. We consider that working for the public benefit ha5 been a core activity ofNorth Street, First Carrickfergus Presbyterian Church since its foundation in 1621 and it frts naturally within our current vision. It is a continuous thread in discussions and decision making at governance meetings. In addition to the essential work of our five full and part-time paid employees, unpaid volunteers contribute a significant number of hours per week in delivering a wide range of activities and services. This is the source of energy through which our public benefit is delivered, and the Trustees expresstheir sincere thanks to all our staff and volunteers. The public benefit services delivered by North Street, First Carrickfergus Presbyterian Church are listed in Table (i), and a statistical description of the level of participation is shown in Table {ii). Sunday Services GB Explorers (3-7 years) Thursday Fellowship Sunday Evening Missionary Services GB Juniors (8-10 years) Tots & Co GB Seniors (11-13 years) Young Adults Midweek Wednesday Worship GB Brigaders (14+ years) Youth Fellowship Baptismal Services GB Former Members StudentPal Wedding Services Indoor Bowling Club Outreach Ministry- to families under financial pressures. Funeral Services Creche Easter, Christmas. Harvest & Remembrance Services Pastoral visits to homes, hospitals, Retirement Homes and Care Homes Holiday Bible Club {Summer programme, 5-11 years) Prayer Meetings Kids, Crew (children's Sunday morning programme) Special fundraising appeals Alpha Courses Community use of halls including Badminton Club Core Groups Needle & Natter BB Anchor Boy514-8 years) Women's Ministry Group Fitness Classes BB Junior Section (8-11 years) Men's Ministry Group Big Church Day BB Company Section (11-14 years) Women's Bible Study Groups Music Ministry Audio Visual Team Publicly available defibrillator BB Senior Section (15-18 years) Back to School Breakfast Church Lunches Further details on these organisations and activities are available from our website, www firslcarrick res co uk, our Facebook page and from our regular publications and the weekly printed and emailed announcements. Several of our organisation5 and activities are provided for children and young people. Essential Safeguarding and child protection is facilitated through the PCI Taking Care programme for which we have a member identified as a Designated person. Table li). Public benefit services provided by North Street, First Carrickfergus Presbyterian Church
First Carrickfergus Congregation of the Presbyterian Church in Ireland Trustees, Annual Report (conllnued) Year ended 31 December 2023 Public Benefit Report (continued) 2023 2022 Number of families under the pastoral care of the church 295 305 Number of ersons- Under 18 19-64 ears Over 65 TOTAL ears 98 333 238 669 115 327 251 693 ears Average Weekly Partici ants 150 200 150 Average Weekty Partici ants 150 220 150 Sunda Services Mornin Avera e number of weekl online views YouTube Bible Studies & Fellowship Meetings (excluding Sunday Services Sunda School & Bible Class activities Non-uniformed or anisations for children and Uniformed o anisations for children and oun 20 60 142 16 60 148 oun eo eo Youth Week, Summer Pr ramme.. 40 oun eo le annuall Holida Bible Club. Summer Pro ramme= 150 children annua51 Table (ii). Level of participation in services, organisations and activities as a general descri tive measure of im act The Church made external donations in 2023 of £26.86612022.' £30,106) to worthy causes and projects during this financial period.
First Carrickfergus Congregation of the Presbyterian Church in Ireland Trustees, Annual Report (continued) Year ended 31 December 2023 Statement of Trustees. Responsibilities and Corporate Governance The organisation has been registered with the Charity Commission for Northern Ireland. The Elders are responsible for their annual report and for the preparation of financial statements for each financial year which give a true and fair view of the state of affairs of the Organisation and of the net movement in funds of the Organisation for that period. In preparing those financial statements, the Elders are required to:. Select suitable accounting policies and then apply them consistently- Observe the methods and principles in the Charities SORP. Make judgements and estimates that are reasonable and prudent-, State whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements., and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the organisation will continue to function. The Elders are responsible for ensuring that the organisation keeps proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation and to enable them to ensure that the financial statements comply with Charities legislation. They are also responsible for safeguarding the assets of the Organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that= The Organisation is operating efficiently and effectively., All assets are safeguarded against unauthorised use or disposition and are properly applied., Proper records are maintained and financial information used within the Organisation, or for publication, is reliable. and The Organisation complies with relevant laws and regulations. Statement as disclosure to our reporting accountant In so far as the Elders are aware at the time of approving ourtrustees, annual report.. there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the charity's reporting accountant is unaware- and the Elders, having made enquiries of fellow Elders and the charity's reporting accountsnt that they ought to have individually taken, have each taken all steps that helshe is obliged lo take as a trustee in order to make themselves aware of any relevant audit information and to establish that the reporting accountant is aware of that information.
First Carrickfergus Congregation of the Presbyterian Church in Ireland Trustees, Annual Report (¢onUnuedJ Year ended 31 December 2023 Internal controls The Kirk Session has overall responsibility for ensuring that North Street First Carrickfergus Presbyterian Church has a system of internal control. Such a system of control can provide only reasonable and not absolute assurance against errors or fraud. Controls are concerned with safeguarding the church's assets and maintaining the integrity of accounting controls. Risk Review The Trustees recognise their responsibility for the identification, assessment and management of risk. The trustees have implemented systems and procedures to manage identified risks and there is a strong culture of risk assessment for all activities undertaken by the charty. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing support from the Church membership. These risks are mitigated by the Trustees, and the Congregational Committee. regularly monitoring the various activitie5 of the congregation at stated meetings and by encouraging members in their regular giving. Statement of compliance with the duty to have regard to the charity commission for Northern Ireland's guidance on public benefit In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the Charty's purpose and provide a benefit to the beneficiaries. No harm and no private benefrt flowed from the purposes of the charity.
First Carrickfergus Congregation of the Presbyterian Church in Ireland Trustees, Annual Report (¢ontinuedJ Year ended 31 December 2023 Financial Review and Reserves Policy The Elders believe that the Organisation should hold financial reserves because: It has little endowment funding and is currently dependent for income upon donations from year to year wbich are subject to review., It requires protection against and the ability to continue operating despite unforeseen setbacks., and It requires the ability to be able to take advantage of change and opportunities to further ils objectives. The Elders believe that the level of unrestricted reserves represented by investments and net current assets should be the equivalent of between three and preferably six months, operating costs, calculated and reviewed annually. Reserves should be built up to the desired level in stages, consistent with the charity's overall financial position and its need to maintain and develop its charitable activities. Such unrestricted reserves constitute, in total, a deficit of £36,911 (2022.. £20,814 deficit). To address the deficit, the elders are taking action in an effort to increase income, and control operating costs which are currently being funded by surplus restricted cash balances. During the year ended 31 December 2023, operating costs were in the region of £195,000 per year. Accordingly, the target reserve balance is between £48,750 (3 months) and £97,500 (6 months). The current level of reserves therefore is below the terms of the Reserves Policy. An analysis ofthe Charity's funds is given in Note 17 and the analysis of net assets between the funds is given in Note 18. The Elders consider that sufficient resources are held in an appropriate fom to enable each fund to be applied in accordance with any restriction imposed. Employees The Charity aims to be an organisation that employees enjoy working for and where they feel supported and developed. Employees are kept fully informed about it5 Strategy and objectives, as well as day to day news and events. Regular information about the organisation is available through meetings and e-mails. All employees are encouraged to give their views and suggestions on performance and strategy. Independent Examiners John Magee ofAubrey Campbell & Co was appointed as the charity's independent examiner.
First Carrickfergus Congregation of the Presbyterian Church in Ireland Trustees, Annual Report (continued) Year ended 31 December 2023 This report as approved by the Trustees on 2024 and signed on its behalf by: Mr T Hogg Trustee Clerk of Session Mr N Anderson Trustee Treasurer
First Carrickfergus Congregation of the Presbyterian Church in Ireland Independent Examiner's Report to the Trustees of First Carrickfergus Congregation of the Presbyterian Church in Ireland Year ended 31 December 2023 Independent Examinerfs Report to the Trustees of First Carrickfergus Congregatlon of the Presbyterian chUh in Ireland I report on the financial statements of the of the charity for the year ended 31 December 2023, which are set out on pages 1 to 28. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008 ('Ihe Act"). The charity's trustees consider that an audit is nol required for Ihis year under Article 65(3) of the Act and that an independent examination is needed. Per the information provided to us to carry out our examination, the charity's gross income did not exceed £500,000 this year, but did exceed £250,000, and did not exceed £500,000 last year. l am qualified to undertake the examination by being a qualified member of Chartered Accountants Ireland. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination it is my responsibility to-. examine the accounts under Article 65 of the Charities Act {Northern Ireland) 2008, and to follow the applicable Directions given by the Charity Commission for Northern Ireland, and to state whether particular matters have come to my attention Basis of independent examiner's report My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the account5 present a 'true and fairf view and the report is limited to those matters set out in the statement below
First Carrickfergus Congregation of the Presbyterian Church in Ireland Independent Examiner's Report to the Trustees of First Carrickfergus Congregation of the Presbyterian Church in Ireland (continugd) Year ended 31 December 2023 Independent examiner's statement In connection with my examination, no material matters have come to my attention which give me cause to believe that in, any material respect- the accounting records were not kept in accordance with Article 63 of the Charities Act (Northern Ireland) 2008- or the accounts did not accord with the accounting records-, or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jo eeF rey Cam ell&Co Independent Examiner 631 Lisburn Road Belfast BT9 7GT Date". 2019124 10
First Carrickfergus Congregation of the Presbyterian Church in Ireland Staternent of Financial Activities Year ended 31 December 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Investment income Other income 120,468 3,227 1,110 21,131 101,029 18,749 14 6,914 221,497 21,976 1,124 28,045 205,561 22,612 360 31,588 Total income 145,936 126,706 272,642 260,121 Expenditure Expenditure on charitable activities Total expenditure 193,158 159,430 352,588 352,588 271,880 193.158 159,430 271,880 Net expenditure (47,222) (32,724) (79,946) (11,759) Transfers between funds 31,125 (31,125) Net movement In funds (16,097) (63.849) (79,946) {11,759) Reconciliation of funds Total funds brought forward Total funds carried forward 120,814) (36,911) 449,009 428,195 439,953 385,160 348,249 428,195 The statement of financial activilies includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notss on pages 13 to 24 fonn part of these financial ststements. 11
First Carrickfergus Congregation of the Presbyterian Church in Ireland Statement of Financial Position 31 December 2023 2023 2022 (reststedj Note Current assets Cash at bank and in hand 352.368 432,160 Creditors: amounts falling due within one year Net current assets 15 4,109 3,965 348,249 348,249 428,195 Total assets less current liabllities 428,195 Net assets 348,249 428,195 Funds of the charity Restricted funds Unrestricted funds 385,160 (36.911) 348,249 449,009 (20,814) 428,195 Total charity funds 17 These financial statements on pages 11-24 were approved by the Kirk Session on on their b half by= and signed MrTH Trustee Clerk of Session Mr N Anderson Trustee Treasurer The notes on pages 13 to 24 fomi part of these flnancial statements. 12
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements Year ended 31 December 2023 1. Legal Status of the Charity North Street, First Carrickfergus Presbyterian Church is a Congregation ofthe Presbyterian Church in Ireland. It is a charity registered in Northern Ireland no. NIC105433. Statement of compliance 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 of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is North Street, Carrickfergus, BT38 7AE. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified 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 entity. Going concern The Kirk Session's policy is to undertake ongoing review of the 'Going Concern, status of the charity, taking note of the organisation's reserves policy and the projected availability of funds to enable the organi5ation to fulfil its responsibilities. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires Trustees 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. The Kirk Session considers that the organisation has sufFicient funding in place to continue its operations in the near future and thus deems the use ofthe going concem basis to be appropriate. To address a deficit in unrestricted funds1£36,911), the Kirk Session is taking action to increase income and control operating costs currently funded by surpluses in restricted cash balance5. Fund accounting Unrestricted funds are funds which are available for use at the discretion of the Kirk Session in furtherance of the general objectives of the charity and which have not been designated for other purposes. The fund comprises the accumulated surpluses and deficits of unrestricted income and expenditure. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of administering such funds are charges against the specific fund. The aim and use of each restricted fund is set out in the notes to Ihe financial statements. Investment income and gains are allocated to the appropriate fund. 13
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (ntInued) Year ended 31 December 2023 Revenue Items of revenue are recognised and included in the accounts when all of the following criteria are met.. the charity has entitlement to the funds., any performance conditions attached to the item{s} of revenue have been met or are fully within the control of the charity-, it is probable that the revenue will be received., and the amount can be measured reliably. Revenue received in advance of the provision of a specified service is deferred until the criteria for revenue recognition are met. Grants receivable Grants receivable which relate to the year are credited to revenue within the Statement of Financial Activities, with unspent balances being carried forward to subsequent years within the relevant fund. Specific debts are recognised where approved grant expenditure exceeds grant revenue received to date. Grant revenue relating to future periods is carried fOard under payables. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon notification of the interest paid or payable by the Bank. Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. expenditure on raising funds comprises the costs of marketing and promoting Ihe charity and its activities., expenditure on charitable activities includes the direct costs allocated to the performance of activities undertaken to further the purposes of the charity and their associated support costs., expenditure on other items represent5 those items not falling into any other heading. Receivables Trade and other receivables are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents include bank deposits, cash and short-temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Payables and provisions Payables and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Payables and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 14
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 Donations and legacies Unrestricted Funds Restricted Totsl Funds Funds 2023 Donations Bequest Donations United Appeal Building & Maintenance congregation contribution Outreach donations Freewill Offering 804 5,467 6,463 16,219 12,412 16,631 36,368 7,267 21,686 12,412 16,631 36,368 114,197 114,197 Grants Grant Income 8,186 8,186 Sponsorship Membership Income 4,750 4,750 120,468 101,029 221,497 Total Funds 2022 freslated) Donations Bequest Donation5 United Appeal Building & Maintenance congregation contribution Outreach donations Freewill Offering 6,941 17,522 225 3,852 13,266 17,808 24,310 7,166 21,374 13,266 17,808 24,310 110,239 110,239 Grants Grant Income 6,985 6,985 Sponsorship Membership Income 4,413 4,413 134,702 70,859 205,561 Where 2022 figures have been restated this is to provide meaningful comparatives, for updated income and expenditure categories, used for the first time in 2023. 15
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (contlftu8d) Year ended 31 December 2023 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2023 Event income Rental income 1,884 1,343 18,749 20,633 1,343 21.976 3,227 18,749 Total Funds 2022 frestatedj Event income Rental income 1,557 2,409 18,648 20,203 2,409 3,966 18,646 22,612 Investment income Unrestricted Funds Restricted Total Funds Funds 2023 Bank interest receivable 1,110 14 1,124 Unrestricted Funds Restricted Total Funds Funds 2022 (restated) Bank interest receivable 352 360 Other income Unrestricted Funds Restricted Total Funds Funds 2023 Other income - United Appeal Gift Aid Other income- Gift Aid on Building & Maintenan congregation contribution Other income - Gift Aid on Outreach donations Other income - Gift Aid on FWO & other general donations 2,403 2,403 3,536 975 3,536 975 21,131 21,131 28,045 21,131 6,914 Mthere 2022 figures have been restated this is to provide meaningful comparatives, for updated income and expenditure categories, used for the first time in 2023. 16
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements {contlnuedJ Year ended 31 December 2023 Other income (continued) Unrestricted Funds Restricted Total Funds Funds 2022 (reslated) Other income - United Appeal Gfft Aid Other income - Gift Aid on Building & Maintenance congregation contribution Other income- Gift Aid on Outreach donations Other income- Gift Aid on FWO & other general donations 2,518 2,518 3,736 5,340 3.736 5,340 19,994 19,994 19,994 11,594 31.588 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Charitable activities Support costs 188,445 4,713 193,158 159,430 347,875 4,713 159,430 352,588 Unrestricted Funds Restricted Total Funds Funds 2022 (reslatedj Charitable activities Support costs 189.002 5,315 77,563 266,565 5,315 194,317 77,563 271,880 Expenditure on charitable activities by activity type Aclivities undertaken directly Support Total funds costs 2023 Total fund 2022 Charitable activities Governance costs 347,875 347,875 4,713 266,565 5,315 4,713 347,875 4,713 352,588 271,880 Where 2022 figures have been restated this is to provide meaningful comparatives, for updated income and expenditure categories, used for the first time in 2023. 17
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 10. Charitable collections and dlstributions Charitable collections and distributlons: Turkey Syria Earthquake Presbyterian Children's Society Tearfund Harvest RBL Poppy Appeal Sunnylands Primary School Nl Chest Heart Stroke United Appeal The Cithrah Foundation Senior Gateway Club storehouse £5,249.50 £ 1,668.75 £4,242.75 £381.10 £87.00 £475.35 £12,805.00 £649.80 £649.80 £649.81 26,858.86 Total Donations of physical goods were received during 2023 including food, toiletries, baby products and children's Christmas gifts. The purpose of these donations was to provide support for families experiencing financial pressures. These donations were passed on in full to third party organisations for distribution. 11. Independent examination fees 2023 2022 Fees payable to the independent examiner for: Independent examination of the financial statements Other financial services 3,700 409 3,270 4,109 3,270 12. Staff costs The total staff costs and employee benefrts for the reporting period are analysed as follows.. 2023 2022 (restated) Direct Staff Costs Wages and salaries Social security costs Employer contributions to pension plans Other employee benefrts 49,677 2,169 1,272 304 44,921 1,493 1,103 427 PCI Assessed Staff Costs Wages and salaries Employer contributions to pension plans Other employee benefrts 50.872 12,030 6,750 47,737 11,457 6,606 123,074 113,744 Rev Dr Cecil Grant is employed as the Minister of the Congregation, salary costs are included in the Presbytery Fees paid in the year. In the current year, the Minister received a Salary of £50,872, Employer Pension Contribution of £12,030 and expense allowance £6,750. 18
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (contlnuedj Year ended 31 December 2023 12. Staff costs (continued) The average number of persons. including part-lime staff, employed on UK contracts was 5 12022.5} No employee received employee benefits of more than £60,000 during the year12022'. nil). 2022 figures have been restated to provide meaningful comparatives, for the updated fomiat of this staff costs note, used for the first time in 2023. 13. Related parties and trustee remuneration and expenses The total amount donated to the Charty without conditions from trustees and officers (primary related parties) and secondary related parties was £37,560 {2022.' £35,463). No trustee received any remuneration as a result of their Trusteeship of the Charity. One Trustee was employed by the Charity during the year (2022= 11 and five trustees received reimbursement of out-of-pocket expenses during the year (2022.. 5). The details are as follows: Rev Dr Cecil Grant- Employed as Minister of the Congregation Salary £50,872. Employer Pension Contribution £12,030, Exp allowance £6.750 and mileage £49. Rev Dr Cecil Grant (a trustee) received £1,040 by way of reimbursement from the charity where they had paid charity liabilities from personal funds while acting as an agent for the charity. Mr Trevor Norris (a trustee) received £135 by way of reimbursement from the charity where they had paid charity liabilities from personal funds while acting as an agent for the charity. Mr Neil Anderson (a trustee) received £755 by way of reimbursement from the charity where they had paid charity liabililies from personal funds while acting as an agent for the charity. Mrs Sharon Primrose (a trustee) received £86 by way of reimbursement from the charity where they had paid charity liabilities from personal funds while acting as an agent for the charity. Mr Raymond Leeman (a trustee) received £300 by way of reimbursement from the charity where they had paid charity liabilities from personal funds while acting as an agent for the charity. The following transactions with secondary related parties took place in the year.. Mrs Rosalind Hart - Employed as Church Administrator- spouse of Mr Graham Hart (trustee) - Salary £14,110, Employer pension contribution £419, Exp allowance £0, Mileage £0. Mrs Anita Hogg - Employed as Music Director- spouse of Mr W Terence Hogg (trustee) - Salary £9,784, Employer pension contribution £0, Exp allowance £0, Mileage £0. North Street, First Carrickfergus Presbyterian Church is a member of Carrickfergus Presbytery which in turn is a member of the Presbyterian Church in Ireland (PCI). During the 2023 financial year, Presbytery Fees amounting to £13,638 (2022= £14,275) were paid to the PCI by the charity. No other trustee or person connected to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2022 - Nil). 19
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 14. Non-current Assets {Fixed Assets) Expected Useful Life Residual Value Buildings 50 years £985,000 £985,000 is the estimaled Cost of property over all time from the original builds, not the eslimated valuation or realisable value. The residual value stated matches the estimated cost over all time so no further depreciation is necessary. The church manse is insured for an estimated like-for-like rebuilding cost of £383,006. The church building and halls are insured for an estimated like-for-like rebuilding cost of £6,083,824. 15. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income 4,109 3,965 16. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,272 (2022.. £1,103). PCI pension plans The amount recognised in income or expenditure as an expense in relation to PCI pension plans was £12,030 (2022: £11,457). 20
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 17. Analysis of charitable funds Unrestricted funds At 1 January 20 23 At 31 Decembe r 2023 Income Expenditure Transfers General funds (20,814) 145,936 (193,158) 31,125 (36,911) At 1 January 20 22 At 31 December 2022 (Restafed) Income Expenditure Transfers General funds (12,507) 159,014 (194,317) 26,996 (20,814) Restricted funds At 1 January 20 23 At 31 Decembe r 2023 Income Expenditure Transfers Restricted Fund - North Street Presbyterian 449,009 126,706 (159,430) (31,125) 385,160 At 1 January 20 22 At 31 December 2022 (Restated) Income Expenditure Transfers Restricted Fund North Street Presbyterian 452,460 101,107 (77,563) (26,995) 449,009 21
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (continuedj Year ended 31 December 2023 17. Analysis of charitable funds (continued} At31 Dec Atl Jan 2023 Incom• Tranders In Expendltyte Transttrs Out 2023 NAME OF FUND NR Thc GerEtal Fund 120,8141 145.936 31,155 1193,1581 1301 136,9111 TOTAL UNRESThCTED FUNDS: 31.155 30 36.911 RE A71 NALP BiildirvJs & Maintenwe RE 279,947 20,377 In.2381 223,086 AND CHATI United Appea DEC Tuthey Syiia Eartquake inc Grft Aid Pres childn SletY Tear Funo Hwst 14,815 114,8151 15,2491 5,249 1.669 11,6691 14,2431 13811 1871 4,243 RBL Poppy Appea Sunnylants Pthmary Sch& SeThice Nl Chest Heart & Stroke 381 475 14751 161 M(thratCf Appea for Vkrane Gift Aid Slthlent Bursary Fund Fift Aid THER R OUt[h Fund 47.337 37,343 114.4631 135,6051 34,612 Benew)lent Fund l Estate A l Estate B 34.971 6.253 41,224 Charfes Legg Fund Other Bequests Messy Chuch I Ctildrerf5 Ministry prCesSi Bequests NS&I Bonds 4.102 4,102 13.296 13,296 948 966 2,000 12.7651 1,147 20,000 20,000 29,000 29.000 TrICTED ANI NALF BB Cornp3ny BlIng Club CE 3,885 6.794 15 16.6381 4.056 1.209 525 14421 15001 792 93 GB Company GB Fomer Members 6.073 7.942 15 18,7361 12W) s,094 74 308 11&31 12.3601 12,0901 14691 19011 19811 11,8571 113,2761 138 MeetirvJ Prmnt Missionary Cemmitte8 Outrexh Ministry 2.318 1.524 130 1,070 1,200 310 2.786 529 2.846 Tols & Co. 1.703 1.050 Tk ShopAccount Youth Club 307 1,492 10631 11,4321 1871 339 1.809 2.860 145 1,525 Youth Mini51ry Outrèach Ministry Cash TOTAL RESThI¢TED FUNDS.. 1.159 9.259 3.853 908 71 41 112 449 009 126.706 7,412 TOTAL FUNDS: 428 195 272 642 38.567 352,$88 Freewill Offering provides the funds for the ongoing running costs of the church including heating, electricity, insurance. office costs and staff costs. Buildings and Maintenance provides the funds for all costs related to the repair, rna1ntenan and development of the church premises. 22
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Financial Ststements (continued) Year ended 31 December 2023 Outreach provides the funds for staff costs and activity costs associated with mission and outreach to surrounding communities. United Appeal provides funds forthe Presbyterian Church in Ireland to support identified worthy causes. Progressive Bequests and NS&I bonds are sums gifted to the church and invested to produce income. The Benevolent Fund is ulilised by the Minister and Kirk Session to provide support in Cases of financial hardship. There were no payments made from the Benevolent Fund in 2023. (2022: £1,045) Restricted Organisational Funds are the funds operated by the organisations of the church and its Youth Ministry. 18. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets (32,8021 (4,109} (36,911) 385,160 352,358 14,109) 348,249 385,160 Unrestricted Funds Restricted Total Funds Funds 2022 Current assets Creditors less than 1 year Net assets (16,848) {3,966) (20,814) 449,009 432,161 13,966) 428,195 449.009 19. Prior year adjustments The 2023 accounts show a prior year adjustment in relation to transfers from restricted funds to unrestricted funds of £26,955 (Statement of Financial Position and note 17), which were not shown in the 2022 accounts. The net transfers of £26,995 not shown in the 2022 accounts were made up of transfers from the Outreach Fund for salaries of the church's youth and family workers and smaller transfers from the Outreach Fund and other restricted organisational funds. The figure stated in the 2022 accounts for the overall funds of the charity at the end of 2022 was correct. However, by not showing the net transfers of £26,995 from restricted funds to unrestricted funds, the figures stated for restricted funds and unrestricted funds at the end of 2022 were incorrect. In these 2023 account5, the end-of-year balances for restricted funds and unrestricted funds, for both 2022 and 2023, have been made correct by this adjustment. 20. Financial Commitments At 31 December 2023 the charity has no annual commitments under non-cancellable leases orany other financial commitments that are not recognised in the accounts {2022: £nil}. First Carrickfergus Congregation of the Presbyterian Church in Ireland has entered into a number of long-temi contracts for the supply of services all of which are cancellable. 23
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 21. Transfers between funds Funds are routinely transferred by affiliated church groups to cover the costs of using the church's facilities, resources and staff.. Unrestrlcted Restrictsd Totsls Funds Funds 2023 To general frjnd from Outreach for family worf(er To general fijnd from Outreach for youth and child worker To Boys, Brigade Company from general fvnd relating to bequest To general fvnd from Girfs Brigade towards heal & light From general fijnd to Girts Brigade relating to bequest From Fomer Members Association to general fijnd (heat & light) From Bowling club lo general fynd 15,656 14,748 1151 200 1151 50 500 {15.656) 114.748) 15 12001 15 1501 (5001 Totsl¥. 31,125 (31.125} 24-
First Carrickfergus Congregation of the Presbyterian Church in Ireland Management Information Year ended 31 December 2023 The following pages do not form part of the financial statements. 25
First Carrickfergus Congregation of the Presbyterian Church in Ireland Detsiled Statement of Financial Activities Year ended 31 December 2023 2023 2022 Income and endowments Donations and legacies Bequest Donations United Appeal Building & Maintenance congregation contribution Outreach donations Freewill Offering Grant Income Membership Income 7,267 21,686 12,412 16,631 36,368 114,197 8.186 4.750 7,166 21,374 13,266 17,808 24,310 110,239 6,985 4,413 221,497 205,561 Charitable activities Event income Rental income 20,633 1,343 20,203 2,409 21,976 22,612 Investment income Bank interest receivable 1,124 360 Other income Other income- United Appeal Gift Aid Other income- Gift Aid on Building & Maintenance congregation contribution Other income - Gift Aid on Outreach donations Other income - Gift Aid on FWO & other general donations 2,403 2,518 3,536 975 21,131 3,736 5,340 19,994 28,045 31,588 Total income 272.642 260,121 26
First Carrickfergus Congregation of the Presbyterian Church in Ireland Detailed Statement of Financial Activities fcontinuedj Year ended 31 December 2023 2023 2022 Expenditure Expenditure on charitable activities Purchases Wages and salaries Employer's NIC Pension costs other employee benefits Rates and water Light and heat Repairs and maintenance Insurance Activity expenses Catering 5,598 49,677 2,169 1.272 304 847 15,297 86,605 5.505 39.138 3,712 4,104 44,921 1,493 1,103 427 804 9,070 28,542 5,075 25,910 2,310 v-11 Presbytery fees Prizes & gifts Telephone Other office costs Sundry Donations Giftaid & bequest transfers from No 1 account United Appeal Donations Advertising Training Bank charges Subscriptions Arts & crafts expenses Missionary Donations Accountancy fees 90,915 14,244 1,580 4,795 1,865 806 14,754 1,617 87,619 18,798 1,734 7,153 1,467 831 16,324 1,774 350 553 3,185 268 2,750 5,315 647 3,683 780 2,025 4,713 352,588 271,880 Total expenditure 352,588 271,880 Net expenditure 179,946) (11,759) 27
First Carrickfergus Congregation of the Presbyterian Church in Ireland Notes to the Detailed Statement of Financial Activities Year ended 31 December 2023 2023 2022 Expenditure on charitable activities Charitable activities Activities undertaken directly Purchases Wages and salaries Employer's NIC Pension costs Other employee benefrts Rates and water Light and heat Repairs and maintenance Insurance Activity expenses S.598 49.677 2,169 1,272 304 847 15,297 86,605 5,505 39,138 4,104 44,921 1,493 1.103 427 804 9,070 28,542 5,075 25,910 111 Catering costs Presbytery fees Prizes & Gifts Telephone Other office costs Sundry Donations Giftaid & bequests transfers from No 1 account United Appeal donations Advertising Training Bank charges Subscriptions Arts & crafts expenses Missionary Donations 3,712 90,916 14,244 1,580 4,795 1,865 806 14,754 1,617 2,310 87,619 18.798 1.734 7,153 1,467 831 16,324 1,774 350 553 3,185 268 2,750 647 3,683 780 2,025 347,875 266,565 Governance costs Governan costs - accountancy fees 4.713 5,315 Expenditure on charitable activities 352.588 271,880 28