an Terrace Row Presbyterian Church (a congregatlon of the Presbyterlan Church In Ireland) Charity Accounts (for the year ended 31 December 2022) Reglstered wlth the Charlty Commlsslon for Northern Ireland Reglstratlon Number NIC105552
srATEMEKf OF FINANCIAL ArnviTY Ilor th¢ yeaf ended 31 DEcember 20221 Ir)rne •nd Endowmenis frnm: Donatlons4nd legades Charltable ocilvjiles Other tradin8 4ctlvltles Inveslments oih•r 142,770 57.744 7.256 21J).514, 7,256 J7,183 1348 .034, 192.904 1,544 27,689 1,402 7,753 37,183 1,726 4,014 622 11.020 Tot41 Its.693 16.612 261335 23L292 Expendliure on: R•tslni lunds Chult4ble artivillts oihqf 765 169,694 765 750 226.395 26.560 69251 27,660 27,660 Tolal 170A59 96.911 167.370 253.71 Incom•llExpendllurnl JS,234 -20,269 -5,035 -22J13 Nèt VInlIOt$> on .374 -3.674 2,897 Tr•nslers bfjtW funds -355J of fmed a&tr N•1 mtyMm•nl In funds 4007 .16,716 4709 -19,516 Re¢on¢illatlon of funds: Tot•1 fvnds browht f0Thrd 264,566 367.091 631,657 65J,ITJ Total fvnds Cifrled fo1 272.573 350.375 622,948 631,657 172,573 350,375 IIP Tefrace Row Pr¢*terfan thu
BALANCE SHEEr A$ at 31 December 2012 Flxed assetL' Tanglble 355ets Herltage assets Investments 180,441 180.441 199.698 46,610 46.610 Totsl flxed wsets 46,610 180,441 227,051 234,278 Current ets Debtors Current Inveslmerrts Cash at bank and In hand 14 16.550 16.550 17,000 209.413 169.934 379.347 380379 Tot•1 current assets 225,963 169,934 395.897 397,379 Ll•bllftles: Credltors: Amounts fallln8 due wlthln one year 16 Net cuffent •ssels or Iljbllltles 225.963 169,934 395,897 397.379 Totsl lus current Ilabllltles Credltois: Amounts falllng due after more than one vear 272.573 350,375 622,948 651.657 17 Total nel •ssels or Ilabllltlei 272 573 350 375 631657 21P• Trn Row Piesbylerf•ft thurth
BALANCE SHEET ot 31 December Z022 Fund$ of the charlty Endowment funds Restrkted funds Unreslr1ct lund$ 18 18 350,375 350?75 272.573 367.091 264566 272.573 Total th•rlty fuhdi 272 573 350 375 631657 Approved by Ihe KI Sesslon at 4 rnoetlr% on 20 March 2023 and slBned on Its behalf by Geor8e Scott Clerk of Sesslon {2022) Torn Moore Church Treasurer 3IPrye T•rrKe Raw Presbyiert•n Churth
ACCOUNTING pouaE BA515 OF FINANaAL STATEMENT5 The flnanclal ststements have been prepared In aCCOfd4nce wllh Accounllng and Reportlryq by Charttle Statement of Recommended Pracllce appltcable lo charltles preparlng thelr accounts In accordan wlth Flnanclal Report14 Standard applkoble In the UK and Ireland IFRS1021 lelfedlve l January 20151. The flnanclal ststemeftts hève been prepared under Ihe hlstorlcol cost comffjnllon eKcepi for Investrn8nt assets, whlch are shown at market value. The linancial stalements Include ill transactlons. assels and Ilabllltlos for whkh the cor4re8atlon Is responslbte In law. They do not Include thÈ accounts of church groups that owe thelr afflllatlon to another body, nor those that are InfomMI 8atherln8s of churth members. FUND ACCOUNTING Endowm•nt funds funds. the capltal ol whkh must be fel01n elther perrnanently or at thfj con8re8atlon' dlscrellon: the Income derlved Irom the endowment Is to be used eliher as re5trlcted or unreslrlcled Incorne funds dependlnq upon the wrpose for whkh th• endowment was e5tsbllshed In the fifst place. Restrkted lunds comwlse lal Income from endowments whldi ts to be expended only on the restrl¢ted purposes Intended by Ihe donor and (bl r•venue donations or 8rants for a speclfic con8re8atlonal artlvlty Intended by the donor. Llnfestrlcled funds are Incorne lund$ whlch ar# lo be spent on th• CO1¢41t10n,l Wbw•I wtrp05•5, I)1¢nal¢d ar• lonel lund5 Sot •dde by the con8re8•llon for In the luturo. 41P Toff•¢¢ Row Pre*rterf•n Churth
ACCOUNTING POUCIESl¢onVd) INCOMING RESOURCES RecoRnftlon of IncomlnB reUrCeS These are Included In the Statemeiil of Flnanclal Acttvltles (SOFA) when; the con8re8atlon becomes entitled to the resouTce5; the trustees are vlrtublly certaln they wlll re1ve ihe res¢)urce$: and • the rnnetsry valuo can be mea5urÈd wlth sulflclent rellably. Incomlng resources wlth related expendlture Where Incomlng resources have relaled expendltuie las wlth fundralslng Income) the Incomlng resources and related expendlture are reported gfOSS In the SOFA. iu Grnnts and donotlons Grants and donatlons are only Included In the SOFA whon the con8re8atlon has uncondlt¢onal eniltlement to the resources. (Iv) Tax redalrns on donatlons Jnd 81ft$ IncomlNd r•sourre5 from lax redalms are Induded In the SOFA at the same tlme as the 81ft to whlch they relat•. Contractual Inrne and perfomiance rel•ied grnnts Thls Is only Induded In the SOFA On the relatèd gcods or 5ervlces have been dellvered. Gffts In klml Glfts In klnd are accounted for at a rea50noble estlmate of thelr value to the charlty or the arnount actu8lly re3llsed. Gllts Sn kind for use by the charity are included In the SOFA as Incomin8 resources when fecelvable. (¥lD Donated *r¥lces and hdlltley These are only included In Incomlng resources {wllh an equlvalent amount In resource5 expended) whore the benefll to the chaflty Is reasonably quaDtlfi#ble. measurablè and materEal. The value placed on these rtsouices Is the estlmated value to the tharlty of the seNlce or faclllty recelved. Volunleer help The valuo ol •ny wlunlary help le(•ldIS Imrt Included In the •ccounts but Is de¥uob¢d th ihe trustet¢ •nthu•l i•POfL SIP•8e Tofrnce Row PfesbyiffF•n Chwth
Investment Income Thb Is Included In the account5 when recelvable. Inveslment 8alns and losses Thls Includes any gain or loss on the sale of Investments and any galn or loss resultlnB from rev?la inveslmpnts to market v8lue at the end of the year. EXPENDITURE AND UABIUTIES (Ilry U•blllty re(nItIon Llabilitles are reco8nlsed as soon as therels 4 legal or constwctlve oblEgatlon commlttlwA the congre8atlon to pay out resource Ilv) Govtrnance costs These are shown wlthln charltable actlvltles #nd Include the costs of preparatk>n and examlnatlon of accounts. the Costs of trustee meetlng5 and cost of any le8al advke to trustees on govern1n or con5tllutlonal malters. Iv) Grartts wlth performance tt+ndltlons Wheie the ClIty glves a grant wllh condftlons fof Its payment belnB a spe¢lftc level of servlce or output to be provlded. such 8rants are only recognised In the SOFA ¢Jnce the reclplent of ihe grant has provlded the speclfied servlce or oulput. Granls payable wlthout perfomiance condltlons These are only rocognlsed In the accounts when a commltment has been nmde and there arn no condlttons to be met relatSnq to the 8rant whlch romaln In the conlrol of the charlty. {vll) Support corts Support costs Include central functlon5 and have been ollocated to actlvlty cosl cate8orfes on a basls conslstent wlth Ihe use of resources, e.8. allocatln8 propertv Costs by floor areas, or per capita, staff costs by the 15me spent and other costs by thelr usage. 61P Terrace Aow fvethiwl•n Churdb
ASSErs ID Tanbkn Flxed Aets Tan8lble ftxed assets for use by charlty are capltalljed If they can be used for more Ihan one ye•r. and c03t at leasl £2500. They are v8lued at cost or, If 8lfted, at the value to the tharlty on iecelpt. Depreclatlon Is recorded on all t8nglble Ilxed assets other than Ireeholdlgnd, at rates kulated lo wwlle of the cost less ¢Stlmated re51dual value, ol each a55et over Its expected useful Ilfe, on a stral8ht15ne basls. as follows ulldlngs.. Flxtures, Itttln85 and equlpment Motor Vehkles Computers. so(Iware and technlcal equlpment - over SO years - 0r 10 years - t)ver 4 years - over 4 year5 - over SQ years - over 4 years Investments Investnnts quoted on • rwnlsed stock exchange are valued at mafket value ot the year end. Other Investrnent 3sset$ 8re Induded at truslees, best e5tlmate of rn4rket value. 71P• TYrnce Row PreW•fi thurth
DONATIONS AND LEGACIES Recorded glvln8 L005e collectlons Donatjons and gifts Glft Ald LegaclES and bequest 119,042 953 46,785 1,824 918 8,217 165,827 2,777 918 30.942 50 155.895 2,733 33376 22,725 CHARITABLE ACTIVITIES Income from charltable actlvltles Fees from weddlngs and funerals Membershlp fe85 FundraIs1r events 1,961 5.295 1.961 5,295 1,514 Ip4• Teff•ee ftow Piethtefl•n Churth
OTHER TRADING AcfiviTIES Property Rental TTadlnd Incoffle 36,000 1.183 36,000 1,183 27,000 689 INVESTMENTS Deposlt Interest General Investment Fund Other Investment Inmme 923 622 1,545 803 928 474 622 91Pa8e Tmce Row Prtsbyl•Jlan Churth
OYHER INCOME Insurance dalths Other Income Grants 4,014 2.356 6.370 1.466 6287 RAISING FUhlDS FWO envelops Fundralslnq evènts 765 765 750 765 765 750 Ip4e
CHARITABLE AcfivrnES Genernl Assembly Assessments Prèsbytery fees Ministry and 5UPPOTt 5tsff Costs Olher runnlng expenses Donatlons to Mlsslons and charliies GovernCe costs 14.993 14.993 16,389 1,020 1,020 783 105,419 105,419 102,633 44,134 31632 76.766 77.145 3.3(K) 36,619 39,919 28,665 828 828 226 395 OTHER EXPENDMJRE Deprecljtknn Investment propertles expense$ 27,660 27.660 26.560
io. EMPLOYEES Employrnent Costs Wages and Sakrle5 Soclal Securlty Costs Ponslon conirlbutlons 88,667 5.949 10.803 8fj540 5.534 10,559 105 102 633 Number of Employees The avera8e number of employees. IncludlnB the mlnlster of the roneregallon. durln8 the yoar was.. Average numb•T of employees There were no employee$ In recelpt of employee beneflts In excess of £60,0. TwT•te Row Pfesbyterl•n Churth
PENSI(hN COSTS The rnlnlster ol the con8regatlon Is a member of the Presbyterlan Church In Ireland Penslon Schemo (20Q9), Th1515 a scherne operated by Iliè Pre5byterlan Churth Sn IreEBnd. a separate re815tered charlty. The con8re8aili)fi pays an aSSe55mfjnt to the Presbwerlan Church In Ireland equaleftt to the employerf5 penslon contrlbutk+n lor the 5cherne and based on the stlpend pald to the mlnlster, The Pre5byterlan Church In Ireland Penslon Srheme12009 Is a funded Scheme of ihe d¢flned b¢neflt type, provldln8 doflned benefits based on career average revalued salary. The Scheme ha5 assets held In a separately admlnlstered fund rnana8ed by a board of truslees. The Presbvterlan Church and the Scheme Tnislees have agfeed a fundlng plan to ensure the Scheme Is suffficlentlv funded to meet current and luture obllgalions. A formal scliedule ol contrlbutlons was drawn up on 25 Novemb8r 2015 whereby the Presbyterlan Churth a8reed to pay from 31 December 2015 contrlbutlon5 of 24% of penslonable salarles to covèr the accrual of benefits lor future servlce, expenses, Ihe cost of InsurlnR death In Serv1 bonefits and fund1 the xlwme d•fkiL Th6 contrlbutlons made by the con8reaafion dvrlno the year were Contrlbullons 10.109 9.887 Other employees ère, where •pproprlate, enfolled In an Aulomatlc Enrolment Scheme operaled by NEST Contrlbuibn5 694 672 IP• Torrn¢e Aaw Prn*yterf•n thu
TANGIBLE FIXED ASSETS Cost or valuatlon At start of yeai Addltlons Dlsposals 386350 417,826 8,403 31,648 804,176 8,403 31.648 At end of year 386J50 394,581 7aO.931 Oepredatlon At Start ofyear Provlslon for year D15posa15 270,650 6.Q80 333.828 21,580 31,648 604.478 27,660 31.648 At end of year 276.730 323,760 600,490 Net Book Value At start ol year 115,700 83,998 199.698 At end of ye•r Ipryo Teryate Row Prtsbyterlan thurth
2022 46,610 2021 34.S80 General Investment Fund Inveslment Properlles Value at Start of year Addlilons Dlsposals Impalrment Galns I (Losses) on revaluatlon 34,580 15.704 16209. 15.474 -3.674 2,897, Value at end of year oToRs 2022 11,050 5,500 2021 12.(100 S.¢X)D Glft Ald Recoverable Insurance Prepald Other prepayments 15. CASH AT BANK AND IN HAND 2022 491,173 20n 267,643 85,(XJO 27,736 l)anske current accounts Hampshire Trust Bank Or8anlsJtlon Accounts 30,225 Ip
16 CREDITORS: amount fallln8 due wlthln one year 2022 2021 Rent Recelved In Adn Sundry Accruals 17 CREDITORS: •mount falllni due after more than one year 2022 2021 IP4 Tomce Row IWerl•n thurth
FUND BALANCES ANO RECONOUATION OF FUNDS Fund Balance at siart Income Empend. Galnsl Transfer Balance al Unrtstrkted Funds General Fund 264,566 185.693 170A59 -3,674 -3.553 271573 264,566 185.693 170,459 -3,674 -3,553 272,S73 Restrlcted Funds Property Fund 331.767 23,241 46,815 308,193 Unlted Mlsslonory appeal nday School 8enevoleDt Fund Churth OrBanlsatlons Special Co[tionS UV Funds 1.875 515 5,198 27,736 18,874 19.000 2,078 S64 12,884 10,032 5,538 1,749 873 5,203 30,225 I53 569 11.837 11,568 9.670 3.536 .1536 4,132 367,091 76,642 96,911 3,553 350375 OThER aALANCES AND RECONCIUATIONS Endowment Fundj Tolal 17ip
RELATED PARTY TKANSAcfioNS Two of the TNstee5. the mlnlster of the congre8atlon and tho Youth & Famlly worker recelved remuneratlon of £70,658 and expenses of £6.904 for acting In their capacity, Penslon contributlon5 were £10.803. None of the other trustees recelved any remuner4tlon. Durln8 th• yeai the congregatlon contrlbuted the followlng amounts to Fund5 of the General Assembly of the Presknerlan Church In Ireland a separate charltv £14.993 fof congrngatlonal assessmènts £19,LN)O towards PCI Unlted Mlsslons Apppal £2.225 toward PCI World Dev Appeal £S.189 toward PCI Spedal Ukralne Apeal The CO[egatIoN contrlbuted £1.020 towards Presbytery during the yeai Thefe were no other rehted party transa¢tk>ns. I P•8e