CUNNINGH M MEMORIALCONGRE ATION OF THE PRESBYtERIAN C CH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY FOR YEAR ENDED 31 DECEMBER 2023 NOTES UNRWRICTED FUNDS RESTRICTED FUNDS ENDOWMENT FUNDS TOTAL 2023 TOTAL 2012 Intome ?nd endowments Irorn Donatlons & legacies Charltable actlvbties Other tradin8 actlvStles Investments Other fncome Total 169,070 1,476 10,698 755 100,902 1,127 269,972 2,603 10,698 762 256,817 2,688 17,491 1,000 278.515 181,999 102,036 284,035 Expendlture o',n: Ralsing funds Ch?rltable actlvities Total 2,080 169,458 171,538 2,0É0 287,359 289,439 2,000 200,971 202,971 117,901 117 901 Repiyment of loan$ Net Income/(expendlture) Transfers between funds Net movementln funds Reconclliatlon of funds: Total funds broughtforward 10,461 {1,037) 9,424 115,8651 1.037 {14,828) 15,404) 75,544 15,404) 75,544 713,994 8,468,608 8,800 9,191,402 9.115,858 Total funds ￿¥r1ed forward 723,418 8,453.780 8,800 9,185,998 9,191,402 10 CUNNINGHAM MEMORIAL C NGREG ON OF TrIE PRESB AN CHURC IN IRELA BALANCE SHEET AS AT 31 DECEMBER 2023 NOTV. UNRESTRicfED FUNDS RESfRI￿fD FUNDS ENDOWMENT FUNDS TOTAL FUNDS 2923 TOTAL FUNDS 2022 FIXED A55Ers Tangible assets Total flxed assets li 512,340 512,340 8,325,262 8,325,262 8.837,602 8,837,602 8,917,602 8,917,602 CURRENTASSETS Debtors Cash at bank.and tn hand Total ¢urrent assets Iz 13 40,231 173,769 213,999 7,319 128.017 135,336 47,550 310,586 358,136 46,798 230,376 277,174 8,800 8,800 LIA81LITIES Creditors: amounts falling due wlthln one year 14 1921 6.819 3,374 Net cutrent.assets or (Ilabllltles) 211,078 128.518 8,800 348,396 273,801 Total net assets or Ilabllltles 723,418 8,453,780 8.800 9,185,998 9,191,402 FUNDS OF THE CHARITY Unrestrlcted income funds Restricted Income funds Endowment funds Total ¢harlty lunds 15 Is 15 723,418 723,418 8.453,780 8,800 9,185,998 713,994 8,468.608 8,800 9,191,402 8.453,780 8,800 8,800 723,418 8,453,780 Approved by the Klrk Sesslon at a meetingon 3June 2024 and slgned on Its behalf by IJJ MJLlla Name: Rev Noel Mullholland Name: Mr Colin Hutrhlnson Date; 31&iL* 11 CUNNING EMORIAL ON REGATIQ RESBYfE IAN CHURCH I IRE NOTES TO THE Accoumrs 31 DECEMBER 2023 ACCOUNTING POLICIES Basls of flnanclal statements The flnanclal statement5 have been prepared in accordance. with Accounting end Reportlng by Charities:Statements of Recommended Pfactlce applicable to charlties preparlng thelr accounts In accordance wlth Flnanclal Reportlng Standard applicablÈ in.the UK and Ireland IFRS102) leffe¢tlve'lJanuary2015). The flnancial statements have been prepared under the hlstorlcal cost convention except for Investment a55ets, which are shown at market value, T'he financlal statéments include all tran5actlons, assets and Ilabllities for which the congre8atlOD is r,esponslble in law. They do not include the accounts of church groups that owe their affillation to another body, nor those that are Informal gatherings Df church members. Fund accountln8 Restricted funds comprise revenue donatlons or grants for a speclfic congregatlonal actlvlty Intended by the donor. where these funds have unspent balance, Interest on thelr pooled Investment Is apportloned to the IndSvldual funds on an avera8e basls. Unrestricfed funds are Income funds whlch are to be spent on the con8re83tlon's genera5 purposes. Oeslgnated funds are general funds set aslde by the con8regatlon for use In the future, Income resources Reco nltlon of incomi resource These are Included In the Statement of Flnandal Actlvltles {SoFAI wheni the congreBatlon becomes entltled to the resources, the trustees are vlrtually certaln they wlll receive the resources. and the monetary value can be mea5tsred wlth sufficlEnt reliably. In re50 rces wlth related ex endlture Where Incoming resources have related expendlture (as wlth fundralslng Incompl thq Incomlng resourGes and related expendlture are reported gross ln the SOFA. sand na ions Grants and donatlons are only induded in theSoFA when the congre8atiort ha5 uncondltlonal entitlement ta the resojjrces. Tax reclalms on donations and lfts Incoming resources from tax reclaims are included in the SOFA at the same tlme a5 the gift to which they relate. Iv} radtsal Irlcome and erforma ce elated rants This'iS only Included In the SOFA once the related goods or servEce5 have been dellvered. UNNINGH MEM L CONGREG THE PRESBYtERIAN CHURCA IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 ACCOUNTING POLICIES- CONT:D Gifts in kind arè accountéd forzt a reasonable estimate of their value to the charlty or the amount actually reallsed and are included In the SOPA as Incomlng resour¢es when receivable. Donated servlces and facllltles These are only Included in incomlng resources (wlth an equlvalènt amount In resources expended} where the benefit to the charlty Is reasonably quantSflable, measurable and material. The value placed on these resources Is the astlmated valueto the charity of the servlce or faclllty recelved. Ivlln Volu The value of any voluntary help re￿IVed Is notjncluded In the accounts butls destrlbed In the trustee5' annual report. Inv st ent Income Thls Is In¢luded In the accounts when receivable. E¥pendlture and Ilablltfes Liabill reco Liabllitiès are retognlsÈd as soon as there Is a legal or con5tructlve obllgatlon ammitting the rongregation to Pay Out resources. These are shown wlthln charltable actlvltles and Include the costs of preparation and e%amlnatlon of a¢counts, the costs of trustee meetlngs and cost of any le8al advlce to trustees on goyernance or con5titutlonal matters. Grants able wlthout erformance condftlons These are only recognised In the accounts when a commitment has been made and there are no condltions to be met relatlng to the grantwhich remain in the control of the charity. 13 CuN￿1N HAM'MEMORIAL CONG EG NOFTHEP ESBYfERIAN CHUR H IN IRELAND NOTESTO THE ACCOU￿5 31 DECEMBER 2023 I ACCOUNTING POLICIES- CONfD ASSETS I￿111 Tan ible fixed a5 ts Details of h15torlc costs of this class of asset is not av2ilable. Thls belng the case all assets have been Included in the balance sheet atvaluatlon. No depreciatlon has been provided on these assets as the current estlmated residual value Is not less than the carrying valuè and the remalnlng useful Ilfe currently exceeds 50 years. Tanglble assets are de-recogn15ed on disposal ur when no future economlc beneflt5 are experted. on disposal. the difference between the new dlsposal proceed5 and the carrylng amount is recognised In the statement offinancial activltles, and included In "other operating gains/(losses)'. In the future any fixed a55et additions wlll be recognlsed at cost and depreciated at rates to wrlte off thelr cost, less estlmatetl resldual valu< over thelr expected useful Ilfe. The Trustees have agreed that any fixed asset addltlon with value of less than £5,000 doe5 not needto be shown as asset5 and wlll slmply be wrltten off as expenditure in the yearof purchase. 2 DONATIONS AND LEGACIES UNRESTRicfED FUNDS RESTRicfED FUNDS ENDOWMENT FUNDS TOTAL FUNDS 20Z3 TOTAL FUNDS 2022 Recorded givlng Loose collectlons Oonatlons and glfts Glft ald 139,440 4,095 185 25,350 169,070 67,563 12,078 7,204 14,057 100,902 207,003 16,173 7,389 39,407 269,972 202,068 10.267 5,886 38,59S 256,817 3 CHARITABLE AcfiviTIES UNRESTrICTED FUNDS RESTRicfED FUNDS ENDOWMENT FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 20Z2 Oreènlsation income Sale ot study books etc Membershlp fee5 248 1476 1,476 879 879 1,127 685 1,476 14 CUNNINGHAM ME AL CONGREGA ION OF THE PRESBYfERIAN CHURCH IN IRELANO NOTES TO THE ACCOUNTS 31 DECEMBER 2023 OTHER TRADING AcfiviTIES UNRESTRicfED FUNDS RESTRICTED FUNDS ENDOWMENT FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 2022 Letting premlses k¢ntal frncome loo 10,598 10,698 loo 10,598 10,698 15,841 17,491 INVESTMENT INCOME UNRESTRicfED FUNDS RESTRicfED FUNDS ENDOWMENT FUNDS TOTAL FiJNOS 2023 TOTAL FUNDS 2022 Bartklfiterest Income from bequests 738 17 755 745 17 762 50Z 18 519 OTHER INCOME UNRESTRicfED FUNDS RESTrICTÉD FUNDS ENDOWMENT FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 202Z Grant Income received other Interest received 1,000 RAISING FUNDS UNRESTRicfED FUNDS REmicTED FUNDS ENDOWMENT FUNDS TOTAL FUNDS 2023 T.OTAL FUND5 2022 FWO envelopes 2.080 2.080 2,080 2,Q80 2,000 CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRE NOTES TO THE AtCOUNTS >1 DECEM8ER ZD23 CHARITABLE AcnvmES UNREsfRicfED REsfRicfEI) ENDOWMENT FUNDS FUNDS FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 2022 General assembly assessments Presbytery fees Minlstry and support Staff costs Con8regational runnin{ expenses Donatlons to Mlssions and charkies Governance costs Loss on dlsposal property Purchase of equlpment 18,119 18,119 847 927 96,191 71,672 48.495 37,285 85,7go 47,919 47,919 1,560 32,663 4,280 287,3S9 51,298 1,440 1,560 32,663 4,246 169,458 117,901 200,971 CUNNINGHAM MEMORIAL CONGREGAMO OF THE PRES8￿ERlAN CHURCH IN IRELAND NOTES TQ THE ACCOUNTS 31D'ECEMBER 2023 EMPLOYEES Em tnent costs TOTAL FUNDS 2023 TOTAL FUND5 ZU22 Wages and 5alarle5 Penslon £ontributlons 2fj,479 263 26,742 7,080 umber of em ees The average number of employees, includin£ the mlnlster of the con8regatloft, durin8 the vear was;. 2023 2022 Average number of employees There we no employees tn receipt of employee benefits In excess of £60,000. Themlnlster of the eongregatlon Is an employeeof the Presbyterian Church in Ireland, which is a separate charlty and has not been refiected In the emplDyee costs above. The congregatlon pays an assessment to the Presbyterian Chuch In IrRland for the mlnister,. The followiDA payments were made durlngthe year: 202Y 2022 Mlnlster stipend 44,519 .44,519 41,923 41,923 17 CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRES8YtERIAN URC E￿N NOTES TO THE ACCOUNTS 31 DECEMBER 2023 10 PEN510N COSTS The mlnlster of the congregation is a melnber of the Presbyterlari Church in Ireland Penslon Scheme120091. This is a sch¢me operated by the Presbyterlan Chutch in Ireland, a separate reglstered charity. The congregatlon pays an assessment to ihe Presbyterian Church in Ireland equivalent to the employer's pension contributlon for the Scheme and based on the stlpend paid to the minster. The Presbyterlan Church in Ireland Pension Scheme (20091 is a funded scheme of the defined beneflttype, providing defined benefits based on career average revalued salary. The scheme has assets held In a Separately adminlstered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a fundlng plan to ensure the Scheme 15 sufficlently funded to meet current and future obll8atlons. A formal Schedule of contrlbution5 wa5 drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2U15 contributlons of 24% of penslonable salaries to cover the accrual of beneflts lor future servlce, expen5e5, the cost of Insurlng death In servlce beneflts and fundlng the 5theme deflclt. The contrSbutlons made by the congregatlon durlng the year were.. TOTAL FUNDS 2023 TOTAL FUNDS 2022 Contrlbutlons 10,828 10,062 The congregatlon contributes tu a deflned contrlbution penslon 5theme for Its other employees. The scheme and its assets are held by the Natlonal Employment savings Trust Corporatlon (NESTI. The pension charge represents the contributlons due from the tongregatlon during that year. TOTAL FUNDS 2023 TOTAL FUNDS 2022 Contrlbutionj 263 18 CUNNINGH M MEMORIAL.CONGREGATION O THE PRESB ER ANC URCH IN NOTES TO THE ACCOUNTS YI DEtEMAER 2023 11 TANGIBLE FIXED ASSETS LAND & BUILDINGS EQUIPMENT TOTAL. COST OR VALUATION At start of year Additions Disposals 8,705,262 212.340 8,917,602 180,000) 180,0001 .At end of ypar 8,625,262 212,340 8.837.602 DEPRECIATION At start of year Provlsion for year Disposals. At eDd of year NET BOOK VALUE At start of year ,705,262 212,340 8,917,602 At end of year 8,625,2F2 212,340 8,837.602 12 DEOTORS 2023 2022 Gift ald recoverable Prepayments Other debtors 39,407 8,143 47,550 46,798 19 CUNNING RIAL CONGREG TION OFTHE PRESB Rl IN IRELAND NOTES TO THE ACCOUNTS . 31 QECEMBER 2023 13. CA5H.AT BANK AND IN HAND 2023 2022 Genpral account RepalrAccount Sunday School Yourtg at HeartlFrlendshlP Hout SportsPIus Harvest Collectlon Parents and Toddlers Presbytèrlan Women Connect Youth Fellowshlp Mldweek Fellowshlp Caterin8 Bowllng Club Chlldrens Soclety Unlted Appeal World Development ECM Endownient Fund 173,759 96,882 615 235 5,836 2,941 496 1,199 200 602 13,218 1,355 25 3,816 476 121 8,800 310,586 166,12Z 3.1.104 È59 255 5,860 322 576 156 1,131 13,283 1,06 844 8,800 230,376 14 CREDITORS: amounts falllng due wlthlh one year 2023 2022 Credltors and Accruals 9,740 9,740 3,374 3,374 .20 CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYfERIAN CHURCH IN I NOTES TO THE ACCOUNTS 31 DECEMBER 2023 15 FUND BALANCES AND RECONCILIATION OF FUNDS BALANCE AT START INCOME EXPENDITURE TRANSFER BALANCE AT ENQ UNRESTRicfED FUNDS General fund Property fund 213,994 soo,000 181,999 (171.538) {1,037) 223,418 500,000 713,994 181,999 1171,5381 11,037) 723,418 RESTRICTED FUNDS Property fund Repair fund Sunday school Young at hearr/Frlendshlp Houf Sports Plu5 Parents and toddlers pw. Youth Fellowshlp Mldweek Fellowship CunSn8ham Caterlng Èowling Club United Appeal and Mission European Christian Misslon- Colin & All. Holmes Chlldren & Orphan.Soclety World Development MERF European Misslon F'ship Harvest Collection Moderator's Appeal Students Bursery Remembrance dav Dorcas Mlnlstrles Sam Hutchlpson Appeal 8,405.262 38,998 858 255 5,860 322 576 156 1,131 13,283 1,064 132,6631 (31.234) (1.878) (1.7731 (289) (735) (4,280) 14571 {8001 1651 52 124,773) (47,3371 47,337 8,325,262 103,901 616 235 5.836 497 1,314 199 602 13,218 1,356 123 48,800 1,636 1,217 265 910 5,017 537 500 271 240 24.528 (1.447) (1,7591 12,295) {4401 14811 {5,0691 (4,4891 (673) {735) (570) 11,048) 121 25 475 1,784 2,295 475 5,069 4,489 673 735 570 l.Q48 8 468,608 102.036 1117,901) 8,453,780 ENDOWMENT FUNDS Endowment fund 8,8CIQ 8.800 .8,800 8,800 YOTAL FUNDS 9,191,402 284,035 (289,4391 9,185,998 21 tUNNINGHAM MEM AL CONGREGAT OF THE PRESBYfERIAN CH LAND NOTES TO THE ACCOUNTS 31 DECEMBÉR 2023 I& RELATED PARTYTRANSACnON Onè Df the Trustees. the mlnlster of the congreeation recelved remuneration of £44,517 and ¢¥penses of £6,701 for acting In that capacity. Pension contributions of £10,828 were paid by the congregatlon In respect of the mlnlster to the Presbyterian Chvr¢h in Ireland Pen51on Scheme {2009). Durin8 the year the con8regation contrlbuted the followlng amounts to Fund5 of the General Assembly of the Presbyterian Church in Ireland a separaté charity: £18,119 forcongregatlonal assessments £21,080 toward5 the Unlted Appeal The ¢ongre8atlon contrlbuted £847 towards Presbytery Assessments durlng the year. There were no other related party transactions.