Charlty Reglstration No. NIC105565
DRUMREAGH PRESBYTERIAN CHURCH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

DRUMREAGH PRESBYTERIAN CHURCH
CONTENTS
Page
Charity information
statement of Trustees responsibililies
Independent examlnerfs report
Statement of financial activities
Balance sheet
Notes to the financlal statements
7-15

DRUMREAGH PRESBYTERIAN CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Rev. Richard Murray
Mr J Walker
Mr W Fulton
Mr J Christie
Mr C Nevin
Mr C T Scoll
Mr T J Craig
MrRJHenry
Mr R Eakin
Mr W Eakln
Mr D McBride
Mr James Gault
Charity number
NIC105565
Principal address
104 Bann Road
Ballymoney
Co. Anlrim
BT53 7NA
Independent examiner
Dr R I Pelers Gallagher, OBE. FCA
Moore {Nl) LLP
32 Lodge Road
Col8raine
Co Londonderry
BT52 1NB
Bankers
Danske Bank
1-2 Broadway
Ballymena
Co. Antrim
BT43 7PE

DRUMREAGH PRESBYTERIAN CHURCH
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees are responsible for preparing the Trustees Report and the accounls in accordance with applicable law
and United Kingdom Accounting Standards (Uniled Kingdom Generally Ac￿pted Accounling Practice).
The law applicable lo charities In Northern Ireland requires Ihe Trustees to prepare accounts for each financial year
which give a true and faif view of the stale of affairs ol the Church and of the incoming resources and application of
resources of the Church for that year.
In preparing these accounts, the Trustees are required to:
select suitable accounting policies and then apply them consistently:
observe the methods and principles in the Charilies SORP:
make judgements and estimate5 that are reasonable and prudent.
slate whether applicable accounting slandards have been followed, subjecl to any material departures disclosed
and explained in the accounts: and
prepare the accounts on the going concern basis unless it is inappropriate to presume Ihat the charily will continue
in operation.
The Trustees are responsible for keeping suflicienl accourlting records that disclose with reasonable accuracy at
any lime the financial position of the Church and enable them to ensure that the accounts comply with the Charities
Act 2011, the Charily (Accounts and Repoilsl Regulalions 2008 and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the preventlon and
detection of fraud and other Irregularities.
Statement as to disclosure to our examlners
In so far as the Trustees are aware at the timing of approving our Trustees, annual report:
there Is no relevanl audit information of which the charitable company's audltor is unaware- and
the Trustees have taken all steps that they ought lo have taken lo make themselves aware of any relevant
information and to establish Ihal the Church's independenl examiner is aware of that informalion.
Independent Examlners
Dr R I Peters Gallagher, of. Moore (Nl) LLP, have indicated her willingness to continue in office, and a resolution
concerning her reappointment will be proposed at the Truste&s meeting on 7th June 2022.

DRUMREAGH PRESBYTERIAN CHURCH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DRUMREAGH PRESBYTERIAN CHURCH
I report on the accounls of the Church for the year ended 31 December 2022, which are set oul on pages 4 to 15.
Respective responslblllties of Trustees and examiner
As Ihe charity's Iruslees you are responsible for the preparation of the accounls In accordance with Ihe Charities
Acl (Nofthern Ireland) 2008.
It Is my responsibility to..
examine the accounts under section 65 of Ihe Charities Act
lil) follow the procedures laid down in the general directions given by the Charity Commission for Northem
Ireland under section 65{9){b) of the Charities Act
(lil) to stale whether particular matters have come lo my attention.
Basls of Independent examlner's report
I have examined your charity accounts as required under seclion 65 of the Charities Act and my examination was
carried out In accordance with the general Directions given by the Charity Commission for Northern Ireland under
section 65{9){b) of the Charities Act. The examination included a review of the accountlng records kept by the
charity and a comparison of the accounls presented wilh those records. 11 also included consideration of any
unusual items or disclosures in Ihe accounis, and seeking explanations from you as charily truslees concerning
any such matters.
My role is to stale whelher any material matters have come to our allenlion giving us cause to believe:
1. That accounting records were nol kept in accordance wilh section 63 of the Charities Acl
2. That the accounts do nol accord wilh Ihose accounling records
3. That the accounts do nol comply with the accounting requirements of the Charilies Acl
4, Thal there is further information needed for a proper understanding of Ihe accounts to be reached.
Independent examlner's statement
Since your charily's gross income exceeded £250,000 your examlner musl be a member of a listed body. I can
confirm that am are qualified lo undertake the examination because l am regislered as a member ol Chartered
Accountants Ireland which is one of the listed bodies.
I have completed my examination and have no concerns In respect of the matters (1) 1014) listed above and, in
connection with following the Directions of the Charity Commission for Northern Ireland. I have found no matters
that require drawing lo your attenlion.
R.9. fkn lJ¥l
Dr R I Peters Gallagher, OBE, FCA
Chartered Accountant
Moore INI) LLP
32 Lodge Road
Coleraine
Co Londonderry
BT52 1 NB
Dated,. 31 May 2023

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DRUMREAGH PRESBYTERIAN CHURCH
BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Flxed a88et8
Tanglble assets
11
2,831.122
2.424,122
Current a889ts
Deblor8
Cash at bank and In hand
12
38,786
233,267
36,552
189,120
272,043
225,672
Crodllord: amount8 falllng due wlthln
one year
14
146,124)
(95,416)
Net current 0È8et8
226,919
130,267
Total 0880tJ 1088 ¢urront118blllllo•
3,067,041
2,564,379
Credltorn: amounts falllng duo after
moia than one yoar
16
<344,625)
2,554,379
Nel a88ets
2.712,416
Incomg fund8
Re81rlcted fund8- general
Reslrlcted lunds- deslgnaled
Unrestrl¢l8d funds
2,263,063
10,000
439,363
79,340
2,476.039
2.712,416
2,564,379
Dromore Pre$byterlan Church h88 merged with Drumreagh Pie8byterlan Church and wa8 dlo8olved al 31110122. On
7111122 £122,726.72 was Iransferred to Drumreagh Presbyterlan Church- £25,601 of Ihl818 unr88lrl¢led fund8.
É10.00018 to be held by Drumreagh for Ihe upkeep of Moody Grave. The remalnder 58 lo be tran8ferred lo
Drumreagh Bulldlng Fund.
The balance of £18,699.07 in Progre881ve Bulldlng Soclety Is to be held unt51 maturlty on 2718123. Thls gmount along
wllh Interest recelved wlll be Iranslerred to Diumreagh Pre8bylerlan Chuch Bulldlng Fund. The Church A88el•
Includlng th& Chur¢h, hall and land will conllnue to be held by Oromono Pre$byterfan Church. When the80 aro 801d,
Ihe proceeds wlll be donated to DNmreagh Presbyleilan Church.
The Ilnanclal statements were approved by the Trusteeg on 31 May 2023
Mr J Walker
Truste•
Tru81è8
-I,kn /L.

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting pollclès
Charlty Information
Drumreagh Presbyterian Church is a unincorporated entily govemed by a Constitution.
1.1 Accountlng conventlon
These accounls have been prepared in accordance wilh FRS 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland" ("FRS 102.). "Accounting and Reporting by Chaiilies" the
Statement of Recommended Practice for charities applying FRS 102, the Charilies Acl (Norlhern Ireland)
2008 and UK Generally Accepted Accounling Practice as il applies from 1 January 2015. The Church is a
Public Benefil Enlity as defined by FRS 102.
The financial slatements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
lh8 extent required lo provide a true and fair view. This departure has involved following the Stalement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred io in the Regulalions bul which has since been wilhdrawn.
The financlal statements are prepared in sterling, which is the functional currency of the Church. Monetary
amounts in these financial slalements are rounded lo the nearest £.
The financial slatements have been prepared under Ihe historical cost convention, lfflodified to Includ6 the
revaluation of freehold properlies and lo include investment properlies and certain financial instruments at fair
valuel- The principal accounting policies adopled are sel oul below.
1.2 Going concern
At the lime of approving the financial slatemenls. the Trustees have a reasonable expeclalion that the Church
has adequate resources lo continue in operalional exislence loi Ihe foreseeable future. Thus the Tru51ees
continue to adopt the going concern basis of accounting in preparing Ihe financi81 slatements.
1.3 Charitabl& funds
Unrestricted funds are available for use al the discrelion of Ihe Twstees in furtherance of their charitablè
objectives.
Reslricled funds are subject to specific conditions by donors as lo how they may be used. The purposes and
uses of the restricled funds are sel oul in the notes to the financial statements.
Endowment funds are subject to speciflc condilions by donors that the capital musl be malnlained by the
Church,
1,4 Income
Income is recognised when the Church is legally enlilled lo it afler any performance conditions have been
met, the amounts can be measured rellably, and il is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Church has been notified
of the donation, unless performance condilions require deferfal of the amounl. Income lax recoverable in
relation to donations received under GiftAid or deeds of covenanl is Tewgnised al the time of the donalion.
Legacies are recognised on receipt or 01he￿iSe if the Church has been nolified of an impending dislribulion.
the amounl is known, and receipt is expected. If Ihe amount is not known, the legacy is treated as 8
contingent asset.
1.5 Expenditure
These accounts for the year ended 31 December 2022 for Drumreagh Presbyterian Church are prepared in
accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible lixed assets are initially measured at cosl and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation Is recognised so as to wrile off the cost or valualion of assets less their resldual values over their
useful lives on the following bases..
Freehold land and buildings
Fixtures and filtings
2Yo reducing balance
4Yo - 20Yo reducing balance
The gain or10ss arising on the dlsposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the stalemenl of financial aclivilies.
1.7 Impairment of fixed assets
At each reporting end date, the Church reviews Ihe cariying amounts of ils tangible assets lo determine
whether there is any indication thal Ihose assets have suffered an impairment loss. If any such Indication
exists, the recoverable amount of the asset is estimated in order lo determine Ihe extenl of the Impairment
loss lif any).
1.8 Cash and cash equlvalents
Cash and cash equivalenls include cash in hand, deposits held at call with banks, other shorl-lerm liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabililies.
1.9 Flnanclal instruments
The Church has elected to apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12
'Olher Financial Instruments Issues, of FRS 102 lo all ol ils financial instruments.
Flnancial Instruments are recognised in the Church's balance sheet when the Church becomes party to the
contractual provisions of the instrument.
Financial assets and liabllities are offset, wllh the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there Is an intention lo settle on a nel
basis or to realise the asset and settle the liability simultaneously.
Baslc financial assets
Basic financial assels, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amorlised cost using the effective
inleresl method unless the arrangement constilulés a linancing Iransaclion, where the transaction is
measured at the present value of Ihe future receipls discounled al a mafkel rale of interest.. Financial assets
classified as receivable within one yeaf are not amortised.

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policies
(Continued)
Baslc financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangemenl conslilules a financing transaclion, where the debt instrument is measured al the present
value of the future payments discounted al a market rale ol inlerest. Financial liabilities classified 8$ payable
wilhin one year are not amorliged.
Debt instruments are subsequently carried at amortised cost. using the effective interest rale method.
Trade credltors are obligations lo pay for goods or seNices thal have been acquired in the ordlnary course of
operations from suppliers. Amounls payable are classified as current liabilities if payment is due within one
year or les5. If not, they are presented as non-currenl liabilities. Trade crèditors are recognised initially al
transaclion price and subsequerltly mea5UTed at amortised cosl using Ihe effective interest method.
Derecognltlon of financlal Ilabllitles
Financial liabilities are derecogni5ed when the Church's contractual obllgalions expire or are discharged or
cancelled.
1.10 Employee beneflts
Termination benefits are recognised immediately as an expense when the Church is demonslrably commilted
to terminate the employment of an employee or to provide terminatbon benefits.
Crltlcal accounting estimates and judgemenls
In the application of the Church's accounting policies. the Truslees are required lo make judgements,
eslimales and assumptions aboul the carrying amount ol assels an(1 liabilities that are not readily apparent
from olher sources. The estimates and associaled assumptions are based on liislorical experience and olher
factors that are considered lo be relevant. Actual results may differ from Ihese eslimales.
The eslimates and underlyin9 assumptions are reviewed on an ongoing basis. Revisions lo accounting
eslimales are recognised in Ihe period in which Ihe estimate is revised where the revision affects only Iliat
period, or in Ihe period of the revision and luture periods where the revision affecls both currenl and future
periods.
Charitable activitles
Charltable Charltable
Income
Income
Heading 1 Heading 1
2022
2021
Charilable rental income
700
700

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Investments
Unrestrlcled Restricted
funds
funds
general
2022
Total Unrestrlcted Restricted
funds
funds
general
2021
Total
2022
2022
2021
2021
Interest receivable
494
315
809
873
116
989
Donations and legacies
Unrestricted Restricted
funds
funds
general
Total
2022
Total
2021
Donations and glfts
other
134,765
134,765
186,697
126,818
167,426
186,697
134,76S
186,697
321,462
294,244
For the year ended 31 December 2021
126.818
167,426
294,244
Other Income
Unrestrlcted Restrlcted
funds
funds
general
2022
Total Unrestricted Reslricled
funds
funds
general
2021
Total
2022
2022
2021
2021
other income
24
9,438
9.462
489
8,532
9,021
io-

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTSICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Charitsble activitles
2022
2021
Slaff costs
Depreciation and impairment
Rental properly expenses
Cleaning and catering
Missions and other groups
Repairs and maintenanca
Insurance
Heat and Light
Admin costs
Stationery and printing
Rates
Financlal charges
General expenses
69,002
82.110
2.763
71,U80
55,810
282
294
39,163
2,226
5,413
5,194
4,543
2,332
1,812
4.026
7,041
45,286
26,508
5,621
13,312
5,589
3,183
2,045
17,146
24,558
297,123
199,216
297,123
199,216
Analysls by fund
Unrestricted funds
Restricted fund5 - general
139,721
157,402
297,123
For the year ended 31 December 2021
Unrestricted funds
Reslricled funds - general
166,957
32,259
199,216
Trustees
None of the Trustees lor any persons connected wilh them). other than Rev. Richard Murray, received any
remuneration or benelils from the Church during the year.
Employees
The average monthly numbef of employees during the year was..
2022
Number
2021
Number
11

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Employees
{Continued)
Employment costs
2022
2021
Wages and salaries
69,002
71,080
There were no employees whose annual remuneration was mre than £60,000.
Drumreagh Presbyterian Church has one employee which is the Music Coordinator. Staff cos15 include the
cost of the Music Coordinator, the ministers, wages and caretaker costs. Although the wages of are paid by
Drumreagh Presbyterian Church. the minister of the church is an employee ol the Presbylerian Church in
Ireland, and is Iherefore not reflected in the employee numbers of Drumreagh Presbyterian Church.
10 Net gain51(lossesl on investments
Total Unreslricled Restricted
funds
funds
general
2021
Total
2022
2021
2021
Galnllloss) on sale of investments
(37,675)
(58,953)
{96,628)
The Presbyterian Mutual Society investment balance of £96,627.44 Ihat the church held was written off In
2021 due to the asset realisations from PMS not being completed as originally intended.
11 Tanglblè flxed assets
Freeholdlond Flxturès and
and bulldlngs
flttlngs
Total
Cost
At 1 January 2022
Addilions
2,506.331
383,941
130,767
105,168
2,637,098
489,109
At 31 December 2022
2,890,272
235,935
3,126,207
Depreciation and impairment
Al 1 January 2022
Depreciation charged in the year
155,158
53,086
57,817
29,024
212.975
82,110
At 31 December 2022
208,244
86,841
295,085
Carrying amount
At 31 December 2022
2,682,028
149,094
2,831,122
At 31 December 2021
2,351.172
72,950
2,424,122
12-

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
12 Debtors
2022
2021
Amounts falling due within one year:
Trade debtors
38,786
36,552
13 Loans and overdrafts
2022
2021
Bank overdrafts
Bank loans
89,103
382,917
382,917
89,103
Payable wilhin one year
Payable afler one year
38.292
344,625
89,103
14 Creditors: amounts falllng due within one year
2022
2021
Notes
Bank loans and overdrafts
Trade creditors
13
38,292
7,832
89,103
6,312
46,124
95,415
15 Creditors: amounts falling due after more than one year
2022
2021
Notes
Bank loans
13
344,625
16 Designated funds
The income funds of the charity include the following desbgnaled funds which have been set aside out of
unrestricted funds by the Irustees for specific purposes:_
- £10,000 held by Drumreagh for the upkeep of Moody Grave.
13-

¢D
P4

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
18 Analysls of changes in net debt
At 1 January
2022
Cash flows At 31 December
2022
Cash at bank and in hand
Bank overdrafls
189,120
{89,103)
44,137
89,103
233,257
100,017
133.240
233,257
Loans falling due within one year
Loans falling due after more than one year
(38,292)
(344,625)
{38,292)
1344,6251
100,017
(249,677>
(149,660)
15-