ids
Charity Registration No: NIC105586
charteted accountant5
PORTRUSH PRESBYTERIAN CHURCH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
IDS Chartered Accountants LLP
Chartered Accountants
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1BG

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
CONTENTS
Page
Legal and administrative information
Trustees, report
Independenl examiner's report
Staternent of financial activities
Statement of financial position
10
Notes to the financial statements

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr B G H Simpson
Mr R S Medcalf
Mr S A Mccartney
Mr W A Duncan
MrWRDunn
Professor J H Gillespie
Mrw C Harpur
Rev J A Kirkpatrick
Mr S Medcalf
Mr D Mcmillan
Mr W S Peake
Mr S P Vandevyver
Mr R Scoti
Rev P Boyd
(Appointed 29 April 2022)
Charlty number
NIC105586
Prlnclpal address
3.. 16 House
3 Main Street
PORTRUSH
Co Anlrim
BT56 8BL
Independent examiner
IDS Chartered Accountants LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1 BG
Bankers
Danske Bank
22 The Diamond
COLERAINE
Co Londonderry
BT52 1 DE
Solicitors
Anderson Gillan Barr Ltd
Solicitors
41 New Row
COLERAINE
Co Londonderry
BT52 1AE

PORTRUSH PRESBYTERIAN CHURCH
ids:
chartered accountants
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their annual report and financial statements for the year ended 31 December 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the book of the constitution and government of the Presbyterian Church in
Ireland, the Charities Act (Northern Ireland) 2008 and "Accounting and Reporting by Charities.. 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 IFRS 102)" (as amended for accounting periods
commencing from l January 2016).
Objectives and activitles
Portrush Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church
in Ireland, as a Reformed Church within the wider body of Christ, is grounded in the Scriptures, and exists to love
and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play their
part in fulfilling God's mission lo our world.
The Charittys mission is..
disciples of Jesus Chrlst.
For the Glory of God to present the gospel so that others will become true
To make this rnission a reality, the Chanty 15 committed to the only God-given means of achieving il - the Word of
God taught and preached simply, compassionately. and faithfully.
This mission guides the Charity's Wision, which is to see as many people of all ages come to a personal
relationship wlth Jesus Christ and growto become Useful Active Servlng members of HIS church.
The congregation normally meets for worship every Sunday and visitors are welcome to join. It provides a
centre for worship for the many visitors who come to Portrush throughout the year. The Sacrament of the Lord's
Supper is observed on eight occasions during the year. All those who have been baptised and who have rnade a
profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation hdds regular
Bible study meetings and prayer meetings, and has a wide range of organisations including.
Sunday School
Youth Fellowship
Boys, Brigade
Girls, Brigade
Tea and Tots
Presbyterian Women
Choir
Craft Group
Bowling Club
New Beginnings.. a Gharity shop as a community seNice
Achlevements and performance
Worship and prayer
The congregation normally meets for worship each Sunday at 11 am and 6.30pm. During the week a range of
Bible study groups provides an opportunity for members to meet together for fellowship, to study the Scriptures,
and for a time of prayer.
As well as our regular services during the year we acknowledged God's gift of new life at four Sacraments of
Baptism, gave thanks for faithful service, and sought to comfort those who had been bereaved during the year.
At 31 December 2022 there were 243 communicant members and 189 families connected with the congregation.
The average attendance at morning worship averaged 250 throughout the year. Online attendance, an imprecise
measure, varied between 200 & 250.

PORTRUSH PRESBYTERIAN CHURCH
ids,
chartered accountants
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Pastoral care
Members of the congregation who are unable to attend church due to sickness or age are visited on a regular
basis by the minjster. elders or by one of the congregation's pastoral vlsitors subject lo Covid regulations. Video
and audio recordings of the morning Servi￿ are distributed weekly to those unable to attend, and communion
servitss held. as appropriate, in people's homes. Since the beginning of the pandemic, all in-person rllorning
services have been live-streamed. Counselling is available for all members of the church family, as required, and
is provided by members of the Ministry team, and there is a strong emphasis on the distribution of practical
support for those in need.
Mission and outreach
At a local level our mission is expressed by our worship, which is a key element of expressing our love for God.
Our worship is therefore inclusive of age and style, and allows those whom God has so gifted to creatively
express their love by these gifts.
We promote fellowship within the church and encourage each member lo see hislher responsibility to be a
catalyst for fellowship, caring, sharing, praying, encouraging, and visiting. This also challenges us as to our
responsibility to develop fellowship with Christians outside our church. This is the basis for our outreach to the
whole local community in caring service and evangelism, not only as individuals and families, but through the
activities of the organisations listed above and below.
The congregation supports the United Appeal for Mission, which is a central fund of the Presbyterian Church in
Ireland. This fund enables congregations lo support the wider mission of the denomination and to do mission
and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal
Fund provides financial support for mission personnel at home and overseas, assists congregations with the
deployment of locally based staff, enables church planting, provides grant support for the upkeep of church
premises, assists with the running costs of Union Theological College, the church's training college for ministry
students, and financially supports congregations in the areas of worship, discipleship, global mission, outreaGh,
leadership and pastoral care.
Presbytery
The congregation was represented at the regular meetings of Presbytery by our minister andlor one of the
elders. This provides an important link between the congregations and the wider structures of the church.
General Assembly
The minister and one of our elders were nominated to attend the meeting of the General Assembly of the
Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June.
Property
Commencing in 2017 the congregation completed the renovation and refurbishment of No 14 Mark Street, the
former home of our caretaker, in order to provide acGommodation for charitable purposes, community support
and the wider ministry ofthe church. The project was completed in 2018.

PORTRUSH PRESBYTERIAN CHURCH
ids
chartered accountants
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Organisations
In addition lo our Sunday School, our Youth Fellowship and our Home Bible Study Groups, there are a nurnber of
thriving organisations. In-person activities for these organisations resumed in early autumn as pandemic
restrictions eased. Our Home Bible Study Groups and Youth Fellowship met online in the earlier part of the year.
The local branch of Presbyterian Women met monthly during autumn and winter in support of missionary and
discipleship work in the church. Our Girls, Brigade Company meets each Monday with, on average, thirty girls of
ages from four to eighteen attending. Our Boys, Brigade Company meets each Friday during the autumn and
winter terms, with over twenty five boys of the same age range regularly attending Each organisation provides a
range of activities of games, crafts, Bible teaching, and so on. Our Tea and Tots group meets every Friday
morning in our halls. Fifteen children and their carers are regular attenders. These organisations have
participants from throughout the community. as does our Bowling Club, which meet once a week in our halls with
between fifteen and twenty regular attenders. We also have a craft group with a dozen members, who make
craft items to distribute to those in need both at home and abroad.
Reality 3'.16, our Worldview programme, met regularly throughout the year. in person in Reality 3..16 House, with
participants from all over the province engaging in significant study of the Christian faith in relation to our modern
world.
Volunteers
The Trustees wish to acknowledge their deep appreciation of the more than one hundred church Members and
others who give freely of their time by serving on committees and helping with these organisalions and other
church activities.
Public Benefit statement
The Presbyterian Church in Ireland meets the public benefit requirernenl by providing benefit lo its members and
the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancemenl of
religion.
The direct benef1ts which flow from the purposes of the Church include the gaining of an understanding in
Christian beliefs as set out in the Bible and in the Church's subordinate standards {the Westminsler Confession
of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for
response to Bible teaching. In turn, this framework leads to practical expressions of Christian beliefs and
standards in the local community, such as through the care of those in need {including the sick, disabled and
bereaved}.
Generally, the above benefits are delivered locally by congregations and their members, or are facilitated through
presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost
all cases. Public access is made known through the use of noticeboards, printed material, press advertisement,
websites, and social media or in other ways.
The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from
members, their farnilies, and members of the public.
The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers,
Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their
holding office or employment. However, this is incidentsl and necessary in order to further our charitable
purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families,
other individuals with whom the Presbyterian Church in Ireland is in direct and indirect contacl, the community in
which pastoral services are provided and other communities throughout Northern Ireland, the Republic of
Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular
organisations, charities and individual members of the public.

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
The Kirk Session has had regard to the Charity Commission's public benefit requirement statutory guidance.
The congregation of Portrush provides facilities for other Churches and Christian groups from far and wide for
trips and events, and for conference facilities.
The Ghurch also maintains, through the efforts of our Property committee, the extensive Grade 2 buildings on our
Main Street Portrush sile, which represent some of the most important heritage buildings of the town and area.
Financial review
The congregation's main source of income is members, contributions through the Weekly Freewill Offering.
There were 126 contributing families during the year12021: 1231 donating a total of £112.31712021.' £112,797).
Total income of the congregation during the year was £257,666, compared to £246,747 in the previous year.
Total expenditure increased from £225,201 to £237,430.
Golng concern
The activities of the congregation are dependent on ongoing contributions from its members. The Trustees are
of the opinion that the congregation has sufficient resources at the date of approval of these fnancial statements
to meet commitments which will arise in the year from the date of signing this report and subject to the continuing
support from members to fund on an ongoing basis the congregation's current activities and other financial
commitments.
Reserves policy
The Trustees have considered the level of unrestricted reserves that it is appropriate to hold taknng account of
current and ongoing commitments. It is the policy of the Trustees to hold al least one month's normal
expenditure. Al the year-end unrestricted reserves were £39,044, which represents a higher level of reserves
than required by this policy. The Trustees however, consider it prudent to hold reserves at this level as the
funding of its present activities is dependent of the ongoing financial support of members.
Risk review
A review of major risks has been undertaken by the Trustees and systems and procedures implemented to
manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial
rtsks associated with the expectation of ongoing financial support from members. These risks are mitigated by
the Trustees and the Congregational Committee regularly monitoring the various activities of the congregation at
slated meetings and by encouraging members in their regular giving.
Structure, governance and management
The Charity is an unincorporated organisation.
The Trustees who served during the year and up to the date of signature of the financial statements were..
Mr B G H Simpson
Mr R S Medcalf
Mr J A Warke
Mr S A Mccartney
Mr W A Duncan
MrWRDunn
Professor J H Gillespie
Mr W C Harpur
Rev J A Kirkpatrick
Mr S Medcalf
Mr D Mcmillan
Mr W S Peake
Mr S P Vandevyver
Mr R Scott
Rev P Boyd
(Deceased 16 November 2022}
(Appointed 29 April 2022)

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
The Kirk Session
The charity Iruslees of the congregation are the members of its Kirk Session. Under the congregation's
governing document, The Code, the book of the constitution and govemmenl of the Presbyterian Church in
Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of
persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in
the congregation and seeks lo further the contribution of the Church lo Christian witness and service in the local
community. The Kirk Session has delegated to its Congregational Committee the ternporal affair5 of the
congregation including administering all funds and property belonging to the congregation. Members of the Kirk
Session are ex-officio members of the Congregational Committee.
The Kirk Session consists of the ordained minister and the ruling elders of the congregations. All members are
entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the minister in active
duty in the congregation, has no deliberative but only a casting vote.
Stated meetings of the Kirk Session are held at least five times a year.
To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular
attendant on its ordinances. The selection of those proposed to be called to the office can be either by the
congregation or by the Kirk Session. Members are elected if the obtain two-thirds of those who vote.
Presbytery
Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the
responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations
assigned to it by the General Assembly of the Presbyterian Church in Ireland. Portrush Presbyterian Church has
been assigned lo the Coleraine & Limavady Presbytery of the Presbyterian Church in Ireland. The membership
of the Presbytery consists mainly of the aCt￿ve ministers of congregations assigned to it by the General Assembly,
ministers who have retired from active duty, and an elder appointed by the Kirk of Session of each congregation.
The General Assembly
The General Assembly is the supreme court of the Church, representing, in one body, the whole Church, and
acting as ils supreme legislative, administration and judicial authority in dealing with all matters brought before it.
The General Assembly is normally constituted in June for worship and to conduct its business At the end of
business it is dissolved. The membership of the General Assembly consists mainly of the active ministers of
each congregation, retired ministers and a representative elder appointed by the Kirk Session of each
congregation.
The Trustees, report was approved by the Kirk of Session and signed on its behalf by
Professor J H Gillespie
Trustee
Dated.. 28 February 2023
Rev P Boyd
Trustee
Dated.28 February 2023
4vO4
14 6yA

PORTRUSH PRESBYTERIAN CHURCH
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chartered accountants
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PORTRUSH PRESBYTERIAN CHURCH
I report to the Trustees on my exarnination of the financial slalemenls of Portrush Presbyterian Church {the Charity)
for the year ended 31 December 2022.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with
the requirements of the Charities Act (Northern Ireland) 2008 Ilhe 2008 Act).
It is my responsibility to..
examine the accounts under section 65 of the Charit1es Act (Northern Ireland) 2008.,
follow the procedures laid down in the general Directions given by the Charity Commission for NOr￿ern
Ireland under section 65191(bl of the Charities Act., and
state whether particular matters have come lo my attention.
Independent examiner's statement
Since the Charity's gross income exceeded £250,000 your examiner rnusl be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Chartered
Accountants Ireland, which is one of the listed bodies.
Your attention is drawn to the fact Ihat the charity has prepared financial statements in accordance with Accounting
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement
of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been
withdrawn.
l understand that this has been done in order for financial statements to provide a true and fair view in accordance
with Generally AC￿pted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 63 of the 2008 Act,. or
the financial slalements do not accord with those records., or
the financial statements do not comply wilh the applicable requirements concerning the form and content of
accounts set out in the Charities Act (Northern Ireland} 2008 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 financial statements to be reached.
Alison Wallace
IDS Chartered Accountants LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1 BG
Dated.. 28 February 2023

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PORTRUSH PRESBYTERIAN CHURCH
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STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022
2022
2021
Notes
Fixed assets
Property. plant and equipment
Investment properties
Investments
15
16
17
1,080,000
223,859
109,866
1.080,000
223,859
119,708
1,413,725
1,423,565
Current assets
Trade and other receivables
Cash at bank and in hand
18
3,933
209,928
3,590
190,024
213,861
{7601
193,614
(748)
Current liabilities
19
Net current assets
213,101
192,866
Total assets less ¢urrent liabilities
1,626,826
1,616,431
Capitsl funds
Endowment funds - general
Income funds
General restricted funds
Revaluation reseNe
71,055
73,449
285,598
1,231,735
283,386
1,231,735
1,517,333
38,438
1,515,121
27,861
Unrestricted funds
1,628,826
1,616,431
The financlal statements were approved by the Trustees on 28 February 2023
Professor J H Gillespie
Trustee
Rev P Boyd
Trustee
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PORTRUSH PRESBYTERIAN CHURCH
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chartered accountants
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policies
Charity information
Portrush Presbyterian Church is an unincorporated charity operating in Northern Ireland.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charities Act (Northern Ireland) 2008
and Accounting and Reporting by Charities. 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 1021" (as amended for accounting periods commencing from 1 January 2018}. The
Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value. The principal accounting policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial slatemenls. the Trustees have a reasonable expectation that the Charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue lo adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available tor use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purpses and
uses of the restricted funds are set out in the notes lo the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
Charity.
1.4 Incomlng resources
Income is recognised when the Charity is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or othetwise if the Charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
Assets for distribution are recognised only when distributed. Assets given for use by the Charity are
recognised when receivable. Stocks of undistributed donated goods are not valued for balance sheet
purposes.
Revenue is measured at the fair value of the consideration received or re￿[Vable and represents amounts
receivable for goods and services provided in the normal course of business, net of discounts.
11

PORTRUSH PRESBYTERIAN CHURCH
ids:
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policies
(Continued)
1.5 Resources expended
Liabilities are recognised as soon as there is a legal or constructiv& obligation committirg the congregation to
pay out resources.
Governarice costs are shown within charitable activities and include the costs of preparation and examination
of accounls, the costs of trustee rneetings and cost of any legal advice lo trustees on governance or
constitutional mallers.
1.6 Property, plant and equipment
Property, plant and equipment are initially measured al cost and subsequently measured at cost or valuation,
net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
usefijl lives on the following bases..
Freehold land and buildings
Fixtures and fittings
Computers
00/0 Straight line
200/0 Straight line
250/0 Straight line
Land and buildings are valued al market value and are subject to regular revaluations every 3 years and, as
such, are not depreciated.
1.7 Investment properties
Investment property, which is property held to earn rentals andlor for capital appreciation. is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently
it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in
profit or loss.
1.8 Non-current Investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured al fair value at each reporting date. Changes in fair value are recognised in net
incomel{expenditure) for the year. Transaction costs are expensed as incurred.
1.9 Impairment of non-current assets
At each reporting end dale, the Charity reviews the carrying amounts of its tangible assets lo determine
whether there is any indication that those assets have suffered an impairrnent loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
1.10 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
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PORTRUSH PRESBYTERIAN CHURCH
ids,
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policies
(Continued)
1.11 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instrument5.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with 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 to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially
measured al transaction price including transaction costs and are subsequently carried at amortised cost
using the effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of nterest.
Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including trade and other payables and bank loans are initially recognised al
transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest. Financial
liabilities classified as payable within one year are not amortised.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or
cancelled.
Critical accounting estimates and Judgements
In the application of the Charity's accounting policies, the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects cnly that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
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PORTRUSH PRESBYTERIAN CHURCH
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chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Donations and legacies
Unrestricted Restricted
funds
funds
Total Unrestricted Restricted
funds
funds
Total
2022
2022
2022
2021
2021
2021
Donations and gifts
Grants received
129,232
67.125
2,600
196,357
2,600
120,612
79,756
2,800
200,368
2,800
129,232
69,725
198,957
120,612
82,556
203,168
Donations and gifts
Loose collections
Donations and gifts
GiftAid
Legacies and bequest
109,992
18,434
38,656
9.775
260
128.426
38,656
29,015
260
101,165
18,446
45,909
12,490
2,911
119,611
45,909
31,487
3,361
19,240
18,997
450
129,232
67,125
196,357
120,612
79,756
200,368
Grants received
EA Grant
2,600
2,600
2,800
2,800
2,600
2,600
2,800
2,800
Charitable activities
2021
Reality course
2,449
Other trading activitles
Unrestrlcted Restricted
funds
funds
Total Unrestricted Restricted
funds
fLfnds
Total
2022
2022
2022
2021
2021
2021
Church events, sale of
bookslCDslDVDslchurch
magazines, and New
Beginnings shop
1,045
33,566
34,611
320
23,570
23,890
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PORTRUSH PRESBYTERIAN CHURCH
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
other income
Unrestricted Restrlcted
funds
funds
Total Restricted
funds
2022
2022
2022
2021
other income
40
3,324
3,364
920
Raising funds
Unrestricted Unrestricted
funds
funds
2022
2021
FWO envelopes
606
606
606
606
Charitable activities
2022
2021
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donations to missions and charities
12,819
804
102,443
73,743
43,341
13,834
628
91,031
74,312
39,939
233,150
219,744
Share of governance costs (see note 10}
3.559
4,637
236,709
224,381
Analysis by fund
Unrestricted funds
Restricled funds
146,952
89,757
123,935
100.446
236,709
224,381
16-

PORTRUSH PRESBYTERIAN CHURCH
ids,,
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
10 Support costs
Support Governance
costs
costs
2022
2021
Annual reports
Accountancy
Professional fees
Advertising, printing, stationery and postage
Bank interest and charges
140
840
820
1,133
626
140
840
820
1,133
626
135
840
2,110
1,238
314
3,559
3,559
4,637
Analysed between
Charitable activities
3,559
3,559
4,637
11 Trustees
One of the Trustees, the minister of the congregation received remuneration of £49,52412021: £51,733) and
expenses of £5,195 {2021'. £7,661} for acting in that capacity. Pension contribution of £10,745 (2021-.
£10,508) were paid by the congregation in respect of the minster to the Presbyterian Church in Ireland
Pension Scheme (20091. None of the other trustees received any remuneration.
Several Trustees, and their related parties were reimbursed a total of £1,162 for expenses paid on behalf of
the church (2021. £5581.
12 Employees
The average monthly number of employees during the year was..
2022
Number
2021
Number
There were no employees whose annual remuneration was more than £60,000.
13 Other
Endovmient Endowment
funds
funds
general
general
2022
2021
Endowment funds- ministry & support staff
Other expenditure
14
200
100
115
214

PORTRUSH PRESBYTERIAN CHURCH
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
14 Net gainslllosses) on Investments
Restricted Endowment
funds
funds
general
2022
Total Restrlcted Endowment
funds
funds
general
2021
Total
2022
2022
2021
2021
Revaluation of
investments
{3,803)
16,0381
19.8411
5,275
8,375
13,650
15 Property, plant and equipment
Froghold land Flxtures and
and building5
flttlngs
Computers
Total
Cost
At 1 January 2022
1,080,000
19,464
2,309
1,101,773
At 31 December 2022
1,080,OQQ
19,464
2,309
1,101,773
Depreciation and impairment
At 1 January 2022
19,464
2,309
21,773
At 31 December 2022
19,464
2,309
21,773
Carrylng amount
At 310ecember 2022
1,080.000
1,080,000
At 31 December 2021
1,080,000
1,080,000
The property comprises the church building, church hall, church office and the manse. No. 14 Mark Street,
which was formerly the caretaker's house, has been rented out to a 3rd party and re-classified as an
investment property. Market value has been determined as follows:
Building
Address
Church & church hall Main Street, Portrush
Church office
Main Street, Portrush
Manse
1 Corrstown Park, Portrush
Estimated Value
Source
650,000 FletcherTorren5 .
300.000 Fletcher Torrens"
130,000 LPS rates valuation
Fletcher Torrens Estate Agents valued the properties on 1 November 2018
16 Investment property
2022
Falr value
At l January 2022 and 31 December 2022
223,859
18

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
16 Investment property
(Continued)
The investment property is no. 14 Mark Street, Portrush. 11 was previously the church caretaker's house, but
was let on an arms, length basis in 2018 and was reclassified as an investment property in the year ended 31
December 2018. It was valued at £200,000 as at 31 December 2017 based on the LPS rates valuation ofthe
adjacent identical property, no. 16 Mark Street. Capital expenditure of £23,859 was undertaken in 2018 10
improve the property prior to letting it and the estimated valuation has been increased accordingly.
17 Fixed asset investments
Listed
investments
Cost or valuation
At 1 January 2022
Valuation changes
119,706
(9,840)
At 31 December 2022
109,886
Carrying amount
At 31 December 2022
109,866
At 31 December 2021
119,706
18 Trade and other recelvables
2022
2021
Amounts falllng due withln one year:
Other receivables
Prepayments and accrued income
3,402
531
3,075
515
3,933
3.590
19 Current liabilities
2022
2021
Other taxation and social security
Accruals and deferred income
260
500
248
500
760
748
19-

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
20 Retirement benefit schemes
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme12009).
This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The
congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employer's Fension
contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland
Pension Scheme120091 is a funded Scheme of the defined benefit type, providing defined benefits based on
career average revalued salary. The Scheme has assets held in a separately administered fund managed by
a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to
ensure the Scheme is sufficiently funded to meet current and future obligations. A formal schedule of
contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31
December 2015 contributions of 240/0 of pensionable salaries to cover the accrual of benefits for future
service, expenses, the cost of insuring death in seNice benefits and funding the scheme deficit.
The contributions made by the congregation during the year were..
2022
2021
Contributions
10,745
1Q,508
The congregation operates a defined pension contribution policy for its employees. The scheme and its
assets are held by an independent soheme manager. The pension charge represents the contributions
due from the congregation during the year..
2022
2021
Contributions
1,440
1,440
-20-

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