an FIRST AHOGHILL CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY For the year ended 31 December 2022 Note Unrestrirted Funds Restricted Funds Totsl Funds 2022 Total Funds 2021 Income and Endowmentsfrom: Donatlons and legacies Charltable actlvlties Other trading activities Investments Other Total 152.715 3,062 41 4S 131,483 2.466 284.198 5,528 41 175 1,400 291,342 265,756 2,400 39 261 4,820 273,276 130 1.400 135A79 155,863 Expenditure on: Raising funds Charltable activitles Other Total 11,144} 1156.727) 11,1441 1242,6061 111,9351 1255.685) 35,657 11,iooi 1202,2871 115,1331 1218,5201 54,756 {85.8791 {11.9351 (97,814) 37,665 17.114 54,779 {157,8711 12,008) 117,114} 119,1221 Net Incomellexpendlturel Transfers between funds Net rnovement In funds 35,657 54,756 Reconciliation of funds: Total funds brought forward Total funds carried forward 31,093 11,971 3,290,232 3.345.011 3,321.325 3.356,982 3,266,569 3,321,325
an FIRST AHOGHILL CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND BALANCE SHÉET As at 31 December 2022 Note Unrestrlcted Funds Restfittéd Funds Total Funds Z022 Total Funds 20ZI Flxed Assets Tanglble assets Total fixed assets 12 975 975 3,660,666 3,660,666 3,661.641 3,661,641 3,679,601 3.679,601 Current Assets Debtors Cash at bank and in hand Total current assets 13 14 1,544 18,396 19,940 1,578 115,022 116.600 3.122 133,418 136,540 6,453 164,291 170.744 Current Llabllltles Credltors: amounts falling due wlthln one year 15 18,944) 1257,2551 1266,1991 197,9221 Net Current Asset5 10,996 1140,655) 1129,659) 72,822 Total Assets less Llabllltles 11,971 3,520,011 3,531,982 3,752N23 Creditois.. amount5 falling due after MO than one year 16 1175,0001 1175,000) 1431.0981 Net Assets 11,971 3,345.011 3.356.982 3.321.325 Funds of the charSty Unrestricted Funds RestrScted Funds Total funds of the charity 17 17 11,971 11,971 3,345,011 3,356,982 31,093 3,290,232 3,321,325 3,345.011 3,345,011 11,971 Approved on behalf of the Kirk Sesslon on 5 June 2023 and signed by Rev Mark Nellly Robert M ord Trustee Trustee
an FIRST AHOGHILL CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 Accountlng policles BASIS OF FINANCIAI STATEMENTS The flnanclal statements have been prepared in accordance with applicable accounting standards. While compll3nce wlth Statement of Retommended Practice Accounting and Reporting by Charities IFRS1021 Is not mandatory account of the guidance contained thereln has been taken in the preparation of these accounts. The financlal statements have been prepared under the hlstorlcal cost convention except for investment assets, which are shown at market value. The flnanclal statements Include all transartions, assets, and liabilities for which the congregation Is responslble in law. They do not include the accounts of church groups that owe their affili3tlon to another body, nor those that are informal gatherings of church members. FUfrJD ACCOUNTING Endowment funds are funds. the capital of which must be retained either permanently or at the tongregation's discretion; Ihe Income derlved from the endowment is to be used either as restricted or unrestrlcted Income funds depending upon the purpose for which the endowment was establlshed In the flrst place. Restrlcted funds comprise lal Income from endowments whlch Is to be expended only on the $tricted purposes Intended by the donor and Ibl revenue donations or grant5 for a specifK congregatlonal activity intended by the donor. Where these funds have unspent balances, Interest on thelr pooled Investment is apportioned to the Indlvlduèl funds on an average basis. Unrestiicted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are generol funds set aside by the congregation for vse in the future. INCOMING RESOURCES Reco8nStlon of Incomln8 resources These are included in the Statement of Flnanclal Activities {SoFAI when: The congregation becomes entitled to the resources: The trustees are virtually certain they will receive the resources; and The monetary value can be measured with sufficlent rellabfy. Incomlng resources wlth related expenditure Where Incoming resources have related expenditure las with fundraisin8 income) the Incomlng resources and related expenditure are reported gross in the SOFA. Grants and donatlons Grants and donatlons are only included in the SOFA when the congregation ha5 urmnditional entitlement to the resources. Tax reclaims on donations and gifts Incoming resources from tax reclalms are Included in the SOFA at the same time as the gift to which they relate. Contractual Income and perforrnance related grants This is only included In the SOFA once the lated goods or services have been delivered. Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in klnd for sale or distribution are included in the accounts as glfts only when sold or distributed by the charity. Gifts In klnd for use by the charity are Included in the SOFA as incoming resources when receivable. io
Presbyter an FIRST AHOGHILL CONGREGATION OF THE pRE5BERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 31 December 2021 Donated servlces and facllltles These are only included in incomin8 resource5 (with an equivalent amount in iesources expended) whorÈ the beneflt to the charity is reasonably quantlflable, measurable. and material, The value placed on these resource5 is the estimated value to the charlty of the SeI(e or facility received. Volunteer help The value of any voluntary help received is not Included in the accounts but ts descrlbed in the trustee< annual report. Investment Income This is included in the accounts when retelvable. Investment 8alns and losse5 Thls Includes any gain or10$5 on the sale of Investments and any 8ain or loss resulting from revaluln8 Investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Liablllty recognltlon Liabilities are recognlsed as soon as there is a legal or construrtNe obllgatlon committing the congregatlon to pay out resources. Governance costs These include costs of the preparation and examinatlon of statutory accounts, the costs of trustee meetlngs and cost of any legal advice to trustees on governance Of constitutional matters. Grants wlth perforrnancé condltions Where the charity gives a grant with conditlons for its payment being a specific level of servlce or output to be provlded, such grants are only recognised In the SOFA once the recipient of the giant has provided the specifled service or output. Grants payable without performance condltions These are only recognlsed In the account5 when a commltment has been made and there are no conditions to be met relating to the 8rant which remaln In the control of the charity. Support costs Support costs Include central functions and have been allocated to attivity COSt cate8orie5 on a basis conslstent with the use of resources, e.g., allocating pioperty cots by floor areas, or per capita. staff costs by the time spent and other costs by theii usage. ASSETS Tangible Flxed Assets Tangible fixed assets for use by ch3fity. These are capitalised if they can be used for more than one year, and c05t at least £5,000. They are valued at Cost or. if gifted. at value to the charity on recelpt. Details of historlcal costs of the buildings is not avallable. All buildings have been included in the balance sheet at valuation. No depreciation has been piovided on these assets as the Current estimated residual value is not less than the carrying value and the remaining useful life exceeds So years. li
an FIRST AHOGHILL CONGREGATION OF 7HE PRES8YfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'dl DONATIONS AND LEGACIES Unrestrlcted Funds Restrlcted Funds Total Funds 2022 Total Funds 2021 Recorded givlng Loose collections Donations and gifts Glft Ald Legacies and bequest 124.152 5,824 108.985 413 3.189 18,396 500 131,483 233,137 6,237 3,189 31,530 10.105 284,198 222,9SI 4,329 2,373 36,103 13,134 9,605 152.715 265,756 CHARITABLE AcfiviTIES Unrestrlrted Funds Restrlcted Funds Total Funds 2022 Totsl Funds 2021 Income from chaiitable activities Income from publications 2,122 940 3,062 2,466 4,588 940 1,870 530 2,400 2,466 5.528 OTHER TRADING AcrivinES Unrestrirted Funds Restrlcted Funds Total Funds 2022 Total Funds 2021 Rental Income 41 41 41 39 39 41 INVESTMENT INCOME Unrestricted Funds Restrlrted Funds Total Funds 2021 Total Funds 2021 Interest received 45 130 175 261 45 130 175 261 OTHER INCOME Unrestrlcted Funds Restrirted Funds Total Funds 2022 Total Funds 2021 Mlscellaneous income Other income Iso 4,670 4.820 1.400 1,400 1,400 1.400 12
an FIRST AHOGHILL CONGREGATION OF THE PRE5BE111AN CHURCH IN IREiAND NOTES TO THE ACCOUNTS {Cont'dl RAISING FUNDS Unre5trlrted Funds Restrlrted Funds Total Funds 2022 Total Funds 2021 Envelopes 1.144 1,144 1.144 1.144 i.ioo I,ioo CHARITABLÉ AcfiviTES Unrestrltted Funds Restrirted Funds Total Funds 2022 Totsl Funds 2021 General Assembly Assessments Presbytery fees Mlnlstry and support staff ¢osis Congre8ational runnlng expenses Donations to Missions and charities Governatlce costs Events and catering expenses Stationery and teaching materlals 13,173 566 97,156 30,067 3.023 1,440 4.837 6,465 156.727 13.173 566 97,156 65,363 52,479 1,516 5,603 6,750 242,606 14.457 790 91,097 54,289 38,905 246 35,296 49,456 76 766 285 85,879 2,503 202,287 OTHER EXPENDITURE Unr¢strf¢ted Funds Restrirted Funds Total Funds 2022 Total Funds 2021 Loan Interest 11,935 11.935 11,935 11,935 15,133 15,133 13
an FIRST AHOGHILL CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS <ConYd) 10. EMPLOYEES Employment Costs 2022 2021 Wages and Salaries Soclal Security Costs Pension contributions 68,538 5,434 11.166 66,477 4,008 10,537 Number of employees The èvera8e number of employees durln8 thè year was 2022 No 2021 No Average number of employees 11. PENSION COSTS The minister of the Congregatlon is a member of the Presbylefian Church in Ireland Pension Scheme120091- Thls Is scheme operated by the Presbytorlan Church in Ireland, a separate reglstered charlty. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employerfs pension contribution for the Scheme and based on the stlpend pald to the minister. The Presbyterlan Church In Ireland Peiislon S¢heme120091 is a funded Scheme of the defSned benefit type. providing deflned benefiis based on career average revalued salary. The Scheme has assets held In a separately administered fijnd 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 obllgatlons. A formal schedule of contributions was drawn up on 25 November 2015 ¥vhereby the Presbylerian Church agreed to pay from 31 December 2015 corbtributions of 24% of pensionable salaries to cover the accrual of benefits for future servlce, expenses, the £05t of insuring death In sefvlce benefits ar fundlng the scheme deficit. The contrlbutions made by the congregation durlng the year were: Totsl Funds 2022 Total Fund5 2021 Contributions 11,166 10,S37 14
an FIRST AHOGHILL CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Cont'd) 12. TANG18LE FIXEO ASSETS Land and Buildtngs Equlpment Total Cost or Valuation As at l January 2022 Additions Disposals As at 31 December 2022 3,5CNJ.LK)O 221.285 3,721.285 3.500JIOO 221.285 3,721,285 Accumulated depreciation As at I january 2022 Charge for the year Released on disposal Asat 31 Decembef 2022 41,684 17.960 41,684 17,960 59,644 59,644 Net book value As at 31 December 2022 3,500,000 161.641 3,661,641 As at 31 December2021 3,500.000 179,601 3,679,601 13. DEBTORS 2022 2021 Gift Aid Recoverable 3,122 3,122 6,453 6.453 14. CASH AT BANK AND IN HAND 2022 2021 General Property Fund Ollve Branch Misslonary & Outreach pw YAB BB GB First for Care 38,751 79,761 1,972 5.185 285 4,536 1,042 1,396 490 133,418 42.386 99,127 4,527 6,413 761 4.566 2.551 2.983 977 164,291 15
an FIRST AHOGHILL CONGREGATION OF TME pRE5BERIAN CHURCH Ir4 IREL4ND NOTÉS TO THE ACCOUNTS (Cont'd) 15. CREDITORS,, AMOUNTS FALLING OUÉ WITHIN ONE YEAR 2022 2021 Other Creditors Accruals Bank Loan I Bank Loan 2 8.163 1.940 256,096 14,627 1,440 11,731 70,124 97,922 266,199 16, CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2022 2021 Interest free loan 8ank Loan I 175,000 175,000 256,098 431,098 175.000 17. FUND BALANCES Unrestrlcted Funds 2022 2021 General fund 11,971 11,971 31,093 31,093 Restrirted Funds 2022 2021 Property Fund Olive Branch Misslonary & Outreach Unlted Appeal Chlldren and orphan's society pw YAB BB GB First for Care 3317.875 1.972 8.092 8,969 3.266.096 4,527 7.332 142 90 934 4.566 2.568 3,000 977 3,290,232 628 4,536 1,053 1,396 490 3.345.011 16
an FIRST AHOGHIIL CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Iconydl Reconclliation of ffiovement olfunds Openin8 balance Income Expenditure. Traft5fèr Closing balance Unrestricted Fund5 Main Fund 31,093 31.093 155,863 IS563 1157,8711 (157.8711 117,1141 {17.1141 11,971 11,971 Restrlcted Funds Property Fund Ollve Branch Mlsslon & Outreach Unlted Appeal Chlldren & Orphans pw YA8 88 GB First for Care 3,266,096 4.527 7,332 142 90 934 4.566 2,568 3,000 977 79.937 136,2281 11.0551 140.4731 16,5711 11,2621 12.8341 1301 13,7321 14,8321 17971 {97,8141 8,070 11,5001 3.960 6,571 13 3,317,875 1,972 8,092 8,969 37.273 8,827 1,159 2.528 628 4,536 1,053 1.396 490 2,217 3,228 310 135A79 3,290,232 17,114 3,345,011 Total 3,321,325 291,342 1255,6851 3,356,982 18. Related Party Transactlons Rev Mark Nellly Is a Trustee and recelved remuneratlon of £40,Crf)012021: £37.866) and pension contributions of £9,600 12021.. £9.0891 through PCI with £8,78212021: £8.6421 expenses being paid by the church. 17