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 pRE5B￿ERIAN 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 Se￿I(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 PRE5B￿E111AN 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