an FIRST AHOGHILL CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF HNANaAL AcnviTY For the year ended 31 Dernber 2023 Note Unre5trlrted Funds Re5trlrted Funds Total Fund5 2023 Total Funds 2022 Income and Éndowments from: Donatlons and legacles Charitable activitie5 Other tradln8 activities Investments other Total 167.252 6.910 45 42 850 175x199 141,790 7,969 309,042 14,879 45 290 3.850 328.106 284.198 5,528 41 175 1,400 291.342 3.000 153.007 Expendlture on: Raising funds Charltable actlvltles Other Total Net Incomellexpenditurel Transfers between funds Net movement In lunds (1.0701 1168,831) 11,0701 1253,3551 111,2931 1265,7181 62,388 11,144) 1242,606) 111,9351 1255,6851 35,657 184.5241 111,2931 {95.8171 57,190 1,055 58,245 1169,9011 5,198 1,055 4,143 62,388 35,657 Reconclllatlon af funds: Total funds brought forward Total funds carrled forward 11.971 16,114 3,345.011 3,403,256 3,356,982 3,419.370 3,321,325 3,356,982
an FIRST AHOGHILL CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND BALANCE SHEET As at 31 December 2023 Note UnrÈstrlLted Funds Restrlrted Funds Total Funds 2023 Totsl Funds 2022 Flxed A55ets Tangible assets Total flxed assets 12 877 877 3.644,600 3,644,61)0 3.645,477 3,645,477 3,661,641 3.661.641 Current Assets Debtors Cash at bank and In hand Total current assets 13 14 3.4S8 18.132 21,S90 2.295 225.783 228,078 5.753 243.915 249,668 3,122 133,418 136,540 Currènt Llabllltles Cfedltors: amounts falling due wlthin one year 15 {6,353) 1244,422) (250.7751 1266,1991 Net Current Assets 15237 116,3441 11,107) 1129,6591 Total Asset$ le$$ Llabllltle5 16,114 3,628.256 3.644370 3.531,982 Credltors: amounts falllng due after more than one year 16 1225,000) 1225,0001 {175,0001 Net Ae¢S 16,114 3,403,256 3N19,370 3 J56,982 unds of the charlty Unrestrlrted Funds Restritted Fund5 Tot•1 funds of the ¢h¥rity 17 17 16.114 16.114 3.403.256 3A19,370 11,971 3.345,011 3,356,982 3,403.256 3,403,256 16.114 Approved by the Kirk Session at a meeting on 22 Aprll 2024 and 51gned on its behalf bv Rev Mark Nell Trustee Trustee
an FIRST AHOGHILL CONGREGATION OF THE PRESBYf£RIAN CHURCH IN IREIAND NOTES TO THE ACCOUNTS 31 December 2023 Accountin8 polide5 BASIS OF FINANCIAL STATEMENTS The financial statements have been prÈpared in accordance wlth applicable accounting Standards. Whlle compllance with Statement of Recommended Prattice Accountin8 and Reporting by Charltles IFR5102) Is not maridatory account of the guldance contalned therein has been tsken In the preparation of these account5. The flnanclal statements have teen prepared under the historical cost conventlon except for Invesrment assets, which are shown at market value. The flnaneial statements Include all transactions, assets, and liabilitie5 for whlch the congregatlon Is responslble in law. They do not Include the accounts of church 8roups that owe thelr afflltatlon to another body, nor those that are Informal gatherin8s of church members. FUND ACCOUNTING Endowment funds are funds. the cathl of which must be retalned elther permanently or at the congregatlon's dis¢tion. the income derlved from the endowment Is to be used Éither as restricted or unrestrlcted income funds dependlng upon the purpose for which the endowment was establlshed In the flrst place. Restricted funds Comprlse lal Income from endowments whlchls to be expended only on the restrlcted purposes Intended by the donor and Ibl revenue donatlons or grants for a speclfk congregatlonal actlvlty Intended bv the donor. Where these funds have unspent balances. Interest on thelr pooled Investment Is apportloned to the indlvidual funds on an avera8e basis. Unrestricted funds are Income funds whlch are to be spent on the congregatkjn's general purposes. Deslgnated fund5 are general funds set aside by the congregation for use in the future. INCOMING RESOURCES Reco8nftlon of Incomlng re$our¢ These are Included In the Ststement of Financlal PLtlvltles {SoFAI when: The congregation becomes entltled to the resources; The trustees are vlrtually certaln they wlll recelve the resources- and The monetary value can be measured wlth sufflclent rellably. Incomln8 resources wlth related expendlture Where incomln8 resources have related expendlture las wlth fundralslng Income) the Incomlng resources and related expendlture are reported gross In the SOFA. Grants and donatlons Grants and donations are only included in the SOFA when the congregation has uncondltlonal entltlement to the resources. Tax reclalms on donatlons and glfts Incoming resources from tax reclaims are included in the SOFA at the same tlme as the gfft to whlch they relate. Contrartual Income and Fjerformance related grarts Thi5 15 only included in the SOFA On the related goods or services have been deltvered. Gifts in kind Gifts in kind are accounted for at a reasonable estimate of thelrvalue to the charlty or the amount actually reallsed. Glfts In klnd for sale or distribution are Included In the accounts as gifts only vthen sold or dlstrlbuted by the charity. Glfts In klnd for use by the charlty are Included In the SOFA as Incomlng resour when receivable. 10
an FIRST AHOGHILL CONGREGAnoN OF ThE PRE$BERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS l¢onVdl 31 December 2023 Donated servlces and facilities These are only Included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charlty is reasonably quantifiable, measurable, and material. The value placed on these resources is the estlmated value to the charlty of the servlce or facility received. Volunteer help The value of any voluntary help received 15 not included In the accounts but is descrlbed In the trustees, annual report. Investmènt iftcome Thls is included in the accounts when receivable. Investment galns and losses This Includes any galn or loss on the sale of Investments and any galn or10ss resulting from revaluin8 Investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Lliblllty recognltlon Llabllltles are reco8nised as soon as there Is a legal or constwctive obli8ation committing the congre8ation to pay out resources. Governance Costs These Intlude costs of the preparatlon and examlnatlon of statutory accounts. the costs of trustee meetlngs and cost of any legal advlce to trustees on governance or conslrtutional matters. Grants wlth perforrnance condltloThs Where the charlty glves a grant wlth condltlons for Its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the reciplent of the grant has provlded the specified service or output. Grants payable wlthout perfomiance condltlons These are only reeo8nised in the accountswhen a commltment has been made and there are no condltlons to be met relatlng to the 8rant which remain in the control of the charty. Support ¢0Sts Support Costs Include central functions and have been allocated to actfvlty cost categorles on a basls conslstent wlth the use of sourCes, e.g., allocatin8 property cots by floor areas. or per caplta. stsff costs by the tlme spent and other costs by thelr usage. ASSETS Tangible Fl¥ed Assets Tanglble flxed assets for use by charity. ThèsÈ arÈ capitalisÈd if they can be used for morè than one yèar. and cost at least £5.000. They are valued at cost or. If gifted, at the value to the charity on receipt. Details of historical costs of the bulldlngs Is not avallable. All bulldlngs have been Included In the balance sheet at valuatlon. No depreclatlon has been provided on these assets asthe current estimated residual value is not less than the carrying valtse and the remalnlng useful life exceeds 50 years. 11
an FIRsfAHOGHILL CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Convdl DONATION5 AND LEGACIES Unre5trirted Funds Restrfcted Funds Total Funds 2023 Totsl Funds 2022 Recorded giving Loose collections Donatlot)s and gifts Glft Aid Leiaeies and bequest 139.542 8.585 112,226 3,503 8,959 17,102 251,768 12,088 8.959 36,227 233,137 6,237 3,189 31,530 10,105 284,198 19.125 167252 141,790 309,042 CHARITABLE ACTIVITIES Unre5trlrted Fund$ Re5trkted Funds Total Funds 2023 Total Funds 2022 Income from charltable actlvities Income Irom publicatlons 4,926 1,984 6,910 7,969 12095 1,984 14,879 4,588 940 5.528 7.969 OThER TRADING AcfiviTIES Unrestrlrted Fund$ Restrfrted Fund$ Total Funds 2023 Total Fund5 2022 Rental Income 45 45 45 41 41 45 INVESTMENT INCOME Unrestrlcted Fund$ Restrfcted Funds Total Funds 2023 Total Funds 2022 Interest received 42 290 290 175 42 Z48 175 OTHER INCOME Unrestrlcted Funds Re5trlcied Funds Total Funds 2023 Total Funds 2022 Miscellaneous Income Other income 320 530 850 320 3.530 3,850 3.000 3,000 1.400 1,400 12
FIRST AHOGHILL CONGRÉGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Iconvdl RAISING FUNDS Unrestrlcted Funds Restrkted Fund5 T¢)tsl Funds 2023 Total Funds 2022 Envelopes 1.070 1,070 1,070 1.070 1,144 1,144 CHARITABLE AcfiviTES Unrestrlcted Funds Restrlcted Funds Total Funds 2023 Total Funds 2022 General Assembly Assessments Presbytery fees Mlnlstryand support staff costs Congregatlonal running expenses Donations to Mission5 and charltles Governance costs Events and catering expenses Statlonery and teachln8 material5 14,804 667 103,227 32.070 55 1,440 9,025 7,543 168,831 14,804 667 103.227 74,264 42.136 1,509 9,185 7.S63 253,355 13,173 566 97,156 65,363 52,479 1,516 5.603 6,750 242,606 42.194 42.081 69 160 20 84,524 OTHER EXPENDITURE Unrestrlcted Funds Restrlrted Funds Total Fund5 2023 Total Funds 2022 Loan Interest 11,293 11.293 11,293 11,293 11,935 11,935 13
an FIRST AHOGHILL CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Confd) 10. EMPLOYEES Emplcyrnent Costs 2023 2022 Wages and Salaries Soclal Securlty Costs Pension contrlbutlons 71,334 5.534 10,761 68,538 5,434 10,385 Number of employèes The avera8e number of employees during the year was 2023 No 2022 No Average number of employees 11. PENSION C05T5 The minister of the congre8atlon is a member of the Presbyterlan Church In Ireland Pension Scheme120091. This is a scheme operated by the Presbyterian Church in Ireland, a separate reglstered charity. The Congregation pays an assessment to the Presbyterian Church In Ireland equlvalent to the employels pension contribution for the Scheme and based on the Stiftd pald to the mlnlster. The Presbyterlan Church in Ireland Penslon Scheme12009) Is a funded Scheme of the defined beneflt type. providin8 defined benefrts based on career average revalued salary. The Scheme has assets held In a separately administered fund managed by a board of Trustees. The Prèsbyterian ChLErch and the Scheme Trustees have agreed a fundlng plan to Ènsure the Scherne15 sufflclently funded to meet current and future obligations. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church a8reed to pay from 31 December 2015 contributlons of 24% of penslonable salaries to cover the accrual of benefits for future service. expenses, the cost of Insurln8 death In service benefits and fundin8 the scheme deflclt. The contrlbutions made by the congregatlon durlng the year were: Total Funds 2023 Total Fuftds 2022 Contributions 10.080 9,600 14
an FIRST AHOGHILL CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Convd) 12. TANGIBLE FIXED ASSETS Land and 8ulldin8S Equipment Total ost or Valuatlon As at ljanuary 2023 Additions Dlsposals As at 31 December 2023 3.5(M).000 221,285 3,721,285 3,500,000 221285 3,721,285 Accurnulated depreclatlon As at l January 2023 Charge for the year Released on dlsposal As at 310ecember 2023 59.644 16,164 59,644 16,164 75008 75,808 Net book value A5 at 31 Dernber 2023 3,500,000 145,477 161,641 3,645,477 3.661,641 As at 31 December2022 3.500.000 13. DE8TORS 2023 2022 Gift Ald Recoverable 5,753 5,753 3,122 3,122 14. CASH AT BANK AND IN HAND 2023 2022 General Account PropertyAccount Ollve Branch Account Mlsslonary & Outreach Account PW Account YAB Account BB Arcount GB Account First for ca Account 26,307 198124 lJ59 6,899 1.435 4,507 1.505 827 252 38,751 79,761 1,972 5,185 285 4,536 1,042 1,396 490 243,915 133.418 15
an FIRST AHOGHILL CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREIAND NOTES TO THE ACCOUNTS (Cont'd) 15. CREDITORS: AMOUNTS FALIING DUE WITHIN ONE YEAR 2023 2022 Other Credltors Accruals Bank Loan Bank Loan 5,007 1,940 8,163 1,940 256.096 24328 250.775 266,199 16. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2023 2022 Interest free loan 225,000 225JM)O 175.000 175.000 17. FUND BALANCES Unrestrlrted Fund$ 2023 2022 General fund 16.114 16,114 11,971 11,971 Restrlrted Funds 2023 2022 Property Fund Ollve Branch Misslonary& OUta¢h United Appeal Children and orphan's 50clety pw YA8 BB GB Flrst for Care 3.375,582 1.359 7,575 7,524 3,317,875 1,972 8,092 8,969 628 4,536 1,053 1,396 490 3.345,011 4.927 1,624 2,831 252 3,403,256 16
an FIRST AHOGHILL CONGREGATION OF ThE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Cont'd) Reconciliation of movement of funds Openlng balance Ineome EXpendIre Transfer Closlng balance Unrestricted Funds Main Fund 11,971 11.971 175.099 175,099 1169.9011 1169.901) {1,055) IIA1551 16,114 16,114 Restrlrted Funds Property Fund Olfve Branch M1551on & Outreach UnitÈd Appeal Chlldren & Orphans pw YAB BB GB First for Care 3,317.875 1.972 8,092 8.969 95,974 1.075 30,257 10.003 523 5.671 421 3.535 5.388 160 138,2671 11.6881 128,7741 113.4481 15931 14,7961 1301 13.2171 14,6061 13981 {95A171 3,375,582 1,359 7,575 7,524 12,0001 2.000 70 79 628 4.536 1.053 1,396 490 3,345011 1,582 4.927 1,624 2,831 252 253 653 153,IX17 1,055 3A03.256 Totwl 3.356,982 328.106 1265,7181 3,419.370 18. Related Party Trynsactlons Rev Mark Nellly Is a Trustee and recefved MUneratIon of £42,rxio {2022'. £40.(MJOI and pension contrlbutions of £10,080 12022., £9,6001 through PCI with £9,22212022: £8,782) expenses belng palcl by the church. 17