an
FIRST AHOGHILL CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF HNANaAL AcnviTY
For the year ended 31 De￿rnber 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 A￿e¢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$B￿ERIAN 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 Sti￿ftd 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 De￿rnber 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
243￿28
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& OUt￿a¢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
EXpendI￿re
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