Waterside Presbyterian Church a congregation of the Presbyterian Church in Ireland Trustees Annual Report and Financial Statements for the year ended 31 December 2022 Registered with the Charity Commission for Northern Ireland NIC105611
WATERSIDE PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREIAND TRUSTEES, ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2022 including a Balance Sheet as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Waterside congregation of the Presbyterian Church in Ireland Clooney Terrace, Londonderry BT47 6AR Registered Charity in Northern Ireland (NIC105611} CHARITY TRUSTEES The Charity Trustees who senied during the year or who were trustees at the date of this report were. Mr John Allen Mr James Mccarter Mr Don Mcclay Mr William Mcllwaine Mr David Walker Mr Mitchell Caldwell Dr Colin Hamilton Mr Morris Mccarter Mrs Hilary Mcclintock PRINCIPAL OFFICE BEARERS Convenor Rev. Gordon Mccracken (January to June) Rev. Richard Tregaskis (July to December) Clerk of Session Mr William A. Mcllwaine, BA., DASE Treasurer Mrs Hilary Mcclintock, Bsc
WATERSIDE PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES, ANNUAL REPORT (CONT'D) INDEPENDENT EXAMINER Moore (Nl) LLP 21/23 Clarendon Street Londonderry BT48 7EP BANKERS Danske Bank 27 Glenshane Road Londonderry BT47 2LN Progressive Building Society 3 Millennium Forum Newmarket Street Londonderry BT47 6EB SOLICITORS A D Mcclay & Co l Limavady Road Londonderry BT47 6JU
WATERSIDE PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES, ANNUAL REPORT (convd) STRUCTURE AND MANAGEMENT The Kirk Session The charity trustees of the congregation are the rnembers of its Kirk Session. Under the congregation's governing document, The Code, the book of the constitution and government 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 connetted with any congregation who are within its bounds. It ensures pastoral care is in place In the congregation and seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs 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 the Moderator and the ministers in active duty in the congregation who have no deliberative but only a casting vote. During the past year the Kirk Session has met on eight occasions under the leadership of our Convenors. 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 they obtain two-thirds of those who vote. Presbytery Under the Presbvcerian Church in Ireland forrn 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. Waterside Presbyterian Church has been assigned to the Derry & Donegal Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists rnainly of the active ministers of congregations assigned to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of each congregation.
WATERSIDE PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES, ANNUAL REPORT (convd) The General Assembly The General Assembly isthe supreme court of the Church, representing in one bodythe whole Church and acting as its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week 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 minsters and a representative elder appointed by the Kirk Session of each congregation. DESCRIPTION AND PURPOSE Waterside 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 rnembers to play their part in fulfilling God's mission to our world. The congregation's mission purposes is bythe grace of God, to help people of all ages become fully devoted followers of Jesus Christ. Our vision is, by the grace of God, to be an inclusive, welcoming comrnunity of Christ's people of all ages, which: is increasingly characterised by love for God, and love and concern for others; is committed to the historic Christian gospel as revealed in the Bible; is relevant to people of this time and place. The congregation aims to live out its Mission and Vision as a family of God's people by being: A Covenant Community: where our relationships are rooted in the promises of God by living faithfully toward him and toward one another; An Intergenerational Community: where adults intentionally take the lead to engage with, encourage and nurture younger members to maturity in Christ. An Outward looking Community: where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bounds of our community; As a congregation of the Presbyterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechisms set out what we understand the Bible teaches on key matters of Christian faith and practice.
WATERSIDE PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES, ANNUAL REPORT {conVd) ACTIVITIES AN D OBJEcfivES The congregation meets for worship every Sunday. The Sacrament of the Lord's Supper was observed in May and October 2022 and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation held midweek Bible study meetings and has a wide range of organisations including. Sunday School Presbyterian Women Midweek Bible Study Choir Bowling and Recreation Club Boys, Brigade Walking Group ACHIEVEMENTS AND PERFORMANCE Worship and prayer Worship each Sunday allows face to face fellowship and the coming together to worshlp God. At 31 Decernber 2022 there were 147 communicant members and 152 families connected with the congregation. The average weekly attendance at morning worship was 57. 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 minister, elders or by one of the congregation's pastoral visitors. Some of these members receive CD'S of our morning services.
WATERSIDE PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES, ANNUAL REPORT (convd). Mission and outreach In September the congregation initially welcomed two families who are refugees from Ukraine. The church and individuals within the congregation have supported them by providing accommodation, furniture. heating oil and clothing and arranging schools for their children. By the end of the year the congregation has supported five families comprising nineteen adults and eleven children. The Ukrainians attend morning worship each week and have fully integrated into the life of the church. The children are attending Sunday School and the boys have joined the Boys Brigade. The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on 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 deployrnent of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church's training college for rninistry students, and financially supports congregation in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. Presbytery The congregation was represented at the regular meetings of Presbytery by our Convenors and one of the elders. This provides an important link between the congregations and the wider structures of the church. General Assembly The Convenor 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 2022.
WATERSIDE PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES, ANNUAL REPORT (convd) Organisations The Sunday School meets each week duringthe morning service. There were thirteen children and young people under fifteen years of age in the congregation until September. A further eleven children then joined as the congregation welcomed families who are refugees from Ukraine, the average attendance was six children. The Bible class for older teenagers meets prior to the morning service. The PW group meets on the first Monday of each month from Septemberto April with a range of guest speakers. Their theme for the year was Side by Side. There was an average attendance each month of eighteen. The Midweek Bible Study met each Wednesday and benefited from an in depth study of the book of James and also spent three months studying the life of Elijah. Those present each week prayed for the ongoing work of the church at horne and abroad. Bowling and Recreational Club did not meet during 2022. th The Boys, Brigade {6 Londonderry Company) consists of three settions- anchor boys, juniors and company section. They meet in Lisneal College - anchor boys and juniors on a Tuesday evening and the company section on a Friday evening from September to April. The anchor boys have twenty seven boys on average in attendance whilst the other two sections have thirteen and seven boys attending regularly. By means of a variety of activities they seek to promote their motto of "Advancing Christ's Kingdom among Boys". The Waterside Walking Group recommenced during 2022 with walks around Rathlin Island and also along the old railway line to Foyle Valley Railway Station. On the third Sunday of each month the church would organise a Fellowship Hour in the Irish Street Community Centre. A variety of speakers are invited. This stopped after March 2020 due to Covid restrictions and has not yet recommenced. During the year Youth Committee organised a number of events including a Circus Skills workshop, a Gospel Music Night, an excursion to Portrush, a bus trip to the Antrim Coast and a visit from Chocolate Manor. Volunteers The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities.
WATERSIDE PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES, ANNUAL REPORT (convd) PUBLIC BENEFIT STATEMENT The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direct benefits 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 Westminster 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 families, and rnembers 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 incidental and necessary in orderto further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, 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 othersecular organisations, charities and individual rnembers of the public. The Kirk Session has had regard to the Charity Commissions public benefit requirement statutory guidance.
WATERSIDE PRE5BYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES, ANNUAL REPORT (convd) FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering. There were 132 contributors during the year (134 during the previous year, 2021) donating a total of £61,019 (£67,854 in previous year, 2021). Total Income for the year was £103,045 compared to £103,188 in the previous year. Total expenditure increased from £63,703 to £77,524. This increase was mainly due to activities returning to normal after Covid. GOING 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 financial statements to meet commltments which will arlse 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 taking account of current and ongoing commitments. 5t is the policy of the Trustees to hold at least three month's normal expenditure. At the year end, unrestricted reserves were £404,534 which represents a higher level of reserves. 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. STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. As the Congregation's total income does not exceed £250,000, the Trustees have elected under Section 6413) of the Charities Act (Northern Ireland) 2008 to prepare a receipts and payment account and a statement of assets and liabilities.
WATERSIDE PRESBYfERIAN CHURCH CONGREGATION OF THE pRE5BERIAN CHURCH IN IRELAND TRUSTEES, ANNUAL REPORT (convd) For the year ended 31 December 2022 The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable them to ensure that the financial statements comply with the Statement of Recommended Practice-Accounting and Reporting by Charities11 January 2015)" They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Kirk Session at a meeting on 27th February 2023 and signed on its behalf by Rev. Richard Tregaskis (Convenor) William A. Mcllwaine (Clerk of Session) io
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF WATERSIDE PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND We report to the Trustees on our examination of the financial statements of Waterside Presbyterian Church for the year ended 31 December 2022. Respective responsibilities of charity trustees and examiner As the Trustees of the Church you are responsible for the preparation of the financial statements in accordance with the Charities Act (Northern Ireland) 2008. It is our responsibility to: Examine the accounts under section 65 of the Charities Act Follow the procedures laid down in the general directions given by the Comrnission under section 6519)(b) of the Charities Act State whether particular matters have come to our attention. Basis of independent examinerfs report We have examined your Church's financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. Our examination included a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also included consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as Church Trustees concerning any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Art 2. That the financial statements do not accord with those accounting records 3. That the financial statements do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the financial statements to be reached. Independent examinerfs statement We have completed our examination and have no concerns in respect of the matters11) to (4) listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, we have found no additional matters that require drawing to your attention. Moore (N LLP Chartered Accountants Date.. 27th February 2023 21/23 Clarendon Street Londonderry BT48 7EP 11
WATERSIDE PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2022 Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment5 Other Income 47,754 647 5,244 1,571 40,209 1.600 6.010 87,963 2,247 11.254 1,580 50,900 36,646 2,005 6,020 87,546 2,005 11,264 2,273 100 5,244 2,264 100 Total 55.216 47,828 103,044 58,408 44,780 103,188 Expenditure on: Raising funds Cha ritable activities Other 354 23,823 9,959 354 60,398 16,771 551 18,953 33,046 6,532 4,621 551 51,999 11,153 36.575 6,812 Total 34.136 43,387 77,523 26,036 37,667 63,703 Net Income / (expenditure) 21.080 4.441 25.521 32,372 7,113 39,485 Transfers between funds 966 (966) 224 (224) Net movement in funds 22,046 3,475 25,521 32,596 6,889 39,485 Reconciliation of funds: Total funds brought forward 382.488 94.475 476,963 349,892 87,586 437,478 Total funds carried forward 404.534 97,950 502,484 382,488 94,475 476,963 12
WATERSIDE PRESBYtERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND BALANCE SHEEr As at 31 December 2022 Current assets Cash at bank and in hand 12 404,534 97,950 502,484 476,963 Total current assets 404.534 97.950 502,484 476,963 Total net assets 404,534 97.950 502.484 476,963 Funds of the charity Restricted income funds .13 97,950 97.950 94,475 Unrestricted funds 13 404,534 405,534 382,488 Total charity funds 404.534 97,950 502,484 476,963 Approved by the Kirk Session at a meeting on 27 February 2023 and signed on its behalf by: Rev. Richard Tregaskis William A. Mcllwaine (Convenor) (Clerk of Session} 13
NOTESTO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective l January 2015). The flnancial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, northose that are informal gatherings of church members. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion; the income derived frorn the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, Interest on their pooled investment is apportioned to the individual funds on an average balance bas1S. Unrestricted funds are income fvnds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future, 14
NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES (convd) INCOMING RESOURCES (i) Recognition of incoming resources These are included in the Statement of Financial Activities (SOFA) 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 reliably. (11) Incoming resources with related expenditure Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA. (iii) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. (iv) Tax reclaims on donations and gift5 Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (v) Contractual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. (vi) 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 kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. (vii) Donated services and facilities These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. 15
NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES (conVd} (viii) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. (ix) Investment income This is included in the accounts when receivable. (x) Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investment5 to market value at the end of the year. EXPENDITURE AND LIABILITIES (xi) Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. (xii) Governance costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. (xlii) Grants wlth performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified sep4ice or output. (xiv) Grants payable without perforrnance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. 16
NOTES TO THE ACCOUNTS (conyd) 31 December 2022 DONATIONS AND LEGACIES Recorded giving: Loose collettions Donations and gifts Gift Aid 39,713 1,858 1,520 35,650 6,521 2.701 41,571 37.170 9,222 46,268 32,125 9,153 47,754 40.209 87.963 87,546 For the year ended 31 Decernber 2021 50,900 36,646 CHARITABLE AcfiviTIES Subscriptions Grants 647 647 1,600 1,600 2,005 647 1,600 2,247 2,005 For the year ended 31 Decernber 2021 2,005 17
NOTESTO THE ACCOUNTS (conyd) 31 December 2022 OTHER TRADING ACTIVITIES Rental Income 5,244 6.010 11.254 11,264 5,244 6,010 11,254 11,264 For the year ended 31 December 2021 5,244 6,020 INVESTMENTS Bank and Deposit interest 1,571 1,580 2,273 1,571 1,580 2,273 For the year ended 31 December 2021 2,264 18
NOTES TO THE ACCOUNTS (convd) 31 December 2022 OTHER INCOME Sale of old sound system 100 100 For the year ended 310ecember 2021 100 RAISING FUNDS FWO envelopes 354 3S4 551 354 354 551 For the year ended 31 December 2021 551 19
NOTES TO THE ACCOUNTS (convd) 31 December 2022 CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and cha rities 5,099 5,099 6,296 648 7,082 25,791 7,976 8.926 22,329 7,976 31,255 1,174 14,246 15,420 12,182 23,823 36,575 60,398 51,999 For the year ended 31 December 2021 18,953 33,046 OTHER EXPENDITURE Administration expenses Sundry expenses 5,101 4,858 6,561 251 11,662 5,109 8,643 2,510 9.959 6,812 16,771 11,153 For the year ended 31 Decernber 2021 6,532 4,621 20
NOTESTO THE ACCOUNTS (convd) 31 December 2022 10. EMPLOYEES Employment Costs Wages and Salaries Social Security Costs 1,640 190 910 140 1,830 1,050 Number of Employees The average number of employees during the year was Average number of employees There were no ernployees in receipt of employee benefits in excess of £60,000. 21
NOTES TO THE ACCOUNTS (conyd) 31 December 2022 11. PENSION COSTS The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme12009). This is a scherne operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays an as5essmentto the Presbyterian Church in Ireland equivalent to the employerfs pension contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme (2009) 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 rneet 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 service benefits and funding the scheme deficit. The contributions made by the congregation during the year was £nil12021- £nil). The Minister of the congregation resigned on 13 December 2019 and therefore no contributions were made in the year. The position rernained vacant during 2022. 12. CASH AT BANK AND IN HAND 2022 2021 Danske No. l account Progressive Building Society Danske Fabric Fund Sunday School 107,503 86,509 297,031 295,979 86,272 82,733 961 1,053 1,090 1,194 1,236 1,215 4.796 4,680 2.591 2,596 1,004 1,004 Charlie Mccay Bursary Boys Brigade Youth Council Bowls and recreation 502,484 476,963 22
NOTES TO THE ACCOUNTS (convd) 31 December 2022 13. FUND BALANCES AND RECONCILIATION OF FUNDS Funds Total Funds 2021 Income Expend. Transfer In/(Out) Total Funds 2022 Unrestricted Funds General Fund Progressive 86,509 295,979 54,164 1,052 34,136 966 107,503 297,031 382,488 55.216 34.136 966 404.534 Restricted Funds Property/Building Fund United Appeal Earl Haig World Development Moderators Appeal Children's Society UCB Tearfund Sunday School 82,733 27.015 5,454 208 470 1.865 1,200 20 1,455 51 2,620 5,382 51 2,037 22,110 (1,366) 5,454 208 470 1,865 1,200 20 1.455 143 2,724 5,666 30 2,042 86,272 1,053 1,194 4,680 1,215 2,596 1,004 961 1,090 4,796 1,236 2,591 1,004 Boys Brigade Charlie Mccay Bursary Youth Council Recreation Club 400 94,475 47.828 43.387 (966) 97,950 14. RELATED PARTY TRANSACTION None of the Trustees (or any persons connetted with them) received any remuneration or benefits from the Church during the year. The congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland, a separate charity". £5,099 for congregational assessments £5,883 towards the United Appeal £470 toward the World Development Appeal The congregation contributed £648 towards Presbytery Assessments during the year. There were no other related party transartions. 23