CHARITY REGISTRATION NUPJtBER: NIC105642 Swatragh Congregation of the Presbyterian Church in Ireland Unaudited Financial Statements 31 December 2021 ROBERT J GILMOUR F.C.A. Chartered accountants Gilmour & Co Limited 25 High Street Carrickfergus Co Antrim BT38 7AN
Swatragh Congregation of the Presbyterian Church in Ireland Financial Statements Year ended 31 December 2021 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements 10
Swatragh Congregation of the Presbyterian Church in Ireland Trustees, Annual Report Year ended 31 December 2021 The Iruslees present their report and the unaudited financial statements of the tharity for the year ended 31 December 2021. Reference and administratlve detalls Registered charty name Swalragh Congregation of the Presbyterian Church in Ireland Charity registration numbgr NIC105642 Prlncipal office The trustees Rev. J Martin Mr C Bolton Mr l Bolton Accountants Chartered accountants Gilmour & Co Limited 25 High Street Carrickfergus Co Anlrim BT38 7AN Structure> govemance and management The Kirk Session The charity trustees of the congregation are the members 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 lo watch over and promote the spiritual interest of the congregation and of persons not connected with any congregation who are within its bounds. It ensures pastor21 care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and seNice in the local community. The Kirk Session has delegated lo its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging lo the conggation. IAembers 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 congregation. All members are entitled to propose, speak and exercise equal voles al meetings, except that the Moderator, the minister in actwe duty in the congregation, has no deliberative bul only a ¢2sting vote. ststed meetings of the Kirk session are held at least four b'mes in each year. To be chosen for the office of the eldership in the congregation a person rnust be a voting member and a regular attendant al its ordinances. The selection of those proposed to be called lo the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain -thirds of those who vole.
Swatragh Congregation of the Presbyterian Church in Ireland Trustees, Annua5 Report (C¢tinued) Year ended 31 December 2021 Structure. governance and management (continued) Presbytery Under the Presbyterian Church in Ireland form 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 Il by the General Assembly of the Presbyterian Church in Ireland. Clough congregation of the Presbyterian Church has been assigned lo the Ballymena Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned lo it by the General Assembly. minsters who have retired from active duty and an elder appointed by the Kirk Session of each congregation. The General Assembly The General Assembly is the supreme court of the Church, representing in one body the whole Church and aeling as its supreme legislative, administr21ion and judicial authority, in dealing with all matters brought before it. The General Assembly is normally conslituled during the first week in June for worship and lo 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 a represenlalive elder appointed by the Kirk Session of each congregation. Objecttves and activities The charitable purpose of the congregation is the adVanrnent of religion. Swalragh congregation of the 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 lo love and honour God through faith in His Son and by the power of His Spirit, and lo enable her members to play their part in fulfilling God's mission lo our world. The congregation's mission slalement is as follows-. Swalragh Presbyterian Church exists to propagate the Christian faith religion in the village of Swatragh, Co. Londonderry. The spiritual vitality and the material I social wellbeing of the local community are of paramount conrn to the Trustees. As those who have subscribed lo the Westminster Confession of Faith, the Trustees seek lo promote a culture where God is glorified, honoured and enjoyed - both in word and deed. Furthermore, the lfjrk Session seeks to provide a wam. caring and paslorally-sensitive environment for the entire family. Swatragh Presbyterian Church is a God-cenlred, community-based and family orientated community of Christians.
Swatragh Congregation of the Presbyterian Church in Ireland Trustees, Annual Report (continued) Year ended 31 December 2021 Objectives and activities (continued) ALL MEETINGS HAVE AND CONTINUE TO ADHERE TO GOVERNMENT GUIDELINES MEETINGS HAVE BEEN POSTPONED ON OCCASIONS DURING THE YEAR IN KEEPING WtTH THESE. WE ARE ALSO ADVISED BY THE PRESBYTERIAN CHURCH IN IRELAND ON BEST PRACTICE FOR SAFETY AND WELL BEING OF ALL CONCERNED. The congregation USUALLY meets for worship every Sunday and visitors are welcome to join WHERE APPROPRIATE SPACING OF PERSONS CAN BE OBSERVED. The Sacrament of the Lords Supper is observed on two occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted lo the Lord's Supper. The Congregation has a range of organisations including". Sunday School, Bible Class. Achlevements and performance Worship and prayer The congregation normally meets for worship each Sunday WHERE PERMISSABLE at 12.30pm (9.45am June, July. August and September). During the year we had people connected with the congregation who passed away and we sought to comfort those families. Al 31 December 2021 there were 12 communicant members and 17 families connected with the congregation. The average attendance at morning worship is 28. Pastoral care Members of the congregation who are unable lo allend church due to sickness or age are visited on a regular basis by the minister and elders. Mission and outreach The mission aspect of the cOngratIOn is founded on the mission purpose as sel out above and manifests itself in various ways as comp8ssionate Christianity. 1. Sunday School caters not onty for the young people of the Church but for young people from the local community who have no connection with the Congregation. PW caters for the congregation members and Is open to the wider community lo attend. 2. Kilrea Young Famers Club hold their annual Carol service in the Church every year. 3. Apart from Freewill offering, Repair Fund and the United Appeal charitable donations by the Congregation have been made inter alia to the following", Compasion UK, The Royal British Legion.
Swatragh Congregation of the Presbyterian Church in Ireland Trustees. Annual Report {continued) Year ended 31 December 2021 Achievernents and pgrft>rmancg (continued) The congregation supptsrts the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund Ènables congregations to support the wider mission of the denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel al home and over3eas, assists congregations with the deployment 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 ministry students, and financially supports congregation in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. The congregation also contributes to the Moderalorfs other special appeal when applicable. Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and one of the elders. This provides an important link between the congregations and the wider stmctures of the church. General Assembly The minister 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. Prope The Church has 4 acres of land for agriculture Current let on an annual basis and a domestic dwelling currently leased out. Choir The choir USUALLY le8ds the praise at special services usually Christmas and Harvest. These services were subject to limitation on account of COVID. Presbyterian Women The P.W. group is joint with Culnady and meets in Swatragh on a rotational basis. Sunday School Sunday School and Bible Class usually meet each Sunday moming from 11..30 - 12=25am and runs from November through to May. Due lo COVID restrictions numbers of children and young people are to be confirmed, but 2019 numbers were follows.. Sunday School lage 4 - 1114 pupils with 1 teachers Bible class lage 11 181 3 pupils with 1 teacher The children from Sunday School usually lead our Children's Day Service in late May.
Swatragh Congregation of the Presbyterian Church in Ireland Trustees. Annual Report (¢ontlnuedJ Year ended 31 December 2021 Achievements and perfomiance fcontlnued) Volunteers The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on comrnittees and helping with organisations and other Church aclivilies. Public Benefit statement The Presbyterian Church in Ireland meets the public benefit requirernent by providing benefrt to its members and the general public by making known the chrisb.an Gospel of the Lord Jesus Christ through the adVaNment of religion. The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliets as sel out in the Bible and in the Church's subordinate standards Ilhe Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response lo Bible leaching. In turn, this framework leads to practical expressions of Christian beliets 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 p$bYterieS or are organised and delivered cenlraSly. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noliceboards. printed materi81, press advertisement, websites, and social media or in other ways. Financial review The results for the year are shown on page 8. Unrestricted income exceeded expenses by £9,083 bring unrestricted reserves to £27,249.12020 - £18,386). There was a small deficit of £1,157 in restricted income. The Church Propety and its Investments have been disclosed in the Statement of Financial Position. This has been treated as a reslricled funds prior year adjustment, and reslricled funds now sland al ££640,930. Church property has been included at ils insurance value and Investments have been included al original cost. Trustees. responsibilities Statement The Iruslees are responsible for preparing the trustee5' report and the financial statements in accordan with applicable law and United Kingdom Accounb'ng Stsndards {United Kingdom Generally A¢pIed Accounting Practicel. The law applicable lo charities in Northern Ireland requires the charity trustees to prepare financial ststements for each year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
Swatragh Congregation of the Presbyterian Church in Ireland Trustees. Annual Report(wntinuedJ Year ended 31 December 2021 In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and prudent." prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, annual report was approved on 23111122 and signed on behalf of the board of trustees by.. Rev. J Martin Trustee Mr C Bolton Trustee
Swatragh Congregation of the Presbyterian Church in Ireland Independent Examiner's Report to the Trustees of Swatragh Congregation of the Presbyterian Church in Ireland Year ended 31 December 2021 I report to the Iruslees on my examination of the financial statements of Swatragh Congregation of the Presbyterian Church in Ireland I'the charity'l for the year ended 31 December 2021. ResponslbilitiÈ$ and basis of report As the Iruslees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northem Ireland) 2008 (the .2008 Act')- You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination. I report in respect of my ex8minab.on of the charty's financial statements as carried out under section 65 of the 2008 Act. In carrying OLJt my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 6519}{bl of the 2008 Act Independent examinefs statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause lo believe that in any material respect". accounting records were not kept as required by with section 63 of the 2008 Act,. or the financial statements do not accord with those records., or the financi81 statements do not comply with the accounting requirements of the 2008 Act., or the financial statements do not comply with the 8ppIic8ble requirements conceming the fom) and content of 2ccounls sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. l Confirm that there are no other matters to which your attention should be drawn to enable a proper understsnding of the accounts to be reached. Robert Indep our F.C.A. nl Examiner Gilmour & Co Limited 25 High Street Carrickfergus Co Antrim BT38 7AN 23 November 2022
Swatragh Congregation of the Presbyterian Church in Ireland Statement of Financial Activities Year ended 31 December 2021 2021 Restricted fund5 Total funds Totsl funds 2020 Unreslricled funds Note Income and endowments Donations and legacies Other trading activities Investment income 18,601 1,947 5,447 20,548 5,447 21,100 5,317 473 10 Total income 18,611 7,395 26,006 26,890 Expgnditure Expendrture on raising funds.. Costs of raising donations and legacies Expenditure on charitable activities Total expenditure 125 9,403 125 17,955 118 15,736 8,552 9,528 8,552 18,080 15,854 Net income 9,083 11,1571 7,926 11,036 Transfers between funds 12201 220 Net movemont in funds 8,863 19371 7,926 11,036 Reconciliation of funds Total funds brought forward as previously reported Prior year adjustment Total funds brought forward as restated Total funds carrled forward 18,386 15,400 626,467 33,786 626,467 22,750 18,386 641,867 640,930 660,253 22,750 27,249 668,179 33,786 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The not89 on pages 10 to 16 form part of these financial statements.
Swatragh Congregation of the Presbyterian Church in Ireland Statement of Financial Position 31 December 2021 2021 2020 Note Fixed ass9ts Tangible fixed assets Investments 13 14 534,967 91,500 626.457 Current assets Cash al bank and in hand 41.712 33,786 Net Current assets 41,712 33,786 Total assets less current liabilities 668,179 33,786 Funds ofthe charity Restricted funds Unreslricled funds 640,930 27,249 15,400 18.386 Total Charity funds 15 668,179 33.786 These financial statements were approved by the board of trustees and authorised for issue on 23111122, and are signed on behalf of the board by.. Rev. J Martin Trustee Mr C Bolton Trustee The note8 on pages 10 to 16 form part of these financial $tstements.
Swatragh Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements Year ended 31 December 2021 General information The charity is a public benefit enlty and a registered charity in Northem Ireland and is unincorporated. The address of the principal Offi is 70 Lismoyle Road, Swalragh. Magherafelt, Co Londonderry, BT46 5QU. Statement of compliance These financial statements have been prepared in compliance with the Charities Act (Nothern Ireland) 2008. Accounting policies Basis of preparatlon As the total income of the congregation is under £250,000 the Trustees have elected, in accordance with the provisions in The Charities (Accounts and Reports) Regulations (Northern Ireland), to prepare accounts on a Receipts and Payments basis. Going concern There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the Iruslees to further any of the charity's purposes. Designated fvnds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the temis of an appeal, and fall into one of sub-classes.. restricted income funds or endowment funds. Tangible assets Tangible assets consisting of the Church propety situated at 1-11 Kilre8 Road, Swatragh, Maghera BT46 5QD, and its fixtures and equipment have been brought into these accounts at their insurance value. Invostments Investments have been brought into account al their original cost. Impairrnent of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value eXedS the recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal al each reporting dale. 10
Swatragh Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements {contlnu8dJ Year ended 31 December 2021 Accounting policies (conllnued) Impaimiont of flxed a88etS (continued) For the purposes of irnpaimient tssb"ng, when it is not possible lo estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generaling unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment lesling of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated lo each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other as5els or liabilities of the charity are assigned to those units. Donations and legacies Unreslri¢led Funds Restricted Totsl Funds Funds 2021 Donations Recorded giving Loose collections Gift Aid Gift towards projector Bank Interest 15,155 925 2.429 1,812 16,967 925 2,564 135 92 92 18,601 1,947 20,548 Unrestricted Funds Restricted Total Funds Funds 2020 Donations Reeorcled giving Loose collections Gift Aid Gift towards projector Bank Interest 13,065 764 1,944 1,355 20 160 3,721 14.420 784 2,104 3,721 71 71 15,844 5,256 21,100 Other tTading activities Restricted Total Funds Funds 2021 Restricted Total Funds Funds 2020 Letting of premises Land rent Wayleave NIE 5,097 350 5.097 350 4,965 350 4,965 350 5,447 5,447 5,317 5.317 11
Swatragh Congregation of the Presbyterian Church in Ireland Notes to the FinanGial Statements (contlnued) Year ended 31 December 2021 Investment income Unrestricted Funds Reslricled Total Funds Funds 2021 Deposit interest 10 Unrestricted Funds Restricted Totsl Funds Funds 2020 Deposit interest 469 473 Costs of raising donations and 19gacies Unreslricled Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 FWO envelopes 125 125 118 118 Expenditure on charttable activtties by fund type Unreslricled Funds Restricted Total Funds Funds 2021 Support costs 9,403 8.552 17,955 Unrestricted Funds Restricted Totsl Funds Funds 2020 Support wsts 8,928 6,809 15,736 Expendbture on charitablg activities by activity type Support Total funds costs 2021 Total fund 2020 Main activity 17,955 17,955 15,736 12
Swatragh Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (¢onfrnuedJ Year ended 31 December 2021 10. Analysls of support costs Analysis of support costs activity 1 Total 2021 Total 2020 General Assembly Assessments Presbytery fees Ministry and support stsff costs Congregational running expenses United Appeal, Child Soc., E Haig Donations & Gifts Interest on bank loans and overdrafts Property expenses 2,232 76 3,887 1,771 1,020 1,765 18 7,186 2,232 76 3,887 1,771 1,020 1,765 2,030 101 4,676 1,807 998 300 7,186 5,811 17,955 17,955 15,736 11. Staff costs Staff Costs are described in the accounts as ministry and support staff costs. This is the stipend and expenses paid lo the minister. 12. Trustee remuneration and expenses The Church Minister received a stipend and expenses for his duties as Minister of our Church. This is included in Ministry costs. No Trustees recèived remuneration or expenses in their role as Trustee. 13. Tangible fixed assets Freehold property Cost At 1 January 2021 Additions 534.967 At 31 December 2021 534.967 Depreciatlon At 1 January 2021 and 31 December 2021 Carrying amount At 31 December 2021 534,967 At 31 December 2020 13
Swatragh Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2021 14. Investments Listed investments Cost or valuation At 1 Jsnuary 2021 Additions 91,500 At 31 December 2021 91,500 Impairment At 1 January 2021 and 31 December 2021 Carrying amount At 31 December 2021 91,500 At 31 Dember 2020 All investments shown above are held al valuation. Financial assets held at fair value Fixed Asset investments have been accounted for at their original cost priGe. 15. Analysls of charltable fund$ Unrestricted funds At Prior year 31 Dec 202 Transfers adjustments At 1 Jan 2021 Income Expenditure General Fund 18.386 18,611 19,5281 12201 27,249 At Prioryear 31 Dec 202 Transfers 8djustmentS Al 1 Jan 2020 Income Expenditure General Fijnd 11,369 16,313 {9,0461 1250) 18,386 14
Swatragh Congregation of the Presbyterian Church in Ireland Notes to the Financial Ststements IGonQnvedJ Year ended 31 December 2021 15. Analysis of charitable funds (¢ontsnvodJ Restricted funds At Prior year 31 Dec 202 Transfers adjustments Al 1 Jan 2021 Income Expenditure Renovation Fund Mission Funds Sunday School Fund United App., Ch'n Soc. Earl Haig Church Propety Investments 12,810 773 6.120 255 (7.1871 13451 11,743 903 220 1,817 1,817 1,020 11,0201 534,967 91,500 626,467 534,967 91,500 15,400 7,395 18,5521 220 640,930 At 1 Jan 2020 Prioryear 31 Dec 202 Transfers adjustments Income Expenditure Renovation Fund Mission Funds Sunday School Fund United App.. Ch'n Soc. Earf Haig Church Propety Investments 8,994 570 9,580 {5.7641 1471 12.810 773 250 1,817 1,817 998 19981 11,381 10.578 16,809) 250 15,400 16. Analysls of net assets belmeen funds Unrestricted Funds Restricted Total Funds Funds 2021 Tangible fixed assets Current assets 626,467 14,463 626,467 41,712 27.249 Net assets 27.249 640,930 668, 179 Unrestricted Funds Restricted Total Funds Funds 2020 Tangible fixed assets Current assets 18,386 15.400 33,786 Net assets 18,386 15,400 33,786 15
Swatragh Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (contlnu Year ended 31 December 2021 17. Prior year adjustments The assets representing the Church Building and the Investments have been adjusted through the Statement of Financial Activities as a Prior Year Adjustment. This results in Restricted Reserves increasing so as lo reflect the true Reserves of the Charity. 16