an
GLENDERm0￿ PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
STATEMENT OF FINANCIAL ACtIVITY
for the year ended 31 December 2022
Income and Endowments from:
Donations and legacies
Charitable artivities
Other trading activities
Investments
Other
94.544
129,659
13,937
1.837
151
224,203
13,937
1,887
378
219,330
11,458
451
390
1,235
50
203
24
Total
94,797
145.589
24
240,410
232.864
Expenditure on:
Raising funds
Charitable activities
Other
{2,2271
{89,827)
{0)
12.227}
12,4181
101 {248,168} 1218,5211
12.212}
1158.3411
12.2121
Total
192.054) (160.553)
(01 (252,6071 1220,939)
Net gains/llossesl on investments
1278)
(2781
386
Net Income / {expenditure)
Transfers between funds
Gainslllosses on revaluation of
fixed a55ets
2.743
12.182)
114.964)
2,182
1254) 112,4751
12,311
Net movement In funds
Reconciliation of funds-
Total funds brought forward
561
112.782)
(254) (12,475)
12,311
90,678
4,162.694
27.124 4,280,496 4.268.185
Total funds carried forward
91.239
4.149.912
26,870 4.268.021 4,280,496
IIIPage

an
GLENDERMOTT PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
BALANCE SHEEr
As at 310ecember 2022
Flxed assets:
Tangible assets
12
0 4.089.090
4,089,090 4.175.661
Donated assets
18
6,170
6.170
6,170
Investments
13
3.104
3,104
3,382
Total fixed assets
0 4.095,260
3,104 4,098.364 4,185.213
Current assets
Debtors
14
21.545
26.835
48,380
47.818
Current Investments
Cash at bank and in hand
15
69.814
96.128
23,766
189,708
181.922
Total current assets
91.359
122,963
23,766
238.088
229,740
Llabilities:
Creditors.. Amounts falling due
within one year
16
120
68,311
68.431
83,043
Net current a55ets or liabilities
91,239
54,652
23,766
169.657
146,697
Total assets less current Ilabllltles
91,239 4,149,912
26.870 4.268.021 4,331,910
Creditors.. Amounts fallin8 due after
more than one year
17
51,414
Provisions for liabilities
Total net assets or liabilities
91.239 4.149.912
26.870 4.268.021 4.280,496
121Page

an
GLENDERm0￿ PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
BALANCE SHEET
As at 31 December 2022
Funds of the charlty
Endowment funds
19
26.870
26,870
27,124
Restricted income funds
19
0 4.149.912
4,149,912 4,162.718
Unrestricted funds
19
91,239
91,239
90.654
Revaluation reserve
19
Total charity funds
91,239 4.149.912
26.870 4,268,021
4.280.496
Approved by the Kirk Session at a meeting on 4th April 2023 and signed on its behalf by
Rev. Stephen Hibbert Iminister)
Mr
avid Campbell IF.C.C.A) Honorary Treasurer
th
Date.. 4 April 2023
th
Date.. 4 April 2023
131Page

an
GLENDERMorr PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
31 December 2022
ACCOUNTING POUCIES
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 IFRS1021 {effective l January 20151.
The financial 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. a55ets 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. nor those that are informal gatherings of church members.
FUND ACCOUNTING
Endowment fund5 are funds. the capital of which must be retained either permanently or at the
conBre8ation'5 discretion: the income derived from the endowment is to be used either a5 restricted or
unre5tritted income funds depending upon the purpose for which the endowment was established in the first
place.
Restricted funds comprise la} income from endowments which is to be expended only on the restricted
purposes intended by the donor and Ibl 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 basis.
Unrestricted funds are income funds 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.
141Page

an
GLENDERm0￿ PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
31 December 2022
ACCOUNTING POLICIES(¢onVd)
INCOMING RESOURCES
Recognition of Incomlng resources
These are included in the Statement of Financial Activities {SoFA} when:
the con8reEation becomes entitled to the resources;
the trustees are virtually certain they will receive the resources,. and
• the monetary value can be measured with sufficient reliably.
Incoming resources With related expenditure
Where incomin8 resource5 have related expenditure la5 With fundraising income) the incoming resources and
related expenditure are reported gross in the SOFA.
(1111 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 donatlons and gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they
relate.
(v) Glfts In klnd
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 incomin8 resources when
receivable.
lvl) Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees, annual
report.
{vlll Investment income
This is included in the accounts when receivable.
(vlll) 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.
151 Page

an
GLENDERMOTh PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
31 December 2022
ACCOUNTING POUCIES (convdl
EXPENDITURE AND LIABILITIES
(ixl
Liablllty recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committin8 the congregation to
pay out resources.
Governance costs
These are shown within charitable activities and include the costs of preparation and examination of account5,
the costs of trustee meetings and cost of any legal advice to trustees on 8overnance or constitutional matters.
ASSEts
Ixil Tanglble Flxed Assets
Tangible fixed assets for use by charity are capitalised if they can be used for more than one year. and cost at
least £2,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation is recorded on all tangible fixed assets other than freehold land. at rates calculated to write of the
cost, less estimated residual value, of each asset over its expected useful life as follows
Building5'.
Fixtures, fittings and equipment
- over 50 years
- over 10 years
(xii) Investments
Investments quoted on a reco8nised stock exchange are valued at market value at the year end. Other
investment assets are included at trustees, best estimate of market value.
161 Page

an
GLENDERm0￿ PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS Iconvd)
31 December 2022
DONATIONS AND LEGACIES
Recorded giving=
Loose collections
Donations and gifts
Gift Aid
Legacies and bequest
78.760
289
57.732
7.715
48,006
16.206
136,492
8,004
48.006
31.701
153,537
460
34,503
30,830
15,495
129.659
224.203
219,330
CHARITABLE ACtIVITIES
Income from charitable activities
2,362
2,362
1.612
Fees from weddings and funerals
915
915
1,745
Membership fees
Fundraising events
Grants
3,569
2.111
4,980
3,569
2,111
4,980
3.919
1,560
2.622
13.937
13.937
11.458
171Pa8e

an
GLENDERMOTT PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS Iconvd)
31 December 2022
OTHER TRADING AcfiviTIES
Lettin8 of premises
Trading income
438
1.399
438
1,449
250
201
50
1.837
1.887
451
INVESTMENTS
Deposit interest
General Investment Fund
Property Rents
Other investment income
185
ioi
24
310
324
18
50
66
203
24
378
390
181 Page

an
GLENDERMOTh PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (convdl
31 December 2012
OTHER INCOME
Other income
1,235
1.235
RAISING FUNDS
FWO envelopes
Fundraising events
2,227
2.227
2,418
2,227
2,227
2,418
191 Page

an
GLENDERm0￿ PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (¢onVdl
31 December 2022
CHARITABLE ACTIVITIES
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donations to Missions and charities
Governance costs
66,869
1,025
11.426
9,502
789
216
66,869
1,025
11,676
145,327
23,055
216
65,920
1,025
11.601
120.433
19,302
240
250
135.825
22.266
89,827
158.341
248.168
218.5ZI
OTHER EXPENDITURE
Purchase of fixed assets
2.212
2.212
2,212
2,212
20IPage

an
GLENDERm0￿ PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTE5 TO THE ACCOUNTS Iconvd)
31 December 2022
io.
EMPLOYEES
Employment Costs
Total
Funds
2022
Total
Funds
2021
Wages and Salaries
Social Security Costs
Pension contributions
47.206
4,145
9,012
46.380
3,849
8,813
60,363
59,042
Number of Employees
The average number of employees, including the minister of the congregation, during the yearwas
Average number of employees
There were no employees in receipt of employee benefits in excess of £60.CUI.
211 Page

an
GLENDERm0￿ PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (convdl
31 December 2022
ii.
PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme120091.
This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The
congregation pays an asse55ment to 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 Scheme12IX19) 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 meet current and future obligations. A formal schedule of contributions was
drawn up on 2 March 2022 whereby the Presbyterian Church agreed to pay from 31 December 2023
contributions of 24% 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 were
Total
Funds
2022
Total
Funds
2021
Contributions
9,012
8,813
221 Page

an
GLENDERm0￿ PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS {conVd)
31 December 2022
12.
TANGIBLE FIXED ASSETS
Cost or valuatlon
At start of year
Adjustment to opening balance
Additions
Disposals
Reclassification of assets
3,863.896
464.673
4.328,569
At end of year
3,863￿96 464,673
4,328,569
Depreciation
At start of year
Provision for year
Disposals
134,322
77.278
18,586
9.293
152,908
86.571
At end of year
211,61XJ
27.879
239,479
Net Book Value
At start of year
3.729.574 446,087
4,175,661
At end of year
3,652.296 436.794
4,089,090
13. INVESTMENTS
2022
2021
General Investment Fund
3.104
3,382
3.104
3,382
231Page

an
GLENDERMOTh PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (convdl
31 December 2022
13.
INVESTMENTS (Convd)
202Z
2021
Value at start of year
Additions
3,382
2,996
Disposals
Impairment
Gains / (Losses) on revaluation
12781
386
Value at end of year
3.104
3.382
14.
DEBTORS
2022
2021
Gift Aid Receivable/ Received
Debtors
Prepayments
30.707
10.725
6.948
30.679
10,387
6.752
48.380
47.818
15.
CASH AT BANK AND IN HAND
2022
2021
Dan5ke current a/c- No. I
Danske current a/c- No. 2
Dankse current a/c- Manse Fund
Danske current a/c- Cemetery
AIB deposit account
Progressive Building Society
Or8anisation5 Current accounts &
Cash in hand
70,068
74.659
1.123
2,887
70,708
65.792
1.153
1,886
23,766
17,199
23.742
18,635
189,708
181,922
241Page

an
GLENDERMorr PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS {conVd)
31 December 202Z
16.
CREDITORS: amount falling due within one year
2022
2021
Danske bank loan
Danske bank loan interest
Trade Creditors
Accruals
34,215
388
18,515
15.313
50.477
3,000
18,194
11.372
68.431
83.043
17.
CREDITORS: amount falllng due after more than one year
202Z
2021
Creditors- Danske bank loan
51,414
51,414
18.
Donated A￿ts
2022
2021
Audio Visual Equipment
6,170
6,170
6.170
6,170
251page

an
GLENDERMorr PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (convd)
31 December 2022
19.
FUND BALANCES AND RECONCILIATION OF FUNDS
Fund
Balance at
start
Income
Expend.
Gains/
Losses
Transfer
Balance at
end
Unrestricted Funds
General Fund
90.654
94,797
192,0301
12.1821
91,239
90.654
94.797
{92,030)
12.1821
91,239
Restrlrted Funds
Property/ Building Fund
Manse Fund Account
Cemetery Fund Account
Presbyterian Women
Sunday School
Girls Brigade
Boys Brigade
Mothers & Toddlers
67,178
1,153
1,886
1,173
107.198
250
1,148
2.645
395
1.936
7.512
567
132,6971
12801
11471
12,3631
11.2821
14.0031
17.3131
14731
(67,8701
73,809
1,123
2,887
955
15001
887
12911
6.155
6,099
230
3,797
6,298
224
2,737
2,348
838
E!11
iiooi
Bowling Club
Needlecraft Group
Youth Club
Audio Tape
Holiday Bible Club
Youth Fellowship
Evangelism
Missions & Charities
Capital ITFA)
Danske Bank Loan alc
AIB Deposit account
2,507
1.662
802
260
3,211
459
1301
(8751
14231
11,6501
91
30
11091
12
{9)
17.533
118.8281
186,5711
12,7431
1,295
4,175,661
{101.8921
4.089,090
{34,215}
70,420
4.162.718
143.149
1158,137)
2,182
4,149,912
Endowment Funds
Progressive BS
General Investment Fund
23,742
3,382
24
23,766
3.104
1278}
27.124
24
1278)
26.870
Total
4.280.496
237.970
(250.167)
12781
4,268,021
261 Page

an
GLENDERMOTh PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (convd)
31 December 2022
20.
RELATED PARTY TRANSAcnoN
One of the Trustees, the minister of the congregation received remuneration of £37,547 and expenses of
£7,126 for acting in that capacity. Pension contributions of £9.012 were paid by the congregation in respect of
the minister to the Presbyterian Church in Ireland Pension Scheme12009). None of the other trustees received
any remuneration, but 3 trustees claimed expenses of £292 during the year in connection with their duties.
During the year the congregation contributed the following amounts to Funds of the General Assembly of the
Presbyterian Church in Ireland a separate charity:
£66,869 for congregational assessments
£11,491 towards the United Appeal
£663 towards the World Development Appeal
£3.OCrf) towards the Ukraine Moderators Appeal
£2,381 towards the Presbyterian Orphan Society
£640 towards the Student Bursary
The congregation contributed £1,025 towards Presbytery A55essments durin8 the year.
There were no other related party transactions.
271Page