GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2023 Registered Charity in Northern Ireland (NIC106372)
GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED pREsBER1AN CHURCH OF IRELAND REFERENCE AND ADMINISTRATIVE DETAILS Glenmanus Reformed Presbyterian Church congregation of the Reformed Presbyterian Church of Ireland 23-25 Portstewart Road Portrush County Antrim BT56 8EH Registered Charity in Northern Ireland INIC106372) CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were: Rev Samuel G Mccollum Mr Thomas Carson Mr Ross Carson Mr Carlisle Mccollum PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev Samuel G Mccollum Mr Carlisle Mccollum Miss Zara Carson Dr Marion Wright INDEPENDENT EXAMINER Dr R I Peters Gallagher, OBE, FCA Moore {NII LLP 32 Lodge Road Coleraine BT52 INB BANKERS Danske Bank Limited Donegal Square West Belfast BTI 6J5
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND I report on the accounts of the charity for the year ended 31 December 2023, which are set out on pages 2 to 9 of the Financial Statements. Respective responsibilities of trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. exarnine the accounts under section 65 of the Charities Act follow the procedure5 laid down in the General Directions given by the Charity Commission for Northern Ireland under section 65191 of the charities Act state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the General Directions given by the Charity Commission for Northern Ireland under section 65191 Ib) of the Charities Act. My examination included a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. It also included a consideration of any unusual items or disclosures in the accounts and seeking explanations from you a5 charity tru5tee5 concerning any such matters. My role is to state whether any material matters have come to our attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is no further information needed for a proper understanding of the accounts to be reached Independent examinerfs statement I have completed my examination and have no concerns in respect of the matters (11 to14) above and, in connection with following the Directions of the charity Commission for Norther Ireland, I have found no matters that require drawing to your attention. Name.. Dr R I Peters Gallagher, OBE, FCA Professional Body: Chartered Accountants Ireland Address: Moore {Nll, 32 Lodge Road, Coleraine, BT52 1 NB Date:
GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account} for the year ended 31 December 2023 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading activities Investment Income 68,326 3,522 71,848 79,629 1,200 863 1,200 865 799 70,389 3,524 73,913 80,428 Sale of Investments Sale of fixed assets Loans Received Total Receipts 70,389 3,524 73,913 80,428 Payments Raising Funds Cha ritable activities Investment costs Other 126 75,824 126 79,499 126 93,942 3,675 Total Payments 75,950 3,675 79,625 94,068 Net receipts / {payments} Transfers between funds 15,561) (151) {5,7121 (13,6401 Net movement in fund5 Funds brought forward {5,561) 122,549 {1511 2,734 15,7121 {13,640) 125,283 138,923 Funds carried forward 11 116,988 2,583 119,571 125,283
GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IREIAND STATEMEMfoF ASSEfs AND UABIUTIES As at 31 December 2023 Unrestritted Funds Restricted Endowment Total Funds Total Funds Funds Funds 2023 2022 Funds Reconciliation 8ank and Cash at start of year Net movement In funds 122,549 (5,561) 2,734 (151) 125.283 (5.712) 138,923 (13,6401 Bank and Cash at end of year 116,988 2,583 119,571 125,283 Bank & Cash Balances Danske Bank General Account Patton Trustees Account Women's Fellowship Sabbath School Media Library Friendship Group National Savings & Investments 69,850 1,883 150 70 264 216 47,138 75,455 1,911 150 93 264 316 47.094 119,571 125,283 Other A55ets Fixed Asset5- Note 9 Church buildings and contents Communion Set Lawnmowers Gift Aid receivable on donations 119,571 125,283 Liabilities {N/A) {N/A) Approved by the Session at a meeting on 111412 and signed on its behalf by Rev S G Mccollum Mr C Mccollum Date: Date:
GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion; the income derived from 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 la) 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 basis. Unrestricted fund5 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. DONATIONS AND LEGACIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Recorded giving.. Free Will Offering Loose Collections Donations and gifts Gift Aid 54,279 1,187 200 12,540 54,279 1,187 3,842 12,540 57,730 1,116 8,924 11,859 3,642 68,206 3,642 71,848 79,629
GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Letting of premise5 Wayleave Power N.1. Refund 1,200 1,200 1,200 1,200 INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Deposit interest General Investment Fund Rents investment properties Other investment income 863 865 799 863 865 799
GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 FWO envelopes 126 126 126 126 126 126 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Presbytery Fees Ministry and support staff costs Congregational running expenses Donations to Missions & charities Mission Committee Camp fees 172 34,650 19,422 21,680 172 34,650 20,018 24,659 168 33,000 31,179 29,595 596 2,979 75,924 3,575 79,499 93,942
GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Sexton Books etc. Bank Charges Repairs Advert15ing Rates, heat, and light Congregational Weekend Gift Aid FIXED ASSETS The congregation owns the Church premises situated at 23-25 Portstewart Road, Portru5h, BT56 8EH and the associated fixtures, fittings, plant, and machinery. The Church and Church Hall are deemed to be Heritage assets as defined by the Charities SORP IFRS1021. These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the church. The Manse was built in 1900. There are no reliable record5 of the cost of this con5truction/ acquisition and valuation approach for such a building lacks sufficient reliability. As a result, this building is not recognised in the Statement of Asset5 and Liabilities. The contents of the properties have been acquired over a long number of years. There are no reliable records of the cost of these. As a result, the content is not recognised in the Statement of Assets and Lia bilities.
GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 10. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 National Savings & Investment5
GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2023 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Def icit) Transfer Balance at end Unrestricted Funds General Account 122,549 70,389 75,950 15,5611 116,988 122,549 70,389 75,950 15,561) 116,988 Restricted Funds General Fund Patton Trustee5 Account Women's Fellowship Sabbath School Media Library Friendship Group 2,386 2,386 30 800 23 1,911 150 93 264 316 1281 1,883 150 70 264 216 800 (231 336 436 iiooi 2,734 3,524 3,675 1151} 2,583 Endowment Funds Total 125,283 73,913 79,625 15,7121 119,571 io