GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2022 Registered Charity in Northern Ireland INIC106372)
GLENMANUS REFORMED pRE5BERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND REFERENCE AND ADMINISTRATIVE DETAILS Glenmanu5 Reformed Presbyterian Church congregation of the Presbyterian Church in Ireland 23-25 Portstewart Road Portrush County Antrim 8T56 8EH Registered Charity in Northern Ireland INIC1063721 CHARITY TRUSTEES The CharityTrustees 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 Treasurer5 Rev Sarnuel G Mccollum Mr Carlisle Mccollum Dr Marion Wright & Miss Zara Carson INDEPENDENT EXAMINER Dr R I Peters Gallagher, OBE. FCA Moore INI) LLP 32 Lodge Road Coleraine BT52 INB BANKERS Danske Bank Limited Donegal Square West Belfast BTI 6JS
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF GLENMANU5 REFORMED pRE5BERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND I report on the accounts of the charity for the year ended 31 December 2022, which are set out on pages 2 to 9 of the Financial Statements. Re5pertive responsibilities of trustees and examiner A5 the charitvs trustee5 you are responsible for the preparation of the accounts in accordance with the Charities Act INorthern Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charities Act follow the procedures 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 examinerfs 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 Ibl of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those record5. It also included a consideration of any unusual items or disclosures in the account5 and seeking explanation5 from you as charity trustees 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 examiner's statement I have completed my examination and have no concerns in respect of the matters111 to141 above and. in connection with following the Direttions 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 INII, 32 Lodge Aoad, Coleraine, BT52 1 NB Date:
GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND STATEMENT OF FINANCIAL A1VITy {Receipts and Payments Account) for the year ended 31 December 2022 Note Unrestricted Fund5 Restricted Endowment Funds Funds Total 2022 Total 2021 Receipts Donations and legacies Charitable activities Other trading activities Investment Income 71,240 8,389 79,629 72,514 797 799 1,078 72,037 8,391 80,428 73,592 Sale of Investments Sale of fixed assets Loans Received Total Receipts 72,037 8,391 80,428 73.592 Payments Raising Funds Charitable activities Investment costs Other 126 84,965 126 93,942 126 61,177 8,977 Total Payments 85,091 8,977 94,068 61,303 Net receipts 1 (payments) Transfers between funds 113.0541 15861 113,6401 12,289 Net movement in funds Funds brought forward 113,054 135,603 15861 3,320 113,6401 12,289 138,923 126,634 Funds carried forward li 122,549 2,734 125,283 138,923
GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND srATEMEKf OF ASSEfs AND UABILMES As at 31 Drnber 2022 Unrestricted RÉstricted Endowment Totsl Funds Total Funds Fur5 FurMIs 2022 2021 Funds Reconciliation Bank and Cash atstsrt of year Net movement in funds 135,603 I,054) 3,320 1586) 138,923 (,FA0) 126,634 12,289 Bank and Cash at end of year 122,549 125,283 138,923 Bank & Cash BalarKes Danske Bank General Account Patton Tnjstees Account Women's FelI0vhIp Sabbath Sthool Media Library Friendship Group National Savtngs & Invesknents 75.455 1,911 88514 1?39 649 93 264 316 47,094 264 343 47,089 125,283 138,923 Fed Assets- Note 9 Church builrfings and contents ' Communion Set Lawnmowers Gtft reiable on donations 125.283 138,923 Liabilities (N/A) {N/A) Approved by the Sesslon at a meeting on and Sied on rts behalfby Mr C Mccollum A'& Rev S G Mccollum
GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2022 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 Chartties (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipt5 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 unrestrirted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise lal 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 ba51S. 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. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Recorded giving= Free Will Offering L005e Collections Donations and gifts Gift Aid 57,730 1,116 535 11,859 57,730 1,116 8,924 11,859 55,540 1,084 2,870 13,020 8,389 71,240 8,389 79,629 72,514
GLENMANUS REFORMED PRESBITERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2022 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants OTHER TRADING AcfiviTIES Unrestricted Funds Restrirted Endowment Funds Funds Total 2022 Total 2021 Letting of premises Wayleave Power N.1. Refund (Church Hall) INVESTMENT INCOME Unrestricted Funds Restrirted Funds Endowment Fund5 Total 2022 Total 2021 Deposit interest General Investment Fund Rents investment propertie5 Other investment income 797 799 1,078 797 799 1,078
GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OFTHE REFORMED PRESBrfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2022 RAISING FUNDS Unrestricted Funds Restricted Endowment Fund5 Funds Total 2022 Total 2021 FWO envelopes 126 126 126 126 126 126 CHARITABLE A1VITIEs Unrestricted Fund5 Restricted Endowment Fund5 Fund5 Total 2022 Total 2021 Presbytery Fees Ministry and support staff costs Congregational running expenses Donations to Missions & charities Mission Committee Camp fees 168 33,000 30,507 21,290 168 33,000 31.179 29,595 184 31,883 13.430 15,680 672 8,305 84,965 8,977 93,942 61.177
GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2022 OTHER EXPENDITURE Unrestrirted Funds Restritted Endowment Funds Funds Total 2022 Total 2021 Sexton Books etc. Bank Charges Repairs Advertising Rates, heat and light Congregational Weekend Gift Aid FIXED AssErs The congregation owns the Church premises situated at 23-25 Portstewart Road, Portrush, BT56 8EH and the a550ciated fixtures, fittings, plant and machinery. The Church and Church Hall are deemed to be Heritage assets as defined by the Charities SORP {FR5102}. 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 c05t commensurate with the benefit to the users of the accounts and to the church. The Manse was built in 1900. There are no reliable records of the cost of this construction/ acquisition and valuation approach for such a building lacks sufficient reliability. As a result, this building is not recognised in the Statement of Assets 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 Liabilities.
GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (convdl 31 December 2022 10. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2022 2021 National Savings & Investments
GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS Icont'd) 31 December 2022 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds General Account 135,603 72,037 85,091 113,0541 122,549 135,603 72,037 85,091 113,0541 122,549 Restrirted Funds General Fund Patton Trustees Account Women'5 Fellowship Sabbath School Media Library Friendship Group 7,498 7,498 30 1,120 33 1,939 649 125 264 343 1271 14991 1331 1,912 150 92 264 316 621 270 297 1271 3.320 8,391 8,978 15861 2,734 Endowrnent Funds Total 138,923 80,428 94,069 113,6401 125,283 io