an WestKir l.ooking upwards. inwards ond outwo West Kirk Presbyterian A congregation of the Presbyterian Church in Ireland Trustees. Financial Statements for the year ended 31 December 2022 Registered with the Charity Commission for Northern Ireland Charity Commission NI Registration No: 104287
West Kirk Presbyterian Church Statsment of Financial Activities (incorporating the Receipts and Payments Account) for the year ended 31 December 2022 Unrestricted General Restricted 2022 Total 2021 Total Income from: Donations and Legacles Charitable Actlvlties other trading activities Investment Income Other Income soUs 99,090 13,203 2,149 112,293 2,149 340 300 91,375 21,406 508 91 283 17 Total Income 108,850 29,986 138.836 130,861 Proceeds of Amalgamation 177,613 177,613 Total Reipts 286,463 29.986 316.449 130,861 Expenditure on: Raisinq Funds Charitable Activities Other 435 129,958 435 166,819 413 143,327 36,861 Total Expendlture 178.646 36,861 215.507 143.740 Net Income / (Expenditure) for the Year 107,817 (6.875) 100,942 (12.879) Transfers 12 (24,054) 24,054 Revaluation of Investrnent Assets Net movement In Funds 83,763 17,179 100,942 (12,879) Reconciliation of Funds Fund Balances Brought Forward 12 47,075 15,528 62,603 75,482 Fund Balances Carried Forward Iz 130 838 163 545 All income derives from continuing activities, therefore no statement of recognised gains or losses is given. The notes on pages 12 to 15 forni an integral part of these financial statements. Page 10
West Kirk Presbyterian Church statement of Assets and Liabilities as at 31 December 2022 Unrestrirted Restrlcted Endowment Funds Funds Funds Total 2022 Total 2021 Funds Reconciliation Bank & Cash at Start of Year Net Movement in Funds 47,075 15,528 62,603 100 942 75,482 Bank & Cash at End of Year 130.838 32.707 163.545 62.603 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Balances held by Organisations Cash in Hand 157,131 6,414 54,205 8,398 163,54S 62,603 The congregation has reviewed the basis on which It prepares Its accounts, and in order that these are prepared on a strict Receipts and Payments basis, it has eliminated from its Fund Balances any funds which are not held in Bank or Cash balances . Any other funds which the congregation holds in particular investments are disclosed by way of Notes 10 & 11 on Pages 14 and 15 LiabilitFes Loan from CMF Other - Insuran Clalm Repayable 39,116 39.116 For the year ended 31 December 2022 the charity was entitled to exemption from audit under section 65 of the Charities Act (Northern Ireland) 2008. Tru5tees' responsibilities: The members have not required the charity to obtain an audit of tts accounts for the year in question in accordance with section 65; and The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements were approved by the Trustees of West Kirk and signed on their behalf: Mr Roy hompson Trustee & Clerk of Mr Geotge St wart Trustee & Chairman of Committee ion 21st. Februa Date 2023 21st. February 2023 Date The notes on pages 12 to 15 form an integral part of these financial statements. Page11
The additional financial information provided on the following Pages does not form part of the congregation's independently-examined Church Accounts. The figures shown have , however , been incorporated into the accounts on which the congregation's Independent Examiner has given their report.
West Kirk Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2022 l. A¢¢ounting Policies a) Basis of PrepBr" 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 the Financial ReporttTrg Standard applicable in the UK and Republtc of Ireland (FRS 102) (effective l January 2019) and the (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). As the total income of the congregation is less than £250.000. excluding the proceeds of amal- gamation with Crumlin Road Presbyterfan Church, the congregation have eletted, In accordance with the provisions in the Charities (Accounts and Reports) Regulatlons (Northern Ireland) 2015, to prepare its accounts on a Receipts and Payments basis . West Kirk Presbyterlan Church meets the deflnition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless Otherwise stated in the relevant accounting policy notes. b) Preparation of the accounts on a golng concern basls West Kirk Presbyterian Church has prepared the accounts on a going concern basls. The balance sheet remains strong with strong continued support by the members. The Trustees have considered this In the knowledge that on the 30th January, the World Health Organisation (WHO) announced Coronavirus as a global health emergency and on the Ilth March 2020, It announced that Coronavirus was a global pandemic. c) Fund Accounting Endowment funds are funds, the capltal of which must be retained either pemanently 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 (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and ilb) 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 . 2. Donations and Legacies Unrestricted Restricted Endowment Fund5 Funds Funds Total 2022 Total 2021 Recorded Glving (FWO) Loose collections Donations & Gifts Gift Aid Received Legacies & P)equests 69,927 5,895 10,006 12,336 926 6675 2472 4,056 76,602 8,367 14,062 12,336 926 67,389 6,503 4,203 12,461 819 99.090 13.203 112.293 91.375 Page 12
West Kirk Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2022 3. Charitable Activities Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 Income from charitable activitles Hospitality / Care & Concern Fundraising events (United Appeal) Women's Worker (Grant) 960 509 680 960 509 680 850 60 20,496 2 149 21 406 4. Other Trading Activities Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 Letting of Premlsesluse of Halls 340 340 508 340 340 508 5. Investment Income Unrestrlcted Restricted Endowment Funds Funds Funds Total 2021 Total 2021 Deposit interest General Investment Fund 229 54 229 71 75 16 17 283 17 300 91 6. Other Income Unrestrtcted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 Funding for Intern for Schools Funding for Mum5/Dads Group Other income (Organisaiions) Loan from CMF Insurance claim 11,655 11,655 2,962 2,962 9,137 1,719 15,762 9,137 23 754 17 481 Proceeds of Amalgamation 177613 177,613 Page 13
West Kirk Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2022 7. (Costs of) Raising Funds Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 FWO Envelopes Fundraising Events 435 435 413 435 435 413 8. Charitable Activities Unrestricted Restricted Endowment Funds Funds Funds Totsl 2022 Total 2021 General Assembly Assessments Presbytery Fees Ministry & Support staff Costs Congregational Running Expenses Donations to Missions & Charities Governance Costs 16,474 733 84,599 19,865 5,610 2,677 16,474 733 84,599 44,104 18,215 2,694 16,219 719 93,986 21,669 8,208 2,526 24,239 12,605 17 129 958 166 819 143 327 9. Other Expenditure Unrestricted Restrlcted Endowment Funds Funds Funds Totsl 2022 Total 2021 Purchase of Fixed Asset5 Loan Repayments 48,253 48,253 10. Flxed Assets The congregation owns the Church premises Situated at 236A Shankill Road, Belfast, together with the halls at Conway Street, Belfast and the Manse at 628 Crumlin Road, Belfast, and the (amalgamated) Church premises of the former Crumlin Road Presbytertan Church at Tennant Street, Belfast, along with the associated fixtures. fittings, plant and equipment . The insurance values of each, as at last renewal date, are shown below Church Premises & Halls - Shankill Road Conway Street Halls Manse - Crumlin Road Church Premises & Halls - Crumlin Road 5,388,182 483,638 406,057 3 892 000 Total 10,169,877 (31/10122) Page 14
West Kirk Presbyterian Church Notes to the Financial Statements for the year ended 3 1 December 2022 11. Investments The congregation has the following investments (Amounts are shown at market valuation) 2022 2021 General Envestment Fund - Rebecca Trust General Investment Fund - Crumlin Road Property other Investrnents {63 shares) (198 shares) 770 2420 839 (@ 31112122) 3190 839 12 FUND BALANCES Fund Balance Receipts Payments Surplus/ Transfers at start (Deficit) Balance at end Unrestrirted funds General fund 47,075 286.463 178,646 107.817 (24,054) 130,838 47,075 286,463 178,646 107.817 (24,054) 130,838 Restrlcted funds Balances due to Organisatlons Property Fund Appeals Funding Women's Worker Fundinq Grace & Hope Funding Intern for Schools Funding Mums/Dads Groups Funding Insurance Payment Recelve(i 8,397 3,488 960 4,736 5,472 17,655 12,095 -1,984 (16,695) (7,359) 6,413 16,695 7.359 2.076 2.076 7,508 14,688 2,022 9.147 11,655 1,639 7,508 11,655 3,033 2,022 15.528 29,986 3661 -s75 24.054 32.707 Endowment funds TOTAL 62,603 316,449 215,507 100,942 163,545 Page15