an WestKir Lookirig upwoids li Iwoids <JfiO OL,Iwc= West Kirk Presbyterian A congregation of the Presbyterian Church in Ireland Trustees. Financial Statements for the year ended 31 December 2023 Reglstered with the Charity Commission for Northern Ireland Charity Commission NI Registration No: 104287
WestKir West Kirk Congregation of the Presbyterian Church in Ireland Statement of Financial Artivity (Receipts and Payments Account) for the Year Ended 31 December 2023 Note Unrestrlcted Fund5 Restricted Endowment Funds Funds Total 2023 Total 2022 Receipts Donations and Legacies Charitable activities Other trading activities Investment income Other {Grant/Organisationsl 121,973 14,994 3,016 106 24 136,967 3,016 776 1,793 5,177 112,293 2,149 340 300 23,754 670 1,769 1,832 3,345 126,244 21,485 147,729 138,836 sale of Investments Sale of Fixed Assets Proceeds of Amalgamation 2,553 2,553 177,613 Total Receipts 126,244 24,038 150,282 316,449 Payments Raising Funds Charitable Activities Investment Costs Other 299 136,173 299 177,044 435 166,819 40,871 136,472 40,871 177,343 167,254 Purchase of Investments Purchase of Fixed Assets Loan Repayments 48.253 Total Payment5 136,472 40,871 177.343 215,507 Net Receipts / Payments 110,228) 116,833) (27,061) 100,942 Transfers between Funds (27,7191 27,719 Net Movernent in Funds (37,947) 10,886 (27,0611 100,942 Funds brought forward 130,838 32,707 163,545 62,603 Funds carried forward 12 92,891 43.593 136,484 163.545 Page I
WestKir West Kirk Congregation of the Presbyterian Church in Ireland Statement of Assets and Liabilities As at 31 December 2023 Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Funds Reconclllatlon Bank & Cash at Start of Year Net Movement in Funds 130,838 -37947 32,707 10,886 163,545 27,061 62,303 100,942 Bank & Cash at End of Year 92,891 43,593 136,484 163,245 Bank & Cash Balances Bank Current Accounts Balances held by Organisations Cash in Hand 129,565 6,193 726 157,131 6,414 136,484 163,545 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 it% 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 onPage6. Liabilities There were no liabilities requiring disclosure at 31st. December, 2023. For the Year ended 31st.December 2023, the charity was entitled to exemption from audit under Section 65 of the Charities Act (Northern Ireland) 2008. Trustees. Res onsibilities - The members have not required the charity to obtain an audit of its 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 the accounting records and the preparation of accounts. The financial statements were approved by the Trustees of West Kirk and signed on their behalf by . Mr George Ste Trustee & Clerk of Session Mr David Kane Trustee 20th. February, 2024. 20th. February, 2024 . Page 2
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.
tKir West Kirk Congregation of the Presbyterian Church in Ireland Notes to the Accounts for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basis of Preparation 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 the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) (effective 1st. January 2019) and the Charities SORP IFRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021. As the total income of the congregation 15 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 West Kirk Presbyterian Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenvise stated in the relevant accounting policy notes. Preparation of the accounts on a going concern basls West Kirk Presbyterian Church has prepared the accounts on a going concern basis. The balance sheet remains strong, with strong continued support by the members. 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 (al 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 15 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 . DONATIONS and LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total , 2022 Recorded Giving IFWOI Loose collections Donations & Gifts Gift Aid Received Legacies & Bequests 69,001 6,983 4,713 15,805 25,471 8,680 3,611 2,703 77,681 10,594 7,416 15,805 25,471 76,602 8,367 14,062 12,336 926 121.973 14.994 136.967 112,293 Page 3
West Kirk Congregation of the Presbyterian Church in Ireland Notes to the Accounts (cont'd.) for the Year Ended 31 December 2023 CHARITABLE AcfiviTIES Unrestricted Restrlcted Endowment Funds Funds Funds Total 2023 Total 2022 Income from charitable activities Hospitality / Care & Concern Fundraising events (United Appeal) Membership fees Grants (Women's Worker Funding) 2,300 716 2,300 716 960 509 680 3.016 3,016 2.149 OTHER TRADING AcfiviTIES Unrestrlcted Restrlcted Endowment Funds Funds Fund5 Total 2023 Total 2022 Letting of Premises/Use of Halls Trading Income 670 106 776 340 670 106 776 340 INVESTMENT INCOME Unrestricted Restricted Endowment Funds Funds Funds Total 2023 Total 2022 Deposit interest General Investment Fund Rents frorn investment property Other investment income 1,717 52 1,717 76 229 71 24 1,769 24 1,793 300 Page 4
WetKir West Ki rk Congregation of the Presbyterian Church in Ireland Notes to the Accounts (cont'd.) for the Year Ended 31 December 2023 OTHER INCOME Unrestricted Restrlcted Endowment Funds Funds Funds Total 2023 Total 2022 Funding for Intern for Schools Miscellaneous Income Other income (Organisations) Loan from CMF 11,655 1,832 1,832 3,345 3,345 2,962 9,137 1.832 3,345 5.177 23.754 Proceeds of Amalgamation 2,553 2.553 177.613 (Costs ofj RAISING FUNDS Unrestrlcted Restricted Endowment Funds Fund5 Funds Total 2023 Total 2022 FWO Envelopes Fundraising Events 299 299 435 299 299 435 CHARITABLE ACTIVITIES (Payments) Unrestricted Restricted Endowment Funds Funds Funds Total 2023 Total 2022 General Assembly Assessments Presbytery Fees Ministry & Support Staff Costs Congregational Running Expenses Donations to Missions & Charities Governance Costs 16,911 624 16,911 624 91,873 53,599 10,975 3,062 16,474 733 84,599 44,104 18,215 2,694 91,873 20,853 2,973 2,939 32,746 8,002 123 136,173 40,871 177.044 166,819 Page S
WestKir West Kirk Congregation of the Presbyterian Church in Ireland Notes to the Accounts (cont'd.) for the Year Ended 31 December 2023 OTHER EXPENDITURE Unrestrlrted Restricted Endowment Funds Funds Funds Total 2023 Total 2022 Purchase of Fixed Assets Loan Repayments 48,253 48,253 10 FIXED ASSErs 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 (amalgamatedl Church premises of the former Crurnlin Road Presbyterian Church atTennant Streel, 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 5,722,249 513,624 431,233 4,133,304 Total 10,800,410 (31110123) li INVESTMENTS The congregation has the following investments . (Amounts are shown at market valuation) 2023 2022 General Investrnent Fund - Rebecca Trust General Investment Fund - Crumlin Road Propertv Other Investments { 63 shares) (198 shares) 839 2,639 770 2,420 {@ 31112123) 3.478 3,190 Page 6
WestKir West Kirk Congregation of the Presbyterian Church in Ireland Notes to the Accounts (cont'd.) for the Year Ended 31 December 2023 12 FUND BALANCES Fund Balance Receipts Payments Surplus/ Transfers at Start (Deficit) Balance at end Unrestrirted funds General fund 130,838 126,244 136,472 (10,2281 127,719) 92,891 130838 126244 136472 -10228 -27719 92891 Restricted funds Balances due to Organisations Care & Concern Fund Property Fund Appeals Funding Grace and Hope Funding Outreach Worker Funding Frances Stewart Training Fund ROC Account (Toilet Grant) Mum5/Dads Groups Funding Insurance Payment Received 6,414 3,345 716 2,300 1,085 12,291 3,566 716 23,695 7,409 5,485 (221) 6,193 1?.1,3951 16,324) 6,806 21,395 6,324 7,508 16,763 14,314 16,763 1.749 2,552 2,022 1,749 2,552 1,749 2,552 2,022 32.707 24,038 40,871 -16833 27,719 43.593 Endowment funds TOTAL 163,545 150.282 177.343 -27061 136,484