an WestKir l.ovkii,g upwuids li Iwgid., UT IU C)L,Iwi.'. West Kirk Presbyterian A congregation of the Presbyterian Church in Ireland Trustees. Financial Statements for the year ended 31 December 2024 Registered with the Charity Commission for Northern Ireland Charity Commission NI Registration No: 104287
West Kirk Presbyterian Church Contents Page Contents Statement of Financial Activities Statement of Assets and Liabilities Notes to the Financial Statements
WestKir West Kirk Congregation of the Presbyterian Church in Ireland Statement of Financial Activity for the Year Ended 31 December 2024 (Receipts and Payments Account) Note Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Receipts Donations and Legacies Charitable activities Other trading activities Investment income Other IGr3nt/Organisationsl 98,374 19,389 14,720 117,763 14,720 744 1,705 5,388 136,967 3,016 776 1,793 5,177 744 1,677 330 28 5,058 101,125 39,195 140,320 147,729 Sale of Investments Sale of Fixed Assets Proceeds of Amalgamation 2,553 Total Recelpts 101.125 39,195 140,320 150,282 Payments Raising Funds Charitable Activities Other 299 140,413 299 220,402 299 177,044 79,989 140,712 79,989 220,701 177,343 Total Payments 140,712 79,989 220,701 177,343 Net Receipts / Payments (39,587) (40,794) (80,381) {27,061) Transfers between Funds 14 (37,958) 37,958 Net Movement in Funds (77,5451 (2,8361 (80,3811 127,061) Funds brought forward 14 92,891 43,593 136.484 163,545 Funds carried forward 14 15,346 40,757 56,103 136,484 Page I
WestKir West Ki rk Congregation of the Presbyterian Church in Ireland Statement of Assets and Llabilities As at 31 December 2024 Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Funds Reconciliatlon 8ank & Cash at Start of Year Net Movement in Funds 92,891 {77,545) 43,593 (2,8361 136,484 80,381 163,545 -£27,061 Bank & Cash at End of Year 15,346 40.757 56,103 136,484 Bank & Cash Balances Bank Current Accounts Balances held by Organisations Cash in Hand 50,783 5,320 129,565 6,193 726 56,103 136,484 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 12 & 13 on Page 16 of the accounts. Liabllltles There were no liabilities requiring disclosure at 31st. December, 2024. For the Year ended 31st.December 2024, 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 Stewart Trustee & Clerk of Session Mr David Kane Trustee 2nd. March , 2025 . 2nd. March , 2025 . 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.
WestKir West Kirk Congregation of the Presbyterian Church in Ireland Notes to the Accounts for the Year Ended 31 December 2024 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 (FRS1021 (effective 1st. January 2019 } and the Charities SORP {FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). 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 . West Kirk Presbyterian Church meets the definition of a public benefit entity under FRS 102. Assets and liabilitie5 are initially recognised at historical cost or transaction value unless Otherwise Stated in the relevant accounting policy notes. Preparntion of the accounts on a going concern basls West Kirk Presbyterian Church has prepared the accounts on a 8oin8 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 la) income from endowments which is to be expended only on the restricted purposes intended by the donor and (bl 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 firture . DONATIONS and LEGACIES Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Recorded Giving {FWO) Loose collections Donations & Gifts Gift Aid Received Legacies & Bequests 70,368 6,295 5,863 14,922 926 5,552 5,467 8,370 75,920 11,762 14,233 14,922 926 77,681 10,594 7,416 15,805 25,471 98,374 19,389 117.763 136.967 Page 3
WestKir West Ki rk Congregation of the Presbyterian Church in Ireland Notes to the Accounts (cont'd.) for the Year Ended 31 December 2024 CHARITABLE AcfiviTIES Unrestrlcted Restrlcted Endowment Funds Funds Funds Total 2024 Total 2023 Income from charitable activities Hospitality / Care & Concern Fundraising events Women's Worker (Grants) Youth Worker (Grants) 100 733 100 733 2,300 716 12,OCX) 1,887 12,000 1,887 14,720 14,720 3,016 OTHER TRADING ACTIVITIES Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Letting of Premises/Use of Halls 744 744 776 744 744 776 INVESTMENT INCOME Unrestricted Restrlcted Endowment Funds Funds Funds Total 2024 Total 2023 Deposit interest General Investment Fund 1,612 65 1,612 94 1,717 76 29 1,677 29 1,706 1,793 OTHER INCOME Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Funding for Intern for Schools Miscellaneous Income Other income (Organisations) Loan from CMF 330 1,800 3,258 2,130 3,258 1,832 3,345 330 5,058 5,388 5,177 Proceeds of Amalgamation 2,553 Page 4
WestKir West Ki rk Congregation of the Presbyterian Church in Ireland Notes to the Accounts (cont'd.) for the Year Ended 31 December 2024 (Costs of) RAISING FUNDS Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 FWO Envelopes 299 299 299 299 299 299 CHARITABLE ACTIVITIES {Payments) Unrestrirted Restrirted Endowrnent Funds Funds Funds Total 2024 Total 2023 General Assembly Assessments Presbytery Fees Ministry & Support Staff Costs Congregationa5 Running Expenses Donations to Missions & Charities Governance Costs 18,472 798 95,322 19,470 4,200 2,151 18,472 798 120,652 59,825 18,504 2,151 16,911 624 91,873 53,599 10,97S 3,062 25,330 40,355 14,304 140,413 79,989 220,402 177,044 OTHER EXPENDITURE Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Loan Repayments 10 Employment Costs . EMPLOYEES Total 2024 Total 2023 Wage5 and salaries Social security Pension 23,779 937 614 25,330 Number of employees . There were two staff employed at the church in 2024 (2023 - Nil) Staff salaries are in line with the salary scales maintained by the Presbyterian Church in Ireland {PCII. No employee received remuneration of more than £60,000 during the year {2023 . Nill. Page 5
WestKir West Ki rk Congregation of the Presbyterian Church in Ireland Notes to the Accounts (cont'd.) for the Year Ended 31 December 2024 li KEY MANAGEMENT PERSONNEL Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the church. These positions comprise of the Minister, Associate Minister, Clerk of Session, Treasurer and Secretary. Ministerial positions are remunerated through PCI. All other Trustee positions are voluntary. 12 FIXED ASSET5 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 Presbyterian 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 5,911,083 530,574 445,464 4,269,703 Total 11.156.824131110124) 13 INVESTMENTS The congregation has the following investments '. (Amounts are Shown at market valuation) 2024 2023 General Investment Fund- Rebecca Trust General Investment Fund - Crumlin Road Property Other Investments (63 shares) (198 shares) 879 2,764 839 2,639 (@ 31112/24} 3.643 3,478 Page 6
WestKir West Ki rk Congregation of the Presbyterian Church in Ireland Notes to the Accounts (cont'd.) for the Year Ended 31 December 2024 14 FUND BALANCES Balance Recelpts Payments Surplus/ at start (Deficit) Transfers Balance at end 2024 Unrestrlcted funds General fund 92,891 101,125 140,712 (39,5871 137,9581 15,346 92,891 101,125 140,712 -39,587 -37,958 15,346 Restricted funds Balances due to Organisations Care & Concern Fund Rebecca Trust Fund (for PWI Property Fund ROC Account {Toilet Grant) Appeals Funding Grace & Hope Funding Donation to Grace & Hope Outreach Workers Funding Emergency Relief Grant Frances Stewart Trainin8 Fund Mums/Dads Groups Funding 6,193 3,258 733 4,130 733 {872} 5,321 21 100 21 30,409 (30,3091 30,309 12,5521 6,751 2,552 1,549 17,847 8,300 5.816 3,450 25,330 1,800 16,7511 12,031 13,4501 111,4431 14,314 26,345 3,450 16,763 13,887 1,800 5,320 1,749 2,022 1,749 2,022 43,593 39.195 79.989 (40,7941 37.958 40,757 Endowment funds TOTAL 136,484 140,320 220,701 {80.381) 56,103 20Z3 Unrèstrlrted fund5 General fund 130,838 126,244 136,472 110,2281 {27,719) 92,891 130,838 126,244 136,472 (10,228) 127,7191 92,891 Restrlrted funds Balances due to Organisations Care & Concern Fund Property Fund ROC Account (Toilet Grant} Appeals Funding Grace & Hope Funding Outreach Workers Funding Frances Stewart Training Fund Mums/Dads Groups Funding 6,414 3,345 716 2.300 2,552 1,085 12,291 3,566 716 23,695 12211 6,193 (21,395) 2,552 (6,3241 6,806 21,395 2,552 7,409 5,485 6,324 7,508 16,763 14,314 16.763 1,749 2,022 1,749 1,749 2,022 32,707 24.038 40,871 116.833) 27,719 43,593 Endowment funds TOTAL 163,545 150,282 177,343 (27.061) 136,484 Page 7