Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregatlon of The Presbyterlan Church In Ireland
STATEMENT OF FINANCIAL AcfiviTY
for the year ended 31 December 2023
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
262,116
986
3,525
3,453
151
382,663
12.819
6,697
5,081
644,779
13,805
10,222
8,534
151
418,171
2,589
12,295
556
620
Total
270,231
407,260
677,491
434,231
Expendlture on:
Raising funds
Charitable actlvlties
248
237,957
248
391,249
255
380,464
153,293
Total
238,205
153,293
391,497
380,719
Net gains/{losse5) on Investments
Net Income / {expendlture)
32.026
253,967
285,993
53,512
Transfers between funds
(73,138}
73,138
Net movement In funds
Reconciliation of funds:
Total funds brought forward
{41,112)
327,105
285,993
53,512
338,027
746,110
1,084,137 1,030,625
Total funds carrled forward
296,915
1.073,215
1,370,130 1,084,137
There may be mlnor dlscrepancies in the totals (not exceeding £1) due to roundlng
20IPage

an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregatlon of The Presbyterian Church in Ireland
BALANCE SHEET
As of 31 December 2023
Flxed assets:
Tangible assets
11
7,776 448,722
456,498
465,424
Total flxed assets
7,776
448,722
456,498
465,424
Current assets
Debtors
12
27,018
15,715
632,569
42,733
32,003
Cash at the bank and in hand
13
268,802
901,371
629,367
Total current assets
295,820
648,284
944,103
661,370
Llabllltles:
Creditors: Amounts falling due,
within one year
14
6,681
23,791
30,472
42,657
Net current assets or Ilabllltles
289,139
624,492
913,631
618,713
Total assets less current Ilabllltles
296,915 1,073,215
1,370,130
1,084,137
Creditors: Amounts falling due
after more than one year
Provisions for liabilities
15
Total net assets or Ilablllties
296,915 1,073,215
1,370,130
1,084,137
rhere may be mlnor discrepancies in the totals (not exceeding £1) due to rounding.
211Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterlan Church In Ireland
BALANCE SHEET
As of 31 December 2023
II li IR 11
Funds of the charlty
Restricted income funds
16
0 1,073,215 1,073,215
296,915
296,915
746,110
Unrestricted funds
16
338,027
Total charlty funds
296,915 1,073,215 1,370,130 1,084,137
Approved by the Kirk Session at a meeting on 13 May 2024 and signed on its behalf by
e. la-
Graeme Kennedy
13 May 2024
Gareth Irwin
13 May 2024
221 Page

an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
STATEMENT OF CASHFLOWS
Year ended 31 December 2023
2023
2022
Cash flows from operatlng actlvltles
Net income
285,993
53,512
Adjustmentsfor..
Depreciation of tangible fixed assets
8,925
3,511
Changes in..
Trade and other debtor5
Trade and other creditors
110,7301
42,143
112,184) {29,995)
Cash generated from operations
272,004
69,171
Net cash used in operating activities
272,004
69,171
Cash flows from Investlng actlvltles
Purchases of tangible fixed assets
(54,1361
Net cash from investing activities
{54,136)
Cash flows from flnancing actlvltles
Proceeds from/(repayment of) borrowings
Net cash from financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equlvalents at beglnning of year
272,004
629,367
15,035
614,332
Cash and cash equivalents at end of year
901,371
629,367
231Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
Congregatlon of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES
BASIS 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 Ireland {FRS1021
(effective l January 20151.
The financial statements have been prepared under the historical cost convention except for
investment assets, which are shown at market value. The financial statements include all
transactions, assets and liabillties for which the congregation is responsible in law. They do not
include the accounts of church groups that owe their affiliation to another body, nor those that
are informal gatherings of church 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 (a) income from endowments which is to be expended only on the
restricted purposes intended by the donor and Ib) 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 that 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.
241 Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES (convd)
INCOMING RESOURCES
(l) Recognltlon of Incomlng resources
These are included in the Statement of Financial Activities (5oFA) when:
the congregation becomes entitled to the resources;
the trustees are vlrtually certaln they will receive the resources; and
• the monetary value can be measured wlth sufficient reliability.
(11) Incomlng resources wlth related expendlture
Where incoming resources have related expenditure (as with fundraising income) the incoming
resources and related expenditure are reported gross in the SOFA.
{111) Grants and donatlons
Grants and donations are only included in the SOFA when the congregation has an
unconditional entitlement to the resources.
(Ivl Tax reclalms on donatlons and glfts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to
which they relate.
(v) Contractual Income and performance-related grants
This is only included in the SOFA once the related goods or services have been delivered.
(vl) Gifts In kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised. Gifts in kind for sale or distribution are included in the accounts as
gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are
included in the SOFA as incoming resources when receivable.
251page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES (convd)
(vll) Donated servlces and facilitle5
These are only included in incoming resources (with an equivalent amount in resources
expended) where the benefit to the charity is reasonably quantifiable, measurable and
material. The value placed on these resources is the estimated value to the charity of the
seniice or facility received.
(vlll) Volunteer help
The value of any voluntary help received Is not included in the accounts but Ss described In the
trustees, annual report.
(Ix) Investment Income
This is included in the accounts when receivable.
(x) Investment galns and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
(xl) Llablllty recognitlon
Liabilities are recognised as soon as there is a legal or constructive obligation committing the
congregation to pay out resources.
(xll) Governance Costs
These are shown within charitable activities and include the costs of preparation and
examination of accounts, the costs of trustee meetings and the cost of any legal advice to
trustees on governance or constitutional matters.
(xiii) Grants with performance conditlons
Where the charity gives a grant with conditions for its payment being a specific level of service
or output to be provided, such grant5 are only recognised in the SOFA once the recipient of the
grant has provided the specified service or output.
261Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
Congregatlon of The Presbyterlan Church In Ireland
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES (convd)
(xlv) Grants payable wlthout performance condltlons
These are only recognised in the accounts when a commitment has been made and there are no
conditions to be met relating to the grant which remain in the control of the charity.
(xv) Support costs
Support Costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
(xvl) Tanglble Flxed Assets
Tangible fixed assets for use by the charity are capitalised if they can be used for more than
one year, and cost at least £2,500. They are valued at cost or if gifted, at the value to the
charity on receipt.
Depreciation is recorded on all tangible fixed assets other than freehold land, at rates
calculated to write off the cost, less estimated residual value, of each asset over it5 expected
useful life as follows
Buildings:
Fixtures, fittings and equipment
Motor Vehicles
Computers, software and technical equipment
over 50 years
over 10 years
- over 4 years
- over 4 year5
Where depreciation is calculated for a tangible fixed asset, the depreciation commences in the
first full year of ownership of the asset.
(xvii) Investments
Investments quoted on a recognised stock exchange are valued at market value at the year-end.
Other investment 3$5et5 are included at the trustees, best estimate of market value.
271Page

an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterlan Church in Ireland
NOTES TO THE ACCOUNTS (convd)
31 December 2023
DONATIONS AND LEGACIES
Recorded giving
Loose collections
Donations and gifts
Gift Aid
Legacies and bequest
202,788 307,165
7,289
203
49,836
2,000
509,954 304,651
7,289
4,525
9,681
26,972
115,856
80,223
2,000
1,800
9,478
66,020
262,116 382,663
644,779 418,171
CHARITABLE ACTIVITIES
IJ li li 1%
Income from charitable
activities
Church Publications
Weddings
Grants
531 10,619
11,150
2,064
315
140
315
140
2,2(Xl
285
240
2,200
986 12,819
13,805
2,589
281Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (convd)
31 December 2023
OTHER TRADING ACTIVITIES
1111 21 11
Letting of premises
Membership Fees
3,525
3,525
6,697
3,610
8,685
6,697
3,525
6,697 10,222 12,295
5. INVESTMENTS
Deposit interest
3,453
5,081
8,534
556
3,453
5,081
8,534
556
6. OTHER INCOME
Miscellaneous income
151
151
620
291page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterlan Church In Ireland
NOTES TO THE ACCOUNTS (convd)
31 December 2023
7. RAISING FUNDS
FWO envelopes
Fundraising events
248
248
255
248
248
255
CHARITABLE AcfiviTIES
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
33,175
1,086
131,430
33,175
1,086
133,144
31,886
1,086
126,680
1,714
Congregational running expenses
69,505
50,300
119,806
111,673
Buildings- Professional Fees
Donations - Missions & Charities
Governance costs
23,088
78,190
23,088
78,190
2,760
19,435
86,610
3.094
2,760
237,957
153,293
391,249
380,464
30IPage

an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (coned)
31 December 2023
EMPLOYEES
Employment Costs
Wages and Salaries
Social Security Costs
Pension contributions
116,807 101,149
9,450
8,842
14,989
13,022
141,246 123,013
Number of Employees
The average number of employees, including the minister of the congregation, during the year,
was
Average number of employees
There was one employee in receipt of employee benefits (excluding pension contributions) in
excess of £60,CX)O.
311Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterlan Church in Ireland
NOTES TO THE ACCOUNTS {conVd)
31 December 2023
10.
PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension
Scheme {2009). This is a scheme operated by the Presbyterian Church in Ireland, a separately
registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland
equivalent to the employerfs penslon contrlbutSon for the Scheme and based on the stipend
paid to the minister. The Presbyterian Church in Ireland Pension Scheme (2(X)9) is a funded
Scheme of the defined benefit type, providing defined benefits based on career average
revalued salary. The Scheme has assets held in a separately administered fund managed by a
board of trustees. The Presbyterian Church and the Scheme Trustee5 have agreed on a funding
plan to ensure the Scheme is sufficiently funded to meet current and future obligations. A
formal schedule of contributions was drawn up on 25 November 2015 whereby the
Presbyterian Church agreed to pay from 31 December 2015 contributions of 24% of
pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of
insuring death in 5eniice benefits and funding the scheme deficit.
The contributions made by the congregation during the year were
Contributions
12,818 11,558
The congregation operate5 a defined contribution pension scheme for its employees. The
scheme and its assets are held by an independent scheme manager. The pension charge
represents the contributions due from the congregation during the year.
Contributions
2,170
1,464
321Page

an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (conyd)
31 December 2023
11. TANGIBLE FIXED ASSETS
Cost or valuatlon
At start of year
Additions
Disposals
400,000
69,690
469,690
At end of year
400,000
69,690
469,690
Depreclation
At start of year
Provision for year
Disp05als
4,267
8,925
4,267
8,925
At end of year
13,192
13,192
Net Book Value
At start of year
400,000
65,423
465,423
At end of year
400,000
56,498
456,498
Where depreciation is calculated for a tangible fixed asset, the depreciation, as per Note l(xvil,
commences in the first full year of ownership of the asset.
Land and Buildings consist of two classes of assets. The first class is church property which is
used to carry out the activities of the church. This class is carried at COSt and depreciated over
the estimated economic life of 50 years. However, given the age of the premises in question, it
is deemed to be fully written off and have nil carrying value at 31 December 2023 and 2022 on
a cost basis.
331Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregatlon of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (convd)
31 December 2023
The second class is a residential property that is made available to employees of the church.
The property in question is the manse and it has been valued at £400,000, the value set by the
local rating authority. Given the nature of the properties and ongoing maintenance/repairs to
which they are subject, no depreciation Is applied as the residual value is considered to be at
least equal to the carrying valuation.
12. DEBTORS
2023
2022
Gift Aid Recoverable
Prepayments & Accrued Income
32,604 25,770
10,128
6,233
42,733 32,003
13. CASH AT BANK AND IN HAND
(CA = Current Account, DP = Deposlt Account)
2023
2022
General Fund/Ulster Bank CA
General Fund/Danske Bank CA
General Fund/Progressive BS DP
Property Fund/Ulster Bank CA
Property Fund/Danske Bank CA
Property Fund/Danske Bank DP
Property Fund/Fixed Term Deposit
Mercy Fund/Danske Bank CA
Presbyterian Women/Danske Bank CA
Girls Brigade/Danske Bank CA
The Globe Café/Danske Bank CA
Boys Brigade/First Trust Bank DP
Kirkpatrick Tots/Ulster Bank CA
Friendship Club/Cash in hand
8,804
121,065
145,lJX)
13,963
19,287
76,635
500,0(X)
7,175
1,401
1,885
1,259
3,191
716
990
75,746
189,793
45,000
13,963
199,543
85,352
10,562
1,232
1,733
2,359
2,168
664
1,252
901,371
629,367
341Page

an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
Congregation of The Presbyterlan Church in Ireland
NOTES TO THE ACCOUNTS (convd)
31 December 2023
14. CREDITORS: amount falling due wlthln one year
2023
2022
Agency collections
Accounts Payable
[438J
30,472 43,095
30,472 42,657
15. CREDITORS.. amount falllng due after more than one year
2023
2022
35IPage

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (conyd)
31 December 2023
16. FUND BALANCES AND RECONCILIATION OF FUNDS
Fund
Balance at Income
start
Expend.
Transfer
Balance at end
Unrestrlcted Funds
General Fund
338,027
270,231
238,205 (73,138}
296,915
Restrlcted Funds
Property Fund
Mercy Fund
United Appeal Fund
General Mission Fund
World Dev App Fund
Moderators App Fund
Mission Partner Fund
Flower Fund
Ch Family Events Fund
Gift Rev P Lutton
Friendship Club
Boys Brigade
Girls Brigade
GB Extra
The Globe Café
Klrkpatrick Tots
Presbyterian Women
Duke of Edinburgh Sch
726,564
10,712
365,122
1,715
6,302
1,375
3,309
48
1,075
54
10,168
3,201
2,075
6,176
1,190
460
1,242
948
1,433
1,365
39,270
5,146
18,094
2,025
3,309
48
52,700
35
16,353
1,000
1,053,415
7,281
11,792
650
51,625
19
100
6,092
3,201
1,027
3,191
1,565
1,252
2,168
1,733
1,300
5,153
1,358
567
3,281
896
1,269
2,487
I 1,000)
107
1,750
1,549
664
1,369
1,259
716
1,533
1,122
746,109
407,260
153,292
73,138
1,073,215
Total
1,084,137
677,491
391,497
1,370,130
There may be mlnor discrepancies in the totals (not exceeding £1) due to roundlng.
361Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (conyd)
31 December 2023
17.
RELATED PARTY TRANSACTION
One of the Trustees, Rev Graeme Kennedy, the minister of the congregation, received
remuneration of £53,907.48 and expenses of £6,701 for acting in that capacity. A pension
contribution of £12,818.25 was paid by the congregation in respect of the minister to the
Presbyterian Church in Ireland Pension Scheme {2009) again for acting as Minister to the
congregation. None of the other trustees received any remuneration.
During the year the congregation contributed the following amounts to Funds of the General
Assembly of the Presbyterian Church in Ireland, a separate charitv
£31,048.87 for Congregational Assessments
£18,094
for the United Appeal
£3,309.26
for the World Development Appeal
£48.17
for the 2022 Moderators Appeal 'Ukraine' (Gift Aid recovered}
The congregation paid £1,086 as Presbytery Assessments during the year
There were no other related party transactions.
371Page