whitehouse Presbyl&ianchurch WHITEHOUSE PRESBYfERIAN CHURCH A Congregation of the Presbyterian Church in Ireland {• WHITEHOUSE PRESBYTERIAN CHURCH FINANCIAL STATEMENTS For theyear ended 31 December 2023 Registered with the Charity Commission for Northern Ireland INIC104435}
whitehouse Pre5byleriancliui-ch WHITEHOUSE PRESBYTERIAN CHURCH A Congregation of the Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT for the year ended 31 December 2023 INDEPENDENT EXAMINER'S REPORT Independent examiner's report to the charity trustee5 of Whitehouse Presbyterjan Church on thé accounts for the year ended 31 December 2023. I report on the accounts of Whitehouse Presbyterian Church for the year ended 31 December 2023, which are set out on pages 3 to 14. Respectlve responsibilltles of charlty trustees and examiner: The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of section 65 of the Charities (Northern Ireland) Act 2008. Having satisfied myself that the charity is not subject to audit under the Charities Act, and is eligible for independent examination, it is my responsibility to: examine the accounts under section 65 of the Charlties {Northern Ireland) Act 2008; follow the procedure5 laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the Charities Act- Section 65(9)(b): . (9) The Commission may give such directions a5 it thinks appropriate with respect to the carrying out of an examination in pursuance of subsectlon (31(a). state whether particular matters have come to my attention. Basls of independent examiner's Statement I have examined your charity accounts as required under section 65 of the Charities Act and mv examination was carried out in accordance with general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b). The examination included a review of the accounting records kept bythe charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with the requirements of section 65 of the Charities Act. 2. That the accounts did not accord with those accounting records
whitehouse Presbyterianchurch 3. That the accounts did not comply with the accounting requirements of section 65 and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 4. That there is further information needed for a proper understanding of the accounts to be ' reached Independent examiner's statement A decision wastaken bythe Trustees, based on guidance and advice received, that all Whitehouse Presbyterian Church Accounts should be produced on an accruals basis regardless of whether or not the gross income for the year exceeded £250,000, the threshold specified by the Charity Commission for reporting on an accruals basis. A consequence of this is your examiner must be a member of a listed body. I can confirm l am a registered member of The Association of Chartered Certified Accountants, which is one of the listed bodies, and that l am qualified to undertake the examination of the 2023 Church Accounts. I have completed my examination and have no concerns In respect of the matters (l) to (4) listed above and, in connection wlth following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Independent examlner 7)1 lan Murray FCCA lan Murray & Co. Ltd 27 Joymount, Carrickfergus, Dated: 22 February 2024
whitehouse Presbyterianchurch WHITEHOUSE PRESBYfERIAN CHURCH A CONGREGATION OF THE PRE5BYfERIAN CHURCH IN IRELAND WHtrEHOUSE PRESBYfERIAN CHURCH STATEMENT OF FINANOAL AcfiviTY for the year ended 315t December 2023 Notes Unre5trlrted Funds Re5trlcted Funds Endowment Funds Total 2023 Total 2022 Income and Endowment5 from: RegularGlvlng 96,803 38,547 135.350 130.356 Donations and Bequests FwKlralslng Glft Ald Refund Investment Inco Assets sold Investments wrchased Other Income 64,763 28.30S 10.503 4,410 1.802 93.068 10,503 20.530 7A13 16.940 10,032 20,161 7,250 16.120 5.611 18.210 33,220 51.430 51.973 201,507 116.787 318.294 236,712 Expendlture on: C05t of Fundralslng Charftable Activitles other Investsnents Purchased 155.766 125,885 281,651 252.301 155,766 125,885 281.651 252.301 Net Gains/lLossesl on Investments 13 14,257 Net Income before transfers 45.741 19,0981 14.257 50,900 129,6991 Trdnsfets betren Funds IL646 IIL6461 Net movefflent ln funds 57,387 120,7441 14,257 50.9¢Xs 129.6991 Recl¢•11atIOn of funds Funds at 315t December 2022 Net moveffEnt in funds 369,531 57.387 741,286 120,7441 157,540 14,257 1,268.357 50.9(N) ¥298,056 129,6991 Funds at 31st December 2023 426,918 720.542 171,797 1,319.257 L268,357
whitehouse Presbyferfonchurch BALANCE SHEET As at 31 December 2023 Note5 UnreAriCted Funds Restricted Funds Endowment Funds Total 2023 Total Flxed A55ets Freehold Land & Buildln&s Leasehold li S35.968 53.533 535.968 53,533 554.616 55.804 li Fixtures. Fittings & Equip. 12 20.741 20.741 6.627 Total Axed Assets 20.741 589.501 610,242 617.047 Investments Pres. Generdl Investment Fund 13 171,797 171,797 157,540 Total Investments 171,797 171,797 157.540 Current Assts Debtors 8ank Acc¢JJnts General Bank Account Organlsatlonal Bank accounts 14 16.270 4.410 20,680 20,161 393,059 123,058 7,069 516,117 7,069 467,407 7,248 Total Current Asset$ Le55: Llablllties credIts. Am(nts falllng due y¥ithin one year Net Curreot Assets or Uabllitles 409.329 134,537 543,866 494,816 3,152 3,496 6,648 1,046 406,177 131,041 537,218 493.770 Total Assets less current Ilabilitles Credlt(Ks'. Amounts falling due after one year 426,918 720,542 17L797 L319,257 1,268,357 To¢1 Net assets or Uabllltles 426.918 720,542 171,797 1,319,257 L268.357 Represented by> Fund5 Vnresmcted Restdcted Endowments 426,918 426,918 720,542 171,797 369,S31 741,286 157.540 720,542 171,797 Total ndS 426,918 720,542 171,797 1,319,257 1,268,357 Approved by the Kifk Session at a meetlng on 12 February 2024 and slgned on its behalf by Maurlce FSnlay Clerk of Session Helen Lind5aV Congregati1a1 secretary: Tom Beck Treasurer
whitehouse Presbylerioncliiii-cli NOTES TO THE ACCOUNTS year ended 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 Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective January 2022}. The financial statements have been prepared under the historical cost convention except for investment a55ets, which are shown at market value. The financial statements include all transactions, assets and liabilities 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 congregatlon's discretion; where the income derived from the endowment is to be used either as restricted or unrestrlcted income funds depending upon the purpose for which the endowment was established in the flr5t place. Restricted funds comprise of: _ {a) 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 actlvity intended by the donor. Unrestricted funds are income funds whlch are to be spent on the congregatlon's general purposes. Designated funds are general funds set aside by the congregation for use in the future. INCOMING RESOURCE5 (l) Recognition of incoming resource5 These are included in the Statement of Financial Activities {SoFA) when: . the congregation becomes entitled to the resources; the trustees are virtually certain they will receive the resources; and, the monetary value can be measured with sufficient reliability. (li) Incomin8 resources with related expenditure Where incoming resources have related expenditure las with fundraising income) the incoming re50urce5 and related expenditure are reported gross in the SOFA. (lil) Grant5 and donations Grants and donations are only included in the SOFA when the congregation ha5 unconditional entitlement to the resources.
whitehouse Presbyterfanchurch NOTES TOTHE ACCOUNTS year ended 31 Dember 2023 ACCOUNTING POLICIES (convd) (Iv) Tax reclaims on donations and gifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (v) Contractual intome and perforrnance related grants This is only included in the SOFA once the related goods or services have been delivered. (vi) G1ft5 In kind Gifts in kind are accounted for at a reasonable estimate of theirvalue to the charity or the amount actuallv realised. Gifts in kind for Sale or distribution are included in the accounts as gifts only when sold or distributed bythe charity. Gifts in kind for use bythe charity are included in the SOFA as incoming resources when receivable. (vll) Donated services and facilities These are only included in incomin8 resources (with an equlvalent amount In resources expended) where the beneflt to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charlty of the service or facility received. (vlii) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. (ix) Investment Income This Is included in the accounts when receivable. (x) Investment gains and1055es 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) Liability recognitlon Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. (xll) Governance cost5 These are shown within charitable activities and include the costs of preparatlon and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
whitehouse PresbytrerianchLJrch NOTES TO THE ACCOUNTS year ended 31 December 2023 ACCOUNTING POUCIES (conVd> ASSErs (xlll) Tangible Flxed Assets Tangible fixed assets for use by charity are capitalised if they can be used for more than one year. and cost in excess of £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 of the cost, less estimated residual value, of each asset over its expected useful life as follows:_ Freehold/Leasehold buildings.. Fixtures, fittings and office equipment: Computer Equipment: 50 years on a straight-line basi5 10 years on a straight-line basis 4 years on a straight-line basis (xlv) Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other Investment assets are included at trustees, best estimate of market value.
whitehouse Pre5byerianchurch WHITEHOUSE PRES8YtER14N OIUROI NOTES TO THE ACCOUNTS year ended 31 DecernbÈr 2023 INCOME Unrestflrted Funds RestrIc Endowment Fund5 Funds Total 2023 Totol 2. Re8ularVoluntary GNing WFO 96.803 96,803 6,381 S880 6,781 prrty Fund 6.381 Unlted Appeal General MSsslon jnd Other Charitie5 Presbyterian Children'5 Society Youth Fund Children & FaThlY Worker (Fund) Senlor Merrthr5 Fund B8 GB 8.030 7,388 5.183 2,123 8.039 7,388 5,183 2,123 8.774 7,005 936 ,L160 Ico 240 1,768 924 3,779 1407 240 240 1,378 5,209 1.579 722 1,378 5,209 1,579 722 314 Btrlln8 Club Fun @ Tots 314 38.547 302 3. Donatlons & Bequ•st5 Donatlon & Bequests 64,763 64,763 28.305 28,305 93,068 93,068 16,940 16,940 Fundr•tsln ProFefty Fund General Mi5510rt Fund Other Charfttes 3,186 3,187 4,130 10,503 3,186 3,187 4,130 10.503 2,864 4,168 5. Glft Ald Weekly Glvlr Property Fund United Appeal General MIs51on Furtt Other p51yrt*r[an Chlldren's So¢lety 16.120 16,120 1,066 1,509 1,230 257 348 20,530 14,$04 1,301 1.639 1,337 1,129 251 20.1 i.rA6 1.509 257 16,120 4,410 . Invèstment th¢ome Baftk 1ftte$t Interest.. General Investment Fund Wylie Tfust GIF payable to nIster & Sen Mlnlster Unlted Ap01 YoLrth Fund Benevolent Fund 1,286 799 3.2CO 326 1.286 799 3.200 326 1,182 829 3,388 192 602 681 93 77 206 580 656 656 BB GB PiesWrf3n WcfiEn Bowls 199 5,611 7,413 7,250 7. Other Income Ballet Schwl Use of rooms Catedng Heat & LEght Pulplt SUpV Jndry C'ren & Fam Worker (M'anne Trust) North Belfast Pre5 Umt IYWI PCS- Restore Grant Scheme Grdnt IBBI Grant IGBI 10.330 352 2,590 4.701 237 10.330 352 2,590 4.701 237 10,715 402 5,151 22.020 iO,(KX) 22,020 io,( 21020 io,¢) L2( IN45 51,973 210 33.220 51,430 14,257 Investments- Increase in valuation 14.257 li 14257 33Z.552 712
whitehouse Pfesbyl¢rianrhui-ch WHffEHOUSE PRESBYTERIAN CHUROI NOTES TO THE ACCOUNTS year ended 31 December 2023 Unre#flrted Restricted Endownent Funds Funds Funds Total Total 8. LYPENDINRE (hurch House Assessn*nts 20.562 20562 18,820 Mlnistry & Support Staff 'niste¢s Stipend Min15teVs ExpeTises Mlni5te¢5 Cost of Llving PayThent Stipend- CMF Sufch8r8e PCI GIF Divldends payable to Minlster PCI GIF Dlvidends pawdble to Senior Mlnlster Dlrector of Music Church Officers Pastordl W(Kker PastoTrl Worker expenses Llcensed / Student Minlster Natlottal Ins. (Stipend,. Exp & App Le- £1861 Pulpit Supply 37,177 4124 37.177 8,124 5(XJ 33,478 7.672 270 56 3,578 12,035 13,073 953 8,449 5,055 320 270 56 3,578 12,035 13.073 953 8.449 5,055 320 3,407 10,984 11421 942 341 Ule &Work Llcence5 Literature IBooks aThl Publlcatl¢Jnsl Tralnln8 Courses15tsff and Volunteers) Special assembly Conference fees AdvertIsi, Prlnt & 5tIonery Bank Fees Caterin8 PCI Chlldren's S¢xhety c119 Grant Ilaptopl Queen's Jubllee- Famlly Dav other Costs lunder £5001 1,339 511 1,339 511 610 1,254 610 595 1167 363 2,167 363 2,404 1,886 331 L554 iii 664 3,085 9,629 2,224 9,618 2,224 9.618 Fees ACnnCY Fee Preswry Fees 790 645 790 7S¥J 758 645 Property & £qulpment Heat & Llght Cleanin8 Water Rates anse Rates/Grnund Rent Telephone; Intemet & Church Suite PnJ8 Repairs & Renewals aNI Equip. Insurance Depreciatlon 19,227 1,518 1,632 19,227 1,5 L632 1,1 2,485 15.367 4,477 23,541 69,347 17,614 281 1.045 L705 8,917 4,473 2,485 15.367 4,477 20,919 36,286 MIssSon & Outreach United Appeal General Mlssion Fund Other Missions & Charfties Presbyterian Children's Society Bewiolent Fund Senior MberS Fund pci urtTran Mission (YW) Childn and Famlly w0eT Youth Or8anisatiorLS ExpeThJitu 12.561 16.898 14.617 L734 10,258 21.931 9,571 25n 710 L033 10,258 21.933 9,S71 2,572 710 1.033 3.242 26,239 INJI 10.478 26.239 23552 L204 10.478 89.599 90,254 14,110 vestfflents- Decrease In valuation 281,651 26&411 TOTAL PAYMENTS
whitehouse PresbyterKinchurch WHITEHOUSE PRESBYfERIAN CHURCH NOTES TO THE ACCOUNTS year ended 31 December 2023 {cont'd) 9. EMPLOYEES Employment Costs Total Funds 2023 Total Funds 2022 Wages and Salaries {Inc Minister Cost of Living Payment) Social Security Costs Expenses Pension contribution5 74,327 5,354 9,078 8,922 59,718 5,054 8,614 8,035 97,681 81,421 Children and Family Workers salary costs which are being covered by Marlanne Trust Grant Fundin8 being received excluded from above figures. Assoclated payments / receipts recorded in Other Restricted- Con8regational Funds {C'ren & Fam Worker {M'anne Trust) The average number of employees, including the mlnlster of the congregation, was: Average Employees 2023 Average Employees 2022 Average number of employees {including C&FW & Licensed Asslstantl There were no employees in receipt of employee benefits in excess of £60,0. 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 bythe Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employerfs pension contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme (2009) 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 Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. A fomial 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 Servi benefits and funding the scheme deficit. io
whitehouse Presbytefjonchurch NOTES TO THE ACCOUNTS year ended 31 December 2023 Note 11. TANGIBLE FIXED ASSETS 11.1 Cost or valuatlon Property- Restrirted Freehold Church L/hold Manse Total Bulldlngs Halls At Cost At Cost At Cost Balance b/f Additions Revaluations Disposals 8•l¥n¢e clf 4n 113,543 .1.04563 41,9n 113.543 I5, 11.2 A¢¢umulated dgpreclatlon and Impalrnwnt provlslons Balance bl f charge for year IMpalnrnt Revaluatlons 01sposals Balonce df 338An 17.809 39A33 839 57,739 2,271 435.543 20.919 356,180 40.272 60,0 456A62 11.3 Net book value Brought fOard Cathed forward 552.077 534.268 2.539 1,700 55,804 53,533 610,420 589,501 Note IZ. Hxture4 Flttlngs & Equipment 12.1. Cost General Property- Unrestrfcted Organ Plano's Church F & Equlpment Total F, F & Equlpment Equipment Balance blf Additions Disposals Balance clf 39,901 9,471 16,736 49,372 16.736 39,901 26.207 66,108 12.2. Accumulated Depreclatlon Balance b/ f charge for year Impairyrent Disposals Balance clf 39301 42.745 2,622 2.622 39,901 45367 123 Net book value Brought forward Carried forward 6,627 20,741 6fi27 20,741 li
whitehouse Pre5bytreiionchurch NOTES TO THE ACCOUNTS year ended 31 December 2023 Icont'd) 13. INVESTMENTS The congregation has the following investnnts. Amounts are shown at Maet valuation. 2023 2022 General Investment Fund 171,797 157,540 2023 2022 Value at start of year Additions Disposals Impaimient Gains / (Losses on revaluationl Value at end of year 157,540 171,650 14,257 171,797 14,110 157,540 IQ DEBTORS 2023 2022 Gift Aid Recoverable Contribution towards use of rooms 20,530 150 20,161 20,680 20,161 15. CASH AT BANK AND IN HAND 2023 2022 Danske Bank Ltd. -current Account Organisational Banks Cash in hand 516,117 7,069 467,407 7,248 523.186 474,655 16. CREDtroRS: amount falling due within one year 2023 2022 4 x 2023 accrued expenditure items (2 in 2022) 6.648 1,046 1,046 12
whitehou Pr8sbytrellanchurch WHrrEHOUSE PRESVftERIAN CHURCH SUMMARV OF FINANaAL AcrivinES to 31 Dernts•r 2029 17. ANALYSIS OF FUND5 OpÉnin¢ Balance Income Transfers Expenditure Translws Out aosin Balance UNRESTRICTED FUNDS General Account 362.904 201,507 2,493 .3,144 7,583 41%,177 Fum., Equ1 & Httln85 Total 6.627 369,531 20.741 426,918 201.507 19,229 155,766 .7,583 RE5TRlCtED FUNDS Property/Equlprnent Fund FeholdI Leasehold propeTty Tot41 59,448 610.420 669,868 30,838 15,367 20,919 36,286 16,736 58,263 589,501 647,764 30,838 80 16,736 M1951ons & tharltle5 United Appeal I£10,2581 Misslon Fund Other Charities s. Children's Sc£lety Totsl 9,723 19.sy 9,571 535 10,258 21,933 9,571 2,571 44,333 39,694 534 37,131 100 63S 39,694 41,669 37,131 Oth•r11•strlrted Conire8atlon•l Fund$ Youth 7,933 16,883 5,539 L7C(I 1,801 710 1,033 26.239 $25 7,887 16.828 4,506 Benevolert Fund Senior membe Fund C'ren & Fam Worker Im'anne Tnjstl ChIldn & Famlly Wod(er (Fund) PCI Urban Mission (Yw) Total 655 22,020 240 io,c 33,495 4,219 360 6,247 24.468 1,251 28,570 5,919 34,787 525 Other Restrlctqd Oryanls•tlon•l Fund5 1,572 3,730 2,672 5,293 1,779 727 314 2,211 5,868 1,694 390 316 10,479 350 1,683 3,280 383 1.721 io S25 100 160 Bowls Fun @ Tots Totsl I,S44 12 7,256 10,785 525 1,0 7.077 Totsl Restrlrtod fvnds 74L286 116,787 7,159 125,885 18,805 720.542 ENDOWMENT FUNDS Youth Gènetsl Total 27,248 130,292 157.540 2.466 11.791 14,257 29,714 142,083 171,797 SUMMARY iknrestrlct•d Funds Rèstrlcted Funds Endowment Funds Total 369,531 741,286 157,540 1268357 201.507 116,787 14.257 3a2.551 19.229 7,159 155,766 125,885 7,583 18J)5 426,918 720,542 171.797 1319.257 281ffi51 REPRESENTED BY: Cash in Bank OrganlsatlonBI Bank5 Less.. Fun @ Tots (Funds in General Fund Alcl Endowment Fund5 Debt Sundry Credltor Assets 516,117 7.077 7,069 523,186 171,797 20.680 6,648 610.242 I,a19,257 13
whitehou Pr85b*erN)nchurch NOTES TO THE ACCOUNTS year ended 31 December 2023 (convd) 18. RELATED PARTYTRANSACTION One of the Trustees. the minister of the congregation received remuneration of £37.177: a -one-off, Cost of Living payment of £500; PCI General Investment Funds payable to the Minister in active service of £270 and expenses of £8,124 for acting in that capacity. Pension contribution of £8,923 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2LX)9). A further Trustee ot the Congregation Ichurch Pastoral Worker) received remuneration of £13,073 and expenses of £953. 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 charity. Congregational Assessments United Appeal World Development Appeal 20,562 10,258 1,358 The congregatlon contrlbuted £645 towards Presbytery Assessments during the year. There were no other related party transactions. 14