WHITEHOUSE PRESBYTERIAN CHURCH A Congregatlon of the Presbyterlan Church in Ireland Ii,. WHITEHOUSE PRESBYTERIAN CHURCH FINANCIAL STATEMENTS For the year ended 31 December 2024 Registered with the Charity Commlssion for Northern Ireland (NIC1044351
WHITEHOUSE PRESBYfERIAN CHURCH A Congregation of the Presbyterian Church in Ireland TRusfEES ANNUAL REPORT for the year ended 31 December 2024 INDEPENDENT EXAMINER'S REpoKr Independent examiner's report to the charity trustees of Whitehouse Presbyterian Church on the accounts for the year ended 31 December 2024. I report on the accounts of Whitehouse Presbyterian Church for the year ended 31 December 2024, which are set out on pages 3 to 14. Respective responsibilltie5 of charity trustees and examiner: The charitV'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 account5 under section 65 of the Charities (Northern Ireland) Act 2008; follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the Charities Act- Section 6519)(b): (9) The Commission may give such directions as it thinks appropriate with respect to the carrying out of an examination in pursuance of subsection (3)(al. 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 my examination was carried out in accordance with general Direttions given by the Charity Commission for Northern Ireland under section 65(9){bl. 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. That the accounts did not accord with those accounting records
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 by the 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 accruals accounting reporting. 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 2024 Church Accounts. I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with followlng the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Independent examiner lan Murray FCCA lan Murray & Co. Ltd 27 Joymount. Carrickfergus, Dated: 13th March 2025
WHITEHOUSE PRESBYfERIAN CHURCH A CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND WHITEHOUSE PRES8YfERIAN CHURCH STATEMENT OF FINANOAL Acrivrry for the year ènded 31st December 2024 Notes iknrestrlrted Funds Restricted Funds Endowment Funds Total 2024 Total Income and Endowments from: Regular Giving 98.076 42524 140,600 135.350 Donations ar Bequests Fundra151n Glft Aid Refund Investment Income Bus Flxed Temi Deposlt Wcs Interest Assets sold Investments purrhased Other Income 1.118 692 4.077 2,417 93,068 10,503 20,530 7.413 692 19,083 7,224 12,352 15.(K16 4,807 12,352 10.336 21,899 32,235 51,430 146,459 72,727 219,186 318,294 Expeftditure on: C05t of Fundraising Charttsble Activ1e5 Other Investments Purchased 169.541 117.636 287,177 281,651 169,541 117,636 287.177 281.651 Net Gains/lLosses1 on Investments 13 8,123 14.257 Net Incorne before transfers 123.0821 144?09} 8,123 159,8681 Transfers btheen Fund5 1.633 11,6331 Net movement In lunds 121.4491 146,5421 8,123 159,8681 50,900 Recondllatlon of fvftds Funds at 315t DEcember 2023 Net nTh)vement In funds 426.918 121,4491 720.542 146,5421 171,797 8,123 L319.257 159.8681 1.268,357 50.9(M) Fund5 at 3tst December 2024 405,469 674,000 179,920 1.259.389 1.319.257
BALAN SHEEr As at 31 December 2024 Notes Unfestrlcted Fftds Restrlcted Funds Endowment Funds Total 2024 Totsl xed Assets FTeehold Land & Buildln8S Leasehold li li 517.320 51,262 517.320 51.262 535.968 53,533 FIxtu5. Flttlngs & Equip. 12 22.020 22.020 20.741 Total Nxed Assets 21020 568.582 590.602 610.242 Investmeiits Pres. General Investment Fund Business Fixed Term Dep051tAccounti 179.920 179,920 171,797 Total Investments 179.920 579,920 171,797 Current Assets Debtors Bank Accounts'.- Genèrdl 8ank Account Organlsational Bank accounts 26,448 4,157 20,680 92.603 8.663 52,0 8,663 516,117 7,069 Total rrent Assets Le55: Llabllltle5 Creditor5'. Amounts falling due wlthln one year Net rrent A55ets or Uabllftles {14,L551 105,423 91,268 543.866 2.396 2,401 6.648 116,S511 105,418 88,867 537.218 Total Assets less current Ilabllltles 405.469 674.(KX) 179,920 1,259,389 1,319,257 Credltr: AnTrwnts falllng due after one year Total 14et assets or Liabllltles 674KKKI 179,920 ¥259,389 1,319,257 Represented by:. Fund5 Unrestricted 405.469 405,469 426,918 Restricted Endowments 674.txxj 674,OLX) 179.920 720y2 171,797 179.920 Total Funds 405,469 674,000 179,920 1,259.389 1.319.257 Approved by the Kirk Session at a ff*eting on 16 February 2025 aThl signed on Its behalf bv Maurlce Flnlay Clerk of 5esslon Helen Llndsay ConBregational SeClary.. Tom Beck Treasurer
NOTES TO THE ACCOUNTS year ended 31 December 2024 ACCOUNTING POUCIES BASIS OF FINANaAL 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 September 2024). 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 transaction5, assets and IlablSltles for whlch the congregation Is responslble 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; where 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 of: _ (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. Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aslde by the congregation for use in the future. INCOMING RESOURCES Recognition of incoming resources 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) Incoming resources with related expenditure Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA. (iii) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources.
NOTES TO THE ACCOUNTS year ended 31 December 2024 AccouKfiNG POLICIES {conVd) (iv) Tax reclaims on donations and gifts Incoming resources from tax claImS are included in the SOFA at the same time as the gift to which they relate. (v) Contractual income and performance related grants Thi5 is only included in the SOFA once the related goods or services have been delivered. (vi) Gifts in kind Gifts in kind are accounted for at a reasonable estimate of theirvalue to the charity orthe amount actually reallsed. Gifts In klnd for sale or dlstrlbutlon are Included In the accounts as gifts only whÈn sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFAas incoming resources when receivable. (vii) Donated services and facilities These are onty 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 service or facility received. (vlll) 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 and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluin8 investments to market value at the end of the year. EXPENDITURE AND LIABILITIES (xi) Liability recognltion Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. (xil) Governance costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matter5.
NOTES TO THE ACCOUNTS year ended 31 December 2024 ACCOUNTING POUCIES (conVd} ASSErs (xiii) Tangible Fixed 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 £2,5LXI. 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, ffttings and office equipmenL' Computer Equipment: 50 years on a straight-line basis 10 years on a straight-line basis 4 years on a straight-llne basis (xiv) 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.
WHITEHOLISE pREs8RIrI CHiMOI NOTES TOIHE Aca>uNTS yearended 31 Detember 2024 IN(OME Tot Total Funds FuDds Funds l Re8ularVoluntsry WFO Preperty Fund 76 96A03 6381 Unitrd Appeal GErerdl hfd551on Fund Othercharitles PreShYten Chlldren's 5oclety Y¢Mh Fd ChildTen & Famlty WorkeT IFundl 5eni4Y membe Fund BB GB 7.4fAI &370 9.753 SC &370 7.388 5.183 2,123 SC 1458 5,244 L656 IL 2.458 5,244 1.656 1.378 5.209 1,579 722 BovAln8 Club Fun @ Tots 449 140,600 314 135.350 42,524 3. Don•tknns&Bequests Donafjcn & Bequests 93.068 93.068 4 Fundrahlnl Property Fund General Misslct) Fund Other Chorfle5 692 692 3,186 3.187 4.130 10,503 692 692 61ft Ald WeEkty Givlng 1S.OJ6 16,120 Propth Fund Unlted Ppeal Gerwal M5slw fId OthÈr P¥e5byiErlan Chlldren's Sodety 977 1.381 324 270 977 1.381 J.324 270 125 1.509 1,230 257 125 IS,6 19,083 20530 & Invortm•At Incorn InterESt 593 593 1,286 1,014 3,2DJ IL352 799 lThteres¢.. Gera1 I[SentFund WylleTwst 8uslnÈss Axed TeTh Dep051t kc¢rtmts GIF payable to Mnlster & Sen Mln15ter Llnlted Nppeal Gener31 M551on Fwd Ywth Furnl Bene%tlentFu BB GB Pre5byterf•rtWomen Bowls 1,014 3,200 12,352 326 234 234 736 832 129 Irpj 252 26 2,417 736 656 109 252 26 19576 199 17.159 7N13 7. Other Incom Ballet SchoL4 Use of rfAY6 Caterfn8 Heat & Light Pulp)tSupplv sU1ry C'ren % F3m Woer IM'anneTrLtst) North Belfast Pres UMT PCI GIF p3yable to Minlster PCI GIF payable toSer¥oT Mnisr RetwNI d3ffla8ed cablnets Grant18BI nt IG81 IQ330 352 2,590 4,701 237 340 ILM> itm) 83 ILOIO ii.oio 22,020 io.( 342 71 51)0 L589 71 L589 2L899 32,235 8.123 51.420 Irwe51mBnts- Incraseln valuatlon Total InrornE 727 227 309 551
WHITEHOUSE PRESBYfERIAN CMilliOI NOTE5 TO IHE ACCOUNTS year ended 31 Ilecernber 2024 8. EXPENDITURE Trtal 2024 Totsl 2023 Funds Funds Fund5 urth Hou As5esgments 20.313 20.313 Mln15try & Support staff mIn15¢S Stipend Intstels E¥penses M1rf5terfs c$t rf Llvlng PayThnt Stlpend- CMF Surchaf8e PCI GIF Divlder¥Js payable to Mlni5ter PCI GIF Dlvldends pay7ble to Senior Mln15ter 01ctOr0f Music Chwch Officers Pastornl Worker Chlldren & Famllyworker Llcensed & &lMwÉrssIsthrt}stUdent Mlnlster Natlonal Irs. IStiper¥l,. Exp& App Levy- £1951 Pulwtsupplv 39.036 8.461 3936 8,461 37.177 &124 342 71 342 71 270 56 3,S78 11035 14,026 3,757 13.273 15,078 5,793 4,366 3,757 13.273 15,078 5,793 4.366 5,297 166 8,449 5.055 320 166 Ltte & Work Llcellces Llterdbjre 18ooks aTrJ PttatIOns1 Tralnlng Cowses (Staff and Voluntee) Advértlsln& Prtnt & Statlonery Bank Fees 1.410 270 1,410 270 1,339 511 610 881 2,596 343 2.596 343 1167 363 Caterln8 YouNd Llfe Nl 1,504 1499 1.504 2,499 Photudfdphlc Seces t)onatlon Greenisland Col Rebulld Furyl OtherC05ts luTrJer£5(X)I soo 2,500 sc#J 2,5Th) 2 284 224 14,787 9.618 14,787 AcCOtrdrry Fe• Lesal Fees Presbyiery Fees 820 402 837 402 837 2 059 435 Property & Equlpment Heat & Light clea8 WaterRales maTe RateslGrvJnd Rent Teleph)ne; Intemet & Church Sulte PnJ8 Repairs & Renewals and Equip. Irtsurance Depreclatlon 23,081 572 za,081 572 19.227 l.S18 L632 1.1 2.485 15,367 4.4n 1,146 l223 1,146 2.223 19.863 19 3.056 20,919 40.782 23,975 77,524 69,347 Mlsqlon &Outrtsath Unlted Appeal Genernl Mlsslon FuntF OtherM1551ons & Charftles PSbY1erian child'S Soclety Benevolent Fund SeniOrMernte PCI Un Missi tyw) Children arml FanltyWr*ker Y¢xrth Orga1500r Expenthtwe 9,692 23,691 10,023 725 9,692 23,691 10,023 725 10.258 21.933 9571 2572 710 1,033 645 3.749 14202 3,749 14202 693 13.434 76354 26,239 13,434 76.854 10.478 89,599 Inve5trnents- Decrease in valuatlon TOTAL PAYMENT5 I176 7J77
WHITEHOUSE PRESBYfERIAN CHURCH NOTES TO THE ACCOUNTS year ended 31 December 2024 Itonvd) 9. EMPLOYEES Employment Costs Total Funds 2024 Total Funds 2023 Wages and Salaries {2023 inc £500 Minister Cost of Living Payment) Social Security Costs Expenses Pension contributions 77,219 6.475 10,883 9,658 74,327 5,354 9,078 8,922 104,235 97.681 Chlldren and Family Wod(ers salary costs January- June 2024 covered by Marianne Trust Grdnt Funding being received excluded from above figures. Associated payments I receipts recorded in Other Restricted - Corgregational Funds (C'ren & Fam Worf(er (M'anne Trust)) The average number of employees, including the minister of the congregation. was: Average Employees 2024 Average Employees 2023 Average number of employees (including C&FW & Licensed Assistsnt) There were no employees In recelpt of employee benefits in excess of £60,OfX). 10. PENSION COSTS The minister of the congregatlon is a member of the Presbyterian Church in Ireland Pension Scheme 12009). This is a scheme operated by the 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 careeraverage revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyiefian Church and the Scheme Trustees have agreed 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 December2015 contributions of 24% of pensionable salariesto coverthe accrual of benefit5 for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit. io
WHEHoUSE PRESBYfERIAN CHURCH NOTES TO THE ACCOUNTS year ended 31 December 2024 Note 11. TANGIBLE FIXED ASSETS li.1 Cost or valuatlon Property- Restritted Freehold Church Llhold Manse Total Buildings Halls At Cost At Cost At Cosl Balance blf Additiofts Revaluation5 Disposals Balance ¢lf 41.97Z 113,543 ' L045,963 890W8 419n 113,543 1,045,963 11.2 Accufflulated depreclatlon and impalmient provl4ons Balance bl f tharge for year Impairment Revaluatlons Dlsposals Balance clf 356.L80 17,809 402TI 839 60,010 2,271 456062 20.919 373.989 41.111 62,281 477,381 11.3 Net book value Brought forward 534,268 1,700 53,533 589,501 861 51.262 568,582 Carried forward 516.459 Note 12. Flxture4 Httings & Equlprnent 12.1. Cost General Property- Vnrestricted Alv Organ Equlpment PlJno'$ Church F& Equlpment Total F. F & Equlpment Balance blf 39,901 26207 Addltlons 4,335 4,335 Disposa15 Balance clf 39.901 12.Z. Accumulated Depreclatlon Bal?nce b/ f charge for year Impairm2rrt D15posals Balance clf 39,901 5,466 3,056 45367 3A156 39,901 8,522 12.3 Net book value Brought forward Carried forward 20,741 22.020 20.741 22.020 li
NOTES TO THE ACCOUNTS year ended 31 December 2024 Iconyd) 13. INVESTMENTS The COnggatIon has the following investments. AnUnts are shown at mathet valuation. 2024 2023 General Investment Fund Business Fixed Term Deposit Accounts 179.920 412.352 592.272 171.797 171,797 2024 2023 General Investment Fund Value at start of year Additlor Di5wsals Impaim*nt Gains / (Losses on revaluation) Value at end of year 17L797 157,540 8,123 179,920 14,257 171,797 Buslness Nxed Term Depo4ts Value at start of year Additions AccTued interest May- Dec 2024 Value at end of year 41JO,000 12,352 412,352 I& DEBTORS 2024 2023 Glft Aid Recoverable 18,173 20,530 150 Contrlbution towards use of rooms Fixed Terrn Deposlt Accounts - Calc interest payable May- Dec 2024 WDA contrltmjtions received 2025 12,352 30.605 20,680 15. CASH AT BANK AND IN HAND 2024 2023 Danske Bank Ltd. -current Account Or8anisational Banks Cash in hand 52.000 8,663 516.117 7.069 60,663 523.186 16. CREDITORS- amount falling due wlthin one year 2024 2023 2 x 2024 acCd expenditu items {4 in 2023} 2.401 6,648 2,401 12
WHITEHOUSE PRES8YTERIAN CHURCH SUMMARY OF FINANOAI AcnvmES to 31 DecembEr 2024 17. ANALYSIS OF FUNDS OpeninK balanfe Income Transfers In Expenditure Transle Out Ooslng Balarbce UNRESTRfCtED FUNDS General Account 4C4177 134.107 5.114 166,485 407,816 28.903 FIXfTerrn Deposit Accounts Fum.. EquiF & Fittlnus Total 12.352 400.oc 4,335 409.449 412.3S2 22.020 405.469 20.741 426.918 146.459 169.541 0116 PropertylEqulpment Fund FreeId/ Leasehold propertv Total 58,263 589501 647.764 8.063 19.864 20.919 40.783 4,335 42,197 568.582 610,779 8.063 70 4.535 Ml¥lons & (harltle5 Unlted Appeal1£9,6921 Ger1 Msslon Fund otherChatIeS Pres. Chlldren's Soclety Totsl 9,074 10.910 10.023 62S 30.632 618 9.692 23,691 10,023 725 44,131 37,131 618 23,732 37,131 718 618 23.732 other Restritt•d congratIOnal Funds Youth Benevolent Fund 736 832 1,7C 692 335 9.296 17,660 11828 Senlor Members Fund C'ren & FamWothEr (M'anneTntj Chlldren & Farnlly W0r (Furbll 4,5C6 645 14.202 3,861 ii,oio 3,192 1.240 NBP Ufban Misslon IYWI Total 1.251 2&570 5,000 18,218 3,749 19,288 4.892 1,575 3017 Other Restfl¢ted Or8ants•tloftal Fufidj 4.177 9.154 3,419 7,935 2,Cg1 4,334 12 335 383 L721 io 7.077 1.908 126 449 15,814 I,S35 656 1,559 32 8,672 Bowls Fun Total 140 30 1,120 397 13A34 335 Total Restrlct*d Fund5 720.542 n,727 6.015 117,636 674.C¥]O ENDOWMENT FUNOS Ywth Generdl Total 29,714 142.083 171.797 3L119 148.801 179,920 6.718 8,123 SUMMARY Unrertritted Funds Restr5cted Fufftd$ Endowment Funds Total 426,918 720.542 171.797 la.257 146.459 72,727 8.123 227.309 415464 409,449 6,015 169,541 117.636 407.816 7.648 405.469 674,ClXI 179,920 LL59.389 287,177 415A64 REPRESENTED BY: Cash in Bank OrganlsaUonal Banks Less.. Fun @ Tots (Fund5 rn Gerffil FundAl¢l 52DJO 8.6T2 60.663 Endowment Fund5 General Account- BlnesS FixedTwrn DepD5itAccounts Debtors Ilnclude5 £12352 a¢crtJed FJxedTerm tkw)51tA¢tuJnts InterEStJ gJndry CditOr A55ets 179.920 4(M).iYJO 401 1259,389 13
NOTES TO THE ACCOUNTS year ended 31 December 2024 Icont'd) 18. RELATED PARTY TRANSAcfioN One of the Trustees, the minister of the congregation received remuneration of £39,036; PCI General Investment Funds payable to the Minister in active service of £342 and expenses of £8,461 for acting in that capacity. Pension contribution of £9,369 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). A further Trustee of the Congregation (Church Pastoral Worker) received remuneration of £13,790 and expenses of £1,288. None of the other trustees received any remuneration. During the year, the congregation contributed the followin8 amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity. Congregational Assessments United Appeal World Development Appeal 20,313 9,692 1,675 The congregation contributed £837 towards Presbytery Fees during the year. There were no other related party transactions. 14