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2023-12-31-accounts

Charity Commission for NI Registration Number: NIC104452

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Report and Financial Statements for the year ended 31st December 2023

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

CONTENTS

Page (s)
Trustees’ Report 2 - 6
1.1 Reference and Administrative Information
1.2 The purpose, objectives and measures of achievement of Whiteabbey Presbyterian Church
1.3 Governance and Management Structure
Figure (i): Whiteabbey Presbyterian Church Governance Structure
1.4 Achievements and Performance (Public Benefit Report)
Table (i). Public benefit services provided by WPC
Table (ii). Level of participation in organisations and activities as a crude measure of impact
Independent Examiner’s Report 7
Statement of Financial Activities 8
Statement of Financial Position (Balance Sheet) 9
Statement of Cash Flows 10
Notes to the Financial Statements 11 - 20

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 1 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023

The Trustees present their report and the financial statements for the year ended 31st December 2023.

1.1 REFERENCE AND ADMINISTRATIVE INFORMATION

Charity Name
Whiteabbey Congregation of the Presbyterian Church in Ireland
Other names used
Whiteabbey Presbyterian Church
by the charity
Whiteabbey Presbyterian
WPC
Northern Ireland
NIC104452
Charity Number
Operational Address
602 Shore Road
Newtownabbey
Co Antrim
BT37 0SN
Members of the Board
Rev Angus Stewart
Mr Richard McChesney
of Trustees (Kirk Session)
Dr Neale Blair
Mrs Ann McClelland
Mr Clifford Campbell
Mr Ian McClelland		 Charity Name
Whiteabbey Congregation of the Presbyterian Church in Ireland
Other names used
Whiteabbey Presbyterian Church
by the charity
Whiteabbey Presbyterian
WPC
Northern Ireland
NIC104452
Charity Number
Operational Address
602 Shore Road
Newtownabbey
Co Antrim
BT37 0SN
Members of the Board
Rev Angus Stewart
Mr Richard McChesney
of Trustees (Kirk Session)
Dr Neale Blair
Mrs Ann McClelland
Mr Clifford Campbell
Mr Ian McClelland		 Charity Name
Whiteabbey Congregation of the Presbyterian Church in Ireland
Other names used
Whiteabbey Presbyterian Church
by the charity
Whiteabbey Presbyterian
WPC
Northern Ireland
NIC104452
Charity Number
Operational Address
602 Shore Road
Newtownabbey
Co Antrim
BT37 0SN
Members of the Board
Rev Angus Stewart
Mr Richard McChesney
of Trustees (Kirk Session)
Dr Neale Blair
Mrs Ann McClelland
Mr Clifford Campbell
Mr Ian McClelland
Mrs Caroline Chambers
Mr Alan McCreedy
Mr Mark Chambers
Mrs Sadie		 McCullough
Mr Thomas Creighton
Mr David McNicol
Mr Gareth Dalzell
Mrs Rosemary McNicol
Mr Rodney Ferguson
Mr Allan Nesbitt
Mr David Gamble
Mrs Vyvienne Orr
Dr James Gamble
Mrs Elaine Russell
Dr Harold Harvey
Mr Richard Shearer
Dr Tim Huey
Mrs Christine Swarbrick
Mr Roland Jamison
Mr Ken Swarbrick
Mr David Arnold McAlpin
Mr Alan Taylor
Mr Philip McBride
Mr Jim Warke
MANAGEMENT INFORMATION
Office Bearers
Rev Angus Stewart. . . . . . . . . . . . MINISTER
Mr Richard McChesney. . . . . . . .CLERK OF SESSION
Vacant. . . . . . . . . . . . . . . . . . . . . . . . .DEPUTY CLERK OF SESSION
Mrs Rosemary McNicol. . . . . . . .SECRETARY OF CONGREGATIONAL COMMITTEE
Mr Rodney Ferguson. . . . . . . . . . TREASURER
OTHER INFORMATION
Reporting Accountant
Diamond & Skillen
Sinclair House
89/101 Royal Avenue
Belfast
BT1 1FE
Bankers
Danske Bank Limited
Donegall Square West
Belfast
BT1 6JS

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 2 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

1.2 The purpose and objectives of Whiteabbey Presbyterian Church

Whilst our ultimate purpose is to put into practice those features of a Christian church identified in the Bible - showing God’s love, care and compassion to all with whom we come in contact - our purpose is summarised in the PCI Code (the Governing document of the Presbyterian Church in Ireland) as follows:

‘3. (1) The visible Church consists of all those throughout the world who profess to believe on the Lord Jesus Christ for salvation and to live obedient to God’s Word, together with their children.

(2) The visible Church was established by the Lord Jesus Christ for the glory of the Father and the advancement of His Kingdom in the world. These great purposes are to be accomplished by the proclamation of the Gospel, by witness-bearing to the truth as it is in Jesus Christ and by the promotion of Christian fellowship and mutual edification among all believers.’

It is appreciated that it is difficult by the nature of our purpose, and with the necessary attention to personal privacy, to articulate performance and achievements. We have attempted to do so later in this report by the crude measure of the numbers of public benefit services and activities provided, the extent of volunteer participation and the level of attendance and participation by members and the wider public.

1.3 Governance and Management Structure

The Board of Trustees of Whiteabbey Presbyterian Church (WPC) is referred to in the Presbyterian Church context as the Kirk Session which is made up of the ordained minister and the Ruling Elders. Ruling Elders are elected by congregational vote based on a list prepared by the Session of persons nominated by the congregation. The present Elders, and past Elders who served during the reporting year, are listed above. The Kirk Session is chaired (moderated) by a Teaching Elder who is normally the Ordained Minister called to the Church.

Under the Presbyterian Church in Ireland (PCI) form of governance the corporate oversight of WPC is the responsibility of the North Belfast Presbytery which superintends the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of PCI. The Presbytery consists of the active ministers of congregations within the Presbytery, retired ministers, one elder appointed by the Kirk Session of each congregation and other individuals allowed by the Code of PCI.

Whilst the ultimate guide for WPC is the Bible, the Code (or Constitution Document) of the PCI (latest amendment in 2022), forms the governance document through which we seek to meet our obligations to church members, the public and our statutory obligations and good practice aspirations under the Charities and other legislation.

At WPC a Clerk of Session is elected from amongst the elders. The Kirk Session meets at least six times each year. Several Kirk Session Ministry Groups have been set up to expedite the work of the Kirk Session and each reports, and submits proposals, to Kirk Session on a regular basis.

Whilst the Kirk Session has overall responsibility for the governance of the church, selected tasks are delegated to the Congregational Committee (CC) and the day to day management to the Staff Ministry Team. To facilitate communication and consistent decision making all members of Kirk Session are ex-officio members of the CC, the Committee is chaired by the Minister and the CC minutes are a fixed item on the Kirk Session agenda. All staff team members are invited to attend Kirk Session meetings.

----- Start of picture text -----
North Belfast PCI General
Presbytery Assembly
Congregational WPC Kirk Session
Committee KIRK SESSION Ministry Groups
----- End of picture text -----

Figure (i): Whiteabbey Presbyterian Church Governance Structure

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 3 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

1.4 Achievements and Performance (Public Benefit Report)

The Trustees are aware of the importance of achieving public benefit as described in the WPC entry on the CCNI Register and welcome the guidance given in the CCNI documents. We consider that working for the public benefit has been a core activity of WPC since its foundation in 1833 and it fits easily within our current vision. It is a continuous thread in discussions and decision making at governance meetings.

In addition to the essential work of our nine full and part-time paid employees, unpaid volunteers contribute a significant number of hours per week in delivering a wide range of activities and services.

This is the source of energy through which our public benefit is delivered, and the Trustees express their sincere thanks to all our staff and volunteers.

The public benefit services delivered by WPC are listed in Table (i), and a statistical description of the level of participation is shown in Table (ii).

in Table (ii).
Badminton Club Funeral Services The Village (Annual Youth Event
Baptismal Services Grief Share partnership)
BB Anchor Boys
BB Company Section
BB Junior Section
GA Anchor Girls		 Holiday Bible Club (Children’s Annual
Event)
Home Groups Weekly Studies
Hope Street (Weekly Youth Event)		 Whiteabbey Traders Association
Membership
Wedding Ceremonies
Financial (and occasional physical)
support for selected missions and
GA Junior Girls Indoor bowls poverty relief organisations
GA Girls Company / Seniors Kids & Co. (Mothers, Carers & Toddlers)
Casual Café (occasional coffee and chat Kingdom kids
event for all) Mulanje, Malawi Mission Partnership
Catering Team Service Pastoral visits to homes, hospitals and
Christianity Explored Study Group Retirement and Care Homes
Crèche Retirement and Care Homes Services
Crossroads (Male Youth Home Group) Sew & So’s Craft Group
Deeper (Youth events) Storehouse (foodbank run in Partnership
with Whiteabbey Churches Together
Discipleship Duos Partnership)
Dun Laoghaire PC Partnership Sunday Morning Service
Divorce Care Sunday Evening Service
Firehouse (Female Youth Home Group) Sunday Morning Live (Children’s Sunday
Friendship Hour (for older members and School)
friends) The Pod (Regular Youth Study Event)

Further details on these organisations and activities		 are available on our website whiteabbey.org and in our regular
publications; the weekly printed Notices, the weekly eBulletin and the quarterly Whiteabbey Presbyterian News.

Several of our organisations and activities are provided		 for children and young people. The essential safeguarding is
facilitated through the PCI Taking Care programme for which we have two members appointed as Designated Persons.
Table (i): Public benefit services provided by WPC

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 4 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

2023
2022		 2023
2022		 2023
2022
Number of families under the pastoral care of the church 404 418
Number of persons
-under 18 years		 84 101
-19 - 64 years 498 517
-Over 65 years 304 296
-TOTAL 886 914
Average Weekly
participants		 Average Weekly
participants
Sunday Services
-Morning		 325 310
-Evening 50 50
Average number of weekly online views (YouTube) 283 290
Bible Studies and Fellowship meetings (excluding Sunday Services) 240 215
Sunday School / Bible class type activities 43 15
Non-uniformed organisations for children and young people 90 54
Uniformed organisations for children and young people 83 84
Table (ii). Level of participation in organisations and activities as a crude measure of
impact

Statement of Trustees’ Responsibilities and Corporate Governance

The organisation has been registered with the Charity Commission for Northern Ireland.

The Elders are responsible for their annual report and for the preparation of financial statements for each financial year which give a true and fair view of the state of affairs of the Organisation and of the net movement in funds of the Organisation for that period. In preparing those financial statements, the Elders are required to:-

The Elders are responsible for ensuring that the Organisation keeps proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation and to enable them to ensure that the financial statements comply with Charities legislation. They are also responsible for safeguarding the assets of the Organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:

Statement as disclosure to our reporting accountant

In so far as the Elders are aware at the time of approving our trustees’ annual report:

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 5 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

Internal controls

The Kirk Session has overall responsibility for ensuring that Whiteabbey Presbyterian Church has a system of internal control. Such a system of control can provide only reasonable and not absolute assurance against errors or fraud. Controls are concerned with safeguarding the church’s assets and maintaining the integrity of accounting controls.

Risk Statement

An internal risk assessment has been undertaken in order to identify the major risks to which the organisation is exposed. The Kirk Session recognises its responsibility for the management of risk.

Risk Management

The organisation has in place a well-established system of internal controls that govern its operations. These controls have been designed to provide a reasonable assurance against risks.

STATEMENT OF COMPLIANCE WITH THE DUTY TO HAVE REGARD TO THE CHARITY COMMISSION FOR NORTHERN IRELAND’S GUIDANCE ON PUBLIC BENEFIT

In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities have helped to achieve the Charity’s purpose and provide a benefit to the beneficiaries. No harm and no private benefit flowed from the purposes of the charity.

FINANCIAL REVIEW and RESERVES POLICY

The Elders believe that the Organisation should hold financial reserves because:

 It requires the ability to be able to take advantage of change and opportunities to further its objectives. The Elders believe that the level of unrestricted reserves represented by investments and net current assets should be the equivalent of between three and preferably six months’ operating costs calculated and reviewed annually. Reserves should be built up to the desired level in stages consistent with the charity’s overall financial position and its need to maintain and develop its

charitable activities.

The level of total unrestricted reserves stands at £121,674 (2022: £107,735) represented by investments and net current assets. Operating costs (on unrestricted funds only) currently amount to approximately £285,000 per year, this would mean a target reserve balance of between £71,250 and £142,500. The current level of reserves therefore is within the terms of the Reserves Policy.

Details of the Charity’s funds are shown in Note 15. An analysis of the Charity’s net assets between the funds is given in Note 13. The Elders consider that sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with any restriction imposed.

EMPLOYEES

The Charity aims to be an organisation that employees enjoy working for and where they feel supported and developed. Employees are kept fully informed about its strategy and objectives, as well as day to day news and events. Regular information about the organisation is available through meetings and e-mails. All employees are encouraged to give their views and suggestions on performance and strategy.

INDEPENDENT EXAMINERS

Diamond & Skillen Chartered Accountants were appointed as the charity’s independent examiners.

This report was approved by the Trustees on 20th March 2024 and signed on its behalf by:

Mr Richard McChesney

Clerk of Session

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 6 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF WHITEABBEY PRESBYTERIAN CHURCH

I report on the financial statements of the charity for the year ended 31st December 2023, which are set out on pages 3 to 20.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008 (“the Act”). The charity’s trustees consider that an audit is not required for this year under Article 65(3) of the Act and that an independent examination is needed. The charity’s gross income exceeded £250,000 but did not exceed £500,000 and I am qualified to undertake the examination by being a qualified member of Chartered Accountants Ireland.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which give me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Nigel V Skillen FCA

Diamond & Skillen Fellow of the Institute of Chartered Accountants in Ireland Sinclair House 89/101 Royal Avenue Belfast BT1 1FE

20th March 2024

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 7 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST DECEMBER 2023

Notes Totals
2022
£
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£

Fund balances c/f at 31st December

Fund balances b/f at 1st January
Reconciliation of funds
Net movement in funds for the year
9
Transfers between funds
10
Depreciation
Net surplus / (deficit) for the year
Total expenditure
4

Other expenses
4

Legal and professional fees
on other items
4 / 5

Programme costs
4.1

General administration costs
4.1

Travel and training costs
4.1

Premises costs
4.1 / 4.2

Employee costs
on charitable activities

Promotional costs
on raising funds
EXPENDITURE
Total income
3

Investment income
from investments
3

Other income
3

Gift Aid tax refunded
from other activities
3

Sale of publications
3

Special collections
from charitable activities
3

Grants and Donations
from donations and legacies
INCOME		 841
823
-
1
822
4,740
15,143
-
7,363
7,780
59,508
58,437
-
15,859
42,578
73
117
-
-
117
116,698
92,882
-
92,882
-
249,793
283,544
-
38,768
244,776
431,653
450,946
0
154,873
296,073
9,284
18,377
-
2,513
15,864
10,479
1,020
-
-
1,020
164,961
137,314
-
105,242
32,072
4,907
7,054
-
39
7,015
16,271
16,808
-
-
16,808
37,296
49,186
-
17,231
31,955
189,038
177,977
-
-
177,977
-
0
-
-
-
432,236
407,736
0
125,025
282,711
-
0
-
(577)
577
(11,241)
(11,385)
-
(11,385)
-
(583)
43,210
0
29,848
13,362
(11,824)
31,825
0
17,886
13,939
1,273,925
1,262,101
2,500
1,151,866
107,735
1,262,101
1,293,926
2,500
1,169,752
121,674

The statement of financial activities includes all gains and losses in the year. All income and expenditure derives from continuing activities.

The notes on pages 11 to 20 form part of these financial statements.

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 8 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) AS AT 31ST DECEMBER 2023

Notes 2022
£
2023
£
Total funds
15
Endowment Fund
Endowment funds:
15 / 19
Art Group
15 / 19
Bowling Club
15 / 19
Friendship Hour
15 / 19
Badminton Club
15 / 19
2nd Newtownabbey Boys’ Brigade Company and Girls Association
15
Storehouse Fund
15
Property Management Fund
15
Kids & Co
15
Mission Support Fund
15
Mission travel fund
15
Malawi Fund
15
Asset Holding Fund
Restricted income funds:
15
General funds
Unrestricted income funds:
THE FUNDS OF THE CHARITY
TOTAL ASSETS LESS CURRENT LIABILITIES
NET CURRENT ASSETS
12
PAYABLES: amounts falling due within one year

Cash and cash equivalents
11

Receivables
CURRENT ASSETS

Investments
INVESTMENTS
10

Tangible assets
NON CURRENT ASSETS		 947,115
942,899
947,115
942,899
200
200
348,914
376,640
20,335
20,059
200
200
(54,463)
(45,872)
369,249
396,699
314,786
350,827
1,262,101
1,293,926
2,500
2,500
62
-
343
441
321
275
688
855
1,825
1,108
-
10,188
136,710
157,052
(57)
-
52,008
45,164
12,531
11,770
320
-
947,115
942,899
107,735
121,674
1,262,101
1,293,926

The notes on pages 11 to 20 form part of these financial statements.

The financial statements on pages 2 to 20 were approved by the Kirk Session on 20th March 2024 and signed on their behalf by:

————————————

Mr Richard McChesney Trustee - Clerk of Session

————————————

Mrs Rosemary McNicol Trustee - Secretary of Congregational Committee

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 9 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST DECEMBER 2023

Notes 2022
£
2023
£
Net cash and cash equivalents at 31st December 2023
Net cash and cash equivalents at 1st January 2023
Increase in cash for the year
Reconciliation of net cash flow to movement in net funds
Increase in cash and cash equivalents for the year
10
Expenditure on non-current assets (capital expenditure)
17
Returns on investment and servicing of finance
16
Net cash inflow from operating activities		 -
(7,169)
841
823
4,930
34,072
5,771
27,726
343,143
348,914
5,771
27,726
348,914
376,640

The notes on pages 11 to 20 form part of these financial statements.

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 10 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

  1. Accounting Policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Statement of compliance

The financial statements are 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 Republic of Ireland (FRS 102) (effective from 1st January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 (insofar as this applies to the Charity).

Whiteabbey 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 otherwise stated in the relevant accounting policy note(s).

1.2 Preparation of the accounts on a going concern basis

The Kirk Session’s policy is to undertake ongoing review of the ‘Going Concern’ status of the charity, taking note of the organisation’s reserves policy and projected availability of funds to enable the organisation to fulfil its responsibilities. A statement on the outcome of the ongoing review is given at note 18 on page 19.

1.3 Revenue

Items of revenue are recognised and included in the accounts when all of the following criteria are met:

Revenue received in advance of the provision of a specified service is deferred until the criteria for revenue recognition are met.

Grants receivable

Grants receivable which relate to the year are credited to revenue within the Statement of Financial Activities, with unspent balances being carried forward to subsequent years within the relevant fund.

Specific debts are recognised where approved grant expenditure exceeds grant revenue received to date. Grant revenue relating to future periods is carried forward under payables.

1.4 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

General funds are unrestricted funds which are available for use at the discretion of the Kirk Session in furtherance of the general objectives of the charity and which have not been designated for other purposes. The fund comprises the accumulated surpluses and deficits of unrestricted income and expenditure.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of administering such funds are charges against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income and gains are allocated to the appropriate fund.

1.6 Expenditure

Expenditure is recognised once there is legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 11 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (cont’d)

1.7 Non Current Assets (Fixed Assets)

Fixed Assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £5,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life. The estimated lives and residual values are shown below:

Expected useful life Residual Value
Land. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Indefinite. . . . . . . . . . . . . . . n/a
Buildings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 years. . . . . . . . . . . . . . . . £585,000
Furniture, fixtures and equipment. . . . . . . . . . . . . 10 years. . . . . . . . . . . . . . . . £nil
Motor Vehicles. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 years. . . . . . . . . . . . . . . . . £nil
Computers, software and technical. . . . . . . . . . . . 4 years. . . . . . . . . . . . . . . . . £nil

1.8 Receivables

Trade and other receivables are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

1.9 Cash and cash equivalents

Cash and cash equivalents includes bank deposits, cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.10 Payables and provisions

Payables and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Payables and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2. Legal status of the charity

Whiteabbey Presbyterian Church is a Congregation of the Presbyterian Church in Ireland. It is a charity registered in Northern Ireland no. NIC104452.

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

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WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (cont’d)

3
INCOME

UK bank interest received
from investments:

Organisations’ other income

Wider World

Presbyterian Herald

Immerse Bible

Home Group Subs

Electricity credit

Biblical Counselling

Bible Reading Notes

Catering contributions

Kids & Co

Hall Use income (Prop Mgt Fund)

Other income - Spar (Prop Mgt Fund)

Other income - Mission Support Fund

Other income - General Fund

Gift Aid tax refunded
from other activities:

Bowling Club fees

Friendship Hour donations

Badminton Club fees

Boys’ Brigade and Girls Association
donations

Bookstall sales

Special collections for Missions
from charitable activities:

Boys’ Brigade and Girls Association
grants

Property Mgt Fund - LPW scheme

Property Mgt Fund donations

Malawi donations

Grants received

Other donations

Loose collections

Legacies received

Freewill offering
from grants, donations and legacies:		 3
INCOME

UK bank interest received
from investments:

Organisations’ other income

Wider World

Presbyterian Herald

Immerse Bible

Home Group Subs

Electricity credit

Biblical Counselling

Bible Reading Notes

Catering contributions

Kids & Co

Hall Use income (Prop Mgt Fund)

Other income - Spar (Prop Mgt Fund)

Other income - Mission Support Fund

Other income - General Fund

Gift Aid tax refunded
from other activities:

Bowling Club fees

Friendship Hour donations

Badminton Club fees

Boys’ Brigade and Girls Association
donations

Bookstall sales

Special collections for Missions
from charitable activities:

Boys’ Brigade and Girls Association
grants

Property Mgt Fund - LPW scheme

Property Mgt Fund donations

Malawi donations

Grants received

Other donations

Loose collections

Legacies received

Freewill offering
from grants, donations and legacies:
Totals
2022
£
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£

UK bank interest received
from investments:

Organisations’ other income

Wider World

Presbyterian Herald

Immerse Bible

Home Group Subs

Electricity credit

Biblical Counselling

Bible Reading Notes

Catering contributions

Kids & Co

Hall Use income (Prop Mgt Fund)

Other income - Spar (Prop Mgt Fund)

Other income - Mission Support Fund

Other income - General Fund

Gift Aid tax refunded
from other activities:

Bowling Club fees

Friendship Hour donations

Badminton Club fees

Boys’ Brigade and Girls Association
donations

Bookstall sales

Special collections for Missions
from charitable activities:

Boys’ Brigade and Girls Association
grants

Property Mgt Fund - LPW scheme

Property Mgt Fund donations

Malawi donations

Grants received

Other donations

Loose collections

Legacies received

Freewill offering
from grants, donations and legacies:		 841
823
-
1
822
218
151
-
151
-
-
206
-
-
206
-
334
-
-
334
-
208
-
-
208
-
208
-
-
208
-
600
-
-
600
-
3,026
-
-
3,026
-
270
-
-
270
1,271
2,216
-
-
2,216
-
661
-
-
661
2,460
2,865
-
2,865
-
-
1,000
-
1,000
-
701
3,347
-
3,347
-
90
51
-
-
51
59,508
58,437
-
15,859
42,578
492
808
-
808
-
120
4
-
4
-
541
774
-
774
-
3,080
5,304
-
5,304
-
73
117
-
-
117
112,465
85,992
-
85,992
-
2,330
2,000
-
2,000
-
750
3,292
-
3,292
-
27,877
31,438
-
31,438
-
1,565
860
-
860
-
-
2,665
-
-
2,665
4,713
3,566
-
1,178
2,388
5,066
7,260
-
-
7,260
3,898
450
-
-
450
203,594
232,013
-
-
232,013
431,653
450,946
0
154,873
296,073

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 13 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (cont’d)

4.1
EXPENDITURE

Sundry expenses
Other expenses (see note 5.2):

Other governance costs

Independent examiner fees
Legal and professional fees:
on other items:

Other charitable projects

PCI Assessments

Grants payable

Charitable distributions - overseas

Charitable distributions
Programme costs (see note 5.1):

Telephone, computer and internet

Printing, postage and stationery
General administration costs:

Minister and employee’s expenses

Training
Travel and training costs:

Other premises & eqpt expenses

Cleaning materials

Repairs and Property projects

Heat and light

Insurance

Rates and Water Rates
Premises, equipment & insurance costs:

Employer pension contributions

Wages and salaries
Employee costs:
on charitable activities:		 4.1
EXPENDITURE

Sundry expenses
Other expenses (see note 5.2):

Other governance costs

Independent examiner fees
Legal and professional fees:
on other items:

Other charitable projects

PCI Assessments

Grants payable

Charitable distributions - overseas

Charitable distributions
Programme costs (see note 5.1):

Telephone, computer and internet

Printing, postage and stationery
General administration costs:

Minister and employee’s expenses

Training
Travel and training costs:

Other premises & eqpt expenses

Cleaning materials

Repairs and Property projects

Heat and light

Insurance

Rates and Water Rates
Premises, equipment & insurance costs:

Employer pension contributions

Wages and salaries
Employee costs:
on charitable activities:
Totals
2022
£
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£

Sundry expenses
Other expenses (see note 5.2):

Other governance costs

Independent examiner fees
Legal and professional fees:
on other items:

Other charitable projects

PCI Assessments

Grants payable

Charitable distributions - overseas

Charitable distributions
Programme costs (see note 5.1):

Telephone, computer and internet

Printing, postage and stationery
General administration costs:

Minister and employee’s expenses

Training
Travel and training costs:

Other premises & eqpt expenses

Cleaning materials

Repairs and Property projects

Heat and light

Insurance

Rates and Water Rates
Premises, equipment & insurance costs:

Employer pension contributions

Wages and salaries
Employee costs:
on charitable activities:		 9,285
18,377
-
2,513
15,864
9,605
0
-
-
-
874
1,020
-
-
1,020
10,144
11,320
-
7,508
3,812
19,584
19,727
-
-
19,727
9,200
8,533
-
-
8,533
1,640
3,500
-
3,500
-
124,393
94,234
-
94,234
-
1,123
1,244
-
-
1,244
3,784
5,810
-
39
5,771
16,191
16,648
-
-
16,648
80
160
-
-
160
14,626
1,565
-
-
1,565
1,006
1,418
-
1,203
215
3,746
16,028
-
16,028
-
10,566
22,363
-
-
22,363
5,962
6,306
-
-
6,306
1,389
1,506
-
-
1,506
12,951
12,831
-
-
12,831
176,087
165,146
-
-
165,146
432,236
407,736
0
125,025
282,711

4.2 Staff costs and numbers

Totals
2022
£
Totals
2023
£
Restricted
funds
£
Unrestricted
Funds
£
Pension contributions
Other staff costs
Employers National Insurance
Wages and salaries		 12,951
12,831
-
12,831
54
35
-
35
9,583
9,864
-
9,864
166,451
155,247
-
155,247
189,039
177,977
0
177,977

No employee received emoluments of more than £60,000

The average number of persons, including part-time staff, employed on UK contracts was 8 (2022: 9)

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 14 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (cont’d)

5.1 Breakdown of amounts shown as Programme Costs in note 4.1 Breakdown of amounts shown as Programme Costs in note 4.1
Totals
2022
£
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£
2212
2150
2130
2120
2110
2100
2100		 Friendship Hour
Badminton clubs
Boys’ Brigade and Girls Association
Sundry
Youth & children
Pastoral care costs
Mission & Evangelism
Emerging adult
Kids & Co - Cancer Fund
Kids & Co - Children in Need
Other charitable expenditure:
PCI Assembly assessments
PCI Assessments:
Grants to individuals
Charitable Grants made:
Malawi Project / Mulanje Hospital
Charitable distributions - outside UK / Ire:
Loughgilphead
Exodus
Spark Newtownabbey
UCCF
Presbyterian Children’s Society
Scripture Union
Evangelical Alliance
CARE
Hamsayeh
Christian Institute
Christian Union
IJM
Belfast Bible College
Vine Centre
Students Bursary Fund
PW Missions
Open Doors
Barnabas Fund
Afghanistan Appeal
Save the Children
Donations by 2nd N’Abbey BB / GA
Earl Haig Fund
World Development Appeal
Storehouse
Tear Fund
Christian Aid
Moderator’s Appeal
United Appeal
Charitable distributions:		 -
2,000
-
2,000
-
-
200
-
200
-
-
250
-
250
-
500
1,500
-
1,500
-
1,000
1,000
-
1,000
-
2,000
1,500
-
1,500
-
1,000
1,500
-
1,500
-
1,000
0
-
-
-
2,000
3,000
-
3,000
-
1,000
1,500
-
1,500
-
500
0
-
-
-
2,000
2,384
-
2,384
-
2,000
1,500
-
1,500
-
1,125
1,000
-
1,000
-
-
1,362
-
1,362
-
3,601
0
-
-
-
2,000
1,500
-
1,500
-
256
1,500
-
1,500
-
5,013
0
-
-
-
445
0
-
-
-
75
66
-
66
-
1,019
1,167
-
1,167
-
36,041
36,946
-
36,946
-
1,935
4,320
-
4,320
-
2,031
1,600
-
1,600
-
3,824
3,439
-
3,439
-
29,028
0
-
-
-
25,000
25,000
-
25,000
-
124,393
94,234
0
94,234
0
1,640
3,500
-
3,500
-
1,640
3,500
0
3,500
0
9,200
8,533
-
-
8,533
9,200
8,533
0
0
8,533
19,584
19,727
-
-
19,727
19,584
19,727
0
0
19,727
120
0
-
-
-
270
160
-
160
-
4,970
7,348
-
7,348
-
-
13
-
-
13
4,232
2,479
-
-
2,479
488
556
-
-
556
64
0
-
-
-
-
15
-
-
15
-
615
-
-
615
-
134
-
-
134
10,144
11,320
0
7,508
3,812
164,961
137,314
0
105,242
32,072

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 15 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (cont’d)

5.2
Breakdown of amounts shown as Sundry expenses in note 4.1
9,285
18,377
0
2,513
15,864
1,350
3,085
-
-
3,085
Other expenses
-
630
-
-
630
WiFi Cabling
240
196
-
-
196
Wider World
-
159
-
-
159
TV Licence
-
1,246
-
469
777
PW Missions
300
777
-
-
777
Pulpit Supply
998
849
-
-
849
Presbytery Fees
288
331
-
-
331
Presbyterian Herald
-
444
-
444
-
Organisations’ other expenses
226
411
-
-
411
Office Supplies
1,646
1,773
-
-
1,773
Music Licences
150
500
-
500
-
Mission support - sundry
649
297
-
-
297
Immerse Bibles
939
661
-
-
661
Home Group Material
-
1,100
-
1,100
-
Exodus Team
1,498
2,222
-
-
2,222
Catering expenses
602
251
-
-
251
Bookstall
-
3,026
-
-
3,026
Biblical Counselling
399
419
-
-
419
Bank charges
Totals
2022
£
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£
6
Net incoming resources for the year
874
1,020
-
-
1,020
Independent Examiner’s remuneration
Net incoming resources are stated after charging:
Totals
2022
£
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£		 5.2
Breakdown of amounts shown as Sundry expenses in note 4.1
9,285
18,377
0
2,513
15,864
1,350
3,085
-
-
3,085
Other expenses
-
630
-
-
630
WiFi Cabling
240
196
-
-
196
Wider World
-
159
-
-
159
TV Licence
-
1,246
-
469
777
PW Missions
300
777
-
-
777
Pulpit Supply
998
849
-
-
849
Presbytery Fees
288
331
-
-
331
Presbyterian Herald
-
444
-
444
-
Organisations’ other expenses
226
411
-
-
411
Office Supplies
1,646
1,773
-
-
1,773
Music Licences
150
500
-
500
-
Mission support - sundry
649
297
-
-
297
Immerse Bibles
939
661
-
-
661
Home Group Material
-
1,100
-
1,100
-
Exodus Team
1,498
2,222
-
-
2,222
Catering expenses
602
251
-
-
251
Bookstall
-
3,026
-
-
3,026
Biblical Counselling
399
419
-
-
419
Bank charges
Totals
2022
£
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£
6
Net incoming resources for the year
874
1,020
-
-
1,020
Independent Examiner’s remuneration
Net incoming resources are stated after charging:
Totals
2022
£
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£		 5.2
Breakdown of amounts shown as Sundry expenses in note 4.1
9,285
18,377
0
2,513
15,864
1,350
3,085
-
-
3,085
Other expenses
-
630
-
-
630
WiFi Cabling
240
196
-
-
196
Wider World
-
159
-
-
159
TV Licence
-
1,246
-
469
777
PW Missions
300
777
-
-
777
Pulpit Supply
998
849
-
-
849
Presbytery Fees
288
331
-
-
331
Presbyterian Herald
-
444
-
444
-
Organisations’ other expenses
226
411
-
-
411
Office Supplies
1,646
1,773
-
-
1,773
Music Licences
150
500
-
500
-
Mission support - sundry
649
297
-
-
297
Immerse Bibles
939
661
-
-
661
Home Group Material
-
1,100
-
1,100
-
Exodus Team
1,498
2,222
-
-
2,222
Catering expenses
602
251
-
-
251
Bookstall
-
3,026
-
-
3,026
Biblical Counselling
399
419
-
-
419
Bank charges
Totals
2022
£
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£
6
Net incoming resources for the year
874
1,020
-
-
1,020
Independent Examiner’s remuneration
Net incoming resources are stated after charging:
Totals
2022
£
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£
Totals
2022
£
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£
Other expenses
WiFi Cabling
Wider World
TV Licence
PW Missions
Pulpit Supply
Presbytery Fees
Presbyterian Herald
Organisations’ other expenses
Office Supplies
Music Licences
Mission support - sundry
Immerse Bibles
Home Group Material
Exodus Team
Catering expenses
Bookstall
Biblical Counselling
Bank charges
Net incoming resources for the year		 1,350
3,085
-
-
3,085
-
630
-
-
630
240
196
-
-
196
-
159
-
-
159
-
1,246
-
469
777
300
777
-
-
777
998
849
-
-
849
288
331
-
-
331
-
444
-
444
-
226
411
-
-
411
1,646
1,773
-
-
1,773
150
500
-
500
-
649
297
-
-
297
939
661
-
-
661
-
1,100
-
1,100
-
1,498
2,222
-
-
2,222
602
251
-
-
251
-
3,026
-
-
3,026
399
419
-
-
419
9,285
18,377
0
2,513
15,864
Totals
2022
£
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£
Independent Examiner’s remuneration
Net incoming resources are stated after charging:		 874
1,020
-
-
1,020

7 Trustee remuneration and Related Party Transactions

The total amount donated to the Charity without conditions from trustees and officers (primary related parties) and secondary related parties was £84,415 (2022: £88,080).

No trustee received any remuneration as a result of their Trusteeship of the Charity.

Four Trustees were employed by the Charity and received reimbursement of out-of-pocket expenses during the year (2022: 4). The details are as follows:

Rev Angus Stewart- Employed as Minister of the Congregation - Salary £46,083, Exp allowance £10,482 and mileage £610 Mr David Gamble- Employed as Emerging Youth Co-Ordinator - Salary £28,981 - Expenses £772 Mr Ian McClelland - Employed as Organist - Salary £3,952 - Expenses £nil Mrs Christine Swarbrick - Employed as Organist - Salary £2,846 - Expenses £nil

Thirteen Trustees received reimbursement from the charity where they had paid charity liabilities from personal funds whilst acting as agent for the charity. No other trustee or other person connected to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2022 - Nil).

As a charity, the Church is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or 2256 of the Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 16 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (cont’d)

9
Transfers between the funds
From Property Management Fund to Asset Holding Fund
Transfer relating to the capitalisation of work on the link roof
To Asset Holding fund from Property Management Fund
From Mission Fund to Storehouse Fund
Balance adjustment - creation of separate restricted fund for Storehouse
To Storehouse Fund from Mission Fund
From BB / GA to Property Management Fund
Transfer towards heat & light expense
To Property Management fund from BB / GA
From Mission Support Fund to Malawi Fund
Transfer to fund deficit in Malawi Fund
To Malawi Fund from Mission Support Fund
To General fund from Bowling Club
Transfer towards heat & light expense
To General fund from Badminton Club
Transfer towards heat & light expense
To Mission Support Fund from General Fund
Tear Fund donations
To Mission Support Fund from General Fund
Balance adjustment - sundry restricted donations
To General Fund from Mission Travel Fund
Balance adjustment - sundry expenses
To General Fund from Art Group and Kids & Co Funds
Closure of Art Group and Kid & Co Funds - amalgamation with general fund
Totals
2023
£
Endowment
Funds
£
Restricted
funds
£
Unrestricted
Funds
£
(7,169)
-
(7,169)
-
7,169
-
7,169
-
(9,005)
-
(9,005)
-
9,005
-
9,005
-
(700)
-
(700)
-
700
-
700
-
(2,105)
-
(2,105)
-
2,105
-
2,105
-
0
-
(500)
500
0
-
(350)
350
0
-
100
(100)
0
-
239
(239)
0
-
(61)
61
0
-
(5)
5
0
0
(577)
577

10 Non Current Assets

Totals
£
Furniture,
fixtures &
fittings
£
Buildings
£
Land
£
At 31st December 2022
At 31st December 2023
Net Book Value
At 31st December 2023
Charge for year
At 1st January 2023
Depreciation
At 31st December 2023
Additions
At 1st January 2023
Cost		 7,169
-
7,169
-
996,843
97,562
659,281
240,000
1,004,012
97,562
666,450
240,000
11,385
9,756
1,629
-
49,728
40,501
9,227
-
61,113
50,257
10,856
0
942,899
47,305
655,594
240,000
947,115
57,061
650,054
240,000

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 17 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (cont’d)

11
12		 Receivables
Totals
2022
£
Totals
2023
£
Gift Aid tax reclaims due
Payables: amounts falling due within one year		 20,335
20,059
20,335
20,059
Totals
2022
£
Totals
2023
£
Sundry payables and accruals
World Development Appeal payment due
United Appeal payment due
Income in advance - Biblical Counselling
Interest-free loans		 1,422
3,334
36,041
39,163
7,000
2,500
-
875
10,000
-
54,463
45,872
13 Analysis of charity net assets between funds
Totals
2023
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
funds
£
Payables
Current Assets - cash and cash equivalents
Current Assets - receivables
Investments
Non Current Assets		 (45,872)
-
(42,538)
(3,334)
376,640
2,500
262,223
111,917
20,059
-
7,996
12,063
200
-
-
200
942,899
-
942,899
-
1,293,926
2,500
1,170,580
120,846

14 Financial Commitments

At 31st December 2023 the charity has no annual commitments under non-cancellable leases nor any other financial commitments that are not recognised in the accounts (2022: £nil). Whiteabbey Presbyterian Church has entered into a number of long term contracts for the supply of services all of which are cancellable.

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 18 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (cont’d)

15 Statement of Funds
At
31 Dec 23
£
Transfers
£
Outgoing
resources
£
Incoming
resources
£
At
1 Jan 23
£
Total funds
Total endowment funds
Endowment funds
Total restricted funds
Congregational Organisations
Storehouse Fund
Property Management Fund
Mission Support Fund
Mission travel fund
Malawi Fund
Asset Holding Fund
Total unrestricted funds
General reserve		 121,674
577
(282,711)
296,073
107,735
121,674
577
(282,711)
296,073
107,735
2,679
(1,555)
(8,056)
9,109
3,181
10,188
9,005
(252)
1,435
-
157,052
(6,469)
(17,232)
44,042
136,711
45,164
(10,771)
(95,285)
99,212
52,008
11,770
(61)
(700)
-
12,531
0
2,105
(3,500)
1,075
320
942,899
7,169
(11,385)
-
947,115
1,169,752
(577)
(136,410)
154,873
1,151,866
2,500
-
-
-
2,500
2,500
0
0
0
2,500
1,293,926
0
(419,121)
450,946
1,262,101

Summary of the Aim and Use of Restricted Funds

16 Reconciliation of changes in resources to net cash inflow from operating activities

16 Reconciliation of changes in resources to net cash inflow from operating activities
17 2022
£
2023
£
Net cash inflow from operating activities
(Decrease) / increase in payables
Decrease/ (increase) in receivables
Net incoming resources before depreciation and investment income
Returns on investment and servicing of finance		 (2,228)
(8,591)
8,582
276
(1,424)
42,387
4,930
34,072
2022
£
2023
£
Investment income from UK Sources 841
823

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 19 of 20

WHITEABBEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 (cont’d)

18 Going concern

The Kirk Session considers that the charity has sufficient funding in place to continue its operations in the near future and thus deems the use of the going concern basis to be appropriate.

19 Restricted fund - Congregational Organisations

The charity accounts include the consolidation of the accounts of the Congregational Organisations (2nd Newtownabbey Boys’ Brigade Company and Girls Association, Badminton Clubs, Friendship Hour, Bowling Club and Art Group). During the year there were transactions between the main charity bank and the Congregational Organisations’ bank accounts and these transactions have been treated as transfers between the funds. Further information on these transactions can be found in note 9.

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Page 20 of 20