an
WOODVALE CONGREGATION OF THE PRESBYfERIAN CHURCH IN
IRELAND
Financial Statements
for the year ended 31 December 2023
Reglstered Charity In Northern Ireland (NIC104498)

INDEPENDEIYT EXAMINER'S REPORT
We report on the financial statements of Woodvale Presbyterian Church for the year ended 3151 December 2023
which are set out on pages I to 7.
Respective responsibllities of trustees and independent examiner:
The Charity's mistees are responsibl¢ for the preparation of the financial ststements The trustees consider that
an audit Is not requiTrd for this year under section 62(2) of the Charities Act (Northern Ireland) 2008 and that an
independent examination is needed.
li is our responsibility to
examine the fmancial statements under section 65 of the Charities Act (Northem Ireland) 2008.
to follow the procedures laid down in the general dirextion given by the Chanty ComTnission for
Northem Ireland under section 65(9Xb) of the Charities Act (Northern Ireland) 2008
to state whether particulars matters have come to my attention
Basis of the Independent examlner's statement
Our examination was carried tn accordance with the general directions yiven by the Charities Commission for
Northem Ireland. An ex8n)ination Includes a review of aLcountinb> records kept by the charity and a
cornparLqon of the Financial Stat¢ment& presented with tlinsc rccords li a150 includes consideration of any
Linusual items or disclosures in the accounts. and seeking Lxpl<2nalioiis froiii yoii as trustees toncernin8 any such
rnalters. The procedures undertaken do noi providc all IliL IdLiicc diat woiild be required in an audit. and
coi)sequently no opinion Is given as to whether the fin1( Iiciul siaiemenls present a "true and fair" and the report is
Iiin Ited to those matters set oiit in the next staternenl
Independent examiner'8 statement
Iii co',Inection with our exaMu￿tion, no matter has come to our attention.
l ) whiih gives us reasonable cause to believe that in any matenal respecl the rL'ciuireineiils
to kept accounting records in accordance with section 63 of the Charit)es Act .
to prepare f￿ancIal Statements which accord with the ac¢ountin&i records and comply with the
accoiinting TeqLiireiiicnts of the Charities Aci 2008.
have iiot been iiicl or
2) io which. in oiir opiiiioii, attention shoiild be drawn in order to enable a proper
iinderstanth'ng of tlic liiiancial statemei)Is to be reached
lan Murray
For and on behalf of
laii Murray & Co. Ltd, Chartered Certified Accountan
27 Joymount, CatTickfergu5. BT38 7DN
Dated: I Ith March 2024

Presbyter
an
WOODVALE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL AcllviTY (Receipts and Payments Account)
for the year ended 31 December 2023
Note Unrestrlcted
Funds
Restrlcted Endowment
Funds
Funds
Total
2023
Total
2022
Recelpts
Donations and legacies
Charitable activities
Other trading activities
Investment Income
Other
Organisations
63,291
1,962
7,544
70,835
1,962
62,213
1,756
1,230
1,756
1,230
9,000
1,824
9,000
5,446
Sale of Investments
Sale of fixed assets
Loans Received
86,017
86,017
Total Receipts
154,256
16,544
170,800
69,393
Payrnents
Raising funds
Charitable activities
Investment costs
Other
Organisations
247
106,247
247
124,548
390
114,350
18,301
5,508
5,508
4,451
106,494
23,809
130,303
119,191
Purchase of Investment5
Purchase of fixed assets
Loan Repayments
Total Payments
106,494
23,809
130,303
119,191
Net recelpts / (payments)
Transfers between funds
47,762
(4,6871
{7,265)
4,687
40,497
(49,798)
Net movement in funds
Funds brought forward
43,075
74,922
(2,578)
32,976
40,497
107,898
(49,798)
157,496
Funds carried forward
12
117,997
30,398
148,395
107,698

an
WOODVALE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREIAND
STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2023
Unre5trlcted
Funds
Restrlcted
Funds
Endowment
Funds
Total
Funds
2023
Total
Funds
2022
Funds Reconclllatlon
Bank and Cash at start of year
Net movement in funds
74,922
43,075
32,976
(2,578)
107,898
40,497
157,696
{49,798)
Bank and Cash at end of year
117,997
30,398
148,395
107,898
Bank & Cash Balances
Bank Deposit Accounts
Bank Current Accounts
Cash in Hand
Bank Current A/Cs - Organisations
Cash in Hand - Organisations
133,889
77
14,429
96,856
105
10,937
148,395
107,898
Other Assets
Fixed Assets- Note 10
Church Premises
Fixtures, Fittings & Equipment
Vehicles
Investments- Note 11
fjift Aid receivable on donations
6,386,887 5,924,596
82,552
6,386,887 6,007,898
Uabllltles
Loans
Other
Approved by the Kirk Session at a meeting on 11 March 2024 and signed on its behalf by
11 March 2024
11 March 20

an
WOODVALE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the totsl income of the congregation is less than £250,000 the congregation have elected in
accordance with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland)
2015 to prepare its accounts on a receipts and payments basis,
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or at the
congregation's discretion. the income derived from the endowment is to be used either as restricted or
unrestritte(l income funds depending upon the purpose for which the endowment was established in
the first place.
Restricted funds comprise (a> income from endowments which is to be expended only on the restricted
purposes intended by the donoi and (b) revenue donations or grants for a specific congregational
activity intended by the donor. Where these funds have unspent balances, Interest on their pooled
investment is apportioned to the individual funds on an average balance basis.
Unrestricted funds are income funds which are to be spent on the congregatlon's general purposes.
Designated funds are general funds set aside by the congregation for use in the future.
DONATIONS AND LEGACIES
Unrestricted
Funds
Restricted Endowment
Fund5
Funds
Total
2023
Total
2022
Recorded giving
Loose collections
Donations and gifts
GiftAid
Legacies and bequest
46,805
821
3,496
12,169
6,487
53,292
821
3,496
13,226
51,846
1,027
7,250
1,057
2,000
63,291
7,544
70,835
62,123

an
WOODVALE CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
CHARITABLE AcfiviTIES
Unrestrirted
Funds
Restrlcted Endowment
Funds
Funds
Total
2023
Total
2022
Income from charitable actlvities
Fees from weddin8s and funerals
Fundraising events
1,962
1,962
1,962
1,962
4. OTHER TRADING ACTIVITIES
Unrestrlcted
Funds
Restrlcted Endowment
Funds
Funds
Total
2023
Total
2022
Letting of premises
Trading income
5. INVESTMENT INCOME
UnrestrTcted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
Deposit interest
General Investment Fund
Rents investment properties
Other investment income
1,756
1,756
1,824
1,756
1,756
1,824

an
WOODVALE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREIAND
NOTES TO THE ACCOUNTS {conVd)
31 December 2023
OTHER INCOME
Unrestrlrted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
Insurance claims
Other income
1,230
1,230
1,230
1,230
RAISING FUNDS
Unrestrlrted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
FWO envelopes
Fundraising events
247
247
390
247
247
CHARITABLE ACTIVITIES
Unrestrlrted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
General Assembly Assessments
Presbytery fees
Ministry and support stsff costs
Congre8ational running expenses
Donations to missions & charities
Governance costs
15,630
654
65,772
23,541
15,630
654
65,772
33,692
8,150
650
13,206
768
67,822
22,685
9,239
630
10,151
8,150
650
106,247
18,301
124,548
114,350

an
WOODVALE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTE5 TO THE ACCOUNTS (cont'd)
31 December 2023
OTHER EXPENDITURE
Unrestrlrted
Funds
Restrlrted
Funds
Endowment
Funds
Total
2023
Total
2022
Investment properties expenses
10. FIXED Assrrs
The congregation owns the Church premises situated at 64A Woodvale Road, Belfast BT13 38T.
The congregation owns the manse situated at 76 Woodvale Road BT13 3BU
These have an insurance value (including fixtures and fittings) of £6,386,887 at the last renewal date.
11. INVESTMENTS
The congregation has the followin8 investments. Amounts are shown at market valuation.
2023
2022
General Investment Fund
Property
Other investments
82,552
82,552

an
WOODVALE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTESTO THE ACCOUNTS Iconvd)
31 December 2023
12. FUND BALANCES
Fund
Balance at Receipts Payments Surplus/ Transfer
start
(Deflclt)
Balance
at end
Unrestricted Funds
General Fund
74,922 154,2S6
106,494
47,762 (4,687)
117,997
74,922 154,256
106,494
47,762 (4,687)
117,997
Restrirted Funds
Maintenance Fund
United Appeal
World Development Appeal
Good News For Everyone
pci
Scripture Union Nl
Samaritans Purse
Tear Fund (Syria Appeal)
Emergency Appea15
Galway Famlly
Kerr T
Organisations
15,767
3,936
2,708
340
10,151
6,695
195
100
200
100
300
560
(6,215)
(3,987)
145
(100)
(200)
(100)
(300)
9,552
3,987
45
190
100
200
100
300
560
I,ooo
2,913
2,314
10,937
I,ooo
2,913
2,314
14,429
9,000
5,508
3,492
TOTAL FUNDS
32,976
16,544
23,809
(7,265)
4,687
30,398
Endowrnent Funds
TOTAL FUNDS
107,898 170,800
130,303
40,497
148,395
Valuatlon at
5tsrt
Revaluatlo
n Increase
Valuatlon
at end
General Investment Fund
82,552
0 182,552)