Independent examiner's report to the charity trustees of Woodlands Presbyterian Church. I report on the accounts of the companyforthe year ended 31 December 2023, which are set out on the following pages. Respective responsibilities of charity trustees and examiner As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myselfthatthe charity is not subjectto audit under company law, and is eligible for independent examination. it is my responsibility to: examine the accounts under section 65 of the CharitiesAct • followthe procedures laid down in the general Directions given bythe Charity Commission for Northern Ireland undersection 65(9)(b) of the Charities Act • state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and myexamination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Act. The examination included a reviewof the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charitytrustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe= 1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not complywith the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles ofthe Charities Statement of Recommended Practice CCNI ARR07-supportingdocument 7 August 2016 applicable to charities preparingtheiraccounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland 4. Thatthere is further information needed for a proper understandingofthe accounts to be reached. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a memberof a listed body. I can confirm that I am qualified to undertake the examination because l am a registered member of Irish Institute of Chartered Accountants which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions ofthe Charity Commission for Northern Ireland, I have found no matters that require drawingto your attention.
Name: .4kLnCI acty L Address: J4iie4-ho trCQ/t,S ltrul O IJF Date: q16iAg
Balance Sheet as at 31 Dec 2023 Woodlands Presbyterian Church 2023 2022 No Fixed Assets Current Assets Cash at bank and in hand 129488 129935 No Creditors Net Current Assets Total Net assets Charlty Funds Restricted Funds Unrestricted funds TotalFunds 84034 45454 129488 67037 62898 129935
Statsment of flnanclal a¢tlvltlesforthe year ended 31 Dec2023 Woodlands Presbyterlan Church Income Fiom Note Unrestrlcted Funds 2023 Restrlcted Funds 2023 TotslFunds 2023 Total Funds 2022 Donations and Legacies Charitable Activities Investments Other Income Total Income 196784 88409 285193 260618 260618 Expendlture on: Charitable Actlvlties TotalExpendfture 214228 214228 71412 71412 285640 239463 Net Income (expendlturel Before net (losses} Gains on investments Galns on Investments Net movement In Funds -17444 16997 21155 -17444 447 21155 Reconclllatlon of funds Total Funds broughtforward Net movement in funds Totsl Funds Carrled forward 62898 67037 16997 129935 -447 129488 108780 21155 -17444 The statementofFinanclal Activltles includes all gains and losses recognised in the year The notes fo the followlng pages form part of these tlnancial statements
Notes to the Financial Statements Forthe year ended 31 December 2023 AccountiTr3 policies 1.1 Basis of preparation of financial statemen15 The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting ond Reporting by CharÉties.' Statement of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effectwe 1 January 2015), the Financia5 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Charitres Act INortherTr Ireland) 2008. Ballyclare Congregation of The Presbyterian Church in Ireland meets the definFtion of a public benefft entty under FRS 102. Assets and liabilities are initially recognised at historitral cost or transaction value unless otherwi%e stated in the relevant accounting policy. 1.2 Income All income is recognised once the charity has entitlement to the income, tt is probable that the income will be reiVed and the amount ofincome receivable tran be measured reliably. The recognition of income from legacies is dependent on establishing entitlemen( the probabilty of receipt and the ability to estimate wth sufficient accuracy the amount re1vable. Evidence of entrf(lement to a legacy exists when the charty has suificient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the ¢Jeath of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when (( is probable that it will be receThied and the fair value of the amount receivable. which will generally be the expected cash amount to be distributed to the Charty, can be reliably measured. Income tax recoverable in relation to investment income [5 recognised at the time the inve5trnent income is receivable. other income 15 recognised in <the 9eriod <n which it is receivable and to the extent the goods have been provided or on completion of the seTViCe. 1.3 ExFenditure Expenditure is recognised once there is a legal or construthe obligation to transfer economic benefft to a third paty. it 15 probable that a transfer ofeconomic beneffts will be required in settlement and the amount of the obligab.on can be measured reliably. Expenditure is classified by actNty. The costs of each actimty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activty. Direct costs attributable to a single activtty are allocated directly to that activity. Shared costs which contrybute to more than one activity and support costs whh are not attributable to a single activity are apporhoned beeen those activities on a basis consistent with the use of resources. Central stsff costs are allocated on the basis of time spent. and depreciation charges allocated on the portion ofthe asseY5 use. Expenditure on charitable activilies incUed on directly undertaking the activtttes which fiJrther the thanty's objectives. as well as any associated support costs. All expenditure is inclusNe of irrecoverable VAT. 1.4 InvestrEnts Fixed asset investments are a fomi of financial insltument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less ImpalmnL Investment gains and losses, whether realised or unreali5ed. are combined and presented as 'GainsJ(Losses} on investments, in the Statement of Financial Actwrties.
Accounting policies (continued) 1.6 Debtors Trade and other debtors are recognised at the setdement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.6 Cash at bank and in hand Cash at l)ank and in hand includes cash and short4emi highly liquid investments with a short maturtty of three months or less from the date of acquisttion or opening of the deposit or similar account. 1.7 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet dats as a result of a past even( it is probable that 8 transfer of economic benefft wll be required in settlemen( and the amount of the settiement can be estimated reliably. Liabiltties are recognised at the atrnunt that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or service5 it must provide. Provisions are measured at the best estimate of the amounts required to setue the obligation. Where the effect of the time alue of money is material, the provision is based on the present value of those amounts. discounted at the pre4ax discount rate that reflects the risk5 specific to the liabilrty. The unwinding of the discount is recognised in the Ststement of Financial Actimties as a finance cost. 1.8 Financial instruments The chanty only has financial assets and financial liabilitses of a kind that qualfy as basic financial instruments. Basic finanaal instruments are initially recognised at transaction value and subsequenty measured at their fetuement value with the exception of bank loans which are Subsequent measured at amortised cost using the effective interest method. 1.9 Fund accounting General fijnds are unrestricted fijnds which are available for use at the discretion of the Trustees in ftjrtherance ofthe general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside bythe Trustees for particular PUTpose5. The aim and use of each designated fvnd is set out in the notss to the financial statements. Restricted funds are funds which are to be used in accordance wtth specific restrictions imposed by donors or which have been raised by the chartty for particular purpose5. The costs of raising and admini5tertng such funds are charged against the specific fund. The aim and use of each restricted fvnd is set out in the notes to the financial statements. Investment income, gains and losses are ellocated to the appropriate fund.
2 Incomefrom Donationsand Legacies UnrethctedFunds2m AestrictedFunds20TJ TotalFunds2023 TotalFund52 Donatlons FreewlllofieKing PropertyAccount MissionaryAccount SpecialCoiiectiDn5 Jmsecolleclions GiftAid Misc. Donation5 Qig3ni5ations Income 139910 17126 30371 10342 10402 132445 15477 27806 9310 17126 30371 10342 353 812 812 32269 1791 34143 32369 Legacles Bequests LegaciE5 SubtotslDetslled DF5dosyre Total2023 Toial2022 3 In¢mFromCIMrltabteAthilles Nolncomefrom CharitableAct6vitles 41nvèstsnontlnc No Investment Income SOiherlncomlngResource$ Nootherlftctsme 6knalyslsotexpendllUrn onChirltsbleA¢tr4es SummarytyFundType Unr¢51rfcled Fund$2023 ReSirfcFUThds2O23 rotsL2023 TotaL2022 Mlnimer Assessment COngreil)nalrUnn1nÉEXpen5eS Donab"or10isSoft$and¢h8fities Misceikneous IrNe5tmeni Expenses Audll Fees 40000 40000 22697 I073 32870 24160 151531 1143 32870 TDts12022 1639 7Auditor5Remuneraiion Ihere Is noAudiiof5fee Wages andSalarte5 Soci3lSecurityCosts 28370 8193 51642
Thea¥eragenumberofempleSemplQ bythe charJtydurfngtheyearwasa5follow5 2022 No employeerecefvedremuneratloTharnountlngio rnorethan£60.000 inellheryeaf. gHxedAss•tln¥•sbnrits No Isents held 10 Debto No Debtors Iicredhors Nocrediiors 12SummèrytslFund5 SummaryolFund$¢uryentYear BaianceatiJaft2023 Expendlture Baeat3lDQc2o23 GeneralFun¢ts ReslricteilFwS ToraL 214228 285193 SufflmaryofFuntsPre¥kw5Year BalarKeatiJan 2 Incorne ExperKtitu Baiaftctat3lOec2022 GeneralFunts Restsic¢ed Fund5 Totsi S0914 I73 1639 108780 26061È 13Reconeiiiatton0tNetMrnnÈllt1n Fund5to Tret ¢aslrtiowlrtynapernUngaetlvltle$ NetlrthmelExpendiiurelortheyearas per statementDtfinanclalaciNities 2023 447 21155 14Analysfsrf¢ashand cashequtrdieiits 2023 2022 15Analysls of change$ Innetdebt Atljan 2tr23 Cashflows At310ec2023 44> 16Relatsd partytsansa¢iion5 ThereYRre rIatedPartytran3aCtI0nS durfngthE arto31Dec2023