Kilbride Congregation of the Presbyterian Church in Ireland Financial Statements for the year ended 31 December 2023 Charity Nos: XN47272 NI Charity Commission Registration No: 104986
Kilbride Congregation of the Presbyterian Church in Ireland Contents Page Contents Trustees, Annual Report Aud it Report 8-11 Statement of Congregational Committee 12 Statement of Flnanclal Actlvltles 13 Balance sheet 14 Notes to the financial statements 15-17 The following pages do not fom part of the Flnanclal Statements Detailed Ststement of Financial Activities 18-22 Page 1
Kilbride Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements for the year ended 31 December 2023 The Trustee5 present thelr Annual Report and Flnanclal Statements for the year ended 3 1 December 2022 Including a Statement of Assets and Lrabilitles as at that date. REFERENCE AND ADMINIsfRATlliE DETAILS Kilbride congregation of the Presbyterian Church in Ireland Address. 12 Moyra Road, Doagh Ballyclare BT 39 OSD Reg Istered CharY In Northern Ireland (NIC104986) CHARITY TRusfEES The Charf(y Trustees who served during the year or who were trustees at the date of thls report were: Names: Mrs Adralnne Bowden M iss Josephlne Lorlmer Mrs Ann Wilson Mr Davld Hoy Mr Darryl Bowden Mr Desmond Humphries M r Elliott Martln Mr5 Jayne Wright Mr James Grant Mr Ivor Cromie Mr Robert Rankin Mr Stanley Holland M r Willlam AILqtalr Lamont Mr Richard McGeagh Mr Norman Drennan Rev Gareth McFadden Mr Marc McCallK)n Mrs Denise M illigan M rs Maureen Stirling M r Phlllp Mcmaster M r David Annett M 155 Chrstine CraKJ PRINCIPAL OFFICE BEARERS Minister Rev. Gareth McFadden Clerk of Sesslon Mr. William Lamont Acting Treasurer Mr. Samuel Campbell INDEPENDENT AUDITOR FPM Accountants Ltd. UNIT I Buildlng 10 Central Park Mullusk Co. Antrlm BT36 4FS BANKERS Dan5ke Bank 18 The Square Ballyclare 39 9BB SOLICITORS J.W.McNlnch & Son 5 The Square Ballyclare Co Antrlm BT39 9BB P2
Kilbride Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements for the year ended 31 December 2023 STRUCTURE AND MANAGEMENT The Kirk Session The charlty trustee5 of the congregatlon are the members of its Kirk Session. Under the congregatlon's govemlng document, The Code, the book of the constitutlon and government of the Presbyterlan Church In Ireland, the Kirk Session seeks to watch over and promote the spirltual Interest of the congregation and of persons not connected with any congregation who are within Its bounds. It ensures pastoral care is in place in the congregation and seeks to fijrther the contrlbutlon of the Church to Christian witness and service in the local community- The Kirk Sesslons has delegated to its Congregational Commlttee the temporal affairs of the congregation Including administering all funds and property belonging to the congregation. Members of the Kirk Sesslon are ex-officlo members of the Congregational Committee. The Kirk Session consists of the ordalned mlnlster and the ruling elders of the congregatlons. All members are entitled to propose. speak and exercise equal votes at meetings. except that the Moderator, the ministers in active duty in the congregation, ha5 no deliberative but only a casting vote. Stated meetlngs of the Klrk se55ion are held, at least eight in each year or as appropriate. To be chosen for the ofFice of the eldership in the congregatlon a person must be a voting member and a regular attendant on its ordlnances. The selection of those proposed to be called to the office can be either by the congregation or by the Klrk Sesslon. Members are elected if they obtaln two-thirds of those who vote. Presbytery Under the Presbyterlan Church in Ireland fomi of governan the corporate oversight of a congregation is the responsibility of a Presbytery whlch superintends generally the spiritual and tempordl affairs of the congregations assigned to St by the General Assembly of the PresbyterSan Church in Ireland. Kilbride congregation of the Presbyterlan Church has been assigned to the Templepatrick Presbytery of the Presbyterlan Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly. minsters who have retired from attlve duty and an elder appointed by the Klrk Session of the ongregation. The General Assembly The General Assembly Is the supreme court of the Church, representing in one body the whole Church and acting a5 its supreme legislative, administratlon and judicial authority, in dealing wlth all matters brought before It. The General Assembly is nomially constituted during the first week In June for worship and to conduct its business. At the end of buslne5S it is dissolved. The membership of the General Assembly consists mainly of the actlve mlnlster5 of each congregation, retired mlnsters and a representative elder appointed by the Klrk Se55i0n of each congregatlon. DESCRIPTION AND PURPOSE The charitable purpose of the congregation is the advancement of rellgion. Page 3
Kilbride Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements for the year ended 31 December 2023 Kllbrlde congregatlon of the Presbyterlan Church Is a congregatlon of the Presbyterian Church In Ireland. The Presbyterian Church in Irelan(i, as a Reformed Church within the wider body of Christ is grounded in the Scriptures, and exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play their part in fulfilling God's mission to our world. The congregations mission purposes. To know Christ and to advance his Kingdom. is increasingly charactensed by love for God, and love and concern ftir othet5," is committed to the historic Christian gospel a5 revealed in the Bible,. is relevant to people of this time and place. The congregation aims to live out its Mission and Vision as a family of God's people by being.. A Covenant Community.. where our relationships are rooted in the promises of God by Jiving faithfully toward him and toward one another - An Intergenerational Community.. where adults intentionally take the lead to enoage with, encourage and nurture younger membet5 to maturity in Chnst. - An Outward looking Community.. where we want the blessings of God that belong to us in the gospel to become blessings ftir others beyond the bounds of our community. - As a congregation of the Presbyterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, and that the Westrninster Confession of Faith, along with the Laryer and Shorter Catechisms set out what we understand the Bible teadJe5 on key matters of Chnstian faith and practice ACTivrrIES AND OBJECTIVES The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lord's Supper is observed on five or six occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation holds regular bible study meetings and has a wide range of organisations and activities listed below; Event/Or8anisatlon A8e range Frequencv Sunda mornin Sunda school Bible class Crèche Children's church Café church CE BB worshi Weekl Weekl Weekl 3-10 11-16 Weekl Weekl Monthl Varies 7-18 4-19 Weekl Weekl Week Weekl GB 3-18 Youth club 10-18 variable monthl Weekly Weekly Bible study group5 18-70+ Cyclists Mum and toddlers 30-65 Page 4
Kilbride Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements for the year ended 31 December 2023 Eventlorganisation Age rae Frequency Prayerbreakfast Men's Bible study Friday fellowship Unite 12-70 Monthly Monthly Monthly Weeklv Weeklv Weekly Iweek Annuallv Monthly 30-65 50-90+ 18-25 Thutsday bowls Junior badminton 50+ 6-16 Holiday Bible aub 4-11 Bumside Lunth club 50+ ACHIEVEMENTS AND PERFORMANCE Worship and Prayer The congregation normally meets for worship each Sunday at 11.30am. Durlng the week the Bible Study provides an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer. We have resumed our normal pattern of meeting now covid restrictions have been removed As well as our regular services during the year we acknowledged God'5 grft of new lrfe at one Sacrament of Baptism. we conducted one marriage service and gave thanks for faithful servants and sought to comfort thc6e who had been bereaved during the year. Due to Covid-19 we did not welcome new members wfchin the congregation to the communion roll on proftssion of faith We welcome two new people on transfer. At 31 December 2022 there were 347 communicant members and families connected with the congregation. The average weekly attendance at morn ing worship is 250. Pastoral care It ha5 always been the case that members of the congregation who are unable to attend church due to sickne55 or age are vistted on a regular basis by the minister. elders or by one of the congregation'5 pastoral visitors. Pdstoral care has now returned to the usual pattern we had before Covid restrictions. Mission and outreath At a local level the congregation g ives donations to GBYFC (Greater Ballyclare Youth for Christ), The Big House, Open Doors, Gideon5, Latin Link, Christian Aid, Tear Fund and Newtownabbey Fi)od Bank. The congregation su pports the United Appeal for Mission which is a central fijnd of the p$byterlan Church in Ireland. Thi5 fund enables congregations to support the wider mssion of the denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on r(5 own. The United Appeal Fund provides financial support for missKJn personnel at home and overseas, assists congregations with the deployment of localty based staff, enables church planting provides grant support for the upkeep of church premises, a5515t wtth the running costs of Union Theolcg ical College, the Church's train ing college for ministry students, and financially su pports cong ruJation in the areas of worship. disciplhIp global mission, outreach, leadershlp and pastoral care. The congregation also contribute5 to the denominations annual Moderators Appeal. Sunday Sch1 project and any other special appeals. Pap5
Kilbride Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements for the year ended 31 December 2023 Presbytory The congregation was represented at the regular meetings of Presbytery by our minister and / or one of the elders. This provides an important link between the congregations and the wlder structures of the church. General Assembly The minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterlan Church in Ireland held in Assembly Buildings, Belfast, in June. Volunteers The Trustees wlsh to acknowledge their deep appreclatlon to those who glve freely of their tlme by serving on committees and helping with organisations and other church activities. PUBLIC BENEFIT STATEMENT The Presbyterian Church In Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Christlan Gospel of the Lord Jesus Chrlst through the advancement of religion. The direct benefits which flow from the purposes of the Church include the galnlng of an understandinp in Chrlstlan bellets as set out In the Bible and in the Church's subordinate standards (the Westmlnster Confession of Falth and the Shorter and Laryer Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In tum, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved). Generally, the above beneflts are dellvered locally by congregations and their members or are facilitated through presbyteries or are organised and delivered centrally. Local (Jellvery 15 facllltated by ntral resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites, and social medla or In other ways. The benefits are demonstrated through regular evaluation of the serVIS and infomial and ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The only prlvate benefit flowing from our purpose is related to Ministers, Misslonaries, Deaconesses. Irish Mission worker5 and Lay Agents who receive benefits as a result of thelr holdlng offlce or employment. However, this is incidental and necessary in order to fvrther our charitable purpose. The are no other private benefits. The beneficiarie5 of this purpose are members. their families, other individuals that the Presbyterian Church in Ireland Is in direct and indirect contact with. the cornmunity in which pastoral services are provided and other communitles throughout Northern Ireland. the Republic of Ireland, and worldwide which beneflt from our engagement with and support for both Christian and other secular organisations, charitles and individual members of the public. The Kirk Session has had regard to the Charity Commlssions Public beneflt requlrernent statutory guidance. Page 6
Kilbride Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements for the year ended 31 December 2023 FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering. There were 310 families donating £131,447 during the year, 295 in previous year donating £120,446 Total Income of the congregation during the year was £254,500 compared to £220,815 in the previous year. Total expenditure increased from £240,799 to £244,455. Although we did less work to our property, the pri of utilities increased significantly this year. STATEMENT OF TRUSTEE RESPONSIBILMES The Trustees are responsible for preparing the annual report and the financial statements of the congregation in accordance with applicable law and generally accepted accounting practice. As the congregation's total income exceeds £250,000, the Trustees have prepared full SORP based accounts comprising a Statement of Financial Activitiies, Balance sheet and notes. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the congregation's transactions and disclo* with reasonable accuracy at any time its financial position. They are also responsible for safeguarding the assets of the congregation and hen for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Kirk Sesslon on 30th March 2024 and signed on its behalf byi William Alistair Lamont Trustee Clerk of Session Re Gareth McFadden Tnjstee Chair of Trustees Page 7
Report of the Independont Audltors 10 tho mombers of Kllbrlde Presbyterlan Church YE 31st December 2023 (a charty registered with the Charity Commission of Northem Ireland) Oplnlon We have audited the financial statsments of Gems Northem Ireland Ltd for the year ended 31 December2023 which comprises the Statement of Financial Actswties and the Balance Sheet, and the notes to the accounts. including a summary of signtficant accounting policies. The financial reporfing framework that has been applied in their preparation is applicable law and United Kingdom Accounting SLindartds. including Financiat Repjrbng Standard 102 and statementof RecommendeLI Praciice for Charities. The Financial Reporttng Standard applicable in the UK and Republic of Ireland (United ngdorn Generally Accepted Accounting Practtce}. In our opinion the ffinanciai sLements: - give a true and fair view of the state of the charitable companys affairs as at year ended 31 December 2023 and of its incoming reSoUrS and application of resources, induding its income arKI expenditure. for the yearthen ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance tyth the requirements of the Companies Act 2006 and the . Chartbes Act for Northern Ireland 2008 Basls for oplnlon We conducted our audit in accordance wilh Internalional Standards on Audsling (UK) (ISAS (UK)) and applicable law. Our responsibilities under those starKlards are further described in the Auditors responsibilities for the audit ot the acUnts section of our reporL We are independent of the charty in accordance Vth the ethical requirements that are relevant to our audfc of the accounts in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethioal responsibilities in accordance wilh these requirements. We believe that the audit evidence v have obtaned is sufficient and appropriate to provide a bas for our opinion. Conclu8lon8 relallng to golng eoncem In auditing the financial slatements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropiate. Based on the work we havè performed. we have not identified any matÈrial uncèrtainties relating to events or conclitions that. indrviduatly or collectively. may cast signifirAnt doubt on the chariws ability to continue as a going concem for a period of at least iwelve months from when the financial statements are authorised for issue. Our responsibilities and the resFonsibilities of the trustees vrith respect to going concem are described in the relevant sections of this repoTL Page 8
Report of Ihe Independent Audltors to tho mombers of Kllbrlde Presbyterlan Church YE 31 st December 2023 (a charity registered Wbth the ChaTity Commission of Northem Ireland) Other Inlormatlon The other infomatton comprises the infornation included in the annual report, other than the accounts and our auditor's report thereon. The Trustees are responsible for Ihe other information. Our opinion on the accounts does not cover the other informatton and, except to the extent otherwise explicitly stated in our report, we do not express any fom of assurance conclusion thereon. In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so. considèr whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such rnateri inconsistencies or apparent material misstatements. are required to detemiine whether there is a material misstatement in the accounts or a material rnisstatement of the other information. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that facL We have nothing to report in this regard. Opinlon9 on other matters prescrlbed by the Companleg Act 21KI6 In our opinion, based on the WO undertaken in the course of our audtt: - the information given in the Trustees Reportfor the financial year for which the accounts are prepared is consistent the accounts- and - the Trustees Report has been prepared in accordance wtth applicable legal requirements. Mattors on whlch we aro requlred to report by exceptlon In the light of the knowledge and understanding of the Trustees and its environment obtained in the course of the audit. we have not tdentified matsrial misstatements in the Trustees Report. We have nothing to report in rèspect of the following matters in relation to which the Companies Aet 2006 requires us to report to you if, in our opinion- - adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us; or - the accounts are not in agreement with the accounting records and retums; or - certain disclosures of trustees, remuneration specified ty law are not made- or - we have not received all the inforThation and explanations we require for our audiL Re3ponslbllltles ol Trustees As eXplne more fully in the Statement of Trustees Responsibiliiios, the Trustees are responsible for the preparation of the accounts and for being satisfied that they give a twe and fair VIÈW. and for such internal control as the direotors deternine is necessary to enable the preparation of accounts that are free from material mi5StatemenL whether due to fraud or error. Page 9
Report of the Independent Audltors to the Members of Kllbrlde Presbyterlan Church YE 31st Decembor 2023 (a charty registered with the Charity Commission of Northern Iland) In preparing the accounts, the Trustees are responsi18 for a88e88ing the charity8 ability to continue as a going concern, disclosing. as applicable. matters related to going concem and using the going concern basis of accounting unless the Trustees either intend to liquidats the company or to cease operations. or have no realistic allemative but to do so. Audltor's rnsponslbllltle8 for the audlt ol tho flnanclal stalements Our objectives are trj obtain reasonable assurance about whether the accounts as a whole are free from material misslatement. whether due to fraud or error. and to issue an auditols report that includes our opinion. Reasonable assurance ts a htgh level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UlQ will always detect a materia] misstatement when it exists. hKisstatements can arise from fraud or error and are considered Materi if. indr¥idually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line wilh our responsibilibes. ouuined above. to detect material misststements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud. is detailed below. We obtained an understanding of the legal and regulatory framework applicable to the company through ènquiry of managemenL industry research and thé application of cumulative audit knowledge. We identified the followtng principal laws and regulations relevant to the company- Companies Act 2006 and the Finanual Reporbng Standard appltcable in the UK and Republic of Ireland IFRS 102). We developed an understanding of the key fraud risks to the entity (Including how fraud might occur). the controls in place to help mitigate those risks. anLI the accounts. balances and disclosures within the financial statements which may be susceptible to management bias. Our understanding was obtained through review of the financial statements for significant accounting estimates. analysis of journal entries. walklhrough of the key controls cycles in place and enquiry of managemenL Our procedures to spOnd to those risks Identied included, bui were not limited to: Enquiry of managemenL those charged with govemancÈ and the Èntitys solicitors around adual and potential litigation and claims. Enquiry of management to identify any instances of non-compliance with laws and regulations. Reviewing minutes of meelings of those charged with governance. Reviewing financial statement disclosures and tesling to supporfing documentalion to assess compliance with applicable laws and regulations. Auditing the risk of management override of controls, including through tesling journal entries arKI other adjustments tor appropriateness, and evaluats.ng the business rationale of significant transactions outside the normal course of business. Page 10
Report of the Independent Audltors to the m8mbers of Kllbrlde Presbylerlan Church YE 31 sl December 2023 (a charity registered with the Charity Commission of Northem Ireland) A further descripb'on of our responsibilities for the audtt of the accounts is located on the Financial Reporting Council's website at hjA•V.frc.org.Uk1auditQrsréSponsIbIIi1Les. This description ft)rms part of our auditorfs report. This report is made solely to the charitable compan$ members, as a body. in accordance wth Chapter 3 of Part 16 of the Cornpanies Act 2006 and regulations made under that ACL Our audit work has been undertaken so that we might state to the charitable companys memberg those matters we are required to state to them in an auditors. report and for no other purpose. To the fullest extent permttted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members as a body. for our audit worl for this report, or for the opinions we have fomed. 30th March 2024 FPM Accountants Ltd. UN1 Building 10 Central Park Mullusk Co. Antrim BT36 4FS Date Page 11
Kilbride Congregation of the Presbyterian Church in Ireland statement of Congregational Committee's responsibilities for the Financial Statements The purpose of this statement is to distinauish the Conoregational Committee's responsibilities for the accounts from those of the auditors as stated in their report. The Code permits the Congregational Committee to prepare accounts for each financial year which give a true and fair view of the congregation's financial activities during the year and of its financial position at the end of the year. In preparing the financial statements the congregational commlttee should follow best practice and: select suitable accounting policies and apply them consistentlyi make judgements and estimates that are reasonable and prudent; follow the recommendations of the accounting professional with regard to the form and content of the financial statements, or to disclose and explain any departures therefrom. and prepare financlal statements on the golng concem basls, unless It Is inappropriate to assume that the congregation will be able to continue to meet its obligations. The congregational committee are responsible for keeping proper accounting records of all the congregational transactions which disclose with reasonable accuracy the financial position of the congregation and which enable them to ensure that the financial statements comply with the disclosure regulations. They are also responsible for safeguarding the congregational assets, and hence for taking reasonable steps for the prevention and detettion of fraud, error and other Irregularities. Mr S Campbell Slgned on behalf of the Congregational Committee. 30th March 2024 Date Page 12
Kilbride Congregation of the Presbyterian Church in Ireland Statement of Financial Activities (incorporating the Income and Expenditure Account) for the year ended 31 December 2023 Property & Investments Unrestricted Restricted Restricted 2023 Total 2022 Total Notes Incom e from: Spectfied Sources Donations and Legacies Collections and Wider Work Investment Income Other Income Sources Property Account Halls Renovation Account Ch urch Organ isations Total Income 131,447 131,447 120,446 125 27,3g2 2,937 468 43,585 1,433 580 315 23,030 2,425 24,586 44,812 24,463 3.005 24,901 44,812 395- 12 Expenditure on: FCI Assessments Allowances Salarie5 Collections and Wider work of the church General Expenses Property Account Halls Renovation Account Depreciation Ch urch Organisations Total Expenditure 71,455 1,131 38,458 71,455 1,131 59.569 25,244 36,626 25,937 73,778 3,265 35,227 25,645 37,595 31,293 12,000 21,111 25,244 6,481 25,937 30,145 141 188 103 267 Net (Expenditure) / Income for the Year Transfers 4*5 Net Income before other recognised galns or losses (19,984) Recog nised (loss)/gains on investments 594 Net movement in Funds (19,390) Reconciliation of Funds Fund Balances Brought Forward 4-5 5,975 56,444 515,248 577,667 591,083 Fund Balances Carried Forward 587 712 571 693 All income derives from continuing activities, therefore no statement of recognised gains or losses is given. The notes on pages 13 to 15 forni an integral part of these financial statements. Page 13
Kilbride Congregation of the Presbyterian Church in Ireland Balance Sheet as at 31 December 2023 Notes 2023 2022 Fixed assets Tanglble fixed assets Investments 457.505 451,530 515.249 509,274 Current assets Cash at bank & in hand 72,463 62,419 Net Current Assets 72.463 62,419 Total Assets Less Current Llabilities 587.712 571.693 Creditors: Amounts falling due after one year Net Assets 587 712 571 693 Funds Restrirted Funds 588.754 565,718 Unrestricted Funds 587 712 571 693 For the year ended 31 December 2023 the charity wa5 entitled to exemption from audit under section 65 of the Charitie5 Art (Northern Ireland) 2008. Trustees, responslbllltles. The members have not required the charity to obtain an audit of Its accounts for the year in questlon in accordance with section 65: and The trnstees acknowledge their responsibilities for complylng wlth the requlrement5 of the Act with respect to accounting records and the preparatlon of accounts. These financial statements were approved by the members of the congregatlonal comrnittee and are signed on their behalf by: 30th March 2024 Date Mr S Campbell Trustee The notes on pages 13 to 15 form an integral part of these financial statements. Page 14
Kilbride Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements for the year ended 31 December 2023 l. Accounting Policies a) Basis of Preparation The financial statements have been prepared in accordan 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 l January 2019) and the (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Kilbride Presbyterian Church has an annual income of greater than £250,000. The financial statements have been prepared on an accrual-based accounting principle. Kilbride Presbyterian Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transattion value unless otherwise stated in the levant accounting policy notes. b) Preparation of the accounts on a going concern basis Kilbride Presbyterian Church has prepared the accounts on a going concern basis. The balan sheet is strong with strong continued support by the members. c) Income Income is CogniSed by the charity on a receipt basis. d) Donated services and facilities In accordance with the Charities SORP (FRS 102), the general volunteer time of the Charity's volunteers is not recognised financially in the Statement of Financial Attivities. e) Interest receivable Interest on funds held on deposit is included when received. f) Fund Accounting Unrestritted funds are available for use at the discretion of the Congregational Committee in furtherance of the objettives of the charlty. Designated funds comprise unrestricted funds that have been set aside by the Congregational Committee for particular purposes. General funds may be transferred to designated funds where the Congregational Committee wish to use these funds for a specific purpose. Such funds may be transferred back to general funds once the criteria for the designation have been met or are no longer applicable. Restritted funds are subjetted to restrittions on their expenditure imposed by the donor or through the terms of the appeal. Page 15
Kilbride Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements for the year ended 31 December 2023 l. Accounting Policies ctd... g) Expenditure and irrecoverable VAT Expendlture Is recognlsed when pald. Expenditure is classified under the following activity headings- Expenditure on charitable activities includes the costs of central church assessments, mlnlstry and SL5PPOrt staff. core team and organisations expenditure, church running costs and administration, donations and other support services to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falllng Into any other heading. The church is not registered for VAT purposes, therefore irrecoverable VAT is charged to the Statement of Flnancial Actlvitles. or capitalised as part of the cost of the related assat. whère appropriate. h) Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, human resources, payroll and governance costs which support the charity's activities. These costs have been allocated against the expenditure on charitable activities. i) Tangible fixed assets and depreciation The bulldlng are shown at lost less Impalrment to date Impalmient of bulldings Is consldered on an annual basis j) Cash at bank and in hand Cash at bank and cash in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisitlon or opening of the deposit or slmllar account. k) Taxation The church Is a registered charlty and the charitable tax Èxemptions are therefore being clalmed to the extent that income and/or gains are applicable and applied to charitable purpose5 only. These exemptlons wlll remaln in place as long as income and expenditure is applled to charitable purposes only. l) Critical accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are requlred to make judgements, estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other source5. The estimates and associated assumptlons are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. Page 16
Kilbride Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements for the year ended 31 December 2023 2. TANGIBLE FIXED ASSETS Freehold Property Total COST At l Jan 2023 At 31 Dec 2023 823 000 823 000 IMOAIRMENTS TO DATE At I lan 2023 Charge for the year At 31 Dec 2023 365,495 293,000 365 495 293 000 NET BOOK VALUE At 31 Dec 2023 457 505 530 000 At 31 Dec 2022 457 505 530 000 3. INVESTMENTS 2023 2022 Opening Market Value Additions Disposals Realised gain/(105s) on investments Closing Market Value 57,7H 60,976 Investments at cost 28,238 28,238 Page 17
The following pages do not form part of the ststutory financial statements which are the subject of the independent examineVs report on pages 8 and 9. Page 18
Kilbrlde Congregation of the Pregbyterian Church in Ireland Dotssled Statement of Financial Artivities for the year ended 31 December 2023 INCOMING RESOURCES Unrestricted Restrirted General Propèrty Oruanisation Othor 2023 Total 2022 Total Sptclfled Source Freewill Offering Sunday Loose Collectlons Gift Aid 109,359 3.282 109,359 3.282 99,683 * 1.755 * 19008# 120 446 # 131447 131 447 Colleclxins and Wider Work Orphan5 & Childrens Soc. Orphans & Childrens Soc. Gift Aid World D4vl•pm4nt World Development Gift Aid Unlted Appeal United Appeal Gift Aid Mission Support Mission Support Gift Aid Short Tem Mission omania Proj¢¢l Donations Spark The Big House Reid Family Kilbride Ukraine fund Earthquake appea5 Ukraine generator fvnd Other Income Gift aid Antrim area hospital Tear Fund Local hardshlp fund ModeratoVs Appeal 311 loo 1,612 * 265 10.960 * 2,316 * 727 1.912 1.912 10,909 2.449 3.766 788 774 10.909 2,449 3,766 788 774 208 035 2.035 550 3.741 * 845 309 677 556 1,380 140 140 733 733 50 700 700 Inve51ment Income Investment Interest 580 580 other Income Sour¢eB Sundries Presbyterian Heralds & Word Fgr Tod Church Weekend REND Ticket5 TBF Thompson Sunday School Grant GB Gift Aid BB ANBC Youthwork Grant Youth Coordlnator Grant 1,415 1,413 315 3,805 591 500 208 260 315 3.805 591 soo 77 2,025 2,025 315 468 Property Account 44 612 Halls Renwatlon A¢Unt Ory¥nisotion$ 395 TOTAL INCOMING RESOURCES 134 171 40 70 254 50Q 120 814 Page 19
Kllbride Congregation of the Presbyterian Church in Ireland Detailed Statement of Financial Activities ctd... for the year ended 31 December 2023 RESOURCES EXPENDED Unrestrlcted Restricted General Propertyorganisation Other 2023 Total 2022 Total PCI Assessments PCI Assessments PCI Pension Fund National Insurance Stipend Minister's Car Allowan Minister's Duties Allowance Costof Living Apprenticeship Levy 12,568 9.987 4,556 41,614 1,005 670 848 208 12,568 9,987 4,556 41,614 1,005 670 848 208 12,678 9,512 5,376 39,632 3,829 2,553 198 Allowances Minister's Expenses Youth Coordinator Expenses Pastoral Assistant Expenses 232 56 842 232 56 842 859 Salaries Church Officer Church Administrator Pastoral Assistant Wages Administration HMRC Youth Co-ordinator 8.840 6.534 17,040 780 5,264 8.840 6,534 17,040 780 5,264 8.857 6.126 16,640 725 1,166 Page 20
Kilbride Congregation of the Presbyterian Church in Ireland Detailed Statement of Financial Activities ctd... for the year ended 31 December 2023 RESOURCES EXPENDED ctd... Unrestricted Restricted General Property Organisation Other 2023 Total 2,022 Total Collectlons and Wlder Work of the Church GBYFC World Development Orphans & Childrens society United Appeal Fund Moderators Appeal Mission Overseas Teachers Residence Mission support Wider Work Latin Link (choir) Antrim Area Hospital Ukraine Generator Fund Tearfund Cluj Schools Appeal SPARK 2022 Seniors Christmas Lunch 1,877 411 14,335 3,043 60 12,694 12,694 2,817 2,817 5,008 4,395 330 5,008 4,395 330 677 845 556 3,741 loo General Expenses Rates and Ground Rent Sundries Pulpit Supply Presybytery Fees Office Expenses Property Insurance Cleaning & Maintenance Electricity Telephone Bank Fees Heating Oil Heralds and Word for Today Music Licence FWO Envelopes N.I. Water TV Licence ANBC Grant Spend Youth Stationery Zoom fee Technology Cuju delivery of goods Church weekend & REND Tickets Christmas gifts Gifts organ seryi Ukraine Family transport TBF Thompson Grant spend Sundry Chair5 for Youth Wing Cradle Roll REND Tickets Holiday Bible Club Unpresented Cheques Defib 2,577 2,577 2,461 550 1,561 2,243 5,262 547 8,050 1.007 450 2,657 1.557 814 550 1,561 2,243 5,262 547 8,050 1,007 450 2,657 1,557 814 450 1,576 2,100 4,708 468 14,126 905 485 2,705 854 761 161 209 161 209 1,570 117 318 1,570 636 107 824 89 250 622 500 335 630 768 768 4,395 4,395 1.113 59 1113 59 408 109 408 568 459 816 45 144 (497) 598 -497 598 Page 21
Kilbride Congregation of the Presbyterian Church in Ireland Detailed Statement of Flnanclal Activlties ctd... for the year ended 31 December 2023 RESOURCES EXPENDED ctd... Unrestrirted General Restricted Propertyorganisation Other 2023 Total 2022 Total SPARK First Aid Trdining COVID Dispensers and expenses CD Ministry and IT Communion Elements BB Fun Day Basketball Nets GB/BB Equipment Event Speakers Kennedy Family Christmas Gift Storage Cupboards After SeNice Treats Landlord Fee United Parishes GB Computer Graeme Reid Gift Loan adjustment 57 420 340 540 607 Property Account Including depreciation charge ftjr this year of £4,400 Halls Renovation Account Including depreciation charge for this year of £12,000 Organisations Total Resources Expended 141 188 9 628 244 455 240 799 Page 22