CHARITY REGISTRATION NUMBER: NIC105045 Bangor West Congregation of the Presbyterian Church in Ireland Financial Statements 31 December 2023
Bangor West Congregation of the Presbyterian Church in Ireland Financial Statements Year ended 31 December 2023 Page Trustees, annual report Independent auditorfs report to the members Statement of financial activities 12 statement of financial position 13 ststement of cash flows 14 Notes to the financial statements 15
Bangor West Congregation of the Presbyterian Church in Ireland Trustees. Annual Report Year ended 31 December 2023 The trustees present their report and the financial statements of the charity for the year ended 31 December 2023.
Bangor West Congregation of the Presbyterian Church in Ireland Trustees. Annual Report (continued} Year ended 31 December 2023 Reference and admlnistrative details Reglstered charity name Bangor West Congregation of the Presbyterian Church in Ireland Charfty reglstratlon numbar NIC105045 Prlnclpal offlce 91 Crawfordsbum Road Bangor BT19 1BG The trustees Mrs C Bell Dr. M Bennett Mr D Boland Mr L Conway Mr J Eves Mr H Fulton Mrs J Fulton Mr l Gilkeson Mr B Knox Mr l McAleer Mr R McAvoy Mrs G McAvoy Rev Dr C Mcmullen Mr B Moorhead Miss H Neill Mr D Polley Mr B Richardson Mr l Robinson Mr R Robinson Mr R ScL)tt Mr P Shields Mrs H Thompson Mr A Ward Mr T Warwick Mr D Wilson Mr G Carleton Mrs K Crockford Mr G Hall Mr M Harding Mrs R Morrison Mrs C Ritchie Mrs B Crawford Mr T Cravrford Mrs S Ferguson Mr T Hinds Mrs l Moore Mrs E Neilly Rev Dr C Dickson (Retlred 13 February 2023) (Retlred 13 February 2023) (Retired 13 March 2023) Auditor Muir & Addy Chartered accountants & statutory auditor 427 Holywood Road Belfast BT4 2LT
Bangor West Congregation of the Presbyterian Church in Ireland Trustees. Annual Report (continued) Year ended 31 December 2023 Bankers Danske Bank Donegall Square West Belfast BT1 Structure, governance and management West Presbyterian Church is part of the Presbyterian Church in Ireland (PCI) and as such is governed by its constitution. Full detsils of its constitution are contained in The Code,. The book of the Constitution and Govemment of the Presbyterian Church in Ireland, published by the Authority of the General Assembly. The Code can be viewed on-line on the PCI website. Withln th8 local Church th8 ruling body is the Klrk S8ssion, which is made up of elected elders who work together with the Minister in 'the oversight and government of the congregation, for the up-building of God's people in spiritual fruitfulness and holy concord, and for the extension of Christ's kingdom among all people,. The Kirk Session meets approximately 10 times peryear, and is attended by elders and stsff members are invited to join the deliberations. West Church Is a single church with two sites: the m8in site is on the Rathmore Road in Bangor 2nd the other on Drumhlrk Drive, Kilcooley. There is one Kirk Session and one Congregational Committee with both sites having elected represenlalion on each body. The Elders of the Church are also the Charity Trustees of the Church. This change came into place Wlth the formal registration of the church as an individual charity with the Charity Commission of Northern Ireland. The registration number for the church is NIC105045. The Kirk Session oversees the work of seven Aclion Teams, each of which leads and develops the main mission of the church. The Teams are.. Discipleship Kilcooley Mission Outreach Pastoral Care Youth and Chlldren Worship and prayer The membership is made up both of elders and other members of the West-Kilcooley congregation. Each Team is co-convened by a member of Staff and an elder. The Staff Team meets on a weekly basis and ensures the co-ordination of the work and coherence around the aims of the church. This arrangement enables a more effective use of the time at Session meetings; a more wide-angled view of the whole of church life for Session members. and a more distributed leadership team that gamers
Bangor West Congregation of the Presbyterian Church in Ireland Trustees. Annual Report (ntinUed) Year ended 31 December 2023 fresh expertise and helps develop new leadership talent. During 2023. the Action Teams each prepared a development plan which set out their respective priorities for the year. They have also been asked to submit a budget. The plans were approved in principle by the Kirk Session subject to a review by the Staff Team to ensur8 coherence and scope. Action team Convenors report to Session on key matters for decision and on key developments. Among the other duties that have been delegated to Committee by Kirk Session are: the administration of all funds belonging to the congregation. the administration of all the propety of the congregation, its maintenance and insurance-, ' the oversight of the use of any part of th8 church premises. the implementation of health and safety regulations; hospitality and catering; ' the appointment, support and training of staff and volunteers; and communlcation wlth Ihe members and the wider community through digital and written medla. The current committee is made up of e1ve members who were elected in 2022. The following su groups have been formed, each with approval to Co-opt a number of other memb8rs of the congregation: ' Property ' Human Resources ' Finance Communications Catering & Hospitality Each of these groups Is using the significant expertise of their members to make a posltlve contributlon to the work of the church across both sites. Objectlves and activltlos THE PRESBYfERIAN CHURCH IN IRELAND, as a Reformed Church within the wlder body of Christ is grounded in the Scriptures, exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable her m8mbers to play their part in fulfilling God's mission to our world. The Activities of the Church include", West Church holds five services of worship each Sunday and a range of other activities mid-week. All are open to anyone of appropriate age andlor gender whether or not they are members of our congregation. Our fund8mental purpose is To Serve Christ and to Serve Others., West Church, like any Christian Church places a strong emphasis on prayer - prayer for our own members, our local community, oursoci81, civic and political leaders and the worldwide Christian Church and its associated charitsble organisations.
Bangor West Congregation of the Presbyterian Church in Ireland Trustees. Annual Report {conlinued) Year ended 31 December 2023 Achi8vements and performance Overview During the course of the year (in which Rathmore Road celebrated its 60th anniversary) we have continued to see our numbers grow back after the Covid years. The three morning services on the Rathmore Site average a total attendance of between 550 and 600 adults" Young West (for 11-18 year olds) attracts around 45 young people, while West Kids (for 3-11 year olds) attracts around 85. About 15 pre-school children are catered for in the Creche. Attendance at the Sunday evening service on the Rathmore Road averages around 50 while the Sunday morning service in Kilcooley has an average attendance of between 40 and 50 adults. In October, Kilcooley Kids, began, running concurrently with the main church service; about 7 children come along each week. The Pastoral Care Action team has worked over the course of the year lo review how we best care for our members, particularly those who are house-bound or in less good health. Following a series of training sessions, a team of between 12 and 14 members has undertaken additional training with a view to drawing up a programme of pastoral visits for those who are hous8-bound or in residential or nursing care. A disability audit was completed across both sites. During the course of the year, a number of events were held both by way of outreach or discipleship across both sites. About 45 people signed up for an Alpha Course which was held in the early part of the year on Sunday evenings, a 'More 'discipleshSp' Conference was held over a weekend just before Easter. A new Men's Ministry began in the early Summer. Our work wilh Christians against Poverty continued on three fronts - the work of our debt coach. the provlsSon of several Money courses and the provision of a Life Skills Course. Around 25 small groups (8-10 people) meat usually on a fortnightly basis for study, prayer and fellowship. A number of seminars were held looking at a Christian response to matters of current interest- suffering, artificial intelligence and care for the environment. At Christmas we held an evening of game8, craft and food for families in the community. These events were in addition to our usual programme of youth activities including those associated with our Girls, Brigade and Boys, Brigade companies and our annual Easter Mission. During the summer months, we undert(K)k slgnificant renovation work on the Kilcooley site which wa were able to fund from the sale of the Kilcooley church manse. A new kitchen, a refurbished sanctuary 8nd a new welcome area have greatly enhanced the premises. The Square Centra Café has also had 8 face-lift and with it a new menu. Our broad strategy in moving forward as West-Kilcooley is to link where we can with local groups, to build relationships and to share Jesus. As with many communities these days there is much social need, but our aim is not just to provide support where we can, but always to do so with the explanation that we do what we do in the name of Jesus. That applies to our work in the School, and with community groups,. it applies to Warm Space, Kilcooley Tots, and the After School Club. A number of our church members work in different mission roles in other parts of the world. including New Zealand, Russia. Kenya and Canada. as a church f8mily we support them financially and prayerfully. We are also on target to provide £60k over three years to support El Abrigo Church in Cali, Columbia. West- Kilcooley also continues to support the persecuted church, meet its United Appeal target within the Presbyterian Church in Ireland, and provide weekly grocery donations to the Storehouse Foodbank in Bangor.
Bangor West Congregation of the Presbyterian Church in Ireland Trustees. Annual Report (contlnuad) Year ended 31 December 2023 Achievements and p8rfonnance (continued) We have a number of other extemal links - our members sit on the Board of Governors of three of our local schools. we also contribute to the Neighbourhood renewal group in Kilcooley and work with one of the other community groups to provide an afterschool club in the area. we also work closely with Young Life to reach unchurched young people and some of our members support the work of Safezone. a pastoral and outreach ministry on the streets of Bangor on Saturday evenings. staffing In March 2023. Rev. Dr Colin Dickson (associate minister) resigned and moved to Dublin to take up a position as Moderatorfs Assistant. Mrs Louise Davidson resigned from her position as Deaconesss to take up a new role with PCI in Friendship House. Mr Mark McGuiggan was engaged as accountant to replace Stephen Cully who retired in February 2024. Mrs Sara Douglas was appointed as part-time cleaner on the Kilcooley site. At the end of year. permissions were given and an advertisement was placed to appoint a new Associate Minister, with the expectation that the post would be filled by Easter 2024. Financlal rev16W The Incoming sOurceS for all aspects of church life In 2023 amounted to £756,482. Thls comprises £468,658 of incoming resources attributable to unrestricted reserves and £287,824 attributable to restricted reserves. We are grateful to God and the generosity of the congregation for the increased levels of contributions. In totsl expenditure amounted to £1,009,885 therefore 8xceeding income by £253,403. However, £244.316 of the expenditure was incurred on the substantial, non-recurring, refurbishment of of th Kilcooley Church building. The committee aim to hold, as a minimum, cash reserves sufficient to fund the church's expenditure for minimum of three months. Plans for future perlods W8 are blessed 88 a congregation to have been 8bl8 with God's help to sustaln our work and mlnistry throughout the pandemic and now, through a cost of Ilving crisis. Our main misslon is, in our fragmented society, to point P8ople to the freedom from fear and negalivity and to the hope th8t is at the heart of the Christian gospel. All of what we do continues to be underpinned by our aim to 'Serve Christ and Serve Others,. In practice this means helping our members grow and mature in faith, supporting and ministering to one another, and reaching out with a mission to share the hope and love of Jesus We move forward in that aim in God's strength and look to Him to guide us in our vision for the future 8nd as we seek to expand our witness In partnershlp with those in the West Bangor and Kilcooley.
Bangor West Congregation of the Presbyterian Church in Ireland Trustees. Annual Report (continued) Year ended 31 December 2023 Trustees. responslbllities statement The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources. including the income and expenditure. for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consislently", observe the methods and principles in the appllcable Charities SORP; make judgements and accounting estimates that are reasonabl8 and prudent. prepare the financial ststements on the going concem basis unless it is inappropriate to presume that the charity vlill continue in business. The trustees are responslble for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventlon and detection of fraud and other Irregularities. The trustees, annual report was approved on 8 April 2024 and signed on behalf of th by: board of trustees Mr L Conway Trustee Mr J Eves Trustee
Bangor West Congregation of the Presbyterian Church in Ireland Independent Auditorfs Report to the Members of Bangor West Congregation of the Presbyterian Church in Ireland Year ended 31 December 2023 Oplnlon We have audited the financial statements of Bangor West Congregation of the Presbyierian Church in Ireland (the 'charity') for the year ended 31 December 2023 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom AcLounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and falr vlew of the state of the charlvs affairs as at 31 December 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared In accordance wlth United Klngdom Generally Accepted AcLounting Practice; have been prepared In accordance wlth the requlrements of the Charitles Act (Northem Ireland) 2008. Ba8ls for oplnlon We conducted our audit in accordance viith International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditorfs responsibilities for the audit of the financial statements section of our report. We are independenl of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities, in the circumslances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. In common with many other 8ntities of this size and nature we have been requested as auditors to assist with the preparation of the financial statements. Conclusions relating to golng Goncern In auditing the financlal statements, we have concluded that the trustees, use of the golng concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertainties relatlng to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Bangor West Congregation of the Presbyterian Church in Ireland Independent AuditoVs Report to the Members of Bangor West Congregation of the Presbyterlan Church in Ireland (contlnued) Year ended 31 December 2023 Other Inforniation Th8 Other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and. except to the extent otheiSe explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misststed. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is 8 material misstatement in the financial ststements or a material misstatement of the other infomiation. 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 fact. We have nothlng to report In thls reg8rd. Matters on whlch wa are requlred to report by exceptlon In the light of the knowledge and understanding of the charity and its environment obtslned in the course of the audit, we have not identified material misststements in the trustees, report. We have nothing to report in respect of the following matters In relation to whlch the Charities Act (Northern Ireland) 2008 requires us to report to you if, in our opinion: the infomiation given in the trustees, report is inconsistent in any material respect with the financial statements; or adequate accounting records have not been kept; or the financial statements are not in agreement with the accounting records and returns; or we have not received all the information and explanations we require for our audit. Responslbilitiés of trustee8 As explained more fully In the trustees, responsibilities statement, the trustees 8re responsible for the preparation of the financlal statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or error. In preparing the financi81 statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disdosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or h8ve no realistic altemative but to do so.
Bangor West Congregation of the Presbyterian Church in Ireland Independent Auditor's Report to the Members of Bangor West Congregation of the Presbyterian Church in Ireland (conrfnuedj Year ended 31 December 2023 Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statemenls as a whole are free from material misstatement. wheth8r due to fraud or error. and to issue an auditor's r8POrt that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or eor and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We discussed laws and regulations and fraud risks during our audit planning procedures. The charity must comply with the Charities Act (Northern Ireland) 2008 and prepare financial statements which give a true and fair view in accordance with the Act and supplementary regulations. It must meet the requirements of charity regulation and apply funds in accordance with any condltlons and restrictions attached. The trustees consider that fraud, If It were to occur, is most likely to Involve the misappropriation of income. Our engagement team collectively had appropriate experience of applicable laws and regu18tions and competence to recognise non-compliance. We used checklists in evaluating the presentation, structure and content of the financial statemenls. We consider that our audit has a reasonable chance of detecting material non-compliance with laws and regulations. We remain mindful that fraud, by its very nature, may be difficult to detect. Audit procedures were planned and performed to test controls in place for recording and banking income. We also undertook analytical procedures to identify Irends that might indicate misappropriation of income. We rA)nsider that our audit has a reasonable chance of detecting a material fraud in this area. As part of an audit in accordance with ISAS (UK), we exercise professional judgement and malntsln professional sceptiGism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and appropriate to provide 8 basis for our opinion. The risk of not detecting a material mi5Statement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery. intentional omissions, misrepresentations, or the override of intemal control. Obtsin an understsnding of intemal control relevantto the audit in orderto design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. 10
Bangor West Congregation of the Presbyterian Church in Ireland Independent Auditor's Report to the Members of Bangor West Congregation of the Presbyterian Church in Ireland (continued) Year ended 31 December 2023 Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and. based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists. we ar8 required to draw attention in our auditor's report to the related disclosures in the financial ststements or. if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the ffinancial ststements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in Intemal control thal we identify during our audit. Use of our report Thls report is made solely to the charitys members. as a body, in accordance wlth section 65 of the Charlties Act (Northem Ireland) 2008. Our audltwork has been undertaken so that we mlght state to the charitys members those matters we are required to state to them In an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for th8 opinions we have formed. Muir & Addy Chartered accountanls & statutory audltor 427 Holy4vood Road Belfast BT4 2LT 8 April 2024 11
Bangor West Congregation of the Presbyterian Church in Ireland ststement of Financial Activities Year ended 31 December 2023 2023 Restricted funds Total funds 2022 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Investment income 436.113 30,875 1,670 180,924 104,463 2,437 617.037 135,338 4.107 599,502 98,984 2,421 Total income 468,658 287,824 756,482 700,907 Expendlture Expenditure on charilable activities Total expendlture 713,569 296,316 296,316 1,009,885 734,310 734,310 713,569 1.009,885 Net 8xpendltur8 (244,911) (8,492) (253,403) (33,403) Transfers between funds (15,000) 15,000 Net movement In fund8 (259,911) 6,508 (253,403) (33,403) Reconclllatlon of funds Total funds brought forward Total funds carrled forward 1,405,926 182,392 188,900 1,588,318 1.334,915 1,621,721 1,588,318 1,146,015 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from contlnuing activities. The notes on pages 15 to 24 fomi part of these flnancial statements. 12
Bangor West Congregation of the Presbyterian Church in Ireland Statement of Financial Position 31 December 2023 2023 2022 Note Fixed assets Tangible fixed assets 13 700,171 700,171 Current assets Debtors Cash at bank and in hand 14 34.732 602.869 31.582 859.205 637,601 890.787 Creditors: amounts falllng due wlthln one year Net current assets 15 2,857 2,640 634,744 1,334,91 S 1,334,915 888,147 Total assets les8 currènt Ilabllltles 1,588,318 1,588,318 Net assets Funds of the charlty Restricted funds Unrestrlcted funds 188.900 1,146.015 182.392 1,405,926 1,588.318 Total charity funds 17 1,334,915 These financial statem8nts were approved by the board of trustees and authorised for ' 2024, and are signed on behalf of the board by: sue on 8 April Mr L Conway Trustee Mr J Eves Trustee The notss on pages 15 to 24 fomi part of these financial statements. 13
Bangor West Congregation of the Presbyterian Church in Ireland Statement of Cash Flows Year ended 31 December 2023 2023 2022 Cash flows from operatlng activities Net expenditure (253,403) (33,403) Adjustments for.. Other interest receivable and similar income Accrued expenses (4,107) 217 {2,421) 240 Ch8nges in.. Trade and other debtors Trade and other creditors (3,150) 1,038 {1.058) (35,604) Cash generated from operations (260,443) Interest received 4,107 (256,336) 2.421 Net cash used in operating activities (33,183) Net decrease In cash and cash equlvalents Cash and cash equlvalents at beglnning of year Cash and cash •qulvalents at end of year (256.336) 859.205 (33,183) 892,388 602,869 859,205 The notes on pages 15 to 24 forni part of these financlal statements. 14
Bangor West Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements Year ended 31 December 2023 General infomiatlon The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is 91 Crawfordsburn Road, Bangor. BT19 1 BG. Staternont of compllance These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,, the Ststemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Accountlng pollcles Basls of pr8paratlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financi81 ststements are prepared in sterllng, which is the functional currency of the entlty. Golng concern There are no material uncertainties about the charity's ability to continue. Judgements and key source8 of estlmation uncertalnty There are no areas of significant judgement or key sources of estimation uncertainty. Fund accounting Unrestricted funds are avallable for use at th8 discretion of the truste8S to fijrther any of the charitys purposes. Designated funds are unrestricted funds earmarked by the trustees for partlcular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo sub-classes.. restricted income funds or endowment funds. 15
Bangor West Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (conllnued) Year ended 31 December 2023 Accounting policies (contlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services Is recognised with the dellvery of the contracted service. This is classified as unrestricted funds unless there is 8 contractual requirement for it to be spent on a particular purpose and returned if unspent, In which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is Incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activltles, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charlty in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to 8xpenditure categories reflecting the use of the resource. Direct costs attribulable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 16
Bangor West Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (conlinued) Year ended 31 December 2023 Accounting policles (contlnued) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Equipment 25 % straight line Impainnent of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset Is impaired accordlngly. Prior Impairments are also reviewed for possible reversal at each reporting date. For the purposes of impalrm8nt testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifi8ble group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Deflned contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Donatlon8 and lagacle8 Unrestricted Funds Restricted Total Funds Funds 2023 Donations R8gular Direct Giving Donations Miscellaneous Income Gift Aid 347,303 9.560 757 60,399 150,584 2.622 497,887 12,182 757 88,117 27,718 Legacies Legacies 15,753 15,753 Grants Grants from church organisations 2,341 2,341 436.113 180.924 617,037 17
Bangor West Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 Donations and legacies {contlnuedJ Unrestricted Funds Restricted Total Funds Funds 2022 Donatlons Regular Direct Giving Donations Miscellaneous Income Gift Aid 336.194 34.323 2,672 63,630 96,148 35,041 432,342 69,364 2,672 88.014 24,384 Legacles Legacies 5,000 5,000 Grants Grants from church organisations 2,110 2,110 599,502 438,929 160,573 Charltable actlvltles Unrestricled Restrfcted Total Funds Funds Funds 2023 Congregational activities Organisations Bangor West Nursery Playgroup 30.875 13.122 32,119 59,222 43,997 32,119 59,222 30,875 104,463 135,338 Unrestricted Funds Restricted Total Funds Funds 2022 Congregational aclivitles Organisations Bangor West Nursery Playgroup 13,862 13,862 29,623 55,499 29,623 55,499 85,122 13,862 98,984 Investment income Unrestricted Funds Restricted Total Funds Funds 2023 Bank interest receivable 1.670 2,437 4,107 Unrestricted Funds Restricted Total Funds Funds 2022 Bank interest receivable 1,g66 455 2,421 18
Bangor West Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 Expenditure on charitsble activities by fund typ8 Unrestricted Funds Restricted Total Funds Funds 2023 Congregational Activities & Ministy Mission & Outreach Youth & Children Nursery Playgroup Church Organisations Support costs 703,900 132,690 80,080 836.590 80,080 6,909 52,083 31,463 2.760 6,909 52.083 31.463 2,760 713,569 296,316 1,009,885 Unrestricted Funds Restricted Totsl Funds Funds 2022 Congregational Activities & Ministry Mission & Outreach Youth & Children Nursery Playgroup Church Organisations Support costs 431,223 118,000 86,613 549,223 86,613 6,371 59,514 29,949 2,640 6,371 59,514 29,949 2,640 440.234 294.076 734,310 Expendlture on charltable activltles by actlvity type Activities undertak8n directly Support Total funds Total funds costs 2023 2022 Congregational Activities & Ministry Mission & Outreach Youth & Children Nursery Playgroup Church Org8nisations Govemance costs 836,590 80,080 6,909 52,083 31,463 836,590 80,080 6,909 52.083 31.463 2,760 1,009,885 549,223 86,613 6,371 59,514 29,949 2,640 2,760 1,007.125 2,760 734,310 Nat expendlture Net expenditure is stated after chargingl(crediting): 2023 2022 Fees payable for the audit of the financial statements 2,760 2,640 19
Bangor West Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements Intinued) Year ended 31 December 2023 10. staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2023 2022 Wages and salaries Social security costs Employer contributions to pension plans Other employee benefits 336,318 25,791 6.493 20,459 389,061 301,520 23,467 5,231 23.199 353,417 The average head count of employees during the year was 18 (2022: 21). No employee received employee benefits of more than £60,000 during the year (2022: Nil). 11. Trustee ramuneratlon and 6xpen8e$ Rev Dr Charles Mcmullen, In his employment as mlnister of the congregation, received remuneration of £51,280 (2022: £48,362), pension contributions of £12,187 (2022: £11,608) and expenses of £7,626 (2022: £7,363) during the year. No-one received remuneration for services as a trustee. 12. Transfers between fund3 Transfers from the General Fund to a named fund are discretionary. Such transfers are agreed by the Committee and Session. The following transfers were made during 2023: - £15,000 from No1 General Fund to No7 Mission & Outreach. - £4,500 from No1 General Fund to No8 Young West Fund. 13. Tanglble flx•d assets Land and buildings Equipment Total Cost At 1 January 2023 and 31 December 2023 Depreclallon At 1 January 2023 and 31 December 2023 Carrying amount At 31 December 2023 700,171 12,038 712,209 12,038 12,038 700,171 700,171 700,171 At 31 Dernber 2022 700,171 20
Bangor West Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (¢ontlnu8d) Year ended 31 December 2023 13. Tangible fixed assets (continugd) Land and buildings comprises freehold property induding church propety and residential property. Church properties are the buildings used to cary out the activities of the church. Residential properties include the Manse and the property at 93 Crawfordsburn Road. The title of the latter property is vested in the Education Board of the Ards Presbytery who hold the property in trust for Bangor West Congregation of the Presbyterian Church in Ireland. No depreciation has been applied to the properties as they are subject to regular maintenance to maintain their value. 14. Debtors 2023 2022 Prepayments and accrued income Other debtors 10,110 24,622 34,732 8,056 23,526 31,582 15. Creditors: amount5 falling due within one year 2023 2022 Accruals and deferred income 2,857 2,640 16. Pensions and other post retlrement beneflts Deflned contributlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6.493 (2022: £5.231). Defined benefit scheme The minlster and assoclate minister of the congregation are members of the Presbyterian Church in Ireland Pension Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregatlon pays an assessment to the Presbyierian Church in Ireland equivalent to the employer's pension contribution for the Scheme and based on the stipends paid. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type. providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and th8 Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. A formal Schedule of conlributs.ons was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24°/o of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit. The contributions made by the congregation during the year for the minister. associate minister and deaconess were £20,459 (2022: £23,199). 21
Bangor West Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements fcontinued) Year ended 31 December 2023 17. Analysis of charitable funds Unrestrlcled funds At 1 Jan 2023 At Transfers 31 Dec 2023 Income Expenditure General fund General fund reserve Fixed asset fund Building fund Young West fund Kilcooley fund Kilcooley fund reserve 125,389 280.624 700,171 2,080 2,014 45,708 249,940 420,837 7,753 (410,592) (21,009) {19,500) 116,134 267.368 700,171 2,598 1,686 52,434 5,624 (15,000) 1,146,015 518 2,081 37.469 (6,909) (30,743) (244.316) (713,569) 4,500 1,405,926 468,658 At 1 Jan 2022 At Transfers 31 Dec 2022 Income Expenditure General fund General fund resepie Fixed asset fund Building fund Young West fund Kilcooley fund Kilcooley fund resenle 425,676 419,624 (397,267) (322,644) 280,624 125,389 280.624 700.171 2.080 2,014 45,708 249,940 700,171 1,540 200 300,836 540 3,185 31,408 (6,371) 5,000 (22,536) (264,000) (14,060) 264,000 (440,234) (37,020) 1,405,926 1,428.423 454,757 Restricted funds At 1 Jan 2023 At Transfers 31 Dec 2023 Income Expendlture Benevolent fund Development fund United Appeal Mission & outreach fund Bangor West nursery & playgroup fund Girls, Brigade Men's Fellowship Mums & Tots Painting for pleasure Boys, Brigade Presbyterian women 907 147,452 907 150,168 298 8,830 83,071 39,359 63,517 (80,355) (39,061) (80,080) 10.393 15.000 2,504 7,279 1.327 956 24 1,993 262 59.222 14,887 4,579 545 130 7.307 1.386 (55.341) (15,647) {3,605) (317) (95) (7,352) (1,430) 6,385 6,519 2.301 1,184 1,948 218 22
Bangor West Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 17. Analysis of charitable funds (continued) Saturday Men's Fellowship Sycamore Club Badminton Club KPC Square Centre KPC Girls, Brigade KPC Friendship Group KPC Sunday School KPC Presbyterian Women KPC other organisations 386 1,365 455 809 420 10,536 (410) (374) (420) (10,016) 431 1,800 6,317 6,837 596 247 415 (587) (247) 424 168 216 1.186 (763) (216) (296,316) 591 182,392 287,824 15.000 188.900 At 1 Jan 2022 At Transfers 31 Dec 2022 Income Expenditure Benevolent fund Development fund United Appeal Mission & outreach fund Bangor West nursery & playgroup fund Girls, Brigade Men's Fellowship Mums & Tots Painting for pleasure Boys, Brigade Presbyterian women S8turd8y Men's Fellowship Sycamore Club Badminton Club KPC Square Centre KPC Girls, Brigade KPC Friendship Group KPC Sunday School KPC Presbyterian Women KPC other organis8tions 25 81,184 32.178 47,641 907 147,452 147.670 (81,402) (36,598) (86,612) 4,420 32,600 16,764 10,393 6.520 9,052 675 715 18 2,552 108 55,499 12,948 1,217 420 100 9,395 897 (59,515) (14,721) (565) (179) (94) (9,954) (743) 2.504 7,279 1,327 956 24 1,993 262 386 1.667 (308) 1,365 3,390 1.518 613 247 4,010 (1,083) (1,518) (520) 6,317 503 247 224 297 127 (183) (81) (294,076) 168 216 193,298 246,150 37,020 182,392 23
Bangor West Congregation of the Presbyterian Church in Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 18. Analysis of net assets between funds Unrestricted Funds Restricted Totsl Funds Funds 2023 Tangible fixed a&%ets Current assets Creditors less than 1 year Net assets 700,171 448,604 (2,760) 1,146,015 700.171 637,601 (2,85n 1,334,915 188,997 (97) 188,900 Unrestricted Funds Restricted Tolal Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 y8ar Net assets 700.171 708,395 (2.640) 1,405,926 700,171 890,787 (2,640) 1,588,318 182,392 182,392 19. Analysls of changes In net cash At At Jan 2023 Cash flows 31 Dec 2023 Cash at bank and in hand 859.205 (256,336) 602,869 24-