Presbyter
an
Greenwell Street Presbyterian Church a congre8ation of the
Presbyterian Church in Ireland
Trustees Annual Report and Flnancial Statements
for the year ended 31 December 2023
fteg15ter•d wlth the Char5ty Commlsslon for Northeyn l¥eland 105225

Presbyter
rHUllCTrL
an
GREENWELL STREET PRESBrfeRIAN CHURCH
4 Con8regat4on of The Presbyterlan Church In brÈland
SfATeMENT OF FINANCIAL Acrivi
lor the year ended 31 DecembÈr 2023
Incomè and Endowments from:
Donatlons and legacles
Chèrltable activltles
Investments
Other
212,866
1,363
360
6,137
121,253
29.3?4
43
334, 119
30,737
403
6,137
341,533
28,240
319
230
Total
220,726
150,670
371,396
370,322
Expendlturè on;
Raisin8 funds
Charitablè èctlvltles
1,385
257,099
1,385
371,928
1,522
333,634
114,829
Total
258,484
114,829
373,313
335,156
Net Income l {expèndltur•)
(37,758)
35,841
[1,917)
35,166
Transfers between funds
(6. 137}
6.137
Net movement In funds
Reconciliation of funds:
Total funds brought forward
{43,895>
41.978
(1,917)
35,166
1,504,748
99,050
1.603,798
1,568.632
Total funds ¢arrlèd forward
1,460,853
141,028
1,601,881
1,603,798
rLIBI*=2
10

Presbyter
an
GREENWELL STREET PRESBVTERIAN CHURCH
a Congre8ètlon of The PrÉsbyterlan Church In Ireland
BALANCE SHEET
As at 31 December 2023
Flxed assets:
Tangible asset5
10
1,387,224
1,387.224 1,423.064
Total flx8d assetg
1,387,224
1,387.224
1,423,064
Current a55ets
Oebtors
22,852
58.588
9.279
32.131
Cash at bank and In hand
17,988
170,179
12
131,749
190, 337
Total Current •ssot$
81,440
141,028
222,468
188,167
Llablfltles:
Credltors: Amounts f8lllnE due
wbthln one year
13
(7,811)
(7,811)
(7,433)
Net current assets or Ilabililles
73,629
141,028
214.657
180,734
Total asset 5 less turrent Ilabllltles
L,460,853
141.028
1,601,881
1.603,798
Creditors: Athounts fallFn8 due after
rnore than one year
Total net assets or I labllltlés
1,460,853
141,028
1,601,881
1,603,798
11

Presbyter
an
GREENWELL STREET PRESBrrERIAN CHURCH
I Con8r¢8atlon of The Presbyterlan Church In Ireland
BALANCE SHEET
As at 31 December 2023
Fund$ of the charlty
Rèstrlcted kncome funds
Unrestrlcted funds
14
141,028
99,050
14
1.460,853
1,504, 748
Totsi charlty fund5
1,601,881
1,603,798
Approved by the Klrk Sesslon and $18ned on Its behalf bv
Mr. D. Fr
lerk)
Mr, P. Ritch1¢ (Trustee)
5 June 2024
5 June 2024
12

Presbyter
an
GREENWELL STREEf PRESBYTERIAN CHURCH
a Ctsngregatlon of The Prè5byterlan Church In Ireland
NOTES TO THE ACCOUNTS
31 Oecember 2023
ACCOUNTING POLtClES
ÈAS15 OF FINANCIAL STATEMENTS
The flnanclal staternent5 have been prepared In accordante wlth Accounting a nd Reportln8
by Charitles: Statement of Recommended Practlce appllcable to ¢harltles preparing their
accounts In accordance wlth Financlal Reportlng Standard app15c8ble in the UK and Ireland
[FRS102) (effectlve l January 2015>,
The financlal statements have been prepared under the hlstorical cost conventlon except
for Investment a55etS, whlch are shown at market V81ue. The flnanclal staternents Include all
transactions, assets and liabllltles for which the congre8ation 15 responslble In law. They do
not Include the accounts of church 8YOUPS that owe thelr affillation to another body, nor
those that are informal gathÈrln8s of church members,
FUND ACCOUNTING
Endowment funds are fLands, the capltal of which must be retalned elther permanently or at
the congregatlon'5 dlscretlon; the income derlved from the endowment Is to be k4sed either
as restricted or unrestrfrted Income funds depending upofi the purpose for which the
endowment wa5 establlshed In the first place.
Restricted fund5 compr15e {a ) Incorne from endowments wh ich Is to be expended only on
the restrlctÈd purposes Intended by the donor and Ib) revenue donatlons or grants for a
specSflc con8regational act5vlty Intended by the dgnor. Where these funds have ungpent
balances, interest on thelr pooled Investmentls apportiorled to the Indlvldual funds on a
verage balance basls.
Unre5trlcted fund5 are Incorne fund5 which are to be spent on the congre8atSon's general
purposes. Deslgnated funds are 8eneral funds set aslde by the congregatlon for use In the
future.
13

an
GREENWELL STREEf PRESBYfERIAN CHURCH
a Con8regatlon of The Presb￿trlaD Church In Ireland
NOIES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES(conVd)
NCOMING RÉSOURCES
(l) Recognltlon of In¢omln8 resources
These are In¢lvded in the Statement of Flnancial Activitles (5oFA) when;
the cangre8atiDn be¢ornes entitled to the resources.
the trustèes are vlrtually ¢ertaln they wlll receive the resources; an
the monetary vèlue can be measured wlth 5ufticient rellably,
{11) Intomln8 resourcès wlth r¢lated •xpendlture
Where Sncomlng resources have related expendlture (è5 With fu.ndralsln8 income) the
Incomlng resources and related expendltufè are reported Bross in the SOFA.
1111) Grant5 and donatlon5
Grants and donatlons are only included In the SOFA when the con8regation has
unconditlonal entltlement to the resources.
(Iv) Tè¥ recl?Ims on donitlons and glfts
Incombn8 resources from tsx reclalms are Included the SOFA at the same time as the 81ft
to whlch they relate.
{¥> Contractual Income and performance related grants
Thls is only bncluded In the SOFA once the related goods or services have been delivered.
(vl) Glfts lrt klnd
Glfts In klnd are accounted for at a reasonable e5tlrnate of their value to the charSty or the
amount actually realised. Glfts In kind for v5e by the charity are included in the SOFA as
Incornln8 resources when rècelvable.
14

Presbyter
an,
GREENWELL STREET PRES8YTERIAN CHURCH
a Congregatlon ol The Presbyterlan Church In Ireland
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES {conVd)
{vll ) Donaied servlces and facllltles
These are only included In Incomlng resources (with an equivalent amount In resources
expended) where the beneflt to the charlty Is reasonably quantiflable, measurable and
material. The value placed on these resources Is the estlmated value to the eharlty of the
service or facl Ilty recelved.
(vill) Voluntoer help
The value tsf any voluntary help recelved is not Includ@d In the accounts but Is destrlbed In
the trustèes, annual report.
(Ix) Investment l*)COme
Thls is Included In the acctsunts when reTrivab1e.
EXPENDITURE AND LIABILITIES
{x? Llablllty reco8nltlon
L5abllitle5 are recogni5ed as soon as there Is a legal Or constructSve obll8ation commlttlng
the congregatlon to pay out resources.
Ixl) Gov¢rnante costs
These are shown wlthln charitable attivltSes 8nd fnclude the costs of preparatlon and
examinatlon of accounts, the costs of trustee meetlngs and cost of any le8al advlce to
trustees on 8overnance or constitutional matter5.
(xll) Grznts wlth performance condltlons
Where the charlty 8lves a grant with condlt5ons for Its payrnent belng a speclfic level of
servlce Of output to be provlded, such grants are only recognb5ed In the SOFA once the
reclplent of the 8fant has provlded the 5peclfled servlce or output.
15

Presbyter
VLI IhEL&Iu
an
GREENWELL STREET PRESBYTERIAN CMURCH
Congre8atlon of The Pre5byterlan Church In Ireland
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES (cont'd)
{xlll) Grants payable wlthout performance condltlons
These are only retO8nlsed In the accounts when a comrnltment has been made and there
are no conditlons to be Met relatln8 to the grant whlch remaln In the control of thÈ charltv.
ASSETS
{xlv) Tanglble Flxed Assets
Tang4ble flxed assets for Use by charlty are capltali5ed If they can be used for rnore than one
vear, and cost at least £2,500. They are valued at cost or, If 8ifted, at the value to the charltv
on recelpt.
DepreclatSon Is recorded on all tanglble fsxed assets other than freehold land, at rates
calculated to wrlte of the cost, less estlmèted resldval value, of each asset over Its expected
usef ul Ilf e as fol lows
BuSldlngs:
F5Mtv res, f Itt in 8$ an d equlpme nt
Motor Vehlcles
Cornputers, software and techr71cal equlpment
- over SO years
- over 10 years
over 4 years
- over 4 year5
16

Presbyter
an
GREENWELL STRE￿ PRESBYfERIAN CHURCH
a Con8r¢gatlon of The Pre5byterlan Church In Ireland
NOTES TO THE ACCOUNTS Iconvd)
31 De￿rnber 2023
DONATIONSAND LEGACIES
flecorded 8lvlng:
FWO
I005e colle¢tlons
Donatlons and Bifts
Gift Ald
Le8acle5 and bequest
176,158
2,795
40
25,997
7,876
80,679
2,807
20.951
13.841
2,975
256,837
5,602
20,991
39,838
10,851
266.232
10.811
22,367
42.123
212,866
121,253
334,119
341,533
CHAIIITABLE AcfivJTIE5
Income from charitable
activitles
Organis8tSon Income
27,974
27,974
26,704
Contrlbutlons and events
Grants
1,363
1,363
1,400
971
565
1,400
1,363
29.374
30,737
28.240
17

Presbyter
i iry lryi L
an
GREENWELL STREET PREsBYfERIAN CHURCH
a Congre8atlon of The Presbylerlan Church In Ireland
NOTES TQ THE ACCOUNTS (tonl'dj
31 December 2023
t14VESTMENYS
Bank Intèrest
360
43
403
319
360
43
403
319
OTHER INCOME
Other Income
Dlscounts
545
5,592
545
5,592
230
6,137
6,137
230
18

Presbyter
an
GREENWELL STREFf PRESBYfERIAN CHURCH
CongregatloTr of The Presbyterlan Church In Ireland
NOTES TO THE ACCOUNTS (tont'd)
31 December 2023
RAISING FUNDS
FWO envelope5
1,385
1,385
1,522
1,385
1,385
1.522
CHARITABLE ACTIVITIES
fjeneral Assembly Assessments
Presbytery fees
Mlnlstry and support staff cost5
Congregatlonal runnln8
expenses
Donatlons to MIssiOns and
cha rltles
Governance costs
17,579
1,117
150,836
85,548
17,579
1.117
150,836
98,681
18,626
1,000
139,754
111,557
13,133
225
101,696
101,921
61,027
1,794
1.794
1,670
257,099
114,829
371,928
333,634
19

Presbyter
an
GREENWELL 5TREft PRESBYfERIAN CHURCH
¥ Congre6atlon of The Presbyterlan Church In Ireland
NOTES ro THE ACCOUNTS (cont'dj
31 Detember 2023
EMPLOYEES
Employment Costs
Wages and Salarles
So¢lal Security Costs
Pension contrlbutions
113,338
9,931
9,250
100,919
9.537
16,596
132,519
127,052
Numbèr of Employees
The avera8e number of employees, IncludlThg the mlnlster of the con8regatlon, durlng the
year was
2023
2022
Average nL*mber of employees
There were no employees ln receipt of employee benefits In excess of £60,000.
20

Presbyter
an
GAEENWELL STREET PRESBYfERIAN CHURC
a Con8reg?tlon of The Presbyterlan Church In Ireland
NOTES TO THE ACCOUNTS {conYdl
31 Decembèr 2023
PENSION COSTS
The minlster of the con8re8atSon Is a member of the Presbyterlan Church In Ireland Penslon
Scheme (2009). Thls is a scheme operated by the Presbyterian Church In Ireland. a separate
registered charity. The congregatlon pays an assessment to the Presbyterlan Church i n Irela nd
equlvalent to the employer's pÈnsSon contrlbutlon for the Scheme and based on thè stlpend
paid to the mlnister, The Presbyterian Church sn Ireland Pension Scheme [2009) 15 a fvnded
Scheme of the deflned beneflt type, providln8 deflned benefits based on career average
revalued salary. The Scheme has assets held In a separately adminlstered fund managed by a
board of trustees. The Presbyterlan Church and the Scherne Trkjstees have agreed a fund Ing
plan to ensure the Scheme 15 sufficiently funded to meèt current and futLJre obllgatlons. A
lormal schedule of contrlbutlons was drawn up on 25 Novernber 2015 whereby the
Presbyterlan Church agreed to pay from 31 Oecernber 2015 contrlbutlons of 24% of
pen51onable salarles to Cover the accrual of benefits for future service, expenses, the cost of
Insurlng death In servlce beneflts and fundlng the scheme deflclt.
The contrlbutlons rnade by the congreBatlon during the year V4ere:
Total
Funds
2023
Total
FLJnds
2022
Contrlbutlons
2,555
10,219
21

an
GREENWELL STREEf PRESBYTERIAN CHURCH
a Conire8atlon of The Piesbyterlan Church In Ireland
NOTES TO ThE ACCOUNTS Icont'd)
31 December 2023
10. TANGI8LE FIXED ASSETS
Land and
Bulldlngs
Flxtures and
Flttin85
VehScle5
Tota I
Cost or vpluatlon
At start of year
Additlons
Dlsposals
1,550,000
93,202
4,000
1,647,202
At end of year
1,550,000
93,202
4,000
1,647.202
Depwclatlon
At start of year
Provislon for year
Disposals
168,000
24,000
52,138
11,840
4.￿)0
224,138
35,840
At end of year
192,000
63,978
4,IxJo
259,978
Net Book Valut
At start of year
1,382,000
41,064
1,423.064
At end of yeèr
1,358.000
29,224
1,387,224
11. DEBTORS
Gift Aid Recoverable
Prepayrnents
Other Oebtors
2023
20,972
IG,351
848
2022
9,964
8,024
32,171
17,988
22

Presbyter
an
GREENWELL STREET PRESBYTERIAN CHURCH
¢on8regatlon of The Presbyterlan chu.rth In Ireland
NOTÉS TO THE ACCOUNTS Icont'd)
31 December 2023
12. CASH AT BANK AND IN HAND
Bank accounts
Cash In hand
2023
184,373
5,964
2022
168,445
1,734
190,337
170,179
SllEz
13. CAÈDITORS: amouni falllng duè wlth5n on• year
Other creditors
Accruals
2023
1,563
6,248
2022
184
7,249
7.811
7,433
23

Presbyter
an
GREENWELL STREET PREseYrERIAN CHURCH
a Congregatlon of The Presby1erlan Churth In Irèland
NOTES TO THE ACCOUNTS Icont'd)
31 December 2023
14. FLJND BALANCES AND HECONCIIIATION OF FUNDS
Fund
8alance at Income
start
Expend.
Transfer
Balance at
end
Unrè5trl¢ted Funds
General Fund
1,504,748
220,726
(258,484)
{6.137) 1,460,853
1,504,748
220,726
(258,484)
(6,137} 1.460,853
Restrltted Funds
Property Fund
M1551onary Fund
Sund$y School
BadmSnton Club
8owllng Club
8oy5' 8rigade
Chai & Hobby Huddle
G Irls, Bri8ade
Uganda Wells Project
Malnly for Men
Mal4wl
Outreach
Presbyterian Women
ReTrdeivous Lunch Club
Wednesdèy Club
Women'5 Meetln8
Youth Club
Speclèl Colle¢tlons
51.694
25,649
617
3,748
1,303
3,116
113
1.28S
7,229
119
41
52
327
126
349
907
1,423
952
51,680
59.743
S95
8,S05
214
1,675
1,694
3.787
6,090
1,226
(12,705)
(60.522)
(215)
(7,838)
(134)
12,397)
11.43 7)
14,707)
16,570)
(545)
so
1,368
(249>
90,719
26,238
748
4,415
1,283
2,094
270
365
6,889
800
(100)
(300>
(100)
140
(44)
1,750
81
2.390
11,883)
11,948)
(9)
(980)
(337)
11,597)
(11,005)
769
(117)
1220)
623)
1,188
53
1,894
9,852
337
1,720
4.381
4,582
99,050
150,670
(114,829)
6,137
141,028
1,603,798
371,396
(373,313)
1.601,881
24

Presbyter
an
GREENWELL STREEf PRESBYfERIAN CHURCH
Congre8atbon of The Presbyterlan Church In Ireland
NOTES TO THE ACCOUNTS Icont'd)
31 December 2023
15.
RELATED PARTr TRANSACTIONS
Two of the Trustees, the mlnlster and the caretaker (retlred January 2023) of the
congregatlon, received remuneration of £45,561 and expense5 of £6,701 for acting In that
capaclty, Penslon contrlb4Jtions of £2,555 were pald t>y the con8regation in respect of the
minlster to the Presbyterian Church In Ireland Penslon Scheme (2009). None of the other
trustees recelved elther remuneratbon or expenses durLnÉ the year In connettion wlth thelr
dutles.
Durlng the year the congregatlon contrlbuted the foSlowin8 amounts to Fund5 of the General
Assembly of the Presbyterlan Church In Ir¢land a separate charlty:
E17,579 lor congregatlonal assessments
£17,930 towa rds the Unlted Appeal
£2,400 towards the Wtsrld Development Appeal
£1,600 towards the Presbyterlan Chlldren's Soclety
The con8regatiOn contributed £1,117 toward5 Presbytery Assessments durln8 the year.
There were no other related party transactlons,
25