REGISTERED CHARITY NUMBER: 102157 Report of the Trustees and Financial Statements for the Year Ended 31 December 2022 for City Churcb Belfast Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP
City Church Belfast Contents of the Financial Statements for the Year Ended 31 December 2022 Page Report of the Trustees Iodependent Examiner's Report Statement of Financial Activlties Balance Sbeet Notes to the Financial Statements 5 to 10 Detailed Statement of FiDancial Activities 11 to 12
City Church Belfast Report of the Trustees for the Year Ended 31 Deceniber 2022 The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincoTporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 102157 Principal address 12124 University Avenue Belfast Co. Antrim BT7 IGY Trustees Mr Stephen Mccrory Mr Alan Ruddock Mrs Joan Vaughan Mr Anthony Johnston Dr Angela Page Mr Damian Wharton Independent Examiner John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Str¢et Lisburn Co. Antrim BT28 ITP Approved by order of the board of trustees on 31 January 2023 and signed on its behalf by: Mrst en Mccrory - Trustee Page I
Independent Exgminer's Report to the Trustees of City Church Belfast I report on the accounts of the company for the year ended 31 December 2022. which are set out on pages three to ten. Respective re$ponsibilitie5 of charity trustees and ex2miDer As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requir¢ments of the Charities Act (Northern Ireland) 2008. I have examined your charity's accounts &8 r¢quired under section 65 of the Charities Act. In carrying out my examination I have followed the Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. It is my responsibility to exarnine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basi5 of the independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in ac¢ordanc¢ with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the chaTity and a Comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply WAth the accounting r¢quirements of the Act That there is further infonnation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require dTawing to your attention. John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP 31 January 2023 Page 2
City Church Belfast Statement of Financial Activities for the Year Ended 31 December 2022 31.12.22 Total funds 31.12.21 Total funds Unrestricted Restricted fund funds Notes INCOME AfqD ENDOWMENTS FROM Donations and legacies 93,058 13,446 106,504 247,678 Other trading activities Investment income 15,694 73 15,694 73 12,712 43 Total 108 825 13.446 122 271 260,433 EXPENDITURE ON Charitable activities Direct cost Support cost 104,733 2,009 21.831 126,564 2,009 129,419 2,098 Other 1,635 465 2,100 304,345 Total 108,377 22,296 130,673 435,862 NET INCOMEI(EXPEINDITURE) 448 (8,850) (8,402) (175,429) Transfers between funds 182 Net movement in funds 266 (8,668) (8,402) (175,429) RECONCILIATION OF FUNDS Total funds brought fonyard 38,128 28,477 66,605 242,034 TOTAL FUNDS CARRIED FORWARD 38,394 19.809 58,203 66,605 The notes forni part of these fmancial statements Page 3
City Church Belfast Balance Sheet 31 December 2022 31.12.22 Total funds 31.12.21 Total funds Unrestricted Restricted fund funds Notes CURRENT ASSETS Cash at bank and in hand 40,061 19,809 59,870 67,412 CREDITORS Amounts falling due within one year (1.667) (1.667) (807) NET CURRENT ASSETS 38,394 19,809 58,203 66,605 TOTAL ASSETS LESS CURRENT LIABILITIES 38,394 19,809 58,203 66,605 NET ASSETS 38,394 19,809 58,203 66,605 FUNDS Unrestricted funds Restricted funds 38,394 19,809 38,128 28,477 TOTAL FUNDS 58,203 66,605 The financial statements were approved by the Board of Tiustees and authorised for issue on 31 January 2023 and were signed on its behalf by: Mr Stephe rory - Trustee Mr Alan Ruddock - Trustee The notes forni part of these financial statements Page 4
City Church Belfast Notes to the Financial Statements for the Year Ended 31 December 2022 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been preped in accordance with the Charities SORP (FRS 102) '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),, Financial Reporting Standard 102 'The Financial Reporting Starldard applicable in the UK and Republic of Ireland, and the Charities Act (Northern Ireland) 2008. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictton5 arise when specified by the donor OT when funds are raised for particular restricted purposes. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme ate charged to the Statement of Financial Activities in the period to which they relate. Page 5 continued...
City Church Belfast Notes to the Financial Statements - continued for the Year Ended 31 December 2022 OTHER TRADING ACTIVITIES 31.12.22 31.12.21 Bakery rent Room hire 5.000 10,694 4,800 7,912 15,694 12,712 INVESTMENT INCOME 31.12.22 31.12.21 Deposit account interest 73 43 TRUSTEES, REMUNERATION AND BENEFITS Included in wages is Trustee's remuneration of £19,467, (2021 £18,988). Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 109,769 137,909 247,678 Other trading activities Investment income 12,712 43 12,712 43 Total 122,524 137.909 260,433 EXPENDITURE ON Cbaritable activities Direct cost Support cost 123,438 1.044 5,981 1,054 129,419 2,098 Other 1.081 303,264 304 345 Total 125,563 310,299 435,862 NET INCOMEI(EXPENDITURE) (3,039) (172.390) (175,429) Page 6 continued...
City Church Belfast Notes to the Financial Statements - continued for the Year Ended 31 December 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted Total fund funds funds RECONCILIATION OF FUNDS Total funds brought fonyard 41,167 200,867 242,034 TOTAL FUNDS CARRIED FORWARD 38,128 28,477 66,605 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 31.12.21 Trade creditois Taxation and social se¢uTity Other creditors 403 1,263 481 326 1,667 807 MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.22 At 1.1.22 Unrestricted funds General fund 38,128 448 (182) 38,394 Restricted funds Christians against poverty Prayer pod Covid hardship fynd Children and youthwork fund Building refurbishment The big lunch fund Sunday kids PAIS Building maintenance 3,844 12,500 2,088 9,545 500 (3.660) 184 (12.500) (1,432) (7,461) (315) 294 (476) 4,200 656 4,584 185 2,500 (294) 476 4,200 i 0,000 10,000 28,477 182 19,809 TOTAL FUNDS 66,605 8,402) 58.203 Page 7 continued...
City Church Belfast Notes to the Financial Statements - continued for the Year Ended 31 December 2022 MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 108,825 (108.3 77) 448 Restricted funds Christians against poverty C M¢Caughey Covid hardship fund Children and youthwork fund Building refurbishmcnt The big lunch fund Sunday kids PAIS 91 461 (3,751) (461) (1,432) (10,447) (315) (3,614) (1,476) (3,660) (1,432) (7,461) (315) 294 (476) 4,200 2,986 3,908 1,000 5,000 13,446 22,296) 8,850 TOTAL FUNDS 122,271 130,673) 8,402) Comparatives for movement in funds Net movement in funds At 31.12.21 At 1.1.21 Unrestricted funds General fund 41,167 (3,039) 38.128 Restricted funds Christians against poverty Food bank Prayer pod Covid hardship fund Children and youthwork fund Building refurbishment 5,295 180,651 12,500 2,421 (1,451) (180,651) 3,844 12,500 2,088 9.545 500 (333) 9,545 500 200,867 172,390) 28.477 TOTAL FUNDS 242,034 175,429) 66,605 Page 8 Continued...
City Church Belf2St Notes to the Financial Statements - continued for the Year Ended 31 December 2022 MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 122,524 (125,563) (3,039) Restricted funds Christians against poverty Food bank C Mccaughey Covid hardship fvnd Children and youthwork fund Building refurbishment 2,278 123,667 825 1,094 9,545 500 (3.729) (1,451) (304,318) (180,651) (825) (1.427) (333) 9,545 500 137,909 310,299) 172,390 TOTAL FUNDS 260,433 435,862) 175,429) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31.12.22 At 1.1.21 Unrestricted funds General fund 41,167 (2,591) (182) 38,394 Restricted funds Christians against poverty Food bank Prayer pod Covid hardship fund Children and youthwork fund Building refurbishment The big lunch fund Sunday kids PAIS Building maintenance 5,295 180,651 12,500 2,421 (5,111) (180,651) 184 (12,500) (1,765) 2,084 185 294 (476) 4,200 656 4.584 185 2,500 (294) 476 4,200 i 0,000 200.867 (181240 182 19,809 TOTAL FUNDS 242,034 (183,831 58,203 Page 9 continued...
City Church Belfast Notes to the Financial Statements - continued for the Year Ended 31 December 2022 MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 231,349 (233,940) (2.591) Restricted funds Christians against poverty Food bank C Mccaughey Covid hardship fund Children and youthwork fund Building refurbishment The big lunch fund Sunday kids PAIS 2,369 123,667 1,286 1,094 12,531 500 3,908 1,000 5,000 (7,480) (304,318) (1,286) (2,859) (10,447) (315) (3,614) (1,476) (5,111) (180,651) (1,765) 2,084 185 294 (476) 4,200 151,355 332,595) 181,240 TOTAL FufiDS 382,704 566,535) 183,831) RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2022. Page 10
City Churcb Belfast Detailed Statement of Financial Activities for the Year Ended 31 December 2022 31.12.22 31.12.21 INCOME AND ENDOWMENTS Donations and legacies Donations Grants Donated services and facilities 101,307 5,197 205,901 4,989 36,788 E06,504 247,678 Other trading activities Bakery rent Room hire 5,000 10,694 4,800 7,912 15,694 12,712 Investment Income Deposit account interest 73 43 Total incoming resources 122,271 260,433 EXPENDITURE Charitable activities Wages Pensions Hire of plant and machinery Computer costs Rates and water Insurance Light and heat Telephone Postage and stationery Church tithe and gifts Building maintenance & repair Legal & professional Staff training Travel Church programmes Music media 77,204 2,760 554 222 265 2,409 6,376 762 336 11,513 7,849 54 145 442 13,528 1,238 70,186 2,741 554 1,918 256 2,093 5,919 830 264 12,820 9,212 3,318 781 366 9,909 7,352 125,657 128.519 This page does not forni part of the statutory financial statements Pagell
City Church Belfast Detailed StatemeDt of Financial Activities for the Year Ended 31 December 2022 31.12.22 31.12.21 Charitable activities Other Sundry Donation South Belfast Foodbank Food bank expenditure Donated goods distributed 2,100 1,081 207,940 43,936 51,388 2,100 304,345 Support costs Finance Bank charges 907 900 Other Motor vehicles 1,054 Governance costs Accountancy and legal fees 2,009 1,044 Total resources expended 130,673 435,862 Net expenditure 8,402) 175,429) This page does not forni part of the statutory fInancial statements Page 12