Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
STATEMENT OF FINANCIAL AcfiviTY
for the year ended 31 December 2022
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
281,739
1.435
3.610
451
326
136,432
1,153
8.685
105
294
418.171
2,589
12.295
556
413,791
2,787
5,700
323
620
345
Total
287,561
146.670
434,231
422,946
Expenditure on:
Raising funds
Charitable activities
255
234.095
255
380,464
291
268.194
146,369
Tota I
234,350
146,369
380,719
268.485
Net gains/{losses) on investment5
Net Income / (expenditurel
53.211
301
53,512
154,461
Transfers between funds
[64,764}
64.764
Net movement in funds
Reconciliation of funds:
Total funds brought forward
[11.554]
65,065
53.512
154,461
349.580
681,044
1.030.625
876,164
Total funds carried forward
338,027
746,110
1,084,137 1,030,625
There may be minor discreponcies in t￿ totols (not exceeding £lJ due to rounding
181Page.

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
BALANCE SHEET
As of 31 December 2022
Fixed assets:
Tangible assets
11
11,287 454,136
465,424
414,798
Total fixed assets
11.287 454,136
465,424
414.798
Current assets
Debtors
12
22,043
9,960
32,003
74,146
Cash at the bank and in hand
13
311.880 317,486
629,367
614,332
Total current assets
333,923 327,447
661,370
688,478
Liabilities:
Creditors: Amounts falling due,
within one year
14
7.184
35,473
42,657
72,652
Net current assets or liabilities
326,740 291,973
618,713
615,826
Total assets less current liabilities
338,027 746,110
1,084,137
1,030,625
Creditors: Amounts falling due
after more than one year
Provision5 for liabilities
15
Total net assets or liabilities
338,027 746,110
1,084,137
1,030,625
There may be minor discrepancies in the totals (not exceeding £1) due to rounding.
191 Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
BALANCE SHEEr
As of 31 December 2022
Funds of the tharity
Restricted income funds
16
746.110
746,110
338,027
681,044
Unrestricted funds
16
338,027
349,580
Total charity funds
338,027
746,110 1,084,137 1,030,625
Approved by the Kirk Session at a meeting on 15 May 2023 and signed on its behalf by
Q. (a--Ut
Graeme Kennedy
15 May 2023
Gareth Irwin
15 May 2023
201 Page

an
KIRKPATRICK MEMORIAL PRE5BYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2022
ACCOUNTING POLICIES
BA51S OF FINANCIAL sfATEMENTS
The financial statements have been prepared in accordance with Accounting and Reporting
by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland
(FRS102) (effective l January 2015).
The financial statements have been prepared under the historical c05t convention except for
investment assets, which are shown at market value. The financial statements include all
transactions, assets and liabilities for which the congregation is responsible in law. They do
not include the accounts of church groups that owe theiraffiliation to another body, northose
that are informal gatherings of church members.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or at
the congregation's discretion; the income derived from the endowment is to be used either
as restricted or unrestricted income funds depending upon the purpose for which the
endowment was established in the first place.
Restricted funds comprise {a) income from endowments which is to be expended only on the
restricted purp05e5 intended by the donor and (b) revenue donations or grants for a specific
congregational activity intended by the donor. Where these funds have unspent balances,
interest on their pooled investment is apportioned to the individual fund5 on an average
balance basis.
Unrestricted funds are income funds that are to be spent on the congregation's general
purposes. Designated funds are general funds set aside by the congregation for use in the
future.
211Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2022
ACCOUNTING POLICIES (convd)
INCOMING RESOURCES
(i) Recognition of incoming resources
These are included in the Statement of Financial Activities {SoFA) when:
the congregation becomes entitled to the resources,"
• the trustees are virtually certain they will receive the resources. and
the monetary value can be measured with sufFicient reliability.
(li) Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fundraising income) the
incoming resources and related expenditure are reported gross in the SOFA.
(iii) Grants and donations
Grants and donations are only included in the SOFA when the congregation has an
unconditional entitlement to the resources.
(iv) Tax reclaims on donations and gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift
to which they relate.
(v) Contractual income and perfOrman￿-re1ated grants
This is only included in the SOFA once the related goods or Services have been delivered.
(vi) Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised. Gifts in kind for sale or distribution are included in the accounts as
gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are
included in the SOFA as incoming resources when receivable.
221 Page

an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2022
ACCOUNTING POLICIES (cont'd)
(vii) Donated services and faalities
These are only included in incoming resources (with an equivalent amount in resources
expended) where the benefit to the charity is reasonably quantifiable, measurable and
material. The value placed on these resources is the estimated value to the charity of the
service or facility received.
(viii) Volunteer help
The value of any voluntary help received is not included in the accounts but is described in
the trustees, annual report.
(ix) Investment Income
This is included in the accounts when receivable.
(x) Investment gains and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
(xi) Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the
congregation to pay out resources.
(xii) Governance costs
These are shown within charitable activities and include the costs of preparation and
examination of accounts, the costs of trustee meetings and the cost of any legal advice to
trustees on governance or constitutional matters.
{xiii) Grants with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service
or output to be provided, such grants are only recognised in the SOFA once the recipient of
the grant has provided the specified service or output.
231Page

KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
310ecember 2022
ACCOUNTING POLICIES (cont'd)
(xiv) Grants payable without performance conditions
These are only recognised in the accounts when a commitment has been made and there are
no conditions to be met relating to the grant which remain in the control of the charity.
(xv) Support costs
Support costs include central functions ar)d have been allocated to activity cost categories on
a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or
per capita. staff costs by the time spent and other costs by their usage.
ASSETS
(xvi) Tangible Fixed Assets
Tangible fixed assets for use by the charity are capitalised if they can be used for more than
one year, and cost at least £2,500. They are valued at cost or if gifted. at the value to the
charity on receipt.
Depreciation is recorded on all tsngible fixed assets other than freehold land, at rates
calculated to write off the cost. less estimated residual value, of each asset over its expected
useful life as follows
Buildings:
Fixtures, fittings and equipment
Motor Vehicles
over 50 years
- over 10 years
- over 4 years
- over 4 years
Computers, software and technical equipment
Where depreciation is calculated for a tangible fixed asset. the depreciation commences in
the first full year of ownership of the asset.
241Page

an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31 December 2022
(xvii) Investments
Investments quoted on a recognised stock exchange are valued at market value at the year-
end. Other investment assets are included at the trustees. best estimate of market value.
DONATIONSAND LEGACIES
Recorded giving".
Loose collections
Donations and gifts
Gift Aid
Legacies and bequest
219,566
4,525
1.020
54,829
1,800
85,086
304,651 305,383
4,525
1,635
26,972
17,171
80,223
68,602
1,800
21000
25,952
25,394
281,739
136,432
418,171 413,791
CHARITABLE AcfiviTI ES
li IJ
Income from charitable
activities
Church Publications
Weddings
Grants
910
1,153
2,064
2,727
285
240
285
240
60
1,435
1,153
2,589
2,787
251 Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (convd)
31 December 2022
OTHER TRADING AcfiviTIES
li I:
Letting of premises
Membership Fees
3,610
3,610
8,685
1.270
4.430
8,685
3,610
8,685 12,295
5,700
5. INVESTMENTS
li I:
Deposit interest
451
105
556
323
451
105
556
323
6. OTHER INCOME
Miscellaneous income
326
294
620
345
261Page

an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31 December 2022
7. RAISING FUNDS
FWO envelopes
Fundraising events
255
255
291
255
255
291
CHARITABLE AcfiviTIES
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
31.886
1.086
115.440
31.886
1.086
126,680
20,202
1.108
67.071
11.240
Congregational running expenses
82.589
29,084
111,673
90,002
Buildings - Professional Fees
Donations - Missions & Charities
Governance costs
19.435
86,610
19,435
86,610
3.094
2,426
84.985
2,400
3.094
234,095 146.369
380.464
268.194
271Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in I￿land
NOTES TO THE ACCOUNTS (conyd)
31 December 2022
EMPLOYEES
Employment Costs
Wages and Salaries
Social Security Costs
Pension contributions
101.149
8,842
13,022
37,904
889
1,549
123,013 40,342
Number of Employees
The average number of employees, including the minister of the congregation, during the
year, was
Average number of employees
There were no employees in receipt of employee benefits (excluding pension contributions)
in excess of £60,000.
281 Page

an
KIRKPATRICK MEMORIAL PRESBYtERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNT5 (cont'd)
31 December 2022
10.
PENSION cosrs
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension
Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separately
registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland
equivalent to the employer's pension contribution for the Scheme and based on the stipend
paid to the minister. 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 the Scheme Trustees have agreed on a
funding plan to ensure the Scheme is sufficiently funded to meet current and future
obligations. A formal schedule of contributions was drawn up on 25 November 2015 whereby
the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24% 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 were
Contributions
11,558
131
The congregation operates a defined contribution pension scheme for its employees. The
scheme and its assets are held by an independent scheme manager. The pension charge
represents the contributions due from the congregation during the year
Contributions
1,464
1,418
291Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (convd)
31 December 2022
11. TANGIBLE FIXED ASS￿5
Cost or valuation
At start of year
Additions
Disposals
400,000
15,554
54,136
415.554
54,136
At end of year
400,000
69,690
469,690
Depreciation
At start of year
Provision for year
Disposals
756
3.511
756
3,511
At end of year
4,267
4,267
Net Book Value
At start of year
400,000
14,798
414,798
At end of year
400,000
65,423
465,423
Where depreciation is calculated for a tangible fixed asset. the depreciation, as per Note
l(xvi), commences in the first full year of ownership of the as￿t.
Land and Buildings consist of two classes of assets. The first class is church property which is
used to carry out the activities of the church. This class is carried at cost and depreciated over
the estimated economic life of 50 years. However. given the age of the prernises in question,
it 15 deemed to be fully written off and have nil carrying value at 31 December 2022 and 2022
on a cost basis.
301 Page

an
KIRKPATRICK MEMORIAL pRES8￿ERlAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (convdl
31 December 2022
The second class is a residential property that is made available to employees of the church.
The property in question is the rnanse and it has been valued at £400,000, the value set by
the local rating authority.
Given the nature of the properties and ongoing
maintenance/repairs to which they are subject. no depreciation is applied as the residual
value is considered to be at least equal to the carrying valuation.
12. DEBTORS
2022
2021
Gift Aid Recoverable
Prepayments & Accrued Incorne
25,770 68,369
6,233
5,777
32.003 74,146
13. CASH AT BANK AND IN HAND
(CA = Current Account. DP = Deposit Account)
2022
2021
General Fundlulster Bank CA
General Fund/Danske Bank CA
General Fund/Progressive BS DP
Property Fund/Ulster Bank CA
Property Fund/Danske Bank CA
Property Fund/Danske Bank DP
Mercy Fund/Danske Bank CA
Presbyterian Women/Danske Bank CA
Girls Brigade/Danske Bank CA
The Globe Cafe/Danske Bank CA
Boys Brigade/First Trust Bank DP
Kirkpatrick Tots/Ulster Bank CA
Friendship Club/Cash in hand
75.746
189,793
45,000
13.963
199.543
85,352
10.562
1.232
1,733
2.359
2. 168
664
1,252
70,411
173,188
45,000
13,838
209,070
85,248
10,957
1,026
1,646
1,390
1,378
787
394
629,367
614,332
311 Page

an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS {conVdl
31 December 2022
14. CREDITORS: amount falling due within one year
2022
2021
Agency collections
Accounts Payable
[438] [425]
43.095 73.077
42,657 72,652
15. CREDITORS: amount falling due after more than one year
2022
2021
321Page

an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS {cont'd)
31 December 2022
16. FUND BALANCES AND RECONCILIATION OF FUNDS
Fund
Balance at Income
start
Expend.
Transfer Balance at end
Unrestricted Funds
General Fund
349,580
287,561
234,350 [64,764]
338,027
Restricted Funds
Property Fund
Mercy Fund
United Appeal Fund
General Mission Fund
World Dev App Fund
Moderators App Fund
Mission Partner Fund
Flower Fund
Ch Family Event5 Fund
Friendship Club
Boys Brigade
Gir15 Brigade
GB Extra
The Globe Cafe
Women'5 Events Fund
Kirkpatrick Tots
Presbyterian Women
Duke of Edinburgh Sch
660,072
11,435
3,096
24
160
102.267
4,004
6,965
790
5,067
11,028
883
64
35,776
4,728
17,424
7,164
5,810
11,028
43,800
86
2,586
981
3,647
1,413
1,888
3,009
1,388
1,057
1,212
3,373
726,564
10,712
7,363
6,350
583
196
42,721
22
2,586
100
499
1,378
1,646
65
429
100
1,252
2,168
1,733
1.735
4,437
1,501
1,390
1,379
433
2,750
1,388
1,549
787
1,158
933
1,422
2,805
664
1,369
568
681,044
146,670
146,369
64,764
746,109
Total
1,030,625
434,231
380,719
1,084,137
There may be minor discrepancies in the totals (not exceeding £1) due to rounding.
331 Page

an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31 December 2022
17.
RELATED PARTYTRANSAcfioN
One of the Trustees, Rev Graeme Kennedy, the minister of the congregation, received
remuneration of £48,158.48 and expenses of £6,038.87 for acting in that capacity. A pension
contribution of £11,557.71 was paid by the congregation in respect of the minister to the
Presbyterian Church in Ireland Pension Scheme {20091 again for acting as Minister to the
congregation. None of the other trustees received any remuneration.
During the year the congregation contributed the following amounts to Funds of the General
Assembly of the Presbyterian Church in Ireland a separate charity
£31,885
£17,424
£5,810
£33
£10,996
for Congregational A5se5smentS
for the United Appeal
for the World Development Appeal
for the 2020 Moderators Appeal 'At home for Christmas,
for the 2022 Moderators Appeal 'Ukraine'
The congregation paid £1.086 a5 Presbytery Assessments during the year
There were no other related party transactions.
341 Page