whitehouse Presbyterianchurch WHI I EHOUSE PRESBYfERIAN CHURCH A Congregation of the Presbyterian Church In Ireland (• 11 WHITEHOUSE PRESBYTERIAN CHURCH FINANCIAL STATEMENTS For the year ended 31 December 2022 Reglstered with the Charity Commlsslon for Northern Ireland (NIC1044351
whitehou Pr8sbyterionchurcFI WHITEHOUSE PRESBYfERIAN CHURCH A Congregatlon of the Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT for the year ended 31 December 2022 INDEPENDEMf EXAMINER'S REPORT Independent examlner's report to the charfty trustees of Whltehou5e Pre5byterlan Churth on the accounts for the year ended 31 December 2022. I report on the accounts of Whitehouse Presbyterian Church for the year ended 31 December 2022, which are set out on pages 3 to 14. Respectlve responslbllltles of charlty trustees and examlner: The charity's trustees are responslble for the preparatlon of the accounts in accordance with the requirements of settion 65 of the Charlties (Northern Ireland) Act 2008. Havln8 satisfied myself that the charity Is not subject to audit under the Charities Act, and is eligible for independent examlnatlon, It Is my responsibility to: examine the accounts under section 65 of the Charltles (Northern Ireland) Act 2(M)8; follow the procedures laid down in the general Direction5 given by the Charlty Commission for Northern Ireland under section 6519)(b) of the Charities Act- Sectlon 65(9)Ib): . 19) The Commission may give such directions as It think5 appropriate with respect to the carrying out of an examination in pursuance of subsection {3I(a). State whether particular matters have come to my attentlon. Basls of Independent examlner's statement I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with general Directions glven by the Charity Commission for Northern Ireland under section 65(91(b). The examination included a review of the accounting records kept by the charity and a comparlson of the accounts presented with those record5. It also includes consideration of any unusual Items or disclosures in the accounts and seekin8 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 the requirements of 5ertion 65 of the Charities Act. the accounts did not accord with those accounting records
whitehouse Presbyterionchurch the accounts did not comply with the accounting requirements of section 65 and principles of the 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 there is further information needed for a proper understanding of the accounts to be reached Independent examlner's statement Although the Charlt(s gross income for 2022 did not exceed £250,000, the threshold specified by the Charity Commission for reporting on an accruals basis, a decision was taken by the Trustees, based on guidance and advice received, that the 2022 Whitehouse Presbyterian Church Accounts should continue to be produced on an accruals basis. A consequence of this is your examiner must be a member of a listed body. I can confirm l am registered member of The Association of Chartered Certified Accountants, whlch Is one of the listed bodies, and that l am qualified to undertake the examination of the 2022 Church Accounts. I have completed my examlnatlon and have no concerns in respect of the matters11) 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 drawlng to your attention. Independent exam5ner lan Murray FCCA lan Murray & Co. Ltd 27 Joyrnount, Carrlckfer8US. Dated: 14 February 2023
whitehouse Presbyterianchurch WHITEHOUSE PRESBYTERIAN CHURCH A CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND WHifEHOUSE PRESBYrÉr¢iAM OILIRCH STATEMENT OF FINAl4CL AcfiviTY lor the year •)ded 31st December 2022 Notes Unrestrlcted Funds Re¥lrl¢ted Fund$ Endowmrt Funds Tot•1 2022 Total Incom• and Endowmentsfrom: Ae8ularGlvln Donatlons aThJ Bequests FundTrlsln Gift Aid Aefur Investment Income Asseis sold In¥e5tnnts Wrthased Other Incwe 41276 430 10.032 5,657 1,851 13Q356 14940 10,032 20.161 7.250 129,422 201,810 16.510 14.504 5.399 22,497 8.542 16.608 35.365 51,9TJ 33,598 141.101 95.611 236.712 399,354 EJy¢ndlture on: Cost of Fundrnisin8 Chafltable Activities Other Investments Purchased 132.211 120,0 252,301 228.811 132.211 120.(VJ) 252.301 228,811 Net GolnsllL055e51 on Investments 13 19,572 Met Incom• b•ft•re tran 8,890 124.4791 114,1101 129.6991 190,115 Tran5fer5 behleen Fund5 12.2521 2,252 Net mo¥wn•nt In funds 6,638 122.2271 114.1101 129,6991 190,115 Rett>n¢lllatk•n ol funds Funds ai 3tst De¢ember 2021 Net nv)venrn¢ in fun(ts 362.893 6,638 763.513 122,227) 171,650 (14.1101 1,298,056 129,6991 1.107,941 190,115 Funds at 315t Otternber 2022 369.531 741.286 157,540 1,268.357 1.298.056
whitehouse Presbyterionchurch BALANCE SHEET As at 31 December 2022 Not•s unfestrlrt Il•rtkled Endowment Rlnds Funds Funds Total Total 2021 Flyd Assets Freehold Land & Builthr8s Leasehold Fixtures, FlttlnBs & EquSp, li SS4,616 55.804 554,616 55.804 6.627 573,264 li 12 6.627 775 Total Axed AM¢ts 6.627 610.420 617.047 638,914 Investm•nt5 s. Generdl Investment FUNI 13 IS7,540 157.540 171,650 Tot•1 Inv•stmDThts 157.540 157,540 171.650 CurreTrt A58ets Debtrys Bank Accounts Genernl Bank OrBanlsatlrywl Bank accounts 14 14,504 5,657 20.161 20.962 349,446 117.961 7,248 467,407 7.248 457.n2 10,156 Tot•1 Cuvr•nt Asts Le$5.' Llabllltles Creditors: Affthrtts f?Illn8 due within one year Nei Current Assets or U•bllltles 363,950 130,866 494,816 1,046 1.046 1.398 362,904 130,866 493,770 1187,492 lotJl Assets lem eurrtTrt Ilibllltles Credit¢Jfs'. Annts fallln8 due after(e yeai 369,531 741,286 157.540 L268,357 1,298,056 Total Net •5f•ts or Ll•blllti 369.531 741,286 157.540 1.268.357 1.298.056 Reprttented by:. Fund5 Unresiricted Aestrlcted EndOWTrts 369,531 369.531 741.286 157.540 362,893 , 763,S13 171,650 741.286 157,540 Total F4tthd5 369,531 74L286 157,S40 1,268,3S7 1.298.056 Apprty4ed by the KI 5e55lon ai a Mew1 13 Febnjary 2023 and slgned on its behalf by Maurke Flnlay Clwk of Sesslon HeleTr Ilnds•v Cry4reBallonal secreta Beck Treasurei
whitehouse PresbyleTionchurch The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with Financial Reporting Standard appllcable in the UK and Ireland (FRS102) {effective I January 20151. The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transattions, assets and liabilities forwhich the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body. nor those that are informal gatherings of church members. FUNDACCOUNnNG Endowment funds are funds. the capital of which must be retained either permanently or at the congre8ation's discretlon; where the incorne derlved 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 of: _ {a) income from endowment5 which is to be expended only on the restricted purposes intended by the donor; and, Ib) revenue donations or grants for a specific congre8ational artivity intended by the donor. Unrestricted funds are income funds which 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. INCOMING RESOURCES (l} Reco8nltlon of Incomlng resources These are included in the Statement of Financlal Actlvities (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. (il) Incoming resources wlth related expendlture Where incoming resources have related expenditure las with fundralsln8 income) the incoming resources and related expenditure are reported gross in the SOFA. (1111 Grants and donatlons Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources.
whitehou Presbylerianchurch NOTES TO THE ACCOUNTS year ended 31 December 2022 ACCOUNTING POUCIES Iconvd) (Iv) Tax reclalms on donatlons and 8lfts Incoming resources fmm tax reclaims are included in the SOFA at the same time as the gift to which they relate. (v) Contractual Income and performance related grants This is only included in the SOFA once the related goods or Services have been delivered. (vl) Glfts In klnd Gifts in klnd 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 d15tributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. {vll) Donated servlces and facllltles These are only included in incoming resource5 (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 charlty of the service or facility received. (vlll) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. (Ixl Investrnent Incorne This Is Included In the accounts when receivable. (x) Investrnent galns and losses This includes any gain or loss on the sale of investments and any gabn or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES (xl) Uablllty recognltlon Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. Ixll) Governance costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
whitehouse Presbyteiianchurch NOTES TO THE ACCOUNTS year ended 31 December 2022 ACCOUNTING pouaES Iconvd) ASSETS (xlll) Tanglble Fixed Assets Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and cost in excess of £2,500. They are valued at cost or, If gifted, at the value to the charity on receipt. Depreciation is recorded on all tangible fixed assets other than freehold land, at rates calculated to write of the cost, les5 estimated residual value, of each asset over its expected useful life as follows: . FreeholdlLeasehold buildings: Fixtures, fittings and office equipment: Computer Equipment: 50 years on a straight-line basis 10 years on a stral8ht-line basis 4 years on a stfaight-line basis (xlvl Investments Investments quoted on a recognised stock exchange are valued at market value atthe yearend. Other investment assets are included at trustees, best estimate of market value.
whitehouse Presbylerianchurch NOTES TO ACCOVIIIS yq•rendqd >lller2QU COME Lkni•itrlcl•d ftq5trfrt•d doIrt Fundl T•¢•1 Total 2. A4ularVolufitrry Gknr WFO Prgxtfy Fu Lknlied hpptal GenÈral l1ss1thTr FuT¥J Othei Chadles Pre$bytean Ctsldren's Sxbety Y(wth FyTrJ Oenewsert CNldren & FaffAtywCrfkerlFu1} Senlcrf Mtnthts Fd 9252 6J43 10.137 6.7BI &774 4781 8,774 9,036 6.916 1,553 IL i( 2410 1.768 924 924 GB 3,779 2.407 L407 8trllnu aub Frfend5 & NEl8htswJrs Fun @ Tots 302 3S6 129A22 3. Don•ilans & Be4u•sti 430 430 20110 i&sio 4. Fundrnwni Fsjnd GéneTrl MsslLm Fd Other Cha0$ io S, 6fft Ald Weekly GI cyefty Fwd Uted A4>kal Gener41 Fw Othtt Prby1ert• CNlthen'$ 5oclety 17,024 L418 27 L411 1,301 1.639 1.337 1.129 251 L301 L639 1.337 1,1 251 22,497 6. In¥•AmeKt In¢om Ba I[rtet IntrSt GeneTrl thby1t Fw)d le TfU5t 1,182 1.182 829 842 192 192 $79 93 93 73 Pre5knerfan Won 2¢ 5.39Y 8y2 7. Other Inton Ballet klKrA Useofr lQ71S 402 10,715 401 e3t & Llghi Sundry C'rtll & Famwrykef ToLSt) iyth 8ella5t Pres umr HMRC . Jd>Relpnti(w> PCI CNldren's Sxlety- CuA&19 Grani PCS. Resttye fyaniknmt GTrrtl88 GTrntlGei 5.151 5.151 2.367 22.020 .liL 11.926 1265 445 973 In¥•sim•nts- In¢M•* lth TAluatb)Th 72 Tot41 In¢om• 712
whitehouse Presbyterionchurch WHITEHOiiSE PRESBYfEftIAN OILUICH NOTES TO ThE ACCOUNTS y••r•nd•d 31 De¢emh¢r 1011 & EXPEIIOITi restrlcted IlestYlrt•d Endowmnt Funds Funds nds Tot1 Total 2021 thurch HouAss•s¥n•rtts 18.820 18,820 19.670 Mlnlstry & Support Staff MSnisterfs Stlpend Minls¢e¢s Eynses Dirtctor ot Mus1¢ Church Offiors past?1 Worker PastiKal Worker expense5 mnrAsslstant I Studerrt Mlnlster Natsonal Ins. Istlpend: EMP & AJW Lè¥y . É167 Pwlpii Supplv 33,478 7,672 3,407 10,984 11421 942 3¢XI 4.649 341 33,478 7,672 3,407 10,984 12,421 32,252 7,381 2,720 10,524 12,076 641 L168 4.255 297 31YJ 4,649 341 ilf• & Work Licences LiteTrtufe {8¢Jok5 and Publlcation51 Trnining Cour5e5 Istsff and Volunteers) cial asseft*¥ly Conference foes ertlslng, Prtnt & Stationery Bank Fees Caterin8 PCI ChlldrEn's Soclety Co¥ld.19 Gftnt Ilaptopl Qert's Jubllee- Family Day Other Cosis lunder £SCfjI 1,2S4 149 595 1,254 149 595 1,381 dll 1,886 331 I,S54 iii 664 1I86 331 L554 iii 1.876 213 51 Accounlancy Fte sbrtery Ftts 770 743 758 7S8 1.548 L513 Property & equlpm•nt Heat & Llght Cleanlng Water Rates V4fise RaieslGmund Rent Telephone, Intemet & Church Suite Pro Repalrs & Renewals and Equi nsurance clatlon 17,614 954 1,281 1,045 17,614 954 1.281 9,091 827 1.037 1345 26.742 4.431 21,867 66,186 1.705 4917 4,473 21,867 57.856 8,917 4.4TJ 948 20,919 29,836 2&020 M15slon & Oulreach UThted Appeal Genernl Misslon Funrl Other Missions & Charitles PresbWerfan Childn,$ Sxlety BenevolÈnt Fund Senlor Wmbers Fund PCI uan Mlsslon iyw) Children and F•mlly w0er yOh 031satIOnS E%pendlture 12.561 16.898 14.617 1.734 654 3,242 12,561 16 14.617 1.734 10.421 2,462 7.023 1,717 3.242 19.998 11,962 2,481 23,5S2 23.552 1.21 10.788 90,254 62,379 Investments. De¢rease In ¥¥luatlgn TOTAL PAYMENTS 132.211 J20J 14,110 256811 128.811
whitehouse Presbyterionchurch NOTES TO THE ACCOUNTS year ended 31 December 2022 (cont'd) 9. EMPLOYEE5 Employment Costs Total Funds 2022 Total Funds 2021 Wages and Salarie5 Social Security Costs Expenses Pension contributions 59,718 5,054 8,614 8,035 S6,923 4,744 8,022 7,741 81,421 77.430 Chlldren and Family Worker5 salary costs whlch are beln8 covered by Marianne Trust GTrnt Fundln8 beln8 recelved excluded from abo figures. Associated payments / recelpts corded in Other Restricted - Con8re8ational Fund5 (C'ren & Fam Worker (M'anne Tnffjtl The average number of eryloyees, Includin8 the minister of the cor48regation, was.. Avera89 Employees 2022 Avera8e Employees 2021 Average number of employees lincludin8 the C&FWI The v no employees in feceipt of empl¢)yee beneflts In excess of £60,0(XI. 10. PENSION COSTS The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme 120091. This is a scheme operated by the Presbyterian Church In Ireland. a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employerfs 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 deflned benefit type, provlding defined benefits based on career average fevalued salary. The Scheme has assets held in a Separately adMinisted fund managed by a board of trustees. The Presbyterian Church and the kheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. A fonnal 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 penslonable salaries to coverthe accrual of benefitsfor future service, expenses. the costof insuring death in service benefits and funding the scheme deficit. 10
whitehouse Presbytsionchurch WHrrEHOUSE PRESBYfERIAN (>IiMICH MOTES TO THE ACCOUNTS yeaT qnded JI December 2022 Note 11. TANGIBLE FIXED ASSET5 11.1 Q)st or ¥•ly•tlan Property . Reslrlrted Freehold thurch At Cost Llhold Manse Total BuSldln H•lls At Cost At C051 Balance blf Additions ReValuaOn$ Disposals Balance cll 4L972 I.543 U145,963 41,972 113.543 1.045.963 11.2 A¢cumul•ted depr¢¢l¢lofi and Impalrment pro¥lslons Balance bl f charge for year Impaimwnt Revalvations Dlsposals 8alafi<e (If 320,562 17.809 414,624 20.919 839 2,271 338.J71 39A33 57,739 435,543 11,3 Net book vluè Brought forward Carried fOard 569,886 552,077 3.378 2,539 58,075 55.804 631,339 610.420 Not• IZ Nxtures Flttlnis & Equlpment li.1. Co Gneral Property- iknfeslrl(ted Oryn Plano's ¢hurch F & Equlpment Yot•l F, F & fgulpmenl Eqtslpm¢nt B4lnce blf AddItI5 DisFhxals Bal•nce ¢11 39,901 9,471 49.372 39,901 9A71 49.571 12.2. A¢cumuWÈd Dèpreclatlon B•lanee bl f charge for yeai ImpoirnRnt Oi5P05als B•l8ntè clf 39.901 4L797 39,Xii 41745 IZ.3 Net book ¥•lue Brought forwant Cathed forward 7J75 6,627 7.575 6627 li
whitehouse Presbylerionchurch NOTES TO THE ACCOUNTS year ended 31 December 20221conVd) 13. INVESTMENTS The congregation has the followi investn*nts. Amounts are shown at rrarf(et valuatlon. 2022 2021 General Investment Fund 157,540 171,650 2022 2021 Value at start of year Additions Disposa15 Impalrnnt Gains I (Losses on revaluation) Value at end of year 171.650 152,078 114,110) 157.540 19,572 171,650 14. DEBTORS 2021 Gift Aid Recovernble Supplier refund due 20,161 20,921 41 20,161 20,962 15. CASH AT BANK AND IN HAND 2022 2021 Danske Bank Ltd. -current Account oan1$at1)al Banks Cash in hand 467,407 7.248 457,772 10.156 474,655 467,928 16. CREDITORS: amount falllng due wlthln one year 2022 2021 2 x 2022 accnjed expenditure items14 in 20211 1,398 1.398 12
whitehouse Presbyterionchurch WHITEMOUSE PAES8IIERIAN oiuRai SUMMARY OFANANaAL AcriirynES t• 31 Oec•mb¢r 2022 17. ANALISS OF RINDS OpenlnB 8•lDnte In¢ome fr•nsfers Exp¢nthlur• Tr•nrf•ri Out Bal•nt• UNRE5TRicfED F10$ fjerer•l A¢wuni Fum., Éwlw & nttln8s T¢t•l 355.318 141.101 4.243 131,263 6.495 362,904 362.893 141.101 4.243 132.111 6,495 369,531 RESTRicfEO FUNDS PiopertylEqulpment Fund Freeholdl leasew Toi•l 57.283 631.339 6&9,621 11.082 8.917 20.919 29M36 S9,448 610,420 I1.2 MIMIon5 & (h•rttles VleApPeall£9,6?2) MISSI Other Chorftles Prts. Cl4ldrtn's Sc<iefy To¢•1 1.957 44.956 284 322 47,519 10.604 11.636 14.333 12.S61 16,898 I41? 39.694 37,985 45MIO 39,694 Olher Il¢rtrlu•d ¢onire8•tl•n•l Fvnd¥ yOh Benevdnt Fund Senior membe FurKI C'rort & F•rn Worker Im'anne Trwtl CNldren & FalY w0er (Fund) PCI Urb•n MlsslonlYWI Toi•l 6,435 16,856 1.204 654 3.242 23.552 7.933 16,883 S,S39 1,768 22,020 240 1013 1.532 120 11.243 17,168 6,247 24.168 3S,711 5,245 3a,656 Oreanltbon41 Funds 2.IS4 4,070 37$ 2.617 5.301 2.613 1.699 5.291 2.490 1.571 3.730 398 350 i( p.w. Fdend$ & NeIghb Fun @ T(rts Total 2,013 48 10.204 2.013 302 10.833 12 7.256 10.788 2,993 Toial R•stikt•d Funds 763,513 95.611 5.Z4S 120.17JO 2.993 741.286 ENDOWMEflTfUNDS Youth Genernl Toi•l 29,688 141.962 171,650 27,248 14.110 157,540 SUMMARY Unrertrl¢ied Fvnds Resirlrted Funds Endowmeni Funds Tot•1 362,893 763.513 171 650 141.101 95.611 4.243 5.245 132.211 120.Cv30 6.495 2,993 369.531 741,286 2x712 266,411 1,26&357 ftEPRE5EIITED BY.. C)sh In 8•fik OrEan15atioNI BaAks L5s'. Fun @Tots IFd$ InGew?l Fund EndDwnnl FuTwJ5 Debtors Sundry C10 Assets 467.407 7.256 7,248 474,6 157,540 20.161 1.046 617,047 1.268,357 13
ivhitehouse Pre5bylerianchurch NOTES TO THE ACCOUNTS year ended 31 December 2022 (Convd) 18. RELATED PARTY TRANSAcnoN One of the Trustees, the minister of the congregation received remuneration of £33,478 and expenses of £7,672 for acting in that capacity. Pension contribution of £8,035 were paid by the congregation in respect of the ministertothe Presbyterian Church in Ireland Pension Scheme120091. A furtherTrustee of the Congregation (Church Pastoral Worker) received remuneration of £12.421 and expenses of £942. None of the other trustees received any remuneration. Ourlng the year. the con8re8ation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity. Con8regational Assessments United Appeal World Development & Moderators Ukraine Appeals 18,820 10,605 6,611 The congregation contributed £758 towards Psb¥tery Fees during the year. There were no other related party transactlons. 14