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 FINAl4C￿L AcfiviTY lor the year •)ded 31st December 2022 Notes Unrestrlcted Funds Re¥lrl¢ted Fund$ Endowm*rt Funds Tot•1 2022 Total Incom• and Endowmentsfrom: Ae8ularGlvln Donatlons aThJ Bequests FundTrlsln Gift Aid Aefur Investment Income Asseis sold In¥e5tn*nts 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•rt*kled 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 7￿75 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 As*ts 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'. An￿nts 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 EndOWTr￿￿ts 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 >lller*2QU COME Lkni•itrlcl•d ftq5trfrt•d ￿doI￿￿￿rt Fundl T•¢•1 Total 2. A4ularVolufitrry Gknr WFO Prgxtfy Fu Lknlied hpptal GenÈral l*1ss1thTr FuT¥J Othei Chadles Pre$byte￿an Ctsldren's Sxbety Y(wth FyTrJ Oenewsert CNldren & FaffAtywCrfkerlFu￿1} Senlcrf Mtnthts F￿d 92*52 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 8tr*llnu aub Frfend5 & NEl8htswJrs Fun @ Tots 302 3S6 129A22 3. Don•ilans & Be4u•sti 430 430 201*10 i&sio 4. Fundrnwni Fsjnd GéneTrl MsslLm F￿d Other Cha￿0￿$ io S, 6fft Ald Weekly GI￿ cyefty Fwd U￿ted A4>k*al Gener41 Fw Othtt Pr￿by1ert•￿ CNlthen'$ 5oclety 17,024 L418 2￿7 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[rte￿t Intr￿St GeneTrl th￿by￿1t Fw)d le TfU5t 1,182 1.182 829 842 192 192 $79 93 93 73 Pre5knerfan Won* 2¢ 5.39Y 8y2 7. Other Inton Ballet klKrA Useofr lQ71S 402 10,715 401 e3t & Llghi Sundry C'rtll & Famwrykef ToLSt) i*yth 8ella5t Pres umr HMRC . Jd>Relpnti(w> PCI CNldren's Sxlety- CuA&19 Grani PCS. Resttye fyaniknmt GTrrtl88 GTrntlGei 5.151 5.151 2.367 22.020 .liL 11.926 1265 445 973 In¥•sim•nts- In¢M•* lth TAluatb)Th 72 Tot41 In¢om• 712 whitehouse Presbyterionchurch WHITEHOiiSE PRESBYfEftIAN OILUICH NOTES TO ThE ACCOUNTS y••r•nd•d 31 De¢emh¢r 1011 & EXPEIIOITi restrlcted IlestYlrt•d Endowm*nt Funds Funds nds Tot*1 Total 2021 thurch Hou*Ass•s¥n•rtts 18.820 18,820 19.670 Mlnlstry & Support Staff MSnisterfs Stlpend Minls¢e¢s Eynses Dirtctor ot Mus1¢ Church Offiors past￿?1 Worker PastiKal Worker expense5 mn*rAsslstant I Studerrt Mlnlster Natsonal Ins. Istlpend: EMP & AJW Lè¥y . É167 Pwlpii Supplv 33,478 7,672 3,407 10,984 11421 942 3¢XI 4.649 341 33,478 7,672 3,407 10,984 12,421 32,252 7,381 2,720 10,524 12,076 641 L168 4.255 297 31YJ 4,649 341 ilf• & Work Licences LiteTrtufe {8¢Jok5 and Publlcation51 Trnining Cour5e5 Istsff and Volunteers) cial asseft*¥ly Conference foes ertlslng, Prtnt & Stationery Bank Fees Caterin8 PCI ChlldrEn's Soclety Co¥ld.19 Gftnt Ilaptopl Q￿ert's Jubllee- Family Day Other Cosis lunder £SCfjI 1,2S4 149 595 1,254 149 595 1,381 dll 1,886 331 I,S54 iii 664 1I86 331 L554 iii 1.876 213 51 Accounlancy Fte sbrtery Ftts 770 743 758 7S8 1.548 L513 Property & equlpm•nt Heat & Llght Cleanlng Water Rates V4fise RaieslGmund Rent Telephone, Intemet & Church Suite Pro Repalrs & Renewals and Equi nsurance clatlon 17,614 954 1,281 1,045 17,614 954 1.281 9,091 827 1.037 1345 26.742 4.431 21,867 66,186 1.705 4917 4,473 21,867 57.856 8,917 4.4TJ 948 20,919 29,836 2&020 M15slon & Oulreach UThted Appeal Genernl Misslon Funrl Other Missions & Charitles PresbWerfan Child￿n,$ Sxlety BenevolÈnt Fund Senlor Wmbers Fund PCI u￿an Mlsslon iyw) Children and F•mlly w0￿er yO￿h 0￿3￿1satIOnS 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 adMiniste￿d 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 ReValua￿On$ 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