CHARITY REG15TrATION NUMBER: NIC105045 Bangor West Congregatlon Of Th8 Presbyterlan Church In Ireland Financlal Statements 31 Decembor 2022
Bangor West Congrngatlon Of The Presbytarlan Church In Iroland Irldepondent Auditoes Rèport to tho Mémbers of Bangor Wost Congregatlon Of Thé Pré$bytsrfan Church In Ireland Year ond8d 31 Dècèmber 2022 Oplnlon We authted tho Ilnanciol Jlatoments of BaTW We81 Congregatlon 01 Tho Preswian Church In Ir8land ( 'ch8rlty) for Ihe year 8nd8d 31 Decamb8r 21J22 wthlch comprfse Iha 6taternent of flnandal acfivlllos, 8tatement of thanclal po8lllorK 8talnent of 8h flows and the rolatsd notes, Incjudkng a Summary of 8lgnfflcant accoUng pollcl89. Th? flnandaj reportlNJ frameThk ttb2t h86 b8on appll8d h th8lr pr8PBratlon18 appllo8blo Jaw and Unled Klngdom Acnry StarKl8rd4 Inoludlng FRS 102 Ttrkq FknonGlal Ryrtkng Slandard In th• UK and Rqpubk of lrnland (Unlled Klngdom QGnerallyA¢ed AntIng Pr1d1 Ift Our oplnkn the fmanclRI 8t4tthnents.' 8 true and f•lr vlew of the state of Ihe charW8 offalr8 as at 31 Decamber 2022 and of118 inthmthg resource8 and applloallon of rethiw Inoluthw Inooma and lor the Ar thon ènd. have b8en proparfy propAr•d kn •ccordanc• rflh UnFted Klrwdom Generalty Ae Accounllry havg be8n prnpared In acird&nc8 wlth th• r8qulrom8nt8 of tha Charlllo8 Act (Norlhem Ir•kl> 2008. sl• for oplnlon We Conducted our autht In aceordanca Allh Inlematlonal StarMlard8 (m Awjlttng (UK) (ISAJ (UK)) and •ppllcabh l•w. O(K re8ponsUIIUe8 under t1Th0 thndafds Ore fiKlh•r do¥crl)gd In tha audftof& re8ponslblHlla8 for tho audlt of th6 flnanGlal statsment8 SéCtl¢)n of our rnport. We are Ind8pandent of th• ¢hBrty In accordanoe the 8lhlcBI rBqthrM•nts Ihat we 1oJ6v4nt to our audlt ¢1 the th8ndal 8tat8mgn18 In Iha UK, knclthg the FRC'S Ethkal Standard, aTNJ tho provl8lons avallablè for 8mall •nItt08, In tho cfrcumDthn¢88 Qut balow. and have MIlad our othor othlcal mponslblllllas In accordancé wllh th88e r•qulr•ments. Wo bellffi thot Ihe audjt evknKo w• have obtaiwI18 oufflahnt and approprlato to prorfde a ba818 for tyjr ¢plnlM. In Common mAny othor thufeh88 our audnors 88818t preparntlon of lh8 finandal 8rat4monts. ConGlu•lpn• r•latlng to g•lng GOft¢•m In th• flnanclftl 8toteman18, hav6 cond18 Ut thfj tru8teo u80 of th• gc4ng conc8m b881s of acccunung In the prepwallon of the Ilnawl statements18 apprq>rlat•. Ba8ed on the work w8 have pwbmied, we havo not Idonufiod ary mat8rlAI unc8rt81nllos r8laUng to events or nd[dOn$ lha( hthvklually or colle¢Uwly. moy cast slgnfknnt doubt on the charty8 abllltyto continue 88 a oolng conoem for a }Od rf at loa8t twelvo months from wIn tha Ilnanclal 4latsm8nt8 ar• alrthorfd lor18wo. r r88pon•b111l•8 and Iho reBpcMlblllUe• of Iho Mlpoct k¥ golny concom are d•8olbed kn th• rnlMr Mcffons of this report.
Bangor West Congregation Of The Presbyterlan Church In Ireland
Ind•p8ndont Audltof8 Raport to the Members of Bangor Wost Congregatlon Of
Th• Prn•Wrlan Church In lrnland
Year ended 31 D8c•fflbgr 2022
Olh•r Inforniatlon
(thr InfLYmaiion 4ximpr158• tho lrfomiatlon Ind¢d In the annual rwt, other than the Ilnanclal
8lat8ments and 4Jur audlc¢s r6POrt Ihereon. Tho trustoes arn re8ponslble for tho Othèr Inforniallon.
Our oplnlon on the 11nano1 atalements (kJe4 not Gover me other Informafjcm and, • to tho extént
other188 OXF1011 Stated In our roPYrt, do not •xprgs8 aryform of al8wce conduskn thoroon.
In ConnBdI( wtth our audft of Inanclal 8talom¢nt8, respoMlbTOty 18 to road tho othor
Informalon and. In dolng 80, consldff wtthr thé Qthor mfally incon818t8ni wlth th&
fflnardal strtemts or our kncfivledgo obtaln•d In the audli or oth6MF88 appofir8 to b8 materlat
mlsjtated. ff w• IdenlKy Sh mat1 Inc
Bangor West Congregatlon Of The Pre8byterlan Church In Ireland Indèpendent Auditorfs Report to the Membars of Bangor West Congregatlon Of Tho Prnsbytorlan Church In Iraland (¢onthu•d) Year end8d 31 Dacembor 2Q22 Audltof• r••pon•lbllltlM lorlh• audtt of th• flnanclal •lat•m•nts Our objth are to obtakn rnasonable aS8ur8nc8 about thether tha financlal statents 8$ a who are free from malerlal rnlsstatsrMn( whether du8 to fraud or •rror, and b i8BU& an audllorfj r4)ort Ihai Include8 our oplnlon. Rea8onabl6 88surance18 a hlgh lavel of as8uranc8. bul Is not a guarants8 that an audit con¢10d In wKordance wlih ISA8 (UK) vlll alway8 detect a material misstatèmont en 8xl8ts. Mlglemonts ¢an arf•e from fra1 and are ¢cnsldgrod matorfMI Y, IndIdlIty or In the aggrngat•, tty e()uld rna8onably b8 axpKl8d to In11nCe thè e(o)nomlc dorJ8lonB of usern tok•n on th? ba818 oflha•• Ilnandal Ments. Irregulathl. IrKiudlng fraud. are h13tsnc85 ol nonveompManc8 Mllh laws and regulatsons. We deslgn prOcureS kn Iln8 wlth our r8gponslbllltles. oulHned above, to dotecl mat8rfal mlgstatoments In respect of Irrngularllks. kndudlNd fre1. The oxtwt to whkh our are oapglle of detecllng Irragularf0 hcludlrvj fraud h d•alled W• dcu•I4WB & r•gulalkTh and frnud rfek8 &Jrfnu Ir planrtng procadurn8. W• c4)n8klgr Iht fraud, If It wwe ts) occur, would rn08t Ilkety Invofva the ml8approwlalk)n of InMe. Audlt oGedurq8 woro pl8nnod and porfomi¢d to a88QBB proc88008 for rernrdlro Ihe dlfferent 80urcas of Income. We remaln mlndful that fraud, ty tts very nature, may b8 dlfflthjlt to detect bul we have leBted controls kn plac• and con8ldar Ih81 our audlt ha• a r•osonabla chanco of detectkng a m•tèrlal fr4wJ In th18 area. A8 part of an 8udn In a¢c•xdanc 1h 18A8 (UK), •XiYcl•• profeB8loMI Judgm•nl and malntaln prolegllonal 8ceptld8m throughout th• audlL W• akn: Id8nUfy and a8$è8s rlBk8 of mat•rf41 mlBStatem•nt of th• nnanclal 8tatements. wh8ther due to fra1 QT em)r, daslun and pèrfomi audlt proced r•spon81vg kn thoBa rlsk8. and obtaln audlt OVIden that 19 8ufflcJ8ni and approprtsto to provSde a ba8Lv for our oplnlon. The rfgk ol nol detodlng a matorlal mlsBtstam8nt repultlng from frgud f8 hoglw then for one resulJrnJ frorn ermr, o• fraud may Invofve ffjlftjglon, fory8ry. Inl•ntbMI 0ml•JI1, ml8repr•8onlatlon8, or the ov•rrldg of knt•rnal contral. Obtdn an undorntandknll of kntsmal control reIevant to the audlt In lxder tr• d8slw audlt PTocedura8 that are apprcprfata In Ihe drcum8tanoe8, bul nol for the purpose of ex581n9 an oplnkn on tho aff8etlv8ne38 of thè Inl8rnal control. Evaluah lh• approprfaterw of aecaunth¥ wllcl88 u8ed and th8 reo•anablfjnw rf 8(xX)onG •8llmateJ and relat•d d18cI(wm mgde ty th• tru8t694. Condudé th& approwlaleness cf the lrnst8è9' use of the cO8M ba8ls of accountlng and. b8aed th8 athir£ avldènce obt8lnod, wheth¢r a matorfal un¢ertalnty exl8ts relaled lo ovonts Qr condmons Ihat m8y Gq8t 8tgnlllo•ht thwbl on thè tharws sblllty to C4xUnu8 88 a golng COnM. If conGlud8 that 8 materfal unrnrtthty •xlBts, wo 8rn TBqulred lo draw attentlon In our 8udltrf report to the rolated dl$dosweB In the IlnatKI?16talemonl8 or, If such disclosures Ar• Irwde(JMt8, lo modlfy OLf LyknFon. Our conohMlon8 dre ba80d on Ihè au¢lt evhlwtce obl•ln up to tho date of our audIt6 ropNL Hmvor. fvturn 8vehts or ttffldfl¢HI8 may Cau88 tha ¢harfty to cè&& to (xnllnue ag & gokng corKam. Evaluote lh• overall pre8entatlon, structum and content of tho fin(1 gtatements. Indudlng tho dlsclosMJrnJ, and whether the flnanclal slatements ropres•nt tho undertykng tr8nsacllon8 ond In 8 monner that xhlav88 fAlr pr8sentBtlon. .11-
Bangor West Congregation Of The Presbyt•rlan Church In Ireland
Independent Audltorfs Report to tho Members of Bangor Wost Congregatlon Of
The Prasbyterfan Church In lrnland (conun)
Y•ar end 31 D•G•mbor 2022
WO c
Bangor West Congregatlon Of Tha Presbytorian Church In lrnland statornont of Flnancial Acllvltl88 Year èndod 31 Dac•mb8r 2022 2022 2021 fund8 funds Totsl fund• T¢knl fund8 In¢om• and •ndownMnts DtIOnS and logacl85 Charlt8blo aclMtle8 InSImont Inc(Mne 438.929 13.882 1.986 454,757 160 &5,122 599.$02 1,230.082 98,687 1.767 1.330,496 2,421 700107 Total Incom 0,150 Exp•Tr(Itw• Exp8ndlhr8 Gharllablg aclMIi•8 Total •xp•ndlluY• 440.234 440,234 204.076 294,078 734,310 734,310 861.021 681,021 (gXpondlr•Ylnem• 14,523 (47,926) (33,403) 669,476 Tramlarg b•tween fund8 {37,020) 37.020 N•t mov•rnt In fvnd• (22,4971 (lo,) P3,403) 869.475 R•con¢lllallon of fvnd• Tolal ndS brought lorward Tolal fundB TrIed foThvard 1,428,423 1,405,926 193398 182,392 1,621,721 1,088,318 952,246 1,621,721 T Statemont of Ilnandal acbthi8 In(Judes all goln8 8nd108w roClS0d In th8 sw. All Income and expendIrn d•blve frorn ry)ntInuI aclMIio8. Th• notsB 4>n pty•• 16 to 26 fomb part ol th•s• flnartd st*mwits. 13-
Bangor West Congregatlon Of The Pwbyterian Church In Ir8land 8tatemont of Flnanclal Pogltlon 31 Docambar 2022 2022 2021 Flx•d a88ats TanglNe ffxod a88818 13 700.171 700,171 Cyrrnrtt Debtor8 Cash at bank In hand 14 31.582 859,205 890.787 32.t20 891388 925,(M)8 Cr•dltor8: amounts falllng duo wlthln on• y•w N•t ¢uYr•nt ass•ts Totsl l•M cuTr•nt Ilthlllllés ag•ats 15 2,640 3,458 921,550 1.821,721 1,621.721 088.147 1,588,318 1,588.318 Fuftd• of th• charlty 181392 1,404926 1,588,318 193,298 1.428,423 1.621.721 Lffirwtrltd fiJnd8 Total charlty funds 17 Th088 Ilnanclal statomants wera apwovod by tha Doaffj th ru8w8 and aut Awll 2023, aThJ are 8IBnfjd on b8hdf of tho b¢xrd W. ad for Isryuo on 24 MrJ Ev Tru¥tee T(u8tae Th• nol•• on p8gB8 16 ts 28 fonn partof th••• flmnclal •tse•ffl•nts. .14.
Bangor West Congrngatlon Of The Presbyterian Church In Ireland Statem•nt of Cash Flows Y•ar ended 31 Déc•mb8r 2022 2022 2021 Cash flows from opornrfng aethllll Net {eXpdUra>nc0rnO PI403) 869,475 Affjuslm•nts for. oth¢r Interest reG?Ivablo and oknllaf Incom• Ac<ru expon$eB (1,767) Trade and i?th0r debtorn Trade and clher crgdllorn Cash generatod from oper81i¢mi Intera8t Mcalved N•t caBh (u•ad InTrm OPOrnllw acM188 1,038 11,058) (38,6041 2A21 (33,1831 (4A52) 1260) 662.996 1,767 664.783 {dKr•wylrtr•a•• In cash and ca•h •qulvalonts Ca•h •nd ca•h oqulval•nt• at b•9lnThlng of y•ar Ca•h and cA•h •qulv41•nt• al •nd Of y•ar 133.103) 892,38a 859,205 664,783 227,625 892,388 Th• nots• on pag•J 16 to 26 foiiii pirt of Ih•w nnandal 8l•tsmenis. .15-
Bangor W8St Congregatlon Of The Prasbytorlan Church In Ireland Notss to th• Flnancial Statèménts Year ended 31 DgG•mbtr 2022 Gèneral Informatkni Tha charfty 18 a pLI)Ic ben entlty and a f¢Li81Bred charny In Nortprn Ireland and Is unlncorportsl. Th• addrets af the wtnclpBI off[¢8 15 91 CavAord8bum Road. Baw, BT19 1 8th10nt ol ¢ompll•na• TheB8 flMrKlal &tat8m8nts havg bBen preparffl In cornpllanc8 YAlh FRS 102, The Flnanoial Reportlng Standard 8ppJlc4bl• In ts UK and Ihe Republlc of Irelllnd,, the Stat8m8nt of Recomm•nded Pradce appllGablo to charfllo8 preparlng 1helr acc(MJnts In accordance th8 Flnandal OrtIng StarKlgrd appllcablo In Ihe UK and Republlc of ITthd (FR8 102) (ChwMI8S SORP (FRS 102)) arnl tho Charlll88 Act (Northam treland) 2008. Po1•$ B••l• of pr•parallon The finwjclel statements hm been prepqred on tha hlstorfcal cost ba811 a$ mt)thfiad by lh• rnvaluatlon of cortaln finan1 ag09ts arnl Ilabllllles and Inwstrlloni prop£rdeJ Me88urgd at falr Value through Income or •xp8ndlre. The lknanttlal slatornanl6 aro prepared kn 8t•rflw. wthl¢h18 tho functlonol curronw of Ihe enllty. Gokng coMrn Th8M arn no mater181 urthrtalntl•8 ab(xrt Iho charflY8 4tAINy to contlN•. Judpffl•nt8 and k•y sourc08 of e•tlm•tlon unc•rtalnty Thorn are no rnF ol Jlgnmeèntjudoment ¢x koy 8ource8 of 8stknaJon uncértaknty. Fuml iGwintlng Lknrn&lrkt•d ftmd8 arn avallablg for we at tho dlxr•ODn of th8 IruBlo86 lo fvrthw ary of th• charV8 purposm. De8lgnfjt•d ld3 ar• UnrMtr8d ld6 earma ty thg tru8t888 for pathjlor prDJoct ¢ommllm•nL Re8lrfct•d funds ar• ¥thJécted lo ra6frldl$ on thetr oxpandltsW8 doolarnd by Iho donor or through tho t•rms of an apwl, and 1411 Inb of tsvo suW&889: re8lrfcted Income fvndB or endtywmont fund8.
Bangor West Congrngation Of The Prosbytorlan Church In Ireland Notes to the Flnanclal 8tatomgnts (¢onthJwd) Year endod 31 DaGembor 2022 Acoounung polclv• In¢othlng r••ouro•• All Incomlng re8ourc88 are 1ndlad In th8 stm8nt of lknandal acmIeS when enfjllgment patsed to Ihe Charliy. It IB probable that the economic b8neltt8 88800iated ¥wlh Ihe tr8nsocllon WAI t1 to tho charlty and the ornount bo rellably mea8fftd. The follng 8Fd0 pollcleo ara to parttcular categorfe8 of IrIrne: Income from donaifiTh or wants th feeowl8¢d wn thw•18 •vklenc8 of ffflllll8rnenl lo the IIIL recelpt18 prob)kn and ItB amount can be mea8ur•d rellabty. l•gaGy Inci¥n8 IJ Mccgnltad when rac•lpt18 prob8bl• and •nlltrement18 tablIshed. In¢ome from deat wdÈ Is m8&8ured ai lh8 fair value of the goods unla88 thIB Is Impraetkal M0 rallabty. h whkh case ts value Is defv•d from the co•t to tho &)nor the 8MOted r8oale valuè, Donatod ladlllle8 and 8oNIGo8 ore raGogn180d In the 8cMunt8 when r•cdved If tho valu8 ran bo rellably mo88ured, No imounts aro Inoluded for the sXrtrllyJtlon of genoral vOlunra. Income from ttJntra(Xs for tho 8uppty d 84Yvlces Is recA)gnlsvd the dellvery of th8 cthmclod 88rvk•. Th18 Is clagamed 38 unrestrfcted fimds unless Ihorn Is a Gontr8du81 r•qulrgmont lor St ts b• •pent on g p•rtl¢ular pu0¢6 and rrned If un8pen( kn whlth ca8• It may b• Mgard•d 48 restr*thd. Exp8ndiur818 recogr48•d on 8n ae¢ru818 b¥8h 18 a liémty Is INrr0d. Exponolture any VAT vthlch canrNA be raed, and 18 eths$lfied undor he8ding8 of th8 8tatsment ol financlal 1cl183 tp whlth ft ralate8: •xp•ndjI on rdolng funth Inf0• the costs of all futhlslng actfvJ, Ovts. non. dwhblo Iradlng and th8 rf dDrwl8d good& éxpendliurn on ¢hodt8blg athlllo8 all Incwred by a tharfty In undartaklng that furthor Is tharftable alm8 for the b•nofft of b9neflcIarf [ltIng tho88 Swport ¢ts and relatlw to th• gfftrnan of the charfty 8PPOrtlon8d to ¢harliable othw oxpeNllture kncludes all expgndlturn that 18 n•llher r•Fal8d to ra181 fimdj for th• charlty nor part of K8 wendlturo C charftable aclmlleg. All costs are allocatod to axpondlture eatagorkn rnlectlng th& use of the reuo(¥ce. Dlr8Ct costs attrlbutable to a SIM9 a• arn allocated to that actlvlty. Shared costs arg apportlonod betwaen the 8GtsvMl88 Ihy contrlbute to a roa8onabl8, Ju8ttll8blg and (xJnthl8nl bAsI•. Tangl>l• lItI raTIble 8$88ls arn Inwally recorded al and 8ubsequgntly Slated at (x>st 1885 any 8ccumted (knwedafjon and Impalmml 108888. Ary tsngle agsets canled at revalued amounts 8re recorded ot the falr v8lug at date of rmlualion 1888 any 8ub8equont a¢c¥multsd depro¢latlon ond 8ubsequent aUMat8d knpalm?ent105808. .17-
Bangor West Congr8gatlon Of Tho Presbytorian Church In Ireland Not8S to tha Flnanclal Statem•nts (conthu•O Yur endod 31 Dacember 2022 A¢¢ountlng polklu lemthwdj Tanglbl• An IncThas• In the ¢ng amount of an a88•t as a ro8uIt of a raVaakn, 1$ roc¥)gh18éd In Olr recognl8ed gfjlrn and106fj•9. unlebs It rever8es a dwge for knpalrnwnt that hft8 pr•Aously been raMgnl8ed as experKlllurn vAthln the #taiement of firArKial A dpcrea80 In the canJl amount of a$sol 88 8 ra8uft of rwaluatlon.18 racwnbad In other rocoonf88d galns and1086eS, cepi to whlch tt any prevkxJ8 revaa galn, In 1r case Ihe Ios8 Is sh(Mm thIn other rewn189d 9akna gnd IoJq88 oh the 8tatemont(rflln8nclo1 actMU8B. lJ•prwlatlon . Deprec1 18 llYu18t8d •0 ao to wrllv off the Gojt or valualton of an asaeL leB8 It8 rosldual value, over th• usLI e&yw)rnlc Nf8 of that 888at u folk). 25% stralghl Ilne EqulFXTr•)t Imp4rnMnt otfix•d •s••t• A revlow lor kktorS of Fmpolrnient l• carrfed out at 00th repTj date, wllh tho recovarabla amounl b81n9 88Umatad wheré such IndWor8 oxI8t. Whero t c•rTrlng value exrwd8 tho rgcov•rabl8 am¢unL th6 a8801 1$ Impalrod ac(xYdngly. Prfor Impalmient8 ar4 al80 revlewed for po$8lble rwornol al ea¢h reportlng Ilat•, Fry the PUfPWS of Impalmignt ta&fjw, vrtwi ft 18 not Posslble tr) •8tlmato the rKovorable amnI of an lrn1ldu 8699( An 63tlmata 18 madp of the romr8ble amount of th• cash- generatlng unlt to wNch the aa8et beknngl. Th• ¢a8h4Jènar•tlr4 unlt18 thè 8m811881 Id8ntlllobl• grnup of a88ets that Includ08 the 88nt and gonerats8 ca•h Inflow4 that iargety Indapendent of tho cash hfiow8 from other abeets or groups of 08ts. For Jmp81rn)ort tejtfng of gooeMII, th• gothlll a¢gred In • buthe•8 wnbIrllOn IB, frn the ae4ul8ltlon date, allocatsd tts Qaoh of thè ¢a8h.98nerallng unltj Ihat v8 axpootsd lo b8nofi1 from the ¥>n•rglas of comblnallon, trfe8pacOve of whother othor a688ts or Ilablllt108 of th• charfty ara 8sBlwod lo IhoTe unl18. Ddlnod ¢onlrfbulk>n pla Contrlbullon8 lo d8fin•d contrbuts) pl8 am racognl8ed a8 exp80 In tho p8rfod In lch th• relatad awvlc b provthd. Prepald oonlrllxrfa aré r6cognts¢d PA 8n a886t to tho exionl that Iho pr8pa>Thentn hod to 4 r•duclon In fuluro paymont8 or a Cash rdund. When contrM)uUons not •xp8ct•d to b8 88dl8d vtholly wFthln 12 months of tha end of Iho reportlw date In whlch thè employ8 rgnder tho rplatsd 89rvlL¥. the lablllly18 moasured on (ffiscounted preeent value ba8lB. The unw1ng of the dl$¢oLrf Is rncow188d 88 an expon8e In th• porfod In whlth It ar1888.
Bangor Wost Congregatlon Of Tho Prnstyerfan Church In Ireland Notos to th• Flnanclal Statements Yoar onded 31 D•c8mbor 2022 Unrootrkntad Rè8trfct8d Total Fund8 Funds Fund$ 2022 Don•tlon• Regular Dlrect Glr 336.194 34,323 2,8T2 83,630 96.148 35,041 61,364 2.872 88,D14 Ml8collanoou8 Incom• Glft Ald FuAough Inoome 24,384 L•gacl•• Legaclos 5.lJOO .000 Qrnt• Grants frNn ohurth organ1¢nO 2.110 2,110 other doTratloM and l•ycl•• Trangfor of 8ssats frfi KIIGool8y Pr88bfvlan Church 438,929 180,573 599,502 UnMthct•d R08tr1ctod Total Fund8 Fund8 Fur¥ls 2021 Donthm Regular Dtreet Gfvlng Donallon8 m18m1knUa Incorno Glft Ald Furfough Income 109,824 52,461 469.858 89.0>6 2,979 98,809 18,615 2,979 29,679 L•qa¢l 3W223 308.2ZJ Grnnts Grants from orginaUon8 oth•rqlonatlon8 and l•pcl•s Transfor of assetg from TrleY Prgsb>tsrfan Churth 1.301 5,867 197,951 290.292 1.230,082 1,032.111 -19-
Bangor Wast Congrngation Of The Prèsbyterfan Church In Ireland Not8s to the Flnanclal Statements (¢onllnHoy Year ended 31 Dgcomber2022 Charftablo actlvlll•s Unrastrfctad Rextrlctèd Total Fund• Funds Funds 21)22 Congregatlonal athrfU•8 Org8nlsatlon8 BawrW681 NThry Pla>wp 13.862 29.623 65.499 85,122 29.623 13,862 98,•84 Unr•81rfcl8d Restrlcted Total Funds Fund$ Fd3 2021 Corwag&don818ctl¥lO•8 I@an18110Tr8 BorvJar W•8t Nur8w Plare¢ 18,485 18A85 21,781 80,401 98,e67 21,781 60,401 82,182 16,485 6. Inv•3lm•nt In¢om• Unre8lrfGted Rabtrlraed Total Fund• Fd Funds 2022 Bank kntUe8t rocelvabl 1.988 406 2,421 Unrostrf¢*ed Funds Reblrfcted Total Fuftd8 Fund8 2021 Bank Intwejl recelvabl• 1.148 619 1,767
Bangor West Congrogatlon Of Tho Prosbyterian Church In Ireland Not06 to the Flnanclal Statoments (gonlthu•dl Ywr endad 31 Decèmber 2022 7. Exp•ndltur• on Charm10 acllvltlm bylund typo Unrn8trfthd Reitrlctsd T•tsl Fund• Fund$ Fundg 2022 CMmtlonal Actlv5tles & Mlnlsty Mlssion & 0r03 Youth & Chllth•n Nur48ry Plffjyroup Churoh OrganlAallon8 8upKtrI costs 431223 118.CA)O 86.613 549323 86,813 6,371 59,614 29,949 2.640 734.310 6J71 59,514 29,949 1640 294.076 Unmstrlcled Ro8trlcted Total FundB Funda Funds 2021 Congrytlonal Acdvll•8 & Mlnlstry Mlsslon & Outraae Y(xrth & Chlldren Nurnery PgYoi Clwrth Orgarthtlons supwl co8t8 3fl.347 128,818 68,438 494,185 68,438 11215 65,265 19.588 2,400 881,021 11215 e5,265 19,538 2NOO 3eo,982 280,089 Exp•nthtUrn On ehariiabl• actlvftlo• by thlty lyP• undertaken dhctly 8PortcCth Totsl fund• Total fijhd 2021 Coryr•gatlonal A¢lMllu & Mlntsty MI89k & oUtrCh Yrrtrfh & IktroTh NUrY Pl(0Up Churth thg4nlsI0ns 649,223 85,613 8.371 59.514 29.949 494.1e5 68,438 11,215 85,265 19,538 2,400 801,021 86,613 6.371 64614 24949 r31,870 734310 Not l•xp•ndlturnylnofAn• Not (eWKlltur•ykncomo18 8tatsd after clwgkngl(cr•dltlNJl. 2022 Fo80 Pble for th• audlt of lh• flnarKlal statents 2,400 10. Staff cojts The avar8g6 head ol •MpIo88 dUrf the year wa8 21 (2021.. 21). No 8mpkn>po rgcelvod •m0Y60 benalM• of than £80,IX¥J thrfng tho y88r (2021: NII% .21.
Bangor West Congregatlon Of The Prosbyterlan Church In Ireland Nots3 to thè Flnanclal 8tatsments Yèar Ond 31 D8c8rnbgr 2022 11. TTusl•• romunérallon and •xp•nuo• Rev Chwla6 M¢MLAlen recolved remuMrallon of.fA8,362 (2021 £47.2981 penslon ntr11mlIk> of £11.808 (2021 £11,352) and •xpen8e8 of £7.383 (2021 £6242) duTlng the >wr. 12. TrnMl•r• bthi•M fvnd• Tran8far8 from Ihe Ganwal FLmd to a named fund are dlscr8llonary. Such tr81• arn agraod by the Commlll8a ar Se88ion. Tho followlNJ tranifer4 m•Ye durkng 2022: - £420 from No1 General Fund to No3 UhItl Apal. - £15,orx) fffxn No1 G8wal Fund10 No7 & Oulroach. - £S,OQO from f401 Gen8ral Fund to No8 Y¢ung We61 Fd. - £302224 frun No1 General Fund lo G•nwal Fund R¢8•rv•. - £21.600 from Gengral Fd Reserve to No7 Ml¥sbn & Outr•ach. - £4.000 No7 Mlg8lon & Outreach to No3 Unlled Appeal. . £284,fJ)O from Kllcoohy Fund lo Kllcooley Fund R8•ffi. l¥. Tinglbl• flx•d a•Mt• Land ond bufrtlngs Equlpmont Totsl Co•t At l January 2022 and J1 D•nb•r 2022 D•pr•el•Uon At 1 January 2022 31 Drnts•r 2022 Carrylng amount At 31 D•c•mb•r 2022 At 31 Decombor 2021 700,171 12,038 712309 12.038 12.038 700,171 700,171 700,171 700.171 Freelwjld pnpoty nlqlnS tsw) of aeaéts: ¢hurth proth and Msldontlol propty, Church prop8rf188 arn the IlIdhrys u8ed to carry out tho acllths Df the church. Th•y are ¢anknJ al cog14nd deprKiated over tholr tIMat8d economlc life of 50 year8. As pert of Ihe tranBltton to FRS 102 thls da88 of propwty18 deamad lo bo ftilly wrltten off and havkna nll carryhg va8 on a cost bAqlB. R88ldenllul proportl•• Indud• th• and the propety at 93 Crawfordskn Road. Sh prop8ty18 ai markat va• In ¢xord&ncg FR8 102. No dapraclallon ha8 boon appllod a8 the propertl•8 ar• 8ubJ8¢1 to r89ar malntonanc• lo malntaln thetr valu•. The ManBO Is valugd 81 £360.0(¥J Tho wopgty al 93 Crth%trd8bum Road 18 wlu•d at £350,171. Tho tlll) of the proporty Is v88tad In the Educallm Board of the *d8 Pre8Wry who hokj Ilre priyerty In trust fur Barwr We8t Cmgregauon of tho Pre8bfvrkn Churth In Ireland. .12.
Bangor West Congregatlon Of Th8 Presbyterlan Church In lrnland Nots8 to the Flnanclal Statement8 (¢•nthu Year ondod 31 December 2022 14. D•btarn 2022 Pryynents and acclued htsjmo otr debtor8 056 24520 31.5B2 7,403 25,217 32,620 16. CT•¢lltsrn: amount• falltng du• wlthln on• y••r 2021 AccMl8 and d8f8rr8d Inajrrro Othor credIrG 2,400 1.058 3h58 16. P•nBlons and oth•r pv#tr•tlr•rn•nt b•n•ftts D•lth•d Contruln pn• Tho arnnt r•¢agnl88d In In¢om8 or PendIUm 88 an axport80 In rdalknn to doflngd contriA10n plan• wa• £11479 (2021: £11405). D•lln•d b•n•fn h•m• Th minhter ond assoclate mlnl8t8r Df thg c4xvJregatlon mamborn of the Pro8bytorfon Church In Ireland p10n Sthwn8 (2009). Th18 18 a 8¢home operated by the Presbytwlan Church In Ireland, a 38parate rogl¥tw8d tharlty. The naOn pay8 an 08888ornenl to tho PM8ban ChurGh In Irelarxl •qulvalant tp the emplots p8nJlon oontrlbullon for the S¢h#ma and ba• on th• 8tlp•ndi pald. Pre8Wrfgn In Iroland PBnth Sth8m8 (2009) lo a fvndèd Scheme of th• dned benbfjt typo. pTovml doflned b•ts baled on av•Mp8 revolued galary. Tho sc• as8•ts hold In a aoparntsly admInlwl lund man89ed ty a board of tru8t¢eJ. Th• PMbytort8n Churoh and ts S¢hém• Trust898 havo agreod a plan to eniurn the sGhO Is Sufflclenlty f(mded to meel currenl arKI fulurn obngatlons. A formal 8chedule of corttrlbLrtkTh was dravm up on 25 Nrnber 2015 er•bY Iho Pre8Wgrlon Church agreed lo pay from 31 DeCbar 2015 ¢onirWk>ng of 24% 01 pgn81onable salwl83 k+ covor Ihe of bonoflt4 for 8•rthe, exp•Mo•, Iho cost of In•urfno dopth In oer¥l(¥ bgnefftj and fundk& thè 8¢hgrn8 dofidt. T cc4lbulhiM madè by th¢ congregallon durlng the yaar for tho mlnlknr, a880clate mlnlster and deaconess w8r• £23,199 (2021 £21,153).
Bangor West Congregatlon Of Tha Presbyterian Church In Ireland Not•s to the Flnanclal Statements Year ended 31 Decembor 2022 17. Analy•l8 of ¢harltablé lund• Unr8strlctad fundi Al Tr8n8fern 31 D•¢ 2022 At 1 Jan 2022 Inoom• ExkwKlltura Goneral Fund Gen8rn1 Fund Ro8¢Th Flxad 8668t fund 8ulkifng fund Young We8t fund Kllcooley Fund Kllcoth Fund Re8arv• 425.676 419,624 (397.26n 1322.644) 280,624 125,389 260.824 700.171 2.080 (8,371) 1014 (22,536) (264.000) 44708 {14,080) 264.000 249.940 (440,234) (37.020) 1.406,926 700.171 3,185 31,408 1,428,4rJ 454,757 At IrKYJm• Expendir6 Transfern 31 Do¢ 2021 At l Jan 2021 General Fund Ganaral Fimd RagaNo Flxed agset furnl Bullding lund Young W68t luTr Kllcooley Fund Kllcodry Fund R08erve 717.588 (348.994) (17.1) 425.878 700,171 1,1100 1,388 700,171 8,027 323.589 (11.215) (22,753) 300,838 1,049.744 (380,982) (15,000) 1,428,423 RtrIcted fuDd• Al 1 Jan 2022 Inoonw Exp•ndliure Tr4n8fors 31 D•¢ 2022 BOr18n1 fu D6velopm8nt Unlted Mlg8lon & outreach lund Barw We6t Nr86ry & plffjgroup fund Glfls Brfoad• M8n'8 F10hIP Mum8 & Tots PalnllNJ ploa8Urn &lgado Pr•8byterfin W(¥Tn 907 147Na2 147.670 81,184 32,178 47,641 181,402) (36,598) (86.612) 4,420 32,800 18,784 6,520 $5,499 12,948 1,217 (SgA15) (14.721) (585) (179) {94) (9,954) 1743) 2I04 7,279 1a27 875 715 18 100 1.993 108
Bangor West Congrogallon Of Tho Presbyterlan Church In lrnland Not•8 to the Flnanclal Statemgnts Year éndod 31 DK•mbar 2022 IY. knaly•l• of Gh•rllabl• (Qonthlo} S8ttrd8y M•n'8 FelknwhSp TuesdeyTog8th8r S5¢8mtYe Club KPC Squam Cèrttrè KPC G1rf8 Brad8 KPC Youth Wuk KPC Frfend8hlp Group KPC Sund8y Sclvjol KPC Presbyterian WMi6n KPC other orgenlaatlon 1.667 3.390 1,518 1,365 OM17 4,010 (1,083) (1,518) 813 247 OD3 (520) 247 224 297 127 (183) (81 ) (294,078) 188 216 193,298 246,150 37,020 182,392 Ai 1 Jan 2021 Ineoma Expenthrn Trnnsfarn 310¢¢ 2021 882 147,670 Banovolent fund Devolopm•nt fund UNbd Appoal lJ8lon & cwtreooh fund Bangty Woll nur••ry & playJroup fund GJr Brlg8do Men FellowAhlp Mthns & Tot8 Palntbw lor plealur Boy8 Brwo Pre8ty9rf8n Women Salurday Men'8 FolkyhlP Tu8sd8y Together SycaTn(Th Club KPC SquBf8 ¢re KPC Glrl• Brfgad KPC Youlh Wort( KPC Fdandghlp G)up KPC Stmday Sthool KPC Pr68bJ*•rfan Wan KPC other orgoniBatk)rn 1.757 14e239 10TT 2,996 124 87,733 37,630 87,206 (999) (8B,302) (39.518) (68,438) 15.000 18.7e4 11,384 8.589 821 80,402 8,936 429 351 6,520 9,062 675 715 18 (&473) (575) 41 1,074 154 (93) (4284) (518) 5,782 470 199 1.724 (199) (309) (3.145) (1,031) {9Ql) 252 6,535 2,549 901 613 247 3,3KI 1,518 813 247 (12) 224 177,605 2W),752 (280.059) 15,000 193,298 -25.
Bangor West Congregatlon Of The Presbytorian Church In Iréland Noteo to the Financlal Statoments Year ended 31 Docambor 2022 18. Anal18 ol not agmts batw88n fvnds Unrestrlcted Re8trfcted Total Fundg Funds Fund8 2022 T*bl8 fixed ao88ts Curr6ft 8868ts Credftor6 less thAn 1 ar 700.171 708,395 (2.640) 1,405,926 700.171 890,787 (2.840) 182.392 1,58&318 182,392 Urntrlcted R88tr1cted Total Funds Fund8 Fund8 2021 TaffJlblo fixed ap89ts Current 888•ts Cr8(thtorn leBS than I 700,171 731,710 (3,458) 1A28.423 700.171 925,fA)8 (3,458} 1,621,721 193,298 a•8Ot• 193,298 19. Anatysh of ¢hang•g In n•t dobt At 1 Jan 2022 Cash IIM 31 D•c 2022 Cash at bank and In hand 8w2.388 (33.183) 859205