First Presbyterian Church Belfast Financial Statements St Year Ended 31 December 2022 Cornmittee Report
First Presb}-terian Church, Belfast Year Ended 31st December 2022 Contents Page Rei'enue Account- Income Revenue Account- Eipenditure Balance Sheet Note5 to the Financial Statements
Revenue Account Page I 2022 2021 Income Note Offerings Ilncl. Gift Aidl Gifts, Bequests & Donations Hire of Church & Central Hall Special Projects & Charities Ground Rent Interest Received Interest Received.. Investment Accounts 15,841 1,540 13,050 2.902 323 14,833 1,335 10,655 606 12 io li 15.572 14.546 49,228 41,977 Rents: Shops Car Park 59,000 5,106 20,702 4,920 64.106 25,622 Total Income 113,334 67,598
R•venue Account Page 2 2022 2021 Expenditure Note Salaries Musician In Residen OrBanist and Oirettor of Music Pulpit Supplv Employers Pension Contributions Banham Choristers Travelling Expenses Housing Allowance Office Equipment & Expenditure Light. Heat & Water Advertising & Literature Social Functions & Gifts Organ & Music Expenditure Insurance Legal & Professional Fees Property Maintenance Cleaning Cleaning Wages Special Projects & Charitable Work Missionary Work 22,501 2.500 11,167 1.725 1,114 2,425 1.914 4,725 3,311 12.102 204 29,724 625 9,310 300 1,609 4,875 1,488 6.3CKI 2,655 8.158 420 2,409 968 1,762 6.540 2,979 18.678 3,546 1.560 1,883 1,250 6.158 2.670 16.006 3.994 1.560 4,758 1,250 io 102,881 104,630 Agents Cornrni55ion Legal & Professional Fees.. Shops & Car Park M3inten3nce.' Shops 3,078 662 945 5,778 1,607 Total Expenditure 108.659 106,237 Net Surplus / Deficit 4,675 38,638 Net Incorne I (Deficit) for Year, All(Kated Manse Fund Organ / Banham Manse Music Fund Central Hall Fund General Purposes Fund Rafiki Charity Fund Kennedy Memorial Fund 7.138 17,7131 27.629 121,1701 11,2101 5.320 17,1871 16.3881 29.1381 11,2451 4.675 138.6381
Balance Sheet a5 at 31 December 2022 Page 3 2022 2021 Fijted Assets Church 8uild¢ngs & Grounds Shops.. 33-39 Rosemary Street Note 1.025.( 850.CXIO 1.025.Ll)O 850.(X)O 1,875.¢XKI I,875,0 Manse Fund Investments Ulster Bank Ltd.. Business Reserve Account Ulster Bank Ltd.. 6 Month Money Desk 64,294 57.156 64.294 57.156 Or8an Fund Investment NS&I.. Or8an Fund Account 22.581 30.294 22.581 30.294 Central Hall Fund Investments U15ter Bank Ltd.. Business Reserve Account NS&I: Organ Fund Account 77.018 7.713 49.914 7,187 84.730 57,101 General Purposes Fur Ulster 8ank Lid. Current Account Ulster Bank LidL.. Bu5ines5 Reserve Account 1.534 8.577 1,923 29,358 io.iii 31,282 Rafiki Charity Fund National Savings Bank.. Investment Attouni 42.542 43,752 Kennedy Memorial Fund Ulsrer Bank Ltd.. Business Reserve Account 95 Total Assets 2.099.355 2,094,680 Financed Bv- Capital Fund.. Current Funds.. 1.875,COJ 224.355 1.875,OCKI 219.680 2.099,355 2.094.680 The Accounts were approved by the Annual General Meeting on= Mr Desmond McKeDwn Chairman
Noies io the Atcothrt$ 31 December 2021 Page 4 Flxed Assets Chur¢h & Grounds Central Mall Fumishln8s & Equipment Totsl Valuation at 31 Dec. 21JOI 225.tKK¥.IM) 850,OLK).(AJ 1.875.¢JX).00 Net Book Value At 31 Dec. 2022 8C.LI.C 225.IMI.LKI 850.(XM).(KJ 1.87S.(£I). Churth and Church Propertles Frazer Kidd and Partners, Property Consultants, vauled the above properties ai Open Market Value as at 31 Oecember 2001. The valuation of the central hall and shops as a combined unit as at 31 December 2(X)I was £1.875.LW. Furnishings & equiprnent have not been valued and Consequent ale not included above. 2022 2021 Capital Ftsnd: Fixed Assets Balance at 31 December 2021 and 2022 1.875,¢XKI 1,875.IX4J Manse Fund Balant¢ at 31 December 2021 Add.. Investment Income 57.156 11,863 69,019 51,836 11.620 63,456 Deduct". Housing Allowance Balance at 31 Decernber 2022 4,725 64.294 6.300 57.156 OrK•n l Mu51¢ Fund B31ance at 31 December 2021 Add.. Investment Incorne 30.294 102 30.396 37.481 75 37,S56 Deduct.. Organ. Music & Banham Chorister5 Expenditure 7.815 22.581 7.262 30,294 Add= TTan5fer from General Purposes Fund Balance at 31 December 2022 22.581 30,294
Notes to the Accounts 31 December 2022 Icontinued) Page S 2022 2021 Central Hall Fund Balance at 31 December 2021 Add.. Investment Income Rental Income 57,101 88.489 325 64.106 121.532 16 25.622 114,126 Deduct Expenditure.. Property Rentals Insurance Property Maintenance Cleaning & Cleaning Wages Light, Heat & Water Office & Professional fees 4.578 2,365 11,520 4.581 9,078 4,680 36.801 2.140 2.016 13,193 4,219 6.292 4.165 32.025 Balance Deduct.. Transfer to Church General Purposes Fund Balance at 31 December 2022 84.730 82.101 25,000 57,101 84.730 General Purposes Fund Balance at 31 December 2021 Add.. Offerings Gifts, Bequests & Donation5 Hire of Church Investment Income Special Projects & Charities Ground Rent Interest Received 31.282 35,420 15,841 1,540 13.050 3.243 2.902 323 14.833 1,335 10.655 2,831 606 68.180 65.682 Deduct Expenditure.. Remuneration & supply Employers, Pension Contribution Office Property Maintenance Light. Heat & Water Advert15ing, Literature & InteTe5t Social functions & @ifts Insurance Cleaning & Cleaning Wages Special Projects & Charities Travelling Expenses 35.392 1,114 2,501 4.486 3.026 204 2,409 3,793 974 4,758 1.914 60,569 39,335 1,609 1,469 5,485 1,866 420 968 3.990 886 1,883 1,488 59,400 Balance 7.611 6,282 Add.. Transfer from Central Hall Fund Adtl.. Transfer from Organ l Music Fund for musician in residence 2020 Adjustment 25.LK 2,5LNJ 8alallce at 31 December 2022 io.iii 31,282
Notes to the Accounts 31 December 2022 (Continued Page 6 2022 2021 Rafiki Charity Fund Balance at 31 December 2021 43.752 44.997 Add.. Donation5 Ilncl. Gift Aid) Investment Income.. Interest Received 41 43.792 45,002 De(lutt'. Missionary Expenses 1,250 1,250 Balance at 31 December 2022 42,542 43,752 Kennedy Memorial Fund Balance at 31 December 2021 95.51 95.50 Add.. Interest Received 0.21 o.oi 95.72 95.51 Deduct: Gift to Sunday School Balance at 31 December 2022 95.72 9S.S1 Gifts, Bequests & Donations FaceBook Donations 29 PayPal Donations B. Browne 261 C. Kenny Probus Club Dungannon 50 Total 1.540
14otes io the Accounts 31 December 2022 Ictinued) Page 7 io Special Proiects & Charitable Work Income Ejtpenditure Charity Collections Ilncl. Gift Aid) Carol Service Collertion Ukraine Colledion Freedom Eveni Welcome Or8anisation Allheimers Societv Malve¥n Primary School Mae Murray Foundation Extra Care for Eldedy People Nl Hospice Care Parkinson's Disease Society Nl N.1. Children's Cancer Unit Assisi Animal Sanctuary Book Trusl Nl Chest. Heart & Stroke Mafie Cur¢e Cancer Care Disaster Emergency Committee Ukraine Benevolent Fund Freedom Event Sunday School FuDd 5usrention Fund Trustee Company Furbd Joint Incid. & Mod. Fund Minister5 Widows Fund 8odel Mackeniie Ben. Fund Orphan Society Porter Fund Christian Ministries. Fund 199 355 1.764 80 80 355 20 21(X) 58 430 io 315 2CKJ 50 250 Total 2.2 4.758 li Investment Income Stipend & Ministers Fund Manse Fund Music Building Fund Flower Fund 8rgan Fund General Purposes Fund Sunday School Memorial Dividends Cenlral Hall Fund Rafki Charity Fund 417 11.863 56 17 20 2.780 27 349 41 15,572
Hire of Church Buildings l Grounds Page 8 Nl Opera The Belfast Ensemble Ltd 3,095. 1,050. 900.CKI BBC Philip O'Rowe 12 Step Group Truth Recovery Process O. Lucas 230.CX) 1.2C(I.c 30.LXI 40.CX) M. Greer 75. S. Richmond 12S.(K) Hat Trick Productions 780.(K) European Piano Teachers Association Guide Dogs For The Blind G. Danby Genesis 16 250.1) 80. 2.665.00 160.(K) Edinburgh University Choir Cathedral Quarter Trust Belfast Philharmonic Society Belfast Music Societv Belfast International Arts Festival 95.C 200.IKI 140.00 100.00 120.CKJ An Droichead 345.00 Rebecca Murphv Reclaim the Light Rev. A. N. Bell R. McGinley S. Beet U15ter Orchestra Ulster Touring Opera World On Fire 35.C 50.00 425.00 75.00 40.00 75.00 270. TOTAL 13,050.00