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￿.L￿I.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 Ic￿tinued)
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