Pag• 5
Exchange Church Belfast
Company Llmlted by Guarantee
Stat•mont of Financial Activiti
(including incomo and gxpgndituro account)
Year ended 31 December 2019
2019
2018
ToL•l fund• Total liinds
Incom• and •ndowm•nts
CknatK)ns legacie$
92.218
53
7,900
92,216
53
7,900
83.639
35
5,040
Olh•r irKom•
T•i•l In¢¢m•
100.169
100.169
88.714
Exp•nditur•
Exwridiluiv vii cli*iilablll
Tot•1 •xp*ndllyr•
85,188
8S,188
75.81
85.168
75.816
N•1 In¢om• •nd n•1 mo¥•m•ni In fund•
14,981
14,981
12,898
A¢¢oDclll•tion ol lund•
Trjldi luiiJ. L5uU JI,.1 .u1￿￿[￿
Total funds carrmd lorward
4E.20B
48.208
63.189
63.189
48,20
Th¢ $lalom¢nl ol lingnc￿l acliYilKs Indu[￿?1 all gains aFMJ ￿$#￿* Ivcogni$¢d In y￿.
All w)¢oiiie ond exp￿a￿Ule der￿￿ li¢)m wntsnu￿9 acbviiies
ThÈ nol•• tyi p•sie> 7 10 12 torni p•rt ol IPe*e lIn•￿I•l *l•len*nts.

Exchange Church Belfast
Company Llmited by Guarantee
Statement of Flnancial Po8i¢Son
Pay? 6
31 December 2019
2019
2018
Flx¢d
T￿gIble fixed ass•ts
13
2.)74
476
Curv•nt
thbtof
Ca￿7 dt ts￿k •rKI in hand
14
5.632
68.477
5,2G2
43,812
64,109
49.074
Credltor4: *mounts f•llln9 du• within on• y••r
N•t curr•nl M%•ts
Is
3,294
1.342
60,815
47,732
Tolal •u•ts l•u ¢urr•nt li•bllltl••
63,189
48.208
63,189
48,208
Funds ol th• ch•rlty
Unr*.8lrKled lunds
63.189
48.2Q8
Total ehirlty fiinds
16
63,189
8208
For the y•ar enOIiig Jl t)gc•mber 2019 IPW charty WBS e.ntrtled io 0x9mptK￿ from tsn<Joi wcbJn
4 KT vl th• CompgnLes Acl 20￿ i•latsng io wilall
Th• menibefs r•qLiired the 6[￿PanY to obl8in an oudrt ol rt• fin4nrwl Sla1￿￿11$ loi Ihg
Thp dir•.ctnrs ackn¢)wl¥rJg• Ih•ii iespoiisibilii￿s lor conN)lying willi IliL iequir•m•nls ol the A
wrth to accouniin9 •rKI Ihe prep01al￿n ol fin•nciMI staiemenls.
Irthe lI￿ncial slvjlemonls h4v• boen wepared ￿ Kcordanceb wilh prvvwiw• WpIub￿ lo
companits lo small corrip#ni•s' rtyime
TIKJ¥4J I￿4￿cLaI ￿￿t￿Men1$ vrnre approved by Ihe t*wrd DI Iwusl•*s and wllK¥i¥wl for l•w• on 21
Sepl8mt* 2020. •nd are 8*Jned on b•half ol Ihe board by
IAr P Jordon
Trust￿.
MIAGTO
Truslefr
Th• noto• P•9B¥ 7 to 12 lomi p•rf fi￿ncIlI •lat*NYnts.

P•g• 7
Exchange Church 8elfast
Company Llmited by Guarantee
Not•8 to th• Financlal Slaternonts
Year ended 31 Decomber 2019
G•n*rnl Ink+rniallo
The Char￿ * a PLthk enlty arhj a pri￿410 limrted by guarantéé. f•g45torod in
Norlh•rn Ireland and a rogi¥lered charty in Northem IrO￿nd. Th• addrnu ol the regis*reO offte
1$ 179-187 Alb•rtbr*p Road B¢rfa$i. BTS 4PS
Sl•twn•n¢ ol compll•n¢•
Theié financial stalemènls hav• be*n prp.r*red In c(NnpliarKe wrth FRS 102, The Financial
Reporiii)y StAndord 8r¢Jliuble in lh• UK and the Republic of Ir*laftd'. tho St4t•ment ol
R¢commendwJ Prnctic• •pplicJJbl* io chai11￿5 woparmg th•ir •ccounis in ac¢ordan¢e with Ihe
Fin•ncial Reporting Starxl4fd applicable in the UK and R6publiG ol li•lBnd IFRS 102) IChwiiits$
SORP IFRS 10211 Jnd the CompW￿# Act 2006
Accountl*g polkl
BMI• of pr•p•ration
The financial 5talem•nt• h•¥e been prépared on lh• hiiloTical CINI hsis. as m¢oilityJ by the
re¥JKJat￿n ol coilam lin￿t￿l and Iiatmlibes and iDY•sbn•nl propertffjs r￿asU*e￿ ai lail
va￿& through inc(rfne or •￿P￿ditur+.
Th¢ fiiièiKidl >ldluiii¥iiL& Vl*kP&i"éd Hi fAriliiiy. bwlil￿a ￿ Ui¥ IuibLlional curr•ncy of 411¢ wihly.
Golng ¢on¢•m
Th¥vg •r• rKTr mateTTral lilKerta￿l￿ts Al)uul thq ch•rlty'J to ¢onl￿ve
Judg•m•nty •nd k•y of ••tiffl4tion uThc•rt•inty
Th•. prepaiaiivii ul Ilip linjnc.￿l qtnl•.menls it4¢Jiivs Iiwii¥Jemont lo make luttgements.
pstirn*fp* .2nd ?tqllTI)PIITSllt Iheil th• amniinlr rppDrtpd The%h
iè conlinu•lly r*Yièwert 8nd art bas¢.d vri ¥xperwnc• •rbd other factors. Ir￿1￿lIng ex￿￿tIonS
ol lulure evenl$ that ar• bdieved lo be ￿•Sonabl* un(Ivr the ￿r￿um￿lanCe1.
Fund a¢¢ounting
Unrosiiictod lunds Af• &v•ilJble lor ulo al th'scrntion ol the tfU4tees lo funhei any ol Iho
ch8fity's purpos86.
OtSl9n41od funds are unreJln'ci¢d funds e*M•￿•0 by th• trublwa for F￿1ClI1￿ fLrturv project
commrtmenl
Rellfthd lund$ 419 S￿1'•Cl•d to restr￿lIonS on Imlr •xpwdilur• d•d•r•d ty the dmor Or
Ihiwgh the temis of ￿ 4)p•al. and irrto one ol I￿) sub classes. r¢SIr￿tsd inc¢m• lunth or
eiid(ywinvnt lurKIB_

Exchange Church Belfast
Company Limlted by Guarantse
Notes to the Financlal Statements (¢tythN
Year •nd•d 31 Decembor 2019
P¥9• 8
Accounting polklo* (eom
Incoming r••our¢
I Incomm9 resou1￿5 are included in thè 8tat•n*nt of financial actNities when entrtkn*ni h•ts
pass¢d lo the ch•nty.' Il 1$ prDbable Ihgt Ihe econcffjic bènefrts a$$ocièted with the transaC￿n
will fi(￿ lo Uiv Gh4brty 8nd Ihe amounl con be relmbly mo•sur•d The folknwity specific
•re appjjed ￿ Pa￿¢$j￿r Gat•ww ol xknne..
Income from (kwwtKin• or 9r#nis Is 1gcognis•d when IWe Is evNl•vKe of enlrtkmenl lo I
Qift, 18 ryof)abk* and ils amouni can ￿ rn•asufed reliabty.
cy income is ￿¢09￿1*•d when rec￿0 Is piobabl• *niill*ythi Is ￿ts￿lI￿h•d
InrAMn• I￿rn donaled gocrfJ6 is ￿￿.￿sUIL¥j 41 th? flir vaKJe ol thè 9rAidA unl•.ss th￿ 1$
impractlLal to mèp¥vre relk4bly. in which c4$e Ilie valLSB is dprivpd trom t￿ cost to Ihè dtsnt)r
or the e8lim•t•d r•a•le value Donal•d facilit￿ an¢J servK•s are recoonistd ￿ th•
¥ccounts when ftcwvqd il th• v4lue c40 bB fqlwbty m￿sure￿ No •mountB •re included lor
the ¢¢ntribukn ol general ¥olunte•rs
#icom¢ from contrxts for iupply of i* r•co9nrned wth the d•liv•ry of Ihe
r.oiiirdilv¢J wivui This 4 i1%￿¥111￿j a• unre$iric(thl luii¢Js un*•as Ihere WlhL¢ilLtual
requwement for li Ic* be sp•nt ori • p•rt¢ul¥T puw a￿1 rebjrrxd rt vn•p•nt. in whth ¢•
li may be re9Brded as ro51iKted.
R••oure4• •¥p•nd•d
Éxperbdthirp. i* ree£KJnwl on frn basis a5 a iq Ineiirned lypenthture inr.Iiirle.s ipry
VAI whith cannot be fully rO￿¥•r￿d •Trd Is cl¥¥%rfiod under headings ol tho •l•t•ment of
financial tthilie5 to wh*h il r¢lalos.
txwidilure on ii?Isiiiu Iv114Js inciuoè* Ihe ¢v¥ts' vl all tundiNisin9 ac￿￿1￿￿¥, ov4nt%,
non<haTrlabl• trading •th'¥rt*s. and tho ol (knnaied gocKI¥
ebKFwYlrtur¢ ori ch•ril•bkn acilw1￿9 Indudrt all e041A i1￿111[0￿ tly ¥ chanty in undenaking
clivitieB thAT fiinher 11$ ch•rit4bl• 14ims lor lh8 berbth ol its bp.nefriafies, Including thoye
6uppoil ￿1$ and costs r¢l•iing to th• wvftmance of IhB charty aPFMir￿1ned lo chwilab
other expendiluie inclLKlÈs 811 exp6¥1dilufe Ihal 13 neither rela1￿ to raiwn9 funds lor the
ch•rity nor parl ol 11$ oxpendrture on charilable actsv￿.•S.
All costa Are 8llocalod ID •xpendttiJr• cotegoiios retlvcting the use ol thb rgsourcA Dlrèd to$ts
attribulablu lo a single activity ale allocated direcily 10 Ihal •Etwtty Shared cosls ar6 aPPOrtionod
Lwlween the ac11￿b9¥ th•y contri￿le lo on a reasonable, jusb'fiablo and ￿n￿l￿en1 basi$.
T•nglbl• as8•t•
All fix￿ aSSVts ir• inilialty rexordod Go•1

Pag• 9
Exchange Church Belfast
Company Limiled by Guarantee
Nots8 to tho Financial Ststsmonts (cwJthR¥•¢
Year ended 31 December 2019
Accounllng polkl••
Depr•cl•ilon
D•v￿lats￿ ts cakulaied $0 as ￿ w(rté off th• ¢osi N valua￿) of ￿ a$sei. less rts residu•l
v•lfft. over the useful ¢¢onomt lrfe ol th•t asw Js folbw•.'
FLxlur¢$ a￿j fittinps
15% Stra￿h1 hne
Impabrm•nt ol f￿•d aM•t•
A rnvi•w lor indutc￿ of vnwirm•nl is cwriid out 41 •4ch r•FQrtmg dal•. with rwAJv•rabl•
amount boing esbmaled whoig SLKh IndKalors OX￿1. iho Carryi￿ value oxceeds th•
recoverab￿ arnounl, the asset ts Impaired ac£¥)rdmgly P￿r mpwrmenls are W•0 for
possiblè rèversal At reFxwling d81•
For the puq)oMJ ol imp•1fm￿l lesM9. Y*hen il i• nol pos11)Ki lo •stim•t• th• r•coY•rnbl•
amount of bn indwJdu•l assel, an •&timat• li m•J• of th• r•cOV•rab￿ ar1￿￿nI ol th•
C4sh-generaling unil lo whKh thg 4SSOt belon￿. Tho casli-gonoiabiw 4Jnil Is the small¢*i
111rfoble group ol assols Ihal Includes the asset and oenerales cash Inflows Ih•i l•r9ety
I￿r#1¢h1 ol Ihe c••h inlkms frcrfD asse1$ or grouw of •89el$
kui 4111WdiiiiKsiiI ul kswJ*i51. Iliid wudwiu dwuiivd iii ￿ bu¥11￿>) ¥viiibiiwlivii i¥. 11
acquisiuon dale. allocated 10 each ol Ihe 9eneraling uniis that are expecled to ben•frt from
thè synergies of the combination irresp•clive ol whether olh¥r •559lb ui Iidbiliimjs ol Ihc cPiaiity
asts￿￿0d lo Ilwx• unrfs.
Fln•Thclal In•tTum•nt
A finxnr.ir41 •N**I nr A flnnnr.i￿I li%hility i* r*roqnii•d nnty whvn lh• ch•rity bpcumv¥ • p41ty Iv 11
contr•du•l wowbions ol th• inslrum•rbl
fin8ne￿I instrumenis are inrtwlty re￿9￿1&e￿ •t th• wnounl r•c•v4fabl• or y4y•tA¥ InduOin9
•ny r•l*lèd Ir•ns•ction costj.
urreni Jssets bnd curyent Ik4bilrties are sub5e4uenlty mu•ur•d al Ili• G*th or olh•r
c4Jnsi(kn•tM)n expecl•d lo be paid iiiKJ nul dii•LL)unlod.
Debl iTrslrum•nts aT• •ubMqu•nlly m••surqd •1 •rTWJrtii•d co￿.
ere investrnenrs in sh8re8 8Te miblirty trwJ•d or th•r fBir valu• can oth•rwls• ￿ nwiuréd
li&bty, the Invèstment is sub5eguentty rneasured at lair ¥a￿tr with clian9ts$ In faw ¥alu¢
iect4lfiil•UtI iri iilLXJiiW qlfKI ¥Xk4￿ll￿1¥. NJI 01￿ ts￿h th¥eslrY*nl$ subsequenlty me8sur•d It
cost less mp81rnenl
(Xher fnan¢xil instfumenls. derrrJlives. we inffj.ally recogntsed gt tslr v*lue, unl•$*
paymenl for 8n aseel is defefred txyond nomi81 busines5 1p.ms or financed al a r¥t• of int•re•t
Ihat 15 not a market rate. in wh￿h cas9 the a558t is rww4wrpd •lt thp piBsgnl Val￿ ol tho fulufe
payingnts discouni¢d al a mafkd rèie ol mior¢sl lor a similar debt In$tsumeni
bnanu81 iTrslr¢Jments SLrtMq￿ntIY mM8ured at t8¥ value. wilh any ch81)P88
r(Nwnised In the stalomonl ol financial activitsos. wrfh Ihe exceplion of ￿ed￿n9 instrLmenls In
esign8led he<lging rdJlK)n$hip.

Pag¢ 9
Exchange Church Belfast
Company Limilfrd by Guarantee
Notss to the Flnancial Statements
Year ended 31 December 2019
A￿0￿￿tIng pollcl•8
DpprKl•ilon
Dewxiatsm is c¥kulai¢(l $0 a• w wnte off Ihe cost (K Valua￿ of an ass¢l, less ity resKlu•l
¥•IL*. ovèr thè useful lrfe ¢1 Ih•t •ssel 8$ f¢lk)ws.'
F￿1¢3 arKI fittings
15% $lroyhi Iv)¢
Impalm)•nt ol fix•d tt*•t*
A loviow lof indrAtoTh of inF￿1r￿￿t bs Gwrwjd out 41 •ach rgporkng dalv. w•th t￿ reEo¥•rable
amount being esbm31od whoio SLKh Ind￿lOr$ oxisl. )knfe th¢ carrying value exceed$ the
recoverabk *mcwnl, the a$sel 15 Impaired a¢wdmgly Pwv mpjirn￿I9 •re •1$0 fib¥￿*•d for
possibl• At •ach f•P￿tIng dthte
For th• pufjJo￿ ol imp•imi•nt t•stMig. ¥th•n it i• not p￿1￿1• lo •stim•t• th• r•cov•rnbl•
mount of an indwjdual a56el, •s1imal• m•J• of tho rocovgrabl• arrKJunl ol th•
c4sh-generaling unll lo wh￿tt tho asset bfrk)ft￿. The cash-generaknng unil rd Ihe sm?Ilesi
Klenirf￿ble group ol asse1$ Ihal Includes the asset and 9enerales cash Inflo￿ ih•i
ir*rwJenl ol the c••h inllm frcrfn ollw JMei* or group of ••*•l•
acquisiDon d8lt, •lloc8ted io each ol Ihe cash-9enernling unit3 that are •xpect•d lo b•n•frt trorn
Ihè iynvrgiÉbs ol th¥ Lombinalion. iriv5WLlw ul wlivllivi ulliur dSbLl$ 01 liabili1￿$ of Ihe charily
ai• a%•wJt￿d lo Ihow unrts.
Finnncial lTr•trum•nl•
A frnAnc.i*l or A linunc.i&l liTrbility iq r•cognis•d onty whvn ch•rity th'urFbO¥ ¥ Poily lo It
Bos￿. financ￿91 insirum•nts are inrtolty r•cognt&•d •t th• ￿tsUn1 i•c4w4bl¥ ¢1 payatme i￿l￿oIng
•ny r•l*t•d 1¥4ns4ction coil•.
Current Bssets and Cur￿n• 1tr4bilrti•s are •ubsoqu&nlty I￿￿¥Ur0d 41 I￿ ¢41h or Olher
consi(Iwaton UYPVLted ID bv Pdid LX and nol discounled.
Debt iTrilrum•nts aT• subMqbJ•nlly m•Mur•J •1 •rrwJrtisod Go
erp. Inv•.41m•.ftt4 in 8hAfP.4 ANI. piiblicfy trnded or th•r fair v•lu• can olhorwtsé b• m•asured
reliabty. th• in¥￿trne￿I is sub584uentty m8asuwd at lair va￿& wilh Changes In lair valL•e
1OLtNiiised Iii income arKI ¢XP￿di1￿[Q. hjl otrf S￿h mve8urnnls we sub¥equenty meMur•d It
cojl le33 rnpjirnenl
Orhtr ffian¢)81 instfumenis, ITh￿d￿g deri￿lIVes. 8fe inth" Jlly rettJqn?$￿ Jt lalr Y￿￿•. unl•$s
ppympni for an asset is defefred beyond I￿rnal bu5bne55 lerm5 or fin4nc•d ¥1 • rate of intgTg51
Ihal ilD nvl 41 Wiliiwkpl ial¥. in whKh Cqw Ihv ilii¥•uI * rwiva$uiud al tho piès¢ni valw of the future
payments discounied at a market raie ol Inieresl lor a similar debt Instrumenl
Olhw Iinat)tsal Insliuments Big sL￿￿qUentIY mèa8urtsd at la¥ value. wilh any charoes
reco9nised In the statement of fina￿la1 auivitles. wth Ihe exception of ￿ed￿"n9 instriimenls in
dejignaled hEdgin9 rdlliv13hip

Pag• 10
Exchange Church Belfast
Company Llmlted by Guarant••
Not08 lo lh• Financlal Statements
Year ended 31 December 2019
A¢¢ounllng poll¢l•%
Fln•n¢l•l lfftstrum•nts iconi#MrndJ
Financlal ass•ls thal •r• m•aJured 81 cost W Wl)ortia•d cosl •r• r•vthN•d fof c*J'eciive evidenc6
of inp8Mmenl 81 ihe end ol oxh reporting date 11 mere Is obyecfvo ovMS•nc• ol impaimenl •n
impairm•nl loss is re¢￿￿1$￿j uthi Ihe approprK•le ￿•[￿n9 in the ¥￿1*mInI ol financi
rivil￿S In wliKlI Ilbp inthl g•in w89 recogno¢4
ror 811 tyulty Inilrur￿n1S regardlts8 01 8¥4nrficanG•. and olhef financial assets ¥•
indwidiiolly si9nifuiit. th95? ore •53e55ed indivKlually lor Impéiirnanl Oth•r finaThciMI 88sets
th•f as5•5s•d indwthialty or 9IOLwd orb th• ba515 of siniilw credit iisk CliswKkni¥tK•.
Any rpversab of imp4iim#nl af• rnetsanised Immed￿le1￿. lo th• exl•nl that the rever481 does n¢X
r￿Ul* in a carryin9 ankninl vl the financ￿1 assèi thit ex¢eeOs whal tho Ciirrying amounl woukb
ha¥? bo•n h•d th• imp4irnenl not prevth•ty b••n r•cwM•d
Limit•d by ou•rnnty•
Th• exffip•ry Is Imiitrj by guw•nl•• •nd no •ulhorMd Of ¥h￿ c•pil•l.
Donlllons and l?ga¢l•8
Unristrtted Total Fund• IlnrM1rited Total funds
Fijnos
2019
Funds
?oIA
Don•t•on•
76.345
76.345
15,871
G8.G46
14.993
68 $46
t4.9D3
Cyift 4#Y
92.216
92,216
¥J.bJg
lJJ.bJ¥
IDvMtm•fit Inc4MTb•
Vniesttrtsd Total Fund• Unre¥￿ed T￿81 Fund8
run0•
2019
Funds
2018
Bunk Interest
53
SJ
35
Oth•r In¢om•
Unr•ilTLt•d Tot•1 Fund• Unreslrtled T4)U F unrjs
F unos
2019
Furbds
2CI18
Ro¢xn hir¢
7,900
5.040
5.040
Exp•ndbtur• on ¢h•rftabl• •ctl¥ltb•s by typ•
Unrestrthd Toi•l Fund• Unr•slrthd Tol•l Fun
Funds
2019
Fu￿J$
201B
Suprth cosis
8S.188
85.188
75.816
75.816

Piq• 11
Exchange Church Belfast
Company Llmlted by Guarantee
Notes to Ihe Financlal Statements
Year ended 31 December 2019
Exp•ndltur• ¢>n ¢haritsbl• •ctlvltl¢* by •cilvlty typ•
Total lund•
2019
T(Mal lund
2018
&wJrt Gosts
Chafiiabb a¢11￿
Govemoru ¢061$
83.936
1.252
83.936
1.2S2
74.947
85.188
85.188
75,816
10. N•t incom•
Net Incomelg staled aft•1 C￿l91'n￿{cledthngI"
2019
2018
D•pr¢cialion ol tangdJ* Ilx•d ••8elJ
$33
168
11. Ind•p•nd•nl •x•minatbon f•••
2019
201B
Faés Ibi I1￿ l*+Jup&riJfrnl •xamintr 14
Inthp•nd•nl e*￿ina￿On ol tho I￿anCI•l Bt41•m•nts
6CXI
12. Tr￿t￿ r•mun•r•tlon and •xp•n••
Nti In1￿ee$ rec¢iv¢d ioThunqr•lion or other benefits ￿ therf pc4rtion •¥ IruilgB• ol lh• Ghanty
On• ol th• truskes Mr A. lorNJoDd provKJ•s paslnral AUP1K￿t selv￿9 io th¢ ¢¥)my¥riy ¥nd
I￿￿￿1￿￿E1 l*riiiuii*lai￿a11 l%Ji lili• ui Ili¥ &4iiuuiII ul L&*.uGa Lh• yèai éridéJ 3 1 Déowi)lJw ib
13. TanBibl• fixed •sg•t•
Fixlures and
rillings
Tolal
C￿1
Al l January 2019
Additions
1,123
2,431
1.123
2.431
Al 31 De¢emb•f 2019
3,554
3.554
O•prKialio
Ai 1 Janutry 2019
Chary Ihe y
AI 31 DK•mb•T 2019
647
533
647
533
1.180
1.180
C•rryln9 •mount
Al 31 D•c•mb•r 2019
2.374
2,374
Ai 31 L*c8mb•r 2018
476
476