Richview Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) for the year ended 31 December 2024
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | 27760 | 4719 | 0 | 32479 | 35282 |
| Charitable activities | 3 | 0 | 0 | 0 | 0 | 0 |
| Other trading activities | 4 | 0 | 0 | 0 | 0 | 2000 |
| Investment Income | 5 | 0 | 0 | 0 | 0 | 0 |
| Other | 6 | 0 | 2880 | 0 | 2880 | 739 |
| Organisations | 0 | 36 | 0 | 36 | 9 | |
| 0 | ||||||
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | |
| Loans Received | 0 | 0 | 0 | 0 | 0 | |
| 0 | ||||||
| Total Receipts | 27760 | 7635 | 0 | 35395 | 38030 | |
| Payments | ||||||
| Raising funds | 7 | 151 | 0 | 0 | 151 | 164 |
| Charitable activities | 8 | 45199 | 22234 | 0 | 67433 | 59923 |
| Investment costs | 0 | 0 | 0 | 0 | 0 | |
| Other | 9 | 0 | 0 | 0 | 0 | 0 |
| Organisations | 0 | 367 | 0 | 367 | 227 | |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | |
| Purchase of fixed assets | 0 | 0 | 0 | 0 | 0 | |
| Loan Repayments | 0 | 0 | 0 | 0 | 0 | |
| 0 | ||||||
| Total Payments | 45350 | 22601 | 0 | 67951 | 60314 | |
| Net receipts / (payments) | -17590 | -14966 | 0 | -32556 | -22284 | |
| Transfers between funds | -442 | 442 | 0 | 0 | ||
| Net movement in funds | -18032 | -14524 | 0 | -32556 | -22284 | |
| Funds brought forward | 66768 | 34707 | 0 | 101475 | 123759 | |
| Funds carried forward | 12 | 48736 | 20183 | 0 | 68919 | 101475 |
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Richvlew Pre5bytsrlan Chuffh - a Congregation of The Presbyterlan Church In Ireland Statements of Assets and Llabllities as at 31 December 2024 Unrestrlrted Réstrlcted Endowment Funds Funds Funds Total 2024 Total 2023 Funds Reconclllatlon Bank and Cash at start of year Net movement In funds 66768 -18032 34707 -14524 101475 -32556 123759 -22284 Bank and Cash at end ol year 48736 20183 68919 101475 Bank & Cash Balances Bank Current Account Nol No2 No3 48736 16277 2010 67023 175 1721 68919 66768 30431 2049 99248 19 2208 101475 Bank Current Accounts Cash In hand- Organ15atlons Bank Current Accounts- Organlsaiions Sub totsi Total Other Assets Flxed Assets. Note 10 Church Premlses I Contents Church Hall Bulldlng / Contents 4773210 1307013 4545914 1244774 Investments- Note 11 Gift Ald receivable on donatlons 3482 3359 Other assets - Manse sale proceeds Flxed Term Dept A¢Ct. 465714 438102 Llabllltles Loans Other Ilabllltles Approved by the Klrk Session at a meettng on Si,-s~ rand signed on Its behalf by Name Name Date l-c>£-Lr Date 31-3-20 Page -2-
Richview Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Notes to the accounts - 31st December 2024
Note 1 Accounting Policies
Basis of Financial Statements
As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations) (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis.
Fund Accounting
Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion; the income derived 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 (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.
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.
Note 2
Donations and Legacies
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | ||
| Recorded givings | 23976 | 3557 | 27533 | 29869 | |
| Loose collections | 641 | 0 | 641 | 849 | |
| Donations and gifts | 203 | 620 | 823 | 1205 | |
| Gift Aid | 2940 | 542 | 3482 | 3359 | |
| Legacies and bequests | 0 | 0 | 0 | 0 | |
| 27760 | 4719 | 32479 | 35282 |
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Richview Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Notes to the accounts (cont'd) - 31 December 2024
Note 3 Charitable Activities
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Income from charitable activities | 0 | 0 | 0 | 0 | 0 |
| Fees from weddings and funerals | 0 | 0 | 0 | 0 | 0 |
| Fundraising events | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
Note 4 Other Trading Activities
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Letting of premises | 0 | 0 | 0 | 0 | 2000 |
| Trading income | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 2000 |
Note 5 Investment Income
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 0 | 0 | 0 | 0 | 0 |
| General Investment Fund | 0 | 0 | 0 | 0 | 0 |
| Rents investment properties | 0 | 0 | 0 | 0 | 0 |
| Other investment income | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
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Richview Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Notes to the accounts (cont'd) - 31 December 2024
Note 6 Other Income
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Manse insurance refund | 0 | 0 | 0 | 0 | 139 |
| Cost of living - Power NI | 0 | 0 | 0 | 0 | 600 |
| Insurance Claim | 0 | 2880 | 0 | 2880 | 0 |
| 0 | 2880 | 0 | 2880 | 739 |
Note 7 Raising Funds
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| FWO envelopes | 151 | 0 | 0 | 151 | 164 |
| Fundraising events | 0 | 0 | 0 | 0 | 0 |
| 151 | 0 | 0 | 151 | 164 |
Note 8 Charitable Activities
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| General Assembly Assessments | 2024 | 0 | 0 | 2024 | 2473 |
| Presbytery fees | 284 | 0 | 0 | 284 | 299 |
| Ministry and support staff costs | 30123 | 0 | 0 | 30123 | 28950 |
| Congregational running expenses | 12648 | 19464 | 0 | 32112 | 23787 |
| Donations to Missions and Charities | 0 | 2770 | 0 | 2770 | 4314 |
| Governance costs | 120 | 0 | 0 | 120 | 100 |
| 45199 | 22234 | 0 | 67433 | 59923 |
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Richview Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Notes to the accounts (cont'd) - 31 December 2024
Other Expenditure
| 9 | Other Expenditure | |||||
| UnrestrictedRestrictedEndowment | Total | Total | ||||
| Funds | Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Investment properties expenses | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 |
10 Fixed Assets
The congregation owns the Church premises at 272 Donegall Road Belfast BT12 6NY together with the associated fixtures,fittings,plant and machinery. They have a combined insurance value of £ 6.080 million at last renewal date.
11 Investments
The congregation has the following investments. Amounts are shown at market valuation
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| General Investment Fund | 0 | 0 |
| Property | ||
| Other investments | ||
| 0 | 0 |
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Richview Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Notes to the accounts (cont'd) - 31 December 2024
| 12 | Fund Balances | ||||||
|---|---|---|---|---|---|---|---|
| Balance | Receipts | **Payment ** | **Surplus / ** | Transfers | Balance | ||
| at start | (Deficit) | at end | |||||
| £ | £ | £ | £ | £ | £ | ||
| Unrestricted Funds | |||||||
| General Fund | 66768 | 27760 | 45350 | -17590 | -442 | 48736 | |
| 0 | 0 | 0 | 0 | 0 | 0 | ||
| 66768 | 27760 | 45350 | -17590 | -442 | 48736 | ||
| Restricted Funds | |||||||
| Repairs and Renovations Acct | 30431 | 5402 | 19464 | -14062 | -92 | 16277 | |
| Rev D Porter Acct | 2049 | 0 | 0 | 0 | -39 | 2010 | |
| Missions | 0 | 1977 | 2000 | -23 | 23 | 0 | |
| Royal British Legion | 0 | 190 | 190 | 0 | 0 | 0 | |
| Presbyterian Children's Soc | 0 | 0 | 200 | -200 | 200 | 0 | |
| World Development Appeal | 0 | 0 | 150 | -150 | 150 | 0 | |
| Belfast City Mission | 0 | 0 | 200 | -200 | 200 | 0 | |
| Good News for Everyone | 0 | 30 | 30 | 0 | 0 | 0 | |
| 32480 | 7599 | 22234 | -14635 | 442 | 18287 | ||
| Organisations' Accounts | |||||||
| 13th BB Old Boys Gen Acct | 2025 | 35 | 164 | -129 | 0 | 1896 | |
| 13th BB Old Boys Bible Class | 202 | 1 | 203 | -202 | 0 | 0 | |
| 2227 | 36 | 367 | -331 | 0 | 1896 | ||
| Endowment Funds | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total Funds | 101475 | 35395 | 67951 | -32556 | 0 | 68919 | |
| Fixed Term Deposit Acct | 438102 | 27612 | 0 | 465714 |
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Richview Presbyterian Church - a Congregation of the Presbyterian Church in Ireland.
Notes to the accounts (cont'd) - 31 December 2024
Related Party Transactions
One of the Trustees acting as the Pastoral Assistant of the congregation received remuneration of £9,539.40 and expenses of £1,393.15 for acting in that capacity. The Trustee acting as Organist for the congregation received remuneration of £4,500 in that capacity. The Trustee acting as Convener of the congregation received remuneration of £10,010 in that capacity. None of the other Trustees received any remuneration.
During the year 2024 the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland.
-
£2,024 for congregational assessments
-
£2,000 for United Appeal
-
£150 towards the World Development Appeal
-
£200 towards the Presbyterian Children's Society
£284 towards Presbytery Fees
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