First Presbyterian Church Belfast Financial Statements Year Ended 31 December 2023 Committee Report
First Presb)terian Church, Belfast Year Ended 31st December 2023 Contents Page Revenue Account- Income Rei'enue Account- Expenditure Balance Sheet Notes to the Financial Statements 4-8
Revenue Account Pa8e I 2023 Income 2022 Nots Offerings Ilncl. Gift Aid) Gifts. Bequests & Donations Hire of Church & Central Hall Special Projects & Charities Ground Rent Interest Received.. Investment Accounts 18,321 3.125 14.085 1,017 15,841 1,540 13,050 2.902 323 15,572 12 io li 19.507 56.055 49.228 Rents: Shops Car Park 36.772 2,&J2 59,OCiI 5,106 39.374 64.106 Total Income 95.429 113.334
Revenue Account Page 2 Expenditure 2023 2022 Note Salaries Musician In Residence Organist and Dirertor of Music Pulpit Supply Employers Pension Contributions Banham Choristers Travelling Expenses Housing Allowance Office Equipment & Expenditure Light, Heat & Water Advertising & Literature Social Fullction5 & Gifts Organ & Music Expenditure Insurance Legal & Professional Fees Property Maintenance Cleaning Cleaning Wages Special Projects & Charitable Work Missionary Work 12,780 2.SCKI 10,297 2.910 22.499 2,500 11,167 1,725 1,114 2.425 1,914 4,725 3.311 12,102 204 2,409 390 6,158 2,670 16.006 3,994 1.560 4,758 1,250 1.950 1,782 4,806 18,328 286 1,321 1,890 6,756 2,450 13,426 3.637 1.560 45.299 io 131.979 102,881 Agents Commission Legal & Professional Fees: Shops & Car Park Maintenance= Shops 1,019 3.078 1.800 900 286 1.304 5,778 Total Expenditure 133.283 108,659 Net Surplus l Oeficit 37.854 4,675 Net Income I (Deficit) for Year. Ailocated Manse Fund Organ / Banham Manse Music Fund Central Hall Fund General Purposes Fund Rafiki Charity Fund Kennedy Memorial Fund 13,468 12.9111 5,936 111.8051 142.5421 7,138 17,7131 27,629 121.1701 11,2101 137,8541 4,675
Bala Sheet •t JI Dtce r202 P•8e 3 Church Building5 & Grounds Shop5.' 33-39 Rosemary Slteet 1.025.(Lll 1.025,IK(I 850.LKX) 1.875.(LbJ Manse Futhd In¥estfflents Ulster Bank Ltd. 8usine5s Re5er¥eAccount Ulster Bank Lrd.. 6 Month Money Desk 77.?62 64.294 77,762 64.294 N5&1.. Or8an Fund Aciount 19.670 21,581 19.670 22.581 Central Hall Fund Investments Ulster Bank Ltd. Business ReseThe kcount NS&I.. Organ Fund Account 77.018 7,713 84.730 Geri1 Purposes FUNI U15ter 8ank Ltd.. Current AccL4Jnt Ulster Bank Ltd.. 8usine55 ResetyeAccwnt 7.461 1,534 8.577 io.iii Raflki Char6ty Fund Nètional savings Bank.. In¥estment Account 42,542 e* Mefftorfal FurKI Ulster 8ank Ltd.. Busine55 Reserye AcCCnt 97 Total Assets 2.061.5 2,099,354 Financed By.. Capital Fund.. Current Fund5'. 1.875,(fXI i86.5) 1,375.C 224,355 2,061.51#J 2.099,355 The Attounts wereapproved bytheAnnual General Meeting M". Mr Desmund McKeown Chairman
Not*5 to the Accounts 31 December 1023 P¥e4 xed Assets thwth & Grw Cen¢AI FwnlshinBs & Equipment Totsl Valuation at 31 Dec. 2C¥JI 8.{.(x) 225,Ix#iix> as0.(.) 1,875.(th.Tr] Net Book Value At311)ec. 2023 8,[1x1.c) 225.(KK).L¥I 850.cth.rA) L.B75,t#x). thutthand Church Pfowiie5 Frazer Kidd and Partner5, Property ¥3vled the abDve propertie5 at (4>en maet Valuea53t 31 Dttember 2Cl. Thev8luation of the tentr31 hall and shops a5 a ccrtkbined unit as at 31 tlecernber ZtK)I was É1,875JXA). Furnishings & equipment have not been valued and consequefitl¥are not Included abe. CaFMial FvrKI.. Flxed Assets Bèlance at 31 t)ecember 2023 and 2022 1023 2021 1.875.LXYJ 1.875.(h)J Manse Fund 8alance at 31 December 2022 Add.. In¥eSEment Income 64.294 13,468 77.762 57,156 11.86 63.456 Oedurt." Housin8 Allowance 8al3nce at 31 December 2023 4,725 77.762 l MusFr Fw Balance ar 31 December 2022 Add.. In¥esrment Income Add.. Mrs Marwjn Taylor Laga 22,581 429 30.294 102 26,010 30,396 Dedutt.. Organ. mu£ & Banhamchoristers Eynditure 7,815 22,581 19.670 Add.. Transferfrom General PurFwes Fund Balance at 31 Oerember 2023 19.670 22.581
rlotes to the Atynts 31 De(efflber 2023 Pa8e 4 fixed Assets Central Hal Gmund5 Ami5hlws & Ewiwn•)t Total Valuation at 31 Oet. 21 225.(K17 850.(iX).(x) I,875.(.00 Net Book Value At 31 Dec. 2023 8,(0). 225.(0).IK> 850.COJ.L I,B75,(X)J.Tr) CP•Jrch Church Properts Fra2Èr Kidd and Partners. Property Conwttan vavled the al prDpertie53t Open Markei Valueas 3t31 DecembEr 2fAII. The valuation ol the ceTrtr31 hall and shops 3$ a corned unit as at 31 E¢ernber 21 ¥As Él75.(W. Furnishings & equipment have not bÈen valued and cty)sequeThttyare not included above. Cawtal Fund: F4xed Assets Balance at 31 December 2023 and 202Z 1.875.t¥x) 1.875.(KKJ Manse Fund Balance at 31 December 2022 Add.. Investment Income 64,294 13.468 7P.762 57.156 11.863 63A56 Deduu." Housing lLaTrte Balance * 31 December 2023 4,725 64.294 77.762 Or8an/ Music Fur Balance at 31 December 2022 Add.. Investment Income Add.. Mrs Marion Taykn La8ary 12.581 429 30,294 102 26.010 30.396 Oeduct.. Organ. Music & Banham chorterS ExpEndrwre 7%15 22581 19.670 Add.. Transfetfrom GerJer Purposes Fund Balanceat 31 DEcernb 2023 19.670 22,581
Notes to the Accounts 31 December 2023 (Continued) Page 5 2023 2022 Central Hall Fund Balance at 31 December 2022 Add: Investment Income Rental Income 84,730 57,101 1.983 39.374 126,087 325 64,106 121,532 Dedurt Expenditure.. Property Rentals Insurance Property Maintenance Cle3ning & Cleaning Wages Light. Heat & Water Office & Professional fees 2.780 1.476 9,627 4.303 13,896 3,340 35.421 4,578 2,365 11,520 4,581 9.078 4,680 36,802 Balance Deduct.. Transfer to Church General Purposes Fund Balance at 31 December 2023 90.666 io.oc 80,666 84,730 84,730 General Purposes Fund Balance at 31 December 2022 Add.. Offerings Gifts. Bequests & Donations Hire of Church Investment Income Special Projetts & Charities GroL¢nd Rent Interest Received io.iii 31.282 18.321 125 14,085 3,585 1.017 15.841 1,540 13,050 3.243 2,902 322 47,244 68.180 Deduct Expenditure.. Remuneration & supply Employers, Pension Contribution Office Property Maintenance Light, Heat & Water Advertising, Literature & Interest Social functions & gifts Insurance Cleaning & Cleaning Wages Special Projett5 & Charities Travelling Expenses 25,987 35.392 1.114 2.501 4,486 3.026 204 2,409 3,793 974 4.758 1,914 60,570 3.916 3,799 4,432 287 1,321 3.805 895 2,714 1.782 48.939 Balance 1,695 7.611 Add.. Transfer from Central Hall Fund Add.. Transfer from Organ / Music Fund for musician in residence 2020 Adjustment iO,CM 2.5CKJ Balance at 31 December 2023 8.305 io,iii
Notes lotheAcraunts 31 Detember2023 IGinttrwedl Pl0 2021 Rankl CharltyFund 6alance ar i January 2023 Add.. 42,542 43,752 Oonatlon5 Ilncl. Gift dI In¥estment IrKome.' Interest ReCei%d 42 41 42,584 43.792 Jeduct.. Donation for Projeas MlOnary Expenses 42585 1.250 Balance at 31 December 2023 42.542 Kenned¥ Memorlal Fund 8alanceatOI Janvary2023 Add.. 95.72 95.51 Inte1 Rece*ved 1.16 0.21 95.72 DeducL' Giftto Sunday Sthwl Balare ai 31 Decernbw 202a 95.72 Gmts. Oequests & DtIO Lord l. Alderdice Mr& Mrs M. Th(p50n Mr5 Marion Taylor Lw¢y- Music FuThJ 75 Total 3.125
Spedal fvoie(ts& chr&blew Int¢kne Charrty Collections Carol sere(ollec0n 95 95 95 95 95 95 95 95 95 95 95 ios 20 56 467 Atthamtr550cfy Primarystho MaE MuryayF(noatoTr EyrTr C¥Èfor Eldetly Peop Nl in50n's th5easeS NI f4.1. Children's Cartcer Unit A5W51 Animalswthary Book TruM NI e5r. Heart & Stroke Manecunecancer Care nday 5th Fund NSPCI Fund Cvre ITrtemat¥¥IRafikI Fund) Gbbal bfr Intemèiional IRafiki Fundl UnNersrtyof(I4ford Afnta bfo Tr4inin8ProgrammÈ Mxhakn50inK Plair<A 20.C io.ooyj io.c 2.585 Total 1.017 45,299 li ImstrTreftt Stipend & min5Fud Manse Fund Music Building nd Flo¥¥er Fund Organ Fund General Purposes Fund Sunday Men thdend5 560 13.468 23 1.919 28 Ralkn Chan¢y Fund 19.507
12 Hlre of Churth Bulldlngs l Grounds Page 8 Nl Opera The 8elfast Ensemble Ltd 88C 435 1,935 960 Spark Opera Music Capital 12 Step Group A McDonnell J. Pond 390 340 2) Snow Water European Piano Teachers As50Ciation G. Danbv Cathedral Quarter Trust An Droichead 240 150 2.780 Iso 450 Northern Lights Reclaim the Light Mark Hamilto Old Guy Films Nl Trade Union Ulster Orchestra Ulster Touring Opera Charles Wood Festival of Mu51C Duncaim Project Wornens Resource Miscellaneous Use of hall 245 240 150 50 260 1.425 35 120 50 2.965 TOTAL 14.850