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
Ge￿ri1 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 AcCC￿nt
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 ma￿et Valuea53t 31 Dttember 2C￿l.
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 ab￿e.
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 A￿ty￿nts 31 De(efflber 2023
Pa8e 4
fixed Assets
Central
Hal
Gmund5
Ami5hlws &
Ewiwn•)t
Total
Valuation at 31 Oet. 2￿1
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 Propert*s
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 corn￿￿ed unit as at 31 E*¢ernber 2￿1 ¥As Él*75.(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 ￿lL￿aTrte
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 chor￿terS 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
Pl￿0
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
M￿lOnary Expenses
42585
1.250
Balance at 31 December 2023
42.542
Kenned¥ Memorlal Fund
8alanceatOI Janvary2023
Add..
95.72
95.51
Inte￿1 Rece*ved
1.16
0.21
95.72
DeducL'
Giftto Sunday Sthwl
Balar￿e ai 31 Decernbw 202a
95.72
Gmts. Oequests & D￿￿tIO
Lord l. Alderdice
Mr& Mrs M. Th(￿p50n
Mr5 Marion Taylor Lw¢y- Music FuThJ
75
Total
3.125

Spedal fvoie(ts& ch*r&blew￿
Int¢kne
Charrty Collections
Carol ser￿e(ollec￿0n
95
95
95
95
95
95
95
95
95
95
95
ios
20
56
467
Atthamtr550c￿fy
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 ￿bf￿r 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 & min￿￿5Fu￿d
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