an sourH BELFAST PREsBERy OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Designated Mlsslon Funds Restricted Incldental Funds Total 2024 Total 2023 Recelpts Incoming resources Investment Income Other incomlng resources 17,000 17,OC 42 5,341 15,882 130 1,200 42 5,341 Total Receipt$ 5,383 17,000 22,383 17,212 Payments Charitable activities 126,5481 {18,188) 144,736) 145,4581 Total Payments (26,548) {18,1881 144,736) (45,458) Net receipts / Ipaymentsl Transfers between funds (21,165) 11,188) 122,3531 128,2461 Net movement in funds Funds brought forward (21,165) 39,499 11,188) 122,353) 6,956 46,455 128,2461 74,701 Funds t•rrled forward 18,334 5,768 24,102 46.455 11
Presbyter an SOUTH BELFAST PRESBYfERY OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABIUTIES As at 31 December 2024 Designated Restricted Total Funds Total Funds Mission Incidental 2024 2023 Funds Funds Funds Retonciliatlon Bank and Cash at start of year Net movement in funds 39,499 121, 1651 6,956 11,1881 46,455 122,353) 74,701 128,246) Bank and Cash at end of year 18,334 5,768 24,102 46,455 Bank & Cash Balances Bank Missions Account Bank Incidental Account 18,334 5,704 39,499 6,892 24,038 46,391 Other Assets PW Link Account 64 64 24,102 46,455 Llabllltles Other 24,102 46,455 Approved by the Trustees at a meeting on 8 /J2 2> 2 S- and signed on its behalf by: Galbraith Trustee 12
an SOUTH BELFAST PRESB YtERY OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUlllS for the year ended 31 December 2024 ACCOUNTING POUCIES BASIS OF FINANCIAL STATEMENTS As the total income of South Belfast Presbytery Of The Presbyterian Church in Ireland is less than £250,000 the Presbytery have elected in accordance with the provisions in The Charities IAccounts and Reports) Regulations {Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Restricted funds are to be expended only on the restrlcted purposes intended by the donor. Unrestrlcted funds are income funds which areto be spent on the South Belfast Presbytery of The Presbyterian Church in Ireland general purposes. Designated funds are unrestricted funds are income funds which have been designated for a speclfic purpose by South Belfast Presbytery of The Presbyterian Church in Ireland. INCOMING RESOURCES Desl8nated Restrlcted Mlsslons Incldental Funds Funds Totsl 2024 Total 2023 Presbytery fees 17,OCK] 17,000 15,882 17,000 17,000 15,882 INVESTMENT INCOME Deslgnated Restrlcted Mls$ions Incldental Funds Funds Total 2024 Total 2023 Bank Interest 42 42 130 42 42 130 13
Presbyter an sourH BELFAST PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) for the year ended 31 December 2024 OTHER INCOMING RESOURCES De$l8nated Restricted Misslons Incidental Funds Funds Total 2024 Total 2023 Other Income 5,341 5,341 1,200 5,341 5,341 1,200 CHARITABLE AcrivmES AND SUPPORT COSTS Desl8nated Restrlcted Mlsslon5 Incldental Funds Funds Total 2024 Total 2023 Clerk, Moderator & administrative assistant Printingi Postage & stationery Students, grants and allowances Insurance Training IMP- staff IMP- Insurance IMP - rent, electricltyi repairs & equipment Berry Street - Insurance Berry Street- heat &118ht, le8al, repalrs May Street- insurance Accountancy Training- Cairn Project Other expenses Bank charge5 14,157 692 25 387 14,157 692 25 387 13,096 736 525 356 353 7,269 69 1,700 2,175 9,937 6,238 1,440 1,365 116 83 2,562 2,562 2,323 12,564 6,501 2,323 12,564 6,501 1,494 500 3,451 80 1,494 500 2,061 37 1,390 43 26.548 18,188 44,736 45,458 14
Presbyter an SOUTH BELFAST PRESBYfERY OF THE PRESBYtERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd) for the year ended 31 December 2024 FUND BALANCES Fund Balance at start Receipts Payments Surplus l Transfer (Defl¢lt) Balance •t end Deslgnated Funds Missions Fund 39,499 5,383 126,548) 121,165) 18,334 39,499 5,383 (26,5481 {21,2651 18,334 Restricted Funds Incidental Fund PW Link 6,892 64 17,OCIl (18,1881 (1,188) 5,704 6,956 17,000 {18,1881 11,1881 5,768 Total 46.45S 22,383 (44,736) (22,353) 24.102 15