Alexandra Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) for the year ended 31st. December, 2023.
| Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other Organisations Sale of Investments Sale of fixed assets Loans Received Total Receipts Payments Raising funds Charitable activities Investment costs Other Organisations Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments |
UnrestrictedRestrictedEndowmen Notes Funds Funds Funds £ £ £ 2 93379 60189 0 3 0 26,186 0 4 737 143 0 5 1464 113 0 6 2597 0 0 16476 0 0 0 0 0 0 0 0 0 0 98177 103107 0 7 520 0 0 8 87103 94407 0 0 0 0 9 0 0 0 0 17991 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 87623 112398 0 |
Total 2023 £ 153568 26186 880 1577 2597 16476 0 0 0 201284 520 181510 0 0 17991 0 0 0 0 0 200021 |
Total 2022 £ 108859 28134 431 907 14576 19288 0 0 0 172195 |
|---|---|---|---|
| 547 134716 0 14319 16594 0 0 0 0 0 166176 |
|||
Net receipts / (payments) Transfers between funds
Net movement in funds Funds brought forward Funds carried forward
| 10554 | -9291 | 0 | 1263 | 6019 | ||
|---|---|---|---|---|---|---|
| -4570 | 4570 | 0 | 0 | 0 | ||
| 5984 | -4721 | 0 | 1263 | 6019 | ||
| 90147 | 42448 | 0 | 132595 | 126576 | ||
| 12 | 96131 | 37727 | 0 | 133858 | 132595 |
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- Alexandra Presbyterian Church a Congregation of The Presbyterian Church in Ireland Statement of Assets & Liabilities as at 31st. December, 2023
| UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | Total | Total | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||||||
| £ | £ | £ | £ | £ | ||||||
| Funds Reconciliation | ||||||||||
| Bank and Cash at start of year | 90147 | 42448 | 0 | 132595 | 126576 | |||||
| Net movement in funds | 5984 | -4721 | 0 | 1263 | 6019 | |||||
| 0 | 0 | |||||||||
| Bank and Cash at end | of year | 96131 | 37727 | 0 | 133858 | 132595 | ||||
| Bank & Cash Balances | ||||||||||
| Progressive Deposit Account | 0 | 60227 | 0 | |||||||
| Bank Current Account No.1 | 0 | 47403 | 99338 | |||||||
| Bank Current Account No.2 | 0 | 3757 | 8380 | |||||||
| Cash in hand - Organisations | 0 | 2708 | 2106 | |||||||
| Bank Current Accounts - Organisations | 0 | 19763 | 22771 | |||||||
| Total | 133858 | 132595 |
Other Assets
Fixed Assets - Note 10
| Church Premises | 0 | 0 | 0 | |||
|---|---|---|---|---|---|---|
| Fixtures and Fittings | 0 | 0 | 0 | |||
| Vehicles | 0 | 0 | 0 | |||
| Investments - Note 11 | 0 | 40265 | 38084 | |||
| Gift Aid receivable on | donations | 0 | 14,500 | 13500 | ||
| Other assets | 0 | 0 | 0 | |||
| Liabilities | ||||||
| 0 | 0 | 0 | ||||
| Other liabilities | 0 | 0 | 0 | |||
| Approved by the Kirk Session at a meeting on | ____and signed on its behalf |
|---|---|
| by:- | |
| Name:- _______ | Name:- ______ |
| Signature:- ____ | Signature:- _________ |
| Date:- | Date:- |
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- Alexandra Presbyterian Church a Congregation of The Presbyterian Church in Ireland Notes to the Accounts:- 31st. December, 2023.
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.
2 Donations and Legacies
| Recorded givings Loose collections Donations and gifts Gift Aid TIME TO REBUILD |
Unrestricted Restricted Endowment Funds Funds Funds £ £ £ 77410 13710 0 2528 0 0 1710 6587 0 11731 4010 0 0 35882 0 93379 60189 0 |
Total 2023 £ 91120 2528 8297 15741 35882 153568 |
Total 2022 £ 76398 2263 9936 15262 5000 108859 |
|---|---|---|---|
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Alexandra Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Notes to the Accounts (continued):- 31st. December, 2023.
3 Charitable Activities
| UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | Total | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||||
| £ | £ | £ | £ | £ | ||||
| Income from charitable activities | 0 | 0 | 0 | 0 | 480 | |||
| Publications / Literature | 0 | 671 | 0 | 671 | 378 | |||
| Fundraising events CONCERT |
0 | 515 | 0 | 515 | 375 | |||
| Grant:- Belfast City Council | 0 | 0 | 0 | 0 | 1751 | |||
| Grant - Urban Mission Trust | 0 | 13,000 | 0 | 13000 | 13150 | |||
| Grant - Council for Mission | 0 | 12,000 | 0 | 12000 | 12000 | |||
| 0 | 26186 | 0 | 26186 | 28134 |
| 4 | Other Trading | Other Trading | Activities | Activities | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UnrestrictedRestrictedEndowmen | Total | Total | ||||||||||||||
| Funds | Funds | Funds | 2023 | 2021 | ||||||||||||
| £ | £ | £ | £ | £ | ||||||||||||
| Letting of | premises | 737 | 143 | 0 | 880 | 431 | ||||||||||
| Trading income | 0 | 0 | 0 | 0 | 0 | |||||||||||
| 737 | 143 | 0 | 880 | 431 |
5 Investment Income
| **Unrestricted ** | **Unrestricted ** | **Restricted ** | **Restricted ** | **Restricted ** | Endowment | Endowment | Total | Total | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2021 | ||||||||||
| £ | £ | £ | £ | £ | ||||||||||
| Bank deposit interest | 759 | 0 | 0 | 759 | 135 | |||||||||
| Progressive interest | 107 | 40 | 0 | 147 | 151 | |||||||||
| General Investment Fund | 598 | 0 | 0 | 598 | 621 | |||||||||
| No.2 A/c INTEREST | 0 | 73 | 0 | 73 | 0 | |||||||||
| Other investment income | 0 | 0 | 0 | 0 | 0 | |||||||||
| 1464 | 113 | 0 | 1577 | 907 | ||||||||||
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- Alexandra Presbyterian Church a Congregation of The Presbyterian Church in Ireland Notes to the Accounts Continued:- 31st.December, 2023
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6 Other Income
Unrestricted Restricted Endowment Total Total
Funds Funds 2023 2022
£ £ £ £
PCI Remittance 237 0 0 237 0
Power NI Cost of Living 1200 0 0 1200 14576
Sundry Donations 1160 0 0 1160 0
Cancellation of Cheque 0 40 0 40 0
2597 40 0 2637 14576
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| 7 | Raising Funds | Raising Funds | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||||||
| Funds | Funds | Funds | 2023 | 2022 | ||||||||
| £ | £ | £ | £ | £ | ||||||||
| FWO | envelopes | 520 | 0 | 0 | 520 | 547 | ||||||
| Fundraising events | 0 | 0 | 0 | 0 | 0 | |||||||
| 520 | 0 | 0 | 520 | 547 |
8 Charitable Activities
| Unrestricted Restricted Endowment Total Funds Funds Funds 2023 £ £ £ £ General Assembly Assessments 15469 0 0 15469 Presbytery fees 566 0 0 566 Ministry and support staff costs 52044 22797 0 74841 Congregational running expenses 19024 1401 0 20425 Donations to Missions and Charit 0 14512 0 14512 Property / Maintenance costs 0 55697 0 55697 Governance costs 0 0 0 0 87103 94407 0 181510 |
2022 £ 15630 659 69688 20680 19040 9019 0 134716 |
|---|---|
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- Alexandra Presbyterian Church a Congregation of The Presbyterian Church in Ireland - Notes to the Accounts (continued): 31st. December, 2023
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9 Other Expenditure
Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2023 2022
£ £ £ £ £
Investment properties expenses 0 0 0 0 0
HMRC Gift Aid Refund 0 0 0 0 14319
0 0 0 0 14319
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10 Fixed Assets
The congregation owns the Church premises situated at 80 York Road, Belfast, BT15 3HF and the Manse which is occupied by the Minister and his family situated at 14 Lismoyne Park, Belfast BT15 5HF including the associated fittings, plant and equipment. These have a combined value of £6,181,723 [ £5,749,650 + £405,905 + £26,168 ] at the last insurance renewal date.
The Nite Lite team has a caravan valued at £11,591 (at the last insurance renewal date.
11 Investments
The congregation has the following investments. Amounts are shown at market valuation
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| £ | £ | |||||||
| General Investment Fund | 30,265 | 28084 | ||||||
| Property | 0 | 0 | ||||||
| Progressive Building Society | 10,000 | 10000 | ||||||
| 40265 | 38084 |
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Alexandra Presbyterian Church a Congregation of The Presbyterian Church in Ireland
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Notes to the Accounts ( continued ): 31st. December, 2023.
12 Fund Balances
Balance Receipts Payment Surplus / Transfers Balance
at start (Deficit) at end
£ £ £ £ £ £
Unrestricted Funds
General Fund 90147 98070 87623 10447 -64570 36024
Progressive Building Society 0 107 0 107 60000 60107
90147 98177 87623 10554 -4570 96131
Restricted Funds
Maintenance of Property 8380 9157 55697 -46540 41917 3757
TIME to REBUILD 0 35882 0 35882 -35612 270
Concert:- TIMEtoREBUILD 0 515 0 515 -515 0
Castleton Lanterns & Community 171 0 0 0 0 171
PW/WEE CAFÉ/ B.BUDDIES 0 628 0 628 -628 0
Community Mission Worker 7059 25000 22797 2203 0 9262
Letting of Premises 0 143 143 0 0 0
PCI Publications 0 671 848 -177 177 0
Holiday Bible Club/Youth week 0 309 410 -101 101 0
Boys' Brigade 0 40 0 40 0 40
Organisations 24877 16476 17991 -1515 -891 22471
Missions and Charities Fund
United Appeal 700 6701 7071 -370 0 330
Benevolent Fund 902 164 109 55 0 957
Children Change Columbia 0 93 93 0 0 0
Christian Aid 21 0 31 -31 10 0
Pres. Children's Society 0 93 0 93 0 93
Tear Fund 50 0 50 -50 0 0
World Development 269 1155 1048 107 0 376
Marine / Missions to Seamen 4 0 4 -4 0 0
N.I. HOSPICE 0 1266 1277 -11 11 0
Leprosy Mission 0 750 750 0 0 0
The Air Ambulance 0 2500 2500 0 0 0
Release International 5 0 5 -5 0 0
MENCAP 0 75 75 0 0 0
KIDS4SCHOOL 0 180 180 0 0 0
PCI's Moderator's Appeal 10 424 434 -10 0 0
The School of Music 0 625 625 0 0 0
The Christian Institute 0 260 260 0 0 0
42448 103107 112398 -9291 4570 37727
Endowment Funds 0 0 0 0 0 0
Total Funds 132,595 201,284 200021 1263 0 133858
Valuation Revaluation Valuation
at start Increase at end
General Investment Fund 28,084 2181 30,265
Progressive Building Society 10000 10000
Page -7- 38084 40265
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