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 2024.
| 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 Net receipts / (payments) Transfers between funds Net movement in funds Funds brought forward Funds carried forward |
UnrestrictedRestrictedEndowmen Total Total Notes Funds Funds Funds 2024 2023 £ £ £ £ £ 2 111456 35860 0 147316 153568 3 0 25,849 0 25849 26186 4 387 0 0 387 880 5 3408 376 0 3784 1577 6 1221 858 0 2079 2597 0 25561 0 25561 16476 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 116472 88504 0 204976 201284 7 546 0 0 546 520 8 92530 59261 0 151791 181510 0 0 0 0 0 9 0 0 0 0 0 0 17402 0 17402 17991 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 93076 76663 0 169739 200021 23396 11841 0 35237 1263 3786 -3786 0 0 0 27182 8055 0 35237 1263 96131 37727 0 133858 132595 12 123313 45782 0 169095 133858 |
|---|---|
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- Alexandra Presbyterian Church a Congregation of The Presbyterian Church in Ireland Statement of Assets & Liabilities as at 31st. December 2024
| UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | UnrestrictedRestrictedEndowmen | Total | Total | ||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | ||||
| £ | £ | £ | £ | £ | ||||
| Funds Reconciliation | ||||||||
| Bank and Cash at start of year | 96131 | 37727 | 0 | 133858 | 132595 | |||
| Net movement in funds | 27182 | 8055 | 0 | 35237 | 1263 | |||
| 0 | ||||||||
| Bank and Cash at end | of year | 123313 | 45782 | 0 | 169095 | 133858 | ||
| Bank & Cash Balances |
| Progressive Deposit Account Bank Current Account No.1 Bank Current Account No.2 Cash in hand - Organisations Bank Current Accounts - Organisations |
0 0 0 0 0 Total |
86734 48566 3932 2320 27543 169095 |
60227 47403 3757 2708 19763 133858 |
|---|---|---|---|
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 | 42073 | 40265 | |||
| Gift Aid receivable on | donations | 0 | 22000 | 14500 | ||
| Other assets | 0 | 0 | 0 | |||
| Liabilities | ||||||
| 0 | 0 | 0 | ||||
| Other liabilities | 0 | 0 | 0 | |||
Approved by the Kirk Session at a meeting on 17th. March, 2025 and signed on its behalf by:-
| Name:- ___Mr. Mervyn McCormick | Name:- | Mr. Trevor Wilson | |
|---|---|---|---|
| Signature:- ____ | Signature:- | _________ | |
| Date:- | 17th. March, 2025 |
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- Alexandra Presbyterian Church a Congregation of The Presbyterian Church in Ireland Notes to the Accounts:- 31st. December 2024.
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
| Unrestricted Restricted Endowment Funds Funds Funds £ £ £ Recorded givings 79961 15938 0 Loose collections 2670 0 0 Donations and gifts 3121 11079 0 Gift Aid 14584 7558 0 Progressive B S / Time to Rebuild 1620 1285 0 Legacies & Bequests 9500 0 111456 35860 0 |
Total 2024 £ 95899 2670 14200 22142 2905 9500 147316 |
Total 2023 £ 91120 2528 8297 15741 35882 0 153568 |
|---|---|---|
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Alexandra Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Notes to the Accounts (continued):- 31st. December 2024
3 Charitable Activities
| **Unrestricted ** | **Unrestricted ** | Restricted Endowmen | Restricted Endowmen | Restricted Endowmen | Total | Total | ||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | ||||
| £ | £ | £ | £ | £ | ||||
| Income from charitable activities | 0 | 0 | 0 | 0 | 0 | |||
| Publications / Literature | 0 | 779 | 0 | 779 | 671 | |||
| Fundraising events - Concert | 0 | 570 | 0 | 570 | 515 | |||
| Grant:- Belfast City Council | 0 | 0 | 0 | 0 | 0 | |||
| Grant - Urban Mission Trust | 0 | 13,000 | 0 | 13000 | 13000 | |||
| Grant - Council for Mission | 0 | 11,500 | 0 | 11500 | 12000 | |||
| 0 | 25849 | 0 | 25849 | 26186 |
| 4 | Other Trading Activities | Other Trading Activities | Other Trading Activities | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| **Unrestricted ** | Restricted Endowmen | Total | Total | |||||||||||||
| Funds | Funds | Funds | 2024 | 2023 | ||||||||||||
| £ | £ | £ | £ | £ | ||||||||||||
| Letting of | premises | 387 | 0 | 0 | 387 | 880 | ||||||||||
| Trading income | 0 | 0 | 0 | 0 | 0 | |||||||||||
| 387 | 0 | 0 | 387 | 880 | ||||||||||||
| 5 | Investment Income | |||||||||||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||||||||||||
| Funds | Funds | Funds | 2024 | 2023 | ||||||||||||
| £ | £ | £ | £ | £ | ||||||||||||
| Bank deposit interest | 873 | 0 | 0 | 873 | 759 | |||||||||||
| Progressive interest | 1777 | 312 | 0 | 2089 | 147 | |||||||||||
| General Investment Fund | 758 | 0 | 0 | 758 | 598 | |||||||||||
| Ulster Bank No 2 a/c | 0 | 64 | 0 | 64 | 73 | |||||||||||
| Other investment income | 0 | 0 | 0 | 0 | 0 | |||||||||||
| 3408 | 376 | 0 | 3784 | 1577 | ||||||||||||
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- Alexandra Presbyterian Church a Congregation of The Presbyterian Church in Ireland Notes to the Accounts Continued:- 31st.December 2024
| 6 Other Income Unrestricted Restricted Endowment Total Funds Funds 2024 £ £ £ PCI remittance 436 0 0 436 Power NI cost of living 0 0 0 0 Siemens Refund 247 0 0 247 N I Water refund 0 858 0 858 Sundry donations 538 0 0 538 Donations from Organisations 0 0 0 0 1221 858 0 2079 |
Total 2023 £ 237 1200 0 0 1160 0 2597 |
|
|---|---|---|
| 7 Raising Funds Unrestricted Restricted Endowment Total Funds Funds Funds 2024 £ £ £ £ FWO envelopes 546 0 0 546 Fundraising events 0 0 0 0 546 0 0 546 8 Charitable Activities Unrestricted Restricted Endowment Total Funds Funds Funds 2024 £ £ £ £ General Assembly Assessments 15976 0 0 15976 Presbytery fees 725 0 0 725 Ministry and support staff costs 54334 24699 0 79033 Congregational running expenses 20976 715 0 21691 Donations to Missions and Charit 0 20525 0 20525 Property / Maintenance costs 0 13322 0 13322 Governance costs 519 0 0 0 92530 59261 0 151272 |
Total 2023 £ 520 0 520 Total 2023 £ 15469 566 74841 20425 14512 55697 0 181510 |
|---|---|
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- Alexandra Presbyterian Church a Congregation of The Presbyterian Church in Ireland Notes to the Accounts (continued):- 31st. December 2024
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9 Other Expenditure
Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2023 2023
£ £ £ £ £
Investment properties expenses 0 0 0 0 0
HMRC Gift Aid refund 0 0 0 0 0
0 0 0 0 0
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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 £6,358,688 at the last renewal date. insurance renewal date.
The Nite Lite team has a caravan valued at £12,503 (at the last insurance renewal date.)
11 Investments
The congregation has the following investments. Amounts are shown at market valuation
| 2024 | 2023 | |||||||
|---|---|---|---|---|---|---|---|---|
| £ | £ | |||||||
| General Investment Fund | 32,073 | 30265 | ||||||
| Property | 0 | 0 | ||||||
| Progressive Building Society | 10,000 | 10000 | ||||||
| 42073 | 40265 |
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- Alexandra Presbyterian Church a Congregation of The Presbyterian Church in Ireland Notes to the Accounts ( continued ):- 31st. December 2024. 12 Fund Balances
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Balance Receipts Payment Surplus / Transfers Balance
at start (Deficit) at end
£ £ £ £ £ £
Unrestricted Funds
General Fund 36024 113075 93076 19999 -19174 36849
Progressive Building Society 60107 3397 0 3397 22960 86464
96131 116472 93076 23396 3786 123313
Restricted Funds ok ok
Maintenance of Property 3757 11365 13322 -1957 2132 3932
Time to Rebuild 270 5242 0 5242 -5242 270
Concert 0 570 0 570 -570 0
Castleton Lanterns & Community 171 0 0 0 0 171
Gift Aid for various Sundry Orgs 0 669 0 669 -669 0
Community Mission Worker 9262 24500 24699 -199 0 9063
Catering 0 40 40 0 0 0
Publications 0 779 655 124 0 124
Outreach 0 20 20 0 0 0
Boys Brigade 40 100 0 100 -100 40
Organisations 22471 25561 17402 8159 -767 29863
Missions and Charities Fund 0 0
United Appeal 330 7972 7330 642 0 972
General Missions Fund 0 0 0 0 0 0
Alex M F Missions 0 0 500 -500 500 0
Benevolent Fund 957 664 310 354 -140 1171
Children Change Columbia 0 118 118 0 0 0
Down Syndrome 0 2600 2600 0 0 0
Pres. Children's Society 93 1663 1650 13 0 106
E Moreland Foundation 0 2533 2533 0 0 0
World Deverlopment 376 813 1189 -376 0 0
Alzheimer's Society 0 375 375 0 0 0
Leprosy Mission 0 750 750 0 0 0
Friends of the Cancer Centre 0 100 100 0 0 0
Malawi Project 0 285 800 -515 515 0
Marie Curie NI 0 275 275 0 0 0
N I Hospice 0 375 375 0 0 0
Real Hope / Romania 0 120 100 20 0 20
North Belfast Food Bank 0 115 230 -115 115 0
Kids 4 School 0 585 540 45 0 45
Royal British Legion 0 5 0 5 0 5
R N L I 0 50 50 0 0 0
Samaritan's Purse (Shoe Boxes) 0 100 100 0 0 0
Local School 0 160 300 -140 140 0
The School of Music 0 0 300 -300 300 0
37727 88504 76663 11841 -3786 45782
Endowment Funds 0 0 0 0 0 0
Total Funds 133858 204976 169739 35237 0 169095
Valuation Revaluation Valuation
at start Increase at end
General Investment Fund 30,265 1,808 32,073
Progressive Building Society 10000 10000
Page -7- 40265 42073
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