**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**| |---|---| **Page -1-** **- 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**|| **Page -2-** **- 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**| |---|---|---| **Page -3-** **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**||| |||||||||||||||||| **Page -4-** **- 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**| |---|---| ||| **Page -5-** **- Alexandra Presbyterian Church a Congregation of The Presbyterian Church in Ireland Notes to the Accounts (continued):- 31st. December 2024** **----- Start of picture text -----**
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
**----- End of picture text -----**
## **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**|| **Page -6-** ## **- Alexandra Presbyterian Church a Congregation of The Presbyterian Church in Ireland Notes to the Accounts ( continued ):- 31st. December 2024. 12 Fund Balances** **----- Start of picture text -----**
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
**----- End of picture text -----**