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2024-12-31-accounts
|
Page |
| Legal and administrative information |
1 |
| Trustees report |
2
- 8 |
| Independent auditors report |
9 -11 |
| Statement offinancial activities |
12 |
| Statement offinancial position |
13 |
| Statement ofcash flows |
14 |
| Notes to the financial statements |
15 -21 |
| Trustees |
MrSteve Auld |
(Chairman) |
|
Ms Joanne Adair |
(Church Secretary) |
|
Mr Derek Browne |
|
|
Mr Chris Cardwell |
|
|
MrJason Cardwell |
|
|
Mr Lewis Crothers |
|
|
Dr Jim Davison |
|
|
Mr Simon Farewell |
|
|
MrJonathan Graham |
|
|
MrCameron Grieve |
|
|
DrStephen Hogg |
|
|
Mr Clifford Manley |
|
|
Mr Gareth McKillen |
|
|
Mr Martin Moorcroft |
|
|
Dr Andrew Nicholl |
|
|
Mr Robert Patterson |
(Church Treasurer) |
|
Mr Luke Smith |
|
| Charity number |
N1C107744 |
|
| Church address |
Great Victoria Street Baptist Church |
|
|
1 Hope Street |
|
|
Belfast |
|
|
BT12 5EE |
|
| Auditor |
Johnston Kennedy DFK |
|
|
Registered Auditors |
|
|
10 Pilots View |
|
|
Heron Road |
|
|
Belfast |
|
|
BT3 9LE |
|
| Bankers |
Ulster Bank |
|
|
Belfast City Office Branch |
|
|
P0 Box 232 |
|
|
11-16 Donegall Square |
East |
|
Belfast |
|
|
BT1 5UB |
|
| Attendance |
|
| Some approximate average |
attendance figures include: |
| Sunday morning services |
175 (membership 142) |
| Sunday school |
24 |
| Crèche |
20 |
| Abide |
30 |
| 20s & 30s |
30 |
| Friendship Hour |
24 |
| Small Groups |
122 |
| Mid-Week Prayer meeting |
40 |
| Timeout |
20 |
| Youth |
7 |
|
|
Unrestricted |
Restricted |
Total |
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
|
funds |
funds |
|
|
|
2024 |
2024 |
2024 |
2023 |
2023 |
2023 |
|
Notes |
£ |
£ |
£ |
£ |
£ |
£ |
| Income and endowments from: |
|
|
|
|
|
|
|
| Donations and legacies |
3 |
182,489 |
241,619 |
424,108 |
189,356 |
413,082 |
602,437 |
| Investments |
4 |
- |
15,594 |
15594 |
- |
736 |
736 |
| Total income |
|
182,489 |
257,213 |
439,702 |
189,356 |
413,818 |
603,174 |
| Expenditure on: |
|
|
|
|
|
|
|
| Charitableactivities |
5 |
146,126 |
58,947 |
205,073 |
132,509 |
65,558 |
198,067 |
| Grosstransfersbetween |
|
|
|
|
|
|
|
| funds |
|
(20,293) |
20,293 |
- |
(21,427) |
21,247 |
- |
| Net incomefor the year/ |
|
|
|
|
|
|
|
| Net movement in funds |
|
16,070 |
218,559 |
234,629 |
35,419 |
369,686 |
405,105 |
| Fund balances at 1 January |
|
|
|
|
|
|
|
| 2024 |
|
168,137 |
2,885,688 |
3,053,825 |
132,717 |
2,516,001 |
2,648,718 |
| Fund balancesat31 |
|
|
|
|
|
|
|
| December 2024 |
|
184,207 |
3,104,247 |
3,288,454 |
168,137 |
2,885,688 |
3,053,825 |
|
|
2024 |
|
2023 |
|
|
Notes |
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Tangibleassets |
8 |
|
2,097,799 |
|
2,102,964 |
| Currentassets |
|
|
|
|
|
| Debtors |
9 |
61,411 |
|
5,933 |
|
| Cash at bank and in hand |
|
1,136,764 |
|
952,692 |
|
|
|
1,198,175 |
|
958,625 |
|
| Creditors: amounts falling due within |
10 |
(7, 520) |
|
(7,764) |
|
| One year |
|
|
|
|
|
| Net currentassets |
|
|
1,190,655 |
|
950,861 |
| Netassets |
|
|
3,288,454 |
|
3,053,825 |
| Incomefunds |
|
|
|
|
|
| Restricted funds |
11 |
|
3,104,247 |
|
2,885,688 |
| Unrestrictedfunds |
12 |
|
184,207 |
|
168,137 |
|
|
|
3,288,454 |
|
3,053,825 |
|
|
2024 |
|
2023 |
|
|
Notes |
£ |
£ |
£ |
£ |
| Cash flows from operating activities |
|
|
|
|
|
| Cash generated from operations |
14 |
|
172,478 |
|
412,153 |
| Investing activities |
|
|
|
|
|
| Purchase oftangible fixed assets |
|
(4,000) |
|
(1,856) |
|
| Investment income received |
|
15,594 |
|
736 |
|
| Netcash generated from/(used in) |
|
|
|
|
|
| investing activities |
|
|
11,594 |
|
(1,120) |
| Net increase in cash and cash equivalents |
|
|
184,072 |
|
411,033 |
| Cash and cash equivalents at beginning ofyear |
|
|
952,692 |
|
541,659 |
| Cash and cash equivalents at end ofyear |
|
|
1,136,764 |
|
952,692 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
|
|
|
|
2024 |
2024 |
2024 |
|
|
|
£ |
£ |
£ |
£ |
|
Donations and gifts |
149,287 |
220,553 |
369,840 |
553,501 |
|
Gift Aid Income |
33,202 |
21,066 |
54,268 |
48,936 |
|
|
182,489 |
241,619 |
424,108 |
602,437 |
| 4 |
Investments |
Unrestricted funds |
Restricted |
Total |
Total |
|
|
|
funds |
|
|
|
|
2024 |
2024 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
Interest receivable |
- |
15,594 |
15,594 |
736 |
| 5 |
Charitable Activities |
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
|
|
|
|
|
|
|
2 |
|
|
2024 |
2024 |
2024 |
|
|
|
£ |
£ |
£ |
£ |
|
Support Costs |
18,217 |
10,097 |
28,314 |
16,251 |
|
Activity costs |
127,909 |
48,850 |
176,759 |
181,816 |
|
|
146,126 |
58,947 |
205,073 |
198,067 |
| 2024 |
2023 |
| Number |
Number |
| 4 |
3 |
8
Tangiblefixed assets |
|
|
|
|
Property |
Fixturesand |
Total |
|
|
equipment |
|
|
£ |
£ |
£ |
| Cost |
|
|
|
| At 1 January 2024 |
2,075,386 |
45,162 |
2,120,548 |
| Additions |
- |
4,000 |
4,000 |
| AtDecember2024 |
2,075,386 |
49,162 |
2,124,548 |
| Deprecialion |
|
|
|
| At 1 January2024 |
|
17,584 |
17,584 |
| Depreciationcharged intheyear |
|
9,165 |
9,165 |
| At31 December2024 |
|
26,749 |
26,749 |
| Carryingamount |
|
|
|
| At31 December2023 |
2,075,386 |
27,587 |
2,102,964 |
| At31 December2024 |
2,075,386 |
22,413 |
2,097,799 |
| Debtors |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Accrued income |
21,806 |
4,159 |
| Redevelopmentcosts incurred |
34,916 |
|
| Prepayments |
4,688 |
1,774 |
|
61,411 |
5,933 |
|
£ |
£ |
| Amounts within oneyear |
26,495 |
5,933 |
| Amounts afteroneyear |
34,916 |
- |
| Creditors |
|
|
|
2024 |
2023 |
| Amounts within one year: |
£ |
£ |
| Accruals |
7,520 |
7,764 |
|
7,520 |
7,764 |
|
Balanceat |
Incoming |
Resources |
Transfers |
|
Balance at |
|
1 January 2024 |
Resources |
Expended |
|
|
31 December |
|
|
|
|
|
|
2024 |
|
£ |
£ |
£ |
£ |
|
£ |
| Fellowship fund |
1,991 |
- |
(500) |
|
- |
1,491 |
| Mission fund |
- |
14,458 |
(34,751) |
20,293 |
|
- |
| Sunday School Trust |
1,073 |
- |
(318) |
- |
|
755 |
| Staffing Support Fund |
30,337 |
9,359 |
(19,724) |
- |
|
19,972 |
| Abide Fund |
250 |
2,752 |
(2,708) |
- |
|
294 |
| Redevelopment Fund |
739,892 |
228,380 |
- |
(34,916) |
|
933,356 |
| Property Fund |
2,075,386 |
- |
- |
34,916 |
|
2,110,302 |
| Young Adults Fund |
- |
1,070 |
(946) |
- |
|
124 |
| Manse Fund |
36,759 |
1,194 |
- |
- |
|
37,953 |
|
2,885,688 |
257,213 |
(58,947) |
20,293 |
|
3,104,247 |
|
|
|
Balanceat |
Incoming |
Resources |
Transfers |
Balanceat |
|
|
1 |
January 2024 |
Resources |
Expended |
|
31 December |
|
|
|
|
|
|
|
2024 |
|
|
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted |
Funds |
|
168137 |
182,489 |
(146,126) |
(20,293) |
184,207 |
| nalysis of netassets between funds |
|
|
|
|
|
Tangible |
Net Current |
Total |
Total |
|
Fixed assets |
assets |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
| Restricted income funds |
|
|
|
|
| Fellowshipfund |
- |
1,491 |
1,491 |
1,991 |
| Mission fund |
- |
- |
- |
- |
| Sunday School Trust |
- |
755 |
755 |
1,073 |
| Staffing Support Fund |
- |
19,972 |
19,972 |
30,338 |
| Abide Fund |
- |
294 |
294 |
250 |
| Redevelopment Fund |
- |
933,356 |
933,356 |
739,891 |
| Property Fund |
2,075,386 |
34,916 |
2,110,302 |
2,075,386 |
| Young Adults Fund |
- |
124 |
124 |
- |
| Manse Fund |
- |
37,953 |
37,953 |
36,759 |
|
2,075,386 |
1,028,861 |
3,104,247 |
2,885,688 |
| Unrestricted incomefunds |
|
|
|
|
| Designated funds |
22,413 |
- |
22,413 |
27,578 |
| Free reserves |
- |
161,794 |
161,794 |
140,559 |
|
22,413 |
161,794 |
184,207 |
168,137 |
|
2,097,799 |
1,190,655 |
3,288,454 |
3,053,825 |
| 14 |
Cashgenerated from operations |
2024 |
2023 |
|
|
£ |
£ |
|
Surplus forthe year |
234,629 |
405,106 |
|
Adjustmentsfor: |
|
|
|
Investment income recognised in statement offinancial activities |
(15,594) |
(736) |
|
Depreciation oftangible fixed assets |
9,166 |
8,923 |
|
Movements in working capital: |
|
|
|
(Increase)/decrease in debtors |
(55,479) |
(2,452) |
|
lncrease/(decrease) in creditors |
(244) |
1,312 |
|
Cashgeneratedfrom operations |
172,478 |
412,153 |