THE NORTH BELFAST PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31st December 2024
Registered Charity in Northern Ireland (NIC109351)
THE NORTH BELFAST PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND
Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2024
| Notes Receipts Donations and legacies 2 Charitable activities 3 Other trading activities 4 5 Other 6 Sale of Investments Sale of fixed assets Loans Received Total Receipts Payments Raising funds 7 Charitable activities 8 Investment costs Other 9 IMP2 PW Link West Belfast Project 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 12 PW Link West Belfast Project Bank Interest IMP2 |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £14,648 £1,630 £0 £16,278 £12,670 £3,250 £0 £0 £3,250 £3,750 £0 £0 £0 £0 £0 £343 £0 £0 £343 £280 £0 £0 £0 £0 £0 £0 £31,952 £0 £31,952 £34,555 £0 £3 £0 £3 £59 £0 £12,900 £0 £12,900 £4,300 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 |
|---|---|
| £18,241 £46,485 £0 £64,726 £55,614 |
|
| £0 £0 £0 £0 £0 £17,815 £0 £0 £17,815 £17,106 £0 £0 £0 £0 £0 £645 £1,630 £0 £2,275 £2,817 £0 £29,540 £0 £29,540 £42,545 £0 £100 £0 £100 £100 £0 £11,226 £0 £11,226 £3,739 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 |
|
| £18,460 £42,496 £0 £60,956 £66,307 |
|
| -£219 £3,989 £0 £3,770 -£10,693 £0 £0 £0 £0 £0 -£219 £3,989 £0 £3,770 -£10,693 £11,902 £22,173 £0 £34,075 £44,768 |
|
| £11,683 £26,162 £0 £37,845 £34,075 |
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THE NORTH BELFAST PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND
Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2024
| Funds Reconciliation Bank and Cash at start of year Net movement in funds Bank and Cash at end of year Bank & Cash Balances Other Assets Church Premises Fixtures and Fittings Vehicles Gift Aid receivable on donations Other assets Liabilities Loans Other liabilities Incidental + West Belfast Project Fixed Assets -Note 10 Investments - GIF -Note 11 IMP2 PW Link |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £11,902 £22,173 £0 £34,075 £44,768 -£219 £3,989 £0 £3,770 -£10,693 |
|---|---|
| £11,683 £26,162 £0 £37,845 £34,075 |
|
| £13,918 £12,463 £23,597 £21,185 £330 £427 Total £37,845 £34,075 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 |
Approved by the Presbytery a meeting on and signed on its behalf by
Name: Name: Moderator of Presbytery Clerk of Presbytery Date Date:
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THE NORTH BELFAST PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2024
Accounting Policies
THE NORTH BELFAST PRESBYTERY OF THE OF PRESBYTERIAN
Basis of Financial Statements
As the total income of the Presbytery 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 Presbytery'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 Presbytery's general purposes Designated funds are general funds set aside by the congregation for use in the future.
2. DONATIONS AND LEGACIES
| Legacies and bequests Gift Aid Collection at events Assessments on congregations |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2023 £ £ £ £ £ £14,648 £0 £0 £14,648 £12,670 £0 £1,630 £0 £1,630 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 |
|---|---|
| £14,648 £1,630 £0 £16,278 £12,670 |
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THE NORTH BELFAST PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND
Statement of Financial Activity ( Receipts and Payments Account )
Year ended 31 December 2024
3. Charitable Activities
| IMP2 Income Incid Fund UMT Grant PW Link Income |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £0 £0 £0 £0 £59 £0 £0 £0 £0 £29,955 £3,250 £0 £0 £3,250 £3,750 |
|---|---|
| £3,250 £0 £0 £3,250 £33,764 |
4. Other Trading Activities
| Letting of premises Trading Income |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 |
|---|---|
| £0 £0 £0 £0 £0 |
5. Investment Income
| Rents investment properties Other investment income Bank Interest General Investment Fund |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £343 £0 £0 £343 £280 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 |
|---|---|
| £343 £0 £0 £343 £280 |
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THE NORTH BELFAST PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND
Statement of Financial Activity ( Receipts and Payments Account )
Year ended 31 December 2024
6. Other Income
| Insurance claims Other income |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 |
|---|---|
| £0 £0 £0 £0 £0 |
7. Raising Funds
| Fundraising Events | Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £0 £0 £0 £0 £0 |
|---|---|
| £0 £0 £0 £0 £0 |
8. Charitable Activities
| Ministry/Support Staff Costs Running expenses (insurances + rallies etc) Bank Charges |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £15,914 £0 £0 £15,914 £16,581 £1,872 £0 £0 £1,872 £2,343 £29 £0 £0 £29 £29 |
|---|---|
| £17,815 £0 £0 £17,815 £18,953 |
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THE NORTH BELFAST PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND
Statement of Financial Activity ( Receipts and Payments Account )
Year ended 31 December 2024
9. Other Expenditure
| 9. Other Expenditure | |
|---|---|
| Student Gifts Grants Commission Expenses PCI Mission Funds / 3rd Party Charities |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £325 £0 £0 £325 £600 £320 £0 £0 £320 £370 £0 £1,630 £0 £1,630 £0 |
| £645 £1,630 £0 £2,275 £970 |
10. Fixed Assets
The Presbytery does not own any premises.
11. Investments
The congregation has the following investments. Amounts are shown at market valuation
| Property Other investments General Investment Fund at market valuation |
2024 2023 £ £ £0 £0 £0 £0 £0 £0 |
|---|---|
| £0 £0 |
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THE NORTH BELFAST PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND
Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2024
12. Fund Balances
| 12. Fund Balances | |
|---|---|
| Incidental Fund Unrestricted Funds Restricted Funds West Belfast Project International Meeting Point 2 PW Link Endowment Fund Rally, services, events collections |
Balance Receipts Payment Surplus / Transfers Balance at start (Deficit) at end £ £ £ £ £ £ 11,902 18,241 18,460 219 - - 11,683 |
| 11,902 18,241 18,460 219 - - 11,683 |
|
| - 1,630 1,630 - - - 561 12,900 11,226 1,674 - 2,235 21,185 31,952 29,540 2,412 - 23,597 427 3 100 97 - - 330 |
|
| 22,173 46,485 42,496 3,989 - 26,162 |
|
| NIL NIL NIL NIL NIL NIL |
|
| Total Funds | 34,075 64,726 60,956 3,770 - 37,845 |
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