# **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**| Page - 1 - ## **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: Page -2- ## **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| Page -3- ## **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| Page -4- ## **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| Page -5- ## **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**| Page -6- ## **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**| Page -7-