Rugby Avenue Congregational Church Trustees, Report and Financial Statements for the year ended 31 December 2024 Ripts and Payments Account For Financlal Year ended 31 December 2024 Unrestrfrted Funds 2024 Restrirted EndOWnt Funds Funds 2024 2024 Total 2024 Total 2023 Note Receipts Donations and legacies I nvestmenVBank Income Other Income 18,794 1.817 596 2,722 21,516 1,817 596 25,834 256 1,863 Total ReIpts 21.207 2,722 23,929 27,953 Payments Raising funds Charitable activitEs 95 22,464 95 26,399 26A94 3.935 32,367 Total Payments Net of Receipts/(Payments) before Transfers Transfers between Funds Surplus/(- Deficlt) for the year 22.559 3,935 32,367 -1.352 -1,213 -2,565 -1.213 1,213 -2.565 4.414 -2,565 4,414 Reconclllatlon Funds brought forward Surplus/(- Deftcit) for theyear Funds carrled fonyard 96,459 -2,565 93.894 96,459 100,873 -2,565 4,414 93,894 96,459
Rugby Avenue Congregational Church Trustees, Report and Financial Statements for the year ended 31 December 2024 Statement of Assets and Liabillties As at 31 December 2024 Unrestrirted Re5trirted EndoWt Funds Fun& Funds 2024 2024 2024 Total 2024 Total 2023 Note Funds Reconclliatlon Bank and Cash atstsrtof year Net movement in funds Bank and Cash at end of year 96.459 -2,565 93.894 96,459 -2,565 93,894 100,873 4,414 96,459 Bank & Cash Bal5 Bank DepositAccounts Bank Current Accounts Total Bank & Cash Balances 51,973 41,921 93.894 50,275 46.184 96,459 Approved by the Trustee5 at a meeting on 16 April 2025 and signed on their behalf by: Margaret Stokes Treasurer Date.. 16 April 2025
Rugby Avenue Congregational Church Trustees, Report and Financial Statements for the year ended 31 December 2024 Notes to the financlal statements Accounting Policies Accounting standards As the totsl income of the congregation is less than £250,IJX) 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 reIpts and payment basis. Fund accounting Unrestricted funds are expendable at the discretion of the management committee in the furtherance of the charitable objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. Endowment funds, in simple terms, refers to a gift of property or money given to a charity as a restricted fund. Trust law qUireS a charity to invest the assets of an endowment, or to retain them for the charit$ use in furtheran of its charitable purposes, rather than apply or Spend them a5 income. The income generated from endowment funds held for investment is then used to further the purposes of the charity. ststus The Rugby Avenue Congregational Church is an unincorporated associatlon and Is registered with the Nl Charities Commission with registration number NIC11952. Donatlons and Legades Unrestrkted Restrkted Endowment Fund5 Funds Funds 2024 2024 2024 Total 2024 Total 2023 FeWill Offerings Collections Donations, grants and gifts Gift Aid on Donations 6,610 8.059 355 3.770 6,610 8,296 2,840 3,770 8,215 8,395 8,224 237 2,485 Total Donations and Legacies 18,794 21,516 24.834 10
Rugby Avenue Congregational Church Trustees, Report and Financial Statements for the year ended 31 December 2024 Notes to the financial statements contlnued Investment Income Endowment Funds 2024 Funds 2024 Funds 2024 Total 2024 Total 2023 Total Bank Interest 1,817 1,817 256 Total Investment Income 1.817 1,817 256 5. Other Income UnStrkted Restricted Endowment Funds Funds Funds 2024 2024 2024 Totsl 2024 Total 2023 Event I ncome Other Income 594 594 660 1,203 Total Other Income 596 596 1,863 6. Ralsing Funds Restrlrted Endowment Funds Funds 2024 2024 Funds 2024 Total 2024 Total 2023 FWO Envelopes 95 95 Totsl Raislng Funds 95 Nil expenditure in 2023 as sufficient FWO envelopes remained from those purchased in 2021. 11
Rugby Avenue Congregational Church Trustees, Report and Financial Statements for the year ended 31 December 2024 Notes to the financlal ststements continued 7. Charltable Actlvitles Endowment Funds 2024 Funds Z024 Funds Totsl 2024 Totsl 2023 Ministry and Support Staff Costs Congregational Runnin8 Expenses Christmas DInr Caterin8 Buildin8 Maintenance Expenses Donatlons to Mlssions & Charities Con8re8ational Union of Ireland Subscription Governa nce Costs Total Charltable Actlvltles 11828 11,828 11,910 1786 650 2.786 650 5.184 579 6.812 6.812 3,935 3.935 4,694 iio 278 iio 85 71 32.367 278 26.399 3.935 8. Fixed Assets The congregation owns the Church premises situated at 8 Queensfort Road, Carryduff, BT8 8NG and the associated fixtures. These have an insurance value of £2,567.875. 12
Rugby Avenue Congregational Church Trustees, Report and Financial Statements for the year ended 31 December 2024 Notes to the financial statements continued 9. Fund Balances 2024 2023 Unre5trlcted Funds At l January Net Surplus/l- Def1t) for the year Funds transfer 96.459 -1,352 -1,213 100,873 3,036 -1,378 At 31 December %,459 Restrfrted Funds At l January Net Surplusll- Deficit) for the year Funds transfer At 31 December Endowment Funds At l January Net Surplusll- Deficit ) for the year Funds transFer At 31 December Totsl Funds 96,459 10. ReSmbursements to officets and the management commlttee There were no expenses incurred b¥ the officers and management committee members in undertaking the activities of the charity which required to be reimbursed. Apart from the Minister (as declared within the Trustee's Report above) no other Trustee, Principal Office Bearer or Management Committee member received any remuneration during the year (2023: £Nil). 13