St Colmanell's Church of Ireland Annual report and flnanclal statements For the year erKled 31 December 2024 Charltles Number: NIC103119
st Colmanelys Church of Ireland Annual report and finan¢ial statements for the year ended 31 December 2024 Contents Pages References and administrative details Trustees. annual report Independent examlneffs report to the Trustees Statement of financlal a¢tivtties Statement of financial position Notes to the financial statements 10-16
St Colmanelvs Church of Ireland References and admlnlstralive detai Charlty Narne: St Colmanell's Church of Ireland Charlty Registration Number: NIC103119 Contart Addss. 42 Church Street Ahoghill Ballymena Co Antrim BT42 2PA Trustees Dr Thomas Moodv Mts Elaine McDonald Mrs Rosemary Frayne Mrs Heather Rainey Rev Denni5 Christle Vlr Geor8e Coulter Mr William Armstrong Mr Alvln Donaghy Mr Stephen Mccallion Mr Raymond Rainey Mrs Anne Kee Mr PhilipThompson Mr William Shaw Mr Nigel McNeil Mr Bernard Frayne Mr Nlall Campbell Mrs Eileen Shaw The following trustees resigned during the year:_ Mrs Donna Ashcroft Mr Paul Leggett Prlnclpal Offlce-bearers Cler8y Church Secretary Church Treasurer Church Warden - Cler8y Church Warden- People Rev Dennls Christle Mrs Heathei Rainey Mr William Armstrong Or Thomas Moody Mr Wllllam Shaw Independent Exgmlner Steven Potter FCA Potter Finnegan Limited Chartered Accountants Unlt 25 The Courtyard Business Park 190 Galgorm Road Ballymena Co Antrim BT42 IHL Bankers Danske Bank Business Plus PO Box 183 Donegall Square West Belfast 8T1 6JS
Trusteeg Annual Report lorthe year ended 31 December 2024 The trustees present the annual report and accounts for the St Colmanell's Church of Ireland for the year ended 31 December 2024. Objectlves and Actlvltles The charltable purpose ofthe Church of Ireland is the advancement of Christianity. The principal funrtion of St Colmanell's is to Support the advancement of the Christian rellglon by promotlng the whole mission of the Church. pastoral. evangelisti¢, social and ecumenical. Being open to and engagin8 Wlth society as a whole and offering 5UPPOrt for those needing help are fundamental to the practical delivery of the benefits of Christlanity. As a result of activity In the pursuit of the advancement of the Christian religion. St Colmanell's has custody of property and of records. materials and artefacts of si8nifican¢e trj the cultural and relÉgiou5 herita8e and maintenance of which is undertaken by the select vestry of St Colmanell's. Achlevements. Perfomiance & Public BenÈfft The church has achieved Its objectives by the holdln8 of wular reli8ious Serv1$ and also holdlng varlous youth and other actlvitie5 for the benefit of the local community. The church holds regular public worship service5 on Sundays and worship 5er¥ices on Wednesdays and on other ottasions associated wlth Christian festivals throughout the year. Calendar year 2024 contlnued on from 2023 wlth Churth services returning to normal based worshlp on a Sundav. "Normal" services con5i5ted of Sunday morning prayer yrShiP wlth the fourth Sunday of the month being an all-age service with a more relaxed format. An evening servlce was also conducted once a month. Sunday mornlng attendance ranged from 80 to 110 attendees. Sunday School and crethe were fully fvnctioning on a Sunday morning. Outside of the worship servlces, the church is nomally en8a8ed in several outreach programmes into the local community. throu8h or8anlsations such the Knitting Club. Church members continue to Èn8age in outreach pro8rammes by sendlng cards and/or newssheets at Easter and Christmas. The Church Fete resumed in 2023 along With other successful outrea¢h activities, includin8 a Variety Night and a Pre-loved Clothes Sale. The Rector and two parishioners from St Colmanell's went on an outreach mlssion to Ibba In South Sudan to help bulld relations wtth the local church. Fund raising and don*ions from the congregation supported thls trlp. The Parish has 8iven careful conslderatlon to the Charity Commission for Northern Ireland's guidance on publlc benefit to ensure that the actives ented 5nto during the year have helped to achieve the Parish's objectives and activities, as well as provlding public benefft. Flnanclal Re¥lew Thè trustees conslder that the unrestricted funds of the church have sufficient resources and assets available which are adequate to fulfil their obligations. A detailed analysis of parish income and expenditure 15 Set out in the notes to the financlal statements. General givlng has been reviewed bythe Trustees. and it Is recognlsed that whilst the level of glving has remained steady, it ha5 not kept pace with inflation and the general increa5e5 in the cost of goods and services. Several letters and presentations on givlng hève been presented to the con8re8ation, with regular givers indicating a wllllngness to provide addltlonal support if required. The number of givers by monthly standing order had Increased to more than 65 by 31 December 2024, which provides a regular income to meet ongoing overheads. DuTing 2024. the Parish distributed IO% of free will offerlng to Charitable eause5 across the local and wider community. Distribution to charitable cause5 will continue in 2025. Don3tions to the buildings fund have continued to average £L500 per month up to the end of DÈcÈmbÈr 2024.
Trustees, Annual Report for the year ended 31 Dernber 2024 Icontinued) The trustees allocate income spe¢iFicolly deslgnated for building projects to a buildin85 fund. This is held to provide funds for future building projects as the need arises. Fund5 are currently belng accumulated to assist with the intended future constructton of a new Parish Centre. Full planning approval has been granted for the new Parish Centre in 2023. The project to build the new Parish Centre took on a greater tsrgÈncy during 2024. The inflationary increase in the cost of materials and professional service5 have resulted in a need to review the plans to explore all options vAth affordabilty being the primary consideration. In order to demonstrate stewardship and governance. a Sub-committee was formed to focus on the Parish Centre Projett and report back to the trustees. It should be noted as the buildings fund 15 not a vknolly restricted fund. it has been agreed that, rf required. funds can be moved to support all costs ofthe church. Golng Coneern The trustees have reviewed the budgets for the year ahead and are satlsfied that thero are adequate funds In place to ensure that the Parish can contlnue its actlvlties and the financial statements for the year ended 31 December 2024 can be sl8ned off as a 80ing concern. Strurture, Governance and Management GovÈrnlng Document and Constltution of the Chorlty Chapter111 of the Constltution of the Church of Ireland 8overns Parishes and Parochial Organrsation. The Select Vestry members are the Charlty Trustees. Re¢ruitment andAppolntment olSele¢t Vesty All members of the Church of Ireland who are over the age of 18 and are either resldent within the parish or live elsewhere but have been accustomed members of the congregation for at least three months. may reglster as members of the general vestry of the parish. This allows them to attend and vote at meetings of the general vestry and to stand for election to the select vestry, Meetings of the general vestry are held at least once a year. The Select Vestry is elected as part of this General Vèstry meetin8. The Select Vestry will hold their positlons for a period of onè yÈar. Select Vestry members may be re.eleded annually and there is no limit on the number of term5 whlch may be served. Pay and remuneratlon The stlpend of the Incumbent of the Parfsh is pald directly by the Parish in accordance wlth flgures approved by the General Synod of the Church of Ireland. Orqanlsotionolstrurture The solect vestry is responsible for the day to day management of the parlsh. The select vestry consists of the member of the cler8y servin8 in the parish, any curate as5i5tsnt {"the curate°l. the churrhwardens, the 8lebe wardens and generally not more than twelve other members of the general vestry elected at the General Vestry. The select vestry is chalred by the incumbent or other member of the clergy offictating in the parish. Select vestry members are responsible for making decisions on mattets of general concem and importance to the parish includlng decidin8 how parish funds are to be applied. The select vestry meets at time5 fixed by the members or by the diocesan synod. Speclal meetings may be convened at any time by the chairperson or the churchwardens. In 2024 the Selert Vestry had 10 face to face meetin85 and an Easter Vestry. Thè average attendance was more than 75%.
Trustee< Anoual Report forthe year ended 31 December 2024 (contlnued) StatÈment of Trustees, Responsibllltles The trustee5 are responsible for preparinE the Trustee Report and the financial statements In accordanre with applicable law and re8ulations. The law appllcable to charitles in the Northern Ireland requires the trustees to prepare financial statements for each rinancial year. Under that law the trustees have prepared the finafttial statements in accordance with Generally Accepted Accounting Practice in the United Klngdom laccounting standards issued by the Financial Reporting Council In the UK, includin8 Charities SORP (FAS 102)- Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wÈth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021.and promulgated by the Institute of Chartered Accountants In the United Kingdom and United Kingdom Lawl Under that law the trustees must not approve the financial statements unle55 thev are satisfled that they give a true and fair view of the state of the affairs of the charity and of the statement of financial activities of the charity for that period. In preparing these financial statements. the trustett ère qUired to: select suitable accounting pollcles and then apply them consistently make judgments and estimates that are reasonable and prudent state whether the financial statements have been prepared in accordan with applicable Accounting Standards and identify the standard5 in queslion. subject to ony material departures being disc105ed and explained in the finBnclal statements,. and prepare the flnancial statements on the going concern basls unles5 it is Inapproprlate to presume that the Parish will contlnue as a going concem. The trustees are responsible for keeping accountlng records that are sufficlent to show and explain the Parish's transactions and disclose with reasonable accuraty at any time the financFal position of the Parish and enable them to ensure that the financial statements comply with the Charltles Act (Northern Ireland) 2008, the Charity (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provi5i0n of the Constttutlon of the Church of Ireland. They are also responslble for safeguardin8 the assets of the Parish and hen for takin8 rea50nable steps for the prevention and detectlon of fraud and other IrreBularitie5. Statement as to dlxlosure to our Examiners In so far as the trustees are aware at the tlmlng of approving our trustees. annual report: there 15 no relevant informatlon of whkh the Independent Examiner is unaware; and the tru5tee5 have taken 311 steps that they ought to have taken to make themselves aware of any relevant Information ond to e5tabllsh that the charitys Independent Examiner is aware of that information. Independent Examiners The independent examiner, Steven Potter. has indicated his willlngness to continue in offi. and a re501utlon concerning his rÈÈppointment will be proposed at the Annual Easter Vestry Meeting. Slgned on behalf of the Trustees- Rev Dennis Christ Rector Dr Thomas Moody Trustee Mr Wllllam Amistron8 Trustee Date: _ 10 March 2025
Independent Examiners Report to the Trustee5 of St Colmanelvs Churth of Ireland report on the accounts of St Colmanell's Church of Ireland for the year ended 31 Dember 2024, which are set out on pages 8 to 16. Respectlve re5ponslbllltles of trustees and examlner As the chariW5 trustees. you are responsible forthe preparètion of the accounts. The tharitws trustees tonsider that an aud5t is not required for this year under 5Èrtion 65121 of the Charities Act {Northern Ireland) 2ts)8 {the Charities Art) and that an iTbdependent examination is needed. The charity is preparing accrual accounts, and l am quallfied to undertake the examlnation by belng a qualified member of CharterÈd Accountants Ireland. It TS my responslbllity to.. exèmlne the accounts under sertion 65 of the Charities Act (Northern Ireland) 2008 follow the procÈdvres laid down in the General Direttions gNen by the Charity Commi55ic>n for Northem Ireland under settion 6519llbl of the Charities Att (Northern Ireland) 2008 state whether partlcular matters have come to my attention Basts of Independent examlnerfs report My examination wa5 carried out in accordance with the General Directions given by the Charity Commlsslon for Northern Ireland. An examination includes a review of the attounting records held by the charity and a comparison of the attounts presented with those records. It also includes consideratlon of any unusual Items or disclosures In the accounts and seeklng explanation5 from you as trustees concernine such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present true and falr vlew and the report Is Ilmlted to those matters set out in the next statement. Indepethdent examinerfs Statement In connection with my examinotlon. no matter has come to my attentlon: Whlch gives me reasonable cause to belleve that in any material respert the requlrements: to keep accounting records In accordance with section 63 of the Charities Act 2Q08 to prepare accounts whlch accord wlth the a¢countin8 records and comply wlth the accountlng requlrements of the Charities Act 2008 Haye not been met, or to whlch in my oplnion, attention should be drawn In order to enable a proper understanding of the accounts to be reached. ¢oHe/ Steven Potter FCA Potter Flnftegan Llmlted Charterèd Accountants Unit 25 The Courtyard Business Park 190 Galgorm Road Ballymena Co AntTim BT42 IHL Date:_ 10 March 2025
Statement of Financial Artlvltles for the year ended 31 December 21)24 Unrestricted Reslrirted End4)wment Funds Funds Funds 2024 2024 2024 Total 2024 Total 2023 Income Donation5 & legacies Other trading activltle5 Investments Charitable activities Other income 84.160 8,659 1,170 2.339 11.925 23.366 9,176 2.081 107,526 17,835 3,251 2.339 11,925 111,S92 6.448 5,901 2,178 12.730 Total Income 108.253 34.623 142,876 138,849 Expendlture on: Generating funds Charltable activltles Other Total Expendlture 10,512 111.93S 10,512 111,93S 112.381 122.447 122.447 112.381 Net Income/ IExpendliure) before transfers (14,194} 34,623 20.429 26.468 Transfers between funds Net Incomel IExpendlture} before other reco8n15ed galn5 and losses {14,1941 34,623 20,429 26.468 GainllLossl on Investments Net rnovement In funds 114.194) 34,623 20,429 26,468 Reconciliatlon of funds: Totsl funds brought forward 6L399 824,435 885,834 859.366 Total funds carrled forward 47,205 859,058 906,263 885,834
Statement of Financial Posltlon as at 31 December 2024 Note 2024 2023 Fixed Assets Tangible Fixed Assets Invostment Properties Investments Total fId assèts io 478,434 448,072 478.434 448,072 Current Assets Debtors Cash and cash equivalents Total current assets li 20,344 410,340 430.684 19,655 419.007 438.662 Credltors- amounts falling due wlthln one year 12 12.8551 1900) Total creditors (2,8551 19001 Net Curreftt Assets 427.829 437,762 Total net Assets 13 906,263 885,834 The funds of the parfsh Unrestrlrted funds General funds Oesignated funds Total unrestrirted funds Restrlcted Funds Endowrnent Funds 14 47.205 61.399 47.205 859.058 61.399 824,435 14 Total charlty fund5 906263 885,834 The notes on pages 10 to 16 are an inteerdl part ofthese financial statements. The financial Statements were approved by the Board of Truste¢s at a meoting of the Select Vestry on 10 March 2025 and slgned on its behalf bv.. Rev Dennls Christle Rertor omas Moody Trustee Mr Wllllam Annthong Trustee
Notes to the finan¢lal ststements for the year ended 31 December 21)24 l Accountln8 policies The principal accounting policies adopted. judgements and key Sources of estimation uncertainty in the preparation of the financial statements are as follows= al Basls of preparalion The financial stètements have been prepared on a going concern basis in accordance with Accountin8 and Reportin8 by Charitles: Statement of Recommended Prartice applicable to charltÉes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021- (Charities 50RP IFRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. The Parish mpets the definitlon of a public benefit entlty under FRS 102. A55ets and liabilities are initially recognised at historlcal cost and transaction value unless otherwise stated In the relevant accounting pollcy note{sl. b) Preparation of ateounts on a 8oln8 concern basls The Parish generally meets sts day to day working capital requirements from its annual Income. The Trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are satlsfied that the Parish has resources to provlde a reasonable expertotlon that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore, these financial statements have been prepared on a 8Ofng concern basis. c) Income Plate Collections. Weekly Envelope5 and Graveyard income are acwunted for on a cash rpts basls as the amount Is collected. Income arising from the rentsl of the Church Hall facilitles to thlrd parties 15 recognised when the parish has entltlement to the funds, any porformance condition5 èttached to the income have been met, It 15 probable that the income wlll be received, and the amount can be measured reliabty. Income from government and othergrants. whether'capitsl, grants or'revenue, grants, Is recognised when the charity has entitlement to the funds. any performance conditions attached to the grants have been met, it is probable that the income wlll be received. and the amount ¢an be rneasud reliably and Is not deferred. Legacies are included within Income under either unrestricted or restricted funds according to the terms under which the donation Is made and when the amount tan be quantified with reasonable certainty. Donations and 8lfts in kind are brought into the attounts at their fair value to the Parish. d) Expendlture ExpenditurÈ is recognised once there is a le8al or constrvctive obli8ation to make a payment to a third party. it is probable that settlement will be requlred. and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost agalnst the actNity for which the expenditure was Incurred.
Notes to the financlal statements for the year ended 31 December 2024 l Accountlng polkles (continued) e) Tangible assets The assets of the Parish comprise:_ Church 8uilding and Graveyard Church Hall Glebe House Fixtures and fittings The Church Bulldln8 and Graveyard are deemed to be Herltage assets as defined by the Charities SORP IFRS1021. These Heritage assets are not included on the balance sheet as inforniation on the c05t or valuation is not available and such Information cannot be obtained at a ost commensurate with the benefrt to the users of the accounts and to the Parish. The Church Hall was bullt In the 19Ws. There are no reliable records of the costof thls construction and valuatlon approach for such a buildlng lacks sufficient reliability. As a result. this building is not recognised in the parish balance sheet. The Glebe House is recogni5ed at Cost, belng the estimated fair value of the property at year end. No depreciation has been provided on the Glebe House as the current estimated residual value Is not le than its carryin8 value and the remaining usefvl life currently exceeds 50 years. Flxiures and FSttlngs are recognised at cost and are depreciated on a straight-line basis over a period of 10 years. The assets. residual values and useful Ilves are reviewed, and adjusted, if appropriate, at the end of each reporting perlod. The effect of any change is accounted for prospectlvely. Tanglble assets are derecognised on dlsposal or when no luture economic benefits are experted. On disposal. the difference between the new disposal proceeds and the carrying amount is recognised in the statement of financial actlvltles and included in 'Other operating11055es)18ains'. fj Investments Fixed a55et Investments comprlslng investment properties, investments in equities and Investment in RC81CIT Unlt Trusts are initially recorded at cost and are then subsequently stated at fair value at each balance sheet date. Investments in unquoted investments are recorded at cost and are asse55ed annually for impalmnt. Unreallsed gain5 and losses represent the difference between the falr valuè at the be8lnnin8 and end of the financial year or, if purchèsed in thè year. the difference between cost and fair value at the end of the year. Realised gains and losses represent the difference between the proceeds on dlsposal and the falr ¥alue at the start of the year or cost if purchased in the year. Both realised and unrealised galns and losses in investments are reported within "Net Galns / ILossesl on Investments" Withln the Statement of Financial Activities. zl Cash and cJ5h equfvalents Cash and cash equivalents includes cash in hand. deposits held at call with banks, other short-term highly Ilquld Investments with original maturitie5 of three month5 or less and bank overdrafts. Bank ovÈrdraft5 are shown wlthin Creditors Amounts falling due within l year. h) Yinanclal Inslruments The Par15h only hasfinancial assets ènd ftnancial IlabllÈtie5 of a kindthatqualifyas basicfinanclal Instrument5. Baslcflnandal instruments are initially reco8nised at transattion price and subsequently measured at their settlement value.
Notes to the flnanclal statements for the year ended 31 Detember 2024 A¢countlng polldes Icontinued) i) Funds Funds are classified as etther restricted funds or unrestricted funds, defined as follows: Restricted fund5 are funds subject t0 Specific requirements as to their tjse which may be declared by the donor or with their authority or created through legal processes, but still wlthin the wider objects of the Parish. Endowment funds are funds which have beèn given on the condition that the original capitsl sum is not redud, but the Income there from is used for the purpose defined in accordance wFth the objects ofthe Parlsh. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the dlscretion of the trustees for a particular purpose. they are deslgnated as a separate fund. This deslgnation has an administrative purpose only and does not legalty striCt the trustees, discretlon to apply the fund. 2 Crltl¢al accountlngJud8emènts and estlmatlon un¢ertathty Estimates and Judgment5 made in the process of preparing the financial Statements are wntlnually evaluated and are based on historical experience znd other factors, includln8 expectations of future events that are belleved to be reasonable under the clrcumstances. The Tru5tee5 do not consider that there are any crltlcal Judgments made in applying the Parlsh's accountlng policies or that there are any crltical accounting estimates or assumptlons which may have a significant rlsk of causing a material adjustment to carrying amounts of assets and liabilities withln the next financlal year.
Note$to the financlal statementsforthe year ended 31 December 2024 Dohatlons and legacies Unrestrkted Restricted Fund5 Fund5 2024 Endowment Funds 2024 Total 2024 Total 2023 Weekly envelopes l FWO Tax recovered on donations Legat1È5 Oonations Grants 67.397 15.420 16,Sg0 3.047 83.987 18,467 86,566 17.752 2,(M)O 5,274 1.343 3.729 5,072 84,160 23,366 107,526 111,592 4 Other tradlng activities Pr&loved clothing sale Ibba Trlp Varlety concert and qulz Summerfete General fundraising 1,113 1.113 7.741 3,320 3.393 2.368 17.835 1,337 7.741 3.220 3.393 1.450 9,176 3,209 1,902 6,448 918 8.659 Investments Deposit interest Bank Interest 1.088 82 1.170 1,088 2,163 3,251 814 5,087 5,901 2.081 2,081 6 Charltable artivltles Graveyard income General fundraising 2,125 214 2.339 2.125 214 2,339 1,465 713 2.178
Notesto the financTal staternentsfor the year ended 31 December 2024 7 Anatysls ot Expendlture Unrestrlrted Funds 2024 Restrlcted Funds 2024 Endownent Funds 2024 Total 2024 Total 2023 GeneratlnK Funds Fundraising costs Ibba Trip Other 8,674 1.838 8.674 1,838 10.512 10.512 Charitable Actlvltles Wages and salaries Dlocesan costs Church running costs Glebe costs Charitable donations Admin15tration costs Total empenditure 50.580 19,121 13.534 13.160 5,255 10,285 111.935 50.580 19,121 13.534 13.160 5,255 10,285 111,935 50,321 18,400 18,904 7,210 7,165 10.381 112,381 Total Exp•ndlture 122.447 122.447 112,381 Governance c05t5 are included within admlnlstratlon costs above. 8 Taxation st Colmanell's Church of Ireland Is recognlsed as a charity for the purposes of appllcable taxation leg151atlon and Is therefore not subject to taxatlon on Its ¢harltable activities. 9 Analysls of stsff ¢osts. trustee renwnerntion and expenstt, and the ¢ost of key mana8emert personnel Employees 2024 2023 Salarles and wages National insurance costs 50,321 50,321 Total 50,321 50,321 The average number of employees durfng the year. calculated on the basls of a head count. was as follows: 2024 Number Z023 Number Minlsterlal support Muslc staff Premises maintenance
Notes to the fift0141 statements for the year ended 31 Dember 2024 There arÈ no employees in receipt of employee benefrts In Èxcess of £60.OIX). Key Management and Trustees Key management are deemed to comprise the Trustees. The parish paid expenses of £2.445 relating to the running costs of the Glebe House which is occupied by the rertor. No trustee received any remuneration or reimbursement of expenses during the year other than the Rector. The stlpend ar*d other expenses paid to the Rector totalled £48.429 {2023 - £46,441). No trustee or a person related to a trustee had any personal Interest in any contract or transaction entered into by the charity durin8 the year. 10 Tangible fixed assets Bulkllngs Equlpment Total Cost At beginnin8 of the year Additlons Disposals At end ofthe year 442,292 20,055 97,546 13.574 539.838 33,629 462,347 111.120 573,467 Depredation At beginnlng of the year Depreciation Olsposals At end of the year 91.766 3,267 91,766 3,267 95,033 95,033 Net book value at be8innlng of the year Net book value at end of the year 442,292 462,347 5,780 16.087 448,072 478,434 11 Debtors 2024 2023 Sundry debtors Other debtors 20.344 19,655 20,344 19,655 12 Credltors Amounts Due wtthin l Year 2024 2023 Accruals and other credltors 2.855 2,855 900 900
Notes to the financlal ststements for the year ended 31 De¢ember 2024 13 Analysis of Net Assets Among Funds Genernl Desi8nated Restrkted Endowrnent Total Fixed Assets Investments Current Assets Current Llabilities Net assets al 31 Dec 2024 16.087 462,347 478,434 33,973 12.8551 47,205 396.711 430,684 {2,8551 906,263 859,058 14 Fund5 of the Parlsh AtlJJn 2024 At 31 Dec 2024 Income Empendlture Transfers Endowment fvnds Restrlrt¢d funds Buildin8s Fund 824.435 824,435 34,623 34,623 859,058 859.058 Unrestrleted funds General Fund 61,399 61,399 108,253 108.253 1122,4471 1122,4471 47,205 47,205 Totsl funds 885,834 142.876 {122,447) 906,263 oses of Restrlcte nd5 Bulldln8s Fund: Thls rlng fences funds for future bulldSng projects wlthln the Parbsh which are necessary to support the church's worship and outreach pro8rnm.