Christ Church (Congregational) Abbots Cross Accounts st st Period l January 2024 to 31 December 2024 Contents Foreword by Charity Trustees Receipts and payments Account Statement of assets and liabilities Missionary Disbursements Notes to the accounts Foreword by the Trustees The accounts for Christ Church (Congregational) Abbots Cross have been prepared on a receipts and payments basis. The accounts are published to comply with our registration as a charity with the th Charity Commission for Northern Ireland on 12 May 2016. Abbots Cross is not a fund raising body, income is solely from voluntary/freewill sources contributed by members and other attendees/adherents and we are grateful to all those who have contributed. Our Trustees Annual Report gives a brief but broader picture of Abbots Cross. Thanks also to lan Murray Co. for carrying out the independent examination of our accounts. CHRIST CHURCH CONGREGATIONAL Ablk>ts Cross Financial Statements for the ear ended 31st December 2024 Recei ts and Pa ments Account for the ear ended 31st December 2024 Unrestricted Restrirted Endowment Funds Funds Funds Total 2024 Total 2023 Recei Voluntary giving Gift Aid Donations and Bequests Other Income Investment Income 100,608 28,417 1,470 27,008 127,616 28,417 1,470 127,243 8,737 1,751 2,592 216 234 234 130,729 27.1)08 157,737 140,539 Pa ments Cost of Fundraising Charitable Activities Governance Costs 109,500 27,051 136,551 125,667 109,500 27,051 136,551 125,667 Before transfers between funds 21,229 {431 21,186 14,872 Transfers between Funds Neto eratin Sur lus Deficit 21,229 143) 21.186 14,872 The reconciliation of the receipts and payments shown above to the total funds of the Church is disclosed on the following page CHRIST CHURCH CONGREGATIONAL Abbbts Cross Financial Statements for the ear ended 31st December 2024 Statement of Assets & Liabilities Reconclllatlon of Receipts and Payments Account Unrestrlcted Restrlcted Endowment Funds Funds Funds Total 2024 Total 2023 Opening Funds at beginning of year Surplus/ (Deficit) for the year 61.961 21,229 83.190 2,409 143} 2,366 64,370 21,186 85,556 49,498 14,872 64,370 Closing Funds at end of year 83,190 2,366 85,556 64,370 Held as followings: Bank Current Account No. I Bank Current Account (Maintenance) Bank Current Account (Missionary) Cash in hand 83,190 800 1,566 83,990 1,566 61,961 2,408 83,190 2,366 85,556 64.370 Non-monetary Assets (not Included above) Unrestricted Restrlcted Endowment Funds Funds Funds 4,931,000 355,000 5,286,000 Total Total 2024 2023 4,931,000 4,931,000 355,000 355,000 5,286,000 5.286,000 Church, Halls & Contents Manse The trustees are of the opinion that given that the age of the Church buildings & Other property that the most appropriate basis of valuation is the Insurance cover which is shown above. statement of Material Liabilities The Trustees are not aware of any material liabilities at the date of this Report Approved by the Trustees on 20th October 2025 and signed on their behalf bv:" Trustee - Trustee - Disbursement to Missionaries Each week, we donate at least IO% of our weekly income to Students and full-time Christian workers and on each tenth Sunday give the entire offering to designated missionary work. The missionary giving to our full time Christian workers who are also church members approved by the church was £18,940. Those supported in this way are as below:_ Beverley Mcmaster (Child Evangelism Fellowship Ireland) Child Evangelism Fellowship Ireland (support for Beverley Mcmaster) Heather Wilson (Faith Mission Ireland} Matthew & Elizabeth Cuthbert (New Tribes Mission) Stephen & Heather Cuthbert (New Tribes Mission} CHRIST CHURCH CONGREGATIONAL Abbbts Cross Financial Statements for the ear ended 31st December 2024 Notes to the Accounts Basis of AccountFn under Recel ts & Pa ments Revenue that the Charity is entitled to is recorded when received, expenditure that the Charity incurred is recorded when paid. The Congregation has a policy of every 10th Sunday setting aside the entire offering for Missionary work and on the other Sundays, setting aside 1/10 of the offering fro Missionary work. Pur ose and nature of funds General unrestricted fund . These aTe funds that have been received carrying no restriLtion on their use and arc put to purpose at the discretion of the trustees in furtherance of the objects ol the Charity. The following designated funds arc hcld within the general unrestricted funds. these discretionary funds are se aside by the Trustees for a specific puryose.. Re.8tricted funds: are funds subject to specific trusts. which are declared by the donor(s) and are expendable b) th¢ truste¢s in furtherance of some particular aspect(s) of the objects of th¢ charity. These funds are subject to restriction (as to their use) imposed by those from whom the funds are obtained. Resources received but not yet expended at the end of the financial year are retained as a reserve. Endowmeni funds: where there is no power to convert thc capital into income, is known as a pcnnanenl endowment fund and the capital is normally held indefiniLely. Where tru.%tees have the power Lo convert endowment fithds into incotne, such funds are known as expcndable endowments. Any funds held undcr this classification by the Charity arc pcrn]anent. Trustee benefits in total 2024 2023 Remuneration 19,786 9.454 Reimbursed expenses 522 266 As explained in th¢ Trustees Report, the only private benefit tlowing from our pury)ose in relation to the trustees is to those in paid employment within our congregation who recelve benefits as a Ycsult of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are iio other private benefits.