Church of God IArmaghl Statement of Financial Activity IReceipt5 and Payments Account) for the Year Ended 31 March 2024 Note Unrestricted Funds Restricted Funds Endowment Funds Totsl 2024 Total 2023 Receipts Donations & Legacie5 Investment income Other income 17,425 1,610 14,942 32,367 1,610 18,084 26 Total Receipts 19,035 14,942 33,977 18,110 Payments Charltable Activities 9,067 14,304 23,371 25,469 Total Payments 9,067 14,304 23,371 25,469 Net Receipts/ Payments Transfers net 9,968 638 10,606 17,3591 Net movement In funds 9,968 638 10,606 17,3591 Funds brought forward 01 April 2023 238,188 5,932 244,120 251,479 Deduct non cashlbank related Endowment Funds Funds carried forward 31 March 2024 248,156 6,570 254,726 244,120
Church of God (Armaghl Statement of Assets and Liabilities a5 at 31 March 2024 Unrestricted Funds Restricted Funds Endowment Funds Totsl 2024 Total 2023 Funds Reconclllatlon Bank and cash at stsrt of year 238,188 5,932 244,120 251,479 Net movement in funds 9,968 638 10,606 17,3591 Bank & cash at end of year 248,156 6,570 254,726 244,120 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts 21,641 33,085 20,031 24,089 Total 54,726 44,120 Other Assets Fixed Assets Church Premlses 200,000 200,000 200,000 200,000 Liabilitles Other 254.726 244,120 Approved by trustees on 2311012024 and signed on its behalf by: Trustee Trustee Date: 23/1 024 Date: 2311012024
Church of God (Armaghl Notes to the Accounts- Year Ended 31 March 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS A5 the total income of the congregatlon is less than £250,000 the congregation have elected In accordance wlth the provisions In The Charities (Accounts and Reports Regulatlons (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Endowment funds are funds, the capltal of which must be retained either permanently or at the congregatlon's dlscretlon,. the income derived from the endowment IS to be used either as restricted or unrestricted income funds dependlng upon the purpose for which the endowment was establlshed Sn the flrst place. Restricted funds comprise lal income from endowments which 15 to be expended only on the restricted purposes intended by the donor and Ibl revenue donatlons or grants for a speciflc congregational activity intended by the donor. Where these funds have unspent balances. interest on their pooled Investment Is apportioned to the Individual fund5 on an average balance basis. Unrestricted fund5 are income funds whith are to be spent on the congregation'5 general purposes. Deslgnated funds are general funds set aside by the congregation for use in the future. RECEIPTS 2. DONATIONS & LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Totsl 2024 Donation5 and Gift5 Glft Ald 3,512 13,913 14,942 18,454 13,913 17,425 14,942 32.367 3. INVESTMENTINCOME Unrestricted Funds Restricted Fund5 Endowment Funds Total 2024 Deposlt Interest 1610 1,610 1,610 1,610 4. OTHER INCOME Unre5trlcted Funds Restricted Fund5 Endowment Funds Totsl 2024 Other- From Knocknacloy Other- From Dungannon Church
ChUh of God (Armaghl Notes to the Accounts- Year Ended 31 March 2024 PAYMENTS 5, CHARITABLE ACTIVITES Unrestricted Fund5 Restrlcted Fund5 Endowment Funds Total 2024 Congregatlonal running expenses Donations to Missions and Charlties Governance Costs 3,307 4.00 14,300 3,311 14,300 5,760 5,760 9,067 14,304 23,371 6. FIXED ASSETS The congregation owns the Church premises sltuated at 22 Newry Road Hall, Armagh, Co. Armagh BT60 IEH and the assoclated fixture5 and fittings.
Church of God (Armaghl Notes to the Accounts- Year Ended 31 March 2024 7. FUND BALANCES Balance at start Receipts Payments Surplusl (Deficit) Transfer5 nett Balance at end Unrestrlcted Funds General Bank Deposlt Account General Fund 18,157 20,031 200,000 17,425 1,610 9,067 8,358 1,610 26,515 21,641 200,000 238,188 19,035 9,067 9,968 248,156 Restrlcted Fund5 Lord's Servants Buildings Repairs / Maintenance Outreach / Special Needs 427 4,198 1,307 13,565 13,000 565 992 4,198 1,380 1,377 1,304 73 5,932 14,942 14,304 638 6,570 Endowment Fund5 Total Funds 244,120 33,977 23,371 10,606 254,726