ST. ANDREW'S PARISH CHURCH, ARDTREA CHURCH OF IRELAND STATEMENT OF FI NANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestrirted Funds Restrirted Funds Total 2024 Total 2023 Receipt5 Donations and legacies Charitable activities Other trading activities Investment Income Other 40419 212 3190 43609 212 25261 1653 38 Total Receipts 40631 3190 43821 26952 Payments Raising funds Charita ble activities Investment cost5 Other 25781 150 25931 28973 Total Payments 25781 150 25931 28973 Net receipts / Ipaymentsl Transfers between funds 14850 3040 17890 (20211 Net movement in funds Funds brought forward 14850 8236 17890 40550 {20211 42571 32314 Funds carried forward li 23086 35354 58440 40550
ST. ANDREW'S PARISH CHURCH, ARDTREA CHURCH OF IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restricted Total Funds Total Funds Funds 2024 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 8236 14850 32314 3040 40550 17890 42571 120211 Bank and Cash at end of year 23086 35354 58440 40550 Bank & Cash Balances Bank Deposlt Accounts Bank Current Accounts Cash in Hand 23086 35354 58440 40550 58440 40550
ST. ANDREW'S PARISH CHURCH. ARDTREA CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation 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 bas1S. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation'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 congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestricted Funds Restrirted Funds Total 2024 Total 2023 Recorded giving: FWO Loose collection5 Donations and gifts Gift Aid Legacies and bequest 21609 945 3190 24799 945 24592 282 i(x) 17554 311 17554 311 287 40419 3190 43609 25261
ST. ANDREW'S PARISH CHURCH, ARDTREA CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE AcfiviTIES Unrestrirted Funds Restricted Funds Total 2024 Total 2023 Income from charitable activities Fees from graveyard Fundraising event5 Membership fees Grants 793 212 212 260 600 212 212 1653 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Use of Hall Trading income INVESTMENT INCOME Unrestricted Funds Restrirted Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment properties Other investment income
ST. ANDREW'S PARISH CHURCH, ARDTREA CHURCH OF IRELAND NOTE5 TO THE ACCOUNTS (convd) 31 December 2024 OTHER INCOME Unrestricted Funds Restrirted Funds Total 2024 Total 2023 Insurance claim5 Magazines Other Income 38 38 RAISING FUNDS Unrestricted Funds Restricted Funds Total 2024 Total 2023 FWO envelopes Fundraising events CHARITABLE ACTIVITIES Unrestricted Funds Restricted Fund5 Total 2024 Total 2023 Diocesan Assessments Ministry and support staff cost5 Congregational running expenses Donations to Missions and charities 11313 1712 12756 11313 1712 12906 14479 683 13711 150 25781 150 25931 28973
ST. ANDREW'S PARISH CHURCH, ARDTREA CHURCH OF IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2024 OTHER EXPENDITURE Unrestrirted Funds Restricted Funds Total 2024 Total 2023 Church Properties Expenses 10. FIXED ASSETS The congregation owns the Church premises situated at 50 Lower Gran8e Road, Cookstown, BT80 8SL and the associated fixtures, fittings, plant and machinery.
ST. ANDREW'S PARISH CHURCH. ARDTREA CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds No. l Account 8236 40631 25781 14850 23086 8236 40631 25781 14850 23086 Restrirted Funds Repair Fund Mission Account Missions/Charities 30384 1930 3190 150 3040 33424 1930 32314 3190 150 3040 35354 Total 40550 43821 25931 17890 58440