DESERTCREAT PARISH CHURCH. COOKSTOWN CHURCH OF IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Attount) for the year ended 31 December 2024 Note Unrestrirted Funds Restrirted Funds Total 2024 Total 2023 Receipts Donations and legacies Cha rita ble activities Other trad ing activities Investment Income Other 871(X) 4362 2171 5916 3110 11320 98420 4362 2171 7592 3110 103309 15679 1535 5554 3378 1676 Total Receipts 102659 12996 115655 129455 Payrnents Raising funds Charita ble activities Investment costs Other 91039 1250 92289 97862 Total Payments 91039 1250 92289 97862 Net receipts / (payments) Transfers between funds 11620 112501 11746 1250 23366 31S93 Net movement in funds Funds brought forward 10370 40576 12996 107781 23366 148357 31593 116764 Funds carried forward 12 50946 120777 171723 148357
DESERTCREAT PARISH CHURCH, COOKSTOWN 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 40576 10370 107781 12996 148357 23366 116764 31593 Bank and Cash at end of year 50946 120777 171723 148357 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 50946 120777 171723 148357 171723 148357
DESERTCREAT PARISH CHURCH. COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL sfATEMENTS As the total income of the congregation is less than £250,OCK) 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 basi5. 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 endowment5 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 Restricted Funds Total 2024 Total 2023 Recorded giving Loose collections Donations and gifts Gift Aid Legacie5 and bequest 62662 1474 4542 18422 11320 73982 1474 4542 18422 77169 2557 5867 17716 8711X) 11320 98420 103309
DESERTCREAT PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 1483 500 2379 1483 500 2379 344 1466 13269 600 4362 4362 15679 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restrictsd Funds Total 2024 Total 2023 Hall Hire Trading income 2171 2171 1535 2171 2171 1535 INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Deposit interest RCB Distribution Rents investment properties Other investment income 1621 1621 946 4970 55 1082 4472 946 4970 55 5916 1676 7592 5554
DESERTCREAT PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Expenses Contribution Insurance Claim Other income 2626 379 105 2626 379 105 1183 1968 227 3110 3110 3378 RAISING FUNDS Unrestricted Funds Restrirted Funds Total 2024 Total 2023 FWO envelopes Fundraising events CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Diocesan Assessments Ministry and support staff costs Congregational running expenses Donations to Missions and charities 51727 1895 37417 51727 1895 37417 1250 49498 1720 45194 1450 1250 91039 1250 92289 97862
DESERTCREAT PARISH CHURCH. COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Total 2024 Total 2023 Investment properties expenses 10. FIXED ASSETS The congregation owns the Church premises situated at 50 Lower Grange Road, Cookstown, BT80 8SL and the associated fixtures. fittings, plant and machinery. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 Property Other investments
DESERTCREAT PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2024 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds No. l Account 40576 102659 91039 11620 11250) 50946 40576 102659 91039 11620 (1250) 50946 Restrirted Funds Fabric Fund Account No. l Account- Missions/Charities 107781 12996 12996 {12501 120777 1250 1250 107781 12996 1250 11746 1250 120777 Total 148357 115655 92289 23366 171723