ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restricted Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 16705 3843 2077 476 861 16705 12327 2077 476 861 16359 6520 2077 224 424 Total Receipts 23962 8484 32446 25604 Payments Raising funds Charita ble activities Investment costs Other 18711 6341 25052 22900 Total Payments 18711 6341 25052 22900 Net receipts / Ipaymentsl Transfers between funds 5251 (1450) 2143 1450 7394 2704 Net movement in funds Funds brought forward 3801 39934 3593 1625 7394 41559 2704 38855 Funds carried forward 11 43735 5218 48953 41559
ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restrirted Total Funds Total Funds Funds 2024 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 39934 3801 1625 3593 41559 7394 38855 2704 Bank and Cash at end of year 43735 5218 48953 41559 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 17048 26687 17048 31905 16801 24758 5218 48953 41559 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Investments- Note 11 Gift Aid receivable on donations Liabilities Loans Other
ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMEKrs As the total income of the congregation 15 less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulation5 (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. 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 Unrestrirted Funds Restricted Funds Total 2024 Total 2023 Recorded giving: FWO Loose collections Donations and gifts Gift Aid Legacies and bequest 8659 2614 3142 2290 8659 2614 3142 2290 8891 2494 2092 2882 16705 16705 16359
ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestrirted Funds Restricted Funds Total 2024 Total 2023 Income from charitable activities Grants 1193 2650 943 2136 7541 10191 6520 3843 8484 12327 6520 OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Land Lettings Farm Income 1692 385 1692 385 1692 385 2077 2077 2077 INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Dep051t interest RCB Income Bank Interest 252 252 47 216 216 169 476 476 224
ST. COLMAN'S PARISH CHURCH. ARDBOE CHURCH OF IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Magazines Heat & Light Contribution Other Income 22 402 861 861 861 861 424 RAISING FUNDS Unrestricted Funds Restricted Funds Total 2024 Total 2023 FWO envelopes Fundraisi ng events CHARITABLE ACTIVITIES Unrestritted Funds Restrirted Funds Total 2024 Total 2023 Diocesan Assessments Ministry and support staff costs Congregational running expenses Donations to Missions and charities 10265 1370 7076 10265 1370 11967 1450 10896 1490 8929 1585 4891 1450 18711 6341 25052 229(X)
ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restrirted Funds Total 2024 Total 2023 Investment properties expenses 10. FIXED ASSETS The congregation owns the Church premises situated at 207 Ballymaguire Road, Dungannon, BT715AY and the associated fixtures, fittings, plant and machinery.
ST. COLMAN'S PARISH CHURCH. ARDBOE CHURCH IN 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 39934 23962 18711 5251 {14501 43735 39934 23962 18711 5251 {14501 43735 Restrlcted Funds Community Group Account No. l Account- Missions/Charities 1625 8484 4891 1450 3593 11450) 5218 1450 1625 6341 2143 1450 5218 Total 41559 32446 25052 7394 48953