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