KILDRESS PARISH CHURCH OF IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restricted Funds Total 2024 Total 2023 Receipts Donations and legacies Charita ble activities Other trading activities Investment Income Other 76418 15293 14483 1457 2822 91711 14483 1480 2822 4434 94139 37003 1480 1460 4223 23 4434 Total Receipts 80875 34055 114930 138305 Payments Raising funds Charita ble activities Investment costs Other 1502 60404 1502 65360 3208 92523 4956 Total Payments 61906 4956 66862 95731 Net receipts / (payments) Transfers between funds 18969 (119521 29099 11952 48068 42574 Net movement in funds Funds brought forward 7017 8623 41051 198470 48068 207093 42574 164519 Funds carried forward 12 15640 239521 255161 207093
KILDRESS PARISH CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestrirted Funds Restricted Total Funds Total Funds Funds 2024 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 8623 7017 198470 410SI 207093 48068 164519 42574 Bank and Cash at end of year 15640 239521 255161 207093 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 13633 225888 13633 241528 43153 163940 15640 255161 207093
KILDRESS PARISH 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 Charitie5 (Accounts and Reports Regulations (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 (al 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 UnrestrTtted Funds Restrirted Funds Total 2024 Total 2023 Recorded giving: Freewill Offering & Loose collections Donations and gifts Gift Aid Legacies and bequest 62263 310 13845 iioio 3783 73273 4093 13845 500 73080 5295 14764 1000 5(KJ 76418 15293 91711 94139
KILDRESS PARISH CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Incorne from charitable activities Fundraising events 4741 9742 4741 9742 9285 27718 14483 14483 37003 4. OTHER TRADING ACTIVITIES Unrestrirted Funds Restricted Funds Total 2024 Total 2023 Land Lettings NIE Wayleave 1457 1457 23 1457 23 23 23 1457 1480 1480 INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Deposit interest Bank Interest 484 2338 215 1245 2338 2822 2822 1460
KILDRESS PARISH CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Magazines Insurance Claim Sustentation Account Income Altedesert Contribution Other Income 173 910 2217 1307 910 2217 1307 838 3212 4434 4434 4223 RAISING FUND5 Unrestricted Funds Restricteil Funds Total 2024 Total 2023 FWO envelopes & Printing Reports Fundraising events 717 785 717 785 1043 2165 1502 1502 3208 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Diocese of Armagh Contribution Congregational running expenses Donations to Missions and charities 30997 29407 30997 32411 1952 52288 36273 3962 1952 4956 65360 92523
KILDRESS PARISH CHURCH OF IRELAND NOTE5 TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER EXPENDITURE Unrestrirted Funds Restricted Funds Total 2024 Total 2023 Investment properties expenses 10. FIXED ASSETS The congregation owns the Church premises situated at 6 Wellbrook Road, Cookstown, BT80 9RX 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
KILDRESS PARISH CHURCH OF IRELAND NOTES TO THE ACCOUNTS (conyd) 31 December 2024 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestrirted Funds No. l Account 8623 80875 61906 18969 111952) 15640 8623 80875 61906 18969 (119521 15640 Restricted Funds Building Fund (No. 3 Account) Glebe Account Business Reserve Account Missions/Charities (From No. l Acc) 68277 13628 116565 30260 1668 2127 27256 1668 2127 {19521 {750001 20533 15296 203692 85000 1952 1952 198470 34055 4956 29099 11952 239521 Total 207093 114930 66862 48068 255161