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