ABBOTS CROSS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND Financial Statement for the year ended 31 December 2024 Registered Charity in Northern Ireland (NIC104364)
Abbots Cros5 Presbyterian Church- a Con8re8ation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) for the year ended 31 Deomber 2024 Notes Unrestrirted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable Activities Other trading activitie5 Investment Income Other Organisations 126813 45300 12500 172113 12500 173465 8525 1586 530 1586 530 10667 1279 1165 12867 12 10667 Sale of Investments Sale of fixed assets Loans Received Total Receipt5 128929 68467 197396 197301 Payments Raising funds Charitable activities Investment costs Other Organisations 125415 50059 175474 148204 229 13500 9041 12 13729 9041 25218 14635 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 125644 72600 198244 188057 Net receipts / Ipayments) 3285 4133 9244 Transfers between funds -1970 1970 Net movement in funds 1315 -2163 9244 Funds brought forward 104595 71304 175899 166655 Funds carried forward 12 105910 69141 175051 175899 Page -l-
Abbots Cross Presbyterian Church - a Congregation of The Presbyterian Church in Ireland ststement of Finanoal Activity ( Receipts and Payments Account } Statement of A55ets and Ltabilities as at 31 December 2024 Unrestrirted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 104595 1315 71304 -2163 175899 -848 166655 9244 Bank and Cash at end ofyear 105910 69141 175051 175899 Bank & Cash 8alanos Ulster Bank A/c: General Ulster Bank A/c- Building Ulster Bank A/c'. Missions Cash in hand - Organisations Bank Current Accounts - Organisations 105910 51367 6503 526 10745 175051 106595 55533 5126 423 8222 Total 175899 Other Assets Fixed Assets - Note 10 Church Premises Fixtures and Fittings Vehicles Investments- Note 11 Gift Aid receivable on donations Other assets £20,841 £22,689 Liabilities Loans Other liabilities Approved by the Kirk Session at a meeting on ................... and signed on its behalf by NAME: NAME: Date: Date: Page-2-
Abbots Cross Presbyterian Church Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) Notes to the accounts- 31 December 2024 Accounting Policies Basis of Financial Ststements A5 the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports for the year ended 31 December 2024 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 la} income from endowments which is to be expended only on the restricted purposes intended by the donor and Ib) 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. 2. Donations and Legacies Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Recorded givings.'FWO/Blds Loose collections/Donation Recorded givings: Missions Donation: Mod A./Harv/Stud/Books Donations: Biblica/Ukraine Donations Gift Aid Legacies and bequests 102617 3172 15851 118468 3172 26595 118090 4590 18512 6276 3308 26595 3037 17987 3037 20841 2854 22689 126813 4531X) 172113 173465 Page -3-
Abbots Cross Presbyterian Churth- a Congregation of The Presbyterian Churth in Ireland Statement of Financial Artivity { Receipts and Payments Account ) Notes to the accounts (cont'd)- 31 December 2024 Charitable Activities Unrestrirted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Income.. S.U. Books Fees feom Weddings/Funerals Church Week-End Grants- U.M.Trust- Spark Grants- U.M.Trust: Outreach Worker iooo 610 5000 7500 5000 7500 6915 12500 500 8525 Other Trading Activities Unrestricted Restrirted Endowment Fund5 Funds Funds Totsl 2024 Total 2023 Letting of premises Trading income Investment Income Unrestrirted Restrirted Endowment Funds Funds Funds Total 2024 Total 2023 Bank interest General Investment Fund Rents investment properties Other investment income 1586 1586 1279 1586 1586 1,279 Page 4-
Abbots Cross Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) Note5 to the accounts (cont'd)- 31 December 2024 Other Income Unrestricted Restricted Endowment Total Funds Funds Funds 2024 Total 2023 Organisations for Heat & Light Other Income Bank Compensation 530 530 600 565 530 530 1165 Raisins Funds Unrestrirted Restrirted Endowment Total Funds Funds Funds 2024 Total 2023 FWO envelopes/Missions Fundraising events Charitable Artivities Unrestricted Restricted Endowment Total Funds Fund5 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff cost5 Congregational running expenses Donations to Missions and Chartties Governance costs: Bank fees/Gifts 22227 878 70429 31169 22227 878 70429 19662 687 57861 42761 26215 24787 24992 55956 24992 712 280 992 1018 125415 50059 175474 148204 Page -5-
Abbots Cross Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) Notes to the accounts (cont'd) - 31 December 2024 Other Expenditure Unrestricted Restricted Endowment Total Funds Funds Funds 2024 Total 2023 Insurance expenses Other Expendtture: Gifts House to rent: Ukraine Family Outreach- U.M.T. Sparks Outreach: U.M.T. Worker Church Week-End Youth Link: A Anderson Student Bursary Fund 9329 426 229 229 1725 6283 6000 7500 6000 7500 1696 4750 1009 229 13500 13729 25218 io Fixed Assets The congregation owns The Church / Hall premises situated at 91 Doagh Road, Newtownabbey, Co Antrim, BT37 9QN and a manse with associated fixtures/fittings and equipment for the use of the Minister. These have a combined insurance value of £5,446.162 at last renewal date. li Investments The congregation has the following investments. Amounts are shown at market valuation 2024 2023 General Investment Fund Property Other investments Page-6-
Abbots Cross Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity l Receipts and Payments Account ) Notes to the accounts (cont'd} - 31 December 2024 12. Fund Balances Balance at start Receipt Payment Surplus / Transfers Balance {Deficit) at end Unrestricted Funds General Fund 104595 128929 125644 3285 -1970 105910 Total unrestricted 104595 128929 125644 3285 -1970 105910 Restricted Funds Malntenance of Property 57533 18,705 24.871 6,166 51367 Missions and Charities Fund Biblca/Ukraine Christianity Explored European Christian Mission Feba Radio General Mi$5ion Fund Harvest Open Doors Sparks Ambassadors Tear Fund United Appeal Missionary T& S 2498 2498 200 3000 680 196 -2498 -200 -65 80 10276 3140 1289 -800 -1020 -651 -6719 -1425 200 65 2935 760 10472 3140 2874 loo 180 -5885 -3140 4391 225 632 1585 800 1020 4000 9784 1425 1514 168 1020 1069 3349 3065 418 6719 823 602 Missions & Charities sub total £5,126 £26,595 £25,188 £1,407 -£30 £6.503 Organisations". Outreach: U.M.T. Spark Outreach: U.M.T. Worker 8645 10667 5000 7500 9041 6000 7500 1626 -iooo iooo iooo 11271 Total restricted £71.304 £68,467 £72,600 -£4,133 £1,970 £69.141 Endowment Funds Total Funds £175,899 £197,396 £198,244 -£848 £0 £175,051