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