an GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Charity Accounts for the year ended 31 December 2024 Registered Charity in Northern Ireland {NIC104474)
an GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Receipt5 Donations and legacies Cha ritable activities Other trading activities Investment Income Other 202,974 420 8,251 211,225 420 207,105 304 4,161 870 5,031 4,529 207,555 9,121 216,676 211,938 Sale of Investments Sale of fixed assets Loans Received Total Receipts 207,555 9,121 216,676 211,938 Payments Raising funds Charitable activities Investment costs Other 1,530 196,116 1,530 215,817 1,475 222,786 19,701 197,646 19,701 217,347 224,261 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 197,646 19,701 217,347 224,261 Net receipts / (payments) Transfers between funds 9,909 {2,0001 110,580) 2,000 {671) 112,323) Net movement in funds Funds brought forward 53,835 377,832 431,667 443,990 Funds carried forward 12 61,744 369,252 430,996 431,667
an GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES as at 31 December 2024 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2024 Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 53,570 9,909 19,489 139,254) 73,059 {29,345) 56,090 16,969 Bank and Cash at end of year 63,479 (19,765) 43,714 73,059 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 42,196 1,518 66,469 6,590 43,714 73,059 Other Assets Fixed Assets - Note 10 Church Premises Fixture5, Fittings &Equipment Vehicles Investments- Note 11 Gift Aid receivable on donations 327,837 69,202 323,675 45,121 397,039 368,796 Liabilities Loans Other 9,757 10,188 9,757 10,188 Approved by the Kirk Session at a meeting on 8 September 2025 and signed on its behalf by Stephen Moore Hilary Morrow 08/09/25 08/09125
an GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN 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 Charities (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 (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (bl 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 purpose5. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Recorded giving Loose collections Donations and gifts Charitable collections Gift Aid Legacies and bequests 106,759 2,083 24,154 25,402 19,553 25,023 106,759 2,083 32,405 25,402 19,553 25,023 96,094 3,270 41,091 20,069 17,417 29,164 8,251 202,974 8,251 211,225 207,105
an GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 CHARITABLE ACTIVITIES Unrestrlcted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 420 420 304 420 420 304 OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment properties Other investment income 870 870 981 323 3,225 4,161 4,161 4,161 870 5,031 4,529
an GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNT5 (cont'd) 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Insurance claims Other income RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 FWO envelopes Fundraising events 1,530 1,530 1,475 1,530 1,530 1,475 CHARITABLE ACTIVITIES Unrestricted Fund5 Restricted Endowment Funds Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and cha rities Governance costs 31,727 873 104.234 33,622 23,377 31,727 873 104,234 53,323 23,377 29,261 831 107,121 61,180 21,768 19,701 2,283 2,283 2,625 196,116 19,701 215,817 222,786
an GILNAHIRKCONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Investment properties expenses 10. FIXED ASSETS The congregation owns the Church premises situated at 161A Gilnahirk Road and the associated fixtures, fittings, plant and machinery. These have an insurance value of £3,746,447. 11. INVESTMENT5 The congregation has the following investments. Other investments are valued at previous years valuation plus Income recelved durlng the year net of fees pald. 2024 2023 General Investment Fund Property Other investments 327,837 323,675 327,837 323,675
an GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Def icit) Balance at end Unrestricted Funds General Fund 53,835 207,555 (197,646) 9,909 {2,0001 61,744 53,835 207,555 (197,646) 9,909 (2,0001 61,744 Restricted Funds Manse account Off ice Reserve account Capital account Repairs & maintenance Bequests and Memorials 562 2,101 2,644 60,458 312,067 (1,881) (1,881) 2,000 681 2,101 3,514 51,889 311,067 870 870 8,251 (16,820) {8,569) (1,000) (1,0001 377,832 9,121 (19,701) {10,580) 2,000 369,252 Endowment Funds Total 431,667 216,676 {217,347) (671) 430,996