Charity No: NIC104815 Tassagh Congregation of the Presbyterian Church in Ireland Trustees Report and Receipts and Payments Account for the year ended 31 December 2024
Presbyterian Church in Ireland TASSAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT The trustees present their Annual Report and Financial Statements for the year st ended 31 December 2024 including a Statement of Assets and Liabilities as at that date. GOVERENCE the Church is governed by elected elders, from the congregation to manage its mission, programmes and Finances. Within this structure there are various committees and subcommittees to carry out the various programmes and endeavours OBJECTIVES Tassagh presbyterian church is a congregation of the presbyterian church in Ireland, whose purpose is to advance the gospel message of Christ through the advancement of Religion. The direct Benefits which flow from the church, s activities are Enhancement and wellbeing from appreciation of the word of God. Encouragement and Nurture younger members to maturity in Christ Enjoyment of community togetherness. Support for those in need of spiritual guidance and comfort Support for those in our community who desire pastoral visits REFERENCE AND ADMINISTRATIVE DETAILS Tassagh Congregation of the Presbyterian Church in Ireland 84 Dundrum Road, Tassagh. Co. Armagh. BT60 2QE Registered Charity in Northern Ireland NIC104815 CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were: PRINCIPAL OFFICE BEARERS: Convenor: Rev Joanne Smith
Clerk of Session: Philip Crozier Secretary: lan Watson Treasurer: Alan Crozier Stephen Boyd Dawn McKinstry George Wright INDEPENDENT EXAMINER: WHR Accountants Audit House, 56 Upper English Street, Armagh. BT617LG BANKERS: Danske Bank 74-76 Scotch Street, Armagh. BT617DJ SOLICITOR: JJ Taylor & Co. Solicitors l Mall view Terrace, Armagh. BT619AN AcfiviTIES The Congregation meets for Worship every Sunday and Visitors are made welcome to join Regular Bible study meetings and prayer meetings are held within the church building as well as Sunday School with a crèche The congregation still seek to employ their own minister but as yet have been denied permission to do so due to a severe shortage of suitable clergymen/women. During the year the congregation again undertook foodbank collettions in October and December with a considerable amount of food items delivered to the
Tressle trust for distribution to those in need in keeping with the ethos of the Christian Church. Signed: Signed: Rev. Thornas Moore zler (a of 5es*on)
Ta$sa8h Congregation of the Presbyterian Church In Ireland Statement of ReIPtS and Payments- Year Ended 31 December 2024 Note Unrestricted Fund5 Restricted Fund5 Endowment Funds Totsl 2024 Total 2023 Receipts Donatlons & Legacle5 Charltable ActItIeS Other trading attivities Investment Incorne other Income 31,942 8,734 100 410.676 loo 330 1,216 393 34,500 600 330 136 1.080 393 799 3,782 Total Rècelpts 32,408 10,307 42,715 40,061 Payment5 Raising FuDds Charitable Actlvltles 22,131 4,839 26,970 28,219 Total Payments 22,131 4.839 26,970 28,219 Net Recelptsl Payments Galns/losses Transfers net 10,277 5,468 15,745 11,842 12,1781 2.178 Net movement In funds 8.099 7,646 15,745 11.842 Funds broughtforward 01 january 2024 49,675 119.491 107.649 Dedurt non cash/bank rel3ted Endow Funds Funds carrfed fonvard 31 December 2024 57,774 77.462 135.236 119,491
Tassagh Congregation of the Presbyterlan Church in Ireland Statement of Receipls and Payments- Year Ended 31 Dernber 20Z4 Unrestricted Funds Restrlcted Funds Endowment Fund5 Total 2024 Totsl 2023 Funds RÈ<onclllatlon Bank and cash at start of year 49,675 69,816 119,491 107,649 Net rnovement In fund5 8,099 7.646 15.745 11,842 Bank & cash at end of year 57,774 77.462 135,236 119.491 Bank & Cash lanCeS Bank Oep051t Accounts Bank CuirentAccounts 73,385 61,851 65.672 53,819 Ygtal 135,236 119,491 Memorandum Nots Onlv Endowment Funds standard Chartered Eqtsity 2,127 8.570 10,697 8,183 9,623 Flxed Assets The following assets are rets1ned by the Charlty for Sts own use and are stated at insured values.. Church. Church Hall and Contents Land 1,516,621 60.000 1,576,621 1.466,751 60,000 1,526,751 Approved by the trteeS on 1810412025 and 51Bned on its behalf bv: Trustee Trustee Date.. 1810412025 Dale.. 1810412025
Tassagh Congregotion of the Presbyterian Church In Ireland Notes to the A¢counts- Year Ended 31 December 2024 ACCOUNTING POUCIES ASIS OF FINANCIAL STATEMENTS As the total income of the con8regatlon Is lessthan £250,000 the congregatlon have elerted in accordance with the provlslons In The Charltles (Account5 and Reports Regylatlons (Northern Ireland) 2015 to prepa Its accounts on a recelpts and payment5 basis. FUNDACCOUNTING Endowment funds are funds, the capltal of which must be retalned either permanently or at the eon8re8atlon's discretion- the Incorne derived from the endowment is to be used either as restricted or unrestrlcted income funds dependlng upon the purpose for which the endowment was Establlshed In the first place. Restricted funds cornprlse lal Sncome from endowments whlch Is to be expended tsnly on the restricted purposes intended by the donor and Ibl revenue donatlons or grants for a speclfic ¢ongre8ational activity intended by the donor. Where these funds have unspent balances, tntere5t on their pooled Investment 15 apportioned toihe indSvldual funds on an average balance ba51S. Unre5trlrted fund5 are income funds whlth are to be spent on the congre8atlon'$ general purposes. Deslgnated funds are general funds Set aside by the congregation for use in the future. RECEIPT5 2, DONATIONS & LEGACIES Unrestrfcted Funds Restricted Funds Endowrnent Funds Total 2024 Loose collections Donations & gifts Gift Ald Legarles & bequest 628 31,06D 197 3,537 825 34.597 254 s,0 5,ts4 31,942 8,734 40,676 3. CHARITABLE AcfiviTIES Unrestricted Funds Restrltted Funds Endowment Funds Total 2024 Income from charltable actlvlty &fundrèislng Membership Fee5 Grants loo 100 100 100 OTHER TRADING ACTIVITIES Unrestrlcted Funds Restricted Fund5 Endowment Funds Totsl 2024 Prern15es Rert 330 330 330 330 S. INVESTMENT INCQME Unrestrlcted Funds Restricted Fund5 Endowrnent Fund5 Total 2024 8ank Interest 136 1080 1.216 136 1,080 1,216
Tassagh Con8regatlon of the Presbyterlan Church In Ireland Notes to the A¢¢ounts- Year Ended 31 December 2024 OTHERINCOME UnrestrictÈd Funds Restrlcted Funds Endowment Funds Total 2024 Grave Fees Cladymore- Share of Expenses Other- Magazlnes Other- Incorne Bond 113 113 393 393 PAYMENTS 7. RAISING FUNDS Unrestrlcted Funds Restricted Funds Endowment Funds Total 2024 Rai5in8funds . CHARITABLE ACTIVITES Unrestricted Funds Restrlrted Funds Endowment Funds Total 2024 General As5emblv Presbyrery Fees Min15try and Support staff Runnln8 Costs Donations other- Magazine5 Governance Cost 2,898 228 3,820 14,145 50 2,898 228 3.820 14,504 4,250 359 4,200 280 990 22,131 4,839 26,970 Memorandum onlyentrles Y. FUND BALANCE5 Balance at start Recelpts Pèyments Surplusl lQeflcltl Tran5fer5 nett Balance tend Unre$trl¢ted Fund5 General 49,675 32.408 22,131 10.277 12.1781 57,774 49.675 32.408 22.131 10,277 12.1781 57.774 Reslrlrted Fund5 pw Manse Moore Memorfal Fund W&V Pollock Sunday School Buildtng Fund Summit Alc (Old War Stock) 5urnmlt Alc (Bequestsl United Appeal Presbyterlan Children's Soclety Presbrterian Herald Newry Hosplce Inspire Magazine 290 212 512 29 197 6,787 102 71 1,020 195 95 212 51Z 29 11621 6,787 102 71 11.1381 189 6,154 31,911 5,942 31.399 1,777 4.050 16,088 6,152 4.314 359 3.888 22.875 6,254 4,385 3,158 2,138 220 321 220 361 69,816 10,307 4,839 5.468 2,178 77,462 Totsl Funds 119.491 42,715 26,970 15,745 135,236