Downshire Presbyterian Church, Carrickfergus
Statement of Financial Activity (Receipts & Payments Account) For the Year Ended 31[st] December 2024
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 4 Other income 5 Total Receipts Expenditure on: Raising funds 6 Charitable activities 7 Other expenditure 8 Total Expenditure Net receipts/(payments) Transfers between funds Net movement in funds Funds brought forward Funds carried forward 10 |
Unrestricted Funds Restricted Funds Total 2024 Total 2023 £ £ £ £ 85,616 45,914 131,530 136,203 340 20,427 20,767 14,449 155 7 162 146 6,239 - 6,239 7,423 |
|---|---|
| 92,350 66,348 158,698 158,221 610 - 610 665 92,556 70,376 162,932 143,660 154 98 252 257 |
|
| 93,320 70,474 163,794 144,582 |
|
| (970) (4,126) (5,096) 13,639 (1,874) 1,874 - - |
|
| (2,844) (2,252) (5,096) 13,639 52,579 14,212 66,791 53,152 |
|
| 49,735 11,960 61,695 66,791 |
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Downshire Presbyterian Church, Carrickfergus
Statement of Assets and Liabilities as at 31[st] December 2024
| Note Funds Reconciliation Bank and cash at start of year Net movement in funds Bank and cash at end of year Bank and Cash Balances Bank current accounts Cash in hand Other Assets Fixed assets 9 Gift Aid receivable on donations Liabilities Independent examiner, utility and bank charges |
Unrestricted Funds Restricted Funds £ £ 52,579 14,212 (2,844) (2,252) |
Total 2024 Total 2023 £ £ 66,791 53,152 (5,096) 13,639 |
|---|---|---|
| 49,735 11,960 |
61,695 66,791 |
|
| 61,402 66,514 293 277 |
||
| 61,695 66,791 |
||
| 3,184,606 3,032,958 16,817 17,474 |
||
| 3,201,423 3,050,432 |
||
| 2,531 1,704 |
||
| 2,531 1,704 |
Approved by the Kirk Session on 28[th] April 2025 and signed on its behalf by:
----------------------------------------------------------------Christine Cahoon Deborah Walker Clerk of Session Elder
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Downshire Presbyterian Church, Carrickfergus
Notes to the Accounts for the Year Ended 31[st] December 2024
1. 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 Report 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 or at the congregation's discretion; the income provisions derived from the endowment is to be used either as restricted or unrestricted income funds depending on 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 (b) revenue donations or grants for a specific congregational activity intended by the donor. As bank charges relate specifically to all fund donations and most charges paid and interest received on these funds with unspent balances are received in the main account it was agreed by Committee that the Unrestricted reserve will take all interest and charges as there would be no material difference if these were apportioned amongst funds. Interest and charges in the property account will be allocated solely to the Maintenance Fund.
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
| 2. DONATIONS AND LEGACIES | |
|---|---|
| Recorded giving: Loose collections Donations and gifts Gift Aid |
Unrestricted Funds Restricted Funds Total 2024 Total 2023 £ £ £ £ 2,614 1,070 3,684 2,112 68,366 36,395 104,761 110,510 14,636 8,449 23,085 23,581 |
| 85,616 45,914 131,530 136,203 |
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Downshire Presbyterian Church, Carrickfergus
Notes to the Accounts for the Year Ended 31[st] December 2024
3. CHARITABLE ACTIVITIES
| 3. CHARITABLE ACTIVITIES | |
|---|---|
| Income from charitable activities Fees from weddings and funerals Membership fees Grants received 4. INVESTMENT INCOME Deposit interest 5. OTHER INCOME Heat and light and similar income Other sundry income 6. RAISING FUNDS FWO envelopes |
Unrestricted Funds Restricted Funds Total 2024 Total 2023 £ £ £ £ - 4,772 4,772 2,495 340 - 340 - - 6,487 6,487 6,004 - 9,168 9,168 5,950 |
| 340 20,427 20,767 14,449 |
|
| Unrestricted Funds Restricted Funds Total 2024 Total 2023 £ £ £ £ 155 7 162 146 |
|
| 155 7 162 146 |
|
| Unrestricted Funds Restricted Funds Total 2024 Total 2023 £ £ £ £ 5,518 - 5,518 6,545 721 - 721 878 |
|
| 6,239 - 6,239 7,423 |
|
| Unrestricted Funds Restricted Funds Total 2024 Total 2023 £ £ £ £ 610 - 610 665 |
|
| 610 - 610 665 |
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Downshire Presbyterian Church, Carrickfergus
Notes to the Accounts for the Year Ended 31[st] December 2024
7. CHARITABLE ACTIVITIES
| 7. CHARITABLE ACTIVITIES | |
|---|---|
| General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to missions and charities Governance costs |
Unrestricted Funds Restricted Funds Total 2024 Total 2023 £ £ £ £ 17,331 - 17,331 15,827 723 - 723 691 51,391 19,579 70,970 64,491 19,595 40,828 60,423 48,196 450 9,969 10,419 11,088 3,066 - 3,066 3,367 |
| 92,556 70,376 162,932 143,660 |
8. OTHER EXPENDITURE
| Bank fees | Unrestricted Funds Restricted Funds Total 2024 Total 2023 £ £ £ £ 154 98 252 257 |
|---|---|
| 154 98 252 257 |
9. FIXED ASSETS
The Congregation owns the Church Premises situated at Victoria Road, Carrickfergus and the associated fixtures, fittings, plant and machinery these had an insurance value of £2,785,662 at the last renewal date (2023: £2,653,012). The Congregation owns the Church Manse situated at 50 Harwood Gardens, Carrickfergus BT38 7US and the associated fixtures, fittings, plant and machinery these had an insurance value of £398,943 at the last renewal date (2023: £379,946).
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Downshire Presbyterian Church, Carrickfergus
Notes to the Accounts for the Year Ended 31[st] December 2024
10. FUND BALANCES
| Unrestricted Funds General Fund Restricted Funds Maintenance Church Project Mission Support United Appeal Platform Salaries World Development Fund Students Bursury Fund Harvest Appeal 2023 Harvest Appeal 2024 Holiday Bible Club Community Fun Day Platform Youth Grant 23-24 Platform Youth Grant 24-25 Toddlers Girls' Brigade Toddlers Boys' Brigade Womens Ministry Organisation TOTAL |
Balance at start Income Expenditure Gains/ (Losses) Transfers Balance at end £ £ £ £ £ £ 52,579 92,350 (93,320) (970) (1,874) 49,735 |
|---|---|
| 52,579 92,350 (93,320) (970) (1,874) 49,735 |
|
| 1,077 11,391 (10,550) 841 - 1,918 3,453 7,123 (10,804) (3,681) - (228) 524 428 (500) (72) - 452 - 7,263 (7,264) (1) 1 - - 17,106 (19,579) (2,473) 2,473 - - 106 (106) - - - - 109 (109) - - - - 226 (226) - - - - 1,655 (1,675) (20) 20 - - 1,683 (1,652) 31 - 31 461 6 - 6 - 467 760 1,590 (2,119) (529) (231) - - 2,200 (393) 1,807 231 2,038 103 - - - 30 133 3,889 9,197 (8,420) 777 (350) 4,316 174 1,163 (1,011) 152 (150) 176 3,668 4,703 (5,623) (920) (150) 2,598 103 399 (443) (44) - 59 |
|
| 14,212 66,348 (70,474) (4,126) 1,874 11,960 |
|
| 66,791 158,698 (163,794) (5,096) - 61,695 |
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Downshire Presbyterian Church, Carrickfergus
Notes to the Accounts for the Year Ended 31[st] December 2024
11. RELATED PARTY TRANSACTIONS
Total donations received from Trustees and their related parties for the year amounted to £23,070.
Disclosed below are the annual payments made to or on behalf of related parties during the year ended 31 December 2024:
| cember 2024: | ||
|---|---|---|
| Name of Related Party | Reason | £ |
| Mrs H Cree | Salary & Pen Cont as Platform Youth/Intergeneration Co-ord | 6,716 |
| Mrs H Crockard | Salary & Pen Cont as Platform Kids Co-ordinator | 12,863 |
| Mr G Ritchie | Gift & Card on Resignation as Elder | 49 |
| Mrs C Devenney | Gift for work with Platform Team | 12 |
| Mrs H Cree | Summer Madness ticket & food as Platform Youth Co-ord | 30 |
Mrs H Cree received salary and pension contributions for her role as Platform Youth & Intergeneration Coordinator and not in her capacity as a trustee.
Rev N Duddy received remuneration and expenses for his role as Minister and not in his capacity as a trustee.
The Congregation contributed £61,857 to the Presbyterian Church for Annual Assessments during the year which included £52,293 in respect of the annual stipend, allowances, related National Insurance and pension contributions for the Rev N Duddy.
The Congregation contributed £723 towards Presbytery Fees for Carrickfergus Presbytery.
The Congregation paid Carnmoney Presbyterian Church £50 for the hire of a Baptism tank.
The Congregation contributed the following to the Presbyterian Church during the year:
United Appeal 7,264 World Development Appeal 106 Students Bursary 109
Mr S Cahoon as part of his role on the preaching team, not as a Trustee, took one service in the year for no pulpit supply fee. This reduced costs for the Congregation by £83.
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