## **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|
Page | 16
## **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
Page | 17
## **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|
Page | 18
## **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|
Page | 19
## **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).
Page | 20
## **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**|
Page | 21
**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.
Page | 22