LOUGHMORNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024
| Note | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | 29,073 | 24,232 | - | 53,305 | 42,444 |
| Charitable activities | 3 | - | 1,022 | - | 1,022 | 1,050 |
| Other trading activities | 4 | 140 | - | - | 140 | 133 |
| Investment Income | 5 | 106 | 1 | - | 107 | 82 |
| Other | 6 | 152 | 195 | - | 347 | 442 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| - | ||||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 29,471 | 25,450 | - | 54,921 | 44,151 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Payments | ||||||
| Raising funds | 7 | - | - | - | - | - |
| Charitable activities | 8 | 32,623 | 11,285 | - | 43,908 | 39,799 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 32,623 | 11,285 | - | 43,908 | 39,799 | ||
| Purchase of fixed assets | - | 8,000 | - | 8,000 | - | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Payments | 32,623 | 19,285 | - | 51,908 | 39,799 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net receipts / (payments) | (3,152) | 6,165 | - | 3,013 | 4,352 | |
| Transfers between funds | (1,253) | 1,253 | - | - | - | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | (4,405) | 7,418 | - | 3,013 | 4,352 | |
| Funds brought forward | 16,082 | 31,072 | 5,372 | 52,526 | 48,174 | |
| ---------- | --------- | ---------- | ---------- | ---------- | ||
| Funds carried forward | 11 | 11,677 | 38,490 | 5,372 | 55,539 | 52,526 |
| ====== | ====== | ====== | ====== | ====== |
LOUGHMORNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2024
| s at 31 December 2024 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | Funds | Funds | |
| 2024 | 2023 | ||||
| £ | £ | £ | £ | £ | |
| Funds Reconciliation | |||||
| Bank and Cash at start of year | 16,082 | 31,072 | 5,372 | 52,526 | 48,174 |
| Net movement in funds | (4,405) | 7,418 | - | 3,013 | 4,352 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Bank and Cash at end of year | 11,677 | 38,490 | 5,372 | 55,539 | 52,526 |
| ======= | ======= | ======= | ======= | ======= | |
| Bank & Cash Balances | |||||
| Bank Deposit Accounts | 5,372 | 5,372 | |||
| Bank Current Accounts | 50,167 | 47,154 | |||
| Cash in Hand | - | - | |||
| ---------- | ---------- | ||||
| 55,539 | 52,526 | ||||
| ======= | ======= | ||||
| Other Assets | |||||
| Fixed Assets – Note 9 | |||||
| 660,000 | 660,000 | ||||
| ---------- | ---------- | ||||
| 660,000 | 660,000 | ||||
| ======= | ======= |
Approved by the Kirk Session at a meeting on 29 March 2025 and signed on its behalf by
Rev D Kelly Mr T Heron
LOUGHMORNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 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 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 (b) 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 | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Recorded giving: | 23,617 | 4,506 | - | 28,123 | 30,051 |
| Loose collections | 725 | - | - | 725 | 1,746 |
| Donations and gifts | 148 | 17,958 | - | 18,106 | 5,276 |
| Gift Aid | 4,583 | 1,768 | - | 6,351 | 5,371 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 29,073 | 24,232 | - | 53,305 | 42,444 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
LOUGHMORNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS
31 December 2024
3. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Income from charitable activities | ||||||
| Fees from weddings and funerals | - | 300 | - | 300 | 1,050 | 24 |
| Fundraising events | - | 722 | - | 722 | - | 5 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| - | 1,022 | - | 1,022 | 1,050 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 4. OTHER TRADING ACTIVITIES | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Letting of premises | - | - | - | - | - | |
| Trading income | 140 | - | - | 140 | 133 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 140 | - | - | 140 | 133 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- |
5. INVESTMENT INCOME
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 106 | 1 | - | 107 | 82 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 106 | 1 | - | 107 | 82 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
LOUGHMORNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
6. OTHER INCOME
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Other income | 152 | 195 | - | 347 | 442 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 152 | 195 | - | 347 | 442 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
7. RAISING FUNDS
| . RAISING FUNDS |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| FWO envelopes | - | - | - | - | - |
| Fundraising events | - | - | - | - | - |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| - | - | - | - | - | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| . CHARITABLE ACTIVITIES |
|||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| General Assembly Assessments | 5,509 | - | - | 5,509 | 5,265 |
| Presbytery fees | 381 | - | - | 381 | 366 |
| Ministry and support staff costs | 18,557 | - | - | 18,557 | 18,428 |
| Congregational running expenses | 7,636 | 13,971 | - | 21,607 | 9,924 |
| Donations to Missions and | - | 5,314 | - | 5,314 | 5,336 |
| charities | |||||
| Governance costs | 540 | - | - | 540 | 480 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 32,623 | 19,285 | - | 51,908 | 39,799 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
8. CHARITABLE ACTIVITIES
LOUGHMORNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
9. FIXED ASSETS
The congregation owns the Church premises situated at 52-54 Carneal Road, Larne and all the associated fixtures, fittings, equipment, plant and machinery and the manse situated at 10 Harwood Gardens, Carrickfergus. These have a total insurance value of approx. £660,000.
10. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| General Investment Fund | 5,372 | 5,372 |
| Property | - | - |
| Other investments | - | - |
| ---------- | ---------- | |
| 5,372 | 5,372 | |
| ---------- | ---------- |
LOUGHMORNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
11. FUND BALANCES
| Fund | Balance | Receipts | Payment | Surplus / | Transfer | Balance |
|---|---|---|---|---|---|---|
| at start | (Deficit) | at end | ||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| General Fund | 16,082 | 29,471 | (32,623) | (3,152) | (1,253) | 11,677 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 16,082 | 29,471 | (32,623) | (3,152) | (1,253) | 11,677 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted Funds | ||||||
| Property/Building Fund | 30,052 | 21,397 | (13,884) | 7,513 | - | 37,565 |
| United Appeal | - | 1,961 | (2,644) | (683) | 683 | - |
| Amara Aid | - | 500 | (500) | - | - | - |
| Pres. Children’s Society | - | - | (100) | (100) | 100 | - |
| World Development | - | - | (100) | (100) | 100 | - |
| CEF | - | 230 | (600) | (370) | 370 | - |
| Presbyterian Women | 1,020 | 1,362 | (1,457) | (95) | - | 925 |
| Moderators Appeal | - | - | - | - | - | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 31,072 | 25,450 | (19,285) | 6,165 | 1,253 | 38,490 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Endowment Funds | ||||||
| Endowment Fund | 5,372 | - | - | - | - | 5,372 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 5,372 | - | - | - | - | 5,372 | |
| ---------- | ----------- | ----------- | ----------- | ----------- | ---------- | |
| Total | 52,526 | 54,921 | (51,908) | 3,013 | - | 55,539 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |