WHITEHEAD PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account)
for the year ended 31 December 2024
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
63,380
26,083
3,646
3,612
9,792
89,463
3,646
3,612
10,378
97,764
4,628
3,986
10,292
273
314
Total
63,653
43,133
314
107,099
116,670
Expenditure on:
Raising Funds
Charitable activities
Other
369
48,267
369
73,971
436
87,313
25,704
Total
25,704
48,636
74,340
87,749
Net income / (expenditure)
Transfers between funds
Net movement of funds
37,949
7,708
30,241
5,504
8,021
2,518
314
314
32,758
28,921
32,758
28,921
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
10
10
81,571
111,812
77,818
80,335
159,389
192,148
130,468
159,389
Page1 of5

STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2024
1. Fixed Assets
The Congregation owns Church premises situated at 8 King's Road, Whitehead, Carrickfergus, BT38 9PU
and the associated fixtures and fittings and a Manse situated at 70 Riverforde,
Whitehead, Carrickfergus, BT38 9TS
These have an insurance value of £
6,647,425
2. Investments
The Congregation has the following investments. Amounts are shown at market valuation.
2024
13,259
2023
12,661
General Investment Fund
Property
Other Investments
13,259
12,661
3. Amounts owed
At the end of the year the following amounts were owed to the congregation.
2024
4,197
2023
2,000
Gift Aid
Other significant items
4,197
2,000
4. Cash and bank balances
2024
2023
Deposit Accounts
Current Accounts
Cash Floats
192,148
159,389
192,148
159,389
5. Amounts owed
2024
2023
Loans
Others significant items
Approved by the Kirk Session at a meeting on i £?
and signed on its behalf by
[Name]
[Date]
IJ, ui
[Name]
[Date]
Iq, 7926
Page2of5

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 provision 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 donation 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
Recorded giving
Loose collections
Donations and gifts
Gift Aid
Legacies and bequest
52,971
853
20,450
73,421
853
1,388
13,802
76,857
1,779
972
18,156
1,388
4,245
9,557
63,380
26,083
89,463
97,764
3. CHARITABLE ACTIVITIES
Income from charitable activities
Fees from weddings and funerals
Grants
3,646
3,646
3,428
1,200
4,628
3,646
3,646
4. OTHER TRADING ACTIVITIES
Fundraising events
Letting of premises
Trading income
292
3,320
292
3,320
411
3,575
3,612
3,612
3,986
5. INVESTMENTS
Deposit interest
General Investment Fund
Property rents
Other investment income
273
172
444
314
9,620
366
247
9,679
314
9,620
273
9,792
314
10,378
10,292
Page3of5

NOTES TO THE ACCOUNTS
31 December 2024
6. OTHER INCOME
PrO￿edS on sale of fixed assets
and investments
Insuran￿ claims
Loans received
Other income
7. RAISING FUNDS
WFO envelopes
Fundraising events
369
369
436
369
369
436
8. CHARITABLE ACTIVITIES
General Assembly Assessments
Presbytery Fees
Ministry and support staff costs
Congregational running expenses
Donations to Missions and Charities
Governance costs
6,346
819
10,526
8,013
6,346
819
15,019
37,534
12,218
2,034
73,971
6,366
743
34,489
26,983
16,828
1,903
87,312
4,493
29,521
12,218
2,034
48,267
25,704
9. OTHER EXPENDITURE
Investment properties expenses
Other
10. FUND BALANCES
2024
2023
(i) Unrestricted Funds
General Fund
Cash reserve
111,812
111,812
81,571
81,571
(li) Restricted Funds
Property l Building fund
Manse Fund
United Appeal fund
General Missions fund
Benevolent Fund
Restricted Congregational funds
Organisations Funds
42,994
17,037
73
2,776
1,236
5,939
10,425
80,335
48,243
10,308
375
2,405
1,097
5,528
9,860
77,818
(iii) Endowment Funds
General Investment Fund
13,259
13,259
12,661
12,661
Page4of5

NOTES TO THE ACCOUNTS
31 December 2024
10. FUND BALANCES
(iv) Reconciliation of movement of funds
Balance at
start
Net Inc. I
Exp.
Income
Expend.
Balance at
end
Transfer
Unrestricted Funds
General Fund
Cash reserve
63,653
25,704
37,949
37,949
30,241
7,708
81,571
81,571
111,812
111,812
63,653
25,704
37,949
Restricted Funds
Property l Building fund
Manse Fund
Benevolent Fund
United Appeal fund
General Missions fund
Restricted Congregational funds
Organisations Funds
48,243
10,308
1,097
375
2,405
5,528
9,860
77,818
16,974
9,620
19
5,752
5,609
1,827
3,332
43,133
22,723
2,891
5,749
6,729
19
448
409
6,588
943
5,504
500
42,994
17,037
1,236
73
2,776
5,939
10,425
80,335
120
6,200
6,018
8,415
2,389
48,636
780
7,000
378
8,021
Endowment Funds
General Investment Fund
314
314
314
314
314
314
Total
159,389
107,099
74,340
32,758
192,148
Page5of5