RANDALSTOWN (OLD CONGREGATION) CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Accounts For the year ended 31 December 2024
Registered Charity in Northern Ireland (NIC104930)
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RANDALSTOWN (OLD CONGREGATION) OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31st 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.
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RANDALSTOWN (OLD CONGREGATION) OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31st December 2024
2. DONATIONS AND LEGACIES
| Recorded Givings Loose Collections Donations and gifts Gift Aid Legacies and bequests |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 70,242 14,829 0 85,071 94,159 2,491 1,799 0 4,290 5,129 200 4,582 0 4,782 4,386 16,340 4,654 0 20,994 17,024 0 0 0 0 2,500 89,273 25,864 0 115,137 123,198 |
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3. CHARITABLE ACTIVITIES
| Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 249 2,578 0 2,827 3,986 0 675 0 675 625 0 0 0 0 0 0 2,327 0 2,327 3,935 0 3,385 0 3,385 1,990 249 8,965 0 9,214 10,536 |
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4. OTHER TRADING ACTIVITIES
| Letting of premises Trading income 5. INVESTMENT INCOME Deposit Interest General Investment Fund Rents investment properties Other investment income 6. OTHER INCOME Insurance claims Other income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 6,381 1,157 0 7,538 3,168 0 0 0 0 0 6,920 0 0 6,920 0 7 0 0 7 6 13,308 1,157 0 14,465 3,174 Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 0 0 0 0 0 463 0 0 463 1,404 463 0 0 463 1,404 |
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RANDALSTOWN (OLD CONGREGATION) OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31st December 2024
7. RAISING FUNDS
| FWO Envelopes Fundraising events 8. CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs Total 9. OTHER EXPENDITURE Investment properties expenses |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 701 0 0 701 770 0 0 0 0 0 701 0 0 701 770 Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 9,670 0 0 9,670 9,532 636 0 0 636 1,270 40,760 0 0 40,760 38,613 32,153 19,749 0 51,902 67,193 11,855 15,871 0 27,726 26,437 1,929 0 0 1,929 1,670 97,003 35,620 0 132,623 144,715 Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 31,796 0 0 31,796 27,710 31,796 0 0 31,796 27,710 |
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10. FIXED ASSETS
The congregation owns the Church and associatied buildings situated at 4 Portglenone Road, Randalstow 108 Portglenone Road, Randalstown, the Church Manse at 82 Portglenone Road, Randalstown and the associated fixtures,fittings, plant and machinery. These have an insurance value of £4,352,400.
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market value
| General Investment Fund Property Other investments |
2024 2023 1,103 1,053 0 0 132 115 1235 1168 |
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RANDALSTOWN (OLD CONGREGATION) OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account)
for year ended 31st December 2024
12. FUND BALANCES
| Fund Unrestricted Funds General Fund Restricted Funds Dr M McFadden War Stock Gen Inv Income Fund General Appeals Graveyard Fund L & E Reid Gen Inv Income Fund MISSION Moderator's Appeal Nimmons Ministers Inv Income Fund Orphan Society PROPERTY Property Improvement Fund Religious and Charitable payments Robinson War Stock Gen Inv Income Fund Robinson War Stock Ministers Inv Income Fund Student's Bursary Fund Sunday School Tearfund United Appeal W J Rainey S/School Inv Income Fund World Development Youth Fellowship Fund Sunday School Account Bowling Club Account OC Youth Club Account OC Friendship Hour Account First Randalstown Boys' Brigade Account Randalstown Girls' Brigade Account PW Account Helping Hands Account Randalstown Parent & Toddler Group OC Choir Account OC Youth Fellowship Endowment Funds Dr M McFadden War Stock Gen End Fund Graveyard Endowment Fund L & E Reid Gen End Fund McClenaghan Missions End Fund Nimmons Ministers End Fund Robinson War Stock General End Fund Robinson War Stock Ministers End Fund W J Rainey S/School End Fund Total |
Balance at start Receipts Payments Surplus / (Deficit) Transfer Balance at end £ £ £ £ £ 237,861 103,293 129,500 (26,207) (717) 210,937 237,861 103,293 129,500 (26,207) (717) 210,937 168 16 0 16 0 184 450 1,225 1,225 0 (450) 0 14,908 675 0 675 0 15,583 84 21 0 21 0 105 21,892 997 0 997 0 22,889 146 0 0 0 0 146 11 8 0 8 0 19 1,098 171 1,269 (1,098) 0 0 10,457 9,266 8,025 1,241 0 11,698 0 0 0 0 0 0 0 0 0 0 0 0 22 2 0 2 0 24 28 7 0 7 0 35 45 0 0 0 0 45 2,449 84 0 84 517 3,050 0 745 745 0 0 0 623 9,912 9,702 210 0 833 11 8 0 8 0 19 1,400 148 1,400 (1,252) 0 148 290 0 0 0 0 290 610 307 233 74 (517) 167 1,565 3,177 2,614 563 (600) 1,528 48 0 0 0 0 48 1,070 746 1,002 (256) 0 814 4,050 3,085 3,416 (331) 466 4,185 1,031 4,405 4,053 352 994 2,377 750 761 1,097 (336) 0 414 19 220 503 (283) 264 0 85 0 128 (128) 43 0 233 0 208 (208) 0 25 0 0 0 0 0 0 63,543 35,986 35,620 366 717 64,626 758 0 0 0 0 758 500 0 0 0 0 500 386 0 0 0 0 386 0 0 0 0 0 0 154 0 0 0 0 154 100 0 0 0 0 100 300 0 0 0 0 300 154 0 0 0 0 154 2,352 0 0 0 0 2,352 303,756 139,279 165,120 (25,841) 0 277,915 |
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