# **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)** 1 ## **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. 2 ## **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| |---|---| ## **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| |---|---| ## **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| |---|---| 3 ## **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| |---|---| ## **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| |---|---| 4 ## **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| |---|---| 5