CRAIGY HILL PRESBYTERIAN CHURCH A Congregatlon of The Presbyterlan Church in Ireland RECEIPTS AND PAYMENTS STATEMENT For the year ended 31 December 2024 Receipts: Donations and Legacies Charitable Activities Other Trading Activities Investment Income Other 113,228 1,619 43,387 9,818 1,300 157,915 11,437 154,535 13,011 570 481 611 393 1,574 481 549 2,540 Total 115,898 53,816 1,693 171,407 170,635 Payments: Raising Funds Charitable Activities Other Expenditure -728 -123,622 -249 -728 -758 -148,228 -151,016 -300 -342 -792 -23,814 -51 Sub Total -124,599 -792 -23,865 -149,256 -152,116 Asset & Investment Purchases Purchase of Fixed Assets -110 -189 -299 Total Payments -124,599 -792 -23,975 -189 -149,555 -152,116 Net Recelptsl (Payments) Transfers between Funds Funds Brought Forward -8,701 620 54,675 -792 -89 1,128 29,841 -531 46,206 1,504 21,852 18,519 23,795 125,804 107,285 Funds Carried Forward io 46,594 247 75,516 25,299 147,656 125,804 Page | 16
CRAIGY HILL PRESBYTERIAN CHURCH A Congregation of The Presbyterlan Church in Ireland STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Bank & Cash Balances Bank Current Accounts Cash in Hand 46,594 247 73,925 1,591 25,299 146,065 1,591 124,879 925 46,594 247 75,516 25,299 147,656 125,804 Other Assets Fixed Asset5 Investments Gift Aid receivable on donations li 4,692,129 4,468,694 5,285 5,034 4,473,728 4,473,728 Liabilities Utilities Obligations to Charitable Donations Independent Examiner Fees 958 3,061 828 2,685 2,208 780 4,847 5,673 Approved by the Kirk Session at a meeting on 3, March 2025 and signed on its behalf by Mr. David Fulton Clerk of Session Date.. 3, March 2025 Page | 17
CRAIGY HILL PRESBYTERIAN CHURCH A Congre8ation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2024 DONATIONS AND LEGACIES Recorded giving: Loose collections Envelopes, standing orders, special collections etc Gift Aid Legacies and bequest 1,095 98,688 1,474 36,375 2,569 135,063 1,978 133,461 13,445 5,538 18,983 1,300 19,096 1,300 113,228 43.387 1,300 157,915 154.535 CHARITABLE AcfiviTIES Organisations Fees from Weddings & Funerals 644 975 9,818 10,462 975 11,041 1,970 1,619 9,818 11,437 13,011 Page | 18
CRAIGY HILL PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2024 OTHER TRADING ACTIVITIES Letting of Premises Trade Income INVESTMENT INCOME Bank Interest received 570 611 393 1,574 549 570 611 393 1,574 549 Page | 19
CRAIGY HILL PRESBYTERIAN CHURCH A ConBregatlon of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS 31 December 2024 OTHER INCOME Insurance Claims Sundry 481 481 2,540 481 481 2,540 RAISING FUNDS FWO Envelopes -728 -728 -758 -728 -728 -758 Page120
CRAIGY HILL PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Ministry, Pulpit supply & Staff costs Donations to Missions & Charities General Assembly Assessments Presbytery Fees Building Repairs & Maintenance utilities & Insurance costs Administration costs Outreach Organisations, Expenses Sundry Expenses -74,567 -750 -20,998 -834 -6,214 -15,968 ~2,097 -865 -74,567 -14,632 -20,998 -834 -6,978 -15,968 -2,097 -3,491 -7,334 -1,329 -70,984 -16,361 -20,482 -802 -9,308 -16,166 -2,224 -831 -12,781 -1,077 -792 -13,090 -764 -2,626 -7,334 -1.329 -123,622 -792 -23,814 -148,228 -151,016 OTHER EXPENDITURE Bank Fees & Loan Interest other -249 -51 -300 -342 -249 -51 -300 -342 Page121
CRAIGY HILL PRESBYTERIAN CHURCH A Congregatlon of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS 31 December 2024 io. FUND BALANCES AND RECONCILIATION OF FUNDS Balance Recei at start tS Net Transfers Balance At end Pa ments Unrestricted Funds General Fund Designated Mission Support Fund 54,675 1,128 115,898 -124,599 -792 620 -89 46,594 247 Total Unrestricted Funds 55,803 115,898 -125,391 531 46,841 Restricted Funds Building & Improvements United Appeal & other Missions PCI Students Bursary PCI Youth Projects Other Misslons Presbyterian Children's Society Christian Service Fund PCI Overseas BB GB Bowling Club Women's Zone Mums & Tots Youth Work Sunday School Ladies Fellowship 32,054 2,208 30,097 12,033 -874 -10,180 61,277 3,061 -1,000 305 911 -305 -1,000 -1,000 89 1,000 563 563 7,073 1.357 402 21 83 2,144 159 142 3,294 5,213 iio 411 738 595 -2,730 -4,133 -30 -175 -445 -2,763 -175 -165 -243 88 -100 -255 -150 24 16 7,394 2,525 382 226 109 86 Total Restricted Funds 46.206 53.816 -23,975 -531 75,516 Endowments Bequests & Endowments 23,795 1,693 -189 25,299 23,795 1,693 -189 25,299 TOTAL FUNDS 125,804 171.407 -149,555 147,656 The movement of £531 from the Restricted Fund to the Unrestricted Fund reflects transfers between church organisations and the general fund, largely contrlbutions towards heat & light costs of the hall. Page | 22
CRAIGY HILL PRESBYTERIAN CHURCH A Congregatlon ofThe Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2024 11. FIXED ASSETS The congregation owns the church premises situated at Churchill Road, Larne. At the last renewal date the church and contents had an insurance value of £2,272.274 and the church hall and contents had an insurance value of £1,866,481. The congregation also owns the manse situated at 22 Brustin Brae Road, Larne and this property had an insurance value of £553,374 at the last renewal date. 12. RELATED PARTY TRANSACTIONS Disclosed below are the payments made to related parties durlng the year ended 31 December 2024.. Name of Related Party David Fulton Reason Gross Salary 2,880 David Fulton received remuneration for his role as Praise Coordinator and not in his capacity as a trustee. The congregation paid £39,591 in respect of annual stipend, £7,036 in respect of ministerial expenses and £9,502 in respect of pension contributions for Rev. Ben. Preston. The congregation paid Presbytery fees of £834.43 to the Presbytery of Carrickfergu5 during the year. The congregation also made the following contributions to the Presbyterian Church in Ireland during the year: United Appeal PCI Overseas Presbyterian Children's Society 8,972 305 1,000 13. VOLUNTEERS The work and support of member5 of the congregation as volunteers is vital to the operation, mission and outreach of the congregation. Volunteers undertake many role including encouraging prayer, serving within their local communities, administration tasks and serving in organisations under the control of Kirk Session. Page123