STATEMENT OF FINANCIAL ACTIVITh (RECEIPTS AND PAYMENTS AccOur for lh8 year ended 31 December 2024 Income and Endowment from Donations and Legacies Charitable activites Other Trading activites Investments Other 143332 67083 4728 210415 4728 200936 4817 6922 17835 1468 26225 13342 TOTAL 150254 89646 1468 241368 219095 Sale of Investments Sale of fixed assets Loans Received Totsi Recolpts 150254 89646 1468 241368 219095 Payments Raising Funds Charitable activites Investment costs Other 245 107756 245 215347 235 151497 107591 Purchase of Investments Purchase of fixed assets Loan Repayments 6250 6250 6250 Total Payments 114251 107591 221842 157982 Net receipts i (payments) Transfers between funds 36003 -64186 -17945 65654 1468 -1468 19526 61113 Net movement in funds Funds brought foMard -28183 47709 19526 61113 Funds carried forward 13 213,783 465,475 34,450 713708 633070
STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Funds Reconclllatlon Bank and Cash at start of year Net movemenl in funds 241967 -28183 417766 47709 34450 694183 19526 633070 61113 Bank and Cash 818nd of year 213784 465475 34450 713709 694183 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 635467 75853 2388 613960 78368 1855 713708 694183 Olhop A880t8 Fixed Assets - Note 10 Church & Hall Premises incl Fixlures, Fittings & Equipm8nt 4 Vlctoria Road Lame 12 Lower Calrncastle Road Larne Investments - Note 11 Gift Aid receivable on donations 1050000 1000000 300000 280000 9175 8720 1359175 1288720 Uabllltles Loans Olher 6250 6250 Approved by the Kirk Session al a meetlng on and slgned on Its behalf by INam81 IName] IDateJ AfkiL Zbz IDalel
GARDENMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31-Dec-24 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 (Norihem Ireland) 2015 to prepare its accounts on receipts and payments basis. FUND ACCOUNTING Endowment funds a funds, the capilal of which must be retained either pennanently 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 purp(Ise for which the endowment was established in the fi1 place. Restrlcted funds comprise (a) income from endowments whlch is to be expended only on the restricted purposes Intended by the donor and (b) revenue donations or grants for a specific congregational actlvity intended by the donor. whe these funds have unspent balances, Inte$t on their pooled investment is apportioned to Ihe indlvidual funds on an aver8ge balanc8 basls. Unrestrlcted funds are Income funds which are to be spent on Ihe congregatlon's general purposes. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Recorded givlng: Loose collections 1207 1207 1105 Donations and glfts Gift Aid United Appeal General Mission Fund Property Wodd Development 118764 23361 23201 9597 13159 141965 32958 13159 127959 27743 15189 154 23853 2933 18036 2090 18036 2090 Legacies and bequest 1000 Jooo 2000 143332 67083 210415 200936
GARDENMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31-Dec-24 CHARITABLE ACTIVITIES Income from charltable activities Fees from weddings and funerals Fundraising events Membership fees Granls 2928 1800 2928 1800 2217 2600 4728 4728 4817 OTHER TRADING ACTIVITIES Fundrasing Events Letting of premlses Tradlno income INVESTMENT INCOME Deposit interest General Investment Fund Rents investment properti&s Other investment income 6922 17835 1468 26225 13342 6922 17835 1468 26225 13342
GARDENMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31-Dec-24 OTHER INCOME Insurance clainis Other income RAISING FUNDS FWO envolop88 Fundraising events 245 245 235 245 245 235 CHARITABLE ACTIVITIES General Assembly Assessments PSbylery fees 23462 912 23462 912 13613 876 Ministry and support staff costs 73286 73286 21298 Congregational running expenses 9196 84799 93995 38721 Don8tions to Missions and charities Govemance costs 22792 22792 900 76989 900 107756 107591 215347 151497
GARDENMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31-Dec-24 OTHER EXPENDITURE 11 12 Investment properties expenses 10. FIXED ASSETS The congregalion owns the Church premis8S stUated at Victoria Road Larne and the Mans8 at 12 Lower C8imcast18 Road Larne and th8 assoclated fixlures, fittlngs, plant and machinery. Thes8 have an insuranc8 value of £9,457,700 11. INVESTMENTS The COngallon has the following investmenls. Amounts are shown at matl(et valuation. 2024 2023 General Investment Fund Property Other investments 12. RELATED PARTh TrANSACTION8 Disclosed below are the payments made to rel8led parties ended 31 December 2024 Name Rev B Johnston Rev B Johnston Rev B Johnston MrCF8r uhar Reason end Amount £40,298 £378 £6,436 £48 enses Ministerial Allowances Buildin Work
GARDENMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31-Dec•24 13. FUND BALANCES UNRESTRICTED FUNDS General Fund Committee Offlce 143,473 5,254 114.251 -29,222 -27,964 135,542 158,252 (22,710) Millbrook Sch Unspecifled Bequests 83,715 1,526 {5,4741 -7.000 78,241 Total Unrestrfct8d 241,967 150,253 114,251 -64,186 213.783 RESTRICTED CONGREGATIONAL PROPERTY FUNDS Renovation Fund 112,196 28,424 PropertylBuilding Fund 1.193 50 29,399 50 975 65,024 141,595 1,243 65.024 Total Prop•ty i 13.389 65.999 142,838 RESTRICTED CONGREGATIONAL MISSIONS AND CHARITIES FUND United Appeal 15,889 13,246 General Missions Fund 379 500 World Development 2,472 3.031 Factory Outreach Kambul TEAR Fund R A F Wings Appeal RBLEarfHaig Orphan Sociely Moderator's Appeal CAPLarne Student's Bursary -2,643 3,174 559 8,881 3,053 11,934 1,262 5.106 11,262) 2,998 43 36 43 100 13,567 2,591 766 2.598 16,165 766 Total Ml8slon & Charfty OTHER RESTRICTED CONGREGATIONAL FUNDS Misc Glfts In Memory Bequest Specified Funds 7,852 113 10,956 3,786 8.057 205 2,654 257,136 6,821 113 10,246 2.122 2,767 -710 267,382 -1,664 8,943 Total Other Restricted 266.61 i 8,057 279.092
RESTRICTED ORGANISATIONAL FUNDS 2nd Larne Boy's Brigade 35th Nl Girls Brigade Bowling Club Mums & Tots Youth Council Youth Club Mens Fellowship Friends Together 159 3,098 1,905 673 60 3,043 261 513 1,412 906 981 572 157 312 166 3.117 1,821 1,042 62 3,605 366 875 818 999 907 775 485 326 82 2.550 329 1,152 2.295 263 783 19 184) 369 -236 -150 1,647 105 639 2.529 38 318 5,105 877 14 131 562 105 362 1594) 93 (74) 203 328 14 78 -100 154 2.915 -123 -208 55 Sunday School Choir Busy Hands Holiday Bible Club THRIVE Sunday Club Badrninton Club Total Organ18allonal 400 3,321 549 -1,581 53 Total Restrfcted Funds 417,766 107.591 65,654 465.475 ENDOWMENT FUNDS Benevolent Sunday School & Prizes Commlttee United Appeal & World Dev Youth Work Tot81 Endowment FuThI8 4.327 5,102 1,000 19,939 4,082 184 217 43 850 174 4,327 5,102 1,000 19,939 4,082 -217 43 -850 -174 TOTAL FUNDS 694.183 241,367 713,708