2024-12-31-accounts

GLASCAR CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIALACTIVITY (Recelpts and Payments Account) forlheyearended 31 December 2024 Note Unrestrlcted Restrlcled Funds Funds Endowmenl Tolal 2024 Funds Total 2023 Recelpts Donations and legacies Charitable activities Other trading activities Investment Income Other income Raising Funds 44,406.68 18,443.30 11,046.64 3.780.00 5,322.69 16,168.90 825.00 62,849.98 11,046.64 3,780.00 8,924.42 19.183.40 825.00 60,257.75 16,047.40 3,857.52 5.595.68 9,558.99 10,205.00 3,601.73 3,014.50 51,022.91 55,586.53 106,609.44 105,522.34 Sale of Investments Sale of fixed assets Loans Received Tolal Recelpis 51,022.91 55,586.53 106,609.44 105.522.34 Payments Charitable activities Other expenditure 13.769.59 7,715.06 6,730.14 26.262.57 20.499.73 33,977.63 26,604.13 60,256.62 21,484.65 32,992.71 54,477.36 86.860.75 Purchase of Investments Purchase of Fixed Assets Loan Repayments Tolal Paymenls 21.484.65 32,992.71 54,477.36 86.860.75 Net receipts I Ipaymentsl Transfers between funds 29.538.26 22,593.82 52,132.08 18,661.59 Net movement in funds Funds brought forward 29.538.26 22,593.82 24,749.97 157,144.47 52,132.08 181,894.44 18,661.59 163.232.85 Funds carried torwaids 54,288.23 179.738.29 234,026.52 181,894.44

GLASCAA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unreslrlcted Restrlcted Funds Funds Endowment Total 2024 Total 2023 Funds Funds Reconclllatlon Bank and Cash at start ofyear Net movement in funds 24,749.97 157,144.47 29,538.26 22.593.82 181,894.44 52,132.08 163,232.85 18,661.59 Bank and Cash at end ofyear 54,288.23 179,738.29 234,026.52 181.894.44 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 64,635 169,392 50.224 131.670 234,027 181.894 Other Assels Fixed Assets- Note 10 Church premises Sexton House Manse and farm Investments- Note 11 2,202,000 180,500 1,221,400 212,663 2,077.000 172.000 1.148.000 203.062 3,816,563 3,600,062 Llabllltles Loans Other 3,816,563 3.600.062 Approved by the Kirk Session and signed on its behalf by: Rev Rodney Moody Convenor Alan Little Clerk of Session Date: SI-S-IS Date..

GLASCAR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income ofthe 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 capitalof which must be retained either permanently or at the congregation's discretlon; the income derived from the endowment is to be used either as restructied or unrestricted income funds dpending upon the purposes for which the endownment was established in the first place Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designate(I f unds are general funds set aside by the congregation for use in the f uture, 2. DONATIONS AND LEGACIES Unrestrlcted Restrlcted Funds Funds Endowment Total 2024 Total 2023 Funds Recorded glvlng Loose collections 861.20 37,214.30 5,331.18 1,000.00 293.30 15.785.00 2,365.00 1.154.50 52,999.30 7,696.18 1,000.00 1,248.40 53.341.77 5,667.58 Donations and gifts Gift Aid Legacies and bequests 44,406.68 18,443.30 62,849.98 60,257.75 3. CHARITABLE ACTIVITIES Unrestrlcted Restrlcted Funds Funds Endowment Total 2024 Total 2023 Funds Income from charltable actlvltles Fees from weddings and funerals Burial fees. Graveyard registration & Fees Fundraising events Collections for Appealslcharities Grants PCI repayments 236.50 236.50 3,400.00 300.00 3,400.00 3,550.00 7,410.14 7,410.14 7,457.00 3,266.98 1,473.42 11,046.64 11.046.64 16,047.40

1. OTHER TRADING ACTIVITIES Unrestrlcted Restrlcted Funds Funds Endowment Total 2024 Total 2023 Funds Lettingof premises Manse Farm land letting Miscellanous income 3,780.00 3,780.00 3,680.00 177.52 3,857.52 3,780.00 3,780.00
2. INVESTMENT INCOME Unrestrlcted Restrlcted Endowment Total 2024 Total 2023 Funds Funds Funds Deposit interest General Investment Fund Other Investment income 1,653.08 202.62 2.410,77 2,911.92 4.063.85 3,114.54 1,746.03 8,924.42 1,766.14 2.453.88 1.375.66 5,595.68 1,746.03 3,601.73 5,322.69
3. OTHERINCOME Unrestrlcted Restrlcted Funds Funds Endowment Total 2024 Total 2023 Funds Donaghmore Share of expenses Wayleave Bowling Club Litte Chicks Sunday School 350th Glascar and Donaghmore GB Presbyterian Women Ignite Youth 3,014,50 1,241.36 268.68 4,255.86 268.68 3,724.50 277.65 504.79 2,450.56 9.126.00 2,449.47 128.04 504.79 519.10 2,075.31 2,450.56 9.126.00 2.449.47 128.04 2,281.55 680.88 9,558.99 3,014.50 16,168.90 19.183.40

4. RAISING FUNDS Unrestrlcted Restrlcted Funds Funds Endowment Total 2024 Total 2023 Funds FWO Envelopes Fund raisingfor Building Fund 825.00 825.00 10.205.00 10,205.00

5. CHARITABLE ACTIVITIES Unrestflcted Restrlcted Funds Funds Endowment Total 2024 Total 2023 Funds General Assembly Assessments Presb￿ery Fees Ministry and Support Staff Congregation running expenses Donations to Missions and Charities Donations for outreachlmission 2,670.00 355.00 2,670.00 355.00 9,108.15 395.00 2,439.00 7,018.98 7,443.00 200.00 3,287.00 6,343.59 614.00 3,287.00 6,343.59 7,344.14 500.00 6,730.14 500.00 13,769.59 6.730.14 20,499.73 26,604.13

6. OTHER EXPENDITURE Unrestrlcted Restrlcted Funds Funds Endowment Total 2024 Total 2023 Funds Bowling Club Litte Chicks Sunday School 350th Glascar and Donaghmore GB Presbyterian Women Ignite Youth General Assembly Assessments Presbytery Fees Ministry and Pulpit Supply Church Volunteers Power. Fuel, Telephone General Supplies Buildings Expenditure Farm Expenditure Ground Expenditure Repairs and Maintenance Investment income distributed Bank charges 379.79 2,267.63 8,464.06 2.577.00 57.35 379.79 2.267.63 8.464.06 2,577.00 57.35 303.10 1,843.73 2,077.00 1,137.00 5,837.00 500.00 5,837.00 500.00 5,095.00 52.08 8.580.96 856.38 2,490.00 537.32 52.08 8,580.96 856.38 2,490.00 537.32 1,101.54 276.52 33,977.63 68.68 32,410.86 524.42 10,027.75 656.79 867.88 5,244.41 60,256.62 1,101.54 276.52 7,715.06 26,262.57
7. FIXED ASSETS The congregation owns the church premises with adjacent graveyard situationed at Glascar Road and the manse and manse farm at Ballynafern Road. These are valued for insurance purposes at £3.603,900.
8. INVESTMENTS The congregation owns 15237 shares in the general investment fund these are valued at the end of year share price of £13.957 per share