## **CLARE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024** ||**Note**|**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| |---|---|---|---|---|---|---| |||**Funds**|**Funds**|**Funds**|**2024**|**2023**| |||£|£|£|£|£| |**Receipts**||||||| |Donations and legacies|2|47,400|102,427|0|149,827|91,758| |Charitable activities|3|930|12,569|0|13,499|11,856| |Other trading activities|4|0|0|0|0|0| |Investment Income|5|155|17,160|250|17,565|19,213| |Other|6|938|0|0|938|690| |||----------|----------|----------|----------|----------| |||49,423|132,156|250|181,829|123,517| |Sale of Investments||0|0|0|0|0| |Sale of fixed assets||0|0|0|0|0| |Loans Received||0|100000|0|100000|10,000| |||----------|----------|----------|----------|----------| |**Total Receipts**||49,423|232,156|250|281,829|133,517| |||----------|----------|----------|----------|----------| |**Payments**||||||| |Raising funds|7|260|0|0|260|191| |Charitable activities|8|59,866|130,837|0|190,703|528,208| |Investment costs||||||0| |Other|9|0|0|0|0|0| |||----------|----------|----------|----------|----------| |||60,126|130,837|0|190,963|528,399| |Purchase of Investments||0|0|0|0|0| |Purchase of fixed assets||0|0|0|0|0| |Loan Repayments||0|0|0|0|0| |||----------|----------|----------|----------|----------| |**Total Payments**||60,126|130,837|0|190,963|528,399| |||----------|----------|----------|----------|----------| |Net receipts||(10,703)|101,319|250|90,866|(396,588)| |Transfers between funds||(22,031)|22,031|0|0|0| ||||--------|||| |||----------||----------|----------|----------| |Net movement in funds||(32,734)|123,350|250|90,866|(396,588)| |Funds brought forward||36,077|(337,269)|20,311|(280,881)|115,707| |||----------||----------|----------|----------| |Funds carried forward||3,343|(213,919)|20,561|(190,015)|(280,881)| 10 Presbyter an CLARE CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND STATEMENT OF ASSEtS AND UABILMES As at 31 December 2024 Restricted Furtds Unrestricted Funds Endowment Total Funds Totsl Funds Funds 2024 2023 Funds Reconciliation 83nk at start of year, Net movement in funds 36,077 (32,734) {337.269) . 123,350 20,311 250 (280.881 .866 115.707 (396,588) Bank at end of year 3,343 20,561 (190,015) .,(280,881) Bank Balan￿5 Bank Deposit Accounts Bar4k CuTTent Accounts Cash in Hand 20,561 (210.576) 20,311 {301.192) (190,015) ,(280.881} Fixed Assets Church Premises at 8 & 9 Clare Road, Tandragee BT62 2EY. Fixtures, Fittings & Equipment Investments Gtft Aid re￿1vable on donations Investment Properties at: 10 & 31 aare Road, Tandragee And 8 Acres A£ricultural Land 15.270 21,923 15.270 21,923 Liabilities Loans Approved by the Kirk Session at a meeting on 12th May 2025 a nd signed on its behalf by Name Name fdiL5? vJ*," M¢cLEuAKJb 11 ## **CLARE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 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. DONATIONS AND LEGACIES** ||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| |---|---|---|---|---|---| ||**Funds**|**Funds**|**Funds**|**2024**|**2023**| ||£|£|£|£|£| |Recorded giving:|35,138|59,288|0|94,426|73,174| |Loose collections|3,845|3,409|0|7,254|7,126| |Donations and gifts|300|18,284|0|18,584|4,711| |Gift Aid|8,117|21,446|0|29,563|16,387| |Legacies and bequest|0|0|0|0|0| ||----------|----------|----------|----------|----------| ||47,400|102,427|0|149,827|101,398| ||----------|----------|----------|----------|----------| 12 ## **CLARE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS** **31 December 2024** ## **3. CHARITABLE ACTIVITIES** |**3.**|**CHARITABLE ACTIVITIES**|||||| |---|---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| |||**Funds**|**Funds**|**Funds**|**2024**|**2023**| |||£|£|£|£|£| |Income from charitable activities||0|2062|0|2062|3,050| |Fees from weddings and funerals||0|0|0|0|40| |Fundraising events||930|8,456|0|9386|6,110| |Membership fees||0|360|0|360|1,190| |Grants||0|1691|0|1691|4,900| |||----------|----------|----------|----------|----------| |||930|12,569|0|13,499|15,290| |||----------|----------|----------|----------|----------| |**4.**|**OTHER TRADING ACTIVITIES**|||||| |||**Unrestricted**|**Restricted**|**Endowment**|**Total 2024**|**Total 2023**| |||**Funds**|**Funds**|**Funds**||| |||£|£|£|£|£| |Letting of premises||0|0|0|0|0| |Trading income||0|0|0|0|0| |||----------|----------|----------|----------|----------| |||0|0|0|0|0| |||----------|----------|----------|----------|----------| |**5.**|**INVESTMENT INCOME**|||||| |||**Unrestricted**|**Restricted**|**Endowment**|**Total 2024**|**Total 2023**| |||**Funds**|**Funds**|**Funds**||| |||£|£|£|£|£| |Deposit interest||88|0|250|338|513| |Rents investment properties||0|16868|0|16,868|14,073| |Other investment income||67|292|0|359|67| |||----------|----------|----------|----------|----------| |||155|17160|250|17,565|14,653| |||||----------||| |||----------|----------||----------|----------| 13 ## **CLARE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)** ## **31 December 2024 6. OTHER INCOME** |**31 December 2024**
**6.**
**OTHER INCOME**|||||| |---|---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| ||**Funds**|**Funds**|**Funds**|**2024**|**2023**| ||£|£|£|£|£| |Insurance claims|0|0|0|0|0| |Other income|938|0|0|938|470| ||----------|----------|----------|----------|----------| ||938|0|0|938|470| ||----------|-------|----------|----------|----------| ## **7. RAISING FUNDS** |**7.**|**RAISING FUNDS**|||||| |---|---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|**Endowment**|**Total 2024**|**Total 2023**| |||**Funds**|**Funds**|**Funds**||| |||£|£|£|£|£| |FWO|envelopes|260|0|0|260|191| |Fundraising events||0|0|0|0|0| |||----------|----------|----------|----------|----------| |||260|0|0|260|803| |||----------|----------|----------|----------|----------| |**8.**|**CHARITABLE ACTIVITIES**|||||| |||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| |||**Funds**|**Funds**|**Funds**|**2024**|**2023**| |||£|£|£|£|£| |General Assembly Assessments||12,015|0|0|12,015|11,983| |Presbytery fees||381|0|0|381|208| |Ministry and support staff costs||10,994|0|0|10,994|10,282| |Congregational running expenses||36,476|117,389|0|153,865|491,732| |Donations to Missions and charities||0|13,329|0|13,329|13,860| |Governance costs||0|119|0|119|143| |||----------|----------|----------|----------|----------| |||59,866|130,837|0|190,703|528,208| |||----------|----------|----------|----------|----------| 14 ## **CLARE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)** **31 December 2024** ## **9. OTHER EXPENDITURE** |**9.**
**OTHER EXPENDITURE**|||||| |---|---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| ||**Funds**|**Funds**|**Funds**|**2024**|**2023**| ||£|£|£|£|£| |Investment properties expenses|0|0|0|0|24,725| ||----------|----------|----------|----------|----------| ||0|0|0|0|24,725| ||----------|----------|----------|----------|----------| ## **10. FIXED ASSETS** The congregation owns the Church premises situated at 8 & 9 Clare Road, Tandragee BT62 2EY and the associated fixtures, fittings, plant and machinery. ## **INVESTMENTS** The congregation has the following investments. |The congregation has the following investments.||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Properties at 10 & 31 Clare Road,||| |Tandragee, BT62 2EY||| |8 acres of agricultural land||| ||----------|----------| ||N/A|N/A| ||----------|----------| 15 ## **CLARE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)** **31 December 2024** ## **11. FUND BALANCES** |**Fund**|**Balance**|**Receipts**|**Payment**|**Surplus /**|**Transfer**|**Balance at**|**Balance at**| |---|---|---|---|---|---|---|---| ||**atstart**|||**(Deficit)**|||**end**| ||£|£|£|£|£||£| |**Unrestricted Funds**|||||||| |General Fund|36,077|49,423|60,126|(32,734}|(22,031}||
3,343| ||----------|----------|----------|----------|----------|----------|| ||36,077|49,423|60,126|(32,734)|(22,031)||
3,343| ||----------|----------|----------|----------|----------|----------|| |**Restricted Funds**|||||||| |Renovation Fund|7,824|24,868|3,198|(7,824}|(29,494)||0| |Building Fund|(364,736)|184,695|105,277|132,794|53,376
||(231,942)| |Missions (General)|2,233|4,972||272|(4,700)||2,505| |Dillon Bequest|2,993|16|15|1|0||2,994| |Presbyterian Woman|4,827|4,895|3,463|(950)|(2,382)||3,877| |Missions|0|7,674|7,674|0|0||0| |Sunday School|717|2,943|2,601|344|||1061| |Bowling Club|674|1,571|1,715|(144)|||530| |Girl’s Brigade|5,614|2,876|4,257|(950)|251||4,484| |Badminton Club|2,585|2|15||||2,572| ||----------|----------|----------|----------|----------|----------|| ||(337,269)|232,156|130,837|123,350|(44,743)||(213,919)| |**Endowment Funds**|----------|----------|----------|----------|----------|----------|| |General Fund Bequests|6,464|0|0|0|0||6,464| |Repair Fund Bequests|4,643|0|0|0|0||4,643| |Renovation Fund Beq|4,000|0|0|0|0||4,000| |McClelland Bequest|5204|250|0|0|0||5,454| ||----------|----------|----------|----------|----------|----------|| ||20,311|250|0|0|0||20,561| ||----------|-----------|-----------|-----------|-----------|----------|| ||(280,881)|281,829|190,963|90,866|0|(190,015)|| ||----------|----------|----------|----------|----------|----------|| 16