First Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments- Year Ended 31 December 2024 Note Unrestricted Funds Restricted Funds Endowment Fund5 Total 2024 Total 2023 Recelpts Voluntary Receipts.. Donations & Legacie5 Charitable Activities Other Trading Activities Investment Income Other 142,310 12,329 3,942 546 154,639 3,942 3,056 3,944 528 143,099 4,072 3,047 3.150 2,510 3,944 528 149,292 16,817 166,109 153,368 Sale of Investments Sales of Fixed Assets Loan5 Received io Total Receipts 149,292 16,817 166,109 153,368 Payments Raising Funds Charitable Activities Investment Costs Other 57,559 405 25,851 15,407 66 119,319 72.966 471 145,170 67,548 489 38,796 83,815 134,792 218,607 106,833 Purchase of Investment5 Purchase of Fixed Assets Loan Repayment5 io Total Payments 83,815 134,792 218,607 106,833 Net Receipts / Payments Transfers net 65,477 1117,9751 {52,4981 46,535 Net movement in funds 65,477 1117,9751 (52,4981 46,535 Funds brought forward 01 January 275,921 124,940 13,100 413,961 367,426 Deduct non cash/bank related Endowment Funds Funds carried forward 31 December 12 341,398 6,965 13,100 361,463 413,961
First Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments- Year Ended 31 December 2024 Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Note Funds Reconclllatlon Bank and cash at start of year 275,921 124,940 13,100 413,961 367,426 Net movement in funds 65,477 1117,9751 152,498) 46,535 Bank & cash atend ofyear 341,398 6,965 13,100 361,463 413,961 Bank & Cash Balances Bank Deposits Accounts Bank Current Account Cash on Hand 74,514 286,876 73 71,620 342,203 138 Total 361,463 413,961 Other Assets Investments li 8,932 8,529 Liabilities Loans Other Approved by the Kirk Session on 0910412025 and signed on its behalf by.. Trustee Trustee Date.. 0910412025 Date.. 0910412025
First Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments - Year Ended 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS A5 the total income of the congregatlon is less than £250,000 the congregation have elected in accordance wlth the provisions in The Charities (Accounts and Report5 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 fund5 depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (al income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl 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 lunds on an average balance basis. Unrestricted funds are income funds which are to be spent on the collgfegation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. RECEIPTS 2. DONATIONS & LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Recorded Giving Loose collections Donations & gifts Gift Aid Legacies & Beque5tS 111,062 2,308 7,734 21,206 9,429 283 488 2,129 120,491 2,591 8,222 23,335 107.369 1.486 11,298 22,946 142,310 12.329 154,639 143,099 3. CHARITABLE ACTIVITIE5 Unrestricted Funds Restrirted Fund5 Endowment Funds Total 2024 rotal 2023 Income From Charitable Activitie5 Fees from Weddings and Funerals Fundraising Events Membership Fees Grants Gift Aid 3.339 250 3.339 250 3,444 500 353 353 128 3,942 3,942 4.072
Flrst Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments - Year Ended 31 December 2024 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restrirted Funds Endowment Funds Total 2024 Total 2023 Lettlng of Premises Other 2,510 2,510 546 2,383 664 546 2,510 546 3,056 3.047 5. INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Deposit Interest General Investment Fund Rents Investment Properties Other Investment Income 3,733 211 3,733 211 2,984 166 3,944 3,944 3,150 6. Other Income Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Insurance Claims Other Income Transfer from General Account 528 528 528 528
First Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments - Year Ended 31 December 2024 PAYMENTS 7. RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 FWO Envelops Fundraising Events 8. CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 General Assembly Assessments Presbytery Fees Ministry and Support Staff Costs Congregational Running Expenses Donètions to Missions and Charities Governance Costs 13,357 819 16,913 26,470 13,357 819 16,913 26,470 15,407 11,834 865 18,025 21,399 15,425 15,407 57,559 15,407 72,966 67,548 9.OTHER EXPENDITURE Unrestritted Funds Restricted Funds Endowment Fund5 Total 2024 Total 2023 Repairs & Maintenance Expenses Speakers Materia15 Catering Supplies Transfer to General Reserve Other 24,705 1,009 122 1,359 265 25,714 122 1,359 1,411 26,797 loo 1,914 2,443 1,146 116,564 116,564 7,542 25.851 119,319 145,170 38,796
First Armagh Congregatron of the Presbyterian Church in Ireland Statement of Receipts and Payments - Year Ended 31 December 2024 10. FIXED ASSETS The Congregation owns the Church premises situated At Mall West, Armagh, the Church Hall situated at College Street, Armagh and the Manse situated at College Hill, Armagh. Together with the associated fixtures, tittings, plant and machinery these properties have insuance value5 as follows.. Total Total 2024 2023 Church 4,000,618 886,039 3,872,815 857,734 399,578 Church Hall Manse 412,764 5.299,421 5,130,127 11. INVESTMENTS Total 2024 Total 2023 General Investment Fund Property Other Investfflents 8,932 8,529 8,932 8.529
First Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments - Year Ended 31 December 2024 12. FUND BALANCES Balance atstart Receipts Payments Surplus/ (Deficit) Transfers nett Balance at end Unrestricted Funds General Account General Account- Investments Reserve Account 10.991 1,334 263,596 120,180 61,962 58,218 151,9091 583 51,326 17,300 1,917 322.181 29,112 21.853 7,259 275,921 149,292 83,815 65,477 341,398 Restricted Funds General Account Reserve Account Sunday School Account Sunday School Special Collections PW Account 13,907 13,907 116,345 2,641 116,345 7,636 68 891 1116,3451 11,298) 1.343 6.338 68 559 1,567 1.899 13321 124.940 16,817 134,792 1117,9751 6,965 Endowment Fund5 General Account 13,100 13.100 13,100 13,100 Total Fund5 413.961 166,109 218,607 52,498 361,463