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