Presbyter an CHVRCM IN IAELAND RYANS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS for the year ended 31 December 2024 .Registered Charity in Northern Ireland (IOi053)
RYANS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENf OF FINANCIAL ACTIvrrY (Receipts and Payments Account) for the year ended 31 Deeember 2024 Note I'nrestricted Funds Restricted Endoii'ment Funds Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 30,554.25 1,623.00 5.017.76 541.00 12,454.91 3,861.25 308,814.62 35,572.01 2,164.00 12,454.91 3,874.33 309,244.64 34,637.43 1,323.00 12,139.05 213.75 1,200.00 13.08 430.02 Total Receipts 32,620.35 330,689.54 363,309.89 49,513.23 Payments Raising funds Charitable activities Other 37,017.53 5,956.04 6,610.77 42,973.57 6,610.77 50,134.81 11,632.70 Total Payments 37,017.53 12,566.81 49,584.34 61,767.51 Nel receipts / (payments) Transfers between funds Net movement in fun£Ls (4,397.18) 14,707.00 10,309.82 318,122.73 14,707.00) 303,415.73 313,725.55 (12,254.28) 313,725.55 (12,254.28) Funds brought fonward 6,949.34 46,243.08 53,192.42 65,446.70 Funds carried forward 10 17.259.16 349.658.81 366.917.97 53.192.4? STATEMENT OF ASSETS AND LIABILITIES for the year ended 31 December 2024 Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 6,949.34 10,309.82 46,243.08 303,415.73 53,192.42 313,725.55 65,446.70 (12,254.28) Bank and Cash at end of year 17,259.16 349,658.81 366,917.97 53,192.42 Bank & Cash Balances Bank Current Accounts Cash in Hand 366,917.97 53,192.42 366 917.97 53 192.42 Other Assets Church properties and contents 84 acres of agricultural land During the year the Manse was sold and the proceeds from the sale put on deposit. Not valued Not valued Approved by thc Kirk Scssion on 17 February 2025 and signed on their behalf by: Rev B Colvin
RYANS CONGREGATION OF THE PRESBYTEIUAN CIIURCH IN IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2024 I. ACcOU1NG POLICtES BASIS OF FINANCLIL 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. FITND ACCOITNTING Endowment funds arc funds, thc capital of which must be rctained either pernianently or at the congregation's discretion; the income derived 11 from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was 11 estabtished in the fst place. Restiict¢d funds comprise (a) income from endowments which is to be expended only on th¢ restricted purposes intended by the donor and (b) 11 revenue donations or grants for a specific congrcgational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investm¢nt 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 &side by the congregation for use in the ture. 2. DONATIONS AND LEGACIES [Tnrestrieted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Freewill and loose offerings Donations and gifts Gift Aid 26,75 -21 30.00 3,767.04 30.554.25 4,376.50 227.51 413.75 5 017.76 31,133.71 257.51 4,180.79 35 572.01 25,849.00 5.047.25 3,741.18 34,637.43 3. CIIARrrABLE ACTIVITIES [Jnrestricted Funds Restricted Endowtnent Funds Funds Total 2024 Total 2023 Incomc from charitable activities Fees from weddings and funerals 541.00 541.00 1,623.00 2,164.00 788.00 535.00 1,323.00 1,623.00 1.623.00 541.00 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Farn] income 12,454.91 12,454.91 12,139.05 5. INVESTMENT INCOME ITnrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Deposit interest 13.08 3,861 ?5 3,874.33 213.75 6. OTHER INCOME [Tnrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Other income 430.02 308.814.62 309.244.64 i ?00.00 During the year the Manse was sold and the proceeds from this sale are included in restricted funds other income.
RYANS CONGREGATION OF THE PRESBYTERIAN CIIURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) for the year ended 31 December 2024 7. II4ISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 FWO envelopes 8. CHARNABLE ACTIVITIES [TDrestrieted Funds Restricted EndoTrYmellt Funds Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministy and support staff costs Premises costs Congregational running expenses Donations to Missions and Charities 1,478.00 1,478.00 15,80?.55 14,686.31 343.00 815.00 849.54 3,948.50 15,029.31 815.00 20,657.76 4,993.50 517.80 2,997.66 27,374.80 3,442.00 19,808.22 1,045.00 37 017.53 5 956.04 42 973.57 50 134.81 9. OTHER EXPENSES [Tnrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Farn] expenses 6,610.77 6,610.77 11,632.70 10. FUND BALANCES Balance at start Surplus (Deficit) Balance at end Receipts Payment Transfer Unrestricted Funds General Cash 6,949.34 32,620.35 37,017,53 (4,397.18) 14.627.00 80.00 14,707.00 17,179.16 80.00 17,259.16 6,949.34 32,620.35 37,017,53 4,397.18 Restricted Funds General Tnistees 509.75 8,382.62 33,761.02 471.92 539.83 2,577.94 3,479.25 308,201.49 12,422.20 833.13 335.30 1,747.84 3.670.33 3,013.50 465.75 844.74 307,356.75 (298,934.05) 6,610.77 5,811.43 (15,000.00) 532.10 301.03 (772.95) 208.52 126.78 1,357.18 390.66 3,670.33 975.50 16,805.32 24,572.45 Manse Sunday School P.W Account Business Investment Account 2 Year Fixed Rate Account 666.61 2,968.60 103,670.33 200,000.00 100,000.00 200,000.00 46,243.08 330,689.54 12,566.81 318,122.73 14,707.00 349,658.81 Total 53.192.42 363.309.89 49 584.34 313 725.55 366.917.97