Presbyter an CHURCH IN IRELAND RYANS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS for the year ended 31 December 2024 Registered Charity in Ilorthern Ireland (105053)
RYANS CONGREGATION OF THE PRESBYTERIAN C[RCH IN IRELAND STATEMENT OF FINANCIAL ACTIvrrY (Receipts and Payments Account) for the year ended 31 December 2024 Note , nrestricted Funds Restricted EndoTh'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 N¢t rcceipts / (payments) Transfers between funds Net movement in fun& (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 forward 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 53,192.42 STATE.MENT OF ASSETS AND LIABILITIES for the year ended 31 December 2024 UDrestricted 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 10,309.8? 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 ?59.16 349,658.81 366,917.97 53,192.42 Bank & Cash Balances Bank Current Accounts Cash in Hand 366,917.97 53,192.42 366 917.97 53 19?.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 the Kirk Scssion on 17 February 2025 and signed on their behalf by: Rev B Colvin
RYANS CONGREGATION OF THE PRESBYfEIUAN CHURCH IN IRELAND NOTES TO THE ACCOUNrs for the year ended 31 December 2024 I. 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. FITND ACCOITNTING Endowment funds arc funds, the capital of which must be retained either pern]anently or at the CongatIon,S discretion; the income derived •1 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 fst 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 [Tnrestrieted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Freewill and loose offerings Donations and gifts Gift Aid 26,757.21 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 Endowment Funds Funds Total 2024 Total 2023 Income 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 [1 nrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Farni income 12,454.91 12.454.91 12,139.05 S. INVESTMENT INCOME Lrnrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Deposit interest 13.08 3 861.25 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 1,200.00 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 CHURCH IN lllELAND NOTES TO THE AccouNfs (cont'd) for the year ended 31 December 2024 7. RAISING FUNDS Unrestricted FuDds Restricted Endowment Funds Funds Total 2024 Total 2023 FWO envelopes 8. CHARITABLE ACTIVITIES ITnrestricted Funds Restricted EndoTrvment Funds Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministy and support staff costs Premises costs conegatIOnal running expenses Donations to Missions and Charities 1,478.00 1,478.00 15,802.55 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 Unrestricted Funds Restricted Endowmellt Funds Funds Total 2024 Total 2023 Farni expenses 6.610.77 6,610.77 11,632.70 10. FITND BALANCES Balance at start Surplus (Deficit) Balance at end Receipts Payment Transfer ITnrestricted 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 Fund&• General Trustees Farni Manse Sunday School P.W Account Business Investment Account 2 Year Fixed Rate Account 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 24,572.45 666.61 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 _113 725.55 766.917.97