an REDROCK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) For the year ended 31 December 2024 Unrestrlrted Restrlrted Funds Funds Total 2024 Total Z023 Note Recelpts Donatlons and legacies Charitable attivities Other income 63,026 2.942 138 38,950 11,589 334 101.976 14,531 472 98,2C(I 16.486 414 Total Receipts 66.106 $0,873 116,979 115,1 Payments Raising Funds Charitable artivities Loan repayments Loan interest and charges 677 63.651 677 91.067 14,465 776 96,501 31,132 344 27.416 14,465 Total Payments 64.328 41,881 106,209 128,753 Net receipts/ipaymentsl 1,778 8,992 10.770 {13,653) Transfers between funds (3,9571 3,9S7 Net movement in funds (2,179) 12,949 10,770 (13,653) Funds broughtforward 18.438 38,436 56,874 70,527 Funds carried forward 16,259 51.385 67.644 56.874
REDROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREiAND STATEMENT OF AS5Efs AND UABIUTIES As at 31 December 2024 Note Unrestrirted Funds Restrirted Funds Total Funds 2024 Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in fijnds 18.438 12.179) 38.436 12,949 56,874 10.770 70,527 113.653) Bank and Cash at end of year 16.258 51.385 67.644 56,874 Bank and Cash Balances Bank Current Accounts 67.644 56,874 Fixed Assets Fixed Assets 3,621,287 3.448,845 Other Assets Gift Aid receivable on donations 12.292 13,011 Liabilities CFI Loan 70,424 79.303 70,424 79.303 Approved by the Kirk Session at a meeting on 27th Oct and signed on its behalf by inlay Arnold Black
REDROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POUCIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,0 the congregation have elected in accordance with the prowsions in The Charities (Accounts and Reports Regulations {Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND AccouKnNG Restritted funds comprise lal 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 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. DONATIONS AND LEGACIES Unrestrirted Funds RestriLted Funds Total 2024 Total 2023 Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequests 49,450 365 5,813 7,398 28,288 987 4,062 5.613 77,738 1.352 9.875 13,011 77.220 1.396 6,243 13,341 63.026 38.950 101,976 98,2CK)
REDROCK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestrirted Funds Restrirted Funds Total 2024 Total 2023 Income from charitable attivities Grants 2.942 6,804 4,785 9,746 4,785 13.090 3,396 2,942 11,589 14,531 16.486 OTHER INCOME Unrestrirted Funds Restricted Funds Total 2024 Totsl 2023 Deposit interest 138 334 472 414 RAISING FUNDS Unre5tiicted Funds Restricted Funds Total 2024 Total 2023 FWO Envelopes 677 677 776 CHARITABLE AcnvrnES Unrestricted Funds Restricted Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support stsff costs Congregafjonal running expenses Donations to Missions and charities 10.325 370 36,460 16.496 10,325 370 36,460 36,040 7,872 13,587 395 30,555 42,9CKI 9.064 19.544 7,872 63.651 27.416 91,067 96,501
an REDROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS 31 December 2024 FIXED ASSETS The congregation ovms the Church premises situated at Redrock Road, Collone and the associated fixtures and fittings. The Manse at Newry Road, Armagh is also owned by the congregation. These have a total insurance value of £3,621,287 at last renewal date. 31 Ottober 2024. LOANS Total 2024 Total 2023 Opening balance Loan repayments Loan interest 79.303 (14,4651 5,586 105,171 (31.1321 5,264 Closing balance 70,424 79,303 Loan interest on CFI Loan 15 charged and recorded on the CFI loan account. The interest does not form part of the Statement of Financial Activity.
an REDROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNT5 31 Dernber 2024 9. FUND BALANCES Fund Balance Receipts Payments Surplus l Transfer at stsrt (Deficit) Balance at end Unrestrirted Funds No l General Account 18,438 66,106 64.328 1,778 13,957) 16,259 18,438 66.106 64,328 1.778 {3,9571 16,259 Restricted Funds No l General Account No 2 Property Account No 3 Sunday School Account General Investment Account The Rocv PW Account Boys, Brigade Girls, Brigade Youth Fellowship Saturday Night Extra Youth Club Bowling Club 4,405 31,049 7,162 20,184 1,679 12,7571 10,865 {1,0151 2,757 23.098 490 7.683 274 1.4 2,939 33,963 475 7,683 203 2,186 3.303 982 81 2,175 334 I,wo 634 7,084 5.658 705 6,388 5.294 18 {711 696 364 782 2(KY 81 2,165 216 339 240 329 122 io 118 38,436 50.873 41.881 8,992 3,957 51,385 56,874 116,979 106.209 10,770 67,644