an KNAPPAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 44865 800 51248 125 96113 925 90674 1552 iio 1215 iio 1215 115 2811 Sale of Investments Sale of fixed assets Loans Received Total Receipts 46990 51373 98363 95152 Payments Raising funds Charitable activities Investment costs Other 48641 10455 59096 63410 13106 Purchase of Investments Purchase of fixed assets Loan Repayments 22191 22191 52191 Total Payments 48641 32646 81287 128707 Net receipts / Ipaymentsl Transfers between funds -1651 -1042 18727 17076 -33555 1042 Net movement in funds Funds brought forward -2693 33698 19769 22483 17076 56181 -33555 89736 Funds carried forward 12 31005 42252 73257 56181
Presbyter an KNAPPAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2024 Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 333698 -2693 22483 56181 17076 89735 -33554 19769 Bank and Cash at end of year 31005 42252 73257 56181 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 31005 41801 451 72806 451 55716 465 73257 56181 Other A55ets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Investments- Note 11 Gift Aid receivable on donations 1298 1239 1298 1239 Liabilities Loans Other 140000 152000 140000 152000 Approved by the Kirk Session at a meeting on 8th April 2025 and signed on its behalf by Ivan Thompson John Rollston 8th April 2025 8th April 2025 io
an KNAPPAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 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. FUND ACCOUNTING Endowm'ent 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 funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise {a} 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 funrls are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 35925 1315 io 7615. 32697 1235 9261 68622 2550 9271 15670 70574 2660 675 8055 16765 44865 51248 96113 90674 11
an KNAPPAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 1552 800 8CKJ 125 125 800 125 925 1552 OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment properties Other investment income 79 79 31 91 31 24 338 iio iio 115 12
an KNAPPAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 OTHER INCOME Unrestrirted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Lislooney shared expenses Oil tank Pulpit supply Other income 718 2CHJ 150 148 718 200 150 1183 148 28 1215 1215 1211 RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Fundraising events CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 General Assembly Assessments Ministry and support staff costs Congregational running expenses Donations to Missions & charities 7966 23775 16900 7966 23775 7470 23444 984 9472 17884 9472 19796 127CKJ 48641 10455 59097 63410 13
an KNAPPAGH CONGREGATION OF THE pREsBER1AN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Building expenses 13106 13106 10. FIXED ASSETS The congregation owns the Church premises situated at 11 Cavanbellaghy Road and a manse situated at 9 Elm Park Road for the minister and the associated fixtures, fittings, plant and machinery. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 General Investment Fund 1298 1239 1298 1239 14
an KNAPPAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Deficit) Balance at end Unrestricted Funds General 33698 46990 48641 -3151 -1041 31005 33698 46990 48641 -3151 -1041 31005 Restricted Funds Building/Repairs pw Knappagh Youth Bowling Club United Appeal General Missions Fund 21385 122 41368 833 loo 22416 525 18953 308 40338 430 642 334 759 1500 1483 125 3394 -459 3394 5553 5553 22483 51373 32646 19261 1041 42251 Endowment Funds General Investment 1239 59 59 1298 Total 57420 98423 81288 16169 1959 74555 15