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

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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 pREsB￿ER1AN 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