LISSARA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024
| Unrestricted | Restricted | Endownment | TOTAL | TOTAL | ||
|---|---|---|---|---|---|---|
| Funds £ | Funds £ | Funds £ | 2024 | 2023 | ||
| Receipts | ||||||
| Donations and legacies | 2 | 114850 | 18869 | 0 | 133719 | 121246 |
| Charitable activities | 3 | 0 | 950 | 0 | 950 | 1050 |
| Other trading activities | 4 | 285 | 0 | 0 | 285 | 177 |
| Investment Income | 5 | 400 | 13894 | 0 | 14294 | 12953 |
| Other | 6 | 252 | 15480 | 0 | 15732 | 14716 |
| SUB TOTALS | 115787 | 49193 | 0 | 164980 | 150142 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Sale of fixed assets (Site at Old Manse) |
6 | 78729 | 0 | 0 | 78729 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 194516 | 49193 | 0 | 243709 | 150142 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Payments | ||||||
| Raising funds | 7 | 518 | 0 | 0 | 518 | 364 |
| Charitable activities | 8 | 94272 | 24531 | 0 | 118803 | 117243 |
| Investment costs | 9 | 16412 | 2036 | 0 | 18448 | 36458 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Payments | 111202 | 26567 | 0 | 137769 | 154065 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net receipts / (payments) | 83313 | 22626 | 0 | 105939 | -3923 | |
| Transfers between funds IN | 114954 | 3488 | 0 | 118442 | 1716 | |
| Transfers between funds | -114665 | -3777 | 0 | -118442 | 1716 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | 83602 | 22337 | 0 | 105939 | -3923 | |
| Funds brought forward | -54777 | 122498 | 0 | 67721 | 71644 | |
| ---------- | ---------- | ---------- | ---------- | |||
| Funds carried forward | 28825 | 144835 | 0 | 173660 | 67721 |
LISSARA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024
| Unrestricted | Restricted | Restricted | Endow- | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | ment Funds |
Funds 2024 | Funds 2023 | ||
| £ | £ | £ | £ | £ | ||
| Funds Reconciliation | ||||||
| Bank and Cash at start of year | -54776 | 122497 | 0 | 67721 | 71644 | |
| Net movement in funds | 83313 | 22626 | 0 | 105939 | -3923 | |
| Transfer between funds | 288 | -288 | 0 | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Bank and Cash at end of year | 28825 | 144835 | 0 | 173660 | 67721 | |
| ======- | ======= | ======= | ======= | ======= | ||
| Bank & Cash Balances | ||||||
| Bank Deposit Accounts | 0 | 0 | 0 | 0 | 0 | |
| Bank Current Accounts | 28825 | 144835 | 0 | 173660 | 67721 | |
| Cash in Hand | 0 | 0 | 0 | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 28825 | 144835 | 0 | 173660 | 67721 | ||
| ======= | ======= | ======= | ======= | ======= | ||
| Other Assets | ||||||
| Fixed Assets | ||||||
| - Church Premises | 0 | 0 | 0 | 0 | 0 | |
| - Fixtures, Fittings & Equipment | 0 | 0 | 0 | 0 | 0 | |
| - Vehicles | 0 | 0 | 0 | 0 | 0 | |
| Investments | 633 | 16344 | 0 | 16977 | 16209 | |
| Townhouses – Rental properties | 0 | 123192 | 0 | 123192 | 123192 | |
| Gift Aid receivable on donations | 0 |
0 | 0 | 0 | 0 | |
| ---------- | ---------- | |||||
| 140169 | 139401 | |||||
| ======= | ======= | |||||
| Liabilities | ||||||
| Loans | 0 | 0 | 0 | 0 | -115111 | |
| Other | 0 | 0 | 0 | 0 | 0 | |
| ---------- | ---------- | |||||
| 0 | -115111 | |||||
| ~~=======~~ | ======= |
Approved by the Kirk Session at a meeting on 13th March 2025 and signed on its behalf by
Rev Alan Burke S Matthew Cuffey
[Name] ___ [Name] _____
[Date] 13th March 2025 [Date] 13th March 2025
12
LISSARA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024
1 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
Endowment 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 (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
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
**Total 2024 ** |
Total 2023 | |
|---|---|---|---|---|---|
| £ | £ |
£ |
£ |
£ |
|
| Recordedgiving: | 96655 | 0 | 0 | 96655 | 85669 |
| Loose collections | 173 | 0 | 0 | 173 | 1972 |
| Gift Aid | 17557 | 0 | 0 | 17557 | 14801 |
| Donations and gifts | 50 | 15660 | 0 | 15710 | 12987 |
| Giftaid onoccasional | 415 | 3209 | 0 | 3624 | 2755 |
| Legacy | 0 | 0 | 0 | 0 | 3062 |
| 114850 | 18869 | 0 | 133719 | 121246 |
LISSARA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024
3 CHARITABLE ACTIVITIES
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2024 |
Total 2023 |
|
|---|---|---|---|---|---|
| £ | £ |
£ |
£ |
£ |
|
| Income from charitable activities | 0 | 0 | 0 | 0 | 0 |
| Fees from weddings and funerals | 0 | 950 | 0 | 950 | 1050 |
| Fundraisingevents | 0 | 0 | 0 | 0 | 0 |
| Membershipfees | 0 | 0 | 0 | 0 | 0 |
| Grants | 0 | 0 | 0 | 0 | 0 |
| 0 | 950 | 0 | 950 | 1050 |
4. OTHER TRADING ACTIVITIES
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2024 |
Total 2023 |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Lettingofpremises | 0 | 0 | 0 | 0 | 0 |
| Trading income - church magazines |
285 | 0 | 0 | 285 | 177 |
| 285 | 0 | 0 | 285 | 177 |
5. INVESTMENT INCOME
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2024 |
Total 2023 |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Deposit interest | 0 | 0 | 0 | 0 | 0 |
| Bank & BuildingSocietyInterest | 400 | 0 | 0 | 400 | 377 |
| General Investment Fund | 0 | 386 | 0 | 386 | 304 |
| Rents investmentproperties | 0 | 13490 | 0 | 13490 | 12255 |
| Other investment income | 0 | 18 | 0 | 18 | 17 |
| 400 | 13894 | 0 | 14294 | 12953 |
14
LISSARA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2024
6 OTHER INCOME
| 6 OTHER INCOME | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted |
Endowment |
Total |
Total |
||
| Funds | Funds |
Funds |
2024 | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Sale of site at old manse | 78729 | 0 | 0 | 78729 | 0 | |
| Other income –grants | 480 | 0 | 480 | 0 | ||
| Miscellaneous income – from BB, GB, | 0 | 15000 | 0 | 15000 | 11325 | |
| PW | ||||||
| Miscellaneous income | 252 | 0 | 0 | 252 | 3391 | |
| 78981 | 15480 | 0 | 94461 | 14716 | ||
| Overall Total Incomes | 194516 | 49193 | 0 | 243709 | 150142 |
7 RAISING FUNDS
| 7 RAISING FUNDS | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted |
Endowment |
Total |
Total |
||
| Funds | Funds |
Funds |
2024 |
2023 | ||
| £ | £ | £ | £ | £ | ||
| FWO envelopes | 518 | 0 | 0 | 518 | 364 | |
| Fundraisingevents | 0 | 0 | 0 | 0 | 0 | |
| 518 | 0 | 0 | 518 | 364 |
8 CHARITABLE ACTIVITIES
| 8 CHARITABLE ACTIVITIES | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted |
Endowment |
Total |
Total |
||
| Funds | Funds |
Funds |
2024 |
2023 | ||
| £ | £ | £ | £ | £ | ||
| General AssemblyAssessments | 26246 | 0 | 0 | 26246 | 24613 | |
| Presbyteryfees | 851 | 0 | 0 | 851 | 826 | |
| Ministryand support staff costs | 45976 | 41 | 0 | 46017 | 44363 | |
| Congregational runningexpenses | 16309 | 14842 | 0 | 31151 | 22897 | |
| Donations to Missions and charities | 0 | 9215 | 0 | 9215 | 9614 | |
| Governance costs | 4890 | 433 | 0 | 5323 | 14931 | |
| 94272 | 24531 | 0 | 118803 | 117244 |
LISSARA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2024
9 OTHER EXPENDITURE
| 9 OTHER EXPENDITURE | |||||
|---|---|---|---|---|---|
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2024 |
Total 2023 |
|
| £ | £ |
£ |
£ |
£ |
|
| Investment properties expenses |
0 | 2036 | 0 | 2036 | 4686 |
| Purchase and upgrade new manse |
16412 | 0 | 0 | 16412 | 31772 |
| 16412 | 2036 | 0 | 18448 | 36458 | |
| TOTAL EXPENDITURE | 111202 | 26567 | 0 | 137769 | 154064 |
10. FIXED ASSETS
The congregation owns the Church premises situated at The Square, Crossgar, a manse for the minister and the associated fixtures, fittings, and equipment.
11. INVESTMENTS
The congregation has the following investments. Property is shown at cost, other investments are shown at market valuation.
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| £ | £ |
||||
| General Investment Fund | 16344 | 15606 | |||
| Property (2 townhouses) | 123192 | 123192 | |||
| Other investments | 633 | 603 | |||
| ---------- | ---------- | ||||
| 140169 | 139401 |
LISSARA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2024
12. FUND BALANCES
| 12. FUND BALANCES | ||||||
|---|---|---|---|---|---|---|
| Fund | Balance at start |
Receipts | Payment | Transfer In | Transfer Out |
Balance at end |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| Income and Expenditure | 122,206 | 115,787 | 94,790 | 114,377 - |
28,826 | |
| Manse Movement Fund | 176,982 - |
78,729 | 16,412 | - | 114,665 - |
- |
| Sub Total Unrestricted | 54,776 - |
194,516 | 111,202 | 114,377 - |
114,665 - |
28,826 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Restricted Funds | ||||||
| Boys' Brigade Fund | 4,863 | 8,975 | 6,683 | 95 | - | 7,250 |
| Building Fund/Finlay Memorial | 19,872 | 4,627 | 150 | 2,288 | - | 26,637 |
| Cemetery Capital Account | 4,146 | - | - | - | - | 4,146 |
| Cemetery Fund | 15,114 | 2,050 | 1,800 | - | - | 15,364 |
| Choir Fund | 510 | - | 28 | - | 538 | |
| Church Missions and Charities Fund | 4,216 | 8,581 | 7,815 | - | - | 4,982 |
| Fundraising Fund | 6,182 | - | - | - | - | 6,182 |
| Girls' Brigade Fund | 17,169 | 3,027 | 3,073 | 869 | - | 17,992 |
| Interest/Dividends Fund | 0 | 404 | 67 | - | 337 | - |
| Killinchy Woods Sabbath School Capita | 20 |
- | 0 | 12 | 32 | - |
| Killinchy Woods Sabbath School Curren | 310 |
- | 32 | - | 342 | |
| Lowry - Upkeep of Grave | 220 | - | - | 9 | - | 229 |
| McIlwrath - Upkeep of Grave | 1,000 | - | - | - | - | 1,000 |
| Ministers Fund | - | - | - | - | - | - |
| POCS | 1074 | 957 | 1,000 | - | - | 1,031 |
| PW Fund | 532 | 2,998 | 3,260 | 155 | - | 425 |
| Robinson - Upkeep of Grave | 1,434 | - | - | - | - | 1,434 |
| Shields - Upkeep of Grave | 1,346 | - | - | - | - | 1,346 |
| Suspense Fund | 3,189 | 3,690 | 283 | - | 3,407 | 3,189 |
| Townhouses Development Fund | 39,495 | 13,490 | 2,036 | - | - | 50,949 |
| World Development Fund | 40 | 394 | 400 | - | - | 34 |
| Youth Club Fund | 1,763 | - | - | - | - | 1,763 |
| Sub total Restricted | 122,495 | 49,193 | 26,567 | 3,488 | 3,776 | 144,833 |
| Total | 67,719 | 243,709 | 137,769 | - 110,889 | - 110,889 | 173,659 |