Drumlee Congregation of the Presbyterian Church in Ireland Statement of Financial Activity (Receipts and Payments Account) for the year ended 31 December 2024
| Note Receipts Donations and Legacies 2 Charitable Activities 3 Other Trading Activities 4 Investment Income 5 Other 6 Sale of Investments Sale of Fixed Assets Loans Received |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 23,924 4,851 - 28,775 29,864 - 2,599 - 2,599 2,702 - 3,263 - 3,263 3,393 259 1,094 - 1,353 1,366 - - - - - 24,182 11,807 - 35,989 37,324 - - - - - - |
|---|---|
| Total Receipts | 24,182 11,807 - 35,989 37,324 |
| Payments Raising Funds 7 Charitable Activities 8 Investment Costs Other 9 Losses on Investments Purchase of Fixed Assets Loan Repayments |
- - - - - 10,831 26,136 - 36,967 30,654 - - - - - - - 10,831 26,136 - 36,967 30,654 - - - - 1,079 - - - - |
| Total Payments | 10,831 26,136 - 36,967 31,733 |
| Net Receipts / (payments) | 13,351 14,329 - - 978 - 5,592 |
| Transfer between funds Net Movement in Funds Funds brought forward Funds carried forward |
- - 13,351 14,329 - - 978 - 5,592 43,192 178,553 - 221,746 203,115 |
| 56,543 164,224 - 220,768 208,706 |
Drumlee Congregation of the Presbyterian Church in Ireland
Statement of Assets and Liabilities
As at 31 December 2024
| Note Funds Reconciliation Bank and Cash at start of the year Net Movement in Funds Bank and Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand Other Assets Fixed Assets 10 - Buildings - value insured - Fixtures, Fittings & Equipment - Vehicles Investments 11 Gift Aid receivable on donations Liabilities Loans No other known liabilities |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 43,192 178,553 - 221,746 216,154 13,351 14,329 - - 978 - 5,592 |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 43,192 178,553 - 221,746 216,154 13,351 14,329 - - 978 - 5,592 |
|---|---|---|
| 56,543 164,224 - |
220,768 221,746 |
|
| 70,500 70,500 150,252 151,244 16 2 |
||
| 220,768 221,746 |
||
| 1,449,127 1,320,936 4,528 4,528 - - - - |
||
| 1,453,655 1,325,464 |
||
| - - - - |
||
| - - |
Drumlee 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
| Donations and Legacies | |
|---|---|
| Recorded giving: Loose collections Donations and Gifts Gift Aid Legacies and Bequests |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 450 1,385 - 1,835 2,220 20,649 2,490 - 23,139 23,401 2,824 976 3,800 4,243 - - |
| 23,924 4,851 - 28,775 29,864 |
3 Charitable Activities
| Income from Charitable activities: Fees from weddings and funerals Fundraising events Membership Fees Grants |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 - - - 50 - 1,493 1,493 1,502 - 15 15 150 - 1,091 1,091 1,000 |
|---|---|
| - 2,599 - 2,599 2,702 |
4 Other Trading Activities
| Letting of premises Trading Income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 - 63 - 63 213 - 3,200 - 3,200 3,180 |
|---|---|
| - 3,263 - 3,263 3,393 |
Drumlee Congregation of the Presbyterian Church in Ireland
Notes to the Accounts (continued)
31 December 2024
5 Investment Income
| Deposit Interest General Investment Fund Wayleave Other investment income Other Income Insurance Claims Other Income Raising Funds FWO Envelopes Fundraising Events Charitable Activities General Assembly Assessments Presbytery Fees Ministry and Support Staff Costs Congregational running expenses Donations to Missions and Charities Governance Costs Other Expenditure Investment Properties expenses |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 259 92 - 350 380 - - - 187 187 171 - 815 815 815 |
|---|---|
| 259 1,094 - 1,353 1,366 |
|
| Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 - - - - - - - - - - |
|
| - - - - - |
|
| Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 - - - - - - - - - - |
|
| - - - - - |
|
| Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 1,226 - - 1,226 1,064 166 - 166 270 3,493 - 3,493 3,480 5,946 23,646 29,592 23,491 - 2,490 2,490 2,350 - - - - |
|
| 10,831 26,136 - 36,967 30,654 |
|
| Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 - - - - - |
|
| - - - - - |
6 Other Income
7 Raising Funds
8 Charitable Activities
- 9 Other Expenditure
10 Fixed Assets
The congregation owns the Church premises situated at 12 Drumlee Road, the church hall and the associated fixtures and fittings, plant and machinery. These have an insurance value of £1,320,936
| Fixed Asset Additions Other Investments |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 - - - - - - - - - |
|---|---|
| - - - - - |
Drumlee Congregation of the Presbyterian Church in Ireland
Notes to the Accounts (continued)
31 December 2024
11 Investments
The congregation has no investments.
| to the Accounts (continued) cember 2024 Investments The congregation has no investments. |
|
|---|---|
| General Investment Fund Property Other Investments |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 - - - - - - - - - - - - - - - |
| - - - - - |