ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (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 Loans Other 126,990 104,855 2,471 231,845 2,471 6,389 62 207,634 1,489 4,607 20 6,389 62 Total Receipts 133,379 107,388 240,767 213,750 Payments Raising funds Charitable activities Other Expenditure 489 135,084 489 234,426 570 159,263 21,778 99,342 10 Total Payments 135,573 99,342 234,915 181,611 Net receipts / Ipaymentsl Transfer5 between funds 12,1941 {6,139} 8,046 6,139 5,852 32,139 Net movement in funds Funds brought forward 18,333) 89,777 14,185 117,335) 5,852 72,618 32,139 40,479 176 Funds carried forward 12 81,444 13,150) 176 78,470 72,618 17
ST ANDREW'S BANGOR 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 89,777 {8,3331 (17,3351 14,185 176 72,618 5,852 40,479 32,139 Bank and Cash at end of year 81,444 (3,182) 176 78,470 72,618 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 76,397 2,073 71,327 1,291 78,470 72,618 Other Assets Fixed Assets - Note 11 Church Premises Gift Aid receivable on donations 7,695 7,733 7,695 7,733 Liabil ities Creditors Loans 135,000 202,000 Approved by the Kirk Session at a meeting on 21 May 2025 and signed on its behalf by JJI Rev Mark Johnsto Mr David Hooks 18
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYTERIAN 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 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 {al 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. 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 4,150 108,445 14,395 4,150 203,295 24,400 4,238 173,251 30,145 94,850 10,005 126,990 104,855 231,845 207,634 19
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Income from charitable activities Fundraising events Membership fees Grants 1,569 902 1,569 902 1,489 2,471 2,471 1,489 4. OTHER TRADING AcfiviTIES Unrestricted Fund5 Restricted Funds Endowment Funds Total 2024 Total 2023 Letting of premises Trading income 6,389 6,389 4,607 6,389 6,389 4,607 INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Deposit interest Other investment income 62 62 20 62 62 20 LOANS RECEIVED Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Interest free loans Bank Loans 20
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Insurance claims Other income RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 FWO envelopes Fundraising events 489 489 570 489 489 570 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Loans repaid 18,338 829 42,648 73,269 18,338 829 42,648 82,802 22,809 15,938 775 40,707 61,846 22,841 9,533 22,809 67,000 67,000 17,156 135,084 99,342 234,426 159,263 21
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 10. OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Building costs 21,778 21,778 11 FIXED ASSETS The congregation owns the Church premises {including halls) situated at 111 Clandeboye Road, Bangor and the associated fixtures, fittings, plant and machinery. These have an insurance value of £4,072,650 The congregation also own5 a Manse at 27 Beechfield Avenue, Bangor valued at £454,432. 22
ST ANDREW'S BANGOR CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Deficit) Balance at end Unrestricted Funds General Fund 89,777 133,379 135,573 {2,194) 16,139) 81,444 89,777 133,379 135,573 12,1941 (6,1391 81,444 Restricted Funds Development Fund United Appeal Religious and Charitable Sundry Funds Boy's Brigade Tots & Co Bowling Club Presbyterian Women Youth Fellowship Early Birds Sunshine Hour Knit 'n" Natter Loan5 Spark Ignite Furniture Account 1240,0191 52,743 12,208 11,734 24,126 32 1,337 911 813 52,743 2,698 {8381 20,392 32 1,374 (371 417 494 740 73 72 {72) 232 {76) 248 283 1,661 326 67,000 (67,0001 281 {1961 15591 1187,835) (2,698) 2,698 9,510 12,572 3,734 11,671 11,044 1,887 796 602 167 78 50 156 290 202,000 554 11 16,6221 13,531 31,436 1,919 259 796 240 156 24 439 516 135,000 358 11 {500} {300) 150 50 156 531 1,987 1100) 85 725 1,501 17761 7,398 (17,3351 107,388 99,342 8,046 6139 13,1501 Endowment Funds Cooper Bequest 176 176 176 176 Total 72,618 240,767 234,915 5,852 78,470 23