DOWNPATRICK 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 Endowment Funds Funds Total 2024 Total 2023 Receipt5 Donations and legacies Charitable activities Other trading activities Investment Income Other 76336 89489 165825 130749 Sale of Investments Sale of fixed assets Loans Received Total Receipts 76336 89489 165825 130749 Payments Raising funds Charitable activities Investment costs Other 361 72137 361 90120 361 86080 17983 Purchase of Investments Purchase of fixed asset5 Loan Repayments Total Payments 72498 17983 90481 86441 Net receipts / (payments) 44308 Transfers between funds Net movement in funds Funds brought forward Funds carried forward 12 91627
DOWNPATRICK 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 40615 51013 91628 91337 4200 20703 24903 {287) Bank and Cash at end of year 116531 91627 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 116531 91337 116531 91337 Other Assets Fixed Assets - Note 10 Church Premises PFixtures, Flttings &Equipment Vehicles 3,331,289 Investments- Note 11 Gift Aid receivable on donations 3,331,289 Liabllltles Loans Other Approved by the Kirk Session at a meeting on iJ¥/c¥125 ] and signed on its behalf by [Namel 61•-L IDatel a5 If /2i [Date]
DOWNPATRICK 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 it5 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 la) 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 fund5 which are to be spent on the congre8ation'5 general purposes. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestrlct ed Funds Restrlrted Endowment Funds Funds Total 2024 Total 2023 Recorded giving: Loose collections Donation5 and gifts Gift Aid Le8acies and bequest 56440 1988 8496 9412 24192 80632 1988 68938 13267 1000 64127 6308 47353 12961 60442 3855 1000 76336 89489 165825 130749
DOWNPATRICK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Fund5 Restrirted Endowment Funds Fund5 Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 4. OTHER TRADING ACTIVITIES Unrestrlcted Funds Restrlcted Endowment Funds Fund5 Total 2024 Total 2023 Letting of premises Tradin8 income INVESTMENT INCOME Unrestrlrted Funds Restrlcted Endowment Funds Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment properties Other investment income
DOWNPATRICK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 OTHER INCOME Unrestricted Fund5 Restricted Endowment Funds Funds Total 2024 Total 2023 Insurance claims Other income RAISING FUNDS Unrestrirted Funds Restrlrted Endowment Funds Funds Total 2024 Total 2023 FWO envelopes Fundraising events 361 361 361 361 CHARITABLE AcfiviTIES Unrestrlcted Funds Restrlcted 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 Governance costs 46995 586 3522 21034 46995 586 3522 31450 7567 44232 573 4776 30669 5830 10416 7567 72137 17983 90120 86080
DOWNPATRICK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Investment properties expenses 10. FIXED ASSETS The congregation owns the Church premises situated at Fountain Street Downpatrick 8T30 6AW, 18 Strangford Road Downpatrick 8T30 6LS, and the associated fixtures These have an insurance value of £ 3,331,289 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 General Investment Fund Property Other investments
DOWNPATRICK 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 Balance at end (Deficit Unrestrirted Funds Nol General Running Account [Name of Fund] 40615 76336 72136 4200 44815 40615 76336 72136 4200 44815 Restrlcted Funds No 5 Property pw Fountain Foodbank Mission and Outreach Fountain Friends Graveyard Sunday School Mission and Charities 14537 615 16069 17244 328 2071 149 25777 770 43588 8637 1196 1400 554 7567 10416 15361 833 1631 34087 9501 10925 (22881 1028 168 3420 12020) 510 44 7567 29898 552 25570 14956 496 51 193 91628 165825 140922 20703 116531 Endowment Funds [Name of Fund] [Name of Fund] [Name of Fundl IName of Fundl IName of Fundl Total 91337 137989 137699 290 91627