an
FIRST DONAGHADEE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL AcfiviTY
for the year ended 31 December 2024
Note
Unrestrlcted Restrlcted
Funds
Funds
Total
2024
Total
2023
Recelpts
Donations and legacies
Charitable activities
Other tradlng activitles
Investment Income
Other
54,088
1,996
15,880
16,473
19,903
73,991
1,996
22,305
17,184
378,141
2,595
22,305
13,788
6,890
711
Total Recelpt5
88,437
27,504
115,941
416,829
Payments
Ralslng funds
Charitable activities
540
78,046
540
115,958
399
118,369
37,913
Investment costs
300,000
Total payments
78,586
37,913
116,498
418,768
Net recelpts
Transfers between funds
9,852
-1,611
-10,409
-1,611
-557
-1.939
Surplus for the year
8,241
-8,798
-557
-1,939
Funds brought forward
51,520
66,041
103,997
105,936
Funds carried forward
59,761
43,679
103,440
103,997

an
FIRST DONAGHADEE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTESTO THE ACCOUNTS
Year ended 31 December 2024
Note
Unrestrlcted
Fund
Restrlcted Total Funds Total Funds
Funds
2024
2023
Funds Reconclllatlon
Cash at bank and In hand 31.12.23
Surplus / (deflclt) for the year
Cash at bank and In hand 31.12.24
51,520
8,241
52,477
-8,798
103,997
-557
105,936
-1,939
59,761
43,679
103,440
103,997
Bank & Cash Balances
Bank Current Accounts
103,440
103,997
Other Assets
Investments at cost
419,556
419,556
The congregation owns the Church premises situated at 20 High Street, Donaghadee and the manse at S Meetlng
House Polnt, Dona8hadee and the a550ciated fixtures, fittings, plant and machinery. These have an insurance
value of £3,456,605. The valuation of investments at 31 December 2024 was £412,050
Approved by the Kirk Session at a meeting on 18" March 2025 and signed on its behalf by:
Stephen Donaldson
Trustee
Ivan Currie
Trustee
10

an
FIRST DONAGHADEE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
Year ended 31 December 2024
ACCOUNTING POLICIES
The financial statements have been prepared in accordance with applicable accounting standards,
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland} 2008, Charities Act
(Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and
UK Generally Accepted Accountin8 Practice.
The financial statements have been prepared on a goin8 concern basls as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level of
Income and expenditure for 12 months from authorising these financial statements. The budgeted income
and expenditure is sufficient with the level of resources for the charity to be able to continue as a going
concern.
The charity has applied Update Bulletin l as published on 2 February 2016 and does not include a cash
flow statement on the grounds that It is applying FRS 102 Section IA.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or at the
congre8ation's discretlon; the income derived from the endowment is to be used either as restricted or
unrestricted Income funds depending upon the purpose for whlch the endowment was established In
the flrst 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.
De5i8nated funds are general funds set aside by the congregation for use in the future.
INCOME
Plate Collections and weekly envelopes are accounted for on a cash receipts basis as the amount is
collected.
11

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FIRST DONAGHADEE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
Year ended 31 December 2024
Legacies are included within income under either unrestricted or restricted funds according to the terms
under which the donation is made. For legacies, entitlement is the earlier of the charity being notified of
an Impending distribution orthe legacy being received
Income from trading activities includes income earned from fundraising events and trading activities to raise
funds for the charity. Income is received in exchange for supplying goods and servlces In order to raise
funds and is recognised when entitlement ha5 occurred.
Investment income is earned through holdin8 assets for investment purposes such as shares, unit trusts
and property. It includes dividends, interest and rent. Where it is not practicable to identify investment
management costs incurred within a scheme with reasonable accuracy the investment income is
reported net of these costs. Interest and dividendstogetherwith any reclaimable taxcredits are incSuded
Intheaccountsas received. Rent is included in the accounts when it is receivable.
EXPENDITURE
All expenditure is accounted for on an accruals ba515 and ha5 been classified under headings that aggregate all
costs related to the category. Expenditure is recognised once there is a legal or constructive obligation
to make a payment to a third party, it is probable that settlement will be required and the amount of the
obligatlon can be measured reliably.
HERrrAGE ASSETS
The congregation owns the Church premises situated at 20 High Street, Donaghadee. This building is
deemed to be a heritage asset a5 defined by the Charities SORP 2019 (FRS 102).
The heritage asset is not included on the balance sheet as information on the cost or valuation 15 not
available and such information cannot be obtained at a c05t commensurate with the benefit to the users
of the accounts and to the Church,
DONATIONS AND LEGACIES
Unrestrlcted
Funds
Restrlcted
Funds
Total
2024
Total
2023
Recorded giving:
Donations and gifts
47,884
18,623
65,507
367,275
Gift Aid
6,204
1,280
7,484
10,886
54,088
19,903
73,991
378,141
12

an
FIRST DONAGHADEE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
Year ended 31 December 2024
CHARITABLE AcfiviTIES
Unrestrlcted
Funds
Restrlrted
Funds
Total
2024
Total
2023
Fundraising events
1,996
1,996
2,595
OTHER TRADING AcfiviTIES
Unrestrlcted Restrlcted
Funds
Funds
Total
2024
Total
2023
Lettlng of premlses
15,880
6,890
22,770
22,305
INVESTMENT INCOME
Unrestrlrted Restrlcted
Funds
Funds
Total
2024
Total
2023
Deposlt Interest
Other investment income
147
16,326
711
858
16,326
1.296
12,492
16,473
711
17,184
13,788
RAISING FUNDS
Unrestrlcted
Fund5
Restrlcted
Funds
Total
2024
Total
2023
FWO envelopes
540
540
399
13

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FIRST DONAGHADEE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {cont'd)
Year ended 31 December 2024
CHARITABLE AcfiviTIES
Unrestrlcted
Funds
Restrlrted
Funds
Total
2024
Total
2023
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donations to Missions and charities
Investment
41,048
521
15,105
21,371
41,048
521
15,105
49,729
9,555
37,954
497
14,784
55,385
10,148
300,000
28,358
9,555
78,045
37,913
115,958
418,768
14