Presbyter an TULLYALLEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS for the year ended 31 December 2024 Registered Charity in Northeru Ireland (N'IC 105149)
TULLYALLEN CONGREGATION OF THE PRESBYTERIA, CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Total 2023 Note ITnrestricted Funds Restricted Funds Endowment Funds Total 2024 Receipts Donations and legacies Charitable activities Investment Income Other 74,126.96 36,530.00 163,574.98 39,605.35 100,546.38 64,531.59 89,448.02 3,075.3) 21,161.60 57,381.33 19,720.13 36,219.73 128 743.10 131,818.56 260 561.66 184 798.10 Total Receipts Payments Charitable activities Loan repayments 110,897.80 310,497.84 421,395.64 111,838.46 421395,64 111838.46 Total Payments 110 897.80 310 497.84 72,959.64 Net receipts l (payments) Transfers between funds Net movement in funds 17,845,30 5 000.00 12,845.30 (178,679.28) 222 283.00 43,603.72 (160,833.98) 217 283.00 56,449.02 72,959.64 118,222.28 Funds brought forward 35,977.83 155,204.09 191,181.92 48 823.13 198.807.81 247.630.94 191181.92 Funds carried forward
TULLYALLEN CONGREGATION OF THE PRESBYTERLIN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES for the year ended 31 December 2024 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Funds Reconciliation Bank and cash at start ot.year Net movement in funds 35,977.83 12,845.30 155,204.09 43,603,72 191,181.92 56.449.02 118,222.28 72,959.64 198 807.81 247 630.94 191181.92 Bank and cash at end of year 48 823.13 BAnk & Cash Balances Bank current accounts 247 630.94 191181.92 Other Assets Premises at insurance value: Manse Sexton's house Church preinises and contents 474,490.00 146,962.00 2 401284.00 3 022 736.00 474,490.00 146,962.00 2 401284.00 3.022 736.00 Investment in Presbyterian Mutual Society (balance has been written down to nil) Liabilities Bank loan 217 283.00 Approved by the Kirk Session on l 8 March 2025 and signed on their behalf by: JJ Jo Rev. N Reid
TULLYALLEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2024 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATETrqENTS 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 ieceipts and payments basis. FUND ACCOUNTING Endowment funds are funds, the capital of which Inust be retained either permanently or at the congregation's discretion. the income derived from the endowment is to be used either as restricted OT 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 investsnent 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. Total 2023 2. DOIYATIONS AND LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Freewill and loose offerings Donations and gifts Gift Aid 75,738.40 445.07 13,264.55 89.448.02 62,166.56 6,080.00 5,880.40 74 126.96 137.904.96 6,525.07 19,144.95 163 574.98 86,582.69 1,273.30 12,690,39 100 546.38 3. CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals 3,075.35 34,530.00 2,000.00 36,530.00 37,605.35 2,000.00 39,605.35 57.896.59 6,635.00 64.531.59 3,075.35 TotAI 2023 4. INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Deposit interest Total 2023 5. OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 36,219.73 21.161.60 57 381.33 19720.13 Other income 6. CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 6.182.50 815.00 35,517.02 29,456.36 29,981.16 9,886.42 111838,46 General Assembly Assessments Presbytery fees Ministry and support staff costs Premises costs Congregational running expenses Donations to Missions and Charities 8,752.63 884.00 38.460.26 39,084.31 16.884.60 6,832.00 110 897.80 8.752.63 884.00 38,460.26 327,403.03 27,471.22 18,424.50 421395.64 288,318.72 10.586.62 11,592.50 310 497.84 The above premises costs include expenditure on the building of a new manse on the existing site. This work is to be cornplcted in the year ended 31 December 2025.
TULLYALLEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) for the year ended 31 December 2024 7. FUND BALANCES Balance at start Surplus (Deficit) Balance at end Receipts Payments Transfer Unrestricted Funds General 35,977.83 128,743.10 110,897.80 17,845.30 (5,000.00) 48.823.13 35,977.83 128,743,10 110,897.80 17.845.30 5,000.00 48,823.13 Restricted Funds General Sunday School Property maintenance Church new build (Ulster Bank) Church new build (Danske Bank) 6,927.75 2,396.60 7,148.00 1,327.74 (220.25) 1,068.86 (220.25) 3.340.56 861.72 108.23 194,717.55 2,271.70 861.72 108.23 151,962.44 122,494.21 302,022.10 (179,527.89) 222.283.00 155,204.09 131,818.56 310,497.84 178,679.28 222,283.00 198 807.81 Total 191181.92 260 561.66 421395.64 160 833.98 217 283.00 247 630.94 LOAN ACCOUNT Balance at start Surplus (Deficit) Balance at end Receipts Payments Transfer Danske loan account 217 283.00 217 283.00