LISNABREEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Recelpts Donations and legacies Charitable activities Other trading activities Investment Income Other 61.375 100 530 561 17 28,139 1,589 89,513 1,689 530 834 4421 235 38 Total Receipts 62,584 34,366 38 96,987 Payments Raising funds Charitable attivities Loan repayment 274 69.615 274 101,912 5,244 32,297 5,244 Total Payments 69,889 37.541 107,430 Net receipts / (payments) Transfers between funds (7,305) 300 (3,175) (180) 38 (120) (10,442) Net movement in funds Funds brought forward (7005) 40926 (3,355) 31,719 (82) (10,442) 3,830 76,475 Funds carried forward 33.921 28..464 3.748 66,033 10
LISNABREEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND UABIUTIES As at 31 December 2024 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2024 Funds Reconclllation Bank and Cash at start of year Net movement in funds 40,926 (7,IX15) 31,719 (3,355) 3,830 76,475 (82) (10,422) Bank and Cash at end of year 33,921 28,364 3,748 66,033 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 65,951 82 66,033 Other Assets Fixed Assets- Note 8 Gift Aid receivable on donations 12,471 12,471 Loans 8,445 Approved by the Kirk Session at a meetlng on 6th ortober 2025 and signed on Its behalf by Rev Sam Castles Minister David Corbett Clerk of Session 11
LISNABREEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POUCIES BASIS OF FINANCIAL sfATEMENrs As the total income of the congregation is less than £250,IJ)O the congregation have elected in accordance with thc provisions in The Charities (Accounrs 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 erther permanently or at the congregation's discretion. the income derived from the endowment is to be used either as stricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restritted funds comprise (a) income from endowments which is to be expended only on the restritted 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 balan basis. Unrestrirted 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 Unrestrfcted Restricted Endowment Funds Funds Funds Total 2024 Recorded giving". Loose collections Donations and gifts Gift Aid Legacies and bequest 56, 402 1.756 1,955 1,262 12,164 78,566 1,756 17,470 1,262 460 15.515 61,375 28,139 89,513 12
LISNABREEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 Dernber 2024 CHARITABLE ACTivrriES Unrestricted Fund5 Restricted Endowment Funds Funds Total 2024 Income from charitable artivities Fees from weddings and funerals Fundraising events Membership fees Grants 100 100 1,589 1,589 1,589 1,689 4. OTHER TRADING AcfiviTIES Unrestrirted Funds Restrlcted Endowment Funds Funds Total 2024 Letting of premises Trading income 530 530 5. INVESTMENT INCOME Unrestrirted Funds Restricted Endowment Fund5 Funds Total 2024 Deposit interest 561 235 38 834 561 235 38 834 6. OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Totsl 2024 Other Income 17 4,421 17 4,421 13
USNABREEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2024 7. RAISING FUNDS Unrestrirted Restricted Endowment Fund5 Funds Funds Total 2024 FWO envelopes Fundraising events 274 274 274 274 8. CHARITABLE AcfiviTIES Unrestricted Restrlrted Endowment Funds Funds Fund5 Totsi 2024 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 11,068 1.203 35,534 19,050 2,760 11,068 1.203 48,003 35,731 5,907 12.469 16,681 3.147 69,615 32.297 101,912 9. OTHER EXPENDITURE Unrestrirted Funds Restricted Endowment Funds Funds Total 2024 Loan repayments 5,244 5,244 17 5.244 5,244 10. FIXED ASSErs The congregation owns the Church premises situated at l Lisnabreen Walk, Bangor BT19 4x1 and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1.698,474. The congregation also owns its manse at 4 Ardvana8h Avenue. Conlig which has an insurance value of £447,629 14
.LISNABREEN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2024 11. FUND BALANCES Fund Balance Receipts Payment Surplus / Transfer at stsrt (Deficit) Balance at end Unrestrlrted Funds General Fund 40,926 62.584 69,888 {7,305) 300 33,921 40,926 62,584 69,888 (7,305) 300 33,921 Restricted Funds Building Account United Appeal Sunday School Source (Highway Club) Doorstep Ministry Youth council Business Reserve Presbyterian Women Community Worker Breenies Loan (934) 12,805 3.950 12.142 2,747 118 1.338 385 1.554 664 1,203 (115) 313 (265) (270) 1,203 179 519 1,367 1,133 1,956 215 13,356 239 13689 120 1,651 120 1,598 28 686 12,468 1.057 832 1.101 878 1985 239 13,355 412 8,445 (300} 28 25 (i) 173 (5,244) 661 12,469 5244 31.719 34.366 37.541 13175) (180) 28,364 Endowment Funds Lottie Thompson 3.830 38 38 (120) 3748 Total 76.475 96.987 107.429 (10.442) 66,033 15