DRUMLOUGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Financial Statements for the year ended 31 December 2024 Reg15tered Charlty In Northern Ireland (NIC105187)
DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANaAL ACTIVITY (Recelpts and Payments Attount) for the year ended 31 December 2024 Note Unrestrlrted Funds Restrfcted Funds Endowment Funds Totsl 2024 Total 2023 ReIpts Direct Giinng Other Income Investment Income 52,047.28 1.471.48 358.04 89,284,09 12,114.78 141,331,37 105,609.16 13,586.26 7,797.04 358,04 574.94 sUtOtal Recelpts Iquallfylng for tharltles Regs. Income tlweshold} 53,876.80 101,398.87 155,275.67 113,981.14 Sale of Investments Sale of flxed assets Loans Recelved 32,100.00 63.000.00 32,100.00 63,000.00 li 28,0(K).00 Total R¢(elpt$ 53,876.80 196,498.87 250,375.67 141,981.14 Payments Charltable actlvltles,, Mission of the Congregotlon Donotion5 to M15$1on5 & Charltle5 Property & Equipment Income Generatlon & Governance 5 144,510.581 12,872.211 147,382.791 142,511.451 6 (1,450.001 18,383.561 19,833.561 19,794.261 16,878.091 (225,382.181 (232,260.271 (201,181.271 1930.141 1948,001 11,878.141 11,639.23) Purchase of Investments Purchase of flxed assets Loan Repayments li 114,000,001 {14,000.001 Total Payments 153,768.811 {251,585,951 {305.354.76) (255,126.21) Net receipts / Ipaymentsl Transfers between funds 107.99 155,087.081 10,287.93 110,562.931 {54,979.091 (113,145.07) 10,562.93 9,244.08 {10,562.931 19.244.08) in 275.00 out Net movement In funds Funds brought forward 382.99 21,966.96 155,362.081 127.067.23 (54,979.091 1113.145.07) 187,834.19 300,979.26 38,800.00 Funds carried forward 22.349.95 71.705.15 38,800.00 132,855.10 187,834.19 io
DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILrriES As at 31 December 2024 Unrestrfcted Funds Restrfcted Funds Endowment Funds Total Funds 2024 Totsl Funds 2023 Funds Reconciliati( Bankand Cash at start of year 21,966.96 127,067.23 38,800.00 187,834.19 300,979.26 Net movement in funds 382,99 (55,362.08) 154,979.09) {113,145.071 Bank and Cash at end of year 22.349.95 71.705.15 38,800.00 132.855.10 187,834.19 Bank & Cash Balances Bank Deposlt Accounts Ba nk Current Accounts Cash In Hand 38,800.00 94,053.88 1.22 38,800.00 149,031.48 2.71 132.855.10 187,834.19 Other A55ets Flxed Assets - Church Premlses Note 9 1,291,300.00 806.80 529,000.00 1,008.50 279.86 Flxtures, Flttings & Equipment Investments - Note 10 Gift Aid receivable on donotlons 293.10 17,167.11 15,388.01 1,309,567.01 545.676.37 Uabilities Loans- Note 11 Other 77,000.00 77,000.00 28,000.00 77,000.00 28,000.00 Approved bythe Kirk Session at a meeting on 3 0 ~ 1 _ 10 signed on its behalf by [Name] [Name] [Datel 3 0 zoz EDate] I I I li
DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLiaES BASIS OF FINANCIAL STATEMENTS As the total income. of the congregation is less than £250,000 the congregatlon 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 payment5 basis. The total income for the purposes of falllng wlthln thls £250,000 threshold does not Include Loans or proceed5 from the sale of fixed assets, and to make this clearer for the reader a presentational change to the Statement of FinanclGI Activity has been made showin8', Sub-totol Receipts (quolifying for Charities Regs. Income threshold). Thls presentatlonal change has been dlscussed and agreed wlth Presbytery. FUND ACCOUNTING Endowment funds are funds. the capltal of whlch must be retalned elther permanently or at the congregatlon's dlscretlon; the Income derlved from the endowment is to be used either as restricted or unrestrlcted Income funds depending upon the purpose for which the endowment was established in the flrst place. Restrlcted funds comprlse {al Income from endowments whlch Is to be expended only on the restrlcted purposes intended by the donor and {b} revenue donatlons or gra nts for a speclf ic congregational activSty intended by the donor, Where these funds have unspent balances, interest on their pooled investment Is apportloned to the Indlvldua I funds on an average balance basls. Unrestrlcted funds are Income funds whlch are to be spent on the congregation's general purposes. Deslgnated funds are general funds set aslde by the congregatlon for use In the future. 2. DIRECT GIVING Unrestrlcted Funds Restrlcted Funds Endowment Funds Total 2024 Total 2023 Regular giving Gifts, Bequests & Donations 50,716.40 1,330.88 77,918.50 11,365.59 128,634.90 100,432.63 12,696.47 5,176.53 52,047.28 89,284.09 141,331.37 105,609.16 12
an DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 310ecember 2024 3. OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Congregational A¢(Ivltles Other Sources 387.50 6,491.00 5,623.78 6,878.50 6,707.76 3,804.50 3,992.54 1,083.98 1,471.48 12,114.78 13,586.26 7,797.04 4. INVESTMENT INCOME Unrestrltted Funds Restrlcted Funds Endowment Funds Total 2024 Total 2023 Deposit interest General Investment Fund Dlvidend 351,11 351.11 569.48 6.93 6.93 5.46 358.04 358.04 574.94 5. MISSION OF THE CONGREGATION (Charltable Acltlvltles) Unrestrfcted Funds Restrlcted Funds Endowment Funds Total 2024 Totsl 2023 Central Assessments Mlnlsterfs Stlpend & Expenses Other Mln15try Staff Costs Support Staff Costs Congregational Actlvities Other Local Cost5 4,989.00 31,153.55 2,179.40 2,250.60 2,234.89 1,703.14 4,989.00 31,153.55 2,179.40 2,250.60 4,764.14 2,046.10 4,260.07 29,930.09 2,351.00 2,178.00 2,861.11 931.18 2,529.25 342.96 44,510.58 2,872.21 47,382.79 42,511.45 13
DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 6. DONATIONS TO MISSIONS & CHARITIES (Charltsble Acltlvltles) Unrestricted Funds Restrlcted Funds Endowment Funds Totsl 2024 Total 2023 Unlted Appeal Other PCI Schemes 5,185.00 1,671.18 1,527.38 5,185.00 2,271.18 2,377.38 4,831.00 1,978.66 2,984.60 600.00 Other Missions & Charities 850.00 1,450.00 8,383.56 9,833.56 9,794.26 7. PROPERTY & EQUIPMENT Unrestrlcted Funds Restrlcted Funds Endowment Funds Total 2024 Total 2023 Utllltles & Equipment Repalrs & Malntenance Insurances 6,861.29 6,861.29 221,569,53 3,829.45 6,823.15 190,514.61 3,843.51 221,569.53 3,812.65 16.80 6,878,09 225,382.18 232,260.27 201,181.27 8. INCOME GENERATION & GOVERNANCE Unrestrlrted Funds Restrlcted Funds Endowment Funds Total 2024 Total 2023 Income Generation 642.14 642.14 665.63 Governance 288.00 948.00 1,236,00 973.60 930.14 948.00 1,878.14 1,639.23 14
DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 FIXED ASSETS The congregation owns the Church premises situated at Raffertys Hill, Hillsborough, Co Down, BT26 6QB and the associated fixtures, fitting5, and equipment. The Church Premlses comprlse: a) church building and surroundlng graveyard b) former church hall and car park on opposlte slde of the road c} New church hall a nnexe (completed 2024) d) Manse property adjacent to graveyard The value stated on the Statement of A55ets & Llabilitle5 under Fixed A55ets - Church Premlses only ref lects a combined amount: f or the la nd I n Ibl professlonal va luation (revlsed Sep. 2019) & land & buildln8 In Ic) cost price (Inltiolly only site c05t, amended 2024 to include final build cost) , plus a depreclated a mount for {d} professlonal valuation. The buildin85 in lal & Ibl were constructed in the 19th century and have been Included at a zero bookvalue. Durlng 2024 the value of Ibl was reduced when a deposlt for the sale of thls slte was recelved from a developer. The comblned sum Insured for all of the above {Includlng contents) 15 £3,042,669.72 as at last renewal date, 31st October 2024. The value stated on the Statement of Assets & Liabilities under Fixed A55et5 - Flxtures, Flttlnqs & Equlpment reflects a comblned, depreciated amount for flxed assets less than 10 years old. io. INVESTMENTS The congregation has the following Investments. Amounts are shown at market valuatlon as at 3111212024. 2024 2023 General Investment Fund (James Hanna Bequest) 293.10 279.86 293.10 279.86 11. INTEREST-FREE LOANS RECEIVED FROM MEMBERS FOR NEW HALL FUND AD additional £63,000 interest-free loan was received from a member during 2024, specifically to complete the surfacing of the new hall car park Also, an initial 50% repayment was made to each of the lenders of the total £28,000 received In interest-free loa ns f rom congregational members during 2023. It should be noted that although this £28,000 was shown as being received in 2023 Statement of Finonciol Activity, it was accidentally omitted from the Liabilities section, within the 2023 Stotement of Assets & Liabilitles, but has subsequently been stated In the 2023 comparator column of this year's Statement of Assets & Liabilities. 15
DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd 31 December 2024 12. FUND BALANCES Fund Balance at stsrt Net Transfers In /(Out) Recelpts Payment Surplus I {Deflcit) Balance at end unStcted Funds General Fund 21,966.96 53,876.80 {53,768.81) 107.99 275.00 22,349.95 21,966.96 53,876.80 153,768.81) 107.99 275.00 22,349.95 Restrlrted Fun(ts Bullding & Repalr New Hall li Unlted Appeal World Development Appeal TEAR Fund Children's Dav Retiring Offerings Harvest Mldweek Fellowship Sunday School/CLICK Cholr Graveyard Youth Fellowship Bowling aub CE. ljunlorl Table Tennis aub V.l.P. Club 38,199.42 8,820.93 113,110.091 14,289.16} 13,500.001 30,410.26 75,302.35 172,153.87 {228,021.051 155,867.181 9,462.83 28,898.00 888.25 5,446.00 15,185.001 261.00 1,149.25 964.48 1964.481 55.53 600.00 550.75 2,251.00 196.00 165.75 1.08 2,700.00 1280.631 1225.101 600.00 225.10 {600.001 1550.751 2,251,00 12,251.001 1196.001 11,239.081 11,073.331 1.08 2,528.00 1101.251 385.00 991.24 1,002.42 7,177.26 220.27 303.66 211.93 163.45 1,112.69 1,494.29 600.00 517.91 1,003.50 6,205.26 119.02 563.66 1172.001 1101.251 190.001 13,500.001 475.00 {125.001 {211.931 {125.001 {150.001 {ioo.001 265.00 557.18 1,296.30 {30.001 1280.921 11,364.701 235.00 276.26 168.401 273.45 1,238.95 1,325.89 127,067.23 196,498.87 (251,585.951 155,087.081 {275.001 71,705.15 16
DRUMLOUGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2024 Endowment Fund5 Henry McAdam Bequest Jane Hamilton Bequest David Gibson Samuel Carruth Wllllam Young Memorial Annie Gourley Mary Heslip John A Jess George Wllklnson IOD.(M) 200.00 I,OOD.00 500.00 500.00 500.00 1,000.00 30,000.00 5,000.00 loo.00 200.00 1,000.00 500.00 500.00 500.00 1,000.00 30,000.00 5,000.00 38,800.00 38,800.00 Total 187,834.19 250,375.67 (305,354.761 154,979.091 0.00 132,855.10 17