## **GROOMSPORT PRESBYTERIAN CHURCH**
**ANNUAL ACCOUNTS**
**2024**
## **STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31 DECEMBER, 2024**
|**Unrestricted**
**Funds**
**£**
**Income**
Charitable activities
95,559
Donations
34,002
Income from property
9,603
Investment income
Investment Capital Growth
Other income
599
**Total income**
**139,763**
**Expenditure**
Charitable Activities
11,881
Grants & Donations
143,223
**Total Expenditure**
**155,104**
**Net Surplus (Deficit)**
**-15,341**
**Reconciliation of Funds**
Total Funds Brought Forward
120,012
Movement of Funds
-15,341
**Total Funds Carried Forward**
**104,671**|**Restricted**
**Funds**
**£**
37,732
19,200
8,784
5,422
**71,138**
404,833
44,037
**448,870**
**-377,732**
678,768
-377,732
**301,036**|**Total Total**
**2024**
**2023**
**£**
**£**
133,291
147,057
53,202
8,539
9,603
10,580
8,784
13,688
5,422
-17,766
599
1,399
**210,901**
**163,497**
416,714
420,352
187,260
66,933
**603,974**
**487,285**
**-393,073**
**-323,788**
798,780 1,122,568
-393,073
-323,788
**405,707**
**798,780**|
|---|---|---|
## **STATEMENT OF FINANCIAL ASSETS AND LIABILITIES AS AT 31 DECEMBER, 2024**
|**Current Financial Assets**
McCaw Trust:
DanskeBank
Investec
Total McCaw Fund Assets
General Funds:
Danske Bank
Cash
Total General Funds
**Total financial assets**|30,035
215,263
160,193
216|**2024**
245,298
160,409
**405,707**|**2023**
425,377
373,403
0
_______
**798,780**|**2023**|
|---|---|---|---|---|
|**Reserves**
General Fund
Property Fund
Hall Development Fund
Mission Fund
Flower Fund
Benevolent Fund
Outreach Fund
McCaw Trust
**Total Reserves**|**2024**
104,671
20,340
-2,921
29,155
1,441
1,899
5,824
245,298
**405,707**|**2023**
120,012
20,613
211,392
18,068
1,441
1,877
0
425,377|**2023**|
|---|---|---|---|
|||**798,780**||
## **Note**
Although at the end of the year there were no known current financial liabilities, it should be noted that the final contractor payment in respect of the hall development will be payable in May, 2025.