an Ballycastle Congregation of the Presbyterian Church in Ireland Financial Statements Year Ended 31 December 2024 st
BALLYCASTLE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 NIC 105313 Note Unrestrlrted Restrlrted Funds Fund5 Endowment Funds Total 2024 Total 2023 ReIpts Donations and legacies Charitable activities Other trading activities Investment Income Other Income 57,157 1,300 16,176 2,177 1,588 24,427 81,584 1,300 19,196 3,316 1,588 87,748 216 15,772 2,997 2,373 3,020 1,138 Sub Total 78,398 28,585 106,983 109,106 Sale of Investments Sale of fixed assets Loans Received Total Receipts 78,398 28,585 106,983 109,106 Payments Raising funds Charitable activities Investment costs Other Expenditure 434 46,707 434 83,092 435 70,490 36,386 613 1,519 2,132 583 SubTotal 47,753 37,905 85,658 71,508 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 47,753 37,905 85,658 71,508 Net receipts / {paymentsl Transfers between funds 30,645 {35) 19,3201 35 21.325 37,598 Net movement in funds Funds brought forward 30,610 40,537 (9,285) 49,967 21,325 90.504 37,598 52,906 Funds carried forward 12 71,147 40,682 111,829 90,504 Page I
BALLYCASTLE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrostrltted Funds Restrlctéd Funds Endowment Fund5 Total 2023 Total 2024 Funds Reconciliation Bank and Cash at start of year Net movement in fund5 40.537 30,610 49,967 (9,2851 90,504 21,325 52,906 37,598 Bank and Cash at end of year 71,147 40,682 111,829 90,504 Bank & Cash Balances Bank Deposit Account5 Bank Current Accounts 22,895 88,934 37,800 52,704 111,829 90.504 Fixed Assets - Note 10 4,338,265 4,131,683 Other Assets Investments- Note 11 Gift Aid receivable on donations Craigmore 2024 Shared Expenses 102,185 10,700 2,807 98,143 10,000 115,692 108,143 Liabillties Congregatlonal Assessment QI deferred 1,353 1,353 Approved by the Kirk Session at a meeting on ij A Jifand signed on its behalf by NAME NAME Date Date Page 2
BALLYCASTLE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Y/E 31 Dember 2024 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected to prepare its accounts on a receipts and payments basi5, in accordance with the provisions in The Charities IAccounts and Reports) Regulations (Northern Ireland) 2015. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion,. the income derived from the endowment is to be used either as restricted or 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 (bl revenue donations or grants for a specific congregational activity intended by the donor. Where these fund5 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. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestricted Restrlcted Funds Funds Endowment Funds Total Z024 Total 2023 Recorded giving Loose collection5 Donations and gifts GiftAid Legacies and bequest 42,996 3,090 2,650 8,421 14,047 4,457 1,357 3,401 1,165 57,043 7,548 4,007 11,821 1.165 56,622 6,349 5,576 12,701 6,500 57,157 24,427 81,584 87,748 Page 3
BALLYCASTLE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS YIE 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Totsl 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 1,300 1,300 216 1,300 1,300 216 OTHER TRADING AcfiviTIES Unrestrlcted Funds Restrlcted Endowment Funds Funds Totsl 2023 Total 2024 Letting of premises Trading income 16,176 1,300 1,720 17,476 1,720 14,072 1,700 16,176 3,020 19,196 15,772 INVESTMENT INCOME Unrestricted Funds Restricted Endowment Fund5 Funds Total 2024 Total 2023 Deposit interest General Investment Fund Other investment income 425 141 682 315 566 682 2,067 393 538 2,066 1,752 2,177 1,138 3,316 2,997 Page 4
BALLYCASTLE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd} Y/E 31 December 2024 OTHER INCOME Unrestrlcted Funds Restrlcted Endowment Funds Funds Total 2023 Total 2024 Shared Ministerizl Expenses Miscellaneous income 1,588 1,588 2,176 197 1,588 1,588 2,373 RAISING FUNDS Unrestrirted Funds Restricted Endowment Funds Funds Total 2024 Totsl 2023 FWO envelopes 434 434 435 434 434 435 CHARITABLE AcrivrriES Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Premises Costs Congregational running expenses Repairs and Maintenance Donations to Missions and charities Governance costs 7,772 452 18,032 11,891 3,567 4,062 400 530 7,772 452 18,032 11,891 4,733 31,259 8,423 530 6,238 452 22,164 13,894 3,725 11,186 12,531 300 1,166 27,197 8,023 46,707 36,386 83,092 70,490 Page 5
BALLYCASTLE CONGREGATION OF THE PRE5BYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd} Y/E 31 December 2024 OTHER EXPENDITURE Unrestrlrted Restrlcted Endowrnen Funds Fund5 t Funds Totsl 2024 Totsl 2023 Croaghmore Shared Maintenance 2023 Adj Investment Property Expenses 1,519 1,519 613 613 583 613 1,519 2,132 583 io. FIXED ASSETS The congregation owns the Church premises situated at I Castle Street, Ballycastle BT54 6BH manse for the minister, a property for the Sexton and the associated fixtures, and equipment. These have an insurance value of: Church / Minor Hall Church Hall Manse Sexton's House 3,095,251 679,101 366,362 197,551 4,338,265 ii. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 Dfc NICIFC- Route Presbytery Dfc NICIFC- M McDowell PCI General Investment Fund -miss AK Megaw 62,511 59,532 11,138 10,771 28,537 27,840 102,185 98,143 Page 6
BALLYCASTLE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) YIE 31 December 2024 12. FUND BAiANCES Fund Balance at start Recelpts Payment Surplus / IDeficit) Balance at end Transfer Unrestrlcted Funds General Fund 40,537 78,398 47,753 30,645 (351 71,147 40,537 78,398 47,753 30,645 135) 71,147 Restricted Funds AK Megaw Bequestfor Mi55ion5 Property Fund United Appeal World Development Appeal Stand By Me Presbyterian Children's Society Tearfund Christian Aid Scripture Union Royal British Legion Graveyard Fund Presbyterian Women Bowling Club Youth & Children's Fund 682 14,384 5,119 832 1,490 817 792 25 766 285 2,035 1,357 682 111,046) 23 682 24,016 23 35,062 25,430 S,096 832 1,490 19 792 1,490 19 792 798 25 766 320 3,286 1,344 {35) (1,251) 13 (81 35 12,436 1,441 996 32 11,185 1,454 988 33 49,967 28,585 37,905 (9,320) 35 40,682 TOTAL CASH FUNDS 90,504 106,983 85,658 21,325 111,829 Page 7