GLENARM CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Paments Account) for the year ended 31st December 2024 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 cei Donations and legacies Charitable activities Other trading activities Investment Income Other 19,034 4,239 23,273 42,705 17 1,123 20,173 21 1.461 24,756 17 1,775 44,496 339 4,582 Sale of investments Sale of fixed assets Loans received Total Recei 20,173 4,582 24,756 44,496 Pa ments Raisin8 funds Charitable activities I nvestment costs Other 153 21,411 153 23,588 153 31,306 2,177 21,564 2,177 23,742 31,459 Purchase of investments Purchase of fixed assets Loan repayments Total Pa 21,564 2,177 23,742 31,459 Net receipts1 Ipaymentsl Transfer between funds 11,3911 2,405 1,014 13,037 Net movement in funds Funds brought forward 11,3911 50,112 2,405 45,397 1,014 95.509 13,037 82,471 Funds carried forward 12 48,721 47,802 96,523 95,509
GLENARM CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITY As at 31st December 2024 UnrestrKted Funds Restrlcted Funds Endowment Funds Total Funds 2024 Totsl Funds 2023 Funds r onc"1 ation Bank and Cash at sta rt of year Net movement in funds 50,112 {1,3911 45,397 2.405 9S,509 1,014 82,471 13,037 Bank and Cash at end of year 48,721 47,802 96,523 95,509 Bank nd Cash Balanc Bank Deposit Accounts Bank Current Account5 Cash in Hand 96,523 95,509 96,523 95,509 her Fixed Assets- Note 10 Investments- Note 11 Gift Aid receivable on donatlons 5,008 3,661 5,008 3,661 Llablitl Loans Approved by the Klrk Session at a meeting on Zo / K/>J and signed on its behalf bv: Trustee Date: Trustee Date:
GLENARM CONGREGATION OFTHE PREsBERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31st December 2024 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is le5S than £250,000 the congregation have elected in accordance with the provisions in The Charities (Acounts and Reports Regulations {Northern I relandl 2015 to prepa re its accounts on a receipts and payments basis. 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 lal income from endowments which is to expended only on the restricted purposes intended bv the donor and {bl 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 individua I funds on a n average balance basis. Unrestricted funds are income fund5 which are to be Spent on the congregation's general purposes. Designated funds are genera I funds set aside by the congregation for use in the future. 2. DONATIONS AND LEGACIES Unrestricted Funds Restrirted Funds Endowment Funds Total Funds 2024 Total Funds 2023 Recorded giving Loose collections Donations and gifts GiftAid Legacies and bequests 11,661 3,770 520 3,083 1,674 612 1,375 578 13,335 4,382 1,895 3,661 11,883 4,376 21,136 5,310 Total 19,034 4,239 23,273 42,705
GLENARM CONGREGATION OF THE pRE5BERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 31st December 2024 3. CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2024 Total Funds 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees G rants received Total 4. OTHER TRADING AcfiviTIES Unrestrlcted Funds Restricted Funds Endowment Funds Total Funds 2024 Total Funds 2023 Letting of premises Trading income Total 5. INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2024 Total Funds 2023 Deposit interest General Investment Fund Rents investment properties Other investment income 17 21 17 Total 17 21 17
GLENARM CONGREGATION OFTHE pRE5BERIAN CHURCH IN IRELAND NOTES TOTHE ACCOUNTS (cont'd) 31st December 2024 6. OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2024 Total Funds 2023 I nsurance claims Other income 1,123 339 1,461 1,775 Total 1,123 339 1,461 1,775 7. RAISING FUNDS Unrestricted Funds Restricted Funds Endovmient Funds Total Funds 2024 Total Funds 2023 FWO envelopes Fundraising events 153 153 153 Total 153 153 153 8. CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2024 Total Funds 2023 General Assembly Assessments Presbytery Fees Ministry and support staff costs Congregational running expenses Donations to Missions and Charities Governance costs 5,970 93 9,409 5,352 588 5,970 93 9.409 7,530 588 1,421 95 14.319 14,649 822 2,177 Total 21,411 2,177 23,588 31,306
GLENARM CONGREGATION OF THE PRESBITERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 31st December 2024 9. OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total Fund5 2024 Total Fund5 2023 Investment properties expenses Total 10. FIXED ASSETS The congregation assets consist of a manse located on The Cloney in Glenarm (insurance valuation £406,6871 and the church building and halls on Altmore Street, Glenarm (insurance valuatSon £1,043,967) 11. INVESTMENTS 2024 2023 Details of the investment as at 31/12124 Total
GIENARM CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREtAND NOTES TO THE ACCOUNTS {cont'dl 315t December 2024 12. FUND BALANCES Balan at start Receipts Payments Surplusl (Deficit) Transfer Balance at end Unrestr dFun General Account 50,112 20,173 21,564 11,3911 48,721 Total 50,112 20,173 21,564 11,3911 48,721 Property Fund Sunday School Luncheon Club 44,861 324 212 4,106 1,559 2,547 47,408 329 65 625 771 11461 Total 45,397 4,735 2.330 2,405 47,802 En Bequest fund Total Total 95,509 24,909 23,895 1,014 96,523