an Castlerock Congregation of the Presbyterian Church in Ireland Financial Statements Year Ended 31 December 2024 st NTC No. 105337
CASTLEROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Recelpts and Payments Account) for the year ended 31 December 2024 NIC 105337 Note Unrestrl¢ted Restrlcted Endowment Funds Funds Funds Total 2023 Total 2024 Receipts Donations and legacies Charitable activitles Other trading actlvlties Investment Income Other Income 61,493 405 40,435 5,382 1,700 93 101,928 5,787 1,700 717 117,016 2,893 7,250 747 625 62,523 47,610 110,133 127,906 Sale of Investments Sale of fixed asset5 Loans Received Total Recelpts 62,523 47,610 110,133 127,906 Payments Raising funds Charltable actlvlties Investment costs Other Expenditure 635 57,057 635 91,511 704 81,214 34,454 110 57,692 34,454 92,146 82,028 Purchase of Investments Purchase of flxed assets Loan Repayments 6,263 6,263 6,528 Total Payments 57,692 40,717 98,409 88,556 Net receipts / (payments) Transfers between funds 4,831 (2,058) 6,893 2,058 11,724 39,350 Net movement In funds Funds brought fonNard 2,773 48,468 8,951 40,985 11,724 89,453 39,350 50,103 Funds carried forward 12 51,241 49,936 101,177 89,453
CASTLEROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS ANO LIABILITIES As at 31 December 2024 Unrestrlrted Restrleted Endowment Funds Funds Funds Total 2024 Total 2023 Funds Reconclllatlon Bank and Cash at start of year Net movement in funds 48,468 2,773 40,985 8,951 89,453 11,724 50,103 39,350 Bank and Cash at end of year 51,241 49,936 101,177 89,453 Bank & Cash Balances Bank Accounts Cash in Hand 101,177 89,453 101,177 89,453 Flxed Asset5- Note 10 3,067,011 2,995,800 Other Assets Investments- Note 11 Glft Ald recelvable on donatlons 21,340 12,930 20,377 13,224 34,270 33,601 Name RÉV. Name Éo&oc MK)IJ L Date Date
CASTLEROCK CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 Decgmber 2024 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total Income of the congregatlon Is less than £250,000 the congregatlon have elected to prepare Its accounts on a recelpts and payments basls, in accordance wlth the provislons in The Charlties (Accounts and Reports) Regulatlons (Northern Ireland) 2015. FUNDACCOUNTING Endowment funds are funds, the capital of whlch must be retalned elther permanently or at the congregation's discretion; the Income derived from the endowment Is to be used elther as estrlcted or unrestrlcted Income funds dependlng upon the purpose for which the endowment was establlshed In the flrst place. Restrleted funds comprlse (al Income frgm endowments whlch Is to be expended only on the restrlcted purposes Intended by the donor and Ib) revenue donatlons or grants for a speclflc conBregatlonal actlvlty Intended by the donor. Where these funds have unspent balances, Interest on thelr pooled Investment Is apportloned to the Indlvidual funds on an average balance basls. Unrestrleted funds are Income funds whlch are to be spent on the congregatlon's general purposes, Deslgnated funds are general funds set aslde by the congregatlon for use In the future. DONATIONS AND LEGACIES Vnre5trlcted Restrlcted Endowment Funds Funds Funds Total 2024 Total 2023 Recorded glvlng Loose collectlons Donatlons and 8lfts Glft Ald Legacles and bequest 49,976 1,650 213 9,654 17,613 2.079 16,603 4,140 67,589 3,729 16,816 13,794 61,545 2,875 280 12,316 40,000 61,493 40,435 101,928 117,016
CASTLEROCK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 fiecember 2024 CHARITABLE ACTIVITIES Unrostrlrted Fundi Restrlcted Endowment Funds Funds Totsl 2023 Total 2024 Income from charltable actlvltles Fees from weddlngs and funerals Fundralslng events 405 405 798 5,382 5,382 2,095 405 5.382 5,787 2,893 OTHER TRADING ACTIVITIES Unrestrlcted Funds Restrlcted Endowment Funds Funds Total 2023 Total 2024 Tradlng Income 1,700 1,700 7,250 1,700 1,700 7,250 INVESTMENT INCOME Unrestrlcted Funds Restrl¢t¢d Endowment Funds Funds Total 2023 Total 2024 Bank Interest General Investment Fund 212 413 213 505 133 614 92 625 93 717 747
CASTLEROCK CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 gecember 2024 OTHER INCOME Unrestrlcted Fund5 Restrlcted Endowment Funds Funds Total 2023 Total 2024 Insurance claims Other Income RAISING FUNDS Unrestrlcted Funds Restrlcted Endowment Funds Funds Total 2023 Total 2024 FWO envelopes Fundralslng events 635 635 635 69 635 635 704 CHARITABLE ACTIVITIES Unrestrlrted Funds Restrlrted Endowment Funds Funds Total 2023 Total 2024 General Assembly Assessments Presbytery fees Minlstry and support Staff costs Premises Costs Congregational runnin8 expenses Repairs and Maintenance Donations to Missions and charltles Governance costs 9,668 362 30,448 10,971 2,604 2,654 100 250 9,668 362 30,448 19,971 2,878 27,732 9,202 250 4,491 334 19,510 10,028 5,043 34,233 7,325 250 275 25,078 9,102 57,057 34,454 91,511 81,214
CASTLEROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER EXPENDITURE Unrestrlcte RestTlcted Endowme d Fund$ Funds nt Funds Total 2024 Total 2023 Loan Interest 110 110 10. FIXED ASSETS The congregation owns the Church premlses situated at 32 Circular Road, Castlerock, Coleraine BT514XA and the Church Manse at 12 Islay Court, Castlerock BT514PZ together wlth the associated flxtures, flttlngs, plant and machinery. These have an Insurance value of:. Maln Church Bulldlng West Wlng Annex Church Manse 1,680,431 760,782 625,798 3,067,011 11. INVESTMENTS The congre8ation has the followlng Investments. Amounts are shown at market valuatlon. 2024 2023 Endowment Funds General Investment Fund 21,340 20,377 21,340 20,377 Fund Summary of Investments General Funds Stlpend Building Fund Grave Maintenance Sunday School Unlted Appeal 14,697 14,033 1,577 1,506 2,415 2,306 572 546 1,172 1,120 907 866 21,340 20,377
CASTLEROCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 De¢ember 2024 12. FUND BALANCES Fund Balance at stsrt Surplus / (Deficit) Balance at end Recelpts Payment Transfer UnKstrieted Fundi General Fund 48,468 62,523 57,692 4,831 {2,0581 51,241 48,468 62,523 57,692 4,831 (2,058) 51,241 Restrlcted Funds Bulldlng Fund United Appeal Student Bursary Slmon Communlty pw 35,841 36,941 3,461 1,130 653 5,425 30,146 5,519 1,130 653 3,269 6,795 {2,0581 42,636 2,058 5,144 2,156 7,300 40,985 47,610 40,717 6,893 2,058 49,936 OTAL CASH FUNDS 89,453 110,133 98,409 11,724 101,177