Newtowncrommelin Congregation of the Presbyterian Church In Ireland Statement of Financial Activity (Receipts and Payments Account) for the year ended 31st December 2024
| Note Receipts Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investment Income 5 Other 6 Sale of investments Sale of fixed assets Loans received Total Receipts Payments Raising funds 7 Charitable activities 8 Investment costs Other 9 Purchase of investments Purchase of fixed assets Loan repayments Total Payments Net receipts / (payments) Transfer between funds Net movement in funds Funds brought forward Funds carried forward 12 |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ 47,709 22,406 - 70,115 51,039 - - - - 964 5687 - 6,651 7,124 1,668 - 410 2,078 2,152 0 - - 0 0 |
|---|---|
| 50,341 28,093 410 78,844 60,315 - - - - - - - - - - - - - - - |
|
| 50,341 28,093 410 78,844 60,315 |
|
| 315 - - 315 270 36,872 25,997 0 62869 43244 - - - - - - - - - - |
|
| 37,187 25,997 0 63,184 43,514 - - - - - - - - - - - - - - - |
|
| 37,187 25,997 0 63,184 43,514 |
|
| 13,154 2,096 410 15,660 16,801 - - - - - |
|
| 13,154 2,096 410 15,660 16,801 79,575 17,168 9,722 106,465 89,664 |
|
| 92,729 19,264 10,132 122,125 106,465 |
Page 1 of 7
Newtowncrommelin Congregation of the Presbyterian Church In Ireland Statement of Financial Activity (Receipts and Payments Account) As at 31st December 2024
| Funds reconciliation Funds balance at start of year Net movement in funds year Bank and Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand Other Assets Fixed Assets - Note 10 Investments - Note 11 Gift Aid receivable on donations Liablities Loans |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2024 2023 £ £ £ £ £ 79,575 17,168 9,722 106,465 89,664 13,154 2,096 410 15,660 16,801 |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2024 2023 £ £ £ £ £ 79,575 17,168 9,722 106,465 89,664 13,154 2,096 410 15,660 16,801 |
|---|---|---|
| 92,729 19,264 10,132 122,125 106,465 - - 94,886 79,918 £24 24 94,910 79,942 - - 27,214 26,524 6,590 5,302 33,804 31,826 - - - - |
||
| 94,910 79,942 |
||
| - - 27,214 26,524 6,590 5,302 |
||
| 33,804 31,826 |
||
| - - |
||
| - - |
Approved by the Kirk Session at a meeting on 27th May 2025
and signed on its behalf by:
Jim Gillan
Rev David McGaughey
Page 2 of 7
Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts 31st December 2024
1. ACCOUNTING POLICIES
Basis of Financial Statements
As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Acounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a rec and payments basis.
Fund Accounting
Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretio the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon purpose for which the endowment was established in the first place.
Restricted funds comprise (a) income from endowments which is to expended only on the restricted purposes intended the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where thes funds 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 general funds set aside by the congregation for use in the future.
2. DONATIONS AND LEGACIES
| Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequests Total |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2024 2023 £ £ £ £ £ 29,843 10,477 - 40,320 29,897 2262 7,372 - 9,634 5,207 10,528 3,200 - 13,728 11,656 5,076 1,357 - 6,433 5,022 - - - - - |
|---|---|
| 47,709 22,406 - 70,115 51,782 |
Page 3 of 7
Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts (continued) 31st December 2024
3. CHARITABLE ACTIVITIES
| 3. CHARITABLE ACTIVITIES | |
|---|---|
| Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants received Total |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2024 2023 £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - |
| - - - - - |
4. OTHER TRADING ACTIVITIES
| Letting of premises Trading income Total |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2024 2023 £ £ £ £ £ 964 5687 - 6651 7124 - - - - - |
|---|---|
| 964 5687 - 6651 7124 |
5. INVESTMENT INCOME
| Deposit interest General Investment Fund Rents investment properties Other investment income Total |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2024 2023 £ £ £ £ £ 475 - - 475 161 - - - - - - - - - - 1,193 - 410 1603 1991 |
|---|---|
| 1,668 0 410 2,078 2,152 |
Page 4 of 7
Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts (continued) 31st December 2024
6. OTHER INCOME
| Insurance claims Other income Total 7. RAISING FUNDS FWO envelopes Fundraising events Total |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2024 2023 £ £ £ £ £ - - - - - 0 - - 0 69 |
|---|---|
| 0 0 - 0 69 |
|
| Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2024 2023 £ £ £ £ £ 315 - - 315 270 - - - 0 - 315 - - 315 270 |
8. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| General Assembly Assessments | 6,854 | - | - | 6,854 | 2,549 |
| Presbytery Fees | 144 | - | - | 144 | 118 |
| Ministry and support staff costs | 23,772 | - | - | 23,772 | 12,266 |
| Congregational running expenses | 3,758 | 11,620 | 0 | 15,378 | 15,107 |
| Donations to Missions and Charities | 2,344 | 14,377 | - | 16,721 | 13,204 |
| Governance costs | - | - | - | - | - |
| Total | 36,872 | 25,997 | 0 | 62,869 | 43,244 |
Page 5 of 7
Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts (continued) 31st December 2024
9. OTHER EXPENDITURE
| Investment properties expenses Total |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2024 2023 £ £ £ £ £ - - - - - |
|---|---|
| - - - - - |
10. FIXED ASSETS
The congregation owns the church building together with the church hall and manse situated at Skerry Road East, Newtowncrommelin and the associated fixtures, fittings, plant and machinery. These have a combined insurance value of £1,948,396.65
11. INVESTMENTS
| Details of the investment as at 31/12/24 Total |
2024 2023 £ £ 27,214 27,214 |
|---|---|
| 27,214 27,214 |
The Church is the beneficiary of the income from investments held in the name of Wm McAlister Settlement No 2 Trust.
Page 6 of 7
Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts (continued) 31st December 2024
12. FUND BALANCES
| Unrestricted Funds General Acccount Total Restricted Funds Property Fund Mission Fund Sunday School PW Choir Youth Total Endowment Funds Bequest Fund Total Total |
Balance at Receipts Payments Surplus / Balance at Start (Defecit) End £ £ £ £ £ 79,575 50,341 37,187 13,154 92,729 |
|---|---|
| 79,575 50,341 37,187 13,154 92,729 10,071 12,890 10,803 2,087 12,158 4,146 11,080 11,420 (340) 3,806 1,574 0 0 0 1,574 989 4,122 3,773 349 1,338 158 0 0 0 158 230 0 0 0 230 17,168 28,092 25,996 2,096 19,264 |
|
| 9,722 410 0 0 10,132 |
|
| 9,722 410 0 0 10,132 |
|
| 106,465 78,843 63,183 15,250 122,125 |
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