GRANGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 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 actvities 8 Investment costs Other 9 Purchase of Investments Purchase of Fixed Assets Loan Repayments Total Payments Net receipts/(payments) Transfers between funds Net movement in funds Funds Brought Forward Funds Carried Forward 12 |
Unrestricted Restricted Endownment Total Total funds Funds Funds 2024 2023 £ £ £ £ £ 68705 19063 0 87768 85215 0 472 0 472 1653 8882 0 0 8882 9582 2641 14 0 2655 491 23 0 0 23 21 |
|---|---|
| 80251 19549 0 99800 96962 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 80251 19549 0 99800 96962 |
|
| 415 0 0 415 396 48610 18002 0 66612 75639 0 0 0 0 0 0 0 0 0 0 |
|
| 49025 18002 0 67027 76035 0 0 0 0 35000 28038 0 0 28038 0 0 0 0 0 0 |
|
| 77063 18002 0 95065 111035 |
|
| 3188 1547 0 4735 -14073 -270 270 0 0 0 2918 1817 0 4735 -14073 134062 20280 4582 158924 172997 |
|
| 136980 22097 4582 163659 158924 |
GRANGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024
| Funds Reconciliation Bank and Cash at start of Year Net Movement in funds Bank and Cash at end of Year Bank and Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand Other Assets Fixed Assets - Note 10 - Church Premises - Fixtures, Fittings & Equipment - Vehicles Investments - Note 11 Gift Aid Receivable on donations Liabilities Loans Others |
Unrestricted Restricted Endownment Total Total funds Funds Funds 2024 2023 £ £ £ £ £ 134062 20280 4582 158924 172997 2918 1817 0 4735 -14073 |
Unrestricted Restricted Endownment Total Total funds Funds Funds 2024 2023 £ £ £ £ £ 134062 20280 4582 158924 172997 2918 1817 0 4735 -14073 |
|---|---|---|
| 136980 22097 4582 163659 158924 |
||
| 42080 40000 121304 118754 275 170 |
||
| 163659 158924 |
||
| 0 0 3578758 3419364 0 0 0 0 39469 36732 0 0 |
||
| 3618227 3456096 |
||
| 0 0 0 0 |
||
| 0 0 |
Approved by the Kirk Session at a meeting on 21st October and signed on its behalf by Name Rev Andrew Frazer Name Mr Jamie Harris Date 21.10.2025 Date 21.10.2025
GRANGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 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 Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis.
FUND ACCOUNTING
Endownment funds are funds the capital of which must be retained either permanently or at the congregation's discretion; the income derived from the endownment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endownment was established in the first place.
Restricted funds comprise (a) income from endownments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspend balances, interest on their pooled investment is apportioned to the 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.
2. DONATIONS AND LEGACIES
| Recorded Giving Loose Collections Donations and Gifts Gift Aid Legacies and Bequest 3. CHARITABLE ACTIVITIES Income from charitable activities Fees from wedding and Funerals Fundraising events Membership Fees Grants |
Unrestricted Restricted Endownment Total Total funds Funds Funds 2024 2023 £ £ £ £ £ 53641 13515 0 67156 65408 2088 2679 0 4767 3039 523 210 0 733 1511 12453 2659 0 15112 14757 0 0 0 0 500 |
|---|---|
| 68705 19063 0 87768 85215 |
|
| Unrestricted Restricted Endownment Total Total funds Funds Funds 2024 2023 £ £ £ £ £ 0 28 0 28 130 0 380 0 380 1440 0 0 0 0 0 0 64 0 64 83 0 0 0 0 0 |
|
| 0 472 0 472 1653 |
GRANGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
4. OTHER TRADING ACTIVITIES
| Letting of premises Trading Income 5. INVESTMENT INCOME Deposit Interest General Investment Fund Rents Investment properties Other investment income 6. OTHER INCOME Insurance claims Other Income 7. RAISING FUNDS Cost of FWO Envelopes Fundraising Events |
Unrestricted Restricted Endownment Total Total funds Funds Funds 2024 2023 £ £ £ £ £ 8882 0 0 8882 9434 0 0 0 0 148 |
|---|---|
| 8882 0 0 8882 9582 |
|
| Unrestricted Restricted Endownment Total Total funds Funds Funds 2024 2023 £ £ £ £ £ 2598 14 0 2612 457 43 0 0 43 34 0 0 0 0 0 0 0 0 0 0 |
|
| 2641 14 0 2655 491 |
|
| Unrestricted Restricted Endownment Total Total funds Funds Funds 2024 2023 £ £ £ £ £ 0 0 0 0 0 23 0 0 23 21 0 0 0 0 0 |
|
| 23 0 0 23 21 |
|
| Unrestricted Restricted Endownment Total Total funds Funds Funds 2024 2023 £ £ £ £ £ 415 0 0 415 396 0 0 0 0 0 0 0 0 0 0 |
|
| 415 0 0 415 396 |
GRANGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
8. CHARITABLE ACTIVITIES
| General Assembly Assessments Presbytery Fees Ministry and Support Staff Costs Congregational running Expenses Donations to Missions and Charities Governance Costs 9. OTHER EXPENDITURE |
Unrestricted Restricted Endownment Total Total funds Funds Funds 2024 2023 £ £ £ £ £ 6434 0 0 6434 5463 292 0 0 292 253 23241 245 0 23486 22718 18218 3993 0 22211 30906 0 13764 0 13764 15899 425 0 0 425 400 0 0 0 0 0 0 0 0 0 0 |
|---|---|
| 48610 18002 0 66612 75639 |
|
| Unrestricted Restricted Endownment Total Total funds Funds Funds 2024 2023 £ £ £ £ £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 0 0 0 0 0 |
10. FIXED ASSETS
The congregation owns the Church premises and Manse situated at Taylorstown Road, Toomebridge and the associated fixtures, fittings, plant and Machinery. These have an insurance value of £3,578,758
11. INVESTMENTS
| General Investment Fund Property Other Investments |
2024 2023 £ £ 1814 1732 0 0 37655 35000 |
|---|---|
| 39469 36732 |
GRANGE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
12. FUND BALANCES
| Fund Unrestricted Funds No1 Account Craigmore Restricted Funds No2 Account Manse Moldova Mission Presbyterian Orphan Soc Earl Haig tear fund Youth Club Bowling Club Christian Endeavour PW Sunday School Hope and a Future Recipe Book 350th Anniversary service Endownment Funds Nicholl Bequest JJ Rainey Bequest JJ Rainey Bequest - Sunday school General Investment John Montgomery Memorial Total |
Balance Receipts Payment Surplus/ Transfer Balance at start (Deficit) at end £ £ £ £ £ £ 128254 77305 76918 387 -270 128371 5808 2946 145 2801 0 8609 0 0 |
|---|---|
| 134062 80251 77063 3188 -270 136980 |
|
| 7334 9867 8179 1688 0 9022 10000 0 0 0 0 10000 0 0 0 0 0 0 0 6898 6898 0 0 0 0 1184 1184 0 0 0 0 223 223 0 0 0 2 0 0 0 0 2 1148 105 375 -270 270 1148 0 0 0 0 0 0 0 0 0 0 0 0 642 922 1023 -101 0 541 1154 350 120 230 0 1384 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 20280 19549 18002 1547 270 22097 |
|
| 1000 0 0 0 0 1000 1000 0 0 0 0 1000 1019 0 0 0 0 1019 1019 0 0 0 0 1019 544 0 0 0 0 544 |
|
| 4582 0 0 0 0 4582 |
|
| 158924 99800 95065 4735 0 163659 |