ARMOY CONGREGATION OF THE PREsBERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNT) FOR YEAR ENDED 31 DECEMBER 20Z4 NOTE UNRESTRICTED FUNDS RESTRicfED FUNDS TOTAL 2024 TOTAL 2023 Receipts Donation5 & legacie5 Charitable activities Investment income Total receipt5 40,971 162 502 41,635 16,581 11,677 16 28,273 57,552 11,838 518 69,908 53,003 19,259 417 72,679 Payments Raisingfunds Charitable activities Total payments 465 42.505 42,970 465 72,620 73,085 495 62,628 63,123 30,115 30,115 Net receiptsllpayment5} Transfers between funds Net movement in fund5 11,3351 13,561) {4,8971 11,8421 3,361 1,519 13,177) 12001 13,3771 9,556 9,556 Reconciliation of funds: Total f unds brought forward Deduct non cash/bank related endowment funds Total funds carried forward 87,016 23,247 110,263 100,707 82,120 24,766 106,886 110,263 io
ARMOY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024 UNRESTRICTED RESTRICTED FUNDS FUNDS TOTAL 2024 TOTAL 2023 Funds Reconciliation Total funds brought forward Net movement in funds Dedurt non cash/bank related endowment funds Total fund5 carried fornard 87,016 14,897) 23,247 1,519 110,263 13,3771 100,707 9,556 82,120 24,766 106,886 110,263 Bank & cash balances Bank current accounts 106,886 106,886 110,263 110,263 Other assets Fixed assets - note 7 Investments- note 8 Gift Aid receivable on donations 3,625,964 6,632 5,726 3,638,322 3,625,964 6,029 5,973 3,637,966 Approved by the Kirk Session dt a meeting on and signed on its behalf by Rev G Glasgow Mr D Huey li
ARMOY CONGREGATION OF THE pREsBER1AN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total Income of the congregation is less than £250,000 the congregation have elected in accordance wlth tlie provision in The Charlties IAccounts and Reports) Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Endowment fund5 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 15 to be expended only on the restricted purposes intended by the donor and Ibl revenue donations or grants for a specific congregatlonal activity intended by the donor. Where these funds have unspent balances, interest on thelr pooled investment is apportioned to the individual funds on an average balance basls. Unrestricted funds are income fund5 whlch 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 & LEGACIES UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL 2024 TOTAL 2023 Recorded giving Loose collections Donations and gifts GiftAld 35,037 472 350 5,112 40,971 8,700 1,739 4,866 1,276 16,581 43,737 2,211 5,216 6.388 57,552 38,528 691 4,262 4,028 47,509 12
ARMOY CONGREGATION OF THE PRESBYTERIAN CHURC14 IN IRELAND NOTES TO T14E ACCOUNTS 31 DECEMBER 2024 CHARITABLE A1VITIEs UNRESTRicfED RESTRICTED FUNDS FUNDS TOTAL 2024 TOTAL 2023 OrganiJation income reLiS from weddings & fune.rals Sale of study books el'c. Grants Rent MiscellaneoL'S income 1,577 1,577 8,622 140 140 1,200 8,900 22 11,838 180 1,200 8,900 7,408 18 16,228 22 162 11,b77 INVESTMENT INCOME UNRESTRICTED RESTRICTED FUNDS FUNDS TOTAL 2024 TOTAL 2023 Deposit inLere5t Investment income 227 276 502 16 242 276 518 215 145 360 16 13
ARMOY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2024 RAISING FUNDS UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL 2024 TOTAL 2023 FWO envelopes 465 465 465 465 492 492 CHARITABLE ACTIVITIES UNRESTRICTED FUNDS RESTRicfED FUNDS TOTAL 2024 TOTAL 2023 General Assembly Assessments Presbytery fees Ministry & 5UPPOrt staff costs Congregational runnlng expenses Donations to missions & charitie5 Governance Costs 5,764 195 5,764 195 5,261 235 15,198 15,198 1,611 20,244 24,173 44,417 39,987 5,942 5,942 1,104 72,620 7,535 1,020 55.649 1,104 42,505 30,115 14
ARMOY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS 31 DECEMBER 2024 FIXED ASSETS The congregation owns the Church building and h311 situated at 2 Gra¢ehill Road, Armoy and the associated fixtures, fittlngs, plant and machinery. These have a combined Insurance value of £3,102,429. The Congregation also own the Manse sltuated at 10 Drones Road, Armoy, which has an Insurance value of £704,833. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation: 2024 2023 HSBC Holdings PLC PCI Shares General Investment Fund 2,026 4,606 6,632 1,631 4,398 6,029 15
ARMOY CONGREGATION OF THE pREs8ER[AN CHURCH IN IRELAND NOTE5 TOTHE ACCOUNTS 31 DECEMBER 2024 9 FUND BALANCES FUND BALANCE AT START RECEIPTS PAYMENTS TRANSFER TRANSFER SURPLU51 IN OUT DEFECEIT BALANCE AT END Unrestricted funds General account 87,016 87,016 46,588 46.588 47,850 47,850 525 525 4,086 4,086 14,8241 14,8241 82,193 82.193 Restricted funds Building account Superintendent account Sunday Scliool & Children's Church account Presbyterian Women Girls, Brigade BowlinB club Presbyterlan Orphans 1st Kilrau8hts Pres Church 8,107 646 17,317 18,783 202 11,4661 678 6,641 1,324 880 263 530 4.430 781 550 884 4,295 521 288 5,716 10,473 822 1181 12,5001 Z3,247 75 150 500 14291 386 12411 18 2,500 1,446 5,287 10,860 581 401 2,500 4,086 23,320 25,235 725 24,693 Endowmpnt fund5 A McLarnon Beque5l Total 110,263 69,908 73,085 4,611 4,811 13,3771 106,886 16
ARMOY CONGREGATION OF THE pREsBER1AN CHUHCH IN IRELAND NOTESTO THE ACCOUNTS 31 DECEMBER 2024 10 RELATED PARTY TRANSAcfioNS None of the trustees received any remuneratlon or expenses during the year in connection with their duties. Durin8 the year the congregation contributed the following amount5 to Funds of the General A55einbly of the Presbyterian Church in Ireland a Separate charity. £5,764 for congregatlonal assessments £3,738 toward5 the United Appeal There were no other related party transactlons, 17