an RAMOAN PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2024 Registered Charity in Northern Ireland(NIC105389)
RAMOAN PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY {Receipts and Payments Account) For the year ended 31 December 2024 Note Unrestricted Funds Restritted Endowment Funds Funds Total 2024 Total 2023 Receipts Donations and legacies Cha ritable activities Other trading activities Investment Income Other 35.652 5,526 41,178 37,023 5.683 324 loo 5,783 329 6,236 428 41.659 5,631 47,290 43.687 Sale of Investments Sale of fixed assets Loans Received Total Receipts 41,659 5.631 47,290 43,687 Payments Raising funds Charitable activities Investment costs Other 385 385 377 47.221 4,443 51,664 41,395 3.353 3,353 3,173 50.959 4,443 55,402 44,945 Purchase of Investments Purchase of fixed a55ets Loan Repayments 299 Total Payment5 50,959 4.443 55,402 45,244 Net receipts / {payments) Transfers between funds (9,3001 (2.1311 1.188 2,131 18.1121 11,5571 Net movement in funds Funds brought forward {11,4311 55.443 3.319 8.549 {8,1121 63.992 11,5571 65,549 Funds carried forward 12 44.012 11.868 55.880 63,992 10
RAMOAN PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND UABILITIES. As at 31 December 2024 Unrestricted Restricted Endowment Funds Funds Funds Total Funds 2024 Total Fund5 2023 Funds Reconciliation- Note 12 Bank and Cash at start of year Net movement in funds 55.443 IIL4311 8,549 3.319 63,992 18,1121 65,549 11,5571 Bank and Cash at end of year 44.012 11.868 55.&80 63,992 Bank & Cash Balances Danske Bank General Account Building and Repair Account I Building and Repair Account 2 Women's Account Indoor Bowling Club Account 44,012 9,064 138 970 1.696 55,443 5,713 134 1,006 1.696 55.880 63,992 OtherAssets Fixed Assets- Note 10 Church Premises Contents Land Investments- Note 11 Gift Aid receivable on donations 2,830.949 125,161 80,000 4,564 4,572 2.830,949 125,161 so.000 4,448 4,572 3,045.246 3,045,130 Approved by the Kirk Session at a meeting on and signed on its behalf by Rev. Philip L McKelvey Date: Date: 7LAr-T. li
RAMOAN PRESBITERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN 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 with the provisions in The CharÉties (Accounts and Reports Regulations {Northern Ireland) 2015 to prepare its account5 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 {a) income from endowments 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 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 are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Recorded giving: Loose collections-FWO Other Collection5 Donations and gifts Gift Aid Legacies and bequest 30,809 95 30,904 28,838 586 5.077 354 5.663 4,611 3,020 4,165 1,000 4.257 35.652 5.526 41,178 37,023 12
RAMOAN PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Fund5 Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Letting of premises Grave opening fees 4,983 700 loo 5,083 700 5.936 300 5,683 loo 5,783 6,236 INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment properties Other investment income 127 132 150 198 198 278 325 330 428 13
RAMOAN PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Funds Endowment Fund5 Total 2024 Total 2023 RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 FWO envelopes Fundraising events 385 385 377 385 385 377 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Governance costs Donations to Missions and charities 8.256 240 8,256 240 296 229 17,688 19,291 1,296 450 17.688 19.760 1,296 4.424 18,242 14,486 1,278 6,864 469 3.974 47.221 4.443 51.664 41,395 14
RAMOAN PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (conyd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Property expenses 3.353 3,353 3,173 3.353 3.353 3,173 10. FIXED ASSETS The congregation own5 the Church premises situated at 137 Moyarget Road, Ballycastle, Co. Antrim, BT54 6HL and the associated fixtures, fittings, plant and machinery. These have an insurance value of £4,268,959. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 General Investment Fund Property Other investments- M&G Investment 4.564 4,448 4.564 4,448 15
RAMOAN PRESBYfERIAN CHURCH CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 12. FUND BALANCES Fund Balance at start Receipts Payments Surplus / Transfer Balance at (Deficit) end Unrestricted Fund5 General Fund Account 55.443 41.659 50.959 19.3001 12.1311 44,012 Women Account Indoor Bowling Club 55,443 41.659 50.959 19,3001 12,1311 44,012 Restricted Funds General Fund Building & Repair Account I Building & Repair Account 2 Women Account Indoor Bowling Club 1,843 3.688 3.974 337 {2.131} 3,351 2.131 5.713 134 9,064 138 1.006 1,696 96 132 1361 970 1,696 8,549 5,631 4.443 1.188 2,131 11,868 Total 63.992 47,290 55,402 {8,1121 55,880 16