CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Receipts and Payments Accounts for the year ended 31 December 2024
Registered Charity in Northern Ireland (NIC105391)
CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024
| Note | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | 64,190 | 38,433 | 0 | 102,623 | 106,366 |
| Charitable activities | 3 | 0 | 0 | 0 | 0 | 0 |
| Other trading activities | 4 | 31 | 0 | 0 | 31 | 628 |
| Investment Income | 5 | 1,933 | 63 | 0 | 1,996 | 1,532 |
| Other | 6 | 0 | 1,458 | 0 | 1,458 | 1,204 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 66,154 | 39,954 | 0 | 106,108 | 109,730 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Payments | ||||||
| Raising funds | 7 | 315 | 0 | 0 | 315 | 298 |
| Charitable activities | 8 | 49,290 | 23,052 | 0 | 72,342 | 72,977 |
| Investment costs | 0 | 0 | 0 | 0 | 0 | |
| Property Related Costs | 9 | 0 | 0 | 0 | 0 | 5,540 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Payments | 49,605 | 23,052 | 0 | 72,657 | 78,815 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net receipts / (payments) | 72,657 | 78,815 | ||||
| Transfers between funds | 300 | -300 | 0 | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | 16,849 | 16,602 | 0 | 33,451 | 30,915 | |
| Funds brought forward | 122,688 | 91,848 | 0 | 214,536 | 183,621 | |
| ---------- | --------- | ---------- | ---------- | ---------- | ||
| Funds carried forward | 12 | 139,537 | 108,450 | 0 | 247,987 | 214,536 |
| ====== | ====== | ====== | ====== | ====== |
10
CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023
| s at 31 December 2023 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | Funds | Funds | |
| 2024 | 2023 | ||||
| £ | £ | £ | £ | £ | |
| Funds Reconciliation | |||||
| Bank and Cash at start of year | 122,688 | 91,848 | 0 | 214,536 | 183,621 |
| Net movement in funds | 17,946 | 15,516 | 0 | 33,462 | 30,915 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Bank and Cash at end of year | 140,634 | 107,364 | 0 | 247,998 | 214,536 |
| ======- | ======= | ======= | ======= | ======= | |
| Bank & Cash Balances | |||||
| Bank Deposit Accounts | 0 | 0 | 0 | 0 | 0 |
| Bank Current Accounts | 140,634 | 107,364 | 0 | 247,998 | 214,256 |
| Cash in Hand | 0 | 0 | 0 | 0 | 280 |
| ---------- | ---------- | ||||
| Total | 247,998 | 214,536 | |||
| ======= | ======= | ||||
| Other Assets | |||||
| Fixed Assets – Note 10 | |||||
| Church Premises, | |||||
| Fixtures, Fittings & Equipment | 2,781,222 | 2,463,984 | |||
| Investments – Note 11 | 2,239 | 1,763 | |||
| Gift Aid receivable on donations | 14,354 | 16,030 | |||
| ---------- | ---------- | ||||
| Total | 2,797,815 | 2,481,777 | |||
| ======= | ======= | ||||
| Liabilities | |||||
| Loans | 0 | 0 | |||
| ---------- | ---------- | ||||
| Total | 0 | 0 |
Approved by the Kirk Session on 18 August 2024 and signed on its behalf by
[Name] [Date] 18 August 2024
11
CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250,000 the congregation has 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
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.
2. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Recorded giving: | 51,830 | 25,899 | 0 | 77,729 | 80,543 |
| Loose collections | 878 | 4,837 | 0 | 5,715 | 9,551 |
| Gift Aid | 11,482 | 7,697 | 0 | 19,179 | 16,272 |
| Legacies and bequest | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 64,190 | 38,433 | 0 | 102,623 | 106,366 |
| ---------- | ---------- | ---------- | ---------- | ---------- |
12
CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS
31 December 2024
3. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Income from charitable activities | 0 | 0 | 0 | 0 | 0 |
| Membership fees | 0 | 470 | 0 | 470 | 283 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 0 | 470 | 0 | 470 | 283 |
| ---------- | ---------- | ---------- | ---------- | ---------- |
4. OTHER TRADING ACTIVITIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| N.I.E. Wayleaves | 31 | 0 | 0 | 31 | 28 |
| Sale of Grave Plots | 0 | 0 | 0 | 0 | 500 |
| Sale of Lawnmower | 0 | 0 | 0 | 0 | 100 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 28 | 600 | 0 | 31 | 628 |
| ---------- | ---------- | ---------- | ---------- | ---------- |
5. INVESTMENT INCOME
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 1871 | 63 | 0 | 1934 | 1477 |
| Other investment income | 62 | 0 | 0 | 62 | 55 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 1933 | 63 | 0 | 1996 | 118 |
| ---------- | ---------- | ---------- | ---------- | ---------- |
13
CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2023
6. OTHER INCOME
| Unrestricted | Restricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | ||||
| £ | £ | £ | £ | £ | ||||
| Magazines | 0 | 380 | 0 | 380 | 356 | |||
| Total | ---------- | ---------- | ---------- | ---------- | ---------- | |||
| 0 | 380 | 0 | 380 | 356 | ||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||||
| . RAISING FUNDS |
||||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| Funds | Funds | Funds | 2024 | 2023 | ||||
| £ | £ | £ | £ | £ | ||||
| FWO envelopes | 315 | 0 | 0 | 315 | 298 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||||
| Total | 315 | 0 | 0 | 315 | 298 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||||
| . CHARITABLE ACTIVITIES |
||||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| Funds | Funds | Funds | 2024 | 2023 | ||||
| £ | £ | £ | £ | £ | ||||
| General Assembly Assessments | 13,509 | 0 | 0 | 13,509 | 13,461 | |||
| Presbytery fees | 415 | 0 | 0 | 415 | 290 | |||
| Ministry and support staff costs | 15,212 | 0 | 0 | 15,212 | 14,182 | |||
| Congregational running expenses | 20,514 | 3,676 | 0 | 23,830 | 21,167 | |||
| Donations charities |
to | Missions | and | 0 | 19,376 | 0 | 19,376 | 23,877 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||||
| Total | 49,290 | 23,052 | 0 | 72,342 | 72,977 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- |
7. RAISING FUNDS
8. CHARITABLE ACTIVITIES
14
CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2024
9. OTHER EXPENDITURE
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Property Related costs | 0 | 0 | 0 | 0 | 5,450 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 0 | 0 | 0 | 0 | 5,450 |
| ---------- | ---------- | ---------- | ---------- | ---------- |
10. FIXED ASSETS
The congregation owns the Church premises situated at 60 Claggan Road, Cookstown, BT80 9UF, the adjoining Church halls, the Clagan School Building situated at 55 Claggan Road, Cookstown, BT80 9UF and the associated fixtures, fittings, plant and machinery. These have an insurance value of £2,781,222
INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| General Investments | 2,239 | 1,763 |
| ---------- | ---------- | |
| Total | 2,239 | 1,763 |
| ---------- | ---------- |
15
CLAGGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
11. FUND BALANCES
| Fund | Balance at start |
Receipts | Payment | Surplus / (Deficit) |
Transfer | Balance at end |
|---|---|---|---|---|---|---|
| Number 1 Account | £122,688 | £66,154 | £49,605 | £16,549 | £300 | £139,537 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | £122,688 | £66,154 | £49,605 | £16,549 | £300 | £139,537 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted Funds | ||||||
| Number 1 Account - Restricted | £0 | £5,583 | £4,486 | £1,097 | £1,097 | |
| Buildings Account | £88,921 | £15,607 | £0 | £15,607 | £104,528 | |
| Missionary Account | £281 | £12,901 | £12,998 | -£97 | £184 | |
| PW Account | £383 | £2,475 | £2,743 | -£268 | £115 | |
| Sunday School Account | £34 | £113 | £85 | £28 | £62 | |
| Campaigners Account | £682 | £1,823 | £1,767 | £56 | £738 | |
| Events Committee Account | £302 | £40 | £47 | -£7 | £295 | |
| Bowling Club Account | £286 | £280 | £40 | £240 | -£150 | £376 |
| Badminton Club Account | £222 | £190 | £0 | £190 | -£150 | £262 |
| Mums & Tots Account | £446 | £791 | £851 | -£60 | £386 | |
| Catering Committee | £292 | £150 | £34 | £116 | £408 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | £91,849 | £39,953 | £23,051 | £16,902 | -£300 | £108,451 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| ---------- | ----------- | ----------- | ----------- | ----------- | ---------- | |
| Total | £214,537 | £106,107 | £72,656 | £33,451 | £0 | £247,988 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |
16