an DERVOCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY IRecelpts and Paymènts Account) Forthe year ended 31 December 2024 Note Unrestrlrted Funds Restrlcted Funds Endowment Funds Total Funds 2024 Total Funds 2023 Income and Endowment$ from: Donatlons and legacies Charitable actlvltles Other tradin8 activities Investments Other Total 76.684 4,299 27.862 1,430 104,546 5,729 98,821 7,983 1,339 3.197 85.519 7.636 8,975 11,152 130,402 7,385 440 114,629 7,955 ) 7,955 36,928 Expendlture on: R3isin8 funds Charitable actlvltles Other Total Net Ir)comè/lexpendlturel Transfers between frjnds Net movement In funds 12991 193.6481 12991 {126.5921" 1871 (126.9781 3.424 12861 1100,9371 19761 1102,1991 12.430 132,9441 1871 133,0311 3,897 21.240 25,137 193,9471 18,4281 1,2311 19.6591 7,955 20,0091 {12,0541 3,424 12,430 Recon¢lllatlon of fund$; Total funds brought forward io 71.670 155,281 218,000 444,951 432,521 Total funds carried forward io 62.011 180,418 205,946 448.375 444,9SI
an DERVOCK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 DecembÈr 2024 Fixed A55ets The congregation owns the church premises and manse situated at Carncullagh Road, Dervock and the assoclated fixtures and fittings. These have a valuation of £2,014.996. Investments Durlng the year the church sold 1.449 shares held withln PCI General Investment Fund. The proceeds of these amounted to £20.008.52. At the end of the year the value of the remalnlng in¥estmÈnts held with the PCI General Investment Fund amounted to £336,754. Amounts owed At the end of the year the followlng amounts We owed to the congregatlon. 2024 2023 Glft Aid 10,695 10,695 11.858 11,858 Cash and bank balan¢ 2024 2023 General Account 8ulldlng and Development Attount Misslonary Account Presbytèrian Women Account Shine Children's Group Sunday School Account Wednesday Fellowshlp Club Youth Club Account Total 77,823 34.554 82,207 16,921 2,123 368 1.405 123 998 117,401 2.359 276 1.087 78 1,473 104,408 Amounts owed 2024 2023 Ulster Bank Loan Accountancy 3,483 1,200 4,683 1,200 1,200 Approved on behalf of the Kirk Session on and signed by John Surgenor Rev Campbell Mulvenny Trustee Trustee
an DERVOCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS A5 thÈ total Income of the congregation is less than £250,OCKJ the congregatlon have elected In accordance wlth the provSsions in The CharltiÈs Accounts and Reports Regulations {Northem Ireland) 2015 to prepare Its accounts on a recelpts nd payments basls. FUND ACCOUNTING Endowment ftjnds are fund5, the copftal of which must be retained elther permanently or at the congregation's dlscretion,, the it)come derived from the endowment is to bo used either as restricted or unrestritted income lunds dependlng upon the purpose for whlch the endowment was established In the first place. Restricted funds comprlse lal Income from endowments which Is to be expended only on the restricted purposes intended by the donor and Ibl revenue donations or grants for a specific con8re8atlonal actlvlty intended by the donor. Where these funds have unspent balances, interest on thelr pooled Investment is apportioned to the indivldual funds on an average basis. Unrestricted funds are income funds whlch are to be Spent on the congregatlon's 8eneral purposes. Designated funds are general fund5 set aside by the congregatlon for use In the fvture. DONATIONS AND LEGACIES Unrestrirted Funds Restricted Funds Endowment Funds Total Funds 2024 Total Funds 2023 Recorded glvin8S Loose tollections Donatlon$ and glfts Gift Aid Legacies and Bequests 64,854 1.044 1,590 9,196 15,810 975 1.829 3.248 6,000 27,862 80.664 2,019 3,419 12.444 6,000 104,546 80,906 1.747 4,176 11,992 76.684 98,821 CHARITABLE ACTIVITIES Unrestrirted Fund5 Restrkted Funds Endowment Funds Total Funds 2024 Total Funds 2023 Income from charitable activltles 4.299 4,299 1.430 1.430 5,729 5.729 7,983 7,983 10
Presbyter an DERVOCK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) OTHER TRADING ACTIV171ES Unrestrirted Funds Restricted Funds Endowment Fund5 Total Funds 2024 Total Funds 2023 Fundraising events Letting of prerTtlses INVESTMENTS Unrestrlcted Funds Restricted Funds Endowment Funds Total Funds 2024 Totsl Funds 2023 Bank Interest received Dlvidend5 rece¢ved from Snvestments 753 586 42 7.594 795 8,180 735 6.650 1,339 7.636 8.975 7,385 OTHER INCOME Unrestricted Funds Restrlrted Funds Endowment Funds Total Funds 2024 Total Funds 2023 Gain on Sale of PCI shares Income from PCI shares 7,955 7,955 3,197 11,152 440 3,197 3,197 7,955 440 RAISING FUNDS Unrestrlcted Funds Restrlcted Funds Endowment Funds Totsl Funds 2024 Total Funds 2023 FWO envelopes 299 299 299 299 286 286 CHARITABLE AcnviTES Unrestrlcted Funds Resirkted Funds Erxlowment Fund$ Total Fund5 2024 Total Funds 2023 General Assembly A55essments Presbytery fees Mlnlstry and support staff costs Congregational running expenses Donatlons to mlsslon5 and charities Governance costs 7.996 554 59.795 18,461 5,597 1.245 93.648 7,996 554 59.795 42,623 14,301 1,323 126,592 8.063 533 S7,189 20,485 13,348 1,319 100,937 24.162 8,704 78 32,944 li
an DERVOCK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS ICont'd} OTHER EXPENDITURE Unrestricted Funds Restrlcted Funds Endowrnent Funds Total Funds 2024 Tot81 Funds 2023 Loan Interest 87 87 87 976 976 87 10. FUND BALANCES Unrestrlrted Fund5 2024 2023 General fund 62,011 62,011 71,670 71,670 Restrlcted Funds 2024 2023 Bulldln8 repalrs and malntenance hjnd Mi$51onary Fund United Appeal New Kitchen Fund Misslon Focus Presbyterian Women Shlne Children's Group Sunday School Tear Fynd Wednesday Fellowshlp Youth Club 158.528 133,825 2.381 14,407 1,691 14,407 2.198 368 1.405 2,434 276 1,086 123 998 180,418 78 1,474 155.281 Endowment Funds 2024 2023 Endowment fund 205,946 205.946 218,000 218,DOO 12
an DERVOCK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {ConVdl 10. FUND BALANCES (Convd) Reconciliatlon of movement of funds Openin8 balance Incolne Expenditure Transfer Closlng balance Unrestricted Fund5 General fiind 71,670 71.670 85,519 85.519 (93.947) 193,947) 11,2311 11,2311 62.011 62,011 Restrlcted Funds Buildin& repalrs. and maintenance fund Mi$51onary Fund United Appeal New Kltchen Fund Mlssion Focus Presbyterlan Women Shine Chlldren's Group Sunday School Tear Fund Wednesday Fellowshlp Youth Club 133,825 25.895 121.201} 20.009 158,528 1.691 14.407 6,756 {6.0661 2,381 14,407 213 1,431 239 1,149 920 325 12131 (1,3671 11471 11,7161 19201 12201 11,1811 133,0311 2.434 276 1.086 13001 2,198 368 1,405 886 78 1,474 155,281 1601 705 21.240 123 998 180.418 36,928 Endowment Funds Endowment Fund 218.000 218,000 7,955 7,955 120,0091 120,0091 205,946 205,946 Total 444,951 130.402 1126,9781 448,375 13