## **DROMORE PRESBYTERIAN CHURCH. A 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|39621|7721|-|47342|51308|
|Charitable activities|3|-|59|-|59|14|
|Other trading activities|4|1779|950|-|2729|1701|
|Investment Income|5|1336|3022|1643|6001|1799|
|Other|6|5245|400|-|5645|5899|
|||----------|----------|----------|----------|----------|
|||47981|12152|1643|61776|60721|
|Sale of Investments||-|-|-|-|-|
|Sale of fixed assets||-|-|-|-|-|
|Loans Received||-|-|-|-|-|
|||----------|----------|----------|----------|----------|
|**Total Receipts**||47981|12152|1643|61776|60721|
|||----------|----------|----------|----------|----------|
|**Payments**|||||||
|Raising funds|7|260|210|-|470|262|
|Charitable activities|8|23836|9513|-|33349|31176|
|Investment costs||145|101|-|246|265|
|Other|9|-|-|-|-|-|
|||----------|----------|----------|----------|----------|
|||24241|9824|-|34065|31703|
|Purchase of Investments||-|-|-|-|-|
|Purchase of fixed assets||-|-|-|-|-|
|Losses on PMS Monies||-|-|-|-|-|
|||----------|----------|----------|----------|----------|
|**Total Payments**||24241|9824|-|34065|31703|
|||----------|----------|----------|----------|----------|
|Net receipts / (payments)||23740|2328|1643|27711|29018|
|Transfers between funds||1643|-|-1643|-|-|
|||----------|----------|----------|----------|----------|
|Surplus/(Deficit) of||25383|2328|0|27711|29018|
|Receipts over Payments|||||||
|||======|======|======|======|======|
1
## **DROMORE PRESBYTERIAN CHURCH. A CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES**
## **As at 31 December 2024**
|**As at 31 December 2024**||||||
|---|---|---|---|---|---|
||**Unrestricted**|
**Restricted**|**Endowment**|**Total**|**Total**|
||**Funds**|
**Funds**|**Funds**|**Funds**|**Funds**|
|||||**2024**|**2023**|
||£|
£|£|£|£|
|**Bank and Cash Reconciliation**||||||
|Bank and Cash at start of year|89435|
124012|29600|243047|214029|
|Net movement in funds|25383|
2328|-|27711|29018|
||----------|
----------|----------|----------|----------|
|Bank and Cash at end of year|114818|
126340|29600|270758|243047|
||======|
=======|=======|=======|=======|
|**Bank & Cash Balances**||||||
|Bank Deposit Accounts||||29600|29600|
|Bank Current Accounts|||||213447|
|||||241158||
|Cash in Hand||||-|-|
|||||----------|----------|
|||||270758|243047|
|||||=======|=======|
|**Other Assets**||||||
|Fixed Assets – Note 10||||-|-|
|- Church Premises||||-|-|
|- Fixtures, Fittings & Equipment||||-|-|
|- Vehicles||||-|-|
|Investments – Note 11||||11710|11181|
|Gift Aid receivable on donations||||-|-|
|||||----------|----------|
|||||11710|11181|
|||||=======|=======|
|**Liabilities**||||||
|Loans||||-|-|
|||||-----------|----------|
|||||-|-|
|||||=======|=======|
|**Total Assets**||||282468|254228|
|||||=======|=======|
|Approved by the Kirk Session at a meeting on 24/02/2025 and signed on its behalf by||||||
|[Name]**John Virtue**||[Name]**Lynden**|**Keys**|||
|[Date]**24/02/2025**||[Date]**24/02/2025**||||
2
## **DROMORE PRESBYTERIAN CHURCH. A 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 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**
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:||||||
|Loose collections|1376|1327|-|2703|3231|
|Donations and gifts|31390|5159|-|36549|34475|
|Gift Aid|6855|1235|-|8090|8602|
|Legacies and bequest|-|-|-|-|5000|
||----------|----------|----------|----------|----------|
||39621|7721|-|47342|51308|
||----------|----------|----------|----------|----------|
3
## **DROMORE PRESBYTERIAN CHURCH. A 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||||||
|Fees from weddings and funerals|-|-|-|-|-|
|Fundraising events|-|59|-|59|14|
|Membership fees|-|-|-|-|-|
|Grants|-|-|-|-|-|
||----------|----------|----------|----------|----------|
||-|59|-|59|14|
||----------|----------|----------|----------|----------|
|**4. OTHER TRADING ACTIVITIES**||||||
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**2024**|**2023**|
||£|£|£|£|£|
|Letting of premises|1779|-|-|1779|1451|
|Trading income|-|950|-|950|250|
||----------|----------|----------|----------|----------|
||1779|950|-|2729|1701|
||----------|----------|----------|----------|----------|
|**5. INVESTMENT INCOME**||||||
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**2024**|**2023**|
||£|£|£|£|£|
|Deposit interest|1336|3022|1366|5724|1581|
|General Investment Fund|-|-|277|277|218|
|Rents investment properties|-|-|-|-|-|
|Other investment income|-|-|-|-|-|
||----------|----------|----------|----------|----------|
||1336|3022|1643|6001|1799|
||----------|----------|----------|----------|----------|
4
## **DROMORE PRESBYTERIAN CHURCH. A CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)**
## **31 December 2024**
## **6. OTHER INCOME**
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2024**|**2023**|
||£|£|£|£|£|
|Insurance claims|-|-|-|-|-|
|Other income|5245|400|-|5645|5899|
||----------|----------|----------|----------|----------|
||5245|400|-|5645|5899|
||----------|----------|----------|----------|----------|
## **7. RAISING FUNDS**
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2024**|**2023**|
||£|£|£|£|£|
|FWO envelopes|260|-|-|260|245|
|Fundraising events|-|210|-|210|17|
||----------|----------|----------|----------|----------|
||260|210|-|470|262|
||----------|----------|----------|----------|----------|
|**.**
**CHARITABLE ACTIVITIES**||||||
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**2024**|**2023**|
||£|£|£|£|£|
|General Assembly Assessments|2655|-|-|2655|2537|
|Presbytery fees|239|-|-|239|258|
|Ministry and support staff costs|11061|-|-|11061|10686|
|Congregational running expenses|9461|3175|-|12636|12196|
|Donations to Missions and|-|6338|-|6338|5115|
|charities||||||
|Governance costs|420|-|-|420|384|
||----------|----------|----------|----------|----------|
||23836|9513|-|33349|31176|
||----------|----------|----------|----------|----------|
## **8. CHARITABLE ACTIVITIES**
5
## **DROMORE PRESBYTERIAN CHURCH. A 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**|
||£|£|£|£|£|
|Investment properties expenses|-|-|-|-|-|
||----------|----------|----------|----------|----------|
||-|-|-|-|-|
||----------|----------|----------|----------|----------|
## **10. FIXED ASSETS**
The congregation owns the Church premises situated at 50 Crawfords Lane, Dromore Co Tyrone and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,554,712. It also jointly owns the manse at Dooish Road Dromore with an insurance value of £595,353. The congregation owns 4.48 hectares of farmland at Dooish Road Dromore with an agricultural value of £100,000. It is held for the benefit of the minister.
## **11. INVESTMENTS**
The congregation has the following investments. Amounts are shown at market valuation.
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|General Investment Fund|11710|11181|
|Property|-|-|
|Other investments|-|-|
||----------|----------|
||11710|11181|
||----------|----------|
6
## **DROMORE PRESBYTERIAN CHURCH. A CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)**
## **31 December 2024**
## **12. FUND BALANCES**
|**Fund**|**Balance at**|**Receipts**|**Payment**|**Transfer**|**Deduct**|**Balance**|
|---|---|---|---|---|---|---|
||**start**||||**Non-Cash**|**at end**|
||||||**Funds**|**31/12/24**|
||£|£|£|£|£|£|
|**Unrestricted Funds**|||||||
|General Fund|89435|47981|24241|1643|-|114818|
||----------|----------|----------|----------|----------|----------|
||89435|47981|24241|1643|-|114818|
||----------|----------|----------|----------|----------|----------|
|**Restricted Funds**|||||||
|Repairs & renovations|106195|4408|1404|-|-|109199|
|Catering|3356|-|210|-|-|3146|
|Missions|2184|6276|6325|-|-|2135|
|Graveyard|9271|1091|1440|-|-|8922|
|Sunday school|596|344|445|-|-|495|
|Bowls club|2410|33|-|-|-|2443|
||----------|----------|----------|----------|----------|----------|
||124012|12152|9824|-|-|126340|
||----------|----------|----------|----------|----------|----------|
|**Endowment Funds**|||||||
|Deposit account - General|29600|1366|-|-1366|-|29600|
|General investment fund -|-|188|-|-188|-|0|
|General|||||||
|General investment fund -|-|89|-|-89|-|0|
|Stipend|||||||
||----------|----------|----------|----------|----------|----------|
||29600|1643|-|-1643|-|29600|
||----------|-----------|-----------|-----------|-----------|----------|
|Total|243047|61776|34065|-|-|270758|
||----------|----------|----------|----------|----------|----------|
The congregation has reviewed the basis on which it prepares its accounts and in order that these are prepared on a strict receipts and payments basis it has eliminated from its fund balances any funds which are not held in bank or cash balances. Any other funds which the congregation holds, in particular investments, are disclosed on the Statement of Assets and Liabilities.
7