CUNNINGHAM MEMORIAL CONGREGATION OF THE pREsB￿ER1AN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY
FOR YEAR ENDED 31 DECEMBER 2024
NOTES UNRESTRicfED
FUNDS
REsfRICtED
FUNDS
ENDOWMENT
FUNDS
TOTAL
2024
TOTAL
2023
Income and endowments from
Donations & legacies
Charitable activities
Other trading activities
Investments
Other income
Total
183,927
1,514
7,916
3.479
96,565
4,612
280,492
6,126
7,916
4,688
269,972
2,603
10,698
762
1,209
196,836
102,386
299,222
284,035
Expenditure on:
Raising funds
Charitable activities
Total
2,000
160,672
162.672
2,000
243,867
245,867
2,080
287,359
289,439
83,195
83,195
Repayment of loans
Net income/{expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds..
Total funds brought forward
34.164
12,028)
32,136
19.191
2,028
21,219
53,355
15,4041
53,355
15,4041
723.418
8.453.780
8.800
9,185,998
9,191,402
Totsl funds carried fonyard
755.554
8.474,999
8,800
9.239,353
9.185,998
io

CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
BALANCE SHEET
AS AT 31 DECEMBER 2024
NOTE! UNRESTRicfED
FUNDS
REsTricfED
FUNDS
ENDOWMENT
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
FIXED ASSErs
Tangible assets
Total fixed assets
li
512,340
512.340
8,325,262
8,325.262
8,837,602
8,837,602
8,837,602
8,837.602
CURRENT ASSETS
Debtors
Cash at bank and in hand
Total current assets
12
13
38,795
209.516
248,311
13,706
138.434
152,140
52,501
356,750
409,251
47,550
310.586
358,136
8,800
8,800
LIABILITIES
Cred itors: amounts falling
due within one year
14
5.097
2.403
7,500
9,740
Net current assets or
243,214
149,737
8,8CMJ
401,751
348,396
Total net assets or
liabilities
755.554
8.474.999
8.800
9,239,353
9,185.998
FUNDS OF THE CHARITY
Unrestricted income funds
Restricted income funds
Endowment funds
Total charity funds
15
15
15
755,554
755,554
8,474,999
8,800
9,239,353
723,418
8,453,780
8,800
9,185,998
8,474,999
8,800
8,800
755,554
8,474,999
Approved by the Kirk Session at a meeting on 7 April 2025 and signed on its behalf by
Kl d piJUla
Name: Rev Noel Mullholland
Date:
Name: Mr Colln Hutchln50n
Date: X .Li. Ir
lI￿lL5
li

CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of financial statements
The financial statements have been prepared in accordance with Accounting and
Reporting by Charities-statements of Recommended Practice applicable to charities
preparing their accounts in accordance with Financial Reporting Standard applicable
in the UK and Ireland (FRS1021 (effective l January 2015).
The financial statements have been prepared under the historical cost convention
except for investment assets, which are shown at market value. The financial
statements include all transactions, assets and liabilities for which the congregation is
responsible in law. They do not include the accounts of church groups that owe their
affiliation to another body, nor those that are informal gatherings of church members.
Fund accounting
Restricted funds comprise revenue donations or grants for a specific congregational
activity intended by the donor. Where these funds have unspent balance, interest
on their pooled investment is apportioned to the individual funds on an average 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.
Income resources
Reco
nition of incomin
These are included in the Statement of Financial Activities (SOFA) when-
the congregation becomes entitled to the resources;
the trustees are virtually certain they will receive the resources- and
the monetary value can be measured with sufficient reliably.
resources
Incomin
resources with related ex
enditure
Where incoming resources have related expenditure {as with fundraising income) the
incoming resources and related expenditure are reported gross in the SOFA.
Grants and donations
Grants and donations are only included in the SOFA when the congregation has
unconditional entitlement to the resources.
Tax reclaims on donations and
ifts
Incoming resources from tax reclaims are included in the SOFA at the same time as
the gift to which they relate.
Contractual income and erformance related
rants
This is only included in the SOFA once the related goods or services have been delivered.
12

CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
ACCOUNTING POLICIES- CONT'D
Ivil
Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or
the amount actually realised and are included in the SOFA as incoming resources
when receivable.
Iviil
Donated services and facilities
These are only included in incoming resources {with an equivalent amount in resources
expended) where the benefit to the charity is reasonably quantifiable, measurable and
material. The value placed on these resources is the estimated value to the charity of
the service or facility received.
Volunteer hel
The value of any voluntary help received is not included in the accounts but is
described in the trustees, annual report.
Investment income
This is included in the accounts when receivable.
Expenditure and liabilties
Ixl
Liabilit
nition
Liabilities are recognised as soon as there is a legal or constructive obligation
committing the congregation to pay out resources.
reco
Governance costs
These are shown within charitable activities and include the costs of preparation and
examination of accounts, the costs of trustee meetings and cost of any legal advice
to trustees on governance or constitutional matters.
Grants
able without erformance conditions
These are only recognised in the accounts when a commitment has been made and
there are no conditions to be met relating to the grant which remain in the control of
the charity-
13

CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
ACCOUNTING POLICIES- CONT'D
ASSETS
Tan
ible fixed assets
Details of historic costs of this class of asset is not available. This being the case all assets have
been included in the balance sheet at valuation. No depreciation has been provided on these
assets as the current estimated residual value is not less than the carrying value and the
remaining useful life currently exceeds 50 years. Tangible assets are de-recognised on disposal
or when no future economic benefits are expected. On disposal, the difference between the
new disposal proceeds and the carrying amount is recognised in the statement of financial activities
and included in 'other operating gains/(losses)" In the future any fixed asset additions will be
recognised at cost and depreciated at rates to write off their cost, less estimated residual value,
over their expected useful life. The Trustees have agreed that any fixed asset addition with a
value of less than £5,000 does not need to be shown as assets and will simply be written off
as expenditure in the year of purchase.
DONATIONS AND LEGACIES
UNRESTRicfED
FUNDS
RESTRicfED
FUNDS
ENDOWMENT
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Recorded giving
Loose collections
Donations and gifts
Gift aid
148,051
4,607
4,935
26,334
183,927
69,465
12,591
1,221
13,288
96,565
217,516
17,198
6,156
39,622
280,492
207,003
16,173
7,389
39,407
269,972
CHARITABLE ACTIVITIES
UNRESTRicfED
FUNDS
RESTRicfED
FUNDS
ENDOWMENT
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Organisation income
Sale of study books etc
Membership fees
3,470
3,470
1,514
1,142
6,126
248
1,476
879
2,603
1514
1,142
4.612
1,514
14

CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
OTHER TRADING ACTIVITIE5
UNRESTRicfED
RESTRicfED
ENDOWMENT
TOTAL
TOTAL
FUNDS
FUNDS
FUNDS
FUNDS
2024
FUNDS
2023
Letting premises
Rental income
590
7.326
7,916
590
7,326
7,916
loo
10,598
10,698
INVESTMENT INCOME
UNRESTRICTED
FUNDS
RESTRICTED
FUNDS
ENDOWMENT
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Bank interest
Income from bequests
3,457
22
3,479
1,209
4,666
22
4,688
745
17
762
1,209
OTHER INCOME
UNRESTRicfED
FUNDS
RESTRicfED
FUNDS
ENDOWMENT
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Grant income received
Other interest received
RAISING FUNDS
UNRESTRICTED
FUNDS
RESTRICTED
FUNDS
ENDOWMENT
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
FWO envelopes
2.000
2,000
2,000
2,000
2,080
2,080
15

CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
CHARITABLE ACTIVITIES
UNRESTRicfED RESTRicfED ENDOWMENT
TOTAL
TOTAL
FUNDS
FUNDS
FUNDS
FUNDS
2024
FUNDS
2023
General assembly
assessments
Presbytery fees
Ministry and support
staff costs
Congregational running
expenses
Donations to Missions
and charities
Governance costs
16,789
764
16,789
764
18,119
847
94,932
94,932
96,191
42,735
38,044
80,779
85,780
2,525
1,620
44,991
47,516
1,620
47,919
1,560
32,663
4,280
287,359
Loss on disposal property
Purchase of equipment
1,307
160.672
160
83.195
1,467
243.867
16

CUNNINGHAM MEMORIAL CONGREGATION OF THE pRE5B￿ERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
EMPLOYEES
Em
lo
ment costs
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Wages and Salaries
Pension contributions
66,739
44,519
66,739
44,519
Numberof em
lo
ees
The average number of employees, including the minister of the congregation, during the
year was..
2024
2023
Average number of employees
There we no employees in receipt of employee benefits in excess of £60,000.
The minister and the assistant minister of the congregation are employees of the Presbyterian Church in Ireland,
which is a separate charity and has not been reflected in the employee costs above.
The congregation pays an assessment to the Presbyterian Chuch in Ireland for the minister and a5SlStant minister.
The following payments were made during the year:
2024
2023
Minister stipend
Assistant stipend
46,220
9,135
55.355
44,519
44.519
17

CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
io
PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension
Scheme12009). This is a scheme operated by the Presbyterian Church in Ireland, a
separate registered charity. The congregation pays an assessment to the Presbyterian
Church in Ireland equivalent to the employer's pension contribution for the Scheme and
based on the stipend paid to the minster. The Presbyterian Church in Ireland Pension
Scheme {2009) is a funded scheme of the defined benefit type, providing defined benefits
based on career average revalued salary. The scheme has assets held in a separately
administered fund managed by a board of trustees. The Presbyterian Church and the
Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded
to meet current and future obligations. A formal schedule of contributions was drawn up
on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December
2015 contributions of 24Yo of pensionable salaries to cover the accrual of benefits for future
service, expenses, the cost of insuring death in service benefits and funding the scheme
deficit.
The contributions made by the congregation during the year were:
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Contributions
11,093
10,828
The congregation contributes to a defined contribution pension scheme for its other
employees. The scheme and its assets are held by the National Employment Savings
Trust Corporation INESTI. The pension charge represents the contributions due from the
congregation during that year.
TOTAL
TOTAL
FUNDS
2024
FUNDS
2023
Contributions
263
18

CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
li
TANGIBLE FIXED ASSETS
LAND &
BUILDINGS
EQUIPMENT
TOTAL
COST OR VALUATION
At start of year
Additions
Disposals
8.625.262
212,340
8,837,602
At end of year
8,625.262
212,340
8,837,602
DEPRECIATION
At start of year
Provision for year
Disposals
At end of year
NET BOOK VALUE
At start of year
8,625,262
212,340
8,837,602
At end of year
8.625.262
212,340
8,837,602
12
DEBTORS
2024
2023
Gift aid recoverable
Prepayments
Other debtors
39,622
12,879
39,407
8,143
52,501
47,550
19

CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
13
CASH AT BANKAND IN HAND
2024
2023
No l Account
Bowling Club
Bowling Club Cash on Hand
No 2 Account
Fixed Term Deposit 2
Business Reserve 2
Catering
Endowment Fund
Fit For Life
Friendship Hour
Fixed Term Deposit I
Business Reserve I
22,739
699
59
13,707
50,755
55,082
13,203
8,800
227
181,750
1,296
59
96,882
13,218
8,800
235
101,510
80,119
440
2,064
5,357
1,465
524
Parents & Toddlers
pw
Sportsplus
Sunday School
Youth Fellowship
496
1,199
5,836
615
200
356,750
310,586
14 CREDITORS: amounts falling due within one year
2024
2023
Trade Creditors
Accruals
Other creditors
3.982
3,020
498
7,500
7,024
1,560
1,156
9,740
20

CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
15
FUND BALANCES AND RECONCILIATION OF FUNDS
BALANCE
INCOME
EXPENDITURE TRANSFER
BALANCE
AT START
AT END
UNRESTRICTED FUNDS
General fund
Property fund
223,418
500.000
196,836
(162,672)
12,028)
255,554
500,000
723,418
196,836
1162,672)
12,0281
755,554
RESTRicfED FUNDS
Property
Building & Repairs
United Appeal & Mission
Harvest Collection
Harvest Event Collection
Sunday School
Friendship Hour
Sportsplus
Parents & Toddlers
pw
Youth Fellowship
Midweek
Catering
Bowling Club
Fit For Life
180 Men
8,325,262
103,901
123
8,325,262
124,859
42
50,375
24,417
4.853
2,125
1,317
1,737
126
1,016
4,232
129,417)
124,498)
{4,853}
{2,225}
{1,468)
{2,357}
1605)
{1,073}
{2,838)
1416)
1208)
115)
1898)
1309)
1765)
{2,910}
{1,611}
1979)
1910)
{2.775}
1405)
1559)
1191)
1910)
loo
1,000
385
616
235
5.836
497
1,314
199
602
13,218
1,356
1,465
5.357
440
2,708
284
394
13,203
758
227
500
3CKI
536
725
40
World Development Appeal
Presbyterian Childrens Society
Royal British Legion
Sam Hutchinson
ECM
Black service
CEF
One Mission Society
Belfast City Mission
475
25
2.435
1,586
979
907
2.654
405
559
191
910
121
8,453,780
102,386
183,195)
2,028
8,474,999
ENDOWMENT FUNDS
Endowment fund
8.800
8,800
8.800
8,800
TOTAL FUNDS
9,185,998
299,222
1245,867)
9,239,353
21

CUNNINGHAM MEMORIAL CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
16 RELATED PARTY TRANSAcfioN
One of the Trustees, the minister of the congregation received remuneration of £46,219.56 and
expenses of £7,036 for acting in that capacity. Pension contributions of £11,092.75 were paid
by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension
Scheme12009).
During the year the congregation contributed the following amounts to Funds of the General
Assembly of the Presbyterian Church in Ireland a separate charity:
£16,789 for congregational assessments
£24,497.50 towards the United Appeal
The congregation contributed £764 towards Presbytery Assessments during the year.
There were no other related party transactions.
22