an CARLAND PRESBYTERIAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 86636 86636 5159 1471 384 82183 3879 1213 335 1200 5159 1471 384 Sale of Investments Sale of fixed assets Loans Received Total Receipts 88491 5159 93650 88810 Payments Raising funds Charitable activities Investment costs Other 425 50324 50 16724 475 67048 64 73971 24995 8538 33533 4262 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 75744 16774 8538 101056 78297 13091 1114881 1117971 309 11488 11797 Net receipts / {payment51 Transfers between funds 151 182 151 7406 136) 10513 Net movement in fund5 950 185381 Funds BrOUht forward 88991 2409 31838 123238 1127DI Funds carried forward 12 89941 2586 23300 115827 123238 12
an CARLAND PRESBYfERIAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restrlcted Endowment Fund5 Fund5 Total Funds 2024 Total Funds 2023 Funds Reconcillation Bank and Cash at start of year Net movement in funds 88991 950 2409 177 31838 {85381 123238 17411) 112761 10477 Bank and Cash at end of year 89941 2586 23300 115827 123238 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 115827 123238 115827 123238 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Insurance Value Investments- Note 11 Gift Aid receivable on donations 2282634 2173936 2282634 2173936 Liabilities Loans Other Approved by the Kirk Session at a meeting on P71 l¥ and signed on its behalf by [Name] IName [Datel Of&(cL M(plLSrf [Date] 16LW &Lr /6h s¥K 7ubr 13
Presbyter an CARLAND PRESBYfERIAN 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 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 (al income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donation5 or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled nvestment 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 Endowmen Funds Funds Total 2024 Total 2023 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 69393 1624 530 15089 69393 1624 530 15089 63663 2685 930 14904 86636 86636 82183 l¥ 15
Presbyter an CARLAND PRESBYfERIAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestrirted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Income from charitable activities Fees from and funerals Fundraising events Membership fees Grants 2659 2000 2659 2000 3379 500 Bowling Club 500 500 5159 5159 3879 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Use of Church Hall Donations Letting of premises Trading income 200 656 615 200 656 615 654 559 1471 1471 1213 INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment properties Other investment income 384 384 335 384 384 335 16
Presbyter an CARLAND PRESBYfERIAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Insurance claims Other income 1200 1200 RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 FWO envelopes Fundraising events 305 120 305 170 50 64 425 50 475 64 CHARITABLE ACTIVITIES Unrestricted Fund5 Restricted Endowment Funds Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support Staff costs Congregational running expenses Donations to Missions and charities Governance costs 10462 559 27412 11621 50 10462 559 27412 12024 16371 10707 428 24655 23334 13706 403 16321 220 220 1141 50324 15724 67048 73971
Presbyter an CARLAND PRESBYfERIAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Gift for New Manse Utilities 21462 3533 8538 30000 3533 4262 24995 8538 33533 4262 10. FIXED ASSETS The congregation own5 the Church premises situated at Gortnaglush Road Dungannon and the associated fixtures, fittings, plant and machinery. These have an insurance value of £2282634 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 General Investment Fund Property Manse Land rented p rivately Other investment5 27844 620 50648 620 29937 29937 58401 81205 19
Presbyter an CARLAND PRESBYfERIAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Deficit) Balance at end Unrestricted Funds General No l Account 88991 88491 75744 (11797) 89941 88991 88491 75744 111797) 89941 Restricted Funds Sunday School Project 2024 PW Missionaries Lannons Mission and Charities Sunday School Account Sanctuary Fellowship Account Presbyterian Woman Bowling Club 373 500 373 500 11488 360 168 3680 205 11488 75 354 1161 819 360 (37) 38 186 1261 1101 3471 455 309 32 2409 5159 16774 (5) 11797 2586 Endowment Funds McAllister Fund Various Accounts 14387 17451 14387 8913 8538 31838 8538 23300 Total 123238 93650 101056 {51 115827 20