CARNLOUGH CONGREGATION OF THE pRE5B￿ERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL A￿1VITy (Receipts and Pament5 Account)
for the year ended 315t December 2024
Note
Unrestricted
Funds
Restricted
Fund5
Endowment
Funds
Total
2024
Total
2023
Recei
Donations and legacies
Charita ble activities
Other trading activities
I nvestment Income
Other
30,639
5,078
35,717
32,809
1,606
333
335
308
1,964
36,687
30,971
5,080
36,052
Sale of investments
Sale of fixed assets
Loans received
30,971
5,080
36,052
36,687
Pa
ments
Ra ising funds
Charitable activities
Investment costs
Other
220
38,761
220
47,846
201
32,511
9,085
38,981
9,085
48,066
32,712
Purchase of investments
Purchase of fixed assets
Loan repayments
38,981
9,085
48,066
32,712
Net receipts / Ipaymentsl
Transfer between funds
18,0091
14,0051
112,0141
3,975
Net movement in funds
Funds brought forward
18,0091
76,196
14,0051
14,922
112,0141
91,118
3,975
87,143
Fund5 carried forwa rd
12
68,187
10,917
79,103
91,118

CARNLOUGH CONGREGATION OF THE PRESB￿ERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITY
As at 31st December 2024
Unrestricted
Funds
Restricted
Fund5
Endowment
Funds
Total Funds
2024
Total Funds
2023
Funds reconciliation
Funds balance at start of year
Net movement in funds
76,196
18,0091
14,922
14,0051
91,118
112,0141
87,143
3,975
Funds balance at end of year
68,187
10,917
79,103
91,118
Ban
ndc shBal
nc
Bank Deposit Accounts
Bank Current Accounts
Cash in Hand
79,103
91,118
79,103
91,118
A55
Fixed A55ets- Note 10
Investments- Note 11
Gift Aid receivable on donations
4,268
4,224
4,268
4,224
Llablitie
Loa ns
Approved by rhe Klrk 5esslon at a meetlng on
and signed on its behalf by..
Mr N Mcmullan
Date..
Rev D McGaughey
Date:

CARNLOUGH CONGREGATION OFTHE pREsB￿ER1AN CHURCH IN IRELAND
NOTES TOTHE ACCOUNTS
31st December 2024
I. 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 IAcounts and Reports Regulations (Northern I relandl 2015 to prepa re its accounts on a receipts
and payments basis.
FUND ACCOUNTING
Endowment fund5 a re funds, the ca pital of which must be reta ined 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 lal income from endowments which is to expended only on the restricted purposes intended by
the donor and Ibl revenue donations or grants for a specific congregational activity intended by the donor. Where these
funds have unspent ba la nce5, interest on their pooled investment is apportioned to the individual funds on an average
balance basis.
Unrestricted funds are income fund5 which are to be spent on the congregation's general purposes. Designated fund5 a re
general funds set aside by the congregation for use in the future.
2. DONATIONS AND LEGACIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2024
Total Funds
2023
Recorded giving
Loose collections
Donations and gifts
Gift Aid
Legacies and bequests
24,212
2,354
297
3,777
3,823
28,034
2,354
1,435
3,894
26,109
1,780
1,849
3,070
1,138
118
Total
30,639
5.078
35,717
32,809

CARNLOUGH CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND
NOTES TOTHE ACCOUNT5 {cont'dl
31st December 2024
3. CHARITABLE AcfiviTIE5
Unrestricted
Fund5
Restricted
Funds
Endowment
Funds
Total Funds
2024
Total Funds
2023
I ncome from charitable activities
Fees from weddings and funera15
Fundraising events
Membership fees
Grants received
1.606
Total
1,606
4. OTHER TRADING AcfiviTIES
Unrestricted
Funds
Restricted
Fund5
Endowment
Funds
Total Fund5
2024
Total Funds
2023
Letting of premises
Trading income
Total
5. INVESTMETrif INCOME
Unrestricted
Funds
Restricted
Funds
Endowment
Fund5
Total Funds
2024
Total Funds
2023
Deposit interest
General I nvestment Fund
Rents investment properties
Other investment income
215
118
217
118
215
93
Total
333
335
308

CARNLOUGH CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TOTHE ACCOUNTS {cont'd)
315t December 2024
6. OTHER INCOME
Unrestricted
Funds
Restricted
Fund5
Endowment
Funds
Total Funds
2024
Total Funds
2023
Insurance claims
Other income
1,964
Total
1,964
7. RAISING FUNDS
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2024
Total Fund5
2023
FWO envelopes
Fundraising event5
220
220
201
Total
220
220
201
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Fund5
2024
Total Fund5
2023
General Assembly Assessments
Presbytery Fees
Ministry and support staff costs
Congreg2tional running expenses
Donations to Missions and Charities
Governance costs
1,556
107
20,005
17,093
1,556
107
20,OOS
22,265
3,913
1,276
95
11,931
14,826
4,383
5,172
3,913
Total
38,761
9,085
47,846
32,511

CARNLOUGH CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS Icont'dl
31st December 2024
9. OTHER EXPENDITURE
Unrestricted
Funds
Restritted
Funds
Endowment
Funds
Total Funds
2024
Total Funds
2023
I nvestment properties expenses
Total
10. FIXED ASSETS
The congregation own5 the church building together with the church hall situated at Marine Road, Carnlough and the
associated fixtures, fitting5, plant and machinery. These have a combined insurance va lue of £880,617. The congregation also
owns the manse located at Bay Road, Carnlough with a n insurance value of £442,239. The congregation also owns the church
at Shore Road, Cushendall with an insurance valuatlon of £699,028.
11. INVESTMENTS
2024
2023
Details of the investment as at 31112124
Total

CARNLOUGH CONGREGATION OF THE PRESBYfERIAN CHUROI IN IRELAND
NOTE5 TO THE ACCOUNTS Icont'dl
31st December 2024
12. FUND BALANCES
Balance at
start
Receipts
Payments
Surplus I
(Deficit)
Tronsfer
Balance
at end
Unrestricted Funds
General Account
76,196
30,971
38,981
18.0091
68,187
Total
76,196
30,971
38.981
18,0091
68,187
ReSir1￿ed Fun
Property Fund
Sunday School
Church Field
pw
Mission
6,415
1,616
6,296
596
1,002
4,408
584
13,4061
15831
50
1661
3,009
1,033
6,346
529
50
1,139
2,888
1,205
2,888
Total
14,922
5,080
9,085
14,0051
10,917
End
Bequest Fund
Total
Total
91,118
36,052
48,066
112,0141
79,103