an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestrirted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 196,350 1,750 2,800 40 355 20,545 1.677 750 216,894 3.427 3,550 640 355 57,499 2,250 3,550 421 587 599 Total Receipts 201,295 22,972 599 224,866 64,308 Payments Raising funds Charitable activities 373 49,661 373 58,589 315 47,418 8,928 Total Payments 50,034 8,928 58,962 47,733 Net receipts / (payments) Transfers between funds 151,262 701 14,044 (701) 599 165,904 16,574 Net movement in funds Funds brought forward 151,963 7,555 13,343 76,541 599 31,846 165,904 115,943 16,574 99,368 Funds carried forward 10 159,518 89,884 32,445 281,847 115,943
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestrirted Funds Restricted Endowment Funds Funds Total Funds 2024 Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 7,555 151,963 76,541 13,343 31,846 599 115,943 165,904 99,368 16,574 Bank and Cash at end of year 159,518 89,884 32,445 281,847 115,943 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 32,445 249,402 31,846 84,023 74 281,847 115,943 Other Assets Fixed Assets - Note 9 3,834,549 3,397,164 Approved by the Kirk Session at a meeting on 1911212025 and signed on its behalf by [Norman Blackl . 119/12/25] [19/12/25]
an SANDHOLES 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}I 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 la) 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. DONATIONS AND LEGACIES Unrestrirted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequest 30,662 2,653 100 17,689 2,786 70 48,351 5,439 170 50,512 6,987 162,935 162,935 196,350 20,545 216,894 57,499
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestrirted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Fees from funerals Fundraising events Grants 1,750 1,750 1,677 2,250 1,677 1,750 1,677 3,427 2,250 OTHER TRADING AcrivrriES Unrestrirted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Letting of premises 2,800 750 3,550 3,550 2,800 750 3,550 3,550 INVESTMENT INCOME Unrestrirted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Deposit interest General Investment Fund Other investment income 40 40 599 27 395 599 40 599 640 421
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2024 OTHER INCOME Unrestricted Funds Restrirted Funds Endowment Funds Total 2024 Total 2023 Other income 355 355 587 355 355 587 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 FWO envelopes 373 373 315 373 373 315 CHARITABLE AcfiviTIES Unrestricted Funds 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 9,494 302 30,686 9,179 9,494 302 30,686 15,760 2,347 6,736 259 19,537 17,389 3,497 6.581 2,347 49,661 8,928 58,589 47,418
an SANDHOLES CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2024 FIXED ASSErs The congregation owns the Church premises situated at 8 Kiltyclogher Road, Cookstown, BT80 9AU and the associated fixtures, fittings. plant and machinery. These have an insurance value of £3,834,549 at the last renewal (31st October 2024). 10. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Deficit) Balance at end Unrestrirted Funds General 7,555 201,295 {50.034) 151,262 701 159,518 7,555 201,295 (50,034) 151,262 701 159,518 Restricted Funds Sunday School United Appeal*¥E Mission pw Repair Presbyterian Mutual 500 1,483 (781) 701 (701) 500 2,977 2,151 70,913 3,246 2,831 15,412 (1,243) {1,639) {5.264) 2,003 1,192 10, 148 4,980 3,343 81,061
76,541 22,972 {8,928) 14,044 (7011 89,884 Endowment Funds
Royal Bank of Scotland Bequests 15,000 16,846 15,000 17,445 599 599 31,846 599 599 32,445 Total 115,943 224,866 (58,962) 165,904 281,847
an SANDHOLES CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2024 Includes payments not finalised at end of the year. United Appeal 2023 & 2024 payments outstanding at 31112/24, not included above. To be paid out in 2025.
Balance not recovered from PMS is excluded from these accounts. Distribution of bequest incomes in line with fund purposes for 2023 and 2024 to be paid out in 2025.