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.
****