FAUGHANVALE CONGREGATION OF THE PRESBYTERIAN 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 Regular Direct Giving Donations and Legacies Charitable Activities Activities that generate Income Investment Income Other Sale of Investments Sale of Fixed Assets Loans Received Total Receipts Payments Raising Funds Charitable Activities Church Organisations Purchase of Investments Purchase of Fixed Assets Loan Repayments Total Payments Net Receipts / (Payments) Transfer Between Accounts Net Movement in Funds Funds Brought Forward Funds Carried Forward |
£ £ £ £ £ 2 102,383 39,780 142,163 105,280 3 1,960 12,116 14,076 3,065 4 0 2,735 2,735 0 5 0 29,036 29,036 37,076 6 359 0 359 1,917 7 802 0 802 3,137 |
|||||
| 105,504 83,667 189,171 150,475 |
||||||
| 105,504 83,667 189,171 150,475 |
||||||
| 8 0 17,602 17,602 22,266 9 84,936 23,662 108,598 134,984 10 7,706 7,706 8,192 |
||||||
| 84,936 48,970 133,906 165,442 |
||||||
| 84,936 48,970 133,906 165,442 |
||||||
| 20,568 34,697 55,265 (14,967) 0 0 (1,889) |
||||||
| 20,568 34,697 55,265 (16,856) 10,821 33,081 43,902 60,758 |
||||||
| 13 31,389 67,778 99,167 43,902 |
FAUGHANVALE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES
For the Year Ended 31 December 2024
| Funds Reconciliation Bank and Cash at Start of Year Net Movement in Funds Bank and Cash at End of Year Bank and Cash Balances Current Accounts Deposit Accounts Cash in Hand Other Assets Fixed Assets Church Premises 11 Land 12 Bond 12 Liabilities Loans Net Worth |
Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2024 |
Total 2023 |
|---|---|---|---|---|---|
| £ £ £ 10,821 33,081 20,568 34,697 |
£ £ 43,902 60,758 55,265 (16,856) |
||||
| 31,389 67,778 |
99,167 43,902 |
||||
| 73,806 43,137 25,361 765 0 |
|||||
| 99,167 43,902 |
|||||
| 4,886,465 4,400,000 60,000 60,000 12,994 35,489 |
|||||
| 4,959,459 4,495,489 |
|||||
| 0 0 |
|||||
| 5,058,626 4,539,391 |
Approved by the Kirk Session at a meeting on 17/09/25 and signed on its behalf by
--------------------------------------------------Donald Montgomery Samuel Cochrane Donald Montgonery Samuel Cochrane
FAUGHANVALE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2024
1 ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less that £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 payment 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 (a) income from endowments which is to be expended only on the restricted purposes intended by the doner and (b) revenue donations or grants for a specific congregational activity intended by the doner. 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.
2 REGULAR DIRECT GIVING
| Recorded Giving Loose Collections Other Income Sources Gift Aid Miscellaneous Income 3 DONATIONS AND LEGACIES Donations and Gifts Donations from Church Organisations |
Unrestricted Funds £ |
Restricted Funds £ |
Endowment Funds £ |
Total 2024 £ |
Total 2023 £ |
|---|---|---|---|---|---|
| 63600 16351 79951 83237 0 0 0 822 6011 10068 16079 32772 11008 43780 21221 2353 2353 |
|||||
| 102383 39780 0 142163 105280 |
|||||
| 1660 12116 13776 2765 300 0 300 300 |
|||||
| 1960 12116 0 14076 3065 |
| CHARITABLE ACTIVITIES Income from Charitable Activities Fundraising Events Grants ACTIVITIES WHICH GENERATE INCOME Income for Agencies Church Organisations Grave Lettings |
Unrestricted Funds £ |
Restricted Funds £ |
Endowment Funds £ |
Total 2024 £ |
Total 2023 £ |
|---|---|---|---|---|---|
| 2735 2735 0 0 |
|||||
| 0 2735 2735 0 |
|||||
| Unrestricted Funds £ |
Restricted Funds £ |
Endowment Funds £ |
Total 2024 £ |
Total 2023 £ |
|
| 0 17602 17602 22266 9584 9584 13506 1850 1850 1304 |
|||||
| 29036 29036 37076 |
4 CHARITABLE ACTIVITIES
5 ACTIVITIES WHICH GENERATE INCOME
| INVESTMENT INCOME Deposit Interest Other Investment Income OTHER INCOME Periodicals & Calendars Rental Income Share of Manse Expenses Insurance Compensation RAISING FUNDS United Appeal Children's Society Earl Haig Fund World Development Appeal Harvest Appeal Roe Valley Food Bank Christian Aid Appeal Turkish Earthquake Appeal Faughanvale Day Centre Kids 4 School CEF Scripture Union Gift Aid (2023) |
Unrestricted Funds £ |
Restricted Funds £ |
Endowment Funds £ |
Total 2024 £ |
Total 2023 £ |
|---|---|---|---|---|---|
| 359 0 359 28 0 0 1889 |
|||||
| 359 0 359 1917 |
|||||
| Unrestricted Funds £ |
Restricted Funds £ |
Endowment Funds £ |
Total 2024 £ |
Total 2023 £ |
|
| 52 52 0 750 750 3137 0 0 0 0 |
|||||
| 802 802 3137 |
|||||
| Unrestricted Funds £ |
Restricted Funds £ |
Endowment Funds £ |
Total 2024 £ |
Total 2023 £ |
|
| 8000 8000 7711 900 900 1162 200 200 296 2250 2250 2700 2250 2250 1985 295 1802 1802 1538 2990 1000 1000 900 900 150 150 111 150 150 111 3367 |
|||||
| 0 17602 0 17602 22266 |
6 INVESTMENT INCOME
7 OTHER INCOME
8 RAISING FUNDS
| CHARITABLE ACTIVITIES General Assembly Assessments Minister Ministry and Support Staff Costs Worship and Fellowship Discipleship Mission and Outreach Governance Utilities Repairs and Maintenance Insurance Misc Expenditure |
Unrestricted Funds £ |
Restricted Funds £ |
Endowment Funds £ |
Total 2024 £ |
Total 2023 £ |
|---|---|---|---|---|---|
| 13282 13282 15954 40471 40471 49160 4757 4757 2140 3971 0 3971 4420 500 0 500 800 750 1550 844 1099 1099 1288 8599 8599 10607 20631 20631 44081 5895 5895 5318 5562 2281 7843 1172 |
|||||
| 84936 23662 108598 134984 |
- 9 CHARITABLE ACTIVITIES
10 OTHER EXPENDITURE
| Unrestricted Funds £ |
Restricted Funds £ |
Endowment Funds £ |
Total 2024 £ |
Total 2023 £ |
|---|---|---|---|---|
| 7706 7706 8192 |
Church Organisations
11 FIXED ASSETS
The congregation owns the church premises situated at Killylane Road, Eglinton Co. Londonderry and a manse at 2A Glenrandal, Eglinton, Co Londonderry for the minister and the associated fixtures, fittings and equipment. These have an insurance value of £4,886,465
| 12 INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. General Investment Fund Property Other Investments 13 FUND BALANCES Balance at start Receipts Payment Unrestricted Fund 10821 105504 84936 10821 105504 84936 Restricted Funds Maintenance Fund -333 31201 20629 Youth Worker Fund 8489 15212 750 Catering Account 19639 10068 2283 Church Organisations 5286 9584 7706 Agency Fund 17602 17602 33081 83667 48970 TOTAL 43902 189171 133906 |
12 INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. General Investment Fund Property Other Investments 13 FUND BALANCES Balance at start Receipts Payment Unrestricted Fund 10821 105504 84936 10821 105504 84936 Restricted Funds Maintenance Fund -333 31201 20629 Youth Worker Fund 8489 15212 750 Catering Account 19639 10068 2283 Church Organisations 5286 9584 7706 Agency Fund 17602 17602 33081 83667 48970 TOTAL 43902 189171 133906 |
Total 2024 £ |
Total 2023 £ |
|---|---|---|---|
| 0 0 60000 60000 12994 35489 |
|||
| 72994 95489 |
|||
| Surplus/ Deficit Transfer 20568 0 |
|||
| 10821 105504 84936 -333 31201 20629 8489 15212 750 19639 10068 2283 5286 9584 7706 17602 17602 |
20568 0 10572 0 14462 7785 1878 0 |
||
| 33081 83667 48970 |
34697 0 |
||
| 43902 189171 133906 |
55265 0 |
Balance at end
31389 31389
10239 22951 27424 7164 0 67778 99167