## **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**