UPPER CUMBER CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payment Account) for the year ended 31 December 2024 Note Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Investment Income 41,986 2,572 1,577 11,140 19,040 5,819 53,126 21,612 7,396 88,321 19,673 5,391 46,135 35,999 82,134 113,385 Sale of Investments Sale of fixed assets Loans Received Total Receipts 46,135 35,999 82,134 113,385 Payments Raising funds Charitable activities 520 26,504 27,024 520 45,660 46,180 495 33,426 33,921 19,156 19,156 Purchase of Investments Purchase of fixed assets Loan Repayments 1,849 1,015 2,864 2,627 Total Payments 28,873 20,171 49,044 36,548 Net receipts / {payment51 Transfers between funds 17,262 (6,7531 15,828 6,753 33,090 76,837 Net movement in funds Funds brought forward 10,509 39,756 22,581 255,537 33,090 76,837 47,675 342,968 266,131 Funds carried forward 278,118 47,675 376,058 342,968 li
UPPER CUMBER CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Note Funds Reconciliation Bank & c35h at start of year Net movement in funds 39.756 10,509 255,537 22,581 47,675 342,968 266,131 33,090 76,837 Bank & cash at end of year 278 118 47 675 376,058 342,968 Bank and Cash Balances Bank Deposit Accounts Bank Current Accounts Building Society deposits Cash in Hand 174,373 4,012 55,663 193,024 145,675 145,675 347 257 376,058 342 968 Other Assets Fixed Assets Investments Gift Aid receivable on donations 7,650 11,100 7,650 11100 Liabilities Loans Approved by the Kirk Session at a meeting on the 13th April 2025 and signed on its behalf by Olive Witherow Trustee John McFarland Clerk of Session 12
UPPER CUMBER CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation has elected in accordance with the provisions in The Charities (Accounts and Reports) Regulations (Northern Ireland) 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 esta blished in the first place. Restricted funds comprise lal income from endowments which is to be expended only on the restricted purp05e5 intended by the donor and {bl 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. 2. DONATIONS AND LEGACIES Note Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 Recorded giving Loose collections Donations & gifts Gift Aid Legacies & bequests 34,534 250 7,148 iio 41,682 360 38,822 526 90 3,792 90 10,994 1,030 7,943 40,000 88,321 7,202 41,986 11,140 53,126 13
UPPER CUMBER CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (continued) 31 December 2024 Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 3. CHARITABLE ACTIVITIES Weddings & funerals Fundraising events Memberships Grants 1,000 12,641 1,655 4,744 19,040 13,641 1.655 6,316 21,612 9,590 1,028 9,055 19,673 1,572 2,572 4. INVESTMENT INCOME Bank interest Investment interest 795 782 1,577 4,887 932 5,682 1,714 7,396 3,757 1,634 5,391 5,819 5. RAISING FUNDS FWO envelopes 520 520 495 6. CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry & support staff Congregational running expenses Donations to Missions etc Governance costs 2,835 410 4,100 19,159 2,835 410 2,818 415 3,250 21,464 5,479 4,100 33,193 5,122 14,034 5,122 26,504 19,156 45,660 33,426 7. FIXED ASSETS The congregation owns the Church premises and Lecture Hall at 15 and 17 Cregg Road, Claudy, Londonderry BT47 4HX and a half share of a manse at 342 Glenshane Road, Claudy, BT47 4HP for the minister and the associated f ixtures, fittings and equipment. These have an insurance value of £2,743,000. 8. INVESTMENTS All funds from endowments, memorials and cash not required for short term objects are invested in deposit accounts with the Progressive Building Society. 14
UPPER CUMBER CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (continued} 31 December 2024 9. FUND BALANCES Fund Balance Receipts Payments Transfers Balance at end at start Unrestricted Funds General Fund 39,756 46,135 28,873 -6,753 50,265 Restricted Funds Missions and Charities BuildinE Fund Repair Fund Sunday School Choir Fund Presbyterian Women Bowling Club Youth Council 4,547 21,895 231 277 4.857 310 246,891 loo io 285 809 268,786 loo io 213 814 7,453 1,098 80 7,222 821 355 1,460 7,227 36,000 350 325 7,117 255,537 155 -1,000 -600 6,753 630 7,565 278,118 6,179 20,172 Endowment Funds BeqL¢ests and memorials 47,675 47,675 Total 342,968 82,135 49,045 376,058 15