an FIRST COOKSTOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL POSITION for the year ended 31 December 2024 Note Unrestricted Funds Restrirted Funds Endowment Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trad ing activitie5 Investment Income Other 135291 162932 14204 298223 14204 168570 29781 1040 2650 830 1870 2650 1220 4764 Total Receipts 138981 177966 316947 204335 Payments Raising funds Charita ble activities Property Expenses 843 124154 843 159651 21980 889 163575 25203 35497 21980 Total Payments 124997 57477 182474 189667 Net receipts / {paymentsl Transfers between funds 13984 {70451 120489 7045 134473 14668 Net movement in funds Funds brought forward 6939 73346 127534 49087 134473 164135 14668 149467 41702 Funds carried forward 12 80285 176621 41702 298608 164135
an FIRST COOKSTOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restricted Funds Endowment Total Funds Total Funds Funds 2024 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 73346 6939 49087 127534 122433 134473 107765 14668 Bank and Cash at end of year 80285 176621 256906 122433 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 890 175731 890 256016 2377 119931 125 80285 256906 122433 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Veh icles Investments- Note 11 Gift Aid receivable on donations 41702 41702 41702 41702 41702 41702 10
Presbyter an FIRST COOKSTOWN CONGREGATION OFTHE 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 between £250,000 and £500,000 in accordance with the provisions in The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 to prepare its accounts on an accruals basi5 and subject to independent examination by an examiner who is a member of The Institute of Chartered Accountants in Ireland. 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 Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequest 105139 2556 4384 22398 814 123469 228608 2556 7697 43548 15814 123987 6827 4076 32996 3313 21150 15tK)O 135291 162932 298223 168570 11
an FIRST COOKSTOWN CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Income from charitable activities Membership fees & Grants 14204 14204 22389 7392 14204 14204 29781 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Letting of premises INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment properties 1020 830 1850 1058 144 18 20 20 1040 830 1870 1220 12
an FIRST COOKSTOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER INCOME Unrestricted Fund5 Restrirted Funds Endowment Funds Total 2024 Total 2023 Magazines Heat & Light Contribution Other income 880 1770 880 1770 824 3940 2650 2650 4764 RAISING FUNDS Unrestrirted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 FWO envelopes 843 889 843 889 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities 12842 925 87229 23158 12842 925 87229 39648 19007 10809 742 83049 45470 23505 16490 19007 124154 35497 159651 163575 13
Presbyter an FIRST COOKSTOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREIAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Fund5 Restricted Funds Endowment Funds Total 2024 Total 2023 Property expenses 21980 21980 25203 21980 21980 25203 10. FIXED ASSErs The congregation owns the Church premises, Halls and Former Manse situated at Loy Hill, Cookstown, and the associated fixtures, fittings, plant and machinery. These have an insurance value of £3,581,021. In addition, the congregation owns a new manse at Moneymore Road, Cookstown with an insurance value of £432,847. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 General Investment Fund GB Crooks Bequest Investment Progressive Building Society Glasgow Bequest Investment 13542 2000 25120 1040 13542 2000 25120 1040 41702 41702 14
an FIRST COOKSTOWN CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 12. FUND BALANCES Fund Balance at start Receipts Payment Transfer Surplus / Balance at (Deficit) end Unrestricted Funds No. l Account 73346 138981 124997 {7045) 6939 80285 73346 138981 124997 170451 6939 80285 Restricted Funds No. 2 Account Investment, Building & Manse Bowling Club Sunday School & Bible Class pw Youth Fellowship Friends at First Scout Group United Appeal Charity / Missions 16131 21942 1487 261 1606 897 1513 5250 26974 140403 1029 200 7443 8476 21984 1344 350 6464 110762) 7736 118419 13151 {1501 979 23867 140361 1172 iii 2585 897 2378 5250 1917 1052 865 10762 7045 10762 7045 49087 177966 57477 7045 127534 176621 Endowment Funds General Investment Fund GB Crooks Bequest Investment Progressive Building Society Glasgow Bequest Investment 13542 20(J) 25120 1040 13542 2000 25120 1040 41702 41702 Total 164135 316947 182474 134473 298608 15