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