an FIRST CASTLEDERG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments 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 Other trading activities Investment Income Other 74,150 31,366 19,337 1,542 592 3,430 105,516 19,337 4,270 5,747 9,449 103,310 10,257 4,617 4,492 6,648 2,728 5,155 6,019 Total recelpts 88,052 56,267 144,319 129,324 Payments Raising funds Charitable activities Other (9971 (49,814) {936) 1997) {1,0131 {65,292) {67,146) (24,915) 119,812) {15,478) 123,979) Total payments (51,747) (39,4571 191,204) 187,9711 Net receipts/{payments) Transfers between funds 36,305 16,810 53,115 41,353 Net movement in funds Funds brought forward 36,305 59,255 16,810 {81,921) 53,115 41,353 (22,666) (64,019} Funds carried forward 12 95,560 {65,111) 30,449 (22,666) 11
an FIRST CASTLEDERG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestricted Restricted Endowment Funds Funds Funds Total Funds 2024 Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 59,255 36,305 181,921) 16,810 (22,666) 53,115 {64,019) 41,353 Bank and Cash at end of year 95,560 (65,1111 30,449 (22,666} Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 180,046 15,030 144,003 11,618 195,076 155,621 Liabilities Bank Loan {164,627) {178,287) 30,449 122,6661 Other Assets Fixed Assets- Note 10 Investments- Note 11 435,564 230,835 435,564 208,193 666,399 643,757 Approved by the Kirk Session at a meeting on . its behalf by: and signed on Mr James Young Mr David Young Date: Date: 12
an FIRST CASTLEDERG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS For the year ended 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £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 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 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 {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. DONATIONS AND LEGACIES Unrestricted Restrlcted Funds Funds Endowment Funds Total 2024 Total 2023 Recorded giving Loose collections Donations and gifts Gift aid Legacies and Bequests 62,677 24,788 885 481 5,212 87,465 885 481 16,685 82,507 1,277 3,381 16,145 11,473 74,150 31,366 105,516 103,310 13
an FIRST CASTLEDERG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) For the year ended 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Restricted Endowment Fund5 Funds Funds Total 2024 Total 2023 Fundraising Events Grants Membership Fees 10,762 5,539 3,035 10,762 5,539 3,035 7,057 1,300 1,900 19,336 19,336 10,257 4. OTHER TRADING ACTIVITIES Unrestricted Restritted Endowment Funds Funds Funds Total 2024 Total 2023 Letting of land and property 2,728 1,542 4,270 4,617 2,728 1,542 4,270 4,617 INVESTMENT INCOME Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Deposit interest General Investment Fund Other investment income 191 328 73 191 5,483 73 57 4,362 73 5,155 5,155 592 5,747 4,492 14
an FIRST CASTLEDERG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) For the year ended 31 December 2024 OTHER INCOME Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Other income Sunday School bank balance previously written off 5,926 93 3,430 9,356 93 6,648 6,019 3,430 9,449 6,648 RAISING FUNDS Unrestricted Restricted Funds Funds Endowment Funds Total 2024 Total 2023 FWO and gift aid envelopes 997 997 1,013 997 997 1,013 CHARITABLE ACTIVITIES Unrestricted Restrlcted Endowment Funds Funds Funds Total 2024 Total 2023 General Assembly assessments Presbytery fees Ministry and support staff costs Congregational running expenses Organisational running expenses Donations to missions and charities Governance costs 8,124 579 11,607 28,302 8,124 579 11,607 35,847 5,459 2,474 1,202 5,663 478 11,325 40,933 5,374 2,245 1,128 7,545 5,459 2,474 1,202 49,814 15,478 65,292 67,146 15
an FIRST CASTLEDERG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) For the year ended 31 December 2024 OTHER EXPENDITURE Unrestricted Restrlcted Endowment Funds Funds Funds Total 2024 Total 2023 Property expenses Letting of land and property expenses Bequest New Church Hall building costs Purchase of equipment Bank loan interest 64 7,615 7,679 1,330 440 440 416 432 2,493 13,872 2,925 13,872 4,077 13,989 936 23,980 24,916 19,812 10. FIXED ASSETS The congregation owns the Church premises situated at Garvetagh Road, Castlederg, Countv Tyrone and the associated fixtures, fittings, plant and machinery. These have an insurance value of £4,756,360. 2024 2023 New church hall building costs 435,564 435,564 435,564 435,564 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 General Investment Fund Other investments 230,835 208,193 230,835 208,193 16
an FIRST CASTLEDERG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) For the year ended 31 December 2024 12. FUND BALANCES Balance at start Surplus / (Deficit) Transfers Balance at end Fund Receipts Payments Unrestricted Fund5 General Fund 59,255 88,052 (51,747} 36,305 95,560 59,255 88,052 (51,747) 36,305 95,560 Restricted Funds Property Mission and charity Other Organisational 197,465) 2,874 3,034 9,636 36,209 {24,105) 6,948 (9,260) 1,367 11,743 12,104 (2,312) 1,367 5,651 (85,3611 562 4,401 15,287 (6,092) 181,921) 56,267 {39,457) 16,810 (65,111) Endowment Funds Endowment Total 122,6661 144,319 191,204) 53,115 30,449 17