2024-12-31-accounts

GORTNESSY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND

Financial Statements For the year ended 31 December 2024

Registered Charity in Northern Ireland (NIC 105673)

GORTNESSY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024

Note Unrestricted Restricted Funds Funds £ £ Receipts Donations and legacies 2 22,287 4,375 Charitable activities 3 0 275 Other trading activities 4 200 0 Investment Income 5 4,912 6,421 Other 6 559 0 Total Receipts 27,958 11,071 Payments Raising funds 7 348 0 Charitable activities 8 25,549 13,336 Other 9 0 0 Total Payments 25,897 13,336 Net receipts / (payments) 2,061 -2,265 Transfers between funds 0 0 Net movement in funds 2,061 -2,265 Funds brought forward 25,359 17,067 Funds carried forward 12 27,420 14,802

Total Total 2024 2023 £ £ 26,662 26,282 275 180 200 200 11,333 9,885 559 900 39,029 37,447 348 352 38,885 30,414 0 0 39,233 30,766 -204 6,681 0 0 -204 6,681 42,426 35,745 42,222 42,426

GORTNESSY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024

Note Unrestricted Restricted Funds Funds £ £ Funds Reconciliation Bank and Cash at start of year 25,360 17,066 Net movement in funds 2,061 -2,265 Bank and Cash at end of year 12 27,421 14,801 Bank & Cash Balances Bank Current Accounts Cash in Hand Financial Investments 11 Total Funds per Statistical Return Subtotal Other Assets Fixed Assets 10 Other Investments/Property 11 Gift Aid receivable on donations Liabilities Accruals and Sundry Creditors Total Assets

Total Total Funds Funds 2024 2023 £ £ 42,426 35,745 -204 6,681 42,222 42,426 42,016 42,255 206 171 42,222 42,426 460,167 428,272 502,389 470,698 1,704,208 1,623,055 275,000 161,000 4,000 4,000 2,485,597 2,258,753 -750 -750 2,484,847 2,258,003

Approved by the Kirk Session on 20/02/2025 and signed on its behalf by

Ross Hyndman Richard Manning Clerk Of Session Treasurer 20/02/2025 20/02/2025

GORTNESSY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2024

1. 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 (a) 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.

GORTNESSY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (continued)

for the year ended 31 December 2024

2. DONATIONS AND LEGACIES Un Recorded giving Loose collections Donations and gifts Gift Aid 3. CHARITABLE ACTIVITIES Un Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 4. OTHER TRADING ACTIVITIES Un Letting of premises Trading income 5. INVESTMENT INCOME Un Deposit interest General Investment Fund Rents from property 6. OTHER INCOME Un Sale of graves Other income 7. RAISING FUNDS Un FWO envelopes Fundraising events 8.CHARITABLE ACTIVITIES Un General Assembly Assessments (inc Stipend) Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities 9. OTHER EXPENDITURE Un	re F 17 1 3 22	stricted Restricted Total Total unds Funds 2024 2023 £ £ £ £ ,337 3,237 20,574 19,168 85 0 85 60 ,056 543 1,599 2,816 ,809 595 4,404 4,238 ,287 4,375 26,662 26,282 stricted Restricted Total Total unds Funds 2024 2023 £ £ £ £ 0 0 0 0 0 0 0 0 0 0 0 0 0 275 275 180 0 0 0 0 0 275 275 180 stricted Restricted Total Total unds Funds 2024 2023 £ £ £ £ 200 0 200 200 0 0 0 0 200 0 200 200 stricted Restricted Total Total unds Funds 2024 2023 £ £ £ £ 132 0 132 73 131 0 131 110 ,649 6,421 11,070 9,702 ,912 6,421 11,333 9,885 stricted Restricted Total Total unds Funds 2024 2023 £ £ £ £ 0 0 0 300 559 0 559 600 559 0 559 900 stricted Restricted Total Total unds Funds 2024 2023 £ £ £ £ 348 0 348 352 0 0 0 0 348 0 348 352 stricted Restricted Total Total unds Funds 2024 2023 £ £ £ £ ,190 0 1,190 1042 245 0 245 233 ,424 0 6,424 5718 ,000 13,336 27,336 19591 ,690 0 3,690 3830 5549 13336 38885 30414 stricted Restricted Total Total unds Funds 2024 2023 £ £ £ £ 0 0 0 0
	re F re F re F 4 4
	re F re F re F 1 6 14 3 2
	re F

10. FIXED ASSETS

The congregation owns the Church Premises,Hall,Session House,Sexton House and Monument situated at 84 Kilnappy Road, Drumahoe, and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,704,208 at 31/10/24.

11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. Combined Investments (Davy) General Investment Fund - Minister per PCI General Investment Fund - Sunday School per PCI Total Financial Investments Farmland - 28.5 acres Per Valuation	Total Total 2024 2023 £ £ 454,891 423,234 1,438 1,373 3,838 3,665 5,276 5,038 460,167 428,272 275,000 161,000

GORTNESSY PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (continued) for the year ended 31 December 2024

12. FUND BALANCES

Fund Unrestricted Funds General Fund Restricted Funds B & R Funds Bowling Club Total Restricted Endowment Funds Total	Balance Receipts at start £ £ 25,360 27,958 16,895 10,796 171 275 17,066 11,071 0 0 42,426 39,029	Payment Surplus / Transfer Balance (Deficit) at end £ £ £ £ -25,897 2,061 0 27,421 -13,096 -2,300 0 14,595 -240 35 206 -13,336 -2,265 0 14,801 0 0 0 -39,233 -204 0 42,222