an I" DROMARA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Financial Statements for the year ended 31 December 2024 Registered Charity in Northern Ireland (NIC 105676)
Presbyter an FIRST DROMARA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipt5 and Payments Account) for the year ended 31 December 2024 Note Unrestricted Restrirted Funds Funds Endowment Total Funds 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 97,930,01 0.00 2,000.00 396.76 1,956.39 34,973.45 10,431.50 0.00 144.96 0.00 132,903.46 210,906.34 0.00 10,431.50 9,154.64 2,000.00 2,000.00 541.72 476.30 0.00 0.00 0.00 11,360.00 13,316.39 5,852.21 102,283.16 56,909.91 0.00 159,193.07 228,389.49 Sale of Investments Sale of fixed assets Loans Received Total Receipt5 102,283.16 56,909.91 0.00 159,193.07 228,389.49 Payments Raising funds Charitable activities 735.53 0.00 0.00 735,53 0.00 111,936.72 193,061.62 709.01 53,181.15 58,755.57 Investment costs Other 0.00 0.00 0.00 0.00 0.00 53,916.68 58,755.57 0.00 112,672.25 193.773.63 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 53,916.68 58,755.57 0.00 112,672.25 193.773.63 Net receipts / (payments) Transfers between funds 48,366.48 (1,845.66) 0.00 46,520.82 34,615.86 (26,137.78) 26,137.78 0.00 0.00 Net movement in funds Funds brought forward 22,228.70 36,588.30 24,292.12 69,731.14 0.00 46,520.82 3,221.00 109,540.44 34.615.86 74,924.58 Funds carried forward 12 58,817.00 94,023.26 3,221.00 156,061.26 109,540.44
an FIRST DROMARA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestrict Restricted Endowm ed Funds Funds ent Funds Total Funds 2024 Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 23,828.11 82,491.40 3,221.00 34,988.56 11,532.26 0.00 109,540.44 46,520.82 74,924.58 34,615.86 Bank and Cash at end of year 58,816.67 94,032.66 3,221.00 156,061.26 109,540.44 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 150,970.32 1,869.94 103,816.17 2,503.27 152,840.26 106,319.44 Other Assets Fixed Assets - Note 10 Church Premises- Insurance Church Manse- Insurance Value Sextons House- Insurance Value Fixtures, Fittings & Equipment Investments- Note 11 Gift Aid receivable on donations 453,870.48 98,577.00 453,870.48 98,577.00 3,221.00 17,000.00 3,221.00 17,000.00 572,668.48 572,668.48 Liabilitles Loans 0.00 0.00 0.00 0.00 Approved by the Kirk Session at a meeting on 6 November 2025 and signed on its behalf by [Namel -fv<o ) "" [Datel [Name] [Date]
an FIRST DROMARA CONGREGATION OF THE 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 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. DONATIONS AND LEGACIES Unrestricted Funds Restricted Endowment Total 2024 Funds Funds Total 2023 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 77,274.35 2,447.00 3,134.71 15,073.95 0.00 10,586.00 12,429.48 7,471.97 4,486.00 0.00 0.00 87,860,35 0.00 14,876.48 0.00 10,606.68 0.00 19,559.95 0.00 0.00 88,207,00 15,313.12 88,207.88 19,178.34 0.00 97,930.01 34,973.45 0.00 132,903.46 210,906.34
an FIRST DROMARA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestrlcted Funds Restrirted Endowment Funds Funds Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 0.00 0.00 0.00 0.00 0.00 75.00 2,050.00 0.00 3,936.50 4,370.00 0.00 0.00 0.00 0.00 0.00 75.00 2,050.00 0.00 3,936.50 4,370.00 0.00 2,180.00 0.00 3,950.00 3,024.64 0.00 10,431.50 0.00 10,431.50 9,154.64 OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Endowment Fund5 Total 2024 Total 2023 Letting of premises Trading income 2,000.00 0.00 0.00 0.00 0.00 0.00 2,000.00 0.00 2,000.00 0.00 2,000.00 0.00 0.00 2,000.00 2,000.00 INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment properties Other investment income 227.47 169.29 0.00 0.00 144.96 0.00 0.00 0.00 0.00 0.00 0.00 0.00 372.43 169.29 0.00 0.00 342.92 133.38 0.00 0.00 396.76 144.96 0.00 541.72 476.30
an FIRST DROMARA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTOTHE ACCOUNTS (convd) 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Insurance claims Other income 0.00 1,956.39 0.00 11,360.00 0.00 0.00 0.00 13,316.39 0.00 5,852.21 1,956.39 11,360.00 0.00 13,316.39 5,852.21 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 FWO envelopes Fundraising events 735.53 0.00 0.00 0.00 0.00 0.00 735.53 0.00 709.01 0.00 735.53 0.00 0.00 735.53 709.01 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Total 2024 Total 2023 Funds Funds General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 9,480.57 834.00 11,515.85 30,246.72 1,104.01 0.00 0.00 0.00 35,868.45 22,887.12 0.00 0.00 0.00 0.00 0.00 9,480.57 834.00 11,515.85 66,115.17 23,991.13 20,739.75 752.19 45,111.40 99,941.54 26,519.74 0.00 0.00 0.00 0.00 0.00 53,181.15 58,755.57 0.00 111,936.72 193,064.62
Presbyter an FIRST DROMARA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Investment properties expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10. FIXED ASSETS The congregation owns the Church premises situated at Church Road, Dromara and the associated fixtures, fittings, plant and machinery. These have an insurance value of £2,708,939.38 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 General Investment Fund Property Other investments 3,050 3,050 171 171 3,221 3,221
an FIRST DROMARA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2024 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfe (Deficit) Balance at end Unrestrirted Funds General Fund 23,828.12 109,672.66 74,684.10 34,988.56 0.00 58,816.68 23,828.12 109,672.66 74,684.10 34,988.56 0.00 58,816.68 Restricted Funds Property Fund Cong. Organisational Funds 45,178.74 37,312.58 27,753.25 32,417.16 17,686.17 10,067.08 30,951.98 1,465.18 0.00 0.00 55,245.82 38,777.76 82,491.32 60,170.41 48,638.15 11,532.26 0.00 94,023.58 Endowment Funds Endowment Funds 3,221.00 0.00 0.00 0.00 0.00 3,221.00 3,221.00 0.00 0.00 0.00 0.00 3,221.00 Total 109,540.44 169,843.07 123,322.25 46,520.82 0.00 156,061.26