an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restrirted Funds Endowment Funds Total 2024 Total 2023 Receipts Donations and legacies Charita ble activities Other trad ing activities Investment Income Other 15301 9(X) 250 16201 250 16499 1461 67 1461 2389 365 2960 2322 Total Receipts 16829 3472 20301 19824 Payments Raising funds Cha rita ble activities Investment costs Other 149 16699 149 20877 138 18300 4178 Total Payments 16848 4178 21026 18438 Net receipts / (payments} Transfers between funds (19} 461 1706) (461) (7251 1386 Net movement in funds Funds brought forward 442 56992 (1167) 11(X)5 (725} 71350 1386 69964 3353 Funds carried forward 12 57434 9838 3353 70625 71350 10
an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN 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 56992 442 11005 (1167) 3353 71350 1725) 69964 1386 Bank and Cash at end of year 57434 9838 3353 70625 71350 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 42781 14653 5985 3853 3353 52119 18506 52056 19294 70625 71350 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Investments- Note 11 Gift Aid receivable on donations Debtors Liabilities Loans Other 70625 71350 11
an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIE5 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 Report5 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) incorne 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: L005e collections Donations and gifts Gift Aid Legacies and bequest 11746 232 1079 2244 12586 292 1079 2244 12410 206 1694 2189 60 15301 9(X) 16201 16499 12
Presbyter an BALLYGONEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE AcfiviTIES Unrestricted Funds Restrirted Funds Endowment Funds Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 250 250 250 250 OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restrirted Funds Endowment Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment properties Other investment income 1461 1461 365 1461 1461 365 13
an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 OTHER INCOME Unrestrirted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Other income 67 2322 2389 2960 67 2322 2389 2960 RAISING FUNDS Unrestricted Funds Restrirted Funds Endowment Funds Total 2024 Total 2023 FWO envelopes 149 149 138 149 149 138 CHARITABLE AcfiviTIES 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 Governance costs 298 105 12050 3090 856 3(X) 298 105 12050 5517 2607 300 96 67 11103 4480 2014 540 2427 1751 16699 4178 20877 18300 14
Presbyter an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE AccouKfs (cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restrirted Funds Endowment Funds Total 2024 Total 2023 Investment properties expenses 10. FIXED ASSETS The congregation owns the Church premises situated at 14 Ballygoney Road East, Moneymore BT45 7XZ and 21 Littlebridge Road Moneymore BT45 7XX the associated fixtures. fittings, plant and machinery. These have an insurance value of £668,137. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 General Investment Fund Property Other investments 15
an BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus/ (Deficit) Transfer Balance at end Unrestricted Funds General Fund Business Reserve Progressive Building Society 14274 22718 20000 16495 334 16848 13531 334 732 (2711 14653 22781 20(XJO 56992 16829 16848 119} 461 57434 Restricted Funds Building and Repair Progressive Building Society Shared Pulpit Supplies Appeals and Collections 5020 5985 1150 2427 {12771 110 3853 5985 2322 2322 11751) 123221 1751 1751 11005 3472 4178 17061 14611 9838 Endowment Funds Progressive Bui5ding Society Harkness Senator Duff Henderson 3tMJO 250 65 38 3000 250 65 38 3353 3353 Total 71350 20301 21026 (7251 70625 16