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