ARMAGHBREAGUE PRESBYfERIAN CHURCH ARMAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIALAcfiviTY FOR THE YEAR ENDED 315T DECEMBER 2024 Note Unrestricted Funds Restricted Funds Endowment Funds Totsl 2024 Total 2023 Recelpts Donations & Legacie5 Charitable Activitie5 Other tradlng actlvltles Investment income Other Income 26,326 770 6,537 4,667 32,863 5,437 32,184 10,158 245 12 247 969 253 li 957 Totsl Receip15 27,353 12,163 39,516 42,606 Payments Ralslng Funds Charltable Activltles 239 30,889 239 49,579 222 35,337 18.690 Total Payments 31,128 18.690 49,818 35,559 Net Recelptsl Payments Transfers net 13.7751 300 16,5271 13(Y)I 110,3021 7,047 Net movement In funds 13,4751 16,8271 110,3021 7,047 Fund5 brought forward 01 January 2024 35,6S4 55,574 91,228 84,181 Deduct non cashlbank related Endowment Funds Funds carrled forward 31 December 2024 32,179 48,747 80,926 91,228
ARMAGHBREAGUE PRESBYfERIAN CHURCH ARMAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABIUTIES FOR THE YEAR ENDED 31ST DECEMBER 2024 Unrestricted Fund5 Restricted Funds Endowment Funds Total 2024 Total 2023 Funds Reconcilatlon Bank and cash at start of year 35,654 55,574 91,228 84,181 Net movement In funds 13.475 16,8271 110,3021 7,047 Bank & cash at end of year 32,179 48,747 80,926 91,228 Bjnk & Cash Balances Bank Current Accounts 32,179 48,747 80,926 91,228 Total 80,926 91,228 Memorandum Note Only Flxed Assets 1,229,999 1,174,127 Investments io 1,938 1,938 1,812 Approved by Klrk Sesslon at a meetlng on 3010412025 and slgned on its behalf by: Date.. 3010412025 Date.. 3010412025
ARMAGHBREAGUE PRESBYfERIAN CHURCH ARMAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the totsl Income of the congregatlon15 less than £250.000 the congregation have elected in accordance wlth the provisions In The Charitles (Accounts and Reports Regulatlons INorthem Ireland) 2015 to prepare its accounts on a recelpts and payments basls. FUND ACCOUNTING Endowment funds are funds. the capital of whlch must be retslned either permanently or at the con8regatlon's dlscretlon,. the Income derived from the endowment is to be used either as restrtcted or unrestrlcted Income funds depending upon the purpose for whlch the endowment wa5 establlshed in the first place. Restrlcted funds comprlse lal Income from endowments whlch Is to be expended only on the restrlcted purposes Intended by the donor and Ibl revenue donatlons or grants for a speclfic congregational actlvlty intended by the donor. Where these funds have unspent balances, Interest on thelr pooled Investment Is apportloned to the Indlvldual funds on an average balance ba51s. Unrestrlcted funds are Income funds whlch are to be spent on the congregation's general purposes. Deslgnated funds are general funds set aslde by the con8re8atSon for use in the future. RECEIPTS 2. DONATIONS & LEGACIES Unrestricted Funds Restrlcted Funds Endowment Funds Total 2024 Recorded Glvlng: Loose collectlons Donatlons & glfts Glft Ald Legacles & bequest 339 21,263 4,724 454 5,282 801 793 26,545 5,525 26.326 6.537 32,863 3. CHARITABLE AcfiviTIES Unrestricted Funds Restrlcted Funds Endowment Funds Total 2024 Income from charltable actlvlty & fundra151n8 Membership Fees Grants 770 438 1.550 2,679 1,208 1,550 2,679 770 4,667 5.437 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restrirted Funds Endowment Funds Totsl 2024 Letting of Premises
ARMAGHBREAGUE PRESBYfERIAN CHURCH ARMAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 5, INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Totsl 2024 Department of Social Development General Investment Fund- John McKee Bequest Bank Interest 37 14 194 37 14 196 245 247 6. OTHER INCOME Unrestrlcted Funds Restrlcted Funds Endowment Funds Totsl 2024 NIE Wayleave Payment Grave Fees Other- Presentatlans 12 12 957 957 12 957 969 PAYMENTS 7. RAISING FUNDS Unrestrfrted Funds Restdrted Funds Endowment Funds Totsl 2024 FWO envelopes 239 239 239 239 8. CHARITABLE ACTIVITES Unrestrirted Funds Restricted Funds Endowment Fund5 Totsl 2024 General Assembly Assessments & Payments Presbytery Fees Mlnlstry & 5UPPOrt staff Running expenses New Kitchen Expenses Donatlons to Missionslcharltles Governance costs 4.814 172 20,108 5.120 4.814 172 20,108 12,193 9,030 2,488 774 7,073 9.030 2,443 144 45 630 30,889 18.690 49,579 Memorandum only entrle5 The congre8akn.on owns the Church premlses. Churth Hall and connerting 8Taveyard 5iiuated at 8 Aughnagurgan Road and the associated fixtures. ffttin8s, plant and machlnery. Thèse have insured values of £1,229,999. 9. FIXED ASSErs
ARMAGHBREAGUE PRESBYfERIAN CHURCH ARMAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 The congregation has the followlng Investments. Amounts are shown at market value. 10. INVESTMENTS Endowment Funds Totsl 2024 Soclal Development- Nl Central Investment Fund for Charitles General Investment Fund-Presbyterian Church In Ireland 1,366 572 1,366 572 1.938 1,938 11. FUND BALANCES Balance at stsrt Recelpts Payments Surplltsl (Deficitl Transfers nett Balance at end Unrestflcted Funds General 35.654 27,353 31.128 13,7751 300 32,179 35,654 27,353 31,128 3.7751 300 32,179 Restrlrted Funds United Appeal Chlldren's Society Earthquake Appeal Macmlllan Collectlon Repalrs Caterlng Weddlng Present Sunday School pw Purple Heaher Club Llttle Ones Parent & Toddler Group Youth Club Glrls Brl8ade 1,520 607 1,520 607 43,802 819 2,916 1,000 9,534 211 16,6181 789 37,184 1,608 385 1,244 9.092 152 65 426 ,327 1651 281 19141 320 1,525 7,878 152 707 5.413 13¢xII 80 55,574 12.163 18,690 6,527 3001 48.747 Total Funds 91.228 39,516 49.818 10,302 80,926