Reformed Presbyterian Church OF IRELA%D CULLYBACKEY CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payment5 Account) for the year ended 31 December 2024 RESTRicfED ENDOWMENT TOTAL TOTAL NOTE UNRESTRICTED FUNDS FUNDS FUNDS 2024 2023 Receipts Donatlons & legacies Charitable activities Investment income 171,315 3,576 1,561 176,452 4,451 175,766 3,576 1,830 181,172 184,154 5,178 1,024 190,356 269 Total recelpts 4,720 Payment5 Raising funds Charitable activities iio iio 180 226,997 227,107 7,154 7,154 234,151 234,261 180,822 Total payments 181,002 Net receipts/lpaymentsl Transfers between funds Net movement in funds 150,6551 (2,4341 {53,0891 9,354 2,000 2,000 150,655) 14341 151,0891 9,354 Reconciliation of funds: Total funds brou8ht forward Total funds carried foNard 263,012 3,818 266,830 257,476 212,357 3,384 215,741 266,830 11
Relowsd Prosbyten?r, C-. OF 11:.LAXD CULLYBACKEY CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 UNREsfRICTED FUNDS RESTRicfED FUNDS ENDOWMENT FUNDS TOTAL 2024 TOTAL 2023 Funds Reconciliation i ota.; fdnds brought forward Ne: Tr?ovement in funds i otai r4inds carried forward 263,012 150,655) 212,357 3.818 {4341 3,384 266,830 {Sl.Q891 215,741 257,476 9,354 266.830 Bank & cash balanees < cdrrent accounts & cash on hand 215,741 215.741 266,830 266,830 Approved by the Kirk Session at a meeting on 2nd August 2025 and signed on its behalf by Rav PFI.1 tt Mr vor Mcmullan 12
Refomed Presbyterian Church OF IXILAX'D CULLYBACKEY CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POUCIES 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 Ib) revenue donations or grant5 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 LEGACIE5 UNRESTRICTED FUNDS RESTRICTED FUNDS ENDOWMENT FUNDS TOTAL 2024 TOTAL 2023 Recorded givin8 Loose collection5 Donations and gifts Gift Aid 134,643 3,240 765 32,667 171,315 2,300 2,051 100 136,943 5,291 865 32,667 175,766 138,387 6,299 6,155 33,313 184,154 4,451 13
Relorrned Presbyterian Church OF IKILAK'D CULLYBACKEY CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTESTO THE ACCOUNT5 31 December 2024 CHARITABLE ACTIVITIES UNRESTRicfED FUNDS RESTRICTED FUNDS ENDOWMENT FUNDS TOTAL TOTAL 2024 2023 Wedding & funeral & graveyard fees Sale of study books etc. Miscellaneous income 600 600 1,936 76 3,166 5,178 49 49 2,927 3,576 3,576 INVESTMENT INCOME UNRESTRICTED FUNDS RESTRICTED FUNDS ENDOWMENT FUNDS TOTAL 2023 TOTAL 2023 Deposit interest Other investment income 1,561 17 1,578 971 252 252 53 1,561 269 1,830 1,024 RAISING FUNDS UNRESTRICTED FUNDS RESTRICTED FUNDS ENDOWMENT FUNDS TOTAL 2023 TOTAL 2023 FWO envelopes 110 iio 180 iio 110 180 14
Relormed Presbyterian Church or IkELA.X'D CHARITABLE ACTIVITIES UNRESTRICTED FUNDS RESTRICTED FUNDS ENI)OWMENT FUNDS TOTAL 2023 TOTAL 2023 Synodical Assessments Ministry & support staff costs Congregational running expenses Donations to missions & charities 38,490 700 39,190 40,180 49,444 49,444 49,374 118,484 3,332 121,815 58,067 20,579 226,997 3,122 7,154 23,701 234,151 33,201 180,822 FIXED ASSETS The congregation owns the Church premises situated at 2 Main Street, Cullybackey together with the associated fixtures, fittings. These have an insurance value of £2,506,602 for buildings and £93,383 for contents. FUND BALANCES FUND BALANCE RECEIPTS PAYMENTS TRANSFER SURPLUS/ BALANCE AT START DEFICIT ATEND Unrestricted funds 263,012 176,452 227,107 150,655) 212,357 General fund 263,Q12 176,452 227,107 {5Q,6551 212,357 Restricted funds Sabbath School account Youth Account Women's Fellowship 2,389 1,165 264 563 3,131 2,000 (5691 1,821 1,165 399 4,157 4,720 4,022 7,154 135 (4341 3,818 2,000 3,384 Total 266,830 181,172 234,261 2,000 151,0891 215,741 15
Reformed Presbyterian Church OF IKEIA%D RELATED PARTYTRANSACTIONS A trustee, the minister of the congregation, received remuneration of £34,274 and expenses of £11,400 for acting in that capacity None of the other trustees received any remuneration or expenses during the year in connection with their dutie5. There were no other related party transactions. 16