GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2024 Registered Charity in Northern Ireland {NIC1063721
GLENMANUS REFORMED pRE5BERIAN CHURCH CONGREGATION OF THE REFORMED pREsBER1AN CHURCH OF IRELAND REFERENCE AND ADMINISTRATIVE DAlLs Glenmanus Reformed Presbyterian Church congregation of the Reformed Presbyterian Church of Ireland 23-25 Portstewart Road Portrush County Antrim BT56 8EH Registered Charity in Northern Ireland INIC1063721 CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were.. Rev Samuel G Mccollum Mr Thomas Carson Mr Ross Carson Mr Carlisle Mccollum PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev Samuel G Mccollum Mr Carlisle Mccollum Miss Zara Carson Dr Marion Wright INDEPENDENT EXAMINER Dr R I Peters Gallagher, OBE, FCA Moore INI) LLP 32 Lodge Road Coleraine BT52 INB BANKERS Danske Bank Limited Donegal Square West Belfast BTI 6JS
GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND STATEMENT OF FINANCIALACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestrirted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income 65,040 3,857 68,897 71,848 1200 865 5,469 5471 70,509 3,859 74,368 73,913 sale of Investments Sale of fixed assets Loans Received Total Receipts 70,509 3,859 74,368 73,913 Payments Raising Funds Charitable activities Investment costs Other 136 69,495 136 73,198 126 79,499 3,703 Tota5 Payments 69.631 3,703 73,334 79,625 Net receipts / Ipaymentsl Transfers between funds 878 156 1,034 15,7121 Net movement in funds Funds brought forward 878 116,988 156 2,583 1,034 119,571 15,7121 125,283 Funds carried forward li 117,866 2,739 120,605 119,571
GLENMANUS REFORMED PRE5BERIAN CHURCH CONGREGATION OF THE REFORMED PRES8ERlAN CHURCH OF IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2024 Unrestricted Fund5 Restrirted Endowment Total Funds Total Funds Funds Funds 2024 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 116,988 878 2,583 156 119,571 1,034 125,283 15,7121 Bank and Cash at end of year 117,866 2,739 120,605 119,571 Bank & Cash Balances Danske Bank General Account Patton Trustees Account Women's Fellowship Sabbath School Media Library Friendship Group 70,363 1,855 140 56 264 424 69,850 1,883 150 70 264 216 National Savings & Investments 47,503 47,138 120,605 119,571 Other Assets Fixed Assets - Note 9 Church buildings and contents Communion Set Lawnmowers Gift Aid receivable on donations 120,603 119,571 Liabilities IN/AI IN/AI Approved by the Session at a meeting on J+ Revs G Mccollum and signed on its behalf by Mr C Mccollum
Date: Date-. GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTESTO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BAS15 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 fund5 are funds, the capital of which must be retained either permanently or at the congregation's discretion; the income derived f rom 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 lal income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl 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. DONATION5 AND LEGACIES Unrestritted Funds Restricted Endowment Funds Funds Total 2024 Total Z023 Recorded giving: Free Will Offering Loose Collections Summer Bible Readings Donations and gifts Gift Aid Other Income 50,140 1,404 398 50,140 1,404 398 3,628 13,098 229 54,279 1,187 3,628 3,842 12,450 13,098 229 65,040 3,857 68,897 71,848
GLENMANU5 REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORIVIED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE AcfiviTIES Unrestrirted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Income from charitable activities Fees from wedding5 and funerals Fundraising events Membership fees Grants OTHER TRADING AcfiviTIES Unrestricted Funds Restrirted Funds Endowment Funds Total 2024 Total 2023 Letting of premises Wayleave Power N.1. Refund INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment properties Other investment income 1,228 1,230 865 4,241 4,241 5,469 5,471 865
GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'dl 31 December 2024 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 FWO envelopes 136 136 126 136 136 126 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Presbytèry Fee5 Ministry and support staff costs Congregational running expenses Governance costs Donations to Missions & charities Mission Committee Camp fees 169 35,631 15,555 900 17,240 169 35,631 16,168 900 20,330 172 34,650 19,148 870 24,659 613 3,090 69,495 3,703 73,198 79,499
GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRE5BERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (convdl 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Re5trirted Funds Endowment Funds Total 2024 Total 2023 Sexton Books etc. Bank Charges Repairs Advertising Rates, heat, and light Congregational Weekend Gift Aid FIXED ASSETS The congregation owns the Church premises situated at 23-25 Portstewart Road, Portrush, BT56 8EH and the associated fixtures, fittings, plant, and machinery. The Church and Church Hall are deemed to be Heritage assets as defined by the Charities SORP IFRS1021. These Heritage assets are not included in the statement of assets and liabilitie5 as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the church. The Manse was built in 1900. There are no reliable records of the cost of this construction/ acquisition and valuation approach for such a building lacks sufficient reliability. As a result, this building is not recognised in the Statement of Assets and Liabilities. The contents of the properties have been acquired over a long number of years. There are no reliable records of the cost of these. As a result, the content is not recognised in the Statement of Assets and Liabilities.
GLENMANUS REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOVNTS Icont'd) 31 December 2024 10. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 National Savings & Investments
GLENMANUS REFORMED PRESBYfERIAN CHURCH CONGREGATION OFTHE REFORMED PRE5BERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (conydl 31 December 2024 11. FUND BALANCES Fund Balance at start Receipts Payment surplus / (Deficit} Transfer Balance at end Unrestrirted Funds General Account 116.988 70,509 69,631 878 117,866 116,988 70,509 69.631 878 117,866 Restricted Fund5 General Fund Patton Trustees Account Women's Fellowship Sabbath School Media Library Friendship Group 2,819 2,819 30 530 54 1,883 150 70 264 216 1281 iioi 1141 1.855 140 56 264 424 520 478 270 208 2,583 3,859 3,703 156 2,739 Endowment Funds Total 119,571 74,368 73,334 1,034 120,605 io