Reformed Presbyterian Church OF IA£LAND CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND STATEMENT OF FINANCIAL AcfiviTY {Receipts and Payments Account) for the year ended 31 December 2024 Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Note Receipts Donations and legacies Charitable activities Other trading activities Investment Income 111.130 111,130 97,410 Other 111,130 111,130 97,410 Sale of Investments Sale of fixed assets Loans Received Total Receipts 111,130 111,130 97,410 Payments Raising funds Charitable activities Investment costs Other 62.441 16,251 78.692 86,855 62.441 16,251 78,692 86,855 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 62,441 16,251 86,855 86,855 Net receipts / {payments) Transfers between funds Net movement in funds Funds brought forward Funds carried forward 48,689 -16,251 32,437 75,451 107,889 -16,251 16,251 32,437 10,555 32,437 75,451 107,889 10,555 64,896 75,451 131Page
Reformecl Presbyterian Church OF IKELA.X'D CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2024 Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 75,451 32,437 75,451 32,437 64,890 10,555 Bank and Cash at end of year 107,889 107,889 75,451 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 25,000 82,889 19,000 56,451 107,889 74,896 Other Assets Fixed Assets- Note 7 Church Buildings, Hall & Contents Manse Buildings & Contents Investments- Note 8 1,504,781 1,139,836 1,504,781 1,139,836 Liabilities Loans Other th Approved by the Session at a meeting on 16 October 2025 and signed on its behalf by Joel Loughrid David Loughridge th 16 October 2025 th 16 October 2025 141Page
ReforTned Presbytenan Church OF IRELA%D CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2024 ACCOUNTING POLICIES 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 (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 Restrirted Endowment Funds Funds Total Total 2023 2024 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 91,527 170 74,450 170 19,433 74,450 4.040 18,927 19,433 111,130 111,130 97,410 151 Page
Reforrned Ftesbytellan Church OF IKELAND CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2024 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Income from charitable activities: Fees from weddings and funerals Fundraising events Membership fees Grants OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Income from charitable activities: Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment properties Other investment income 161page
ReforTHJ F¥esbyterian Church OF IRELAND CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Presbytery fees Ministry and 5UPPOrt staff costs Congregational running expenses Donations to Missions and charities Governance costs 140 36.398 25,903 140 149 36,398 34,654 25,903 38,738 16,251 13,314 16,251 62,441 16,251 78,692 86,855 FIXED ASSErs The congregation owns the Church premises situated at Drumbare Road, Cloughmills, Co Antrim and the associated fixtures, fittings, plant and machinery. These have an insurance value of £ 1,504,781 at last renewal date. 171Page
Reformed Ftesbytenan Church OF IKELAND CLOUGHMILLS CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2024 10. Summar of Accounts Balance at Start Sur lus Deficit Balance at End Recei Pa ments Tfr In Tfr Out Unrestricted Funds General Fund Investment Account Building Fund 19,OlJJ 98,415 62,441 44,194 -8,220 25,OC 15,658 32,437 10,779 25,000 72,110 107,889 25,0(K) 2,943 27,943 56,452 75,452 12,715 111,130 62,441 44,194 Restricted Funds Missions Appeals WF to Peru Sabbath School Youth Clubs Go Week Specified Donations 6,010 5,290 1,583 304 1,113 1,951 6,010 5,290 1,583 304 1,113 1,951 16,251 78.692 16.251 44,194 75,452 111,130 44,194 32,438 107.889 181page