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