an THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 24,097 3,914 2,538 28,011 2.538 29,192 2,630 1,859 7,065 96,763 508 98,622 7.573 77,537 1.062 33,021 103,723 136,744 110,421 Sale of Investments Sale of fixed assets Loans Received Total Recelpts 33,021 103,723 136,744 110,421 Payments Raising funds Charitable activities Earmarked Interest Other 31,930 39,756 89,882 71,686 89,882 55,467 71,787 31.930 129.638 161,568 127,254 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 31,930 129,638 161,568 127,254 Net receipts / Ipaymentsl Transfers between funds 1,091 (25,915} {24,824) (16,833} Net movement in funds Fund5 brought forward 1.091 74,041 {25,915) 127,246 {24,824) (16,833) 201287 218,120 Fund5 carried forward io 75,132 101,331 176,463 201,287 13
an THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestrlcted Funds Restrlcted Funds Endowment Total Funds Total Funds 2024 Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 74,041 1,091 127,246 {25,915) 201,287 218.120 {24,824) (16,833) Bank and Cash at end of year 75,132 101,331 176,463 201,287 Bank & Cash Balances Bank Current Accounts Bank Deposit Accounts Cash in Hand 46,381 130,082 72,496 126,791 176,463 201,287 Other Assets Fixed Assets - Note 9 Buildings & Contents 225,000 225,000 225,000 225,000 Liabilitles Loans Other Approved by the Presbytery Business Committee at a meeting on 16th October 2025 and signed on its behalf by Name Rev Stephen Hibbert Name Rev Colin McKibbin Signed Signed Date 16th October 2025 Date 16th October 2025 14
Presbyter an THE DERRY & DONEGAL PRESBYfERY OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the Presbytery is less than £250,000 the Presbytery has 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. These accounts do not incorporate the accounts of the congregations assigned to the Presbytery. These have a separate legal identity and are individually registered with the Charity Commission for Northern Ireland. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the Presbytery'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 grants for a specific Presbytery 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 Presbytery's general purposes. Designated funds are general funds set aside by the Presbytery for use in the future. DONATIONS AND LEGACIES Unrestricted Fund5 Restricted Funds Endowment Funds Total 2024 Total 2023 Asse55ments on congregations Collection5 at events Donations and gifts 23,657 440 23,657 2,103 2,251 26,117 1,285 1,790 1,663 2,251 24,097 3,914 28,011 29,192 15
Presbyter an THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARrrABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Fundraising events Grants 2,538 2,538 2,630 2,538 2,538 2,630 OTHER TRADING AcfiviTIES Unrestrirted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Letting of premises Trading income INVESTMENT INCOME Unrestrlcted Funds Restrlcted Funds Endowment Funds Total 2024 Total 2023 Deposit interest 1,859 1,859 88 Investment interest 96,763 96.763 77,449 1.859 96.763 98,622 77,537 16
Presbyter an THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 OTHER INCOME Unrestrlrted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Advertising & Sale Receipts News Sheets Refund Supply/Vacancy Conveners Fees From Exodus toward5 Utility costs - Strand Road property Other Income 4,766 4,766 2,299 2.299 1,062 508 508 7,065 508 7,573 1,062 RAISING FUNDS Unrestrfcted Funds Restricted Funds Endowment Funds Totsl 2024 Total 2023 Fundraising events 17
Presbyter an THE DERRY & DONEGAL PRESBYTERY OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTivmES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Presbytery ministry and support- staff costs 23.545 23,545 20.134 Pulpit & sick supplies Cost of producing news sheets Presbytery running costs Donation5 and grants to mi55ions- and charities Gifts Cost of events Currency Conversion Governance costs 3.008 598 3.008 14,993 14,395 16.136 500 600 3,153 526 24,384 24,884 600 3,153 1,503 13,889 600 1,784 2,924 977 31,930 39,756 71,686 55,467 FIXED ASSErs The Presbytery owns the premises situated at Strand Road Londonderry and the associated fixtures, fittings, plant and machinery. These have been professionally valued on 13 July 2023 at £225,000. 18
Presbyter an THE DERRY & DONEGAL PRESBYfERY OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 10. FUND BALANCES Fund Balance at stsrt Recelpts Payment Surplus / (Deficit) Transfer Balance at end Unrestrirted Funds Presbytery Incidental Fund 74,041 33,021 31,930 1.091 75,132 74,041 33,021 31.930 1,091 75,132 Restrlcted Funds Incidental Interest Fund L.P.C.M. Fund Education Board Strand & Buncrana Account Youth Council Education Award Scheme PW Link 2,200 86.835 230 15,832 11,115 10,809 225 1,915 950 89,629 1,160 905 1,010 14,000 113,050) 89,704 (75) 13,116 (11956) 469 (469) 10,358 {1,299} 1,086 (76) 3,210 73,785 155 3,876 10,646 9,510 149 9,059 1,010 127,246 103,723 129,638 {25,915) 101,331 Total 201, 287 136,744 161,568 (24,824) 176,463 19