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

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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

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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

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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
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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

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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

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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