BALLYMENA PRESBYfERYOFTHE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) for the year ended 31st December 2024 Note Unrestrictod Funds Restricted Funds Endowment Funds Total 2024 Total 2023 cei Donations and legacie5 Charitable activities Other trading activities Investment Income Other 1,598 16,649 2.750 4,348 16,649 3,939 15,957 32 647 18,925 32 822 21,850 27 708 20,632 175 2,925 Sale of investments Sale of fixed assets Loans received alR 18,925 2,925 21,850 20,632 Raising fund5 Charitable activities Investment costs Other 19,604 1.358 20,962 24,590 19,604 1,358 20,962 24.590 Purchase of investments Purchase of fixed assets Loan repayments en 19.604 1,358 20,962 24,S90 Net receipts / (payment51 Transfer between funds 16791 1,568 888 13,9581 Net movement in funds Funds brought forward 16791 7,655 1.568 2,654 888 10,308 13,9581 14,267 Fund5 carried forward 12 6,975 4,221 11,197 10,308
BALLYMENA PRESBYfERY OFTHE PRESBERIAN CHURCH IN IRELAND STATEMENT OFASSETS AND LIABILITY As at 31st December 2024 Unrestricted Fund5 Restrlrted Funds Endowment Funds Total Funds 2024 Total Funds 2023 Funds reconciliation Funds balance at sta rt of year Net movement in funds 7,655 16791 2.654 1,568 10,308 888 11,911 11,6021 Funds balance at end of year 6,975 4,221 11,197 10,308 Bank and C sh B lan Bank Deposit Accounts Bank Current Account5 Cash in Hand 11.197 10,308 11,197 10,308 Oth rAs Fixed Assets - Note 10 Investments- Note 11 Gift Aid receivable on donations Loans Approved bythe Presbytery at a meeting on 4th March 2025 and signed on its behalf bv.. erator 4th March 2 Clerk 4th March 2025
BALLYMENA PRESBYfERY OFTHE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31st December 2024 I. ACCOUl+ifiNG POLICIES BA515 OF FINANCIAL STATEMENTS As the total income of the Presbytery is less than £250,000 the Presbytery have elected in accordance with the provisions in The Charities IAcounts and Reports Regulations (Northern I relandl 2015 to prepare its account5 on a receipts and payments basis. 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 lal income from endowments which is to expended only on the restricted purposes intended by the donor and Ibl revenue donations or grant5 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 bala nce 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, 2. DONATIONS AND LEGACIES Unrestricted Funds Restritted Funds Endowment Funds Total Funds 2024 Total Fu nds 2023 Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequests 1,598 176 2.574 1,774 2,574 1,550 2,389 Tot31 1,598 2,750 4,348 3,939
BALLYMENA PRESBYfERY OFTHE pRES8ERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 315t December 2024 3. CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2024 Total Funds 2023 I ncome from charitable activities Fundraising events Membership fees Gr3nts received 16.649 16,649 15,957 Total 16,649 16,649 15,957 4. OTHER TRADING AcfiviTIE5 Unrestricted Funds Restricted Funds Endowment Fund5 Total Funds 2024 Total Funds 2023 Letting of premises Trading income Total 5. INVESTMENT INCOME Unrestricted Funds Restricted Funds End0vent Funds Total Funds 2024 Total Funds 2023 Deposit Interest General Investment Fund Other investment income 17 15 17 15 16 12 Total 32 32 27
BALLYMENA PRESBYfERY OFTHE PRESBYfERIAN CHLIRCH IN IRELAND NOTES TO THE ACCOUNT5 Icont'd) 31st December 2024 6. OTHER INCOME Unrestrlcted Funds Restricted Funds Endowment Funds Total Funds 2024 Total Funds 2023 I nsurance claims Other income 647 175 822 708 Total 647 175 822 708 7. RASING FUNDS Unrestricted Fund5 Restricted Funds Endowment Funds Total Funds 2024 Total Funds 2023 Fundraising events Total 8. CHARITABLE AcfiviTIES Unrestricted Funds Restrlcted Funds Endowment Fund5 Total Funds 2024 Total Funds 2023 Ministry and support staff costs Presbytery running expenses Don3tion5 to Missions and Charities Governance costs 14,781 3,226 1,598 14,781 3,713 2,469 14,079 5,256 5.255 487 871 Total 19,604 1,358 20,962 24,590
BALLYMENA PRESBYfERY OF THE PRES8YfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'dl 31st December 2024 9. OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2024 Total Funds 2023 I nvestment properties expenses Total 10. FIXED ASSETS The Presbytery does not own or have an interest in any property. 11. INVESTMETrrrs 2024 2023 Details of the investment as at 31112124 Total
BALLYMENA PRESB YfER Y OFTHE pRESERlAN CHURCH IN IRELAND NOTES TOTHE ACCOUNTS Icont'dl 31st December 2024 12. FUND BALANCES Balance at start Receipts Poyments Surplus / (Deficit) Transfer Balance at end nr Fun General Account 7,655 18,925 19,SD4 16791 6,975 Total 7,655 18,925 19,604 16791 6,975 tricte Youth Account Mission worker account Trainin8 account PW Link 1,130 1.130 1,601 1,091 400 1,723 175 1,027 123 225 I,DlO 1,601 1501 17 1,141 383 Total 2,654 2,925 1,358 1,568 4,221 Bequest FurKI Total Total 10,308 21,850 20,962 888 11,197