DONAGHEY CONGREGATIONAL CHURCH STATEMENT OF FINANCIAL AcfiviTY {Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restrirted Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 53844 1700 9328 924 63172 2624 65215 1535 295 252 58 353 252 285 475 Total Receipts 56091 10310 66401 67510 Payments Raising f u nds Charitable activities Investment costs Other 53184 9725 62909 70918 Total Payments 53184 9725 62909 70918 Net receipts / (payments) Transfers between funds 2907 585 3492 {34081 Net movement in funds Funds brought fonNard 2907 19955 585 2912 3492 22867 134081 26275 Funds carried fonNard 11 22862 3497 26359 22867
DONAGHEY CONGREGATIONAL CHURCH STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restrirted Total Fund5 Total Funds Funds 2024 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 19955 2907 2912 585 22867 3492 26275 134081 Bank and Cash at end of year 22862 3497 26359 22867 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 22862 3472 25 26334 25 22842 25 26359 22867 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Gift Aid receivable on donations Liabilities Loans Other
DONAGHEY CONGREGATIONAL CHURCH NOTES TO THE ACCOUNTS 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 balance5, 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 Restricted Funds Totsl 2024 Total 2023 Recorded giving= Loose collections Donations and gifts Gift Aid Legacies and bequest 41701 1179 5630 5334 295 738 8295 41996 1917 13925 5334 46142 4277 9246 5550 53844 9328 63172 65215
DONAGHEY CONGREGATIONAL CHURCH NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fee5 Grants 924 924 1700 845 690 1700 1700 924 2624 1535 4. OTHER TRADING AcfiviTIES Unrestrirted Funds Restricted Funds Total 2024 Total 2023 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Deposit i nterest 295 58 353 285 295 58 353 285
DONAGHEY CONGREGATIONAL CHURCH NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Magazines Expenses Contribution 252 252 475 252 252 475 RAISING FUNDS Unrestrirted Funds Restricted Funds Total 2024 Total 2023 FWO envelopes Fund ra ising events CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Ministry and support staff costs Congregational running expenses Donations to Missions and charities 31270 18168 3746 31270 20325 11314 30344 27267 13307 2157 7568 53184 9725 62909 70918
DONAGHEY CONGREGATIONAL CHURCH NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Total 2024 Total 2023 Investment properties expenses 10. FIXED ASSETS The congregation owns the Church premises situated at 30 Killygarvan Road, Dungannon, BT714DA and the associated fixtures, fittings, plant and machinery.
DONAGHEY CONGREGATIONAL CHURCH NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds No. l Account 19955 56091 53184 2907 22862 19955 56091 53184 2907 22862 Restricted Funds Repair Fund Women's Bright Hour Missionary Cause Sunday School Youth Focus Audio Ministry 518 1049 1123 iii 28 83 734 1754 7446 125 686 1593 7048 145 48 161 398 120} 566 1210 1521 91 28 81 251 253 (21 2912 10310 9725 585 3497 Total 22867 66401 62909 3492 26359