St Molua's Church, Stormont Recelpts and Payments Accounts for the Year Ended 31st December 2024 I, General Account Unrestricted Restricted Notes Fund5 2024 Funds 2024 Total 2024 Total 2023 Receipts Free Will Offering Gift Aid Tax Reclaimed Investment Interest Gifts Special Envelope Collections Collections for Charitable Appeals Fu ndraislng Events Rental of Prem15es Flower Festlval Temporary Loan M iscellaneous Gifts Sundrles Revenue held for Organlsatlons 67,382.50 27,383.78 449.64 67,382.50 27,383.78 449,64 9,850,50 5,157.60 3,917.82 5,924.30 5,289.86 65,132.50 15,204.67 443.00 9,850.50 2,551.86 2,882,00 5,157.60 3,917.82 5,924.30 19,561.55 3,185,00 6,000.00 4,500.00 10,275.00 486.21 5,289.86 1,600.00 1,600.00 1,166.00 1,166.00 Total Receipts 107,263.38 20,858.62 128,122.00 130,221.79 Expenditure Wages & Salaries Diocesan Costs/Assessments Adm in55tration Costs Church Running Costs I nsurance Uti lities Charitable Donatlons Bank Loan Repayments Minor Repalrs & Maintenance Sundries Transferto Repair Fund PubllcatSons Flower Festival Expense5 39,600.38 14,784.15 3,188.46 9,165.QKI 4,680.(X) 6,997.91 39,600.38 14,784.15 3,188.46 9,165.00 4,680.00 6,997.91 7,461.43 4,587.18 4,059.68 7,638.01 15,774.80 60,161.41 17,443.10 3,143,00 9,692.50 9,263.34 5,606.25 4,172.32 9,930.96 2,016.15 7,461.43 4,587.18 4,059.68 7,638.01 io li 12 15,774.80 884.99 8,088.13 Total Expenditure 94.700.77 23,236.23 117,937.00 130,402.15
Unrestricted Restricted Note5 Funds 2024 Funds 2024 Total 2024 Total 2023 2. Repair Account {Re5trlcted Funds) Recelpts Bank Interest Transfer from General Account 18.49 15,774.80 18.49 15,774.80 38.58 12 Total Incorne 15,793.29 15,793.29 38.58 Payment5 Messy Church Expenses JAM Club Expenses Outreach Expenses Bank Fees Flower Festival Expenses 155.95 946.18 808.74 155.95 946.18 808.74 32.05 3,189.15 34.10 6,102,00 32.05 Total Payments 1,910.87 1,942.92 9,325,25
Summary of Receipts and Payment-General Account YEAR 2024 YEAR 2023 Total Receipts 128,122.00 130,221,79 Total Payments 117,937.00 130,402.15 Surplus (Deficitl 10,185.00 1. 180.36) Summary of Recelpts and Payments- Repair Account YEAR 2024 YEAR 2023 Total Recelpts 15,793.29 38.58 Total Payments 1,942.92 9,325.25 Surplus {Deficit) 13,850.37 {_9,286,67) RECONCILIATION OF CASH FUNDS Cash in Current Account Cash in Repalr Account Total Total cash funds at l January 2024 11,170.61 19,223,98 30,394.59 Receipts for the Year 2024 128,122.(M) 15,793.29 143,915.29 Payments for the Year 2024 117,937.00 1,942.92 119,879.92 Total cash funds at 31 December 2024 21,355.61 33,074.35 54,429.96
Statement of Assets and Liabilities as at 31 December 2024 Unrestricted Funds 2024 Restricted Funds 2024 Total 2024 Total 2023 CASH FUNDS Current Accounts 21,355.61 33,074.35 54,429.96 30,394.59 Total Cash Funds 21,355.61 33,074.35 54,429.96 30,394.59 INVESTMENT ASSETS Investment In RCBICIT UnSt Trusts 10,000.00 10,000.00 io,000,00 Total Investment Assets 10,000.00 10,000.00 10,000.00 ASSETS RETAINED FOR THE PARISH'S OWN USE Church and Hall 3,753,717.00 3,753,717.00 3,753,717.00 Rectory 310,000.00 310,000.00 3 10,000.00 Total Asset5 Retained For The Parish's Own Use 4,063.717.00 4,063,717.00 4,063,717.00 LIABILITIES Busine55 loan wlth Danske Bank- outstanding Balance as at 31 December 2024 £11,300.75 The flnanclal statement above was presented to trustees on 24 March 2025 and signed on behalf of the Trustees. Trustee I rances Hastie 24 March 2025 Trustee 2 Sharon Beck 24 Marth 2025
NOTES TO THE FINANCIALSTATEMENT FOR THE YEAR ENDING 31" DECEMBER 2024 Accounting Policies Set out below a re the prlncipal accounting pollcles which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities:. la) Receipts and Payments Account All items of Income and expenditure included within the Receipts and Payments Account have been accounted for on a cash recelpts basis. bl Statement of Assets and Liabilities The assets of the Parish, retained for its own use are the Church Building, the Parochlal Hall and the Rectory. The figures glven in respect of the value of the Church and Hall is value provlded by the Church's Insurers. The value of the Rectory Is based on the current valuation for rateable purposes. Purpose of Restricted Funds Restricted funds are funds subjected to specified requirements as to their use which may be declared by the donor or wlth their authority or created through legal processes but st511 withln the wlder objects of the Pa rlsh. The main source of restrlcted funds in St Molua's is the Repalr Fund which is used to fu nd sign ificant structural projects within the Ch urch PremlsÈs, including the Rectory and mlssion work with earmarked funding. The only expenditure out of the Repair Fund in 2024 was for MSsslon work as there were no major project works undertaken in 2024. other sources of Restricted Fund5 were fund raising events and charltable contributions whlch were earmarked for speclflc purposes. Purpose of U nrestrlcted Funds Unrestrlcted funds are expendable at the discretion of the trustees In furtherance of the objectives of the Church. Conflict of Interest No trustee or a person related to a trustee had any personal interest In any contract or transaction entered into by the Charlty during the year.
INCOME l. Speclal Envelopes / Collectlons Contact Magazine Malntenance Gift Day Harvest Carol Service Total £365.00 £2,775.00 £395.00 £1,390.00 £232.60 £5 157.60 2. Charitable Appeals Bishops, Appe31123} Blshops, Appe311241 Christia n Aid Church Ministry of Healing Down & Dromore Bike Appeal Scrlpture Unlon (Chu rch Unity) Total £350.00 £382.00 £1,730.50 £326.00 £1,047.32 £82.00 3. Fundralslng Events Ca lendars £20.00 Quiz & Curry Nlght £670.IXI Sprlng Coffee Mornlng £962.00 Donation for Posters £45.00 Musical Evenlng- Stormont Choir £1,079.00 Groomsport Gardenlng- Evenlng Meal £540.IK) Harvest Supper £400.(KI Carrick Walking Group- Morn Coffee £105.(KI Chrlstmas Fare £1,052.30 Chrlstmas Hamper £451.lJJ Brea kfast with Santa £600.00 Total 4,3 4. Rental / Hall Hlre Badminton Club CSM Property Conslentio Dundonald Arts Club Hat Trick Kiddle Mart Knock Presbyterlan Melisma NIO Party Hire USOCM Zumba Total £350.00 £33.00 £250.00 £1,590.00 £350.00 £80.00 £95.00 £250.00 £355.86 £104.00 £ioo.00 £1732.00 289
- Sundrie5 Repayment of Copyright Penalty Collection for Farewell Present Total £550.00 £1050.
- Revenue Held for Organisations Bookclub Little Angels Messy Church Stormont Choir Total £500.00 £134.00 £52.00 £480.00 £1 166 00 EXPEIVDITURE
- Administ¥ation Copyright Licences Entertaln ment Llcence Photocopier IT & Software Licences statlonery & Postage Total £509.72 £50.00 £1,796.26 £347.99 £484.49 3 188.46
- Church Running Costs Clean ing Contractor Organists & Organ Malntenance Supply M ini5ters Total £3,600.00 £5,115.00 £450.00
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Payments Made to Charities Bible Society INI) Black Santa Appeal Blshops Appeal Christian Aid Christians Against Poverty Church Ministry of Healing Down & Dromore Bike Appeal Dundonald Food Bank Mercy Ship5 Mission to Seafarers Reaching Hand Scrlpture Union Total £200.00 £900.00 £350.00 £1,707.11 £1250.00 £525.00 £1,247.32 £600.00 £200.00 £200.00 £200.00 £82.00
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Minor Repairs Rectory Roof £200.00 Security Alarms £137.32 Rectory Boiler Servlcing £70.00 Flre Fighting Equip Servicing £202.56 seicIng & Repair of Boilers £1,510.80 Electrical Testing £1,424.00 Replacement Frid8e Freezer {Rectory} £515.00 Total
- Sundries Bank Fee5 Book Club Expenses Catering Expenses Copyright Penalty Land & Property 5eNices- Rates Ministerfs Farewell Presentallon Publlcatlons Short Term Loan Repayment Royal school of Music Total £175.87 £172.08 £355.79 £550.00 £1,353.78 £1,050.00 £97.49 £3,750.IJ) £133.00
- Transfer to Repalr Account {Restricted Funds) Specif led Gifts & Donations £9,850.50 Fundraising Revenue £5 9?.4.30 Total
- Repalr Account {Restrlcted Funds} Openlng Balance as at l January 2024 £19,223.98 Income Bank Interest £18.49 Transferred from General Account E15 774.80 Totul Income £15 793.29 Expenditure Me55y Church £155.95 Jam Club £946.18 Outreach £808.74 Bank Fees £32.05 Total Expenditure £1942.92 Closing Balance a5 at 31 December 2024 £33 074.35