MERF Ireland
STATEMEMf OF FINANCIAL AcnviTY (Receipts and Paments Account)
for the year ended 31st De¢ember Z024
Note
Unrestrfjtted
Funds
Re5trirted
EndowmÈnt
Funds
Total
Yolal
2023
Funds
2024
Recei
Donations and legaoes
Other income
15.0(KJ
38.118
53.118
74,276
15,0(Ll
38.118
53.118
74,276
Sale of investments
Sale of fixed assets
Loans reteived
Total Recei
ts
38.118
53,118
74.276
Raising funds
Charitable activities
6,460
16.396
22,856
6,460
29,396
35,856
2,021
46.594
48,615
13.0
13.OLK)
Purchase of investments
Purchase of fixed asset5
Loan repayments
Total Pa
ments
22.856
13.(KY)
35.856
48,615
ceiPt5 1 Ipayrnentsl
Transfer between fund5
23,118
17.262
25,661
Net movement in funds
Fund5 brought forward
17.8561
39,460
25.118
12,070
17.262
51,530
25,661
25.869
Funds carried forward
31.604
37.188
68.792
51.530

MERF Ireland
STATEMENT OF ASSETS AND LIABILI
As at 31st December 2024
UnreStrirted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2024
Total Funds
2023
Funds reconcillation
Bank and Cash at start of year
Net movement in funds
39.460
17.8561
12.070
25.118
51,530
17,262
25,869
25.661
Bank and Cash at end of veèr
31,604
37,188
68.792
51.530
Bank and Cash Balances
Bènk Oep051t Accounts
Bank Current Accounts
68,790
51.528
68.792
51,530
Other Assets
Fi¥ed A55et5- Note 6
Investments- Note 7
Liablitie5
Loan5
Approved by the Trustees at a meeting on
L/311{
and signed on its behalf bv..
Trustee
Date..

MERF Ireland
NOTES TO THE ACCOUNTS
31st December 20Z4
I. ACCOUNTING POUCIES
BASIS OF FINANCIAL STATEMENTS
A5 the total income of MERF Ireland 15 less than £250.fXKJ the Trustees have elerted in accordance with the provÉsion5 in The
Charities IAcounts 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 retsined either permanently or at the Trustee5' discretion. the
income derived from the endowment IS to be used erther as restrittèd or unrestricted income funds depending upon the
purpose for which the endowment was established ir* the first place.
Restritted funds comprise lal incomÈ from endowments which is to expended only on the restrirted purposes intended by
the donor and Ibl revenue donations or grants for a specific MERF Ireland activ4ty 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
ba515.
Unrestricted fund5 are income fund5 which are to be spent on MERF Ireland's general purposes. Designated fund5 are
general funds set aside for use in the future.
2. DONATION5 AND LEGACIES
Unrestricted
Funds
Restrirted
Funds
Endowment
Funds
Total Funds
2024
Total Funds
2023
Donation5
Legacies
Gift Aid
15.000
38.118
53,118
74,276
Total
15,(KKJ
38.118
53,118
74,276
3. OTHER INCOME
Unrestricted
Funds
Restrirted
Endowment
Funds
Total Funds
2024
Total Funds
2023
Insurance claims
Investment Income
Other income
Total

MERF Ireland
NOTES TO THE ACCOUNTS Icont'dl
3tst December 2024
4. RAISING FUNDS
Unre5trirted
Funds
Restricted
Funds
Endowment
Funds
rotal Funds
2024
Total Funds
2023
Postage Costs
Franking Machine Rental
Printing newsletter
4.318
432
4.318
432
971
70
1.710
1.710
980
Total
6,460
6,460
2,C121
5. CHARITABLE Acriv￿lEs
Un￿$t￿cted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2024
Total Funds
2023
Transfer to Cyprus
Payments from designated funds
Zoom and website
Gifts
Subscription
Travel Expenses
Insurance
15.0
15.000
,000
10.000
33,966
13,(#JJ
737
737
2,157
403
69
433
226
433
226
Printing
Total
16.396
13.C
29,396
46.594
6. PAYMENTS FROM DESIGNATED FUNDS
Radio Ministry
Church Planting
Relief/Diaconal Aid general
Diaconal Aid- Syria/Turkey
Diaconal Aid- Syria
Mu51irn Outreach
Syria Earthquake ￿ctimS
Iijo
260
1,550
200
40
31,216
13.000
Total
13.m)
33.966
7. FtXEDASs￿s
MERF Ireland ha5 no fixed assets
8. INVESTMENTS
2024
2023
Details of the investment as at 31st December 2024
Total