Presbyter an MONEYDIG PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2022 Registered Charity in Northern Ireland {NIC105315}
MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022 Note Unrestricted Restricted Funds Funds Endowment Funds Total 2022 Total 2021 Receipts Donations and legacies Charita ble activities Other trading activities Investment Income Other 58,592 500 116 731 27,668 400 7,050 51 86,260 900 7,166 782 85,737 525 3,109 1,220 59,939 35,169 95,108 90,591 Sale of Investments Sale of fixed assets Loans Received Total Receipts 59,939 35,169 95,108 90,951 Payments Raising funds Charitable activities Other 39,447 18,387 767 57,834 767 63,149 11,035 39,447 19,154 58,601 74,184 Purchase of Investments Purchase of fixed assets Loan Repayments 249 249 Total Payments 39,447 19,403 58,850 74,184 Net receipts1 {payments) Transfers between funds 20,492 15,766 36,258 16,407 Net movement in funds Funds brought forward 20,492 52,359 15,766 44,334 36,258 96,693 16,407 80,286 Funds carried forward 12 72,851 60,100 132,951 96,693
MONEYDIG PRESBERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestricted Restricted Endowme Funds Funds nt Funds Total Funds Total Funds 2022 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 52,359 20,492 44,334 15,766 96,693 36,258 80,286 16,406 Bank and Cash at end of year 72,602 60,349 132,951 96,692 Bank & Cash Balances General Fund Account Repairs Account Hall Account Missions Account United Appeal Account Raye Torrens Memorial Account Sabbath School Catering Bowling Club 74,301 45,720 1,454 713 170 131 686 3,360 993 1,413 2,634 662 714 52,806 31,756 658 838 131 408 3,435 1,161 1,793 2,366 627 712 Campaigners Youth Fellowship Moneydig Holiday 132,951 96,692 Other Assets Fixed Assets- Note 10 Church Manse 472,000 472,000 Church Hall and Contents Church and Contents 503,000 1,048,000 503,000 1,048,000 Investments- Note 11 Gift Aid receivable on donations 31,750 12,000 31,750 12,000 2,199,700 2,066,750 Total Assets 2,199,700 2,147,036 Liabilities Interest Free Loan from Congregation (12,000) (12,0001 10
Approved by the Kirk Session at a meeting on 16th Oct. 2023 and signed on its behalf by Mr. Steven Torrens Date: 17/10123 11
MONEYDIG PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 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 lal 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 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 congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds Endowment Funds Total 2022 Total 2021 Recorded giving: Loose collections Donations and gifts Gift Aid 48,228 60 10,304 455 22,373 4,840 48,683 22,433 15,144 48,927 22,119 14,691 58,592 27,668 86,260 85,737 12
MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 500 400 900 525 500 400 900 525 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restrirted Funds Endowment Funds Total 2022 Total 2021 Letting of premises Trading income 35 81 7.050 7,085 81 3,109 116 7,050 7,166 3,109 INVESTMENT INCOME Unrestrirted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Deposit interest General Investment Fund Rents - investment properties Other investment income 238 493 242 540 190 1,030 47 731 51 782 1,220 13
MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE pREsBER1AN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2022 OTHER INCOME Unrestricted Funds Restricted Funds Endowrnent Funds Total 2022 Total 2021 Insurance claims Other income RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 FWO envelopes Fundraising events CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 4,891 347 7,948 21,019 5,242 4,891 347 7,948 27,404 17,244 5,266 307 21,479 19,631 14,966 6,385 12,002 1,500 39,447 18,387 57,834 63,149 14
MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2022 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Investment Property Expenses Repairs 249 767 1,016 11,035 249 767 1,016 11,035 10. FIXED ASSETS The congregation owns the Church premises situated at 45 Moneydig Road, Coleraine, BT51 SJN, and the associated fixtures, fittings, plant and machinery. These have an insurance value of £2,204,918. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. Total 2022 Total 2021 NFU Mutual Bond J McCahon/J Adams 31,000 750 31,000 750 31,750 31,750 15
MONEYDIG PRESBERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2022 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds General Account 52,359 59,939 (39,448) 20,491 72,850 52.359 57,934 (37,443) 20,491 72,850 Restricted Funds Repairs Account Hall Account Missions Account United Appeal Account Raye Torrens Memorial Fund General Account Sabbath School Catering Bowling Club 31,757 658 838 14,630 1,045 8,360 5,172 1667) 12491 (8,4851 (5.0031 13,963 796 {125) 169 45,720 1,454 713 170 131 1,451 686 3,360 993 1,413 2,634 662 714 131 447 408 3,435 1,161 1,793 2,366 627 712 2,246 456 400 (1,2421 {1781 {475) 11681 (1,805) 1592) (520) 118) 1,004 278 (75) (168) {380) 268 35 1,425 860 555 20 Campaigners Youth Fellowship Moneydig Holiday 44,334 35,169 {19,402) 15,767 60,101 Endowment Funds Total 96.693 93,103 {56,845) 36,258 132,951 16