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 PRESB￿ERIAN 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 pREsB￿ER1AN 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 PRESB￿ERIAN 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