an
MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF
THE PRESBYfERIAN CHURCH IN IRELAND
Trustees Annual Report and Financial Statements
for the year ended 31 December 2023
Registered Charity in Northern Ireland {NIC105315)

MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account)
for the year ended 31 December 2023
Note
Unrestricted
Funds
Restricted
Fund5
Endowment
Funds
Total
2023
Total
2022
Receipts
Donations and legacies
Charitable activities
Other trading activities
Investment Income
Other
65,842
26,558
400
6,050
73
92,400
400
6,689
920
86,260
900
7,166
782
639
67,328
33,081
100,409
95,108
Sale of Investments
Sale of fixed assets
Loans Received
Total Receipts
67,328
33,081
100,409
95,108
Payments
Raising funds
Charitable activitie5
Other
42,723
18.520
7,464
61,243
7,464
57,834
767
42.723
25,984
68.707
58.601
Purchase of Investments
Purchase of fixed assets
Loan Repayments
249
12,000
12,000
Total Payments
54,723
25,984
80,707
58,850
Net receipts / (payments)
Transfers between funds
12,605
7,097
19,702
36,258
Net movement in funds
Funds brought forward
12.605
72,851
7,097
60,100
19,702
132,951
36,258
96,693
Funds carried forward
12
85,456
67,197
152,653
132,951
10

MONEYDIG PREsB￿ERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2023
Unrestricted
Funds
Restricted Endowmen
Funds
t Funds
Total Funds
2023
Total Funds
2022
Fund5 Reconciliation
Bank and Cash at start of vear
Net movement in fund5
72,851
12,605
60,100
7,097
132,951
19,702
96,693
36,258
Bank and Cash at end of year
85,456
67.197
152.653
132,951
Bank & Cash Balance5
General Fund Account
Repair£ Account
Hall Account
Missions Account
United Appeal Account
Raye Torren5 Memorial Account
Sabbath School
Catering
Bowling Club
86,527
53,513
616
742
104
131
689
3,758
644
1,233
3,182
743
771
74,301
45,720
1,454
713
170
131
686
3,360
993
1,413
2,634
662
714
Campaigners
Youth Fellowship
Moneydig HolidAy
152,653
132,951
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
InvestmentE- Nate 11
Gift Aid receivable on donations
33,126
14,500
31,750
12,000
2,223,279
2,199,700
Total
A55ets
2,223,279
2,199,700
Liabilities
Interest Free Loan from Congregation
{12,0001
11

MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF ASSEfs AND LIABILITIES (convd)
Approved by the Kirk Session at a meeting on 29 August 2024 and signed on its behalf by
Mr. Steven Torrens
Date: 14 Octobe 2024
12

MONEYDIG PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBrfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250,000 the congregatlon 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 fund5 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 restrir_tpd
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.
Unrestrlcted fund5 are income fur7ds which are to be Spent on the congregation's general purp05e5.
Designated funds are general funds set aside by the congregation for use in the future.
DONATIONS AND LEGACIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Recorded giving:
Loose collections
Donations and gifts
Gift Aid
54,273
I,iio
10,459
498
22,146
3,914
54,771
23,256
14,373
48,683
22,433
15,144
65,842
26,558
92,400
86,260
13

MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTESTO THE ACCOUNTS
31 December 2023
CHARITABLE ACTIVETIES
Unrestricted
Funds
Restrirted
Funds
Endowment
Funds
Total
2023
Total
2022
1nc.omp frnm c.haritablp activities
Fee5 from weddings and funerals
Fundraising event5
Membership fees
Grants
400
400
900
400
400
900
4. OTHER TRADING AcfiviTIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Letting of premise5
Trading income
639
5,950
loo
6,589
loo
7.085
81
639
6,050
6,689
7,166
INVESTMENT INCOME
Unrestricted
Funds
Restrirted
Funds
Endowment
Funds
Total
2023
Total
2022
Deposit interest
General Investment Fund
Rents- investment properties
Other investment income
331
516
344
576
242
540
60
847
73
920
782
14

MONEYDIG PREs8￿ERlAN CHURCH CONGREGATION OF TH£ PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {cont'd)
31 December 2023
OTHER INCOME
Unrestricted
Funds
Restricted
Fund5
Endowment
Funds
Total
2023
Total
2022
I nsurance claims
Other income
RAISING FUNDS
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
FWO envclopes
Fundraising events
CHARITABLE ACTIVITIES
Unrestricted
Fund5
Restrirted
Fund5
Endowment
Fund5
Total
2023
Total
2022
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donations to Missions and charities
Governance costs
5,270
356
7,461
18,924
7,582
3,130
5,270
356
7,461
26.340
18,G86
3,130
4,891
347
7,948
27,404
17,2M
7,416
11.104
42,723
18,520
61,243
57,834
15

MONEYDIG PRESBYtERIAN CHURCH CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {conVd)
31 December 2023
OTHER EXPENDITURE
Unrestricted
Funds
Restricted
Funds
Endowrnent
Funds
Tutal
2023
Total
2022
Investment Property Expenses
Repairs
7,464
7,464
1,016
7,£164
7.464
11,035
10. FIXED ASSETS
The congregation owns the Church premises situated at 45 Moneydig Road, Coleraine, BT515JN, and
the associated fixtures, fittings, plant and machinery. These have an insurance value of £2,755,942.
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
Total
2023
Total
2022
NFU Mutual Bond
J McCahon/J Adams
32,376
750
31,000
750
33,126
31,750
16

MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS Icont'd)
31 December 2023
12. FUND BALANCES
Fund
Balance at
start
Receipts
Payment
Surplus /
(Deficit)
Transfer Balance at
end
Unrestricted Funds
General Account
72,850
67,328
{54,723)
12,605
85,455
72,850
67,328
154,7231
12,605
85,455
Restricted Funds
Repairs Account
Hall Account
Missions Account
United Appeal Account
Raye Torrens Memorial Fund
General Account
Sabbath School
Catering
Bowling Club
45,720
1.454
713
170
14,111
247
6,699
5,411
{6,318)
(1.0851
16,6701
15,4771
7,793
(8381
29
(66)
53,513
616
742
104
131
1,451
686
3,360
993
1,413
2,634
662
714
131
1,072
689
3.758
644
1,233
3,182
743
771
1,358
575
430
11,737}
(5721
1321
{3491
(1,5951
(1,138)
1949)
{62)
(379)
398
13491
1180}
548
81
57
1,415
1,686
1,030
119
Campaigners
Youth Fellowship
Moneydig Holiday
60,101
33,081
125,9841
7,097
67,198
Endowment Funds
Total
132,951
100,409
180,7071
19,702
152,653
17