Presbyter an MONEYDIG PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2024 Registered Charity in Northern Ireland (NIC105315)
MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Restated Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 66,557 23,482 2,275 90,039 2,275 1,714 1,173 92,400 438 6,689 920 1,714 1,081 92 69,352 25,849 95,201 100,447 Sale of Investments Sale of fixed assets Loans Received 444,477 444,477 Total Receipts 69,352 470,326 539,678 100,447 Payments Raising funds Charitable activities Other 40,973 661 18,513 18,743 59,486 19,404 61,042 7,464 41,634 37,256 78,890 68,506 Purchase of Investments Purchase of fixed assets Loan Repayments 12,000 Total Payments 41,634 37,256 78,890 80,506 Net receipts / (payments) 27,718 433,070 460,788 19,941 Transfers between funds {55,523) 55,523 Net movement in funds Funds brought forward 127,805) 85,456 488,593 67,436 460,788 152,892 19,941 132,951 Funds carried forward io 57,651 556,029 613,680 152,892 10
MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restricted Endowmen Funds t Funds Total Funds 2024 Total Funds 2023 Restated Funds Reconciliation Bank and Cash at start of year Net movement in funds 85,456 127,805) 67,436 488,593 152,892 460,788 132,951 19,941 Bank and Cash at end of year 57,651 555,029 613,680 152,892 Bank & Cash Balances General Fund Account Repairs Account Hall Account Missions Account United Appeal Account Raye Torrens Memorial Account Sabbath School Catering Bowling Club 58.865 41,195 864 742 104 131 874 3,662 737 1,783 3,252 758 713 100,000 400,(KIO 86,527 53,513 616 742 104 131 689 3,758 883 1,233 3,182 743 771 Campaigners Youth Fellowship Moneydig Holiday Business Investment Account Fixed Term Deposit Account 613,680 152,892 Other Assets Fixed Assets- Note 10 Church Manse 472,000 Church Hall and Contents Church and Contents 503,000 1,048,000 503,000 1,048,000 Investments- Note 9 33,126 33,126 2,197,806 2,209,018 Total Assets 2,197,806 2,209,018 Liabilities Interest Free Loan from Congregation 11
MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES (cont'd) Approved by the Kirk Session at a meeting on Ilth September 2025 and signed on its behalf by Mr. Steven Torrens Date: 29th September 2025 12
MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 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 (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (bl 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 Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Recorded giving., FWO Collections Donations and gifts Gift Aid 54,263 68 12,226 374 19,365 3,743 54,637 19,433 15,969 54,771 23,256 14,373 66,557 23,482 90,039 92,400 13
MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Restated Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 1,535 740 1,535 740 38 400 2,275 2,275 438 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Letting of premises Trading income 564 1,150 564 1,150 6,589 100 1,714 1,714 6,689 INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Restated Deposit interest General Investment Fund Rents- investment properties Other investment income 543 538 26 66 569 604 344 576 1,081 92 1,173 920 14
MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Restated General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to M issions and charities Governance costs 5,340 5,340 396 7,440 27,538 18,772 5,270 356 7,461 26,339 18,486 3,130 396 7,440 22,146 10,991 5,392 7,781 40,973 18,513 59,486 61,042 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Investment Property Expense5 Repairs 661 18,743 19,404 7,464 661 18,743 19,404 7,464 15
MONEYDIG PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 31 December 2024 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 £2,113,364. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. Total 2024 Total 2023 NFU Mutual Bond J McCahon/J Adams 34,272 750 32,376 750 35,022 33,126 16
MONEYDIG PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 10. FUND BALANCES Fund Balance at start Receipts Payment Surplus I (Deficit) Transfer Balance at end Unrestricted Funds General Account 85,456 69,352 (41,634) 27,718 155,523) 57,651 85,456 69,352 (41,634) 27,718 (55,523) 57,651 Restricted Funds Repairs Account Hall Account Missions Account United Appeal Account Raye Torrens Memorial Fund General Account Sabbath School Catering Bowling Club 53,513 616 742 104 6,390 247 6,115 5,340 (18,707) 112,3 181 247 41,195 863 742 104 (6,115) (5,340) 131 1,072 689 3,758 883 1,233 3,182 743 771 131 1216 874 3,662 536 1,783 3,252 758 713 loo,000 400,000 1,095 470 740 1,535 2,138 805 784 190 44,477 400,000 {951) {285) {836) (1,682) (1,588} {734} {769) {248} 144 185 1961 {1471 550 71 15 1581 44,477 400,000 Campaigners Youth Fellowship Moneydig Holiday Business Investment Account Fixed Term Deposit Account 55,523 67,437 470,326 137,2551 433,070 55,523 556,029 Endowment Funds Total 152,892 539,678 (78,889) 460,788 613,680 17