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