MAGHERAGALL PRESBVrERIAN CHURCH CHATy R£6ISTRA TION NO. NIC105328 STATEmEr OF FINMCIAL ACTIVrriES YEAR ENDED 31 DECEMBER 2024
MAGHERAGALL PRESBYTERIAN CHURCH Statement of Flnandal Actlvlties Year ended 31 December 2024 Recelpts and payments account Note Restrlcted Unrestrlcted 2024 2023 Income from: Donations and legacies 65,680 89,556 155,236 153,727 Investments 165 2,468 2,633 2,462 Other sources 100 4,541 4,641 3,194 Totsi Income 65,945 96,565 162,510 159,383 Expendlture on: Charitable activities Establishment costs 35,832 4,849 95,247 131,079 4,849 123,286 54,770 Total expendlture 40,681 95,247 135,928 178,056 Net movement In the year 25,264 1,318 26,582 118,673) Transfers beteen funds (2,5751 2,575 Investments redeemed 33,124 Bank and cash balances brought forward 26,718 34,011 60,729 46,278 Bank and cash balances carrled forward 49.407 37,904 87,311 60.729
MAGHERAGALL PRESBrfERIAN CHURCH Notes to Recelpts and Payments Account Year ended 31 December 2024 l. Accountlng basls The Trustees have elected to prepare the accounts on a receipts and payments basis in accordance with the provisions in The Charities Accounts and Reports Regulations (Northern Ireland) 2015. All amounts are recorded in sterling. 2. Donatlons and legades Restricted Unrestricted 2024 2023 Donated for charitable activities Donated for establishment costs 40,964 24,716 89,556 130,520 24,716 124,632 29,095 65,680 89,556 155,236 153,727 Donations include the attaching gift old tax, where opplicable. 3. Investment income Restricted Unrestricted 2024 2023 Dividends Interest 165 1,971 497 2,136 497 2,193 269 165 2,468 2,633 2,462 4. Other Income sources Restricted Unrestricted 2024 2023 Graveyard Publications Rents 4,250 260 31 4,250 260 131 2,870 216 108 loo loo 4,541 4,641 3,194 5. Charltable actlvltles Restricted Unrestricted 2024 2023 Donations to Missions and other charities Sunday school costs United Appeal Ministerial costs Central assessments Organisations expenditure Other running costs 11,338 732 5,137 11,338 732 6,626 48,736 16,772 18,502 28,373 9,944 361 6,957 46,905 15,966 16,644 26,509 1,489 48,736 16,772 18,502 123 28,250 35,832 95,247 131,079 123,286
MAGHERAGALL PRESBYfERIAN CHURCH Notes to Recelpts and Payments Account Year ended 31 December 2024 All the charitable activities undertaken are those of a Presbyterian Church In Ireland and tor the public benefit. 6. Establlshment costs 2024 2023 Repairs and maintenance- Hall Repairs and maintenance- Church Repairs and maintenance- Manse Repairs and maintenance- Graveyard 2,218 259 2,372 1,212 522 40,636 12,400 4,849 54,770 7. Transfers between funds Transfers made in order to ensure that no restricted fund is in deficit at the year end. 8. Investments redeemed 2024 2023 2,612 shares in PCI General Investment Fund 33,124 9. Flxed Assets The congregation owns the undernoted property: All the church property situated at School Lane, Upper Ballinderry, Lisburn, BT28 2NT including all fixtures, fittings, plant and equipment. Manse, outbuildings, grounds and land at 102 tslenavy Road, Lisburn, BT28 3XD Small portion of land at Tansy Road, Upper Ballinderry, Lisburn, currently leased to Tansy Mission Hall at a peppercorn rent. These assets have an insured value of £3,659,32512023: £3,310,007). 10. Investments The congregation has the following investments, shown at market valuation: 2024 2023 PCI General Investment Fund Other 75,529 367 73,453 682 75,896 74,135
MAGHERAGALL PRESBYfERIAN CHURCH Statement of Assets and Llabllltles Year ended 31 December 2024 Bank and cash balances 2024 2023 Bank deposit accounts Bank current accounts Cash in hand 44,401 42,588 322 16,809 43,060 860 87,311 60,729 Other assets Fixed assets- Note 9 Investments- Note 10 3,659,325 75,896 3,310,007 74,135 3,735,221 3,384,142 Uabllltles There are no liabilities The Receipts and Payments Account and Statement of Assets and Liabilities were approved at a meeting of Trustees of the charity on Y May 2025 and authorised for issue. Rev A McCulSough Chairperson AIMCC Ilagh Treasurer