an
MAGHERAMASON CONGREGATION
OF THE PRESBYTERIAN CHURCH IN IRELAND
Trustees Annual Report and Financial Statements
For the year ended 31 December 2024
Registered Charity iii Northern Ireland INIC105376)

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MAGHERAMASON CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF F.INANCIAL AcfiviTY (Receipts and Payments Account)
for the year ended 31 D￿rnber 2024
Note
Unrestricted
Funds
Restricted Endowment Total 2024 Total 2023
Funds
Funds
Receipts
Donations and legacies
Charitable activities
Other trading activities
Investment Income
Other
91,061
1322
102
3,105
402
34,783
8,030
125,844
9,352
102
3,245
2,919
120,172
7,373
412
2,016
528
140
2,517
95,992
45,470
141,462
130,501
Sale of Investments
Sale of fixed assets
Loans Received
Total Receipts
95,992
45,470
141,462
130,501
Payments
Raising funds
Charitable activities
Investment costs
475
94,008
413
34,045
888
128,053
3,032
128,564
94,483
34,458
128,941
131,596
Purchase of Investments
Purchase of fixed assets
Loan Repayments
Total Payments
94,483
34,458
128,941
131,596
Net receipts / (payments)
Transfers between funds
1,509
1,250
11,012
(1,2501
12,521
(1095)
Net movement in funds
Funds brought forward
2,759
79,0(M)
9,762
26,627
12,521
113,627
(1,095)
114,722
8,000
Funds carried forward
li
81,759
36,389
8.000
126,148
113,627

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MAGHERAMASON CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2024
Unrestricted
Funds
Restrirted Endowment
Funds
Funds
Total Funds
2024
Total Fund
2023
Funds Reconciliation
Bank and Cash at start of year
Net movement in funds
79,0
2,759
26,627
9,762
8,1X)O
113,627
12.521
114,722
{1,0951
Bank and Cash at end of year
81,759
36,389
8,000
126,148
113,627
Bank & Cash Balances
Bank Current Accounts
Building Society Account
Cash in Hand
50,686
74.591
871
41,426
71,486
715
126,148
114,722
Other Assets
Fixed Assets- Note 9
Church Premises
5,166,704
4,920,670
Investments- Note 10
Investments
Gift Aid receivable on donations
185
18,968
185
18,272
5,185,957
4,939,127
Liabilities
Loans
Approved by the Kirk Session at a meeting on l April 2025 and signed on its behalf by
Graeme Orr
Leslie Hamilton
Date:
10

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MAGHERAMASON 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 £250,0(K) 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 ba515.
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 (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
income
Unrestricted Funds
Restricted Funds
Endowment
Funds
Total
2024
Total
2023
Recorded giving
Loose collections
Donations and gifts
In Memoriam
In Lieu of Flowers
Gift Aid
Legacies and bequest
70.012
5,098
1,925
19,713
5,840
1,700
1,420
1,665
4,445
86,113
10,396
3,625
1,420
1,665
18,471
86,113
10,396
3,169
555
1,990
17,949
11,026
91,061
34.783
125,844
120,172
11

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MAGHERAMASON CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2024
CHARITABLE ACTIVITIES
income
Unrestricted
Funds
Restricted
Funds
Endowment Total 2024 Total 2023
Funds
Fundraising events
1,322
1,802
3,124
5,773
Grants
6.228
6,228
1,600
1,322
8.030
9,352
7,373
4. OTHER TRADING ACTIVITIES
income
Unrestricted
Funds
Restricted
Funds
Endowment Total 2024 Total 2023
Funds
Letting of premises
Ground Rent INIE Pole)
100
loo
410
102
102
412
INVESTMENT INCOME
Unrestricted
Funds
Restricted
Funds
Endowment Total 2024 Total 2023
Funds
Investment interest
Bank Interest
3,105
97
43
3,202
43
1,988
28
3,105
140
3,245
2,016
12

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MAGHERAMASON CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {conVd)
31 December 2024
OTHER INCOME
Unrestricted Restricted Endowment Totsl 2024 Total 2023
Funds
Funds
Funds
Periodicals & Calendars
Insurance Compensation
Sundry Income
Refund Pulpit Supplies
402
402
2,500
17
528
2.500
17
402
2,517
2,919
528
RAISING FUNDS
Unrestrirted
Funds
Restricted Endowment Total 2024 Totsl 2023
Funds
Funds
FWO envelopes
Fundraising events
475
475
413
532
2.500
413
475
413
888
1,179
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted Endowment Total 2024 Total 2023
Funds
Funds
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donations to Missions & charities
Governance costs
16,708
946
56,799
18,355
1,200
16,708
946
56,799
35,611
17,989
16,066
940
54,893
38,064
18,601
17,256
16,789
94.008
34,045
128,053
128,564
13

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MAGHERAMASON CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2024
FIXED ASSETS
The congregation owns the Church premises situated at 137 Victoria Road, Magheramason and a manse situated at
139 Victoria Road, Magheramason for the minister and a caretakerfs cottage at 3 Ma50n Road, Magheramason and
the associated fixtures, fittings and equipment.
The premises and contents etc. have an insurance value of £5,166,704
10. INVESfMENTS
The congregation has the following investments. Amounts are shown at market valuation.
2024
2023
Permanent Endowments
185
185
185
185
14

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MAGHERAMASON CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2024
11. FUND BALANCES
Balance at
start
Receipts Payment
Surplu51
(Deficit)
Transfer
Balance
at end
Fund
Unrestricted Funds
General Account
IName of Fund]
79,000
95,992
94,483
1,509
1,250
81,759
79,000
95,992
94,483
1,509
1,250
81,759
Restricted Funds
Manse
Property Fund
Mission & Charities
Boys, Brigade
Girls, Brigade
Sunday School (Explorers)
Bowling Club
Parent & Toddler
pw
Funeral Teas
Afternoon Club
600
15,752
1,449
647
2,618
362
2,855
320
1.717
600
24,984
2,486
92
2,985
361
2,571
346
1,518
14,386
16,589
5,723
5,429
254
177
59
1,915
5.154
15,552
5,928
4,762
255
61
33
2.114
{3501
(300)
(400)
307
938
599
(200)
446
26.627
45,470
34,458
(1.250)
36,389
Endowment Funds
Legacies Bequests
8,000
8,000
8,000
8,000
Total
113,627
141.462
128,941
1,509
126,148.
15