Macosquin Congregation of the Presbyterian Church in Ireland
Financial Statements
Year Ended 31[st] December 2024
Macosquin Presbyterian Church Statement of Financial Activities For the period from 01 January 2024 to 31 December 2024
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Unrestricted Restricted Total Prior year
funds funds funds total funds
Incoming resources
Regular Direct Giving 80,760 29,967 110,727 116,809
Donations and Legacies 1,645 11,036 12,681 51,029
Activities that Generate Income 618 4,504 5,122 4,231
Other Trading Income 1,520 14,588 16,108 13,796
Investment Income 414 2,051 2,465 733
Other Income Sources 2,327 4,685 7,012 3,306
Charitable Activities 340 3,284 3,624 2,371
Total income 87,624 70,115 157,739 192,275
Resources used
Central Church Assessments 15,027 15,027 17,583
Ministry and Support Staff
Minister 49,013 7,683 56,696 57,144
Other Ministry and Support Staff 4,643 16,360 21,003 17,635
Life and Work
Worship and Fellowship 1,918 929 2,846 1,862
Discipleship and Ministry 317 317 487
Mission and Outreach 425 425 816
Governance 868 868 389
Property and Equipment
Utilities 9,064 679 9,743 10,702
Repairs and Maintenance 91 11,646 11,736 17,568
Insurances 3,636 3,636 3,636
Farm Expenses 2,434 2,434 2,948
Grants to Missions and Charities
United Appeal 4,994 4,994 5,346
Other PCI Schemes 1,679
Other Missions and Charities 18,611 18,611 18,490
Raising Funds 185 435 620 743
Congregational Running Costs 1,109 11,132 12,241 11,872
Total expenditure 85,871 75,328 161,199 168,901
Net income / (expenditure) resources before transfer 1,753 (5,213) (3,460) 23,374
Transfers:
Gross transfers between funds - in 100 1,630 1,730
Gross transfers between funds - out (1,730) (1,730)
Net movement in funds 1,853 (5,313) (3,460) 23,374
Reconciliation of funds
Total funds brought forward 26,746 90,564 117,310 93,936
Total funds carried forward 28,599 85,251 113,850 117,310
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Macosquin Presbyterian Church
Analysis of Receipts and Payments 01 January 2024 to 31 December 2024
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Total Total
General Restricted This year Last year
Receipts £ £ £ £
Regular Direct Giving
1000 - Recorded Giving (FWO Stipend and CMF) 53,999 21,288 75,287 76,118
1003 - Harvest Offering 19,310 2,076 21,385 20,446
1010 - Gift Aid Received on Recorded Giving 7,436 5,077 12,513 12,372
1013 - Gift Aid Received on Harvest Offering - - - 4,213
1020 - Loose Collections 15 1,527 1,542 3,660
Regular Direct Giving Totals 80,760 29,967 110,727 116,809
Donations and Legacies
1110 - Donations and Special Collections 1,645 11,036 12,681 10,699
1120 - Gift Aid Received on Occasional Gifts - - - 1,183
1140 - Legacies and Bequests - - - 39,148
Donations and Legacies Totals 1,645 11,036 12,681 51,029
Activities that Generate Income
1400 - Grave Fees 1,520 - 1,520 300
1412 - Farm Income - 14,588 14,588 13,496
1205 - Fund Raising Events - 4,504 4,504 4,231
1215 - Use of Halls 270 - 270 -
1220 - Church Magazines 348 - 348 -
Activities that Generate Income Totals 2,138 19,092 21,230 18,027
Investment Income
1300 - Bank and Building Society Interest - 1,592 1,592 79
1310 - General Investment 414 459 873 654
Investment Income Totals 414 2,051 2,465 733
Other Income Sources
1415 - Grants Received - 3,785 3,785 1,600
1460 - Miscellaneous Income 2,327 900 3,227 1,706
Other Income Sources Totals 2,327 4,685 7,012 3,306
Charitable Activities
1240 - Membership Fees - 345 345 1,391
1245 - Income from Charitable Activities 340 2,939 3,279 980
Charitable Activities Totals 340 3,284 3,624 2,371
Receipts Grand Totals 87,624 70,114 157,738 192,275
Payments
Central Church Assessments
2000 - Central Ministry Fund 2,046 - 2,046 2,913
2005 - PCI Pension Scheme Fund 8,843 - 8,843 8,422
2012 - Communications Department 573 - 573 -
2015 - Widows of Ministers Fund 368 - 368 595
2020 - Incidental Fund 1,472 - 1,472 2,383
2025 - Prolonged Disability Fund 286 - 286 595
2030 - Ministerial Development Fund 41 - 41 265
2035 - Sick Supply Fund 8 - 8 27
2040 - Assembly Buildings External Work Fund 736 - 736 1,324
2045 - Students' Bursary Fund 654 - 654 1,059
Central Church Assessments Totals 15,027 - 15,027 17,583
Ministry and Support Staff
2100 - Minister's Stipend (inc NI) 40,675 - 40,675 39,247
2110 - Minister's Expenses 8,007 - 8,007 7,626
2115 - Apprenticeship Levy 184 - 184 175
2130 - Minister's Interest on Investments - 30 30 24
2132 - Farm Profit - 7,653 7,653 9,940
2134 - Graveyard Compensation 148 - 148 133
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| 2210 - Other Ministry and Support Staff 2215 - Caretaker's Salary (incl NI and Emp'er Pension) 2250 - Pulpit Supplies and Guest Speakers 2270 - Pianists 2300 - Worship Resources & Copyright Licenses 2310 - Social Events 2400 - Christian Education, Training and Resources 2410 - Church Magazines and Literature 2500 - Childrens and Youth Ministry 2540 - Local Mission and Outreach 2602 - Software Costs 2610 - Presbytery Fees 2625 - Other Professional Fees 3000 - Electricity, Oil, Gas - Church & Halls 3010 - Water Rates - Church & Halls 3015 - Telephone & Internet - Church & Halls 3025 - Rates and Ground Rent - Manse 3030 - Water Rates - Manse & Farm 3100 - Repairs etc - Church and Halls 3110 - Repairs etc - Manse 3130 - Repairs etc - Equipment 3140 - Replacements 3145 - Cleaning & Caretaking Expenses 3160 - Sundry New Equipment 3165 - New Assets 3200 - Insurance 3180 - Farm Expenses 4000 - United Appeal 4100 - Students Bursary 4125 - Presbyterian Orphan and Childrens Societ 4155 - Mission Fund for Home and Overseas 4210 - Wycliffe Bible Translators 4240 - Tear Fund 4245 - Leprosy Mission 4250 - Earl Haig/RUC/UDR 4265 - Other Missions and Charities 2700 - Church Envelopes 2705 - Fund Raising Expenses 2630 - Adverts, Printing, Stationery & Postage 2638 - Catering Supplies 2640 - Publicity, web site and internet 2645 - Other Sundry Expenses 2660 - Sabbath School General Expenses 2663 - PW General Expenses 2670 - Boys' Brigade General Expenses 2672 - Girls' Brigade General Expenses 2675 - Youth Fellowship General Expenses 2678 - Open Doors General Expenses 2680 - Joyful Noise Toddler Group General Expenses Ministry and Support Staff Totals Payments Grand Totals Grants to Missions and Charities Grants to Missions and Charities Totals Raising Funds Raising Funds Totals Congregational Running Costs Congregational Running Costs Totals Life and Work Life and Work Totals Governance Governance Totals Property and Equipment Property and Equipment Totals |
- 978 978 378 - 15,382 15,382 13,914 763 - 763 1,343 3,880 - 3,880 2,000 53,656 24,044 77,700 74,779 1,391 - 1,391 1,191 527 929 1,456 671 - - - 105 317 - 317 383 - - - 798 - 425 425 18 2,235 1,354 3,589 3,165 240 - 240 - 520 - 520 389 108 - 108 - 868 - 868 389 7,336 - 7,336 8,318 518 - 518 487 128 - 128 261 1,082 - 1,082 1,027 - 679 679 608 - 3,627 3,627 13,119 - 50 50 - - 1,023 1,023 280 - 2,129 2,129 2,885 - 117 117 514 91 - 91 770 - 4,700 4,700 - 3,636 - 3,636 3,636 - 2,434 2,434 2,948 12,791 14,759 27,550 34,854 - 4,994 4,994 5,346 - - - 389 - - - 390 - - - 900 - 10,100 10,100 7,350 - 466 466 930 - 260 260 300 - 185 185 110 - 7,600 7,600 9,800 - 23,606 23,606 25,515 185 103 288 273 - 332 332 470 185 435 620 743 106 - 106 285 338 - 338 617 60 - 60 - 605 23 628 - - 1,837 1,837 1,340 - 706 706 424 - 2,169 2,169 1,321 - 5,226 5,226 6,561 - - - 220 - 291 291 657 - 880 880 448 1,109 11,132 12,241 11,872 85,871 75,328 161,199 168,901 |
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Macosquin Presbyterian Church Fund movement summary 01 January 2024 to 31 December 2024
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Fund balances Incoming Outgoing Fund balances
Fund Transfers
brought forward Resources Resources Carried forward
General Fund 26,746 87,624 85,871 100 28,599
Repairs And Maintenance Fund 29,137 19,050 22,431 (630) 25,126
Digital Piano Fund - 3,070 4,700 1,630 -
Missionary Outreach Fund 39,356 10,576 15,825 - 34,107
United Appeal Fund - 4,984 4,994 - (10)
Tearfund - 466 466 - -
Earl Haig Fund - 185 185 - -
Leprosy Phials Fund - 260 260 - -
Air Ambulance NI Fund - 700 700 - -
Pastoral Care Fund 1,267 10 978 - 299
Farm Fund - 14,588 10,766 - 3,822
Bowling Club Fund 835 - - - 835
Boys' Brigade Fund 1,466 2,537 2,169 - 1,834
Choir Fund 687 10 - - 696
Girls' Brigade Fund 4,570 6,922 5,558 - 5,934
Joyful Noise Toddler Group Fund 309 620 880 - 48
Open Doors Fund 478 1,012 648 - 842
Presbyterian Women Fund 3,147 3,349 2,878 (1,100) 2,518
Sabbath School Fund 8,749 1,722 1,837 - 8,634
Youth Fellowship Fund 565 - - - 565
Minister's Bequests Fund - 30 30 - -
Castleroe School Fund - 23 23 - -
Totals 117,310 157,739 161,199 - 113,850
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NOTE
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250,000 the congregation have elected to prepare its accounts on a receipts and payments basis, in accordance with the provisions in The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.
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.
MACOSQUIN CONGREGATION OF THE PRES8YTeRIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND UABILMES As at 31 Decembér 2024 Total 2024 Funds Funds Funds 2023 Fund$ Re¢on¢lllatlon Bank and Cash at start tsf year Net movement in fund8 26.746 117,310 13,4611 113,849 95.936 21,374 117,310 1,853 28.599 15,3141 85.250 Bank and Cash at end of year Bank & Cash Balances Bank Ac¢cKJn13 113.756 93 116,928 382 Cash in Hand 113.849 117.310 Flxed Assets The congwation ovms the chl wemises stku8d at 11fj CcWiny Ro1 and the assooated fSxtures. flttlngs, Want machinery. Ihe congreg'on owns the Church manse and fwm siiuat8d at 115 Codyvenny Ro&J These have an insurance ot.- Church 2,154,546 2.046.4f2 1154,546 2,046,412 432.186 Church Halls Manse 432,186 4,633.144 4,633.144 Other Assets Inve tments Tre congregauon has thè fLkn'ng uwestwts. Amc4Jnts e sfKhW) at market UatiOn. 2024 2023 Endsjwment Funds General Investment Fund 14,881 14.209 Other Investmènts Genwal Investment Fund 22.035 21,041 35.250 Totsl Investments 36.916 Gift Aid rwAV8b on donatths 12,563 4,847 TOTAL OTHER ASSETS 49.479 40,097 Liabilities Rov Farqhuar IPastornl Carel Pianists 240 920 1,160 Approved by the lQrk Sesston at a meeting li-t kn.&. Li and &gned its by Narne Dale