## 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<br>funds funds funds total funds<br>Incoming resources<br>Regular Direct Giving 80,760 29,967 110,727 116,809<br>Donations and Legacies 1,645 11,036 12,681 51,029<br>Activities that Generate Income 618 4,504 5,122 4,231<br>     Other Trading Income 1,520 14,588 16,108 13,796<br>Investment Income 414 2,051 2,465 733<br>Other Income Sources 2,327 4,685 7,012 3,306<br>Charitable Activities 340 3,284 3,624 2,371<br>Total income 87,624 70,115 157,739 192,275<br>Resources used<br>Central Church Assessments 15,027 15,027 17,583<br>Ministry and Support Staff<br>     Minister 49,013 7,683 56,696 57,144<br>     Other Ministry and Support Staff 4,643 16,360 21,003 17,635<br>Life and Work<br>     Worship and Fellowship 1,918 929 2,846 1,862<br>     Discipleship and Ministry 317 317 487<br>     Mission and Outreach 425 425 816<br>Governance 868 868 389<br>Property and Equipment<br>     Utilities 9,064 679 9,743 10,702<br>     Repairs and Maintenance 91 11,646 11,736 17,568<br>     Insurances 3,636 3,636 3,636<br>     Farm Expenses 2,434 2,434 2,948<br>Grants to Missions and Charities<br>     United Appeal 4,994 4,994 5,346<br>     Other PCI Schemes 1,679<br>     Other Missions and Charities 18,611 18,611 18,490<br>Raising Funds 185 435 620 743<br>Congregational Running Costs 1,109 11,132 12,241 11,872<br>Total expenditure 85,871 75,328 161,199 168,901<br>Net income / (expenditure) resources before transfer 1,753 (5,213) (3,460) 23,374<br>Transfers:<br>Gross transfers between funds - in 100 1,630 1,730<br>Gross transfers between funds - out (1,730) (1,730)<br>Net movement in funds 1,853 (5,313) (3,460) 23,374<br>Reconciliation of funds<br>Total funds brought forward 26,746 90,564 117,310 93,936<br>Total funds carried forward 28,599 85,251 113,850 117,310<br>**----- End of picture text -----**<br>




## **Macosquin Presbyterian Church** 

## **Analysis of Receipts and Payments 01 January 2024 to 31 December 2024** 


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Total Total<br>General Restricted This year Last year<br>Receipts  £ £ £ £<br>Regular Direct Giving<br>1000 - Recorded Giving (FWO Stipend and CMF) 53,999 21,288 75,287 76,118<br>1003 - Harvest Offering 19,310 2,076 21,385 20,446<br>1010 - Gift Aid Received on Recorded Giving 7,436 5,077 12,513 12,372<br>1013 - Gift Aid Received on Harvest Offering - - - 4,213<br>1020 - Loose Collections 15 1,527 1,542 3,660<br>Regular Direct Giving Totals 80,760 29,967 110,727 116,809<br>Donations and Legacies<br>1110 - Donations and Special Collections 1,645 11,036 12,681 10,699<br>1120 - Gift Aid Received on Occasional Gifts - - - 1,183<br>1140 - Legacies and Bequests - - - 39,148<br>Donations and Legacies Totals 1,645 11,036 12,681 51,029<br>Activities that Generate Income<br>1400 - Grave Fees 1,520 - 1,520 300<br>1412 - Farm Income - 14,588 14,588 13,496<br>1205 - Fund Raising Events - 4,504 4,504 4,231<br>1215 - Use of Halls 270 - 270 -<br>1220 - Church Magazines 348 - 348 -<br>Activities that Generate Income Totals 2,138 19,092 21,230 18,027<br>Investment Income<br>1300 - Bank and Building Society Interest - 1,592 1,592 79<br>1310 - General Investment 414 459 873 654<br>Investment Income Totals 414 2,051 2,465 733<br>Other Income Sources<br>1415 - Grants Received - 3,785 3,785 1,600<br>1460 - Miscellaneous Income 2,327 900 3,227 1,706<br>Other Income Sources Totals 2,327 4,685 7,012 3,306<br>Charitable Activities<br>1240 - Membership Fees - 345 345 1,391<br>1245 - Income from Charitable Activities 340 2,939 3,279 980<br>Charitable Activities Totals 340 3,284 3,624 2,371<br>Receipts Grand Totals 87,624 70,114 157,738 192,275<br>Payments<br>Central Church Assessments<br>2000 - Central Ministry Fund 2,046 - 2,046 2,913<br>2005 - PCI Pension Scheme Fund 8,843 - 8,843 8,422<br>2012 - Communications Department 573 - 573 -<br>2015 - Widows of Ministers Fund 368 - 368 595<br>2020 - Incidental Fund 1,472 - 1,472 2,383<br>2025 - Prolonged Disability Fund 286 - 286 595<br>2030 - Ministerial Development Fund 41 - 41 265<br>2035 - Sick Supply Fund 8 - 8 27<br>2040 - Assembly Buildings External Work Fund 736 - 736 1,324<br>2045 - Students' Bursary Fund 654 - 654 1,059<br>Central Church Assessments Totals 15,027 - 15,027 17,583<br>Ministry and Support Staff<br>2100 - Minister's Stipend (inc NI) 40,675 - 40,675 39,247<br>2110 - Minister's Expenses 8,007 - 8,007 7,626<br>2115 - Apprenticeship Levy 184 - 184 175<br>2130 - Minister's Interest on Investments - 30 30 24<br>2132 - Farm Profit - 7,653 7,653 9,940<br>2134 - Graveyard Compensation 148 - 148 133<br>**----- End of picture text -----**<br>




|2210 - Other Ministry and Support Staff<br>2215 - Caretaker's Salary (incl NI and Emp'er Pension)<br>2250 - Pulpit Supplies and Guest Speakers<br>2270 - Pianists<br>2300 - Worship Resources & Copyright Licenses<br>2310 - Social Events<br>2400 - Christian Education, Training and Resources<br>2410 - Church Magazines and Literature<br>2500 - Childrens and Youth Ministry<br>2540 - Local Mission and Outreach<br>2602 - Software Costs<br>2610 - Presbytery Fees<br>2625 - Other Professional Fees<br>3000 - Electricity, Oil, Gas - Church & Halls<br>3010 - Water Rates - Church & Halls<br>3015 - Telephone & Internet - Church & Halls<br>3025 - Rates and Ground Rent - Manse<br>3030 - Water Rates - Manse & Farm<br>3100 - Repairs etc - Church and Halls<br>3110 - Repairs etc - Manse<br>3130 - Repairs etc - Equipment<br>3140 - Replacements<br>3145 - Cleaning & Caretaking Expenses<br>3160 - Sundry New Equipment<br>3165 - New Assets<br>3200 - Insurance<br>3180 - Farm Expenses<br>4000 - United Appeal<br>4100 - Students Bursary<br>4125 - Presbyterian Orphan and Childrens Societ<br>4155 - Mission Fund for Home and Overseas<br>4210 - Wycliffe Bible Translators<br>4240 - Tear Fund<br>4245 - Leprosy Mission<br>4250 - Earl Haig/RUC/UDR<br>4265 - Other Missions and Charities<br>2700 - Church Envelopes<br>2705 - Fund Raising Expenses<br>2630 - Adverts, Printing, Stationery & Postage<br>2638 - Catering Supplies<br>2640 - Publicity, web site and internet<br>2645 - Other Sundry Expenses<br>2660 - Sabbath School General Expenses<br>2663 - PW General Expenses<br>2670 - Boys' Brigade General Expenses<br>2672 - Girls' Brigade General Expenses<br>2675 - Youth Fellowship General Expenses<br>2678 - Open Doors General Expenses<br>2680 - Joyful Noise Toddler Group General Expenses<br>Ministry and Support Staff Totals<br>**Payments Grand Totals**<br>**Grants to Missions and Charities**<br>Grants to Missions and Charities Totals<br>**Raising Funds**<br>Raising Funds Totals<br>**Congregational Running Costs**<br>Congregational Running Costs Totals<br>**Life and Work**<br>Life and Work Totals<br>**Governance**<br>Governance Totals<br>**Property and Equipment**<br>Property and Equipment Totals|-<br>978<br>978<br>378<br>-<br>15,382<br>15,382<br>13,914<br>763<br>-<br>763<br>1,343<br>3,880<br>-<br>3,880<br>2,000<br>53,656<br>24,044<br>77,700<br>74,779<br>1,391<br>-<br>1,391<br>1,191<br>527<br>929<br>1,456<br>671<br>-<br>-<br>-<br>105<br>317<br>-<br>317<br>383<br>-<br>-<br>-<br>798<br>-<br>425<br>425<br>18<br>2,235<br>1,354<br>3,589<br>3,165<br>240<br>-<br>240<br>-<br>520<br>-<br>520<br>389<br>108<br>-<br>108<br>-<br>868<br>-<br>868<br>389<br>7,336<br>-<br>7,336<br>8,318<br>518<br>-<br>518<br>487<br>128<br>-<br>128<br>261<br>1,082<br>-<br>1,082<br>1,027<br>-<br>679<br>679<br>608<br>-<br>3,627<br>3,627<br>13,119<br>-<br>50<br>50 -<br>-<br>1,023<br>1,023<br>280<br>-<br>2,129<br>2,129<br>2,885<br>-<br>117<br>117<br>514<br>91<br>-<br>91<br>770<br>-<br>4,700<br>4,700<br>-<br>3,636<br>-<br>3,636<br>3,636<br>-<br>2,434<br>2,434<br>2,948<br>12,791<br>14,759<br>27,550<br>34,854<br>-<br>4,994<br>4,994<br>5,346<br>-<br>-<br>-<br>389<br>-<br>-<br>-<br>390<br>-<br>-<br>-<br>900<br>-<br>10,100<br>10,100<br>7,350<br>-<br>466<br>466<br>930<br>-<br>260<br>260<br>300<br>-<br>185<br>185<br>110<br>-<br>7,600<br>7,600<br>9,800<br>-<br>23,606<br>23,606<br>25,515<br>185<br>103<br>288<br>273<br>-<br>332<br>332<br>470<br>185<br>435<br>620<br>743<br>106<br>-<br>106<br>285<br>338<br>-<br>338<br>617<br>60<br>-<br>60<br>-<br>605<br>23<br>628<br>-<br>-<br>1,837<br>1,837<br>1,340<br>-<br>706<br>706<br>424<br>-<br>2,169<br>2,169<br>1,321<br>-<br>5,226<br>5,226<br>6,561<br>-<br>-<br>-<br>220<br>-<br>291<br>291<br>657<br>-<br>880<br>880<br>448<br>1,109<br>11,132<br>12,241<br>11,872<br>**85,871**<br>**75,328**<br>**161,199**<br>**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<br>Fund Transfers<br>brought forward Resources Resources Carried forward<br>General Fund 26,746 87,624 85,871 100 28,599<br>Repairs And Maintenance Fund 29,137 19,050 22,431 (630) 25,126<br>Digital Piano Fund - 3,070 4,700 1,630 -<br>Missionary Outreach Fund 39,356 10,576 15,825 - 34,107<br>United Appeal Fund - 4,984 4,994 - (10)<br>Tearfund - 466 466 - -<br>Earl Haig Fund - 185 185 - -<br>Leprosy Phials Fund - 260 260 - -<br>Air Ambulance NI Fund - 700 700 - -<br>Pastoral Care Fund 1,267 10 978 - 299<br>Farm Fund - 14,588 10,766 - 3,822<br>Bowling Club Fund 835 - - - 835<br>Boys' Brigade Fund 1,466 2,537 2,169 - 1,834<br>Choir Fund 687 10 - - 696<br>Girls' Brigade Fund 4,570 6,922 5,558 - 5,934<br>Joyful Noise Toddler Group Fund 309 620 880 - 48<br>Open Doors Fund 478 1,012 648 - 842<br>Presbyterian Women Fund 3,147 3,349 2,878 (1,100) 2,518<br>Sabbath School Fund 8,749 1,722 1,837 - 8,634<br>Youth Fellowship Fund 565 - - - 565<br>Minister's Bequests Fund - 30 30 - -<br>Castleroe School Fund - 23 23 - -<br>Totals 117,310 157,739 161,199 - 113,850<br>**----- End of picture text -----**<br>


## **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 stku*8d at 11fj CcWiny Ro*1 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