an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTIES for the year ended 31 December 2023 Note Unrestricted Funds Restrirted Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 120689 1217 73611 8970 194300 10187 200469 6348 221 2070 428 13CK) 649 3370 561 2856 Total Receipts 124197 84309 208506 210234 Payments Raising funds Cha rita ble activities Investment costs Other 113713 41334 155047 166868 Total Payments 113713 41334 155047 166868 Net receipts / Ipaymentsl Transfers between funds 10484 {4653) 42975 4653 53459 43366 Net movement in funds Funds brought forward 5831 24940 47628 {44513} 53459 119573} 43366 {62939) Funds carried forward 12 30771 3115 33886 {195731
Presbyter an MOLESWORTH CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restricted Total Funds Total Funds Funds 2023 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 24940 5831 (44513) 47628 (195731 53459 {629391 43366 Bank and Cash at end of year 30771 3115 33886 119573 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 27623 78876 27623 109647 27269 71952 30771 137270 99221 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Investments- Note 11 Gift Aid receivable on donations 2847050 2847050 29437 29437 2876487 2876487 Liabilities Loans Danske Bank Loan Other 103384 118794 103384 118794
Presbyter an MOLESWORTH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS 31 December 2023 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 Report5 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 endowment5 which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations orgrants 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 Total 2023 Total 2022 Recorded giving- Freewill Offering Loose collections Donations and gift5 Gift Aid Legacies and bequest 73395 4245 11560 31489 66992 25 3138 1476 140387 6250 14698 32965 135175 2846 29944 32504 120689 73611 194300 200469
an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants & VAT Refunds 1217 2970 4187 2068 150 1600 1600 4400 930 3200 1217 8970 10187 6348 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2023 Total 2022 Deposit interest General Investment Fund Rents investment properties Other investment income Other Bank Interest Education Board of Tyrone Interest 354 354 61 68 68 199 28 68 193 28 28 221 428 649 561
an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2023 OTHER INCOME Unrestricted Funds Restrirted Funds Total 2023 Total 2022 Use of Hall & Church Other income 520 1550 520 2850 375 2481 1300 2070 131X) 3370 2856 RAISING FUNDS Unrestricted Funds Restricted Funds Total 2023 Total 2022 FWO envelopes Fundra ising events CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 19792 19792 20557 56415 30476 7030 56415 47790 31050 53812 49259 43240 17314 24020 113713 41334 155047 166868
an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER EXPENDITURE Unrestrirted Funds Restricted Funds Total 2023 Total 2022 Building expenses 10. FIXED ASSETS The congregation owns the Church premises situated at Molesworth Road, Cookstown, the adjoining Church hall, the former manse and the associated fixtures. fittings. plant and machinery. In addition the Church owns a manse at Coolreaghs Road, Cookstown. These have an insurance value of £2,847,050. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 General Investment Fund Property Other investments 29437 29437 29437 29437
an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 12. FUND BALANCES Fund Balance at Start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds No. l Account 24940 124197 113713 10484 (46531 30771 24940 124197 113713 10484 {46531 30771 Restricted Funds Bank of Ireland - Deposit Account Renovation Fund Property/Building Fund Bridging Loan Account Presbyterian Women Boys Brigade & Girls Brigade Sunday School Youth Fellowship Smalltalk Missionary Fund United Appeal General Missions Fund Presbyterian Children's Society Tear Fund 23748 29554 6871 11187941 385 6296 4471 1220 738 998 19876 8183 33108 19876 3049 33108 13940} 164 3417 {230) 119522) 1537 111528) 19350 24102 34140 28451 {103384) 549 9713 4241 1220 735 3348 5134 3940 1665 7771 637 350 1829 11188 407 350 13) 350 {105791 9368 9018 10579 2000 10579 1172 1065 {11721 (1065} 1172 1065 (44513) 84309 41334 42975 4653 3115 Total (19573) 208506 155047 53459 33886