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
2￿5
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