an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024 Note Unrestricted Funds Restrirted Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trad ing activities Investment Income Other 122070 2687 71595 8112 193665 10799 194300 10187 216 1137 2009 688 2225 1825 649 3370 Total Receipts 126110 82404 208514 208506 Payments Raising funds Cha ritable activities Investment costs Other 122618 66988 189606 155047 Total Payments 122618 66988 189606 155047 Net receipts / Ipaymentsl Transfers between funds 3492 12042) 15416 2042 18908 53459 Net movement in funds Funds brought forward 1450 30771 17458 3115 18908 33886 53459 1195731 Funds carried forward 12 32221 20573 52794 33886
an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restricted Total Funds Total Funds Funds 2024 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 30771 1450 3115 17458 33886 18908 {195731 53459 Bank and Cash at end of year 32221 20573 52794 33886 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 36470 71879 36470 104100 27623 109647 32221 140570 137270 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Investrnents- Note 11 Gift Aid receivable on donations 2847050 2847050 29437 29437 2876487 2876487 Liabilities Loans Danske Bank Loan Other 87776 103384 87776 103384
an MOLESWORTH CONGREGATION OF THE PRES8YfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BAS15 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 Reports 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 (al 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 Unrestricted Funds Restricted Funds Total 2024 Total 2023 Recorded giving.. Freewill Offering Loose collections Donations and gifts Gift Aid Legacies and bequest 72875 3597 11860 33738 62546 710 135421 4307 12640 33930 7367 140387 6250 14698 32965 192 7367 122070 71595 193665 194300
an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestrirted Funds Restrirted Funds Total 2024 Total 2023 Income from charitabSe activities Fees from weddings and funerals Fundraising events Membership fees Grants & VAT Refunds 2687 3137 5824 4187 1175 38tKJ 1175 3800 1600 4400 2687 8112 10799 10187 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment propertie5 Other investment income Other Bank Interest Education Board of Tyrone Interest 991 991 354 68 461 489 68 649 517 68 199 28 188 28 216 2225 649
an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Use of Hall & Church Other income 620 517 620 1205 520 2850 688 1137 688 1825 3370 RAISING FUNDS Unrestricted Funds Restricted Funds Total 2024 Total 2023 FWO envelopes Fundraising events CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance cost5 21230 21230 19792 58344 33728 9316 58344 77195 32837 56415 47790 31050 43467 23521 122618 66988 189606 155047
an MOLESWORTH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER EXPENDITURE Unrestrirted Funds Restricted Funds Total 2024 Total 2023 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. 2024 2023 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 2024 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestrtcted Funds No. l Account 30771 126110 122618 3492 {20421 32221 30771 126110 122618 3492 12042) 32221 Restrirted 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 ECM Ireland Apprentice Boys Benevolent Fund 24102 34140 28451 (103384) 549 9713 4241 1220 735 3348 29472 8104 26679 29472 (20217} 26389 (3743) 1164) {17001 11451 (3501 {20625) 1568 1122861 19351 32949 15491 42554 187776} 385 8013 4096 1220 735 2906 28321 290 3743 1571 11426 714 350 1407 9726 569 350 6447 8300 10433 (1853) 1104331 1411 10433 965 540 335 (9651 {540} 1335) 965 540 335 3115 82404 66988 15416 2042 20573 Total 33886 208514 189606 18908 52794