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