Martyrs Memorial Free Presbyterian Church Statement of Financial Activltles For the year ended 31 December 2024 Unrestricted funds Re5trlcted funds Total 2024 Total 2023 Note Income from: Donations and legacies Charitable activities Investment income Other income Total Incorne 158.162 14,945 30,514 1.168 204,789 39,164 6.308 197,326 21,253 30,514 1,168 250.261 577,932 17,718 13,693 619 609,962 45,472 Expenditure on: Raising funds Charitable activities Other costs Total expendlture 189 204,704 14,944 219,837 189 232,119 47,535 279.843 193 190,074 31,284 221,552 27,415 32,591 60.006 Net gains/llossesl on investments io 12.740) 12,7401 2,210 Net Sncome/lexpendlture) before transfers (17,7881 114,533) 132,321) 390,621 Transfers between funds Net Incomellexpendlture) for the year (17,7881 114,5331 132,3211 390,621 Fund balances at 01 January 2024 899,291 1,673.474 2.572,765 2,182,144 Fund balances at 31 December 2024 881,503 1,658,941 2,540,444 2,572,765
Martyrs Memorlal Free Presbyterian Church ststement of Assets and Liabllitles as at 31 December 2024 2024 2023 Flxed Assets Tan8ible Fixed Assets FTxed Asset Investments 1.659.924 1,678,567 1,659,924 1,678,567 Current Assats Debtors Investments Bank and cash balan 34,433 615.191 210,742 860.366 36,574 532,919 302,258 871,751 io Credltors: due withln one year Accruals and deferred Income Other creditors and provlsions (6,604} 12,993) 19,597) 14,282) (4,020) (8,302) Net Current Assets 850,770 863,448 Debtors: due after more than one year Long Term Loan 29,750 30,750 Net Assets 2.540.444 2.572,765 Income Funds Unrestricted Funds - General Restricted Funds Income - Capitsl 881.503 899,291 1,658,941 1,673,474 1,658,941 1.673.474 Retained Reserves li 2.540044 2,572.765 The financial statements We approved by the Trustees on their behalf by: and signed on Trustee Trustee
Martyrs Memorial Free Presbyterian Church Notes to the financial statements (continued) For the year ended 31 December 2024 Donatlons and legacles Unrestrlrted Funds Restricted Fund5 Total 2024 Total 2023 Donations and gifts Gift Aid on donations and gifts Legacies and bequests 140,713 13,644 3,804 39,164 179.878 13,644 3,804 159,844 12,997 405,090 158,162 39,164 197,326 577,932 Charltable actlvltles Unrestricted Funds Restrlrted Funds Total 2024 Total 2023 Income from conferences & events Income from books, magazines, etc 14,181 764 6,308 20,489 764 16,987 730 14,945 6,308 21,253 17,718 Investment income Unrestrlcted Funds Restricted Funds Total 2024 Total 2023 Interest & dlvldends 30,514 30,514 13,693 30,514 30,514 13,693 Cost of charltable actlvltles 2024 2023 Salaries and pensions Ministry expenses Facilities expenses Transport expenses Medi3 and advertisin8 Other expenses 64,930 22,981 106,096 31,854 4.847 1,410 63,294 20,794 70,977 28,236 5,108 1,665 232,119 190,074
Martyrs Memorial Free Presbyterian Church Notes to the financlal ststements (contlnued) For the year ended 31 December 2024 Other expenditure 2024 2023 Grants and donations Bank fees and charges Interest write off 46,116 199 1,220 29,846 177 1,262 47,535 31,284 Fl)rtures, Fittings & Equlpment Land & Bulldlngs 7 Tanglble flxed assets Vehlcles Total Cost As at 01 January 2024 Additions Dlsposals Revaluations 1,600,0(X) 19,300 219,052 1,838,352 As at 31 December 2024 1,600,000 19,300 219,052 1,838,352 Depreclatlon As at 01 January 2024 Charge for the year Depreciation on disposals 19,300 140,485 18,643 159,785 18,643 As at 31 December 2024 19,300 159,128 178,428 Net 8ook Value As at 31 December 2024 1,600,000 59,924 1,659,924 As at 31 December 2023 1,600,000 78,567 1,678,567
Martyrs Memorial Free Presbyterian Church Notes to the flnanclal statements Icontlnued) For the year ended 31 December 2024 Flxed Asset Investments Unrestrlrted funds Restrlcted funds Total 2024 Total 2023 Cash equiva lents on deposit Listed investments Other investments Debtors 2024 2023 Other Debtors and Prepayments Gift Aid clalms 20,789 13,644 23,577 12.997 34,433 36,574 Long Term Loan 29,750 30,750 29,750 30,750
Martyrs Memorial Free Pre5byterlan Church Notes to the flnancial ststements (continued) For the year ended 31 December 2024 10 Investments Unrestrirted funds Restricted funds Total 2024 Total 2023 Cash equivalents on deposit Listed investments 510,818 104,373 510,818 104,373 425,806 107,113 615,191 615,191 532,919 Gains/losses on investments - Unrestricted Llsted Investments Other Investments Total 2024 Total 2023 Valuatlon blfwd 107,113 107,113 104,902 Addltlons Disposals Net gains/llossesl 12,7401 12,7401 2,210 Valuatlon clfwd 104,373 104,373 107,113 11 Reserves Unrestrlcted funds Restrlrted funds Total 2024 Total 2023 Reserves b/fwd 899,291 1,673,474 2,572,765 2,182,144 Net movement in funds (17,788) 114,5331 132,3211 390,621 Reserves clfwd 881,503 1,658,941 2,540,444 2,572,765 12 Analysls of net assets between funds Unrestrlcted funds Restrlcted funds Total 2024 Total 2023 Fixed assets Long Term Debtors Current assets Current liabilities Total funds 1,659,924 1,659,924 29,750 860,367 19,5971 2,540,444 1,678,567 30,750 871,751 18,302} 2,572,765 29,750.00 859.867 {8,114.221 881,503 500 (1.4831 1.658.941