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