CHARITY REGISTRATION NUMBER: NIC105010 Mourne Congregation Of The Presbyterian Church In Ireland Financial Statements 31 December 2022 UHY HACKER YOUNG FITCH LIMITED 27-29 Gordon Street Mews Gordon Street Belfast BT12LG
Mourne Congregation Of The Presbyterian Church In Ireland Financial Statements Year ended 31 December 2022 Page Trustees, annual report Independent auditor's report to the members 9-12 Statement of financial activities 13 Statement of financial position 14 Statement of cash flows 15 Notes to the financial statements 16-31
Mourne Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report Year ended 31 December 2022 The trustees present their report and the financial statements of the charity for the year ended 31 December 2022. Reference and administrative details Registered eharity name Mourne Congregation Of The Presbyterian Church In treland Charity registration number NIC105010 Principal office Greencastle Street Kilkeel Co Down BTJ4 4BH The trustees Rev William Bin(yham Archie Alderdice Ivan Annett Ronald Annett Stanley Annett William Annett David Baird Doreen Bartholomew Robert Bennett Gary Bingham Jackie Blue Jim Chestnutt Edward Forsythe Gary Glenny W A Grills Roy Hanna J W Hanna R J Hanna James Henderson Rodney McBride Sidney McKee Joseph M¢Kibbin Martin McKee Raymond McKee David Morris James Morris Eric Niblock Gregory Nicholson Robert Patterson Thomas Patterson Alan Skillen Maurice Skillen Eric Skillen James Stevenson James Stevenson Brian Townley William Turner
Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (continued) Year ended 31 December 2022 Reference and administrative details Registered eharity name Mourne Congregation Of The Presbyterian Church In Ireland NIC105010 Charity registration number Principal office Greencastle Street Kilkeel Co Down BT34 4BH Principal orrice Bearers Minister Clerk of Session Hon. Treasurer Hon. Secretary Rev William Bingham William A Grills Williatn Turner David Morris Auditor UHY Hacker Young Fitch Limited 27-29 Gordon Street Mews Gordon Street Belfast BTI 2LG Bankers Danske Bank 58 Hill Street Newry BT34 IBD Solicitors Fisher & Fisher l Newry St Rathfriland Co Down BT34 SPY Structure? governance and m8nagernent The Kirk Session The charity trustees of the congre(ration are the members of its Kirk Session. Under the cono¥regation's ooverning document, The Code. the book of the constitution and tsovernment of the Presbyterian Church in Ireland, the Kirk Session seeks ro watch over and promote the spiritual interest of the congregation and of persons not connected with any congregaiion who are within its bounds. It ensures pastoral care is in place in the congregation and seeks to fijrther the contribution of the Church to Christian witness and service in the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and propety belonging to the congregation. Mernbers of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordatned minister and the ruling elders of the congrecrations. All members are entitled to Propose, speak and exercise equal votes at meetings, except that the Moderator and the ministers in active duty in the congregation, have no deliberative but only a castino vote. Stated meetings of the Kirk session are held at least three times in each year or as appropriate. Exceptional rneetings were held during the yeaT to deal with issues around church activities and Covid 19 restrictions. To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the office can be by vot¢ ¢ither by the congregation OT by the Kirk Session. Members are elected if they obtain two-thirds of the vote.
Mourne Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report (continued) Year ended 31 December 2022 Structurej governance and management (continued) Presbytery Under the Presbyterian Church in Ireland fomi of governance. the corporate over5iJtr t of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Mourne Presbyterian Church has been assigned to the Presbytery of Newry within Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, ministers who have retired from active duty and an elder appointed by the Kirk Session of each congregation. The General Assembly The General Assembly is th¢ supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administrative and judicial authority, in dealing with all matters brought before it. The General Assembly is nonnally constituted during the first week in June for worship and to conduct its business. At the end of business. it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation. retired ministers and a representative elder appointed by the Kirk Session of each congregation. Description and Purpose Moume Presbyterian Church is a contsregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is grounded in the Scriptures and exists to love and honour God through faith in His Son and by the power of His Spirit. and to enable her members to play their part in fulfilling God's mission to our world. The congregation's mission purposes are by the grace of God, to help people of all ages become fully devoted followers of Jesus Christ. Our vision is. by the grace of God, to be an inclusive, welcoming comtnunity of Christ's people of all ages, which.. is increasingly characterised by love for God, and love and concern for others. is committed to the historic Christian gospel as revealed in the Bible. is Televant to people of this time and plac¢. The congregation aims to live out its Mission and Vision as a family of God's people by being.. A Covenant Comrnuniry: where our relationships are rooted in the promises of God by living faithfvlly toward him and toward one another. An Intergenerational Community- where adults intentionally take the lead to engage with, encourage and nurture younger members to maturity in Christ. An Outward looking Community.. where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bounds of OUT community. As a congregation of the Presbyterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechisms set out what we understand the Bible teaches on key matters of Christian faith and practice.
Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (¢ontinuedJ Year ended 31 December 2022 Objectives and activities The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is observed on several occasions during the year and all those who have been baptised and who have rnade a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation holds regular bible study and prayer meetings and has a wide range of organisations including. Sunday School Bible Classes Midweek fellowship Group Crèches Children's Church Sunday Kni(rht Kids Youth Fellowship Groups Srnall Group Meetings Boys Brigad¢ Girls Brigade Presbyterian Women Men's Fellowship Badminton Club Youth Club Mothers and Toddlers Walking Group covering all spiritual and operational matters. 2022 saw a return to normal services of worship and organisational activities following Covid 19 restrictions in 2021. Achievements and performance Worship and prayer The con(Yregation met for worship each Sunday at I1.30am and 7.00pm. During the week the Bible Study provided an opportunity for members to meet for fellowship, to study the scriptures and for a tirne of prayer. Live Broadcast services on Sunday mornintss and evenings were available online with an average online viewing of 1,500 for the morning and 1,000 for the evening services. The Trustees acknowledge and thank the Media Team for their dedication and expertise in providing this service. The midwe¢k prayer meeting and bible study was held on Thursday evenings with an average attendance of 70 people. Full members classes were held in the Spring. 16 people were adTnitted to The Lord's Table for the fst time and 3 persons were received on transfer from other congregations. There were 13 infant baptism5, 7 adult baptisms, 17 weddings and 23 funeral services. At 31 Decernber 202? there were 585 communicant members and 997 farnilies connected with the congregation. The Sacrament of the Lord's Supper was served at evening worship in January and moming worship in May and November. The average weekly attendance at worship was 750 in the morning and 350 in the evening. The Trustees are very grateful to the 180 Band, organist, musicians and choiT who led worship throughout the year. Many have been blessed through their ministry. Monthly services also took place in Brackney Hall except for the summer rnonths.
Mourne Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report (Continued) Year ended 31 December 2022 Achievements and performance (conlinued) Pastoral care Members of the congreoation who are unable to attend church due to sickness or age were visited by th¢ minister, elders or by one of the congregation's pastoral visitors. Mission and outreach The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of th¢ denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas. assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church prernises, assists with the running costs of Union Theological College, the Church's training college for ministy students, and financially supports congregations in the areas of worship, discipleship, global mission, outreach. leadership and pastoral care. The congregation also supports the work of the Student Christian Organisation of Malawi and various projects relatino to the work of The David Gordon Memorial Hospital in Livingstonii Malawi, with a particular focus on supporting the very poor and vulnerable members of the area. The congregation supports various local charities including The Fishennen's Mission, The Southern Area Hospice, Child Evanoelism Fellowship, Mourne Stimulus, Mission Aviation Fellowship, Belfast City Mission, Arab World Ministries, Prison Fellowship, The Royal British Legion, The RNLI and The Presbyterian Children's Society. The congregation also supports, both fmancially and prayerfully, members of our fellowship who decide to do short or long-temi service with mission focused organi5ations. Members who undertake study to prepare them for service both at home and overseas also receive support from the congregation. Presbytery The congreoation was represented at meetings of Presbytery by our minister and one of the elders. This provides an important link between the congregations and the wider structures of the church. General Assembly The minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland. The General Assembly of 2022 was held in June. Property During 2022 there was no significant work don¢ to the property. General maintenance was provided. Organisations Sunday School and Bible Classes met on Sunday mornings with an average attendance of over 280. Sunday Knight Kids met monthly with an average attendance of 35. Baby and Children's Crèche were held each Sunday morning. Attendance vaTied. The Youth Fellowship groups met in the halls each Sunday evenino with a cornbined average attendance of 95. The Youth Fellowship also organised a holiday in England with over 80 young people and leaders attending. The Girls, Brigade met on Tuesday evenings with a varied prograTnme of games, crafts, cooking and Bible Study. No parents, evening was held this year. There are around 200 members plus officeTS and helpers. The Mother and Toddler Group met on Wednesday mornings from 9.30am to I I.00am. Over 70 children are registered &s members from throughout the community. The Boys Brigade met on Wednesday evenings with a varied Programme of sports, CTafts games and bible study. No Parents evening was held March. There are around 190 members plus leaders and helpers.
Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (continued) Year ended 31 December 2022 Achievements and performance (continued) The Badrninton Club met on Wednesday evenings. The Presbyterian Women's Group met on the 1st and 3rd Monday of each month and held a Presbyterian Women's Service in March 2022. The Men's Fellowship met ttvo times each month. No English Classes for people from other countries living in our community were h¢ld this year. The Saturday Club met from Jan to March and Sept to December. Small group Bible studies were held in the church halls throughout the year. The Walking Club organised several walks this year. The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities. They also thank our caretakers for the excellent work in cleaning and maintaining the church properties. Public Benefit Statement The Presbyterian Church in Ireland meets the publi¢ benefit requirement by providin(y benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. With the added uncertatnties and stresses of the Covid19 Pandemic the message of hope and confidence in God's providence, sovereignty, love and grace was a cornfort and blessing to even more people. The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church's subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisrns) leading to spiritual and moral development and opportunities for response to Bible teachino In turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved}. A team of volunteeTS was also established to do messages for those living in isolation durtng the period of Lockdown. Generally, the above benefits are delivered locally by congregations and their members or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites. and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and via inforn]al, ad-hoc feedback from members, their families, and Members of the public. The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, D¢a¢onesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or eTnployment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose ar¢ members, their families, other individuals that the Presbytertan Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular organisations, charities and individual members of the public. The Kirk Session has had regard to the Charity Commissions public benefit requirement stattltory guidance.
Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (contlnued) Year ended 31 December 2022 Financial review The congregation's main source of income is members, contributions through the Weekly Freewill Offertng. There were 703 (2021 979) contributors during the year, donating a total of £2J9,462 (2021- £222,336). Total income during the year amounted to £567,881, compared to £451,630 in the previous year. The removal of government Covid 19 restrictions allowed Church activity to return to pre pandemic levels. Total expenditur¢ for the year amounted to £498,650 (2021 £327,945). The increase in costs was due to the increase in organisational and general activity- Going Concern The activities of the congregation are dependent on onooing contributions from its mernbers. The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signin(y this report and subject to the continuing support from Members to fund on an ongoing basis the Congregation'5 cUent activities and other financial commitrnents. Reserves Policy The Trustees have considered the level of unrestricted reserves that is appropriate to hold, taking account of current and ongoing commitments. It is the policy of the Trustees to hold at least three month's nonnal expenditure. At the year-end unrestricted reserves were £785.420 (2021 £765,292) which represents a higher level of reserves. The Trustees however, consider it prudent to hold reserves at this level as the funding of its present activities is dependent on the ongoing financial support of members. Risk Review review of rnajor risks has been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from members. These risks are mitigated by the Trustees, and the Congregational Committee. regularly Tnonitoring of the various activities of the contsregation at stated meetings and by encouraging members in their regular giving. TrMstee5' responsibilities statement The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdorn Accounting Standards (United Kingdom Generdlly Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the charity trustees to prepaTe fmancial statements for each year which give a true and fair view of the state of affairs of the charity. and of the incoming resources and application of resources, of the charity for thac peTlOd. In preparing these financial statements, the trustee5 are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the applicable Charities SORP. make judgrnents and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statemenrs. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continu¢ in busincss.
Mourne Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report (continued) Year ended 31 December 2022 The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trust¢¢s' annual report was approved on .............................. and signed on behalf of the board of tsleeS by: Rev William Bingham Trustee William Turner Trustee
Hacker Young Fitch Chartered Accountants BELFAST Gordon Street Mews 27-29 Gordon Street BelFast BTI 2LG MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Phone +44 28 9032 2047 Emall bellastQuhy-uk.com Web WVhN.uhy-uk.comthelfast INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND LONDON 222 The Quadrangle Cambridge Square London W2 2PJ Opinion Phone +44 20 7305 7489 Web www.uhy-uk.comlwestrninster We have audited the financial statements of Mourne Congregation of the Presbyterian Church In Ireland (the 'charity') for the year ended 31 December 2022 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the Charity's affairs as at 31 December 2022 and of its incoming resources and application of resources, including its income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice" and have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the FinanGial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and in other respects the requirements of the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UK) {ISAs {UK)) and applicable law. Our responsibilities under those stsndards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom. including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going ¢on¢ern In auditing the financial statements, we have concluded that the Trustees, use of the going Concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at leaste1Ve months from when the financial statements are authorised for issue. Our responsibilities ancl the responsibilities of the Trustees wth respect to going concem are (iescribed in the relevant sections of this report. UHY Hackeryww Flt<h &a ifadiw nary of UHY Ha(kerYouNJ Rtrh umited UHY Hacker Young Fitih Liffliied IS TeJsiered In Northprn Ireland W151815i. A Istol mernber5' namesand iheir pFofpssional qualifttuois Is ivaiikniè lor Inspecum at rog1ed otticé atthèabo¥è addres Re9lStered to cbrryon audlt work and authorised to cerry on Invesimerll business tythÈinstitute al Chartered Attountsnts kn trdènd IICIUI (rterLYts Ac(ountsnts Irclond 15 tho owraiing namo of IC A ernber&. It uky HKker YoJng Group ol IndepeTrL*nt UK PWtnerJhlP5. Arnembertr UHY Irtem4ts0n&, è retwcrfkolindewndeni 1ccontIrj ind consul4ing firm5. HdlF'¥ yo PfOSF INVESTORS IN PEOPLE CHARTERED AccourM5
MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND (CONTINUED) Other information The other information comprises the infomiation included in the Annual report other than the financial statements and our Auditors, report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparenl material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Charities (Accounts and Reports) Regulations {Northern Ireland) 2015 In our opinion, based on the work undertaken in the course of the audit: the information given in the Trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Trustees, report has been prepared in accordance with appliGable legal requirements. Matters on which we ar8 required to report by exception In the light of our knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, report. We have nothing to report in respect of the following matters in relation to which Charities Act (Northern Ireland) 2008 requires us to report to you if. in our opinion: adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns. or certain disclosures of Trustees. remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit- or the Trustees were not entitled to prepare the financial statements in accordance with the small Gompanies regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from the requirement to prepare a Strategic report. Responsibilities of trustees As explained more fully in the Trustees, responsibilities ststement. the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for such internal control as the Trustees determin8 IS necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 10
MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND (CONTINUED) In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. Auditors, responsibilities for the audlt of the financial statements Our objectives are to obtain reasonable assurance about wh8ther the financial statements as a whole are free from material misstatement, whether due to fraud or arror. and to issue an Auditors, report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatementwhen it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect mater5al misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below- Our approach to identifying and assessing the risks of material misstatement in respect of irregulariteS, including fraud and non-compliance with laws and regulations, was as follows: The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. As part of the audit in accordance with ISAS (UK) we exercised professional judgement and maintained professional scepti¢ism throughout the audit. We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector and we focused on Specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the taxation legislation and data protection. anti-bribery, employment, environmental and health and safety legislation. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there wa5 susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the intemal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. We obtained an understanding of internal controls relevant to the audit in order to design audit procedures that were appropriate in the Gircumstances but not for the purpose of expressing an opinion of the effectiveness of the Company's internal controls. To address the risk of fraud through management bias and override of controls, we performed analyttcal procedures to identify any unusual or unexpeded relationships. tested journal entries to identify unusual transactions,. evaluated the appropriateness of accounting policies used, including managements, use of the going concem basis of accounting, and the reasonableness of accounting estimates and related disclosures made by management,. and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included but were not limited to agreeing financial statement disclosures to underlying supporting documentation. reading the minutes of meetings of those charged with
MOURNE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND (CONTINUED) governance., and enquiring of management as to actual and potential Ittigation and claims. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment, forgery. collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This description fonms part of our Auditors. report. Other matters The financial statements of the Charity for the year ended 31st December 2021 were not audited, however we have nothing to report to you in regards to our obligations to obtain sufficient appropriate audit evidence that the opening balances in the current year do not contain misstatements that materially affect the current year's financial statemants. Use of our report This report is made solely to the Charity's trustees, as a body, in accordanc8 Wlth Section 65 of the Charities Act (Northern Ireland) 2008. Our audit work has been undertaken so that we might state to the Charity's trustees those matters we are required to state to them in an Auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and its trustees, as a body, for our audit work, for Ihis report, or for the opinions we have formed. Michael Fitch (Senior Statutory Auditor) for and on behalf of UHY Hacker Young Fitch Limited 27-29 Gordon Street Belfast BT12LG Date.. li lo&lioL3 12
Mourne Congregation Of The Presbyterian Church In Ireland Statement of Financial Activities Year ended 31 December 2022 2022 Restricted Endowrnent funds funds 2021 Unrestricted funds Total funds Total fiLnds Note Income and endowments Donations and legacies Charitable activities Investrnent income Other income 300,311 1,015 12,591 730 211,117 38,823 1,293 2,000 511,428 39,838 13,884 2,730 411,602 14,711 23,227 2,090 Total income 314,647 253,233 567,880 451,630 Expenditure Expenditure on charitable activities 278,001 220,648 498,649 327,945 Total expenditure 278.001 220,648 498,649 3?7,945 Net lossesl(gains) on investments 11 29i 2,451 2,744 (2.750) Net income 32,585 (2,451) 66,487 126,435 Transfers between funds (16,225) 16,225 Net movement in funds 20.128 48,810 (2,451) 66,487 126,435 Reconciliation of funds Total funds brought fonvard Total funds carried fonvard 765,292 1,437,780 102,462 2,305,534 2.179,099 785,420 1,486,590 100,01 I 2,372,021 2,305.534 The statement of financial acrivities includes all gains and losses recognised in the year. All income and expenditure derive frorn continuing activities. The notes on pages 16 to 31 form part of these financial statements. 13
Mourne Congregation Of The Presbyterian Church In Ireland Statement of Financial Position 31 December 2022 2022 2021 Nots Fixed assets Tangible fixed assets Investments 16 17 1,266,805 140,113 1,266,120 14?,857 1,406,918 1,408,977 Current assets Debtors Cash at bank and in hand 18 81,944 927,377 70,283 870,198 1,009,321 940,481 Creditors: amounts falling due within one year Net current assets 19 22,218 19,924 920,557 987,103 Total assets less current liabilities 2.394,021 2,329,534 Provisions 20 22,000 24.000 Net assets 2,372,021 2,305,534 Funds of the charity Endowment funds Restricted funds Unrestricted funds ioo,oii 1,486,590 785,420 102,462 1,437,780 765,292 Total eharity funds 22 2,372,021 2,305.5J4 These financial statements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by- LJ.I<F:* Rev William Bingham Trustee William Turner Trustee The notes on pages 16 to 31 form part of these financial statements. 14
Mourne Congregation Of The Presbyterian Church In Ireland Statement of Cash Flows Year ended 31 December 2022 2022 2021 Cash flows from operating activities Net income 66.487 126,435 Adjustmenlsfor.. Depreciation of tangible fLxed assets Net (losses)Igains on investments Dividends, interest and rents from investments Other interest receivable and similar income Accrued expenses 5,466 2,744 (10,017) (3,868) 1,543 5,500 (2,750) (10.016) (1),210) 9,161 Changes in.. Trade and other debtors Trade and other creditors Provisions and employee benefits Cash generated from operations (11,674) 751 (2,000) 8,869 (2,000) 49,432 123,357 Interest received 3,881 13,576 Net cash from operating activities 53,313 136,933 Cash flow5 from investing activities Dividend5, interest and rents from investments Purchase of tangible assets Net cash from investing activities 10,017 {6,151) 10.016 3,866 10,016 Net increase in cash and cash equivalents Cash and Cash equivalents at beginning of year C3sh and cash ¢quivalents at end of year 57,179 870,198 146,949 72J,249 927,377 870,198 The notes on pages 16 to 31 form part of these financial statements. 15
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements Year ended 31 December 2022 General information The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is 17 Main Road, Ballymartin, Kilkeel, Newry, Co Down, BT34 4NU. Statement of compliance These financial stat¢rnents have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Ftnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment property measured at fair value through incorne & expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Mourne Congregation of The Presbyterian Church in Ireland constitutes a public benefit entity as defined by FRS 102. Going eoncern There are no material uncertainties about the charity's ability to continue. The TNstees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they Continue to adopt the going concern basis in preparing the financial statements. To ensure this, the charity has a reserves policy to develop and maintain unrestricted reserves equivalent to 12 months incoming resources without prejudicing the ongoing activitie5 of the organisation. Judgements and key sources of estimation uncertainty In the application of the charity's accounting policies, the tSteeS are required to make judgements, estimates and assumptions about the canying amount of assets and liabilities that ale not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions ar¢ received on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estirnate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 16
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 Accounting policies (eoiilinued) Fund accounting Unrestricted fiLnds are available for us¢ at the discretion of the trustees to further any of the charity'5 purposes. Designated funds are unrestricted funds earniarked by the trustee5 for particulaT future project or Cotnrnitrnent. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the ternis of an appeal, and fall into one of two sub-classes.. Testricted income funds or endowment funds. Where the Truste¢s make a transfer of funds from general funds to a restricted fund, the charity reserves the right to transfer the unrestricted elem¢nt of that fund into general reserves at any time in the future. Incoming resources All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the arnount of income receivable can be measured reliably. For legacies, entitlernent is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will b¢ made, or when a distribution is received froTll the estate. Receipt of a legacy, in whole or in part, is only considered probable when the arnount can be Tneasured reliably and the charity has been notified of the executor's intention to Tnake a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met. then the leoacy is treated as a contingent a55et and disclosed if material. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in Telation to investment income is recognised at the time the investment income is re¢eivable. 17
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 Accounting policies (continue¢g Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully rewvered. and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all ndraisIng activiti¢s, events, non-charitsble trading activities, and the sale of donated goods. expenditur¢ on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable airn5 for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are stated at cost (or deerned cost) less accumulated depreciation and accurnulated impairment losses. All assets costing more than £1,000 are capitalised. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. The Charity have utilised FRS 102 transitional rules for propety and have included all propety in use by the charity at the date of transition to FRS 102 at deemed cost, being the fair value of the properties at that time. Depreciation Depreciation is calculated so as to write off the cost or deemed cost of an asset, less its residual value, over the useful economic life of that asset as follows- Church Propety Fixtures & Fittings No depreciation as residual values in excess of cost 100/0-25 % straight line The assets, residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change 15 accounted for prospectively. 18
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 Accounting policies (coniirtuéd) Investments Unlisted equity investments are initially recorded at Cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairn]ent. Listed investments are measured at faiT valu¢ with changes in fair value being recognised in income or expenditure. Investment property Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. Provisions Provisions are recognised when the entlty ha5 an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provistons are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are reeognised in income or expenditure unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the PTesent value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in the statement of fmancial activities in the period it arises. and is allocated to the appropriate expenditure heading. Financial instruments The charity only has fmancial assets and financial liabilities of a kind that qualify &s basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest Tnethod. Defined contribution plans The charity operates a defined contribution pension scheme and the pension charge repTes¢nts the amounts payable by the charity to the fund in respect of the year. 19
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2022 Donations Free Will Offering Gift Aid Loose collections Stipend District collections Small donations scheme Sunday school Livingstonia Missions Home & Abroad Mid-week offering Mission boxes Propety fund Orphan society PW Harvest appeal Belfast City Mission Fishernian Service Mission Committee Moderators Appeal Students Bursary Other donations 239,462 43,916 10,647 2,768 176 2.006 239,462 43,916 10,647 2,768 176 2,006 810 90J51 51,788 4,452 1,692 2,306 9,786 3,263 5,785 1,404 4,375 33,568 116 2,757 810 90,351 51,788 4,452 1,692 2,306 9,786 3,263 5,785 1,404 4,375 3i,568 116 1,421 1,336 Grants CJRS grant funding Sick Supply Fund Grant 300,311 211,117 511,428 20
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 Donations and legacies (conlinued) Unrestricted Funds Restricted Total Funds Funds 2021 Donations Free Will Offering Gift Aid Loose collections Stipend District collections Small donations scheme Sunday school Livingstonia Missions Home & Abroad Mid-week offering Mission boxes Property fund Orphan society PW Harvest appeal Belfast City Mission Fishennan Service Mission Committee Moderators Appeal Students Bursary Other donations 222,336 39,658 4,825 3,754 81 625 222,336 39,658 4.825 3,754 81 625 251 40,160 43.722 3,020 1,276 2,176 9,683 3,609 8,370 262 3,125 251 40,160 43,722 3,020 1.276 2,176 9,683 3,609 262 3,125 462 415 462 16,130 15,715 Grants CJRS grant funding Sick Supply Fund Grant 6,684 1,393 6,684 ,393 295.071 116,531 411,602 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2022 Church Magazines Mourne Presbyterian Women Mourne Boys Brigade Mourne Girls Brigade Mourne Youth Council Mourne Youth Fellowship Rainbows 1,015 1,015 5,215 3,684 9,133 (2,240) 22,247 784 5,215 3,684 9,133 (2.240) 22,247 784 1.015 38,823 39.838 21
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 Charitable activities (eonliftued) UnTestricted Funds Restricted Total Funds Funds 2021 Church Magazines Mourne Presbyterian Women Mourne Boys Brigade Mourne Girls Brigade Mourne Youth Council Mourne Youth Fellowship Rainbows 1,815 1,815 1,385 8,450 2,925 136 1,385 8.450 2,925 136 14,711 14,711 Investment income Unrestricted Funds Restricted Total Funds Funds 2022 Income from investment properties Bank interest receivable Other investment income- dividends 10,017 2,502 72 10,017 2,666 1,201 164 1,129 12,591 1.293 13,884 Unrestricted Funds Restricted Total Funds Funds 2021 Income from investment properties Bank interest receivable Other investment income- dividends 10,016 2,198 9,495 10,016 2,488 10,723 290 1,228 21.709 1,518 23,227 Other income Unrestricted Fund5 Restricted Total Funds Funds 2022 Youth Hall - reduction in provision Grave fees 2,000 2,000 730 730 730 2,000 2,730 Unrestricted Funds Restricted Total Funds Funds 2021 Youth Hall - reduction in provision Grave fees 2,000 2,000 90 90 90 2,000 2,090 22
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (Continued) Year ended 31 December 2022 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2022 Advancing Christianity Support costs 153,259 124,742 220,638 io 373,897 124,752 278,001 220,648 498,649 Unrestricted Funds Restricted Funds Total Funds 2021 Advancing Christianity Support costs 127,340 79,661 120,938 248,278 79,667 207,001 120,944 327.945 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2022 Total fund 2021 Advancing Christianity Governance costs )73,895 115,795 8,959 489,690 8,959 321,373 6.572 373,895 124.754 498,649 327,945 10. Analysis of support costs Advancing Christianity Total 2022 Total 2021 Staff costs Premises General office Finance costs Governance costs Depreciation Support costs - Other congregational costs Support costs - DT McGaughey Memorial 31,194 60,228 5,336 381 8,959 5,466 7,550 5,640 31,194 60,228 5,336 381 8,959 5,466 7,550 5,640 19,976 35,457 6,432 201 6,571 5,500 5,531 124,754 124,754 79,668 11. Net (losses)/gains on investments Unrestricted Endowment Total Funds Funds Funds 2022 Gains/(losses) on listed investments {293) (2,451) (2,744) 23
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continuedj Year ended 31 December 2022 11. Net (losses)Igaills on investments (continued) Unrestricted Endowment Funds Funds Total Funds 2021 Gains/(losses) on listed investments 407 2,343 2,750 12. Net income Net income is stated after charging/(crediting): 2022 2021 Depreciation of tangible red assets Fees payable for the audit of the financial statements 5,466 3,600 5,500 13. Independent examination fees 2022 2021 Fees payable to the independent examiner for- Independent examination of the financial statements Other assurance services 1,648 2,878 4,526 14. Staff costs The average head count of employees during the year wa5 5 (2021: 5). The average number of full-time equivalent employees during the year is analysed as follows.. 2022 2021 Minister Ministy support Maintenance Other No employee received employee benefits of more than £60,000 during the year (2021.. Nil). 15. Trustee remuneration and expenses The Minister of the congretsation, Rev William Bincrham, is also a trustee. Rev Bingham received remuneratTon of £50,643 {2021 £49,528) and expenses (including car allowance & mileaoe) of £7,821 (2021 £6,242) in his capacity as the Minister of the congregation. Pension contribution of £12,154 (2021 £11,887) were also paid to the Presbyterian Church in Ireland Pension Scheme (2009) in respect of Rev Bingham. No oth¢r trustees received any remuneration and no other trustees claimed any expenses during the year in connection with their duties. 24
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (¢ontinued) Year ended 31 December 2022 16. Tangible fixed assets Church Fixtures and Property fittings Total Cost At l January 2022 Additions 1,235,000 105,254 6,151 I J40,254 6,151 At 31 December 2022 1,235,000 111,405 1,346,405 Depreciation At l January 2022 Charge for the year At 31 December 2022 74,134 5,466 74,134 5,466 79,600 79,600 Carrying amount At 31 December 2022 1,235,000 31,805 1,266,805 At 31 December 2021 1,235,000 31,120 1,266,120 Church Propety includes all properties owned and occupied by the Charity in Advancement of Christianity and includes the Mourne Presbyterian Church building, Graveyard. Halls, Youth Centre, Apartment and Mans¢. Church Property was recognised in the fmancial statements using a fair value valuation as deemed cost on transition to SOIiP 2015 (FRS 102). The valuation was perfomied by independent extemal valuers, Osborne King, as at 31 st December 2015, on the basis of Fair Value. Fair Value being the amount for which an asset could be exchanged between knowledgeable, willing parties on an arni's length basis in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (FRS 102) and the Charities SORP 2015 (SORP 2015). Given the nature of the properties and the high level of on-going maintenance to which they are subject, no depreciation is applied to Church Property. The residual value of Church Property is considered to be at least equal to the deemed cost of the property. Due to the age and nature of Church propety it was not possible to reliably state the historic cost of Church propety. Fixtures & fittings are recorded a depreciated historical cost. 25
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financlal Statements f¢ontinuedJ Year ended 31 December 2022 17. Investments Listed investments Investment properties Other investments Total Cost or valuation At l January 2022 Additions Fair value movements 39,289 100,000 3.568 142,857 (2.451) 36.838 (293) {2,744) At 31 December 2022 100,000 3,275 140,113 Impairment At l January 2022 and 31 December 2022 Carrying amount At 31 December 2022 36,838 100,000 3,275 140,113 At 31 December 2021 i9,289 loo,000 3,568 142,857 All investments shown above are held at valuation. Investment properties Investment property at Greencastl¢ Street, Kilkeel has been included in the financial statements at fair value. The property was valued by Osborne King. Osborne King were independent valuers. qualified under the Royal Institution of Chartered Surveyors, possessing relevant experience in the area. The valuation was on the basis of Fair Value, as at 3 1st December 2015. FaiT Value is the amount for which an asset could be exchanged between knowledgeable, willing parties on an ann's length basi5 in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (FRS 102) and the Charities SORP 2015 (SORP 2015). The Trustees consider the fair value of this propety at the year-end not to be materially different from the professional valuation dated 31 December 2015. Financial assets held at fair value Both listed and other investments are recorded at their fair value at the balance sheet date. The fair value of the listed invesrments and the general investment fund are deterrnined by reference to the quoted price for identical assets in an active market at the balance sheet date. 18. Debtors 2022 2021 Prepayments and accrued income Other debtors 13,493 68,451 11,70? 58,581 81,944 70,283 26
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 19. Creditors: amounts falling due within one year 2022 2021 Trade creditors Accruals and deferred income Social security and other laxes 2,904 18,559 755 1,930 17.016 978 22,218 19,924 20. Provisions Youth Hall At l January 2022 Annual ownership movement At 31 December 2022 24,000 (2,000) 22,000 Construction of the Youth Hall at Greencastle Street, Kilkeel was a joint project between Mourne Presbyterian Church and a third-party oovernment funder. Under the agreement between the parties, Mourne Presbyterian Church's percentage ownership of the Youth Hall increases annually with the passing of time, until it will own IOOO/o of the asset. As the full value of the asset has been reflected within the fixed asset, a provision recognising the government fundeT'S interest in the asset has been recorded. 21. Pension5 and other post-retirement benefjts Pension contributions The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £13,578 (2021.. £12,912). 27
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 21. Pensions and other post-retirement benefits (continuéd) The charity operates a defined contribution pension scherne for its employees. The assets of the scheme are held separately from those of the charity in an independently administered Fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £1,424 (2021 £1,025). Contributions totalling £127 (2021 £93) were payable to the nd at the balance sheet date and are included in creditors. The minister (and 2018 Associate Minister) of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The concrregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employer's pension contributions for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type, providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently fitnded to meet current and fijture oblioations. A formal schedule of contributions was drawn whereby the Presbyterian Church agreed to pay contribution5 of 240/0 of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit. During the year the charity made payments of £12.154 (2021 £11,887) to th¢ fund. There were no contributions outstanding at the balance Sheet date in the current or prior year. 22. Analysis of charitable funds Unrestricted funds Gains and At losses 31 Dee 2022 At l Jan 2022 Income Expenditure Transfers General funds 765,292 314,647 (278,001) (16,225) (293) 785,420 Gains and At losses 31 Dec 2021 At l Jan2021 Income Expenditure Transfers General funds 656,016 i16,870 (207,001) (1,000) 407 765.292 28
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2022 22. Analysis of eh2rit8ble funds (COlltinue4) Restricted funds AtlJan 2022 Gains and At 31 Dec losses 2022 Income Expenditure Transfers Church Buildings Investrn¢nt Properties Belfast City Mission Livingstonia Fund Missions Home & Abroad Orphan Society PW Harvest Appeal Mid-week Offering Propety Fund Mission Boxes Fishennen's Service Earl Haig Moderator's Appeal Newell Bequest Income Sunday School Offering Student Bursary Mission Committee Mourne Presbyterian Women Boys Brigade Girls Brigade Moume Youth Council Junior Youth Fellowship MPC Choir Monday Club Thursday Club Saturday Club Rainbows Badminton 1.211,000 100,000 8,370 22,966 18,583 1,730 602 1,607 8,109 1,259 2.000 1,213,000 loo,000 5,785 64,802 27,969 1,769 497 1,884 10,415 1,141 5,785 90.3)2 51,788 9,786 (8,i70) (48,516) (42,402) (9,747) (3.368) 4,452 2,306 882 1,404 1,421 33,568 1,225 810 115 (4,175) (1,000) (1,404) (1.511) (28.057) 90 5,511 1,160 736 1,246 526 (600) (115) (10,450) (10,083) (J,506) (6,925) (11,817) (29,567) (70) (30) (8) (276) (678) (30) 625 33,577 6,186 2,596 5,694 9,218 388 500 100 1,964 128 716 5,450 3,368 6,067 3,690 9,135 (2.237) 22,259 32,929 6,370 4,806 40 4,285 318 470 92 1,690 234 687 8,400 2,375 784 1,437,780 253.233 (220,648) 16,225 1,486,590 29
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 22. Analysis of charitable funds (coniinued) AtlJan 2021 Gains and At 31 Dec losses 2021 Income Expenditure Transfers Church Buildings Investment Properties Belfast City Mission Livingstonia Fund Missions Home & Abroad Orphan Society PW Harvest Appeal Mid-week Offering Property Fund Mission Boxes Fisherman's Service Earl Haig Moderator's Appeal Newell Bequest Income Sunday School Offering Student Bursary Mission Committee Mourne Presbyterian Women Boys Brigade Girls Brigade Mourne Youth Council Junior Youth Fellowship MPC Choir Monday Club Thursday Club Saturday Club Rainbows Badminton 1,209,000 100,000 4,517 22,191 5,802 561 384 687 5,933 583 2,000 1,211,000 loo,000 8,370 40,160 (4,517) (39,385) (30,941) (8.514) 22,966 18,583 1,730 602 1,607 8,109 1,259 9,683 3.609 3,020 2,176 1,276 262 415 (3,391) (2,100) (600) (262) (325) 90 1,269 275 1,482 251 462 3,125 1,826 (1,505) 1,246 526 (462) (2,500) (10,018) (5) (925) (17,710) (645) (219) (20) (5) (5) (261) (20) 625 33,577 6,186 2,596 5,694 9,218 388 500 loo 1,964 128 716 42,378 6,185 2,134 13,945 2,935 606 519 105 1.967 253 735 (609) 1,387 8,459 2,928 1.000 4.000 136 1,422.964 134,760 (120.944) 1,000 1,437,780 Endowment funds Gains and At losses 31 Dec 2022 At l Jan 2022 Income Expenditure Transfers Newell Bequest Endowrnent 102.462 (2.451) ioo,oi i Gain5 and At losses J l Dec 2021 At l Jan 2021 Income Expenditure Transfers Newell Bequest Endowment 100,119 2,343 102,462 30
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2022 23. Analysis of net assets between funds Unrestricted Funds Restrict¢d Endowment Total Funds Funds Funds 2022 Tangible fixed assets Investments Current assets Creditors less than l year Provisions 31,805 3,275 772,558 (22,218) 1.235,000 loo,000 l73,590 1,266,805 140,113 1,009,321 (22,218) (22,000) 36,838 63.173 (22,000) Net assets 785,4?0 1,486,590 100,01 i 2,372,021 Unrestricted Funds Restricted Endowment Funds Funds Totsl Funds 2021 Tangible fixed assets Investments Current assets Creditors less than l year Provisions 1,235,000 100.000 131.370 (4,590) (24,000) 1,266,120 142,857 940,481 (19,924) (24,000) 2,305,534 3,568 745,938 (15,3J4) 39,289 63,173 Net assets 765,292 1,437,780 102,462 24. Analysis of change5 in net debt At 31 Dec 2022 At l Jan 2022 Cash flows Cash at bank and in hand 870.198 57,179 927,377 25. Related parties, trustee remuneration and expenses The Minister, Rev William Bingham is considered to be key management personnel of the charity. Total remuneration paid to R¢v Bingharn by way of his employment with the Church is detailed in Note 15. Rev William Bingham occupied residential church property at Manse Road, Kilkeel (The Manse) in his role as Minister of the congregation. Rev. Bingham was not charged r¢nt for use of this propety. During the year the charity donated £7.000 {2021 £3,000} to Gary Bingham (a trustee) in support of his work the Belfast City Mission. 31