CHARITY REGISTRATION NUMBER: NIC105010 Mourne Congregation Of The Presbyterian Church In Ireland Financial Statements 31 December 2023 UHY HACKER YOUNG FITCH LIMITED Chartered accountants & statutory auditor 27-29 Gordon Street Mews Gordon Street Belfast BT12LG
Mourne Congregation Of The Presbyterian Church In Ireland Financial Statements Year ended 31 December 2023 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 2023 The trustees present their report and the financial statements of the charity for the year ended 31 December 2023. Referellce and administrative details Registered charity name Mourne Congregation Of The Presbyterian Church In Ireland Charity registration number NIC105010 Principal orrice Greencastle Street Kilkeel Co Down BT34 4BH The trustees Rev Williaill Bingham Archie Aldcrdice Ivan Annett Ronald Annett Williain Annett David Baird Doreen Bartholomew Gary Bingham Jackie Blue Jim Chestnutt Edward Forsythe W A Grills Roy Hanna J W Hanna R J Hanna James Henderson Rodney McBride Sidney McKee Joseph McKibbin Martin M¢Kee David MoiTiS James Morris Eric Niblock Gregory Nicholson Robeit Patlerson Thomas Patterson Alan Skillen Eric Skillen James Stevenson Brian Townley William Turner Stanley Annett Gary Glenny Raymond McKee Maurice Skillen James Stevenson Company secretary Williain Turner
Mourne Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report (contlnued) Year ended 31 December 2023 Auditor UHY Hacker Young Fitch Limited Chartered accountants & slatutory auditor 27-29 Gordon Street Mews Gordon Street Belfast BTI 2LG Bankers Danske Bank 58 Hill Sti'eet NEWRY Co Down BT34 1 AR Solicitors Fisher & Fisher l Newry St Rathfriland, Newry Co Down BT34 SPY Strueture? governance and management The Kirk Session The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's goveming document, The Code, the book of the constitution and govemmeiit of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of persons not connected with any congregation who are witliin it5 bounds. It ensures pastoral care is in place in the congregation and s¢¢ks to further the contribution of th¢ Church to Christian witness and service in the local community. The Kirk Session has delegaled to its Congregational Committee the temporal affair5 of the congregation including adininistering all funds and property belonging to the Congregation. Members of the Kii'k Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elder5 of the congregations. All members ar¢ entitled to propose. speak and exercise equal votes at meetings, except that ihe Moderator and the n]iiiislers in active duty in the congregation, have no deliberative but only a casting vote. Stated meetings of the Kirk session are held at least three times in each year or as appropriate. Exceptional meetings were held during the year 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 vote either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of the vote. Presbytery Under the Presbyterian Church in Ireland form of governance, the corporate oversighi of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and t¢mporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Mourne Presbyterian Cliurch has been assigned to the Presbytery of Newry within Presbyterian Church in Ireland. The membership of tlie 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.
Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (continued) Year ended 31 December 2023 Structure* governance and management (conliiiiied) The General Assembly Tlie General Assembly is the 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 <11] matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its business. At ihe end of business, it is dissolved. The meinbei'ship of the General Assembly consists niainly of the active ministers of each Congi'egation, retired ministers and a representative elder appointed by the Kirk Session of each congregFation. Description and Purpose Mourne Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland. as a Reformed Church within the widcr 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 fulfillinL, God's Inission to our woi'ld. The congregation's Inission purposes are by th¢ grace of God, to help people of all ages become fully devoted followei'5 of Jesus Christ. Our vision is, by the grace of God, to be an inclusive, welcoming con)Inunity of Christ's people of all ages, which: is increasingly characterised by love for God, and love and concen) for others. 15 committed to the historic Christian gospel as reveal¢d in the Bible- is relevant to people of this time and place. The congregation aims to live out its Mi55ion and Vision as a family of God's people by being: A Covenant Community.. where our relationships are rooted in the promises of God by living faithfully toward him and toward one another. An Intergenerational Community.. where adults intentionally take the lead to engage with, encourage and nurture younger members to IMaturity in Christ. An Outward looking Coinmunity.. where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bounds of our 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 niatters of Christian faith and practice.
Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (continued) Year ended 31 December 2023 Objectives and activities The congregatioii meet5 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 baptis¢d and who have Inade a profession of faitli in the Lord Jesus Christ are admitted to Ihe 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 Crèche5 Childreii'5 Church Sunday Knight Kids Youth Fellowship Groups Sinall Group Meetings Boys Brigade Girls Brigade Presbyterian Women Mens Fellowship Badminton Club Youth Club Mothers and Toddlers Walking Group Ladies Bible Study Group covering all spiritual and operational matters. Achievements and performance Worship and prayer The congregation met foi. worship eacli Sunday at I1.30am and 7.00pm. During tlie week the Bible Study pi'ovided an opportunity for members to meet for fellowship, to study the scriptures and for a tiine of prayer. Live Broadcast services on Sunday mornings and evenings were available online with an averagFe online viewing of1,750 for the morning and 800 for the evening services. The Trustees acknowledge and thank the Media Team for their dedication and expertise in providing this service. The Inidweek 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 24 people were admitted to The Lord'5 Table for the first tim¢ and 4 persons were received on transfer from other congregations. There were 15 infant baptisms and infant dedicalions, 5 adult baptisms, l O weddings and 34 funeral services. At 31 December 2023 there were 595 communicant memb¢rs and 1,004 familie5 connected with the congregation. The Sacrament of the Lord's Supper was Served at evening worship in January and morning worship in May and November. The average weekly attendaiice at worship was 770 in the morning and 370 in the evening. The Trustee5 are very grateful to the 180 Band, Organist, Praise Band, musicians and choir who led worship throughout the year. Many have been blessed through their ministry. Monihly services also look place in Brackney Hall except for the summer months.
Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (continued) Year ended 31 December 2023 Achievement5 and performance {coiiliiiiierf) Pastoral care Meinbers of the congregation who are unable to attend church due to Sickness or age were visited by the m inister, elders or by one of the coiigregation's pastoral visitors. Mr Ellis Hanna joined us as a Student Assistant parl time. Mission and outreach The coiigJregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. 'fhis fund enables coiigregations to support the wider mission of the denomination and to do mission and outreach on a denominational ba515 beyond what the congregation could do on its own. The United Appeal Fund provid¢s fiiiancial support for mission personnel at home and overseas, assists congJregFations with the deployment of locally based staff, enables churcli planting, provides grant support for the upkeep of church preinises. assists with the running ¢05ts of Union Theological College, the Church's training college for ministry studenls, and financially supports congregations in the areas of worship. discipleship, global mission. outreach, leadership and pastoral care. The congregation also 5UPPOrts the work of the Student Christian Organisation of Malawi and variou5 projecls relating to the work of The David Gordon Memorial Hospital in Livingstonia, Malawi. with a particular focus on 5UPPOrting the very poor and vulnerabl¢ member5 of the area. The congregation supports various local charities including The Fishermen's Mission. The Southern Area Hospice, Child Evangclisin Fellowship. Mourne Stiniulus. Mission Aviation Fellowship, Belfast City Mis5ioii, Prison Fellowship, The Royal British Legion, Tlie RNLI and The Presbytei'ian Children's Society. The congregation also supports, both financially and pi'ayerfully, menibers of our fellowsliip who decide to do short or long-term service with mission focused organisations. Members who undertake study to prepare them for service both at home and overseas also receive support from the congregation. Presbytery The congregation was represented at meetings of Presbytery by our minisler and two of the elders. This provides an important link between the congregations and the wider structures of the church. General Assembly The minister and two of our elders were nominated to attend the meeting of the General A55embly of the Presbyterian Church in Ireland. The General Assembly of 2023 was held in June. Property During 2023 the inside of the Meeting House was painted and general maintenance was provided. Organisations - Sunday School and Bible Classes met on Sunday mornings with an average attendance of over 250. Sunday Knight Kids met monthly wilh an average attendance of 30. Baby and Children's Crèche were held each Sunday morning. Attendance varied. The Youth Fellowship group5 met in the halls each Sunday evening with a combined average attendance of120. The Girls, Brigade met on Tuesday evenings with a varied prograinme of games, crafts, cooking and Bible Study. No parents, evening was held this year but the GB organised a Christmas concert for parents. There are around 200 members plus officers and helpers. The Mother and Toddler Group met on Wednesday mornings from 9.30am to I I.00am. Over 75 children are registered a5 members from throughout the community. The Boys Brigade Met on Wednesday evenings with a varied programme of sports. crafts games and bible study. No Parents evening was held March. There are around 200 members plus leaders and helpers.
Mourne Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report (continued) Year ended 31 December 2023 Achievements and performance (conllnued) The Badminton Club met on Wednesday evenings. The Presbyterian Women's Group met on the I st and 3rd Monday of each month and held a Presbyterian Women's Service in March. The Men's Fellowship met two times each month from Septeinber to May. English Classes for people froin other countries living in our community were held this year on a Monday evening. The Saturday Club met from January to March and Seplember to December. Small group Bible Studies were held in the church halls throughout the year. The Walking Club organised a several walks this year. The Trustees wish to acknowledge their deep appreciation of Ihose who give freely of their time by serving on committees and helping with organisalions and other church activities. They also thank oui. caretakers for the excellent work in cleaning and maintaining the church properties. Publie Benefit Statement The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its rnembers and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. 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 (th¢ Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportuiiities for response to Bible teaching. In turn, tliis framewoi'k leads to practical expressions of Christian beliefs and standai'ds in the local community such as through the care of those in need (including the sick, disabled and bereaved). A team of volunteers was also establislied to do messages for those living in isolation during 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 15 facilitated by central resources in almost all cases. Public access is made kiiown through the use of noticeboards, printed material, press advertisement, websites, and social media or in olher way5. The benefits are deinonstrated through regular evaluation of the services and via infonnal, ad-hoc feedback from members, their families, and members of the public. The pury)ose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or einployment. However, this is incidental and necessary in order lo further our charitable purpose. Tliere are no oth¢r private benefits. The beneficiari¢s of this purpose are memb¢rs, their familie5, Other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with. the community in which pastoral services are provided and other coinmunities 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 aiid individual niembers of tl)e piiblic. The Kirk Session has had regard to the Charity Commissions public benefit requirement statutory guidance.
Mourne Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report (contlnuedj Year ended 31 December 2023 Financial review The congregation's main source of incoine i.s nieinber5' contributions tlirough the Weekly Freewill Offering. There were 701 (2022 703) conlributors during the year, doiiating a total of £259,198 (2022- £239,462). Total income during the year was £569.271, coinpared to £567.88] in the previous year. Total expenditure for the year amounted to £533.604 (2022 - £498,650). The increase in costs was due to the increase in organi5ational and general activity. Net income recorded totalled £37,230 (2022 - £66,487). Going Concern The activities of the congregation are dependent on ongoing contributions from its IneInbers. The Trust¢es are of the opinion that the congregation has sufficient resoui'ce5 at tlie date of approval of tliese financial statements to meet commitmenls which will arise in the year froin the date of signing this report and subject to the continuing support from members to fund on an ongoing basis the congregation's current activities and other financial commitments. R¢serv¢s Policy The Trustees have considered the level of unrestricted reserves that 15 appropriat¢ to hold, taking account of current and oJ]gJoing commitments. It is the policy of the Trustees to hold at least three month'5 normal expenditure. At the year-end unrestricl¢d I'eserves were £841,673 (2022 - £785,420) which represents a higher level of reserves. The Trustees however, consider it prudent to hold reserve5 at this level as ihe funding of it5 present activities is dependent on the ongoing financial support of members. Risk Review A review of major risks has been undertaken by the Tru5tee5 and systems and procedures implemented to manage identified risks. The principal risk5 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 th¢ Trustees, and the Congregational Committee, regularly monitoring of the various activiti¢s of the congi'egJation at stated meetings and by encouraging members in their regular giving. Trustees, responsibilities statement The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charily and of the incoming resources and application of resources, of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principle5 in the applicable Charities SORP. make judgments 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 stateinenls-
Mourne Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report (contlnued) Year ended 31 December 2023 prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain Ihe charity's transactions and disclose witli reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charili¢s Act (Northern Ireland) 2008. They are also responsible for safeguardiiig the assets of the charity and hence for taking reasonable steps for ihe prevention and detection of fraud and other irregularities. The trustees, annual report was approved on . Z31s114 and signed on behalf of the board of trustee5 by.. Rev William Bingliain Trustee William Turner Trustee
Hacker Young Fitch Chartered Accountants BELFAST Suite 2.06, Custom House Custorn House Square Belfast, BTI 3ET MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Phone +44 28 9032 2047 Email belfastQuhy-uk.corn Web www.uhy-uk.comthelfast INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND LONDON 222 The Quadrangle Cambridge Square London W2 2PJ Oplnlon Phone 444 20 7305 7489 Web wthw.uhy-uk.comMestFninsler We have audited the financial statements of Mourne Congregation of the Presbyterian Church In Ireland (the 'charity') for the year ended 31 December 2023 which comprise Ihe 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 Ihe financial statements.. give a true and fair view of the slate of the Charity's affairs as at 31 December 2023 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 Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and in other respects the requiremenls of the Charitie Acl (Northern Ireland) 2008. Basis for opinlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)} and applicable law. Our responsibilities under those slandards are further described in the Auditors, responsibilities for the audit ofthe 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 obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to going concern 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 significanl doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. UHY Hackei Youw Filch 15 a Iiading name ol UHY 14atkpi Young Fiiih btnited Re9iSleied to taiiy on audii wotk and auilioiised to carry OD Inve51meni business by ihe lThsiittslp ol ChartPTedA(countan15 Irdand OCAII ChIe[e A(iouniants IreIar Is iho Dwrilln9 name ol IC A meillb ol ihp UW kol Youn9 Group ol Indèpendent VK lnerlIpS A member ol UHY Inlernallonal. a Detwofk ol Independpnt a[counlin9 andconsuliing film5. HelFihS Yow FffDSPdfj CHARTERED ACCOUNTANTS
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 Infomiation The other information comprises the information 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 nol 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 apparent 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. Opinlon on other matters prescribed by the Charities (Accounts and Reports) Regulatlons (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 slatemenls. the Trustees, report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon 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.. adequale accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are nol 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 companies regime and take advantage ofthe small companies, exemptions in preparing the Trustees. report and from the requirement to prepare a Strategic report. Responslblllties of trustees As explained more fully in the Trustees, responsibilities statement, 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 determine 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 slalements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern 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 audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslatement, whether due to fraud or error, and to issue an Auditors, report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee thal an audit conducted in accordance with ISAS (UK) will always detect a material misstatemenl when 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 slatements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material 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 idenlifying and assessing the risks of material misstatement in respect of irregularities, 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 maintairied professional scepticism throughout the audit. We identified the laws and regulations applicable to the company through discussions with directors and other managemenl, 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 Ihe operations of the company, including bul not limited to 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 underslanding of how fraud might occur. by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal 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 circumstances but not for the purpose of expressing an opinion of the effectiveness of Ihe Company's internal controls. To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected relationships,. tested journal entries to identify unusual transactions and assess the risk of management override of controls,. evaluated the appropriateness of accounting policies used, including managements, use of the going concern basis of accounling, 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 governance,. and enquiring of management as to actual and potential litigation and claims.
MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND (CONTINUED) 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 misslatement 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 refiecled 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 misrepresentalion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's websile at.. www.frc.org.uklauditorsresponsibilities. This description forms part of our Auditors, report. Use of our report This report is made solely to the Charity's trustees, as a body, in accordance with Section 65 of the Charities Act (Northern Ireland) 2008. Our audit work has been undertaken so that we might state to the Charily's trustees those matters we are required lo 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 this report, or for the opinions we have formed. Michael Fitch {Senlor Statutory Audltor) for and on behalf of UHY Hacker Young Fitch Limited Suite 2.06, Custom House Custom House Square Belfast BT13ET Date.. 23 IsILit. 12
Mourne Congregation Of The Presbyterian Church In Ireland statement of Financlal Activities Year ended 31 December 2023 2023 Restricted Endowment funds funds 2022 Unrestricted funds Total funds Total funds Note ncome and endoivments Donations and legacies Cliaritable activities Investment income Other income 328,535 1,178 32,019 2,084 156,876 46,309 1,677 2,000 485,411 47,487 33,696 4,084 5 11.429 39,838 13,884 2,730 Total income 363,816 206,862 570,678 567,881 Expenditure Expenditure on charitable activities 296,452 237,152 533,604 498,650 Total expenditure 296,452 237,152 533,604 498,650 Net gains/(losses) on investments 11 {296) (1,267) (1,563) 2,744 Net income 67,660 (30,290) 1,267 38,637 66,487 Transfers between funds ( i 0,000) 10,000 Net movement in funds 57,660 (20,290) 1,267 38,637 66,487 Reconciliation of funds Total funds brought forward Total funds Carried forward 785,420 ,486,590 100,01 i 2,372,021 2,305,534 843,080 1,466.300 101,278 2,410,658 2,372,021 The statement of financial activities includes all gain5 and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 18 to 33 form part of these financial statements. 13
Mourne Congregation Of The Presbyterian Church In Ireland statement of Financial Position 31 December 2023 2023 2022 Note Fixed assets Tangible fixed assets Investtnents 15 16 1,262,469 141,677 1,266.805 140,113 ,404,146 1,406,918 Current assets Debtors Cash at bank and in hand 17 92,049 955,556 81,944 927.377 1,047,605 1,009,321 Creditors: amounts falling due within one year Net current assets 18 21,093 22,218 1,026,512 987,103 Total assets less current liabilities 2.430,658 2,394,021 Provisions 19 20,000 22,000 Net assets 2,410,658 2,372,021 Funds of the charity Endowment funds Restricted funds Unrestricted funds 101,278 1,466,300 843,080 100,011 1,486.590 785,420 Total charity funds 21 2,410,658 2,372,021 These financial Statements were approved by the board of trustees and authorised for issue on are signed on behalf of the board by.. and Rev William Bingham Trustee William Turner Trustee The notes on pages 18 to 33 form part of these financial statements.
Mourne Congregation Of The Presbyterian Church In Ireland statement of Cash Flows Year ended 31 December 2023 2023 2022 Cash floivs from operating activities Net income 38,637 66,487 Adjiislinenfsfor.. Depreciation of tangible fixed assets Net gainsl(losses) on investments Dividends, interest and rents froin inveslments Other interest receivable and similar income Accrued (income)/exp¢nses 6,136 (1,563) (10,019) <23,677) (192) 5,466 2,744 (10,017) (3,867) 1,543 Changes in.. Trade aiid other debtoi's Trade and other creditors Provisions (3,429) (934) (2,000) (11,674) 751 (2,000) Cash generated from operations 2,959 49.433 Interest received 17,001 3,880 Net cash from operating activities 19,960 53,313 Cash flows from investing activities Dividends, interest and rents from investments Purchase of tangible assets Net cash froin investing activities 10,019 <1,800) 10.017 (6,151) 8,219 3,866 Net increase in CAsh cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 28,179 927,377 57,179 870,198 955,556 927,377 The notes on pages 18 to 33 form part of these financial statements. 15
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Flnancial Statements Year ended 31 December 2023 General information The cliarity is a public benefit entity and a regislercd charity in Northern Ireland and is unincorporated. The address of the principal office is 17 Main Road. Ballyinartin, Kilkeel, Newry, Co Down. BT34 4NU. Statement ofcompliance These financial statements have been pi'epai'ed in cotnpliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities pr¢paring their accounts in accordance witli tlie Financial 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 tlirough income & expenditure. The financial statements are prepared in sterling, which 15 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 concern There are no material uncertainties about the charity's ability to continue. The Trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For thi5 rea50n 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 Inonths incoming resources without prejudicing the ongoing activities of the organisation. Judgements and key sourees of estimation uncertainty In the application of the charity's accounting policies, the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities thal are not readily apparent from other sources. The estiinat¢s and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results Inay differ from these estimates. The estimates and underlying assumptions are received on an ongoing basis. Revisions to accounting estimates are recogni5ed in the period in which the estiinale 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 2023 Accounting policies (coniliiued) Fund accounting Unrestricted fund5 are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitinenl. Restricl¢d funds are subje¢led to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Where the Trustees make a transfer of funds from general funds to a restricted fund, the charity reserves the right to transfer the unrestricted eleinent 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 wtll be received and the amouiit of income r¢¢eivable can be measlired reliably. For legacies, entitlement is taken as the earlier of the date on which either.. the charity is aware that probate has been granted, the estate lias been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified lo the harily. or the charity is aware of the granting of probate, and tlie criteria for income recognition have not been met, then the legacy is treated as a contingent asset 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 relation to investment income is recognised at the time the investment income 15 receivable. 17
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2023 Accounting policies (coNliiiuudJ Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising fund5 includes the costs of all fundraising activities, events. non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activitie5 that further it5 charitable aims 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 cos15 are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment1055es. All assets costing more than £ 1,000 are capitalised. Cost includes the original purchase pi'ice, costs directly attribulable to bringing the asset to its working condition for ils intended use. disniantlingJ and restoration costs. The Charity liave utilised FRS 102 transitional rules for property and have included all property in use by the charity at tlie date of ti'ansition 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 ihat asset a5 follows.. Church Property Fixtures & Fittings No depreciation as residual values in excess of cost 100/0-25 /0 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 is accounted for prospectively. Investments Unlisted equity investments are initially recorded at cost, and subsequently measured at fair valu¢. If fair value cannot be reliably measured, assets are measui'ed at cost less impairment. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. 18
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 Aecounling policies (coiillrtiied) vestment property Investment property is revalued to its fair value at each reporting date and any Changes in fair value are recognised in pi'ofit or loss. Provisions Provisions are recognised when the entily has an obligation at the reporting date as a result of a past event. it is probable thal the eiitity will be I'equired to transfer econoinic benefit5 in settlement and the aniount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the ainount of the provision as an expense. Provisions are initially measiired at the best estimate of th¢ amount required to settle thc obligation at the reporting date and siibsequently reviewed at each reporting date and adjusted to reflect the current best esliinate of the amount that would be required lo settle the obligation. Any adjustments to tlie amounts previously recognised are recognised 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 present value of the amount expected to be required to settle the obligJation, the unwinding of the discount is recognised as a finance cost in the statement of financial activities in the period it arises, and is allocated to the appropriate expenditure heading. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial inslruinents are initially recogiiised 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 method. Defined eontribution plans The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in resp¢ct of the year. 19
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financlal Statements (conlinued) Year ended 31 December 2023 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Donations Free Will Offering Gift Aid Loose collections Stipend District collec110115 Small donations scheme Sunday school Livingstonia Mission5 Home & Abroad Mid-week offering Mi55ion boxes Property fund Orphan society PW Harvest appeal Belfast City Mission Fisherman Service Mission Comniittee Moderators Appeal Students Bursary Other donations 259.198 48,304 13,513 3,021 274 2.000 259,198 48,304 13,513 3,021 274 2,149 905 64,156 51,212 5,220 1,283 3,228 9,533 3,562 4,681 1,068 11,055 189 149 905 64.156 51,212 5,220 1.283 3,228 9.533 3,562 4,681 1,068 11,055 189 2,225 635 2,860 328,535 156,876 485,411 20
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 Donations and legacies (Coiilinued) Unrestricted Funds Restricted Total Funds Funds 2022 Donations Free Will Offering Gift Aid Loose collections Stipend District colleLlions Small donations scherne Sunday school Livingstonia Missions Home & Abroad Mid-week offering Mission boxes Property fund Orphan society PW Harvest appeal Belfast City Mission Fisherman Service Mission Committee Moderators App¢al Students Bursary Other donations 239,462 43,916 10,647 2,768 176 2,006 239,462 43,916 10,648 2,768 176 2,006 810 90,351 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 33,568 116 1,421 1.336 300,311 211,117 511,429 Charitable activities Unrestricted Funds Restricled Total Fund$ Funds 2023 Church Magazines Mourne Presbyterian Women Mourne Boys Brigade Mourne Girls Brigade Mourne Youth Council Mourne Youth Fellowship Saturday Club Rainbows 1.178 1,178 8,339 19,498 10,441 3,000 3,593 290 1,148 8,339 19,498 10,441 3,000 3,593 290 ,148 1,178 46,309 47,487 21
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 Charitable activities (eonliiiued) Unrestricted Funds Restricted Funds Total Funds 2022 Church Magazines Mourne Presbyterian Women Mourne Boys Brigade Mourn¢ 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 Investment income Unrestricted Fund5 Restricted Total Funds Funds 2023 Income from investment properties Bank interest receivable Other investment incoine- dividends 10,019 21,930 70 10,019 22,420 1,257 490 ,187 32,019 1,677 33,696 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 Other income Unrestricted Funds Restricted Total Funds Funds 2023 Youth Hall - reduction in provision Other income & unpre5ented cheque Grave fees Photocopier Use of Hall Radio Ulster Broadcast Service Energy Support Payment 2,000 2,000 407 160 17 50 250 1,200 407 160 50 250 1.200 2,084 2,000 4,084 22
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 Other income (conliiiueil) Unrestricted Funds Restricted Funds Total Funds 2022 Youth Hall - reduction in provision Grave fees 2,000 2,000 730 730 730 2.000 2.730 Expenditure on charitable %ctivitie5 by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Advancing Christianity Support costs 153.266 143,186 237,138 14 390,404 143,200 296.452 237,152 533,604 Unrestricted Funds Restricted Funds Total Funds 2022 Advancing Christianity Support costs 153,259 124,742 220,638 10 373,896 124,754 278,001 220.648 498,650 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2023 Total fuiid 2022 Advancing Cliri5tianity Governaiice costs 390,404 133,190 10,010 523.594 io,oio 489,691 8,959 390,404 143,200 533,604 498,650 23
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2023 10. Analysis of support costs Advancing Christianity Total 2023 Total 2022 Staff costs Prem ises General office Finaiice costs Governance costs Depreciation Support cost5 - Other congyregational costs SLlPPOrt costs- Dr McGc1ughey Memorial 33,867 79,503 5,791 498 10,010 6,136 7.395 33,867 79,503 5,791 498 io,oio 6,136 7,395 31.194 60,228 5,336 381 8,959 5,466 7,550 5.640 143,200 143,200 124.754 11. Net gains/(Ios5e5) on investments Unrestricted Endowment Tolal Funds Funds Funds 2023 Gains1(losses) on listed investments 296 1,267 1,563 Unrestricted Endowm¢nt Funds Funds Total Funds 2022 Gains/(losses) on listed investments (293) {2.451) (2,744) 12. Net income Net income is stated after chargingl(¢r¢diting)'. 2023 2022 Depreciation of tangible fixed assets Fees payable for the audit of the financial statements 6,136 3,840 5,466 3,600 13. Slaff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2023 2022 Wages and salaries Social security costs Employer contributions to pension plans 94,539 7,076 13,363 89,156 6,976 12,688 114,978 108,820 24
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 13. Staff costs fcoiilinued) The average head count of eimployees during the year was 5 {2022.' 5). The average number of full-time equivalent employees dui'ing the year is analysed a5 follows: 2023 2022 Minister Ministry support Maintenance Other No employee received employee benefits of Inore than £60.000 during the year (2022.. Nil). 14. Trustee remuneration and expenses The Minister of the congregation, Rev William Bingham, is also a trustee. Rev Bingham received remuneration of £53,175 {2022 £50,643) and expenses (including car allowance & mileage) of £9,094 (2022 £7,821) in his capacity as the Minister of the congrcgation. Pension contribution of £12,762 (2022 £12,154) were also paid to the Presbyterian Church in Ireland Pension Scheme (2009) in respect of Rev Bingham. No other trustees received any remuneration and no other trustees claimed any expenses during the year in connection with their duties. 15. Tangible fixed assets Church Fixtures and Property fittings Total Cost At l January 2023 Additions ,235,000 111.405 1,800 ,346,405 1,800 At 31 December 2023 1,235,000 113,205 1,348,205 Depreeiation At l January 2023 Charge for the year At 31 Deeember 2023 79.600 6,136 79,600 6,136 85,736 85,736 Carrying amount At 31 December 2023 1,235,000 27,469 1,262,469 1,266,805 At 31 December 2022 ,235,000 31,805 Church Property 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 Manse. Church Property was recognised in the financial statements using a fair value valuation as deemed cost on transition to SORP 2015 (FRS 102). 25
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 16. Tangible fixed a55ets (coiiliiiiied) The valuation was performed by independeiit external valu¢rs, 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 exchaiiged between knowledg¢able, willing parties on an arm's length basis in accordance with Financial Reporting Standard 102 'Th¢ 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 property it wa5 not possible to reliably state the historic cost of Church property. Fixtures & fittings are recorded a depreciated historical cost. 16. Investments Listed investments Investment properties Other investments Total Cost or valuation At l January 2023 Additions Fair value movements 36,838 100,000 3,275 140,113 1,267 297 1,564 At 31 December 2023 38,105 100,000 3,572 141,677 Impairment At l Januliry 2023 and 31 Deeember 2023 Carrying amount At 31 Deeember 2023 38,105 100,000 3,572 141,677 At 31 December 2022 36,838 100,000 3,275 140.113 All investments shown above are held at valuation. Investment properties Investment property at Greencastle 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 31 st December 2015. Fair Value is the ainount for which an asset could be exchanged between knowledgeable, willing parties on an ann's length basis in accordance wilh Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (FRS 102) and ihe Charitie5 SORP 2015 (SORP 2015). The Trustees consider the fair value of this property at the year end not to be materially different from the professional valuation dated 31 December 2015. 26
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 16. Investments (coiiliiiiied) 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 investments and the general investment fund are deterniined by reference lo the quoted price for identical assets in an active Inarket at the balance sheet date. 17. Debtors 2023 2022 Prepayments and accrued income Other debtors 22,765 69,284 13,493 68,451 92,049 81,944 18. Creditors: amounts falling due within one year 2023 2022 Trade creditors Accruals and deferred income Social security and other taxes 1,857 18,367 869 2.904 18,559 755 21,093 22,218 19. Provisions Youth Hall At l January 2023 Annual ownership movement At 31 December 2023 22,000 (2,000) 20,000 Construction of the Youth Hall at Greencastle Street. Kilkeel was a joint project between Mourne Presbyterian Church and a third-party government funder. Under the agreement between the parties, Moume Presbyterian Church's percentage ownership of the Youth Hall increases annually with the passing of time, until it will own l 00 % of the asset. As the full value of the asset has been reflected within the fixed asset, a provision recognising the government funder's interest in the asset has been recorded. 27
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 20. Pensions and other post retirement benefits Pension contributions The ainouiit recognised in income or expenditure as an expense in relation to defined contribution plans was £13,363 {2022.' £12.688). The charity operates a defined contribution pension scheme for it5 employees. The assets of the scheme are held separately froin those of the cliarity in an independently adininistered Fund. The pension cost charge represents coiilributions payable by ihe charily to tlie fund and amounted 10 £601 {2022 £534). Contributions totalling £13 8 (2022- £127) were payable to the fund 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 congregation pays an assessment to tlie 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 Scheine Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and fului'e obligations. A forn]al schedule of contributions was drawn whereby the Presbyterian Church agreed to pay conlributioiis of 24 /0 of pensionable salaries to cover tlie 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 £12,762 (2022 £12,154) to the fund. There were no contributions outstanding at the balance sheet date in the current or prior year. 21. Analysis of charitable fund5 Unrestricted funds Gains and At 1055es 31 Dec 2023 At l Jan 2023 Income Expenditure Transfers General funds 785,420 363,816 (296,452) ( i 0,000) 296 843.080 Gains and At losse5 31 Dec 2022 At l Jan 2022 Income Expenditure Transfers General funds 765,292 314,647 (278,001) (16,225) (293) 785,420 28
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 21. Analysis of charitable funds (continued) Restricted funds At l Jan 2023 Gains and At 31 Dec losses 2023 Incom¢ Expenditure Transfers Church Buildings Investinent Properties Belfast City Mission Livingstonia Fund Missions Home & Abroad Oiyhan Society PW Harvest Appeal Mid Week Offering Property Fund Mission Boxes Fishern)ans Service Earl Haig Moderator's Appeal Newell Bequest Income Sunday School orrering 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 Badininton .213,000 loo,000 5.785 64,802 27,969 1.769 497 .884 10,415 1,141 2,000 1,215,000 loo,000 4,681 38,876 29,494 1,767 593 1,739 13,643 978 4,681 64,156 51,212 9,532 3,562 5,220 3,228 837 1.068 635 189 ,283 905 (5,785) (91,082) (49,687) (9.534) 1,000 (3,466) (5,365) ( 1,000) (1,068) (635) (5,700) (1,265) (700) 5,511 1,160 736 1,178 941 11,055 9,302 19,509 10,444 3,006 3.597 (8,305) (1.000) (11,038) {1.534) (31,158) 9,276 (5,145) (8,276) (6.485) i 0,000 (1,841) 4,000 (224) (30) (8) (16) (1,051) (30) 1,750 29,659 3,997 1,829 6,561 10.041 94 440 84 1,966 331 658 32,929 6,370 4,806 40 4.285 318 470 92 1.690 234 687 292 1,148 1,486,590 206.862 (237,152) 10,000 1,466,300 29
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 21. Analysis of charitable funds (coiiliiiued) At l Jan 2022 Gains and At 31 Dec losses 2022 Income Expenditure Transfers Churcli Buildings Investnient Properties Belfast City Mission Livingstonia Fund Missions Home & Abroad Orphan Society PW Harvest Appeal Mid Week Offering Property Fuiid Mission Boxes Fishernian5 Service Earl Haig Moderator's Appeal Newell Bequest Income Sunday School Offering Student Bursary Mission Coinmittee Mourne Pr¢sbytei'ian Women Boys Brigade Girls Brigade Mourne Youtli Council Junior Youlh 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 ,607 8,109 1,259 2,000 1,213,000 100,000 5,785 64,802 27,969 1,769 497 1,884 10,415 5,785 90,352 51,788 9,786 3,263 4,452 2,306 882 1,404 1,421 33,568 1,225 810 115 4,375 6,067 3,690 9,135 (2,237) 22,259 (8,370) (48,516) (42,402) (9,747) (3,368) (4,175) ( 1,000) (1,404) 90 (28,057) 5,511 1,160 736 1,246 526 (600) (115) (10,450) (10,083) (3,506) (6,925) 625 33,577 6,186 2,596 5,694 9,218 388 500 100 1.964 128 716 5,450 3,368 32,929 6,370 4,806 40 4,285 318 470 92 1,690 234 687 8.400 2,375 (29,567) (70) (30) (8) (276) (678) (30) 784 1.437.780 253,233 (220,648) 16,225 ,486,590 Endowment funds At l Jan 2023 Gains and At 31 Dec Transfers losses 2023 Income Expenditure Newell Bequest Endowment 100,011 1,267 101,278 At l Jan 2022 Gains and At 31 Dec Transfers losses 2022 Income Expenditure Newell Bequest Endowment 102,462 (2,451) 100,011 30
Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 22. Analysis ol net assets between funds Unrestricted Fui)ds Restricted Fui)ds Endowment Total Fuiids 2023 Tanglible fixed assets Investinen15 Current assets Ci'editors less tlian l year Provisions 27,469 3,572 833,132 (21,093) 1,235,000 i 00,000 151,300 1,262,469 141,677 1,047,605 (21,093) {20,000) 38,105 63,173 (20,000) Net assets 843.080 1,466,300 101,278 2,410,658 Unresti'icl Fiinds Reslricied Funds Endowinenl Funds Total Funds 2022 Tangible fixed assets Investinents Ciirrenl assets Crcditors less than l year Pl'ovisions 1,235,000 100,000 173,590 1,266,805 140,113 1.009,321 (22,218) (22,000) 2,372,021 36,838 63,173 772,:,5P (?2,)18} (22,000) 1,486,590 Net asset5 78<,420 100,01 I 23. Analysi5 of changes in net debt At 31 Dec 2023 At l Jan ?023 Cash f]ows Cash at bank and in hand 927,377 28,179 955,556 24. Related parties, trustee rem uneration an(1 expe115es The Minister, Rev William Bingliain is considered lo be key Inanageinent personnel of the charity. Total reinuneralion paid lo R¢v Bingham by way of Iiis einploN'nient with the Church is detailed in Note 15. Rev William Bingham occupied residential church propertw al Manse Road, Kilk¢el (The Manse) in his role as Miiiisler of the coiigJregatioii. Rev. Binghaim was not chargFed rent for use ot this property. Duriiig the year the charity donaled £6,000 (?022 £'7,urg) lo Gary Binghain (a trustee) in support of his work the Belfast City Mission. 31