2024-12-31-accounts

CHARITY REGISTRATION NUMBER: NIC105010 Mourne Congregation Of The Presbyterian Church In Ireland Financial Statements 31 December 2024 UHY HACKER YOUNG FITCH LIMITED Chartered accountants & statutory auditor Suite 2.06 Custom House Custom House Square Belfast BT1 3ET

Mourne Congregation Of The Presbyterian Church In Ireland Financial Statem8nt8 Year ended 31 December 2024 Page Trustees, annual report Independent auditor's report to the members 10-13 Statement of financial activities 14 Statement of financial position 15 Statement of cash flows Notes to the financial statements 17-33

Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report Year ended 31 Docomber 2024 The trustees present their report and the fuiancial statements of the charity for the year ended 31 December 2024. Reference and admlDlstratlve detafils Registered ¢h8rity name Mourne Congregation Of The Presbyterian Church In Ireland Charity registration number NIC105010 Princlpal offlce Greencastle Street Kilkeel Co Down BT34 4BH The trustees Rev William Bingham Archie Alderdice Ivan Annett William Annett David Baird Doreen Bartholomew Jackie Blue Jim Chestnutt Edward Forsythe W A Grills Roy Hanna J W Hanna R J Hanna James Henderson Rodney McBride Sithiey McKee Joseph McKibbin David Monis James Morris Eri¢ Niblock Gregory Nicholson Robert Patterson Thomas Patterson Alan Skillen Eric Skillen James Stevenson Brian Townley William Turner Stanley Annett Gary Glenny Raymond M¢Kee Maurice Skillen James Stevenson Cornpany seeretary William Turner

Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (contlnuad) Year onded 31 December 2024 Auditor UHY Hacker Young Fitch Limited Chartered accounttnts & statutory auditor Suite 2.06 Custom House Custom House Square Belfast BTI 3ET Bankers Danske Bank 58 Hill Street Newry Co Down BT34 IAR Solicltors Fisher & Fisher l Newry St Rathfriland Newry Co Down BT34 SPY Strueture) governance 2nd management The Klrk Sesslon The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's governing document, The Code, the book of the constithtion and government 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 within its bounds. It ensures P&Storal care is An place in the congregation and seeks to fillther the contribution of the Church to Christian witness and service in the local conllnunity. The Kirk se￿lOn has delegated to its Congregational Committee the temporal affairs of the congregation including administering all fimds and propety belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the congregations. 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 casting vote. Stated meetings ofthe Kirk session are held at least three times in each year or as appropriats. To b¢ chosen for the office of the eldership in the congregation a person must be a votfftg 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 Se￿lon. Members are elected if they obtain two-thirds of the vote. Presbytery Under the Presbyterian Church in Ireland fom of governance, the cory)ornte oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and tempordl affairs of the congregations asgigned to it by the General Assembly of the Presbyterian Church in Ireland. Mourne Presbyterian Church has been assigned to the Presbytery of Newry within PreSby￿ria￿ Church in Ireland. The embership of the Presbytery consists mainly of the active ministers of congregations assigned to it by thc General Assembly, ministers who have retired from active duty and an elder appointd by the Kirk Session of each congregation.

Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (Mnflnuedj Year •nded 31 De¢ember 2024 Structure) governance and management (conlinutd) The Generxl Assembly The Generdl Assembly is the supreme wurt of the Church, representing in one body the whole Church and acting as its supreme legislative, administrntive and judicial authority, in dealing with all matters brought before it. The Gencral Assembly is nom)ally constituted during the first week in June for worship and to conduct its business. At Éh¢ end of business, it is dissolved The membership of the General Assembly consists mainly of the active tninisters of each Congregation, retired ministers and a representative elder appointed by the Kirk Session of each congregation. Description Purpose Mourne Presbyterian Church is a congregation of the Presbyterian Church in lftrland. The Presbyterian Church in Ir¢laThiL as a RefoTmed Church within the wider b(Kly of Chrlst is grounded in the Scriptures and exists to love and honour God through faith in His Son and by the power of His Spiril and to enable her members to play their part in ￿lfilling God's mission to our world. The congregation's mission PUTposes are by the grace of God, to help people of all ages become fully d¢voted followers of Jesus Christ. Our vision is, by the grace of God, to be an inclusive, welcoming community of ChTiSt'8 people of all ages, which: - is increasingly chaTa¢terised by love for Gol and love and concern for others. - is committed to the historic Christian gospel as revealed in the Bible; is relevant to people of this time and place. The congregation aims to live out tts Mission 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 faithfiilly toward Him and toward one another. An ]ntergenerdtional Community: where adults inlentiot]ally take the lead to engage witty encourage and nurture younger metnbers to n￿tllThty in Christ. An Outward looking Commuttity: 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 n￿tterS of Cknistian faith and practice.

Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (conhnued) Year ended 31 December 2024 Objectives and activltles The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lord's Supper is observed on several occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Suppcr. The congregation homs regular Bible study and prayer me¢tings and has a WAde range of organisations including* - Sunday School - Bible Classes - Midweek FellowslLiP Group - Crèches - Chtldren's Church - Sunday Knight Kids - Youth Fellowship Groups - Small Group Me¢tings - Boys Brigade - Girls Brigade - Presbyterian Women - Mens Fellowship - Badminton Club - Youth Club - Mothers and Toddlers - Walking Group - Ladies Bible Stsdy Group covering all spiritual and operational matters. Achievements and perfomanee Worshlp and prayer The congregation met for worship each Sunday at 11.30am and 7.00pm. During the week the Bible Study provided an opportunity for mernbers to meet for fellowship, to S￿dY the gcriptures and for a time of prayer. Live Broadcast services on Sunday mornings and evenings were available online with an average 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 seryice. The midweek prayer Meeting and Bible study was held on ThuTsday evenings with an averdge attendance of 70 people. Full members classes were held in the Spring, 9 people were admitted to The Lord's Table for the f￿st time and I persons were received on transfer from other congregations. There were 9 infant baptisms and infant dedicalion5, 2 adult baptisms, 9 weddings and 23 funeral seTvices. At 31 December 2024 thcre wcie 591 communicant members and 995 families connected with the congregation. The SaGram¢nt of the Lord's Supper was served at evening worship in January and morning worship in May and November. The avernge weeldy attendance at wornhip was 700 in the morning and 390 in the evening. The Trustees are very grate￿] to the 180 Banl Organist, Praise Ban4 musicians and choir who led worship throughout the year. Many have been blessed through their n]inisty. Monthly servtces also took place in Bwkney Hall except for the summer months.

Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (continued) Year ended 31 December 2024 Achievements and performance {ctpndttued) Pastoral e&re Members of the congregation who are unable to attend church due to sickness or agc were visited by the minister, elders or by one of the congregation's pastoral visitors. MT Ellis Hanna joined us as a Student Assistant part time. Mission and outreydeh The congregation supports the United Appeal for Mission which is a ¢entral fund of the Presbyt¢rian Church in Ireland. This fund enables congregations to support tbe wider mission of the denomination and to do mission and outrea¢h on a denominational basis beyond what the ¢ongregation could do on its own. The United Appeal Fund provides fman¢ial support for mission personnel at home and overseas, assists congregations with tbe deployment of lo¢ally based staff, enables Church planting> provides grant support for the upkeep of church premises, assists with the running Costs of Union Theological College, the Church's training college for ministy students, and fmancially supports congregations in the areas of worship, discipleship, global mission, outreach, leadmhip and pastoral care. The congregation also supports the work of the Student Christian (kganisation of Malawi and various projects relating to the work of The David Gordon Memorial Hospital in Livingstonia, Malawi, with a particular focus on supporting the very poor and vulnerable members of the are& The congregation supports various local charities including The Fish¢rn]en's missio￿ TILe Southern Area Hospice, Child Evangelism Fellowship, Mourne Stimulus, Mission Aviation Fellowship, Belfast City Mission, Prison Fellowship, The Royal British Legion, The RTrILI and The Presbyterian Children's Society. The Congregation also supports, both fU￿nCIallY and prayerfully, members of our fellowship who d¢cide to do short or long-temi 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 congr¢gation was repr¢sent¢d at tn¢¢tings of Presbytery by our minister and two of the elders. This provides an important link between the congregations and the wider StrUctL￿eS of the church. The Kirk Session also took part in the rec4)nfiguration of churches survey conducted by the Presbytery. General Assembly The minister and two of our elders were nominated to attend the meeting of the General Assembly of the Presb)terAan Church in Ireland. The Generdl Assembly of 2024 was held in June. Property During 2024 general maintenance was provided for chU￿h properties. Organisations - Sunday School and Bible Classes met on Sunday mornings with an average attendanrK of over 275. Sunday Knight Kids met monthly with an averdge attendance of 50. Baby and Children's Crèche were held cach Sunday morning. Attendance varied. The Youth Fellowship groups met in the halls each Sunday evening with a combined average attendance of 110. The Girls, Brigade met on Tuesday ev¢nings with a varied programme of games, crafts, cooking and Bible study. No parents, evening was held this year. but the GB organised a Christtnas concert for parents. There are around 200 members plus officers and helpers. The Mother and Toddler Group met on Wethiesday mornings from 9.30am to I I.00am. Over 75 children are registered as members frorn throughout the community.

Mourne Congregation Of The Presbyterian Church In Ireland Tru81ees' Annual Report (￿n￿'nued) Year ended 31 December 2024 Achlevements and perfomanee {eofttsNued) The Boys, Brigade met on Wednesday evenings with a varied programme of sports, oraft4 games and Bible study. Parents evenings for Anchor Boys and Junior Section were held Marnh. There are around 200 members plus leaders and helpers. The Badminton 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. The Men's Fellowship met two titnes each month from September to April. They also organised a Men's Big B￿dkfast in January. English Classes for people from other countries living in our community were held this year on a Monday evening. The Saturday Club met from January to March and September to December. Small group Bible studies were held in the church balls throughout the year. The Walking Club organised several walks this year. The Trustees wish to acknowledge their deep appr￿lation of those who give freely of their tim¢ by serving on committees and helping with organisations and other church activities. They also thank our caretskers for the excellent work in cleaning and maintaining the church properties. Public Benefi¢ Statement The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to ils members and the general publi¢ by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direct benefits which flow from the PUTposes of the Church include the gaining of an un(krstanding in Christian beliets as set out in the Bible and in the Church's subordinate standards (th¢ Westminster Confession of Faith and the Shorter and IArger Catechisms) leading to spiritual and moral development and opportunities for response to Bible tea¢htng. this framework leads to practical expressions of Cknistian beliefs and sLqndards 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 established to do messages for those living in isolation durAng 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. txJ¢al delivery is facilitated by central resources in aljnost all cases. Public arxess is n￿de known through the use of noticeboards, printed material, press advertis¢men¢ ebsites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and via itifornial, ad-hoc feedback from members, their families, and members of the publi¢. The purpose does not lead to harnL The only private benefit flowing from our purpose is related to Ministers, Missionarftes, Deaconesses, Irish Mission workers and iAy Agents who receive benefits as a result of their holding office or employment. However, this is in¢idental and necessary in order to ￿rther our clwitable purpose. There are no other private benefits. The benefi¢iaries of this purpose are members, their families, other Andividuals thai the Presbyterian Church in Ireland is in direct and indirect contsct with, the community in which pastoral services are provided and other communities tlroughout Northern Ireland, the Rq)ublic of Ireland. and worldwide which benefit from our engagement wtth and support for both Christian and other Secular organisations, eharities 2nd individual members of the public.

Mourne Congregation Of The Presbyterian Church In Ireland Trusteas, Annual Report (Gontlnuadj Year ended 31 December 2024 The Kirk Session has had regard to the Charity Commission's public benefit requirement ststutory guidance. Financial review The congregation's main source of income is members, contributions through the Weekly Freewill Offering. TheTe were 704 (2023 - 701) contributors during the year. donating a total of £264.805 (2023- £259.198). Total income during the year was £607,670, compared to £570.678 in the previous year. Increased donations and higher bank interest fdtes accounted for the ￿￿JOrity of this increase in income. Totsl expenditure for the year amounted to £534.527 (2023 - £533.604). Net in¢ome recorded totalled £74,371 (2023 - £38,637). Goin£ Coneern The artivities of the congregation are dependent on [￿goIng contributions from its members. The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these fjnancial statements to meet Commitments which will arise in the year from the date of Si￿ling this report and subject to the continuing 5UPPOrt from members to fund on an ongoing b&8iS the congregation's CUfTent activitie5 and Oth￿ fu￿]C1a1 ornmitments, Reserves Poliey The Trustees have considered the level of unrestricted reserves that is appropriate to holl taking account of cuffcnt and ongoing conuniknents. It is the policy of the Twstees to hold at least three month's nornial expenditure. At the year-end unrestricted reserves were £903,012 (2023 - £843,080) which rep￿sents a higher level of reserves. The Trustees however, consider it prndent to hold reserves at this level as the funding of its present activities is dependent on the ongoing fmancial support of members. Risk Review A review of major risks has be¢n undertaken by the Truslees and systems and procedures implemented io manage identified risks. The principal risks are in relation to the likelihood of reputalional damag¢ and f￿anCIal risks associated with the expectation of ongoing f￿ancial support from members. These risks are mitigated by the Trustees, and the Congregational Committee, regularly monitoring of the various activities of tbe congregation at slated meetings and by encourdging members in their regular giving. Truslees, responsibilities statement The trustees are responsible for prepari￿ the trustees, report and the financial statements in accordance with applicable law and United Kingdom A¢counting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to chaTitics in Northern Ireland requlres the charity trustees to prepare financial 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 that period.

Mourne Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (contlnufjd) Year ended 31 December 2024 In preparing these fllwicial statements, the trustees are required to: select suitable accounting policies and then apply thetn consistently" observe the methods and principles in the applicable Charities SORP. make judgments and a¢wunting estimates that are reasonable and prndent" state whether applicable UK Accounting Stsndards have been followed, subject to any material departures disclosed and explained in the fllwicial statements. prepare the fmancial sta*ments on tbe going ¢on¢ern basis unless it is inappropriate to prcsumc that the charity will Continue in business, The trusfre5 are responsible for keeping adequate acwunting rccords that are sufficient to show and explain the haTity's transactions and disclose with reasonable accurdcy at any time the fman¢ial position of tbe charity and enable them to ensure that the financial ststements cotnply with the Charities Act (Northern treland) 2(K)8. 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 itTegularities. The tNstees' annual report was approved on.............. .......... . and signed on behalf of the board of t￿￿te¢S by.. Rev William B. Trustee William Turner Tn￿tee

UHY UHY H•¢k•rYoung Flteh Ch•rt•r•d A¢¢ount•nts B•lhst Suite 2.06 Custom House Custom House Squarè Belfast BTI 3ET MOURNE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND T [phone] E [e-mail] INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESB￿ERIAN CHURCH IN IRELAND Landon 222The Quadranglo Cambridge Squar¢ London W2 2PJ T [phone] Opinlon www.uhy-uk.eom We have audited the financial statements of Moum& Congregation of the Presbyierian Church In Ireland Ilhe 'charity'} for the year ended 31 December 2024 which comprise the Statement of financial adivities, the Balance sh8&t. the Statement of cash flows and the related notes. including a summary of significant accounling policies. The financlal reporting frameworkthat has been applied in their preparation is applicab18 law and Unit8d 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 PractiC8). In our opinion the financial statements.. give a true and fair vlew of the state of the Charity's affairs as at 31 December 2024 and of ts 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 G8n8rally Acc8Pt8d Accounting Practice. and have been prepared in accordance with Accounting and Reporting by Charities pr8paring Iheir accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and in other resp8cls the requir8ments of the Charitie Act {North8rn Ir8land} 2008. Basis for opinlon We conducted our audlt in accordance with International Standards on Auditlng (UK) {ISAs IUK)} and applicable law. Our responsibiliti8s under those standards are further described in the Auditors, responsibilities for the audit of the financial slatements section of our report. We are independent of the Charity in accordance with the ethical r8quirem8nts that are r8levant to our audit of the financial stalements in the United Kingdom. including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical resFKinsibilities 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 relating to going concern In auditing the financial stal8ments, w8 have concluded Ihat the Trustees, use of the going concern basis of accounting in the preparation of the financial ststements is appropriate. Helping you prosper 10 CHARTERED

MOURNE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND (CONTINUED) Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that. individually or collectFV81y, may cast signsficant doubt on the charity's ability to continue as a golng concern for a period of at least twelve months from wh8n th8 financial statements are authorised for issue. Our responsibilities and the responslbillties of the Trustees with respect to going concern are described in Ihe relevant Sections of this report. Other inforniation Th8 Other inforniation comprises the information included in the Annual report other than the financial statements and our Auditors, reF)Ort thereon. The Trustees are responsibl8 for the other information ￿ntained within the Annual report. Our oplnlon on the financial statements does not COV8r th8 Oth8r infom)ation 8nd, except to the extent othe￿iS8 explicitly ststed In our report, we do not express any form of assurance ¢onclusSon thereon, Our responsibility is to read the other inforrnalion and, in doing so, consider wh8lher the other information is malerially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstat8d. If we identrfy such material inconsist8nci8s or appar8nt mal8rial mlsstatements, we are required to determine whether thls gives rise to a material misstatement in the financial statemenls themselves. If. based on the Work we have performed. we conclude that there is a material mlsstatement of this other infomiation, we are requir8d lo report thal fact. W8 have nothing to report in this regard. Opinion on other matters prescrlbed by the Charities (Accounts and Reports) Regulatlons (Northern Iroland) 2015 In our opinion. bas8d on the work undertaken in the course of the audit.. the information given in the Trust8es' report for the financial year for which the financial statements ar8 prepared is consistent with the financial ststements. the Trustees, report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exception In the light of our knowledge and understsnding of the Charty and its environment obtained in the course of th8 audit, we have not identrfied material misstatements in the Trustees, reporL We have nothing to report In respect of the following matters in relation to which Chariti8s Act {North8rn Ireland) 2008 requires us to r8port to you tf. in our ¢pinion: adequate ac¢ountlng records have not been kept, or returns adequate for our audlt have not been received from branches not visitgd by us" or the financial statements are not in agr88m8nt with th8 accounling records and retums: or certain disclosures of Trustees. remuneration specified by law are not made. or we have not rec8lV8d 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 arjvantage of the sm811 companies, exemptions in preparing the Trustees, report and from the requirement to prepar8 a Strat89ic report. Responslbllltles of trustees As explained more fully In the Trustees, responsibilities statement. the Trustees (who are also the directors of the charitabl8 company for the purposes of company law) are responsible for the preparation of the financial statements and for such internal control 8S the Trustees d8termine is necessary to enable th8 preparation of financial siatements that are free from material misstatement. whether due to fraud or error.

MOURNE CONGREGATION OFTHE PRESBYfERIAN 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 Charitys ability to continue as a going concern, disclosing. as applicable, matters related to going concem and using th8 going conc8m 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. Audltors. responslb11ft5es for the audft of the flnancial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from matgrial misstalement, whether due to fraud or 8rror. and to issue an Auditors. report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarant88 that an audit conducted in accordance with ISAS (UK) will always detecl a material misststement 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 statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined abov8, to d8t8cI material misslatemenls in respect of irregularities. includlng fraud. The extent to which our procedures are capable of detecting Irregularities, Includlng fraud is detailed below- Our approach lo identifying and assessing the risks of material misstatement in respect of irregularities, inciuding 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 id8nttfy or recognise nonwcompliance with applicable laws and regulations. As part of the audit in accordance with ISAS (UK) we exerclsed professlonal judgement 8nd maintained professional scepticism throughout the audit. We identified the laws and regulallons applicable to the company through discussions with directors and other management, and from our commercial knowl8dg8 8nd experiènce of the sector and we focused on specific laws and regulations which we CDnsidered may have a direct material effecl on th8 financial statements or the operations of the company, including but not limited to taxation18gislation and data protectlon, antkbrlbery. employment, environmental and health and safety legislation. We assessed the susceptibility of the company's financial statements lo material misstatement, including obtaining an understsnding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, their know18dg8 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 audil procedures that were appropriate in the circumstanc8s but not for th8 purpose of 8xpressing an opinion of the effectiveness of the Company's intemal 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 joumal entries to identity unusual transactions and assess the risk of managem8nt override of controls- evaluated the appropriateness of accounting policies used, including managements, use of the going concern basis of accounting. and the reasonableness of accounting estimates and related disclosures made by management. and investigated the rationale behind significant Qr unusual transactions. In response to the risk of irr8gulariti8s 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 th8 tninuL8s of meetings of those charged with governance., and enquiring of management as to actual and potential litigation and claims. 12

MOURNE CONGREGATION OF THE PRESB￿ERIAN CHURCH IN IRELAND INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND (CONTINUED) Because of the inherent limitations of an audit, there is a risk thal w8 will not detect all I￿egUlar1ties, 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 r8gulation is removed frorn the events and transactlons reflected in the financial statements. as we will be less likely to becom8 aware of instsnces of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves int8ntional concealment. forgery, collusion, ornission or misrepresentation. A further description of our responsibilities for the audit of the financial ststements is located on the Financial Reporting Council's website at., V4ww.frc.org.ukJauditorsresponsibilities. This description forms part of our Auditors, report. Use of our report This report is made solely to the Charlty's trustees. as a body, in accordance with S￿tIOn 65 of the Charities Act (Northern Ireland) 2008. Our audit work has been undertaken so that we might state to lh8 Charitys 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. w8 do not accept or assume responsibility to anyone other than the Charity and lis trustees. as a body, for our audit v￿rk, for this report, or for the opinions we have formed. Ml¢hael Fttch (Senlor Stalutory Auditor) for and on behalf of UHY Hacker Young Fitch Limited Suite 2.06. Custom House Custom House Square Belfast BT13ET Date- 13th May 2025

Mourne Congregation Of The Presbyterian Church In Ireland Statement of Financial Activities Year ended 31 December 2024 2024 Restricted Endowment funds funds Total fllllds 2023 Unrestricted nds Total funds Noto Ineome and eDdoivmellts Donations and legacies Charitable activitie5 Investment income Other inco￿¢ 339,559 1,268 35,125 511 175,735 47,694 5,778 2,000 515294 48,962 40,903 2,511 485,411 47,487 33,696 4,084 Total Income 376,463 231,207 607,670 570,678 Expenditure ExpenditLwe on charitable activities 303,675 230.852 S34,527 533,604 Total expenditure 303,675 230,852 534,527 533,604 Net gains on investments 11 (169) (1,059) (1,228) (1,563) Net Ineome 72,957 355 1,059 74J71 38,637 Transfers between ￿ndS (13,025) 13,025 Other recognised gains and losses Gains from revaluation of r￿ed a5SCt 20,0(K) 20,000 Net movement In fullds 59,932 33,380 1,059 94,371 38,637 Reconciliation of funds Totsl fimds brought forward Total funds t￿rIed forward 843,080 903,012 1,466,300 101,278 2,410,658 2,505,029 2,372,021 1,499,680 102,337 2,410,658 The statcmellt of fu￿nClaI activities includes all gains and10&8es recognised in the year. All income and expellditure derive from continuing ￿tiVitieS. The notes on pages 17 to 33 fonn part of these flnanclal statements. 14

Mourne Congregation Of The Presbyterian Church In Ireland Statement of Financlal Posltlon 31 Docember 2024 2024 2023 Nots Fixed assets Tangible f￿ed assets Investments 15 16 1,26Q078 162,904 1,262,469 141,677 1,428,982 1,404,146 Currellt ￿se15 Debtors Cash at bank and in Iland 17 109,575 1,005,578 92,049 955.556 1.115,153 1,047,605 Creditors: amounts falling due within one year Net current asset5 18 21,106 1,094,047 21,093 1,026,512 Totsl a&sets less eurrent liabilities 2.523,029 2.430.658 Provlslons 20 18,000 20,000 Net assets 2,505,029 2,410,658 Funds of the charity Endowment fillllls 102 J37 101278 Restricted Revahthtion reserve Other Restricted fijnds 20,000 1,479,680 1,466,300 Totsl restricted fimds 1,499,680 1,466,300 Unrestricted fLmds 903,012 843,080 Total eharlty funds 2,505,029 2,410,658 These financial statements were approved by the board of trustees and authorised for i&sue on .............. and are signed on behalf of the board by.. Ul,l*fJg- Rev William Bingham Trustee William Turner Trnstee The notes on pages 17 to 33 form part of the88 flnanclal statements. 15

Moume Congregation Of The Presbyterian Church In Ireland Statement of Cash Flows Year ended 31 December 2024 2024 2023 CAsh flows from operating activities Net income 74J71 38,637 Adjuslmenlsfor." Depre¢iation of tangible fixed assets Net gains on investments Dividends, interest and rents from investments Other interest receivable and similar income Accrued income 9J86 (1,228) (10.020) (30,884) (964) 6,136 (1,563) (10,019} (23,677) (192) Changes in." Trade and other debtors Trdde and other creditors Provisions and employee benefits Other operating cash flow changes Cash generafrd from operations (18,876) 977 (2,000) {3,429) (933) {2.000) (i) 2,959 20,703 Interest received 32,234 52,997 17,(M)I Net cash from opernting activities 19,960 Cash flows from Investlng aelI￿tIeS Dividends, interest and rents froln investments PLwchase of tsngible assets 10,020 (12,995) 10,019 (1.8W) Net cash (used in)/from investing activities (2,975) 8,219 et increase in cash and cash equivalents CY45h and cash equivalent5 at beginning of year CAsh and eash equivalents at end of year 50,022 955,556 28,179 927,377 1,005,578 955,556 The notés on pagas 17 to 33 forni part of theso flnanclal statements. 16

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements Year ended 31 Docomber 2024 Gelleral Informstlon The ¢harity is a public benefit entity and a registered cltsrity in Northern Ireland and is unincon)orated. The address of the principal office is 17 Main Road. Ballymartin. Ki]keel. Newry, Co Down, BT34 4NU. Statemenl of eomplianee These fllwiGial statements have been prepared in compliance with FRS 102, The Finall¢ial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recornmended Practice applicable to charities prq)aring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102}) and the Charities Act (Northern treland) 2008. Aeeounting policies Basis of preparation The fmancial ststements have been prepared on the historical wst basis, as modified by the revaluation of certain f]nan¢ial ass¢ts and liabilities and investment property measured at fair value through income & expenditure. The fu￿ncial statements are prepared in sterliJyg* whi¢h is the functional curT¢n¢y 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 expectatton that the charity has adequate resources to continue in operational existence for the foreseeable ture. For this reason they continue to adopt the going concern b&sis in preparing the fmancial statements. To ensure this, the charity has a reserves policy to develop and n￿intain unrestricted reserves equivalent to 12 months incoming resources without prejudicing the ongolng activities of the organisation, Judgements and key sourees of estlmatlon uncertslnty In the application of the charity's accounting policies, the trnstees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily app8Tent from other sources. The estimates and associated assumptions are based on historical exp¢ricn¢e and other factors that are considered to be relevant. Actual results tnay differ from these estimatcs. The estimates and underlying assumptions are received on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where there vision affects both CU￿ellt and future periods. 17

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements fcontinued) Year ended 31 De¢emb•r 2024 Ae¢ounting polieies (conlinud) Fund accoulltlng Unrestricted fiu)ds are available for use at the discretion of the tnjstees to filrther any of the ¢harity's puryoses. Designated fund5 are unrestsirted funds earniarked by the trustees for particular futsjre pmject or commitment. Restricted funds are subjected to restrictions on their expendityre d¢¢lared by the donor or through the ternis of an appeal, and fall into one of two sulF¢lasses: Testrioted income funds or endowEnent fjjnds. Where the Trustees make a transfer of funds from general funds to a restricted flln￿ the cl]arity reserves the right to transfet the unrestricted element of that fund into general reserves at any time in the ￿tyre. Incoming resource8 All income is recognised once the charity has entitlen)ent to the incon]e, it is probable that the in¢om¢ will be received and the amount of income receivable can be measured reliably. For legacies. entitlement 18 taken as the earlier of the date on which either.. the ch8Jity 18 aware that probate has been grante(L the eslate has been finalised and notification has been made by the executor(s) to the Trust that a distnl)ution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in parL 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 disknTr)ution. Wher¢ l¢ga¢ies have been notified to the charity, or the charity is aware of the granting of probate, and the Gri*ria for income re¢ognilion have not been me¢ then the legacy is treated as a contingent asset and dis¢losed if material. Income tax recoverable in relation to donations re¢eived 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 thc time thc investment income is receivable. 18

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (¢onfinu8dJ Year ended 31 D￿ember 2024 Accounting po]fiefies (eo#tix#ed) Resources expende Expenditure is r¢cognised on an accruals basis as a liability is IncU￿ed. Expenditure includes any VAT whi¢h cannot b¢ fully r¢covered, and is classified under beadings of the statejnent of fllthncial activities to whi¢h It relates: expenditure on rdising fimds includes the costs of all fundraising activities, events, non-charitable trading activities. and the sale of donated goods. expenditure on Charitable activities in¢ludes all costs in¢urr¢d by a charity in undertaking activities that further its ¢haritable aims for the benefit of its b¢neficiaries, 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 refie¢ting tbe use of the resouwe. Direct costs attributable to a single activity are allocated directly to that activity. Shared Costs ar¢ apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible asset5 Tangible assets are stated at cost (or deemed cost) less accurnulated depreciation and a￿umulated impairn]ent losses. All assets costing more than £1,000 capitslised. Cost includes the original purchase price, costs directly attnTr>utable to bringing the ass¢t to its working ondition for its intended use, disnw)tling and restoration costs, The Charity have utilised FRS 102 transitional rnles for property and have inclu(kd all propety in use by the charity at the date of transition to FRS 102 at (kemed cost, being the fair value of the properties at that time. Depreciation Depreciation is calculated so as lo write off the cost or deemed cost of an asset, less its residual value, over the useful economic life of that a￿et as follows.. Church Propety FiX￿reS & Fittings Motor Vehicles - No depreciation as residual values in excess of cost 100/.-250/o straight line 250/0 straight line The a&sets' residual values and useful lives are reviewed. and adjuste(L if appropriate, at the end of each reporting perlod. The effect of any change is accounted for prospectively. 19

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continuodj Year ended 31 December 2024 Aceountlng policies (eonlinuedj Investments Unlist¢d equity investtnents are initially recorded at oosL and subsequently measured at fair value. If fair valu¢ cannot be reliably measured, assets are measured at cost less impairnjent. Listed investments are rneaSL￿ed at fair value with changes in fair value being recognised in income or expenditure. Investment property Illvestment property is revalued to its fair value at each reporting date and any changes in fair value ar¢ recogni5ed in profit or loss. Provisions Provisions are recognised when the entity has an obligation at the Teporting 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 f￿anCIal position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each ryrting dat¢ and adjusted to reflect the current best e5tiTnate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in income or expenditure unless the PTOVl8ion was originally [￿OgnISed as part of the cost of an asset. When a provision is measured at tbe present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a fll￿nce cost in the statement of f￿anCIal activities in the period it arises, and is allocated to the appropriate expellditt￿e heading. Financial instrument8 The charity only has fmancial assets and f￿h￿ClaI liabilities of a kind that qualify as basic fmancial Anstsiunents. Basic fmancial insttuments are initially recognised at transaction value and subsequently measur¢d at their settltiment value with the exception of bank loans which are subsequently mcasurcd at amortised cost ustng the effective interest method. Defined eontributloD plans The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. 20

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financlal Statements (continued) Year ended 31 December 2024 Donations and legaefies Unrestricted Funds Restricted Total Funds Fund5 2024 Don8tlons Free Will Offering Gift Aid Loose Collections Stip¢nd Distriot collections Small donations scheme Sunday school Livingstonia Missions Home & Abroad Mid-week offering Mission boxes Property fund 0￿han society PW Harvest appeal Belfast City Mission FisheTman Service Mission Committee Moderators Appeal Students Bursary Other donations 264,805 48,786 14,211 2,360 472 2,000 264,805 48,786 14,211 2J60 472 2,000 875 68,395 54,573 2J85 1,663 3,227 9a53 3,176 9,924 1,285 8,809 875 68,395 54,573 2,385 1,663 3,227 9,353 3,176 9,924 1,285 8,809 1,576 5,494 1,576 12,419 6,925 Legacies Legacies & bequests 5,000 5,000 339,559 175,735 515,294 21

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continu¢dJ Year ended 31 December 2024 Donations ¥4Dd legaeies (QJnthJu¢d) Unrestricted Funds RestriGtcd Total Funds Funds 2023 Donations Frec Will O£fering Gift Aid Loose collections Stipend District collections Small donations scheme Sunday ￿h0o1 Livingstonia Missions Home & Abroad Mid-week offering Mission boxes l)roperty fund Orphan society PW Harvest appeal Belfast City Mission Fishemian Service Mission Committee Moderators Appeal Sthdents 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 Leg&cles Legacies & bequests 328,535 156,876 485,411 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2024 Church Magazines Moume Presbyterian Women Mourne Boys Brigade Mourne Girls Brigade Mourne Youth Council Mourne Youth Fellowship Saturday Club Rainbows 1,268 1,268 9,238 8,046 3,584 2,621 23,048 9,238 8,046 3,584 2.621 23.048 1,157 1,157 1,268 47,694 48,962

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Flnanclal Statements (contlnued) Year ended 31 Docomber 2024 Ch8ritable a¢tivitie5 l¢onrfnuedJ Unrestricted Funds Restricted Total Funds Funds 2023 Church Magazines Mourne P[esby￿rian 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 1,148 1,178 46.309 47,487 Investment Income Unrestricted Funds Restricted Total Funds Funds 2024 Income from investment properties Bank Int￿ESt receivable Other investment income- dividends 10,020 25,017 88 10,020 29,596 1,287 4,579 1,199 35,125 5,778 40,903 Unrestricted Funds Restricted Total Funds Funds 2023 Incorne from investment properties Bank interest receivable Other investment income- dividends 10,019 21,930 70 10,019 22,420 1,257 490 1,187 32,019 1,677 33,696 Other Income Unrestricted Funds Restricted Total Funds Fwids 2024 Youth Hall - reduction in provision Other income & unpresented Gheque Grave fees Photocopier Use of Hall Radio Ulster Broadcast Service Energy Support Payment 2,000 2,000 71 440 71 440 511 2,000 2,511 23

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Flnan¢lal Statements fGontinuedJ Year ended 31 December 2024 Other Income (cortrfnued) Unrestricted Funds Restricted Total Funds Funds 2023 Y4)uth Hall - reduction in provision Other income & unpresented 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 17 50 250 1,200 2,084 2,000 4,084 Expenditure on eharitable aetivities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Advancing Christianity Support costs 167,469 136,206 230,834 18 398J03 136,224 303,675 230,852 534,527 Unrestricted Funds Restricted Totsl Funds Funds 2023 AdvanGinE Christianity Support C08ts 153,266 143,186 237,138 14 390,404 143200 296,452 237,152 533,604 Expenditure on ¢baritable activities by activity type Activities undertaken directly Support costs Total funds 2024 Totsl fi]nd 2023 Advancing Christianity Governance costs 398.303 126,357 9.867 524,660 9,867 523,594 io,oio 398,303 136224 534,527 533,604 24

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continu•dJ Year 8nded 31 December 2024 10. Analysis of sUPPOrt costs Advancing Christianity Total 2024 Total 2023 Staff costs Premises General office Finance costs Governance costs Depreciation Support costs - Other congregational costs 34.885 63.926 7,010 486 9,867 9,386 10,664 34,885 63,926 7,010 33.867 79,503 5,791 498 io,oio 6,136 7,395 9867 9J86 10,664 136,224 136224 143,200 11. Net gains on investments Unrestricted Endowment Total Funds Funds Funds 2024 Gains/(losses) on listed investments 169 1.059 1,228 Unrestricted Endowment Funds Funds Total Funds 2023 Gainsl{losses) on list¢d investments 296 1,267 1,563 12. Net income Net income is stated after chargingl(CTediting): 2024 2023 Depreciation of tangible fixed assets Fees payable for th¢ audit of th¢ financial statements 9,386 3,960 6,136 3,840 13. Staff costs The total staff costs and employee benefits for tbe reporting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans Other employee benefits 105,715 8,481 14,053 2036 94,539 7,076 13,363 130,785 114,978 25

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnuad) Year ended 31 December 2024 13. Stsff costs {effi¢inMed) The average head count of employees during the year was 4 (2023: 5). The averdge number of full-time equivalent employees during the year is analysed as follows: 2024 2023 Minister Ministry support Maintenance Other No employee received employee benefits of more than £60,000 during the year (2023: Nil). 14. Trustee remuneration and expenses The Minister of the congregation, Rev William Bingham, is also a tTUStee. Rev Bingham received remuneration of £55,834 (2023 £53,175) and expenses (including car allowance & mileage) of £9,507 (2023 - £9,094) in his cap￿lty as the Minister of the ¢ongregation. Pension contribution of £13,400 {2023 - £12,762} were also paid to the Presbyterian Church in treland Pension Scheme (2009) in reSp￿t of Rev Bingham. No other Irustees received any remuneration and no other trustees claimed any expenses during the year in connection with their duties. 15. Tanglble fixed assets Church Fixtures and fittings Motor vehicle5 Totsl Cost At l January 2024 Additions 1,235,000 113,205 1,34&205 12,995 12,995 At 31 December 2024 1,235,000 113,205 12,995 1,361,200 Depreeiation At l January 2024 Charge for the year At 31 December 2024 85,736 6,136 85,736 9,386 3,250 91,872 3,250 95,122 Carrying ￿￿Oll￿t At 31 Deeember 2024 1,235.000 21.333 9,745 1,266,078 At 31 December 2023 1,235,000 27,469 1.262,469 26

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Flnanclal Statements (continued) Year ènded 31 December 2024 15. Tanglble fixed assets (cortdnued) Church Property includes all properties ommed and occupied by the Charity in Advancement of Christianity and includes the Mourne Presb￿erian Church buildingy Graveyard, Halls, Youth Centre, Aparttnent and Manse. Church Propety wa5 recognised in the financial ststemcnts using a fair value valuation as deemed Cost on transition to SORP 2015 (FRS 102). The valuation was perfornied by independent exlernal valuers, Osborne King, as at 3 1st December 2015, on the basis of Fair Value. Fair Value being the amount for which an asset could be exchanged between knowledgthle, willing parties on an ann's length basis in a￿Ordance with Financial Reporting Standard 102 The Financial R¢porting Standard applicable in the UK and Republic of Ireland, IFRS 102) and the Charities SORP 2015 (SORP 2015). Given the nature of the properties and the high level of on-going tnaintenan¢e to which they are subj¢¢t, no depreciation is applied to Church Property. The residual value of Church Property is considered to b¢ at least equal to the deetned Gost of the property. Due to the age and nature of Church property it was not P088ible to reliably state the historir cost of Church property. Fixtures & fittings are recorded a depreciatrd historical ¢osL 16. Investments Listed investrnents Investment properties Other investrnents Total Cost or valuatlOD At l January 2024 Additions Fair value rnovements 38,105 loo,000 3,572 141,677 1.059 20,000 168 21,227 At 31 December 2024 39,164 120,000 3,740 162,904 Impairment At l January 2024 and 31 Deeember 2024 Carrying ¥4mouDt At 31 December 2024 39,164 120,000 3,740 162,904 At 31 December 2023 38.105 loo.000 3,572 141,677 All investments shown above are held at valuation. 27

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year anded 31 Decembfrr 2024 16. Investments (conttnuedj Investment propertles Investment property at Gr¢en¢astle Street, Kilkeel has been included in the financial statements at fair value. The property was valued by Keith Graham, an independent valuer, qualified under the Royal Institrjtion of Chartered Surveyors, possessing relevant experience in the area. The valuation was on the basis of Market Value, as at 7th April 2025. Market Value (fair value) is the amount for which an asset could be exchanged beiween knowledgeable, willing parties on an am)'s length basis in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irelalld, (FRS 102) and the Charities 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 7th April 2025. Financial gssets 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 inveslments and the general invesknent fund are detennined by reference to the quoted price for identical assets in an active market at the balance sheet date. 17. Debtors 2024 2023 Prepayments and aCC￿ed income Other debtors 38J64 71,211 22,765 69,284 109,575 92,049 18. Credltors: amounts falllng due withln one year 2024 2023 Trade creditors Accruals and deferred in¢ome Social security and other taxes 1,645 18,854 607 1.857 18.367 869 21,106 21,093 19. Deferred iDcome 2024 2023 Amount deferred in year 1,451 28

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Flnancial Statements (contlnued) Year ended 31 Decombor 2024 20. Provtslons Youth Hall At l January 2024 At)nual 0￿￿¢rship movement At 31 December 2024 20,000 (2,000) 18,01)0 Construction of the Youth Hall at Greencastle StreeL Kilkeel w&s a joint project between Mourne Presbyterian Church and a third-party government funder. Under the agreement between tILe parties, Mourne Presbyterian Chu￿￿,8 perGentage Owne￿Ip of the Youth Hall increases amiually with the passing of time, witil it will own IOO/o of tb¢ asset. As the full value of the asset has been refl¢¢ted within the fixed asset, a provision recognising the government funder's interest in the asset has been recorded. 21. Pensions and other post-retirement benefits Pension CODtributions The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £14,053 (2023: £13,363). The charity operates a defmed contribution pension scheme 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 fimd and amounted to £653 (2023 - £601). Contributions totalling £149 (2023 £137) were payable to the fund at the balance sheet date alld are included in creditors. The minister (and 2018 A￿ocIate Minister) of the congregation is a member of tbe Presbyterian Church in Ireland Pension Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate Tegister¢d charity, The congregation pays an assessment to the Presbyterian Church in Ir¢land equivalent to the employees pension contributions for th¢ Scheme and based on the stipend paid to the minister. The P￿Sbylerian Church ill Ireland Pension Scheme (2009) is a fund￿ Scheme of the defjned benefit type, providing defu)ed benefits based on career average revalued salary. The Scheme has assets held in a separately administered funa managed by a board of tmstees. The Presbyterian Church and the Scheme Trustees have agreed a fimding plan to ensure the Scheme is suffjciently funded to meet ¢urrent and futtwe obligations. A fonnal schedule of contributions was drawn whereby the Presbyt¢rian Church agreed to pay contributions of 240/fj of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in service benefits and fimding the schem¢ deficit. During the year tbe charity made payments of £13,4￿ (2023 - £12,762) to the ￿nd. There were no ntributions outsthnding at the balance sheet date in the current or prior year. 29

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (ContInu￿} Year ended 31 December 2024 22. Analysis of Cbaritable funds Unrestrleted funds Gains and At losses 31 Dec 2024 At l Jan 2024 Income Expenditure Transfers Genernl fi]nds 843,080 376,463 (303,675) (13,025) 169 903,012 Gains and I0￿¢S 31 Dec 2023 At l Jan 2023 Income Expenditure Trdnsfers General funds 785,420 363,816 (296,452) (lo,￿0) 296 843,080 Restrlcted funds At l Jan 2024 Gains and At losses 31 Dec 2024 Income Expenditure Trdnsfers Revaluation Reserve Church Buildings Investment Properties Belfast City Mission Livingstonia Fund Missions Home & Abroad Orphan Society PW Harvest Appeal Mid-week Offering Property Fund Mission Boxes Fishenuans Service Earl Haig Moderator's Appeal Newell Bequest Income Sunday School Olyering Student Bursary Mission Conllnittee MPC Special Appeal Mourne Presbyterian Womcn Boys Brigade Girls Brigade Mourne Youth Council Junior Youth Fellowship MPC Choir Monday Club Thursday Club Saturday Club Rainbows Badminton 20,000 20,000 1,217,1)00 loo,000 9,674 41,985 24.701 1,709 521 1,674 16,871 881 1,215,000 loo,000 4,681 38,876 29,494 1,767 593 1,739 13,643 978 2,000 9,924 68,395 54,573 9,353 3,177 2,385 3,228 903 1,284 650 (4,931) (65,286) (59,366) (9,411) (3,249) (2,450) (1,000) (1284) (650) 1,178 941 5,261 876 1,576 8,809 4,844 15,492 8,049 3,585 2,625 23.059 (2,665) (900) (1,576) (7,809) (1,000) (4,844) (11,923) (7,911]) (3,553) (7,282) (36,616) (75) {30) (7) (276) (963) (55) 3,774 917 1,750 1,750 29,659 3,997 1,829 6.561 10.041 94 440 84 1,966 331 658 3,249 2,100 2.100 36,477 6,246 3,961 1,904 6,309 19 410 77 1,692 525 603 9,825 1,157 ,466,3(K) 231,207 (230,852) 13,025 20,000 1,499,680 30

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2024 22. Analysis of charitable funds (contsnued) At l Jan 2023 Income Expenditure Trdnsf¢Ts Gains and At losses 31 Dec 2023 Church Buildings Investment Properties Belfast City Mission Livingstonia Fund Missions Home & Abroad Orphan Society PW Harvest Appeal Mid-week Offering Property Fund Mis8ion Boxes Fishermans Seryice Earl Haig Moderdtoes Appeal Newell Bequest Income Sunday School Offering Student Bursary Mission Committee MPC Special Appeal Mourne Presbyterian Women Boys Brigade Girls Brigade Mourne Youth Council Junior Youth Fellowship MPC Choir Monday Club Thursday Club Saturday Club Rainbows Badminton 1.213,000 loo,000 5,785 4,681 (5.785) 64,802 64,156 (91.082) 27,969 51,212 (49,687) 1,769 9,532 (9,534) 497 3,562 1,884 5,220 10,415 3,228 1,141 837 1,068 635 189 1.283 905 2,000 1215,000 loo,000 4,681 38,876 29,494 1,767 593 1,739 13,643 978 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 (8,305) (1,000) 1,750 32,929 9,302 (11,038) (J,534) 6,370 19,509 (31,158} 9,276 4,806 10,444 (5,145} (8,276) 40 3,006 (6,485} 10,000 4,285 3,597 {1,841} 4,000 318 (224) 470 (30) 92 (8) 1,690 (16) 234 (1,051) 687 (30) 29,659 3,997 1,829 6,561 10,041 94 440 84 1,966 331 658 292 1,148 1,486,590 206,862 {237,152) 10,000 1,466,300 31

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2024 22. Analysls of charltable funds (¢ondttu¢d) Endoivment funds Gains and At losses 31 Dee 2024 At l Jan 2024 Income Expenditllre Trdnsfers Newell Bequest Endowment 101,278 1,059 102,337 Gains and At losses 31 Dec 2023 At l Jan 2023 Illcome Expcnditur TrdnsfetS Newell Bequest Endowment ioo,oii 1,267 101,278 23. Analysis of net assets beiween funds Unrestricted Funds Restricted Endowtnent Total Funds Funds Funds 2024 Tangible f￿¢d assets Investments Current a&sets CreditOTS less than l year Provisions 31,078 3,740 887.849 (19,655) 1,235,OIK) 120,000 164,131 (1,451) (18,000) 1,499,680 1,266,078 162,904 1,115,153 (21,106) (18,(JDO) 39.164 63.173 Net assets 903,012 102,337 2A05,029 Unrestricted Funds RestrA¢ted Endowment Funds Funds Total Funds 2023 Tangible fixed assets Investments Current assetg Creditors less than l year Provisions 27,469 3.572 833,132 (21,093) 1,235,000 ioo.(K)o 151.300 1.262.469 141,677 1,047,605 (21,093) (20,000) 2,410,658 38,105 63,173 (20,000) 1,466,300 Net a55ets 843,080 101,278 32

Mourne Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (conunuedj Year 8nded 31 December 2024 2￿ Analysis of changes in net debt At 31 Dec 2024 At l Jan 2024 Cash flows Cash at bank and in hand 955,556 50,022 1.005,578 25. Related parties, trustee remuneration expenses The Minister, Rev William Bingham is considered to be key M￿ageM¢llt personnel of the charity. Total remuneration paid to Rev Bingham by way of his employment with the ChuKh is detailed in Note 14. Rev William Bingham Occupied residential church pmperty at Manse Road, Kilkeel (The Manse) in his role as Minister of the congregation. Rev. Bingham was not charged rent lor use of this propety. I)uring the year the ¢l)arity donated £6,000 (2023 - £6,000) to Gary Bingham (a trustee) in support of his work the Belfast City Mission. 33