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 +44 2890 322 047
E belfast@uhy-uk.com
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 +44 2073 057 489
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