CHARITY REGISTRATION NUMBER: NIC105010 Mourne Congregation of The Presbyterian Church in Ireland Financial Statements 31 December 2025 UHY HACKER YOUNG FITCH LIMITED Chartered accountants & statutory auditor Suite 2.06 Custom House Custom House Square Belfast BT13ET
Mourne Congregation of The Presbyterian Church in Ireland Financial Statements Year ended 31 December 2025 Page Trustees, annual report Independent auditorfs report lo the members 10-13 Statement of financial activities 14 Statement of financial position 15 Statement of cash flows 16 Notes to the financial statements 17-32
Mourne Congregation of The Presbyterian Church in Ireland Trustees. Annual Report Year ended 31 December 2025 The Irustees present their report and the financial ststements of the charity for the year ended 31 December 2025. RefereDce and Administrative details Registered cbarity name Mourne Congregation of The Presbyterian Church in Ireland Charitv registration number NIC105010 Prlnelpal offiee Greencastle Street Kilkeel Co Down BT34 4BH The trustees Rev William Bingham Ar¢hie Alderdice Ivan Annett Ronald Annett William Annett David Baird Doreen Bartholomew Gary Bingham Jackic Bluc Jim Chcstnutt Edward For%ythc W A Cjrills Roy Hanna J W Hanna R J Hanna James Henderson Rodney McBride Sidney McKee Joseph McKibbin David Mortib James Mottis EriL NibloLk GrebFury Nichts150n Robert PatteTson Thomas Patleron Alan Skillen Eric Skillen James Stevenson Brian Townley William Turner Stanley Annett Gary Glenny Raymond M¢Kee Maurice Skillen James Stevenson CompaDy secretary William Turner
Mourne Congregation of The Presbyterian Church in Ireland Trustees. Annual Report Icontinuedj Year ended 31 December 2025 Auditor UHY HackeT Young Fitch LiTnited Chartered accountajits & statiitory auditor Suite 2.06 Custom House Custoin House Square Belfast BTI 3ET Bankers Danske Bank 58 Hill Street NEWRY Co Down BT34 1AR Sollcltors Fisher & Fisher 1 Newry Sl Ralhfriland Newry Co Down BT34 SPY Stru¢tur¢J governAn¢e and mAnagement The Kirk sessio Thc charity trnstccs of thc congrcgation arc thc mcmbcrs of it% Kirk Scssion. Undcr thc congrcgation's govcrning documcnt, Thc Codc, thc book of thc con%titution and govcrnmcnt of thc Prcsbytcrian Church in Ircland, thc Kirk Scs%ion sccks to watch ovcr and promotc thc %piritual intcrc%t of thc congrcgation and of pcr%on8 not eonncctcd with any eongrcgation who arc within its bounds. It cn%urc% pastoral carc is in placc in thc congregation and seeks to further the contribution of the Church to Christian witnes5 and service in the local cominunity. The Kirk Session has delegated to it5 Congregational Committee the teinporal affair5 of the congregation including adininistering all fullds at]d property belonging to the congregation. MembeTS of the Kirk Sessiot] are ex-officio inembetE of the Congregational Committee. The Kiik Session consists of the ordained ininister and the ruling elder5 of the coiigregations. All meTnbers are entitled to propose, speak and exercise equal votes at ineetin¥F5, except that the Modetator and the mini5ter5 in active duty in the conbFregation, have no deliberative but only a casting vote. Stated meetings of the Kirk session are held at least three times in euch year or as appropTiate. To be chosen foi the office of the eldeiship in the congregation a person must be a vtsting member and a regular attenddllt on its Oldinles. The stlectioii of those proposed to be Lalled to tl)e vffice L(In be by vote either by the congregation or by rhe Kirk Session. Members are elected it ihey obtain n¥o-thirds of the vote. Presbvtery Under the Presbyterian Church in Ireland fomi of govemance, the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Mourne Presbyterian Church has been assigned to the Presbytery of Newry within Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the G¢ncral Ass¢mbly, minist¢rs who hav¢ r¢tircd from activ¢ duty and an ¢ld¢r appointcd by th¢ Kirk S¢ssion of each ci)ngregation.
Mourne Congregation of The Presbyterian Church in Ireland Trustees. Annual Report Icontinuedj Year ended 31 December 2025 Structure, governAnce and mAnagement The General Assembly The General Assembly is the supreine coiirt of the Church, representing in one body the whole Churcli and actit]g as its supreine legislative, administrative and judicial authority, in dealing with all matters brought before it. The General Assembly is noTmally constituted during the first week in Jiine for worship and to condiict its busit]ess. At the end of business, it Is dissolved. The membership of the Get]eral Assembly con51Sts mainly of the active ministers of each Collgregation, retlTed JnilllSteTS and a representative eldeT appoit]ted by the Kirk Session of each congregation. Deserlptlon and Purpose Mourne Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Refornied c.hurch withii) the wider body of Christ is grounded in the Scriptuies 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 fulfilling God's mission to our world. The congregation's mission purposes are by the grace of God. to help people of all ages become fully devoted followers of Jesus Christ. Our vision is, by the grace of God, to be an inclwive, welcoming community of Chrisi's people of all ages, which.. is increasingly characterised by love for God, and love and Concern for others., ]% committed to thc historic Chri%tian gospcl &$ rcvcalcd in thc Biblc; is relevant to people of this time and place. Th¢ congrcgation aims to liv¢ out its Mission and Vision as a family of God's p¢opl¢ by b¢ing'. A Covenant Community.. where our relationships are rooted in the promi.%es of God by living faithfully toward him and towaTd one another. An Intergenerational Comrnunity.. wheTe adults intentionally take the lead to engage with, encourage and nurture youngFer rnembers to mamrity in Christ. An Outward lookin¥ Coinmunity.. wheie we want the blesbings of God that belong to us in the gospel to beLorne blessin¥s for othe15 beyond the bounds of OUT comniunity. As a coi)gregation of the Ptesbyteiian Church in Ireland, we believe that the Bible is the supieme autl)ority over all we do, and that the Westminstei Confession ol. Faitl), along with the Larger and Shortet Catechisins set out what we understand tl)e Bible teaches on key matters of Chiistian faith and prdctice.
Mourne Congregation of The Presbyterian Church in Ireland Trustees. Annual Report Icontinuedj Year ended 31 December 2025 Objectives and activities The congregation meets for worship every Sunday and visitors aTe welcome to join. The Sacrament of the Lords SuppeT is obsetved on Several occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord lesus Christ are adinitted to the Lord's Supper. The cot]gregation holds regulaT bible study and prayeT meetings and has a wide range of OTgani5ations including; Sunday School Bible Cl(Ibses Midweek Fellowship Group Crèches Childreii's Chuich Sunddy Kiii¥ht Kids Youth Felluwbhip Givups Small tiroup Meetings Boys Brigade (iirls Brigade Presbyierian Women Mens Fellijwship Badminton Club Youth Club Mothers and Toddlers Walking Group Ladies Walking Fellowship Ladies Bible Study Group Friendship Hour covering all spiritual and operational matters. Achievements aDd performance Worship and prayer The conbTre¥sation met for worship each Sunday at I1.30am and 7.00pm. During the week the Bible Study provided an opportunity for membeTS to meet foT fellowship, to study the 5criptUTe5 and for a time of prayer. Live Broadcast services on Sunday moTninbFS and eveninbF5 were available online w'ith an avera¥Fe online viewing of 1,850 foi the motninbT and 900 for the eveniiibF setvice5. The Tn]5tees acknowledge and thank the Media Tea for their dedication and expertise in providin¥ this service. The midH'eek player rneeting and bible study was Iield on Thursday eveniiibTS Wlth an averabTe attendance of 65 people. Full Inembe15 classes were held in the Spiing I I people were admitted to The Lord's Table for the Iirst time. There were 7 infant baptisms. 3 adult baptismb, 10 weddings and 22 funeral sen'ices. At 31 December 2025 there were 591 communicant members and 995 lamilieb connected with the congregation. The Sacrainent of the Lord's Supper was served at evening worship in January and nioming worbhip in May and November. The average weekly attendance at worship was 750 in tl)e Inoming ai)d 395 ii) the evening. The Trnstees are very gtatel'ul to the 180 Band. Organist, Praise Band, musicians and choir who led worship throughout the year. Many have been blessed through their ministry. Monthly services also took place in Brackney Hall except for the summer months.
Mourne Congregation of The Presbyterian Church in Ireland Trustees. Annual Report Icontinuedj Year ended 31 December 2025 Achievements and performance (40nlinwed} Pastoral care Member5 of the congregation who are unable to attend church due to sickness or age 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 outreach The evngtegdtioii bupports the United Appedl for Mission which is a centrdl fund ol. the Presbyteiian Chuich in I[¢1£d. This fund enables congregati011S to SUPPOlt the wider mission ot'the denomindtion aiid to do missioii vutreacl) on a deiivmiiiation(Il b(1sis beyond what the con¥re¥atiiJn Could do on its own. The United Appe(Il Fund provides financial support loi mission persvnnel at home and overseas, assibtb congitg(Itions with the deployment ol. locally based stiiff, eiiables church pldllting, provides gtant suppurt foi the upkeep tsf chui¢h premises, assists witli the nning costs uf Union ThevlogiLal Colle¥e, tl)e Church's training cvlle¥e fur ininistry students, and financially suppx)rts congregations in the areas Lif worship, discipleship. global mission. outreach, leadership and pastoral care. The congregation also supports the work of the Student Christian Organisation of Malawi and various projects 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 area. The congregation supports various local charities including The Fishemien's Mission, The Southern Area Hospice, Child Evangelism Fellowship, Mourne Stimulus, Mission Aviation Fellowship, Belfast City Mission, Prison Fellowship, The Royal British Legion, The RNLI and Th¢ Prcsbyt¢rian Childr¢n's Socicty. Th¢ cOnggatin also supports, both financially and pray¢rfully, m¢mb¢rs of our fcllowship who decid¢ to do short or long-tcrni s¢rvic¢ with mi$8ii)n focuscd organisations. M¢mb¢rs who und¢rtak¢ SdY to pr¢par¢ th¢m for scrvi¢¢ both at hom¢ and ov¢rscas also rc¢¢iv¢ siipport from th¢ congrcgation. Pre5b>ter The cot]gregation was Tepresented at meetings of Presbytery by OUT minister and two of the elders. This provides an important lit]k betw'een the congregation5 and the wider 5tn]ctiires of the church. The Kirk Session also took part in the reconfiguratiot] of churclies survey cot]ducted by the Presbytery. General Assembly The mit]ister at]d two of our elders were nominated to attend the tneeting of the General Assembly of the Presbyterian Church in ITeland. The General Asseinbly of 2025 was held in June and a special General Assembly in DecembeF. Property During 2025 general Inaintenance was provided. Organisations Sunday School and Bible Classes met on Sunday momings with an average attendance of over 275. Sunday Knight Kids met monthly with an average attendance of 45. Baby and Children's Crèche were held each Sunday morning. Attendance varied. The Youth Fellowship groups met in the halls each Sunday evening with a combined average attendance of130. The Girls, Brigade met on Tuesday evenings with a varied programme of games, crafts, cooking and Bible Study. Th¢rc ar¢ around 200 m¢mbcrs pliis offJ¢¢rs and h¢lp¢rs. Thc Mothcr and Toddlcr Group mct on Wcdnc%day mornings from 9.30am to I I.00am. Ovcr 65 childrcn arc regi%tered as members from throughout the eommiiniry.
Mourne Congregation of The Presbyterian Church in Ireland Trustees. Annual Report Icontinuedj Year ended 31 December 2025 Achievements and performance (40nlinwed} The Boys Brigade met on Wednesday evenings with a varied progTamme of sport5, crafts gaines and bible Sdy. Parents evenings for Anchor Boys and JunioT Section were held March. fhere are around 200 members plus leadeTS 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 Pre5byteria Woinen'5 Service in Marcli. The Men's Fellowship met two times each month from September to April. They also organised a Mens Big Breakfabt 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 halls ihroughout the year. The Walking Club organised several walks this year as did the Womens Walking Fellowship Fri¢ndship Hour f¢llowship b¢gan on a Thursday morning twi¢¢ p¢r month. An av¢rag¢ att¢ndanc¢ of 25. Thc Trustccs wi%h to acknowlcdgc thcir dccp apprcciation of tho%c who givc frccly of thcir timc by %crving on committees alld helping with organisation% and other church activities. They also thank our caretakers for the excellent work in cleaning and Jnaintaining the church properties. Public Benefit Statement The Presbyterian ChuTch in Ireland rneets the public benefit requirement by providing benefit to its members and the geneTal public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Chribtl£lll beliefs db Set out in the Bible and in the Church'b bubordinate standaids (the Webtminster Coiifesbion of Faith and the Shurter aiid Lar¥er CdteLh15ms) leading to Spiritual and mural developmeiit and opportunities for iespunse to Bible tedchins. In tutn, thib framewuik leads to piactical exprebsionb of ChTiStian beliefs and staiidards iii the Ivcal Lurnmunity such as thiuugFh the Lare of thuse in need linLludiii¥ the Sick, disabled and bereaved). A team of volunteers was also establislied to do for those livin¥ in isolation. Gei)ernlly, the above benefits. are delivered locally by Loi)gTegations and tl)eir meinbers or are lacilitated through presbyteiies or are oiganised and delivered centtally. Local delivery is facilitated by central TesouiLes in aln)ost all cases. Public access is made known through the use of noticeboards, printed material. press advertisement, websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of Ihe services and via inform31, ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to hami. The only private benefit flowing from our PUTLX)se is related to Ministers, Missionaries, Deaconesses, Irish Mission Workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incid¢ntal and necessary in order to further our Charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the Community in which pastoral services are provided and other coinmunities throughout NortheTn Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular organisations, charities and individual members of the public.
Mourne Congregation of The Presbyterian Church in Ireland Trustees. Annual Report Icontinuedj Year ended 31 December 2025 Achievements and performance (40nlinwed} The Kirk Session has had regaTd to the Charity Commissions public benefit Teqiiireinent StatOry guidance. FinaThcial reTriew The congregation'5 main source of income is mernbers, contributions through the Weekly Freewill OffeTing. There were 69212024 704} contributors during the year, donating a total of £272,03412024- £264,805). Total incotne durin¥ the year wa5 £580,955. compared to £607,670 in the previous year. Total expenditure for the ye ainounted to £560.788 (2024 £534,527). The inLrease in costb wab due to the ITILiease in or¥anisational and yFenei£il aLtivity. Net ii)come iecorded totalled £24,11212024 - £74.371). Coing Concern The activities of the congregation are dependent on ongoing contributions from its members. The Trustees are of the opinion that the Congregation h)s sufficient resources at the date of approval of these financial statements to meet comrnitrnents which .111 arise in the year from the date of signing this report and subject to the continuing support from members to fund on an ongoing basis the congregation's current activities and other financial commitments. Reserves Policy Th¢ TTUSt¢cs have considered the level of unrestricted reserves that is appropriate to hold, tsking account of current and ongoing commitments. It is the policy of the Trllstees to hold at least three Jnonth's normal expenditure. At the year-end ujirestricted reserves were £923,073 12024 £903,012) which represents 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 financial support of members. Risk Review review of major risks has been undertaken by the Tnjstees and systems and proceduTes implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing fiiiat]cial sllPPOrt from members. These Tisks are mitigated by the Trustees, aiid the CongrebTational Coinmittee, regularly monitoring of the variou5 activities of the con¥TegFatioii at stated Tneetin¥s by encourdbTin¥F ineniber5 in theii [egFulr gFiving. Trustees, responsibilities statement The trnstees are iesponsible for piepaiing the trustees, report and the fI[n¢]l btatements in accordance with appliLdble law Ui)ited Kingdom Accounting Standards (United Kingdom Genetally Accepted Accounting Practice). The law applicable to charities in Northern Treland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the chariry for that period.
Mourne Congregation of The Presbyterian Church in Ireland Trustees. Annual Report Icontinuedj Year ended 31 December 2025 Trustees re5POn5ibilitie5 5tatemeDt In pr¢paring th¢s¢ financial statcmcnts, thc trustws arc r¢qllir¢d to.. clcct %uitablc accounting policic% and thcn apply thcm con%istcntly; observe the methods and principles in the applicable Charities SORP. Inake judginents and accounting estimates that are reasonable and prudent: state whethei applicable UK Accountiiig Standards have been followed, subject to any TnateTial departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting Tecord5 that are sufficient to show and explain the charity's transactions and disc105e with reasonable accuracy at any tiine the financial p05ltion of the chaTity and enable them to ensure that the finat]cial statement5 comply with the Charitie5 Act INortheTn Ireland) 2(X)8. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detectiot] of fraud and other irregularities. The tru5tees' annual Teport was approved on 27 May 2026 and signed on behalf of the board of trustees by.. wbin9ham Rev William Bingham Trustee William Turner Trustee
UHY UHY Ha¢k•rYoung Fit¢h Ch*rt•Y•d Aeeount•nts B•lhst Suite 2.06 Custom House Custom House Square Belfast BTI 3ET MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND T +44 2890 322 047 E b&lfast@uhy-uk.eom INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Londo 222Th• Quadrangl¢ Cambridgè Squarè London W2 2PJ T +44 2073 057 489 Opinion www.uhy-ukLom We have audited the financial statements of Moume Congregation of the Presbyterian Church In Ireland Ilhe 'charily'l for the year ended 31 December 2025 which comprise the Statement of financial aclivilies, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the finanal statements= give a true and fair view of the state of the Charity's affairs as at 31 Dember 2025 and of ils incoming resources and application of resources, including its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and in other respects the requirements of the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our aud(( in accordance with International Standards on Auditing IUKI IISAS {UK)l and applicable law. Our resF)onsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial slalements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Helping you prosper 10 it•r•dtoCDryon•LhY1•nd4Utlh•dlQ(•rryOl1lM1Rln•bYtr•1IttUt•Ofrtw•dACjir4nI[knr IUICh•rt•mdArtInl51rllh•Op•MilW•M1¢IA1. CHARTERED ACC¢)VN[T5
MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESBERIAN CHURCH IN IRELAND {CONTINUEDI Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the charty's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other infomiation The other infomation comprises the infomialion included in the Annual report otherthan the financial statements and our Auditors, report Ihereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly staled in our report, we do not express any form of assuran conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial slalements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing lo report in this regard. Opinion on other matters prescribed by the Charities (Accounts and Reports} Regulations (Northern Ireland) 2015 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, report for the financial year for which the financial statements are prepared is consistent with the financial stalemenls. the Trustees, reFX)rt has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the Charity and ils environment obtained in the course of the audit, we have not identified material misstalemenls in the Trustees. report. We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept, or returns adeqLJate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of Trustees. remuneration specified by law are not made., or we have not reiVed all the information and explanations we require for our audit., or the Trustees were not entitled lo prepare the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees. report and from the requirement to prepare a Strategic report. Responsibilities of trustees As explained more fully in the Trustees, responsibilities slalemenl, the Trustees Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for such internal control as the Trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESBERIAN CHURCH IN IRELAND {CONTINUEDI In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or lo cease operations, or have no realistic altemative but to do so. Audltors. responslbllltles for the audlt of the financlal statements Our objectives are lo obtsin reasonable assuran about whether the financial slalements as a whole are free from material misslalemenl, whether due to fraud or error, and lo issue an Auditors, report that indudes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement 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 slalements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misslalements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Our approach lo identifying and assessing the risks of material misstatement in respect of irregularities. including fraud and non-compliance with laws and regulations, was as follows= The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills lo identify or recognise non-compliance with applicable laws and regulations. As part of the audit in accordance with ISAS IUKI we exercised professional judgement and maintained professional sceplicism throughout the audit. We identified the laws and regulations applicable lo the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector and we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including but not limited to taxation legislation and dats protection, anti-bribery, employment, environmental and health and safety legislation. We assessed the susceptibility of the company's financial statements to material misslatemenl, including obtaining an understsnding of how fraud might occur, by making enquiries of management as to where they considered there was sUsptibilItY to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal Controls in pla to miligale risks of fraud and non-compliance with laws and regulations. We obtained an understanding of internal controls relevant lo the audit in order lo design audit prOdureS that were appropriate in the circLJmstances but not for the purpose of expressing an opinion of the effectiveness of the Company's internal controls. To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected relationships,. tested journal entries to identify unusual transactions and assess the risk of management override of controls,. evaluated the appropriateness of accounting policies used, including managements, use of the going concern basis of accounting, and the reasonableness of accounting eslimales and related disclosures made by management., and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included but were not limited lo agreeing financial statement disclosures to underlying supporting documentation., reading the minutes of meetings of those charged with governance., and enquiring of management as lo actual and potential litigation and claims. 12
MOURNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MOURNE CONGREGATION OF THE PRESBERIAN CHURCH IN IRELAND {CONTINUEDI Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading lo a material misstalemenl in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial stalemenls, as we will be less likely lo become aware of InStanS of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentstion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al.. www.frc.org.uklauditorsresponsibilities. This description forms part of our Auditors, report. Use of our report This report is made solely lo the Charity's trustees, as a body, in accordance with Section 65 of the Charities Act (Northern Ireland) 2008. Our audit work has been undertaken so that we might state lo the Charity's trustees those matters we are required lo slate to them in an ALJdilors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed. Michael Fitch Isgnior Ststutory Auditor) for and on behalf of UHY Hacker Young Fitch Limited Suite 2.06, Custom House Custom House Square Belfast BT1 3ET Date.. 2Th May 2026 13
Mourne Congregation of The Presbyterian Church in Ireland Statement of Financial Activities Year ended 31 December 2025 2025 Restricted Endowment fullds funds 2024 Unrestricted fullds Total funds Total funds Note IN¢ome #nd endowments Donati0115 and lebTacies Charitable activities Investment income Other incoine 347,149 1.240 33,833 4.803 144.395 43.194 4,341 2,000 491.544 44,434 38,174 6,803 515,294 48,962 40,903 2,511 Total income 387,025 193,930 580,955 607,670 Expenditure Expcnditur¢ on ¢haritabl¢ 362,803 197,985 560,788 534,527 Total expenditure 362,803 197,985 560,788 534,527 Net gains on investhients 11 161 {4,1061 (3,945) 11,2281 Net income 24,061 14,0551 4,106 24,112 74,371 Transfers between funds 14,0001 4.000 Other recognised gains and losses Gains froin revaluation ol-fixed asset 20,000 Net movement in funds 20,061 155) 4,106 24,112 94,371 Reconciliation of fund5 Total fund% brought forward Total funds carried forward 903,012 1,499,680 102,337 2,SOS,029 2,410,658 923,073 1,499,625 106,443 2,S29,141 2,505,029 The statement of ftnancial activities in¢ludes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notgs on pago$ 17 to 32 form part of th9$9 financial statomgnts. 14
Mourne Congregation of The Presbyterian Church in Ireland Statement of Financial Position 31 December 2025 2025 2024 Note Fixed assets Tan¥sible fixed assets Investments 15 16 1,286.211 166,850 1,266,078 162,904 1,453.061 1,428,982 Current assets DebtOTS Cash at bank and in hand 17 94,669 1.020,351 109,575 1.005,578 1.115,020 Creditors: amounts falling due within one ye&r Net current as5etS 18 22,940 21,106 1,092.080 1,094,047 Total assets less eurrent liabilities 2,545.141 2,523,029 Provlslons 20 16,000 18.000 Net assets 2.529,141 2.505,029 Funds of tbe eharity Endowment fuiids RestTlCted funds Unrestricted funds 106,443 1,499,625 923,073 102.337 1,499,680 903,012 Total charlty funds 22 2.529,141 2.505,029 These financial ststements were approved by the board of trustees and authori5ed for issue on 27 May 2026 and are signed on behalf of the board by.. Wbigh4 liliieJ Rev William Bin¥ha TTUStee William Tutner Trustee The notgs on pago$ 17 to 32 form part of th9$9 financial statomgnts. 15
Mourne Congregation of The Presbyterian Church in Ireland Statement of Cash Flows Year ended 31 December 2025 2025 2024 Cash flows from operatlDg activities Net income 24,112 74.371 Adjtistmenlsjor.. Depieciatioii of tsn¥Fible fixed SEts Net gFains on investTnents' Dii'idend5. Illteie5t and ients froni iiiN'estments Other inteiest receivable and siinilui incoine Accrued expen5eb/lincomel 11,100 {3,945) 110,006) 128,168) 760 9,386 11,2281 110,0201 130,8841 {9641 Changes in.. TTade and uther debtors Trade and other creditors Provisions and employee benefits Other operating cash flow changes Ca%h gcncratcd from opcrations 15,218 1,074 (2,000) 118,8761 977 12,0001 8,145 20,763 Interest received 27,856 32,234 Net cash from operating activities 36,001 52,997 Cash flows from investing activities Dividends, interest and rents from investments Purchase of tangible assets Proceeds from sale of other investments 10,006 131,233) 10,020 (12,9951 Net cash used in investlllg activities (21,228) 12,975) Net increase in cash and cash cquivalcnts Cash and cash equivalcnts at beginning of year 14,773 1.005,578 50,022 955,556 Cash and ¢ash equivalents at end of y¢or 1,020,351 1,005,578 The notgs on pago$ 17 to 32 form part of th9$9 financial statomgnts. 16
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements Year ended 31 December 2025 General inform&tio The charity 15 a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal otTice is 17 Main Road, Ballymartin, Kilkeel, Newry, Co DOl, BT34 4NU. StatemeDt of compliance These financial statements have been prepared in compliallce with FRS 102, 'The Financial Reporting StandaTd applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to chaTlties prepaTing their account5 in accordance with the Financial Reporting StandaTd applicable in the UK aiid Republic of Ireland (FRS 102) {ChaTlties SORP IFRS 102)} and the Charitie5 Act (Northem Ireland) 2008. Aecounting polieies Basis of preparation The financial statements have been prepared on the hibtorical c05t basis, as inodified by the revaluation of Lertain financial assets and liabilities and investment property measured at fair value through income & expenditure. The financial siatements are prepared in sterling. which is the functional currency of the entity. Moume Congregation of The Presbyterian Church in Ireland constitutes a public benefit entity as defined by FRS 102. Going Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adeqiiate resources to continue in operational existence for the fore8eeable filre. For this reason, they continue to adopt the going concern basis in Preparing the financial statements. To ensure thi8, the ¢harity has a reserves policy to develop and maintain unrestricted reserves equivalent to 12 months incoming resources without prejudicing the ongoing activities of the organisation. Judgements and key sources of estimation llneertainty In the application of the charity's accounting policie5, the tStee5 aTe required to make jiidgementS, estimates ajid assumptlOll5 about the carrying amount of assets and liabilities that are not readily apparent from other source5. The estimates aiid associated as5umption5 ale based on historical experience and other factor5 that are considered to be relevant. Actual results niay diffeT froin these estimates. The estimates underlyin¥F d5suinptions die received on dn ongFoin¥ bs15. Revibions to accounting estimte are reco¥Fiiised in the period in which the estiTnate is reN'ised where the TeN'ision affect5 only that period, or in the period of the revision and future periods where tlie revision affects both Cutt und future periods. 17
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 Accounting policies (¢yttlinNed) Fund accollntiThg Unrestricted funds are available for use at the discretion of the tSte£S to further any of the charity's PUTP05es. Designated funds are unrestricted fund5 eartnarked by the trustees for particular future project or commitment. Restricted funds are bubieLted to restriLti011s on their expenditure deLlared by the doiior ur tliiough the teTmS uf Ltppeul, und fall into one of two sub-Lla5ses'. rebtriLted inLUltit fundb or endowqnent fund5. Wheie the Ttustees make a transfer tsf funds froin geneial I'unds to a restricted fund, the Lhaiity ieserves the right to transfei tl)e uniestiiLted element of that fui)d into geneial reserves at any tin)e in the future. Incoming resourees All income is recognised once the charity has entitlement to the income. it is probable thai the income will be received and the amount ofincome receivable can be measured reliably. For legacies, entitlement is taken as the earlier of the date on which either.. the chariry is aware that probate has been granted. the estate has been finalised and notification has been made by the execulorls) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a Icgacy, in wholc or in part, is only consid¢rcd probablc wh¢n th¢ amount can b¢ m¢a%urcd r¢liably and th¢ charity has bccn notificd of the ¢xc¢utor's int¢ntion to mak¢ a distribution. Whcr¢ l¢ga¢i¢s hav¢ bc¢n notificd ta th¢ eharity, or thc charity is awarc of thc granting i)f probat¢, and th¢ crit¢ria for in¢om¢ rccognition have not bcen mct, th¢n the legacy is trcat¢d as a ¢ontingcnt ass¢t and disclosed if mat¢rial. Income tax recoverable in relation to donations received under Gift Aid or deed of covenant is recognied at thc timc of thc donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 18
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 Accounting policies (¢yttlinNed) Resources expended Expenditure is Tecognised on an accruals basis a5 a liability is illCUTTed. Expenditure include5 any VAT whicli caniiot be fully recovered, and is classified under heading5 of the statetnent of financial activities to whicl) it relates.. expendire on Taising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expendire on charitable activities includes all ¢osts incUed by a charity in undertaking aetivities that further its ¢haritable aimq for the benefit of its beneficiaries, in¢luding those support costq and Costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the reSoue. Direct costs attributable to a single activity are allocated directly to that activiry. Shared costs are apporiioned between ihe activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are stated at cost {or deemed costl less accllmulated depreciation and accumulated impairnient losses. All assets costing more than £1,000 are capitalised. Cost includes the origit]al piirchase price, costs directly attributable to bringing the asset to its working condition for its intended use, di51nantling and restoration costs. The Charity have utilised FRS 102 transitional rule5 foi property and have included all property in iise by the cliarity at the date of trat]sition to FRS 102 at deemed c05t, being the fair value of the propertie5 at that time. Depreeiation Depreciation is calculated so ab to wtite off the L05t or deemed cost of an asset, less its iesidual value. over the useful eLunoiniL life of that asset as followb.. Chuich Property Fixtuies & Fittii)gs Motoi Vehicles No depieciation as residual values in excess of cost I O°/D-25 % stiaight line 25% straight line The assets, residual values and useful lives are reviewed. and adjusted. if appropriate. at the end of each reporting period. The effect of any change is accounted for prospectively. Investments Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impaimient. 19
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 Accounting policies (¢yttlinNed) Investment5 Listed inve5tn]ents are mea5UTed at fair value with changes in fair value being recogni5ed in income or expet]diture. Investment property Investment property is revalued to its. fair value at each reportin¥ date and any Lhange5 in fair value are recognised in PTufit or ltsb5. Provlslons Provisions are recognised when the entity has an obligation at the rewirting 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 iecognised as a liability in the statement of Iinancial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle ihe obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that ivould be required to setile the obligation. Any adjustments to the amounts previously recognised are recognised in income OT expenditure unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in the statement of financial activities in the period it arises, and is allocated to the appropriate expenditure heading. FinAn¢ial instruments Thc charity only has financial as%cts and financial liabilitics of a kind that qualify a% balC financial instrumcnts. Ba%ic fjnancial in%trumcnt% arc initially rccogni8cd at transaction valuc and %ub%cqucntly measured at their settlemellt value with the exception of bank loan5 which are subsequently tnea5ured at amortised cost using the effective interest method. Defined eontribution plans The charity opetates a defined Lontribution pension bcheine and the pension charge repteseiits the arnounts payable by the chaiity tu the fund in respeLt of the year. 20
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 Donations legacies Unrestricted Funds Restricted Total Fund5 Fllnd5 202S DonatioDs Free Will Offering Gift Aid Loose collections Stipend District collection5 Small donations scheme Sunday school Livingstonia Missions Hoine & Abroad Mid-week offering Mission boxes Property fund Orphan society PW Hanwest appeal Belfast City Mission Fisherman Service Mission Committee Students Bursary Other donations 272,034 52,615 14,838 2.701 1.009 2.000 272,034 52,615 14,838 2,701 1,256 2,000 833 42,105 247 833 42.105 54.362 3.161 1.21 3.454 9.199 3,661 9,399 3,161 1,210 3,454 9,199 3,661 9,399 1,153 9,427 9,427 1,952 6,184 8,136 Legacies L£gacies & bequests 347,149 144,395 491,544 21
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 Donations legacies Unrestricted Fund5 Restricted Fund5 Total Funds 2024 Donatitsns Free Will Offering Gift Aid Loose collections Stipend District collections Small donations scheme Sunday school Livingsionia Missions Home & abroad Mid-week offering Mission boxes Propcrty fiind Orphan %ocicty PW Harvc%t appcal Bclfast City Mi%sion Fishcrnian Scrvicc Mi8%ion Committcc Sdents Bursary Other donations Legaeie5 Legacies & bequests 264,805 48,786 14,211 2,360 472 2,000 264,805 48,786 14,211 2.360 472 2.000 875 68,395 54,573 2,385 1,663 3,227 9,353 3,176 9,924 1,285 8,809 1,576 12,419 875 68,395 54,573 2,385 1,663 3,227 9,353 3,176 9,924 1,285 8,809 1,576 5,494 6,925 5,0(M) 5,OtN) 339,559 175,735 515,294 ChAritAbl¢ activities Unrcstrictcd Funds Rcstrictcd Total Funds 202S Church Magazincs Mourne Pre%byterian Women Mourt]e Boys Brigade Mourt]e Girls Brigade Mourt]e Youth Council Mourt]e Youth Fellowship Saturday Club Rainbows 1,240 1,240 9,076 20,959 7,173 2,900 1,825 190 1,071 9,076 20,959 7,173 2,9(N) 1,825 190 1.071 1,240 43.194 44,434 22
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 Charitable activities Unrestricted Fund5 Restricted Fund5 Total Funds 2024 Church Magazines Mourne Presbyterian Wornen Moume Boys Brigade Moume Girls Brigade Moume Youth Council Moume 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 Investment ineome Unrestricted Funds Restri¢ttd Total Funds Funds 2025 Income from invesiinent properties Bank interest receivable Other investment income- dividends 10,006 23,736 91 10,006 26,026 1,542 2.890 .451 33,833 4,341 38,174 Unrestricted Funds Restricted Fllnd5 Total Funds 2024 Income fTom investment propertie5 Bank iiitere5t Teceivable Othei investment income- dividend5 10,020 25,017 88 10,020 29.596 1,287 4,579 1,199 35,125 5.778 40,903 Other iThcome Unrcstrictcd Funds Rcstrictcd Total Funds Fund5 202S Youth Hall - reduction in provision Other income & unpresented cheque Grave fees Use of Hall Radio Ulster Broadcast Service InsuianLe Claiin 2,0(H) 2,OIMI 180 250 250 4.123 180 250 250 4,123 4,803 2.0(X) 6,803 23
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 Other iThcome (toMil#uÉd) Unrestricted Fund5 Restricted Fund5 Total Funds 2024 Youth Hall - reduction in piovision Othei incoine & unpresented cheque Grave lees Use ol-Hall Radio Ulster Broadcast Serviee Insurance Claitn 2,0(X) 2,0(M) 440 440 2,000 2,511 Expenditure charitable activities bv fund type Unrestricted Funds Restricted Total Funds Funds 202S Advancing Christianity Support Costs 203,864 158,939 197,968 17 401,832 158.956 362,803 197.985 560,788 Unrestricted Funds Restricted Funds Total Funds 2024 Advancing Christianity Support costs 167,469 136,206 230,834 398,303 136,224 303,675 230.852 534,527 Expenditure on charitable 8Ctivi¢ies b), activity type Activities undertaken dire¢tly Support costs Total funds 2025 Total fund 2024 Advancing Christianity Governance costs 401,832 148,894 10,062 550,726 10,062 524,661 9,867 401,832 158,956 560,788 534,528 10. AnAlysi$ of support ¢ost$ Advancing Christianity Total 2025 Total 2024 Staff costs PT¢miscs General office Finance costs Governance costs Depreciation Support costs- OtheT congregational cost5 37,8R 82,539 6,879 460 10,062 11,100 10,036 37,880 62,539 6,879 34,855 63,926 7,010 486 9,867 9,386 10.664 10,062 11,100 10,036 158,956 158,9$6 136,194 24
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 11. Net gains on investments Unrestricted Endowinent Total Fund5 Funds Funds 2025 Gaii)slllosses) on listed investiknents 4.106 3,945 Unrestricted Endowment Funds Funds Total Funds 2024 Gainsl(losses) on listed investments 169 1,059 1,228 12. Net income Net income 15 Stated after chargIn(crEditiI-. 2025 2024 Depreciation of tsngFible fixed a55et5 Fees payable for the audit of the financial statements 11,100 4,158 9,386 3.960 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and [arleS Social Security costs Einployer contribution5 to pension plan5 Othei einployee benefit5 120,094 11,896 10,853 14,799 105,715 8,481 14,053 12,043 157,642 140,292 The average head Coiillt of employee% during the year w&$ 5 12024.. 41. The average number of full-time equivalent employees during the year is analysed a.% follow%'. 2025 2024 Minister Associate ininister Maintenance Other Thc numbcr of cmployccs whoqc rcmuncration for thc ycar fell within thc following bands, wcre.. 2025 2024 £60.000 to £69,999 25
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 14. Trustee remuneration and expenses The Minister of the congTegation, Rev William Bingham, is also a trllstee. Rev Bina received reiniineration of £57,788 (2024 - £55,834) and expenses (including car allowance & mileage) of £9,517 12024 £9,507) in hi5 capacity as the Minister of the congregatiot]. Pension contribution of £10,113 (2024 £13,400) w¢rc also paid to th¢ Pr¢sbytcrian Church in Ircland P¢nsion S¢hcm¢ (2009) in Sp¢¢t of R¢v Bingham. No other trustees received any remuneration. and no otheT trustees claimed any expenses during the yeaT III connection witli tlieir dutie5. 15. Tangible fjxed assets CliurLh Fixtures and Property fittin¥b Motor vehicles Total Cost Ai l January 2025 Additions 1,235,000 13,205 31,233 12,995 1.361,200 31,2.13 At.11 December 2025 1,235,000 144,438 12,995 ,392,433 Depreciation At l January 2025 Charge for the year At 31 December 2025 91,872 7,850 3,250 3,250 95,122 11,100 99,722 6,5(M) 106,222 Carrylng amount At 31 Deccmbcr 2025 1,235,000 44,716 6.495 1,286,211 At 31 December 2024 1,235,000 21,333 9,745 1,266,078 Church Ptoperty includes all properties owned and occupied by the Chaiity in Advancement of Christianity and ii)cludes the Moume Piesbjterian Church building. Grnveyard. Halls, Youth Centre, Apartment and Manse. Church Property was recognised in the financial statements using a fair value valuation as deemed cost on transition to SORP 2015 IFRS 1021. The valuation was perforn)ed by independent extemal valuers, Osbome 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 knowledgeable, willing pallies on an arn]'s lengih basis in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (FRS 1021 and the Charities SORP 2015 ISORP 2015). Giv¢n th¢ natuw of th¢ prop¢rti¢s and th¢ high l¢v¢l of on-going maint¢nan¢¢ to which thcy ar¢ subj¢¢t, no dcpr¢ciation is appli¢d ti) Church Prop¢rty. Thc rcsidual valu¢ of Chllrch Propcrty is consid¢r¢d to b¢ at Icast ¢qual to th¢ d¢¢m¢d cost of th¢ prop¢rty. Duc to thc agc and naturc of Church propcrty it was not pos%iblc to rcliably statc thc hi.%toric cost of C.hureh propcrty. Fixtures & fittings are recorded a depreciated historical cost. 26
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 16. Investments Listed investinents Investment properties Other investment5 Total Cost or valuation At l January 2025 Additions Fair value movements 39,164 120,000 3,740 162,904 4.106 (1601 3,946 At 31 December 2025 43,270 120,000 3.580 166,850 Impairment At l Janv&ry 2025 and 31 December 21125 Carrying amount At 31 December 202S 43,270 120,000 3,580 166,8SII At 31 December 2024 39.164 120,000 3,740 162,904 All investments shown above are held at valuation. Investment propertie5 Investtntnt property at Greencastle Street, Kilkeel has been included in the financial statements at fair value. The property wa5 valued by Keith GrahaTn, an independent valuer, qualified llnder the Royal Institution of CharteTed Surveyors, possessing Televant expeTiellce in the area. The valuation was on the basis of Market Value, as at 7th April 2025. Market Value (fair value) is tlie ainouiit for which an asset coiild be exchanged between knowledgeable, willing partie5 on an attn's length basis in accordance with Financial Reporting Standard 102 The Fin(Incial Rtporting Stdndard applicable in the UK and Republic of Ireland, {FRS 102) and the Ch(Illties SORP 2015 {SORP 2015}. The Trustees consider the lair value of this property at the year-end not to be materially different from the professional valuation dated 7th April 2025. Financial assets held at fair value Both listed and other invesiments are recorded at their fair value at the balance sheet date. The fair value of ihe listed investments and the general investmeni fund are determined by reference to the quoted price for identical assets in an active market at the balance sheet date. 17. Debtors 2025 2024 Prcpaymcnts and a¢crn¢d incom¢ Oth¢r d¢btors 22,353 72,316 38,364 94,669 109,575 27
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 18. Creditors: Amounts fAlling due within one year 2025 2024 Trade creditors ACCEa]S at]d defeed income Social Security and other taxes 2,842 18,913 1,185 1,645 18,854 607 22,940 21,106 19. Deferred income 2025 2024 Amount dcfcrrcd in y&qr 7S0 1,451 20. Provisions Youth Hall At l January 2025 Annual ownership movement At 31 December 202S 18,000 (2,000) 16,000 Conbtructioii of the Ytsuth Hdll dt Greencdbtle Stieet, Kilkeel was a jtsint project between Moume Presbyteiidll Church and d tl)ird-Pdrty governinent I'under. Under the agreement between the parties, Mourne Presbyterian Church's percentage ownership of the Youth Hall increases annually with the passing of time. until it will own 100 /0 ol. the asset. As the l'ull value of the asset has been reflected within the fixed asset, a provision recognising the government funder's interest in the asset has been recorded. 21. Pensions and other post-retirement benefits Pension contributions The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £10,853 (2024.. £14.053). 28
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 21. Pensions and other post-r¢tirement benefits (40Klinwed) The charity operate5 a defined contribiition pension scheme for its employees. The assets of the scheme are held separately from those of the charity in an independently admilllSteTed Fund. The pen5lOll Cost charge represents contributions payable by the charity to the fund at]d amounted to £740 (2024 - £6531. Contributions totalling £169 (2024 - £149) w¢r¢ payabl¢ to th¢ fund at th¢ balan¢¢ sh¢ct dat¢ and ar¢ in¢lud¢d in cr¢ditors. The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme 12009). Thi5 is a Scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congie¥atlOIl P(IyS (In (Ibsebbment to the Piesbyteiidn Church in Ireland equivalent to the employer's pension contributions for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme (20091 is a lunded Schenie ol. the delined benelit type, proN'iding delined benefits based on career average revalued salary. The Schenie has absets held in a separately adniinistered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trnstees have agreed a I'unding plan to ensuie the SLheme is sU]e1e1)tlY lunded to meet current and future obligatitsns. Following the 2023 Triennial Actuarial Valuation of the Fund. the fomial schedule of contributions was changed to reflect the significant improvement in the scheme's funding level. The Presbyierian Church now aeed to pay contributions of 17.5'/. (2024 - 241.) of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit. During the year the Charity made payments of £10,113 (2024 - £13,400) to the fund. There were no coniributions outstanding at ihe balance sheet date in the current or prior year. 22. AnAIysi5 of eharitable funds Unrestricted funds Gains and 105ses At 31 Dec 2025 At l Jan 2025 Income Expenditure Transfers General funds 903,012 387,025 1362,803} 14,0001 923,073 Gains and At losses 31 Dec 2024 At l Jan 2024 Income Expenditure Transfers General funds 843.080 376.463 1303.675} (13,0251 169 903,012 29
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 22. AnAlysi$ of £hAritxble funds (cyntinu¢d) Restricted funds Gains and losses At31 Dec 2025 At l Jan 2025 Income Expenditure Transfers Church Buildings liivestment Properties Belfast City Mi55ion LivinbTStonia Fund Missions Honie & Abioad OTphan Society PW Harvest Appeal Mid-week Oflering Properly Fund Mission Boxes Fishemans Service Earl Haig Newell Bequest Income Sunday School Offering Student Bursary Mission Committee MPC Special Appeal Teaching Week A&R Patterson Fund Mournc Prc%bJtcrian Womcn Boy% Brigadc Ciirl% Brigadc Mournc Youth Council Junior Youth Fcllow%hip MPC Choir Monday Club Thursday Club Saturday Club Rainbow5 Badminton 1,217,000 120,000 9,674 41,985 24,701 1.709 521 1,674 16,871 881 2,000 1,219,000 120.000 9,303 36,852 31,025 1,732 9,399 42,104 54,362 9,198 3,662 3,161 3,454 1,255 110.7701 147.2371 148.0381 {9,1751 1,000 13,6651 {2.7001 20,325 1,3.16 (8001 {1.1531 (6981 {3.9161 {9UOI 698 3,901 834 3,774 917 3,759 851 1,750 9.427 (6,012) 13,2811 1,884 3,971 (3,971) (1,0151 113,4141 128,637) {8,892) {7,018) {2,350) (19) (30) 17) (19) {1,082) (1321 36,477 6,246 3,961 1,904 6,309 19 410 77 1,692 525 603 10,197 20,966 7,175 2,902 1,831 12,3351 3,000 30,92S 1,575 2,244 1,788 11,332 4,000 5,542 381 70 1,604 514 472 192 1,071 1261) 1.499,680 193,930 1197,9851 4,000 1,499.625 30
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 22. AnAlysi$ of £hAritxble funds (cyntinu¢d) Gains and 105ses At31 Dec 2024 At l Jan 2024 Income Expenditure Transfers Church Buildings It]vestinent Properties Belfabt City Mi55ion Livinbwstonia Fund Missions Honie & Abioad OTphan Society PW Harvest Appeal Mid-week Offerins Properly Fund Missioi) Boxes Fishernians Service Earl Haig Newell Bequest Income Sunday Scl)ool Offering Student Bursary Mission Committee MPC Special Appeal Teaching Week A&R Patterson Fund Mourne Presbyterian Women Boy% Brigadc Ciirl% Brigadc Mournc Youth Council Junior Youth Fclloiv%hip MPC Choir Monday Club Thursday Clllb Saturday Club Rainbow5 Badminton 1,215,000 i 00,000 4,681 38,876 29,494 1,767 593 1,739 13,643 978 2,000 1,217,000 120,000 9.674 41,985 24,701 1.709 521 1.674 16,871 881 20,000 9,924 68,395 54.573 9,353 3,177 2,385 3.228 903 1.284 050 5.261 876 1,576 8,809 4,844 14,931} (65,286) (59,366} 19,411} 13,249} 12,450} I I,000} 11,284} 1650) 12,665} 1900) 11,576} 17,809} (1,(100} 14,844} 1,178 941 3,774 917 1,750 1,750 29,659 3,997 1,829 6,561 10,041 94 440 84 1,966 331 658 15,492 8,049 3,585 2,625 23,059 (11,923} 17,900} 13,553} 17,282} (36,616) 175} {30} {7} 1276) 1963) {55} 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 1.466,300 231.207 1230,852} 13,025 20,000 1,499,680 Endowment funds Gains and At 31 Dec losses 2025 At l Jan 2025 Income Expenditure Transfers Newell Bequest Endowment 102.337 4,106 106,443 Gain5 and At 31 Dec losses 2024 At I lan 2024 Incotne Expenditure Transfers Newell Bequest Endowment 101,278 1,059 102,337 31
Mourne Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements {continuedJ Year ended 31 December 2025 23. AnAlysi$ of net aSSets betwe¢n funds UnTestTiCted Funds Restricted Endowment Total Fund5 Funds Fllnd5 202S Tangible fixed assets It]vestinents Current SsetS Creditoib less th& l yeai Provi5ion5 51,211 3,580 890,472 122,1901 1,235,000 120,000 161,375 {7501 116,0001 1,286,211 166,850 1,115,020 (22,940) (16,000) 43,270 63.173 Net #ssets 923,073 1,499,625 106.443 2,529,141 UnTestTiCted Funds Restricted Endowment Funds Funds Total Funds 2024 Tangible fixed assets Investmeiits Current assets Creditor5 less than l year Provi5ion5 31,078 3.740 887,849 119,6551 1,235,000 120.000 164,131 {1,4511 118,0001 1,266,078 162,904 39,164 63,173 121,1061 118,0001 Net assets 903,012 1.499,680 102,337 2.505,029 24. Analysi5 of change5 in net debt At 31 Dec 2025 At l Jan 2025 Cash flow5 Cash at bank and in hand 1,005,578 14,773 1,020,351 25. Related parties, trustee remuneration and expenses The Minister, Rev William Bingham is Considered to be key management personnel of the charity. Total remuneration paid to R¢v Bingham by way of his employment with the Church is detailed in Note 14. R¢v William Bingham occupicd r¢sidcntial ehurch prop¢rty at Mans¢ Road, Kilk¢¢l (Th¢ Mansc) in his rol¢ as Minist¢r of the Conggation. Rcl.. Bingham was not ¢harg¢d rcnt fi)r us¢ of this prap¢rty. During the year the charity donated £6,000 (2024 - £6,000) to Gary Bingham la trnsteel in support of his work thc Bcifast City Mission. During the year the charity paid £462 (2025 £Nill to a business owned by Eric Niblock (a trustee) for goods supplied to the charity. The transaction was on normal comrnercial business terms. 32