an Moira Presbyterian Church a congregation of the Presbyterian Church in Ireland Trustees Annual Report and Financial Statements forthe year ended 31 December 2023 Registered with the Charity Commission *or Northern Ireland NIC105174
an MOIRA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2023 including a Statement of Assets and Liabilities as at that date. REFERENCE AND ADMINISTRATIVE DEfAILS Moira Congregation of the Presbyterian Church in Ireland 18 Meeting Street Moira BT67 ONR Registered Charity in Northern Ireland INIC1051741 CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were: lan Watson Benny Lyness Thomas McGeown Sam Brockbank Dr Harold Rice James Logan Matthew Blain Richard Brown Roy McCle3ry Wilfred Dunlop Jackson Blakely Alan Gamble Andrew Preston Stuart Mcllwaine Rev D Howard Gilpin PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev D Howard Gilpin Richard Brown Aninka Moucka /lvan Barnett INDEPENDENT EXAMINER SM Vint and Company 8 Newry Road Banbridge BT32 3HN
an MOIRA CONGREGATION OF THE PRESBrfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (conYd} BANKERS Oanske Bank Main Street Lurgan SOLICITORS Mr. John Neill Wat50n Neill Solicitors 43 Main Street Moira BT67 OLQ
an MOIRA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELANDTRUSTEES ANNUAL REPORT (convd) STRUCTURE AND MANAGEMENT The Kirk Session 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 constitution and government of the Presbyterian Church in Ireland, the Kirk Se55ion seeks to watch over and promote the spiritual interest of the congiegation and of persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregation a nd seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation including administering all f unds and property belonging to the congregation. Members of the Kirk Session are ex-officio member5 Of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the congregation. In March 2023 we welcomed a further 4 elders on to Session after an election in 2022. AII members are entitled to propose. speak and exercise equal votes at meeting5, except that the Moderator, the minister in active duty in the congregation, has no deliberative but on ly a casting vote. Stated meetings of the Kirk session are held five times during the year. To be chosen for the office of the eldership in the conEregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be czlled to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote. Presbytery Under the Presbyterian Church in Ireland form of governance, the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spi ritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Moira Congregation of the Presbyterian Church has been assigned to the Dromore Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations a55igned to it by the 31 Page
an MOIRA CONGREGATION OF THE PREsBERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (conyd) General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of the congregation. The General Assembly The General Assembly is the supreme courtof the Church, representing in one bodythe whole Church and acting as its supreme legislative, administrative and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the f irst week in June for worship and to conduct its business. At the end of business it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired minsters and a representative elder appointed by the Kirk Session of each congregation. DESCRIPTION AND PURPOSE The charitable purpose of the congregation is the advancement of religion. Moira Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ, is grounded in the Scriptures and exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play their part in fulfilling God's mission to our world. The congregation's mission purpose is to seek to proclaim the good news of Jesus Christ by word and by action. We believe in the importance of preaching what is biblical, relevant and applicable to living in the 21 century. We believe in the vital importance of individual and corporate prayer in the life of our congregation. We believe in the importance of evangelism as Jesus command5 U5 to 'go and make disciples of all nations. and to 'be my witnesses in Jerusalem and in all Judea and Samaria and to the ends of the earth. (Acts I v 8). Together we aim to obey Jesus, call to local and international mission. We believe in the importance of being a warm and welcoming Christian community, promoting fellowship between people of all ages. We believe in the importance of praise that is God centred and biblical and believe that singing praise to God is a witnes5 in itself (Acts 16 v 251. It is also a means of spiritual encouragement Icolossians 3 v 16}. As a multi-generational denomination, we believe there is a place for all Eenerations in our Church family. We recognise the importance of welcoming all families to our congregation and will seek to identify and support family need5 and integration into Church life. We will achieve this by means of organised artivities, event5, Church Services and provide opportunities to share ideas that help Shape the future of our Church. We believe in providing
an MOIRA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {conVd) sensitive and loving pastoral care11 Thessalonians 2 v 7-81 for all those not only within the congregation but any who venture into our building and who express a need for such care. We desire to be Christ centred and people orientated in our approach and we will offer Christian compassion and grace to all those who come under our care. We believe it is important to recognise that our ChLJrch is a living, spiritual organisation that needs to be managed through a structure of different roles, policies, procedures and systems to achieve God's purpose for His Church in Moira. It is important that leader5 take responsibility for the spiritual and temporal governance of Church activities in accordance with Christian principles and legal obligations. AcfiviTIES AND OBJECTIVES 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 Supper. The congregation holds regular bible study meeting5 and ha5 a wide r3nge of organisations including- Sund3y School Boys, Brigade G irls. Brigade Badminton Club Bowling Club Friday Morning Prayer Group Bible Study, Prayer & Small Groups Crochet Club Presbyterian Women Choir & Praise Group Men's Fellowship Youth Fellowship Young at Heart Senior Citizens Cycle Group Tuesday Morning Fellowship 51 Page
an MOIRA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (convd) ACHIEVEMENTS AND PERFORMANCE Worship and prayer The congregation normally meets for worship each Sunday at 11.00am and monthly at 6.30pm. During the week the Bible Study provides an opportunity for members to meet together for fellowsh ip, to Study the scriptures and for a time of prayer. In addition, a small group meets on a Friday morning for prayer. A5 well a5 our regular services during the year we acknowledged God's gift of new life at 2 Sacraments of Baptism, we gave thanks for faithful services and sought to comfort those who had been bereaved during the year. At 31 December 2023 there were 249 communicant members and 266 families connected with the congregations. The average weekly attendance at morning worship wa5 210. Pastoral care Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister, elders or by one of the congregation's pastoral visitors. Mission and outreach At a local level the congregation wants to reach people in Moira for God, to tell them about God's love for everyone and the good news of the gospel. We plan to discover what the people in our community today need most and how we can demonstrate God's answer to these needs in real, practical ways. We are using the Umoja process for church 3r)d community mobilisation as an additional tool to help us reach the community in Moir3. Internationally, we will continue to support Presbyterian missionaries and other mission organi5ations such as Tear Fund and Christian Aid. The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations Wlth the deployment of locally 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
an MOIRA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT Iconyd) college for ministry students, and financially supports congregation5 in the a reas of worship, discipleship, global mission, outreach, leadership and pastoral care. The congregation also supports the annual World Development Appeal which offers congreEations the opportunityto learn more about and to support the valuable and vital work of sustainable development undertaken by PCI development partners, Christian Aid and Tearfund. Focusing on a particular project gives congregations the opportunity to 'go deep, in understanding some of the challenges of sustainable development in a particular location and to see how the partner agency. working With communities there, is seeking to address them. It also seeks to enable congregations to 'go wide. in their understanding of susta inable development by presenting an informed picture of prartlces that seek to build, within communities. the capacity for a shared vision of the future that is not d ictated by context, culture, or circumstances. The 2023 World Development Appeal focused on the millions of people around the world who have been forced to leave their homes for many reasons includinB conflict, climate change and land grabbing. These people often have to leave with l ittle notice, settling in new place5 With few resources. Displaced from their homes, they have to start from scratch. In addition to the United Appeal and World Development Appeal, the congregation have committed to financially and prayerfully support Kids4School in their work in Tanzania, Kids4School is a multifaceted ministry which primarily enables children to go to school. But along with child sponsorship they operate a feeding program and are involved in many different construction and training projects. Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and one of the elders. This provides an important link between the congregations and the wider structures of the church. General Assembly The minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings. Belfast in l une. 71 Page
an MOIRA CONGREGATION OF THE pREsBER1AN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (convd) Organisations On Sunday mornings during the main Church service the Sunday School rneets in our church halls comprising of approximately 40 children and young people. On Monday evenings the Boys. Brigade meets in the church halls. This comprise5 of approximately 45 boy5 and teenagers. On Wednesday evening the Bowling Club meets in the church halls comprising of approximately 20 members. On Wednesday evening the Bible Study & Prayer Fellowship meets in the upper room in the new church building comprising approximately 40 members. On Thursday evening the Girls, Brigade meets in the church halls comprising approximately 60 members. Moira Presbyterian Women {PW) meets on the third Tuesday of each month in the upper room. The PW is led by a group leader and a committee ofeight who are elected annually by the mernbers. There are approximately 35 ladies in attendance at each meeting. Volunteers The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities. PUBLIC BENEFIT STATEMENT The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The dirert benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church's subordinate standards {the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teach ing. I n turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereavedl. Generally the above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the
an MOIRA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSfEES ANNUAL REPORT (conVd} use of noticeboards, printed material, press advertisements. websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Mi55ionaries, Deaconesses. Irish Mission workers and Lay Agents who receive benef its as a result of their holding office or employment. However, this is incidental 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 Ch urch in Ireland is in direct and ind irect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and sUPPOrt for both Christ13n and other secular organisations, charitie5 and ind ivid ual members of the public. The Kirk Session h35 had regard to the Charity Commission's Public benefit requirement statutory guidance. FINANCIAL REVIEW The congregation's main source of income is members. contributions through the Weekly Freewill Offering. There were 212 contributors during the year1240 in previous year, 20221 donating a total of £111,849 {£108,270 in previous year, 20221 Tot31 Income of the congregation during the year was £283.348. compared to £251,556 in the previous year. Total expenditure increased from £227,399 to £242,598. STATEMENT OF TRUSTEE RESPONSIBILITIES The trustees are responsible for preparing the annual report and the financial statements of the congregation in accordance with applicable law and generally accepted accounting practice. The trustees are required to prepare f inancial statements for each financia l year which give a true and fair view of the state of affairs of the congregation and the financial activities for that yea r. In preparing the financial statements the trustees are required to: select suitable accounting policies and then apply them conslstently make judgements and estimates that are reasonable and prudent 91 Page.
an MOIRA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) prepare the financial statements on the going concern basis unless it is appropriate to presume that the funds will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the congregation's transactions and disclose with reasonable accuracy at any time its financial position. They are also responsible for safeguarding the assets of the congregation ar)d hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. GOING CONCERN The activities of the congregation are dependent on ongoing contributions from its member5. The trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report and subject to the continuing support from members to be able to fund on an ongoing basi5 the congregation's current activities and other financial commitments. RESERVES POLICY The trustees have considered the level of unrestricted net current assets that it is appropriate to hold, taking account of current and on-going commitments. It is the policy of the trustees to hold at least four month's unrestricted expenditure. At the year end net current assets (excluding loan amounts} were £135,388 which represents 3 higher level of reserves than the four months amount of £70,080. The trustees consider it prudent to maintain the net current assets to a level equivalent to or above four month's unrestricted expenditure. RISK REVIEW A review of major risks has been undertaken by the trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from members. These risks are mitigated by the trustees and the congregational committee. regularly monitoring the variou5 activities of the congregation at stated meetings and by encouraging members in their regular giving. th Approved by the Kirk Session at a meeting on 9 May 2 4 and signed on its behalf by Rev D Howard Gilpin th 9 May 2024 r Richard Brown th 9 May2024 10 I Page
an INDEPENDENT EXAMINERS REPORT TO THE TRusfEES OF MOIRA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND I report on the accounts of the charity for the year ended 31, December 2023 which are set out on pages 13 to 30. Respective responsibilities of Trustees and Examiner As the charity trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination. It is my responsibility to: Examine the accounts under section 65 of the Charities Act Follow the procedures laid down in the general Direction5 given by the Charity Commission for Northern Ireland under section 6519llbl of the Charitie5 Act State whether particular matters have come to my attention. Basi5 of independent examinerfs report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charitie5 Act. The examination included a review ofthe accounting records kept by the charity and a cornparison of the accounts presented with those records. It also included consideration of a ny unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the account5 do not comply with the accounting requirements of the Charities Act and with the methods and principles of the Charities Statement of Recommended Practice 4. That there is further information needed for a proper understanding of the accounts to be reached.
an INDEPENDENT EXAMINERS REPORTTO THE TRU5fEES OF MOIRA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND (conVd} Independent examinerfs statement Since your charitls gross income exceeded £250,0(Xl your examiner must be a member of listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of the Institute of Chartered Accountants which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters111 to {41 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Brian Magennis, FCCA FCA SM Vint and Company 8 Newry Road Banbridge BT32 3HN 9th May 2024 121 Page
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland STATEMENT OF FINANCIAL AcfiviTY for the year ended 31 December 2023 Income and Endowments from: Donations and legacies Charitable activities Investment5 Other 138,779 85,873 15,856 7,138 19,664 224,652 15,856 19,926 22.914 228,299 10,185 10,465 2,607 12,788 3,250 Total 154.817 128.531 283,348 251,556 Expenditure on: Raising funds Cha ritable activities Other 1,267 140,371 68.604 708 31.648 1,975 172,019 68,604 1,182 162,943 63,274 Total 210,242 32.356 242,598 227,399 Net gains/l losses} on investments Net Income / (expenditure) Transfers between funds Gainslllosses on revaluation of f ixed assets -55.425 96,175 40,750 24,157 139.577 -139,577 Net movement in funds Reconciliation of funds: Total funds brought forward 84,152 43,402 40,750 24,157 2,195,227 106.705 2,301,932 2,277,775 Total fund5 carried forward 2,279,379 63,303 2.342,682 2,301,932
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland BAL4NCE SHEET As at 31 December 2023 Fixed assets: Tangible assets Heritage assets Investments 11 2,163,177 2,163,177 2,210,127 12 210,000 210,000 210,000 Total fixed assets 2,373,177 2,373,177 2,420.127 Current assets Debtors 13 10,891 5,579 16,470 18,271 Current I nvestments Cash at bank and in hand 14 126,655 58,174 184,829 221,518 Total current assets 137,546 63,753 201.299 239.789 Liabilities: Creditors: Amounts fal ling due within 15 one year 46,704 450 47,154 39,647 Net current assets or liabilities 90,842 63,303 154,145 21)),142 Totsl assets less current liabilities Creditors- Amounts falling due after more than one year 16 184,640 184,640 318,337 Total net assets or liabilities 2,279,379 63.303 2,342,682 2,301,932 14 IPage
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland BALANCE SHEET As at 31 December 2023 Funds of the charity Restricted income funds 17 63,303 106,705 Un restricted funds 17 2.279,379 2,195,227 Total charity funds 2,342,682 2,301,932 th Approved by the Kirk Session at a meeting on 9 May 2024 and ned on its behalf by O. A00>L[p. Rev D Howard Gilpin Mr. Richard Brown
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POUCIES BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland IFRS1021 (effective l January 2015}. The financial statements have been prepared underthe historical cost convention except for investment assets, wh ich are shown at market value. The financial statements include all transactions, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are infomial gatherings of church members. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion,. the income derived from the endowment is to be used either as restricted or unrestritted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise lal income from endowments which is to be expended only on the restricted purposes intended by the donor and (bl revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are income fund5 which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. 161 Page
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES(conVd) INCOMING RESOURCES Recognition of incoming resources These a re included in the Statement of Financial Activities {SoFAI when= the congregation becomes entitled to the resources; the trustees are virtua Ily certain they will receive the resources; and the monetary value can be measured with sufficient reliably. (li) Incoming re50urce5 With related expenditure Where incoming resources have related expenditure las with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA. (iii) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. {iv) Tax reclaims on donations and gifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. {v) Contractual income and performance related Erants This is only included in the SOFA once the related goods or services have been delivered. Ivi) Gifts in kind Gifts in kind a re accounted for at a reasonable estimate of their value to the charity or the amou nt actually re?lised. G ifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. 171 Page
an MOIRA PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 3L Decernber 2023 ACCOUNTING POLICIES (congd) Ivii) Donated services and facilities These are only included in incomin8 resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. (viii) Volunteer help The value of any voluntary help received is not included in the accounts but 15 described in the trustees. annual report. {ix) Investment income This is included in the accounts when receivable. {xl Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES {xi) Liability recognition Liabilities are recognised as soon 35 there is a legal or constructive obligation committing the congregation to pay out resources. (xii) Governance costs These a re shown within charitable activities and include the costs of preparation and examination of accounts. the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. {xiii) Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. 181 Page
an MOIRA pRE5BERIAN CHURCH a Congregation of The Presbf(erian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES (conyd) (xiv) Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. (xv) Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property cost5 by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ASSETS {xvil Tangible Fixed Assets Tangi ble f ixed assets for use by charity are capitali5ed if they can be used for more than one year, and cost at least £2,500. They are valued at cost or, if gifted, at the value to the charity on receipt. Depreciation is recorded on all tangible fixed asset5 Other than freehold land, at rates calculated to write of the Cost, less estim3ted residual value, of each asset over its expected useful life as follows BuildinES: Fixtures, f ittings and equipment Motor Vehicles Computers, software and technical equipment over 50 years over 10 years over 4 years over 4 years 191 Page
an MOIRA PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS {conVd) 31 December 2023 DONATIONS AND LEGACIES Recorded giving: Freewill offering Loose collections Donations and gifts Gift aid 111,849 43,985 4,611 9,455 1,100 18.965 21,219 13.468 0 155,834 153,059 14.066 2,227 20,065 40,297 34,687 32,716 138,779 85,873 0 224,652 228,299 CHARITABLE AcfiviTIES Income from charitable activities Organisation income Fundraising events Grants 2.855 11.351 1,650 2,855 11,351 1,650 2,210 5,031 2,944 15,856 15.856 10,185 20 IPage
an MOIRA PRESBIryERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS {conVd) 31 December 2023 INVESTMENTS Deposit interest Property Rerlts 903 11.885 31 7.107 934 18,992 485 9,980 12.788 7,138 19.926 10,465 OTHER INCOME Graveyard Other income 3,250 3,250 19,664 1,840 767 19,664 3.250 19,664 22,914 2.607 211 Page
Presbyter an MOIRA PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2023 RAISING FUNDS FWO envelopes Fund raising events 1,229 38 1,229 746 1,182 708 1.267 708 1,975 1,182 CHARITABLE AcfiviTIES General Assembly Assessments Presbytery fees Ministry and sUPPOrt staff costs Congregational running expenses Donations to Missions and charities Governance costs 13,753 1,048 75,701 40.193 13,753 1,048 76,441 49.529 13,652 1,007 73,743 42,441 740 9.336 6,774 21,572 28.346 26,550 2,902 2,902 5,550 140,371 31,648 172,019 162,943 221 Page
an MOIRA PRESBYTERIAN CHURCH Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2023 OTHER EXPENDITURE Depreciation Loan interest 46,950 21,654 46.950 46,950 21,654 16,324 68,604 68,604 63,274 EMPLOYEES Employment Costs Wages and Salaries Social Security Costs Pension contributions 44,091 52,824 5,180 5,073 9,464 9,013 58,735 66.910 231 Page
an MOIRA PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTESTO THE ACCOUNTS (cont'd) 31 December 2023 Number of Employees The average number of employees, including the minister of the congregation, during the year was: Average number of employees There were no employees in receipt of employee benefits in excess of E60,000. 241 Page
an MOIRA PRE5BlER1AN CHURCH a Congregation of The Presbyterian Church In Ireland io. PENSION COSTS The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme120091. This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays a n assessment to the Presbyterian Church in Ireland equivalent to the employer's pension contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme 120091 is a funded Scheme of the defined benefit type, providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. ThÈ Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24Yo of pensionable salaries to cover the accrual of benefits for future service. expenses, the cost of insuring death in servicè benefits and funding the scheme deficit. The contributions made by the congregation during the year were Contributions 9,464 9,013 25 | Page
an MOIRA PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2023 11. TANGIBLE FIXED ASSETS Cost or valuation At start ofyear Add itions Disposa Is 2,372,755 29,872 107,880 2,510,507 At end of year 2.372,755 29,872 107,880 2,510,507 Depreciation At start of year Provision for year Disposals 211.011 20,841 33,175 2.987 68.528 10,788 300,380 46,950 At end of year 244,186 23,828 79,316 347,330 Net Book Value At start of year 2.161,744 9,031 39,352 2,210,127 At end of year 2,128,569 6,044 28.564 2,163,177 261 Page
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTESTO THE ACCOUNTS (convd) 31 December 2023 12. INVESTMENT PROPERTIES 2023 2022 Value at start of year Ad ditions Disp05315 Impairment Gain5 / ILosse5 on revaluation) Value at end of year 210,000 210,000 210,000 210,000 13. DEBTORS 2023 2022 10,428 12,601 6,042 5,670 Gift Aid Recoverable Prepayments and other debtors 16,470 18,271 14. CASH AT BANK AND IN HAND 2023 2022 184,406 221,452 423 66 Bank accounts Cash in hand 184,829 221,518 27 | Page
an MOIRA PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS {conYd) 31 December 2023 15. CREDITORS: amount falling due within one year 2023 2022 2,608 1,375 44.546 38,272 Accruals Bank loan 47.154 39,647 16. CREDITORS: amount falling due after more than one year 2023 2022 184,640 318,337 Bank loan 184,640 318,337 281Page
an MOIRA PRESBYfERIAN CHURCH a Congregation of The PresbY(erian Church In Ireland NOTES TO THE ACCOUNTS {conVd) 31 December 2023 17. FUND BALANCES AND RECONCILIATION OF FUNDS Fund B31ance at Income start Expend. Transfer Balance at end Unrestricted Funds Gener21 Account 2,195,227 154.817 210,242 139,577 2,279,379 2,195,227 154.817 210,242 139,577 2,279,379 Restricted Funds Gener31 Account Building Fund Bible Study Fellowship Bowling Club Boys, Brigade Crochet/Knitting Club Girls, Brigade JAM- Sunday School Men's Fellowship Presbyterian Women Young at Heart Badminton Club Youth Fellowship Tuesday morning club Specia l Offerings 1,869 83,895 4,899 610 1,833 737 6,947 1,258 70 3.664 451 283 95 540 21.380 1,304 578 -136.777 4,309 -400 430 -250 263 -200 331 -400 6,449 -250 900 300 59 1.866 365 18 so 200 15,234 565 36,823 391 1,652 3,968 20 4,194 3,888 61 2,152 1,651 35 45 220 7,638 90.283 201 1,722 2,598 14 3,946 3,230 50 1,604 1,565 -1,250 -230 -120 1,492 106,705 128,531 32.356 -139,577 63,303 Total Funds 12L2 242 598 291 Page
Presbyter an MOIRA PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2023 18. RELATED PARTY TRANSAcfioNS Two of the trustees, the minister and caretaker of the congregation, received remuneration of £43,159 and expenses of £8,126 for acting in their capacity. Pension contributions of £9,464 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme {20091. The minister also receives the income from the annual rental of Church lands. Rents paid to him in this year amounted to £450. None of the other trustees received any remuneration. During the year, the Church received and paid amounts to the Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity and to other charitable bodies. Transactions during the year are asfollows: Fund Balance at 01/01123 Income Fund Balance at 31112123 From General Paid Out Fund Gift Aid United Appeal World Development Appeal students, Bursary Fund Poppy Appeal Music Ministry 992 9.316 1,872 -12.646 1,232 766 498 2,030 684 808 5,000 422 -2.328 -684 -1,000 622 192 1,248 6,248 1,490 17,838 3,542 -16,658 1.424 7,636 The congregation also contributed £13,753 for congregational assessments and £1,048 towards Presbytery Assessments during the year. There were no other related party transaction5. 30IPage