an Moira Presbyterian Church a congregation of the Presbyterian Church in Ireland Trustees Annual Report and Financial Statements for the year ended 31 December 2024 Registered with the Charity Commission for Northern Ireland NIC105174
an MOIRA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT The Trustee5 present their Annual Report and Financial Statements for the year ended 31 December 2024 including a Statement of Assets and Liabilities as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Moira Congregation of the Presbyterian Church in Ireland 18 Meeting Street Moira BT67 ONR Registered Charity in Northern Ireland {NIC105174) 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 Mccleary Wilfred Dunlop Jackson Blakely Alan Gamble Andrew Preston Stuart Mcllwaine Rev D Howard Gilpin PRINCIPAL OFFICE BEARERS Minister th Rev D Howard Gilpin {Retired 30 Sept 2024) Richard Brown Aninka Moucka/lvan Barnett Clerk of Session Treasurer INDEPENDENT EXAMINER R TJRoss&Co 44 Molesworth Street Cookstown BT80 8PA
an MOIRA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {conVd) BANKERS Danske Bank Main Street Lurgan SOLICITORS Mrjohn Neill Watson Neill Solicitors 43 Main Street Moira BT67 OLQ
an MOIRA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELANDTRUSTEES ANNUAL REPORT (convd) STRucfuRE 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 Session seeks to watch over and promote the spiritual interest of the congregation and of persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Session ha5 delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the 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 meetings, except that the Moderator, the minister in active duty in the congregation, has no deliberative but only 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 congregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the off ice 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 spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Moira Presbyterian Church ha5 been a55igned to the Dromore Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active minister5 of congregations assigned to it by the General Assembly, minster5 who have retired from active duty and an elder appointed by the Kirk Session of each congregation
an MOIRA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {conYd) The General Assembly The General Assembly is the supreme courtof the Church, representing in one body the 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 first week in June forworship and to conduct its business. Atthe 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 artion. We believe in the importance of preaching what is biblical, relevant and applicable to living in the 21st century. We believe in the vital importance of ind ividual and corporate prayer in the life of our congregation. We believe in the importance of evangelism as Jesus commands us 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 centered and biblical and believe that singing praise to God is a witness in itself (Atts 16 v 25). It is also a means of spiritual encouragement (Colossians 3 v 16). As a multi-generational denomination, we believe there is a place for all generations in our Church family. We recognise the importance of welcoming all families to our congregation and will seek to identify and sUPPOrt family needs and integration into Church life. We will achieve this by means of organised activities, events, Church services and provide opportunities to share ideas that help shape the future of our Church.
an MOIRA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (convd) We believe in providing sensitive and loving pastoral care (l Thessalonians 2 v 7-8) 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 Church 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 15 important that leaders take responsibility for the spiritual and temporal governance of Church activities in accordance with Christian principles and legal obligations. ACTIVITIES AND OBJEcfivES The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lord's Supper 15 observed on several occasions during the year and all those who have been baptlsed 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 meetings and has a wide range of organisation5 including: Sunday School Boys, Brigade Girls, 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 Monday over 70 Fellowship group Reminiscing hymn singing for dementia sufferers and their carers
an MOIRA CONGREGATION OF THE PRESBYTERIAN 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 fellowship, to study the scriptures and for a time of prayer. In addition, a small group meets on a Friday morning for prayer. As well as our regular services during the year we acknowledged God's gift of new life at 3 Sacraments of Baptism, we gave thanks forfaithful services and sought to cornfortthose who had been bereaved during the year. At 31 December 2024 there were 225 communicant members and 298 families connected with the congregations. The average weekly attendance at morningworship was in the range 175- 200. 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 proce55 for church and community mobilisation as an additional tool to help us reach the community in Moira. Internationally, we will continue to support Presbyterian missionaries and other mission organisations such as Tear Fund and Christian Aid and Kids4School. 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 with 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 (convd) college for ministry students, and financially supports congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. 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 June. Organisations On Sunday mornings during the main Church service the Sunday School meets in our hurch halls comprising of approximately 30 children and young people. On Monday evenings the Boys, Brigade meets in the church halls. This comprises of approximately 45 boys 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 of eightwho are elected annually by the member5. There are approximately 30 to 40 ladies in attendance at each meeting.
an MOIRA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (conyd) 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 direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church's subordinate standards {the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In 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 bereaved). 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 use of noticeboards, printed material, press advertisements, website5, and social media or in other ways.
an MOIRA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {conVd) 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, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits 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 Church in Ireland is in direct and indirect 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 Christian and othersecularorganisations, charities and individual members of the public. The Kirk Session has 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 254 contributors during the year [212 in previous year, 20231 donating a total of £111,109 {£111,849 in previous year, 2023) Total Income of the congregation during the yearwas £286,328, compared to £283,348 in the previous year. Total expenditure increased from £242,598 to £286,308 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 accountin8 practice. The trustees are required to prepare financial statements for each financial year which give a true and fair view of the State of affairs of the congregation and the financial activities forthat year. In preparing the financial statements the trustees are required to: select suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it is appropriate to presume that the funds will continue in operation.
an MOIRA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (convd) 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 and hence for taking reasonable steps forthe prevention and detection of fraud and other irregularities. GOING CONCERN The activities of the congregation are dependent on ongoing contributions from its members. The trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statement5 to meet commitments which will arise in the yearfrom the date of signing this report and subject to the continuing support from members to be able to fund on an ongoing basis the congregation's current activities and other financial commitments. RESERVES POLICY The trustees have considered the level of unrestricted net current assets that it 15 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 £136,504 which represents a higher level of reserves than the four months amount of £70,099. 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 risk5 are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from members. These risks are mitigated by the trustees and the congregational committee, regularly monitoring the various artivities of the congregation at stated meetings and by encouraging members in their regular giving. Approved by the Kirk Session at a meeting on 22. June 2025 and signed on its behalf by Rev. Dr. M. Cowan nd 22 June 2025 Mr Richard Brown une 2025 101 Page
an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF MOIRA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND I report on the accounts of the charity for the year ended 31st December 2024 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 Directions given by the Charity Commission for Northern Ireland under section 65{9}{bl of the Charities Act State whether particular matters have come to my attention. Basis 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 6519llb) of the Charities Act. The examination included a review of the accounting records kept bythe charity and a comparison of the accounts presented with those records. It also included consideration of any 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 accounts 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. 11 I Page
an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF MOIRA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND {conVd) Independent examinerfs statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of the Association of Chartered Certified Accountants which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters (11 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. Michelle Mawhinney FCCA R TJRoss&Co Chartered Accountants 44 Molesworth Street Cookstown Co Tyrone BT80 8PA 22. June 2025 121 Page
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2024 Income and Endowments from: Donations and legacies Charitable activities Investments Other 137,900 93,193 11,002 14,093 21,620 231,093 11,002 16,285 27,948 224,652 15,856 19,926 22,914 2,192 6,328 Total 146,420 139,908 286,328 283,348 Expenditure on: Raising funds Charitable activities Other 1,229 145,396 63,673 226 75,784 1,455 221,180 63,673 1.975 172,019 68,604 Total 210,298 76,010 286,308 242,598 Net gains/llosses) on investments Net Income / (expenditure) Transfers between funds Gains/(losses on revaluation of fixed assets {63,878) 63,898 20 40,750 65,273 -65,273 Net movement in funds Reconciliation of funds: Total funds brought forward 1,395 -1375 20 40,750 2,279,379 63,303 2,342,682 2,301,932 Total funds carried forward 2,280,774 61,928 2,342,702 2,342,682 131 Page
an MOIRA PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland BALANCE SHEET As at 31 December 2024 Flxed assets: Tangible assets Heritage assets Investments 11 2,116,227 2,116,227 2,163,177 12 210,000 210,000 210,000 Total fixed assets 2,326,227 2,326,227 2,373,177 Current assets Debtors 13 11,430 4,863 16,293 16,470 Current Investments Cash at bank and in hand 14 126,914 57,065 183,979 184,829 Total current assets 138,344 61,928 200,272 201,299 Llabilities: Creditors: Amounts falling due within 15 one year 46,386 46,386 47,154 Net current assets or liabilities 91,958 61,928 153,886 154,145 Total assets less current liabilities Creditors: Amounts falling due after more than one year 16 137,411 137,411 184,640 Total net assets or liabilities 2,280,774 61,928 2,342,702 2,342,682 141 Page
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland BALANCE SHEET As at 31 December 2024 Funds of the charity Restricted income funds 17 61,928 63,303 Unrestricted funds 17 2,280,774 2,279,379 Total charity funds 2,342,702 2,342,682 Approved by the Kirk Session at a meeting on 22nd June 2025 and signed on its behalf by fv.i_ Rev. Dr. M Cowan Mr Richard Brown 151 Page
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTESTOTHEACCOUNTS 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland IFRS102) (effective l January 2015). The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the congregation 15 responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal 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 unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) 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. 161Page
an MOIRA PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTESTOTHE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES{conVd) INCOMING RESOURCES (l) Recognition of incoming resources These are included in the Statement of Financial Activities ISoFA} when: the congregation becomes entitled to the resources," the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliably. (li) Incomlng resources with related expenditure Where incoming resources have related expenditure (as 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 grants This is only included in the SOFA once the related goods or services have been delivered. {vi) Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts 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. 171Page
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES {conVd) (vii) Donated services and facilities These are only included in incoming 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 resource5 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 is described in the trustees, annual report. (ix) Investment income This is included in the accounts when receivable. (x) Investment gains and losses This includes any gain or loss on the sale of inve5tment5 and any gain or 1055 resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES {xi) Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. (xii) Governance costs These are shown within charitable activities and include the costs of preparation and examination of account5, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. (xlii) 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
Presbyter an MOIRA PRESBYTERIAN CHURCH a Congregatlon of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES {conVd) (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 costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ASSETS (xvi) Tanglble Fixed Assets Tangible fixed asset5 for use by charity are capitalised 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 15 recorded on all tangible fixed assets other than freehold land, at rates calculated to write of the cost, less estimated residual value, of each asset over its expected useful life as follows Buildings: Fixtures, fittings and equipment Motor Vehicles Computers, software and technical equipment over 50 years over 10 years over 4 years over 4 years 191Page
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 DONATIONS AND LEGACIES Recorded giving: Freewill offering Loose collections Donations and gifts Gift aid 111,109 43,193 5,064 8,909 410 27,611 21,317 13,480 154,302 155,834 13,973 14,066 28,021 20,065 34,797 34,687 137,900 93,193 231,093 224,652 CHARITABLE AcfiviTIES Income from charitable activities Organisation income Fundraising events Grants 4,565 3,820 2,617 4,565 2,855 3,820 11,351 2,617 1,650 11,002 11,002 15,856 201 Page
an MOIRA PRESBYfERIAN CHURCH a Congregatlon of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2024 INVESTMENTS Deposit interest Property Rents 1,992 200 33 2,025 14,260 18,992 934 14,060 2,192 14,093 16,285 19,926 OTHER INCOME Graveyard Other income 4,420 1,908 21,620 4,420 3,250 23,528 19,664 6,328 21,620 27,948 22,914 211Page
an MOIRA PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS Iconvd) 31 December 2024 RAISING FUNDS FWO envelopes Fundraising events 1,229 1,229 226 1,229 746 226 1,229 226 1,455 1,975 CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 15,027 1,342 68,337 53,863 39,956 15,027 13,753 1,342 1,048 68,337 76,441 93,819 49,529 5,330 35,828 41,158 28,346 1,497 1,497 2,902 145,396 75,784 221,180 172,019 221Page
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2024 OTHER EXPENDITURE Depreciation Loan interest 46,950 16,723 46,950 46,950 16,723 21,654 63,673 63,673 68,604 EMPLOYEES Employment Costs Wages and Salaries Social Security Costs Pension contributions 50,428 44,091 4,072 5,180 7,600 9,464 62,100 58,735 231 Page
Presbyter an MOIRA PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS {conVd} 31 December 2024 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 £60,000. 241Page
an MOIRA PRESBYTERIAN 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 Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employerfs pension contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme (20091 is a funded Scheme of the defined benefit type, providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the 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 service benefits and funding the scheme deficit. The contributions made by the congregation during the year were Contributions 7,452 9,464 Other employees Defined contribution pension scheme The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers. 2024 2023 Contributions made during the year were 148 251 Page
Presbyter an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2024 11. TANGIBLE FIXED ASSETS 51 li I Cost or valuation At start of year Addition5 Disposals 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 244,186 23,828 33,175 2,987 79,316 10,788 347,330 46,950 At end of year 277,361 26,815 90,104 394,280 Net Book Value At start of year 2,128,569 6,044 28,564 2,163,177 At end of year 2,095,394 3,057 17,776 2,116,227 261 Page
an MOIRA PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2024 12. INVESTMENT PROPERTIES 2024 2023 Value at start of year Additions Disposals Impairment Gains / {Losses on revaluation) Value at end of year 210,000 210,000 210,000 210,000 13. DEBTORS 2024 2023 10,010 10,428 6,283 6,042 Gift Aid Recoverable Prepayment5 and other debtors 16,293 16,470 14. CASH AT BANK AND IN HAND 2024 182,170 1,809 2023 184,406 423 Bank accounts Cash in hand 183,979 184,829 271 Page
an MOIRA PRESBYTERIAN CHURCH a Congregatlon of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS {conVd} 31 December 2024 15. CREDITORS: amount falling due within one year 2024 1,840 44,546 2023 2,608 44,546 Accruals Bank loan 46,386 47,154 16. CREDITORS: amount falling due after more than one year 2024 2023 137,411 184,640 Bank loan 137,411 184,640 281Page
an MOIRA PRESBYTERIAN CHURCH Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2024 17. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at Income start Expend. Transfer Balance at end Unrestricted Funds General Account 2,279,379 146,420 210,298 65,273 2,280,774 2,279,379 146,420 210,298 65273 2,280,774 Restricted Funds General Account Building Fund Bible Study Fellowship Bowling Club Boys, Brigade Crochet/Knitting Club Girls, Brigade JAM -sunday School Men's Fellowship Presbyterian Women Traditional Hymn Singing Young at Heart Badminton Club Youth Fellowship Tuesday morning club Special Offerings 565 36,823 391 1,652 3,968 20 4,194 3,888 61 2,152 495 86,400 4,218 1,210 1,793 466 7,533 858 355 2,479 910 587 490 250 681 31,183 1,060 24,679 3,790 1,086 4,233 275 6,307 1,537 143 2,056 loo 809 -62,603 -400 -250 35,941 419 1,526 1,528 91 5,120 3,409 73 1,675 810 1,429 225 155 421 9,106 -120 -300 200 -200 -900 1,651 35 45 220 7,638 -300 140 80 29,715 -400 63,303 139,908 76,010 -65,273 61,928 Total Funds 2 342682 286 328 286 308 291 Page
Presbyter an MOIRA PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (conyd) 31 December 2024 18. RELATED PARTY TRANSAcfioNS Two of the trustees, the minister and caretaker of the congregation, received remuneration of £31,051 and expenses of £5,277 for acting in their capacity. Pension contributions of £7,452 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme12009). The minister also receives the income from the annual rental of Church lands. 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 as follows: Fund Balance at 01101/24 Fund From Balance General at Fund 31/12/24 Income Gift Aid Paid Out United Appeal World Development Appeal HG Gift Poppy Appeal Music Ministry Kids4Schools Youth Ministry Shoebox appeal Conacre 766 11,524 2,448 (13,068) 1,670 623 3,980 7,510 719 150 2,500 450 15 450 27,298 811 {3,2121 (7,510) (800) {1,615} 13126) 2,202 81 6,249 4,784 626 450 (151 450 3,885 (29,796) 7,638 81 9,106 The congregation also contributed £15,027 for congregational assessments and £1,342 towards Presbytery As5e55ments during the year. There were no other related party transactions. 30IPage