Mountjoy Presbyterian Church a congregation of the Presbyterian Church in Ireland Trustees Annual Report and Financial Statements for the year ended 31 December 2022 Registered with the Charity Commission for Northern Ireland NIC105628
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland an TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2022 including a Statement of Assets and Liabilities as at that date. REFERENCE AND ADMINISTRATIVE DEfAILS Mountjoy congregation of the Presbyterian Church in Ireland Mountjoy Avenue Mountjoy Omagh Registered Charity in Northern Ireland (NIC105628) CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were: Rev Jonathan Cowan John A Colhoun Elaine Catterson Trevor Hutchinson Robert J Longwell Robert J McAskie (died 5 April 2022) Thomas McFarland Karen Ballantine Paul Colhoun Ken McFarland W Alexander McFarland Glenda Ewing Robin D Sterritt David W Garrett Rodneyj Hamill Ivor Sampson Richard J McAskie PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev Jonathan Cowan John Colhoun Rodney Hamill INDEPENDENT EXAMINER Glenda Mcllwaine 28-30 Old Mountfield Road Omagh, Co. Tyrone BT79 7BJ BANKERS Ulster Bank Ltd 14 High Street Omagh Co Tyrone BT78 IBJ SOLICITORS Mcconnell & Fyffe 21 Church St, Omagh BT78 IDG 11 Page
MOUNTJOY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an TRUSTEES ANNUAL REPORT (cont'd) 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 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 has delegated to its Congregational Committee the temporal affairs of the congregation including administering 311 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 congregations. All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the ministers in active duty in the congregation, has no deliberative but only a casting vote. Stated meetings of the Kirk session are held at least twice in each year or as appropriate. We held five meetings during the past year. To be chosen forthe 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 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 spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Mountjoy congregation of the Presbyterian Church has been assigned to the Omagh Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of the congregation. 21 Page
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an TRUSTEES ANNUAL REPORT (cont'd) The General Assembly The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its busines5. 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 Mountjoy 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 member5 to playtheir part in fulfilling God's mission to our world. ACTIVITIES AND OBJECTIVES The congregation exists to worship God and to draw people into a saving faith in the Lord Jesus Christ. The congregation meets for Worship every Sunday and for other activities during the week. These include Sunday School, PW, Boys, Brigade, Girls, Brigade, Good News Club, Afternoon Fellowship, Choir, Youth Fellowship and Bible study group. Pastoral care is provided to everyone in the congregation and in the local community. The Minister, Pastoral worker and elders all contribute to providing pastoral care within the congregation and in the wider community. At a local level the congregation has a wide-ranging mission and ministryto the local community. In ouryouth Organisations we reach out to young people from the area, sharing the message of the Bible with those who have a link with their local church and those who 31 Page
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an TRUSTEES ANNUAL REPORT (cont'd) have none. We also host special mission events such as Ladies nights, youth socials and special church services. We contribute to the following Christian charities," Christian Aid, Scripture Union, TearFund, Bible Societies, World Development, Presbyterian Children's Society and other good causes as the need arises. None of this outreach, ministry and service to the community would be possible without the large number of people who volunteer to be involved in the work and witness of Mountjoy Presbyterian Church. The Trustees recognise their commitment, dedication and their willingness to share theirtime and abilities. We also record our gratitude to the members of the Church Committee, past and present, for their faithfulness, hard work and the multitude of ways that they make a difference through the sharing of theirtime and the living out of theirfaith. The church committee are responsible for the church property and this includes the church building, church hall, graveyard, the Manse and associated lands. The committee also oversee the day to day finances of the church. The Kirk Session, as trustees are responsible for all the financial matters. 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 (includingthe sick, disabled and bereaved). Generally, the above benefit5 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 advertisement, websites, and social media or in other ways.
MOUNTJOY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an 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 orderto 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 other secular organisations, charities and individual members of the public. The Kirk Session has had regard to the Charity Commissions public benefit requirement statutory guidance. FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering. Total donations received from the congregation during the year as FWO (including Gift Aid) was £149,838 (2021: £109,081), the increase in the current year is due to the Harvest income being allocated to Freewill offering in 2022 compared to 2021 when the harvest income was allocated to the Building Fund. A further £10,568 {2021: £6,243) was received from other activities for unrestritted purposes. Total expenditure from unrestricted funds amounted to £ 104,114 {2021: £107,602) leaving a surplus of £56,292 (2021: £7,722) for the year. In addition to the above funds the congregation's members donated £105,466 (2021: £136,137), including Gift Aid forthe building fund account and other restricted funds. The restricted expenses included the costs of £171,333 previously included within Assets under Construction which were released to the Statement of Financial Activity in 2022 following the decision to not proceed with the building project on the proposed site.
MOUNTJOY PRESBYfERIAN CHURCH Congregation of The Presbyterian Church In Ireland an TRUSTEES ANNUAL REPORT {cont'd) Certain church organisations such as the Girl's Brigade, the Boys, Brigade and PW have their own bank accounts. All transartions relating to these organisations are included within these accounts. STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparingthe annual report and the financial statements of the congregation in accordance with applicable law and generally accepted accounting practice. 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 asset5 of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. RESERVES POLICY The Trustees have considered the level of unrestricted reserves that it is appropriate to hold taking account of current and ongoing commitments. It is the policy of the Trustees to hold at least six month's normal expenditure, at the year end the unrestrirted general account held £153,168 which represents a higher level of reserves. The Trustees however, consider it prudent to hold reserves at this level as the funding of its present activities is dependent on the ongoing financial support of members. 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 various activities of the congregation at stated meetings and by encouraging members in their regular giving. Approved by the Kirk Session at a meeting on 17 April 2023 and signed on its behalf by signed on behalf by Rev Jonathan Cowan J hn Colhoun
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an QUALIFIED INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF MOUNTJOY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREL4ND I report on the accounts of Mountjoy Presbyterian Church for the year ended 31 December 2022, which are set Out on pages 8 to 21. Respettive responsibilities of charity trustees and examiner As the charit¢s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act {Northern Ireland) 2008. It is my responsibility to: Examine the accounts under section 65 of the Charites Act Follow the procedures laid down in the general Direction given by the Commission under section 65(9){b) 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 Charites Act and my examination was carried out in accordance with the general Directions given bythe Charity Commission. My examination included a review of the accounting records kept by the 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 Charites Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement I have completed my examination and have no concerns in respect of the matters (l) to (4} listed above and in connection with following the Directions of the Charity Commission for Northerry4reland, I have found no matters that require drawing to your attention. lenda McllwainÈ Chartered Accountant 28-30 Old Mountfield Road Omagh BT79 7BJ 17 April 2023
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland an STATEMENT OF FINANCIAL Acrivir for the year ended 31 December 2022 Unrestricted Funds Restrirted Endowment Funds Funds Total 2022 Total 2021 Note Income and Endowments from: Donations and legacies Charitable activities Other trading Investments Other Total 154,615 75,505 4,945 987 1,068 22,961 105,466 230,120 4,945 5,477 2,324 23,006 265,872 259,250 420 5,893 1,498 17,459 284,520 4,490 1,256 45 160,406 Expenditure on: Raising funds Charitable activities Other Total (104,1141 {19,3061 (189,999) (104,114} (209,3051 {123,420) 1121,150) (189,999) (11,308) 1313,419) (132,458} Net Income / (expenditure) Net gains/(105ses) on investments 56,292 {103,839} (47,547) 152,062 (7,375} (7,375) 10,057 56,292 {103,839) Transfers between funds (7,375) (54,922) 162,119 Net movement in funds Reconciliation of funds: Total funds brought forward 56,292 {103,839) (7,375) (54,922) 162,119 339,395 889,652 89,640 1,318,687 1,156,568 Total funds carried forward 395,687 785,813 82,265 1,263,765 1,318,687
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland an BAIANCE SHEEr As at 31 December 2022 Notes Total Funds 2022 Total Funds 2021 Fixed assets: Tangible assets Total fixed assets 12 411,189 498,637 411,189 498,637 Current assets Debtors 13 33,986 41,504 89,640 Current Investment5 14 82,265 Cash at bank and in hand 15 737,271 693,985 Total current assets 853,522 825,129 Liabilities: Creditors." Amounts falling due within one year Net current assets or liabilities 16 (946) 15,079) 852,576 820,050 Total net assets or liabilitie5 1,263,765 1,318,687 Funds of the charity Unrestricted funds 17 395,687 339,395 Restricted income funds 17 785,813 889,652 Endowment funds 17 82,265 89,640 Total charity funds 1,263,765 1,318,687 Approved by the Kirk Session at a meeting on 17 April 2023 and signed on its behalf by Revjonathan Cowan John Colhoun 91 Page
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES 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 preparingtheir accounts in accordance with Financial Reportingstandard applicable in the UK and Ireland {FR5102) (effective l January 2015}. The financial statements have been prepared underthe historical cost convention except for investment assets, which are shown at market value. The financial statements include all transattions, assets and liabilities for which the congregation is responsible in law. 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 (a) 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 funds 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. 101 Page
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES {conYd) INCOMING RESOURCES Recognition of incoming resources These are included in the Statement of Financial Activities {SoFA) 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. {ii) Incoming resources with related expenditure Where incoming resources have related expenditure la5 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 use by the charity are included in the SOFA as incoming resources when receivable. IIIPage
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an NOTES TO THE ACCOUNTS 31 December 2022 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 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 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 Eain or loss on the sale of investments and any gain or loss resulting from revaluing investment5 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 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. 121 Page
MOUNTJOY PRESBYfERIAN CHURCH Congregation of The Presbyterian Church In Ireland Presbyter an NOTES TO THE ACCOUNTS 31 December 2022 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. ASSFrs {xv) Tangible Fixed Assets Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and cost at least £4,000. They are valued at cost or, if gifted, at the value to the charity on receipt. Upon adoption of FRS 102 the previous carryingvalue of the Manse and lands adjoining the church have been taken to be their deemed costs. The church, graveyard and church hall have not been included in the accounts as they are considered to be heritage assets for which no accurate value is available. Also excluded is the'old, manse and adjoining farmlands. Depreciation is recorded on all tangible fixed assets, other than freehold land and buildings which do not reduce in value, 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 over 50 years over 10 years over 4 years (xvi) Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees, best estimate of market value. 131 Page
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an NOTES TO THE ACCOUNTS (convd) 31 December 2022 DONATIONS AND LEGACIES Loose collections Donations and gifts Gift Aid Legacies and bequest 1,709 127,957 24,949 1,709 747 190,525 213,846 37,886 44,657 62,568 12,937 154,615 75,505 230,120 259,250 CHARITABLE ACTIVITIES Fundraising events 4,945 4,945 4,945 4,945 420 420 OTHER TRADING AcfiviTIES Letting of premises Investments for minister 4,490 600 387 987 5,090 387 5,477 4,955 938 5,893 4,490 141 Page
MOUNTJOY PRESBYfERIAN CHURCH Congregation of The Presbyterian Church In Ireland an NOTES TO THE ACCOUNTS {conVd) 31 December 2022 INVESTMENTS Deposit interest General Investment Fund 829 239 1,068 829 1,495 2,324 58 1,440 1,498 1,256 1,256 OTHER INCOME Periodicals BB income GB income PW income 45 45 60 12,279 7,437 8,032 7,662 2,650 2,300 23,006 17,459 12,279 8,032 2,650 45 22,961 151 Page
MOUNTJOY PRESBYfERIAN CHURCH Congregation of The Presbyterian Church In Ireland Presbyter an NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 RAISING FUNDS Fundraising events CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to missions & charities 11,009 792 60,571 987 27,389 568 4,353 17,751 104,114 19,306 11,009 11,842 792 798 61,558 60,987 27,957 34,180 22,104 13,343 123,420 121,150 OTHER EXPENDITURE BB expenses GB expenses PW expenses Building project costs 9,681 6,068 2,917 171,333 189,999 9,681 6,068 2,917 171,333 189,999 11,308 4,141 4,595 2,572 161 Page
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 10. EMPLOYEES Employment Costs 2022 2021 Wages and salaries Social security costs Pension contributions 42,388 43,947 3,898 3,619 7,510 6,782 53,796 54,348 Number of Employees The average number of employees, includingthe minister of the congregation, duringthe year was 3 {2021: 3) | There were no employees in receipt of employee benefits in excess of £60,000. 11. 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 employer'5 pension contribution forthe Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme (2009} 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 240/0 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 2022 2021 Contributions 6,935 6,782 171Page
MOUNTJOY PRESBYfERIAN CHURCH Congregation of The Presbyterian Church In Ireland an NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 12. TANGIBLE FIXED ASSETS Cost or valuation At start of year Additions Disposals At end of year 402,007 96,630 74,703 {171,333) 498,637 83,885 (171,333) 411,189 9,182 9,182 402,007 Depreciation At start of year Provision for year Disposals At end of year Net Book Value At start of year 9,182 402,007 96,630 498,637 At end of year 9,182 402,007 411,189 The disposals relate to the costs previously incurred relating to a proposed building project. These costs were released to the Statement of Financial Activity in 2022 following the decision to not proceed with the building project on the proposed site. 13. DEBTORS 2022 2021 Gift Aid Recoverable Other debtor Prepayments 33,074 38,767 1,860 877 41,504 912 33,986 181 Page
MOUNTJOY PRESBYfERIAN CHURCH Congregation of The Presbyterian Church In Ireland an NOTES TO THE ACCOUNTS {conVd) 31 December 2022 14. INVESTMENTS 2022 2021 General Investment Fund 82,265 89,640 82,265 89,640 Value at start of year Additions Gains / (losses) on revaluation Value at end of year 89,640 77,083 2,500 (7,375) 10,057 82,265 89,640 15. CASH AT BANKAND IN HAND 2022 2021 Main Account Youth Fund Account Memorial Fund Account Building Fund Account Reserve Fund Account Savings deposit Account Boy's Brigade Accounts Girl's Brigade Accounts PW Accounts 153,608 3,055 16,511 51,151 340,872 150,000 11,373 6,875 3,826 737,271 84,514 2,744 16,511 172,394 400,043 8,775 4,910 4,094 693,985 191Page
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland an NOTE5 TO THE ACCOUNTS (cont'd) 31 December 2022 16. CREDITORS: amount falling due within one year 2022 2021 Accounts payable Accruals and deferred income 646 300 946 5,079 5,079 17. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at Income start Expend. Gains/ losses Transfer Balance at end Unrestricted Funds General fund Property 97,388 160,406 {104,114) 242,007 339,395 160,406 (104,1141 (5121 512 153,168 242,519 395,687 Restricted Funds Youth fund Memorial fund Buildingfund Organisational funds Property Minister investment income General fund 2,744 16,511 593,939 17,778 256,630 520 {208} 3,056 16,511 573,247 22,073 168,670 63,041 22,961 (360) (18,666) {171,333} (987) {83,373) 83,373 987 2,050 17,957 (17,751) 889,652 105,466 (209,305) 2,256 785,813 Endowment Funds General Investment fund 89,640 89,640 {7,375) (7,3751 82,265 82,265 Total 1,318,687 265,872 {313,419) {7,375) 1,263,765 201 Page
MOUNTJOY PRESBYfERIAN CHURCH Congregation of The Presbyterian Church In Ireland an NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 18. RELATED PARTYTRANSACTION One of the Trustees, the minister of the congregation received remuneration of £28,896 {2021: £28,260) and expenses of £5,818 (2021: £5,700) for acting in that capacity. Income from investments amounting to £987 (2021." £938) were paid to the minister. Pension contribution of £6,935 {2021: £6,782) were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). The minister and his family reside in the church manse as part of his remuneration. None of the other trustees received any remuneration. There were no other related party transactions. 211Page