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.
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