Mountjoy Presbyterian Church a congregation of the Presbyterian Church in Ireland Trustees Annual Report and Financial Statements for the year ended 31 December 2023 Registered with the Charity Commission for Northern Ireland NIC105628
MOUNTJOY PRESBITERIAN 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 2023 including a Statement of Assets and Liabilities as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Mountjoy congregation of the Presbyterian Church in Ireland Mountjoy Avenue Mountjoy Omagh Registered Charity in Northern Ireland {NIC1056281 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 Rodney J Hamill Thomas McFarland Karen Ballantine Ken McFarland W Alexander McFarland Glenda Ewing Robin D Sterritt David W Garrett Paul Colhoun Ivor Sampson Richard J McAskie PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev Jonathan Cowan David W Garrett Rodney J 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
MOUNTJOY PRESBITERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an TRUSTEES 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 has 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 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 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 office can be either bythe congregation or bythe Kirk Session. Member5 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 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 attive duty and an elder appointed by the Kirk Session of the congregation.
MOUNTJOY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland 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 business. At the end of business it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired minsters and a representative elder appointed by the Kirk Session of each Congregation. DESCRIPTION AND PURPOSE 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 Scripture5, and exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable members to play their 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 ministry to the local community. In our Youth Organisations we reach out to young people from the area, sharing the me55age of the Bible with those who have a link with their local church and those who
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland an TRUSTEES ANNUAL REPORT {conVd) 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 their time and the living Out of their faith. The church committee are responsible forthe 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 {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 advertlsement, websites, and social media or in other ways.
MOUNTJOY PRESBITERIAN CHURCH a Congregation of The Presbyterian Church In Ireland an TRUSTEES ANNUAL REPORT (cont'd) 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 15 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 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 Weeklv Freewill Offering. Total donation5 received from the congregation during the year as FWO (including Gift Aid} was £157,35612022: £149,838). A further £4,18912022: £10,568) was received from other activities for unrestricted purposes. Total expenditure from unrestricted funds amounted to £111,376 (2022: £104,114) leaving a surplus of £50,169 {2022: £56,292) for the year. In addition to the above funds the congregation's members donated £129,317 {2022: £105,466), including Gift Aid for the building fund account and other restricted fund5.
MOUNTJOY PRESBYTERIAN CHURCH a 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 transactions 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 assets 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 unrestricted general bank account held £182,725 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 9 April 2024 and signed on its behalf by signed on behalf by Rev Jonathan Cowan av Garr
MOUNTJOY PRESBYTERIAN CHURCH Congregation of The Presbyterian Church In Ireland an QUALIFIED INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF MOUNTJOY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND I report on the accounts of Mountjoy Presbyterian Church for the year ended 31 December 2023, which are set out on pages 8 to 21. Respective responsibilities of charity trustees and examiner As the charity'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 Eiven by the Commission under section 65(9llb) of the Charities Act State whether particular matters have come to my attention. Basis of independent examiner's 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 by the Charity Commission. My examination included a review of the accounting records kept by the charity and a comparison of the account5 presented with those records. It a150 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 record5 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 examiner's statement I have completed my examination and have no concerns in respect of the matters {1) to14} listed above and in connection with following the Directions of the Charity Commission for Norther Ireland, I have found no matters that require drawing to your attention. Glenda Mcllwaine Chartered Accountant 28-30 Old Mountfield Road Omagh BT79 7BJ 9 April 2024
MOUNTJOY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland an STATEMENT OF FINANCIAL AcfiviTY for the year ended 31 December 2023 Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Note Income and Endowments from: Donations and legacies Cha ritable activities Other trading Investments Other Total 159,877 80,342 16,540 981 8,980 22,474 129,317 240,219 16,540 1,181 10,218 22,704 290,862 230,120 4,945 5,477 2,324 23,006 265,872 200 1,238 230 161,545 Expenditure on: Raising funds Charitable activitie5 Other Total (111,3761 {22,811) {20,654} {111,376) (43,4651 (134,1871 (123,420) (20,6541 (189,999} (154,841) {313,4191 Net Income / (expenditure) Net gains/{losses) on investments 50,169 85,852 136,021 (47,547) 7,452 7,452 {7,375) 50,169 85,852 7,452 143,473 {54,922) Transfers between funds Net movement in funds Reconciliation of fund5: Total funds brought forward 50,169 85,852 7,452 143,473 (54,9221 395,687 785,813 82,265 1,263,765 1,318,687 Total funds carried foNiard 445,856 871,665 89,717 1,407,238 1,263,765
MOUNTJOY PRESBYfERIAN CHURCH Congregation of The Presbyterian Church In Ireland an BALANCE SHEET As at 31 December 2023 Notes Total Funds 2023 Total Funds 2022 Fixed assets: Tangible assets Total fixed assets 12 411,429 411,189 411,429 411,189 Current assets Debtors 13 35,966 33,986 Current Investments 14 89,717 82,265 Cash at bank and in hand 15 872,843 737,271 Total current assets 998,526 853,522 Liabilities: Creditors: Amounts falling due within one year Net current assets or liabilities 16 (2,717) (946) 995,809 852,576 Total net assets or liabilities 1,407,238 1,263,765 Funds of the charity Unrestricted funds 17 445,856 395,687 Restricted income funds 17 871,665 785,813 Endowment funds 17 89,717 82,265 Total charity funds 1,407,238 1,263,765 Approved by the Kirk Session at a meeting on 9 April 2024 and signed on its behalf by Revjonathan Cowan vidG
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland an NOTES TO THE ACCOUNTS 31 December 2023 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 preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS102) (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 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 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 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 Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES (cont'd) 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 las with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA. (iii) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. (iv) Tax reclaims on donations and gifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (v) Contractual income and performance related 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 a5 incoming resources when receivable.
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES (cont'd) (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 gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES (xi) Liability recognition Liabilities are recognised as soon 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 a Congregation of The Presbyterian Church In Ireland an NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES {cont'd) (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. ASSETS (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 carrying value 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 15 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 (cont'd) 31 December 2023 DONATIONS AND LEGACIES Loose collections Donations and gifts Gift Aid Legacies and bequest 2,250 131,475 26,152 2,250 1,709 198,804 190,525 39,165 37,886 67,329 13,013 159,877 80,342 240,219 230,120 CHARITABLE ACTIVITIES Fundraising events 16,540 16,540 16,540 16,540 4,945 4,945 OTHER TRADING ACTIVITIES Letting of premises Investments for minister 381 600 981 381 800 1,181 5,090 387 5,477 200 200 141 Page
MOUNTJOY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an NOTES TO THE ACCOUNTS {cont'd) 31 December 2023 INVESTMENTS Deposlt interest General Investment Fund 28 1,210 1,238 8,980 9,008 1,210 10,218 829 1,495 2,324 8,980 OTHER INCOME Periodicals BB income GB income PW income 230 230 45 8,895 12,279 8,247 8,032 5,332 2,650 22,704 23,006 8,895 8,247 5,332 230 22,474
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an NOTES TO THE ACCOUNTS {conVd) 31 December 2023 RAISING FUNDS Fundraising events CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to missions & charities 11,523 853 63,697 981 29,414 8,764 5,889 13,066 111,376 22,811 11,523 11,009 853 792 64,678 61,558 38,178 27,957 18,955 22,104 134,187 123,420 OTHER EXPENDITURE BB expenses GB expenses PW expenses Building project costs 9,068 8,114 837 2,635 20,654 9,068 9,681 8,114 6,068 837 2,917 2,635 171,333 20,654 189,999 161Page
MOUNTJOY PRESBYTERIAN CHURCH Congregation of The Presbyterian Church In Ireland an NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 10. EMPLOYEES Employment Costs 2023 2022 Wage5 and salaries Socia I security costs Pension contributions 45,517 42,388 3,978 3,898 7,584 7,510 57,079 53,796 Number of Ernployees The average number of employees, including the minister of the congregation, during the year was 312022: 3} There were no employees in receipt of employee benefits in exces5 of £60,000. 11. PENSION COSTS The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme120091. This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employer's pension contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme12009) 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 24°h 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 2023 2022 Contributions for minister 7,282 6,935 171 Page
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an NOTES TO THE ACCOUNTS {conVd) 31 December 2023 12. TANGIBLE FIXED ASSETS Cost or valuation At start of year Addition5 Disposals At end of year 9,182 240 402,007 411,189 240 9,422 402,007 411,429 Depreciation At start of year Provision for year Disposals At end of year Net Book Value At start of year 9,182 402,007 411,189 At end of year 9,422 402,007 411,429 13. DEBTORS 2023 2022 Gift Aid Recoverable Other debtor Prepayments 32,287 2,599 1,080 35,966 33,074 912 33,986 181 Page
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 14. INVESTMENTS 2023 2022 General Investment Fund 89,717 82,265 89,717 82,265 Value at start of year Additions Gains / {losses} on revaluation Value at end of year 82,265 89,640 7,452 (7,375) 89,717 82,265 15. CASH AT BANK AND IN HAND 2023 2022 Main Account Youth Fund Account Memorial Fund Account Building Fund Account Reserve Fund Account Savings deposit Account Davy Cash investment Account Boy's Brigade Accounts Girl's Brigade Accounts PW Accounts 182,725 3,445 16,511 20,939 89,333 353,361 180,000 11,200 7,009 8,320 872,843 153,608 3,055 16,511 51,151 340,872 150,000 11,373 6,875 3,826 737,271 191 Page
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Presbyter an NOTES TO THE ACCOUNTS {conVd) 31 December 2023 16. CREDITORS: amount falling due within one year 2023 2022 Accounts payable Accruals and deferred income 2,717 646 300 946 2,717 17. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at Income start Expend. Gains/ losses Transfer Balance at end Unrestricted Funds General fund Property 153,168 161,545 (111,376) 242,519 395,687 161,545 {111,376) 203,337 242,519 445,856 Restricted Funds Youth fund Memorial fund Building fund Organi5ational funds Property Minister investment income General fund 3,056 16,511 573,247 22,073 168,670 390 3,446 16,511 654,651 26,528 168,910 93,043 22,474 (11,399) 118,019) {240) 240 981 {981) 2,256 12,429 785,813 129,317 (13,0661 143,465) 1,619 871,665 Endowment Funds General Investment fund 82,265 82,265 7,452 7,452 89,717 89,717 Total 1,263,765 290,862 {154,841) 7,452 1,407,238 201 Page
MOUNTJOY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 18. RELATED PARTY TRANSACTION One of the Trustees, the minister of the congregation received remuneration of £30,341 (2022: £28,896) and expenses of £6,109 (2022.. £5,817) for acting in that capacity. Income from investments amounting to £98112022: £9871 were paid to the minister. Pension contribution of £7,282 {2022: £6,935) were paid by the congregation in respett 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.