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.