Mountjoy Presbyterian Church a congregation of the Presbyterian Church in Ireland
Trustees Annual Report and Financial Statements for the year ended 31 December 2025
Registered with the Charity Commission for Northern Ireland NIC105628
Presbyteryan
MOUNTJOY PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
TRUSTEES ANNUAL REPORT
The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2025 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 (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 Ken McFarland John A Colhoun W Alexander McFarland Anne Beattie Glenda Ewing Elaine Catterson Robin D Sterritt Trevor Hutchinson David W Garrett RodneyJ Hamill Paul Colhoun Thomas McFarland Ivor Sampson Karen Ballantine RichardJ McAskie Elaine Thompson
PRINCIPAL OFFICE BEARERS
Minister Clerk of Session Treasurer
Rev Jonathan Cowan David W Garrett RodneyJ Hamill
INDEPENDENT EXAMINER
Glenda Mcllwaine 28-30 Old Mountfield Road Omagh, Co. Tyrone BT79 7BJ
BANKERS SOLICITORS Ulster Bank Ltd McConnell & Fyffe 14 High Street 21 Church St, Omagh Omagh Co Tyrone BT78 1DG BT78 1BJ
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MOUNTJOY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland
Presbyteryan
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 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 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.
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a Congregation of The Presbyterian Church In Ireland
MOUNTJOY PRESBYTERIAN CHURCH
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Presbyteryan
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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 Scriptures, 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 message of the Bible with those who havea link with their local church and those who
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MOUNTJOY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland
Presbyteryan
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 their time 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 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 (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 advertisement, websites, and social media or in other ways.
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a Congregation of The Presbyterian Church In.lreland
MOUNTIOY PRESBYTERIAN CHURCH
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Presbyter an
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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 is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and 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 £128,185 (2024: £123,817). A further £2,563 (2024: £9,098) was received from other activities for unrestricted purposes. Total expenditure from unrestricted funds amounted to £122,182 (2024: £122,141) leaving a surplus of £10,991 (2024: £10,140) for the year.
In addition to the above funds the congregation’s members donated £207,279 (2024: £176,549), including Gift Aid for the building fund account and other restricted funds.
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:
©
MOUNTJOY PRESBYTERIAN CHURCH
Presbyterran
a Congregation of The Presbyterian Church In Ireland
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 preparing the 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 £81,258 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 2 March 2026 and signed on its behalf by signed on behalf by:
jyonethiow Cowra
Rev Jonathan Cowan
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David Garrett
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NS a
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MOUNTJOY PRESBYTERIAN CHURCH
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(/
a
a
Presbyter an
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a Congregation of The Presbyterian Church In Ireland
QUALIFIED INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF MOUNTJOY
CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
| report on the accounts of Mountjoy Presbyterian Church for the year ended 31 December 2025, 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:
- e Examine the accounts under section 65 of the Charites Act e Follow the procedures laid down in the general Direction given by the Commission under section 65(9)(b) of the Charities Act
:
- e State whether particular matters have come to my attention.
Basis of independent examiner’s report
| 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 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:
-
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
-
That the accounts do not comply with the accounting requirements of the Charites Act 4. That there is further information needed fora proper understanding of the accounts to be reached.
Independent examiner’s statement
| have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and in connection with following the Directions of the Charity Commission for GlendaViaMcllwain no matters that require drawing to your attention. Chartered Accountant 28-30 Old Mountfield Road Omagh BT79 7BJ
;
15 April 2026
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7 .
MOUNTJOY PRESBYTERIAN CHURCH
Presbyteryan
a Congregation of The Presbyterian Church In Ireland
STATEMENT OF FINANCIAL ACTIVITY
for the year ended 31 December 2025
| Note | Unrestricted Restricted ©Endowment Total Total Funds Funds Funds 2025 2024 |
|
|---|---|---|
| Income and | £ £ £ £ £ |
|
| Endowments from: | ||
| Donationsand legacies Charitable activities Othertrading Investments Other Total |
2 3 4 5 6 |
130,748 207,409 - 338,157 247,654 - 11,136 - 11,136 9,270 - 1,230 - 1,230 1,311 2,425 26,683 - 29,108 26,775 - 26,429 - 26,429 25,087 AF 25,087 133,173 272,887 - 406,060 310,097 ee UB,YOU 310,097 |
| Expenditure on: | ||
| Raising funds Charitable activities Other Total |
7 8 9 |
- - - - 280 122,182 38,732 - 160,914 144,140 - 19,295 - 19,295 22,848 EIS 22,848 122,182 58,027 - 180,209 167,268 ee HOU LUG 167,268 |
| NetIncome/ (expenditure) |
10,991 214,860 - 225,851 142,829 |
|
| Netgains/(losses) on investments |
- - (4,039) (4,039) 4,242 |
|
| Transfers between funds | wee 10,991 214,860 (4,039) 221,812 147,071 (3,394) 3,394 - - - a a |
|
| Netmovement infunds Reconciliation of funds: |
7,597 218,254 (4,039) 221,812 147,071 |
|
| Totalfunds brought forward |
452,842 1,007,508 93,959 1,554,309 1,407,238 |
|
| 7 Totalfunds carried forward |
eee 460,439 1,225,762 89,920 1,776,121 1,554,309 |
|
| ee |
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U a 2 Presbyter an
a Congregation of The Presbyterian Church In Ireland
;
MOUNTJOY PRESBYTERIAN CHURCH
BALANCE SHEET
As at 31 December 2025
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||||||||
|---|---|---|---|---|---|---|
|Notes|Total|Total|
|Funds|Funds|
|2025|2024|
|£|£|
|Fixed|assets:|
|Tangible|assets|12|427,529|427,939|
|Total fixed|assets|427,529|427,939|
|Current|assets|
|Debtors|13|58,277|37,164|
|Current|Investments|14|89,920|93,959|
|Cash|at bank and|in|hand|15|1,202,946|997,233|
|Total|current assets|1,351,143|1,128,356|
|Liabilities:|
|Creditors:|Amounts|falling due|within|16|(2,551)|(1,986)|
|one|year|
|Net current|assets|or|liabilities|1,348,592|1,126,370|
|Total|net|assets|or|liabilities|1,776,121|1,554,309|
|Funds|of the|charity|
|Unrestricted|funds|17|460,439|452,842|
|Restricted|income|funds|17|1,225,762|1,007,508|
|Endowment funds|17|89,920|93,959|
|Total|charity funds|1,776,121|1,554,309|
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Approved by the Kirk Session at a meeting on 2 March 2026 and signed on its behalf by
Rev Jonathan Cowan Frenette Corer 9|Page
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| David Garrett
| o ( |
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Presbyteryan
a Congregation of The Presbyterian Church In Ireland
MOUNTJOY PRESBYTERIAN CHURCH
NOTES TO THE ACCOUNTS
31 December 2025
1. 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 1 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.
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MOUNTIJOY PRESBYTERIAN CHURCH
Presbyteryan
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS 31 December 2025
1, ACCOUNTING POLICIES (cont’d)
INCOMING RESOURCES
(i) 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 (as with fundraising income) the incoming resources and related expenditure are reported gross in the SoFA.
(iii) Grants and donations Grants and donations are only included in the SoFA when the congregation has unconditional entitlement to the resources.
(iv) Tax reclaims on donations and gifts Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.
(v) Contractual income and performance related grants
This is only included in the SoFA once the related goods or services have been delivered.
(vi) Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.
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MOUNTJOY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland
Presbyteryan
NOTES TO THE ACCOUNTS
31 December 2025
- 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.
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a Congregation of The Presbyterian Church In Ireland
MOUNTJOY PRESBYTERIAN CHURCH
Presbyteryan
NOTES TO THE ACCOUNTS
31 December 2025
1. 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 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
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||||||
|---|---|---|---|---|
|Buildings|- over 50 years|
|Fixtures,|fittings|and|equipment|- over 10 years|
|Motor Vehicles|- over 4 years|
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(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.
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MOUNTJOY PRESBYTERIAN CHURCH
Presbyteryan
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (cont'd) 31 December 2025
2. DONATIONS AND LEGACIES
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|---|---|---|---|---|---|---|---|
|3|€|WY|WY|
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|Dw|ew|tok|FN|eN|
|Loose|£|£|£|£|£|
|collections|1,597|-|-|1,597|1,906|
|Donations and|gifts|106,678|171,900|-|278,578|206,036|
|Gift Aid|ee22,473|35,509|-|57,982|39,712|
|130,748|OL|89, /12|
|eeStat207,409|~|338,157|£41247|,|654004|
|3.|CHARITABLE|ACTIVITIES|
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|£|£|£|£|£|
|Fundraising|events|-|11,136|-|11,136|9,720|
|er|OEE|SO, SLU|
|ee-|11,136|-|11,136ED|9,720LU|
|4.|OTHER TRADING|ACTIVITIES|
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|2D|&|cm|lo|i|FN|FN|
|£|£|£|£|£|
|Letting of premises|-|750|-|750|845|
|investments|for|minister|-|480|-|480|466|
|OUD|
|a-|1,230Katha|-|1,2302|1,311OZ|
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Presbyterian
a Congregation of The Presbyterian Church In Ireland
MOUNTJOY PRESBYTERIAN CHURCH
NOTES TO THE ACCOUNTS (cont’d)
31 December 2025
- INVESTMENTS
| ao) w @ fens 2 2 So 8 2 =- Bo By §, 2 2 os 5S os vee) aw & < n DT & en eN £5 os cs oo o°O Dk cw lu FN EN |
|
|---|---|
| £ £ £ £ £ |
|
| Deposit interest General InvestmentFund |
843 =26,382 - 27,225 25,239 1,582 301 - 1,883 1,536 eee 8S 50 2,425 26,683 - 29,108 26,775 Ae eer AUG L£0,/7/0 |
| 6. OTHER INCOME |
|
| 3 = 2 2 |
|
| Yo Oo 5 ots aww aw :& n Tw Cf ww ON wN £5 os cs oo ome) Dw fame Lu oo Ee N FN |
|
| Periodicals | £ £ £ £ £ - 205 - 205 276 |
| Incomefrom Drumlegagh BB income GBincome PWincome |
- - - - 1,394 - 10,972 - 10,972 9,420 - 9,063 - 9,063 9,274 - 6,189 - 6,189 4,723 mE OF LO - 26,429 - 26,429 25,087 ma OE LOUOS |
- OTHER INCOME
15]Page
Presbyter an
a Congregation of The Presbyterian Church In Ireland
MOUNTJOY PRESBYTERIAN CHURCH
NOTES TO THE ACCOUNTS (cont'd)
31 December 2025
- RAISING FUNDS
| no rod} |
vr c |
2) | uy | |
|---|---|---|---|---|
| Ru oo & < cs Da i |
Zou Sin 5 os nm & DT o> cs ew tu Le |
a mW vw ™ oo FN |
LL ww + ON oo EN |
|
| £ | £ £ |
£ | £ | |
| Fundraisingevents | - - - - 280 am OU |
|||
| - - - ~ 280 ee <>) |
||||
| 8. CHARITABLEACTIVITIES |
||||
| To | w | |||
| = | 2 E |
3 | 3 | |
| oo = < cs DR |
53 ots n Oo os oc 5 cm lu oi |
aw wen o°0 EN |
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|
| £ | £ £ |
£ | £ | |
| GeneralAssemblyAssessments Presbyteryfees Ministryand support staffcosts Congregational runningexpenses Donations to missions& charities |
14,662 - - 14,662 15,799 1,268 - - 1,268 1,128 69,651 1,080 - 70,731 72,312 35,037 20,021 - 55,058 32,993 1,564 17,631 - 19,195 21,909 rr eA FL UD 122,182 38,732 - 160,914 144140 |
|||
| 9. OTHER EXPENDITURE |
||||
| Tw | » | |||
| ra | 2 & |
5 | 3S | |
| OD & ¢ oc 5 DA uw |
ED ots non Oo Vos £5 ew luo |
ee) ~~ AN oo en |
we oT ee N ome) BEN |
|
| £ | f £ |
£ | £ | |
| BB expenses GB expenses PWexpenses |
- 10,052 - 10,052 11,920 - 8,432 - 8,432 9,874 - 811 - 811 1,054 EG |
|||
| - 19,295 - 19,295 22,848 EID FOF© |
16|Page
MOUNTIJOY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland
Presbyter lan
NOTES TO THE ACCOUNTS (cont’d)
31 December 2025
10. EMPLOYEES
Employment Costs
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|---|---|---|---|
|2025|2024|
|Wages|£|£|
|Social|and salaries|48,861|49,042|
|security|costs|4,995|4,169|
|Pension|contributions|6,666|7,985|
|Number|60,522|61,196|
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Number of Employees
The average number of employees, including the minister of the congregation, during the year was 3 (2024: 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 lreland 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 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 ina 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% of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit.
The contributions made by the congregation during the year were
Contributions for minister
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|---|---|
|2025|2024|
|£|£|
|5,770|7,646|
----- End of picture text -----
17| Page
Presbyteryan
MOUNTJOY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (cont’d)
31 December 2025
12. TANGIBLE FIXED ASSETS
Ww\ oe\ 25\ a> mw |
WY oe 8 S35 + 2 |
z is) te |
|
|---|---|---|---|
| Cost or valuation | £ | £ | £ |
| Atstartofyear Additions Reclassify Disposals |
24,972 - 2,007 - |
402,967 2,700 (2,007) - |
427,939 2,700 - - |
| Atend ofyear | et 26,979 403,660 430,639 Ho SOY 9U)059 — |
||
| Depreciation | |||
| At start ofyear | ~ | - | - |
| Provision foryear Disposals |
3,110 - |
- - |
3,110 - |
| Atend ofyear | 3,110 - 3,110 ad |
||
| Net BookValue | |||
| Atstartofyear | 24,972 | 402,967 | 427,939 |
| Atend ofyear | 23,869 sn At |
403,660 etc id |
427,529 kl |
| 13. DEBTORS |
|||
| 2025 | 2024 | ||
| GiftAid Recoverable Otherdebtor Prepayments |
£ 51,484 5,693 1,100 |
£ 36,100 - 1,064 |
|
| 58,277 | 37,164 |
18|Page
Presbyterfan
a Congregation of The Presbyterian Church In Ireland
MOUNTIJOY PRESBYTERIAN CHURCH
NOTES TO THE ACCOUNTS (cont’d)
31 December 2025
14. INVESTMENTS
==> picture [460 x 159] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2025|2024|
|General|£|£|
|Investment|Fund|89,920|93,959|
|89,920|93,959|
|Value|at start|of year|93,959|89,717|
|Additions|-|.|
|Gains / (losses)|on|revaluation|(4,039)|4,242|
|Value|at end|of year|89,920|93,959|
----- End of picture text -----
15. CASH AT BANK AND IN HAND
==> picture [437 x 190] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Main Account|81,258|177,003|
|Youth|Fund Account|3,643|3,209|
|Memorial|Fund Account|17,201|17,201|
|Building|Fund Account|63,831|57,513|
|Reserve|Fund Account|192,816|140,705|
|Savings|deposit Account|410,000|382,194|
|Davy Cash|investment Account|200,171|192,310|
|Evelyn|Investment Account|200,000|-|
|Boy’s|Brigade Accounts|9,620|8,700|
|Girl’s|Brigade|Accounts|7,040|6,410|
|PW Accounts|17,366|11,989|
|1,202,946|997,234|
----- End of picture text -----
19|Page
MOUNTJOY PRESBYTERIAN CHURCH
Presbyter lan
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (cont’d)
31 December 2025
- CREDITORS: amount falling due within one year
| 2025 2024 |
||||
|---|---|---|---|---|
| £ £ |
||||
| Accounts payable Accruals and deferred income |
2,551 1,986 |
|||
| - - |
||||
| 2,551 1,986 |
||||
| 17. FUND BALANCESAND RECONCILIATION OF FUNDS |
||||
| Fund | Balance at | Income | Expend. | Gains/ Transfer Balance at |
| start | losses end |
|||
| £ | £ | £ | £ £ £ |
|
| Unrestricted Funds | ||||
| Generalfund Property |
194,773, 133,173 (122,182) - (284) 205,480 258,069 - - - (3,110) 254,959 aN ARUP 254,959 452,842 133,173 (122,182) (3,394) 460,439 ee eee AOE NY 400,439 - |
|||
| Restricted Funds | ||||
| Youthfund Memorialfund Buildingfund Organisationalfunds Property Minister investment |
3,210 17,201 790,129 27,098 169,870 - |
670 - 230,714 26,224 - 1,080 |
(237) - (19,579) (19,295) - {1,080} |
- - 3,643 - - 17,201 - (2,943) 998,321 - - 34,027 - 2,700 172,570 - - - |
| income | ||||
| General fund | - | 14,199 | (17,836) | - 3,637 - |
| 1,007,508 EE |
272,887 EE OF |
(58,027) NPONE |
- 3,394 1,225,762 8SIE 1,225,762 - |
|
| Endowment Funds | ||||
| General Investment fund | 93,959 - - (4,039) - 89,920 ees MO 89,20 |
93,959 - - (4,039) - 89,920 ee NO 9,920 |
||
| aeee |
- FUND BALANCES AND RECONCILIATION OF FUNDS
20[Page
Presbyteryan
MOUNTJOY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (cont’d) 31 December 2025
18. RELATED PARTY TRANSACTION
One of the Trustees, the minister of the congregation received remuneration of £32,973 (2024: £31,858) and expenses of £6,551 (2024: £6,722) for acting in that capacity. Income from investments amounting to £1,080 (2024: £1,066) were paid to the minister. Pension contribution of £5,770 (2024: £7,646) 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.
21 [Page