First Moneymore Congregation of the Presbyterian Church in Ireland. Trustees Annual Report and Financial Statements for the year ended 3 1st December 2022. Registered Charity in Northern Ireland {NIC1056351 First Moneymore Congregation of the Presbyterian Church in Ireland Trustees Annual Report. The Trustees present their Annual Report and Financial Statements for the year ended 31st December 2022 including a Statement of Assets and Liabilities as at that date. Reference and Administrative Details First Moneymore Congregation of the Presbyterian Church in Ireland, stOnd Street, Moneymore, Magherafelt. BT45 7PN. Registered Charity in Northern Ireland (NIC105635). Chlty Trustees The Charity Trustees who served during the year or who were trustees at the date of this report were Doreen Brown, Kenneth Brown, James Davison, John Hunter, Eric McKee, Jonathan Sloan, Margaret Quinn. Principle Office Bearers Minister: Rev. J Sloan Clerk of Session: Kenneth Brown Treasurer: Greer Hunter Independent Examiner: Weir & Co 25 High Street, Moneymore, Moneymore, BT45 7PA Bankers- Ulster Bank, 20 William Street, Cookstown. BT80 8ND Solicitors - None 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 ad promote the spiritual interest of the congregation ad 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 administrating 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 Congregation. All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator: the Minister in active duty in the congregation has no deliberative but only a casting vote. Stated meetings of Kirk session are held: On the first Tuesday of January, March, May and November. The second Tuesday of September, and the First Sunday morning of October and the Second Sunday morning of May before communion Service. Ad hoc meetings, to deal with important business that can't wait until the next stated meeting, can take place providing all Kirk Session members are given notice. To be chosen for the office of 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 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. First Moneymore Congregation of the Presbyterian Church in Ireland has been assigned to the Tyrone Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists of the active Ministers of congregations assigned to it by the General Assembly, Ministers who have retired from active duty and an elder appointed by the Kirk Session of the congregation. 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 ministers and a representative elder appointed by the Kirk Session of each congregation. Description and Purpose The charitable purpose of the congregation is the advancement of religion. First Moneymore Congregation of the 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 her members to play their part in fulfilling God's mission to our world. The Congregation's Mission purpose is: By the grace of God, to help people of all ages become fully devoted followers of Jesus Christ. Our vision is, by the grace of God, to be an inclusive, welcoming community of Christ's people of all ages, which: _is increasingly characterised by love for God, and love and concern for others; _is committed to the historic Christian gospel as revealed in the Bible, -is relevant to people of this time and place
The congregation aims to live out its Mission and Vision as a family of God's people by being: _A covenant community: where our relationships are rooted in the promises of God by living faithfully toward him and toward one another. -An intergenerational community: where adults intentionally take the lead to engage with, encourage and nurture younger members to maturity in Christ. -An outward looking community: where we want the blessing of God that belongs to us in the gospel to become blessings for others beyond the bounds of our community. -As a congregation of the Presbyterian church in Ireland, we believe that the bible is the supreme authority over all we do, 8J]d that the Westminster Confession of Faith, along with the Larger and Shorter Catechisms set out what we understand the Bible teaches on key matters of Christian faith and practice. Activities and Objectives The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lord's Supper is observed on three occasions during the year, in January, May and October for all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord 's Supper. The congregation holds regular bible study meetings and has a wide range of organisation including: -sunday School and Bible Class -Children's Church -Boys Brigade (3 sections) -Mother's and Toddlers group -Girl Guides (4 sections) -youth Fellowship -Afternoon Fellowship (Senior citizen's group) -Presbyterian Women -Badminton (2 sections) -Bowling Club
Achievements and Performance Worship and Prayer. The Congregation normally meets for worship each Sunday at I1.30am (all year) and at 7pm from October to June. During the week the Bible Study (Wednesday nights from October to May) provides an opportunity for members to meet together for fellowship, to study the scriptures 8d for a time of prayer. At 3 1st December 2022 there were approximately 109 communicant member and approximately 107 families connected with the congregation. The average attendance at morning worship is 120 people. Pastoral Care Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister or elders. Mission and Outreach. Over the past year the congregation has been involved in different outreaches. The BB, Girl Guides, Mother and Toddler group and Bowling Club consist of people drawn from the local community who belong to other churches and none. The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in IrelarAd. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides fmancial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the church's training college for ministry students, and financially supports congregation in the areas of worship, discipleship, global mission, outreach, leadership and pastoral Ce. The congregation also contributed to the denominational World Development Appeal, Sunday School project, Presbyterian Children's Society, Presbyterian
Woman's Mission Fund, Moderator's Syria Appeal and other charities not directly associated with PCI. Presbytery The Congregation was represented at the regular meetings of Presbytery by our Minister and one of our elders. This provides an important link between the congregation and the wider structure of the church. General Assembly The Minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Building, Belfast in June. Property No work was carried out to 1st Moneymore Meeting House. Organisations Every Sunday morning from September to June, Sunday school and Bible Class meet in the Church hall. There are around 40 children and young people aged 5 - 15 attending each week. Youth Fellowship meets twice a month with around 7 young people attending. On Monday night, the bowling Club meets with around 30 members. The club participated in several competitive matches through the year. On Tuesday night Badminton club meets in two sections, with around 20 people aged from 8 upwards. Wednesday morning is the mothers and Toddlers group, with around 30 babies, toddlers ad their cers. They went on trips in the local area having a Teddy Bear's Picnic. Once a month on a Wednesday afternoon from October to April, the Afternoon Christian Fellowship meets with around 20 attending. Wednesday night is BB night when all three sections of the BB meet from September to April. There are around 100 boys in attendance each night. Midweek meeting for Prayer and Bible study meets on Wednesday night with around 16 people attending from October to May.
Thursday morning during September to April, the Ladies, bible study meets in the church, with around 20 ladies attending. On Thursday night Rainbows and Brownies meet from September to May with around 40 girls in attendance. Then on Friday night the Men's bible study meets with around l O men in attendance. And On Saturday night Guides and Rangers meet from September to June with around 30 girls in attendance. Volunteers The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities. Public Benefit Statement The Presbyterian Church in Ireland meets the public benefit requirement by providing benefits to its members and 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 notice boards, printed material, press advertisements, websites and social media or in other ways. 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 hann. 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 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 commission Public benefit requirement statutory guidance. Financial review The congregation's mains source of income is member's contributions through the Weekly Freewill Offering. There were I I I contributors during the year in 2022 (114 in 20211 donating a tot81 of £46,804 (£43,856 in 2021). Total income of the congregation during the Ye was £1 11,4 1 I, compared to £101,950 in the previous year. Total expenditure increased to £104,33 1 from £66,374, an increase of £37,957. Statement of Trustees responsibilities The trustees are responsible for preparing the annual report and the financial statement of the congregation in accordance with applicable law and generally accepted accounting practice.
As the congregations total income does not exceed £250,000, the Trustees have elected under section 64(3) of the charities act (Northern Ireland) 208 to prepe a receipts and payment account and a statement of assets and liabilities. 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, Approved by the Kirk Session at a meeting on 25th August 2024 and signed on its behalf by Rev. J Sloan & Kenneth Brown. iufkn- 2s/gA
an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND I report on the accounts of Flrst Moneymore Congregation of the Presbyterian Church in Ireland for the year ended 31st December 2022. which are set out on pages 12 to 19. Respective responsibillties 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 Charities Act; Follow the procedures laid down in the general directions given by the Commission under section 65 19) Ib) of the Charitie5 Act; and, 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 Charitie5 Act and my examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65 {9) Ib) of the Charities Act. My examination included a review of the accounting records kept by the charity and a preparation of the accounts from those record5. 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 Charities Act; and, 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's qualified statement I have completed my examination and I have identified matters of concern in respect of areas11) to13) listed above because I have identified concerns to do with each of these requirements. The charity trustees have prepared receipts and payments accounts and the accounts show monies received in the year of £111,411, however, incomplete records have been kept for the recreational accounts, monies received totalling £1,667 which is included in this amount. Similarly¢ for the expenditure of these recreational accounts amounting to £2,151 there are incomplete supporting records for any payments. Total payments for all accounts amounted to £104,331. This has arisen due to lack of preparation by the io
an recreational groups within the church for the filing of accounts. In connection with matter (4), and in following the Directions of the Charity Commission for Northern Ireland, I have found no other matters that require drawing to your attention Signed: Date: 25 August 2024 Seamus O'Neill FCA Weir & Co. Chartered Accountants, 27 High Street, Moneymore, BT45 7PA. li
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipt5 and Payments Account) for the year ended 31 December 2022 Note Unrestrirted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 59,078 39,149 11,534 500 98,227 11,534 500 1,150 92,914 7,175 400 1,461 1,144 Sale of fixed assets Total Receipts 60,222 51,189 111,411 101,950 Payments Raising funds Cha ritable activities Other 301 43,948 301 104,030 317 66,057 60,082 Purchase of Investments Total Payments 44,249 60,082 104,331 66,374 Net receipts / (payments) Transfers between funds 15,973 (8,993) 7,080 35,576 Net movement in funds Funds brought forward Deduct non cash/bank related endowment funds 15,973 150,493 (8,893) 46,357 7,080 196,850 35,576 161,274 Funds carried forward 11 166,466 37,464 203,930 196,850 12
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestricted Funds Restricted Endowment Fund5 Funds Total Fund5 2022 Total Funds 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 150,493 15,973 46,357 {8,893) 196,850 7,080 161,274 35,576 Bank and Cash at end of year 166,466 37,464 203,930 196,850 Bank & Cash Balances Bank Dep051t Accounts Bank Current Accounts Cash in Hand 55,370 146,438 2,122 54,807 139,623 2,420 203,930 196,850 Other Asset5 Fixed Assets- Note 10 Church Premises Investment Assets Investment funds 2,263,183 2,105,287 28,816 31,045 2,291,999 2.136,332 Liabilities NIL NIL Approved by the Kirk Session at a meetin8 on 25 August 2024 and signed on its behalf by Rev. J Sloan Kenneth Brown eJof/t¢ i£ /6 IL4 13
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basi5. 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 (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. DONATIONS AND LEGACIES Unrestricted Funds Restricted Endowment Funds Fund5 Total 2022 Total 2021 Recorded giving: Loose collections Donations and gifts Gift Aid FWO 311 11,665 11,998 35,104 311 37,281 13,831 46,804 120 35,569 13,639 43,586 25,616 1,833 11,700 59,078 39,149 98,227 92,914 14
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS 31 December 2022 CHARITABLE AcfiviTIES Unrestricted Fund5 Restricted Funds Endowment Funds Total 2022 Total 2021 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 4,747 4,747 525 5,707 1,080 5,707 1,080 1,505 5,145 11,534 11,534 7,175 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Letting of premises 500 500 400 500 500 400 INVESTMENT INCOME Unrestricted Fund5 Restricted Endowment Funds Funds Total 2022 Total 2021 Deposit interest General Investment Fund Other investment income 557 587 557 587 537 921 1,144 1,150 1,461 15
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Other income RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 FWO envelopes Fundraising events 301 301 317 301 301 317 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities 344 16,389 27,215 344 16,389 69,415 17,882 344 13,517 38,384 13,812 42,200 17,882 43,948 60,082 104,030 66,057 16
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd} 31 December 2022 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Outreach 10. FIXED ASSETS The congregation owns the Church premises situated at 11 Stonard Street, Moneymore, BT45 IPN and the associated fixtures, fittings, plant and machinery. These have an insurance value of £2,263,183. The congregation has reviewed the basis on which it prepares its accounts and in order that these are prepared on a strict receipts and payments basis it has eliminated from its fund balances any funds which are not held in bank or cash balances. Any other funds, which the congregation holds, in particular investment5, are disclosed on the Statement of Assets & Liabilities. 17
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Deficit) Balance at end Unrestricted Funds Number l & 7 Accounts Progressive - 5 Year Bond Business Reserve Scottish Widows 95,687 44,163 420 10,223 59,658 538 44,249 15,409 538 111,096 44,701 422 10,247 24 24 150,493 60,222 44,249 15,973 166,466 Restricted Funds Property & Repair Account Graveyard Account Church Hall Account United Appeal & other Religious And Charitable Objects Mission Account PW Account Boys Brigade Guide Account Rangers Account Brownies Account Rainbows Account Badminton Account 20,752 1,743 4,864 86 13,731 2,354 4,071 15,707 17,696 3,645 8,165 15,707 {3,965) (1,2911 {4,0941 {5,385) 1,291 4,094 11,402 1,743 4,864 86 2,278 919 2,216 6,459 681 1,279 2,063 3,017 2,278 1,495 1,705 5,827 415 1,617 2,988 3,044 2,861 1,497 6,245 2,285 2,008 6,877 266 1,546 1,744 143 576 1511} 1632} 1266} 338 925 27 1,884 2,669 170 46,357 51,189 60,082 {8,893) 37,464 Total 196,850 111,411 104,331 7,080 203,930 18