Presbyter an FIRST MONEYMORE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2024 Registered Charity in Northern Ireland (NIC105635}
Presbyter an FIRST MONEYMORE CONGREGATION OF THE PRESBrfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements forthe year ended 31 December 2024 including a Statement of Assets and Liabilities as at that date. REFERENCE AND ADMINISTRATIVE DETAILS FIRST MONEYMORE congregation of the Presbyterian Church in Ireland Stonard Street Moneymore Magherafelt BT45 7PN Registered Charity in Northern Ireland (NIC105635) CHARITY 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 Margaret Quinn John Hunter Eric McKee Jonathan Sloan Eric McKee PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev J Sloan Kenneth Brown Greer Hunter INDEPENDENT EXAMINER Weir & Co Chartered Accountants, 25 High Street, Moneymore, Moneymore, BT45 7PA BANKERS Ulster Bank, 20 William Street, Cookstown. BT80 8ND SOLICITOR5 None
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {cont'd) STRUCTURE AND MANAGEMENT The Kirk Session The charity trustee5 of the congregation are the members of its Kirk Se55ion. 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 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 member5 are entitled to propose, speak and exercise equal votes at meetin85, 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 busine55 that can't wait until the next stated meeting, can take place providing all Kirk Session members are given notice. To be chosen forthe 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 a55igned 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.
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND 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 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 purposes are: 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 aim5 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 intentionallytake 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, and 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.
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEE5 ANNUAL REPORT {cont'd) AcfiviTIES 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. All those who have been baptlsed 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 organisations including: -sunday School and Bible Class -Children's Church -Boys Brigade13 sections) -Motherfs 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 11.30am (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 and for a time of prayer. As well as our regular services during the year we acknowledged God's gift of new life at 2 Sacraments of Baptism, gave thanks for faithful service of 2 members and sought to comfort those who had been bereaved during the year. At 31st December 2024 there were 109 communicant members and 107 families connected with the congregation. The average attendance at morning worship is 120 people.
an 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. We also have h05ted some of the local primary schools to a tour of the church building. The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to 5UPPOrt 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 financial support for mission personnel at home and overseas, assists congregation5 With the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assists with the running costs of Union Theological College, the church's training college for ministry students, and financially supports congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. The congregation also contributed to the denominational World Development Appeal, Sunday School project, Presbyterian Children's Society, Presbyterian Woman's Mission Fund, Moderator's Appeal and other charities not directly a550ciated with PCI. Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and / or one of the elders. This provides an important link between the congregations and the wider structures 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 Buildings, Belfast, in June. Property No work was carried out to 1st Moneymore Meeting House.
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {cont'd) Organlsatlons 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 mother5 and Toddlers group, with around 30 babies, toddlers and their carers. 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 Octoberto 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 ni8ht the Men's bible study meets with around 10 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.
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd} 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, website5 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 doe5 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 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 communitie5 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.
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (convd) FINANCIAL REVIEW The congregation's main source of income is memberfs contributions through the Weekly Freewill Offering. There were 111 contributors during the year in 2024 (111 in 20231 donating a total of £53,720 (£50,892 in 2023). Total income of the congregation during the year was £119,618, compared to £108,696 in the previous year. Total expenditure increased to £116,602 from £95,406, an increase of £21,196. 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. 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 prepare 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 24 October 2025 and signed on its behalf by Rev J Sloan Kenneth Brown
an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND I report on the accounts of First Moneymore Congregation of the Presbyterian Church in Ireland for the year ended 31st December 2024, which are set out on pages 12 to 18. Respective responsibilities of charity trustees and examiner As the charity's trustee5 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 (9) {bl of the Charities 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 Charities 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 records. It also included consideration of any unusual items or disclosure5 in the account5, 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 attentlon 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 qualifled statement I have completed my examination and I have identified matters of concern in respect of areas (l) to (3) 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 £119,618, however, incomplete records have been kept for the recreational accounts, monies received totalling £2,169 which is included in this amount. Similarly, for the expenditure of these recreational accounts amounting to £2,162 there are incomplete supporting records for any payments. Total payments for all accounts amounted to £116,602. This has arisen due to lack of preparation by the 10
an recreational group5 Within the church for the filing of accounts. In connection with matter (41, 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: JLf I,-IzS Seamus O'Neill FCA Welr & Co. Chartered Accountants, 27 High Street, Moneymore, BT45 7PA. 11
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restrlcted Funds Endowment Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 60,357 33,057 20,212 500 740 93,414 20,212 500 5,492 96,296 10,065 500 1,235 600 4,752 Sale of fixed assets Total Receipts 65,109 54,509 119,618 108,696 Payments Raising funds Charitable activities Other 285 59,960 285 116,317 299 95,107 56,357 Purchase of Investments Total Payments 60,245 56,357 116,602 95,406 Net receipts / (payments} Transfers between funds 4,864 (30,0001 11,8481 30,000 3,016 13,290 Net movement in funds Funds brought forward Deduct non cash/bank related endowment funds (25,1361 170,981 28,152 46,239 3,016 217,220 13,290 203,930 Funds carried forward 11 145,845 74,391 220,236 217,220 12
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES A5 at 31 December 2024 Unrestricted Funds Restricted Endowment Funds Fund5 Total Funds 2024 Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 170,981 (25,1361 46,239 28,152 217,220 3,016 203,930 13,290 Bank and Cash at end of year 145,845 74,391 220,236 217,220 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 86,267 131,823 2,146 56,000 160,518 702 220,236 217,220 Other Assets Fixed Assets- Note 10 Church Premises Investment Assets Investment funds 2,432,922 2,432,922 31,099 31,099 2,464,021 2,464,021 Liabilities NIL NIL Approved by the Kirk Session at a meeting on 24 October 2025 and signed on its behalf by Rev. J Sloan Kenneth Brown 13
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 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 basis. 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 comprlse lal 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'5 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 Funds Total 2024 Total 2023 Recorded giving: Loose collections Donations and gifts Gift Aid FWO 777 7,490 12,270 39,820 777 25,211 13,706 53,720 1,506 28,964 14,934 50,892 17,721 1,436 13,900 60,357 33,057 93,414 96,296 14
an FIRST MONEYMORE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 10,641 10,641 3,650 6,621 2,950 6,621 2,950 3,600 2,815 20,212 20,212 10,065 OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Letting of premises 500 500 500 500 500 500 INVESTMENT INCOME Unrestricted Funds Restrlcted Endowment Funds Funds Total 2024 Total 2023 Deposit interest General Investment Fund Other investment income 740 740 681 4,071 41 537 657 681 4,071 4,752 740 5,492 1,235 15
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Other income 600 600 RAISING FUNDS Unrestrirted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 FWO envelopes Fundraising events 285 285 299 285 285 299 CHARITABLE AcfiviTIES Unrestricted Fund5 Restricted Endowment Funds Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and cha rities 409 34,562 24,989 409 34,562 70,258 11,088 344 32,297 48,401 14,065 45,269 11,088 59,960 56,357 116,317 95,107 16
an FIRST MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restricted Endowment Funds Fund5 Total 2024 Total 2023 Outreach 10. FIXED ASSETS The congregation owns the Church premise5 Situated at 11 Stonard Street, Moneymore, BT45 IPN and the associated fixtures, fittings, plant and machinery. These have an insurance value of £2,432,922. The congregation has reviewed the basis on which it prepares it5 accounts and in order that these are prepared on a strict receipts and payment5 ba51S 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 investments, 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 2024 11. FUND BALANCES Fund Balance at start Recelpts Payment Surplus / Transfer (Deficit) Balance at end Unrestricted Funds Number l & 7 Accounts Progressive - 5 Year Bond Business Reserve Scottish Widows 114,981 45,215 427 10,358 64,424 520 60,245 4,179 520 (30,0001 89,160 45,735 433 10,518 159 159 170,981 65,109 60,245 4,864 (30,000) 145,845 Restricted Funds Property & Repair Account Graveyard Account Church Hall Account United Appeal & other Religious And Charitable Objects Mission Account PW Account NFU Mutual Boys Brigade Guide Account Rangers Account Brownie5 Account Rainbows Account Badminton Account 16,305 1,743 4,864 399 13,900 1,866 4,516 11,088 9,945 2,349 8,527 11,108 3,955 (483) (4,011) (201 (4,495) 484 4,011 16,305 1,743 4,864 399 2,278 1,560 2,278 1,560 29,582 2,002 9,071 415 1,373 3,257 2,972 692 1,892 16,850 1,111 2,009 17,600 (419} 1117} (750} 30,000 2,002 9,071 415 1,373 3,257 2,972 1,784 1,645 277 1,735 1,819 153 49 11741 124 46,239 54,509 56,357 (1,848} 30,000 74,391 Total 217,220 119,618 116,602 3,016 220,236 18