Second Moneymore Congregation of the Presbyterian Church In Ireland. Trustees Annual Report and Financlal Statements for the year ended 31st December 2022. Registered Charity in Northern Ireland (NIC105637) The Trustees present their Annual Report and Financial Statements for the year ended 3 1st December 2022 including a Statement of Assets and Liabilities as at that date. Reference and Administrative Details Second Moneymore Congregation of the Presbyterian Church in Ireland, Circular Road, Moneymore, Magherafelt. BT45 7PY. Registered Charity in Northern Ireland (NIC1056371 Charity Trustees The Charity Trustees who served during the year or who were trustees at the date of this report were Alastair Anderson David Anderson John Anderson James Atkinson Derek Davison John Mccullough Sylvia Mcmenemy Rev. Jonathan Sloan. Principle Office Bearers Minister - Rev. J Sloan Clerk of Session - Kenneth Brown Treasurer - Derek Davison Independent Examiner: Weir & Co, 25 High Street, Moneymore, BT45 7PA Bankers: Danske Bank, 38 James Street, Cookstown. BT80 8LX 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 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 members are entitled to propose, speak and exercise equal votes as 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. Second 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 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 de8Jing 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 ad 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. Second Moneymore Congregation of the Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in [relad, 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, 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. Activities and Obj ectives 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 nonnajly 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 and for a time of prayer. At 3 1st December 2022 there were approximately 64 communicant member and approximately 68 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 involve 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 hosted 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 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 financial 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 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 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 2nd 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 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 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 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.
Public Benefit Statement The Presbyterian Church in Ireland meets the public benefit requirement by providing benefits to its members ad general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The public 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 StadardS, (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 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 Presbyteria 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 aJ]d 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 approximately 65 contributors during the year in 2022 donating a total of £28,674 (£27,018 in 2021). Total income of the congregation during the year was £75,601, compared to £49,979 in the previous year. Total expenditure increased to £78, 184 in 2022 from £39,693 in 202 1. Statement of Trustees responsibilities The trustees are responsible for preparing the annual report and the fmancial statement of the congregation in accordance with applicable law and generally accepted accounting practice. As the congregation's 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 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.. .. and signed on behalf by Rev. J Sloan, Derek Davison & Kenneth Brown. T&
an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF 2" MONEYMORE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND I report on the accounts of Second Moneymore Congregatlon of the Presbyterian Church in Ireland for the year ended 31st December 2022, which are set out on pages 10 to 16. 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 Charities Act Follow the procedures laid down in the general directions given by the Commission under section 65191 Ibl of the Cha rities Act State whether particular matters have come to my attention. Basis of independent examlnerfs 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 {91 (b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a preparation of the account5 from those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you a5 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: I, That accounting records were not kept in accordance with section 63 of the Charitie5 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 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 I have identified matters of concern in respect of the area5111 to131 listed above. Incomplete records have been kept for recreational accounts, monies, totalling £1,282 in receipts and £1,338 in payments. This has arisen due to a lack of preparation by the recreational group5 Wlthin the church for the filing of accounts. In connection with matter141 and in following the Directions of the Charity Commission for Northern Ire d, I have found no matters that require drawing to your attention. Signed: P 4JAd /[4 Date: 31 October 2024 Seamus O'Neill FCA Weir & Co. Chartered Accountants, 23 Hlgh Street, Moneymore, BT45 7PA.
an 2nd MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY {Receipts and Payment5 Account) For the year ended 31 December 2022 Note Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 42,441 6,746 2,809 1,836 49,187 2,809 1,836 4,075 17,696 42,660 886 1,752 3,857 825 4,075 17,696 Total Receipts 46,515 29,086 75,601 49,979 Payments Raising funds Ch aritable activities Other 170 29,535 4,245 170 39,232 38,782 177 26,722 12,794 9,697 34,537 Total Payments 33,950 44,234 78,184 39,693 Net receipts / (payments) Transfers between funds Transfer in 12,565 (9,588) 115,148) 9,588 12,583) 10,286 Net movement in funds Funds brought forward 2,977 44,048 15,5601 (11,432} (2,583) 32,616 10,286 22,330 Funds carried forward 11 47,025 (16,9921 30,033 32,616 io
an 2nd MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestricted Fund5 Restricted Endowment Funds Funds Total Funds 2022 Total Funds 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 44,048 2,977 {11,432) (5,560) 32,616 12,5831 22,330 10,286 Bank and Cash at end of year 47,025 (16,992) 30,033 32,616 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts 602 29,431 600 32,016 30,033 32,616 Other Assets Fixed Assets - Note 10 Church Premises/contents Manse/contents Investment Assets Investment funds 2,356,855 657,846 2,192,424 611,950 158,061 158,061 Gift Aid receivable on donation5 7,061 6,342 3,179,823 2,968,777 Liabilities Approved by the Kirk Session at a meeting on L.l.i.o.l.&&.tand signed on its behalf by Kenneth Brown Rev. J Sloan Derek A Davison T6NL- ILJr 11
an 2nd 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 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 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 balance5, 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 Restrlcted Endowment Fund5 Funds Total 2022 Total 2021 Recorded giving: Loose collections Donations and gifts Gift Aid 481 35,574 6,386 481 42,320 6,386 105 36,049 6,506 6,746 42,441 6,746 49,187 42,660 12
an 2nd MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Income from charitable activities 2,809 2,809 886 2,809 2,809 886 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Letting of Manse lands 1,836 1,836 1,752 1,836 1,836 1,752 INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Deposit interest General Investment Fund Education Board Fund National Savings Other 39 4,001 35 39 4,001 35 38 3,766 53 4,075 4,075 3,857 13
an 2nd 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 From 1st Church for Sunday Sch'l From 1st Church for Manse a/c From 1st Church for Property a/c 17,696 17,696 825 17,696 17,696 825 RAISING FUNDS Unrestrlrted Fund5 Restricted Endowment Funds Funds Total 2022 Total 2021 FWO envelopes 170 170 177 170 170 177 CHARITABLE AcfiviTIES Unrestricted Funds Restrirted Endowment Funds Funds Total 2022 Total 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Teaching materials Tots r u5/Bowling running costs Donations to Missions & charities Sunday School running costs Shared expenses with 1st Church 2,465 200 14,660 2,465 200 14,660 3,624 200 8,823 1,338 7,571 788 1,338 7,657 788 12,125 355 4,632 327 9,762 86 12,125 29,535 9,697 39,232 26,722 14
an 2. MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 OTHER EXPENDITURE Unrestrirted Funds Restrirted Endowment Funds Funds Total 2022 Total 2021 Utilities/i nsurance etc. Repairs & Maintenance Bank Fees Other Expenses Purchase of Investments 2,895 138 460 752 1,183 33,354 4,078 33,492 460 752 3,102 3,966 95 631 5,000 4,245 34,537 38,782 12,794 10. FIXED ASSETSIINVESTMENT ASSETS The congregation owns the following Church premises & associated fixtures, fittings and machinery: 1) 2nd Moneymore Presbyterian Church Circular Road, Moneymore, MAGHERAFELT BT45 7PY Insurance value of Building5 and Contents as of 315t October 2022: £ 2,356,855 21 2nd Moneymore Presbyterian Manse 10 Ministers, Walk, Moneymore, MAGHERAFELT BT457QE Insurance value of Buildings and Contents as of 315t October 2022: £ 657,846 The congregation ha5 reviewed the basis on which it prepares it5 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 investments, are disclosed on the Statement of Assets & Liabilities. 15
an 2nd 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 No l General a/c Virgin money deposit 43,448 600 46,513 33,950 12,563 {9,5881 46,423 602 44,048 46,515 33,950 12,565 (9,5881 47,025 Restricted Funds No 2 Sunday School a/c No 5 Choir/Organ a/c No 8 Property a/c No 9 Charitable Objects a/c Tots R Us Bowling club Manse a/c 4,316 896 (18,583) 1,527 788 739 65 5,120 43 939 {4,694} {24,8391 825 1,562 7,571 (1,562) (8251 6,746 195 1,057 687 195 1,001 592 1,282 19,531 1,338 32,975 156) 113,444) 13,349 {11,432) 29,086 44,234 {15,1481 9,588 {16,992) Total 32,616 75,601 78,184 12,583) 30,033 16