an SECOND 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 (NICIO5637)
an SECOND MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2024 including a Statement of Assets and Liabilities as at that date. REFERENCE AND ADMINISTRATIVE DETAILS SECOND MONEYMORE congregation of the Presbyterian Church in Ireland Stonard Street Moneymore Magherafelt BT45 7PY Registered Charity in Northern Ireland (NIC105637) CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of thi5 report were Alastair Anderson David Anderson James Atkinson Derek Davison John Mccullough Sylvia Mcmenemy Rev Jonathan Sloan PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev J Sloan David Anderson Derek Davi50n INDEPENDENT EXAMINER Weir & Co Chartered Accountants, 25 High Street, Moneymore, Moneymore, BT45 7PA BANKERS Danske Bank, 38 James Street, Cookstown. BT80 8LX SOLICITORS None
an SECOND MONEYMORE CONGREGATION OF THE PRESBITERIAN CHURCH IN IRELAND 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 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 congregation5 assigned to it bythe 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 an elder appointed by the Kirk Session of the congregation.
an SECOND 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 dis501ved. 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. Second 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 Scripture5 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 blessing5 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 SECOND MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) AcfiviTIES AND OBJEcfivES 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 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 organisations including: -sunday School and Bible Cla55 -Children's Church -Boys Brigade (3 sections} -Mothels 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. At 31st December 2024 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.
an 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 provide5 financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church plantingi 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.
an SECOND MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) Organi5atlons 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 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 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.
an SECOND 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 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 standards, (the Westminster Confession of Faith and the Shorter and Larger Catechisms} leadingto 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. Publlc 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 member5, 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, Deaconesse5, 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.
an SECOND MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {cont'd) FINANCIAL REVIEW The congregation's main source of income is member's contributions through the Weekly Freewill Offering. There were approximately 69 contributors during the year in 2024 (65 in 2023) donating a total of £31,863 (£30,392 in 20231. Total income of the congregation during the year was £73,944, compared to £67,996 in the previous year. Total expenditure increased to £75,914 from £64,532, an increase of £11,382. 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 liabilitie5. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the congregation's transaction5 and disclose with reasonable accuracy at any time its financial position. They are also responsible for 5afe8uarding the assets of the congregation and hence fortaking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Kirk Session at a meeting on 29 October 2025 and signed on its behalf by Rev J Sloan David Anderson
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 Congregation of the Presbyterian Church in Ireland for the year ended 31st December 2024. which are set out on pages 11 to 17. 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 6519) Ibl of the Charities 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 65191 Ibl 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 disclosures in the accounts, and seeking explanation5 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 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 areas (11 to131 listed above. Incomplete records have been kept for recreational accounts, monie5, totalling £1,107 in receipts and £1,101 in payments. This has arisen due to a lack of preparation by the recreational groups within the church for the filing of accounts. In connection with matter141 and in following the Directions of the Charity Commission for Northern Irel nd, I have found no matters that require drawing to your attention. Slgned: O'IV Date: Seamus O'Neill FCA Weir & Co. Chartered Accountants, 23 High Street, Moneymore, BT45 7PA. 10
an 2nd 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 Restricted Funds Endowment Funds Total 2024 Total 2023 Recelpts Donations and legacies Charitable activities Other trading activities Investment Income Other 45,300 7,362 3,350 3,710 52,662 3,350 3,710 7,402 6,820 56,946 3,365 3,710 3,975 7,402 6,820 Total Receipts 52,702 21,242 73,944 67,996 Payments Raising funds Charitable activities Other 173 41,411 3,540 173 49,052 26,689 173 53,113 11,247 7,641 23,149 Total Payments 45,124 30,790 75,914 64,532 Net receipts / {payments) Transfers between funds Transfer in 7,578 (11,626) {9,548} 11,626 (1,9701 3,464 Net movement in funds Funds brought forward (4,048} 35,994 2,078 12,497) (1,970} 33,497 3,464 30,033 Funds carried forward 11 31,946 {4191 31,527 33,497 11
an 2nd MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As 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 35,994 14,048) {2,497) 2,078 33,497 (1,970) 30,033 3,464 Bank and Cash at end of year 31,946 {419) 31,527 33,497 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts 612 30,915 605 32,892 31,527 33,497 Other Assets Fixed Assets- Note 10 Church Premises/contents Manse/contents Investment Assets Investment funds 2,554,568 707,185 2,533,619 707,185 158,061 158,061 Gift Aid receivable on donations 4,847 7,061 3,424,661 3,405,926 Llabilities Approved by the Kirk Session at a meeting on 29 October 2025 and signed on its behalf by David Anderson Rev. J Sloan Derek A Davison 12
an 2nd 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 (Account5 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 fund5 depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise lal income from endowments which is to be expended only on the restricted purposes intended by the donor and Ib) 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 ba51S. 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 Unrestrlcted Funds Restricted Fund5 Endowment Fund5 Total 2024 Total 2023 Recorded giving: Loose collections Donations and gifts Gift Aid 840 37,438 7,022 840 44,800 7,022 970 48,666 7,310 7,362 45,300 7,362 52,662 56,946 13
an 2nd MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Funds Restrirted Endowment Funds Funds Total 2024 Total 2023 Income from charitable activities 3,350 3,350 3,365 3,350 3,350 3,365 OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Letting of Manse lands 3,710 3,710 3,710 3,710 3,710 3,710 INVESTMENT INCOME Unrestricted Funds Restrirted Funds Endowment Funds Total 2024 Total 2023 Deposit interest General Investment Fund Education Board Fund National Savings Other 46 4,920 2,436 46 4,920 2,436 73 3,865 37 7,402 7,402 3,975 14
an 2nd MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 31 December 2024 OTHER INCOME Unrestricted Funds Re5trirted Funds Endowment Funds Total 2024 Total 2023 From 1st Church for Sunday Sch'l From 1st Church for Manse a/c NIE rebate 6,770 50 6,770 50 6,820 6,820 RAISING FUNDS Unrestrirted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 FWO envelopes 173 173 173 173 173 173 CHARITABLE ACTIVITIES Unrestrirted Funds Restricted Endowment Fund5 Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Teaching materials Tots r us/Bowling running costs Donations to Missions & charities Sunday School running costs Shared expenses with 1st Church 2,685 242 28,215 2,685 242 28,215 253 1,101 5,452 1,781 9,323 2,442 200 26,832 120 1,338 6,135 868 15,178 253 1,101 4,506 1,781 946 9,323 41,411 7,641 49,052 53,113 15
an 2nd MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restrirted Funds Endowment Funds Total 2024 Total 2023 Uti l ities/insu rance etc. Repairs & Maintenance Bank Fees Other Expenses Purchase of Investments 2,225 33 459 823 1,298 21,851 3,523 21,884 459 823 3,782 6,257 447 761 3,540 23,149 26,689 11,247 10. FIXED ASSETs/INVESTMENT ASSETS The congregation owns the following Church premises & associated fixtures, fittings and machinery: 1} 2. Moneymore Presbyterian Church Circular Road, Moneymore, MAGHERAFELT BT45 7PY st Insurance value of Building5 and Contents a5 of 31 October 2024: £ 2,554,568 2) 2nd Moneymore Presbyterian Manse 10 Ministers, Walk, Moneymore, MAGHERAFELT BT457QE Insurance value of Buildings and Contents as of 31st October 2024: £ 707,185 The congregatlon 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 investments, are disclosed on the Statement of Assets & Liabilities. 16
an 2nd MONEYMORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 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 35,389 605 52,695 45,124 7,571 (11,626) 31,334 612 35,994 52,702 45,124 7,578 {11,626} 31,946 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 6,360 863 {14,538} 2,243 1,781 462 80 6,902 470 1,333 5,247 (10,589} 721 1,298 4,506 253 1,101 21,851 11,298) (721) 74 3,785 327 1,107 13,780 195 983 3,640 269 989 677 18,071) 5,108 (2,497) 21,242 30,790 19,548) 11,626 1419} Total 33,497 73,944 75,914 11,9701 31,527 17