an CORRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2023 Registered Charity in Northern Ireland (NIC105639) an CORRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2023 including a Statement of Assets and Liabilities as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Corrick Congregation of the Presbyterian Church in Ireland Dergbrough Road Plumbridge Omagh BT79 8JX Registered Charity in Northern Ireland (NIC1056391 CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were Rev Rodney Thompson Mr Eric Crawford Mr Edmund Allison Mr Robert McPhilemy Mr James Burton Mr Norman Black PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev Rodney Thompson Mr Edmund Allison Mrs Glenda Mcllwaine INDEPENDENT EXAMINER Rodney Hamill 28-30 Old Mountfield Road Omagh, Co. Tyrone BT79 7BJ an CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) BANKERS Danske Bank 5-7 Market Street Omagh BT78 IBN SOLICITORS AF Colhoun 41 Dublin Road Omagh BT78 IHE STRUCTURE AND MANAGEMENT The Kirk Session The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's governing document, The Code, the book of the constitution and government of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the congregations. All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the minister in active duty in the congregation, has no deliberative but only a casting vote. an CORRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) Stated meetings of the Kirk session are held at least twice in each year or as appropriate. To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote. Presbytery Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Corrick congregation of the Presbyterian Church has been assigned to the Omagh Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, ministers who have retired from active duty and an elder appointed by the Kirk Session of the congregation. The General Assembly The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its business. At the end of business it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired minsters and a representative elder appointed by the Kirk Session of each congregation. an CORRICK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {cont'd) DESCRIPTION AND PURPOSE The charitable purpose of the congregation is the advancement of religion. Corrick 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., For the glory of God, to be a place where unsaved people hear the gospel, repent of sin and trust in Christ. where those who have become Christians are biblically equipped to worship and live for God by life and lip; and where gospel outreach to our local communities and the wider world is promoted. With this is mind, our vision is, by the grace of God, to be a congregation which demonstrably 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 blessings of God that belong 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 CORRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) ACTIVITIES AND OBJECTIVES The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is observed on several occasions during the year and 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 conEreEation holds regular bible study meetings and has a wide range of organisations including Sunday School Bible class Holiday bible club (joint with Badoney and Glenelly congregations) Children and youth meeting (joint with Badoney and Glenelly congregations) Creche Bowling Club (joint with Badoney and Glenelly congregations) PW {joint with Badoney and Glenelly congregations) Younger womens group (joint with Badoney and Glenelly congregations) Prayer meetings (joint with Badoney and Glenelly congregations) Bible Study Group (joint with Badoney and Glenelly congregations) ACHIEVEMENTS AND PERFORMANCE Worship and prayer The congregation normally meets for worship each Sunday at 11.10am. During the week the Bible Study 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 acknowledge God's gift of new life at Sacraments of Baptism, conduct marriage services and gave thanks for faithful services and sought to comfort those who had been bereaved during the year. No marriages took place in the church in the year. No baptisms took place in the church in the year. At 31 December 2023 there were 38 communicant members and 38 families connected with the congregation. The normal average weekly attendance at morning worship is 25. 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 and elders. Mission and outreach At a local level the congregation reaches out through the regular preaching of God's Word, special services and the individual friendship evangelism of committed members, together with our youth and children's work. an CORRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {cont'd) 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, 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 contributes to the denominations annual World Development Appeal, Sunday School project and any other special appeals. Presbytery The congregation is normally represented at the regular meetings of Presbytery by our minister and / or one of the elders. This provides an important link between the congregation and the wider structures of the church. General Assembly Each year 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 major repairs or refurbishment projects were carried out on church property during the year. Organisations The Presbyterian Women's Group normally meets monthly, is open to all women of a113 congregations {Corrick, Badoney and Glenelly) and has a varied program. The Younger Women's Group normally meets monthly, draws its membership from all 3 congregations and beyond and explores a wide variety of topics. The Bowling Club normally meets weekly in Badoney Church. Again it draws its membership from all 3 congregations. an CORRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) Our Bible Study Group offers a time of informal Bible teaching and discussion for all 3 congregations. Meetings are normally held once a month and are lead by the minister. Prayer Meetings are also normally held monthly. A digital prayer group was set up as a way of uniting all three congregations in prayer and reaching out to those who may have felt lonely through locl(down and this has continued to be used. Sunday School and Bible classes are normally held for all children of the congregation on a Sunday morning before the weekly church service. Our Children & Youth Meetings (Friday Club and Arise) are normally held at Badoney church on a Friday night. The club draws children and young people from all 3 congregations and the surrounding area for 2 hours of games and bible teachings. For a week during the summer months the joint congregations of Corrick, Badoney and Glenelly normally hold an annual holiday bible club. The week long holiday club is very popular both within the congregations and surrounding area. 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 benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church's subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need lincludinE the sick, disabled and bereaved). an CORRICK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) Generallythe above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular organisations, charities and individual members of the public. The Kirk Session has had regard to the Charity Commissions Public benefit requirement statutory guidance. FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering which totaled £11,8011£11,496 in previous year, 20221. Total Income of the congregation during the year was £26,743 compared to £24,452 in the previous year. Total expenditure increased from £22,904 to £25,740. CORRICK CONGREGATION OF THE PRESBYfERIAN CHURCH IM IRELAND TRU5TEE5 ANNUAL REPORT (cont'd) STATEMENT OF TRUSTEE RE5PONSIBIUTIES Tkio Ti u sloL's J fLJ IL&5pui)gibVLi- fu,r Pa i'PEI i I￿1￿ IIIL, al￿11u￿ l iLJPUi I diid ihL f Iridfl jlal Std ILI￿LSrItS Ik-ILF Lvflgl I'ddtiu Il In dLLuidariLLI 'hiJil ITh dppl iLdblc. |ldVI d1141 IlLJidliy aLLLyled dLLuurili Il¥ yi aLtILL'. AS II'ILJ Lufk¥lÉ'gdlluii's lotrjl iilLOItlLi duLIS 1101 LIxLL'LJd £2JO.OOD. tki4LJ- TrLV5ILJiis havL' L'hL*iILNLI u iidiii SL)clitsn 64{31 of IINLI Qlidrilii*s Acl (N ui tAiiiiii li LJillJGidl 20¥ Its PKÉ•pdli' a l L)(LIIPIs d rntl paiJinL?rit JLLounl d lid sta IL ￿lL.￿lI tsl dSSE*ts aiid lidb ill l I￿ s. 7 F"i{i Ti usl LILIS a rits iosooJiyibP:Lb f (ir kLlÈplii ￿ dd&)r4ualLi aiLOU n l ii)g I'LiUI'iJs I liat dr e guffiLiiial I to 51kuw iTid Ixpldiii il)L* (U21gl LJgatiUli' s li 4risdLlluils a rid disclos"CJ V• illi r"LJigsuridblL). dLLUldiy aL di'iy IKIFlii ils f I￿ld 11 Lial u%jli tsrkn. ThL Y d fL, a IÈ (p ILSYU risilFli. for Sd fL ¥uai dilig IlkL: asiu'ls of IIiL' LOriiKlig¢iliuil artid IiL'IILL. foi Idk41Tr riiasuririb!LI 5tL'PS f or trflÈ' pié¥y&'r)liuil a rid di'loLliQl"i tsf fraud diid otlii*i ¥fiL'gul ￿E"ll1l￿￿. AppftsvL,d by ItkL: Ki I k 5L)SSEoii dl a IilL-Jetl li¥ oil '/r/gt awid (Fil Ils bL,¥iall by RÉ%v R Tliuiiipsori Mc Ed AllhSOII DdlLI'. 81f/z+ '/f/z* io an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF CORRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND I report on the accounts of Corrick Presbyterian Church for the year ended 31 December 2023, which are set out on pages 12 to 18. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible forthe 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 Charites Act Follow the procedures laid down in the general Direction given by the Commission under section 65{9)Ibl of the Charities Act State whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charites Act and my examination was carried out in accordance with the general Directions given by the Charity Commission My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you 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: 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 Charites 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 have no concerns in respect of the matters (l} to {4) listed above and in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention, K]b Rodney Hamill Chartered Accountant 28-30 Old Mountfield Road Omagh, Co. Tyrone BT79 7BJ Date 11 an CORRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Restricted Funds Funds Endowment Funds Total 2023 Total 2022 Receipts Donations and legacies Other trading activities Investment Income 14,203 5,190 3,918 3,402 17,605 5,190 3,948 17,029 3,339 4,084 30 23,311 3,432 26,743 24,452 Sale of Investments Sale of fixed assets Loans Received Total Receipts 23,311 3,432 26,743 24,452 Payments Charitable activities Other 20,384 5,356 25,740 22,904 20,384 5,356 25,740 22,904 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 20,384 5,356 25,740 22,904 Net receipts / {payments) Transfers between funds 2,927 11,868} (1,9241 1,868 1,003 1,548 Net movement in funds 1,059 1561 1,003 1,548 Funds brought forward 94,622 7,432 102,054 100,506 Funds carried forward 95,681 7,376 103,057 102,054 12 CORRIIK CONGREGATION OF THE PRESBYTERIAf4 CHURIH IN IRELAND STATEMENT OF A55ET5 AND LIABILITIE5 AS at 31 DÈternber ID2 Unreslflttèd Furtds Re5tritted Ethdowthènt Fund5 TDtal Funds 2022 Funds 2013 Funds RÉtohcili47tion Baiik aiiid Ld51i ill strlli l ul NLJI iriovL'ri)Liiil Ir"I lurids 94.&22 7,432 156} 102,05 I,rJ03 IUU.5DG Pa rik dnd Ccisl) at LJiid ol VL:af Y5,I81 7.37 IU3,OJT 102.OJ Bamk & Cash Balantes Bdrik DL yusi l Aiiuu ril5 ,.Bdiik.Luri"Ll I"1 I ALlUUlits Ld 511 ii"i Hdr"i Kl IU2,Oall .103,OJ7 102,OJ4 othet A5Sèts Fixi'LI A&sLls- Ntste 6 Ir)vesln)Liwlts - Note 7 IBJ,377 115,993 18 Jf,377 ItJY.493 Llabllitiès Ludris Apprt)VL) tj by tkii Ki I k 5LlSS:oii at J ItiiTr&it iiig iOI} 8 ritl srgnÈLI ui) i I s kJiJli£l If bv Mi Ed Alli5uI) E/s-/' 13 an CORRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 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. 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 ban1( or cash balances. Any other funds, which the congregation holds, in particular investments, are disclosed on the Statement of Assets and Liabilities. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and {b} revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are income funds which are to be spent on the congreEation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. 14 an CORRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Freewill offerings Loose collections Harvest collections Missions and charities Gift Aid Legacies and bequest 11,801 206 11,801 206 946 1,984 2,668 11,496 63 830 1,600 2,425 615 946 1,984 472 2,196 14,203 3,402 17,605 17,029 OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Energy grant DAERA grant Land letting 600 1,269 3,321 600 1,269 3,321 3,339 5,190 5,190 3,339 15 an CORRICK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Deposit interest General Investment Fund 244 3,674 244 3,704 237 3,847 30 3,918 30 3,948 4,084 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and cha rities 3,349 216 8,162 5,157 3,500 3,349 216 8,172 6,299 7,704 2,276 143 7,785 5,228 7,472 10 1,142 4,204 20,384 5,356 25,740 22,904 16 an CORRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 FIXED ASSETS The congregation owns the Church premises situated at Dergbrough Road, Newtownstewart and the associated fixtures, fittings, plant and machinery. These have an insurance value of approximately £288,000. The congregation owns 21.78 hectares of agricultural land. These lands have been valued at circa £90,000. The congregation also have a 2/7 share in the manse, situated at Plumbridge Road, Newtownstewart, which has an approximate insurance value of £361,000 and a 2/7 share in a l acre field valued at circa £8,000. INVESTMENTS The congregation has the following investments. Amounts are shown below at marl