FIRST KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN
IRELAND
Trustees Annual Report and Financial Statements
for the year ended 31 December 2022
Reglstered Charlty In Northern Ireland (NIC105665}

FIRST KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
The Trustees present their Annual Report and Financial Statements forthe year ended 31 December
2022 including a Statement of Assets and Liabilities as at that date.
REFERENCE AND ADMINISTRATIVE DETAILS
First Keady Congregation of the Presbyterian Church in Ireland 108 Crosskeys Road, Armagh BT60 3JU
Registered Charity in Northern Ireland {NIC105665)
CHARITY TRUSTEES
The Charity Trustees who served during the year or who were trustees at the date of this report were
Mr Ronnie Boyd
Mr Robert Brian Clarke
Mr Mark David Hawthorne
PRINCIPAL OFFICE BEARERS
Minister
Clerk of Session
Treasurer
Rev. lan Abraham
Mr Ronnie Boyd
Mr Graeme Black
INDEPENDENT EXAMINER
Mr Colin Monaghan ACCA, 5 lskeymeadow Road Armagh BT60 3JS
BANKERS
Danske Bank
78 English Street, Armagh BT617DH
SOLICITORS
John Taylor Solicitors
l Mallview Terrace, Armagh BT619AN

FIRST KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT (convd)
STRucfuRE 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 Sessions 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 ministers in attive duty in the congregation, has no deliberative but only a casting vote.
Stated meetings of the Kirk session were held five times during 2022.
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. First Keady
congregation of the Presbyterian Church has been assigned to the Armagh 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, minsters who have retired from
active duty and an elder appointed by the Kirk Session of the congregation.

FIRST KEADY CONGREGATION OF THE pREsB￿ER1AN 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 atting 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
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 Keady 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 congregations mission purposes is by the grace of God, to help people of all ages becomefully
devotedfollowers of Jesus Christ. Our vision is, by the grace of God, to be on inclusive, welcoming
community of Christ's people of all ages, which..
is increasingly characterised by lovefor 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 congregotion aims to live out its Mission and Vision as afamily of God's people by being..
A Covenant Community.. where our relationships ore 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 o 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.

FIRST KEADY CONGREGATION OF THE PRESB}￿ER[AN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT Icont'd)
ACTIVITIES AND OBJEcfivES
The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of
the Lords Supper is observed on several occasion5 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
congregation holds regular bible study meetings and has a wide range of organisations including
Sunday School
Presbyterian Women
Holiday Bible Club
Bowling Club
Children's Church
ACHIEVEMENTS AND PERFORMANCE
Worship and prayer
The congregation normally meets for worship each Sunday at 12 noon. 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 conducted two marriage service and gave thanks for
faithful services and sought to comfort those who had been bereaved during the year.
At 31 December 2022 there were 88 communicant members and 79 of families connected with the
congregation. The average week attendance at morning worship is 70.
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. CD recordings of the weekly service are also distributed.

FIRST KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT (cont'd)
Mission and outreach
At a local level the congregation mission and outreach included a Holiday Bible Club in July with over 110
primary school aged children attending. Carol singing in Residential Homes and elderly members of the
congregation also took place.
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 rninistry students, and financially supports congregation in the areas of
worship, discipleship, global mission, outreach, leadership and pastoral care.
The congregation also contributes to the denominations annual Sunday School project, the Children's
Society and the Moderator's Appeal.
It also helped raise funds for Earl Haig Fund and the Newry Hospice.
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
Work was carried out in the church hall to maintain it to a high standard.
Organisations
The Sunday School meets from September to June at 11am, it was attended by 24 children from age 4 to
11 years and they were taught by 4 Sunday School Teachers. A Bible Class takes place at the same time
attended by 9 secondary school young people and they were taught by I teacher. On the third Sunday
in June two Children and Young People services were led by these young people.
Children's Church operates each Sunday during Worship where children aged between 4 to 9 receive
biblical education in a more age relevant method.

Presbyterian Women is open to all ladies in the congregation, it provides the opportunity for women to
have fellowship with each other and to encourage discipleship and to support the local and global
mission of the church. It occasionally joins with the ladies in Armaghbreague and attend visitor nights at
other congregations.
The Temple Bowling Club meet on Friday evenings from October to May, the members play other teams
around the area and also have their own competitions.
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
{includingthe 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 noticeboards,
printed material, press advertisement, websites, and social media or in other way5.
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 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 Commissions Public benefit requirement statutory
guidance.

FIRST KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT (cont'd)
FINANCIAL REVIEW
The congregation's main source of income is members, contributions through the Weekly Freewill
Offering. There were 71 contributors during the year [73 in previous year, 20211 donating a total of
£47,9531£46,695 in previous year, 20211
Total Income of the congregation during the year was £97,256, compared to £69,456 in the previous
year.
Total expenditure was £61,728 down from £61,875 this was due to the fact that the church returned to
Post Covid normality.
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 congregation's total income does not exceed £250,000, the Trustees have elected under Section
64131 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 16-05-2022 and signed on its behalf by
Rev lan Abraham
Mr Mark Hawthorne
16-05-2023
16-05-2023

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF FIRST KEADY CONGREGATION OF THE
PRESBYfERIAN CHURCH IN IRELAND
I report on the accounts of the Trust for the year ended 30 December 2022, which are set out
on pages 12 to 18.
Respective responsibilities of charity trustees and examiner
As the charitvs 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 bythe Commission
under section 65(9)Ib) of the Charities Act
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 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 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 ofthe Charities Act
4. That there is further information needed for a proper understanding of the accounts to
be reached.

an
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (l)
to {41 listed above and, in connection with following the Directions of the Charity
Commission for Northern Ireland, I have found no matters that require drawin8 to
your attention.
Name: Mr Colin Monaghan ACCA
Relevant professional qualification or
body: ICAI
Address: 5 Iskeymeadow Road Armagh
BT60 3JS
Date: 14105/2023
LJ Ifo-/-

an
FIRST KEADY (THE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account)
for the year ended 31 December 2022
Note Unrestricted
Funds
Restrlcted Endowment
Funds
Funds
Total
2022
Total
2021
Receipts
Donations and legacies
Charitable activities
Other trading activities
Investment Income
Other
71,390
16,119
910
87,509
910
93,474
60
1,910
865
947
987
1,190
987
1,190
73,567
17,029
90,596
97,256
Sale of Investments
Sale of fixed assets
Loans Received
Total Recelpts
73,567
17,029
90,596
97,256
Payments
Raising funds
Charitable activities
Other
1,095
63,022
1,095
80,445
299
61,429
17,423
64,117
17,4230
81,540
61,728
Purchase of Investments
Purchase of fixed assets
Loan Repayments
Total Payments
64,117
17,423
81.540
61.728
Net receipts / (payments)
Transfers between funds
9,450
(424)
(394>
424
9,056
35,528
Net movement in funds
Funds brought forward
9,026
206,934
30
66,715
9,056
278,029
35,528
242,502
4,380
Funds carried forward
12
215.960
66,745
4,380
287,085
278,030

Presbyter
an
FIRST KEADY (THE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2022
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
Funds
2022
Total
Funds
2021
Funds Reconcillatlon
Bank and Cash at start of year
Net movement in funds
206,934
9,026
66,715
30
4,380
278,030
9,056
238,683
39,347
Bank and Cash at end of year
215,960
66,745
4,380
287,085
278,030
Bank & Cash Balances
Bank Deposit Accounts
Bank Current Accounts
Cash in Hand
4,380
4,380
282,705
4,380
273,650
215,960
66,745
287,085
278,030
Other Assets
Fixed Assets- Note 10
Church Premises
Fixtures, Fittings & Equipment
Vehicles
Investments- Note 11
1,599,622 1,599,622
12,788
14,554
1,612,410 1,614,176
Liabilitles
Loans
Other
1,899,495 1,892,206
Approved by the Kirk Session at a meeting on 16th May 2023 and signed on its behalf by
[Name]
Rev lan Abraham
[Name] Mr M Hawthorne
IDatel
16105/2023
[Date] 16/05/2023

Presbyter
an
FIRST KEADY (THE TEMPLE) 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 (al incorne 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 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 2022 done
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2022
Total
2021
Recorded giving:
Loose collections
Donations and gifts
Gift Aid
Legacies and Appeals
48,829
3,040
9,649
9,872
4,893
3,510
588
8,038
53,722
6,550
10,237
17,910
51,904
290
36,665
4,615
71,390
17,029
88,419
93,474

an
FIRST KEADY (THE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2022
CHARITABLE AcfiviTIES 2022
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2022
Total
2021
Income from charitable activities
Fees from weddings and funerals
Fundraising events
Membership fees
Grants
910
910
60
910
910
60
4. OTHER TRADING AcfiviTIES 2022
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2022
Total
2021
Letting of premises
1,910
1,910
INVESTMENT INCOME 2022
Unrestricted
Funds
Restrlcted Endowment
Funds
Funds
Total
2022
Total
2021
Deposit interest
General Investment Fund
692
295
692
295
581
284
987
987
865

an
FIRST KEADY (THE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (conVd}
31 December 2022
OTHER INCOME 2022
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2022
Total
2021
Other income:
Armaghbreague's share of
expenses
1,190
1,190
947
1,190
1,190
947
RAISING FUNDS 2022
Unrestricted
Funds
Restrirted Endowment
Funds
Funds
Total
2022
Total
2021
FWO envelopes, Advert
1,095
1,095
299
1,095
1,095
299
CHARITABLE AcfiviTIES 2022
Unrestrlcted
Funds
Restricted Endowment
Funds
Funds
Total
2022
Total
2021
General Assembly Assessments
Presbytery fees
Ministry and support Staff costs
Congregational running expenses
Donations to Missions and
charities
Repairs
4,322
442
34,968
24,385
4,322
442
34,968
25,636
7,135
16,540
433
22,274
16,772
5,400
1,251
7,135
9,037
9,037
64,117
17,423
81,540
61,419

Presbyter
an
FIRST KEADY (THE TEMPLE) CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
31 December 2022
OTHER EXPENDITURE
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2022
Total
2021
Investment properties expenses
10. FIXED ASSETS
The congregation owns the Church premises situated at address of property 108 Crosskeys Road
Armagh BT60 3JU and the associated fixtures, fittings, plant and machinery. These have an insurance
value of £1,277,637.55.
The congregation owns the Church premises situated at 206 Keady Road Armagh BT60 3AH and the
associated fixtures, fittings, plant and machinery. These have an insurance value of £321,984.60.
11. INVESTMENTS Z022
The congregation has the following investments. Amounts are shown at market valuation.
2022
2021
General Investment Fund
12,788
14,554
12,788
14,554

an
FIRST KEADY (THE TEMPLE) CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {cont'd)
31 December 2022
12. FUND BALANCES 2022
Fund
Balance
at start
Receipts
Payment Surplus / Transfer
(Deficit)
Balance
at end
Unrestrlcted Funds
General income & expenditure
account
206,934
73,567
64,117
9,450
{424)
215,960
206,934
73.567
64.117
9.450
{424)
215,960
Restrlcted Funds 2022
Repair Fund
Temple/A'breague mid week
Bowling club
Temple PW
Sunday School
United Appeal
Mission/Appeal Fund
64,144
1,074
64
578
855
8,000
666
9,037
31
(1,037)
635
63,107
1,709
64
287
251
292
928
3,913
3,222
12911
{604)
324
3,489
4,549
424
1,327
1,327
66,715
17,029
17,423
30
424
66.745
Endowment Funds 2022
Bequest and gifts account
4,380
4,380
4,380
4,380
Total
278,029
90,596
81,540
9,056
287,085