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 pREsBER1AN 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