FIRST KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2023 Registered Charity in Northern Ireland INIC1056651
FIRST KEADY 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 a5 at that date. REFERENCE AND ADMINISTRATIVE DETAILS First Keady Congregation of the Presbyterian Church in Ireland 108 Ciosskeys Road. Armagh BT 3JU Registered Charity in Northern Ireland INIC105665) 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 15keyrneadow Road Arniagh BT60 3JS BANKERS Danske Bank 78 English Street. Arrnagh BT6170H SOLICITORS John Taylor Solicitors l Mallview Terra, Armagh BT619AN
FIRST KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT Itont'dl STRUCTURE AND MANAGEMENT The Kirk Session The charily trustees of the congregation are the members of its Kirk Session. Under the congregation's governing document, The Code, the book of the con5tilution and governmenl of the Presbyterian Church In Ireland. the Kirk Session seeks lo 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 wrtness 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 rnembers 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 vote5 at meetings. except that the Moderator, the ministers in artive duty in the congregation, has no deliberative but only a casting vote. Stated meetings of the Kirk session were held five times duling 2023. 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 orfice can be either by the con8reg3tion or by the Kirk Session. Members are elected if theyobtain two-thirds of those who vote. Presbytery Under the Presbyterian Church n Ireland form of 8overnance the corporate oversight of a congregation is the responsibility of 3 Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of ihe Presbyierian Church in Ireland. FiT5t Keady congregation of the Presbyterian Church has been assigned to the Armagh Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery conslsts mainly of the artive ministers of congregations a55igned 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 PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {conVdl The General Assembly The General Assembly is the supreme court ofthe 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 durin8 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 artive ministers of each congregation, retired rninsters and 3 representative elder appointed by the Kirk Session of each congre8ation. DESCRIPTION AND PURPOSE The charitable purpose of the con8re8atiDn 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 Refonned Church within the widef body of Christ is grounded in the Scriptures, and exists to love and honour God through fatth 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 devotedlollowers of Jesus Christ. Our vision is, by the groce of God. to be on inclusive, welcoming community of Chn5t s people of oll oge5. which.- 15 increasingly chan7Cterised by lovefor God, ond love ond concernfor others." is commAtted to the historic Chnstion g95pel os reveoled in the Bible,. 15 relevont to people of this time ond place. The congregotion oims to live out its Mission ond Wision os ofomily of God 5 people by beAng.' A Covenant CDmrnunity-- where ourrelationships ore rooted in the promises of God by livingfoithfully toword him ond toword one onother An Intergenerotional Community-. where odult5 intentionally toke the lead to engoge with. encouroge and nurture youngermembers to moturity in Christ. An Outword looking Comrnunity-' where we wont the blessings of God thot belong to us in the gospel to become blessingsfor others beyond the bound5 of our community. As a congregotion of the Pre5byteriun Church in Irelond. we believe thot the Bible is the supreme outhority over oll we do, ond that the Westminster Confession of Foith, olong Wlth the Lorger ond Shorter Cotechisms set out what we under5tond the Bible teaches on key matters of Christianfoith ondproctice.
FIRST KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT Icont'dl ACTIVITIES AND OBJECTIVES The congregation meels for worship every Sunday and visitor5 are welcome to join. The Sacrament of the Lords Supper is observed on several occasions during the year and all those who have been baptlsed and who have made a profession of faith in the Lord Jesus Christ are admilted to the Lord's Supper. The congregation holds regular bible sludy meetings and has a wide range of organisations including Sunday School Pre5byteri3n Women Holiday Bible Club Bowling Club Children's Church ACHIEVEMENTS ANO PERFORMANCE Worship and prayer The congregation normally meets forworship each Sunday at 12 noon. Durin8 the week the Bible Study provides an opportunity for members lo meet together for fellowship. to study the scriptures and for a time of prayer. As well as our regular service5 during the year we conducted two marriage service and gave thanks for faithful seThice5 and sought to comfort those who had been bereaved during the year. At 31 December 2023 there were communicant members and 80 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 PRE5BERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (conyd) Mlsslon and oulreach At a local level Ihe con£regaiion mission and outreach included a Holiday Bible Club in July with over 110 primary school aged children 3ttendinE. Carol singing in Residenti31 Hornes and elderly members of the con8regalion also took place. The congregation supports ihe Uniled Appeal for MissFon vthich is a central fund of the preSberlan Church in Ireland. This fund enables congregations to support the wider mission of the denornin3tion 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 stspport for mission personnel at home and overseas, assists congregations with the deployment of locally based staff. enables church plantin& provides 8rant 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 contributes to the denominations annual Sunday School project. the Children's Society and the Moderato¢5 Appeal. It also helped raise funds for Earl Hai8 Fund and the Newry Hospice. Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and l 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. Propertv 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. itwas attended by 24 children from a8e 4 to 11 years and they were taught by 4 Sunday khool Teachers. A Bible Class take5 place at the same time attended by 13 secondary School young people and they were taught by I teacher. On the third Sundav in June two Children and Young People services were led by these youn8 people. Children'5 Church operates each Sunday during Worship wheie children a8ed between 4 to 9 receive biblical education in a more age relevant method.
Presbyterian Women is open lo 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 visttor nights at oiher con8regations. TheTemple Bowlin8 Club meet on Friday evenings from October to May. the members play other teams around the area and a150 have their own competition5. Volunteers The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helpin8 With organisations and other thurth activities. PUBLIC BENEFITSTATEMEP The Presbyierian Church in Ireland meets the public benefrt requirement by providing benefit to its members and the general public by makin8 known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The dirert 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'5 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 throu8h the care of those in need (including the sick, disabled and bereaved). Generallyj 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 bv central resources in almost all cases. Public access is made known through the use of noticebDards, printed material. press advertisement. websites. and social media or in other way5. The benefits are demonrated through regular evaluation of the services and infomal and ad-hoc feedback from members. their families, and members of the publio The purpose does not lead to harm. The only private benefrt flowing from our purpose is related to Ministers. Missionaries. Oeaconesses. 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. Iheir familie5, Other individuals that the Presbyterian Church in Ireland is in dirert and indirett 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.
FIRST KEADY CONGREGATION OF THE PREsBER1AN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT Icont'dl FINANCIAL REVIEW The congregation's main source of income is members. contributions through the Weekly Freewill Offering. There were 73 contributors during the year171 in previous year, 20221 donating a total of £56.2031£47,953 in previous year, 20221 Total Income of the congregation during the year was £g).%l. compared to £97.256 in the previous year. Total expenditure was £71,634 up from £61,728 this was due to the fact that the church retumed 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 wilh applicable law and generally accepted accounting practice. As the congregation's total income does not exceed £250,IXX). the Trustees have elected under Section 64131 of the Charities Act (Northern Irelandl 208 to prep3re a receipts and payment account and a statement of a55etS and liabilities. The Trustees are responsible for keeping adequate accounting fecords that are sufficient to Show and explain the congregation's transartions and disclose with reasonable accuracy at any time its financial position. They are a150 responsible for safeguarding the assets of the congregation and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Approved by the Kirk Session at a meeting on 1&05-2024 and signed on its beh If by Rev lan Abraham Mr Mark Hawthorne 16-05-2024 1&05-2024
The Klrk Session has had regard to the Charity Commisslons Publlc benefrt requirement statutory guldance.
INOEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF FIRST KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND I report on the accounts ofthe Trust for theyear ended 30 December 2023. thich are set out on pages 12 to 18. Respertive responsibilities of tharity trustees and examlner As ihe charitrfs trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2(Kl8. It is my responsibility to: exaffline the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given bythe Commission under section 651911bl of the Charities Act state whether particular matters have come to myattention. Basis of independent examinerfs rewt 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 Charitv Commission for Northern Ireland under section 6519llbl of the Charities Act. My examination included a review of ihe accounting records kept by the charity and 3 comparison of the account5 presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as tharity 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 sertion 63 of the Charities A 2. That the accounts do not accord with those accountingrecords 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.
Presbyter an Independent examiner's statement I have completed my examination and have no concerns in respett of the matters111 lo141 listed above and, in connection wilh following the Directions of the Charity Commission for Northem Ireland, I have found no matters that require drawing to vour attention. Name.. Mr Colin Monaghan ACCA Relevant professional qualification or body: ICAI Address: 51skeymeadow Road Armagh BT60 3JS Date.. 1410512024
an FIRST KEADY (THE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) for the year ended 31 Decernber 2023 Note Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading artivities Investment Income Other 70.002 18,939 88,941 87.509 910 956 1.062 958 1,062 987 1,190 72.020 18.941 90,961 90,596 Sale of Investments Sale of fixed assets Loans Received Total Receipts 72,020 ,941 90,961 90,596 Payments Raising funds Charitable attivities Other 418 62.671 418 71,225 1.095 80,445 .554 63,089 8,554 71,643 81,540 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 63,089 8,554 71,643 81,540 Net receipts I Ipaymentsl Transfers between funds 8,931 10.387 19,318 9.056 Net movement in funds Funds brought forward 8,931 215.960 10,387 66,745 19,318 287,085 9,056 278,029 4,380 Funds carried forward 12 224,891 77,132 4,380 306.403 287,085
an FIRsf KEADY ITHE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF AsSs ANO LIABIUTIES As at 31 December 2023 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2023 Total Funds 2022 Funds Reconciliation Bank and Cash at start of year Net movement in fijnds 215.960 8,931 66,745 10,387 287,085 19,318 278.030 9.056 Bank and Cash at end ofyear 224.891 77,132 4,380 306.403 287,085 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 4,380 4.380 302.023 4,380 282,705 222.688 79,335 306,403 287,085 Other Assets Fixed Assets- Note 10 Chuich Premises Fixture5, Fittings & Equipment Vehicles Investments- Note 11 1.599.622 1.599,622 13.579 12,788 1,919,604 1.899.495 Liabilities Loans Other 1,919.604 1.899,495
an FIRST KEADY (THE TEMPLE) CONGREGATION OF THE PRES8YfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL sfATEMENTS As the total income of the congre8ation is less than £250.OCK) the congreE3tion 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 fund5 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 unrestrirted income funds depending upon the purpose for which the endowmentwas established in the first place. Restricted funds comprise la} income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donations or 8rants for a specific congregational activity intended by the donor. Where these funds have unspent balances. interest on their pooled investment is apportioned to the individu31 funds on an average balan 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 2023 Unrestricted Funds Restrirted Funds Endowment Funds Total 2023 Total 2022 Recorded giving: Loose collections Donations and gifts GiftAid Legacies and Appeals 56.203 7,706 4,524 1.113 5,596 63,909 5.404 11.437 8,191 53,722 6.550 10.237 17.910 10,324 2,595 70,1)02 18,939 88,941 88,419
an FIRST KEADY (THE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS 31 December 2023 CHARITABLE AcfiviTIES 2023 Unrestrlrted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Income from chaTitable activities Fee5 from weddings and funerals Fundraising events Membership fees Grants 910 910 4. OTHER TRADING ACtIVlTIES 2023 Unre5trirted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Letting of premises INVESTMENT INCOME 2023 Unrestrirted Funds Restrirted Funds Endowment Funds Total 2023 Total 2022 Deposit interest General Investment Fund 672 674 692 295 956 958 987
an FIRST KEADY (THE TEMPLE) CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2023 OTHER INCOME 2023 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Other income: AfmaghbreaEue's share of expenses 1.062 1.062 1,190 1,062 1.062 1.190 RAISING FUNDS 2023 Unrestrirted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 FWO envelopes. Advert 418 418 1,095 418 418 1.095 CHARITABLE AcfiviTIES 2023 Unrestrirted Funds Restrirted Endowment Funds Funds Total 2023 Total 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Repairs 22,550 22,550 480 23,383 13,999 8.554 4,322 442 34,968 25.636 7,135 23.383 13.999 8.554 2.259 2,259 9,037 62.671 8.554 71,225 81.540
Presbyter an FIRsf KEADY (THE TEMPLE) CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 31 December 2023 OTHER EXpENDVRE Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 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 mathinery. 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. INVESfMENTS 2023 The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 Genefal Investment Fund 13,579 12,788 13.579 12,788
an FIRST KEADY (THE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 31 December 2023 12. FUND BALANCES 2023 Fund Balance at start Receipts Payment Surplus l Transfer (Deficit) Balance at end Unrestricted Funds General income & expenditure account 215.960 72,020 63.089 8,931 12,203) 222.688 215,960 72.020 63,089 8,931 (2,203) 222,688 Restricted Funds 2023 Repair Fund Temple/A'breague mid week Bowling club Temple PW Sunday School United Appeal Mission/Appeal Fund 63,107 1.709 8.484 823 260 691 1.118 3.322 4.243 105 1.131 2(K) 364 621 5.959 174 8,379 13081 60 327 497 {2,6371 4.069 (4341 71,OS2 1,401 124 614 748 287 251 2.637 1.327 5,396 66,745 18,941 8.554 10.387 2,203 79,335 Endowment Funds 2023 Bequest and gifts account 4.380 4.380 4,380 4,380 Total 287,085 90,961 71.643 19,318 306.403