FIRST KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN
IRELAND
Trustees Annual Report and Financial Statements
for the year ended 31 December 2024
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 for the year ended 31 December
2024 induding a Statement of Assets and Liabilities as at that date.
REFERENCE AND ADMINisfRATIVE DEfAILS
Flrst Keady Congregation of the Presbyterian Church in Ireland 108 Crosskeys Road, Arma8h BT60 3JU
Re8iStered Charity in Northern Ireland (NIC105665)
CHARITY TRusfEES
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 Colln Monaghan ACCA. 5 Iskeymeadow Road Armagh BT60 3JS
BANKERS
Danske Bank
78 Engllsh Street, Arma8h BT617DH
SOUCITORS
John Taylor Sollcltors
l Mallvlew Terrace, Armagh BT619AN

FIRST KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT (tonvd)
STrUCTURE AND MANAGEMENT
The Klrk Sesslon
The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's
80verning 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 con8regation
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 fvrther 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 con8re8ation including administering all funds and property belonging to the
congre8ation. Members of the Kirk Session are ex-offioo 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 exerase equal votes 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 during 2024.
To be thosen for the office of the eldership in the congregation a person must be a voting member and a
regular attendant on its ordinances. The selettion of those proposed to be called to the office can be
either by the congre8ation or by the Kirk Session. Members are elerted if they obtsin two-thirds of those
who vote.
Presbytery
Under the Presbyterian Church in Ireland form of 8ovemance the corporate oversi8ht of a con8re8ation
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
con8re8ation 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
mlnlsters of con8regations assigned to it by the General Assembly, minsters who have retif ed 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 (convd)
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 judlclal authority, in dealing with all matters
brou8ht 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 conslsts mainly of the active ministers of each congregation, retired mlnsters and a
representatlve elder appointed by the Kirk Session of each con8re8ation.
DESCRIPTION AND PURPOSE
The charitable purpose of the con8regation is the advancement of religion.
First Keady congregation of the Presbyterian Church is a congre8ation 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 con8regations misslon purposes is by the groce of God, to help people of all ages become fully
devotedfollowers of Jesus Christ. Our vision is, by the grace of God, to be on inclusive, welcoming
community of Christ's people of Gll ages, which..
Is Increasingly chararterised by lovefor God, and love ond concern for others,.
is committed to the historic Christian gospel os reveoled in the Bible,.
Is relevant to people of this time and place.
The congregation alms to live out its Mission and Vision as o fomily of God's people by being..
A Covenont Community.. where our relationships ore rooted in the promises of God by livingfoithfully
toward him and toword one another
An Intergenerational Community.. where adults intentionally toke the lead to engoge with, encourage
and nurture younger members to maturity in Christ.
An Outword looking Community.. where we want the blessings of God thot belong to us In the gospel
to become blessings for others beyond the bounds of our community.
As a congregotlon of the Presbyterion Church in Ireland. we believe thot the Blble is the supreme
outhority over oll we do, and thot the Westminster Confession of Foith, olong with the Larger and
Shorter Cotechlsms set out what we understond the Bible teaches on key matters of Christian foith
and prottice.

FIRST KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT (convd)
AcTrvinES AND OWEcllvES
The congregatlon 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
con8re8ation 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
Worshlp 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 seryices during the year we conducted two funeral services and gave thanks for
faithful services and sought to comfort those who had been bereaved during the year,
At 31 December 2024 there were 93 communicant members and 80 of families connetted with the
congregation. The average week attendance at morning worship is 65.
Pastordl 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 PRESBYTERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT (convd)
M15slon and outreach
At a local level the congregation mlssion and outreach included a Hollday Bible Club in July with over 110
primary school a8ed chlldren attendin8. Carol singing in Residential Homes and elderly membefs of the
con8re8ation also took place.
The congre8ation supports the Unlted Appeal for Mission which Is a central fund of the Presbyterian
Church in Ireland. This fund enables con8re8ations to support the wider mission of the denominatlon
and to do mission and outreach on a denominatlonal basls beyond what the con8regatlon could do on its
own. The United Appeal Fund provldes financial support for mission personnel at home and overseas,
assists congregations with the deployment of locally based staff, enables church planting, provldes grant
support for the upkeep of church premlses, assist with the running Costs of Union Theological College,
the Church's training college for ministry students, and financially supports congregation in the afeas of
worship, disclpleship, global mission, outreach, leadership and pastoral care.
The congregation also contributes to the denomination5 annual Sunday School projett, 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 struttures 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 Buildin8s, Belfast, in June.
Property
Work was carried out in the church hall to maintain it to a high standard.
Organlsatlons
The Sunday School meets from September to June at 11am, it was attended by 23 children from a8e 4 to
11 years and they were taught by 5 Sunday School Teachers. A Bible Class takes place at the same time
attended by 8 secondary school young people and they were taught by I teacher. We also have a Bible
Study group for those youn8 adults aged 18 years old and over run at the same time as Sunday School.
On the third Sunday in June a Children and Youn8 People service was led by these young people.
Children's Church operates each Sunday durlng Worship where thlldren a8ed between 4 to 9 receive
biblical education In a more age relevant method.

Presbyterian Women is open to all ladies in the congregatlon, 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 Arma8hbreague and attend visitor nights at
other congregations.
The Temple Bowling Club meet on Friday evenings from Ortober 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
servin8 on committees and helping with organisations and other church attivities.
PUBLIC BENEFfT sfATEMENT
The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its
member5 and the general public by making known the Christian Gospel of the Lord Jesus Christ throu8h
the advancement of religion.
The dirett benefits which flow from the purposes of the Church include the gaining of an understanding
in Christian beliets 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 prartical expressions
of Christian beliefs and standards in the local community such as through the care of those in need
(including the sick. disabled and bereaved).
Generally, the above benefits are delivered locally by congregations and their members, or are
facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by
central resources in almost all cases. 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 indlviduals that the Presbyterian Church in Ireland is in direct 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.
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 Iconvd)
FINANCIAL REVIEW
The congregation's main source of Income is members, contrlbutions through the Weekly Freewill
Offerlng. There were 72 contributors durlng the year (71 in previous year, 20231 donating a totsl of
£55,049 {£47,953 In previous year, 2023)
Total Income of the con8re8ation during the year was £81,927, compared to £97,256 in the previous
year.
Total expenditure was £75,678 up from £61,728 this was due to the fact that the church experienced
cost of livin8 rises particularly in fuel and energy.
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
64(3) of the Charities Att (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 wlth reasonable accuracy at any time its financial
position. They are also responsible for safeguarding the assets of the congregation and hence for takin8
reasonable steps for the prevention and detettion of fraud and other irregularities.
Approved by the Kirk Session at a meeting on 27-05-2025 and signed on its behalf by
Rev lan Abraham
Mr Mark Hawthorne
27-05-2025
27-05-2025

INDEPENDENT EXAMINERS REPORTTO THE TRUSTEE5 OF FIRST KEADY CONGREGATION OFTHE
PRES8YTERIAN CHURCH IN IRELAND
I report on the accounts of the Trust for the year ended 30 December 2024, which are set out
on pages 12 to 18.
Respertlve responslbllltles of charfty trustees and examlner
As the charlty's trustees you are responslble for the preparation of the accounts In
accordance with the Charities Act (Northern Ireland) 2￿8.
It Is my responsibility to:
examine the accounts under section 65 of the Charities Att
follow the procedures laid down in the general Directions given bythe Commission
under section 65(9)(b) of the Charities Att
state whether particular matters have come to myattention.
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)(b) of the Charities ACL
My examination induded a review of the accounting records kept by the charity and a comparison
of the accounts presented with those records. It also induded 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 Art
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accountin8 requirements ofthe Charitie5 Act
4. That there is further information needed for a proper understsndin8 of the accounts to
be reathed.

Presbyter
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Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1)
to (4) listed above and, in connection with following the Directions of the Chaiity
Commission for Northern Ireland, I have found no matters that require drawing to
your attention.
Name: Mr Colin Monaghan ACCA
Relevant professional qualification or
body: ICAI
Address: 5 Iskeymeadow Road Armagh
8T60 3JS
Date:
i /c/z

Presbyter
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FIRsf KEADY (ThE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL Acrivrry (Receipts and Payments Account)
for the year ended 31 Ikcember 2024
Note Unrestrirted
Funds
Restrirted Endowment
Funds
Funds
Total
2024
Total
2023
Receipts
Donations and legaaes
Charitable activities
Other trading activities
Investment Income
Other
9,950
74,394
1,980
3.415
1,042
1,096
88.941
1,980
3.415
1,042
1,096
958
1,062
68,562
13,365
81,927
90.961
Sale of Investments
Sale of fixed assets
Loans Received
Total Receipts
68.562
13,365
81,927
90,961
Payments
Raising funds
Charitable activities
Investment costs
Other
90
75,588
418
71.225
67.686
7,902
67,776
7,902
75.678
71.643
Purchase of Investments
Purchase of fixed assets
L03n Repayments
Totsl Payments
67.776
7.902
75.678
71.643
Net receipts / (payments)
Transfers between fvnds
5,463
6.249
19,318
(2.800)
Net movement in funds
Funds brought forward
(2,014)
222,688
8,263
79,335
6.249
306.403
19.318
287.085
Funds carrfed forward
12
220,674
87.598
4.380
312,652
306.403

Presbyter
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FIRST KEADY (ThE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF ASSEfs AND UABILMES
As at 31 December 2024
Unrestricted
Funds
Restrirted Endowment
Funds
Funds
Total
Funds
2024
Total
Funds
2023
Funds Reconclliation
Bank and Cash at start of year
Net movement in funds
222.688
(2,014)
79,335
8,263
4,380
306,403
6,249
287,085
19,318
Bank and Cash at end of year
202,674
87,598
4,380
312,652
306,043
Bank & Cash Balances
Bank Deposit Accounts
Bank Current Accounts
Cash in Hand
4,380
308,272
4,380
302,023
202,674
87.598
312,652
306,043
OtherAssets
Fixed Assets - Note 10
Church Premises
Fixtures, Fittings & Equipment
Vehicles
Investments- Note 11
1,599,622 1,599,622
15,083
13,579
1,927,357 1.919.604
Llabilities
Loans
Other
1,927,357 1.919,604
Approved by the Kirk Session at a meeting on 2fh May 2025 and signed on its behalf by
[Name] Mr M Hawthorne
[Name]
Rev lan Abraham
[DateJ
[Date]

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FIRST KEADY (ThE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2024
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total Income of the congregation is less than £250,0(Kl the con8re8ation have eletted 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 fvnds 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 restritted or
unrestricted Income funds depending upon the purpose for whith the endowment was established in
the first place.
Restricted funds comprise (a) income from endowments whith is to be expended only on the restritted
purposes intended by the donor and (b) revenue donations or grants for a specific congregational
attivity 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 8eneral purposes.
Designated funds are general funds set aside by the congregation for use in the future.
DONATIONS AND LEGACIES 2024
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2024
Total
2023
Recorded giving:
Loose collections
Donations and gifts
Gift Aid
Legaaes and Appeals
55,049
1.330
8,065
5,741
60,790
1.330
9,992
2,282
63.909
5.404
11,437
8.191
1,927
2,282
64,444
9,950
74.394
88,941

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FIRST KEADY rfHE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTESTO THE ACCOUNTS
31 December 2024
CHARITABLE AcllvmES 2024
Unrestrirted
Funds
Restrfcted Endowment
Funds
Funds
Total
2024
Total
2023
Income from charitable attivities
Fees from weddings and funerals
Fundraising events
Membership fees
Grants
1,980
1,980
1.980
1,980
4. OTHER TRADING ACTIVITIES 2024
Unrestricted
Funds
Restrirted Endowment
Funds
Funds
Total
2024
Totsl
2023
Letting of premises
3,415
3,415
3.205
3.415
3,415
3,205
INVESTMENT INCOME 2024
Unrestrirted
Funds
Restrirted Endowment
Funds
Funds
Total
2024
Total
2023
Deposit interest
General Investment Fund
674
361
361
1.042
1,042
958

Presbyter
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FIRST KEADY (ThE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
31 Dttember 2024
OTHER INCOME 2024
Unrestrlrted
Funds
Restrfrted Endowment
Funds
Funds
Total
2024
Total
2023
Other income:
Armaghbreague's share of
expenses
1,096
1,096
1,062
1,096
1,096
1,062
RAISING FUNDS 2024
Unrestricted
Funds
Restrfcted Endowment
Funds
Funds
Total
2024
Total
2023
FWO envelopes, Advert
Fundraising events
Magazines
90
90
418
90
418
CHARrrABLE AcnvmES 2024
Unrestricted
Funds
Restrlrted Endowment
Funds
Funds
Total
2024
Total
2023
General Assembly Assessments
Presbytery fees
Ministry and support stsff costs
Congregational running expenses
Donations to Missions and
charities
Repairs
7.152
463
38,511
21.560
7,152
463
38.511
21,560
7,902
22,550
23.383
13.999
8,554
7.902
2,259
67.686
7,902
75,588
71.225

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FIRST KEADY (ThE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREIAND
NOTES TO THE ACCOUNTS (convd)
31 December 2024
OTHER EXPENDITURE
Unrestrfcted
Funds
Restrlcted Endowment
Funds
Funds
Total
2024
Total
2023
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 2024
The congregation has the followin8 investments. Amounts are shown at market valuation.
2024
2023
General Investment Fund
15.083
13,579
15,083
13,579

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FIRST KEADY (ThE TEMPLE) CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
31 December 2024
12. FUND BALANCES 2024
Fund
Balance
at start
Receipts Payment Surplus / Transfer
(Def iclt)
Balance
at end
Unrestrirted Funds
General income & expenditure
account
222,688
68,562
67,776
786
(2800)
220,674
222,688
68,562
67.776
(2800)
220,674
Restricted Funds 2024
Repair Fund
Temple/A'8reague Mid Week
Bowling Club
Temple PW
Sunday School
United Appeal
Mission/Appeal Fund
71,052
1,401
124
614
9.281
562
201
381
657
2,205
78
9,281
532
80,333
1,933
125
763
143
30
2(X)
232
1,262
5,005
1,173
149
(605)
(2,800)
(1,095)
2,800
5,396
4,301
79,335
13,365
7.902
5,463
2,800
87,598
Endowment Funds 2024
Bequest and gifts account
4.380
4,380
4,380
4,380
Total
306,403
81,927
75.678
6,249
312,652