Rathfriland Reformed Presb terian hur Trust es Ann ortfo 20 iiRISTI (JIENANT
Rathfriland Reformed Presbyterian Church Trustees Annual Report Contents: 1.Introduction 2.Purpose 3.Structure 4.Activities 5.Public Benefit 6.Financial Situation 7.Useful Information 8.Statement of Trustees Responsibilities , g.Independent Examiners Report to the Trustees 10.Statement of Financial Activity 10 11.Statement of Assets and Liabilities 11 12.Notes to the accounts 12-16
- Introduction This document is the annual report for Rathfriland Refomied Presbyterian Church. Nort1M Ireland Charty Number NIC106596. This report relates to Ihe calendar year 2024.
- Purpose The charitable purpose of the congregation Is the advancement of religion. Rathfriland Reformed Presbyterian Church is a congregation of the Refonned Presbyterian Church of Ireland. The Refomed Presbyterian Church of Ireland exists to honour and worship God and to share the good news of Jesus Chrlst HIS Son.
- Structure Session The Sesslon conslsts of the mlnlster and two Interlm rullng elders. In case of vacancy (where a congr8gatlon has no mlnlster). an acting mlnlster from within the Presbytery (Interim Moderator) is a member of the Session. Elders and ministers are Ghosen by a vole of all communicant members of the ¢ongregalion. Election of elders. calling of ministers and transaction of Session business are carried out In accordan with the 'Code', the Book of Government and Order of the Reformed Presbytedan Church of Ireland. Wider Governance In the Presbyterian fomi of church govemment practlsed by the Refonned Presbyterian Church of Ireland, 8ach local congregatlon belongs to a Presbytery. Rathfriland congregation b8longs to the Southern Presbytery of the Refonned Presbyterian Church of Ireland. The membership of each Presbytery consists of the actlve and retlred mlnisters of the Presbytery, along with a representative eldeT from each member congregatlon. The Presbytery is responsible for the spintual oversight of the congregations withln its care and meets a minimum of four times per year. The highest court of the Reformed Presbyterlan Church Is Its Synod, which consists of the membership of all the presbyteries of the church. The Synod meets at least annually to transact the business brought to It by its constituent presbyterles and Synodical comrnittees.
Committee Members The commtttee members are responsible for the temporal affairs of the congregation, including matters related to Ihe finances arKI property of the church. Committee members are el8Cted by a vote of all communicant members of the congregation and are accountable to Session for their activities. Volunteers The congregation relies on th8 generosty of volunteers in giving their time to assist with a range of aGtivilies in the church, including work with children and young people, provision of hospitslity, raising the Singing and man8gemenl of the audlo mlnlstry. Activities Public Worship Within the period covered by this report, Rathfriland Ref0rn8d Presbyterian Church has provided public worship services for instruclSon and devotion, held regulady at 12.00 Noon and when advised at 7.00pm In the evenirvJ, which are open to all. A midwéék meeting was also held as advised arKJ these meetings were laken by the Rev. Nlgel Agnew and the Rev. Bary Galbraith. The work of the Sabbath School carrled on each Sunday and vrds led by our three Sabbath School teachers Mrs. Janice Bell, Mrs. Felicity Henning and Mrs. Ashley Bell. The Women's Fellowshlp contlnued durlng the year with Bible studies and various other actNltles. This was well supported by the ladies of Ihe congTegatlon. Pastoral Work For the first half of 2024 home visitation carrled out by Rev Peter Dundee and the Rev Barry Galbralth in tho second half of the year. Denominational Activity Representatives of the church Session attended Presbytery meetlngs regularly, and the annual denominational Synod. Contributions were made to central Synodical funds for general expenses (such as training of ministers and youth work).
Outreach and Mission As noted above, natlonwide and overseas mission work was supported financlally through contributions to denominational funds {Refornied Presbyterian Misslons). Financial Support Youth Work Instruction of children and young people in meetings of Sunday School, Bible Class and church services as well as opportunities for informal f811owship. All leaders and volunteers in the youth work have gone Ihrough AcsS Nl vatting. Church Property The church property is in good condition afler the completlon of renovation work and work carried out to meet health and safety and disabled access requirements. Regular cleanlng of the Meeting house and hall took place, along wlth upkeep of the church grounds and malntenance as required. Recordings The services of worship are recorded and are accessible via CD'S. These recordings provlde access to the pulpit ministry to those who are un8ble to attend public worship due to ill health or other circumstances. 5. Public Benefit Rathfriland Reformed Presbyterian Church meets the public benefit requiremenl by providing a place forworship (through weekly ServIS of worship and other meetings), by increasing awareness and understanding of religious beliefs (through public preaching from the Holy Scriptures, literature distribution, pastoral counselling and youth work), and by engaglng in and supporting missionary and outreach work in the Rathfriland area and overseas. The work of the church In fulfillment of tts purpose does not lead to harm. The only private benefrt is for Ministers and others who may receive benefit as a result of their employment. Such benefit is incidental to the work and purpose of the congregation. The Charlty Trustees hav8 had regard lo the Public Benellt to the Charity Commission's Publlc Benefit ststutory guidance.
- Financial Situation The congregation's main source of Income is members contributions through the weekly Freewill Offerlng. Totsl recelpts In the year were £31,410 (£33,839). Total income of Gongregation during the year was £97,283 compared to £78,610 in the prevbus year. Total expenditure decreased to £83.361 from £239,586 In the prevlous year.
- Useful Information Contact Details Rathfriland Refomed Presbyterlan Church % Mr. Ray Morrison (Trustee) 10 Castle Field5 Rathfriland BT34 5BN 028 40630237 Charity Trustees Rev. Joey Dunlap Mr. Ray Morrison Bankers Ulster Bank 22 Bridge Street Banbridge BT32 3JT Solicitors Flsher & Fisher 1 Newry Str8et Rathfrlland BT34 SPY
Independent Examiners S.M. Vint & Co. 8 Newry Street Banbridge BT32 3HN 8. Statement of Trustees 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. The Twstees 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 positlon. 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 iThegularities. As the congregation's income does not exceed £250,000, the Trustees have e18Cted under Seclion 64{3) of the Charities Act (Northern Ireland) 2008 to ppare a reiptS and payments account and a statement of assets and liabilities. Trustée I r41St•F ev Joey Dunlap Ray Morrison
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF RATHFRILAND CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND I report on the accounts of the charity forthe year ended 31st December 2024 whlch are set out on pages 10 to 16. Respective responslbllltles of 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 Dlrectlons given by the Charity Commlsslon for Northem Ireland under section 65{91(b) of the Charities Act; and state whether particular matter5 have come to my attention. Basls of Independent Examiner's report I have examined your charlty accounts as requlred under section 65 of the Charlties 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 Charltles 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 disc105ures in the accounts, and seeking explanatlons from you as charity trustees concernlng any such matters. My role is to state whether any material matters have come to rny attention givlng me cause to belleve: l. That accountlng records were not kept In accordance with sectlon 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the account5 do not comply wlth the accounting requlrements of the Charities Act 4. That there Is further Information needed for a proper understanding of the accounts to be reached.
Independent examlner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. B. Magennis FCCA FCA For and behalf of S.M. Vint & Co Chartered Certified Accountants & Reg15tered Auditors 8 Newry Road Banbridge BT32 3HN 24° Aprfl 2025
RATHFRILAND CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND STATEMENT OF FINANCIAL AcllviTY {Recelpts and Payments Account) For the year ended 31 December 2024 Note Unrestricted Funds Re5trlrted Endowment Funds Funds Total 2024 Total 2023 Recelpts Donations and legacie5 Charitable activities Other tradlng actlvltles Investment Income Other 83,130 7,918 1,072 91,048 1,072 3,152 1.456 555 51,045 1,066 1,100 809 24,590 3,152 1,446 555 10 88,283 9,000 97,283 78,610 169,362 Transfer from Investments 11 Total Receipts 88,283 9,000 97.283 247,972 Payments Raising funds Charitable activities Other 23,985 9,376 33,361 61,098 23,250 23,985 50,000 9,376 33,361 50.000 Purchase of Investments Purchase of fixed assets 155,238 Total Payments 73,985 9,376 83,361 239,586 Net receipts / (payments) Transfer5 between funds 14,298 (532) {376} 532 13,922 8,386 Net movement in funds Funds brought forward 13,766 58,047 156 1,777 13,922 59,824 8,386 51,438 Funds carried forward 12 71,813 1,933 73,746 59,824 10
RATHFRILAND CONGREGATION OFTHE REFORMED PRESBYTERIAN CHURCH OF IRELAND STATEMENT OF ASSEfs AND LIABIUTIES As at 31 December 2024 Unrestricted Funds Restrirted Endowment Funds Funds Total Funds 2024 Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 58,047 13,766 1,777 156 59,824 13,922 51,438 8.386 Bank and Cash at end of year 71,813 1,933 73,746 59,824 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 73,746 59,824 73,746 59,824 Other Assets Fixed Assets- Note 10 Church Premises Property Investments- Note 11 1,505,000 1,400,000 215,000 155,238 80,504 30,166 1,800.504 1,585,404 Liabilities Loans Other th Approved by the Kirk Session at a meeting on 24 April 2025 and signed on its behalf by: Rev. Joey Dunlap Ray Morrison Minister LierK or >ession 11
RATHFRILAND REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TOTHE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENT5 As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charitie5 (Accounts and Reports Regulations {Northern Irelandl 2015 to prepare it5 accounts on a receipts and payrnent5 basis. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or atthe congregation's discretlon; the income derived from the endowment is to be used elther as restricted or unrestricted income funds depending upon the purpose for which the endowment was establlshed in the flrst place. Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are income funds which are to be spent on the congrÈgation's general purposes. Designated fund5 are 8eneral funds set aslde by the congregation for use in the future. DONATIONSAND LEGACIES Unrestrlrted Funds Restrirted Endowment Funds Funds Total 2024 Total 2023 Recorded glving: Loose collections Donations and gifts Gift Aid Legacies and bequest 470 31,410 6,909 44,341 470 37,937 8,300 44.341 557 42,321 8,167 6,527 1,391 83,130 7,918 91,048 51,045 12
RATHFRILAND CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unre5trirted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Income from charltable activities 1,072 1,072 1,066 1,072 1,072 1,066 4. OTHER TRADING ACTIVITIES Unrestricted Restricted Endowment Funds Fund5 Funds Totsl 2024 Totsl 2023 Letting of prernises 3,152 3,152 1,100 3,152 3,152 1.100 5. INVESTMENT INCOME Unrestrirted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Deposit interest Other investment income 17 1,429 10 27 1,429 26 783 1,446 10 1,456 809 13
RATHFRILAND CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 Dernber 2024 OTHER INCOME unrestricted Funds Restrirted Endowment Funds Funds Total 2024 Total 2023 House Deposit Returned Power Nl- EBSS AFP NI Other income 23,250 1,200 140 555 555 555 555 24,590 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 FWO envelopes Fundraising events CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Donations to Synodical & Missions Minlstry and support staff costs Congregational running expenses Donations to Charities Governance costs Fundraising Events 2,257 11,073 9,425 30 1.200 7,223 9.480 11.073 10,883 725 1,200 8,127 42,537 7,915 1,519 1,000 1,458 695 23,985 9.376 33,361 61,098 14
RATHFRIALND CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS Icont'd) 31 December 2024 OTHER EXPENDITURE Unrestrlrted Funds Restrlcted Endowment Funds Fund5 Totsl 2024 Total 2023 Investment properties expenses House Deposlt 23,250 23,250 10. FIXED ASSETS The congregation owns the Church premises situated at Castle Street, Rathfriland, 8T34 5QR together with the associated flxtures and fittings. These have an insurance value of £1,505,00D. The residential property also owned by the Church has an insurance value of £215,000. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 General Investment Fund Property Other investments 80,504 30,166 80,504 30,166 15
RATHFRILAND CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACcourS {cont'd) 31 December 2024 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Defl¢ltl Balance at end Unrestrirted Funds General Fund 58,047 88,283 73,985 14,298 {532) 71,813 58,047 88,283 73,985 14,298 {532) 71,813 Restricted Funds Repair Fund Cong. Organisational Funds Mission and Charities Fund 1,777 1,082 7,918 1,458 7,918 (376) 532 1,933 1,777 9,000 9,376 (376> 532 1,933 Endowment Funds Total 59,824 97.283 83,361 13,922 73,746 16