Markethill Free Presbyterian Church Trustees. Annual Report Year ended 31 December 2024 The Charity Commission for Northern Ireland Number: 109448 HMRC Charities Reference Number: XR21629
Markethill Free Presbyterian Church References and administrative details Charity Name Markethill Free Presbyterian Church The Charity Commission for Northern 109448 Ireland Number HMRC Charities Reference number XR21629 Trustees Mr A Hopps Mr R E Moffett Mr M Spratt Mr W R Mcmullan Rev A Patterson Contact Address l Tandragee Road Markethill Co Armagh BT60 ITF Independent Exarniner S M Vint & Co.. 8 Newry Rd, Banbridge BT32 3HN Bankers Danke Bank. Donegal Square West, Belfast, BTI 6JS Trustees, Report For the year ended 31 December 2024 The Trustees present their annual report and financial statements for the year ended 31 December 2024. Introduction The Free Presbyterian Church of Ulster came into being on 17th March 1951 as a testimony to the historic faith of Presbyterians that emphasised the inspiration and authority of Scripture against the liberal, rationalist infidelity that had made serious inroads into Presbyterianism in Ireland a5 well as the other main Protestant denominatlOn5. The Free Presbyterian Church of Ulster 15 a worldwide Protestant Reformed denomination consisting of congregations which accept and uphold the Articles of Faith. It is Protestant in its basis. Presbyterian in its government, Reformed in its doctrine. Evan8elistic in its ministry, Fundamentalist in its Stand and defence of the Historic Christian Faith. and subject only to the Lord Jesus Christ as the Great King and only Head of The Church. The Word of God. as contained in the Scriptures of the Old and New Testaments, is its only rule of faith and practice.
Markethill Free Presbyterian Church Articles of Faith The Absolute Authority and Verbal Divine Inspiration of the Old and New Testaments as the Word of God- There is but one living and true God. and in the Godhead there are Three Persons, equal in power and glory, God the Father. God the Son, and God the Holy Ghost: The Eternal Sonship. Virgin Birth and Deity of our Lord and Saviour Jesus Christ- The personality of God the Holy Spirit. and the absolute necessity of His work in Regeneration and Sanctification, and His infilling of the indwelt Believer for power to live and witness for Christ; The Substitutionary death of the Lord Jesus Christ and His Resurrection as the only way of Salvation from sin through Faith: God has 3ppointed besides the Word and Prayer the Sacraments of Baptism and the Lord's Supper- Baptism. The Free Presbyterian Church of Ulster, under Christ the great King and Head of the Church, realises that bitter controversy raging around the ordinance of Christian Baptism has divided the Body of Christ, when that Body should have been united in Christian love and Holy Ghost power to stem the onslaughts and hell- inspired assault5 of modernism, hereby affirms that each mem ber of the Free Presbyterian Church of Ulster shall have liberty to clecide for themselves which course to adopt, each member giving due honour in love to the views held by differing brethren, but none espousing the error of baptismal re£eneration- The Lord's Supper. The Lord's Supper has been appointed by our Lord for Remembrance of Him in His work a5 Saviour. Its purpose to the child of God is for strengthening, and the putting of a visible difference between the redeemed and the unregenerate. This Sacrament will be obseed once each month in every Free Presbyterian Congregation. or more, or less frequently as each local congregation shall decide: and The visible and personal return of Our Lord Jesus Christ. These Articles of Faith, together with the Larger and Shorter Catechisms, and the Westminster Standards form the Subordinate Standards of the Free Presbyterian Church of Ulster. Purpose The Objective of the Church is to promote the advancement of religion in accordance with the Holy Scriptures, the subordinate standards of the Articles of Faith. the Westminster Standards. and the Book of Church Order. Public Benefit This congregation of the Free Presbyterian Church of Ulster meets the public benefit requirement. The Church is established to benefit its members and the general public, both at home and abroad through the advancement of religion. The benefits which flow from its purpose include the holding of public worship and fulfilment of the Great Commission to preach Christ crucified in all the world, the coming of souls to saving faith in Jesus Christ, repentance from sin and the holding to orthodox Bible religiori. Adherence to this framework leacls to spiritual and moral development and widei society living in accordance with God's moral law. It encourage5 demonstrable acts in the world such as fervent evangelism, missionary effort. the establishment of new churches, the instrurtion of students for Christian service. the progress of Christian schooling and the provision of pastoral care, and humanitarian relief. The benefits are further demonstrated through attendance at public worship as well as regular evaluation of activities, informal and ad-hoc feedback from members, theirfamilies, and the general public. The purpose does not lead to harm. The charitvs beneficiaries are the Christian Church and the general public within society in Northern Ireland and wherever across the world the Free Presbyterian Church of Ulster has an opportunity to minister. The only private benefits flowing from this purpose are to those members who would receive reasonable remuneration paid in respect of employment by the Church: those members who may enter into contracts with the Church and receive reasonable payment for goods and services supplied,- where a member may benefit as a stLAdent at our Bible Colleges- or where someone from a memberfs family may benefit as a pupil
Markethill Free Presbyterian Church at a Christian school. These private benefit5 are incidental and necessary to ensure the public benefit is provided to our beneficiaries. Activities and Events Ma rkethill Free Presbyterian Church carries out the following activities The church conducts public worship through the following regular services- Lord's Day morning and evening worship. prayer meetings, Adult Bible Cl355, Sunday School. Weekly Prayer Meeting, Youth Fellowship. Children's meetinES. Missions and holiday Bible Club meetings. Conduct5 Public worship through the followinE special services- Gospel Missions, teaching conferences. special times of prayer. Youth rallies, baptism services and other special meetings. The Elders attend the monthly Presbytery meetings Representatives attend the monthly Missionary Council meetings The Kirk Session interview and accept new communicant members The Kirk Session provide pastoral support for the members and attendees The Kirk Session meet regularly to provide spiritual oversight The Church Committee meets regularly to oversee the financial and practical matters The Church 5UPPOrtS the work of Radio and TV broadcasting through Let the Bible speak and the traininE activities in the Whitefield College of the Bible. Encourages fervent evangelism in the rest of ihe UK through the work of the Mainland Commission and the growing missionary work through the Mission Board and The Free Presbyterian Mission Society Africa. Supports the work of Christian Education through the work of the Education Board. Structure, Governance and Management The Trustees meet on a regular basis to discuss the work of the church. and to make decisions concerning the activities within the church. Matter5 are reported to Church Members at the Annual General Meeting when the Financial Report is given and the Account5 are presented. The Church Committee meets regularly to take delegated responsibility on behalf of the members of the Kirk Se55ion to assist it in managing the Church's finances and assets and in making decisions regard ing the day to day financial and material affairs of the Church. Financial Review The main source of income is from weekly offering5. and voluntarygifts and donations. supplemented by the Use of Gift Aid and the Gift Aid Small Donations Scheme. The total amount received during the year amounted to £91.227, from which total payments in the amount of £76,379 were made, leaving a net surplus of £14.848 for the year compared with a net surplu5 of El,108 in the previous year. Cash funds held at the year end amounled to £31.80612023= £169581. The Church reseNes policy is to accumulate sufficient reserves to provide cover for 12 months operating expenses and future capital projects. Going Concern The trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Church can continue its activities and the financial statements for the year ended 31 December 2024 can be signed off as a going concern.
M8rkethlll Free Presbyterlan Church Sihiemenl of Tru5tees' Ilesponslbiiiiles Tlie Iruslees are responslble lor prepiirlri8 Ilie Truslecis, Icporl and Ilie Ilnanclal slalernefils In accordance wlili èppllc4ible law and Unltcd KlnB(Jom AccounllnB Slandards {Unlled Klngdom Generally Accepted Accounlln8 Pracllcel. The law appllcable to thariiles In Norlhern Iieland requlres the Iruslees to prepare Ilnanclol slalements for each flnanclal year wl)Icli Blve a Irve and lalr vlew of the slate of allalrs ol ihe charlty and of the Incomln8 resources and appllcatlon ol resources of ihe charlty lor ihai flnanclal year. The trustees are fesponslble for keepln8 accountlng records Ihal are sulfklent io show and explaln the Church's transacllons and dlsclose wlth reasonable accuracy al any Ilme the assets and Ilablliiles of the Churth. They are also responslble for safeBuardln8 the assels of the Church and hence for takln8 reasonable step5 for Ihe preveniSon and detectlon ol fraud and olher Irre8ularbtles. The irustees, report was appioved by the Board of Trustees. Trustee Date: 12
Markethill Free Presbyterian Church INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF MARKETHILL FREE PRESBYTERIAN CHURCH I report on the accounts of the charityforthe year ended 31st December 2024 which are set out on pages 7 to 12. Respective responsibilities of Trustees and Examiner As the charity's 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 by the Charity Commission for Northern Ireland under section 6519)Ib) of the Charities Act: and state whether particuLar matters have come to my attention. Basis of Independent Examiner's 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: 1. 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 of the Charities Act 4. Thatthere is furtherinformation needed for a properunderstanding of the accounts to be reached.
Markethill Free Presbyterian Church Independent examiner's statement I have compLeted my examination and have no concerns in respect of the matters (1) 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 drawing to your attention. +Co Thomas Vint FCCA For and behalf of S.M. Vint & Co Chartered Certified Accountants & Registered Auditors 8 Newry Road Banbridge BT323HN 17June 2025
Markethill Free Presbyterian Church Receipts and Payments Account For the year ended 31 December 2024 Unrestricted funds Restrirted funds Total 2024 Note Receipts Volunta Recei ts Offerings and Gifts Bank Interest Other Receipts 67.864 18.630 86.494 355 4,138 4,493 From Charitable Activities Other 240 240 Total Receipts 68.459 22,768 91,227 Payments Cost of Fundraising Cost of Charitable Activities Grants and Donations Governance Costs 56,825 779 1.033 11,572 6,170 68,397 6,949 1,033 Asset and investment purchases Purchase of Fixed Assets Total Payments 58.637 17,742 76,379 Net receipts/(payments) 9,822 5,026 14,848 Transfers between funds Fund surplus/(deficit} for the year 9.822 5,026 14,848 Cash and Bank Reconciliation Balance at start of year Surplu5/ldeficitl this year Cash at bank and in hand at yearend 16,057 9,822 25,879 901 16,958 14.848 31,806 5,026 5.927
Markethill Free Presbyterian Church Statement of Assets and Liabiltties as at 31 December 2024 2024 2023 Note Assets Retained for Church Own Use Manse Church Fixtures and Fittings 555.691 1.802.811 30,000 555,691 1,802,811 30,000 2.388,502 2,388.502 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 31,806 16,958 31,806 16,958 Llabilities Other Loans Net Assets 2.420,308 2,405,460 Represented By Funds Unrestricted fund5 Restricted funds General - Income 25,879 16,057 5.927 2,388,502 901 2,388,502 Capital 2,394,429 2,389,403 Funds at Year End 2A20,308 2,405,460 The financial statements were approved by Ihe Trustees on their behalf by: and signed on Trustee Trustee