Muckamore Congregation of the Presbyterian Church in Ireland
Latest income
£481k
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that total income for the year was £480,702 against total expenditure of £322,902, resulting in a net surplus. The charity holds unrestricted reserves of £193,551, which the Trustees consider prudent given that funding is dependent on ongoing member support. The organization maintains a significant net asset base of £2,907,783, primarily comprised of tangible fixed assets valued at £2,460,416.
What the accounts disclose
Payments to trustees: Rev Stephen McNie received remuneration of £45,644 and pension contributions of £7,989. Jane Hill, a close family member of a trustee, received a salary of £7,454.
“One of the Trustees, Rev Stephen McNie, the minister of the congregation, received remuneration of £45,644(2024: £44,100) and expenses of £866 (2024: £183) for acting in that capacity. Pension contributions of £7,989 (2024: £10,584) were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). None of the other trustees received any remuneration. Jane Hill, a close family member of a trustee, was employed by Muckamore Presbyterian Church during the year, receiving a salary of £7,454 (2024: £6,958).” — page 31
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Trustee remuneration
“One of the Trustees, Rev Stephen McNie, the minister of the congregation, received remuneration of £45,644(2024: £44,100) and expenses of £866 (2024: £183) for acting in that capacity. Pension contributions of £7,989 (2024: £10,584) were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). None of the other trustees received any remuneration.” — page 31
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Trustee family employment
“One of the Trustees, Rev Stephen McNie, the minister of the congregation, received remuneration of £45,644(2024: £44,100) and expenses of £866 (2024: £183) for acting in that capacity. Pension contributions of £7,989 (2024: £10,584) were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). None of the other trustees received any remuneration.” — page 31
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Denominational contributions
“One of the Trustees, Rev Stephen McNie, the minister of the congregation, received remuneration of £45,644(2024: £44,100) and expenses of £866 (2024: £183) for acting in that capacity. Pension contributions of £7,989 (2024: £10,584) were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). None of the other trustees received any remuneration.” — page 31
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Reserves policy: three months of normal expenditure (held: £194k)
“It is the policy of the Trustees to hold at least 3 months’ normal expenditure.”
Per FY2025 accounts as filed with CCNI.
Largest income source: Members' contributions (42% of income)
“The congregation’s main source of income is members’ contributions through the Weekly Freewill Offering. There were 205 (2024: 200) contributors during the year. Total Income of the congregation during the year was £480,702” — page 12
Per FY2025 accounts as filed with CCNI.
Independent examiner: Richard Whan & Co Chartered Accountants Limited
Per FY2025 accounts as filed with CCNI.