DUNDONALD PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
STATEMENT OF FINANCIAL ACTIVITY FOR YEAR ENDED 31 DECEMBER 2024
Total
Fund5
2024
Total
Fund5
2023
Notes
Unrestricted
Funds
Restricted
Funds
Income from .
Donations
Charitable activities
Building Fund
Other Income
69,898
69.898
250,648
48,629
3,802
82,873
335,448
63,141
250,648
48,629
3,802
Total
250,648
122,329
372,977
481,462
Expenditure on
Charitable activities
Interest on loans
223,178
149,051
372,229
323,065
Total
223,178
149,051
372,229
325,065
5urplus/Deficit
27,470
126,7221
748
158,397
Net gain on investments
291
291
46
Net Income / (expenditure)
27,761
126,7221
1,039
158,443
Transfers between fund5
Net movement in funds
Reconcil iation of funds:
Total funds brought forward
420,849
1,921,773 2,342,622 2,184,179
Total funds carried forward
448,610
1,895,051 2,343,661 2,342.622
io

DUNDONALD PRESBYTERIAN CHURCH
A Congregation of the Presbyterlan Church in Ireland
BALANCE SHEET
As at 31st December 2024
Total
Funds Total Funds
2024
2023
Notes
Unrestricted Restricted
Funds
Funds
Fixed assets
Tangible assets
Investments
Total fixed assets
1,678,569
1,678,569
2,442
1,681,011
1,717,469
2,151
1,719,620
2,442
2,442
1,678,569
Current assets
Debtors
26,031
12,612
38,643
102,770
Cash at Bank and in hand
422,297
205,870
628,167
524,272
Total current assets
448,328
218,482
666,810
627,042
Liabllitles
Creditors.. Amounts falling due
within one year
12,1601
12,0001
14, 1601
14,0401
Net current assets or Ilabilities
446,168
-216,482
662,650
623,002
Total assets less current
Ilabilitles
448,610
1,895,051
2,343,661
2,342,622
Credltors.. amounts falling due
after more than one year
Total net assets or liablllties
448,610
1,895,051
2,343,661
2.342,622
Fund5 of the Charlty
Restricted Funds
Tangible Fixed a55ets
Unrestricted Funds
216,482
1,678,569
216,482
1,678,569
448,610
204,304
1,717,469
420,849
448,610
448,610
1,895,051
Approved by Kirk Se55ion at a meeting on 17 June 2025 and signed on its behalf by..
2,343,661
2.342,622
Chris Te
Trustee
William Mccu
Trustee
li

DUNDONALD PRESBYTERIAN CHURCH
A congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2024
I. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
The financial statements have been prepared In accordance wlth Accounting and Reporting bv
Charities: Statement of Recommended Practice applicable to charitiés preparing their account5 in
accordance with Fi nancial Reporting Standard applicable in the U K and Ireland {FRS1021 leffective I
January 20151.
The financial statements have been prepared under the historical cost convention except for
investment assets, which are shown at market value. The financial statements include all transactions,
assets and liabilities for which the congregation is responsible in law. They do not include the accounts
of church groups that owe their affiliation to another body, nor those that are informal gatherings of
church members.
FUND ACCOUNTING
Endowment funds 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 unrestricted income funds depending upon the purpose for which the endowment was established
in the first place.
Restricted funds comprise (al income from endowments which is to be expended only on the
restricted purposes intended by the donor and Ibl 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 congregation's general purposes.
Designated funds are general funds set aside by the congregation for use in the future.
12

DUNDONALD PRESBYTERIAN CHURCH
A congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2024
I. ACCOUNTING POLICIES Icont'd)
INCOMING RESOURCES
(i) Recognition of incoming resources
These are included in the Statement of Financial Activities {SoFAI when,.
the congregation becomes entitled to the resources;
the trustees are vi rtually certain they will receive the resources; and
the monetary value ca n be measured with sufficient rel iably.
(li) Incoming resources wlth related expenditure
Where incoming resou rces have related expenditure las with fundraisi ng income} the incoming
resources and related expenditure are reported gross in the SOFA.
liiil Grants and donations
Grants and donations are only included in the SOFA when the congregation has unconditional
entitlement to the reso u rces.
(iv) Tax reclaims on donations and glfts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which
they relate.
{v) Contractual income and performance related grants
This is only included in the SOFA oncethe related goods or services have been delivered.
(vi) Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount
actually realised. Gift5 in kind for sale or distribution are included in the accounts as gifts only when
sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as
incoming resources when receivable.
13

DUNDONALD PRESBYfERIAN CHURCH
A congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2024
I. ACCOUNTING POLICIES (cont'd)
(viil Donated services and facilities
These are only included in incoming resources (with an equlvalent amount in resources expended)
where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed
on these resources 15 the estimated value to the charity of the service or facility received.
Iviii) Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the
trustees, annual report.
(ix) Investment income
This is included in the accounts when receivable.
{x) Investment gains and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing
investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
(xi) Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the
congregation to pay out resources.
(xii) Governance costs
These are shown within charitable activities and include the costs of preparation and examination of
accounts. the costs of trustee meetings and cost of any legal advice to trustees on governance or
constitutional matters.
(xiii) Grants with performance conditlons
Where the charity gives a grant with conditions for its payment being a specific level of service or
output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has
provided the specified service or output.
14

DUNDONALD PRESBYTERIAN CHURCH
A congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2024
I. ACCOUNTING POLICIES (cont'd)
{xiv) Grants payable without performance conditions
These are only recognised in the accounts when a commitment has been made and there are no
conditions to be met relating to the grant which remain in the control of the charity.
ASSETS
(xv) Tangible Fixed Assets
Tangible fixed asset5 for use by charity are capitalised if they can be used for more than one year, and
cost at least £2,500. They a re va lued at C05t or, if gifted, at the value to the cha rity on receipt.
Depreciation is recorded on all ta ngible fixed assets other than freehold land, at rates calculated to
write of the cast, less esti mated residual value, of each asset over its expected usef ul life as follows
Buildings..
over 50 years
{xvi) Investments
Investments quoted on a recognised stock exchange are valued at m3rket value atthe year end. Other
investment assets are i ncluded at trustees, best estimate of market value.
15

DUNDONALD PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31st December 2024
2. INCOME
Total
Funds
2024
Total
Funds
2023
Unrestricted
Funds
Restricted
Fund5
Weekly freewill offering
Loose collections
Gift Aid
Miscellaneous income
Building fund
183,495
2,983
47,961
120
183,495
2,983
65,626
875
48,629
186,725
3,414
60,710
923
63,141
17,665
755
48,629
Mission support
Remembrance Day donations
Donations for PCI funds
Donations for Heat & Light
Bank interest
Property Rents
NIE Wayleave
Insurance claim (storm)
Legacies {unallocl
nclusion of Mission account
35,188
326
15,964
35,188
326
27,038
loo
15,027
3,590
3,903
7,340
li
15,964
3,400
5,897
6,780
12
3,400
5,897
6,780
12
3,802
3,802
94,763
14,777
250,648
122,329
372,977
481,462
16

DUNDONALD PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31st December 2024
3. EXPENDITURE ON CHARITABLE ACTIVITIES
Total
Funds
2024
Total
Funds
2023
Unrestricted
Funds
Restricted
Funds
PCI Assessments
Ministry and support staff costs
Congregational running expenses
Building Fund expenditure
Donations to Missions & Charities
Independent examination fee
Depreciation
17.048
134,938
69,032
17.048
134,938
69,032
52,720
57,431
2,160
38,900
18,742
118,257
74,628
19,374
51,124
2,040
38,900
52.720
57,431
2,160
38,900
223,178
149,051
372,229
323,06S
4. TANGIBLE FIXED ASSETS
Cost or valuation
At start of year
Additions
1,945,194
1,945,194
At end ofyear
1,945,194
1,945,194
Depreciation
At start ofyear
Provision for year
227,725
38,900
227,725
38.900
At end of year
266,625
266,625
Net Book Value
At end of year
1,678,569
1,678,569
At start of year
1,717,469
1,717,469
17

DUNDONALD PRESB￿ERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31" December 2024
5. DEBTORS
2024
2023
Gift Aid recoverable
Legacy
38,643
18,007
84,763
38,643
102,770
6. CASH AT BANK
Ulster Bank Number l Account
Ulster Bank standing order account
Ulster Bank Number 2 Account
403,638
222,801
1,728
320,380
199,643
4,249
628,167
524,272
7. CREDITORS: FALLING DUE WITHIN ONE YEAR
Accruals
Other creditors
Interest free loans f rom congregation
2,160
2,040
2,000
2,000
4,160
4,040
8. CREDITORS: FALLING DUE AFTER ONE YEAR
2024
2023
18

DUNDONALD PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31. December 2024
9. RECONCILIATION OF FUNDS
Balance at
start
Income
Expend.
Transfer
Balance at
end
Unrestricted Funds
General Fund
420,849
250,939
1223,1781
448,610
420,849
250,939
1223, 1781
448,610
Restrlcted Funds
Fixed asset fund
Other restricted f unds
1,717,469
204,304
{38,9001
1110,1511
1,678,569
216,482
122,329
1,921,773
122,329
1149,0511
1,895,05L
Total Funds
2,342,622
373,268
(372,229)
2,343,661
10. STAFF COSTS
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
Pension contribution by congregation
Other employee benefits
101,365
7,962
687
12,496
12,574
92,049
6,581
776
11,902
6,701
135,084
118,009
The average head count of employees during the year was 4 {2023.. 41.
No employee received employee benefits of more than £60,000 duringthe year12023'. Nill.
19

DUNDONALD PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31" December 2024
11. PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme
120091. This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity.
The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the
employer's pension contribution for the Scheme and based on the stipend paid to the minister. The
Presbyterian Church in Ireland Pension Scheme120091 is a funded Scheme of the def ined benefit type,
providing defined benef its based on career average revalued salary. The Scheme has asset5 held in a
separately administered fund managed by a board of trustees. The Presbyterian Church and the
Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet
current and future obligations. A formal schedule of contributions was drawn up on 25 November
2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24°A
of pensionable salaries to cover the accru31 of benefits for future service, expenses, the cost of insuring
death in service benefits and funding the scheme def icit.
The contributions made by the congregation during the year were
2024
2023
12,496
11,902
The congregation operates a defined pension contribution policy for other employees.
The scheme and its assets are held by an independent scheme manager, in thi5 case NEST.
The pension charge represents the contributions paid by the congregation during the year.
2024
2023
Contrlbutions
687
1,198
20

DUNDONALD PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31" December 2024
12. RELATED PARTY TRANSACTIONS
The mlnister of the congregation, who is also a trustee, received remuneration of £52,068 and
expenses amounting to £7,439 Including Car Allowance of £4,221 and Duties Allowance of £2,815 for
acting in that capacity. Car and Duties Allowances are paid direct by PCI and reimbursed through
Assembly Assessments. Mileage expenses of E153.18 and a contribution to Telephone expenses of
£250.00 are paid directly. Pension contributions of £12,496 were paid by the congregation in respect
of the minister to the Presbyterian Church in Ireland Pension Scheme120091.
One other trustee is an employee of the church. He received remuneration of £29,269, pension
contributions of £687 to a NEST scheme and training course costs of £3150.
One other trustee received a management fee of £300 in respect of the rental of a property owned
by the congregation.
None of the other trustees received any remuneration or expenses in connection with their duties.
Duringthe yearthe congregation contributed the following amounts to Funds of the General Assemblv
of the Presbyterian Church i n Ireland, a separate charitv.
£15,057 towards the Unlted Appeal.
£1,728 towards the World Development Appeal.
The congregation contributed £1,093 towards Presbytery Assessments during the year,
There were no other related party transactions.
21