Presbyter an CREGAGH pRE5B￿ERIAN CHURCH Congregation of The Presbyterian Church In Ireland STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2025 Income and Endowments from: ()onations and legacles Charltable actNitie5 8ank Interest 121,106 10,215 438 84,968 4,201 4,915 206,074 14,416 5,353 198,737 3,850 3,926 Total 131.759 94,084 225,843 206.513 Expenditure on,. Charitable activltles 1112,7161 185,4511 1198,1671 1203,0621 Total 1112,7161 185,4511 1198.1671 1203,0621 Net Income I lexpendlture 19.043 8,633 27,676 3,451 Transfers between funds Net movement In funds Reconciliation of funds.. Total funds brought forward 118,693 1,840,923 1,959,616 1,956,165 Total funds carrled fornard 137,736 1,849,556 1,987,292 1,959,616 an CREGAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterlan Church In Ireland BALANCE SHEEr As at 31 December 2025 Flxed assets: Tangible assets Investments 1,688,607 1,688,607 1,720,426 Total flxed assets 1,688,607 1,688,607 1,720,426 Current assets Debtors Cash at bank and in hand io li 4,867 136,765 4.935 157,064 9,802 293,829 6,671 237.814 Total current assets 141,632 161,999 303,631 244,485 Liabilltle5: Creditors: Amounts falling due wlthin one year 12 (3,8961 11,0501 14,946) 15,2951 Net current assets or liabilities 137,736 160,949 298,685 239, 190 Total assets less current liabilltles Credltors: Amounts falling due after more than one year 137,736 1,849,556 1,987,292 1,959.616 13 Total net assets or Ilablllties 137,736 1,849,556 1,987,292 1,959,616 an CREGAGH PRESBYfERIAN CHURCH a Congregatlon of The Presbyterian Church In Ireland BALANCE SHE￿ Icont'dl As at 310ecember 2025 Restrlcted income funds Unrestricted funds 14 14 1,849,556 1,849,556 1,840,923 137,736 118,693 137,736 Total charlty funds 137,736 1,849,556 1,987.292 1,959,616 Approved by KSrk Session on 19 May 2026 and slgned on Its behalf by: Michael R. Graham 19 May 2026 Rlchard Molyneaux 19 May 2026 151 Page an CREGAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2025 ACCOUNTING POUCIES BAS15 OF FINANCIAL STATEMENTS The financial statements have been prepared In accordance wlth FRS 102, The Flnancial Reporting Standard applicable In the UK and Republlc of Ireland, Accountlng and Reportin8 by Charltie5.' Statement of Recommended Practlce appllcable to charities preparin8 their account5 in accordance with Financial Reporting Standard applicable In the UK and Republic of Ireland IFR5102- 20191 and the Charities Act (Northern Ireland) 2008. The flnancial statements have been prepared under the h15torlcal cost convention except for investment assets, which are shown at market value. The financlal statements include all transactions, assets and Ilablllties for which the congregatlon is responsible in law. They do not include the accounts of church 8roups that owe their affillatlon to another body, nor those that are informal 8atherings of church members. The financial statements are presented in sterling which Is the functional currency of the entitv. JUDGEMENTS AND KEY SOURCE5 OF ESTIMATION UNCERTAINTY There are no areas of significant judgement or key sources of estlmatlon uncertalnty. FUND ACCOUNTING Endowment funds are funds. the capital of which must be retained either permanently or at the con8re8ation's discretion; the income derived from the endowment is to be used elther as restricted or unrestricted income fund5 dependlng upon the purpose for which the endowment was established in the first place. Restricted funds comprise lal income from endowments which is to be expended only on the restricted purposes intended by the donor and {bl revenue donations or grants for a specific con8regational activity intended by the donor. Where these funds have unspent 161 an CREGAGH PRESBYTERIAN CHURCH Congregation of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS 31 December 2025 ACCOUNTING POLICIES Icont'dl 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 congre8ation'5 general purposes. Desl8nated funds are general funds set aside by the congregation for use In the future. INCOMING RESOURCES (l} Recognltlon of Incomlng resources These are included in the Statement of Financlal Actlvltles ISOFAI when: the congre8atlon becomes entitled to the resources; the trustees are vlrtually certain they will recelve the resources; and the monetary value can be measured with sufficient reliablv. (11) Incoming resources wlth related expendlture Where incoming resources have related Èxpenditure las with fundralsing Incomel the Incomin8 resources and related expendlture are reported gross In the SOFA. (1111 Grants and donatlons Grants and donatlons are only included in the SOFA when the congre8ation has unconditional entitlement to the resources, Ilv) Tax reclalms on donatlons and glfts Incoming resources from tax reclaims are Included in the SOFA at the same tirne as the gift to which they relate. {v) Contractual inwme and performance related grants This is only included in the SOFA once the related goods or services have been dellvered. 171 Presbyter an CREGAGH PRES8YfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 Decernber 2025 ACCOUNTING POLICIES IconVd} (vl) G1ft5 In kind Gifts In kind are accounted for at a reasonable estimate of their value to the charlty or the amount actually reallsed. Gifts In kind for sale or dlstrlbutlon are included in the accounts as gifts only when sold or distrlbuted by the charity. Gifts in kind for use by the charity are included in the SOFA as Incomln8 resources when recelvable. (vll) Donated 5ervlces and facilltles These are only Included In Incoming resources Iwlth an equivalent amount in resources expended) where the benefit to the charlty is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the servlce or facility received. IvlS1) 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 Thls Is Included In the accounts when receivable. {x) Investrnent galns and105ses This Includes any gain or loss on the sale of investments and any 8aln or loss resultin8 from revaluin8 investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Ixl) Llablllty recognltlon Liabilitles are recognised as soon as there is a le8al or constructive obligatlon committing the congregation to pay out resources. 181 an CREGAGH PREs8￿ERlAN CHURCH a Congre8atlon of The Presbyterian Church In Ireland NOTES TO THE AccouKrs 310ecember 2025 ACCOUNTING POLICIES Iconvdl (xii) Governance costs These are shown within charitable activities and Include the costs of preparation and examination of accounts and the cost of any legal advlce to trustees on governance or constltutlonal matters. (xlll) Grants wlth perfomiance condltlons Where the charity gives a grant with conditions for its payment beln8 a specific level of service or output to be provided, such grants are only recognlsed in the SOFA once the reclplent of the grant has provlded the speclfled 5ervlce or output. (xlv) Grants payable wlthout performance condltlons 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 charlty. ASSErs (xv) Tanglble Flxed 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 are valued at cost or, if 8ifted, at the value to the charbty on receipt. DepreciatSon is recorded on all tangible fixed assets other than freehold land, at rates calculated to write of the cost, less estimated residual value, of each asset over its expected useful life as follows Buildings: Fixtures, flttlngs and equipment Computers, software and technical equipment over 50 years over 10 years over 4 year5 (xvl) Investment5 Investments quoted on a reco8nised stock exchange are valued at market value at the year end. Other investment assets are included at trustees, best estimate of market value. 191 an CREGAGH PRESBYfERIAN CHURCH a Congre8ation of The Presbyterlan Church In Ireland NOTESTOTHE Accoumrs 31 Oecember 2025 DONATIONS AND LEGACIES Weekly Freewill Offering Loose and Speclal Collections Donations and Gifts GiftAld Legacles and Bequests Organisatlons Mi551on5 & Charities Funds 92,646 2,859 6,695 18,906 28,630 3,537 5,245 9,973 121,276 6,396 11,940 28,879 3,030 34,553 3,030 34,553 121,106 84,968 206,074 Weekly Freewlll Offerlng Loose and Special Collections Donation5 and Glfts Gift Aid Legacies and Bequests Organisations Mission5 & Charities Funds 85,332 1,362 4,488 17,794 29,518 3,155 6,457 7.666 114.850 4.517 10,945 25,460 2,338 40,627 2,338 40,627 108,976 89,761 198,737 201 an CREGAGH PRESBYfERIAN CHURCH a Con8regatlon of The Presbyterlan Church In Ireland NOTES TO THE AccouKrs 31 December 202S CHARITABLE ACTIVITIES Income from charitable actlvitles Fundraising events Grants 10,215 3,150 1,051 13,365 1,051 10,215 4,201 14,416 Income from charitable a¢tivlties Fundralsln8 events Grants 3.8SO 3,850 3,850 3.850 2111)3ge an CREGAGH PRESBYTERIAN CHURCH a Con8regatlon of The Presbyterlan Church In Ireland NOTES TO THE AccouKrs 31 Decernber 2025 BANK INTEREST Deposit interest 438 4,915 5,353 438 4,915 5,353 Deposit interest 3,326 3,926 3,326 3,926 an CREGAGH PRESBYTERIAN CHURCH Congregatlon of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2025 CHARITABLE ACTIVITIES General Assembly Assessment5 Ministerfs Stipend Ministry and support staff costs Congregational running expenses Donations to Missions & Charlties Governance costs Depreciatlon 9,970 42,098 31,184 27.304 9,970 42,098 41,480 43,279 24,841 2,160 34,639 9,996 15,975 24,841 2,160 34,639 112,716 85.451 198,167 General Assembly Assessments Ministerfs stipend Ministry and support staff costs Congregational running expenses Donations to Missions & Charities Governance costs Depreclation 10,662 40,674 40,422 25,589 10,662 40,674 40,422 42,788 32,242 2,040 34,234 17,199 32,242 2.040 34.234 119.387 83.675 203,062 Governance costs include the Independent Examinerfs fee of £2,1601£2,040 In 20241. 231 P.4 ¢1. Presbyter an CREGAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterlan Church In Ireland NOTES TO THE ACcou￿r5 31 December 2025 EMPLOYMENT COSTS Wages, Salaries & Allowances Soclal Security Costs Pension contributions 68,601 7.344 7,367 66,006 5,328 9,762 83,312 81,096 Number of Employees The average number of employees. includlng the mlnlster of the congregation, durin8 the year was: There were no employees in receipt of benefits in exce55 of £60,000. 241 Pcige an CREGAGH PRESBYfERIAN CHURCH Congre8atlon of The Presbyterian Church In Ireland NOTESTO THE AccouNrs 31 December 2025 PENSION COSTS The minlster of the congregation 15 a member of the Presbyterian Church in Ireland Pension Scheme120091. This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charlty. The congre8ation pays an assessment to the Presbyterian Church in Ireland equivalent to the employer's pension contributlon for the Scheme and based on the stipend paid to the mlnister. The Presbyterlan Church In Ireland Pension Scheme120091 is a funded Scheme of the defined benefit type, providlng defined beneflts based on career average re-valued salary. The Scheme has assets held in a Separately admlnistered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a fundin8 plan to ensure the Scheme Is sufficlently funded to meet current and future obligations. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church a8reed to pay from 31 December 2015 contributions of 24% of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in service benefits and fundin8 the scheme deflclt. The contribution rate reduced to 17.5% from l January 2025. The contrlbutions made by the congregation durln8 the year were Contributions 7.367 9,762 The Congregation has two part-tlme employees {an or8anist and a church officer), 80th have been offered pension scheme membershlp but both have declined. 8. TRANSFER BEfwEEN FUNDS There were no transfers between funds In 2025. an CREGAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS 31 December 2025 9. TANGIBLE FIXED ASSETS Cost or valuation At start of year Additions Dlsposals 1,475.727 380,456 51,240 1,907,423 2,820 2,820 At end of year 1,475,727 380,456 54,060 1.910,243 Depreciation Atstart ofyear Prov15ion for year Disposa15 1176,9611 129,5151 110.0361 1186,9971 IS,1241 {34,6391 At end of yeai 1206,4761 115,1601 1221,6361 Net Book Value At end of year 1,269,251 380,456 38,9(M) 1,688,607 At start of year 1,298,766 380,456 41,204 1,720,426 The redevelopment of the church buildin8 was completed in 2018. Depreciatlon lat 2%) has been applied from l January 2019. Durln8 the year capital expenditure of £2,820 was Incurred for a new projector system. No depreciation has been applied to the manse property which is subject to maintenance to maintain Its value. The residual value Is considered to be at least equal to the carrying valuation. an CREGAGH PRESBYfERIAN CHURCH a Congregatlon of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS 31 December 2025 10. DEBTORS 20Z5 2024 Gift Aid Recoverable Other 9,302 500 S,940 731 9.802 6,671 11. CASH AT BANK AND IN HAND Current account Cash in hand 293,426 403 237,814 293,829 237,814 12. CREDITORS: amounts falllng due wlthln one year Credltors and Accruals 4,946 5,295 4,946 5,295 13. CREDITORS: amounts falllng due after more than one year 271 Paije an CREGAGH PRESB￿ERlAN CHURCH a Congre8atlon of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS 31 Deomber 2025 14. FUND BALANCES AND RECONCIUATION OF FUNDS Balance at l Jan 2025 Income Balance at 31 Dec 2025 Expend. Transfer Unrn5trltted Funds General Fund Cregagh 125 Development Fund 85,042 131,388 371 112,716 103,714 371 33,651 33,651 118,693 131,759 112,716 137,736 Restrlcted Funds Renovation Fund Property Fund Mlsslon & Charltles Funds Organlsational Funds Manse Fund 1,085,672 339,573 32.720 2,502 380,456 4,915 50,535 34,553 4,081 34,865 22,032 24,841 3,713 1,055,722 368,076 42,432 2,870 380.456 1,840.923 94,084 85.451 1,849,556 Total Funds 1.959.616 225,843 198,167 1,987,292 an CREGAGH PRESBYfERIAN CHURCH a Con8re8atlon of The Pre5byterlan Church In Ireland NOTES TO THE ACCOUNTS 31 December 2025 14. FUND BALANCES AND RECONCILIATION OF FUNDS {conVd) Balance at l Jan 2024 Income Balance at 31 Dec 2024 Expend. Transfer Unrestrlcted Fund$ General Fund Cregagh 125 Development Fund 94,853 109,576 119,387 85,042 33,651 33,651 128,504 109,576 119,387 118,693 Restrlrted Funds Renovation Fund Property Fund Mission & Charbtie5 Funds Organisational Funds Manse Fund 1,116,698 318,530 24,217 3,216 365,CKJO 3,208 50,646 40,745 2.338 34,234 14,147 115,4561 32,242 3,052 1,085,672 339,573 32.720 2,502 380,456 15,456 1,827.661 96,937 83,675 1,840,923 Total Funds 1,956,165 206.513 203,062 1,959,616 an CREGAGH PRESBYfERIAN CHURCH a Con8regatlon of The Presbyterfan Church In Ireland NOTE5 TO THE ACCOUNTS 31 December 2025 15. RELATED PARfi TRANSAcfioNS One of the Trustees. the mlnlster of the congregation, who was appointed minister in September 2018, re￿iVed remuneration of £42,0981£40,674 in 20241 and expenses of £8,3831£7,836 In 20241 for actin8 in that capacity. Penslon contributlons of £7,367 1£9,792 in 20241 were paid by the congregation, In respect of the minister, to the Presbyterian Church in Ireland Pension Scheme120091. None of the other trustees recelved any remuneration or expenses in connection wlth their duties. During the yearthe ¢on8regation contributed the following amount5 to Funds of the General Assemblv of the Presbyterian Church in Ireland, a separate charlty- £9,9701£10,662 In 20241 for con8regational assessments (excludin8 mlnlsterfs employment costs). £9.000 I£IO,OD) in 20241 towards the United Appeal. £I,0001£1,250 In 20241 towards the World Development Appeal. £1,000 I£I,000 in 20241 towards the Children's Societv. The congregation contributed £9051£854 In 20241 In respect of Presbytery fee5 durlng the year. There were no other related party transaction5. 301