an FIRST DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2024 Note Unrestrlcted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Income from: Donation5 and legacies Charitable activities Other tradlng aetlvltlés Investment Incorne Other 99,044 31,353 7,598 1,801 2,239 130,397 7,598 2,300 5,185 35 154,361 5,155 2,548 4,084 319 499 2,946 35 Total Incorne 102,524 42,991 145,515 166,467 Expendlture on: Raising funds Cha rltable aetlvities Othér (471) (106,336) 18,198) 1471) 1544) (138,993) (174,108) {8,198) (8,198) {32,6571 Totsl Expendlture (115,005) (32,657) {147,6621 1182,850) Net Income / (Expenditure) Transfers between funds 112,481) 10,334 {2,147) (16,383) (766) 766 Net movernent in funds Funds brou8ht forward (13,247) 459,410 11,100 161,089 (2.147) (16,383) 628,838 645,221 8,339 Fund5 carried forward 16 446,163 172,189 8,339 626,691 628,838 13
an FIRST DONEGORE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND BALANCE SHEEr As at 31 Dernber 2024 Note 2024 2023 Fixed Asjets Tangible Fixed Assets Total flxed assets 12 241.050 241,050 249,248 249,248 Current Assets Debtors Cash and cash equivalents Total current assets 13 14 64.782 322.459 387,241 43,543 339,197 382,741 Credltors- am•)unts fallln8 due withln one year Accruals Totsl ¢redltors 15 1,600 1,600 3,150 3,150 Net Current Assets 385,641 379,591 Total net Assets 626,691 628,839 Funds d the charlty Unrestrlrted funds Gener41 funds Total unrestrl¢ted fvnds Rostrlrted Funds Endowment Funds 16 446,163 446,163 172,189 8.339 459,408 459,408 161,092 8,339 16 16 Total char6ty fur 626,691 628,839 The financial statements have been prepared In accordance with Accountlng and Reporting by Charltles: Statement of Recommended Practlce applicable to charities preparing their accounts in accordance wlth the Flnancial Reportlng Standard appllcable in the UK and Republic of Ireland IFRS 102}- {Charlties SORP {FRS 102)). They have been approved by the Kirk Session on 25 May 2025 and signed on Its behalf by• John Mccullagh Mlchael McKlnstry 25th May 2025 25" May 2025 14
an FIRST DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS 31 December 2024 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS The financial staternents have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thei r accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)- (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). The church meets the definition of a public benefit entity as defined in section 34 of FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy note(s). FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanéntly or at the con8re8atlon's dlscr@tlon; the Income dérived from the endowment IS to be used elther as restricted or unrestrlcted Incorne funds dependlng upon the purpose for which the endowment wa5 established in the first place. Restrlcted funds comprlse {a) Income from endowments whlch Is to be expendèd only on the restrlctod purp05e5 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 avera8e balance basss. Unrestricted funds are Incom• funds which are to be spent on the congregation's 8eneral purposes. Designated funds are general funds set aside by the congregation for use in the future. INCOMING RESOURCES Recognltlon of Incomlng resources These are included in the Statement of Financial Activities (SOFA) when: The con8regation becomes entitled to the resources; It is probable that the funds will be received; and The monetary value can be rneasured with sufficient reliability. 15
an FIRST DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS (conyd) 31 December 2024 I. ACCOUNTING POLICIES (cont'd) Incoming resources with related expendlture Where incoming resources have related expenditure las with insurance proceeds) the incoming resources and related expenditure are reported gross in the SOFA. Grants and donations Grants and donations are only included in the SOFA when the congregation has uncondltional entitlement to thè resources. Tax reclairns on donations and gifts Incomlng resources from tax reclaims are included in thg..SoFA at the same time as the 8ift to which they relate. (v) Contrartual Income and performance related grants Thls Is only included In the SOFA once the related goods or services have been delivered. () Gifts in kind Gifts in kind are accounted ft)r at a reasonable estlmatè of thèirvalue to th• charity orthe amount actually realised, Glfts In kind far sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Glfts in klnd for use by the charity are included in the SOFA as incoming resources when receivable. (vii) Donated servlces and facllltles These are only included in incoming resoLJrces (with an equlvalent a mount in rèsourcés Éxpended) where the benefit to the charity is reasonably quantifiable, rneasurable and material. The value place on these resources IS the estimated value to the charity of the service or facility received. (vlll) Investment Income This is included in the account5 in the period to which it relates, Ilx) Investment gains and10$5es This includes any 8ain or loss on the sale of investments and any gain or loss re5ultin8 frorn revaluing investments to market value at the end of the year. 16
an FIRST DONEGORE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2024 I. ACCOUNTING POLICIES (cont'd) EXPENDITURE AND LIABILITIES Llablllty recognltlon LiabilitiÈs arè rècognised as soon as there is a l@gal or constructive obligation committing the congregatlon to pay out resources. (11) Governance costs These are shown within charltable actlvlties and Incl ude the costs of preparation and exarnination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. (111) Grants wlth performance condltlons Where the charity glves a grant with conditions for its payment being a specific level of service or output to be provldèd, such grants are only recognlsed in the SOFA once the reciplent of the grant has provided the specified service or output. (iv) Grants payable wlthout perforrnance condltlons These are only reco8nised In the accounts when a commitment has been made and there a no conditions to be met relating to the grant which remain in the control of the charity. (v) Support costs Support costs Includé central functions and have been allocated to activity cost categories on a basls consistent with the use of resources, e,g, allocatinE property costs by floor areas, or per caplta, staff costs by the time spent and other costs by their usage. 17
an FIRST DONEGORE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELANO NOTESTO THE ACCOUNTS (convd) 31 December 2024 I. ACCOUNTING POLICIES (convd) ASSErs Tanglble Flxed Assets Tangible fixed assets for use by the charity are capitalised if they can be uséd for more than one year, and cost at least £2,000. They are valued at cost, or if gifted, at the value to the charity on receipt. Depreciation is recorded on all tangible assets other than freehold land, at rates calculated to wrlte of the cost, less estirnated residual value, of each asset over its expected useful life as follows; Bulldlngs: - over 50 years In accordancé with FRS102, assets under construction are not depreclatéd untll such times as they are available for use. Investments Investments quoted on a recognised stock exchange are valued at market valué at thé yéar end. Other investment assets are includèd at trustees, best estimatÉ of market value. 18
an FIRST DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (conydj 31 December 2024 2. DONATIONS AND LEGACIES Unrestrfcted Funds Restrlcted Funds Endowment Funds Total 2024 Total 2023 Recorded giving: Voluntary giving Donations and gifts Gift Aid Legacies and bequest 73,974 2,166 17,904 5,000 12,367 14,116 4,870 86,341 16,282 22,774 5,000 89,026 39,214 26,121 99,044 31,353 130,397 154,361 3. CHARITABLE AcfiviTIES Unrestrlcted Funds Restrlcted Endowment Funds Funds Total 2024 Total 2023 Income from charltable activities Fundraisin8 events Membership fees Grants 3,713 3,713 2,055 3,885 3,885 3,100 7,598 7,598 5,155 OTHER TRADING ACTIVITIES Unrestricted Funds Restrlcted Endowrnent Funds Funds Total 2024 Total 2023 Tradin8 income 499 1,801 2,300 2,548 499 1,801 2,300 2,548 FIRST DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND 19
NOTES TO THE ACCOUNTS (convd) 31 Dember 2024 INVESTMENT INCOME Unrestrlcted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Deposit interest 2,946 2,239 5,185 4,084 OTHER INCOME Unre5trlcted Funds Restrlcted Endowment Funds Funds Total 2024 Total 2023 Other Income 35 35 319 35 35 319 RAISING FUNDS Unrestrlrte d Funds Restrlcted Endowment Funds Funds Total 2024 Total 2023 FWO envelopes Fundraising events 471 471 544 471 471 544 FIRST DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND 20
an NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 CHARITABLE AcfiviTIES Unrestrfcted Funds Restrlcted Endowment Funds Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Mlnistry and support costs (Note 10) Congregational running expenses Donations to Missions and charities Governance costs 18,428 1,296 62,445 18,428 1,296 62,445 16,492 1,270 60,200 23,052 19,037 13,620 42,089 13.620 62,044 33,602 1,115 1,115 500 106,:36 32,657 138,993 174,108 OTHER EXPENDITURE Unrestrlrted Funds Restrlrted Endowrnent Funds Funds Total 2024 Total 2023 Depreciation 8,198 8,198 8,198 8,198 8,198 8,198 21
an FIRST DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 10. EMPLOYEES Ernployment Costs Total Funds 2024 Total Funds 2023 Mlnlsters Stlpend Ministers Allowance Wagesand Salarles Employers National Insurance Social Security Costs Other costs 36,845 8,007 13,446 3,830 35,091 8,126 13,076 3,699 317 208 62,445 60,200 Nurnber of Employees The average number of employees, including the minister of the congregation, expressed as full time equivalents. during the year was; Total 2024 Total 2023 Average number of employee5 There were no employees in receipt of employee benef its In excess of £60,DOO. 22
an FIRST DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 11. PENSION COSTS The mlnister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme (2009). This is a scherne operated by the Presbyterian Church in Ireland, a separate registered charitv. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employerfs pension contributlon for the Scherne and based on the stlpend paid to the minister. The Presbyterian Church in Ireland Pension Scherne (2009) Is a funded Scheme of the defined benefit typej providin8 defined benefits based on career average revalued salary. The Scheme has assèts held in a separat•ly administered fund managed by a board of trustees, The Presbyterlan Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. The contrlbutlons made by the con8re8atl¢n durlng the year were; Total Funds 2024 Total Funds 2023 Contrlbutlons 8,843 8,422 23
FIRST DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 12. TANGIBLE FIXED ASSETS Land & Bulldlngs Total Cost At beginning of the year Additions Disposals At end of the year 415,885 415,885 415,885 415,885 Depreciation At beginning of the year Depreciation Di5posa15 At end of the year 166,637 8,198 166,637 8,198 174,835 174,835 Net bookvalue at beginning of the year Net bookvalue at end of the year 249,248 241,050 249,248 241,050 The main church Is a Ilsted bulldlng, therefore has been treated as a heritage asset, and not included in the accounts. The main church is fully insured for a value of £974,829, as at 31st October 2017. 13. DEBTORS 2024 2023 Gift Aid Recoverable Accrued Income {IR 22/23 PAYE &so) 63,302 40,528 1,480 64,782 3,015 43,543 24
an FIRST OONEGORE CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS (convd) 31 December 2024 14. CASH AT BANK AND IN HAND 2024 2023 Cash at Bank Cash in Hand 320,531 1,928 322,459 338,861 338 339,199 15. CREDITORS 2024 2023 Accruals 1,600 1,600 3,150 3,150 25
an FIRST DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS (conyd) 31 December 2024 16. FUND BALANCES Fund Balance at start Recelpts Payment Surplus I (Deflctt Transfer Balance at end Unrestricted Funds General Revenue 459,407 102,524 1115,005) (12,481) (7b6) 446,160 459,4D7 102,524 1115,0051 112,4811 {766) 446,160 Restrfcted Funds PropertylBuilding Fund United Appeal Geiieral fv1i>>ivwl> Fund World Development Chlldren's Society Christian Ald Earl HaiR Fund Other charitable objects Harvest Appeal From Church Organisations Sunday School Presbyterian Women Youth Fellowship Friendship aub Boys Brigade Girls Brigade Bowling Club JUMPYouth Club Mothers & Toddlers 133,632 860 14,293 15,342 7,093 562 2,124 958 1,825 16,474) 17,639) 14,208) 12,1241 19581 11,8251 {501 1251 18,868) (546) 13,646) (124) 796 11,500) 142,376 1,110 9,147 150) 50 25 11,000) 15551 13241 11,0001 15551 (1,9781 I,ooo 565 11,0001 301 1,588 18 1,076 2,189 4,386 1.298 1,142 309 311 2,566 18 1,001 2,961 8,981 2,292 1,120 309 2,302 136 3,571 7,513 1,540 12111 (3,317) 13,6791 1246) (221 {751 254 13,8341 1,294 {22) 518 761 13001 161,092 42,991 132,657) (10,3341 766 172,192 Endowment Funds Investments 8,339 8,339 8,339 8,339 Total 628,838 145,515 (147,6621 (2,1471 626,691 26
Presbyter an FIRsf DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Iconvd) 31 December 2024 16. FUND BALANCES Fund Balance at start Recelpts Piyment Surplus I IDeficlt) Transfer Blllance at end unrestrlrt•d Funds General Revenue 459,407 102,524 1115,005) 112,481) (7661 446,160 459,407 102,524 {115,005) 1114811 1766) W16D Rertrftted Funds PropertylBuildln8 Fund Unlted Appeal General Mlsslons Fund World Development Chlldren's Soclety Chrlstlan Ald Earl Halg Fund Other charltsble oblerts Harvest Appeal From Church Organlsatlons Sunday School Presbyterian Women Youth Fellow3hlp Friendshlp Club Boys 8rlgade Girls Brlgade Bowlln8 aub JUMP Youth Club Mothers & Toddlers 133,632 860 14,293 15,342 7,093 562 2,124 958 1,825 16.474) 17,639) 14,208) {2,124) (958) (1,825) 150) 125) (8,868) {5461 (3,6461 11241 796 (1,500) 142,376 1,110 9,147 (50) 50 25 (1,000) (555) {324) (1,0001 (5551 11,978} I,ooo 565 Ii,000} 301 1,588 18 1,076 2,189 4,386 1,298 1,142 309 311 2,566 18 1,001 2,961 8,981 2,292 1,120 309 2,302 136 3,571 7,513 1,540 1211 (3,317) 13,679) (2461 (22) {751 254 (3,8341 1,294 (22) 518 761 1300) 161,092 42,991 132.657) 110,334) 766 172.192 Endowment Funds Investments 8.339 8,339 8.339 8,339 Total 628,838 145.515 1147,6621 12,1471 626,691 26
Presbyter an FIRST DONEGORE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTE5TO THE ACCOUNTS (convd) 31 December 2QZ4 14. CASH AT BANK AND IN HAND 2024 2023 Cash at Bank Cash In Hand 320,531 1,928 322,459 338,861 338 339,199 15. CREDITORS 2024 2023 Accruals 1,600 1,600 3,150 3,150 25
Presbyter an FIRsf DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCTrI IN IRELANO NOTESTO THE ACCOUNTS (cont'd) 31 December ZOZ4 12. TANGIBLE FIXED ASSErs Land & Bulldlngs Total Cogt At beginnln8 of the yèar Addltions Disposals At •nd of the year 415,885 415,885 415,885 415,885 Depreclatlon At beginning of the yéar Deprnclatlon DIspo5als At end of the year 166,637 8,198 166,637 8,198 174,835 174,835 Net book value at beglnnln8 of the year Net book value at end of the year 249,248 241,05D 249,248 241,050 The maln church is a listed buildin8, therefore has been treated as a herrtage asset, and not includèd In the accounts. The maln church is fully Insured for a value of £974,829, as at 31. October 2017. 13. DEBTORS 2024 2023 Glft Ald Recoverable A¢crued Income (IR 22123 PAYE &so) 63,302 40,528 1,480 64,782 3,015 43,543 24
Presbyter an FIRsf DONEGORE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conYd) 31 Decernber ZQZ4 11. PENSION COSTS The minlster of the congregation is a member of the Presbyterlan Church In Ireland Penslon Scheme (2009). This is a scheme operated by the Pr•sbyterlan Church in Ireland, a separate registered charity. The con8re8atlon pays an a&ses3ment to the Presbyterl¥n Church Sn Ireland equlvalent to the employerfs penslon contributlon for the kheme and based on the stipend paid to the minlster. The Presbyterian Church In Ireland Pension Schéme (2009) is a funded Scherne of the defined b•nèflt type, provldln8 deflned benefits basad on career average revalued salary. The Schem• has assets h•ld in a separatèly admlnlstered fund mana8ed by a board of truste•s. The Presbyterlan Church and the Sch&me Trustees have agreed a fundin8 plan to ensure th• Scherne Is sufflclently funded ts meet current and future obligatlons, The contributlons made b¥ the con8re8ation durlng the year were, Total Funds 2024 Total Funds 2023 Contrlbutlons 8,843 8,422 23
Presbyter an FIRsf DONEGORE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (conyd) 31 DeGember Z024 10. EMPLOYEES Employment Costs Totol Funds 1024 Total Funds 2023 Mlnlst•rs Stlpend Mlnlsters Allowance Wages and Salaries Employers National Insurance Social Securlty Costs Other costs 36,845 8,007 13,446 3,830 35,091 8,126 13,076 3,699 317 208 62,445 60,200 Number of Employees The average number of employees, including the mlnister of the con8reEatlon, expressed as full tim• equlv?Jents, dyring the year was; Total 2024 Total 2023 Av•rooe number of trnploy¢¢? There were no employees in receipt of employee benefits in •xcess of £60,0. 22