Hlgh street Antrim Congregatlon of the Presbyterlan Church in Ireland Financial Statements forthe year ended 31st December 2024 Corrigan CA Limited 24 Greystone Road Antrim BT412QN
High Street Antrim Congregation of the Presbyterian Church in Ireland LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES.. Rev Colin Kerr McDowell Mrs Nancy Agnes Bonar MrJames Samuel Gleghorne Mrs Margaret Mary Kempston Mr Robert Edward Campbell Mrwilliam Canning Mr Robert Coulter Bonar Mr Herbert Hewitt Mrs Esme Miskelly Mr Christopher lan Titterington Mr Davld James Gleghorne CHARITY NUMBER.. NIC104909 ADDRESS.. 22 Steeple Road ANTRIM BT41 IDN INDEPENDENT EXAMINER.. Amanda Harbinson Corrigan CA Mited 24 Grey5tone Road ANTRIM BT412QN
Hlgh Street Antrlm Congregation of the Presbyterian Church in Ireland CONTENTS: Page Trustee Report Statement of Trustee Responsibilities Independent Examiners Report Statement of Financial Activities io Statement of Assets and Liablllties li Notes to the Accounts 12-16
HIGH STREET PRESBYfERIAN CHURCH, ANTRIM, CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024 This report includes information required by the Charities (Accounts and Reports) Regulations 2008 and the Statement of Recommended Practice for Accounting by Charities 2005 as applicable to charities entitled to prepare accounts on the receipts and payments basis. ADMINISTRATIVE INFORMATION High Street Presbyterian Church, Antrim is a local church of the Presbyterian Church in Ireland and is a member church of the general Assembly of the Church. It was registered on 15/08/2016 as Charity Number 104909. High Street Church is situated at 22 Steeple Road, Antrim BT41 IDN. Telephone 9446 8339, email info@hi8hstchurch.org. The member5 of the Elders, Meeting for the time being are recognised as the charity trustees. Those who Served from 1st January 2020 until the date this report was approved are: Rev Colin Kerr McDowell Mrs Nancy Agnes Bonar Mrjames Samuel Gleghorne Mr David James Gleghorne Mrs Margaret Mary Kempston Mr Robert Edward Campbell Mrwilliam Canning Mr Robert Coulter Bonar Mr Herbert Hewitt Mrs Esme Miskelly Mr Christopher lan Titterington Mr lan Saunders resigned on 19 February 2024 The Church building and the manse at 16 Beechfield, Antrim BT41 IBS, are vested in High Street Presbyterian Church as trustees and held for the benefit of High Street Presbyterian Church in accordance with the trusts applicable to Presbyterian Church in Ireland properties.
STRucfuRE, GOVERNANCE AND MANAGEMENT The Kirk Session The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's governing document, The Code, the book of the constitution and government of the Presbyterian Church in Ireland. The Kirk Session promotes the spiritual interest of the congregation and of persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the congregations. All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the ministers in active duty in the congregation, has no deliberative but only a casting vote. Stated meetings of the Kirk session were held 9 times throughout the year. To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote. Presbytery Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland, High Street congregation of the Presbyterian Church has been assigned to the Ternplepatrick Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, ministers who have retired from active duty and an elder appointed by the Kirk Session of the congregation. In-person presbytery meetings have now recommenced, Presbytery meets six times per year and five of the meetings take place in High Street Church, this is because of our central location. The General Assembly The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the second week in June for worship and to conduct its business. At the end of
business, it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired minsters and a representative elder appointed by the Kirk Session of each congregation. DESCRIPTION AND PURPOSE The charitable purpose of the congregation is the advancement of religion. High Street congregation of the Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is grounded in the Bible and exists to love and honour God and enable her members to play their part in fulfilling God's mission. OBJECTIVES AND ACTIVITIES The congregation meets for worship every Sunday and visitor5 are welcome to join. The Sacrament of the Lords Supper is observed on four occasion5 during the year and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation holds regular bible study meetings and has a wide range of organisation5. Worship and prayer The congregation normally meets for worship each Sunday at 11am and on the first Sunday of each month, also at 7pm. Services are also livestreamed for the benefit of those unable to attend. During the week a midweek meeting provides an opportunity for members to meet fellowship, to study the Bible and for a time of prayer. As well as our regular services during the year we acknowledged God's gift of new life at services for Sacraments of Baptism. Marriage and Funeral services are conducted whenever appropriate and necessary. On 31 December 2024 there were 280 communicant members and 360 families connected with the congregation. The average weekly attendance at morning worship is 100, plus online attendance. Pastoral care Members of the congregation who are unable to attend church due to sickness or age are visited by the minister, elders or by the Pastoral Assistant.
Mission and outreach The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church's training college for ministry students, and financially supports congregation in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. The congregation also contributes to the denominations annual World Development Appeal, Sunday School project and any other special appeals. Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and/or one of the elders. This provides an important link between the congregations and the wider structures of the church, General Assembly The minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June. Property During the year minor repairs continued to be carried out within the church sanctuary and church halls. PUBLIC BENEFIT STATEMENT The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion, The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church's Subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved). Generally, the above benefits are delivered locally by congregations and their members or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known using
noticeboards, printed material, press advertisement, websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and informal and ad- hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits, The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular organisation5, charities, and individual members of the public. The Kirk Session has had regard to the Charity Commissions Public benefit requirement statutory guidance. FINANCIAL REVIEW Total income received in the year was £194,449 {2023 £155,371). The main source of donations is contributions through freewill offerings. Donations and Legacies account for 86¥0 of total income. (87% in 2023). Fund expenses have increased in the year from £158,266 in 2023 to £183,395. This 15 due to an increase in property costs and ministry and support staff costs. RESERVE POLICY: Unrestricted funds.. Ideally the Elders, Meeting would wish to have in hand an amount equal to six months regular expenditure as free reserves to meet shortfalls in income or unexpected expenses. st The balance of unrestricted fund5 at 31 December 2024 was £35,845. This represents the amount available for regular expenditure. th This report was approved by the Elders, Meeting on 19 of April 2025 and is signed on its behalf by Rev Colin McDowell (Minister}. Rev Colin Mc Dowell th Date: 19 April 2025
High Street Antrim Congregation of the Presbyterian Church in Ireland STATEMENT OF TRUSTEE RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees are responsible for preparing the Trustee Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. In preparing these accounts, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent. and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence fortaking reasonable steps for the prevention and detection of fraud and other irregularitie5.
Independent examinerfs report to the trustees of High Street Antrim Congregation Of The Presbyterian Church in Ireland I report on the accounts of High Street Antrim Congregation of the Presbyterian Church in Ireland, for the year ended 31, December 2024, which are set out on pages 10 to 16.1 have examined the financial statements of the charity for the year ended 31, December 2024, which comprise the Statement of Financial Activities, the Bala nce Sheet, the Accounting Policies and the related notes. These financial statements have been prepared under the accounting policies set out therein. This report is made solely to the charity trustees as a body, in accordance with the Charities Act (Northern Ireland} 2008. My work has been undertaken so that I might compile the financial statements that I have been engaged to compile, report to the charit¢s Board of Trustees that I have done so, and state those matters that I have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law I do not accept or assume responsibility to anyone other than the charity and the charity's Board of Trustees, as a body, for my work, or for this report. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the Trustee's report and the financial statements in accordance with the applicable law and Accounting Standards {UK and Ireland}. The charity trustees consider that an independent examination rather than an audit is required this year under 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 Commission under section 6519llbl of the Charities Act state whether particular matters have come to my attention in the course of my examination work that suggest: lil material expenditure or action appears not to be in accordance with the charity's trust. lill information or explanation l am entitled to under the Regulations has not been afforded to me; {iill information contained in the financial statements is materially inconsistent with the Trustee's report for the year. 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 6519)(b) 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 YOLJ a5 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.. l. 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. That there 15 further information needed for a proper understanding of the accounts to be reached.
The procedure5 undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements. Independent Examiner's Statement I have completed my examination and have no concerns in respect of the matters {11 to {41 and, in connection with following the Direction5 of the Charity Commission for Northern Ireland, I have found no matters which.. give me reasonable to cause to believe that in any material respect the requirements to keep proper accounting records and to prepare accounts which accord with the accounting records and are in accordance with the methods and principles set out in the Charities SORP have not been met; or require that attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Mrs Amanda Harbinson, FCA Fellow of the Institute of Chartered Accounta nts Ireland Independent Examiner Corrigan CA Lim ited 24 Greystone Road Antrim BT412QN th 19 April 2025
Hlgh Street Presbyterian Church STATEMENT OF FINANCIAL AcfiviTY {Recelpts and Payments Accountl for the year ending 31 December 2024 Nots Unrestrlcted Funds Restrirted Funds Endowment Funds Total 2024 Total 1023 Recelpts Donations and legacies Charitable activities Other voluntary recelpts Investment income 100,379 1.210 66.999 25,204 167,378 26,414 134.621 20,191 222 435 657 559 Total Recelpts 101,811 92,638 194.449 155,371 Payments Charitable activities 6&7 115,433 67,962 183,395 158.266 Total Payments 115.433 67,962 183,395 158,266 Net receipts / Ipaymentsl Transfers between funds -13,622 -625 24.676 625 11.054 -2,895 12 Net movement in fund5 Funds brought forward -14,247 50.092 25,301 85,623 11,054 135.715 -2,895 138,608 Funds carrled forward 12 35.845 110,924 146,769 135,713 io
HIGH STRE PRESBITERIAN CHURCH STATEMENT OF A55ETS AND LIABILITIES As at 31 December 2024 Note Unrestricted Funds Restricted Funds Endowment Funds Totsl 2024 Total 2023 Funds Re¢onclllatlon Balance At Start of Year Net movement in funds 50,092 -14,247 85,623 25,301 135,715 11.054 138.610 -2,895 Balance At End of Year 35,845 110.924 146.769 135,715 Bank and Cash Balance Bank Deposit Accounts Bank Current Accounts Cash in Hand Stock 2.424 104,441 3.762 297 110,924 2,424 140,286 3,762 297 146,769 2,385 128,997 4,088 245 135,715 35,845 35,845 Other Assets Fixed A55et5 -church Premises -Fixtures, Fitting5 & Equlpment 70,156 1,686 68,885 2,621 139,041 4.307 139.041 3,328 71,842 71,506 143,348 142.369 Llabllltles Loans Approved by the trustees at a meeting on and signed on it5 behalf by., Signed.. Rev. Colin Kerr MCD Signed.. Mr5 Jennif avldson 19, April 2025 19 April 2025 li
High Street Presbyterian Church NOTES TO THE ACCOUNTS 31 December 2024 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation Is less than £250,000, the congregation elected in accordance with the provisions in The Charities IAccounts and Reports} Regulations (Northern Ireland) 2015 to prepare its account5 on a receipt5 and payments ba5iS. Fixed Assets recognised but not Valued in the Statement of Assets and Liabilities are . Church & Hall and contents at 22 Steeple Road. Antrim, Manse at 16 Beechfield, Antrim. 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 endowment15 to be used either as restricted or unrestricted income fund5 dependin8 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 restrlrted purposes Intended by the donor and Ibl revenue donation5 or grants for a specific congregational artivity intended by the donor. Where these funds have unspent balances, interest on their pooled investment15 apportioned to the individual funds on an average balance basi5. Unrestricted funds are income funds which are to be spent on the congregatlon's general purpose5. Designated funds are general fund5 set a51de by the congregation for use in the future. Donatlons & Le acles". These are recorded as received as entitlement ari525 at that stage and are classi5ifed a5 restricted or unrestricted according to any conditions 5tipulated/intended by the donor. Recorded income represents weekly freewill offerin85 as collerted each week. Gift Aid represents the income tax refunds received on the gift ald donations. Charltable Actlvities: Income from charitable activities includes income earned both from the supply of goods and Services and from appeals- recognised when received and classified accordlng to re5trictlon5 on Ltse. 12
Hlgh Street Presbyterian Church NOTES TO THE ACCOUNTS 31 De¢ember 2024 2. DONATIONS AND LEGACIES Unrestrlrted Funds Restrlrted Funds Endowment Funds Total 2024 Totsl 2023 RÈ¢orded glving Loose collertions Gift Aid Donations Bequests 79,574 916 16,541 1,368 1,980 24,830 518 5,353 36.298 104,404 1,434 21,894 37,666 1,980 101,945 1,976 21,487 9,093 120 100,379 66.999 167,378 134,621 3. CHARITABLE AcTIVlEs Unrestrlrted Funds Restrlcted Fund5 Endowment Funds Total 2024 Total 2023 Income from Church actlvltle5 Attivities for 8eneratin8 funds Membership fees Grants Appeals Other Income 7.380 7,380 6.585 625 8,413 8,576 210 625 9,163 8,576 670 741 2,093 9,353 1,419 750 460 1,210 25,204 26.414 20,191 4. OTHER VOLUNTARY RECEIPTS Unrestrlrted Funds Restrlcted Funds Endowment Funds Total Z024 Total 2023 Voluntary recelpts 5. INVESTMENT INCOME Unrestricted Fund5 Re5trlcted Funds Endowment Fund5 Total 2024 Totsl 2023 Deposlt Interest 222 435 657 559 222 435 657 559 13
High Street Presbyterian Church NOTE5 TO THE ACCOUNTS 31 December 2024 6. CHARITABLE AcfiviTIES Unrestrlcted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 General Assembly A55essments Pmpety costs Ministry and support staff costs Congregatlonal running expenses Donations to Missions and charlt1é5 Appea15 Or8anised outings and events Refund of Grants Received Governance costs 20,015 20,015 24,847 72,467 38,197 1,737 11,527 14,434 20,194 16.766 58,878 37,484 1,076 12,346 11.341 24,847 8,482 6,764 1.737 11,527 14,434 63,985 31,433 171 171 181 115,433 67.962 183,395 158,266 7. FIXED ASSErs The congregatlon owns the Church premlses sltuated at 22 Steeple Road, Antrirn, 8T41 IDN, the manse situated at 16 8eechfield, Antrim, BT41 IBS and the associated flxtures. fittings, plant and machinery. These have a combined insurance value of £ 2,671,268.27. These assets are not reflected in the assets shown. Land & Property Fixtures.flttln & equipment Total Total 2024 2023 Opening Balance Additions In the year 139,041 3,328 979 142,369 979 142,369 Closing Balance 139,041 4,307 143,348 142,369 INVESTMENTS The congregation has no investment5. 14
Hlgh Street Presbyterian Church NOTES TO THE ACCOUNTS 31 December 2024 9. EMPLOYEES The church had 4 employee5 in the year {2023 - 51. 10. RELATED PARTI TRANSACTIONS Rev Colin Kerr Mc Dowell, a trustee, w35 paid remuneration of £ 40,773 and expenses of £ 8,308 as minister of the congregation. Pension contributions of £ 9,786 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme120091. None of the other trustees lor any person connected with them) received any remuneration or benefits from the charity during the year. 11. GOVERNANCE COSTS Governance costs of £1,450 were incurred during the year ended 31 December 2024 and this relates to fees due to the Independent Examiner. Governance costs are included within Administration costs In the Receipts and Payments Account. 15
HIGH STREEf PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS 31 December 2024 12. FUND 8ALANCES 8t71once sturt Disposals Addltions Movement Trnnsler Balance ut end FIXED ASSErs Restrirted Funds". General Fund- Fixed Assets Property Fund- Fixèd A55ets Yotjth Club. Fixed Assets Womens Group- Fixed Assets CMP Fixed Assets 71.464 68,885 1,139 881 378 378 71,842 68.885 1,332 881 408 143.348 193 193 408 979 408 979 142,369 BANK & CASH 8alunce ot sturt Recglpts P4ryment Surplu5/ (Defirltj Transftr Balance ttt end Unrestrlrted Funds General Fund- 8ank 50.092 97,261 -115,434 -18.173 425 31,294 50,092 97,261 -115.434 -18,173 -625 31.294 Restrlrted Funds Gèneral Fund- Bank Property Fund. Bank Whiteside Account I Interest) eque5ts, Gift5 and investments Sunday School Account Sunday School Deposit Account Morning Extra Account Youth Club Accounts 8owlin8 Account Mens Group Account Reach Out Group Account Youth Fellowship Account Mum5 & Tots Account Womens Group A¢tount Church Cholr Account ComrnunSty Mission Prolect 15,480 29,423 36 10,768 1.214 39 793 7,793 400 -16.079 -24.847 -599 4.576 36 10,768 338 39 .237 558 235 5,152 4.553 52,681 2.244 31,569 48.105 2.208 20,801 1,502 2.385 1.114 3,864 186 122 232 215 544 4,146 199 .876 2.424 -1.030 -7,235 -165 -877 -250 .150 4,172 271 122 149 63 459 2.280 217 12,431 1,200 -1,133 -152 -477 -5,273 .67 -10.627 67 -152 15 1,134 18 12,431 -150 492 6.407 85 23,058 -100 -3,000 85,623 97,188 -67,961 29,227 625 115,475 Endowment Funds Total 135,715 194.449 -183,395 11,054 146,769 16