Greenisland Congregation of the Presbyterian Church in Ireland Statement of Flnancial Activities For the year ending 31 December 2025 Note Unrestrictèd Funds Restricted Funds Totsl 2025 Total 2024 Income from Donations & Legacies Charitable Activitie5 Other Trading Activities Investment Income 249,224 6,296 2.415 2,584 53.230 302.454 6,296 2,415 5.543 19.486 34 227,572 3.725 1.240 4,276 12,729 34 2.959 19,486 Organisations Other Income 34 Total Income 260,553 75,674 336.228 249,576 enditure on Raising Funds Charitable Activities Investment costs OrÈanisations Other Expenditu Depreciation 1.730 157.996 1,730 202,826 1,664 194,246 44.830 18,834 1.039 15.149 18,834 1,039 15.149 13,970 886 15 Total Expenditure 159.726 79.852 239,578 210,767 Net Income IIX).828 4,178 96,650 38,809 Transfers between funds 1,200 1.2C Net movement Sn funds 99.628 2.978 96,650 38.809 Re¢onciliation Of Funds Total Funds brou@ht forward 18 171.947 725,758 897,704 858.896 Total Funds tarrlèd fonvard 18 271,574 722,780 994.354 897,705
Greenisland Congregation of the Presbyterian thurch in Ireland Balance Sheet As at 31 December 2025 Notè 2025 2024 Flxed Assets TanÉible assets 15 453,099 468,248 Total Flxed Assets 453.099 468.248 Current A55ets Debtors Cash at Bank 16 17 35,386 505,869 30,232 399.225 Total current a$5ets 541.255 429.457 LiabilFtie5 Creditors.. amounts falling due within one year Net current assets 541,255 429,457 Totsl Net Assets 994,354 897,705 Thè Funds ofthe Charity: Unrestricted income funds Restricted income funds Restricted land & building5 fund ia 271,574 269,681 453.099 171,947 257.510 468.248 18 Total CharSty Funds 994.354 897.705 The Trustees have prepared the financial statements in accordance with The Charities (Accounts and Report5lRegulations INorthern Irelandl2015 lor circulation to the members The noies I to 18 form part of these financial statements Approvèd by thè trustees on 24 March 2026. David Cromie Si8ned.' Rev David Cromie Name.. Rev David Cromie, Chair of trustees on behalf of the trustees.
Greenisland Congregation of the Presbyterian Church in Ireland Notes to the Accounts 31 December 2025 l Accountin Pollcies The principal accounting policies that have been adopted consistently throughout the year and the prior year are summarised below. 1.1 Basls of Preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- ICharitie5 SORP IFRS 10211, and The Charitie5 IAccounts and ReportslRegulations INorthern Ireland) 2015. The financial statements include all transactions, assets and Ilabilities for which the congregation is responsible in law. Greenisland congregation meets the definition of a public benefit entity under FRS 102 1.2 Fund Accountlng UrTrrestricted income fund5 comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objective5. Unrestricted funds are primèrity from the receipt of Freè Will Offerings and loose collections from the congregation. Restricted funds comprise lal restricted income funds and Ibl restricted land and building fund as detailed below. Restricted income funds are funds which are to be used in accordance with specific restrictions imposed by the donor. Restricted income funds are from the collection of congregational offerings to the Church's Development Fund, Maintenance & Repair Account, United Appeal for Missions Fund, Harvest Thanksgiving Appeal, P$bYterian Children's Society and the Presbyterian Church in Ireland'5 World Development Appeal. The income received by the various church organisations is also restricted for Ltse in the respective organisations. Restricted land and building fund is the fund created on the initial recognition of the land and buildings owned by the church which have not previously been recordetl. The only movement on this fund each year is the expensing of the depreciation on land and buildings. Further details can be found at note 15. 1.3 Income Recognltlon All income Is recognised once the charity has entitlement to the income. St Is virtually certain that the income will be rèceived and the amount of income receivable can be measured reliably. Donations and gifts relate to the offerings received from the con8re8ation and are re¢ogni5ed on receipt when the church has uncondwtional entitlement to the income. Legacles and Bequests Legacies are recognised ott receipt. Tax reclalms on donatlons and glfts Income from gift aid is included in the Statement of Financial Artivrties at the same time a5 the donation or gift to which it relates. Investments Interest on funds held on depostt is included in the Statement of Financial Activities when receivable. Volunteer Help The value of any volunteer help recerved is not included in the financial ststements but is described in the Trustees, Annual Report
Greenisland Congregation of the Presbyterian Church in Ireland Notes to the Accounts cont'd 31 December 2025 1.4 Expenditure and Uabllftles recogn1On Liabilities are recognised as expenditure as soon as there is a le8al or constructive obligation committing the charity to that expendwture, it Is probable that settlement will be required and the amount of the obligation can be measured reliably. 1.5 Irrecoverable VAT Irrecoverab VAT is charged against the expenditure heading for which it was incurred 1.6 Tan8lble Flxed Assets Tangible Fixed A55ets are stated at cost. nei of depreciation. A$5et5 for use by the church are capitalised if they can be used for more than one year and cost at least £2,500. Depreciation is provided on all tangible fixed 355et5 Other than land at rates calculated to write off the cost of each a55et on a straight line basis over experted useful lrfe, as follows- Buildings 50 years Fixtures and fittings: 10 years Unrestrirted Funds Restricted Funds Total 2025 Totsl 2024 2 Donations & Le Loose Collections Donations: General Fund Development Fund Maintenance & Repair United Appeal Benevolent World Development Children's Societv Harvest Thanksgiving Appeal Sundries Organisations Gfft Ald on unrestrlcted (lonations Gift Aril on StrICted donattons Legacies cies 5,285 125.913 5,285 125,913 7.072 9,025 13,551 1,018 2,916 4,195 8,410 640 2,253 28,864 6,523 89,162 304,826 6,890 106,051 5,410 3,598 7,720 627 7,072 9,025 13,551 1,018 2,916 4,195 8,410 640 2,253 3,088 3,361 8,540 1,085 2,645 26,224 4.979 50.000 230,217 28,864 6,523 89,162 249,224 55,602 3 Charltsble Artlvltles Income from charitable a¢tivities Fees from weddings and funerals Organisations- Membershrp fees Organisations - Grants 6.296 6,296 3,837 250 4,375 2,879 11,341 3,480 2.200 5,680 3,480 2,200 11,976 6,296 4 OtherTradin Letting of halls Activities 2,415 2,415 2,415 2,415 1,240 1,240
Greenisland Congregation of the Presbyterian Church in Ireland Notes to the Accounts cont'd 31 December 2025 Unrestricted Funds Restrlrted Funds Total 2025 Total 2024 5 Investment Income Bank interest- unrestricted funds Bank interest- restricted funds 2,584 2.584 2,959 5,543 1,620 2,655 4,276 2,959 2,959 2,584 6 Other Income Other Income Organisation5 - Other Income Organisations - Insurance Claim 34 34 2,934 8,500 11,468 34 2,469 2,934 8.500 11.434 34 2,503 7 Ralsln Funds FWO envelopes Fundraising events 1,730 1,730 1,664 1,730 1,730 1,664 8 Charitsble Activities General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running Costs.. from unrestricted funds from restricteil funds Donations to 155105 and charities: from unrestricted funds from restricted funds from Organisation5 20.513 795 20,513 795 85,288 23,819 821 85.288 80.986 47.799 47,799 14,869 48.070 7.186 14,869 29,961 1,3110 46.130 29,961 1,300 204,126 29.364 1.400 195,646 157,996 9 Other£ endlture Other Expenditure Organisations Other Expenditure 1,039 17,534 18,573 1,039 17.534 18.573 886 12,570 13,457 io Staff costs and Em ee benefits 2025 2024 Gross salaries and allowances Minister pension costs Staff pension costs Ministerial allowances 76,219 7.030 1,000 8,070 71,229 9,315 I,oii 8.746 92.318 90.301 No employee ceiVed employee benefrts in excess of £60,000 In the year
Greenisland Congregation of the Presbyterian Church in Ireland Notes to the Accounts cont'd 31 December 2025 11 Staff numbers Minister Other staff 2025 2024 12 Penslon Costs The minister of the congregation is a member of the Presbyterian Church in Ireland Pension scheme(291. This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congre8atio pays an assessment to the Presbyterian Church in Ireland equivalent to the employer's pension contribution for the Scheme and based on the stipend paiil to the mini5teT. The Presbyterian Church in Ireland Pension Scheme120091 is a funded scheme of the defined benefit type, providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustee5 have a8reed 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% of pensionable salaries to cover the accrual of benefits for future servlce, expenses, the c05t of insuTin8 death in Service benefrts and funding the scheme deficit. The contributions made by the congregation during the year are detailed in Note 10 The congregation operates a defined pension contrlbution policy for its employees. The scheme and its assets are held by an independent Scheme manager. The pension charge represents the contributions due by the church during the year. The toniributions made by the congregation during the year are detailed in Note 10 13 Trustees, ex enses and remuneratlon There were no trustees who received expenses during the year. The minister. a trustee, received stipend and expenses amounting to £48,239.18 The was one trustee who received remuneration during the year- Eric Chalmers received gross remuneration amounting to £18.266.60 for his caretakinglcleaning role in the church which is separate from his duties a$ 3 trustee. This remuneration is in accordance with his contract of employment as determined and permitted by Kirk Session. There were five trustees who received reimbursement for expenditure they incurred on behalf of the church. 14 Related transarti¢ns During the year the congregation contributed the following amounts to the General A55embly of the Presbyterian Church in I13ftd, a separate charity: £13,483 for congregational assessments £14,350 toward5 United Appeal for Missions £2,650 towards the Village Project £3,596 towards the World Development Appeal £4,927 towards the Presbyterian Children's Society During the year the con8regation contributed £795 towards Presbytery assessments.
Greenisland Congregation of the Presbyterian Church in Ireland Notes to the Accounts cont'd 31 December 2025 15 Flxed Assets Bulldlngs Cost At l January 2025 757,457 At 31 December 2025 757.457 Depreclation At l January 2025 Charge for the year 289,209 15,149 At 31 December 2025 304,358 Net Book Value At I january 2025 468.248 At 31 December 2025 453.099 Buildings have been recognised at the date of transttion to FRS 102 and the Charities SORP IFRS 1021. The buildings comprise the Church and Halls and the manse. The buildings which were built within the past 50 years have been recorded on a historical cost basi5 Wlth a55Otiated accumulated depreciation based on an economic lrfe of 50 years. Buildings that are oliler than 50 years are considered to be fully depreciated. 16 Debtors 2025 2024 Gfft aid to be claimed on unrestricted funds on restricted fijnds 28,864 6.522 26,224 4,(KJ8 35,386 30,232 17 Cash at Bank 2025 2024 General Account Business ReseNe Development Fund Maintenance & Repair Account United Appeal for Missions Account Benevolent Fund Sundries Account Investment Account 20,446 222.265 8.361 13,081 1,005 1.858 6,976 222.881 8,996 15,078 130,644 10,569 7,563 70 857 7,376 219,922 7,145 Organisations Accounts 505,869 399,225
Greenisland Congregation of the Presbyterian Church in Ireland Notes to the Accounts cont'd 31 December 2025 18 Ana is of Movement in Funds Fund Balance at 01.01.2025 Income Empendlture Surplusl (Defidtl Trander Balance at 31.12.2025 Unrestrlrted Funds General Account Business Reserve 41,303 130,644 168,933 91,621 159.726 9.207 91,621 1.2(K) 49,310 222,265 171,947 260,553 159.726 100,828 1,2 271,574 Restrlcted Funds Investment Account Development Maint'ance & Repair United Appeal Benevolent Sundries Presbyterian Women Boys Brigade Land & Buildings Fund 219,922 11,873 8,341 1.876 857 7,376 858 6.407 468.248 725,758 2,959 8,628 ii,oii 16,532 1,018 16,161 3,039 16.328 2,959 1,957 6,726 2,110 I,ooi 400 222,881 9,916 15,067 3,986 1,858 6.976 154 10,585 4,285 14,422 17 16,561 3,742 15,092 15,149 79,852 703 1,236 15,149 4,178 1,200 8,842 453,099 722,780 75,674 1,200 Total 897,705 336,228 239.578 96,650 994,354