Balance Sheetas at31
Dec 2024
Woodlands Presbyterian
Church
2024
2023
No Fixed Assets
Current Assets
Cash at bank and in hand
177346
129488
No Creditors
Net CurrentAssets
177346
129488
Total Net assets
177346
129488
Charity Funds
Restricted Funds
Uniestricted funds
Total Funds
57397
84034
119948
177346
45454
129488

Statement of flnancial
activities for the year eniled
31 De¢2024
Woodlands Presbyterian
Church
Income From
Note
Unrestrlcted Funds 2024 Restrlcted Funds 2024 Total Funds 2024 Total Funds 2023
Donations and Legacies
Charitable Activities
Investments
Other Income
Totallncome
203406
86894
290301
285193
203406
86894
290301
285193
Expendlture on:
Charitable Activities
Total Expenditure
128912
128912
113531
113531
242443
242443
285640
285640
Net Income ièxpenditurel
Before net Ilossesl Gains on
investments
Gains on investments
Net movement In Funds
74494
-26637
47858
447
74494
-26637
47858
.447
Reconciliation of funds
Total Funds brought forward
Net movement in funds
Total Funds Carrled foThvard
45454
84034
129488
129935
-447
129488
74494
119948
-26637
57397
47858
177346
The statement of Financial
Activities Includes all gains
and losses recognised in the
year
The notes fo the following
pages form partofthese
financial statement5

Notes to the Financial Statements
For the year ended 31 December 2024
Accounting policles
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP {FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) and the Charities Act {Northern Ireland) 2008.
Ballyclare Congregation of The Presbyterian Church in Ireland meets the definition of a public benefit
entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaclion value
unless otherwise stated in the relevant accounting policy.
1.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them
Ilhrough knowledge of the existence of a valid will and the death of the benefactor) and the executor
is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a
legacy must be recognised when it is probable Ihat it will be received and the fair value of the amount
receivable, which will generally be the expected cash amount to be distributed to the charity, can be
reliably measured.
Income tax recoverable in relation to inveslment income is recognised at the time the investment
income is receivable.
other income is recognised in <the 9eriod <n which it is receivable and to the extent the goods have
been provided or on completion of the service.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each aclivity. Direct costs attributable to a single aclivity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned be￿een those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion ofthe asset's use.
Expenditure on charitable a¢tivitie5 is incurred on directly undertaking the activities which further the
charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.4 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses. whether realised or unrealised, are combined and presented as 'Gainsl(Losses} on
investments. in the Statement of Financial Activities.

Accounting policies (continued)
1.5 Debtors
Trade and other deblors are recognised at the settlement amount after any trade
discount offered. Prepayments are valued al the amount prepaid net of any trade
discounts due.
1.6 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a
short maturity of three monlhs or less from the date of acquisition or opening of the
deposit or similar account.
1.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a
result of a past event. it is probable that a transfer of economic benefit will be required in
settlement, and the amount of the settlement can be estimaled reliably.
Liabilities are recognised at the amount that Ihe charity anticipates it will pay to settle the
debt or the amount it has received as advanced payments for the goods or services it
must provide.
Provisions are measured at the best estimate of the amounts required to settle the
obligation. Where the effect of the time value of money is material, the provision is based
on the present value of those amounts, discounted at the pre-tax discount rate that
reflects the risks specific to the liability. The unwinding of the discount is recognised in
the Statement of Financial Activities as a finance cost.
1.8 Financial instruments
The charity only has financial assets and financial liabilities of a kind thal qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction
value and subsequently measured at their fettlement value with the exception of bank
loans which are subsequently measured at amortised cost using the effective interest
method.
1.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the
Trustees in furtherance of the general objectives of the charity and which have not been
designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees
for particular purposes. The aim and use of each designated fund is set out in the notes
to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions
imposed by donors or which have been raised by the charity for particular purposes. The
costs of raising and administering such funds are charged against the specific fund. The
aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.

2 Income from Donation5 and Legacles
Unrestricted Fund5 2024 Resiilcied Funds 2024
Total Funds2024
Total Funds 2023
Donatlons
Freewill Offering
PropertyAccount
Mi55ionaryAccount
Speclal Collections
Loose Collections
Glft Aid
lrfisc. Donation5
Organisations Income
137171
137171
14477
27231
139910
17126
14477
27231
30371
10342
10402
43861
812
32369
13096
11849
30783
10507
13096
11849.09
38420.16
10507
37549
7637
37549
Legatles
Beque51S
Legacles
Subtotal Detalled Dlsclosure
Total 2024
Total2023
196784
88409
285193
3 Income From charttableActl￿lles
No Incomefrom CharitableActfvities
4 Investmènt Income
No Investment Income
S Other Incomlng Rèsour¢e5
No Other Incorne
6Analysls of èxpendlture on CharltableAcllves
Summary by Fund Type
Unr¢strl¢ted Funrfs 2024 Restrl¢teil Funds 2024
Total 2024
Total 2023
Minister
Assessment
Congregational running Expense5
Donationsto mission5 and charitles
Miscellaneous
Investrnent Expenses
Audll Fees
40000
22697
190073
32870
17629
111283
17629
196805
85522
28QQ9
28009
TDta12023
214228
71412
285640
7Auditors Remuneration
There is noAuditors fee
8 Staft COMS
2024
2023
Wage5 and Salaries
Social Securitycosts
31022
3522
8193
51642

The average nurnberof employeE5 etnployed bythe
charitydurlng theyearwas as follows
2024
2023
No ernployee recelved rernuneration amountingto
morethan 260,000 in eiiheryear.
9 Flxed Asset Investrnenls
No Investments held
10 Debtor5
No Debtor5
Ilcredltors
No C￿dItorS
12 SummaryofFund$
Summaryof Funds Currentyear
Balance ai i Jan 2024
Income
Expenditure
Balance ai 31 Dec2024
General Fun(Is
Restricted Funds
Toial
45454
2Q3406
128912
119948
129488
290301
242443
177346
Summary ol Funds PTevlousYear
BaLanceat Ilan 2023
Income
Expenditure
Balance at 31 Dec2023
General Funds
Resirlcted Funds
Total
62898
I￿784
214228
45454
285193
285640
129488
13 RÈConcllla￿on of Net Movement In Fundsto net
cashflowlrom operatlngactlvltles
Nei IncomelExpendituretortheyearas per
statement oifinanclalactivities
2024
2023
47858
-447
14Artalysl$ of cash and cash equlvalents
2024
2023
177346
129488
15ATraly51s ol changes In net debt
At Ilan 2024
Cash flows
At 31 Dec 2024
129488
47858
177346
16 Related partyiran5actlons
There were no relate(J patytransactions duringthe
yeario 31 Dec 2024