an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland FIRST ANTRIM CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2024 Registered Charity in Northern Ireland (NIC104951)
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2024 including a Balance Sheet as at that date. REFERENCE AND ADMINISTRATIVE DETAILS First Antrim congregation of the Presbyterian Church in Ireland Church Street, Antrim BT414BA Registered Charity in Northern Ireland (NIC104951) CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were J.A. Alexander K.A. Alexander J.N. Allison A. Brownlee A.A. Chestnutt R.P. Clarke D.C. Clyde L.T. Creighton D.K. Elliott M.R. Finlay l. Hamill M.W. Herbison R. Kirkpatrick T. R. H. Latimer Rev. S. J. Lockington BA BD H. Mcc. Matchett S. Mccormick W.H. McFadden P. McFetridge R. McKeown R.P. McKibben Mrs N. McKnight D.W. Mcmahon J. Orme B. Simpson D.A.Thompson PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev. S. J. Lockington BA BD T.R.H. Latimer G.Ferguson
Presbyter an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregatlon of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (continued) INDEPENDENT EXAMINER Hopper & Co 6 Doagh Road Ballyclare BT39 9BG BANKERS Ulster Bank 8 Market Square Antrim BT414AT SOLICITOR5 Anderson Gillan Barr 32 Church Street Antrim BT414BA
an FIRST ANTRIM PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (continued) STRucfuRE 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 seeks to watch over and promote 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. Member5 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 minister in active duty in the congregation, has no deliberative but only a casting vote. Stated meetings of the Kirk session are held on a monthly basis between September and June. 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 Presbyierian 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. First Antrim Presbyterian Church has been assigned to the
an FIRST ANTRIM PRESBYfERIAN CHURCH Congregation of The Presbyterian Church in Ireland Templepatrick Presbytery of the Presbyterian Church in Ireland. The membership of the TRUSTEES ANNUAL REPORT (continued) 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 each congregation. 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, administrative and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted 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 First Antrim 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 Scriptures and exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play their part in fulfilling God's mission to our world. The congregations mission purpose is for the fame of Christ. to be disciples and make disciples in Antrim and beyond. Jesus offers this promise in John 10:10 "I have come that they may have life, and have it to the full" This promise is full of meaning. 'Full Life, in Jesus is the greatest need of all who don't believe in Him and the ultimate purpose of all who do. OUR VALUES AND MISSION l. Prayer and the Word of God are central to the life of our Church. 2. Our Worship should be God honouring, joyful and uplifting.
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland 3. We value togetherness, developing community in our Church family. We strive to be a friendly Church. TRUSTEES ANNUAL REPORT (continued) 4. We long to see each member equipped to be an everyday disciple. 5. Evangelism at home and abroad is integral to who we are. 6. We seek to communicate the Gospel clearly and creatively to contemporary society. 7. We seek to show practical concern for all in need. 8. We are strategically placed in Antrim Town centre and need to maximise the opportunity to engage with the community. This will require us to reimagine our building strategy and our mission. 9. We need to be future focused. Whilst we learn from the past we do not dwell there. We lean and are led forward to the years ahead. 10. We will focus our resources on our mission to be disciples and to make disciples. ACTIVITIES AND OBJECTIVES The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is obsenied on several occasions during the year and all those who have been baptised and who have made 3 profession of faith in the Lord Jesu5 Christ are admitted to the Lord's Supper. The congregation holds regular bible study meetings and has a wide range of organisations including Sunday School (Friends of God Club} Youth Club Elevation (Teenage Group) Boys, Brigade Girls, Brigade Chat'n Chew Craft Class Friendship Group Presbyterian Women Mens Ministry Ladies Bible Study- 2 groups Mens Bible Study- 2 groups Little Legends ACHIEVEMENTS AND PERFORMANCE Worship and prayer
Presbyter an FIRST ANTRIM PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland The congregation norm311y meet5 for worship each Sunday at 10.30am and 6.30pm. During the week, members meet for fellowship, to study the scriptures and for a time of prayer. TRUSTEES ANNUAL REPORT (continued) Alongside these, regular prayer meetings are held throughout the week on a range of subjects. As well as our regular services during the year we acknowledged God's gift of new life at I Sacrament of Baptism, we conducted I marriage ser4ice and gave thanks for faithful services and sought to comfort those who had been bereaved during the year. At 31 December 2024 there were 279 (2023.285) communicant members and 372 (2023.3841 families connected with the congregation. The average week attendance at morning worship is 198 {2023:196) with a further 15 to 20 watching the live stream. Pastoral care Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister, elders or by member5 of the congregation. Mission and outreach At a local level the congregation engages in local evangelism through a range of organisations including the following: Boys, Brigade Girls, Brigade Christians Against Povertv Chat'N Chew Friendship Group Youth Club Annual Holiday Bible Club Men's Ministry Presbyterian Women Bible Study Groups School Uniform Bank Little Legends (Mums & Tots Group)
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT {continued) 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 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 congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. 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.
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (continued} Organisations Organisation Summary of Activity Regular Attendance Level 36 Boy's Brigade Meets weekly on a Monday night. We work with boys between the ages of 4 and 18. We have a varied programme of activities to fulfil our object of advancing Chrisvs Kingdom amongst boys and promoting habits of obedience, reverence, discipline and self-res ect. Meets weekly on a Wednesday night. We carry out a wide range of activities to help girls develop spiritually, physically and emotionally, learn new skills and make new friends. Meets weekly on a Friday night. We provide a safe environment for secondary aged students to socialise and play sports. Each week there is a short epilogue ledbya uest s eaker. Meets monthly on a Tuesday night. Each meeting is led by a special speaker and supper is provided. Ladies increasin lyen oy bein to ether. A group for young people of secondary school age. meeting on Sunday mornings or evenings. We develop friendships amongst young people and give them the opportunity to learn from the Bible in a relaxed environment. A group for 4 to 11 year olds meeting during Sunday Morning Service to learn and develop individual relationships with God Ladies from different surrounding towns come to learn various crafts. We provide companionship to the senior ladies and aim to s read the Gos el of Jesus Meets on a Tuesday, once a month from 2:00-3..30pm. The aim is to provide friendship and fellowship. promoting interaction for the benefit of people in the town. We have a Short time of worship, have a guest speaker covering various topics, and enjoy afternoon tea. One or two outings are planned each year which members enjoy. Ladies meet on Monday mornings and Tuesday evenings to study the bible. have refreshments and enjoy being together. We meet for 6 weeks before Girl's Brigade 46 girls aged 3 yrs - 18 from a variety of backgrounds Youth Club 20 regulars pw 40-70 ladies, breakfast 100 + Elevation Between 15 & 25 young people Friends of God Club {Sunday School) Craft Class 20 18 ladies Friendship Group 40-50 aged 50+ Ladies Bible Study 30-60 10
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland Christmas and 12 weeks after. Meets on a Thursday morning for friendship and a cuppa Chat 'n Chew 20 Men's Bible Study Two groups meet Wednesday mornings and evenings to study the Bible and enjoy being together 25-30 Little Legends (Mums & Tots Group I Meet on Wednesday mornings for children to pre- school age to get together and have fun while the parents chat and enjoy fellowship 20 Volunteers The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities. PUBLIC BENEFIT STATEMENT The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general 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 through the use of 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. 11
an FIRST ANTRIM PRESBrfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (continued) 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 thi5 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 organisations, charities and individual members of the public. The Kirk Session has had regard to the Charity Commissions public benefit requirement statutory guidance. FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering. There were 212 contributors during the year (2023.. 208) donating a total of £156,418 {2023: £146,493). Total Income of the congregation during the year was £430,981, compared to £421,609 in the previous year, due mainly to some loans being reclassified as gifts to the church. Total expenditure in the year was £372,67812023: £389,570, mainly due to reduced expenditure on special projects. 12
an FIRST ANTRIM PRESBYfERIAN CHURCH Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (continued) RESERVES POLICY The Trustees review the financial position of the Charity on a quarterly basis. A report submitted by the Treasurer to each stated meeting provides up to date financial data. This allows income and expenditure to be compared against the figures at the equivalent point in the previous Church year. The Trustees have considered the level of unrestricted reserves that it is appropriate to hold taking account of current and ongoing commitments. It is the current policy of the Trustees to hold at least 6 months, normal expenditure. At the year-end unrestricted reserves were £192,406 (excluding fixed assets), which represents a fair level of reserves when compared to the six-monthly expenditure of around £78,000 [Excluding any one-off building work]. The Trustees consider it prudent to hold resenies at this level as the funding of present activities is dependent on the ongoing financial support of members. RISK REVIEW A review of major risks has been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from members. These risks are mitigated by the Trustees, and the Congregational Committee, regularly monitoring the various activities of the congregation at stated meetings and by encouraging members in their regular giving. STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the congregation and the financial activities for that year. In preparing the financial statements the Trustees are required to: 13
an FIRST ANTRIM PRESBYfERIAN CHURCH Congregation of The Presbyterian Church in Ireland select Suitable accounting policies and then apply them consistently TRUSTEES ANNUAL REPORT (continued) make judgements and estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Funds will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable them to ensure that the financial statements comply with the Statement of Recommended Practice "Accounting and Reporting by Charities (l January 20151" They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by he Kirk Session on 16th September 2025 and signed on its behalf by Harry Latimer Rev.Stephen Lockington Clerk of Session Minister 14
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES I report on the financial statements of First Antrim Presbyterian Church for the year ended 31st December 2024 which are contained within the 2024 Annual Report. Respective responsibilities of trustees and Independent examiner First Antrim Presbyterian Church's trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities Act (Northern Ireland) 2008. The Trustees consider that an audit is not required under section 6512) (audit) of the Charities Act (Northern Ireland) 2008 for the year and that an independent examination under section 64(1) of the Charities Act (Northern Ireland} 2008 is required. It is my responsibility to examine the accounts and to state whether particular matters have come to my attention. Basi5 of independent examiner's report My examination was carried out under Section 65 of the Charities Act {Northern Ireland) 2008. An examination includes a review of the accounting records kept by the Church and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures 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 In the course of my examination, no matter ha5 come to my attention which gives me reasonable cause to believe that in any material respect the requirements to keep proper accounting records in accordance with Section 63 of the charities Act (Northern Ireland) 2008, and to prepare financial statements which accord with the accounting records in accordance with Section 64 of the Charities Act (Northern Ireland) 2008 have not been met or which, in my o 'nion, attention should be drawn in order to enable a proper understa al statements to be reached. hael Ho opper & Co, Chartered Accountants. Pa ,qgeptember 2025 15
an FIRST ANTRIM PRESBYfERIAN CHURCH Congregation of The Presbyterian Church in Ireland STATEMENT OF FINANCIAL AcfiviTY for the year ended 31 December 2024 Income and Endowment5 from: Donations and legacies Charitable activities Other 211495 211849 2509 3621 677 423344 6130 1507 414362 1877 5370 830 Total 214681 216300 430981 421609 Expenditure on: Raising funds Charitable activities 650 154929 650 216449 1300 371378 1210 388360 Total 155579 217099 372678 389570 Net gains/{losses) on investments 10 -361 Net Income / (expenditure) Transfers between funds Prior year adjustment 59102 -799 30123 58303 31678 -30123 -13655 Net movement in funds 28979 29324 58303 18023 Reconciliation of funds: Total funds brought forward 631874 176716 808590 790567 Total funds carried forward 660853 206040 866893 808590 16
an FIRST ANTRIM pREs8ERIAN CHURCH a Congregation of The Presbyterian Church in Ireland BALANCE SHEET As at 31 December 2024 Flxed assets: Tangible assets Heritage assets Investments 468447 468447 485283 10 Total fixed assets 468447 468447 485283 Current assets Debtors 11 18908 38400 57308 49931 Current Investments Cash at bank and in hand 12 173498 167640 341138 332711 Total current assets 192406 206040 398446 382642 Liabilities: Creditors: Amounts falling due within 13 one year 12978 Net current assets or liabilities 192406 206040 398446 369664 Total assets less current liabilities Creditors: Amounts falling due after more than one year Provisions for liabilities 46357 Total net a55et5 or liabilities 660853 206040 866893 808590 17
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland BALANCE SHEET As at 31 December 2024 Funds of the charity Restricted income funds 14 206040 206040 176716 Unrestricted funds 14 660853 660853 631874 Total charity funds 660853 206040 866893 808590 Approved by the Kirk Session on 16th September 2025 and signed on it5 behalf by Rev.Stephen Lockington Harry Latimer Minister Clerk of Session 18
an FIRST ANTRIM PRES8YfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland IFRS1021 (effective l January 2015). The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial Statements include all transactions, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members. FUND ACCOUNTING Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl 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 average balance basis. Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. 19
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES (conVd} INCOMING RESOURCES (i) Recognition of incoming resources These are included in the Statement of Financial Activities ISoFA} when.. the congre8ation becomes entitled to the resources; the trustees are virtually certain they will receive the resources. and the monetary value can be measured with sufficient reliability. (li) Incoming resources with related expenditure Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA. (iii) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. (Iv) Tax reclaims on donatlons and glfts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (v) Contrartual Income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. 20
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES (convd) (vi) Donated services and facilities These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. (vlll Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. (viii) Investment income This is included in the accounts when receivable. {Ix) Investment gains and losses This includes any gain or105s on the sale of investments and any gain or loss resulting from revaluin8 investments to market value at the end of the year. EXPENDITURE AND LIABILITIES (x) Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. (xi) Governance costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. (xii) Grants with performance conditions 21
an FIRST ANTRIM PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES (convd) (xiii) Grants payable without performance conditions 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 charity. ASSETS (xiv) Tangible Fixed Assets Tangible fixed assets 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 gifted, at the value to the charity on receipt. Depreciation 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, fittings and equipment Motor Vehicles Computers, software and technical equipment - over SO years - over 10 years - over 4 years - over 4 years (xv) Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees, best estimate of market value. 22
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2024 DONATIONS AND LEGACIES Recorded giving; Loose collections Donations and gifts Gift Aid Legacies and bequest 153,315 140324 5,976 310 24,735 13151 27,469 29900 28164 293,639 6,286 37,886 57,369 28,164 168450 6251 174100 60495 5066 211,495 211849 423,344 414362 CHARITABLE AcfiviTIES Income from charitable activities Fees from weddings and funerals Sale of magazines and books Fundraising events Photocopier receipts 560 690 1,250 520 1,870 20 2,911 1,890 2,911 79 1297 79 60 23
an FIRST ANTRIM PRES8YfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland 2,509 3,621 6,130 1877 NOTES TO THE ACCOUNTS (convd) 31 December 2024 OTHER INCOME Miscellaneous receipts 677 677 525 Interest received Rental income received Council grants received 30 30 1750 3095 800 800 677 830 1507 5370 24
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (conyd) 31 December 2024 5. RAISING FUNDS FWO envelopes 650 650 1300 1210 650 650 1300 1210 6. CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Church refurbishment Governance costs 30175 1515 86345 34873 128 30303 1515 86345 86971 30953 1386 98036 71936 52098 500 151390 151890 143440 12233 1521 600 12233 2121 41039 1570 154929 216449 371378 388360 25
an FIRST ANTRIM PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2024 7. EMPLOYEES Employment Costs Wages and Salaries Social Security Costs Pension contributions 67544 70945 9981 10033 11999 11761 89524 92739 Number of Employees The average number of employees, including the minister of the congregation, during the year was Average number of employee5 There were no employees in receipt of employee benefits in exce55 of £60,000. 26
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2024 8. PENSION COSTS The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme (20091. This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employerfs pension contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme {2009) 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 Trustees have agreed 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 Presbyierian Church agreed 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 funding the scheme deficit. The contributions made by the congregation during the year were Contributions 11197 10664 The congregation operates a defined pension contribution policy for its employees. The scheme and its assets are held by an independent scheme manager. The pension charge represents the contributions due from the congregation during the year Contributions 802 1097 27
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2024 9. TANGIBLE FIXED ASSETS Cost or valuation At start of year Additions Disposals 746166 11070 11500 768736 At end of year 746166 11070 11500 768736 Depreclatlon At start of year Provision for year Disposals 263448 14271 8505 11500 283453 2565 16836 At end of year 277719 11070 11500 300289 Net Book Value At start of year 482718 2565 485283 At end of year 468447 468447 The main Church dates from 1834 and is a listed building. The historical, fully depreciated, cost was £3,000. The Church, halls, manse and sexton's dwelling are fully insured for total rebuilding costs of £9,488,432, including VAT and fees, as at 31. October 2024. 28
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2024 10. INVESTMENTS 2024 2023 Presbyterian Mutual Society Consolidated Stock 2024 2023 Value at start of year Transfer in from Missionary & Student Fund Disposals Impairment, full write off Gains / (Losses on revaluation) 164 197 -361 Value at end of year Presbyterian Mutual Society (formerly in Administration 2008 to 20131. At a meeting of Church Session held on 23rd March 2021 it was proposed, seconded and approved by Session that the balance remaining with PMS be written off as all available information indicates that no further distributions will be forthcoming. Since then a further small balance has been identified in the Missionary & Student Fund and has been written off last year. A small amount of War Stock held as an investment for many years no longer has an encashable value and was also written off in the previous year 29
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2024 11. DEBTORS 2024 2023 Gift Aid Recoverable VAT Reclaim due 57308 49931 57308 49931 12. CASH AT8ANKAND IN HAND 2024 2023 Ulster Bank current accounts 341138 332711 341138 332711 13. CREDITORS: amount falllng due wlthln one year 2024 2023 Interest free loans received Church build term loan 12978 12978 30
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2024 14. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at start Income Expend. Gains/ Transfer Losses Balance at end Unrestricted Funds General fund Buildings fund General assets fund 146591 482718 2565 214681 138743 14271 2565 -30123 192406 468447 631874 214681 155579 -30123 660853 Restricted Funds United Appeal Specified Donations Property fund Outreach fund Benevolent fund Organ fund Interest Free Loans Bequests fund Church Build fund 15401 56455 37972 14241 82171 31895 357 15 15 10015 15 15253 1768 37481 1756 2928 12866 27783 694 2770 13650 1101 19950 1031 2750 677 8457 76190 3S683 20 30 12988 1558 -28164 -6372 28164 15749 76175 29807 Organisations funds Manobo Tribe Support Missionary and Student fund 22194 2759 5924 12652 3768 46109 16448 1621 45053 -1055 250 9888 17343 5156 16868 176716 216300 217099 30123 206040 31
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (conVd} 31 December 2024 15. RELATED PARTY TRANSACTION One of the Trustees, the minister of the congregation received remuneration of £46,656 and expenses of £453 for acting in that capacity. Pension contributions of £11,197 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme120091. None of the other trustees received any remuneration. During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity £30,303 for congregational assessments £16,303 towards the United Appeal £2,785 toward the World Development Appeal etc. The congregation contributed £1,515 towards Presbytery Assessments during the year There were no other related party transactions. 32