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
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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
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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)

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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

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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

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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

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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

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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
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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

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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
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FIRST ANTRIM pREs8￿ERIAN 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
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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
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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.
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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

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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
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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.
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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
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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
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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