an FIRST ANTRIM PRES8YTERIAN CHURCH a Congregation ot The Presbyterlan Church In Ireland FIRST ANTRIM CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 202S Re8lStered Charity in Northern Ireland {NIC1049511
Presbyter an FIRST ANTRIM PRES8YfERIAN 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 2025 including a Balance Sheet as at that date. REFERENCE AND ADMINISTRATIVE DEfAILS First Antrim congregation of the Presbyterian Church in Ireland Church Street, Antrim BT414BA Registered Charity in Northern Ireland INIC1049511 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 LT. Creighton D.K. Elliott M.R. Finlay l. Hamill M.W. Herbison R. Kirkpatrick T. R. H. Latimer Rev. 5. J. Lockington BA BD H. Mcc. Matchett S. Mccormick W.H. McFadden P. McFetridge R. McKeown R.P. McKibben N. McKnight (retired 3 Nov 251 D.W. Mcmahon J. Onne Simpson D.A.Thompson PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev. S. J. Lockington BA BD W.H.McFadden G.Ferguson
an FIRST ANTRIM PRESBrrERIAN CHURCH a Congregation of The Presbyterlan Church In Ireland TRUSTEES ANNUAL REPORT (continued) INDEPENDENT EXAMINER Hopper & Co 6 Doagh Road Ballyclare BT39 9BG BANKERS Ulster 8ank 49 Wellin8ton Street Ballymena BT43 6AD SOLICITORS Anderson Glllan 8arr 32 Church Street Antrim BT414BA
an FIRST ANTRIM pREsBER1AN CHURCH a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (continued) STRucfuRE AND MANAGEMENT The Klrk 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 bound5. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in the local community- The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the congregation. 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 ofthose proposed to be called to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote. Presbytery Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. First Antrim Presbyterian Church has been a55igned to the Templepatrick Presbytery of the Presbyterian Church in Ireland. The membership of the
Presbyter an FIRST ANTRIM PRES8YfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (continued) Presbytery con51Sts 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 congre8ation. The General Assembly The General Assembly is the supreme court of the Church, representln8 in one body the whole Church and acting as its supreme legislative, administrative and judiclal authority, in deallng 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, retlred minsters and a representative elder appointed by the Kirk Session of each congregation. DESCRIPTION AND PURPOSE First Antrlm is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church wlthln the wlder 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 its members to play their part in fulfilling God's mission to our world. The con8regation's misslon purpose is for the fame of Christ. to be disciples and make disciples in Antrim and beyond. Jesus offers this promise in John lo'.10 '1 have come that they may have life, and have It to the full" Thi3 promise Is full of Fneanlng. "Full Life" in Jesus is the greatest need of all who don't believe 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. 3. We value togetherness, developing community in our Church family. We strive to be a friendly Church.
Presbyter an FIRST ANTRIM PR£SBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland 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 prartical 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 3re led fornard to the years ahead. 10. We will focu5 our resources on our mission to be disciples and to make disciple5. AcrivrriES AND OBJEcnvES The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is observed on several occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation holds regular Bible study meetings and has a wide range of organisations including Sunday School (Friends of God Club) Youth Club Elevation {Teenage Group) Boys, Brigade Gir15' Brigade Chat'n Chew Itea and coffee moming group) Craft Class Friendship Group Presbyterian Women Men's Ministry Ladies Bible Study- 2 groups Men's Bible Study- 2 groups Joint Bible study group for couples and others Little Legends
an FIRST ANTRIM PRESBYTERIAN CHURCH Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT {con*inutd) ACHIEVEMENTS AND PERFORMANCE Worship and prayer The congregation normally meets for worship each Sunday at 10.30am and 6.30pm. During the week. members meet for fellowship. to studythe scriptures and for a time of prayer. As well as our regular services during the year we acknowledged God's gift of new life at 4 Sacrament of Baptism, we gave thanks for faithful services and sought to comfort those who had been bereaved during the year. At 31 December 2025 there were 27012024.2791 communicant members and 358 12024.3721 families connected with the congregation. The average week attendance at morning worship is 200 {2024:198} with 3 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 members of the congregation. Mission and outreach At a local level the congregation engages in local evangelism through a ranBe of organisations including the following= Boy5, Brigade Girls, Brigade Christians Against Poverty Chat 'N Chew Friendship Group Youth Club Annual Holiday Bible Club Men's Ministry Presbyterian Women Bible Study Groups School Uniform Bank Little Legends Imums & 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 Mi55ion which 15 a central fLJnd 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 basi5 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 rninistry students, and financially sUPPOrt5 congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. The congregation also support5 the Presbyterian Children's Society and the World Development Appeal. The congre8ation supports members permanently or temporarily involved in missionary service at home or overseas. In 2025. support was provided for two families serving as OMF missionaries in Japan and the Philippines. Support was also provided for a young member serving a year with Crown Jesus Ministries. The church has also appointed an outreach worker to bring the gospel to the Antrim Community. 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.
Presbyter an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (Continued) Organisations Organi5ation Summary ofArtivty Regular Attendance Level 36 80Is Brigade Meets weekly on a Monday night. We work with boys between the ages of4 and 18. We have a varied programme of artivities to fulfil our objert of advancing Christ'5 Kingdom amongst boys and promoting habits of obedience, reverence. discipline and self-respect. Meets weekly on a Wednesday night. We carry out a wide range of artivities to help 8irls develop spiritually, physically and emotionally, leam 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 led by a guest speaker. Meets monthly on a Tuesday night. Each meeting is led by a special speaker and supper is provided. Ladies increasingly enjoy being together. A group for young people of secondary school age, meeting on Sunday mornings or evening5. 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 spread the Gospel of Jesus Meets monthly on a Tuesday afternoon. The aim is to provide friendship and fellowship, promoting inter6Ctlon for Ihe beneflt of people In thè 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 Tuesdav evenings to study the bible, have refreshments and enjoy bein8 together. We meet for 6 week5 before Christmas and 12 week5 after. Girl's Brigade 35 girls aged 3 yrs- 18 from a variety of backgrounds Youth Club 23 regulars pw 40-70 ladies, breakfast 100 + Elevation Between 15 & 25 young people Friends of God Club1Sunday Schooll Craft Class 20 18 ladies Friendship Group 40-50 aged 50+ Ladies Bible Study 50
Presbyter an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland Chat'n Chew Meets on a Thursday morning for friendship and a cuppa 20 Other Bible study groups Three men's groups meet Wednesday morning5 and evenings and a further group on Thursday evenings to study the 8ible and enjoy being together 25-30 Little Legends (Mums & Tots Group) Meet on Wednesday morning5 for children to pre- school a8e to get together and have fun while thè parents chat and enjoy fellowship 40 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 benèfit to its member5 and the general public by making known the Chrlstian 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, thls framework leads to practical expressions of Christian belief5 and standards in the local community such as throu8h the care of those in need lincluding 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 centr211y. Local delivery 15 facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertlsement, 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 ofthe public. io
Presbyter an FIRST ANTRIM PRESBYfERIAN 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 benefit5 as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland 15 in direct and indirett cont3Ct with, the community in which pastoral service5 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 individu31 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 Weeklv Freewill Offering. There were 219 contributors during the year12024: 2121 donating a total of £159,02612024- £156.418). Tot31 Income of the congregation during the year was £451,401, compared to £430,981 in the previous year. Total expenditure in the year wa5 £356.17612024'. £372.678). li
Presbyter an FIRST ANTRIM PRE5BrfERIAN CHURCH Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT Icontinued) RESERVES POLICY The Trustees review the financial posltion of the Charlty 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 reserve5 that It is approprlate 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 E256,249 (excluding fixed assets), which represents a fair level of reseryes when compared to the six-monthly expendltijre of around £76,000 IExcludin8 any one-off building workl, The l-ru5tees consider it prudent to hold reserves at this level as the fundin8 of present activities is dependent on the on8oin8 financlal support of members. RISK REVIEW A review of major risks has been undertaken by the Trustees and systems and procedures implernented 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 mitlgated by the Trustees, and the Congregational Committee, regularly monitoring the various activities of the con8regation at stated meetings and by encouraging members in their regular giving. STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparlng the Annual Report and the financial statements in accordance with applicable law and United Klngdom 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 affair5 of the congregation and the financial activities for that yèar. In preparing the financial statement5 the Trustees are required to: selert suitable accounting policies and then apply them consistently 12
Presbyter an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland 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 5tatement5 comply with the Statement of Recommended Practice".Accounting and Reporting by Charities {1 January 2015)". They are also responsible for safeguardin8 the assets of the congregation and hence for taking reasonable steps tor the prevention and detection of fraud and other irregularities. Approved by the Kirk Session on 19th May 2026 and signed on its behalf by Harry McFadden Rev. Stephen Lockington Clerk of Session Minister 13
Presbyter 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 2025 which are contained within the 2025 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 Irelandl 2008. The Trustees consider that an audit is not required under section 65{21 (audit) of the Charities Act INorthern Ireland) 2008 for the year and that an independent examination under section 6411) 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. Basis of independent examiner's report My examination was carried out under Section 65 of the Charities Act (Northern Irelandl 2008. An examination includes a review of the accounting records kept by the Chtjrch and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statement5 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 has come to my attention which give5 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 whith 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 pinion. atten ion should be drawn in order to enable a proper understa I statements to be reached. ael Ho er, Hopper & Co, Chartered Accountants. th 20 May 2026 14
Presbyter an FIRsf ANTRIM PRESBYfERIAN CHURCH Congregation of The Presbyterian Church in Ireland STATEMENT OF FINANCIAL AcfiviTY for the year ended 31 December 2025 Income and Endowments from: Donation5 and legacies Charitable activities Other 198585 461 10117 240703 621 914 439288 1082 11031 423344 6130 1507 Total 209163 242238 451401 430981 Expenditure on: Raising funds Charitable activities 689 152632 689 202166 1378 354798 1300 371378 Total 153321 202855 356176 372678 Net gains/1055es) on investments io Net Income / lexpenditure) Transfers between funds Prior year adjustment 55842 -6270 39383 6270 95225 58303 Net movement in funds 49572 45653 95225 58303 Reconciliation of funds: Total funds brought forward 660853 206040 866893 808590 Totsl funds carried forward 710425 251693 962118 866893 15
Presbyter an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland BALANCE SHE As at 31 December 2025 Fixed a55ets: Tangible 355ets Heritage assets Investments 454176 454176 468447 io Total fixed assets 454176 454176 468447 Current assets Debtors li 22073 22592 44665 57308 Current Investments Cash at bank and in hand 12 234176 229101 463277 341138 Total current assets 256249 251693 507942 398446 Liabllities.. Creditors= Amounts falling due within 13 one year Net current assets or liabilities 256249 251693 507942 398446 Total a55ets less current Ilabllitie5 Creditor5- Amounts falling due after more than one year Provisions for liabilities Total net assets or liabilities 710425 251693 962118 866893 16
Presbyter an FIRST ANTRIM PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland BALANCE SHEEr As at 31 December 2025 Funds of the charity Restricted income funds 14 251693 251693 206040 Unrestricted funds 14 710425 710425 660853 Total charity funds 710425 2S1693 962118 866893 Approved by the Kirk Session on 19th May 2026 and signed on its behalf by Rev.Stephen Lockington Harry McFadden Minister Clerk of 5e55ion 17
an FIRST ANTRIM PRESBITERIAN CHURCH a Congregatlon of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2025 ACCOUNTING POLICIES BASIS OF FINANCIAL sfATEMENTS 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 IFR5102) (effective l January 20151. The financial statements have been prepared under the historical cost convention except for investment assets. whlch are shown at market value. The financial statements include all tran5actlons, 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 8atherin8s of church members. FUND ACCOUNTING Re5trlcted funds comprise lal income from endowments which is to be expended only on the restritted purposes intended by the donor and {bl revenue donations or grants for a specific con8regational 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 bas15. Unrestritted funds are income funds which are to be spent on the congregatlon's general purposes. Designated funds are general funds set aside by the congregation for use in the future. 18
an FIRST ANTRIM PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2025 ACCOUNTING POUCIES (convd) INCOMING RESOURCES (il Recognition of incoming resources These are included in the Statement of Financial Activities {5oFAI when: the congregation becomes entitled to tFie resources; the trustees are virtually certain they will receive the resources- and the monetary value can be measured with sufficient reliability. lil) Incoming resources witl? related expenditure Where incoming resources h?ve related expeiiditL¢re {as with fundraising income) th. incoming resources and related eApenditLire are reportLed gross in the SOFA. liiil Grant5 and donations Grants and donations are only included in the SOFA when the iongreg3tion has unconditional entitlement to the resources. liv) Tax reclalms on donation5 and glfts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (v) Contractual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. 19
an FIRST ANTRIM PRES8YfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE Accoumrs 31 December 2025 ACCOUNTING POLICIES (convd) Ivi) Donated ser¥ices 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. (viil Volunteer help The value of any voluntary help received is not included in the accounts but is described in the tru5tees' annual report. Iviii) Investment income ' This is included in the accounts when receivable. (ix) Investment gains ahd losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND UA81LITIES Ixl Llability recognition Liabilities are reco8nised as soon as there is a legal or constructive obligation commltting the congregation to pay out resources. {xi} Governance costs These are shown within charitable attivities and include the costs of preparation and examination of accounts. the costs of tnjstee meetings and cost of any legal advice to trustees on governance or constitutional matters. {xiil Grants with performante conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants 3re only recognised in the SOFA once the recipient of the grant has provided the specified service or output. 20
an FIRsf ANTRIM PRESBYTERIAN CHURCH Congregation of The Presbyterian Church in Ireland NOTES TO THE Accoumrs 31 December 2025 ACCOUNTING POLICIES (convdl (xiiil Grants payable without pèrformance 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) Tan8ible 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 charitv 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 50 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. 21
Presbyter an FIRST ANTRIM PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (convdl 310ecember 2025 DONATIONS AND LEGACIES Recorded 8iving'. Loose collertions Donations and gifts Gift Aid Legacie5 and bequest 159026 6665 1973 30921 172183 331209 6665 34160 67254 293639 6286 37886 57369 28164 32187 36333 19858S 240703 439288 423344 CHARITABLE AcfiviTIES Income from charitable activities Fees from weddings and funerals Sale of magazines and books Fundraising events Photocopier, drlnks machine etc 530 530 1250 461 461 1890 2911 7g 91 91 461 621 1082 6130 22
Presbyter an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (conVd} 31 December 2025 OTHER INCOME Miscellaneous recelpts 500 li 511 677 Interest received Rental income received Council grants received 6784 6787 900 2833 30 900 2833 800 10117 914 11031 1507 23
Presbyter an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (convd) 31 December 2025 5. RAISING FUNDS FWO envelopes 689 689 1378 1300 689 689 1378 1300 6. CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees MSnistry and support staff costs Congregational running expenses Donations to Mission5 and charities Church refurbishment Governance costs 29079 1654 86017 34292 29079 1654 86017 80108 30303 1515 86345 86971 45816 60 156350 156410 151890 12233 2121 1530 1530 152632 202166 354798 371378 24
Presbyter an FIRST ANTRIM PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE Accoumfs (convd) 31 December 2025 7. EMPLOYEES Employment Costs Wage5 and Salaries Social Security Costs Pension contributions 69352 67544 11073 9981 9191 11999 89616 89524 Number of Employees The average number of employees. including the minister of the congregation, during the year was Average number of employees There were no employees in receipt of employee benefits in excess of £60.000. 25
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (convd 310ecember 2025 8. PENSION COSTS The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme120091. 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 Scheme120091 is a funded Scheme of the defined benefit type. providing defined benefits based on career average revalued salary. The Scheme h35 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 Presbyterian 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 ost of insuring death in service benefits and funding the scheme deficit. The contributions made by the congregation during the year were Contributions 8451 11197 The rongregarion operates a defined pension contribution policy for its employees. The scheme and its assets 3re held by an independent scheme manager. The pension charge represent5 the contribution5 due from the congregation during the year Contributions 740 802 26
Presbyter an FIRST ANTRIM PRESBYTERIAN CHURCH a Congregation of The Pre5byterlan Church in Ireland NOTES TO THE ACCOUNTS {conVd) 310ecember 2025 9. TANGIBLE FIXED ASSETS Cost or valuation At start of year Additions Disposa15 746166 11070 11500 768736 At end of year 746166 11070 11500 768736 Depreciatlon At start of year Provision for year Disposals 277719 14271 11070 11500 3CQ289 14271 At end of year 291990 11070 11500 314560 Net Book Value At start of year 454176 454176 At end ofyear 468447 468447 The main Church dates from 1834 and is a listed building. The historical, fullv depreciated. cost was £3,000. The Church, ha115, manse and 5exton'5 dwelling are fully insured for total rebuilding costs of £9,488.432, including VAT and fee5, as at 31st October 2025. 27
Presbyter an FIRST ANTRIM PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2025 10. INVESTMENTS 2025 2024 Presbyterian Mutual Society Consolidated Stock 2025 2024 Value at start of year Transfer in from Missionary & Student Fund Disposals Impairment. full write off Gains / (Losses on revaluation) Value at end of year Presbyterian Mutual Society (formerly in Administration 2008 to 20131. At a meeting of Church Session held on 23 March 2021 it was proposed. seconded and approved by Session that the balance remaining with PMS be wrttten off as all available information indicates that no further distributions will be forthcoming. Since then. a further small balance has beèn identified in th@ hAissionary & Stud¢nt Fund and h43 also been wrltlen off. A small amount of War Stock held as an investment for many years no longer has an encashable value and was also written off. The church does not currently have any investment assets other than interest bearing deposits of £200,000 as of 31SI December 2025. 28
an FIRST ANTRIM PRESBYfERIAN CHURCH Congregation af The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS {conYd) 31 December 2025 11. DE8TORS 2025 2024 Gift Aid Recoverable VAT Reclaim due 44665 57308 44665 57308 12. CASH AT BANK AND IN HAND 2025 2024 Ulster Bank accounts including deposits 463277 341138 463277 341138 13. CREDITORS: amount falling due within one year 2025 2024 Interest free loans received Church build term loan 29
an FIRST ANTRIM PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church in Ireland NOTES TO THE Accoupifs {conVd) 31 December 2025 14. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at start Income Expend. Gains/ Losses Transfer Balance at end Unrestrirted Fund5 General fund Building5 fund General assets fund 192406 468447 209163 139050 14271 -6270 256249 454176 660853 209163 153321 -6270 710425 Restricted Funds United Appeal Specified Donations Property fund Outreach fund Benevolent fund Organ fund Interest Free Loans Bequests fund Church Build fund 2928 12866 27783 694 2770 13650 15681 78069 44186 16195 92065 30013 2414 5025 42056 694 2812 23628 6155 loo 58 9994 li 16 16 li 76175 29807 22 1505 76153 51973 23671 Organisations funds Manobo Tribe Support Missionary and Student fund Sundries 17343 5156 16868 18753 3487 48221 14794 1185 47011 21302 7433 18118 -25 40 107 22 115 2061)40 242238 202855 6270 251693 30
an FIRST ANTRIM PRESBYfERIAN CHURCH Congregatlon of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (¢onVd) 31 December 2025 IS. RELATED PARTY TRANSACTION One of the Trustees. the minister of the congregation received remuneration of £48,289 and expenses of £505 for acting in that capacity. Pension contributions of £8,451 were paid bv the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme12009). None of the other trustees received any remuneration. Ourlng the yéar the congregation contributed the following amounts to Fund5 of the General Assembly of the Presbyterian Church in Ireland 3 separate charity £29,079 for congregational assessments £16,195 towards the United Appeal £1,910 toward the World Development Appeal The con8re8ation contrlbuted £1.654 towards Presbytery Assessments during the year There were no other related party transactions. 31