an FIRST PRESBYTERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland First Presbyterian Church Portadown a Congregation of the Presbyterian Church in Ireland Trustees, Annual Report and Financial Statements for the year ended 31 December 2025 Registered with the Charity Commission for Northern Ireland NIC104957
an FIRST PRESBYTERIAN CHURCH PORTADOWN 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 DETAILS First Presbyterian Church Portadown a Congregation of the Presbyterian Church in I reland 3 Lynden Gate Park, Portadown, Co Armagh, BT63 5YJ Registered Charity in Northern Ireland INIC1049571 CHARITYTRUSTEES The charity trustees who served during the year or who were trustees as at 26 May 2026 were.. - Rev l Abraham lappointed l November 20251 Mr Noel Brownlee Mrjohn Crozier Mr Robert Dowey Mrsamuel Gamble Mr Eric Hammond Mr Jon Hu nter (appointed 13 April 20251 Mr Robert Irwin Mr Mark Kent Mr Nigel Mcclelland Mr James McKittrick Mr phillip Patterson Rev Robin Brown Iretired 31 October 20251 Dr Gilbert Carson Mr Brian Dawson Mrjohn Finlay MrGareth Greer Mr David Hunter Mr Stephen Hunter MrGary Kennedy Mrwj Mccavery Mr Brian McGuire Mrmark Neale Mrwilliam Ruddell PRINCIPAL OFFICE BEARERS Vacancy Convenor Clerk of Session Church Secretary Treasurer Rev lanAbraham Mr Robert Dowey Mrjonathan Graham Mr Nigel Jameson
an FIRST PRESBYTERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland TRUSTEES, ANNUAL REPORT Icont'd) AUDITORS Ruddell & Company Chartered Accountants & Registered Auditors 16 Chu rch Street Dungannon Co Tyrone BT716AB BANKERS Bankof Ireland 13 Market Street Lurgan Co Armagh BT66 6AR
an FIRST PRESBYTERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland TRUSTEES. ANNUAL REPORT {cont'dl STRUCTURE AND MANAGEMENT The Klrk Session The charity trustees o* 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 seek5 to further the contribution of the church to Christian wStnes5 and service in the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation includ ing administering all funds and property belonging to the congregation. Members of the Kirk Session are members of the Congregational Committee. The Kirk Session cons15ts of the ordained minister and the ruling elders of the congregation. All members are entitled to propose, speak and exercise equal vote5 at meetings, except that the Moderator, the minister in active duty in the congregation, has no deliberative role but only a casting vote. stated meetings of the Kirk Session are held at least twice each year. 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. Presbytery of Armagh 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 Presbyterian Church Portadown has been assigned to the Armagh Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active mlnlsters of congregations assigned to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of each congregation.
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland TRUSTEES, ANNUAL REPORT {cont'd) The General Assemblv The General Assembly is the supreme cou rt of the church, representing in one body the whole church and acting as its supreme legislative, adrninistration and judicial authority, in dealing with all matters brought before it. The General Assembly in 2025 was constituted from 10th to 12 June for worship and to conduct its busines5. 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. DESCRIPMON AND PURPOSE First Presbyterian Church Portadown 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 congregation's mission purposes are by the grace of God, to help people of all ages become fully devoted followers of Jesus Christ. Our vision is, by the grace of God, to be an inclusive, welcoming community of Christ's people of all ages, which.. is increasingly characterised by love for God, and love and concern for others; Is committed to the historic Christian gospel as revealed in the Bible,. is relevant to people of this time and place. The congregation aims to live out it5 mission and vision as a family of God's people by being.. a covenant community.. where our relationships are rooted in the promises of God by living faithfully toward him and toward one another. an intergenerational community: where adults intentionally take the lead to engage with, encourage and nu rtu re younger members to maturity in Christ,. an outward looking community.. where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bou nds of our community. As a congregation of the Presbyterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechisms set out what we understand the Bible teaches on key matters of Christian faith and practice.
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland TRUSTEES, ANNUAL REPORT (convd) ACTIVITIES AND OBJECTIVES The congregation meets for worship every Sunday morning and evening and visitors are welcome. The sacrament of the Lord's Supper is observed on several occasions during the year and all those 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 organlsations including Boys, Brigade Chatterbox for mothers and toddlers Choir CLICK Iministry to children each Sunday) Creation Carers Eden Girls EdenderryC.E. Edenderry Fellowship and Luncheon Club FP Wheels Club LOFT groups Presbyterian Women Senior C.E. Fellowship Shine Cafe Youth Bible class Youth Fellowship ACHIEVEMENTS AND PERFORMANCE Worship and prayer The congregation normally meets for worship each Sunday at Il=OOam and 6'.30pm. During the week a Bible Study provides an opportunity for members to meet for fellowship, to study the scripture5 and for a time of prayer. As well as our regular services during the year we also gave thanks for faithful services and sought to comfort those who had been bereaved during the year. At 31 December 2025 there were 412 communicant members and 471 families connected with the congregation. The average weekly attendance at morning worship is 300 and at evening worship 130. 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 one of the congregation's pastoral vlsltors.
Presbyter an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland TRUSTEES, ANNUAL REPORT Icont'd) Mission and outreach At a local level the congregation is pro-active in seeking to be obedient to the congregation's mission statement which is "Passion for Christ, Compassion for People" This mission is delivered through the faithful preaching of God's word each Lord's Day, pastoral visltation and a varied programme of weekly events and teaching through chu rch organisations and occasional "one off" outreach events. 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 mlssion of the denomination and to do mission and outreach on denominational basis beyond what the congregation could do on its own. The United Appeal fu nd provides financial 5UPPOrt for mission personnel at home and overseas, a551Sts congregations Wlth the deployment of Socally based staff, enables church planting, provides grant su pport for the upkeep of church premises, a5SlSts with the running costs of Union Theological College, the church's training college for ministry student5, and financially supports congregations in the areas of worship, discipleship. global mission, outreach, leadership and pastoral care. Presbytery of Armagh The congregation was represented at the regular meetings of Presbytery by our minister and an elder. This provides an important link between the congregation and the wider 5trvctures 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 Buildlngs, Belfast, in June. Organisations The church has a Bible Class teaching programme each Sunday morningi and a Youth Fellowship on alternate Sunday evenings after church. During the week there is a Boys, Brigade Company, Eden Girls, Edenderry C.E. on Saturday night, a Senior Christian Endeavour, a monthly senior citizens, meeting and several prayer meetings. These organisations cover the full range of ages and include Bible teaching and a time of prayer. Each Wednesday our main hall is used by our mothers, and toddlers, group. Many children and their carers are regular attenders.
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland TRUSTEES, ANNUAL REPORT (cont'dl 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 BENEFITSTATEMENT 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 purpose5 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 Catechismsl leading to spiritual and moral development and opportunities for response to Bible teaching. In tu rn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need lincluding the sick, disabled and bereaved). Generally, the above beneflts are delivered locally by congregatlons and their members, or are facilitated through Presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resou rces in almost all cases. Publlc access is made known through the use of noticeboards, printed material, press advert15ement, websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and Informal and ad-hoc feed back from members, their families, and members of the public. The purpose does not lead to harm. The only private benef it f lowing 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 15 incidental and necessary in order to further our charitable purpose. There are no other prlvate benefits. The beneficiaries of this purpose are member5, their lamilies, 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 Commission's public benefit requirement statutory guidance.
an FIRST PRESBYTERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland TRUSTEES, ANNUAL REPORT Icont'd) FINANCIAL REVIEW The principal source of income of First Presbyterian Chu rch Portadown continues to be from donations and plate collectlons. The principal expense of First Presbyterian Church Portadown is in respect of payments regarding congregational running expenses and donations to missions and charities. First Presbyteiian Church Portadown had a net gain of £46,225.49 for the year ended 31 December 2025. First Presbyterian Church Portadown continue5 to be in a healthy financial state as at 31 December 2025 with total cash funds of £539,027.42. First Presbyterian Church Portadown alms to retain sufficient reserves to meet its expected futu re expenditure requirements as well as potential future capital projects. RESPONSIBILITIES IN RESPEcf OF THE FINANCIAL STATEMENTS The trustees are responsible for preparing the annual report and the financial statements in accordance with appllcable 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 activitie5 for that vear. In preparing the financial statements the trustees are required to.. select suitable accounting policies and then apply them consistently 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 congregation and enable them to ensure that the financial statements comply with the Statement of Recommended Practice "Accounting and Reporting by Charities11 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.
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland TRU5TEES' ANNUAL REPORT (cont'd) GOING CONCERN The activities of the congregation are dependent on ongoing contributions from its members. The trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of Signing this report and subject to the continu ing sUPPOrt from members to fund on an ongoing basis the congregation's current activities and other financial commitments. RESERVES POUCY The trustees have considered the level of unrestrlcted reserves that it is appropriate to hold taking account of current and ongoing commitments. It is the policy of the trustees to hold reserves equivalent to between 3 and 6 months normal expenditure. At the year-end unrestricted reserves were £147,467.27 which represents an adequate level of reserves. The trustees however, consider it prudent to hold reserves at this level as the funding of its present activities is dependent of the ongoing financial support of members. RISK REVIEW A review of major risks has been undertaken by the trustees and systems and procedu res implemented to manage identified risks. The principal risks are in relation to the Ilkelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from member5. These risks are mitigated by the trustees, and the Congregational Committee, regularly monitoring the vaiious activities of the congregation at stated meetings and by encouraging member5 in their regular giving. Approved by the Kirk Session at a meeting on 26 May 2026 and signed on its behalf by MrR ertJD wey illiam l McKittrick io
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland UNQUALIFIED INDEPENDENT EXAMINERS OR AUDITORS REPORT TO THE TRUSTEES OF FIRST PRESBYTERIAN CHURCH PORTADOWN A CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Opinion We have audited the accounts of the First Presbyterian Church Portadown for the year ended 31 December 2025 which comprise the statement of financial activlties, the balance sheet and the notes to the accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation 15 applicable law and United Kingdom Accounting Standards, includ ing Financial Reporting Standard 102 The Flnancial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practicel. This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities IAccounts & Reports) Regulations (Northern Irelandl 2015 and regulations made under section 66 of that Act. Our audit work has been undertaken so that we might state to the charit¢s trustees those matters we are required to state them in an auditors, report and for no other pu rpose. To the fullest extent permitted by law, we do not accept or assume responsibllity to anyone other than the charity and its trustees as a body, for our audit work, for this report. or for the opinions we have formed. In our opinion the accounts: Give a true and fair view of the state of the charity's affairs as at 31 December 2025 and of its incomlng resources and application of resources, for the year then ended,. Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and Have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standard5 are further described in the auditors, responsibilities for the audit of the accounts section of our report. We are independent of the chu rch in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufflcient and appropriate to provide a basis for our opinion. li
an FIRST PRESBYTERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland UNQUALIFIED INDEPENDENT EXAMINERS OR AUDITORS REPORT TO THE TRUSTEES OF FIRST PRESBYTERIAN CHURCH PORTADOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND (cont'd) Conclusions relating to going concern We have nothing to report in respect of the following matters in relations to which the ISAS IUKI require us to report to you were: The trustees use of the going concern basi5 of accou nting in the preparation of the accounts is not appropriate,. or The trustees have not disclosed in the accounts any identified material uncertainties that may cast significant dou bt about the churches ability to continue to adopt the gong concern basis of accounting for a period of at least twelve months from the date when the accounts are authorised for issue. Other information The other informatior> comprises the informatlon included in the actual report, other than the accounts and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the accou nts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the accounts, our responsibility is to read the other information and, in doing do. consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially mi55tated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material mi5Statement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclLJde that there is a material misstatement of this other information,. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception In the light of the knowledge and understanding of the trustees and its environment obtained in the course of the audit, we have not identif led material misstatements in the trustees, report. 12
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland UNQUALIFIED INDEPENDENT EXAMINERS OR AUDITORS REPORT TO THE TRUSTEES OF FIRST PRESBYTERIAN CHURCH PORTADOWN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND {cont'd) We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 requires us to report to you if, in ouropinion.. The information given in the trustees, report is inconsistent in any material respect with the accounts,. or Suff icient accounting records have not been kept, or,. The accounts are not in agreement with the accounting records,. or We have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees, responslblllties, the trustees are responsibilities for the preparation of the accounts and for being satisfied that if they give a true and fair view, and for such internal control as the directors determine Is necessary to enable the preparation of the accounts that are free from material misstatement, whether due to fraud or error. In preparing the accounts, the trustees are responsible for assessing the church's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do 50. Auditorg responsibilltles for the audit of the financlal statements Our objectives are to obtain reasona ble assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error and to issue and auditors report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts. A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council's website at.. htt www.frc.or auditorsres onsibilities. This description forms part of our auditors report. Ruddell & Company chartered Accountants & Registered Aud itors 16 Church Street Dungannon 13
an FIRST pREsBER1AN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2025 Income and Endowments from Donations and legacies Charltable activities other trading activities Investment5 253,313.93 50,756.30 1.752.64 4,934.79 8,015.iX) 208,261.32 461,575.25 50,756.30 1,752.64 18,209.11 8,015.00 435.959.78 52.079.21 1,991.75 21,003.77 11.787.42 13.274.32 other Totsl 318,772.66 221,535.64 540,308.30 522,821.93 Expenditure on Raising funds Charitable activities other 2,400.00 286,374.23 18,941.14 2.400.00 393,590.08 76,738.73 2,400.IJ) 422,965.03 65,303.03 107,215.85 57,797.59 Total 307,715.37 165,013.44 472,728.81 490.668.1 Net galns/l105sesl on investments Net Income I (Empendlturel Transfers between funds Gains/l105sesl on revaluation of fixed assets 11,057.29 56,522.20 67,579.49 32.153.87 121,354.001 121.354.001 22,425.26 Net Movement in Funds 11,057.29 56,522.20 121.354.001 46,225.49 54,579.13 Reconciliation of Funds Total funds brought forward 136.409.98 2,572,540.74 496,729.63 3.205,680.85 3,151,101.22 Total Fund5 Carried Fonftlard 147.467.27 2,629,062.94 475,375.63 3,251.905.84 3,205,680.35 14
an FIRST PRESBYTERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland BALANCE SHEET As at 31 December 2025 Flxed Assets Tangible a55et5 Investments 12 58,219.91 2.249,307.45 2.307,527.36 475,375.63 2,330,681.90 496,729.63 13 475,375.63 Total Fixed Assets 58,219.91 2,249,307.45 475,375.63 2,782,9)2.99 2.827,411.53 Current Assets Debtors 14 10,915.93 91.988.86 5,029.76 447,038.56 15,945.69 539,027.42 18,270.84 520.671.08 Cash at bank and in hand 15 Total Current Assèts 102,904.79 452,068.32 554.973.11 538,941.92 Creditor5.' Amounts falllng due within one year ifj 13,657.43 70,016.75 83.674.18 82,477.34 Net current Assets or Liabilities 89,247.36 382,051.57 471,298.93 456.464.58 Total Assets le$$ Current Liabilities Creditors.. Amounts falling due after more than one year 147,467.27 2.631.359.02 475,375.63 3,254.201.92 3,283,876.11 17 2.296.08 2.296.08 78,195.76 Provlslons for Ilabllltles Total Net A55ets or Liabilities 147.467.27 2,629,(2.94 475.375.63 3,251,S.84 3,205,680.35 15
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland BALANCE SHEET Icont'd) As at 31 December 2025 Fund$ of the Charltv Endowment funds 18 475,375.63 475,375.63 496.729.63 Restrlcted funds 18 2,629,062.94 2,629,062.94 2,572.540.74 Unrestricted funds 18 147,467.27 147.467.27 136,409.98 Revaluation reserve 18 Total Charity Funds 147,467.27 2.629.062.94 475,375.63 3,251.905.84 3,205,680.35 Approved by the Kirk Session at a meeting on 26 May 2026 and signed on its behalf by MrRo ertj Dowey Mr illlam J McKittrick 26 May 2026 26 May 2026 16
an FIRST PRESBYTERIAN CHURCH PORTADOWN Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2025 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 leffective l January 20151. 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, northose that are informal gatherings of church members. Fund accountin Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion,. the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for whlch the endowment was e5tabli5hed in the first place. Restricted funds compr15e lal 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, irhterest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are income fund5 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. Incomln Recognition of incoming resources These are included in the Statement of Financlal Activities ISOFAI when.. the congregation 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. resources 17
an FIRST PRESBYTERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS Icont'dl 31 December 2025 111) Incoming resources with related expenditure Where incoming resources have related expenditure las with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA. liiil Grants and donations Grants and donations are only included in the SOFA when the congregation has uncond itional entitlement to the resources. liv} Tax reclaims on donatlons and gifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. lvl Contractual income and performance related grants This is only included in the SOFA once the related goods or seNices have been delivered. (vl) Gifts in kind Gifts in kind are accou nted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. Ivii) Donated services and facilitles There are only included in incoming resources Iwith 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 receivÈd. Iviiil Volunteer help The value of any voluntary help received 15 not included in the accounts but is described in the trustees, annual report. lixl Investment Income This is included in the accounts when receivable. {xl Investment gains and losses This include5 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. 18
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2025 Ex enditure and liabilities (xil Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. Ixii) Governance costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the cost of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. Ixllil Grants with performance conditions Where the charity gives a grant with condltlons 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. (xivl Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditlDns to be met relating to the grant which remain in the control of the charity. Assets {xvl 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 £1,000. They are valued at cost or, if gifted, at the value to the charity on receipt. The church buildings are deemed to be Heritage assets as defined by the Charitie5 SORP IFRS1021. These Heritage assets are not included on the balance sheet as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the church. The church halls are physically attached to the church and are not separable as an individual asset. As such they are deemed to be Heritage assets and no value 15 ascribed to them in the balance sheet as information on the cost or valuation is not available and such information cannot be obtained at a cost commensu rate with the benefit to the users of the accounts and to the church. 19
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS {cont'd) 31 December 2025 The Manse is recognised at cost less depreciation of 50 years. The Manse has, therefore, been fully depreciated at 31 December 2025. 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 over4years over 4 years Ixvi) 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. 20
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TOTHE ACCOUNTS Icont'd) 31 December 2025 2. DONATIONS AND LEGACIES Recorded giving Loose collections Donations and gifts Gift Aid tax refunds Legacies and bequests 202,594.57 163,159.10 8,107.17 10,055.75 3,400.08 1,802.00 39,212.11 33,244.47 365,753.67 349,472.21 18,162.92 10,595.00 5,202.08 8,366.37 72,456.58 65,526.20 2,000.00 253,313.93 208,261.32 461,575.25 435,959.78 CHARITABLE ACTIVITIES Catering income Presbyterian Women Chatterbox Fellowship and Lunthèon Club Edenderry CE Senior CE Eden Girls 4,510.00 3,625.65 1,053.25 2,732.50 37,315.90 119.00 4,510.00 3,625.65 1,053.25 2,732.50 37,315.90 119.00 1,400.00 3,875.00 3,028.80 905.11 3,189.35 39,927.75 108.20 1,045.00 1,400.00 50,756.30 50,756.30 52,079.21 21
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS Icont'd) 31 December 2025 4. OTHER TRADING ACTIVITIES Ground rents receivable 1,752.64 1,752.64 1,991.75 1,752.64 1,752.64 1,991.75 INVESTMENTS Deposit interest Interest on Gift Aid tax refunds General Investment Fund dividends 607.90 5.81 4,321.08 5,494.78 6,102.68 9,223.72 5.81 35.34 12,100.62 11,744.71 7,779.54 4,934.79 13,274.32 18,209.11 21,003.77 22
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS Icont'd) 31 December 2025 OTHER INCOME Church magazines and books Income from other events Grants Received Miscellaneous Income 2,135.00 2,080.00 3,700.00 loo.00 2,135.00 2,080.00 3,700.00 loo.00 1,580.50 5,655.00 4,521.92 30.00 8,015.00 8,015.00 11,787.42 RAISING FUNDS Freewill Offering, Property Fund and Missionary Fund envelopes 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00 23
an FIRST PRESBERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS Icont'dl 31 December 2025 CHARITABLE ACTIVITIES General Assembly assessments Presbytery fees Ministry and support staff costs Offlce Administrator salary and expenses Cleaners, salaries Congregational running expenses Bank fees 25,026.50 1,395.00 89,808.59 15,815.24 25,026.50 30,065.50 1,395.00 1,370.00 89,808.59 107,573.23 15,815.24 12,532.52 23,881.25 63,188.09 1,117.22 23,881.25 21,307.74 63,188.09 68,843.85 1,555.72 1,562.22 7,341.80 17,277.58 117,980.76 108,026.24 1,340.11 3,235.92 4,999.81 4,999.93 41,257.21 46,170.30 438.50 Loan interest Donations to missions and charities Manse rates and maintenante Children and youth ministrie5 Chuich events 7,341.80 18,545.21 99,435.55 1,340.11 4,999.81 41,257.21 286,374.23 107,215.85 393,590.08 422,965.03 24
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS {cont'dl 31 December 2025 OTHER EXPENDITURE Catering at event5 Church magazines and literature Organisation running costs Grants to individuals Gifts Depreciation 8,041.10 940.00 849.51 2,955.00 600.00 6,260.00 5555.53 51,537.59 8,041.10 940.00 849.51 2,955.00 6,860.00 57,093.12 53,310.88 7,710.38 860.00 333.40 3,088.37 18,941.14 57,797.59 76,738.73 65,303.03 10. EMPLOYEES Employment Costs Wages and salaries (including expense51 Social security costs Pension contributions 123,327.84 6,729.75 8,770.49 133,146.86 5,697.57 15,065.56 138,828.08 153,909.99 25
an FIRST PRESBYfERIAN CHURCH PORTADOWN Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS {cont'd) 31 December 2025 Number of Employees The average nu mber of employees, including the minister of the congregation, during the year was.. Average number of employees No employee was in receipt of employee benefits between £60.000 and £70,000. ii. PENSION COSTS The minister of the congregation is a member of the Presbyterian Church in I reland 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 chLJrch in Ireland equ ivalent to the employer's pension contribution for the Scheme and based on the stipend paid to the minister. The Presbyteria n Chu rch in Ireland Pension Scheme120091 is a funded Scheme of the defined benefit type, providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and futu re obligations. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian church agreed to pay from 31 December 2015 contribution5 of 24% of pensionable salaries to cover the accrual ol benefit5 for future service. expenses. the cost of insuring death in service benefits and funding the scheme deficit. This was reduced to 17.5% from l January 2025. 26
an FIRST PRESBYfERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS Icont'dl 31 December 2025 The contributions made by the congregation during the year were: Contributions 7,859.00 12,496.50 12. TANGIBLE FIXED ASSETS Cost or valuation At start of year Additions Disposals 2,444,598.43 42,180.87 803.34 19,035.00 2,162.36 12,741.22 2,487,582.64 33,938.58 At end of year 2,463,633.43 44,343.23 13,544.56 2,521,521.22 Depreclatlon At start of year Provision for year Di5P05als 145,986.92 10,712.98 49,272.66 4,434.32 200.84 3,386.14 156,900.74 57,093.12 At end of year 195,259.58 15,147.30 3,586.98 213,993.86 Net Bookvalue At Ènd of year 2,268,373.85 29,195.93 9,957.58 2,307,527.36 At start of year 2,298,611.51 31,467.89 602.50 2,330,681.90 27
an FIRST PRESBYTERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS {cont'dl 31 December 2025 13. INVESTMENTS 2025 2024 General Investment Fund 475,375.63 496,729.63 475,375.63 496,729.63 2025 Value at start of year Additions Disposals Impairment Gainsll1055e51 on revaluation 496,729.63 121.354.001 Value at end of year 475,375.63 14. DEBTORS 2025 2024 Recorded giving Gift Aid tax refunds recoverable Bank Interest Receivable Grants receivable Prepayrnents 1,300.00 8,390.21 1,973.86 7,723.33 1,736.31 6,486.05 6,606.77 15,945.69 18,270.84 28
an FIRST PRESBYTERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont'dl 31 December 2025 15. CASHATBANKAND IN HAND 2025 2024 Bank of Ireland No l Account Bank of Ireland No 2 Account Bank of Ireland No 3 Account Bank of Ireland No l Business Reserve Account Bank of Ireland No 2 Business Reserve Account Bank of Ireland No 4 Account Bank of Ireland Business Reserve Account AIB Current Account- Chatterbox AIB Select Account- Church Choir Ulster Bank Account- Fellowship and Luncheon Club Ulster Bank Current Account- Edenderry CE Ulster Bank Select Account- Senior CE AIB Current Account- Presbyterian Women Bank of Ireland Account- Eden Girls Cash in hand 16,489.18 7,462.88 79,793.52 20,000.00 385,000.00 -1,408.25 7,906.14 420.54 74.98 1,236.36 15,697.82 334.86 790.44 1,261.57 3,967.38 24,844.46 5,044.63 80,783.52 13,518.17 365,000.00 -1,876.00 9,973.07 420.54 436.86 1,339.73 14,036.57 339.36 556.30 2,149.35 4,104.52 539,027.42 520,671.08 16. CREDITORS: amount falling due within one year 2025 2024 Accruals Bank loan 16,869.94 66,804.24 15,673.10 66,804.24 83,674.18 82,477.34 17. CREDITORS: amount falling due after more than one year 2025 2024 Bank loan 2,296.08 78,195.76 2,296.08 78,195.76 29
an FIRST PRESBYTERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS Icont'd) 31 December 2025 18. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at start Income Expenditure Gain5lL055e5 Transfer Balance at end Unrestrlcted Fund5 No l Account No 3 Account No l Buslnes5 Reserve Business Reserve Account Chatterbox Church Choir Fellowshlp and Luncheon Edenderry CE Edenderry CE Tuck Shop Senlor CE Presbyterian Women Eden Glrls Fixed Assets Debtors Credltors -39.128.07 79,783.52 13.518.17 9,973.07 1.353.39 443.36 1.339.73 14,036.57 3,165.17 339.36 556.30 2.149.35 48,871.86 11,787.73 -11.779.53 245.718.75 237.442.38 822.00 8.276.37 -822.00 214.09 -2,111.23 -130.64 -368.38 -103.37 11,916.12 -7.643.05 -168.00 6.267.74 44.30 -38,494.75 78,793.52 20,OW.OD 7,906.14 1,222.75 74.98 1,236.36 15,697.82 3,165.17 334.86 7.44 1,261.57 58.219.91 10,915.93 -13,657.43 214.09 2,888.77 1.053.25 11.62 2.732.50 59,709.03 5,000.00 1.183.89 380.00 2,835.87 47,792.91 -10,254.87 119.00 3,925.65 2.400.00 123.50 3,691.51 2.887.78 5,555.53 -4.50 234.14 -487.78 -5,555.53 -400.00 I4,3.58 -871.80 -1.877.90 136,409.98 318,772.66 307,715.37 11,057.29 147,467.27 Restricted Funds No l Account No 2 Account No 2 Buslne55 Reserve No 3 Account No 4 Account Ballk Loan Fixed Assets Debtors Creditors 63,972.53 5,044.63 365.OQ).00 i.oo).00 -1.876.00 -145,OCK).00 2.281.810.04 6,483.11 -3.893.57 27.386.99 116,376.72 5.494.78 33.523.09 240.02 -6,136.10 -2.852.50 116,136.70 -113,718.45 5.494.78 14,505.22 54,983.93 7,462.88 385,(KlO.00 I,CKKI.00 -1,408.25 -69,100.32 2.249,307.45 5,029.76 -3.212.51 72.277.15 72,370.94 7,341.80 51,537.59 -93.79 -7,341.80 -51,537.59 561.54 83,241.48 19.035.00 -1,453.35 681.06 2,572,540.74 221,535.64 165,013.44 56,522.20 2.629,062.94 Endowment Funds General Investment Fund 496,729.63 -21.354. 475,375.63 496,729.63 -21.354.CK> 475,375.63 Total 3.205.680.35 540.308.30 472,728.81 46.225.49 3,251.905.84 30
an FIRST PRESBYTERIAN CHURCH PORTADOWN a Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2025 19. SUBSEQUENT EVENTS There have been no significant events affecting the charity since the year end which require disclosure. 20. RELATED PARTY TRANSAcfioNS One of the trustees, the minister of the congregation, received remuneration of £51,065.68. Pension contributions of £7,859.(K) were paid by the congregation in respect of the minister to the Presbyterian Church In Ireland Pension Scheme120091. Pulpit supply fees were paid to two trustees.. £170 to Jon Hunter and £255 to Mark Neale. None of the other trustees received any remuneration or claimed expenses during the year in connertion with their duties. During the year the congregation made a gift of £5,900 to Rev Brown on his retirement. During the year Lucy Finlay, Emily Finlay and Rachel Finlay, whose father John Finlay is a trustee, each received an assignment grant of £50, £150 and £150 respectively and Luke Kent, whose father Mark Kent is a trustee, also received an assignment grant of £150. During the year the congregation contributed the following amounts to funds of the General Assembly of the Presbyterian Church in Ireland, a separate charity: £21,725.47.00 towardsthe United Appeal; £25,026.50 towards General Assembly assessments The congregation paid £1,395.00 towards Presbytery of Armagh assessments during the year. There were no other related party transactions. 31