CHARITY REGISTRATION NUMBER: N1104990 Annalong Congregation Of The Presbyterian Church In Ireland Unaudited Financial Statements 31 December 2024 PURDY QUINN Chartered Accountants 42 Greencastle Street KILKEEL Co Down BT34 4BH
Annalong Congregation Of The Presbyterian Church In Ireland Flnancial Statements Year ended 31 December 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position 10 Notes to the financial statements 11
Annalong Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report Year ended 31 December 2024 The trustees present their report and the unaudited financial statements of th¢ charity for the year ended 31 December 2024. Reference and administrative detalls Registered eharity name Annalong Congregation Of The Pr¢sbyterian Church In Ireland Charity registration number N1104990 Principal olCe 30 Ballyveaghmore Road Ballymartin Co Down BT34 4UL The trustees Rev David Mccullagh Keith Hanna Brian G McKibbin Alan E Hill Trevor Mcconnell William McConn¢ll Robert J Burden Harding R Acheson James A Hanna Jason Hill Charles Martin Samuel Mcconnell Independent examiner Purdy Quinn 42 Greencastle Street KILKEEL Co Down BT34 4BH
Annalong Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report (continued) Year end8d 31 December 2024 Structure? governanee and management The Klrk Session The charity trustees of the congregation are the m¢mbers of its Kirk Session. Under the congregation's governing document, The Code, the book of the constitution and governTnent 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 ¢nsures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in th¢ local community. The Kirk S¢ssions 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 S¢5sion consists of the ordained minister and tb¢ ruling eldeTS of the congregations. All rnelnbers are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the ministers in active duty in the congregation, has no d¢lib¢rativc but only a casting vote. Stated rneetings of the Kirk session are held at least five times in each year or more fr¢quent if appropriate. To be chosen for the office of the eldership in the congTegation a peTson must be a voting member and a Tegular attendant on its ordinances. The selection of those proposed to be called to the office can be either by the ongregation or by the Kirk Session. Members are elected if they obtain two-thirds of the votes cast. Presbytery Under the Presbyterian Church in Ireland fonn of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affatrs of the congregations assigned to it by the General Assembly of th¢ Presbyterian Church in Ireland. Annalong Presbyterian Church has been assigned to the Newry Presbytery of the Presbyterian Church in Ireland. The rnembership of the Presbytery consists mainly of the active ministers 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. The General Assembly The General Assembly is the supreme court of the Church, representing in one body the whol¢ Church and acting as its supreme legislative, administration and judicial authority, in dealiT]g with all matters brought before it. The General Assembly is nonnally constituted during the frst week in June for worship and to conduct its busin¢ss. 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. Objectlves and activities Annalong Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland. as a Reforn]¢d Church within the wider body of Christ 15 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 PUTposes by the grace of God, to help people of all ages become llY devot¢d 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 cbaracterised 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.
Annalong Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report (contlnued) Year ended 31 December 2024 Objectives and activities (continued) The congregation aims to live out its Mission and Vision as a family of God's people by being.. - A Covenant Community: wheTe our relationships are rooted in the promises of God by living faithfully toward him and toward one another. An Intergenerational Community- where adult5 intentionally take the lead to engage with, encourage and nurture younger members to Maturity in Christ. An OutwaTd looking Community: where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bounds 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 Weslminsrer 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. The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lord's Supper is observed on several occasions during the yeaT 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 r¢gular Bibl¢ Study meetings and has a wide range of organisations including.. Sunday Schools Mothers and Toddlers Bowling Club - Pr¢sbyterian Woman Men's Fellowship Girls Brigade Boys Brtgade Tuesday Fellowship Youth Fellowship Women's Bible Study - Warm Welcome Saturday Night Lights Achievemenls and p¢rforman¢¢ Worship and prayer The congregation meets for worship each Sunday at 11 .'30am (I 1:00 am duTTng July and August) and 7'.00pm. During the week the Bible sttldy provides an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayeT. As well as our regular worship services during the year we conducted several marriage services, acknowledged God, s gift of new life as 7 people were baptised, l infant and 6 on profession of faith. We also gave thanks for faithful services and sought to comfort those who had been bereaved during the year. At 31 Decetnber 2024 there were 243 communicant members and 327 families connected with the congregation. Pastoral eare Members of the congregation who are unable to attend church due to sickness or age were visited on a regular basis by the minister and th¢ elders.
Annalong Congregation Of The Presbyterian Church In Ireland Trustees, Annual Report (continued) Year ended 31 December 2024 Achievements and performance At a loca] level the congregation seeks to be a witness to the community by providing clubs and organisations for young and old to att¢Dd and by providing spiritual and emotional support to everyone who seeks help. Another of our yearly activities is Fit For Life which again rdn on Tuesday nights during May for women. It consists of various types of exerci5¢ or walks around the village followed by a short epilogue from a guest speaker. As always this was w¢ll attended by a wide age range of women from our own COnegatiOll and local community. During the summer w¢ ran two events foT young people of the area. During July we had a Bible club for primary school children and during August we held "Connect" for young people of high school age. A150 during the summer rnonths we had Sunday night Lights. a chance for young adults to meet aft¢r the evening service for food and fellowship in various people's homes. This has continued tbrough the rest of the year, were young adults met one Saturday a month to study the Bible and have fellowship togetheT. We had a collection of gift boxes for the Samaritans Purse Shoe Box Appeal in Nov¢mber these were delivered to their collection centre for distribution by that organisation. A joint Christmas Bible Club was held with Kilhorne Parish Church for primary school children on 10 December to share the true meaning of Christmas, Also in December a community carol service was held in the meeting houge on i oth which many m¢mbers of the lo¢al cotnmunity attended. Carols around the local Christmas Tree was also arranged and well attended on Christmas Eve. The congregation supports the United Appeal for Mission which 15 a cevjtral 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 peTsonnel 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, asslsts with the running costs of Union Theological College, the Church's training college for ministry students, and financially supports congregation in the areas of worship, disoipl¢ship, global mission. outreach, leadership and pastoral care. The congregation was represented at the regular meetings of Presbytery by our minister andlor one of the elders. This provid¢s an important link between the congregations and the wider structures of the church. General Assembly The rninister and one of our eld¢rs were notninated to attend th¢ meeting of the General Assevnbly of the Presbyterian Church in IT¢land held in Assembly Buildings. Belfast. Property During the year necessary repair work was carried out in the 'New Hall,. The 'N¢t Hall, also undenvent refurbishtnent during the year. This accounts for the increase in the annual 'repairs & maintenance. cost. In addition to this, a congregational meeting was held on 5 December to vote on acquisition of land adjacent to congregational property. The purchase of this land was passed unanimously and we will proceed in 2025. Organisations Sunday is the busiest day of the week with both Junior and Senior Sunday Schools running before our main worship service.
Annalong Congregation Of The Presbyterian Church In Ireland Tru5tees' Annual Report {contlnued) Year ended 31 December 2024 Achl¢vements and performance (continued) Junior Sunday School caters for children of nursery and primary school age and runs from Septernber until June. The Senior Sunday School has four different classes divided into Y¢ar 8, Year 9, Year 10 and Years I l and 12 combined. OUT evening service is held later in the day with Youth Fellowship held after the service for young people of high school age. During the week various activities and organisation run during September to June catering for all age groups and everyone from the local Community is v¢ry welcome. Th¢s¢ include: Girls BTigade which met every Monday with Tinies and Explorers (preschool to P4), juniors (P5 P7), Seniors (Yr 8- Yrlo) and Brigadiers (Yrl l upwards) and Boys Brigade which met every week on different nights with Anchor boys (Pl to P4), Junior Section (P5 to P7) and Company Section (age I I to 18) . The Bowling club which met on a Tuesday night has a wide range of ages attending providing an infonnal evening of fellowship and fun. Tuesday Fellowship which was held every first and third Tuesday of the month. This OTganises activities for senior citizens providing an opportunity to meet oth¢r people and go on trips. Sirnilarly, The Contact Group called Tots and Toys was held on a Wednesday morning and provided a cross community link between the church and the local community for Mothers and their toddlers. Saturday Night Lights a new organisation tailored for young adults met one Saturday a month to study the Bible and have fellowship together. Wethiesdays see our midweek fellowship rneet at night to study more of God's word and pray for the local community and fitrtber afield. Everyone is treated to a cup of tea or coffee with sOe treats to eat on arrival. Once a month w¢ run a meeting dedicated to women or men. PW known as Women Together and Men's night. Both have guest 5p¢akers and provide a warn) inviting place where the aims of the church can be nurtured and encouraged. Each Monday morning betw¢en 10..30 and 12:30 Wami Welcome meets in the Fellowship room of our main hall. This provides a wann space for anyone from the local community to meet for refreshments and a listening ear. Once a month the Ladies Bible Study tneet to learn more from the Bible in a friendly and supportiv¢ environment. Volunteers The Trustees wigh to acknowl¢dge their deep appreciation of those who giv¢ freely of their time by serving on committees and helping with organisations and other church activities. Public Benefit Statement The Presbyterian Church in Ireland rn¢¢ts 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 under8tanding in Christian beliefs as set out in the Bible and itk the Church's subordinate standards (the Westtnin8¢er Confession of Faith and the Shortw and Larger Catechisms) leading to spiritual and tnoral development and opportunities for response to Bibl¢
Annalong Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (continue Year ended 31 December 2024 Aehievement5 and performance (¢einlinNed) teaching. In tum, this framework leads to practical expressions of Christian beliefy and standards in the lo¢a] 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 metnbeTS, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is factlitated by central reSOLtrces in almost all cases. Public access is made known through the use of noti¢¢boards, printed material. press adv¢rtisemenL websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the Services and infornial and ad-hoc feedback from rnembers. their families, and members of th¢ public. The pury)ose does not lead to harni. The only private benefit flowing from our purpos¢ is relat¢d to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receiv¢ benefits as a result of their holding office or employment. How¢v¢r, this is incidental and necessary in order to further our charitable purpose. There are no other private benefjts. The beneficiaries of this purpose are membern, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the COTnmunity in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of IT¢land, 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. Finanelal review The congregation's tnain sourc¢ of income is members, contributions tE]rough the Weekly Freewill Offering. There were 270 (2023 - 240) contributors during the year. Total Income of the congregation during the year was £301,781 (2023 - £245,199), The expenditure for the year was £285,085 (2023 - £254,709). The Charity report¢d an overall sUlUS for the year of £17,473 (2023 - d¢ficit (£8,145)). The reserves of the Charity at 31 December 2024 totalled £1,035297 (2023 - £1,017,824). Responsiblllties in respect of the financial statements The Trustees are responsible for preparing the Annual Report and the finanrial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice, The Trustees are required to prepare fmancial statements for each fmancial year which give a true and fair view of the state of affairs of the wngregations and the financial activities for that year. In preparing the financiaj statements the Trustees are requir¢d to.. select suitable accounting policies and then apply them consistently make judgements and estimate5 that are reasonable and prudent prepare the fmancial statements on the going Concern basis unless it is inappropriate to presume that the Funds will continue in operdtion. The Trnstees are responsible for ke¢ping adequate accounting Tecords 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 statement5 comply with the Charities Act (Northern Ireland) 2008 and the Statetnent of Recommended Practice "Accounting and Reporting by Charitie5 (l January 2015)"
Annalong Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report {continued) Year ended 31 December 2024 Financial review {cortinHed) They are also responsible for safeguarding the asset5 of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Going Concern The activities of the congregation are dependent on ongoing contributions from its memb¢TS, The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to rneet commitments which will arise in the year from the date of signing this report and subject to th¢ continuing 5UPPOrt from members to fund on an ongoing basis the congregation's current activitie5 and other financial cornmitments. Reserves policy The Tfres have considered th¢ level of unrestricted reserves that it is appropriate to hold taking account of current and ongoing commitments. It is the policy of the Trnste¢s to hold at least 3 month's nornial expenditure in the General Fund. At the year-end unrestricted general res¢rv¢s were £73.750 (2023 £62.289) which represents a higher level of reserves. The Trustees however, ¢onsid¢r it prudent to hold reserves at this level as the flding of its present activities 15 dependent of the ongoing fmancial support of members. The tru5t¢es' annual report was approved on 15 April 2025 and signed on behalf of the board of trustees by.. Rev David M¢Cullagh Trustee Keith Hanna Trustee wILiuC,.LU William M¢Conn¢ll Trustee
Annalong Congregation Of The Presbyterian Church In Ireland Independent Examiner's Report to the Trustees of Annalong Congregation Of The Presbyterlan Church In Ireland Year ended 31 December 2024 I report to the trustees on my examination of the financial Statements of Annalon8 Congregation Of The Pr¢sbyt¢rian Church In Ireland ('Ihe chariry,) for the year ended 31 December 2024 which are set out on pages 9 to 23. This report is Tnade solely to the charity's Trustes. as & body) in accordance with section 65{3lla) of the Charities Act Northern Ireland 2008 and regulations made under section 66 of that Act. My work been undertaken so Ih&t I rnight state to thc charity's Trustees those matters l am required to state to them in an independent examiner'5 r¢port and for no other purpose. To the fullest extr¢nt p¢miitt¢d by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body. for my work or for this r¢port, Responsibilities and basi5 of report As the trustees of the charity you ar¢ responsible for the prepardlion of the financial statements in accordance with the requirements of the Charities Act INorthern Ireland) 2008 (the .2008 Act,). You are satisfied that your charity is not required by chlty law to b¢ audited and have chosen instead to have an independenl ¢xamination. It is my rcsponsibility to.. examine the financial statements under section 65 of the Charities Act. follow Ihe procedures laÈd down in the general Dircctions given by the Charity Comrnission for Northern Ir¢land under scction 65{9)Ib) of the Act. and stste wheih¢r particular matters have come to my attention. Basis of independet examiner'5 report I hav¢ ¢xatnined your charity financial statements as Tequired under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65(91(b) of the Charities Act. My examination in¢luded a review of the accounting records kept by the charity and a COEnparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the financial Statements. and seeking explanations from you as charity Trustees concerning any such matters, Independtnt examiner's statement I have completed my examination. I confirni that no matters have comc to my attention in connection wilh my examination givÈng me cause lo believe that in any material respect.. accounting rccords were not kept as required by with section 63 of the 2008 Act, or the financia] st&temtnts do not accord with those records. or the financial statcments do not comply with the accounting Tequir¢ments of th¢ 2008 Act. or the financial stst¢ments do not COTnply with the applicable requirement5 concerning the form and Content of accounts set out in the Chartties (Accounts and Reports) Regulations 2008 other than any rcquirement that the &c¢ounts give a'true and faif view which is not a rnatler consid¢r¢d as part of an Tlldcpend¢nt ¢xamination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts lo be reached. Purdy QUiTr Chartered Accounlants 42 Greencastle Stre¢t Kilkeel BT34 4BH Date: 151h April 2025 Una Cunninghatn FCA Chartered Accountants Ireland
Annalong Congregation Of The Presbyterian Church In Ireland statement of Flnancial Activities Year ended 31 December 2024 2024 Restricted Endowrnent funds funds 2023 Unrestricted funds Total fund5 Total funds Note Income alld endowments Donations and legacies Charitable activities Othei trading activities Investment income Other income 201.347 68,279 30,358 269,626 30,358 955 469 373 209.221 28,698 1,075 451 5,754 955 269 373 200 Total income 202,944 98,837 301,781 245,199 Expenditure Expenditure on charitable activities 9,10 172,933 112,152 285.085 254,709 Total expenditure 172,933 112,152 285,085 254.709 Net gains on investrnents 12 (777) (777) (1.365) Net Ineomel(expenditure) 30,011 (13.315) 777 17,473 (8,145) Transfers between funds 11,144 (11,144) Net movefftellt in funds 41.155 (24,459) 777 17,473 (8,145) Reconciliation of funds Total funds brought forward Total funds earried forward 62.289 939,089 16,446 1,017,824 1,035,297 1,025,969 103,444 914,630 17,223 1,017,824 The statement of fllwicial actLVlties includes all gains and10sses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 13 to 26 form part of these financlal statements.
Annalong Congregation Of The Presbyterian Church In Ireland Statement of Financlal Posltlon 31 December 2024 2024 2023 Note Fixed assets Tangible fixed assets Investments 17 18 889.832 17.223 886,728 16,446 907.055 903,174 Current assets Debtors Cash at bank and in hand 36,446 94.516 33,241 84,201 130.962 117,442 Creditors: amounts falling due within one year Net current assets 20 2,720 2,792 128,242 114,650 Total assets less current liabilities 1,035,297 1,017,824 Net assets 1,035,297 1,017,824 Funds of the charity Endowment fimds Restricted funds Unrestricted funds 17.223 914,630 103,444 16,446 939,089 62,289 Tolal charity funds 22 1,035,297 1.017,824 These fmancial statements were approved by the board of trustees and authoriscd for issue on 15 April 2025. and are signed on behalf of thc board by: XJ NGc.I Rev David Mccullagh Trustee Trevor McConn¢ll stee The notes on pages 13 to 26 form part of these financlal statements. 10
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit entity and a registered charity in Northern Ireland and is Unincoorated. The address of the principal office is 30 Ballyveaghmore Road. Ballymartin, Co Down, BT34 4UL. Statement of compliance These financial statements have been PTepared in complian¢¢ with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Lreland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Accounting policies Basis of preparation The financial statem¢nts have been prepared OT] the historical cost basis, as modified by the Tevaluation of certain fjnancial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial staten]ents are prepared in sterling. which is the functional currency of th¢ entity. Annalong Congregation of The Presbyterian Church in Ireland constitutes a public benefit entity as defined by FRS 102. Going con¢¢rn After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for th¢ foreseeable future. For this reason, they Continue to adopt the going concern basis in preparing the financial statements. To ensure this, the charity has a reserves policy to develop and maintain unrestricted reserves equivalent to 12 months incoming resources without prejudicing the ongoing activities of the organisation. Judgements and key sources of estimation uncertalnty In the application of the charity's accounting policies, the trustees ar¢ required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assurnptions are based on historical experience and other factors that are considered to be relevant. Actua] results may differ from these estimates. The estimates and underlying assumptions ar¢ received on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods wher¢ there vision affects both current and future periods. Fund accounting Unrestricted fvnds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eam)arked by the trustee5 for particular future project or commitment. R¢stricted funds are subjected to restrictions on their expenditure declared by the donor or through the ternis of an appeal and fall into one of two sub-classes: restricted income funds OT endowment funds. Where the Trustees make a transfer of fuT]ds from general funds to a restricted fund, the charity reserves the right to transfer the unre5tri¢ted eletnent of that nd into general reserves at any time in the fUre. 11
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financlal Statements (contlnued) Year pnded 31 December 2024 Aeeounting policies (condnued) llleoming resources All income is recognised once the charity hag entitlement to the income, it is Probable that the income will be receive( and th¢ amount of income receivable can be tneasured Teliably, For legacies, entitlement is taken a5 the earlier of the date on which either.. th¢ charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution Is received froln the estate. RCIpt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably. and th¢ charity has been notified of th¢ ¢xecutorfs intention to make a a distribution. Where legacies have been notified to the charity. or the charity is aware of the grdntillg of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclos¢d if material. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to inve5ttnent income is reColS¢d at the tirne the investment income is receivable. Resources expended Expenditure is recognised on an accrua15 basis as a liability is incued. Expenditure includes any VAT which camiot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities. events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs inCued by a charity in undertaking activities that further its charitable aims for the ben¢fit of its ben¢ficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the ¢harity nor part of its expenditure on charitable activities. All wsts are allocated to expenditure Categories r¢flecting the use of th¢ resource. Direct costs attributable to a single activity are allocated dire¢tly to that activity. Shared cogts are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are stated at cost (or deemed cost) less accuTnulated depreciation and accumulated impairtnent losses. All assets costing rnor¢ than £1,000 are capitalised. Cost includes the original Purchase price, costs directly attributable to bringing the asset to its working ondition for its intended us¢, dismantling and re5toratlDn costs. The Charity have utilised FRS 102 transitional rules for propety and have tncluded all propety in use by the charity at the date of transition to FRS 102 at deemed cosL being the fair valu¢ of the properties at that time. 13
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Flnancial Statements {contInu) Year ended 31 December 2024 Accounting policies (eontlnN@41) Depreciation Depreciation is calculated so as to write off th¢ cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings IOQ/o straight line Church Propety - Given th¢ nature of the properties aT]d the high level of on-going maintenance to which they are subject, no d¢prexiation is applied to Church Property. The residual value of Church Property is onsidered to be at let equal to the cost (deerned cost) of the propety. Investments Unlisted equity investsnents are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are m¢asured at cost less impairnient. Financial instruments The charity only has fanCIal assets and fancIal liabilities of a kind that qualify as basic financial instruments. Basic financial instnlments ar¢ initially recognis¢d at transaction value and subsequently n]easured at their settlement value with the exception of bank loans which are subsequently measured at arnortised cost using the effective interest method. Defined contribution plans The charity operates a defmed contribution pension scheme and the pension charge represents tbe amounts payable by the charity to the fund in respect of the year. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Free Will Offering Gift Aid Loose collections Other donations United Appeal Collection G¢neral mi55ions Gift Day Collection Mission boxes Propety & building fund Presbyterian Childrens Society RNLI Harvest Collection Primary School Concert Earl Haig Other donations 119.158 21.514 9,129 1,248 119,158 29,523 9,129 1,348 10,570 26,834 6,104 1,280 4,195 1,530 473 6,975 3,799 390 4,124 8,009 loo 10,570 26,834 6,104 1,280 4,195 1,530 473 6,975 3,799 390 4,124 Legaeies Legacies & bequests 44,194 44,194 201,347 68,279 269,626 14
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Flnancial Statements fcontinuèd) Year ended 31 December 2024 Donations and legacies (conlimied) Unrestricted Funds Restricted Total Funds Funds 2023 Donations Free Will Offering Gift Aid Loose collections Other donations United Appeal Collection General missions Gift Day Collection Mission boxes Property & building fund Presbyterian Children's Society 111,932 18,105 7,286 338 111,932 25,970 7,286 543 11,242 29,466 4,145 1,534 3,015 1,370 422 5,890 7,865 205 11.242 29.466 4,145 1,534 3,015 1,370 422 5.890 Harvest Collection Primary School Concert Earl Haig Other donations 940 5,466 940 5,466 Legacies Legacies & bequests 141,806 67,415 209,221 Charltable activitles Restricted Total Funds Funds 2024 Restricted Funds Total Funds 2023 Presbyterian Wornen Boys Brigade Girls Brigade Youth Fellowship Contact Group Fit for Life Bowling 4,010 7,192 l3.401 1,703 1,951 409 ,692 4,010 7,192 13,401 1,703 1,951 409 1,692 4,853 5,852 12,819 1,778 2,025 391 980 4,853 5.852 12,819 1,778 2,025 391 980 30,358 30,358 28,698 28,698 Other trading activities Unrestricted Total Funds Funds 2024 Unrestricted Total Funds Funds 2023 Hire of hall 955 955 1,075 1,075 15
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financlal Statements (¢ontlnuedJ Year ended 31 Decembftr 2024 Investment ineome Unrestricted Funds Restricted Total Funds Funds 2024 Bank interest receivable Other investment income- dividends 176 24 176 293 269 269 200 469 Unrestricted Funds Restricted Total Funds Funds 2023 Bank interest receivable Othcr investment income- dividends 220 19 220 231 212 212 239 451 Other ineome Unrestricted Total Funds Funds 2024 Unrestricted Total Funds Funds 2023 Other income Energy Cost of living payment Refund of overpayment Harvest rneal 240 240 1,204 1,800 150 2,600 1,204 1.800 150 2,600 133 133 373 373 5,754 5,754 Expenditure on charitable activities by fund type Unrestrict¢d Funds Restricted Total Funds Funds 2024 Advancing Christianity Support costs 99,822 73,111 80,014 32,138 179,836 105,249 172,933 112,152 285,085 Unrestricted Funds Restricted Funds Total Funds 2023 Advancing Christianity Support costs 92,298 64,920 86,685 10,806 178,983 75.726 157,218 97,491 254.709
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Flnancial Statements (contlnued) Year ended 31 December 2024 10. Expenditure on charitable activltles by activity type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Advancing Christianity Governance costs 179,836 102.396 2,853 282.232 2,853 251,895 2,814 179,836 105,249 285,085 254,709 11. Analysis of sUPPOrt costs Analysis of support costs Advancing Christianity Total 2024 Total 2023 Staff costs Premises General offi¢¢ Finance costs Governance costs Depreciation Other congregational costs 21,698 61.594 8.541 251 2,853 6,096 4.216 21,698 61.594 8.541 251 2.853 6.096 4.216 20,139 35,362 8.419 238 2,814 5,177 3.577 105.249 105,249 75,726 12. Net gains on investments Endowment Total Funds Funds 2024 Endowment Funds Total Funds 2023 GaIn(lOSses} on other inv¢stsnent asset5 777 777 1,365 1,365 13. Net incomel(expendlture) Net income/(expenditure) is stated after chargingl(crediting)'. 2024 2023 Depreciation of tangible fixed assets 6,096 5,177 14. Independent examlnation fee5 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements Oiher assurance services 636 2.082 614 2,004 2,718 2.618 17
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Flnanclal Statements (contlnuéd) Year ended 31 December 2024 15. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wage5 and salaries Social security costs Employer contributions to pension plan8 68,036 5,328 9,762 64.777 5,084 9,297 83,126 79,158 The average head Count of employees during the year was 4 (2023: 4). The averag¢ number of full-time equivalent employees during the year is analy5ed as follows.. 2024 2023 Minister Maintenance Other No employee received employee benefits of more than £60,000 during the year (2023: Nil). 16. Trustee remuneration and expenses The Minister of the congregation. Rev David Mccullagh, is a tNstee of the charity. The Minister received remun¢ration of £40,674 (2023 £38,73 8). allowances of £7,036 (2023 £6,701) and tnileage expenses of £968 (2023 £889) in his capacity as the Minister of the congregation. Pension contribution of £9,762 (2023 - £9,297) were a150 paid to the Presbyterian Church in Ireland Pension Scheme (2009) in respect of Rev Mccullagh. Trus*e, Trevor Mcconnell received £1,836 (2023 £1,632) in connection with graveyard maintenance duties. No other tStee$ received any remuneration and no other tsle¢S claimed any expenses during the year in connection with theÈr duties. 17. Tangible fixed assets Church Fixtures and Property rittings Total Cost At l January 2024 Additions 859,777 54,581 9,200 914,358 9,200 At 31 December 2024 859.777 63,781 923,558 Depreciatio At l January 2024 Charge for the year At 31 December 2024 27,630 6,096 27,630 6,096 33,726 33,726 Carrying amount At 31 December 2024 859,777 859.777 30.055 889,832 At 31 December 2023 26,951 886,728 18
Annalong Congregation Of The Presbyterian Church In Ireland Notos to the Flnan¢ial Statements (contlnued) Ygar ended 31 December 2024 17. Tangible fixed assets (conlinued) Church Property includes a]1 properties owned and occupied by the Charity in Advancement of Christianity and includes the Annalong Presbyterian Church building> Graveyard, Halls and the Manse. The Church Building, Graveyar(L the youth hall & other halls were recognised in the financial statements using a valuation as the deemed cost, on transition to SORP 2015 (FRS 102). The valuation was perfornied by an independent extemal valuer, as at 3 1st December 2015 on the basis of Fair Value. Fair Value is the amount for which an ags¢t could be exchanged between knowledgeable, willing parties on an ami's length basis in accordance with Financial R¢porting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of treland, (FRS 102) and the Charities SORP 2015 {SORP 2015). The fair value of the Church Building was considered to be £Nil, therefore it Is not represented in the value stated above. Church property also includes residential property at Glassdrumman Road, Annalong (the Manse), Thi5 property was valued by the Trustees. The Trust¢¢s consideded the fair value of the property on transition not lo be materially differ¢nt from its Ratable Value of £330,000, hence this value was recorded as the deemed cost of the propety on transition to SORP 2015 (FRS 102. This propety at Glassdrumman Road, Annalong was extended and refurbished during 2018. The cost of the refurbishment totall¢d £139,777 and is included above. Church property is maintained to a high standard. The residual value of Church Property 15 not considered aterially different from the cost/deemed cost of the property. therefoTe. no depreciation has been charged. Due to the ag¢ and nature of chUh property. it was not possible to reliably state the historic cost of Church property. Fixtures & fittings are recorded a depreciated historical cost. 18. Investments Other investments Cost or valuation At l January 2024 Additions F[ value movements 16,446 777 At 31 De¢embcr 2024 17,223 Jmpairment At l January 2024 and 31 December 2024 Carrying 9mount At 31 December 2024 17,223 At 31 December 2023 16,446 All investments shown above are held at valuation. Other investments are record¢d at their fair value at the balance sheet date. The fair value of the general investment fund is deterniined by reference to the quoted price for identical assets in an active market at the balance sheet date. 19
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (contlnuedj Year ended 31 December 2024 19. Debtors 2024 2023 Trdde debtors PTepayments and arcrued income 29,122 7,324 26,216 7,025 36.446 33,241 20. Creditors: amounts falling due wlthin one year 2024 2023 Accruals and deferred income Social security and other taxes 2.720 2,619 173 2,720 2,792 21. Pensions and other p05t retirement benefits Defined contribution plan$ The amount recognised in incorne or expenditure as an expense in relation to defined rontribution plans £9,762 (2023.. £9,297). Pensions and other p05t retirement benefits (continued) The Minister of the congregation is a member of the Presbyterian ChuT¢h in Ireland Pension Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessrnent to the Presbyterian Church in Ireland equival¢nt to the employevs pension contributions for the Scheme and based on the stipend paid to the Minister and Associate Minister. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type, PToviding defined benefits based on career average revalued salary. The Schem¢ has Lssets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trnstees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet cutTent and future obligations. A fornial schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian ChuTch agreed to pay (from 31 December 2015) contributions of 24Q/o of pensionable salaries to cover the a¢¢nl of benefits for future service, expenses. the cost of insuring death in service benefits and funding the scheme deficit. 20
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2024 22. Analysis of charitable thnds Unrestricted funds Gains and At 31 Dee losses 2024 AtlJan 2024 Income Expenditure Transfers General funds Designated Fund - Propety 62,289 202,945 (172.934} (18,550) 29.694 73.750 29,694 62,289 202,945 (172.934) 11,144 103,444 Gains and At31 De losses 2023 Atljan 2023 Income Expenditure Transfers General funds Designated Fund- Propety 66,518 148,847 (157.218) 4,142 62,289 66,518 148,847 (157,218) 4,142 62,289 Reslricted funds AtlJan 2024 Gains and losses At 31 De¢ 2024 Income Expenditure Transfers Church Buildings Fund United Appeal Fund Romania Project Fund General Missions Fund Presb)rterian Childrens Society Fund Propety Fund Tear Fund RNLI Fund Earl Haig Periodicals Fund Graveyard Fund Lord Enniskillen Primary School Concert Presbyterian Women Boys brigade Girls Brigade Youth Club Youth Fellowship Contact Group Fit for Life The NET Sunday School Bowling Club Badminton Club 859,777 2.083 859,777 1,981 12,551 (12,653) 4.322 30,747 (31,091) 3,978 1,897 13.208 778 473 390 1,565 loo 1,681 3,799 5.293 7.197 13,401 (1,897) (30,272) (778) (473) (390) (1,356) 58,008 (7,607) 33,337 345 loo 554 200 (1,681) (3,799) (5,326) (6.109) (10.463) 3,036 3,013 4,184 (500) (637) (2,200) 2,503 3,464 4,922 1,345 601 643 1,703 1,951 409 (2.098) (1,690) (3 80) 950 862 672 775 857 (15) (1,681) 761 669 1,693 (200) 939,089 98,837 (112,152) (11.144) 914,630 21
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (continued) Year ended 31 December 2024 22. Analysis of charltable funds (conllwied) AtlJan 2023 Gains and losses At31Dec 2023 Incorne ExpendiNre Transfers Church Buildings Fund United Appeal Fund Romania Project Fund General Missions Fund Presbyterian Childrens Society Fund Propety Fund Tear Fund RNLI Fund Earl Haig Periodicals Fund Graveyard Fund Lord Enniskillen Primary School Concert Presbyterlan Women Boys brigade Girls Brigade Youth Club Youth Fellowship Contact Group Fit for Life Th¢ NET Sunday School Bowling Club Badminton Club 859,777 1,630 1,227 4,395 859.777 2.083 13,325 (12,872) (1,232) (33,566) 33,664 (171) 4,322 1,733 10,355 2,372 421 940 1,301 250 1,543 (1,733) (5,694) (2,270) (2,372) (421) (940) (1,312) (1,879) (1,543) 55,617 58,008 356 1,729 345 loo 2,645 4,494 6,262 730 648 576 593 1,096 789 867 939 6,390 6,061 12,819 (5,899) (7,542) (13.397) (1,500) (888) 158 (I,osi) (2,000) (341) (1,032) {15) (793) (939) (100) 3.036 3.013 4.184 1.778 2,025 391 1,345 601 643 (64} 775 857 983 (200) 944,370 96.352 (97,491) (4,142) 939,089 22
Annalong Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statsments (continued) Year ended 31 December 2024 22. Analysis of charltable funds (egntinmed) Endoivment funds Atljan 2024 Gains and losses At 31 Dee 2024 Incorne Expenditure Transfers PCI Investments 16,446 777 17,223 AtlJan 2023 Gains and At 31 Dec losses 2023 Income Expenditur¢ Transfers PCI Investments 15.081 1,365 16,446 23. Analysis of net as5¢ts between funds Unrestricted Funds Restricted Endowment Total Funds Fund5 Funds 2024 Tangible fixed assets Investments Current assets Creditors less than l year Net assets 30,055 859,777 889,832 17,223 130,962 (2,720) 17,223 76,109 (2,720) 103,444 54,853 914,630 17,223 1,035,297 Unrestricted Funds Restricted Endowment Funds Funds Total Funds 2023 Tangible fixed assets Investments CuThenl assets Creditors less than l year Net assets 26,951 859,777 886,728 16,446 117.442 (2,792) 1,017,824 16,446 38,130 (2,792) 62,289 79,312 939,089 16,446 24. Related parties The Minister, Rev David Mccullagh (a Trustee of the Charity) represented the key managernent of the charity. Total remuneration and expenses paid to Rew Mccullagh ar¢ detailed in Note 16. Rev Mccullagh Ilas also occupied residential church property at Glassdrumman Road, Annalong (The Manse) in his role of MinisteT of the Congregation. Rev Mccullagh was not charged rent for use of this property. During the year the charity paid £1,836 {2023 - £1.632) to trnstee, Trevor Mcconnell. This represented a cotnmercial transaction in relation to services provided by Mr Mcconnell with regard to ground maintenance. 25. Financial Commitment During a congregational meeting held on 5th December 2024 it was unanimously passed that Annalong Presbyterian Church would acquire land adjacent to the Churrh, along with access rights, from Trnstee, Mr Alan Hill, for £40,000. The land was independently valued and the purchase should proceed in 2025. The Designated Propety Fund will be used in funding the acquisition. 23