TEMPLEPATRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2024
| Note | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Income | ||||||
| Donations and legacies | 2 | 141,678 | 87,477 | - | 229,155 | 259,128 |
| Charitable activities | 3 | 250 | 34,511 | - | 34,761 | 41,893 |
| Other trading activities | 4 | 1,400 | - | - | 1,400 | 1,332 |
| Investment Income | 5 | 837 | 1,658 | 2,862 | 5,357 | 712 |
| Other | 6 | 5,685 | 483 | - | 6,168 | 2,206 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Income | 149,850 | 124,129 | 2,862 | 276,841 | 305,271 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Expenditure | ||||||
| Raising funds | 7 | - | - | - | - | - |
| Charitable activities | 8 | 155,243 | 83,446 | - | 238,689 | 259,012 |
| Other | 9 | 2,101 | - | - | 2,101 | 2,209 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Expenditure | 157,344 | 83,446 | - | 240,790 | 261,221 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net income/(expenditure) | (7,494) | 40,683 | 2,862 | 36,051 | 44,050 | |
| Transfers between funds | (4,845) | 4,845 | - | - | - | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | (12,339) | 45,528 | 2,862 | 36,051 | 44,050 | |
| Funds brought forward | 65,624 | 176,526 | - | 242,150 | 198,100 | |
| ---------- | --------- | ---------- | ---------- | ---------- | ||
| Funds carried forward | 16 | 53,285 | 222,054 | 2,862 | 278,201 | 242,150 |
| ====== | ====== | ====== | ====== | ====== |
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TEMPLEPATRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND BALANCE SHEET
As at 31 December 2024
| Note Fixed Assets Tangible Fixed Assets 12 Total fixed assets Current Assets Investments 13 Debtors 14 Cash and cash equivalents 15 Total current assets Creditors – amounts falling due within one year Accruals 16 Total creditors Net Current Assets Total net Assets Funds of the charity Unrestricted funds 17 General funds Total unrestricted funds Restricted Funds 17 Endowment Funds 17 Total charity funds |
2024 £ 8,403 8,403 39,478 14,257 218,157 271,892 2,094 2,094 269,798 278,201 51,713 51,713 223,626 2,862 278,201 |
2023 £ 8,837 |
|---|---|---|
| 8,837 | ||
| 36,616 22,239 177,243 |
||
| 236,098 | ||
| 2,785 | ||
| 2,785 | ||
| 233,313 | ||
| 242,150 | ||
| 65,624 | ||
| 65,624 | ||
| 176,526 - |
||
| 242,150 |
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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) – (Charities SORP (FRS 102)). They have been approved by the Kirk Session on (enter date) and signed on its behalf by;
S K Henderson Llewellyn Hamill
6 August 2025
6 August 2025
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TEMPLEPATRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS
31 December 2024
1. 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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The church meets the definition of a public benefit entity as defined in section 34 of FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy note(s).
FUND ACCOUNTING
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 which the endowment was established in the first place.
Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.
Unrestricted funds are income funds which are to be spent on the congregation’s general purposes. Designated funds are general funds set aside by the congregation for use in the future.
INCOMING RESOURCES
(i) Recognition of incoming resources
These are included in the Statement of Financial Activities (SoFA) when:
-
The congregation becomes entitled to the resources;
-
It is probable that the funds will be received; and
-
The monetary value can be measured with sufficient reliability.
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TEMPLEPATRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
1. ACCOUNTING POLICIES (cont’d)
(ii) Incoming resources with related expenditure
Where incoming resources have related expenditure (as with insurance proceeds) the incoming resources and related expenditure are reported gross in the SoFA.
(iii) Grants and donations
Grants and donations are only included in the SoFA when the congregation has unconditional entitlement to the resources.
(iv) Tax reclaims on donations and gifts
Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.
(v) Contractual income and performance related grants
This is only included in the SoFA once the related goods or services have been delivered.
(vi) Gifts in kind
Gifts in kind are accounted 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.
(vii) Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value place on these resources is the estimated value to the charity of the service or facility received.
(viii) Investment income This is included in the accounts in the period to which it relates.
(ix) Investment gains and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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TEMPLEPATRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
1. ACCOUNTING POLICIES (cont’d)
EXPENDITURE AND LIABILITIES
(i) Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources.
(ii) Governance costs
These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
(iii) Grants with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
(iv) Grants payable without performance conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
(v) Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
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TEMPLEPATRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
1. ACCOUNTING POLICIES (cont’d)
ASSETS
(i) Tangible Fixed Assets
Tangible fixed assets for use by the 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. Depreciation is recorded on all tangible 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;
Fixtures & Fittings:
- over 5 years
In accordance with FRS102, assets under construction are not depreciated until such times as they are available for use.
(ii) Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees’ best estimate of market value.
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TEMPLEPATRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
2. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Recorded giving | 134,454 |
55,786 | - | 190,240 |
185,427 |
| Loose collections | 1,489 | - | - | 1,489 | 1,413 |
| Donations and gifts | 3,580 | 3,965 | - | 7,545 | 34,000 |
| Gift Aid | 2,155 | 9,954 | - | 12,109 | 38,002 |
| Legacies and bequest | - | 17,772 | - | 17,772 | 286 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 141,678 | 87,477 | 229,155 | 259,128 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- |
3. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Income from charitable activities | - | 34,511 | - | 34,511 | 41,893 |
| Fees from weddings and funerals | - | - | - | - | - |
| Fundraising events | 250 | - | - | 250 | - |
| Memberships | - | - | - | - | - |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 250 | 34,511 | - | 34,761 | 41,893 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 4. OTHER TRADING ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Letting of premises | 1,400 | - | - | 1,400 | 1,332 |
| Trading income | - | - | - | - | - |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 1,400 | - | - | 1,400 | 1,332 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
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5. INVESTMENT INCOME
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 56 | 1,658 | - | 1,714 | 175 |
| General Investment Fund | 781 | - | - | 781 | 537 |
| Other investment income | - | - | 2,862 | 2,862 | - |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 837 | 1,658 | 2,862 | 5,357 | 712 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
6. OTHER INCOME
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Insurance claims | - | - | - | - | - | |
| Other Income | 81 | 483 | - | 564 | 466 | |
| Refunds | 5,604 | - | - | 5,604 | 1,740 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 5,685 | 483 | - | 6,168 | 2,206 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 7. | RAISING FUNDS | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | ||
| FWO envelopes | - | - | - | - | - | |
| Fundraising events | - | - | - | - | - | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| - | - | - | - | - | ||
| ---------- | ---------- | ---------- | ---------- | ---------- |
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8. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| General Assembly Assessments | 27,227 | - | - | 27,227 | 26,184 |
| Presbytery fees | 1,517 | - | - | 1,517 | 1,506 |
| Ministry and support staff costs | 92,076 | - | - | 92,076 | 108,094 |
| Congregational running expenses | 33,623 | 57,296 | - | 90,919 | 95,153 |
| Donations to Missions and | 800 | 26,150 | - | 26,950 | 28,075 |
| charities | |||||
| Governance costs | - | - | - | - | - |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 155,243 | 83,446 | - | 238,689 | 259,012 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 9. OTHER EXPENDITURE | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Depreciation | 2,101 | - | - | 2,101 | 2,209 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 2,101 | - | - | 2,101 | 2,209 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
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TEMPLEPATRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
10. EMPLOYEES
Employment Costs
| Total | Total | |
|---|---|---|
| Funds | Funds | |
| 2024 | 2023 | |
| £ | £ | |
| Ministers Stipend | 50,689 | 48,276 |
| Ministers Allowance | 8,520 | 7,967 |
| Wages and Salaries | 25,904 | 42,314 |
| Employers National Insurance | 971 | 1,461 |
| Social Security Costs | 5,739 | 7,299 |
| Other costs | 253 | 777 |
| ---------- | ---------- | |
| 92,076 | 108,094 | |
| ---------- | ---------- |
Number of Employees
The average number of employees, including the minister of the congregation, expressed as full time equivalents, during the year was;
| Total | Total | |
|---|---|---|
| 2024 | 2023 | |
| Average number of employees | 4 | 5 |
| ---------- | ---------- |
There were no employees in receipt of employee benefits in excess of £60,000.
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TEMPLEPATRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
11. PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employer’s pension contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type, providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations.
The contributions made by the congregation during the year were;
| Total | Total | |
|---|---|---|
| Funds | Funds | |
| 2024 | 2023 | |
| Contributions | 12,165 | 11,856 |
| ---------- | ---------- |
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TEMPLEPATRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
12. TANGIBLE FIXED ASSETS
| Cost At beginning of the year Additions Disposals At end of the year Depreciation At beginning of the year Depreciation Disposals At end of the year Net book value at beginning of the year Net book value at end of the year |
Fixtures & Fittings £ 8,837 1,667 - 10,504 - 2,101 - 2,101 - 8,403 |
Total £ 8,837 1,667 - |
|---|---|---|
| 10,504 | ||
| - 2,101 - |
||
| 2,101 | ||
| - | ||
| 8,403 |
The main church has been treated as a heritage asset and not included in the accounts. The main church valuation is £4,624,024.
13. Investments
General Investment Fund HBSC |
2024 £ 32,269 7,209 39,478 |
2023 £ 30,812 5,801 |
|---|---|---|
| 36,613 |
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TEMPLEPATRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
14. Debtors
Gift Aid Recoverable |
2024 £ 14,257 14,257 |
2023 £ 22,239 |
|---|---|---|
| 22,239 |
15. CASH AT BANK AND IN HAND
Cash at Bank Cash in Hand 6. CREDITORS Accruals |
2024 £ 216,960 1,197 218,157 2024 £ 2,094 2,094 |
2023 £ 176,419 1,004 |
|---|---|---|
| 177,423 | ||
| 2023 £ 2,785 |
||
2,785 |
16. CREDITORS
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TEMPLEPATRICK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2024
17. FUND BALANCES
| Fund | Balance at | Receipts | Payment | Surplus / | Transfer | Balance at |
|---|---|---|---|---|---|---|
| start | (Deficit) | end | ||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| General Fund | 65,624 | 149,850 | (157,344) | (7,494) | (4,845) | 53,285 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 65,624 | 149,850 | (157,344) | (7,494) | (4,845) | 53,285 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted Funds | ||||||
| Property/Building Fund | 159,999 | 70,318 | (28,278) | 42,040 | - | 202,039 |
| United Appeal | - | 9,384 | (14,921) | (5,537) | 5,537 | - |
| Christian Aid | - | 2,028 | (2,028) | - | - | - |
| Children`s Society | - | 1,621 | (1,621) | - | - | - |
| Student Bursary Fund | - | 624 | (624) | - | - | - |
| Tear Fund | - | 340 | (340) | - | - | - |
| World Development | - | 3,628 | (3,682) | - | - | - |
| Royal British Legion | - | 381 | (381) | - | - | - |
| Cleopas | - | - | (100) | (100) | 100 | - |
| Homeplus | - | 395 | (395) | - | - | - |
| Scripture Union | - | - | (1,750) | (1,750) | 1,750 | - |
| Christian Against Poverty | - | - | (308) | (308) | 308 | - |
| Investment Income | - | 575 | (213) | 362 | (362) | - |
| Manse Farm | - | 270 | (270) | - | - | - |
| Sunday School | 406 | 864 | (800) | 64 | 58 | 528 |
| Bible Class | 80 | - | - | - | - | 80 |
| Holiday Bible Club | 1,208 | 392 | (233) | 159 | - | 1,367 |
| Bowling Club | 735 | 1,050 | (636) | 414 | (300) | 849 |
| Dorcas | 748 | 1,884 | (1,190) | 694 | (300) | 1,142 |
| Friendship Circle | 546 | 2,882 | (2,923) | (41) | - | 505 |
| Temple Tots | 268 | 1,357 | (1,093) | 264 | (250) | 282 |
| Girls` Brigade | 7,719 | 11,952 | (10,716) | 1,236 | (348) | 8,607 |
| Ladies Night | 6 | 220 | (115) | 105 | - | 111 |
| Presbyterian Women | 863 | 8,484 | (6,252) | 2,232 | (600) | 2,495 |
| Youth Club | 787 | 470 | (256) | 214 | (50) | 951 |
| Boys` Brigade | 3,161 | 4,956 | (4,321) | 635 | (698) | 3,098 |
| Y A Mission Trip | - | - | - | - | - | - |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total Restricted Fund | 176,526 | 125,701 | (83,446) | 42,255 | 4,845 | 222,054 |
| Endowment Funds | 2,862 | 2,862 | 2,862 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 242,150 | 276,841 | (240,790) | 36,051 | - | 278,201 |
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