an
OFTH
CHU
CHIN
ATEII
FOR TH
3111
2023
REC
74.938
23.713
98,651
7#,7S7
Mlss#)ns & Chailtes
16,768
16,768
10.598
21.65T
21.657
17.810
8,573
8225
74,938
70.711
145.849
116.39)
AYIAEi¥rs
16.827
16.827
12.931
25,331
25.331
10,461
10,461
13,669
78.104
64.449
141553
123.921
N•tlncoTh I
4.1
-7.531
161.450
158.354
INVE8TYEIITS
25.164
40.121
186.614
198,475
P•plo12
Page11 of16

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A CONGREGATIOII OF THE PRES
CHURCH IM IRELAND
1112r2024
56.755
65.932
104,695
Cash wi HaThJ
161.450
158.354
2023
89.616
89,616
20,162
620.162
19.200
19.200
4.598.978
4,gJ8,978
NIL
NIL
NIL
NIL
76W8 4797A53
nathwei
tNThJ Se i4J i￿1
a3- 10-2s
P4¢2￿2
Page 12of 16

an
DOWNSHIRE ROAD CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31st December 2024
F FINAN
IAL
TATEMENTS
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 (FRS102) (effective 1 January 2015).
The financial statements have been prepared underthe historical cost convention
except for investment assets. which are shown at market value. The financial
statements include all transactions, assets and (iabilities forwhich the congregation is
responsible in law. They do not include the accounts of church groups that owe their
affiliation to another body, nor those that are informal gatherings of church members.
NDA
TIN
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 bythe donor and (b) revenue donations or grants
for a specific congregational activity intended bythe 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.
These are included in the Statement of FinancialActivities (SOFA) when=
the congregation becomes entitled to the resources.
• the trustees are virtually certain theywill receive the resources.
and
the monetaryvalue can be measured with sufficient reliably.
Incoming resources wlth related expenditure
Where incoming resources have related expenditure (as with fundraising income) the
incoming resources and related expenditure are reported gross in the SOFA.
Page 13of16

an
DOWNSHIRE ROAD CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND
NOTESTOTHEACCOUNTS
31st December 2024
Grants and donations
Grants and donations are only included in the SoFAwhen the congregation has
unconditional entitlement to the resources.
Tax reclaims on donations and gifts.
Incoming resources from tax reclaims are included in the SOFA atthe same time as the
gift to which they relate.
Gifts in klnd
Gifts in kind are accounted for at a reasonable estimate of theirvalue to the charity or
the amount realised. Gifts in kind for use bythe charity are included in the SOFA as
incoming resources when receivable.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described
in the trustees, annual report.
Investment income
This is included in the accounts when receivable.
Investment gains and losses
This includes any gain or loss on the sale of investments and anygain or loss resulting
from revaluing investments to marketvalue at the end of the year.
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation
committing the congregation to pay out resources.
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 ot any legal advice to
trustees on governance or constitutional matters.
Grants wlth performance conditlons
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.
Page 14of16

an
DOWNSHIRE ROAD CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND
NOTESTOTHEACCOUNTS
3181 December 2024
Tanglble Flxed Assets
Tangible fixed assets for use by charity are capitalised if they can be used for more than
one year, and cost at least £2.500. They are valued at cost or, if gifted, at the value to
the charity on receipt.
Depreciation
As there is no intention to sell any of these assets in the foreseeable future.
depreciation is not calculated. rather their insured value is quoted.
Investments
Investments quoted on a recognised stock exchange are valued at marketvalue at the
year end.
The minister of the congregation is a member of the Presbyterian Church in Ireland
Pension Scheme (2009). This is a scheme operated bythe Presbyterian Church in
Ireland. a separate registered charity.
The congregation pays an assessment to the PresbY(erian Church in Ireland equivaLent
to the employer's pension contribution forthe 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 sufficientlyfunded to meet current and future
obligations.
A formal schedule of contributions was drawn up on 25 November 2015 wherebythe
Presbyterian Church agreed to pay from 31 December 2015 contributions of 24% of
pensionable salaries to coverthe accrual of benefits forfuture service. expenses. the
cost of insuring death in serrfice benefits and funding the scheme deticit.
The contributions made bythe congregation during the past two years were=
£ 2024
£6,768
£2023
£6.570
Contributions
e15of16

an
DOWNSHIRE ROAD CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTESTOTHEACCOUNTS
31" December 2024
RELATED PARTY T
One of the Trustees, the Minister of the congregation, received remuneration of £28,199
and expenses of £5.277 for acting in that capacity. Pension contributions of £6.768
were paid bythe congregation in respect of the ministerto the Presbyterian Church in
Ireland Pension Scheme (2009).
Another Trustee, our relief organist. received remuneration of £1,350 duringthe year.
None of the othertrustees received any remuneration or expenses.
During the yearthe congregation contributed the following amounts to Funds of the
General Assembly of the Presbyterian Church in Ireland- a separate charity.
£6.864 for Congregational Assessments
£6.226 towards the United Appeal
£3.360 toward the World Development Appeal
The congregation contributed £798 towards Presbytery Assessments during the year.
There were no other related partytransactions.
Pa%e 16 of 16