DOWNSHIRE ROAD PRESBYTERIAN CHURCH A CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY Recei ts and Pa ments Accountin FOR THE YEAR ENDED 3111212025 Unrestrictsd Restricted Funds Funds Endowment Funds 2025 2024 RECEIPTS Congregational Funds 76,509 45,722 122,231 98,651 Missions & Charities 12,387 12,387 16,768 Property Maint + Repair 36,826 36,826 21,657 Organisations 10,464 10,464 8,573 TOTAL RECEIPTS 76,509 105.399 181,908 145,649 PAYMENTS Congregational Activities 92,600 5,875 98,475 89,934 Missions & Charities 13,886 13,886 16,827 Property Maint + Repair 12,734 12,734 25,331 Organisations 10,947 10,947 10,461 92.600 43.442 136,042 142,553 Net Income I (Expenditure) -16,091 61,957 45,866 3,096 BANK & CASH BALANCES 205,127 161,450 INVESTMENTS 2,190 25,164 207,317 186,614 Page 1 of2
DOWNSHIRE ROAD PRESBYTERIAN CHURCH A CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 3111212025 BANK AND CASH BALANCES 2025 2024 Current Acounts 58,655 56755 Deposit Accounts Cash in Hand 146,472 104,695 205,127 161,450 Investments 2,190 40,121 FIXED ASSETS 2025 2024 The Congregation owns the Church premises situated on Downshire Road Newry 3,870,000 3,870,000 together with associated fixtures, fittings and equipment 89,616 89,616 a Manse for the Minister situated at 1 Glen Mullan, Rathfriland Road Newry 620,162 620,162 together with associated fixtures, fittings and equipment. 19,200 19,200 4,598,978 4,598,978 LIABILITIES Loans Other NIL NIL NIL NIL TOTAL ASSETS 4,806,295 4,800,549 Approved by the Kirk Sesslon at a meeting on 2¥ i Ltr I fL signed on its behalf by: and [Signature] [Slgnature] [Namel L trIAtsJ [Namel ,?al0 C4JNS+*J F4kn [Date] tDate] I OLF. 210. Page2of2
DOWNSHIRE ROAD PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland 31 December 2025 ACCOUNTING POLICIES (page l of 3) BASIS OF FINANCIAL sfATEMENTS The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective l January 2015). 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, nor those that are informal gatherings of church members. 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 These are included in the Statement of Financial Activities (SOFA) 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 reliably. Incoming resources with related expenditure Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA. Grant3 and donation3 Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. 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. NIG105059
DOWNSHIRE ROAD PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland 31 December 2025 ACCOUNTING POUCIES (page 2 of 3) Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount realised. Gifts in kind for use by the 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 any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised as soon as there is a legal or construrtive 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 of any legal advice to trustees on governance or constitutional matters. 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. ASSETS Tangible Fixed Assets Tansible fixed assets for use by charity are Gapitali5ed if they can bc u3cd for morc than onc ycar, and co3t 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 market value at the year end. NIG105059
DOWNSHIRE ROAD PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland 31 December 2025 ACCOUNTING POLICIES (page 3 of 3) 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 employerfs 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. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24¥0 of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit. The contributions made by the congregation during the past two years were: £ 2025 £5107 £2024 £6,768 Contributions RELATED PARTY TRANSAcfioNS One of the Trustees, the Minister of the congregation, received remuneration of £29,185 and expenses of £5,541 for acting in that capacity. Pension contributions of £5,107 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). Another Trustee, our relief organist, received remuneration of £2,950 during the year. None of the other trustees received any remuneration or expenses. During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland - a separate charity. £5,899 for Congregational Assessments £6,106 towards the United Appeal £3,192 toward the World Development Appeal The congregation contributed £823 towards Presbytery Assessments during the year. There were no other related party transactions. NIC105059
DOWNSHIRE ROAD PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland TRUSTEES ANNUAL REPORT (cont'd) FINANCIAL REVIEW The congregation's main SoUrS of income are members, contributions through the Weekly Freewill Offering together with Gift Aid claimed on those donations authorised by the contributors, and investment income. There were 137 contributors during the year 2025 (140 in previous year, 2024) and a total of £64,209 was reiVed (£61,554 in previous year 2024). Total Income of the congregation during the year was £181,908, compared to £145,649 in 2024. Total Expenditure was £136,042 compared to £142,553 in 2024. RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable 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 congregations and the financial activities for that year. In preparing the financial statements the Trustees are required to: 1 . Select suitable accounting policies and then apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. 3. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Funds will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable them to ensure that the financial statements comply with the Statement of Recommended Practice 'Accounting and Reporting by Charities (1 January 2015)" 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. NIC105059