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 ,?a￿l0 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 SoUr￿S 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 re￿iVed (£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