.Waringstown
an
PRESBYTERIAN
Waringstown Presbyterian Church
a Congregation of the Presbyterian
Church in Ireland
Trustees Annual Report
and Financial Statements
for the year ended
31 December 2024
Registered with the Charity Commi55ion for Northern Ireland; NIC105076

WARINGSTOWN PRESB YfERIAN CHURCH
a Congregation of The Pre5byteriun Church in Ireland
TRUSTEESANNUAL REPORT
an
The Trustees present their Annual Report and Financial Statements for the year ended 31
December 2024 including a Balance Sheet as at that date.
REFERENCE AND ADMINISTRATIVE DETAILS
Waringstown congregation of the Presbyterian Church in Ireland
21 Mill Hill
Waringstown
BT66 7QL
CHARITY TRUSTEES
The Charity Trustees who served during the year or who were trustees at the date of this report
were:
Tyrell Arnold
Steve Bond (resigned June 24)
Bobby Boyd
David Crawford
Michael Cregan
Brian Hanna
Basil McDowell
Ken McKeown
James McNeill
Sam Moffett
David Munroe
Andrew Patterson
Brian Taylor
Rev Mark Haugh
PRINCIPAL OFFICE BEARERS
Minister
Rev. Mark Haugh
Mr. David Crawford
Mr. David Hewitt
Clerk of Session
Treasurer
Congregational Secretary
Mr. Paul Barbour

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T (Conydj
Presbyter
an
INDEPENDENT AUDITORS
Mccleary & Company Ltd
Chartered Accountants & Registered Auditors
Garvey Studios
14 Longstone Street
Lisburn
BT28 ITP
BANKERS
Danske Bank
45-48 High Street
Portadown
BT62 ILB
SOLICITORS
Watson & Neill
23 High Street
Lurgan
BT66 8AH

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T {ConYdJ
an
STRUCFURE AND MANAGEMENT
The Kirk Session
The charity trustees of the congregation are the members of its Kirk session. Under the
congregation's governing document, The Code, the book of the constitution and government 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 ensures pastoral care is in place in the congregation and seeks to further the contribution
of the Church to Christian witness and service in the local community. The Kirk Session 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 Session consists of the ordained minister and the ruling elders of the congregation. All
members are entitled to propose, speak and exercise equal votes at meetings, except that the
Moderator, the minister in active duty in the congregation, has no deliberative but only a casting
vote. Stated meetings of the Kirk Session are held monthly from September through to June each
year.
To be chosen for the office of the eldership in the congregation a person must be a voting member
and a regular attendant on its ordinances. The selection of those proposed to be called to the office
can be either by the congregation or by the Kirk Session.
Presbytery
Under the Presbyterian Church in Ireland form of governance the corporate oversight of
congregation is the responsibility of a Presbytery which superintends generally the Spiritual and
temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian
Church in Ireland. Waringstown Presbyterian Church has been assigned to the Armagh Presbytery of
the Presbyterian Church in Ireland.
The General Assembly
The General Assembly is the supreme court of the Church, representing in one body the whole
Church and acting as its supreme legislative, administrative and judicial authority, in dealing
with all matters brought before it. The General Assembly is normally constituted during the first
week in June for worship and to conduct its business. Atthe end of business, it is dissolved.
DESCRIPTION AND PURPOSE
Waringstown Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The
Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is 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 statement is "to know Jesus Christ and make Him known" by the power
of the Holy Spirit and to the glory of God the Father. With God's help, we wantto:

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEESANNUAL REPORT{ConYdJ
an
GROW in the knowledge of God {Col I:1 O) through the teaching of God's Word, fellowship and
prayer (Act s 2".421
LOVE and serve one another {Gal 5.13, John 13.341
OFFER HOPE to our community and world through the sharing of the good news of Jesus Christ
(Acts 1.8)
WORSHIP God together and glorify Him through the way in which we live each day (I Peter 4.111
The congregation aims to live out its Mission and Vision as a family of God's people by being:
Acovenant Community: where our relationships are rooted inthe promises of God by living
faithfully toward him and toward one another.
An Intergenerational Community: where adults intentionally take the lead to engage with,
encourage and nurture younger members to maturity in Christ.
An Outward Lookingcommunity: where we wantthe blessings of God that belongto 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 thatthe Bible is the supreme
authority over all we do and that the Westminster Confe55ion of Faith, along with the Larger and
Shorter Catechism5 set out what we understand the Bible teaches on key matter5 of Christian
faith andpractice.
AcfiviTIES AND OBJEcfivES
The congregation meets for worship every Sunday morning and evening. The sacraments of The
Lord's Supper and Baptlsm are observed throughout the year. Members of the congregation are
involved in a range of ministries serving the wider community and are outlined in the table below.
Adoption / Fostering Support
AV (Audio Visuall
Badminton
Banner Group
Blast
Flourish (Ladies Ministry)
Flower Ministry
Friday Fun Club
Friendship Circle
Girls, Brigade
Life Groups
Little Lambs
Music Ministry
Newcomers
Pastoral Care / Visitors
Prayer Ministry
Shine (Holiday Bible Club)
Sunday School
Weavers Cancer Support
WPC Office / Communication
Young Adults
Youth Ministry
Youth Club1Sat Night)
Boys, Brigade
Catering Team
Child Protection
Coffee Rota
Luncheon Club
Men's Bowls
Men's Ministry
Men's Football
Connect WPC
Creche
Door Ministry
Mission Support

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEESANNUAL REPOR T (Conyd)
an
ACHIEVEMENTS AND PERFORMANCE
Worship and prayer.
The congregation meets for worship each Sunday morning at 9:30am and 11:30am with over 350
people attending each week and each Sunday evening at 6:30pm with around 120 in attendance.
In addition, we hold special services throughout the year, including for Christmas and Easter.
Throughout the year the sacrament of baptism was administered and several marriage services
conducted and we also gave thanks for the faithful service of individuals and sought to comfort
those who had been bereaved.
At 31 December 2024 there were 419 communicant members and 314 farnilies connected with
the congregation.
Pastoral care
Members of the congregation who are unable to attend church for medical and/or health reasons
are visited on a regular basis by the minister, elders or by one of the congregation's pastoral
visitors. Each week one morning service and the evening service are live streamed via the internet
and DVD/CD copies of services are also available each week for distribution to those unable to
attend.
Mission and outreach
At a local level, the congregation seeks to know Jesus Christ and make Him known through pastoral
and prartical support to the local community. Financial assistance is also provided to several social
witness, mission and outreach organisations at local, national and global levels through the church
Mission Support Fund.
The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian
Church in Ireland. This fund enables congregations to 5UPPOrtthe wider mission of the denomination
and to do mission and outreach on a denominational basis beyond what the congregation could do
on its own. The United Appeal Fund provides financial support for mission personnel at home and
overseas, assists congregations Wlth the deployment of locally based staff, enables church planting,
provides grant support for the upkeep of church premises, assists with the running costs of Union
Theological College, the Church's training college for ministry students, and financially supports
congregations in the areas of worship, discipleship• global mission, outreach, leadership and pastoral
care.

WARINGSTOWN PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEESANNUAL REPOR T {ConVd)
Presbyter
an
Presbytery
The congregation was represented at the regular meetings of Presbytery by one of the elders and
latterly our minister (after he was installed) also attended meetings of presbytery. This provides
an important link between the congregations and the wider structures of the church.
General Assembly
One of our elders was nominated to represent the congregation at the meeting of the General
Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June.
Property
Our new church hall has been in operation since early 2022 and is a valuable asset for the ministry of
the church. The total cost of the build was approx. £2.5 million and the generosity of the congregation
means that at the end of 2024 the outstanding loan is approximately £650 thousand. The
congregation also own the historical listed church building and the Craig Hall on the Mill Hill site and
a manse at Cherryville on the Dunkirk Road. Six acres of land on the Banbridge Road are held as an
investment.
Volunteers
Much of the work of the church is carried out by a large number of volunteers, and the Trustees wish
to acknowledge their deep appreciation of those who give freely of their time by serving on
committees, helping with organisations and other church activities.
PUBLIC BENEFIT STATEMENT
The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its
members and the wider 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
understanding in Christian beliefs as set out in the Bible and in the Church's subordinate standards
(the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and
moral development and opportunities for response to Bible teaching. In turn, this framework leads
to practical expressions of Christian beliefs and standards in the local 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 members or are
facil itated through presbyteries or are organised and delivered centrally. Local delivery is facilitated
by central resources in almost all cases. Public access is made known using noticeboards, printed
material, press advertisement, websites, and social media or in other ways.
The benefits are demonstrated through regular evaluation of the services and informal and ad- hoc
feedback from members, their families, and members of the public. The purpose does not lead to
harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries,
Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPORT {ConYd)
an
office or employment. However, this is incidental and necessary to further our charitable purpose.
There are no other private benefits. The beneficiaries of this purpose are members, their families,
other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the
community in which pastoral services are provided and other communities throughout Northern
Ireland, the Republic of Ireland, 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.
FINANCIAL REVIEW
The congregation's main source of income is members, contributions through the Weekly Freewill
Offering, donating a total of £202,063 (£184.530- 2023) Total Income of the congregation during the
year was £637,197, compared to £634,023 in 2023.
Total expenditure decreased from £483.070 (2023) to £481,111.
RESPONSIBILITIES IN RESPEcf 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.
TheTrustees are required to prepare financial statements for each financial yearwhich give a true and
fairview of the state of affairs of the congregation and the financial activitiesforthatyear. In preparing
the financial statements the Trustees are required to:
select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent.
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 congregation 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.

WARINGSTOWN PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEESANNUAL REPORT(ConYdJ
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GOING CONCERN
The activities of the congregation are dependent on ongoing contributions from its members. The
Trustees are of the opinion that the congregation has sufficient resources at the date of approval of
these financial statements to meet commitments which will arise in the yearfrom the date of
signing this report and subject to the continuing supportfrom members to fund on an ongoing basis
the congregation's current activities and other financial commitments.
RESERVES POLICY
The Trustees are to review the level of unrestricted reserves that it is appropriate to hold taking
account of current and ongoing commitments. It is the policy of the Trustees to hold at least three to
six months, normal expenditure in unrestrirted reserves. Atthe year-end unrestricted reserves held
in current assets were £195,976, {2023- £188,174), which represents a level of reserves above the
expected range. The Trustees consider it prudent to hold reserves at this level as the funding of their
present activities is dependent on the ongoing financial support of members.
RISK REVIEW
A review of major risks, systems and procedures implementedto manage identified risks, is an ongoing
artivity and any issues highlighted are addressed by the Trustees with the 5UPPOrt of the
congregational committee.
The principal risks are in relation to the likelihood of reputational damage and financial risks associated
with the expectation of ongoing financial support from members. These risks are mitigated by the
Trustees, and the Congregational Committee, regularly monitoring the various activities of the
ongregation at stated meetings and by encouraging members in their regular giving.
The major capital cost for a new church hall was previously fully discussed by the Congregation at a
special general meeting in 2018. At that meeting the congregation voted to proceed with the build
project and have committed to financially support the project through a mix of regular donations and
large single donations. A bank loan of £1 million was drawn from Danske Bank (less than the £1.39
million loan facility granted), which was reduced to £650thousand byend of 2024. Ongoing donations
are monitored to ensure the loan is affordable.
Approved by the K'rk Session at a meeting on 18th March 2025 and s
d on its behalf by
David Crawfo
Clerk of Session
Rev
ar
Haugh
Minister

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPORT (Conydj
INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF WARINGSTOWN CONGREGATION
OF THE PRESBYfERIAN CHURCH IN IRELAND
an
Opinion
We have audited the financial statements of Waringstown Presbyterian Church for the year
ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance
Sheet and notes to the financial statements, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdorn Accounting Standards, including Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the CharIt￿S affairs as at 31 December 2024, and
of its total incoming resources and expenditure of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act (Northern
Ireland) 2008.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS
(UKI) and applicable law. Our responsibilities under those standards are further described in
the Auditorfs responsibilities for the audit of the financial statements section of our report.
We are independent of the charity in accordance with the ethical requirements that are
relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern.
We have nothing to report in respect of the following matters in relation to which the ISAS
(UK) require us to report to you where:
the Trustees, use of the going concern basis of accounting in the preparation of the
financial statements is not appropriate; or

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T (Conydj
an
INDEPENDENT AUDITORS REPORT TO THE TRusfEES OF WARINGSTOWN CONGREGATION
OF THE PRESBYfERIAN CHURCH IN IRELAND {conVd)
the Trustees have not disclosed in the financial statements any identified material
uncertainties that may cast significant doubt about the charit¢s ability to continue to
adopt the going concern basis of accounting for a period of at least twelve months from
the date when the financial statements are authorised for issue.
Other information
The trustees are responsible for the other information. The other information comprises the
information included in the trustees, annual report, other than the financial statements and
our auditorfs report thereon. Our opinion on the financial statements does not cover the
other information and except to the extent otherwise explicitly stated in our report, we do
not express any form of assurance conclusion thereon.
In connection with our3udit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the audit or
otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other
information. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the
Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 require us to report to
you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with
the trustees, report; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records. or
we have not received all the information and explanations we require for our audit.

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T (ConVdJ
an
INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF WARINGStOWN CONGREGATION
OF THE PRESBYfERIAN CHURCH IN IRELAND (convd)
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement set out on page 10, the
trustees are responsible for the preparation of financial statements which give a true and fair
view and for such internal control as the trustees determine is necessary to enable the
preparation of financial statements that are free from materia5 misstatement, whether due
to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's
ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustees either intend to
liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditor under section 65(2) of the Charities Act (Northern Ireland)
2008 and report in accordance with regulations made under section 66 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements
are free from material misstatement, whether due to fraud or error. and to issue an auditorfs
report that includes our opinion. Reasonable assurance is a high level of assurance but is not
a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Having considered the nature of the Charity and the sector in which it operates, we identified
that the principal risks of non-compliance with laws and regulations related to breaches of
health and safety laws, employment law and environmental regulations. We considered the
extent to which non-compliance might have a material effect on the financial statements.

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEESANNUAL REPOR T (Convdj
an
INDEPENDENT AUDITORS REPORTTO THETRUSTEES OF WARINGSTOWN CONGREGATION
OF THE PRESBYfERIAN CHURCH IN IRELAND (cont'd)
We evaluated management's incentives and opportunities for fraudulent manipulation of the
financial statements (including the risk of override of controls) and determined that the
principal risks were related to misstatement of restricted and unrestricted fund balances.
Audit procedures performed included:
- Assessment of compliance with key laws and regulations.
Enquiry of those charged with governance including any known or suspected instances of
non-compliance with laws and regulations, potential litigation, and fraud.
Identifying and testing transactions for appropriateness. evaluating the rationale for
significant transactions outside what is normal for the charity and assessing whether the
judgments made in making accounting estimates are indicative of potential bias, in order to
assess the risk of fraud through management override of controls.
- Analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud.
Challenging assumptions and judgments made by management in significant accounting
estimates.
Reviewing the disclosures in the financial statements against the specific legal requirements.
Substantive testing of Balance Sheet items, together with a high level of individual account
analysis.
Detailed analysis of all restricted funds, agreeing postings and cut off.
We communicated relevant identified laws and regulations and potential fraud risks to all
engagement team members and remained alert to any indications of fraud or non-compliance
with laws and regulations throughout the audit.
There are inherent limitations in the audit procedures outlined above. We are less likely to
become aware of instances with laws and regulations that are not closely related to events
and transactions reflected in the financial statements. Also, the risk of not detecting a
material misstatement due to fraud is higher than the risk of not detecting one resulting from
error, as fraud may involve deliberate concealment.

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T (Convdj
an
INDEPENDENT AUDITORS REPORTTO THETRUSTEES OF WARINGSTOWN CONGREGATION
OF THE PRESBYTERIAN CHURCH IN IRELAND (conyd)
A further description of our responsibilities forthe audit of the financial statements is
located on the Financial Reporting Council's website at:
www.frc.or
auditorsres
onsibilities. This description forms part of our auditorfs report.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. Our audit work has
been undertaken so that we might state to the charity's trustees those matters we are
required to state to them in an auditorfs report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the charity
and the charity's trustees as a body, forouraudit work, forthis report, or forthe opinions we
have formed.
John Mccleary (Senior Statutory Auditor)
for and on behalf of Mccleary & Company Ltd
Chartered Accountant5 and Registered Auditors
Ganiey Studios
14 Longstone Street
Lisburn
Co. Antrim
BT28 ITP
March 2025

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T {ConYd)
an
STATEMENT OF FINANCIAL ACTIVITY
for the year ended 31 December 2024
Income and Endowments
from:
Donations and legacies
Charitable activities
Investments
Other
257,684
332,382
36,196
590,066
36,196
3,806
7,129
595,870
28,886
5,282
3,985
3,742
1,666
64
5,463
Total
263,092
374,041
64
637,197
634,023
Expenditure on:
Raising funds
Charitable activities
Other
788
267,646
72,772
788
407,551
72,772
814
408,696
73,560
139,905
Total
341,206
139,905
481,111
483,070
Net Income / (Expenditure)
178,114)
234,136
64
156,086
150,953
Transfers between funds
Gains/{lossesl on revaluation
of fixed asset5
157,936
(157,811) {125}
279
279
318
Net movement in funds
Reconciliation of funds:
Total funds brought forward
79,822
76,325
218
156,365
151,271
2,375,869
136,405 6,886 2,519,160 2,367,889
Total funds carried forward
2,455,691
212,730 7,104 2,675,525 2,519,160

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPORT (Cont'd)
an
BALANCE SHEET
As at 31 December 2024
Fixed assets:
Tangible assets
Investments
13 2,857,615
60,000
2,857,615 2,910,587
14
7,104
67,104
63,825
Total fixed assets
2,917,615
7,104 2,924,719 2,974,412
Current assets
Debtors
15
31,210
30,640
61,850
96,553
Cash at bank and in hand
16
164,766 182,090
346,856
239,751
Total current assets
195,976 212,730
408,706
336,304
Liabilities:
Creditors." Amounts falling 17
due within one year
126,950
126,950
166,932
Net current assets
/{liabilities)
69,026 212,730
281,756
169,372
Creditors: Amounts falling 18
due after one year
530,950
530,950
624,624
Total assets less current
liabilities
2,455,691 212,730 7,104 2,675,525 2,519,160

WARINGSTOWN PRESBI￿ERlAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUS7EES ANNUAL REPOR T {ConVdJ
Presbyter
an
BALANCE SHEEr
As at 31 December 2024
Funds of the charity
Endowment funds
19
7104
6,886
Restricted funds
19
212,730
136,405
Unrestricted funds
19
2,455,691
2,375,869
Total charity funds
2,675,525
2,519,160
th
Approved by the Kirk Session at a meeting on 18 March 2025 and signed on its behalf by
David Cra
Rev Mark Haugh
Clerk of Session
Minister

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T (Conyd)
an
STATEMENT OF CASH FLOWS
For the Year Ended 31 December 2024
Cash flows from operating activities
Cash generated from operations
127,154
116,3751
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of Investments
Interest received
(19,800)
(3,000)
2,687
64
(44,961)
657
Investment income
75
Net cash provided by (used in)
investing activities
(20,049)
(44,229)
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
107,105
(60,6041
239,751
300,355
Cash and cash equivalents at the
end of the reporting period
346,856
239,751

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T (Convdj
Presbyter
an
NOTESTO THE STATEMENT OF CASH FLOWS
For the Year Ended 31 December 2024
RECONCILIATION OF NET INCOME/(EXPENDITURE)
Net movement in funds for the
reporting period
156,365 151,271
Adjustments for:
Depreciation charges
Loss / Gains on revaluation
Interest received
72,772
(279)
(2,687)
{64)
73,560
(318)
(657)
(75)
Investment income
226,107
223,781
34,703
(36,830)
(133,656) (203,326)
Decrease/(increase} in debtors
(Decrease)/increase in creditors
Net cash provided by (used in)
operating activities
127,154 (16,375)

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEESANNUAL REPOR T (Convdj
an
NOTES TO THE ACCOUNTS
For the year ending 31 December 2024
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP (FRS102) 'Accounting and Reporting
by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with Financial Reporting Standards applicable in the UK and
Republic of Ireland (FRS102) {effective l January 2019), and the Charities Act (Northern
Ireland) 2008.
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 (bl 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.
io

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEESANNUAL REPOR T (Conydj
Presbyter
an
NOTESTO THE ACCOUNTS
For the year ending 31 December 2024
ACCOUNTING POLICIES (convd)
INCOMING RESOURCES
Recognition of 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 sufficiently reliably.
(li) 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.
{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 theirvalue to the charity orthe
amount realised. 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 placed on these resources is the estimated value to the charity of the
service or facility received.
li

WARINGSTOWN PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T (Conyd)
an
NOTESTO THE ACCOUNTS
For the year ending 31 December 2024
ACCOUNTING POLICIES (convd)
{viii) Volunteer help.
The value of any voluntary help received is not included in the accounts but is described in
the trustees, annual report.
(ix) Investment income.
This is included in the accounts when receivable.
(x) 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
(xi) Liability recognition.
Liabilities are recognised as soon as there is a legal or constructive obligation committing
the congregation to pay out resources.
(xii) 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.
(xiii) 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.
(xiv) 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.
12

WARINGSTOWN pREsB￿ER1AN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEESANNUAL REPORT(ConYd)
an
NOTESTO THE ACCOUNTS
For the year ending 31 December 2024
ACCOUNTING POLICIES {cont'd)
ASSErs
{xv) 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 £2,500. They are valued at cost or, if gifted, at the value to the
charity on receipt.
Depreciation is recorded on all tangible fixed assets other than freehold land, at rates
calculated to write off the cost, less estimated residual value, of each asset over its expected
useful life as follows.
Buildings:
Fixtures, fittings and equipment
over50 years.
150/0 reducing balance.
(xvi) Investments.
I nvestments 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.
(Xvii) Going Concern.
The financial Statements have been prepared on a going concern basis.
DONATIONS AND LEGACIES
li 1:11 11 31
Recorded giving:
Freewill offering
Loose collections
202,063 202,853
8,663
404,916 432,741
8,663
5,882
77,663 42,183
98,824 115,064
Donations and gifts
Gift Aid
77,663
51,866
46,958
257,684 332,382
590,066 595,870
13

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPORT (Conyd)
an
NOTES TO THE ACCOUNTS (convd)
For the year ending 31 December 2024
CHARITABLE ACTIVITIES
Income from charitable
activities
Organisation income
Grants
Fundraising Events
16,373
10,617
9,206
16,373 24,398
10,617
3,481
9,206
1,007
36,196
36,196 28,886
INVESTMENTS
li I: li
Deposit interest
Investment income
Rental income
2,687
2,687
64
657
64
75
1,055
1,055
4,550
3,742
3,806
5,282
14

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEESANNUAL REPOR T (Convd)
Presbyter
an
NOTES TO THE ACCOUNTS (cont'd)
For the year ending 31 December 2024
OTHER INCOME
Other income
Graveyard
1,666
4,238
1,225
5,904
1,225
2,735
1,250
1,666
5,463
7,129
3,985
RAISING FUNDS
FWO envelopes
788
788
814
788
788
814
15

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T (Conydj
an
NOTES TO THE ACCOUNTS {conVd)
For the year ending 31 December 2024
CHARITABLE ACTIVITIES
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational running
expenses
Donations to Missions and
charities
19,725
1,479
127,422
106,725
19,725
1,479
127,422 79,766
177,325 181,914
18,396
889
70.600
6,775
69,305
76,080 123.381
Governance costs
5,520
5,520
4,350
267,646 139,905
407,551 408,696
OTHER EXPENDITURE
Depreciation
72,772
72,772 73,560
72,772
72,772 73,560
16

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T {ConYdJ
Presbyter
an
NOTES TO THE ACCOUNTS (cont'd)
For the year ending 31 December 2024
EMPLOYEES
Employment Costs
Wages and Salaries
Social Security Costs
Pension contributions
105,755 72,137
5,928
1,842
13,479
5,787
125,162 79,766
Number of Employees
The average number of employees, including the minister of the congregation. during the
year was
2024
2023
Average number of employees
There were no employees in receipt of employee benefits in excess of £60,000.
10. TRUSTEES. REMUNERATION
Details of trustee remuneration as detailed at note 20.
11. NET INCOME /{EXPENDITURE)
Net income/(Expenditurel is stated after charging/lCrediting).'
2024
2023
Auditors Remuneration
Depreciation-owned assets
5,520
4,350
72,772 73,560
17

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEESANNUAL REPOR T (Conyd)
an
NOTES TO THE ACCOUNTS {cont'd}
For the year ending 31 December 2024
12. 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 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 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% 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 year were.
Contributions
10,805 3,243
The congregation operates a defined pension contribution policy for its employees. The
scheme and its assets are held by an independent scheme manager. The pension charge
represents the contributions due from the congregation during the year.
Contributions
2,674 2,544
18

WARINGSTOWN PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T {ConYd)
Presbyter
an
NOTESTO THE ACCOUNTS (conyd)
For the year ending 31 December 2024
13. TANGIBLE FIXED ASSErs
Cost or valuation
At start of year
Additions
2,955,178
102,506
19,800
3,057,684
19,800
At end of year
2,955,178
122,305
3,077,483
Depreciation
At start of year
Provision for year
115,907
59,104
31,190
13,668
147,097
72,772
At end of year
175,011
44,857
219,869
Net Book Value
At start of year
2,839,271
71,316
2,910,587
At end of year
2,780,167
77,448
2,857,615
14. INVESTMENTS
2024
2023
General Investment Fund
Investment- Land
7, 104
3,825
60,000 60,000
67,104 63,825
19

WARINGSTOWN PRESBITERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEESANNUAL REPOR T (Conydj
an
NOTES TO THE ACCOUNTS {cont'd)
For the year ending 31 December 2024
14. INVESTMENTS (Cont'd)
2024
2023
Value at start of year
Additions
Disposals
Impairment
Gains / {Losses) on revaluation
63,825 63,507
3,000
279
318
Value at end of year
67,104 63,825
15. DEBTORS
2024
2023
Gift aid recoverable
Prepayments and other debtors
55,498 88,912
6,352
7,641
61,850 96,553
16. CASH AT BANK AND IN HAND
2024
2023
Bank accounts
Cash in hand
345,879 236,071
976
3,680
346,855 239,751
20

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEESANNUAL REPORT(ConYdJ
an
NOTESTO THE ACCOUNTS (convd)
For the year ending 31 December 2024
17. CREDITORS: Amounts falling due within one year
2024
2023
Other Creditors
Accruals
Bank Overdraft
Bank loan due within one year
42,182
4,750
6,950
120,000 120,000
126,950 166,932
18. CREDITORS: Amounts falling due after one year
2024
2023
Bank loan due after one year
530,950 624,624
530,950 624,624
21

WARINGSTOWN PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T {ConYdJ
an
NOTES TO THE ACCOUNTS (cont'd)
For the year ending 31 December 2024
19. FUND BALANCES AND RECONCILIATION OF FUNDS
Balance at
Income
Expend.
Gains
Transfer
Balance at
end
Fund
start
Losses
Unrestricted Funds
General Fund
Fixed Assets
(534,718)
2,910,587
263,092
268,434
72,772
{5,342)
(72,772)
138,136 {401,924)
19,800 2,857,615
2,375,869
263,092
341,206
(78,114)
157,936 2,455,691
Restricted Funds
Building Fund
Missions Fund
Bowling Fellowship
Boys, Brigade
Catering Ministry
Community Ministries
Friendship Circle
Graveyard Fund
Little Lambs
Luncheon Club
Flourish
Youth & Children's
Donations Fund
Special Collections
Girls Brigade
81,156
9,771
32
279,619
45,791
618
36,661
41,395
150
242,958 (165,484)
4,396
246
468
158,630
14,413
100
{4001
700
7,188
2,033
4,301
17
8,822
4,750
8,304
3,640
518
8,406
3,143
4,301
17
1,110
1,310
1,225
6,661
542
1,310
7,536
8,695
882
14,215
834
{6,311)
{2,034)
(340)
(2,339)
(1,749)
380
8,284
3,556
232
4,756
300
272
3,404
1,647
4,171
6,215
535
8,554
2,284
250
1,315
1,148
1,250
(4,171)
4,362
10,246
7,707
14,608
5,886
(4,362)
1,821
7,364
9,185
136,405
374,041
139,905
234,136 (157,811)
212,730
Endowment Funds
General Invest. Fund
Deposit Invest. Fund
3,825
3,061
279
279
3,000
(3,125)
7,104
64
6,886
343
343
(125)
7,104
Total
2,519,160 637,476
481,111 156,365
2,675,525
22

WARINGSTOWN PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
TRUSTEES ANNUAL REPOR T (Convdj
Presbyter
an
NOTES TO THE ACCOUNTS (convd)
For the year ending 31 December 2024
20. RELATED PARTY TRANSACTIONS
One of the trustees, the Minister of the congregation received remuneration of £45,244 and
expenses of £7,036 for acting in that capacity. Pension contributions of £10,805 were paid
by the congregation in respect of the Minister to the Presbyterian Church in Ireland Pension
Scheme (2009). The Facilities Manager is also a trustee and received remuneration of
£15,731 as an employee of the church for his role as Facilities Manager. No trustee received
any remuneration or expenses during the year in connection with their duties, other than
those mentioned above.
During the year the congregation contributed the following amounts to Funds of the
General Assembly of the Presbyterian Church in Ireland a separate charity
£19,725 to Presbyterian Congregational Assessments
£16,500 to Presbyterian United Appeal
£12,708 to Presbyterian Missions (for S & A Cowan in Kenya)
£3,750 to Presbyterian Missions (for A & O Nel in Russia)
£2,000 to Presbyterian Children's Society
The congregation contributed £1,479 towards Armagh Presbytery Assessments during the
year. There were no other related party transactions.
21.
NEWBUILD- HALL
Construction of the new hall, which commenced in February 2021, was completed by April
2022. The cost of this project was £2.46 million. The building was officially opened by the
Moderator of the Presbyterian Church in Ireland in May 2022.
22.
Capital Commitments
At the year end the charity had no capital commitments and none in the priorfinancial year.
23