## **Waringstown Presbyterian Church a Congregation of the Presbyterian Church in Ireland** 

## **Financial Statements** 

**for the year ended 31 December 2025** 

**Registered with the Charity Commission for Northern Ireland;  NIC105076** 

1 



_**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland ANNUAL FINANCIAL REPORT Continued**_ 


The Trustees present their Statement of Financial Activities for the year ended 

31 December 2025 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 Ken McKeown Bobby Boyd James McNeill David Crawford Sam Moffett Michael Cregan David Munroe Brian Hanna Andrew Patterson Rev Mark Haugh Brian Taylor Basil McDowell 

## **PRINCIPAL OFFICE BEARERS** 

Minister Rev Mark Haugh Clerk of Session Mr. David Crawford Treasurer Mr. David Hewitt Congregational Secretary Mr. Paul Barbour 

## **INDEPENDENT AUDITORS** 

## **BANKERS** 

McCleary & Company Ltd Danske Bank Chartered Accountants & Registered Auditors 45-48 High Street Garvey Studios Portadown 14 Longstone Street BT62 1LB Lisburn BT28 1TP 

## **SOLICITORS** 

**For general legal support** Watson & Neill 23 High Street Lurgan, BT66 8AH 

**For specialist planning legal support** Tughans Solicitors 3 Bedford St, Belfast, BT2 7EP 

2 



_**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland ANNUAL FINANCIAL REPORT Continued**_ 


## **STATEMENT OF FINANCIAL ACTIVITY** 

**for the year ended 31 December 2025** 

||Notes|Unrestricted<br>Funds|Restricted<br>Funds|Endowment|Funds|Total Funds<br>2025|Total Funds<br>2024|
|---|---|---|---|---|---|---|---|
|||**£**|**£**|**£**||**£**|**£**|
|**Income and Endowments**||||||||
|**from:**||||||||
|Donations and legacies|2|262,748|352,508||-|615,256|590,066|
|Charitable activities|3|-|21,087||-|21,087|36,196|
|Investments|4|1,693|-||-|1,693|3,806|
|Other|5|-|3,470||-|3,470|7,129|
|Total||264,441|377,065||-|641,506|637,197|
|**Expenditure on:**||||||||
|Raising funds|6|594|-||-|594|788|
|Charitable activities|7|235,085|148,127||-|383,212|407,551|
|Other|8|70,719|-||-|70,719|72,772|
|Total||306,398|148,127||-|454,525|481,111|
|**Net Income / (Expenditure)**||(41,957)|228,938||-|186,981|156,086|
|Transfers between funds||246,420|(246,420)||-|-|-|
|Gains/(losses) on revaluation||-|-|(305)||(305)|279|
|of fixed assets||||||||
|**Net movement in funds**||204,463|(17,482)|(305)||186,676|156,365|
|Reconciliation of funds:||||||||
|Total funds brought forward||2,455,691|212,730|7,104||2,675,525|2,519,160|
|**Total funds carried forward**||2,660,154|195,248|6,799||2,862,201|2,675,525|
|||========|========|======||========|========|



3 



_**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland ANNUAL FINANCIAL REPORT Continued**_ 


## **BALANCE SHEET** 

**As at 31 December 2025** 

||Notes|Unrestricted|Funds|Restricted|Funds|Endowment|Funds|Total Funds|2025|Total Funds|2024|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||**£**||**£**|**£**|||**£**||**£**|
|**Fixed assets:**||||||||||||
|Tangible assets|13|2,786,895|||-||-|2,786,895||2,857,615||
|Investments|14||60,000||-|6,799|||66,799||67,104|
|**Total fixed assets**||2,846,895|||-|6,799||2,853,694||2,924,719||
|**Current assets**||||||||||||
|Debtors|15||32,339|26,306|||-||58,645||61,850|
|Cash at bank and in hand|16||33,994|281,107|||-||315,101||346,856|
|**Total current assets**|||66,333|307,413|||-||373,746|408,706||
|**Liabilities:**||||||||||||
|Creditors: Amounts falling|17||128,716||-||-||128,716||126,950|
|due within one year||||||||||||
|**Net current assets**|||(62,383)|307,413|||-||245,030||281,756|
|**/(liabilities)**||||||||||||
|Creditors: Amounts falling|18||236,523||-||-||236,523||530,950|
|due after one year||||||||||||
|**Total assets less current**||2,547,989||307,413||6,799||2,862,201||2,675,525||
|**liabilities**||||||||||||
|||========||========||======|||========|========||



4 



_**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland ANNUAL FINANCIAL REPORT Continued**_ 


## **BALANCE SHEET** 

**As at 31 December 2025** 

||Note|Total Funds<br>2025|Total Funds<br>2024|
|---|---|---|---|
|||**£**|**£**|
|**Funds of the charity**||||
|Endowment funds|17|6,799|7,104|
|Restricted funds|17|195,248|212,730|
|Unrestricted funds|17|2,660,154|2,455,691|
|**Total charity funds**||2,862,201|2,675,525|
|||=========|=========|



Approved by the Kirk Session at a meeting on 14 May 2026 and signed on its behalf by 


David Crawford 

Clerk of Session 

Rev Mark Haugh Minister 

5 



_**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland ANNUAL FINANCIAL REPORT Continued**_ 


## **STATEMENT OF CASH FLOWS** 

**For the Year Ended 31 December 2025** 

||Note||Total Funds|2025|Total Funds<br>2024|
|---|---|---|---|---|---|
|||||**£**|**£**|
|**Cash flows from operating activities**||||||
|Cash generated from operations||1|||127,154|
|**Cash flows from investing activities**||||||
|Purchase of tangible fixed assets|||||(19,800)|
|Purchase of Investments|||||(3,000)|
|Interest received|||||2,687|
|Investment income|||||64|
|**Net cash provided by (used in)**|||||(20,049)|
|**investing activities**||||||
|**Change in cash and cash equivalents**|||||107,105|
|**in the reporting period**||||||
|**Cash and cash equivalents at the**||||346,856|239,751|
|**beginning of the reporting period**||||||
|**Cash and cash equivalents at the**|||||346,856|
|**end of the reporting period**||||||
|||||========|========|



6 



_**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland ANNUAL FINANCIAL REPORT Continued**_ 


## **NOTES TO THE STATEMENT OF CASH FLOWS** 

**For the Year Ended 31 December 2025** 

## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE)** 

|**Net movement in funds for the**<br>**reportng period**<br>Adjustments for:<br>Depreciation charges<br>Loss / Gains on revaluation<br>Interest received<br>Investment income<br>Decrease/(increase) in debtors<br>(Decrease)/increase in creditors<br>**Net cash provided by (used in)**<br>**operatng actvites**<br> <br>Note|**£**<br>**£**<br>5<br>156,365<br>72,772<br>(279)<br>(2,687)<br>(64)<br>226,107<br>34,703<br>(133,656)<br>127,154<br>======== ========<br>Total Funds<br>2025<br>Total Funds<br>2024|
|---|---|



7 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** _**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS** 

**For the year ending 31 December 2025** 

## **1. 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 1 January 2015)’ 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 (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. 

8 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** _**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS** 

**For the year ending 31 December 2025** 

## **1. ACCOUNTING POLICIES (cont’d)** 

## **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. 

- the trustees are virtually certain they will receive the resources; and 

- the monetary value can be measured sufficiently reliably. 

## **(ii) 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 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. 

## **(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. 

9 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** _**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS** 

**For the year ending 31 December 2025** 

## **1. ACCOUNTING POLICIES (cont’d)** 

## **(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 **.** 

10 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** _**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS** 

**For the year ending 31 December 2025** 

## **1. ACCOUNTING POLICIES (cont’d)** 

## **ASSETS** 

## **(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: - over 50 years. Fixtures, fittings and equipment - 15% reducing balance. 

## **(xvi) 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. 

## **(XVii) Going Concern** . 

The financial Statements have been prepared on a going concern basis. 

## **2. DONATIONS AND LEGACIES** 

||Unrestricted|Funds|Restricted|Funds|Endowment|Funds|Total Funds|2025|Total Funds<br>2024|
|---|---|---|---|---|---|---|---|---|---|
|||£||£||£||£|£|
|Recorded giving:||||||||||
|Freewill offering|211,365||222,830|||-|434,195||404,916|
|Loose collections||6,948||-||-||6,948|8,663|
|Donations and gifts||1,350||85,796||-||87,146|77,663|
|Gift Aid||43,085||43,882||-||86,967|98,824|
||262,748||352,508|||-|615,256||590,066|
||========||========||=======||========||========|



11 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** _**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS (cont’d)** 

**For the year ending 31 December 2025** 

## **3. CHARITABLE ACTIVITIES** 

|Income from charitable<br>activities<br>Organisation income<br>Grants<br>Fundraising Events<br>**.**<br>**INVESTMENTS**<br>Deposit interest<br>Investment income<br>Rental income|£<br>-<br>-<br>-<br>-<br>=======<br>£<br>825<br>173<br>695<br>1,693<br>=======<br>Unrestricted<br>Funds<br>Unrestricted<br>Funds|£<br>12,221<br>8,866<br>-<br>21,087<br>=======<br>£<br>-<br>-<br>-<br>-<br>=======<br>Restricted<br>Funds<br>Restricted<br>Funds|£<br>-<br>-<br>-<br>-<br>=======<br>£<br>-<br>-<br>-<br>-<br>=======<br>Endowment<br>Funds<br>Endowment<br>Funds|£<br>12,221<br>8,866<br>-<br>21,087<br>=======<br>£<br>825<br>173<br>695<br>1,693<br>=======<br>Total Funds<br>2025<br>Total Funds<br>2025|£<br>16,373<br>10,617<br>9,206<br>36,196<br>=======<br>£<br>2,687<br>64<br>1,055<br>3,806<br>=======<br>Total Funds<br>2024<br>Total Funds<br>2024|
|---|---|---|---|---|---|



## **4. INVESTMENTS** 

12 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** _**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS (cont’d)** 

**For the year ending 31 December 2025** 

## **5. OTHER INCOME** 

|Other income<br>Graveyard<br>**.**<br>**RAISING FUNDS**<br>FWO envelopes|£<br>-<br>-<br>-<br>=======<br>£<br>594<br>594<br>=======<br>Unrestricted<br>Funds<br>Unrestricted<br>Funds|£<br>638<br>2,832<br>3,470<br>=======<br>£<br>-<br>-<br>=======<br>Restricted<br>Funds<br>Restricted<br>Funds|£<br>-<br>-<br>-<br>=======<br>£<br>-<br>-<br>=======<br>Endowment<br>Funds<br>Endowment<br>Funds|£<br>638<br>2,832<br>3,470<br>=======<br>£<br>594<br>594<br>=======<br>Total Funds<br>2025<br>Total Funds<br>2025|£<br>5,904<br>1,225<br>7,129<br>=======<br>£<br>788<br>788<br>=======<br>Total Funds<br>2024<br>Total Funds<br>2024|
|---|---|---|---|---|---|



## **6. RAISING FUNDS** 

13 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** _**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS (cont’d)** 

**For the year ending 31 December 2025** 

## **7. CHARITABLE ACTIVITIES** 

|£<br>£<br>General Assembly Assessments<br>19,010<br>-<br>Presbytery fees<br>1,413<br>-<br>Ministry and support staff costs<br>119,626<br>-<br>Congregational running<br>expenses<br>Donations to Missions and<br>charities<br>87,476<br>62,322<br>300<br>85,805<br>Governance costs<br>7,260<br>-<br>235,085<br>148,127<br>======== ========<br>**.**<br>**OTHER EXPENDITURE**<br>£<br>£<br>Depreciation<br>70,719<br>-<br>70,719<br>=======<br>-<br>=======<br>Unrestricted<br>Funds<br>Unrestricted<br>Funds<br>Restricted<br>Funds<br>Restricted<br>Funds|£<br>£<br>-<br>19,010<br>-<br>1,413<br>-<br>119,626<br>-<br>149,798<br>-<br>86,105<br>-<br>7,260<br>-<br>383,212<br>======= ========<br>£<br>£<br> <br>-<br>70,719<br> <br> <br>-<br>=======<br>70,719<br>=======<br>Endowment<br>Funds<br>Endowment<br>Funds<br>Total Funds<br>2025<br>Total Funds<br>2025|£<br>19,725<br>1,479<br>127,422<br>177,325<br>76,080<br>5,520<br>407,551<br>========<br>£<br>72,772<br>72,772<br>=======<br>Total Funds<br>2024<br>Total Funds<br>2024|
|---|---|---|



## **8. OTHER EXPENDITURE** 

14 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** 

_**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS (cont’d)** 

**For the year ending 31 December 2025** 

## **9. EMPLOYEES Employment Costs** 

||Total Funds<br>2025|Total Funds<br>2024|
|---|---|---|
||£|£|
|Wages and Salaries|101,691|105,755|
|Social Security Costs|7,088|5,928|
|Pension contributions|10,847|13,479|
||119,626|125,162|
||========|========|



## **Number of Employees** 

The average number of employees, including the minister of the congregation, during the year was 

||2025|2024|
|---|---|---|
|Average number of employees|4|4|
||=======|=======|
|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/(Expenditure) is stated after charging/(Crediting):|2025|2024|
|---|---|---|
||£|£|
|Auditors Remuneration|7,260|5,520|
|Depreciation-Owned assets|70,716|72,772|
||=======|=======|



15 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** _**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS (cont’d)** 

**For the year ending 31 December 2025** 

## **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 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. 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 8,187 10,805 ======= ======= 

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 

£ £ 2,660 2,674 ======= ======= 

16 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** _**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS (cont’d)** 

## **For the year ending 31 December 2025** 

## **13. TANGIBLE FIXED ASSETS** 

||Land &|Buildings|Fixtures,<br>Fittings &<br>Equipment|Total||
|---|---|---|---|---|---|
|||£|£||£|
|**Cost or valuation**||||||
|At start of year|2,955,178||122,305|3,077,483||
|Additions||-|-||-|
|At end of year|2,955,178||122,305|3,077,483||
|**Depreciation**||||||
|At start of year||175,011|44,857||219,869|
|Provision for year||59,104|11,615||70,719|
|At end of year||234,115|56,472||290,588|
|**Net Book Value**||||||
|At start of year|2,780,167||77,448|2,857,615||
|At end of year|2,721,063||65,833|2,786,895||
||========||========|========||



## **14. INVESTMENTS** 

|**4.**<br>**INVESTMENTS**|||
|---|---|---|
||2025|2024|
||£|£|
|General Investment Fund|6,799|7,104|
|Investment - Land|60,000|60,000|
||66,799|67,104|
||=======|=======|



17 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** 

_**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS (cont’d)** 

## **For the year ending 31 December 2025** 

## **14. INVESTMENTS (Cont’d)** 

|Value at start of year<br>Additions<br>Disposals<br>Impairment<br>Gains / (Losses) on revaluation<br>Value at end of year|2025<br>£<br>67,104<br>-<br>-<br>-<br>(305)<br>66,799<br>=======|2024<br>£<br>63,825<br>3,000<br>-<br>-<br>279<br>67,104<br>=======|
|---|---|---|



## **15. DEBTORS** 

|Gift aid recoverable<br>Prepayments and other debtors<br>**6.**<br>**CASH AT BANK AND IN HAND**<br>Bank accounts<br>Cash in hand|2025<br>£<br>48,972<br>9,673<br>58,645<br>=======<br>2025<br>£<br>309,848<br>5,253<br>315,101<br>========<br> <br>|2024<br>£<br>55,498<br>6,352<br>61,850<br>=======<br>2024<br>£<br>345,879<br>976<br>346,855<br>========|
|---|---|---|



## **16. CASH AT BANK AND IN HAND** 

18 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** _**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS (cont’d)** 

**For the year ending 31 December 2025** 

## **17. CREDITORS: Amounts falling due within one year** 

|2025<br>£<br>Other Creditors<br>-<br>Accruals<br>Bank Overdraft<br>Bank loan due within one year<br>8,716<br>-<br>120,000<br>128,716<br>========|2024<br>£<br>-<br>6,950<br>-<br>120,000|
|---|---|
||126,950<br>========|



## **18. CREDITORS: Amounts falling due after one year** 

|Bank loan due after one year|2025<br>£<br>236,523<br>236,523<br>========|2024<br>£<br>530,950<br>530,950<br>========|
|---|---|---|



19 



**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland** _**ANNUAL FINANCIAL REPORT (Cont’d)**_ 


## **NOTES TO THE ACCOUNTS (cont’d)** 

**For the year ending 31 December 2025** 

## **19. FUND BALANCES AND RECONCILIATION OF FUNDS** 

|**Fund**|Balance at|Income|Expend.|Gains|Transfer|Balance at|
|---|---|---|---|---|---|---|
||start|||Losses||end|
||£|£|£|£|£|£|
|**Unrestricted Funds**|||||||
|General Fund|(401,924)|264,441|235,679|28,762|246,420|(126,742)|
|Fixed Assets|2,857,615|-|70,719|(70,719)|-|2,786,896|
||---------------|---------------|---------------|-----------|---------------|---------------|
||2,455,691|264,441|306,398|(41,957)|246,420|2,660,154|
|**Restricted Funds**|||||||
|Building Fund|158,630|258,976|29,535|229,441|(248,100)|139,971|
|Missions Fund|14,413|81,597|83,005|(1,408)|510|13,515|
|Bowling Fellowship|100|1,043|577|466|(500)|66|
|Boys’ Brigade|8,406|9,386|11,677|(2,291)|-|6,115|
|Catering Ministry|3,143|5,407|2,305|3,102|-|6,245|
|Community Ministries|4,301|-|-|-|-|4,301|
|Friendship Circle|17|1,390|1,390|-|-|17|
|Graveyard Fund|8,284|2,832|2,976|(144)|-|8,140|
|Little Lambs|3,556|3,917|3,846|71|-|3,627|
|Luncheon Club|232|500|722|(222)|300|310|
|Flourish|1,315|1,839|1,558|281|(100)|1,496|
|Youth & Children’s|1,148|3,090|6,253|(3,163)|2,970|955|
|Special Collections|-|190|190|-|-|-|
|Girls Brigade|9,185|6,898|4,093|2,805|(1,500)|10,490|
||---------------|---------------|---------------|-----------|---------------|---------------|
||212,730|377,065|148,127|228,938|(246,420)|195,248|
||---------------|---------------|---------------|-----------|---------------|---------------|
|**Endowment Funds**|||||||
|General Invest. Fund|7,104|-|-|(305)|-|6,799|
|Deposit Invest. Fund|-|-|-|-|-|-|
||7,104|-|-|(305)|-|6,799|
|Total|2,675,525|641,506|454,525|186,676|-|2,862,201|
||========|========|========|========|========|========|



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_**WARINGSTOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church in Ireland ANNUAL FINANCIAL REPORT Continued**_ 


## **NOTES TO THE ACCOUNTS (cont’d)** 

## **For the year ending 31 December 2025** 

## **20. RELATED PARTY TRANSACTIONS** 

One of the trustees, the Minister of the congregation received remuneration of £47,019 and expenses of £7,388 for acting in that capacity. Pension contributions of £8,187 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 

£16,900 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 £1,413 towards Armagh Presbytery Assessments during the year. There were no other related party transactions. 

## **21. NEW BUILD - 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 prior financial year 

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