••ll Hamilton Road Congregation of the Presbyterian Church in Ireland Reports & Accounts Financial Year Ending 3111212025 Contents Legal & Administratrve Detsils Trustees Rewt Auditors Rèport statement of Financial Activiltes statement of Financial Position Slatement of Cash Flow8 Notes - Accounting Polictes Notes- Anatysls of Income & Expendliure Notss- Analysls of Net Assets Between Funds Notes - Oth8r Pap811 Legal & Admlnistrative Details Charity Name.. Hamilton Road CoTr3regation of the Presbyterian Church in Irek3nd Charity Number. NIC 105081 Charity Address: HamiltLn Road Ban9Y BT20 4LN Trustees: N M Anketell W N Bennett R P Campbell Rev C E Ebbinghaus J Ev88 S Hardy J Hatty WPH8ty C Killick R McK80wn (lemporarily released from March 2025) E l Millen S M ullan S A Nelson C Mcconaghy A S McDowell B R McDowell Page12 G Nesbttt L Robinson G W Rutherford J R Sheidon S Stevenson T Stevenson W S E Car$C￿ ) and the Charities Act {Northem Ireland) 2008. The fuiancial statements a￿ prepared Yi sterling. which is th8 fUr￿tional currency of the entity. The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market valu8. The financial statem8nts include all transactions, assets, and liabilitses for which the QOTvJregation is responsible in law. Thoy do not include Iho a¢counts of church groups that owe th￿r affilialb)n to arv)Iher body. nor tPK)se that aro infrxmal gatherirgs of church memb8rs. Going Concern The activitses of thg Gongregation are thpendent on orooing contritrArtlons from ils meM￿rs. The Trustees are of th8 opIn￿n that the corKJregation has sufficient resources at the dale of approval of these flnancial statements to meet commitments which will arise in the year from the date of siqning this report and subject to the continuing support from memtws trj fund on an ongoing basis Ihe corvJregal￿n'S cu￿ent aCtN￿o$ and other financial ccrtnmttments. Tha Trustses have assessed the current positlon and, considèrfng the cash reserves referred to bebw, ar8 conl8nt that Ihere are sufficient resources available to fund the aclvhles of the coryregati¢)n and related budgeled flnanclal commitments in the comlng year. Kéy Rlsks & Uncertaintles A review of major risks has been uthtaken by the Trustees and systems and procedures implementwj to manage identrfied risks. The principal risks, as well as financial k)ss. are in relation to the likelihood of reputallonal damage caused by financial fraud or error and the financial risks associaled with the expectation of ongcing financial support from members. These risks are mitlgaled by thè Trustees, and the Congregatimal arwj Finance Committees, regularfy monitoring the various aCtiv￿eS of the congregation at stated me8tings, by encouraging members in their regular gtving and, by revlewlng intemal contrc4s. Fund Accounting Restricted fuThls comprise revenue thnations or grants for a specific COngregat￿nal aclivlty intended by the donor. Unrestrlcted furKls are Incomg funds that are to be spent on the congrwJation's general purkx)ses. Designated funds are general funds sel aside by the congregats'on for use in th8 future. Incomlng Resources Page120 Recogniticm of incoming resources These are included in the Statement of Financial Aclivliles {SoFAI when: . the cOngregatic￿ becomes entitled to the resources: • the trustses are virtually certain they will receive the resources., and . the monetary value can be measured with wfficlent reliably. I￿ornIng resources with related expenditure Where incomirg resources have related expenditure (as with fundraising income) the incoming resources and lated expenditure are reported gross in the SOFA. Grants and thjnations Grants and ￿(￿alOn8 are only Included in the SOFA when the congregation has unconditM)nal entrf(lement to the resources. Tax reclaims on thnattons and grfts Irwming resources from roclaims are included in the SOFA at thè same lime as the grft to whlch they relate. Contractual income and pèrformance related grants This Is On￿ ir￿lUded in the SOFA once the related goods or services have been deliv8rgJ. GWts In klnd Gifts in kind are accounted for at a reasonable èstimate of their value to th8 charty or the amount reafised. Gwts in kind for sale or dls1rlbut￿n are included in the accounts as gifts only when sold or distributed by the charity. Grfts in kind for use by the charity are includ8d in the SOFA as incoming resources when receNable DC￿ated services aThJ facilrtres These are only Nicluded in incoming res(wrces (with an equIva￿l amount In resources expended) where th8 benef￿ to the charity is reasonably quantlfiable. measurable, and malerial. The value placed on these resourcès is the estimated value to th8 chaiity of the service or facility received. Volunteer help The valug of ary voluntary help received is not included in the accounts Ixjl is described in th8 truste8S' annu￿ reF¥yt. Investment income This is Included in the ￿CoUnts when receivable. Investment gains and losses This inClu￿S any g￿n or loss on the sale of investments and any gain or b)ss resu￿Ing from revduing Inv8Stm8nts to market vahJe al the end of the year. Resourc&s Expended Page121 Liability recognition abilitles are r6cognls8d as a5 there a *al or constructive Obl￿a￿On committing th8 CcmgregatiC￿ to pay out resources. Grants with performance Condit￿nS Where the charity gives a grant with condltions for its payment beirwJ a swrfic level of service or Outp￿ to be provided, such grants are onty reccwJnised in Ihe SOFA once the recipEnt of the grant has wovlded U specrfied seTviGe or output. Grants Payab￿ withoul p*rfomiance conditior These are only re¢ognised in the accounts when a commitmeni has been maj8 and th8re are no corkl￿On8 to be mat relating to the granl which remain in the contrd of the charity. SuppKYt costs SupFK)rt Costs include central functions and, where appropriate. have ￿en aifocated to aclivity cost categorl8S on a basis consist8nt with the use of resources. e.g., allctating propety costs by fkwr areas, or capita, staff costs by th8 time and other costs by thelr usage. Govornan¢e Costs These include the costs of preparation and examination of accounts, the Gosts of trustee meetings and the costs of any legal advice to trustees on govemance or constitutional matters. Liability Rècognltlon Liabilities aTe recwised as soon as IF￿e is a legal or constructNe ctllgation committing the charty to pay out reSoU￿e$. Tanglble Flxed Assèts Tangible fixed assets are capitalised rf they can be used for more Ihan one year, arKI cost at least £2,500. They are valued at cosl or. rf grfted. at the value on receipt. Deprectat*Jn is recorded on all tangible fixed assels other than freehold land, at rates calculated to write ¢)ff the cost, less eslimated resthal value, of each asset over its expected weful lrfe as folbws: Buildirys - over 50 yéars Sdar Panels - over 10 years Computers, software and techn￿al equipment Fixtures. fitting4 fumiture and othér 8quipment - over 5 years - OV8r 5 years - over 5 years Vthicles Pensions Page122 Pension Costs The penslon conlributKJns of £14.711 (2024 - £17,146) m&Je by the cory4r8ga￿n during the y8ar were brd(en down as follows: Pens￿ ¢ontributh￿S for Senior Minister £10,291 Pensh)n contributlons fcff olher employees £4,420 The Senior Minister of the Gongregation is a member of the Presbyterian Church in Ireland PenfAon Schème {20091. This is a schème operated by the Presbyterian Church in Ireland, a separate registered charity. The congregadon pays an assessment to the Presbyteriars Church in Ireland 8]uivalent to the empbyer's p8nsp)n contributron for the Scheme and based on the stipend paid to the minister. The Presbyterran Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined beneflt type, providing defined benefits based on career average revalued salary. The Scheme has assets held In a separalely admlntstered fuTrJ managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure Schem8 is sufficiently funded to meet current and fu(ure obligations. From 1 January 2025 th8 Pr8sby18rian ChurGh agreed to pay c¢￿tribUtiOnS of 17.50h {24Vo in 2024) of pensronable salaries to Gover the accrual of benefrts for future seiyic8, 8XP8nses. Ihe cost of inwring death in servicè benefits and fundlng the scheme deflcil. The ccfigregatK)n operates a d8fined pension contrfbuthjn policy for its rK)n-mlnisterial employees. The scheme and its assets are h81d by an independent scheme manager. The pension charge represents the employerfs contributbns due from the cororegation during the year. Op•ratlng Leas0$ Th8 charfty does not have any op8ratrng leases. Taxatlon The charity is exempt from tax on its charhable activitw. Judgements and Key Sou￿e5 of Estlmatlon The trustees do not consider that there are any matsrial sources of eslimallon or uncertainty at the balanc8 sheet date that could result in a material adjustment to the carying valuès of assets and liabilibes in the next rewrting period. Concessionary Loans The chartty does not hav8 any conGessM)nary loans P89e123 Notos - Analysis of Income & Expenditure Anatysls of Income Current Year U#r•strict•d Rgstrf¢t•d Total In¢r4r4Thg RwUr￿• Do￿kn￿n6 a￿,761 215.576 61S357 91.144 129.861 41977 130.*7 4.400 E¥*Dt Incom& 14 649 21.808 Iniw¢$l S,423 2.94e 8.*1 Re￿1￿ Ir￿Orn￿ Olb¢r In¢￿? 41.344 3.959 45.351 PrKJr Y UnresiiScted In¢0ml￿& RMDur&•* 3>),468 192.823 683.291 2W.Q01 84,164 42,273 126.437 Grani$ S.962 Event IA¢(me 3.788 20.58t 24.369 6.451 Rwal Inco other Oihw In¢￿¢ Y601 2.057 56.6# P￿8124 Addltlonal Incomo Notes Other income breakdown.. Solar panel income- £11.681 Rtsjm hire- £20,008 Donations for books & maganes - £2,151 Advertising Income - £2,61Q Funeral catering - £3,663 RestrScted funds subsoription income- £3,959 Other- £1,282 Page125 Anatysls of Expgndlturo Current Y Unrwlrl¢tsd R•*trleted Total CorwJregatKwi nJnn*o ¢cots 124,825 24.538 6,030 44.682 23.221 30B,D3S 329.258 AB8erntty 28,E66 (xr*e Ct41• 11.124 1.174 1Zk (xrw L¥pgrth S,462 1,470 1.470 Stbff rtheri•*t•d ¢ost6 270.834 270.634 FUTWJS 443 4é3 Govoinance Cosis Gwem8nc• Cd9t• 3,010 3.010 Prior Ye Wnr•4triÈt•d R491rfctsd Tot41 V￿d ConsYty*tK)n*l 1W5n 150,5 D¢proc￿￿ 37,8eo 49.118 10.850 ?QO.379 ,211,329 EvÉrt ¢4*1* Asi•rnbW A•s•sBrnfj 28,053 (xrthC￿ 14.305 14.305 63,692 83,$32 PMBbytory Fees Stbff Ol￿r rebi¢¢ cOYt5 1,420 249.666 249.686 417 Goveinan¢e Ctssts 28,277 24,437 G￿*m0￿C8 C(kst$ 2,75Q 2,750 Addlllonal Expondituro NotOS ExCeP￿D81 costs in 2024 included cost of fraL¥J Pagg126 Notes - Analysis of Net Assets Between Funds Current Year cur￿ MaotB 38T.728 614.789 Nortmli A8È•t• 27.7>7 1,fj$6.697 1.624.494 Cur￿1 U0￿1•￿ 1&821 43, 10Z.213 Nortutrnnl Lwtkns T(tsl NdA5S•t8wt*s MAlUS Liakniitresl 236.032 1.901.0 2 137 066 Uhr•4trlthd R•$trict•d Total cu￿Ont ￿81• 238.549 399.324 827.873 4.841 1.384,103 1.428,W4 CLvr•nt 19.149 10, T¢tal N¢1￿￿et8 IA5ts¢1a AllrwJ& 263.741. 1.762,919 2.026.860 Page127 Notes . Other 1. Genoral I￿orniatIOn The charity is a public benefit enuty and a registered charty in Northern Ireland and is unin¢orporated. The address of the principal office is Hamilton Road, Bangor. BT20 4LN. 2. Voluntoors The Gharity benefits greatty from the voluntary contributions of time and mcffley. Please refer to the trustees, report further detail about volunteer contribut￿rts in the organisation. 3. Audit Faes Fe8s payable to th9 auditors wer8.. £3000 (fee payaLle in the prior year: £2.750). Staff Costs The average number of empbyees, I￿1￿Ing rninisterial stsff. during the year was 11 {10 in 2024). There was one empbyea In receipt of employee benefits in excess of £60,00012024.' 1). total staff costs and 8mployee benefits for the reporting perlod are anatysed as follows.. 2025 2024 Salaries wages and ministerk91 allowances £232.533 £198,401 Employer National Insurance costs (after £10.5k empk)yment allowance) Employer Pension Contrlbutions Total £14,101 £14,220 £14,711 £261.345 £17.146 £229,767 5. Trusteo Remuneration During Ihe year one truslae recerved remuneration. Trustee Expenses During thè yèar no trustees irturred oUt-Of-￿k￿t expènses. Page | 28 7. Tanglblfr FIX￿ A$8ets lj Fi••hold Pv•p• 8014r Sovnd and Al•dl Equlprnont V•bld•* rotsl Co Prk¢i• 1$¢ J•tyMry 91116 1378.41Y 50.880 2,Y6,835 A&j￿￿O h)fkn*￿ 244,461 244,451 2.622.B55 S3.336 Decomb8r 2025 Plknrto 1?1 Jqrw ¢2,616 so,￿￿ 1.151.801 14.428 .D57 2.019 1.2OB.71. Nrt800l V¥l¥• A$ ￿ 3iW Do¢•rfyi 2025 4075 1.$03.697 &722 3.Oik) 1.824.494 AB 4131¥t Dec•mt 36.S)1 1.3BO.103 1.428.944 8. Debtors Accounts Re¢etvable DwGriplipn Curr•nt Y P¥lor Year GrftAd 14740 16.366 729 To 14.4n 1&126 Prepayments Owriptltsn Cvrv•nt Y•ar Prlor Y•ar InuurJnc• costg 3.91a rot 3.81B 9. Credltors Accounts PayabL9 DBKflpOon Cutrwk¢Y•w Prior Y￿￿ Accrugd AudA Fae 1750 ACC￿￿d cosi 01 dlnr 1.665 k¢ru•d th5knqm•rti 10.091 4,080 Pag8129 ACUl￿ El•¢trtoty bll 9,440 A¢¢n￿d G4B AccMdW•l•r bll 2.1 1.714 73. 1.995 PAYE & NI 2.441 boknc• 8.181 Trtal 102.213 30.157 10. Analysls of Charltablo Funds Current Ye Fund Name Openlng Balan In¢vrn Ezp•ndkn• Tr•n•f ¢￿91Th9 BdMce Ff•wIIII W•*ty Offsrkng Fund IUrrf•pltlEtqdl 2E3.741 647.577 463.4 -121,8 286,1)32 237 fJ.221 -16.016 lUnTe¥￿Cted> 476 6F4 UnrP$1￿¢led TIA 585.814 476.674 2)6,OJ 229.985 22.023 203.113 .201 243,fi94 IR•&tthl•dl Fk4¢d Agf•ts (R￿1r￿1 QtsJrtty DWRS Flnd UrbBn s￿t$ pci S￿#￿ FAmity DWR (Resitits￿dl 313 125 InteTs•rye Wehhs DWR* Fund IR01t￿¢t<￿I 2$ 25 Support IDWR} F￿ryd- IdgB¢y tund fftosirfctQdl .6.101 .181 MOMCA) Fu￿j (foTrnwty MOPS) {ReElrtCi4dl -263 y•n$ Felknwshlp F￿tyJ (Restrkledl CEF Ule Kercmet DWRS (Reslrktrfi 1.825 473 Japon Lknk B•lkn9gr Fam DWR$ Fur￿ IRe$lrt¢ied} OMF Cr4wJ Q)WB8 IR•slrict•dl PCI. M*it DWR8 Fwd IResthd*dl Slkl F•mity DWRS Fund 137 47S 512 ltyj Crwgknks H(<&èrF*mUy DWR• FuL¥I IRwtriGl￿) DWR* 773 ECM CY¢r F￿lty DWR* Furd IRHi¢i¢t•di Eem Ku￿rnOr F￿4 DWR8 IRwtr*ted) 375 1750 &918 En*myfjnl P￿r￿Mhip DWR8 Fund IRoitrkl&YI Parln•rs DWR& FL￿ 763 Jwh Lknk F￿11{ OWRS Fund IR051tt1Bdl 1QQ OMF Ewè C* DVfft6 (R*kirkio¢1 PCI- MiLWi- M¥tt DWR$ Fund (R•èttthdl SIM &rvlp Fwnlty DWR• Furyj (Stoslrtctéd) 2.225 TOTPL 11. Fund Transfers D¢sulWIv To Page | 33 lu¥lrnrt to bUk)r￿A BB fwwj ba￿9 io BB Bank bv*ncB s, 8rW• Fund FreewilW•*kiy Offerfw Fur 319 Trar￿f•r rf CRFh L*knncfy IDyn FlY•J￿$t Furpj (old F*yrlyfund}lo Prwty FIX￿ NsBBt5 Fund F*yrty F￿1 Tr8r*firto Govèr 202412025 heatll.'*hVcrrftW ¢mol Transfqr to am&i4amAie Kwharfunds - & CD Fund Iw) CEF Xortmw DWft8 Fund ECM K￿￿￿￿ F￿lty DWR* Fund Log•¢y L)WR lund balAn¢e to MSF Supwi (OWIRI F￿r￿. 18¥knD Fu 161 Trartlkr of b3knco Js mknLstry C￿J￿d F￿d (lonTredy kllP81 io cO￿r cwl$ FroBwII we￿ Ottwty Fund PW•ny 115.100 FT to ¢ovw 2025 H* ￿pa￿r rty fL￿d Fth•d >46•ts FL 171.38S Transfer ot bwxtst Incom• FL￿d SU￿J￿Y scho￿ aaguest Fund 3,618 Tran&f•rof r￿dY bwt Bgqiwi Incom• Fthd Beqwst Incom• Fund 88quESt In¢ome Fun4 M￿s1on Fund 3,61tr Tr4Mf•roT KqnW bequest Prop*y Fund Prowrty Fund TranÈ14rof PatIe￿On tequBst Trnnsftrof seed fundingf￿￿ SLpyI Funo Tt*Trsfèr ol as mI￿siry MBll'8 F•l(*wBNp Fynd Frnewll W8Bkty