2025-12-31-accounts - Hillsborough Congregation of the Presbyterian Church in Ireland

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Hillsborough 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 NIC105135

HILLSBOROUGH PRESBYTERIAN CHURCH a congregation of the Presbyterian Church in Ireland

STATEMENT OF FINANCIAL ACTIVITY For the year ended 31 December 2025

Notes Income and Endowments from: Income and Endowments from: Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investments 5 Other 6 Total Expenditure on: Raising Funds 7 Charitable activities 8 Other 9 Total Net gains/(losses) on investments Net Income/ (expenditure) Transfers between funds 18 Gains/(losses on revaluation of fixed assets 13 Net movement in funds Reconcilation of funds: Total funds brought forward Total funds carried forward	Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2025 Total Funds 2024 £ £ £ £ £ 181,255 79,844 261,099 252,856 100 64,572 64,672 61,715 0 0 2,177 897 3,074 3,400 9 2,895 2,904 3,078
	183,541 148,208 0 331,749 321,049
	870 870 818 233,732 128,872 362,604 362,568 0 0
	234,602 128,872 0 363,474 363,386
	0 0
	-51,061 19,336 0 -31,725 -42,337 21,200 -21,200 0 0 0 -1,938 -1,022 -1,481 -4,441 11,059
	-31,799 -2,886 -1,481 -36,166 -31,278 1,577,359 147,595 34,460 1,759,414 1,790,692
	1,545,560 144,709 32,979 1,723,248 1,759,414

HILLSBOROUGH PRESBYTERIAN CHURCH

a congregation of the Presbyterian Church in Ireland

BALANCE SHEET As at 31 December 2025

Notes Fixed assets Tangible assets 12 Investments 13 Total fixed assets Current assets Debtors 14 Current Investments Cash at bank and in hand 15 Total current assets Liabilities Creditors: Amounts falling due within one year 16 Net Current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 17 Provisions for liabilities Total net assets or liabilities Funds of the charity Endowment funds 18 Restricted income funds 18 Unrestricted funds 18 Revaluation reserve Total charity funds	Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2025 Total Funds 2024 £ £ £ £ £ 1,347,196 0 0 1,347,196 1,377,632 101,874 39,537 32,979 174,390 178,831
	1,449,070 39,537 32,979 1,521,586 1,556.463
	9,116 8,695 0 17,811 16,089 0 0 0 0 0 94,323 111,152 0 205,475 211,316
	103,439 119,847 0 223,286 227,405
	6,949 14,675 0 21,624 24,455
	96,490 105,172 0 201,662 202,951
	0 0 0 0 0 0 0 0 0 0
	1,545,560 144,709 32,979 1,723,248 1,759,414
	0 0 32,979 32,979 34,460 0 144,709 0 144,709 147,595 1,545,560 0 0 1,545,560 1,577,359 0 0 0 0 0
	1,545,560 144,709 32,979 1,723,248 1,759,414

Approved by the Kirk Session and signed on its behalf by :

19[th] May 2026

Rev Dr Allen Sleith

Joyce McKee

HILLSBOROUGH PRESBYTERIAN CHURCH

a congregation of the Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS

31 December 2025

1. ACCOUNTING POLICIES

BASIS OF FINANCIAL STATEMENTS

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 1 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.

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 with sufficient 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 actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. 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.

(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 .

ASSETS

(xv) Tangible Fixed Assets

Tangible fixed assets for use by 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 - over 10 years Motor Vehicles - over 4 years Computers, software and technical equipment - over 4 years

(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.

HILLSBOROUGH PRESBYTERIAN CHURCH

a congregation of the Presbyterian Church in Ireland

Notes to Accounts 31 December 2025

2. Donations and Legacies

	Unrestricted	Restricted	Endowment
	Funds	Funds	Funds	2025	2024
	£	£	£	£	£
Recorded giving	136,334	59,611		195,945	185,732
Loose	3,532	1,932		5,464	6,263
Donations and gifts	13,353	4,989		18,342	17,210
Gift Aid	28,036	13,312		41,348	43,651
Legacies and bequest
	181,255	79,844	0	261,099	252,856
haritable Activities
	Unrestricted	Restricted	Endowment
	Funds	Funds	Funds	2025	2024
	£	£	£	£	£
Income from charitable activities		41,323		41,323	35,827
Fees from weddings and funerals	100			100	175
Membership fees		7,427		7,427	7,443
Fundraising events		7,672		7,672	8,122
Grants		8,150		8,150	10,148
	100	64,572	0	64,672	61,715
ther Trading Activities
	Unrestricted	Restricted	Endowment
	Funds	Funds	Funds	2025	2024
	£	£	£	£	£
Letting of premises	0	0	0	0	0
Trading income	0	0	0	0	0
	0	0	0	0	0

3. Charitable Activities

4. Other Trading Activities

5. Investments

Deposit Interest General Investment Fund Property Rents Other investment income	Unrestricted Funds Restricted Funds Endowment Funds 2025 2024 £ £ £ £ £ 1,858 125 1,983 2,341 319 772 1,091 1,059 0 0 0 0
	2,177 897 0 3,074 3,400

Notes to Accounts 31 December 2025

6. Other Income

tes to Accounts December 2025 Other Income
Insurance Claims Other Income Raising Funds FWO envelopes Fundraising events Charitable Activities General Assembly Assessments Presbytery Fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs	Unrestricted Funds Restricted Funds Endowment Funds 2025 2024 £ £ £ £ £ 0 9 2,895 2,904 3,078
	9 2,895 0 2,904 3,078
	Unrestricted Funds Restricted Funds Endowment Funds 2025 2024 £ £ £ £ £ 870 870 818 0
	870 0 0 870 818
	Unrestricted Funds Restricted Funds Endowment Funds 2025 2024 £ £ £ £ £ 24,503 24,503 28,188 1,709 1,709 1,548 127,933 32,123 160,056 149,463 74,251 53,479 127,730 134,440 875 42,918 43,793 43,747 4,461 352 4,813 5,182
	233,732 128,872 0 362,604 362,568

7. Raising Funds

8. Charitable Activities

9. Other Expenditure

Investment Property expenses

Unrestricted	Restricted		Endowment
Funds	Funds		Funds	2025		2024
£	£		£	£		£
0		0	0		0		0
0		0	0		0		0

Notes to Accounts 31 December 2025 10. Employees Employment Costs Wages and Salaries Social Security Costs Pension contributions Number of employees	2025 2024 £ £ 131,219 124,741 15,632 12,220 11,894 15,159
	158,745 152,120

Number of employees	Number of employees
The average number of employees, including the minister of the congregation, during the
year was:
	2025	2024
Average number of employees	6		6

There were no employees who received emoluments (excluding pension costs) exceeding £60,000.

11. 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%(17.5% 2025) 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:

The contributions made by the congregation during the year were:	2025	2024
	£	£
Contributions	9,013	11,943

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:

	2025	2024
	£	£
Contributions	2,881	3,216

Notes to Accounts 31 December 2025

12. TANGIBLE FIXED ASSETS Cost or Valuation At start of year Additions Disposals At end of year Depreciation At start of year Provision for year Disposals At end of year Net Book Value At start of year At end of year	Land & Buildings Fixtures & Fittings Vehicles Total 2025 £ £ £ £ 1,833,850 20,130 0 1,853,980 0 11,000 0 11,000 0 -10,630 0 -10,630
	1,833,850 20,500 0 1,854,350
	460,131 16,217 0 476,348 36,673 4,763 0 41,436 0 -10,630 0 -10,630
	496,804 10,350 0 507,154
	1,373,719 3,913 0 1,377,632
	1,337,046 10,150 0 1,347,196

13. Investments Value at start of year Additions Disposals Gains / (Losses) on revaluation Value at end of year	Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2025 Total Funds 2024 £ £ £ £ £ 103,812 40,559 34,460 178,831 167,772 0 0 0 0 0 0 0 0 0 0 -1,938 -1,022 -1,481 -4,441 11,059
	101,874 39,537 32,979 174,390 178,831

Notes to Accounts 31 December 2025

14. Debtors

Debtors
Gift Aid Recoverable Accounts Recoverable	Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2025 Total Funds 2024 £ £ £ £ £ 4,496 4,140 0 8,636 9,972 4,620 4,555 0 9,175 6,117
	9,116 8,695 0 17,811 16,089

15. Cash at Bank

Cash at Bank
Danske Bank Santander Cash in Hand	Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2025 Total Funds 2024 £ £ £ £ £ 94,323 111,152 0 205,475 211,049 0 0 0 0 267 0 0 0 0 0
	94,323 111,152 0 205,475 211,316

16. Creditors: Amount falling due within one year

Accruals Interest Free Loan Other	Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2025 Total Funds 2024 £ £ £ £ £ 6,949 14,675 0 21,624 24,455 0 0 0 0 0 0 0 0 0 0
	6,949 14,675 0 21,624 24,455

17. Creditors: amount falling due after more than one year

Unrestricted	Restricted		Endowment	Total Funds	Total Funds
Funds	Funds		Funds	2025	2024
£	£		£	£	£
0		0	0	0	0
0		0	0	0	0

Notes to Accounts 31 December 2025

18. Fund balances and reconciliation of funds

Unrestricted Funds General Fund Capital Reserve Capital Reserve GIF Reserve Fund Restricted Funds Helping Hands HPC Fundraising Catering Manse Reserve Fund Property Fund Youth Development Fund Ukraine Fund United Appeal Fund World Development Appeal Sunday School Fund Summer Scheme Fund Organisations TW Welsh Memorial Organ Fund Young Adults Group GIF Young Adults Group Evergreens Parent & Toddler Host Choir Choir Robes Presbyterian Men Girls' Brigade Boys' Brigade Presbyterian Women Indoor Bowling Badminton Club Bowl ‘n’ Bap Youth Account	Balance at 01 Jan 2025 Income Expenditure Gains / Losses Transfer Balance at 31 Dec 2025 £ £ £ £ £ £ 1,415,682 183,541 -234,602 0 14,200 1,378,821 22,865 0 0 0 7,000 22,865 103,812 0 0 -1,938 0 101,874 35,000 0 0 0 0 35,000
	1,577,359 183,541 -234,602 -,1,938 21,200 1,545,560
	246 -42 -50 154 22,858 22,913 -7,956 -8,837 28,978 0 8,660 -3,497 -5,163 0 17,823 -339 17,484 15,270 21,325 -20,258 -4,600 11,737 20,151 24,461 -32,123 12,489 3,300 1,882 -2,569 2,613 0 15,938 -15,938 0 0 11,190 -11,190 0 191 109 -261 39 1,715 1,505 -1,187 2,033 0 4,234 -4234 0 6,250 6,250 10,873 -467 10,406 11,864 -216 11,648 6 6 872 339 -540 671 1,063 619 -150 1,532 341 83 -108 316 81 -67 14 255 255 38 1,541 -1,150 -250 179 10,674 9,914 -6,684 1,310 15,214 15,684 7,563 -11,608 1,248 12,887 2,244 2,616 -2,943 1,027 2,944 815 616 -539 -250 642 703 675 -110 -500 768 0 3,690 -3,240 -450 0 4,278 8,334 -6,862 -300 5,450
	147,595 148,207 -128,872 -1,022 -21,200 144,709

Notes to Accounts 31 December 2025

18. Fund balances and reconciliation of funds (cont)

Endowment Funds Henry Bell 1 George Bell John Lappin Philpot and Archer Miss Patterson Miss Bell J Sterritt Miss EJ Brown Henry Bell 2 James D Dorman Miss M Gardner Miss M Wilkinson Henry Bell 3 Andrew Lillie Main Street House Rev JH Orr Mrs EF Orr Emily M Smyth Miss Mary Starrett Miss Sadie Baxter Thomas G Tate Mrs M Ball Isaac Mahood Edith Irvine Memorial Beq Total Funds	Balance at 01 Jan 2025 Income Expenditure Gains / Losses Transfer Balance at 31 Dec 2025 £ £ £ £ £ £ 1,103 0 0 -48 0 1,055 1,758 0 0 -76 0 1,682 2,666 0 0 -115 0 2,551 405 0 0 -17 0 388 237 0 0 -10 0 227 893 0 0 -38 0 855 1,117 0 0 -48 0 1,069 419 0 0 -18 0 401 1,731 0 0 -74 0 1,657 1,172 0 0 -50 0 1.122 363 0 0 -16 0 347 2,066 0 0 -89 0 1,977 1,103 0 0 -47 0 1,056 223 0 0 -10 0 213 558 0 0 -24 0 534 251 0 0 -11 0 240 167 0 0 -7 0 160 4,313 0 0 -185 0 4,128 935 0 0 -40 0 895 419 0 0 -18 0 401 2,512 0 0 -108 0 2,404 907 0 0 -39 0 868 558 0 0 -24 0 534 8,584 0 0 -369 0 8,215
	34,460 0 0 -1,481 0 32,979

	1,759,414 331,748 -363,474 -4,441 0 1,723,248

19. Related Party Transactions

One of the Trustees, the minister of the congregation received remuneration of £51,505 and expenses of £7,903 for acting in that capacity. Pension contribution of £9,013 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). None of the other trustees received any remuneration.

During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity:

£24,503 for Congregational Assessments

£15,938 towards the United Appeal

£11,190 towards the World Development Appeal

£750 towards Global Mission

The congregation contributed £1,709 towards Presbytery Assessments during the year.

There were no other related party transactions.