an FIRST DONAGHADEE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2025 Note Unrestricted Restricted Funds Funds Total 2025 Total 2024 Receipts Donations & legacies Charitable activities Other trading activities Investment Income 57,812 66,954 124.766 73,991 4,879 4.879 1,996 9,902 13,426 23.328 22,305 17,767 823 18.590 17,184 Total Receipts 90,360 81,203 171,563 115,941 Payments Raising funds Charitable activities 435 435 540 75,284 31,392 106,676 115,958 Investment costs 50,005 50,005 Total payments 75,719 81,397 157,116 116,498 Net receipts Transfers between funds 14.641 -194 14.447 -557 -2.740 2,740 Surplus for the year Funds brought forward 11,901 2,546 14,447 -557 59,760 43,080 103.440 103.997 Funds carried forward 71.661 46,226 117.887 103.440
an FIRST DONAGHADEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Year ended 31 December 2025 Note Unrestricted Fund Restricted Total Funds Total Funds Funds 20Z5 2024 Funds Reconclliation Cash at bank and in hand 31.12.24 Surplus I Ideficitl for the year 59,760 11,901 43,680 2,546 103.440 14,447 105997 -557 Cash at bank and in hand 31.12.25 71,661 46.226 117,887 103,440 Bank & Cash Balances Bank Current Accounts 103,440 103,440 OtherAssets Investments at cost 469,561 419,556 The congregation own5 the Church premises situated at 20 High Street. Donaghadee and the manse at 5 Meeting House Poini, Donaghadee and the a5so£iated fixtures, fittings, plant and machinery. These have an insurance value of £3,456,605. The valuation of investments at 31 December 2025 was £472,144. Approved by the Kirk Session at a meeting on 18, March 2026 and signed on its behalf by.. Stephen Donaldson Trustee Ivan Currie Trustee io
an FIRST DONAGHADEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Year ended 31 December 2025 ACCOUNTING POLICIES The financial statements have been prepared in accordance with applicable accounting standards, Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act (Northern Irelandl 2008, Charities Act (Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and UK Generally Accepted Accounting Practice. The financial statements have been prepared on a going concern basis as tho trustees bolieve that no material uncertainties exist. The trustees have considered the level of fund5 held and the expected level of income and expenditure for 12 months from authori5ing these financial statements. The budgeted income nd expenditure is sufficient with the level of resources for the charity to be able to continue as a going concern. The charity has applied Update Bulletin l 35 published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FR5 102 Section IA. 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 lal income from endowments which is to be expended only on the restricted purpose5 intended by the donor and Ibl revenue donations or grants for a specific congregational activity intended by the donor. Where these fund5 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. INCOME Plate Collections and weekly envelopes are accounted for on a cash receipts basis as the amount is collected. 12
an FIRST DONAGHADEE CONGREGATION OF THE PRE5BYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Year ended 31 December 2025 Legacies are included within income under either unrestricted or restiicted funds according to the terms under which the donation is made. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. Investment income is earned through holding assets for investment purposes such as shares, unit trusts and property. It includes dividends, interest and rent. Where it Is not practicable to identify investment management COSt5 incurred within è scheme with reasonable 3ccur3cy the investment income is reported net of these costs. Interest and dividends together with any reclaimable tax credits are included in the accountsas received. Rent is included in the accounts when it is receivable. EXPENDITURE All expenditure is actounted for on an accruals basis and has been classified under headings that aggresate all costs related to the category. Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured feliably. HERAGE ASSErs The congregation owns the Church premises situated at 20 High Street, Donaghadee. This building is deemed to be a heritage asset as defined by the Charities SORP 2019 (FR5 1021. The heritage asset is not included on the balance sheet as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the account5 and to the Church. DONATIONS AND LEGACIES Unrestricted Funds Restrlcted Funds Total 2025 Total 2024 Recorded giving.. Donations and gifts 51,692 10,224 61.913 65,507 Gift Aid 6,120 1,550 7.670 7,484 57,812 11.774 69.586 73,991 13
an FIRST DONAGHADEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Year ended 31 December 2025 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2025 Total 2024 Fundraising events 4,879 4,879 1,996 OTHER TRADING AcfiviTIES Unrestricted Funds Restrirted Funds Totsl 2025 Total 2024 Lettin8 of premises 9,902 13,426 23,328 22,770 INVESTMENT SNCOME Unrestricted Funds Restricted Funds Total 2025 Total 2024 Deposit interest Other investment income 125 17,642 823 948 17.642 858 16,326 17.767 823 18.590 17,184 RAISING FUNDS Unrestricted Funds Restricted Funds Total 2025 Total 2024 FWO envelopes 435 435 540 14
an FIRST DONAGHADEE CONGREGATION OF THE pRE5BERlAN CHURCH IN IRELAND NOTE5 TO THE ACCOUNTS Icont'd) Year ended 31 December 2025 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2025 Total 2024 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Investment 39,563 540 12,3(M) 22,881 39,563 540 12.300 37,581 16,692 41,048 521 15,105 49,729 9,555 14,71XJ 16,692 75,284 31,392 106.676 115,958 15