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.
HER￿AGE 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 pRE5B￿ERlAN 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