an Ballydown Presbyterian Church a congregation of the Presbyterian Church in Ireland Trustees Annual Report and Financial Statements for the year ended 31 December 2024 Registered with the Charity Commlsslon for Northern Ireland NIC105146
an TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2024 including a Balance Sheet as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Ballydown Presbyterian Church a congregation of the Presbyterian Church in Ireland Castlewellan Road, Banbridge, Co. Down. Registered Charity in Northern Ireland (NIC105146) CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were Elmer Armstrong lan Montgomery John Campbell Andrew Adams Samuel Mills Liam Rutherford Dermot McElderry Alistair Copeland Samuel Martin James Martin William Porter Conrad Ferris Mark Moorhead PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev Liam Rutherford lan Montgomery James Ringrose INDEPENDENT EXAMINER S.M.Vint & Co.. 8 Newry Road, Banbridge. BT32 3HN. BANKERS Danske Bank, Newry Finance Centre, 58 Hlll Street, Newry* BT34 IAR. SOLICITORS Trevor McBurney & Co.. 11 Downshlre Place, Banbridge, Co. Down, BT32 3DF.
an TRUSTEES ANNUAL REPORT (cont'd) STRUCTURE AND MANAGEMENT The Klrk Sesslon The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's governing document, The Code, the book of the constitution and government of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Sessions has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the congregations. All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the ministers in active duty in the congregation, has no deliberative but only a casting vote. Stated meetings of the Kirk session are held monthly. To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote. Presbytery Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Ballydown Presbyterian Church has been assigned to the Iveagh Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregation5 assigned to it by the General
an TRUSTEES ANNUAL REPORT {conVd) Assernbly. minsters who have retired from active duty and an elder appointed by the Kirk Session of each congregation. The General A55embly The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as it5 supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its business. At the end of business it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired minsters and a representative elder appointed by the Kirk Session of each congregation. DESCRIPTION AND PURPOSE Ballydown Presbyterian Church 15 a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is grounded in the Scriptures, and exists to love and honour God through faith in His Son and by the power of His Spirit. and to enable her members to play their part in fulfilling God's mission to our world. The congregation's mission purpose is: 'Reflecting Christ. Reaching People. Renewing lives." -REFLEcfiNG CHRIST Our mission is to reflect Christ's desires and character. We want people to see Jesus 'the Light of the World,. We are His lights reflecting His loving and life-giving qualities. -REACHING PEOPLE Our mission is to moke disciples, as Jesus commanded. We want to find ways of making meaningful contacts with people in our community and to shore God's love with them. -RENEWING LIVES Our mission is to see God s Spirit take God's Word and transform lives. We WGnt to see lives renewed as testimony to the power of the Gospel.
an TRUSTEES ANNUAL REPORT (cont'd) ACTIVITIES AND OBJECTIVES The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is observed on six occasions during the year and all those who have been bapti5ed and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation has a wide range of organisations including: Creche, Sunday School and Bible Class Youth Club Girls, Brigade Boys, Brigade Youth Fellowship Presbyterian Women Small Groups ACHIEVEMENTS AND PERFORMANCE Worship and prayer The congregation meets for worship each Sunday at 10.30am at two locations, at Ballydown Presbyterian Church {151 Castlewellan Road, Banbridge) and The Bridge (72-78 Newry St, Banbridge) and once a month at 7.30pm at The Bridge. The Bridge was established in May 2024 as a church plant seeking to reach the unchurched in the town of Banbridge. During the week the Small Groups provide an opportunity for members to meet together for fellowship, to study the scriptures and to pray. During the year we acknowledged God's gift of new life at baptism, we conducted marriage service5 and funeral services. We also marked harvest and other key times in the Christian calendar including Christmas and Easter. At 31 December 2024 there were 313 communicant members and 232 families connected with the congregation. The average attendance at Sunday morning worship was around 350 per50n5 of all ages in Ballydown and another 50 or so at The Bridge. Children's ministries run during the services to meet the spiritual needs of children of all ages. Prayer Ministry is offered at the close of the service. We also serve tea and coffee after the service to allow for informal fellowship.
an TRUSTEES ANNUAL REPORT {conVd) Pastoral care Members of the congregation who are unable to attend church due to sickness or age are normally visited by the minister, elders or by one of the congregation's pastoral visitors. Mission and outreach At a local level the congregation seeks to share the gospel of Jesus Christ both formally and informally. This is achieved through our regular church services, online services, uniforrned and non-uniformed organisations and through the various clubs that we run as well as helping to support the local Food Bank and various charitable organisations such as the Blythswood Shoebox Appeal. The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church's training college for ministry students, and financially supports congregation in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and / or one of the elders. This provides an important link between the congregations and the wider structures of the church. General Assembly The minister and one of our elder5 were nominated to attended the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June. Property The church continues to maintain the property to a good standard Organlsations Small Groups: Nine small groups have met in the church premises and around our district on a weekly basis, averaging 16 people in each.
an TRUSTEES ANNUAL REPORT (cont'd) Youth Fellowship met on Sunday evenings and exists for teenagers to learn more about the gospel, worship together and enjoy various games and social activities and a weekend away. Average attendance 35. Youth Club meets on Friday evenings with an average of 30 teenagers attending and enjoying all sorts of activities including football, board games, pool, basketball, table tennis and various video games. Boys, Brigade in Ballydown is made up of three sections- Anchor Boys, Junior Section and Company Section. The Boys, Brigade sections have sought to fulfil their mission of "Extending Christ's Kingdom Among Boys" through their badge work. Bible Study and development of life-skills. Girls, Brigade is made up of five sections. The girls range in age from 4 to 16 years old 5UPPOrted by 16 leaders. Ballydown GB is affiliated to GBNI as 37fh GBNI Company. The GB rneets weekly on a Tuesday to fulfil their mission which is, To help girls to become followers of the Lord Jesus Christ, and through self-control, reverence and a sense of responsibility, to find true enrichment of life." Creche is split into three- Baby Creche (O to 12 monthsl, Junior Creche {1 to 2+ years) and Toddler Creche (2+ to 4 years) and runs during the Sunday Service. Worship has been led each Sunday by a team of musicians and praise leaders. The Puppets Ministry has presented Bible stories to children - presented mainly by our teenagers. They have featured on special occasions such as Easter, Children's Sunday, Christmas and the Organisations, Enrolment Service. Camera Club has met fortnightly and exists to educate its members about photography and taking better pictures. They have organised occasional field trips and created projects for Members to complete. Sewing Bees has about a dozen ladies meeting to complete craft projects. Presbyterian Women has met the needs of ladies of the congregation with an emphasis on both spiritual and practical activities. The PW prays for and supports overseas mission. The Carers, Group helps those who are caring for their family members wa5 able to resume meeting once a rnonth in the second half of year. Lift Group are small meetings of three to four people Meeting for prayer on an informal basis.
an TRUSTEES ANNUAL REPORT (cont'd) New men's and women's ministries have been established to help to maintain the personal links within our congregation and to encourage fellowship. Volunteers The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities.
an TRUSTEES ANNUAL REPORT {conYd) PUBLIC BENEFIT STATEMENT The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direct benefits which flow from the purpose5 of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church's subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved). Generally the above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits a5 a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland 15 in direct and indirect contact with, the community in which pastoral sepiices are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our en8agement with and support for both Christian and other secular organisations, charities and individual members of the public. The Kirk Session has had regard to the Charity Commissions public benefit requirement statutory guidance.
Presbyter an TRUSTEES ANNUAL REPORT {cont'd) FINANCIAL REVIEW The congregation's main source of incorne is members, contributions through the Weekly Freewill Offering. There were 173 contributors during the year donating a total of £151,121 Ipage 21) compared to 177 contributors donating £112,898 in previous year Total Income of the congregation during the year was £321,242 Ipage 14) compared to £270,447 in the previous year. Total expenditure increased from £266,758 to £304,254 {page14). RESPONSIBILITIES IN RESPEcf OF THE FINANCIAL STATEMENTS The Trustees are responsible for preparing the Annual Report and the financial statement5 in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the congregations and the financial activities for that year. In preparing the financial statements the Trustees are required to: select suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Funds will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable them to ensure that the financial statements comply with the Statement of Recommended Practice "Accounting and Reporting by Charities11 January 2015}". They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. 10
Presbyter an THE PRESBYfERIAN CHURCH IN IRELAND ANNUAL REPORT For the year ended 31 December 2024 GOING CONCERN The activities of the congregation are dependent on ongoing contributions from its members. The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report and subject to the continuing support from members to fund on an ongoing basis the congregation's current activities and other financial commitments. RESERVES POLICY The Trustees have considered the level of unrestricted reserrfes that it is appropriate to hold taking account of current and ongoing commitments. It is the policy of the Trustees to hold between three and six month's normal expenditure. At the year end unrestricted reserrfes were £110,071 (page 15) which represents a high level of reserves. The Trustees however, consider it prudent to hold reserves at this level as the funding of its present activities is dependent of the ongoing financial support of members. RISK REVIEW A review of major risks has been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from members. These risks are mitigated by the Trustees, and the Congregational Committee, regularly monitoring the various activities of the congregation at stated meetings and by encouraging members in their regular giving. th Approved by the Kirk Session at a meeting on 19 May 2025 and signed on its behalf by Rev Liam Rutherford Jame 8r05e Minister Tr surer 11
an QUALIFIED INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF BALLYDOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND I report on the accounts of the charity for the year ended 31st December 2024 which are set out on pages 14 to 32. This report is made solely to the charities Trustees, as a body, in accordance with section 65(3)(a) of the Charities Act Northern Ireland 2008 and regulations made under section 66 of that Act. My work has been undertaken so that I might state to the charities Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the Fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity and the charities Trustees a5 a body, for my work or this report. Respective responsibilities of Trustees and Examiner As the charitV5 trustees you are responsible for the preparation of the accounts in accordance with the Charities Act {Northern Ireland) 2008. You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination. It is my responsibility to: • examine the accounts under Section 65 of the Charities Act; • follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Act; and state whether particular matters have come to my attention. Basis of Independent Examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters. 12
an Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. I confirm that l am qualified to undertake the examination because l am a member of Chartered Accountants Ireland, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept as required by with section 63 of the 2008 Act; or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of the 2008 Act; or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Account5 and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of the independent examination. I confirm that there are no matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. 21st May 2025 B. Magennis FCCA FCA For and behalf of S.M. Wint & Co Chartered Certified Accountants & Registered Auditors 8 Newry Road Banbridge BT32 3HN 13
Presbyter an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2024 Incorne and Endowments from: Donations and legacies Charitable activities Other trading activities Investments Other 191322 5(NJO 860 104778 18103 296100 23103 860 io 1169 261005 7813 600 21 1008 io 1058 iii Total 197293 123949 321242 270447 Expendlture on: Raising funds Charitable activitie5 Other 273 166392 273 263 303981 266495 137589 Total 166665 137589 304254 266758 Net gains/(losses} on investments Net Income / (expenditure) Transfers between funds Gains/(losses) on revaluation of fixed assets 30628 {7469) 113640) 7469 16988 3689 Net movement in funds Reconciliation of funds: Total funds brought fonvard 23159 {61711 86912 1488453 16988 3689 1575365 1571676 Total funds carried forward 110071 1482282 1592353 1575365 14
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland BALANCE SHEET As at 31 December 2024 Flxed assets: Tangible assets Heritage assets Investments 12 1619088 1619088 1664696 13 Total fixed assets 1619088 1619088 1664696 Current assets Debtors 14 11149 19196 16265 Current Investments Cash at bank and in hand 15 108050 44752 152802 136560 Total current assets 116097 55901 171998 152825 Llabilities: Creditors: Amounts falling due within one year 16 16026) (36442) 142468) (50042) Net current assets or liabilities 110071 19459 129530 102783 Total assets less current Ilabilitie5 Creditors: Amounts falling due after more than one year Provisions for liabilities 17 1156265) 11562651 1192114) Total net assets or liabilities 110071 1482282 1592353 1575365 15
an BALLYDOWN PRESBYfERIAN CHURCH a Con8regation of The Presbyterian Church In Ireland BALANCE SHEEr As at 31 December 2024 Funds of the tharlty Endowment funds 18 Restricted income funds 18 1482282 1482282 1488453 Unrestricted funds 18 110071 86912 Revaluation reserve 18 Total charity funds IiWll 2282 1592353 1575365 Approved by the Kirk Session at a meeting on 19th May 2025 and signed on its behalf by Rev Liam Rutherford James R Mlnister Treas 16
an BALLYDOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE AcCourS 31 December 2024 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 l January 2015). The financial statement5 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 {al 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 fund5 have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestrirted 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. 17
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES {cont'd} INCOMING RESOURCES (l) 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 expendlture 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 donatlons Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. (iv) Tax reclaims on donations and glfts Incoming resources frorn 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 sericeS have been delivered. (vi) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. Ivll) Investment income This is included in the accounts when receivable. 18
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES {conVd) {viii) Investment gains and losse5 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 {ix) Llability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. (x) 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. (xi) 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. (xil) 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. 19
Presbyter an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES (cont'd) ASSETS {xill) 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 £1,000. 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 of the cost, less estimated residual value, of each asset over its expected useful life as follows Buildings: Fixtures, fittings and equipment - over 50 years - over 8 years (xlv) 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. 20
Presbyter an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 DONATIONSAND LEGACIES Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 151121 83488 9715 1208 1867 2870 28619 17212 234609 206546 10923 7782 4737 1080 45831 40597 5000 191322 104778 296100 261005 CHARITABLE AcfiviTIES Income from charitable activities Fees from weddings and funerals Membership fees Fundraising events Grants 6657 6070 5376 6657 6070 10376 4713 5000 3100 5000 18103 23103 7813 21
an BALLYDOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS Iconvd) 31 December 2024 4. OTHER TRADING ACTIVITIES Letting of premises Trading income 860 860 860 860 600 INVESTMENTS Deposit interest General Investment Fund Property Rents Other investment income 10 10 21 10 10 21 22
Presbyter an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER INCOME Insurance claims Other income 111 1058 1169 1008 111 1058 1169 1008 RAISING FUNDS FWO envelopes Fundraisin8 events 273 273 263 273 273 263 23
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 23549 23549 21958 866 866 846 81015 81015 69773 58142 101827 159969 131096 35762 35762 40002 2820 2820 2820 166392 137589 303981 266495 OTHER EXPENDITURE Investment properties expenses 24
Presbyter an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS Icont'd) 31 December 2024 10. EMPLOYEES Employment Costs Wages and Salaries Social Security Costs Pension contributions 73497 63946 7350 5684 9229 8773 90076 78403 Number of Ernployees The average nurnber of employees, including the minister of the congregation, during the year was No No Average number of employees There were no employees in receipt of employee benefits in excess of £60,000. 25
Presbyter an BALLYDOWN PRESBYfERIAN CHURCH a Congregatlon of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 11. PENSION COST5 The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme12009). 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 employerfs 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 9061 8773 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 168 26
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 12. TANGIBLE FIXED ASSETS Cost or valuation At start of year Additions Disposals 30000 1915809 59058 2004867 At end of year 30000 1915809 59058 2004867 Depreciatlon At start of year Provision for year Disposals 299296 40875 340171 38316 7292 45608 At end of year 337612 48167 385779 Net Book Value At start of year 30000 1616513 18183 1664696 At end of year 30000 1578197 10891 1619088 13. INVESTMENTS 2024 2023 General Investment Fund Investment Properties Presbyterian Mutual Society 27
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE AccourS Icont'd) 31 December 2024 13. INVESTMENTS (Cont'd) 2024 2023 Value at start of year Additions Disposals Impairment Gains / (Losses on revaluation} Value at end of year 28
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 14. DEBTORS 2024 13618 2023 11974 Gift Aid Recoverable Other debtors Prepayments 5578 4291 19196 16265 15. C4SH AT BANK AND IN HAND 2024 2023 Danske Bank Current account Danske Building account Danske Mission account Danske The Bridge account First Trust Deposit account Danske Bank Sunday School Organisation account5 88387 22693 14830 19663 263 938 6028 84740 19432 24002 258 1864 6264 152802 136560 29
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 16. CREDITORS: amount falling due wlthin one year 2024 2023 1311 898 5307 15432 35850 33712 Other creditors Accruals Danske Bank loan 42468 50042 17. CREDITORS: amount falling due after rnore than one year 2024 2023 156265 192114 Danske Bank loan 156265 192114 30
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE AccourS (cont'd) 31 December 2024 18. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at start Income Expend. Gains/ Losses Transfer Balance at end Unrestrlcted Funds General funds The Bridge Funds 86912 155142 42151 {1436451 123020) 11497 19131 172891 11801 91120 18951 86912 197293 (166665) 30628 174691 110071 Restricted Funds First Trust Deposit Building Mission Danske Bank Sunday School Organisations Danske Bank Loan Ac Property fund 258 25940 16067 1864 6265 1226637} 1664696 262 30781 17892 938 6029 (1927081 1619088 67946 36871 {232781 {352261 1926) (193641 (131871 145608) 44668 1645 19261 12361 1131871 {456081 139827> 180 19128 47116 1488453 123949 {137589) {136401 7469 1482282 Endowment Funds [Name of Fundl Total 1575365 321242 (304254) 16988 1592353 31
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterlan Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 19. RELATED PARTY TRANSACTION One of the Trustees, the minister of the congregation received remuneration of £42,680 and expenses of £7,036 for acting in that capacity. Pension contribution of £9,062 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 £14,487 for congregational assessrnents £10,891 towards the United Appeal etc. The congregation contributed £866 towards Presbytery Assessments during the year There were no other related party transaction5. 32