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

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Second Presbyterian Church Comber Statement of Financial Activities For The Year Ended 31 December 2025

Unrestricted funds £ 225,501 - 3,757 4,592	Restricted funds £ 67,539 126,928 113 -	Endowment funds £ 10,000 - 250 -	2025 Total funds £ 303,040 126,928 4,120 4,592	2024 Total funds £ 289,290 54,309 4,088 27
233,850	194,580	10,250	438,680	347,714
(224,671)	(126,850)	-	(351,521)	(330,500)
9,180 12,012	67,729 -	10,250 -	87,159 12,012	17,214 1,448
21,192 57,860	67,729 (47,610)	10,250 (10,250)	99,171 -	18,662 -
79,052 273,248	20,119 62,400	- 8,500	99,171 344,148	18,662 325,486
352,300	82,519	8,500	443,319	344,148

The notes on pages 12 to 20 form part of these financial statements.

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Second Presbyterian Church Comber Comparative Statement of Financial Activities For The Year Ended 31 December 2025

Unrestricted funds £ 201,342 - 3,838 27	Restricted funds £ 87,948 54,309 - -	Endowment funds £ - - 250 -	2024 Total funds £ 289,290 54,309 4,088 27
205,207	142,257	250	347,714
(222,096)	(108,404)	-	(330,500)
(16,889) 1,448	33,853 -	250 -	17,214 1,448
(15,441) 37,501	33,853 (37,251)	250 (250)	18,662 -
22,060 251,188	(3,398) 65,798	- 8,500	18,662 325,486
273,248	62,400	8,500	344,148

The notes on pages 12 to 20 form part of these financial statements.

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Second Presbyterian Church Comber Statement of Financial Position As At 31 December 2025

Unrestricted funds £ 155,528 131,954	Restricted funds £ - -	Endowment funds £ - 8,500	2025 Total funds £ 155,528 140,454	2024 Total funds £ 167,895 127,942
287,482 51,902 37,726	- - 82,519	8,500 - -	295,982 51,902 120,245	295,837 19,579 117,078
89,628 (16,789)	82,519 -	- -	172,147 (16,789)	136,657 (17,358)
72,839	82,519	-	155,358	119,299
360,321	82,519	8,500	451,340	415,136
(8,021)	-	-	(8,021)	(70,988)
352,300	82,519	8,500	443,319	344,148
			8,500 82,519 352,300	8,500 62,400 273,248
			443,319	344,148

On behalf of the board

Mary McIlveen

Trustee Date

22 Jun 2026

The notes on pages 12 to 20 form part of these financial statements.

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Second Presbyterian Church Comber Notes to the Financial Statements For The Year Ended 31 December 2025

1. General Information

Second Presbyterian Church Comber is an unincorporated charity registered with the Charity Commission for Northern Ireland, registered charity number 105165. The principal address is 5 Killinchy Street, Comber, BT23 5AP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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 (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.

The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are presented in sterling which is the functional currency of the Charity and rounded to the nearest £.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2.3. Fund Accounting

Unrestricted funds are available for use at the discretion of the Trustees. In furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are which are to be used in accordance with specific restrictions imposed by the donors of which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes of the financial statements.

Endowment funds represent those assets which must be held permanently by the charity, principally the D Edgar, M Smyth and P Ritchie endowment funds. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund, investment management charges and legal advices relating to the fund are charged against the fund.

2.4. Incoming Resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this required a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

No amount is included in the financial statements for volunteer time in line with the SORP. Further details is given in the Trustees' Report.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

...CONTINUED

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Second Presbyterian Church Comber Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

2.4. Incoming Resources - continued

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. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy, the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity's right to receive payment is established.

Other income includes the conversion of endowment funds into income with arises when capital funds are released to an income fund from expendable endowments or when a charity has authority to adopt a total return approach to its permanent endowment fund.

2.5. Resources Expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties. It is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under Expenditure on Charitable Activities which includes:

General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Wages and salaries Donations to Missions and Charities Governance costs Repairs and maintenance account expenses Organisation account expenses

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold 6.67% Straight line

2.7. Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in "net gains/(losses) on investments" in SOFA if the shares are publicly traded or their fair value can otherwise be measured reliably.

2.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.9. Financial Instruments

The congregation has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all its financial instruments. Financial instruments are recognised in the congregation's balance sheet when the congregation becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

...CONTINUED

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Second Presbyterian Church Comber Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

2.9. Financial Instruments - continued

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method.

2.10. Taxation

The charity is exempt from tax as all its income is charitable and applied for charitable purposes.

2.11. Employee Benefits

When employees have rendered services to the charity, short-term employee benefits to which the employees are entitled are recognised at an undiscounted amount expected to be paid in exchange for those services.

The charity operates a pension plan for the benefit of its employees. Contributions are expensed as they become payable.

3. Income from Donations and Legacies

				2025	2024
	Unrestricted	Restricted	Endowment	Total	Total
	funds	funds	funds	funds	funds
	£	£	£	£	£
Donations and gifts	225,501	67,539	10,000	303,040	289,290

4. Income from Charitable Activities

Charitable Activities 5. Investment Income	2025 Restricted funds £ 126,928	2024 Total funds £ 54,309

Bank interest receivable Interest from investments	Unrestricted funds £ - 3,757	Restricted funds £ 113 -	Endowment funds £ - 250	2025 Total funds £ 113 4,007	2024 Total funds £ 204 3,884
	3,757	113	250	4,120	4,088

6. Other Income

Other income

2025	2024
Unrestricted	Total funds
funds
£	£
4,592	27

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Second Presbyterian Church Comber Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

7. Analysis of Expenditure

Presbytery Fees Congregational Running Expenses Donations to Missions and Charities Wages and Salaries Repairs and Maintenance Expenses Organisational Expenses Depreciation Interest Governance Costs	Activities undertaken directly £ 1,173 90,578 30,436 109,917 17,871 75,468 12,367 5,265 -	Support costs £ - - - - - - - 356 8,090	2025 Total £ 1,173 90,578 30,436 109,917 17,871 75,468 12,367 5,621 8,090
	343,075	8,446	351,521

General Assembly Assessments Presbytery Fees Congregational Running Expenses Donations to Missions and Charities Presentations Wages and Salaries Repairs and Maintenance Expenses Organisational Expenses Depreciation Interest Governance Costs 8. Staff Costs Staff costs were as follows: Wages and salaries	Activities undertaken directly £ 14,000 1,117 77,930 40,018 400 105,961 26,053 41,149 12,367 7,875 -	Support costs £ - - - - - - - - - - 3,630	2024 Total £ 14,000 1,117 77,930 40,018 400 105,961 26,053 41,149 12,367 7,875 3,630
	326,870	3,630	330,500
		2025 £ 109,917	2024 £ 105,961

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

9. Average Number of Employees

Average number of employees during the year was: 3 (2024: 3)

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Second Presbyterian Church Comber Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

10. Tangible Assets

Cost As at 1 January 2025 As at 31 December 2025 Depreciation As at 1 January 2025 Provided during the period As at 31 December 2025 Net Book Value As at 31 December 2025 As at 1 January 2025 11. Investments Cost or Valuation As at 1 January 2025 Revaluations As at 31 December 2025 Provision As at 1 January 2025 As at 31 December 2025 Net Book Value As at 31 December 2025 As at 1 January 2025 12. Debtors 2025 £ Due within one year Other debtors 51,902	Land & Property Leasehold £ 185,415
	185,415
	17,520 12,367
	29,887
	155,528
	167,895
	Listed £ 127,942 12,512
	140,454
	-
	-
	140,454
	127,942
	2024 £ 19,579

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Second Presbyterian Church Comber Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

13. Creditors: Amounts Falling Due Within One Year

Bank loans and overdrafts Taxation and social security Accruals and deferred income 14. Creditors: Amounts Falling Due After More Than One Year Bank loans 15. Loans An analysis of the maturity of loans is given below: Amounts falling due within one year or on demand: Bank loans Amounts falling due between one and five years: Bank loans 16. Movement in Funds As at 1 January 2025 Income £ £ Unrestricted funds General: General unrestricted fund 149,968 233,850 Designated: Investments 123,280 - Total unrestricted funds 273,248 233,850 Restricted funds Renovation Fund 2,689 23,334 Manse Fund 1,079 44,218 United Appeal - 17,340 Christian Aid - 1,808 Presbyterian Children's Society - 3,439 World Development Appeal - 1,188 Warm Space 280 1,000 UDR Benevolent Fund - 735	Bank loans and overdrafts Taxation and social security Accruals and deferred income 14. Creditors: Amounts Falling Due After More Than One Year Bank loans 15. Loans An analysis of the maturity of loans is given below: Amounts falling due within one year or on demand: Bank loans Amounts falling due between one and five years: Bank loans 16. Movement in Funds As at 1 January 2025 Income £ £ Unrestricted funds General: General unrestricted fund 149,968 233,850 Designated: Investments 123,280 - Total unrestricted funds 273,248 233,850 Restricted funds Renovation Fund 2,689 23,334 Manse Fund 1,079 44,218 United Appeal - 17,340 Christian Aid - 1,808 Presbyterian Children's Society - 3,439 World Development Appeal - 1,188 Warm Space 280 1,000 UDR Benevolent Fund - 735	Expenditure £ (224,670) 12,012	2025 £ 9,015 389 7,385 16,789 2025 £ 8,021 2025 £ 9,015 2025 £ 8,021 Transfers £ 57,360 500




273,248	233,850	(212,658)	57,860
2,689 1,079 - - - - 280 -	23,334 44,218 17,340 1,808 3,439 1,188 1,000 735	(15,305) (5,288) (20,160) (2,808) (3,439) (1,064) (190) (116)	(1) (36,210) 2,820 1,000 - - (600) -

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Second Presbyterian Church Comber Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

1,574 563 753 2,410 651 75 840 5,906 56 7,496 6,036 13,621 169 55 7 9,968 2,370 924 3,000 1,878 - - - -	4,865 711 438 7,807 853 - 37 2,000 2,500 4,449 5,253 11,124 - - - 7,440 1,936 345 - 50,553 54 1,096 38 19	(4,661) (588) (450) (4,613) (1,254) (1,444) - - (600) (3,679) (4,965) (11,308) - - (7) (1,158) (1,835) - - (40,712) (54) (1,096) (38) (19)	(700) (200) (100) - (200) 1,444 (877) (6,250) (1,950) (298) 3,298 1,112 (169) (55) - (14,000) (200) - (3,000) 7,526 - - - -
62,400	194,580	(126,851)	(47,610)
1,500 5,000 2,000 -	40 150 60 10,000	- - - -	(40) (150) (60) (10,000)
8,500	10,250	-	(10,250)

344,148	438,680	(339,509)	-
As at 1 January 2024 £ 133,194	Income £ 201,369	Expenditure £ (222,096)	Transfers £ 37,501

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Second Presbyterian Church Comber Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

117,994	3,838	1,448	-	123,280
251,188	205,207	(220,648)	37,501	273,248
6,091 - - - - - - - 1,621 712 749 443 969 75 840 2,406 1,143 7,149 3,149 12,222 169 129 7 9,620 172 542 290 17,300 -	21,351 36,235 19,266 2,286 3,490 1,026 500 619 4,490 808 204 7,688 616 - - 4,000 1,810 3,729 6,245 12,969 - 847 - 6,450 - 3,401 607 - 3,620	(24,753) (8,799) (20,403) (2,286) (1,026) (3,490) (220) (619) (4,137) (757) - (5,171) (532) - - (2,500) (597) (2,810) (3,627) (20,672) - (171) - (1,102) (172) (1,573) (987) - (2,000)	- (26,357) 1,137 - - - - - (400) (200) (200) (550) (402) - - 2,000 (2,300) (572) 269 9,102 - (750) - (5,000) - - 1,014 (14,300) 258	2,689 1,079 - - 2,464 (2,464) 280 - 1,574 563 753 2,410 651 75 840 5,906 56 7,496 6,036 13,621 169 55 7 9,968 - 2,370 924 3,000 1,878
65,798	142,257	(108,404)	(37,251)	62,400
1,500 5,000 2,000	40 150 60	- - -	(40) (150) (60)	1,500 5,000 2,000
8,500	250	-	(250)	8,500

325,486	347,714	(329,052)	-	344,148

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Second Presbyterian Church Comber Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

Restricted funds of the congregation include restricted organisational funds held by the following organisations:Tots & Co, Monday Night Bowls, Table Tennis Club, Drama Club, Bible Study, Shine, Youth Club, World Development Group, Saturday Night Bowls, GB Explorers, GB, BB, Coffee Bar, Youth Council, Catering Corps, Special Sunday School and Presbyterian Women.

The monies received in relation to these organisations is restricted as the funds may only be spent only on activities of the organisation.

Restricted congregational property funds include those held in the Renovation Fund and the Manse Fund. The monies received into these funds are restricted by the condition that they must be spent on repairs, maintenance, renovation of the congregational property and payment of the bank loan.

Donors to the funds expect this condition to be satisfied.

Restricted congregational missions and charities funds include the following: United Appeal, Christian Aid, Presbyterian Children's Society, World Development Appeal, Sunday School Project, UDR Benevolent Fund, and Warm Space.

Monies received into these funds are restricted by the condition that donors expect the funds to be spent only on these missions and charities.

A gift was received from Mr J Smyth. The monies are to be allocated to the following activities the BB, the choir and the World Development Group

17. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

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