Charity registration number.. 105263 Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Annual Report and Financial Statements for the Year Ended 31 Dember 2024
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Contents (continued) Reference and Administrative Details Trustees, Report 2to7 Independent Examiner's Report 8t09 Statement of Financial Activities 10 Balance Sheet Notes to the Financial Statements 12to21
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Reference and Administrative Details Trustees Mr J Cranston Mr G Angus, Clerk of Session Mr L Brown Rev Neil Stewart, Minister Mr R Mccracken Mr C Muldoon Mr R Walker Mr A Ryder. Deputy Clerk of Session Mr N Angus Mr W Dorrian D Heron Mr D Thompson Mr M GraY Mr H Campbell Mr N Hamilton Charity Registration Number 105263 Principal Office 26-34 Main Street Greyabbey Co Down BT22 2NE Independent Examiner RBCA Limited Chartered Accountants Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG Page 1
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024. Structure, governance and management The Kirk Session 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 setvice in the local community. The Kirk Sessions has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and propety 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 4th Tuesday each month. 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 OrdinanS. 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 O-thirds of those who vote. Presbytery Under the Presbyterian Church in Ireland fom of g0Veman the corporate oversight of a congregation is the responsibility of a Presbytery which supenntends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Trinity Greyabbey congregation of the Presbyterian Church has been assigned to the Ards Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of the congregation. The General Assembty The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its 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 a representative elder appointed by the Kirk Session of each congregation. Page 2
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Report (continued) Objectives and activities The charitable purpose of the congregation is the advancement of religion. Trinity Greyabbey congregation of the Presbyterian Church is 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 wodd. The congregations mission purposes is- A Welcoming, Christ-centred and Spirit-filled Church, Worshipping and Serving God in the Community is increasingly characterised by love for God, and love and conrn for others is committed to the historic Christian gospel as revealed in the Bible is relevant to people of this time and pla. The congregation aims to live out its Mission and Vision as a family of God's people by being.. A Covenant Community- where our relationships are rooted in the promises of God by living faithfully toward him and toward one another., An intergenerational Community.. where adults intentionally take the lead to engage with, encourage and nurture younger members to maturity in Christ" - An OUard looking Community" where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bounds of our community., As a congregation of the Presbyterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechism set out what we understand the Bible teaches on key matters of Christian faith and practice. The congregation meets in plaS of worship every Sunday and visitors are welcome to join. The Sacrament of the Lord's Supper is observed on several occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation holds regular bible study meetings and has a wide range of organisations l Ministry's including= K4C (Sunday School) - Trinity Tots Bowling Club {Greyabbey} Bowling Club (Cloughey) BB {Anchor, Junior, Company) Craft Club Girls Brigade { Cloughey) Polo {Cloughey) RE-GEN (Youth Fellowship Geyabbey) - Wings Women's Ministry CREW { Youth Fellowship Cloughey) Page 3
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Report (continued) Achievements and perforniance Worship and prayer The congregation meets for worship each Sunday at 10 am Cloughey 11.30 am Greyabbey. Home Groups provide an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer. As well as our regular seNices during the year we acknowledged God's gift of new life with 1 Sacraments of Baptism. We conts'nually seek to comfort those who had been bereaved during the year. On 31 December 2024 there were 291 communicant members and 297 families connected with the congregations. The average week attendance at morning worship is 75 Cloughey and 115 Greyabbey. Pastoral care Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister, elders or by one of the congregation's pastoral visitors 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 I ministries. Financial review The congregation's main Sour of income is members, contributions through the Weekly Freewill Offering. The 2024 accounts are prepared on an accruals basis. Total income for the year was £315,436 compared to £327.215 in the 2023 year of which £268,926 related to donations including gift aid. The total surplus for the year was £26.911 (£42,396 in 2023) of which £12,064 related to restricted funds. This resulted in net assets at 31 December 2024 of £756,940 of which £206,096 is held for restricted purposes as outlined in note 13 of the financial statements. Page 4
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Report (continued) Public benefit The Presbyterian Church in Ireland meets the public benefit requirement by providing benefitto 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 purposes 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 tum, this framework leads to practical expressions of Christian beliets 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 congregational churches and 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 hami. The onty prtvate benefitflowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidentsl 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 is in direct and indirect contact with, the community in which pastoral setvices are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement 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. KIRK SESSION REPORT And we know ihat in all ihings God worksfor ihe good of ihose who love hi who have been called according lo His purpose., Romans 8..28 2024 has been a year of firsts and challenges but God has been faithful throughout. In January we were delighted that through our financial support with Young Life Glastry College was able to employ a chaplain, we also welcomed a group of young people from America who facilitated a youth week at Cloughey church and through this a Youth Night started in September at Cloughey church halls with approximately 70 young people from the Peninsula attending. A reading devotional book on John's Gospel was used in the lead up to Easter and we were encouraged that so many of the congregation participated and assembled for the Celebration of our Risen King over Easter weekend. Page 5
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Report (continued) In May we had the Ordination and Installation of two new elders. We already have seen their commitment and wisdom at Trinity over this short period of time. Deputy Clerk of Session was appointed and I personalty have appreciated his knowledge, understanding and spiritual support working within Session. It was a great encouragement to witness a team from Cloughey to embark to Eswatini and from their feedback it was certainly a life changing experience. One of the highlights of the calendar year was to helping. along with Faith Mission and other churches. to run a Faith on the Fami Mission weekend in June at Corries Fami. We trust God willing this will grow through the peninsula and we will continue to play our part. In September we had a day of prayer both in Greyabbey and Cloughey. In September to show our thanks and appreciation we held a special service for recently retired Principal of Greyabbey Primary School. Present and past school pupils enjoyed hearing of his testimony and God's message. The general administration of session for the life and witness of Trinity continues with an UF)dated Mission Plan agreed and implemented. Some new districts were formed to facilitate new elders and Greyabbey refurbishment is ongoing. During the year we had one baptism, one blessing and four new communicants came forward on profession of faith. In both locations we, the session, are forever thankful and blessed to have so many volunteers who give of their time and talents to serve God through leadership and helping in all fields of ministries and organisations throughout the year, without them, Trinity would not be where it is. It is wonderfully to see the Holy Spirit working in and throughout so many people. The session acknowledges that 2024 has been drfficult for many in our church family whether through illness, change in circumstances or the death of a loved one it is our prayer that God may strengthen and uphold you. The session appreciates the work of our community outreach worker as she continues to seek to spread God's word. In December we were saddened and delighted to hear our Assistant Paul had received a call to Glastry Presbyterian Church, we wish him well as his starts this new chapter and we have no doubt God will use him mightily in Glastry. During the yearwe celebrated our minister being with us 10 years, we ask God to bless him and his family. l again thank the team of Godly men who serve as Kirk Session. may they know God's peace and strength as we continue to serve our great God. Page 6
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Trustees. Report (continued) "Each ofyou should use whatevergiftyou have received to serve others, as faithful stewanls of God's grace in various forms, I Peler4."10 Statement of Trustees. Responsibilities The trustees are responsible for preparing the trustees. report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incomirrg resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent" state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports} Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the rna1ntenan and integrity of the corporate and financial information included on the charitable company's website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. 26 Jul 2025 The annual report was approved by the trustees of the charity on behalf by= and signed on its Mr G Angus Trustee MrA Ryder Trustee Page 7
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Independent Examiner's Report to the trustees of Trinity Greyabbey Congregation of The Presbyterian Church in Ireland I report to the trustees on my examinats.on of the accounts of Trinity Greyabbey Congregation of The Presbyterian Church in Ireland for the year ended 31 December 2024. Responsibilities and basis of report As the charity's trustees of Trinity Greyabbey Congregation of The Presbyterian Church in Ireland you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008 ('the Act,). Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to- examine the accounts under section 65 of the Charities Act (Northem Ireland) 2008., 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 attents"on. Basis of independent examiner's report My examination was carried out in accordan with the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters. My role is to stste whether any material matters have come to my attention giving me cause to believe.. 1. That accounting records were not kept in accordan with section 386 of the Companies Act 2006; 2. That the accounts do not accord with those accounting records" 3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland., and 4. That there is further infomiation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no COnmS in respect of the matters (1) to 14) listed above and, in connection with following the Directions of the Charity Commission for Northem Ireland, I have found no matters that require drawing to your attention. Page 8
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Independent Examiner's Report to the trustees of Trinity Greyabbey Congregation of The Presbyterian Church in Ireland (continued) Brian Stewart On behalf of RBCA Limited Chartered Accountsnts Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG 04 Aug 2025 Date:............................. Page 9
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Statement of Financial Activities for the Year Ended 31 December 2024 Unrestricted funds Restricted funds Totsl 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 220,719 3,510 1,836 48,207 38,995 2,169 268,926 42,505 4,005 281,819 45,056 340 Total income 226,065 89,371 315,436 327,215 Expenditure on: Raising funds Charitable activities {6,104) {278,715) {211,218) {77,307) 1288,525) Total expenditure {211,218) {77,307) 1288,525) {284,819) Net income Gross transfers beeen funds 14,847 12.064 26,911 42,396 17,802 {17,802) Net movement in funds 32,649 (5,738) 26,911 42,396 Reconciliation of funds Total funds brought forward 515,195 214,834 730,029 687,633 Total funds carried forward 13 547,844 209,096 756,940 730,029 All of the charity's activities derive from continuing operations during the above periods. The funds breakdown for 2023 is shown in note 13. The notes on pages 12 to 21 form an integral part of these financial statements. Page 10
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland (Registration number: 105263) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets 361,265 370,772 Current assets Debtors Cash at bank and in hand 10 34,188 362,687 40,234 321,003 396,875 361,237 Creditors: Amounts falling due within one year 12 (1,200) {1,980) Net current assets 395,675 359,257 Net assets 756,940 730,029 Funds of the charity: Restricted income funds Restricted funds 13 209,096 214,834 Unrestricted income funds Unrestricted funds 547,844 515,195 Total funds 13 756,940 730,029 The29ryarL569Lstatements on pages 10 to 21 were approved by the trustees, and authorised for issue on and signed on their behalf by- Mr G Angus Trustee MrA Ryder Trustee The notes on pages 12 to 21 form an integral part of these financial statements. Page11
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 1 Accounting policies General information The charity is a public benefit entity and a registered charity in Northem Ireland and is unincorporated. The address of the principal Offi is 26-34 Main Street, Greyabbey, Co Down, BT22 2NE. Statement of compliance The financial ststements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practi issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charities Act 2011. Basis of preparation Trinity Greyabbey Congregation of The Presbyterian Church in Ireland meets the definition of a public benefit entity under FRS 102. The accounts {financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note{s) to these accounts. The financial statements are prepared in sterling, which is the fijnctional currency of the entity. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes". restricted income funds or endowment funds. Page 12
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income= • income from donations or grants is recognised when there is evidence of entitlement to the gift, reIpt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and ServIS are recognised in the accounts when reiVed if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted frjnds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fijndraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on chantable activits-es. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable. justs'fiable and consistent basis. Tangible fixed assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activib'es. Depreciation and amortisation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Page 13
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Asset class Freehold propety Depreciation method and rate 2 % straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash%enerating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments Classification Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Recognition and measurement All financial assets and liabilities are initialty measured at transaction pri (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all. significant risks and rewards of ownership. has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, Canlled or expires. Page 14
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 2 Income from donations and legacies Unrestricted funds General Restricted funds Total 2024 Total 2023 Recorded giving Donations and gifts Loose collections Gift aid Grants 163,017 5,000 15,789 36,913 35,375 198,392 5,000 23,621 36,913 5,000 207,091 10,707 20,901 39,409 3,711 7.832 5.000 220,719 48,207 268,926 281,819 3 Income from charitable activities Unrestricted funds General Restricted funds Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals Membership fees Fundraising events Use of premises 3.510 30.224 33,734 29,710 2.298 2,298 3,575 3,796 3,340 4,635 6,473 6,473 3,510 38,995 42,505 45,056 4 Investment income Unrestricted funds General Restricted funds Total 2024 Total 2023 Interest receivable and similar income., Interest receivable on bank deposits Other investment income 1.815 21 2,169 3,984 21 324 16 1,836 2,169 4,005 340 Page 15
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 5 Expenditure on raising funds a) Costs of generating donations and legacies Unrestricted funds General Restricted funds Total 2023 Note Raising funds 1.532 4,572 6,104 6 Expenditure on charitable activities Unrestricted funds General Restricted funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to missions and charities Support costs 37,412 979 89.343 37,412 979 89,478 36,696 933 82,883 135 62,266 46,551 108,817 107,110 6,500 14,718 30.621 37,121 14,718 34,255 16,838 211,218 77,307 288,525 278,715 7 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Staff costs during the year were: Wages and salaries Social security costs 76,141 7,199 71,598 6,613 83,340 78,211 The average head count of employees during the year was 4 (2023: 4). No employee received emoluments of more than £60,000 during the year (2023 . £Nil) Page 16
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 8 Independent examiner's remuneration 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 1,200 1,000 9 Tangible fixed assets Land and buildings Total Cost At 1 January 2024 475,350 475,350 At 31 Dember 2024 475,350 475,350 Depreciation At 1 January 2024 Charge for the year 104,578 9,507 104,578 9,507 At 31 December 2024 114,085 114,085 Net book value At 31 December 2024 361,265 361,265 At 31 December 2023 370,772 370,772 10 Debtors 2024 2023 Prepayments Other debtors 4,490 35,744 40,234 34,188 34,188 11 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank Short-term deposits 234 160,399 202,054 434 120,330 200,239 362,687 321,003 Page 17
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 12 Creditors: amounts falling due within one year 2024 2023 Accruals 1,200 1,980 13 Funds Balance at 31 December 2024 Balance at 1 January 2024 Incoming resources Resources expended Transfers Unrestricted funds General General funds 515,195 226,065 (211,218) 17,802 547,844 Restricted funds Challenge Ministries Cloughey Building for the Future Cloughey Catering Cloughey Property Cloughey Harvest Fund Cloughey Mission Community Outreach (Local Mission) Discretionary Fund Eswatini Mission Trip Fields of Life General Mission Fund Global Mission Greyabbey BFTF Greyabbey Catering Greyabbey Church Refurbishment Greyabbey Harvest Young Life Greyabbey Property Solid Ground Café Solid Rock Café Syria Appeal Team Abura United Appeal 9.183 2.969 (181> (10,636) 1,335 540 1,190 4,303 2,970 249 (540) 304 895 (2,970) 867 5,307 (1,281) (3,884) 1,080 6,621 (249) 1.314 (1.500) (680) {4,616) (3,337) (850) 186 680 864 2,505 1,577 (1001 (3,150) 3,752 731 20 100 3.150 3,098 301 1,974 200 2,721 713 (2,199) 1,612 15,000 15,000 3,798 5,000 23.306 3.482 2,249 {3,798) (5,000) (12.817) {5.099) (2,440) {55) 149.549 5.945 835 74 (781) 6,054 166,092 4,328 644 781 10,865 (14,853) 3,988 Page 18
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Balance at 31 December 2024 Balance at 1 January 2024 Incoming resources Resources expended Transfers Women's Fellowship (Wings) Youth Sunday Children's Ministry Fund Trinity Tots BB GB POLO Fusion Bowling (GR) Bowling ICL) Craft Club Men's Ministry C.R.E.W ICL) Cloughey Presbyterian Women Outreach Worker 983 261 2.066 (2.384) 37 702 261 410 473 2,155 4,054 67 325 249 2,110 257 449 (227) 183 452 1,677 2,302 94 325 22 2,169 270 410 39 155 2,964 3,149 493 (181} (3,442) (4,864) (468> (37) 438 595 171 2.119 250 (665) (536) (1151 (2.158) (219) (43) 668 13,398 3,104 (3,234) 538 (13,398) Total restricted funds 214,834 89,371 (77,307) (17,802) 209,096 Total funds 730.029 315.436 (288.525) 756,940 Page 19
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Balance at 31 December 2023 Balance at 1 January 2023 Incoming resources Resources expended Transfers Unrestricted funds General General funds 503.043 230.084 (207,071) (10,861) 515,195 Restricted Challenge Ministries Cloughey Catering Cloughey Property Community Outreach (Local Mission) Eswatini Mission Trip Fields of Life General Mission Fund Greyabbey Catering Greyabbey Church Refurbishment Greyabbey Harvest Greyabbey Property Solid Ground Café Solid Rock Café Syria Appeal Team Abura United Appeal Women's Fellowship (Wings) Youth Sunday Children's Ministry Fund Trinity Tots BB GB POLO Fusion Bowling (GR) Bowling ICL) Craft Club Men's Ministry C.R.E.W (CL) Cloughey Presbyterian Women 3,595 316 5,375 4,639 5,307 (2,068) (3,375) (4,971) 2,281 9,183 1,580 5,307 4,971 1,092 1,716 4.690 4.798 455 (2,000) (4.690) (8.457) (600) (373} (808) 1.200 826 2,760 1,293 373 301 1,974 11,000 4,000 4,688 17.995 2.930 2,560 757 4,682 10,496 15,000 (4,688) 2,048 30 133.536 4.780 635 (4.030) (1.795) (2,360) (827} (6,163) (15,975) 149,549 5,945 835 74 (781) 144 700 5,479 936 261 2.472 (2.429) 983 261 410 496 2,273 6,237 56 325 222 2,052 243 89 11 410 473 2,155 4,054 67 325 249 2,110 257 449 410 4,853 2,264 546 (433} (4,971) (4,447) (535> 527 679 226 823 750 (500) (621) (212) (623> (753) 160 600 2,496 Page 20 (2,428) 668
Trinity Greyabbey Congregation of The Presbyterian Church in Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Balance at 31 December 2023 Balance at 1 January 2023 Incoming resources Resources expended Transfers Outreach Worker Building for the future Ukraine 13.399 2.111 3,866 20 (2,112) 13,398 (3,866) (20) Totsl restricted funds 184,590 97,131 (77,748) 10,861 214,834 Total funds 687.633 327.215 (284.819) 730,029 The specific purposes for which the funds are to be applied are as follows". Restricted funds of the congregation include restricted organisational funds held by organisations. 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 are restricted by the condition that they must be spent on repairs, maintenance and renovation of the congregational property. Donors to the funds expect this condition to be satisfied. Restricted congregational missions and charities funds are restricted by the condition that donors expect the funds to be spent only on these missions and charities. 14 Analysis of net assets between funds Total funds at31 December 2024 Unrestricted funds General Restricted funds Tangible fixed assets Current assets Current liabilities 361,265 187,779 (1,200) 361,265 396,875 {1,200) 209,096 Total net assets 547,844 209,096 756,940 Total funds at31 December 2023 Unrestricted funds General Restricted funds Tangible fixed assets Current assets Current liabilities 370,772 146,403 (1,980) 370,772 361,237 {1,980) 214,834 Total net assets 515,195 214,834 730,029 Page 21