Charity registration number.. 105263
Trinity Greyabbey Congregation of The
Presbyterian Church in Ireland
Annual Report and Financial Statements
for the Year Ended 31 De￿mber 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 Gra￿Y
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 Ordinan￿S. 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 con￿rn 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 OU￿ard 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 pla￿S 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 COn￿mS 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 be￿een
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,
re￿Ipt 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 ServI￿S are recognised in the accounts when re￿iVed 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
be￿een 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,
Can￿lled 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 De￿mber 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