an Elmwood byLL'I iJii Lliui'iki Elmwood Presbyterian Church a congregation of the Presbyterian Church in Ireland Trustees, Annual Report and Financial Statements for the year ended 31 December 2025 RegiSted wlth the Charity Commlsslon for Northern Ireland NIC105264
an EIMWOOD PRESBYTERIAN CHURCH a Conffregatlon ot Tho Pr@shyt@rlAn Chureh In Ir•.land Ipcl) TRUSTEES, ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2025 including a Balante Sheet a5 at that date. REFERENCE AND ADMINISTRATIVE DETAILS Elmwood congregation of the Presbyterian Church in Ireland 105 Ballymacash Road Lisburn Co. Antrim BT28 3ET Registered Charity Number NIC105264 CHARITY TRUSTEES The Charity trustees who served during the year or who were trustees at the date of this report were-. Rev. Andrew Thomp50n Miss. Helen Johnston Mr. David Acheson Mr. Brian Magowan Miss. Lorraine Bell Miss. Julie Murdock Rev. Dr David Bruce Mr. Ivan Murdock Mr. Colin Campbell Mr. Gordon Mclvoy Mr. Gareth Connolly Mr. Ronnie Nesbitt Mr. Mark Donnell Mr. Mark Noble Mr. David Graham Mr. David Ravey Mr. John Henderson Mr. Michael Shields Dr Philip Henderson Mr. Robin Walsh Mr. David Jess PRINCIPAL OFFICE BEARER5 Minister Clerk of Session Treasurer Secretary Rev. Andrew Thompson Mr. Mark Noble Miss. Helen Johnston Mr. Brian Magowan
Elmwood Presbyterlan Church a congfeEation of PCI TRUSTEES, ANNUAL REPORT Icontinuedl an INDEPENDENT EXAMINER John Mccleary FCA Mccleary & Company Ltd Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP BANKERS Danske Bank 45- 48 High Street Portadown Craigavon BT62 ILB SOLICITORS W G Maginness & Son 68 Bow Street Lisburn 8T28 IAL STRUCTURE AND MANAGEMENT The Klrk Sesslon The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's governing document. The Code, the book of the constitution and government of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the spiritual Interest of the congregation and of persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregatlon and seeks to furthcr the cotttribution of the Church to Christian witness and service in the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session conslsts of the ordained minister and the ruling elders of the congregation. All members are entitled to propose. speak. and exercise equal votes at meetings, except that of the Moderator - the minister in active duty in the congregation - has no deliberative but only a casting vote. Stated meetings of the Kirk session are held up to eight times each year. To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote. Presbytery Under the Presbyterian Church in Ireland's form of governance the corporate oversiBht of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Elmwood Presbyterian Church has been assigned to the Dromore Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations a55igned to it by the General Assembly, ministers who have retired from active duty and an elder appointed by the Kirk Session of each congregation.
Elmwood Presbyterlan Church a congregatlon of PCI TRUSTEES, ANNUAL REPORT (continued) an The fjeneral Assembly The General Assembly is the supreme court of the Church, representing in one body the whole C_hiArr.h and actin8 as Itg siipreme legislative, administrative, and judicial authority, in dealing with all matters brought before it. The General Assembly is norrnally constituted during the third 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 ministers and a representative elder appointed by the Kirk Session of each congregation. DESCRIPTION AND PURPOSE Elmwood 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 bv the power of His Spirit, and to enable her members to play their part in fulfilling God's mlssion to His and our world. The congregation's mission purpose is 'Demonstrating God's presence in our communit¢. Depending on God's grace, we exist to bring Glory to God by reoching people for Jesus building up followers of Jesus, and sending them to seNe Jesus, both locally and to the ends of the earth. In living out its mission and vision as a family of God's people, the congregation 5eek5 to be guided by the following values.. Prayerful reliance on God Helping people to connect with God People matter to God. and so they matter to U5 Active membership of the worldwide family of God Reflecting God's heart for the world In all of thls we seek to be Biblical, intergenerational, outward-looking and innovative, while at the same tlme mindful of our hcritase and ploce a5 part of th¢ wider Presbyterian family in Ireland. The congregatlon meets for 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, mainly in small groups, and has a wide range of organisations including: Sundèy School-JAM'. Jesus and Me Boys, Brigade Youth Fellowship- FISH Girls, Brigade Youth Club- The Wood Presbyterlan Women- Women Together Table Tennls 5eniorfs Club- Young at Heart Cancer Support Group Toddlers Men's Fellowship Community Café-café Reflertions Prayer Time Community Bible Study & Griefshare group5
Elmwood Presbytèrian Church a congregation of PCI TRUSTEES, ANNUAL REPORT {contlnued) an ACHIEVEMENTS AND PERFORMANCE Worship and prayer The congregation normally meet5 for worship each Sunday at 11.30 am and twice per month at 6.30 pm. During the week the 8ible Study and Home Group programme provides an opportunity for members to meet for fellowship, to study the scriptures and for a time of prayer. As well as regular seiCe5, during the year there was one Sacrament of Baptism as compared with four in the previous year. Four new Communicants were welcomed and received by the congregation, three on profession of faith and one on transfer from another fellowship. On 31 December 2025, 217 individuals were listed as communlcant members with 163 taking part in Communion at least onte during the year. Pastoral Care Members of the congregation who are unable to attend church due to sickness or age are Vlslted on a regular basis by the minister, assistsnt minister, deaconess. elders or by one of the congregation's pastoral visitors. They are also able to be involved in Sunday morning worship via the live streaming of the service on YouTube or to be part of the worship via this channel at another time of their choosin8. Presbytery The congregation was represented at the regular meetings of Presbytery by the minister and one of the elders. This provides an important link between the congregations and the wider structures of the church. eneral Assembly The minister and one of our elder5 were nominated to attend the meeting of the General As£pmhly nf thp Prp.EhytpriAn C.hiJrch in 1rg.land hpld in Assombly Buildings. Belfast. in June 2025, and to attend the Special Assembly held in the same location on 18 Dember 2025. The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mlssion and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for Mission Workers at home and overseas, assists congregations with the deployment of locally based staff, enable church planting, provides grant support for the upkeep of church premises, assists with the running costs of Union Theological College - the Church's training college for ministry students, and financially supports congregations in the areas of worship. discipleship, global mission, outreach, leadership and pastoral care. Property In a building of the size and age of Elmwood there are always items of equipment or parts of the building fabric that require attention for repair, maintenance or replacement and 2025 was no exception. Some of the work undertaken was of a minor nature, such as the replacement of a hand drier in 3 toilet area, the provision of a new post box and the replacement of carpeting. Electrical work included general maintenance work, the
Elmwood Presbyterian Church a congregatlon of PCI TRUSTEES, ANNUAL REPORT {¢ontinued) an replacement of some trip switches, the replacement of some cabling for the intruder alarm and some external li8htin8 was replaced also. During the year work was undertaken and ompleted to ensure that the water supply system to our building complied with the relevant regulations. Withln the Main Hall some ventilation problems are being investigated, and action was taken to clean walls where some mould had developed. The major roof maintenance and repair scheme is being evaluated, and additional work may be required to areas of flashing. Some small items of A/V equipment were replaced or acquired during the year. Work progressed during the year on the planning of the new external slgnage and at the year- end Planning Permission was awaited to enable the scheme to proceed. Significant progress was made during the year on the development of plans for the extension of the main building and the upgrading of the heating and electrical servites. The Building Development Group has been working closely with the architect led Design Team to develop detailed specifications, costing5 and plans which will be shared with the congregation for consideration and comment. During the year some work was undertaken at the manse including the provision of a new oil tank, the replacement of some fencing, the re5urfacin8 of the asphalt around the building and the replacement of the central heating boiler. Pastoral Care The pastoral care of the congregation has been malntained by the Minister - Rev Andrew Thompson, Deaconess- Roberta Irvine. Licensed Assistant Minister, Graeme Read, Elders and a dedicated team of volunteers. The Kirk Session and Congregational Committee maintained their normal pattern of meetings throuEhout the year. The Minister, Kirk Session, Congregational Committee and all Church leaders look to the future with confidence and with the enabling power and presence of God endeavourto reach, build and send many to serve, love and follow Him, for His Glory alone. ORGANISATIONS The regular weekly organisations and activities in the congregation could be categorised in the following broad area5.' Youth & Children's Ministry Uniformed organisations seek to provide for the social, physical and spiritual development of children from 3-18 years. The Girls, Brigade has an average weekly attendance of 100 across the sections, while the equivalent number in Boys, Brigade is 90. The Christian education of children is sought through a Sunday School group- JAM wlth an average attendance of 25
Elmwood Presbyterian Church a congregation of PCI TRusfEES' ANNLIAL REPORT {continuedl an whlch meets prior to the morning service; during the service there is also age-appropriate teaching In KID'S Church which had an average attendance of 20 children. The development of young people is further SOL¢ght through the provision of a Youth Club - The Wood, with an average attendance of 42 and a Sunday evening Youth Fellowship group called FISH of 18 in attendance. Outreach The congregation seeks to build bridges into and serve the local community through a thriving Adultnoddler group,. a Small Parent-lnfant project Irun in conjunction with Barnardo'sl; a Community Café,. a woman's Community Bible Study, a Griefshare Support Group, together with annual Community activities during the summer months and at other significant dates such as Advent. FellowhIP The congregation seeks to offer opportunities for various groups to come together to learn and share with one another. The Women Together - Presbyterian Women's group meets monthly for a varied programme with an average of 25 women in attendance. A150 meeting monthly, the Men's Fellowship group brings together an average of 15 men on a Saturday morning for breakfast, conversations and a talk given by a member of the congregation or other invited gucsts from the wider community. A seniors. group - Young at Heart - meets twice per month providing a varied programme for a group of around 25 senior members. Finally, up to 75 member5 of the congregation are involved in a Home Group programme, whSch sees small groups meetin8 weekly to study the Bible, pray and share encouragement and fellowship. Volunteers The Trustees wish to acknowledge their deep appreciation of those who give their time and talents by serving on committees and work groups, helpin8 With organisations. and other church activities, like hospitality, and providing lifts to and from worship to name lust two. PU8LIC BENEFIT STATEMENT The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the public by making known the Christian Gospel of the Lord Jesus Christ. 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 Ithe Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunitles for response to Bible teaching. In turn, this framework lead5 to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved). Commonly, the above benefits are delivered locally by congregations and their members or are facilitated through presbyteries or are organised and delivered centrally bv the Presbyterian Church in Ireland. Local delivery is facilitated by central resources in almost all
Elmwood Presbyterlan Church a congregation of PCI TRUSTEES, ANNUAL REPORT {contlnuedl an cases. Public acces5 is made known usSng noticeboards, printed material, press Advprtisement, wèb%iteg. and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Global Mission Workers, Deaconesses, Irish Mission Workers and Lay Agents who receive benefits because of their holding an office of the church or employment. However, this is incidental and necessary to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are mernbers, their familie5, Other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement wlth and 5UPPOrt 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. FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weeklv Freewill Offerin6. The numbcr of contributors remained at 179. the same as it was durins the previoLts year of 2024, donating a total of £240,482 {£205,044 in 2024}. Most members make their freewill offering5 through electronic bank transfers. Total Income of the congregation during 2025 was £348.399, an increase of £52.886 gimpared to £295,513 iii Lli¥ yieviuus yetir. Total expendlture for 2025 was £362,614 an increase of £58.858 on the total expenditure of £303,756 during 2024. RESPONSIBILITIES IN RESPEcf OF THE FINANCIAL STATEMENTS The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The trustees are required to prepare financial statements for each financial year which give a true and fair view of the situation of the congregation and the financial activities for that year. In preparin8 the financial statements the Trustees are required to: select suitable accounting policies and then apply them consistentlv make judgements and estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it is inapproprlate to presume that the Funds will continue in operation.
Elmwood Presbyterian Church a congyegatlon of PCI TRU5TEE5' ANNUAL REPORT (continued) The trustèes are responsible for keeping adequate accounting records that are sufficient to show and explain the fund5 transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable them to ensure that the financial statements comply with the Statement of Recommended Practice"Accounting and Reporting by Charities11 January 20151". They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection o* fraud and other irregularities. GOING CONCERN The activities of the congregation are dependent on ongoing contributions from its members. The trustees are of the opinion that the congregation has sufflclent resource5 at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report and subject to the continuing support from members to fund on an ongoing basis the congregation's current activities and other financial commitments. RESERVES POLICY The trustees have considered the level of unrestricted net current assets that it is appropriate to hold takins account of current and ongoing commitment=. It is the policy of the Trustees to hold at least three months, normal expenditLsre, as the funding of its present activities is dependent on the ongoing financial support of members. At the end of the year unrestricted net current assets were £104,490, which is more than three months, normal expenditure, which trustees consider prudent. RISK REVIEW A review of major risks has been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support trom members. These risks are mitigated by the Irustees, and the Congregational Committee, regularly monitoring the various activities of the congregation at stated meetings and by encouraging members in their regular giving and considered spending. Approved by the Kirk Session at a meeting on 26 March 2026 signed on its behalf by Rev Andrew Thompson Mr. Mark Noble DATE ¥b l. J.2L 91 PLige
Elmwood PresbytErian Church a ion6re8ation of PCI an INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF ELMWOOD CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND I report on the accounts for the year ended 31 December 2025 set out on pages 11- 22. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance wlth the Charities Act INorthern Ireland) 2008. It is my responsibility to.. examine the accounts under Section 65 of the Charities Act to follow the procedures laid down in the General Dlrettions given by the Charity Commission (under Sertion 6519llbl of the Charities Act).. and to state whether particular matters have come to my attention. Basis of the Independent examiner's report I have examined your charity accounts as requlred under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charities Cornrni55ion for Northern Ireland under Section 6519llbl of the Charltles Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items of disclosures in the accounts and seeking explanation5 from you as charitv trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accountlne r@tords wÈr¢ not kept in accordance wlth sectlon 63 of th• Charitiés Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirernents of the Charities Act 4. That there 15 further Informatlon neeLled for a proper undersiandlng of the actounis to be reached. Independent examlner's statement Since your charit¢5 gr055 income exceeds £250.000 your examiner must be a member of 11sied body. I can conflrm that i am qualified To underiake the examination because i am a registered member of the Institute of Chartered Accountants in Ireland which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters111 to141 listed above and in connection with following the Directions of the Charity Commission for Northern Ireland,. I have found no matters that require drawing to your attention. john McCle3ry FCA Mccleary & Company Ltd Garvey StudSos, 14 Longstone Street Lisburn BT28 ITP Signature: Date.. 26 March 2026 io I
Elmwood Presbyterian Church a congregation of PCI an STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 Decembef 2025 Note Unrestricted Restricted Endowment Funds Funds Funds 2025 2024 Income Donations and Legacies Charitable Activities Other Trading Activitie5 Investment Income Other 199.230 3.660 200 789 1.748 205,627 121.958 20,814 321,188 24,474 200 789 1,748 348,399 266,8 27,582 863 1,060 295,513 142,772 Expendlture Raising Funds Charitable Activities Other 225,705 20,000 245,7L15 116,909 342,614 20,000 Jb2,b14 279,478 24,278 303,756 Ilb,YUY Total 140,0781 25,863 114,2151 18.2431 Net gains/losses on investments Net Income/Expenditure Transfers between funds 140,0781 25,863 114,2151 18,2431 22,106 122,1061 Net movement in funds 117,9721 3,757 114,2151 18,2431 Funds brought forward 1,732,462 243,526 1,975.988 1,984,231 Funds carried forward 15 1,714,490 247,283 1,961,773 1,975,988 11 I Page
Elmwood Presbyterian Church a congregation of PCI an STATEMENT OF FINANCIAL AcfiviTY IRecelpts and Payments Account) for the year ended 31 December 2025 Unrestricted Restricted Endowment funds lunds fund5 2025 2024 Fixed Assets Tangible assets Inve5tment5 Total flxed assets li 1.610,000 1,610,000 1,630,000 1,610,000 1,610,000 1,630,000 Current A$5ets Debtors Cash at bank and in hand Total current assets 12 13 31,859 76,642 108,501 19,689 227,594 247,283 51.548 304,236 355,784 41,057 312,970 354.027 Llabilltles Creditors falling due in one year Net Current assets 14 14,0111 104,490 14,0111 351,773 18,0391 345,988 247,283 Creditors fallinR due over one year Total net assets 1,714,490 247,283 1,961,773 1,975,988 Funds of the charlty Unrestricted funds Restricted funds Endowment funds Is 15 15 1.714,490 247,283 1,732,462 243,526 Totsl charity funds 1,961,773 1,975,988 Approved by the Kirk Session at a meeting on 26 March 2026 and signed on its behalf by Rev Andrew Thompson ark Noble Date.. rtAf cd toDL Date..
Elmwood Presbyterian Church a congregation of PCI an NOTES TO THE Accouf+JTS 310e¢ember 2025 ACCOUNTING POLICIE5 BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland IFRS1021 (effective l January 20151. The financial statements have been prepared under the historical cost convention except for investment a55ets, which are shown at market value. The financial statements include all transactions, assets and liabilitie5 for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, northose that are informal gatherings of church members. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion,. the income derived from the endowment is to be used either as restricted or unrestricted Income funds depending upon the purpose for whlch the endowment was established inthe first place. Elmwood does not haveanyendowmentfunds at the present time. Restricted funds comprise lal income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donations or grallts for a specifi congregational activity intended by the donor. Where these funds have unspent balances. interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are income lunds, whlch are to be spent on the congregatlon's general purposes. Designated funds are general funds set aside by the congregation for use in the future. INCOMING RESOURCES {)) Recognition of incomlng resources These are included in the Statement of Financial Activities ISOFAI when: the congregation becomes entitled to the resources,. the trustees are virtually certain they will receive the resources,. and the monetary value can be measured with sufficient reliabilitv. lil) Incoming resources wlth related expenditure Where incoming resources have related expenditure las with fundraising income) the incomlng resources and related expenditure are reported gross in the SOFA. 131 Page
Elmwood Presbyterian Church a congregation of PCI an NOTES TO THE ACCOUNTS (iunlinued} 31 December 2025 {iii) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. {Ivl Tax reclalms on donatlons and glfts Incoming resources from tax reclaims are included in the SOFA at the Same time as the gift to which they relate. Iv) Contractual income and performance related grants This is only included in the SOFA once the related goods or services have been dellvered. (vi) Volunteer help The value of any voluntary help received 15 riot included in the accounts but is described in the trustees, annual report. (viii) Investment Income This is included in the accounts when reIv3b1e. (Ix) Investment gains and losse5 Thls Includes any galn or loss on rhe sale of Investments and any galn or loss resultlng from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Ix) Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregatlon 10 pay our resources. Governante costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. {xii) Grants Wtth performance condltlons Where the charity gives a grant with conditions for Its payment being a specific level of service or output to be provided, such grant5 are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. {xlll) Grants payable wlthout perfonnance conditlons These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charlty.
Elmwood Presbyterlan Church a congregatlon of PCI an NOTES TO THE ACCOUNTS (continued) 31 December 2025 ASSErs Ixlvl Tangible Fixed Assets Tangible fixed assets for use by Charity are capitalised if they can be used for more than one year. They are valued at cost or, if gifted, at the value to the charity on receipt. Depreclatlon Is recorded on all tanglble fixed assets, other than freehold land and the church manse, which is recorded at market value, at rates calculated to write off the cost, le5$ estimated residual value of each asset over its expected useful life as follows: Buildings: Fixture5, fittings and equipment Motor vehicles Computers, software and technical equipment over 50 year5 over 10 years over 4 years over 4 years 2. DONATIONS AND LEGACIES Unrestrlcted Restrlcted Endowment Funds Funds Funds 2025 2024 Recorded giving Loosc Collcction- Donations and gifts Gift Aid Legacies & bequests 150,079 4,655 14,528 29,968 90,403 5,746 6,122 19,687 240,482 10.401 20,650 49,655 205,544 9,602 14,452 36,410 199.230 121,958 321,188 266,008 3. CHARITABLE ACTIVITIES Unrestricted Restricted Endowment Funds Funds Funds 2025 2024 Income from charitable activities Fundraislng events Membership Fee5 Grants 3,240 8,248 11,488 13,788 434 5,510 7,850 27,582 170 250 3,660 7,766 4,800 20,814 7,936 5,050 24,474 151 Page
Elmwood Presbyterian Church a congregation of PCI an NOTes TO THe ACCOUNTS {conllnuedl 31 December 2025 4. OTHER TRADING INCOME Uniestrlcted Restricted Endowment Funds Funds Funds 2025 2024 Letting of premises Trading income 200 200 200 200 5. INVESTMENT INCOME Unrestricted Restricted Endowment Funds Funds Fund5 2025 2024 Deposit interest Investment income 789 789 863 789 789 863 6. OTHER INCOME Unrestrlcted Restricted Endowment Funds Funds Funds 2025 Z024 Other income 1,748 1,748 1,748 1,748 1,060 1,060 7. RAISING FUNDS Unrestricted Restrltted Endowment Funds Funds Funds 2025 2024 FWO envelopes Fundraising events
Elmwood Presbyterian Church a con8regation of PCI an NOTES TO THE ACCOUNTS {continuedl 31 December 2025 CHARITABLE ACTIVITIES Unrestricted Restr5cted Endowment Funds Funds Funds 2025 2024 General Assembly Assessments Presbytery fees Ministry & Support Staff costs Congregational running expenses Donations to Mission & charities Governance costs 15,880 1,370 150,998 15,880 1,380 150,998 15,670 1,198 147,551 io 36.958 83,202 120,160 89,506 18,045 2,454 15.605 18,092 33,650 20.546 23,159 2,394 225.705 116.909 3d2.614 279,478 OTHER EXPENDITURE Endowmen Unrestrlcted Funds Restricted Funds 2025 2024 Funds Depreciation Loan Interest 20,000 20,000 24,278 20,000 20,000 24,278 10. EMPLOYEES 2025 2024 Wages and salaries Social Security costs Penslon Contributions 122,931 14,626 13,441 150,998 115,850 13,976 17,725 147,551 171 Page
Elmwood Presbyterian Church a congregation of PCI an NOTES TO THE ACCOUNTS (continued) 31 De¢ember 2025 EMPLOYEES Continued Number of Employees The average number ofemployees during the year was.. 2025 2024 Average number of employees There were no employees in reIpt of employee benefits in excess of £60,000. PENSION The minister and deaconess of the congregation are members of the Presbyterian Church in Ireland Pension Scheme120091. This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employerfs pension contribution for the Scheme and based on the stipend paid to the minister and deaconess. The Presbyterian Church in Ireland Penslon Scheme120091 is a funded Scheme of the defined benefit type, providins defined benefit5 based on career average revalued salary. The Scheme ha5 assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have aRreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. The pension contributions made by the congregation during the year the VLI Pension Scheme 120091. were 2025 2024 Minister Deaconess 8,071 5,305 10,695 7,030 The congregation operates a defined pension contributions policy for its Other employees. The scheme and its assets are held by an independent scheme manager. The pension contributions due from the congregation durlng the year.. 2025 2,024 Contributions 65 181 Page
Elmwood Presbyterian Church a con8regation of PCI an 11. FIXED ASSETS Land & Buildings Fixtures Motor Equipment & Fittings vehicles Total Cost or Valuation At start of year Additions Disposals At end of year 1,810,000 25,044 8,000 1,843,044 1,810,000 25,044 8.000 1,843,044 Depreciation At start of year Provision for year Disposals At end of year 180,000 20,000 25,044 8,000 213,044 20,000 200,000 25,044 8,000 233,044 Net Book Value At the start of ypAr At the end ofyear 1.K4n.nnn 1,610,000 1,630,000 1,610,000 12. DEBTORS 2025 2024 Accrued Income Prepayments uther debtors 48.243 3,305 37,696 3,361 51,548 41,057 13. CASH AT BANK AND IN HAND 2025 2024 Current Accounts Cash in Hand 304,183 53 304,236 312,929 41 312,970 191 Page
Elmwood Presbyterian Church a congregation of PCI NOTES TO THE ACCOUNTS (continued) 31 December 2025 an 14. CREDITORS: amount due within one year 2025 2024 Bank loans and overdrafts Accruals Other creditors 4.011 8,039 4,011 8,039 IS. FUND BALANCES Balance at start Surplusl Transfers Recelpts Payments (Deficlt) Balance at end Unrestrlcted Funds Unrestricted Funds 1,732,462 205,627 245,705 140,0781 22,106 1,714,490 1,732,462 205,627 245,705 140,0781 22,106 1,714,490 Resiricted Funds Building & Maintenance Missionary & Outreach Sunday School IJAMI Boy's Brigade Girls, Brigade Presbyterian Women Youth Fèllowship IFisHI Youth Club IWOODI Communlty Ministry Young Adult5 Holiday Bible Club Special OfferinÉs 184,551 42,332 443 87,002 24,681 420 9,697 6,724 5,205 2.410 2,927 3,706 76,053 10,355 459 10,274 6,259 5,069 2.196 2,873 3,371 10,949 14.326 1391 15771 465 136 214 195,500 -44,.4.42 404 3,063 6,610 1,901 945 2,422 1,652 221 122.10fi1 3,640 6,145 1,765 731 2,368 1,317 221 54 335 li li 243,526 142,772 116,909 25,863 122,1061 247,283 Endowment Funds Endowment Fund Investment Fund Total fund balances 1,975,988 348,399 362,614 114,2151 1,961,773
Elmwood Presbyterian Church a congregation of PCI NOTES TO THE ACCOUNTS (continued) 310ecember 2025 16. RELATED PARTY TRANSACTIONS Two of the trustees received remuneration. The minister of the congregation received remuneration of £46,122 and expenses of £8,122 for acting in that capacity. Pension contributions of £8,071 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme 120091. The music leader received remuneration of £6,065. No pension contributions were paid in relation to this post. None of the other trustees received any remuneration or expenses during the year in connection with their duties. During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity £15,880 for congregational assessments £11,531 towards the United Appeal The congregation contributed El,380 towards Presbytery Assessments durin8 the year. There were no other related party transartions. 211 Page