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2024-12-31-accounts

Legacurry Congregation of the Presbyterian Church in Ireland

Trustees' Annual Report and Financial Statements for the year ended 31 December 2024

Charity number: NIC105293

1

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

Contents
Trustees' Annual Report 3 - 11
Independent Examiner's Report 12
Statement of Financial Activities 13
Balance Sheet 14
Notes to the Financial Statements 15 - 28

2

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT

The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Legacurry Presbyterian Church congregation of the Presbyterian Church in Ireland 307 Upper Ballynahinch Rd, Lisburn BT27 6XG, UK

Registered Charity in Northern Ireland (NIC105293)

CHARITY TRUSTEES

The Charity Trustees who served during the year or who were trustees at the date of this report were:

Steven Abraham Philip Brown Lawrence Campbell Thomas Crawford Michael Davidson John Ferguson Jim Hamilton Richard Hassard Rev Mark Hawthorne (appointed 06/12/2024) Alan Little Gary McCracken

Robert McCullagh Roy Patterson Miriam Pattison Jacqueline Pickering Richard Reid John Rodgers Gillian Scott John Sloan David Smyth Adam Thompson

PRINCIPAL OFFICE BEARERS

Minister Clerk of Session Treasurer

Rev Mark Hawthorne (appointed 06/12/2024) John Ferguson Philip Brown

INDEPENDENT EXAMINER

Ivan Shannon & Company 39 Church Street Ballynahinch BT24 8AF

SOLICITORS

W.G Maginess & Son 68 Bow St Lisburn BT28 1AL

BANKERS

Ulster Bank 18 Bow Street Lisburn BT28 1BN

3

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

STRUCTURE 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 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 consists 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 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 at least six times a 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 form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Legacurry 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 assigned to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of each congregation.

The General Assembly

The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administrative and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its business. At the end of business it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired minsters and a representative elder appointed by the Kirk Session of each congregation. The General Assembly met in June 2024.

4

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

DESCRIPTION AND PURPOSE

Legacurry 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 world.

At Legacurry we have a simple Mission statement:

Acting on God’s Word – Welcoming, Worshipping and Witnessing

The congregation aims to live out its Mission and Vision as a family of God’s people by:

ACTIVITIES AND OBJECTIVES

The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lord's Supper is normally 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 including:

ACHIEVEMENTS AND PERFORMANCE

Staff

There were three paid members of staff: the Minister (full time), a Praise Co-ordinator (5 to 7 hours per week) and a Ministry Co-ordinator (12 hours per week). There was one joiner during the year due to Rev. Mark Hawthorne's installation in December 2024.

5

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

ACHIEVEMENTS AND PERFORMANCE (cont'd)

Worship and prayer

The congregation normally meets for worship each Sunday at 11am, with evening services fortnightly at 6.30pm. Once a fortnight Home Groups provide an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer. There is a corporate prayer time every Sunday morning before church and twice a month on a Thursday evening.

As well as our regular services during the year we acknowledged God’s gift of new life at one Sacrament of Baptism. We gave thanks for faithful services and sought to comfort those who had been bereaved during the year. There were two weddings held during the year.

At 31 December 2024 there were 318 communicant members and 328 families connected with the congregation.

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. They are also provided with CDs each week to enable them to listen to the services in their own homes. All morning services are live streamed and available online.

Mission and outreach

At a local level the congregation continues to support several charities and is involved in community outreach. The main local projects supported included Belfast Christian Unions mission, Christian Aid, Christian Family Centre, Christians Against Poverty, Evangelical Alliance, Exodus Trust, Graham McClellan, Lisburn Food Bank and Youth for Christ Ballysillan.

Assisted by our part-time evangelist, Mr Graham McClellan, the church also holds a number of outreach and teaching courses throughout the year. These provide a wide range of people from different backgrounds with an opportunity to learn about the good news of Jesus Christ in an informal environment.

The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church’s training college for ministry students, and financially supports congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care.

6

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

Mission and outreach (cont'd)

The congregation supported international projects including the work of Brian and Maria Liggett through Impande Foundation in South Africa, Lagoa Christian Fellowship, the Morales family in Peru, Open Doors, Overseas Missionary Fellowship, Tearfund and Ukraine (Slavic Gospel Association and Faith in Action Ministeries). We continue to support water well drilling, schools projects and Bethanie Medical Centre in Burkina Faso, via Transform Burkina and AEAD. Our Annual Harvest appeal in October supported PCI's West Belfast Project and raised £6,913.

Presbytery

The congregation is normally represented at the regular meetings of Presbytery by our minister and the relevant representative elder. This provides an important link between the congregation and the wider structures of the church.

General Assembly

The vacancy convener and representative elder attended the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June 2024.

Property

The building of the new Church Manse began during 2024, with £160,000 spent during the year. The project is expected to be completed in Summer 2025 with a budget of £610,000, this being financed by existing reserves, sale of a site currently in the manse grounds, sale of the existing manse once it has been vacated and donations from the congregation. Any temporary shortfall in funds while the existing manse is being sold is expected to be met via interest-free loans from members of the congregation. At the year end £8,550 was held within restricted property funds as received for the manse building project.

During the year significant repairs were carried out to the church vestibule and the whole building was repainted in addition to general routine maintenance for the property and grounds, including Cabra Cottage.

The church continues to receive £3,160 in respect of solar panel income each year.

Organisations

  1. Boys’ Brigade – meets every Friday during school term time. Activities include teaching the bible, games, craft and outdoor expeditions. Approximately 60 members during the year.

  2. EveryWoman – normally meets once a month throughout the year and format includes talks by missionaries and other visiting speakers. Approximately 20 members.

  3. Family Room – held during church every Sunday. Up to 10 infants and toddlers come with their parents each Sunday.

  4. Flower Club - meets at various times throughout the year, including harvest, Christmas and other special events.

7

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

Organisations (cont'd)

  1. Girls’ Brigade – meets every Wednesday during school term time. Activities include teaching the bible, games, craft and drama. Approximately 110 members.

  2. Helping Hands Group – meets periodically as a fellowship group with a shared interest in knitting clothing to be donated.

  3. Home Groups – meet once a fortnight to study the bible in small groups. Approximately 100 attending on average (including Youth Cells).

  4. Legacurry Tots – meets once a week during school term time and promotes relationship building between young families in the church and the community. Approximately 10 families attending each week.

  5. Prayer ministry team meets weekly after church services to support individuals in need of prayer and regularly throughout the year to organise prayer times and resources.

  6. Sunday School – held during church every Sunday during term time. Approximately 50 attending during 2024.

  7. Table Tennis Club – meets once a week during term time. Competes in local competitions, approximately 16 members.

  8. Women’s Book Group – meet periodically to review books and have fellowship in members’ houses. Number of around 10 attending regularly.

  9. Youth Fellowship - met throughout the year with up to 40 attending.

Volunteers

The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities.

8

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

PUBLIC BENEFIT STATEMENT

The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion.

The direct benefits which flow from the 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 turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved).

Generally the above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites, and social media or in other ways.

The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public.

The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland 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 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 Commission’s public benefit requirement statutory guidance.

9

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

FINANCIAL REVIEW

The congregation’s main source of income is members’ contributions through the weekly freewill offering and collections. There were 212 contributing families during the year (226 in 2023) donating a total of £365,804 (a 3% decrease on receipts of £376,475 in 2023). There have been several movements within this decrease with the main movement being decrease of £27k donations and legacies. There was also an the increase in regular direct giving to the general fund and the missions funds of £16k.

The total income from all sources in 2024 was £415,185, an increase of 1% on 2023 (£411,851) .

Total expenditure of unrestricted funds in 2024 was £106,399 compared with £142,305 in 2023. There have been various small movements in this expenditure. The largest movement was a decrease of £38k for ministry and staff costs, the majority of which is due to our Minister retiring in September 2023. Donations to missions and charities decreased this year mainly due to the Africa Mission Projects in the previous year. Repairs, maintenance and equipment costs increased by £17k in the year - this was due to some large one off repairs including repairs to the front of the church buidling and the repainting of the whole church.

GOING CONCERN

The activities of the congregation are dependent on ongoing contributions from its members. The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report and subject to the continuing support from members to fund on an ongoing basis the congregation’s current activities and other financial commitments.

RESERVES POLICY

The Trustees have considered the level of unrestricted reserves that it is appropriate to hold taking account of current and ongoing commitments. It is the policy of the Trustees to hold at least six months normal expenditure. At the year end unrestricted reserves were £264,978, which represents a higher level of reserves. The Trustees however, consider it prudent to hold reserves at this level as the funding of its present activities is dependent of the ongoing financial support of members.

RISK REVIEW

A review of major risks has been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from members. These risks are mitigated by the Trustees, and the Congregational Committee, regularly monitoring the various activities of the congregation at stated meetings and by encouraging members in their regular giving.

10

Legacurry Presbyterian Church a Congregation of The Presbyterian Church in Ireland

TRUSTEES' ANNUAL REPORT (cont’d)

RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS

The charity trustees (who are known as the members of Kirk Session) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Northern Ireland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008 and The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Kirk Session (the trustees) at a meeting on 27 May 2025 and signed on its behalf by:

........................................... Signed: M. Hawthorne Name: Rev. Mark Hawthorne on behalf of the trustees

11

Independent examlnerfs report to the charlty tr￿tee$ ol Legacurry Congregation of the Presbyterlan Church in Ireland. I report on the accounts of Legacury Congregation of the Presbyterian Church in Ireland for the year ended 31 December 2024, which are set out on pages 13 to 28. Respectlve rnsponsibllfties of charlty trustees and examlner As the charity's trustees you are responsible for the preparatK)n of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibilty to: 1. Examine the accounts under section 65 of the Charities Act 2. Follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act 3. State whether pathular matters have come to nyy attention. Basis of independent examlnerfs report I have examined your charity &(x)unts as required under section 65 of the Charities Act and my examination was carried out in accordance wth the general Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also induded consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees conceming any such fffitters. My role is to state whether any material matters have con* to my attention giving me cause to believe: l. That accounting records were not kept in accordan￿ with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not compty with the accounting requirements of the Charities Act 4. That there is further infommtion needed for a proper understanding of the accounts to be reached. Independent examinefs 8tatsment I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in conneth'on with following the Directions of the Charity CommissN)n for Northern Ireland, I have found no matters that require drawing to your attention. Signed: Narre: Kelly Gillespie FCA Relevant professional qualification or boty. Chartered Accountants Ireland Address: 39 Church Streec Baltynahinch. Co Down, N Ireland. BT24 8AF Date". 29 May 2025 12

rry Presbyterian Church
ent of Financial Activities
e year ending 31 December 2024
Notes Unrestricted Restricted Total Total
funds funds 2024 2023
£ £ £ £
Income from:
Regular direct giving 2 197,495 75,482 272,977 256,783
Donations and legacies 3 7,805 85,022 92,827 119,692
Activities that generate income 4 700 2,235 2,935 3,872
Investment income 5 5,253 - 5,253 3,922
Organisations 6 - 26,901 26,901 19,297
Other 7 11,132 3,160 14,292 8,285
Total income 222,385 192,800 415,185 411,851
Expenditure on:
Raising funds 8 342 3,305 3,647 1,685
Charitable activities:
Central Church assessments 9 16,707 - 16,707 16,295
Ministry and support staff 10 32,030 - 32,030 69,821
Life and work 11 29,016 300 29,316 30,850
Donations to missions and charities 12 2,123 151,588 153,711 162,353
Property & equipment maintenance 13 18,334 45,736 64,070 51,623
Governance 14 7,847 235 8,082 7,319
Organisations 6 - 25,493 25,493 19,334
Total expenditure 106,399 226,657 333,056 359,280
Net income 115,986 (33,857) 82,129 52,571
Transfers between funds (199,349) 199,349 - -
Net gain on investment assets 16 - - - -
Net movement in funds (83,363) 165,492 82,129 52,571
Reconciliation of funds:
Total funds brought forward 24 348,341 537,011 885,352 832,781
Total funds carried forward 24 264,978 702,503 967,481 885,352

Legacurry Presbyterian Church Statement of Financial Activities For the year ending 31 December 2024

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

13

Legacurry Presbyterian Church Balance Sheet As at 31 December 2024

rry Presbyterian Church
e Sheet
1 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 15 428,204 281,034
Investments 16 125,000 125,000
Total fixed assets 553,204 406,034
Current assets
Debtors 17 10,410 44,528
Cash at bank and in hand 18 418,684 443,943
Total current assets 429,094 488,471
Liabilities
Creditors: Amounts falling due 19 14,817 9,153
within one year
Net current assets 414,277 479,318
Total net assets 967,481 885,352
The funds of the charity:
Unrestricted income funds 24 264,978 348,341
Restricted income funds 24 340,877 165,187
Restricted land & buildings fund 24 361,626 371,824
Total charity funds 967,481 885,352

The trustees have prepared the financial statements in accordance with The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 for circulation to the members.

The notes 1 to 25 form part of these financial statements.

Approved by the trustees on 27 May 2025

........................................... Signed: M. Hawthorne

Name: Rev. Mark Hawthorne on behalf of the trustees

14

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2024

1 Accounting policies

The principal accounting policies that have been adopted consistently throughout the year and the prior year are summarised below.

1.1 Basis of preparation

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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.

The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.

Legacurry Presbyterian Church meets the definition of a public benefit entity under FRS 102.

1.2 Fund accounting

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds are primarily from the receipt of Free Will Offerings and loose collections from the congregation.

Restricted funds comprise (a) restricted income funds and (b) restricted land and buildings fund. These are detailed below.

Restricted income funds are funds which are to be used in accordance with specific restrictions imposed by the donor. Restricted income funds are from the collection of congregational offerings to the Church's property account, the missions and charities account and for the Presbyterian Church in Ireland's (PCI) various appeals. The income received by the various church organisations is also restricted for use in the respective organisations.

Restricted land and buildings fund is the fund created on the initial recognition of the land and buildings owned by the church which have not previously been recorded. The only movement on this fund each year is the expensing of the depreciation on land and buildings and/or any fair value movements in respect of investment properties. Further details can be found at note 15.

15

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2024

1 Accounting policies (continued)

1.3 Income recognition

All income is recognised once the charity has entitlement to the income, it is virtually certain that the income will be received and the amount of income receivable can be measured reliably.

Where income received has related expenditure (as with fundraising income) the income and related expenditure are reported gross in the Statement of Financial Activities.

Regular direct giving

Regular direct giving receipts relate to offerings received from the congregation and are recognised on receipt when the church has unconditional entitlement to the income.

Donation and legacies

Donations and legacies are recognised on receipt unless otherwise notified of a settlement date. The nature of the charity as a church means that donations do not usually have conditions attached which may result in the deferral of recognising income.

Tax reclaims on donations and gifts

Income from Gift Aid (included under Regular direct giving) is included in the Statement of Financial Activities at the same time as the donation or gift to which they relate.

Investments

Interest on funds held on deposit is recognised when receivable and the amount can be measured reliably by the charity.

Gifts in kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for use by the charity are included in the Statement of Financial Activities as income when receivable.

Donated services and facilities

These are only included in income (with the equivalent amount in expenditure) where the benefit to the church is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the church of the service or facility received.

1.4 Expenditure and liabilities recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis.

1.5 Irrecoverable VAT

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

16

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2024

1 Accounting policies (continued)

1.6 Governance costs

These are shown within charitable activities and include the costs of preparation and examination of the accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

1.7 Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Assets for use by the church are capitalised if they can be used for more than one year and cost at least £2,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation is provided on all tangible fixed assets other than land at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land: No depreciation Car parks, etc.: 50 years Buildings: 50 years Fixtures, fittings & equipment: 5 years Solar panels: 20 years

1.8 Investment properties

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any gain or loss recognised in the statement of financial activities.

1.9 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

1.10 Employee benefits

The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The church pays an assessment to the Presbyterian Church in Ireland equivalent to the employer's pension contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type, providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by the board of trustees. The Presbyterian Church and the Scheme trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24% of pensionable salaries to cover accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit.

The charity recognises a cost equal to their contribution payable for the period in their statement of financial activities.

17

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2024

rry Presbyterian Church
to the Financial Statements
e year ended 31 December 2024
Regular direct giving
Unrestricted Restricted 2024
£ £ £
Recorded giving 157,340 60,181 217,521
Gift Aid 39,438 15,301 54,739
Loose collections 717 - 717
197,495 75,482 272,977
Unrestricted Restricted 2023
£ £ £
Recorded giving 151,242 53,420 204,662
Gift Aid 35,130 14,510 49,640
Loose collections 2,481 - 2,481
188,853 67,930 256,783
Donations and legacies
Unrestricted Restricted 2024
£ £ £
Gift days, special collections and donations 1,875 14,841 16,716
Gift Aid received on occasional gifts - 1,791 1,791
Legacies and Bequests 5,930 - 5,930
Burkina Faso - 19,498 19,498
South Africa - 17,625 17,625
Impande - 16,211 16,211
G. McClellan - 4,000 4,000
Morales Family - 3,839 3,839
United Appeal - - -
World Development Appeal - 7,217 7,217
Moderator's Appeals - - -
7,805 85,022 92,827
18

2 Regular direct giving

3 Donations and legacies

Legacurry Presbyterian Church Notes to the Financial Statements

For the year ended 31 December 2023

3 Donations and legacies cont'd

Donations and legacies cont'd
Gift days, special collections and donations
Gift Aid received on occasional gifts
Burkina Faso
South Africa
Impande
Africa Mission Projects 2023
G. McClellan
Morales Family
Jackie Burke
Tear Fund
United Appeal
World Development Appeal
Moderator's Appeals		 Unrestricted
Restricted
2023
£
£
£
8,450
5,662
14,112
1,194
-
1,194
-
22,421
22,421
-
10,000
10,000
-
12,788
12,788
-
48,959
48,959
-
5,000
5,000
-
2,645
2,645
-
925
925
-
250
250
-
-
-
-
1,398
1,398
-
-
-
9,644
110,048
119,692
Activities that generate income
Unrestricted Restricted 2024
£ £ £
Income from church events - - -
Sale or rental of books / CD's / DVD's etc. 700 - 700
Weddings, funerals, etc. - 1,535 1,535
Donations for use of halls - 400 400
Grave fees - 300 300
700 2,235 2,935
Unrestricted Restricted 2023
£ £ £
Income from church events 1,510 - 1,510
Sale or rental of books / CD's / DVD's etc. 452 - 452
Weddings, funerals, etc. - 650 650
Hire of halls - 400 400
Grave fees 860 - 860
2,822 1,050 3,872
19

Legacurry Presbyterian Church Notes to the Financial Statements

For the year ended 31 December 2024

5 Investment income

Bank & Building Society interest
Other investment income
Investment income for 2023 was fully unrestricted.		 Unrestricted
Restricted
2024
2023
£
£
£
£
5,233
-
5,233
3,906
20
-
20
16
5,253
-
5,253
3,922
6
Organisations' income and expenditure
Organisations 2024
EveryWoman
Bowling Club
Boys' Brigade
Girls' Brigade
Table Tennis Club
Flower Club
Parents and Toddlers
Sunday School
Youth Association		 Surplus /
Income
Expenditure
(Deficit)
£
£
£
1,593
864
729
-
-
-
7,854
6,109
1,745
9,596
6,012
3,584
-
475
(475)
-
159
(159)
351
384
(33)
1,384
496
888
6,123
10,994
(4,871)
26,901
25,493
1,408

During the year the Sunday School received a transfer of £1,000 (not included above). See note 24 for details.

Organisations 2023
EveryWoman
Bowling Club
Boys' Brigade
Girls' Brigade
Table Tennis Club
Netwise
Flower Club
Parents and Toddlers
Sunday School
Youth Association		 Surplus /
Income
Expenditure
(Deficit)
£
£
£
858
802
56
-
-
-
8,185
6,524
1,661
5,544
4,788
756
40
100
(60)
-
-
-
-
-
-
208
250
(42)
97
955
(858)
4,365
5,915
(1,550)
19,297
19,334
(37)

20

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2024

7 Other income

Other income
Rental income
Legacurry Preschool contributions
Miscellaneous income
Church weekend receipts
Solar panel income
Rental income
Legacurry Preschool contributions
Miscellaneous income
Solar panel income		 Unrestricted
Restricted
2024
£
£
£
3,200
-
3,200
600
-
600
73
-
73
7,259
-
7,259
-
3,160
3,160
11,132
3,160
14,292
Unrestricted
Restricted
2023
£
£
£
3,000
-
3,000
1,200
-
1,200
63
481
544
-
3,541
3,541
4,263
4,022
8,285
Raising funds
Unrestricted Restricted 2024
£ £ £
Fundraising and events - 3,286 3,286
Sum Up fees 3 19 22
FWO envelopes 339 - 339
342 3,305 3,647
Unrestricted Restricted 2023
£ £ £
Fundraising and events - 1,271 1,271
Sum Up fees 14 14 28
FWO envelopes 386 - 386
400 1,285 1,685
21

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2024

9 Central Church assessments

Central Ministry Fund
Communications Department
Widows of Ministers' Fund
Incidental Fund
Prolonged Disability Fund
Ministerial Development Fund
Sick Supply Fund
Church House Repairs Fund
Students' Bursary Fund
Apprenticeship Levy		 Unrestricted
Restricted
2024
2023
£
£
£
£
5,522
-
5,522
5,129
1,546
-
1,546
-
993
-
993
1,048
3,974
-
3,974
4,195
773
-
773
1,048
110
-
110
466
22
-
22
47
1,986
-
1,986
2,331
1,766
-
1,766
1,865
15
-
15
166
16,707
-
16,707
16,295

Centreal Church assessments are unrestricted each year therefore no additional breakdown of the prior year's figures is required.

10 Ministry and support staff

Minister's stipend, pension and expenses
Other Ministry and Support Staff		 Unrestricted
Restricted
2024
2023
£
£
£
£
4,493
-
4,493
51,046
27,537
-
27,537
18,775
32,030
-
32,030
69,821

Ministry and support staff costs are unrestricted each year therefore no additional breakdown of the prior year's figures is required.

11 Life and work

Life and work
Worship and Fellowship
Discipleship and Ministry
Mission and Outreach
Worship and Fellowship
Discipleship and Ministry
Mission and Outreach		 Unrestricted
Restricted
2024
£
£
£
14,212
300
14,512
4,512
-
4,512
10,292
-
10,292
29,016
300
29,316
Unrestricted
Restricted
2023
£
£
£
16,832
300
17,132
1,370
-
1,370
12,348
-
12,348
30,550
300
30,850

22

rry Presbyterian Church
to the Financial Statements
e year ended 31 December 2024
Donations to missions and charities
Unrestricted Restricted 2024
£ £ £
United Appeal - 14,100 14,100
World Development Appeal - 7,217 7,217
PCI Moderator's Appeal - - -
PCI Students' Bursary 2,123 - 2,123
Other PCI schemes - 462 462
Burkina Faso Project - 36,000 36,000
South Africa - 7,625 7,625
Impande - 22,750 22,750
Morales Family - 3,742 3,742
G. McClellan - 4,000 4,000
Other missions and charities - 55,692 55,692
2,123 151,588 153,711
Unrestricted Restricted 2023
£ £ £
United Appeal - 13,924 13,924
World Development Appeal - 1,378 1,378
PCI Moderator's Appeal - - -
PCI Students' Bursary 891 - 891
Other PCI schemes 354 - 354
Burkina Faso Project - 19,000 19,000
South Africa - 10,000 10,000
Impande - 10,000 10,000
Africa Mission Projects 2023 - 46,258 46,258
Morales Family - 2,742 2,742
Jackie Burke - 925 925
G. McClellan - 5,000 5,000
Tear Fund - 2,775 2,775
Other missions and charities - 49,106 49,106
1,245 161,108 162,353

Legacurry Presbyterian Church Notes to the Financial Statements

For the year ended 31 December 2024

12 Donations to missions and charities

13 Property and equipment maintenance

Property and equipment maintenance
Utilities
Repairs, maintenance and equipment
Insurances
Depreciation		 Unrestricted
Restricted
2024
£
£
£
13,400
-
13,400
540
32,557
33,097
4,394
-
4,394
-
13,179
13,179
18,334
45,736
64,070

23

Legacurry Presbyterian Church Notes to the Financial Statements

rry Presbyterian Church
to the Financial Statements
e year ended 31 December 2024
Property and equipment maintenance cont'd
Unrestricted Restricted 2023
£ £ £
Utilities 12,814 90 12,904
Repairs, maintenance and equipment - 16,183 16,183
Insurances 4,027 - 4,027
Depreciation - 18,509 18,509
16,841 34,782 51,623
Governance
Unrestricted Restricted 2024
£ £ £
Independent Examiner fees 288 - 288
Other professional fees - - -
Advertising, printing, etc. 4,052 - 4,052
Sundry expenses 1,975 235 2,210
Bank interest and charges 196 - 196
Presbytery fees 1,336 - 1,336
7,847 235 8,082
Unrestricted Restricted 2023
£ £ £
Independent Examiner fees 506 - 506
Other professional fees 399 - 399
Advertising, printing, etc. 4,300 - 4,300
Sundry expenses 817 166 983
Bank interest and charges 180 - 180
Presbytery fees 951 - 951
7,153 166 7,319
24

For the year ended 31 December 2024

13 Property and equipment maintenance cont'd

14 Governance

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2024

15 Fixed Assets

Cost or valuation
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 1 January 2024
At 31 December 2024		 Fixtures &
Land
Buildings
Equipment
Total
£
£
£
£
71,839
458,739
115,589
646,167
-
160,349
-
160,349
-
-
-
-
71,839
619,088
115,589
806,516
20,834
241,924
102,375
365,133
759
8,696
3,724
13,179
21,593
250,620
106,099
378,312
51,005
216,815
13,214
281,034
50,246
368,468
9,490
428,204

Land and buildings and other fixed assets have been recognised at the date of transition to FRS 102 and the Charities SORP (FRS 102). The buildings comprise the Church building, church halls, youth hall and the manse and their contents. The buildings which were built or purchased within the past 50 years have been recorded on a historical cost basis with associated accumulated depreciation based on a useful economic life of 50 years. Buildings that are older than 50 years are considered to be fully depreciated.

16 Investments

Investments consist solely of investment properties.

Value at start of year
Value at end of year		 2024
2023
£
£
125,000
125,000
125,000
125,000

A valuation of the investment property in respect of 2016 and 2017 was performed in September 2018 by Julie Gibson of McClelland Salter who is a Registered Valuer and a member of RICS. The trustees consider that the valuation at 31 December 2017 remains appropriate and have therefore not adjusted the value at 31 December 2024.

17 Debtors

Gift Aid debtor
Accrued income and prepayments		 2024
2023
£
£
9,652
43,726
758
802
10,410
44,528

25

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2024

18 Cash at bank and in hand

No. 1 account - general
No. 2 account - property
No. 3 account - missions & charities
No. 4 account - savings
Organisations' accounts balances		 2024
2023
£
£
82,621
67,936
33,378
6,847
31,300
20,997
243,010
322,196
28,375
25,967
418,684
443,943

19 Creditors

Creditors
United Appeal accrual
Other PCI accrued donations
Accrued mission expenses
Accrued property expenses
Other accrued expenses		 2024
2023
£
£
-
-
4,542
1,398
1,050
-
425
3,009
8,800
4,746
14,817
9,153

20 Staff costs and employee benefits

Staff costs and employee benefits
Gross salaries and wages
Social security costs
Minister pension costs
Ministry expenses
Staff expenses		 2024
2023
£
£
16,604
46,248
388
4,397
538
7,959
492
5,526
303
1,951
18,325
66,081

There were no employees who received total employee benefits (excluding employer pension costs) in excess of £60,000 (2023: nil).

The key management personnel of the charity, the Church, comprise the trustees (members of the Kirk Session) and the minister. The total employee benefits of the key management personnel of the Church were £4,493 (2023: £51,046).

21 Staff numbers

The average employee head count for the year was as follows:
Minister and Assistant Minister
Other staff		 2024
2023
£
£
-
1
2
2
2
3

26

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2024

22 Trustees' expenses and remuneration

There were no trustees who received expenses during the year.

There was one trustee who received remuneration during the year.

Rev. Mark Hawthorne received gross salary totalling £3,463, expenses of £492 and the Church contributed £538 to The Presbyterian Church in Ireland's Pension Scheme (2009). These amounts were for Rev. Hawthorne's services as the minister of the Church and not as a trustee. This remuneration is as determined and permitted by Kirk Session.

23 Related party transactions

Please refer to note 22 for transactions with trustees during the year.

During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland, a separate charity:

£16,707 for congregational assessments

£14,100 towards the United Appeal

£7,217 towards the World Development Appeal

£2,123 towards the Students' Bursary Fund

The congregation contributed £1,336 towards Presbytery Assessments during the year.

Other related party transactions:

Liz-Mar Cake Shop is a business whose owner, Lawrence Campbell, is a trustee of the charity. During the year the charity made purchases amounting to £493 from Liz-Mar Cake Shop.

24 Analysis of movement in charitable funds

Unrestricted income funds
Restricted income funds
Restricted land & buildings fund		 Balance at
Income
Expenditure
31/12/2024
£
£
£
£
222,385
(106,399)
264,978
192,800
(216,459)
340,877
-
(10,198)
361,626
Balance at Fund
01/01/2024 Transfers
348,341 (199,349)
165,187 199,349
371,824 -
415,185
(333,056)
967,481
885,352 -

27

Legacurry Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2024

24 Analysis of movement in charitable funds cont'd

During the year the following transfers between funds took place:

Details of each fund can be found at note 1.2.

25 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted Restricted Restricted
funds funds L&B funds Total
£ £ £ £
Tangible fixed assets - 191,578 361,626 553,204
Cash at bank and in hand 268,204 150,480 - 418,684
Other net current assets/(liabilities) (3,226) (1,181) - (4,407)
Creditors of more than one year - - - -
264,978 340,877 361,626 967,481
28