an GARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2024 Registered Charity In Northern Ireland {NIC105305)
an GARRYDUFF CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2024 including a Statement of Assets and Liabilities as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Garryduff congregation of the Presbyterian Church in Ireland 83 Garryduff Road Ballymoney Co Antrim BT53 7DF Registered Charity in Northern Ireland (NIC105305) CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were Mr Robert John Mcclements Mr John Young Mr Desmond Moore Mr Stanleyjames Lee MBE Mr William Mervyn Ferris Mr David Brian Mcconaghy Mr John Beattie Rev C Mulvenny Mr Samuel John Wilson Campbell Mr Roy Cunningham PRINCIPAL OFFICE BEARERS Clerk of Session Treasurer Mr Stanley James Lee MBE Mrs Joanne Morrison INDEPENDENT EXAMINER Mr John Mcmullan ACMA CGMA sc High Street Ballymoney BT53 8AH
an GARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) BANKERS Santander 14 The Diamond Coleraine Co Londonderry BT52 IBP SOLICITORS Thomas Taggart & Co 27 Church Street Ballymoney Co Antrim BT53 6HS STRUCTURE AND MANAGEMENT The Klrk 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 ministers in active duty in the congregation, has no deliberative but only a castin8 Vote. Stated meetings of the Kirk session are held at least five in each year or as appropriate. 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.
an GARRYDUFF CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {cont'd) 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. Garryduff congregation of the Presbyterian Church has been assigned to the Route 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 Assembly 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 representative elder appointed by the Kirk Session of each congregation. DESCRIPTION AND PURPOSE The charitable purpose of the congregation is the advancement of religion. Garryduff 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 world. The congregation's mission purposes is by the grace of God, to help people of all ages become fully devoted followers of Jesus Christ. Our vision is, by the grace of God, to be an inclusive, welcoming community of Christ's people of all ages, which: is increasingly characterised by love for God, and love and concern for others. is committed to the historic Christian gospel as revealed in the Bible. is relevant to people of this time and place.
an GARRYDUFF CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) 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 Outward 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 Catechisms set out what we understand the Bible teaches on key matters of Christian faith and practice. ACTIVITIES AND OBJECTIVES The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords 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 congre8ation holds regular bible study meetings and has a wide range of organisations including". Sunday School Mothers and Toddlers Cuppa and a chat Bowling Club Thursday Fellowship Kingdom Kids Senior Youth Presbyterian Women Cuppa and a chat Youth club
an GARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) ACHIEVEMENTS AND PERFORMANCE Worship and prayer The congregation normally meets for worship each Sunday at 12 noon. During the week, the midweek Bible Study provides an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer. There is also a prayer meeting before the Sunday service at 11.30 and a Sunday evening prayer meeting at 7.00pm. As well as our regular services during the year I child was baptised, we had I marriage service and gave thanks for faithful service and sought to comfort those who had been bereaved during the year. At 31 December 2024, there were 182 communicant members and 158 families connected with the congregation. The average week attendance at morning worship is 70. 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 committee members. Session inform the convenor of those who might benefit from a visit due to illness or otherwise. 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 student5, and financially supports congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. One of our members was supported by the congregation when she visited India in support of Children in Poverty. Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and a representative elder. This provides an important link between the congregations and the wider structures of the church. We have contributed to the Reconfiguration of Ministry Task Group / Green Paper.
an GARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) General Assembly The minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June. Property During the year, there were no major repairs or improvements to the Church property. Work started during 2022 was completed at the Manse as well as ensuring that it is ready for the new manse family when the time arrives. Satisfactory surveys were completed. Organisations Sunda School The children come to church and then after the children's talk they go out to Sunday school. There are 5 teachers involved in teaching the lesson on a rota. After the lesson the children are split into 3 different age groups and using Go teach material they discuss the lesson and complete the workbooks. There are at present 20 children on roll. Presb erian Women It meets on the second Thursday of the month Jan- March and Oct - Dec with an annual outing. It is our prayer that women may know the light of God's presence as we meet together in friendship and love. It is open to all women who wish to attend. Our attendance has remained steady with 30 members at present. The Theme for the year is Entrusted" with our health and well-being, with caring for others, with our talents etc. The "Entrusted with our health and well-being" was attended by both men and women from our own congregation who came along for a health check as well as invitations being given to and accepted by others from the local community. As a result some younger ladies started to attend pw. Mother and Toddlers This group meets every Monday morning from 9.30am 11.30am during term time. It is open to all parents with preschool children in the congregation and the surrounding community. We provide a safe area for children to play together under the supervision of their parent of guardian. Kin dom Kids This group meets in Garryduff hall every Thursday {term-time) from 6.45pm to 7.45pm. Children aged from 4 to 11 years of age come to enjoy fun, Bible stories¢ quizzes and games. The group is open to all children in the local area. Around 15 attend.
Presbyter an GARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) Thursda Club This club meets once a month in the minor hall from 2.30 pm to 4.00 pm. Various speakers are invited as well as a Quiz afternoon. Everyone comes along to enjoy fellowship over a cup of tea. In June a day trip was organised to Newcastle followed by a meal at Millside Restaurant CIou8hmills. This was very enjoyable. Around 20-25 attend each month. Bowlin club The bowling Club exists to promote friendship and enjoyment through the sport of short mat indoor bowls in our congregation and the wider community. Bowls is a sport for any age and we therefore have no age limit. We meet every Tuesday evening from 8pm to 10.30pm approximately, in the main hall, with normally 16-20 members per night. Several friendly matches are planned throughout the season with other local church bowling clubs. These are played home and away. We also have an annual dinner/prize night in May each year. Midweek This group meets on a Wednesday evening every other week in the minor Hall. On alternate weeks they meet in Dunloy who are in a linkage with Garryduff. There is a time of praise, bible study and a short time of prayer. During the vacancy we have been provided with a number of very capable speakers who have all contributed to times of good teaching and fellowship. Linda McAuley from CEF came along to speak about her work with Child Evangelism Fellowship. There are around 20 attending at present. Senior Youth The senior youth meet in the Church hall on the first Sunday evening of the month at 8pm for about an hour. The group meets for fellowship together in the form of hot chocolate and buns followed by an Bible study session looking at Bible lessons using various activities. There was a special Christmas themed night looking at the commonly told Nativity story versus the account recorded in the Bible. a and Chat This group meet every Monday morning from 10am until 12 noon for tea/coffee along with toast, pancakes, scones, banana bread, fruit loaf etc and perhaps a tray bake or biscuit. It is attended by anyone who is able to drop in. The craic is good and many different topics can be discussed. Some stay for most or all of the time while others drop in for a short time and then get back to work. Numbers vary but we could have over 20 most days. This has resulted in some starting to attend church services.
Presbyter an GARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) Youth Club The youth club restarted this year with 12 regularly attending the nights held on the 2nd Saturday in the month. They meet together for games, a short epilogue and finish with some refreshments. The year starts with a trip to the lake in Kilrea followed by food in the hall. At Christmas we had a Christmas movie night with the obligatory snacks. The use of instagram has helped to engage the members. Holida Bible Club A Holiday Bible Club was held in the last week of June for children of Primaryschool age. It concludes with a BBQ attended by parents and friends. This is a means of outreach into the local community. Volunteers The Trustees wish to acknowledge their deep appreciation of those who give freely of theirtime by serving on committees and helping with organisations and other church activities. 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 presbyterie5 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.
an GARRYDUFF CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionarie5, 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 Commissions Public benefit requirement statutory guidance. FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering. There were 107 contributors durin8 the year [2023: 109] donating a total of £53,973 (2023: £50,415). Total Income of the congregation during the year was £105,497, compared to £105,459 in the previous year. The level of income for 2024 remained at a similar level to 2023 in our goal to be given leave to call by Church house for a minister. Total expenditure decreased from £95,139 to £69,062 excluding depreciation. This decrease is due to the continued vacancy where we have not had to pay for a minister and the associated costs of national insurance and pension contributions. STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparing the annual report and the financial statements of the congregation in accordance with applicable law and generally accepted accounting practice. As the congregations total income does not exceed £250,000, the Trustees have elected under Section 64(3) of the Charities Act {Northern Ireland) 2008 to prepare a receipts and payment account and a statement of assets and liabilities. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the congregation's transactions and disclose with reasonable accuracy at any time its financial position. They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Kirk Session on I t f è, 2025 and signed on its behalf by Mr Stanley Lee MBE SZ-• 10
an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF GARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND I report on the accounts of the charity for the year ended 31 December 2024, which are set out on pages 14 to 22. Respettive responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. examine the accounts under sertion 65 of the Charities Art follow the procedures laid down in the general Directions given by the Commission under section 65(9}{b) of the Charities Act state whether particular matters have come to my attention. Basis of independent examinerfs report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern 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 included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concernin8 any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. 11
an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF GARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND (cont'd) Independent examiner's statement I have completed my examination and have no concerns in respect of the matters {1) to {4) 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. Jo John Mcmullan ACMA CIMA Chartered Management Accountant sc High Street Ballymoney BT53 6AH Date.. 12
Presbyter an GARRYDUFF CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 62,490 31,309 4,543 93,799 4,543 95,098 3,158 30 368 6,805 81 4,115 579 2,380 660 6,495 Sale of Investments Sale of fixed assets Loans Received 66,686 38,811 105,497 105,459 Total Receipts 66,686 38,811 105,497 105,459 Payments Raising funds Charitable activities 535 37,324 66 60,656 601 97,980 711 122,191 Purchase of Investments Loan Repayments 37,859 60,722 98,581 122,901 Total Payments 37,859 60,722 98,581 122,901 Net receipts / {payments) Transfers between funds 28,827 (2,486) {21,911) 2,486 6,916 (17,443) Net movement in funds Funds brought forward 26,341 45,224 {19,425) 657,225 6,916 702,449 (17.4421 719,892 Funds carried forward 12 71,565 637,800 709,365 702,449 13
Presbyter an GARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restrirted Endowment Funds Funds Total Funds 2024 Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 36,036 24,698 74,078 (7,330) 110,114 17,368 99,704 10,410 Bank and Cash at end of year 60,734 66,748 127,482 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 110,114 59,788 67,457 236 64,128 45,805 181 127,482 Other Assets Fixed Assets - Note 9 Church Premises Fixtures, Fittings & Equipment Investments Gift Aid receivable on donations Prepayment Grants 110,114 548,396 21,079 574,312 6,501 12,598 550 11,756 533 582,623 593,102 Liabilltie5 Independent Examination fee Creditor 600 140 600 167 740 767 Approved by the Kirk Session on 2g ty tr. 2025 and signed on its behalf by 14
an GARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities {Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. 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 which the endowment was established in the first place. Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific 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 funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. FIXED ASSETS The charity has the right to occupy and use for its charitable objetts certain tangible fixed assets, including the Church, hall and manse, vested in local Trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repair or maintenance of these assets is charged as resources expended in the statement of financial activities in the period in which the liability arises. All tangible fixed assets having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives: Freehold buildings 50 years Fixtures, fittings and office equipment 10 years Computer equipment 4 years 15
an GARRYDUFF CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) for the year ended 31 December 2024 DONATIONS AND LEGACIES Unrestrlcted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Recorded giving.. Freewill offering Building Fund United Appeal Harvest Easter Moderator's Appeal Earthquake Appeal PW Service Children's Day Christmas Appeal Students, Bursary Loose collettions Donations and gifts Gift Aid Legacies and bequest 53,973 53,973 5,660 4,530 6,572 4,232 5,660 4,530 6,572 4,232 50,415 4,626 4,645 5,938 4,865 585 240 682 2,764 341 637 337 341 637 337 506 1,068 175 4,562 3,195 1,574 175 12,573 3,195 1,837 5,900 11,751 850 8,011 62,490 31,309 93,799 95,098 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Income from charitable activities Graveyard fees Membership fees Organisations Fundraising events: Stew Lunch Spring Tea PW mission boxes & collections 1,000 195 362 1,000 195 362 600 100 478 982 1,268 736 982 1,268 736 1,315 665 4,543 4,543 3,158 16
an GARRYDUFF CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) for the year ended 31 December 2024 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restrirted Endowment Funds Funds Total 2024 Total 2023 Letting of premises 30 30 INVESTMENT INCOME Unrestrirted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Deposit interest 81 579 660 368 81 579 660 368 OTHER INCOME Unrestritted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Other income: Wayleave Church magazines PW Meal Trips Grant income Insurance claim Misc income Convenors fees Church repairs 358 358 616 1,456 300 616 1,456 300 364 600 2,162 2,600 118 2,310 1,329 118 2,310 1,329 456 615 4,115 2,380 6,495 6,805 17
Presbyter an GARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) for the year ended 31 December 2024 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 FWO envelopes Fundraising events 535 535 66 66 630 81 535 66 601 711 CHARITABLE ACTIVITIES Unrestrlcted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses: Worship & outreach Congregational lunches Miscellaneous Property Utilities Property upkeep Graveyard maintenance Manse repairs Insurance Depreciation Donations to Missions and charities Governance costs 4,695 410 19,353 4,695 420 19,798 10 445 8,783 420 34,049 743 6,559 7,302 8,930 2,739 2,235 2,810 1,429 4,239 2,553 113 3,490 3,981 1,268 1,394 6,043 4,094 1,268 1,394 5,055 29,604 13,528 540 5,886 7,684 296 2,595 4,670 27,762 15,538 604 5,055 648 404 540 28,956 13,124 37,324 60,656 97,980 122,191 18
an GARRYDUFF CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNT5 (cont'd) for the year ended 31 December 2024 FIXED ASSETS The congregation owns the Church premises situated at 126 Garryduff Road, Ballymoney and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,994,480 as valued by Mr lan Maconachie on behalf of Oval James on Ilth July 2014. The Church properties were revalued in December 2022 by R Davis & Company on behalf of Arthur J Gallagher at a value of £3,766,008. 10. TRUSTEE REMUNERATION AND RELATED PARTYTRANSACTIONS Mr Desmond Moore, who is a Trustee, received £332 (2023: £313) for providing his services as supply speaker during the year. Rev Campbell Mulvenny, who was a Trustee, received £6,396 (2023: £1,901} for providing his services as the Vacancy Convenor for the Congregation during the year. 19
an GARRYDUFF CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) for the year ended 31 December 2024 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Deficit) Balance at end Unrestricted Funds Freewill Offering Hill Legacy 37,408 7,816 66,605 {37,859} 81 28,746 81 (2,486) 63,669 7,897 45,224 66,686 (37,859) 28,827 {2,486} Restricted Funds Building Fund Sunday School pw Senior Youth United Appeal Easter Harvest Christmas Appeal Graveyard Ministry Outreach - Individuals Bowling Mother & Toddler Outreach - organisations Midweek Choir Kingdom Kids Thursday Club Cheers Cuppa and a chat DAERA grant Hoilday Bible Club 71,565 628,009 1,467 2,020 1,390 57 126 7,545 (37,073) {29,528} 1,145 (1,066) 79 7,708 (6,445) 1,263 (641) (641) (5,570) (294) 4,834 5,247 9,457 139 1,200 1,000 237 {4,9601 (5,2471 607,938 1,685 4,483 1,749 5,276 4,834 7,870 416 1,000 116 1,225 195 240 (2,623) (416) {1,268) (48} {1,725) (30) (149) 304 11,344 1,183 2,017 888 5,566 415 (268) 68 (500) 165 91 36 11,412 683 2,182 979 4,576 581 266 (100) (78) {136) (1,202) {668) (990) 166 (78) (136} (440} (668) 68 355 891 78 136 540 762 68 455 223 1,125 {375} (1,109) (375) (896) 213 750 896 657,225 38,811 (60,722) {21,911) 105,497 (98,581} 2,486 637,800 Total 702,449 6,916 709,365 20
an GARRYDUFF CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) for the year ended 31 December 2024 Purposes of Restrirted Funds Building Fund- Building, upkeep and maintenance of Church property Easter- Special collection that the Congregational Committee decides annually on the purpose United Appeal- Collection held annually to fulfil the obligation from Church House Ministry- Money left to the Minister of the Church to use Sunday School- The provision of bible teachings to the young people of the congre8ation PW- The running of the PW Senior Youth - The running of the Senior Youth club Bowling Club-The running of the bowling club Mother & Toddler Group- The running of the Mother & Toddler Group Junior Youth- The running of the Junior Youth Fellowship Midweek- To support mission work Holiday Bible Club - To support the outreach work to school children during the last week in June Presbyterian Children's Society- Monies collected for the PCI Children's fund Outreach (Individuals) - Monies collected to help members of the congregation with the cost of going on outreach teams Outreach (Organisations) - Monies allocated to help organisations organise events with an outreach element Graveyard - The maintenance of the graveyard Thursday Club- To support the work of the Thursday Club providing friendship for anyone who is free to meet in the afternoon. Earthquake Appeal- Collection held to help the work of Tearfund after an earthquake in Turkey and Syria. Cuppa and a Chat-The running of the group Men's Ministry- To provide fellowship to the both men from our congregation and the local community. Coronation - To celebrate the King's Coronation Daera - A restricted fund to purchase capital items in line with the letter of offer 21