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FIRST BROUGHSHANE CONGREGATION OF THE
PRESBYTERIAN CHURCH IN IRELAND
Trustees Annual Report and Financial Statements
for the year ended 31st December 2024
Registered with the Charity Commission for Northern Ireland NIC105343

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
The Trustees present their Annual Report and Financial Statements for the year ended 31st
December 2024, including a Balance Sheet as at that date.
REFERENCE AND ADMINISTRATIVE DEfAILS
First Broughshane Congregation of the Presbyterian Church in Ireland.
Address: Main Street, Broughshane, Co Antrim, BT42 4JW.
Registered Charity in Northern Ireland - NIC105343.
CHARITY TRUSTEES
The Charity Trustees who served during the year or who were trustees at the date of this
report were:
Rev Ronnie Agnew
Mr John Hamilton
Mr Tony Jackson
Mr John Knox
Mr Colin Heron
Mr Alan McRobert
Mrjohn Maybin
Mr Alan Reid
Mr John Anderson
Mr Noel Connor
Mr Richard Hood
Mr George Mcmullan
PRINCIPAL OFFICE BEARERS
Minister:
Clerk of Session:
Treasurer:
Rev Ronnie Agnew
Mr Noel Connor
Mr John Anderson

Presbyter
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
cont'd
AUDITORS
Mr Peter Stevenson F.C.A.
Senior Statutory Auditor
Stevenson & Wilson Chartered Accountants, Statutory Auditor
22-30 Broadway Avenue,
Ballymena.
BT43 7AA.
BANKERS
Danske Bank
1-2 Broadway Avenue,
Ballymena.
BT43 7PE.
SOLICITORS
McKervill Neilly
l Broadway Avenue,
Ballymena.
BT43 7AA.

Presbyter
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
cont'd
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Kirk Session
The Charity Trustees of the congregation are the members of its Kirk Session. Under the
congregation's governing document, The Code, the book of the constitution and government
of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the
spiritual interest of the congregation and of persons not connected with any congregation
who are within its bounds. It ensures pastoral care is in place in the congregation and seeks
to further the contribution of the Church to Christian witness and 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 several times each year as required.
To be chosen for the office of the eldership in the congregation a person must be a voting
member and a regular attendant at 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. Upon election, the Elders are subject to
in-house training pertinent to their role.
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 a55igned to it by the General Assembly of the
Presbyterian Church in Ireland. First Broughshane Presbyterian Church has been assigned to
the Ballymena 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.
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
cont'd
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
firstweek in June forworship and to conduct its bu5ine55. Atthe end of busines5, it is normally
dissolved. The membership of the General Assembly consists mainly of the active minister of
each congregation, retired ministers 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. First Broughshane
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 its members to play their part in fulfilling
God's mission to our world.
The congregation's mission purpose is to be a local community of God's people, who "by the
grace of God" aims to help people of all ages come to know Jesus Christ as their Lord and
Saviour and become His disciples. Our vision is to be a welcoming community of Christ's
people of all ages, which:
Is 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.
The congregation aims to live out its Mission and Vision of God's people by bein8:
A Covenant Community where our relationships are rooted in the promises of God bv
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 to share the life changing Good News
of Jesus and extend His love to others beyond the bounds of our Community.

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
cont'd
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 OBJECtIVE5
The congregation, along with any visitors, meets for worship every Sunday and this activity is
central to the life of the congregation. The congregation desires that its Sunday worship
would be a place where everyone is made welcome and is relevant to all ages.
The Sacrament of the Lord's Supper is observed at least twice during the year. 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. There were five new members admitted to the Lord's Supper
in 2024. Baptisms are administered to children of believing parents and adults upon
profession of faith. There we no baptisms in 2024.
Weekly prayer meetings are held on Sunday mornings before the service and on Wednesday
evenings.
Organisations:
The congregation has a busy pro8ramme of activities with a wide range of organisations
including:
Sunday School and Bible Class
Connect Youth Fellowship
Girls Brigade
Bowling Cub
Schools and Colleges Prayer Group
Presbyterian Women
Men Alive
Wednesday Friends
Missions Committee
Tuesday Fellowship
Alternative Praise Band
Women's Bible Study
Griefshare
Tots@First {Parent & Toddler Group)
Small Groups for Bible Study and
prayer
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Presbyter
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
cont'd
ACHIEVEMENTS AND PERFORMANCE
Worship and prayer
The congregation meets for worship each Sunday at 11.30 am, and on the second and fourth
Sunday evenings at 6.30pm. Attendance at morning worship is approximately 200 each week,
and 60 to 70 in the evening. During the week the Weekly Prayer meeting provides an
opportunity for members to meet together and unite in prayer for the church and the wider
community.
We broadcast service5 each Sunday morning on Facebook, YouTube and Church website via
our Livestream facility. DVD recordings were also made available for anyone who did not
have access to online facilities.
At 31 December 2024 there were 177 communicant members and 220 families connected
with the congregation.
Pastoral care
Members of the congregation who are unable to attend church due to sickness or age are
visited by the minister, deaconess, elders or other congregational members.
Misslon and Outreach
All of the activities referred to earlier are open to people who are not members of the
congregation.
The congregation also supports the United Appeal for Mission, which is a central fund of the
Presbyterian Church in Ireland. Thisfund 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, 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.

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FIRST BROUGHSHANE CONGREGATION OF THE pREsB￿ER1AN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
cont'd
Mission and Outreach (cont'd)
We also operate an envelope scheme administered by our Mission Committee which
allocates the proceeds to other mission partners. During the year £6,190 was paid to other
mission partners.
The congregation normally joins with other churches in Broughshane village for Easter,
Harvest and Christmas services, and on other occasions throughout the year.
Presbytery
The congregation was represented at the regular meetings of Presbytery by our minister and
one of the representative elders. This provides an important link between the congregation
and the wider structures of the church.
General Assembly
The minister and one of our elders are normally nominated to attend the meeting of the
General Assembly of the Presbyterian in Ireland which is held in Assembly Buildings, Belfast
which took place in June this year.
Property - New Hall Project
The builders, Martin and Hamilton, handed over the keys for the renovated and extended
Church Hall facility in the early part of the summer. In September the congregation held a
weekend of celebrating the completion of this project. This included a Service of Dedication
by the Moderator of the General Assembly of the Presbyterian church in Ireland, a5 well as
an Open Day when all the local community were invited to tour the new hall.
This project has enhanced the work of the existing congregational organisations with the
more flexible and comfortable facilities. It has enabled the congregation to run more than
one activity at a time, and start new ministries (Parent and Toddlerfs, Griefshare, as well as
being able to facilitate other groups from outside of the congregation.
We are incredibly grateful to Second Broughshane Presbyterian, St Patrick's Church of Ireland,
and the Community Association for all their help with alternative accommodation during the
building project.

Presbyter
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
cont'd
Meeting House
The congregation also undertook to update and enhance the Meeting House. This included
rewiring, new lightin8 (including emergency lighting), new alarm system, safety rails on the
gallery, removal of the choir box, repositioning of the organ, and re-carperting. This has made
an overall improvement to the welcoming "feel to the Meeting House, and a flexibility
required for modern services of worship.
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.
Plans for future periods
The Trustees do not envisage any change in activities in future periods. The Church is
committed to its ongoing Mission as detailed above.
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),
leadingto 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 organi5ed and delivered centrally. Local delivery is
facilitated by central resources in almost all cases. Public acce55 15 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.

Presbyter
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
cont'd
PUBLIC BENEFIT STATEMENT (cont'd)
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 mernbers, 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 Commission's Public benefit requirement statutory
guidance.
FINANCIAL REVIEW
These financial statements consolidate the income and expenditure for the General account
and the other activities of the church organisations.
The congregation's main source of income is members, contributions through the weekly Free
Will Offering. There were 220 contributing families during the year (211 in 2023} donating a
total of £111,877 (£111,364 in 2023) to the General account. In addition to this there was also
£342,417 donated to Building account (£273,153 in 20231. The Church's overall income for
2024 was £830,767 (£780,683 in 20231. The main reasons for this increase were the increased
donations and grants received towards the ongoing new hall project.
Expenditure increased from £167,462 in 2023 to £223,736 in 2024. The major item of
expenditure are costs in relation to ministry and support staff totalling £81,2141£77,202 in
2023. During the year donations to Missions and Charities of £18,378 were made (£12,982 in
20231.
At 31 December 2024 the balance sheet 15 in a healthy position with net assets of £3,209,856
{£2,599,741 in 20231. The Trustees are pleased that the financial position of the Church
remains robust as shown on the balance sheet.
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
convd
TRUSTEES, RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS
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. The Trustees are required to prepare financial statements for each financial year
which give a true and fair view of the state of affairs of the congregation and the financial
activities for that year. In preparing the financial statements the Trustees are required to:
select suitable accounting policies and then apply them consistently; and
make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the Funds will continue in operation.
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
anytime its financial position and enablethemto en5urethat the financial statement5 comply
with the Statement of Recommended Practice "Accounting and Reporting by Charities" 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.
GOING CONCERN
The activities of the congregation are dependent on on-going contributions from its members.
The Trustees are of the opinion that the congregation ha5 sufficient resources at the date of
approval of these financial statements to meet commitments, which will arise in the yearfrom
the date of signing this report and subject to the continuing support from members to fund,
on an on-going basis, the congregation's current activities and other financial commitments.
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT
cont'd
RESERVES POLICY
Total reserves of the Church amounted to £3,209,856 at the balance sheet date. This amount
15 held in unrestricted and restricted in the amounts of £128,391 and £3,081,465 respectively.
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 aim of the Trustees to hold
unrestricted reserves equating to at least 51x months normal expenditure. At the year-end
unrestricted reserves were £128,391 which is well in keeping with this policy. The Trustees
consider it prudent to hold reserves at this level as the funding of its current activities is
dependent on the ongoing financial support of it5 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 on-going financial
support from members. These risk5 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.
Approved by the Kirk Session at a meeting on 20th October 2025 and signed on its behalf by:
Rev. Ronnie Ag
Mr. Noel Connor
Position: Minister
Position: Clerk of Session
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INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF FIRST BROUGHSHANE
CONGREGATION OF THE pREsB￿ER1AN CHURCH IN IRELAND
Opinion
We have audited the financial statements of First Broughshane Presbyterian Church for the
year ended 31st December 2024 which comprise the Statement of Finance Activitie5,
Statement of Financial Position, Cash Flow Statement and notes to the financial statements,
including a summary of significant accounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice) - (Charities SORP (FRS102)1.
In our opinion, the financial statements:
give a true and fair view of the state of the charity's affairs as at 31st December 2024
and of its incoming resources and their application for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice;
have been prepared in accordance with the requirements of the Charities Act (Northern
Ireland) 2008.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK))
and applicable law. Our responsibilities under those standards are further described in the
Auditor's responsibilities for the audit of the financial statements section of our report. We are
independent of the charity in accordance with the ethical requirements that are relevantto our
audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties
relating to events or conditions that, individually or collectively, may cast significant doubt on
the charity's ability to continue as a going concern for a period of at least twelve months from
when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
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INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF FIRST BROUGHSHANE
CONGREGATION OF THE pREsB￿ER1AN CHURCH IN IRELAND (cont'd)
Other information
The trustees are responsible for the other information. The other information comprises the
information included in the annual report, otherthan thefinancial statements and our auditor'5
report thereon. Our opinion on the financial statements does not cover the other information
and, except to the extent otherwise explicitly stated in our report. we do not express any form
of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent
with the financial statements or our knowledge obtained in the audit or otherwise appears to
be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material misstatement in the
financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report for the financial year for which the financial
statements are prepared is consistent with the financial statements; and
the trustees, report has been prepared in accordance with applicable legal
reqLJirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in
the course of the audit, we have not identified material misstaternents in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Charities
Act (Northern Ireland) 2008 requires us to report to you if, in our opinion:
accounting records have not been kept by the charity, or returns adequate for our audit
have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns;
or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
131 Page

Presbyter
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INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF FIRST BROUGHSHANE
CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND (cont'd)
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement set out on page 9, the
trustees are responsible for the preparation of the financial statements and for being satisfied
that they Eive a true and fair view, and for such internal control as the trustees determine is
necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charit¢s
ability to continue a5 a going concern, disclosin& as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustee either intends to
liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Audltorfs responsibilities for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinion. Reasonable assurance is a high level of assurance,
but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect
a material misstatement when it exists.
Mi5Statements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of these financial statements.
As part of an audit in accordance with ISAS {UK), we exercise professional judgement and
maintain professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements,
whether due to fraud or error, design and perform audit procedures responsive to those
risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for
our opinion. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omi55ions, misrepresentations, or the override of internal control,
Obtain an understandingof internal control relevantto the audit in orderto design audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the internal control.
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Presbyter
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INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF FIRST BROUGHSHANE
CONGREGATION OF THE PREsB￿ERIAN CHURCH IN IRELAND (cont'd)
Auditorfs responsibilities for the audlt of the financial statements (cont'd)
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our procedures
are capable of detecting irregularities including fraud is detailed below:
We identified the laws and regulations applicable to the charity through discussion5
with trustees and key personnel, and from our own knowledge and experience of the
charitable sector. We focused on specific laws and regulations which we considered may
have a direct material effect on the financial statements orthe operations of the charity,
including the Charities Act (Northern Ireland) 2008 and taxation legislation, while also
giving consideration to data protection regulations. employment law and health and
safety legislation.
The engagement partner ensured that the engagement team collectively had the
appropriate competence, capabilities and skills to identify or recognise non-compliance
with applicable laws and regulations and the team remained alert to the p05sibility of
fraud and non-compliance throughout the audit.
We a55essed the susceptibility of the charity's financial statements to material
misstatement, including obtaining an understanding of how fraud might occur. We did
so through discussions with management as to their assessment of areas where fraud
or non-compliance might occur, as well as considering the internal controls in place to
mitigate risks of fraud and non-compliance.
In order to ascertain the extent of compliance with the laws and regulations, we made
enquiries of management as to whether there was any actual or potential litigation, we
reviewed legal correspondence, we inspected tax correspondence and we performed
analytical procedures to identify any unusual or unexpected activity.
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INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF FIRST BROUGHSHANE
CONGREGATION OF THE PRESB￿ERIAN CHURCH IN IRELAND (cont'd)
A further description of our responsibilities is available on the Financial Reporting Council's
website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's
report.
Use of our report
This report is made solely to the charity's members, as a body. Our audit work has been
undertaken so that we might state to the Charit¢s members those matters we are required to
state to them in an auditorfs report and for no other purpose. To the fullest extent permitted
by law, we do not accept or assume responsibility to anyone other than the charity and the
charity's members as a body, for our audit work, for this report, or for the opinions we have
or
Peter Stevenson
Senior Statutory Auditor
For and on behalf of:
Stevenson & Wilson Chartered Accountants, Statutory Auditor
22-30 Broadway Avenue,
Ballymena.
BT43 7AA.
Date: 20th October 2025
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Presbyter
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL AcfiviTY FOR THE YEAR ENDED 31ST DECEMBER 2024
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Total Funds
2023
Notes
Income from:
Donations and
legacies
Charita ble activities
Othertrading
activities
Investments
Other income
135,757
838
468.179
5,376
603,936
6,214
502,339
5,881
16,130
6,863
249,470
343
5,247
2,805
212.222
3,148
217,469
Total income and
endowments
142,185
688,582
830,767
780,683
Expenditure on:
Cost of raising funds
Expenditure on
charitable activities
Other expenditure
3.042
5.193
8.235
5,106
137.343
6,694
65,373
6,091
202,716
12,785
160,921
1,435
Total expenditure
147,079
76,657
223,736
167,462
Net income/(expenditure)
(4.894)
611.9Z5
607.031
613,221
Transfers between
funds
io
(59,373)
59,373
Revaluation of PCI
and NICIFC shares
14
3,077
3,084
4,963
Net movement in funds
Reconciliation of funds:
Total funds brought forward
(64,260)
674,375
610,115
618,184
192,651
2.407,090
2,599,741
1,981,557
Total funds carried fonNard
128,391
3,081,465
3,209,856
2,599,741
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FIRST BROUGHSHANE CONGREGATION OF THE pREsB￿ER1AN CHURCH IN IRELAND
BALANCE SHEET AS AT 31ST DECEMBER 2024
Unrestrirted
Funds
Restricted
Funds
Total Funds
2024
Total Funds
2023
Notes
Fixed assets
Tangible fixed assets
Investment5
13
14
71,192
154
3.507,302
93,384
3,578.494
93,538
2,206,292
90,454
Total fixed assets
71,346
3,600,686
3,672,032
2,296,746
Current assets
Debtors and prepayments
Cash at bank and in hand
15
16
21.252
40,717
71,891
209,389
93,143
250,106
145,893
633,743
Total current a55etS
61,969
281,280
343,249
779,636
Current liabilities
Creditors due within
one year
17
4.924
300,501
305,425
476,641
Total current liabilities
4,924
300,501
305,425
476,641
Net current assets/{Ilabllltles)
57.045
(19,221)
37,824
302,995
Total net assets
128,391
3,581,465
3,709,856
2,599,741
Creditors due after one
year
18
500,000
500,000
Total net assets
128,391
3.081,465
3,209,856
2,599,741
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
BALANCE SHEET AS AT 31" DECEMBER 2024 (cont'd)
Funds of the charity
Unrestricted funds
Restricted funds
19
128,391
128,391
3,081,465
192,651
2,407,090
19
3.081,465
Total charity funds
19
128,391
3,081.465
3,209,856
2,599,741
Approved by the Kirk Session at a meeting on 20th October 2025 and signed on its behalf by:
Rev. Ronnie Agnew
Mr. Noel Connor
Position: Minister
Position: Clerk of Session
191 Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
Total Funds
2024
Total Funds
2023
Cash flow from operating activities
Net incoming resources before interest received
Depreciation / loss on disposal
Revaluation of tangible fixed assets and investments
Ilncreasel/decrease in debtors
Increase/(decrease) in creditors
606,967
24,857
13,084)
52,750
328,784
611,321
19,227
{4,963)
{80,563)
342,302
Net cash inflow from incoming resources
1,010,274
887,324
Return on investments and servicing of finance
Interest received
3,148
6,863
1,013,422
894,187
Capital expenditure
Purchase of tangible fixed assets
{1,397,059) (1,310,175)
Net decrease in cash for the year
(383,637)
1415,988)
Cash and cash equivalents at the beginning of the year
633,743
1,049,731
Cash and cash equivalents at the end of the year
250,106
633,743
201 Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTESTO THE ACCOUNTS 31" DECEMBER 2024
ACCOUNTING POLICIES
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
IFRS102) {effective l January 2019>. The Charity is a public benefit entity.
The financial statements have been prepared under the historical cost convention except for
investment assets, which are shown at market value. The functional and presentational
currency is Sterling. 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.
PREPARATION OF ACCOUNTS ON A GOING CONCERN BASIS
There are no material uncertainties about the chariws abilityto continue. The accounts have
been prepared on a going concern basis.
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATION UNCERTAINTY
Estimates and judgments made in the process of preparing the financial statements are
continually evaluated and are based on historical experience and other factors, including
expectations of future events that are believed to be reasonable under the circumstances.
The Trustee does not consider that there are any critical judgments made in applying the
Trust's accounting policies or that there are any critical accounting estimates or assumptions
which may have a significant risk of causing a material adjustment to carrying amount5 of
assets and liabilities Within the next financial year.
211 Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
ACCOUNTING POLICIES (cont'd)
FUND ACCOUNTING
Restricted funds comprise 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.
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities (SOFA) 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 reliability.
{ii) Incoming resources with related expenditure
Where incoming resources have related expenditure las with fundraising income) the
incoming resources and related expenditure are reported gross in the SOFA.
(111) Grants and donations
Grants and donations are only included in the SOFA when the congregation has
unconditional entitlement to the resources.
(iv) Tax reclaims on donations and gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the
gift to which they relate.
(v} Contractual income and performance related grants
This is only included in the SOFA once the related goods or services have been delivered.
(vi) 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 bythe charity are included in the SOFA
as incoming resources when receivable.
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {conVd)
ACCOUNTING POLICIES (cont'd)
(vii) Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources
expended) where the benefit to the charity is reasonably quantifiable, measurable and
material. The value placed on these resources is the estimated value to the charity of
the service or facility received.
Iviii) Volunteer help
The value of any voluntary help received is not included in the accounts but is described
in the trustees, annual report.
(ix) Investment income
This is included in the accounts when receivable.
(x) Investment gains and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting
from revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
(xi) Llablllty recognltlon
Liabilities are recognised as soon as there is a legal or constructive obligation
committing the congregation to pay out resources.
{xii) Analysis of expenditure by activity
A separate analysis of expenditure on an activity basis has not been presented, nor
considered necessary, since all expenditure of the charity is committed to the overall
functioning of the Church.
(xiii) Governance 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.
(xiv) Grants payable
These are only recognised in the accounts when a specific commitment has been made
and communicated to a recipient and established pattern indicates that the Charity will
meet the commitment.
231 Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
ACCOUNTING POLICIES (cont'd)
(xv) Grants payable without performance conditions
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 charity.
ASSETs/(LIABILITIES)
Tangible Flxed Assets
The assets of the Church comprise:
Church buildin& stores and contents at Main Street, Broughshane
Church hall building and contents at Main Street, Broughshane
Manse at 111 Raceview Road, Broughshane
Agricultural land adjacent to 111 Raceview Road, Broughshane
Tangible fixed assets for use by the church are capitalised if they can be used for more than
one year, and cost at least £2,500. The Trustees have agreed that any fixed asset addition
with a value of less than £2,500 does not need to be shown as an asset and will simply be
written off as expenditure in the year of purchase.
The church and hall buildings, stores and contents are valued at cost or current market value,
or if gifted, at the value to the church on receipt. The manse and agricultural land are valued
at current market value. This will be reviewed on an annual basis by the Trustees.
Depreciation is recorded on all tangible fixed assets other than freehold land, at rates
calculated to write off the cost, less estimated residual value, of each asset over its expected
useful life as follows:
Church and church hall buildings
Fixtures, fittings and equipment
Computers, software and technical equipment
2% straight line
20% straight line
20% straight line
Tangible fixed assets are de-recognised on disposal or when no future economic benefits are
expected. On disposal, the difference between the disposal proceeds and the carrying
amount is recognised in the statement of financial activities.
All capital expenditure associated with the new hall project has been capitalised and
depreciation will be charged from the first full year of use by the congregation.
241page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
ACCOUNTING POLICIES (cont'd)
Investments
Investments are included in the balance sheet attheir market value at the year end.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held and other short-term highly
liquid investments with maturities of three months or less.
Financial instruments
The Church only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basis financial instruments are initially recognised at transaction price
and subsequently measured at their settlement value.
DONATIONS AND LEGACIES
Unrestrirted
Funds
Restricted
Funds
Total Total Funds
Funds 2024
2023
Recorded giving:
Donations and gifts
Gift Aid
Loose collections
112,941
19,467
3,349
391,981
76,198
504,922
95,665
3,349
420,996
78,142
3,201
135.757
468,179
603,936
502,339
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted
Total Total Funds
Funds Funds 2024
2023
Organisation grant income
Income from charitable activities
Membership fees
838
2,048
2,108
1,220
2,886
2,108
1,220
3,871
699
1,311
838
5.376
6,214
5,881
251 Page

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FIRST BROUGHSHANE CONGREGATION OF THE pREsB￿ER1AN CHURCH IN IRELAND
NOTESTO THE ACCOUNTS (convd)
OTHER TRADING ACTIVITIES
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Total Funds
2023
Fundraising events
16,130
INVESTMENTS
Unrestrirted
Funds
Restricted Total Funds
Funds
2024
Total Funds
2023
Nl Central Investment
Fund for Charities
Deposit interest
PCI General investment fund
2,641
164
2,641
503
2,638
4,222
339
343
2,805
3,148
6,863
OTHER INCOME
Unrestricted
Funds
Restricted
Total Total Funds
Funds Funds 2024
2023
Building project grant income
Contribution toward utility costs
Conacre income
Sundry income
NIE wayleave
Bequest receipts
208,098
208,098
4,200
1,200
3,938
33
238,695
4,000
I,ioo
1,145
30
4,500
4,200
1,200
2,924
1,014
33
5.247
212.222
217,469
249,470
261 Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
COST OF RAISING FUNDS
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Total Funds
2023
Events and catering
FWO envelopes
1,522
1,520
5.193
6,715
1,520
3,640
1,466
3,042
5.193
8,235
5,106
EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Total Funds
2023
Ministry and support staff
costs
Depreciation charge / loss
on disposal
Utilities
Congregational running
expenses
Donations to missions and
cha rities
General assessments
Governance costs
Stationery and teaching
materials
Presbytery fees
80.437
1,977
82,414
78,302
24,857
200
24,857
24,257
19,227
17,863
24,057
10.110
8,737
18.847
7,921
18,378
2,571
6,824
18.378
14,833
13,170
12,982
14,835
5,860
12,262
6,346
3,617
514
1,829
5,446
514
3,379
552
137.343
65,373
202.716
160,921
271Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
OTHER EXPENDITURE
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Total Funds
2023
Repairs and maintenance
6.694
6.091
12.785
1,435
6,694
6,091
12,785
1,435
10. TRANSFERS BETWEEN FUNDS
Unrestricted funds are Spent or applied at the discretion of the trustees to further any of the
charity's purposes. Unrestricted funds may be used to supplement expenditure made from
restricted funds.
11. EMPLOYEES
Number of Employees
The church had no employees duringthe year12023: none).
The minister and the deaconess of the congregation are employees of the Presbyterian
Church in Ireland, which is a separate charity and they have not been reflected in the
employee costs and average number of employees above. The congregation pays an
assessment to the Presbyterian Church in Ireland for both the minister and the deaconess.
The following amounts were paid during the year:
2024
2023
Minister stipend
Deacones5 salary
40,070
12,203
38,162
11,831
52,273
49,993
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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
12. PENSION COSTS
The minister and deaconess of the congregation are members of the Presbyterian Church in
Ireland Pension Scheme12009). 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 employer's pension contribution for the
Scheme and based on the stipend paid to the minister and the salary paid to the deaconess.
The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined
benefit type, providing defined benefits based on career average re-valued salary. The
Scheme has assets held in a separately administered fund managed by a 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 the
accrual of benefits for future service, expenses, the cost of insuring death in service benefits
and funding the scheme deficit.
The total contributions made by the congregation during the year were:
2024
2023
Contributions
12,546
11,949
291Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
13. TANGIBLE FIXED ASSETS
Buildings
and
contents
Total
Cost / Valuation
st
As at l January 2024
Additions
5,405,595
1,397,059
5,405,595
1,397,059
st
As at 31 December 2024
6,802,654
6,802,654
Depreciation
As at I" January 2024
Charge for the year
3,199,303
24,857
3,199,303
24,857
As at 31st December 2024
3,224,160
3,224,160
Net Book Value as at 31st December 2024
3,578,494
3,578,494
st
Net Book Value as at 31 December 2023
2,206,292
2,206,292
The assets of the Church comprise:
Church building, stores and contents at Main Street, Broughshane
Church hall building and contents at Main Street, Broughshane
Manse at 111 Raceview Road, Broughshane
Agricultural land adjacent to 111 Raceview Road, Brough5hane
14. INVESTMENTS
Nl Central
Investment
Fund for
Charities
PCI General
Investment
Fund
Total
Cost/valuation
As at 1st January 2024
Revaluation
90,307
3,077
147
90,454
3,084
As at 31" December 2024
93,384
154
93,538
301 Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
15.
DEBTORS AND PREPAYMENTS
2024
2023
Grant receivable
Gift Aid recoverable
Prepayments
47,887
39,414
5,842
131,332
9,349
5,212
93,143
145,893
16.
CASH AT BANKAND IN HAND
2024
2023
Bank current accounts
Bank deposit accounts
Cash in hand
244,170
5,429
507
627,372
5,265
1,106
250,106
633,743
17.
CREDITORS DUE WITHIN ONE YEAR
2024
2023
Building construction costs due
Other creditor5 and accruals
290,567
14,858
453,139
23,502
305,425
476,641
18.
CREDITORS DUE AFfER ONE YEAR
2024
2023
Other creditors and accruals
500,000
311 Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
19.
FUND BALANCES AND RECONCILIATION OF FUNDS
Fund
Balance
at start
Balance
at end
Income
Costs
Revaluation
Transfer
Unrestricted Funds
General account
192,651
142,185
147,079
159,373)
128,391
192,651
142,185
147,079
7 (59,373)
128,391
Restricted Funds
General account
Children's and Youth
Ministry account
Property and Repairs
account
15,565
15,565
59,023
59,023
4,873
4,873
531,045
24,513
13.492
542,066
New Hall Building
account
1,748,197
13,712
409
119
5,006
345
129
99,181
626,593
4,781
560
25,831
6,235
387
2,141 2,351,100
12,258
532
121
3,055
2,391
129
101,262
Missionary account
Bowling Club account
Church Choir account
G irls Brigade account
PW account
Shining Star account
Sunday School account
Tuesday Fellowship
account
(50)
6,364
3,438
7,964
1,392
{351)
3,228
2,684
3,077
{1,540)
2,395
2,966
2,934
150
2,577
Wednesday Friends
account
1,679
572
173
2,078
2,407.090
688,582
76.657
3,077
59,373 3.081,465
OVERALL TOTALS
2.599,741
830,767
223,736
3,084
3,209,856
321 Page

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FIRST BROUGHSHANE CONGREGATION OF THE PREs8￿ERlAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
19.
FUND BALANCES AND RECONCILIATION OF FUNDS (cont'd)
Analysis of closing funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Total Funds
2023
Fixed assets
Current assets
Current liabilities
Long term liabilities
71,346
61,969
(4,924)
3,600,686
281,280
(300,5011
(500,000)
3,672,032
343,249
(305,425)
(500,000)
2,296,746
779,636
(476,641)
Total funds
128,391
3,081,465
3,209,856
2,599,741
20.
RELATED PARTY TRANSAcfioNS
Rev. Ronnie Agnew is a trustee of the church. In his capacity as the minister of the
congregation he received remuneration of £40,070, and an expenses allowance of £7,036.
Pension contributions of £9,616 were also paid by the congregation in respect of him to the
Presbyterian Church in Ireland Pension Scheme (2009}. Employerfs NIC of £5,245 was paid to
the Presbyterian Church in Ireland for the minister. None of the other trustees received any
remuneration nor were any of them re-imbursed during the year for expenses they incurred
in connection with their duties.
A trustee paid conacre of £1,200 during the yearfor the renting of agricultural land belonging
to the church.
Expenditure in the Statement of Financial Activity includes the following amounts to Funds of
the General Assembly of the Presbyterian Church in Ireland, a separate charity:
Assessments
United Appeal
12,262
8,043
The congregation contributed £514 towards Presbytery Assessments during the year.
There were no other related party transactions.
331 Page

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FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
21.
CAPITAL COMMITMENTS
st
At 31" December 2024 the Church had no capital commitments. At 31 December 2023 the
Church had a capital commitment of £1.2 million in relation to the building works forthe new
hall project which were not been provided for in the accounts for that year.
341 Page