an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31st December 2025 Registered with the Charity Commission for Northern Ireland NIC105343
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31st December 2025, including a Balance Sheet as at that date. REFERENCE AND ADMINISTRATIVE DETAILS 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 Mrjohn Hamilton MrTonyJackson Mrjohn 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 Mrjohn Anderson
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT cont'd INDEPENDENT EXAMINER Mr James Gillespie F.C.A. Stevenson & Wilson Chartered Accountants, 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.
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT cont'd STRucfuRE, 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 COV7nected 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 it5 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 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. 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 Se55ion of each congregation.
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN 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 arting 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 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 Jesu5 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 com mitted 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 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 wo wantto sharo the life changing Good News of Jesus and extend His love to others beyond the bounds of our Community. 41Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN 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. AcfiviTIES AND OBJECTIVES 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 dmitted to the Lord's Supper. There were two new members admitted to the Lord's Supper in 2024. Bapt15m5 are administered to children of believing parents and adults upon profe55ion of faith. There was one baptism in 2025. Weekly prayer meetings are held on Sunday mornings before the service and on Wednesday evenings. Organisations: The congregation has a busy programme of activities with a wide range of organi5ation5 including: Sunday School and Bible Class Connect Youth Fellowship Girls Brigade Bowling Cub Schools and Colleges Prayer Group Presbyterian Women Men Alive Small Groups for Bible Study and prayer Wednesday Friends Missions Committee Tuesday Fellowship Alternative Praise Band Women's Bible Studv Tots@First (Parent & Toddler Group)
an 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 morningworship is approximately 200 each week, and 50 to 60 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 communitv. We broadcast services 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 2025 there were 176 communicant members and 210 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. Mission and Outreach All of the activities referred to earlier are open to people who are not members of the congregation. The congregation also support5 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 2t home and oversoas, assists congregation5 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.
an FIRST BROUGHSHANE CONGREGATION OF THE PRES8ERlAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT cont'd Mission and Outreach Icont'd) We also operate an envelope scheme administered by our Mission Committee which allocates the proceeds to other mission partners. During the year £6,900 was paid to other mission partners. The congregation normally joins with other churche5 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. 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. Plan5 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.
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN 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 Catechismsl, leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework lead5 to practical expressions of Christian beliefs and standards in the local community, such as through the care of those in need lincluding 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 resource5 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 d-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 15 related to M inisters, 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 eng8gement with and SLlPPOrt for both Christian and other secular organisations, charities and individual member5 of the public. The Kirk Session has had regard to the Commission's Public benefit requirement statutory guidance.
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT cont'd FINANCIAL REVIEW These financial statement5 consolidate the income and expenditure for the General account and the other activitie5 of the church organisations. The congregation's main source of income is members, contributions through the weekly Free Will Offering. There were 201 contribtsting families during the year12024: 2201 donating total of £117,76412024- £111.8771 to the General account. In addition to this there was also £226,699 donated to Building account12024'. £342,417). The Church's overall income for 2025 Was £400.54212024: £830,767). The new church hall building project was completed during the year ended 31st December 2024, and as 3 result the level of donations received in the 2025 year was significantly lower than that in the previous year. Expenditure decreased from £223,736 in 2024 to £200,216 in 2025. The major item of expenditure is costs in relation to unrestricted ministry and support staff c05t5 totalling £81,70212024- £81,2141. During the year donations to M issions and Charities of £22,055 were made12024.' £18,378). At 31 December 2025 the balance sheet is in a healthy position with net assets of £3,418,373 12024- £3,209,856). The Trustees are pleased that the financial position of the Church remains robust as shown on the balance sheet.
an FIRST BROUGHSHANE CONGREGATION OF THE pRE5BERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT cont'd 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 any time it5 financial position and enable them to ensure that the financial statements comply with the Statement of Recommended Practice "Accou r)ting and Reporting by Charitie5" 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 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 on-going basi5, the congregation'5 current activitie5 and other financial commitments. 10 I Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBITERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT cont'd RESERVES POLICY Total reserves of the Church amounted to £3,418,373 at the balance sheet date. This amount 15 held in unrestricted and restricted in the amounts of £124,892 and £3,293,481 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 reserve5 equating to at least six months normal expenditure. At the year-end unrestricted reserves were £124,892 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 its members. RISK REVIEW A review of major risks ha5 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 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. th Approved by the Kirk Session at a meeting on 13 June 2026 and signed on its behalf by: Rev. Ronnie Agnew Mr. Noel Connor Position.. Minister Position.. Clerk of Session 111 Page
an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND I report on the accounts of First Broughshane Presbyterian Church for the year ended 31st December 2025, which are set out on pages 13 to 30. Respectlve responslbilitles of charlty trustees and examiner As the charitws trustees you are responsible for the preparation of the accounts in accordance with the Charities Act INorthern Ireland) 2008. It 15 my responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given hy the Commission under section 6519llbl 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 0* 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 6519llbl 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 explanation5 from you as charity trustees concerning 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 con)ply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understandinE of the accounts to be reached. Independent examinerfs ststement I have completed my examination and have no concerns in respect of the matters111 to141 liste(J 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. mesG spie IF.C.A.I Stevenson and Wi150n 22-30 Broadway Avenue Ballymena BT43 7AA Chartered Accountants Date.. 13th June 2026
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31" DECEMBER 2025 Unrestricted Funds Restricted Funds Total Funds 2025 Total Funds 2024 Notes Income from: Donations and legacies Charitable activities Investments Other income 133,403 261,523 10,098 3,005 18,410) 394,926 10,098 3,129 {7,611) 603,936 6,214 3,148 217,469 124 799 Total income and endowments 134,326 266,216 400,542 830,767 Expenditure on: Cost of raising funds Expenditure on charitable activities Other expenditure 2.499 4,737 7,236 8,235 126,685 9,409 54,883 2,003 181,568 11,412 202,716 12.785 Total expenditure 138,593 61,623 200,216 223,736 Net income/lexpenditurel (4,2671 204,593 200,326 607,031 Transfers between funds 775 {775> Revaluation of PCI and NICIFC shares 13 {7) 8,198 8,191 3,084 Net movement in funds Reconciliation of funds: Total funds brought forward {3,4991 212,016 208,517 610,115 128,391 3,081,465 3,209,856 2.599.741 Total funds carried forward 124,892 3,293,481 3,418,373 3,209,856 131 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31- DECEMBER 2025 Unrestricted Funds Restricted Funds Total Funds 2025 Total Funds 2024 Note5 Fixed assets Tangible fixed assets Investments 12 13 71,192 147 3,492,326 101,582 3,563,518 101,729 3,578,494 93,538 Total fixed assets 71,339 3,593,908 3.665,247 3.672,032 Current assets Debtors and prepayments Cash at bank and in hand 14 26,943 28,224 27,381 141,532 54,324 169,756 93,143 250,106 15 Total current assets 55,167 168,913 224,080 343,249 Current liabilities Creditors due within one year 16 1,614 169,340 170,954 305,425 Total current liabilities 1,614 169,340 170,954 305,425 Net current assets/{liabilities} 53,553 (4271 53,126 37,824 Total net a55et5 124,892 3,593,481 3.718,373 3,709,856 Creditors due after one year 17 300,000 300,000 500,000 Total net assets 124,892 3,293,481 3,418,373 3,209,856
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND ST BALANCE SHEET AS AT 31 DECEMBER 2025 {cont'dl Vnrestrirted Funds Restricted Funds Total Funds 2025 Total Funds 2024 Notes Funds of the charity Unrestricted funds Restricted funds 18 18 124,892 124,892 3,293,481 128,391 3,081,465 3,293,481 Total charity funds 18 124,892 3,293,481 3.418,373 3,209,856 Approved by the Kirk Session at a meeting on 13th June 2026 and signed on its behalf by.. Rev. Ronnie Agnew Mr. Noel Connor Position- Minister Position.. Clerk of Session 151Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND CASH FLOW STATEMENT FOR THE YEAR ENDED 315f DECEMBER 2025 Total Funds 2025 Total Funds 2024 Cash flow from operating artivities Net incoming resources before interest received Depreciation/los5 on disposal Revaluation of tangible fixed assets and investments Decrease in debtors IDecreasel/increase in creditors 205,388 23,993 {8,191) 38,819 (334,471) 606,967 24,857 13,0841 52,750 328,784 Net cash loutflow)/inflow from incoming resources {74,462) 1,010,274 Return on investments and servicing of finance Interest received 3,129 3,148 (71,333) 1,013,422 Capital expenditure Purchase of tangible fixed assets (9,017) 11,397,059) Net decrease in cash forthe year (80,350) 1383,6371 Cash and cash equivalents at the beginning of the year 250,106 633,743 Cash and cash equlvalents at the end of the year 169,756 250,106 161 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31st DECEMBER 2025 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 {FRS1021 leffective 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 charity's ability to 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 amounts of assets and liabilitie5 Wlthin the next financial year. 171 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'dl ACCOUNTING POLICIES Icont'dl 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 purpose5. Designated funds are general funds set aside by the congregation for use in the future. INCOMING RESOURCES Recognition of Incornlng resources These are included in the Statement of Financial Activities ISOFAI when: the congregation becomes entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability. {ii) Incorning 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. (iii) Grant5 and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlernent to the resources. (iv) Tax reclaims on donations and gifts Incom ing 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 service5 have been delivered. (vil Glfts In klnd 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 SOFA as incoming resources when receivable. 181 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBIER1AN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) ACCOUNTING POLICIES (cont'd) (viil 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. {viii) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. lix) Investment income This is included in the accounts when receivable. Ixl 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 {xll Liability recognltion Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. Ixii} Analysis of expenditure by attivity A separate analy515 of expenditure on an activity ba515 has not been presented, nor considered necessary, since all expenditure of the charity is committed to the overall functioning of the Church. Ixiii) Governance costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and c05t of any legal advice to trustees on governance or constitutional matters. Ixivl Grants payable These are only recogni5ed 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. 191 Page
an FIRST BROUGHSHANE CONGREGATION OF THE pRE5BERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'dl ACCOUNTING POUCIES {conVd) (xv) Grants payable without performance conditions These are only iecognised in the accounts when a commitment has been made and there ar¢ no conditions to be mct relating to the grant which rcTnaTn in thc control of the ehatity. ASSETS/{LIABILITIES) Tangible Fixed Assets 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, 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 a5 an asset and will simply be written off as expenditure in the year of purchase. The church and hall buildin&s, 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 rate5 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 20Yo 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. 20IPage
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) ACCOUNTING POLICIES Icont'd} Investments Investments are included in the balance sheet at their 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 Unrestricted Fund5 Restricted Total Total Funds Fund5 Funds 2025 2024 Recorded giving: Donations and gifts Gift Aid Loose collection5 118,099 11,890 3,414 249,755 11,768 367,854 23,658 3,414 504,922 95,665 3,349 133,403 261,523 394,926 603,936 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total Total Funds Funds 2025 2024 Organi5ation grant income Income from charitable activities Membership fees 4,210 4,658 1,230 4,210 4,658 1,230 2,886 2,108 1,220 10,098 10,IYJ8 6,214 211 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBITERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'dl INVESTMENTS Unrestricted Funds Restricted Total Funds Funds 2025 Total Funds 2024 N I Central Investment Fund for Charities Dep051t interest PCI General investment fund 2,878 127 2,878 247 2,641 503 120 124 3,005 3,129 3,148 OTHER INCOME Unrestricted Fund5 Restricted Funds Total Total Funds Funds 2025 2024 Building project grant income Contribution toward utility costs Conacre income Sundry income NIE wayleave Graves {10,165) {10,165) 208,098 4,200 1,200 3,938 33 1,200 555 1,200 870 34 450 315 34 450 799 (8,410) {7,611) 217,469 COST OF RAISING FUNDS Unrestrirted Funds Restricted Total Funds Funds 2025 Total Funds 2024 Events and catering FWO envelopes I,iio 1,389 4,737 5,847 1,389 6.715 1,520 2,499 4,737 7,236 8,235 221Page
an FIRST BROUGH5HANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'dl EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Funds Restricted Total Funds Funds 2025 Total Funds 2024 Ministry and support staff costs Depreciation charge / loss on disposal Utilities Congregational running expenses Donations to missions and charities General assessment5 Governance costs Stationèry and teaching materials Presbytery fees 81,702 1,450 83,152 82,414 23,993 23,993 22,950 24,857 24,257 22,950 2,101 4,904 7,005 18,847 22,055 1,392 317 22,055 13,462 3,369 18,378 14,833 13,170 12,070 3,052 4,275 535 772 5,047 535 5,446 514 126,685 54,883 181,568 202,716 OTHER EXPENDITURE Unrestrftted Funds Restrlcted Total Funds Funds 2025 Total Funds 2024 Repairs and maintenance 9,409 2,003 11,412 12,785 TRANSFERS BETWEEN FUNDS Unrestricted funds are spent or applied at the discretion of the trustees to further any of the charit¢s purposes. Unrestricted funds may be used to supplement expenditure made from restricted funds.
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE AccouDifs Icont'd) 10. EMPLOYEES Number of Employees The church had no employees during the year12024: none}. The minister and the deaconess of the congregation are employee5 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: 2025 2024 Minister stipend Deaconess salary 41,473 12,630 40,070 12,203 54,103 52,273 241 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 11. PENSION COSTS The minister and deaconess of the congregation are member5 of the Presbyierian Church in Ireland Pension Scheme120091. This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employer'5 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 {20091 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 tnanaged 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 3 1 December 2015 contributions of 17.5°A of pensionable salaries12024.' 24Y,I to cover the accrual of benefits for future service, expenses, the cost of in5urin8 death in service benefits and funding the scheme deficit. The total contributions made by the congregation during the year were: 2025 2024 Contributions 9,468 12,546 251 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVd} 12. TANGIBLE FIXED ASSETS Buildings and contents Total Cost / Valuation As at I" January 2025 Additions 6,802,654 9.017 6,802,654 9,017 As at 315t December 2025 6,811,671 6,811,671 Depreciation A5 at I, January 2025 Charge for the year 3,224,160 23,993 3,224,160 23,993 As at 31" Decernber 2025 3,248,153 3,248,153 st Net Book Value a5 at 31 December 2025 3,563,518 3,563,518 Net Book Value as at 31, December 2024 3,578,494 3.578.494 The assets of the Church comprise- Church building, stores and content5 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 13. INVESTMENTS Nl Central Investment Fund for Charities PCI General Investment Fund Total Cost/valuation As at I, January 2025 Revaluation 93,384 8,198 154 171 93,538 8.191 As at 31" December 2025 101,582 147 101,729 261 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'dl 14. DEBTORS AND PREPAYMENTS 2025 2024 Grant receivable Gift Aid recoverable Prepayments 47,887 39,414 5,842 48,103 6,221 54,324 93,143 15. CASH AT BANK AND IN HAND 2025 2024 Bank current accounts Bank deposit accounts Cash in hand 161,369 5,549 2,838 244,170 5,429 507 169,756 250,106 16. CREDITORS DUE WITHIN ONE YEAR 2025 2024 Build ing construction costs due Other creditors and accruals 57,333 113,621 290,567 14,858 170,954 305,425 17. CREDITORS DUE AFTER ONE YEAR 2025 2024 Other creditors and accruals 300,000 500,000 271 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'dl 18. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at start Balance at end Income Costs Revaluation Transfer Unrestricted Funds General account 128,391 134,326 138,593 171 775 124,892 128,391 134,326 138,593 (71 775 124,892 Restrlcted Funds General account Children's and Youth Ministry actount Property and Repairs account 59,023 13,475 13,475 59.023 4,873 14,8731 542,066 {301 8,970 12.0001 531.066 New Hall Building account 2,351,100 12,258 532 121 3,055 2,391 129 101,262 227,707 3,069 2,520 17,172 6,943 1.553 3,250 2,564,885 8,384 999 Missionary account Bowling Club account Church Choir account Girls Brigade account PW account Shining Star account Sunday School account Tuesday Fellowship account 15001 11261 8,292 3,366 5.368 2.241 5,979 2,816 129 114.780 17001 3,337 2,390 8,198 4,373 2,577 3,624 3.311 151 3,041 Wednesday Frierbds account 2,078 851 200 13501 2,379 3,081,465 266,216 61,623 8,198 (775) 3,293,481 OVERALL TOTALS 3,209,856 400,542 200,216 8,191 3,418.373 281 Page
an FIRST BROUGHSHANE CONGREGATION OF THE pRE5BERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 18. FUND BALANCES AND RECONCILIATION OF FUNDS (convdl Analysis of closing funds Unrestricted Funds Restricted Total Funds Funds 2025 Total Funds 2024 Fixed assets Current assets Current liabilities Long term liabilities 71,339 55,167 11,6141 3,593,908 168,913 (169,3401 (300,000) 3,665,247 224,080 (170,9541 (300,0001 3,672,032 343,249 1305,4251 1500,0001 Total funds 124,892 3,293,481 3,418,373 3,209,856 19. RELATED PARTY TRANSAcfioNS Rev. Ronnie Agnew is a trustee of the church. In hi5 capacity as the minister of the congregation he received remuneration of £41,473, and an expenses allowance of £7,388. Pension contributions of £7,258 were also paid by the congregation in respect of him to the Presbyterian Church in Ireland Pension Scheme120091. Employer's N IC of £6,306 was paid to the Presbyterian Church in Ireland for the minister. None of the other tru5tee5 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 year for the renting of agricultural land belonging tothe 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 12,070 8,387 The congregation contributed £535 towards Presbytery Assessments during the year. There were no other related party transactions. 291 Page
an FIRST BROUGHSHANE CONGREGATION OF THE PREsB}ER1AN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 20. CAPITAL COMMITMENTS At 315t December 2025 the Church had no capital commitments12024.' none). 301 Page