an FIR¥f BALLYMENA CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ANANOAL ACTIV17Y For the year ended 31 December 2024 Unrestrirted Funds Restrlcted Funds Total Funds 2024 Total Funds 2023 Income and Endowments fwom: Donatlons and le8acies Charftsble activities Other trading attltIeS Investments Other income 181,426 I,oii 140.195 12.236 321.621 13,247 344,197 9.159 4,143 4,352 8,346 8,365 li 530 7.003 8,895 7.014 Total Income 190013 159,964 350,777 370.197 £xpendlture on: Ralslng funds Charitable actlvitles Other expenditure 1545) 1158,881) 1545) 1277,249) 16.993) 18351 1260,1801 110,9241 {118,3681 16,993) Total expendlture Net Income 1159A26) 31.387 1125,361) 34,603 1284,7871 65,990 1271,939) 98,258 Transfers betweÈn fund5 Net mavement In funds 31387 34,603 65,990 98.258 Reconclllatlon of funds: Total fund5 brought forward Total fund$ carrled forward 210,912 242,299 1,825,188 IA59,791 2,036,100 2,102.090 1,937,842 2,036,100 12
Presbyter an Irt FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND BALANCE SHEET As at 31 December 2024 Note Unre5trlthd Funds Restrlrted Funds Total Funds 2024 Total Fund$ 2023 Flxed assets.. Tangible assets Investments Total flxed assets 12 13 1,717.958 1,717,958 12,260 1.730.218 1.717.958 11,G21 1.729,579 12.260 12.260 1.717.958 Current assets: Oebtors and prepayments Cash at bank and in hand Totsl current assets 14 15 6.000 226,419 232A19 10.520 133,754 144274 16,520 360,173 376,693 18,550 293,165 311,715 Llabllltles: Creditors: due wlthln one year 16 12,380) 12.441) 14,8211 {5,1941 Net current assets I413 371,872 306.521 Total assets less current Ilabllltles 242,299 1.859.791 2,102,090 2,036.100 Total ftet assets 242.299 I59,791 2.102,090 2,036,IlX) Funds of the charlty Unrestrlcted fund5 Restrlcted funds 17 17 242.299 242,299 1,859,791 210,912 1,825,188 I59,791 Total Charlty funds 242.299 1.859.791 2,102,090 2,036,100 Approved by the Klrk Session at a meetlng on 251h March 2025 and 51gned on its behalf by Posltlon: Minister Posltlofi: Clerk of Sesslon .fJ Rev Emer50n McDowell Colin Russell 13
an FIRST BALLYMENA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DecembÈr 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with applicable accounting standards. Whlle compllance wlth Statement of Recommended Practlce Accountin8 and Reporting by Charltie5 IFR5102) 15 not mandatory. account of the guidance contslned thereln has been taken In the preparation of these accounts. The flnanclal statements have bÈÈn prepared under the hlstorlcal cost conventlon except for Investment assets, whlch are shown at market value. The ftnanclal statements include all transactions. assets. and liabilities for which the congregatlon is responsSble In law. They do not intrude the accounts of church groups that owe thelr affillatlon to another bodyi nor those that are Informal gatherlngs of church members. PREPARATION OF ACOUNTS ON A GOING CONCERN BASIS Thè Church generally meets It5 day.to-day worklng capltal requlrements from Its annual Income. The Tru5tee5 have obtalned and revlewed cash flow forecasts for the incoming year and based on these are satisfied that the Church has resources to provlde a reasonable expectation that It can continue to meet its financlal obllgations as they fall due for the foreseeable future. Therefore. these flnanclal ststements have been prepared on a 8olng concern basls. FUND ACCOUNTING Endowment funds are funds, the capttal of whlch must be retalned efther pemianentty or at the con8fe8atlon's dlscretlon; the Income derived from the endowment is to be used either as restricted or unrestrlcted Income funds dependlng upon the purpose for whlch the endowment was establlshed In the flrst place. Restrlcted funds comprlse (al Income from endowments whlch Is to be expended only on the restricted purposes intended by the donor and Ibl rèvenue donatlons or grants for a specific con8regational activty intended by the donor. Where these funds have unspent balances. interest on thelr pooled Investment is apportloned to the Indlvldual funds on an avera8e basis. Unrestrlcted funds are Income funds whlch are to be spent on the con8re8atlon's 8enerdl purposes. Designated funds are general funds set aslde by the congregatlon for use In the futu. INCOMING RESOURCES Reco8nltlon of Incomln8 resources These are included in the Statement of Financial Activlties ISOFAI when: The congregatlon becomes entitled to the resource5. The tru5tee5 are vlrtually certaln they will reCee the resources,- and The monetary value can be measured wEth 5ufflclent rellablllty- Incomlng re50urces wlth related expendlture whe Incomlng resources have related expenditure (as with fundraisin8 income) the Incomlng resources and related expenditure are reported gross in the SOFA. Grants and donatlons Grants and donatlon5 are onty Included In the SOFA when the congreaatioft has unconditlonal entEtlement to the resources. Tax re¢lalms on donatlons and 81ft5 Incoming resources from tax reclalms are Induded In the SOFA at the 5amÉ time as the glft to whlch they relate. 14
an FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Iconvd) ACCOUNTING POLICIES {conVd) Contractual Income and perfomiance related grants This Is only Included In the SOFA once the related Eoods or 5enilces have been delivered. Glfts In klnd Glfts In klnd are aecounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in klnd for sale or distributlon are Included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included In the SOFA as Incomlng resources when receivable. Donated ser¥lces and fadlftles These are onty Included In Incoming resources Iwlth an equSvalent amount in resources expended) where the benefit to the charlty Is asonablY quantiflable, rneasuroble, and rnaterlal. The value placed on these resources is the estlmated value to the charlty of the service or facility receNed. Volunteer help The value of any voluntary help recelved Is not Included In the accounts but Is descrlbed In the trustees, annual report. Investment Income Thls Is Included in the accounts when recelvable. Investment 8alns and losses Thls Includes any galn or loss on the sale of investments and any galn or loss resultlng from revalulng Investments to market value at the end of the year. EXPENDITURE AND LIABILITIE5 Llablllty reco8nltlon Llabilltles are reco8nlsed as soon as there Is a legal ¢y construrtlve obiiiatlon commkttlng the con8re8atlon to pay out resources. Governance ccsts These Include costs of the preparatlon and examlnatlon of statutory accounts. the costs of trustee meetlngs and cost of any legal advlce to trustees on governance or constltutlonal matters. Grants wlth performance ¢ondltlons Where the charlty gives a grant wlth conditions for its payment bein8 a specific level of servlce or output to be provlded, such grants are only recognlsed in the SOFA once the recipient of the Brant has provided the specified service or output. Grant$ payable wlthout performance condlilo These are only recogn15ed in the accounts when a commitrnent has been made and there are no condltions to be met relatln8 to the 8rant which remain in the control of the charity. ASSETS Tan8lble Flxed Assets Tangible fixed a55ets for use by charity. These ?re capitalised rfthey can be used for more than one year and cost at le?5t £2,500. They are valued at cost or, rf gifted, at the value to the charity on Ceipt. No depreciation is charged in the accounts as the assets are kept In good state of repair. 15
an FIRST BALLYMENA CONGAEGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convdl ACCOUNTING POLICIES Iconvd) Investments Investments quoted on a recogn15ed stock exchange are valued at mathet value at the year end. Other investment assets are Included at trustees, best estimate of market value. DONATIONS AND LEGACIES Unrestrlrted Restrkted Funds Funds Total Funds 2024 Total Funds 2023 Recorded glvlng Loose collertlons Glft Ald 146,505 4,108 30,813 181N26 108,245 11,313 20,637 140,195 254.750 15,421 51.450 321,621 278,132 12,285 53,780 344,197 CHARITABLE AcfiviTIES Unr•strict•d Funds R•strfct•d Funds Total Funds 2024 Total Funds 2023 Income from charitable activities Publlcatlons 12.236 12,236 i.oii 13.247 8,457 702 I,oii I,oii 12.236 9,159 OTHER TRADING AcrivmES Unre$trlrted Fund$ Restrlcted Funds Totsl Fund$ 2024 Total Funds 2023 Fundraising events 4,143 4,143 INVESTMENTS Unrestrfctad Restrlrted Funds Funds Totsl Fund$ 2024 Totsl Funds Z023 Deposlt Interest General Investment fund Galn on revaluatlon 7.446 280 639 8.365 530 7,976 280 639 895 3,194 220 938 4.352 530 16
an FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {¢onVdl OTHER INCOME Unrestrittèd Restrlrted Funds Fund5 Total Funds 2024 Totsl Funds 2023 Grants ceIved Other income 7,003 7,003 li 4,500 3,846 8346 li li 7003 7,014 RAISING FUNDS Unrestrlcted Restrlrted Funds Funds Total Funds 2024 Total Funds 2023 FWO envelopes 545 545 545 835 545 835 CHARITA8LE ACTivmES Unrestrfrted Funds Restricted Fund$ Totsl Fund5 2024 Total Funds 2023 General Assembly Assessments Presbytery fees Mlnistry and support stsff costs Congre8ational runnlng expenses Donatlons to mlsslons & charities Governance costs 15,421 672 134.813 5,926 15,421 672 134.843 65,649 58,170 2.494 277,249 15,120 664 115.222 71,547 54,949 2,678 260,180 30 59,723 58.170 445 2,049 158,881 118.368 OTHER EXPENDITURE Unrestrlrted Fund$ Restrl¢ted Funds Total Funds 2024 Total Funds 2023 Repalrs and malntenance Loss on Investment revaluatlon 6,993 6,993 10,914 io 10,924 6.993 6,993 17
an FIRST 8ALLYMENA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREIAND NOTES TO THE ACCOUNTS (convd) 10. EMPLOYEES Employment Costs 2024 2023 Wages and Salaries 47,389 13,944 Number of employee$ The average number of employees during the year was 2024 2023 Average number of employees There were no employees In recelpt of employee benefits In excess ot £60,1. The minlster and the assoclate minister of the congregatlon are employees of the Presbyterian Church In Ireland, whlch Is a separate charity and they have not been reflerted in the employee costs and average number of employees above. The congregatlon pays an asse55ment to the Presbyterian Church in Ireland for both the mlnlster and the assoclate mlnister. The followlng amounts were paid durin8 the year: Total 2024 Total 2023 Mlnister stlpend Assoclate minister stipend {ceased 31 March 2024) 45,203 8,058 29,896 30,475 11. PENSION COSTS The mlnlster5 of the congregatlon are members of the Presbyterlan Church In Ireland Penslon Scheme120091. Thls Is a scheme operated by the Presbyterlan Church in Iland, a separate re81stered charlty. The cOng83ton pays an assessment to the Pre5byterlan Church in Ireland equivalent to the employerfs pension contflbutlon for the Scheme and based on the stipend pald to the mlnlster. The PbYter1aft Church in Ireland Pension Scheme (20091 Is a funded Scheme of the deflned beneflt type, providln8 dÈfined benefits based on career averaged revalued 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 fundin8 plan to ensure the Scheme is sufficiently funded to meet current and futu obligations. A formal schedule of contributlons was drawn up on 25 November 2015 wherÈby thÈ Presbyterian Church agréed to pay from 31 Decèmber 2015 contributiofts of 24% of penslonable salarles to cover the accrual of benefrts for future service, expenses. the c05t of Insuring death In servlce beneflts and funding the scheme deficit. The contributions made by the congregatlon durlng the year were: 2024 2023 Contrlbutlons 12,783 14.489 The congregation operates a defined pension contribution Scheme for its employees, which is held by an independent scheme manager. The employees have opted out of the scheme and therefore there 15 no pension charge in the Statement of Financial Activity during the year. 18
an FIRST BALLYMENA CONGREGATION OF ThE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE Accouiifs {conVd) IZ. TANGIBLE FIXED ASSETS Building and contents Total cosr OR VALUATION At l January2024 Addltlons Dlsposals At 31 Dernber 2024 1.717.958 1,717,958 1,717,958 1,717,958 DEPRECIATION At l January 2024 Charge for the year Eliminated on disposal At 31 December 2024 NET BOOK VALUE At 31 December 2024 1,717,958 1,717,958 1,717,958 1,717.958 At 31 December 2023 The assets of the Church comprlse: Church buildin& stores. and contents Church hall bullding and contents Manse at 19, Galgorm Road, Ballymen All tsnglble flxed assets are Included In the balance sheet at professlonal valuations obtained from external Independent valuers In 2021. No depreclatlon has been provlded on these assets as the current estlmated resldual value Is not less than the carryln8 value and the remaining useful Ille currently exceeds 50 years. Thls15 revlewed on an annual basls by the Trustees. 13. INVESTMENTS 2024 2023 PCI General Investment Shares In Barclays Bank 11.702 558 12,260 11.301 320 11,621 2024 2023 Value as at 1st January 2024 Galnlllossl on revoluotion Value as at 3111 December 2024 11,621 639 10,693 928 11,621 19
an FIRST 8ALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOLINTS Iconvdl 14. DEBTORS 2024 2023 Gift aid recoverable Prepayments 11,000 5,520 16,520 13,000 5,550 18,550 15. HAT BANK AND IN HAND 2024 2023 Cash In hand 360,173 360,173 293,16S 293,165 16. CREDITORS: amount$ fallin8 due wfthln ono year 2024 2023 Other credltors and deferred income Accruals 3,381 3,754 1,440 5,194 4021 17. FUND 8AiANCES Unre5trlrted Funds 2024 2023 General fund Investments Account 230,039 12,260 242,299 199,291 11,621 210,912 Restrlrted Funds 2024 2023 Mlsslonary Account Housekeeping Account Property Oevelopment Account Charltable Support Account Tots Flrst Account C8terlng Account Indoor Bowllng Club Account Flrst Grace Account Flr5t Touch Account PW Accoltnt OnThe Move ClubAccount Luncheon Club Account 713 Club Account Flrst Coffee Account Boys Brigade Account Gir15 Brigade Account Helping Hands Account 11,482 37,426 1.776.509 10.112 589 4,989 82,342 1,706,988 9.489 228 697 445 2.313 455 888 391 L884 465 907 117 4,582 6.555 4.937 2,649 1.180 1.859,791 59 4,931 5.319 4.309 1,237 492 1,825.188 20
an FIRST BALLYMENA CONGREGATION OF ThE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (coned) FUND BALANCES {conVd) Reconclllation of movement of funds Openlng balance Income Empendlture Transfers Closlng balance Unrestrlcted Funds General Fund Investments Account 199.291 11.621 210.912 190.174 639 190,813 1159,426) 230,039 12,260 242.Z99 1159A261 Restrlcted Funds Missionary Account Housekeeping Account Property Development Account Charitable Support Account Tots Flrst Account Caterln8 Account Indoor Bowllng Club Account Flrst Grace Account Flrst Touch Account PW Account On The Move Club Account Luncheon Club Account 713 Club Account Flr5t Coffee Account Boys Bri8ade Account Glrls Brl8ade Account elplng Hands Account 4.989 82,342 1,706,988 9.489 228 697 445 2.313 455 888 47,909 47,847 23,290 15.173 1.290 141.4161 147,4741 11071 114,5501 19291 11,482 37.426 1,776,509 10,112 589 145,2891 46.338 16991 11501 225 112 75 2,340 119 793 3.021 6.304 4,649 4,910 1,905 159,964 11291 15411 11251 12,3211 1601 15351 13,3701 15.0681 14,0211 13,4981 11,2171 {125,361) 391 1,884 465 907 60 1601 12001 59 4,931 5.319 4,309 1,237 492 I5.188 117 4,582 6.555 4,937 2.649 1,180 L859,791 Total 2.036.100 350,777 {284,787} 2,102,090 Analy$l$ of Gloslng funds Unrestrlrted Fund$ Ae5trkt Funds Totsl Funds 2024 Total Funds 2023 Flxed assets Current assets Current Ilabllltles Total funds 12,260 232,419 12,3801 242,299 1.717.958 144.274 (2,4411 1,859,791 1,730,218 376,693 14,8211 2,102,09D 1,729,579 311,715 15,1941 2,036.100 21
an FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUTrITS (convd) 18. Related Party Transactions RÈV Emerson McDowell is a trustee of the churth. In hls capacity as the mlnlster of the congregatlon he received remunerètlon of £45,203 and an expense5 allowance of £7,03G. RÈV Matthew Boyd was a trusteÈ of the church untll 31 March 2024. In h15 capacity as the assoclate minister of the congregation he received remuneration of £8.058 ond an expenses allowance of £1,349. Penslon contrlbutions of £10.849 and £1,934 respectively We also paid bv the congregatlon In respect of them to the Pre5byterlan Church in Ireland Pension Scheme12009). Employerfs NIC of £6,937 was pald to the PrÈsbyterian Church In Ireland for both mlnlsters. The followlng payments were made to Trustee5 in respect of relmbursement of expen5e5, James Dona8hey (£26,211, Rodney Wrlght1£242.971. Ivan McNelll I£ILKI.CLI) and Stephen Lamont1£80.481. Durlng the year the conggatIOn contributed the followlng amounts to Funds of the General Assembly of the Presbyterlan Church Sn Ireland. a separate charty: Assessments Unlted Appeal IS,421 14.100 There were no other related party transactlon 22