. Presbytemenaly,
|
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY
For the year ended 31 December 2025
==> picture [438 x 305] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Note|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Funds|Funds|2025|2024|
|£|£|£|£|
|Income|and|Endowments|
|from:|
|Donations and|legacies|2|198,597|136,695|335,292|321,621|
|Charitable|activities|3|898|15,087|15,985|13,247|
|Other trading|activities|4|-|-|-|-|
|Investments|5|10,790|648|11,438|8,895|
|Other income|6|158|3,600|3,758|7,014|
|Total|income|210,443|156,030|366,473|350,777|
|Expenditure|on:|
|Raising funds|7|(530)|-|(S30)|(545)|
|Charitable|activities|8|(148,297)|(141,784)|(290,081)|{277,249}|
|Other expenditure|9|-|(5,490)|(5,490)|(6,993}|
|Total expenditure|(148,827)|(147,274)|(296,101)|(284,787)|
|Net|Income|61,616|8,756|70,372|65,990|
|Transfers between funds|17|(iii)|6,295|(6,295)|-|-|
|Net movement|in funds|67,911|2,461|70,372|65,990|
|Reconciliation|of funds:|
|Total|funds|brought forward|242,299|1,859,791|2,102,090|2,036,100|
|Total funds|carried forward|310,210|1,862,252|2,172,462|2,102,090|
----- End of picture text -----
11
.
. .
:
.
Presbyter an
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
BALANCE SHEET
As at 31 December 2025
==> picture [454 x 326] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Note|Unrestricted|Restricted|Tota!|Funds|Total|Funds|
|;|Funds|Funds|‘2025|2024|
|£|£|£|£|
|Fixed|assets:|
|Tangible|assets|12|-|1,717,958|1,717,958|1,717,958|
|Investments|13|12,318|-|12,318|12,260|
|Total|fixed|assets|12,318|1,717,958|1,730,276|1,730,218|
|Current|assets:|
|Debtors and|prepayments|14|7,000|11,460|18,460|16,520|
|Cash|at bank and|in|hand|15|293,932|136,486|430,418|360,173|
|Total current assets|300,932|147,946|448,878|376,693|
|Liabilities:|
|Creditors:|due within one year|16|(3,040}|(3,652}|(6,692)|(4,821)|
|Net current|assets|297,892|144,294|442,186|371,872|
|Total|assets|less|current|liabilities|310,210|1,862,252|2,172,462|2,102,090|
|Total|net assets|310,210|1,862,252|2,172,462|2,102,090|
|Funds of the|charity|.|
|.|Unrestricted|funds|;|17|310,210|-|310,210|242,299|
|Restricted|funds|17|-|1,862,252|1,862,252|1,859,791|
|Total|charity funds|310,210|1,862,252|2,172,462|2,102,090|
----- End of picture text -----
Approved by the Kirk Session at a meeting on 24** March 2026 and signed on its behalf by
Position: Minister
€ Rev Emerson McDowell
Position: Clerk of Session
==> picture [210 x 65] intentionally omitted <==
----- Start of picture text -----
. ;
;
Colin Russell
----- End of picture text -----
.
12
,
|
Presbytetitn
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS 31 December 2025
- ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with applicable accounting standards. While compliance with Statement of Recommended Practice Accounting and Reporting by Charities (FRS102) is not mandatory, account of the guidance contained therein has been taken in the preparation of these accounts.
The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets, and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.
PREPARATION OF ACOUNTS ON A GOING CONCERN BASIS
.
_ The Church generally meets its day-to-day working capital requirements from its annual income. The Trustees have obtained and reviewed cash flow forecasts for the incoming year and based on these are satisfied that the Church has resources to provide a
reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore, ; these financial statements have been prepared ona going concern basis. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation’s discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (a} income from endowments which is to be expended only on the restricted purposes intended by the . donor and (b) revenue donations or grants for a specific congregational activity.intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average 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: e The congregation becomes entitled to the resources; ® The trustees are virtually certain they will receive the resources; and e The monetary value can be measured with sufficient reliability. Incoming resources with related expenditure Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SoFA. , Grants and donations :
Grants and donations Grants and donations are only included in the SoFA when the congregation has unconditional entitlement to the resources.
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.
13
,
Presbyteftn
,
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d}
==> picture [2 x 2] intentionally omitted <==
----- Start of picture text -----
:
----- End of picture text -----
ACCOUNTING POLICIES (cont’d}
Contractual income and performance related grants . This is only included in the SoFA once the related goods or services have been delivered.
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 sale or distribution 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 incoming resources when receivable.
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.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income This fs included in the accounts when receivable.
==> picture [2 x 2] intentionally omitted <==
----- Start of picture text -----
.
----- End of picture text -----
Investment gains and losses
,
This includes any gain or toss on the sale of investments and any gain or loss resulting from revatuing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES :
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources.
~ Governance costs These include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
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
Tangible Fixed Assets
,
Tangible fixed assets for use by charity. These are capitalised if they can be used for more than one year and cost at least £2,500. They are valued at cost or, if gifted, at the value to the charity on receipt. No depreciation is charged in the accounts as the assets are kept in good state of repair.
==> picture [2 x 2] intentionally omitted <==
----- Start of picture text -----
:
----- End of picture text -----
14
|
Presbytefien
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont’d)
ACCOUNTING POLICIES (cont’d)
‘
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees’ best estimate of market value.
2. DONATIONS AND LEGACIES
| Unrestricted | RestrictedFunds | TotalFunds | TotalFunds | ||
|---|---|---|---|---|---|
| ‘ | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Recorded giving | 160,934 | 105,800 | 266,734 | 254,750 | |
| Loose collections | 4,640 | 11,209 | 15,849 | 15,421 | |
| GiftAid | 33,023 | 19,686 | 52,709 | 51,450 | |
| 198,597 | 136,695 | 335,292 | 321,621 |
3. CHARITABLE ACTIVITIES
| Unrestricted | Restricted Funds | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | |
| Incomefrom charitable activities | - | 15,087 | 15,087 | 12,236 |
| Publications | 898 | - | 898 | 1,011 |
| 898 | 15,087 | 15,985 | 13,247 |
4. OTHER TRADING ACTIVITIES
| Unrestricted | RestrictedFunds | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | 2024 | |||
| £ | £ | £ | £ | ||
| Fundraisingevents | : | - | : | ee | |
| 5. | INVESTMENTS |
.
| Unrestricted | Restricted Funds | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | |
| Deposit interest | 10,444 | 648 | 11,092 | 7,976 |
| General investmentfund | 288 | - | 288 | 280 |
| Gain on revaluation | 58 | - | 58 | 639 |
| 10,790 | 648 | 11,438 | 8,895 |
15
Presbyteteno
,
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH JN IRELAND
;
NOTES TO THE ACCOUNTS (cont’d}
- OTHER INCOME
==> picture [455 x 426] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Funds|Total|Funds|Total|Funds|
|Funds|2025|2024|
|£|J|€£|£|£|
|Grants|received|-|3,600|3,600|7,003|
|Other income|158|-|158|il|
|158|3,600|3,758|7,014|
|7.|RAISING|FUNDS|
|Unrestricted|Restricted Funds|Total|Funds|Total|Funds|
|Funds|2025|2024|
|£|£|£|£|
|FWO envelopes|530|-|-|530|545|
|530|-|530|545|
|8.|CHARITABLE|ACTIVITIES|
|Unrestricted|Restricted|Funds|Total|Funds|Total|Funds|
|Funds|2025|2024|
|£|F|£|£|
|General Assembly Assessments|15,220|-|15,220|15,421|
|Presbytery fees|704|-|704|672|
|Ministry and|support|staff costs|122,189|16,671|138,860|134,843|
|Congregational|running|expenses|7,122|69,094|76,216|65,649|
|Donations|to|missions &|charities|-|55,572|$5,572|58,170|
|Governance|costs|3,062|447|3,509|2,494|
|148,297|141,784|290,081|277,249|
|9.|OTHER|EXPENDITURE|:|
|Unrestricted|Restricted|Funds|Total|Funds|Total|Funds|
|Funds|2025|2024|
|£|£|£|£|
|Repairs and maintenance|-|5,490|5,490|6,993|
|-|5,490|5,490|6,993|
----- End of picture text -----
;
16
a
Presbytefiin
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont’d}
10. EMPLOYEES Employment Costs
==> picture [447 x 131] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Wages and|Salaries|62,863|47,389|
|Number|of employees|
|The|average|number of employees|during the year was|
|2025|2024|
|Average|number|of employees|4|4|
----- End of picture text -----
There were no employees in receipt of employee benefits in excess of £60,000.
The minister of the congregation is an employee of the Presbyterian Church in Ireland, which is a.separate charity, and these costs 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 the minister. The following amounts were paid during the year:
==> picture [441 x 54] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Total|Total|
|2025|2024|
|£|£|
|Minister stipend|46,785|45,203|
|Associate|minister|stipend|(ceased|31|March|2024)|-|8,058|
----- End of picture text -----
- PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in lreland Pension Scheme (2009). 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. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type, providing defined benefits based on career averaged revalued 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 contributions made by the congregation during the year were:
2025 2024 £ £ Contributions 8,187 12,783 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 is no pension charge in the Statement of Financial Activity during the year. :
17
| Presbyteten
,
.
:
;
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont’d}
12. TANGIBLE FIXED ASSETS
==> picture [443 x 238] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Building|and|Total|
|contents|
|£|£|
|COST OR VALUATION|
|At|1 January 2025|1,717,958|1,717,958|
|Additions|-|-|
|Disposals|-|-|
|At 31 December 2025|1,717,958|1,717,958|
|DEPRECIATION|
|At|1 January 2025|-|-|
|Charge|for the|year|-|-|
|Eliminated on|disposal|-|_|
|At 31|December 2025|-|-|
|NET BOOK VALUE|
|At 31 December 2025|1,717,958|1,717,958|
|At 31|December 2024|1,717,958|1,717,958|
|The|assets|of the|Church|comprise:|
----- End of picture text -----
e = Church building, stores, and contents « = Church hail building and contents ¢ Manse at 19, Galgorm Road, Ballymena
All tangible fixed assets are included in the balance sheet at professional valuations obtained from external independent valuers in 2021. No depreciation has been provided on these assets as the current estimated residual value is not less than the carrying value and the remaining useful life currently exceeds 50 years. This is reviewed on an annual basis by the Trustees.
==> picture [446 x 153] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|13.|INVESTMENTS|,|
|2025|2024|
|£|£|
|PCI|General|Investment|11,327|11,702|
|Shares|in|Barclays|Bank|991|558|
|12,318|12,260|
|:|2025£|2024£|
|Value|as|at|15t January 2025|12,260|11,621|
|Gain|on|revaluation|58|639|
|Value as at 31** December 2025|12,318|12,260|
----- End of picture text -----
18
. Presbytel[an]
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
14. DEBTORS
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Giftaid recoverable | , | 13,000 | 11,000 | |
| Prepayments | 5,460 | 5,520 | ||
| 18,460 | 16,520 | |||
| 15. | CASHATBANKAND 1N HAND | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Cash in hand | 430,418 | 360,173 | ||
| 430,418 | 360,173 | |||
| 16. | CREDITORS: amountsfallingduewithinoneyear | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Othercreditorsand deferred income | 4,652 | 3,381 | ||
| Accruals | 2,046 | 1,440 | ||
| 6,692 | 4,821 |
16. CREDITORS: amounts falling due within one year
17. FUND BALANCES
| {i) Unrestricted Funds |
||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Generalfund | 297,892 | 230,039 | ||
| Investments Account | 12,318 | 12,260 | ||
| 310,210 | 242,299 | |||
| (ii) Restricted Funds |
||||
| 2025 | 2024 | |||
| ‘ | £ | £ | ||
| MissionaryAccount | 19,566 | 11,482 | ||
| . | Housekeeping Account | 13,661 | 37,426 | |
| PropertyDevelopmentAccount | 1,802,189 | 1,776,509 | ||
| Charitable SupportAccount | 3,670 | 10,112 | ||
| Tots FirstAccount | 992 | 589 | ||
| IndoorBowling ClubAccount | 111 | 391 | ||
| FirstGraceAccount | 1,915 | 1,884 | ||
| FirstTouch Account | 291 | 465 | ||
| PWAccount | 606 | 907 | ||
| OnThe Move ClubAccount | 10 | 6 | ||
| Luncheon ClubAccount | 160 | 147 | ||
| 713 ClubAccount | 3,136 | 4,582 | ||
| FirstCoffeeAccount | 8,249 | 6,555 | ||
| Boys BrigadeAccount | 3,618 | 4,937 | ||
| Girls Brigade Account | 3,626 | 2,649 | ||
| HelpingHandsAccount | 201 | 1,180 | ||
| Coffee HubAcount | 251 | - | ||
| ~ | 1,862,252 | 1,859,791 |
19
|
,
==> picture [136 x 44] intentionally omitted <==
----- Start of picture text -----
y
Sv
Presbyterian
----- End of picture text -----
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont’d}
==> picture [2 x 1] intentionally omitted <==
----- Start of picture text -----
;
----- End of picture text -----
FUND BALANCES (cont'd)
(iii) Reconciliation of movement of funds
==> picture [445 x 330] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Opening|Income|Expenditure|Transfers|Closing|
|batance|balance|
|£|£|£|£|£|
|Unrestricted|Funds|
|General|Fund|230,039|210,385|(148,827)|6,295|297,892|
|Investments Account|12,260|58|-|-|12,318|
|242,299|210,443|{148,827}|_|6,295|310,210|
|Restricted|Funds|
|Missionary Account|11,482|44,561|(36,227)|(250)|19,566|
|Housekeeping Account|37,426|46,456|(70,571)|350|13,661|
|Property|Development Account|1,776,509|25,770|(90)|-|1,802,189|
|Charitable|Support Account|10,112|15,363|(15,760)|(6,045)|3,670|
|Tots|First Account|589|1,429|(1,026)|-|992|
|Indoor|Bowling|Club Account|391|210|(340)|(150}|1i1|
|First Grace Account|1,884|60|{29)|-|-|1,915|
|First Touch Account|465|100|(379)|105|291|
|PW Account|907|3,037|(3,338)|-|606|
|On The|Move|Club Account|6|109|-|(105)|10|
|Luncheon|Club Account|117|816|(573)|(200)|160|
|713|Club Account|4,582|1,900|(3,346)|-|3,136|
|First Coffee Account|6,555|5,789|(4,095)|-|8,249|
|Boys|Brigade Account|4,937|2,800|(4,119)|-|3,618|
|Girls|Brigade|Account|2,649|3,698|(2,721)|-|3,626|
|Helping|Hands Account|1,180|1,880|(2,859}|-|201|
|Coffee Hub Account|-|2,052|(1,801)|-|251|
|1,859,791|156,030|(147,274)|{6,295}|1,862,252|
|Total|2,102,090|366,473|(296,101)|-|2,172,462|
----- End of picture text -----
Analysis of closing funds
==> picture [443 x 66] intentionally omitted <==
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Funds|Restricted|Funds|Total|Funds|2025|Total|Funds|2024|
|£|£|£|£|
|Fixed|assets|12,318|1,717,958|1,730,276|1,730,218|
|Current|assets|300,932|147,946|448,878|376,693|
|Current|liabilities|(3,040}|(3,652)|(6,692)|{4,821)|
|Total funds|310,210|1,862,252|2,172,462|2,102,090|
----- End of picture text -----
20
|
Presbyteryan
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
18. Related Party Transactions
Rev Emerson McDowell is a trustee of the church. In his capacity as the minister of the congregation he received remuneration of £46,785 and an expenses allowance of £7,388. Pension contributions of £8,187 were also paid by the congregation in respect of the minister to the Presbyterian Church in ireland Pension Scheme (2009). Employer's NIC of £7,088 was paid to the Presbyterian Church in treland for the minister. The following payments were made to Trustees in respect of reimbursement of expenses, Alan Montgomery £80, Rodney Wright £159 and Stephen Lamont £146. john Lorimer, the husband of Kay Lorimer who is a Trustee, was paid £175 in respect of reimbursement of expenses. ;
During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland, a separate charity:
==> picture [167 x 30] intentionally omitted <==
----- Start of picture text -----
|||
|---|---|
|£|
|Assessments|15,220|
|United Appeal|13,100|
----- End of picture text -----
There were no other related party transactions.
21