Presbyter
an
CLOUGHWATER CONGREGATION
OFTHE
PRESBYfERIAN CHURCH IN IRELAND
TRUSTEES, ANNUAL REPORT
AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED
5t
31 DECEMBER 2024

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Year Ended 31 December 2024
CONTENTS
PAGE
Trustees, Report
Auditors, Report
9-11
Statement of Financial Activity
12
Balance Sheet
13
statement of Cash Flows
14
Notes to the Financial Statements
15-24

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CLOUGHWATER CON
GATION OF THE pREsB￿ERIAN
RELAND
TRUSTEES. ANNUAL REPORT
The Trustees of Cloughwater Congregation of the Presbyterian Church in Ireland present their Annual Report and Financial
ststements for the year ended 31st December 2024 including a balance sheet as at that date.
REFERENCE AND ADMINSTRATIVE DETAILS
Cloughwater Congregation of the Presbyterian Church in Ireland, 125 Cloughwater Road, Ballymena, BT43 6QR
Registered Charity in Northern Ireland (NIC105373)
CHARITY TRUSTEES
The Charity Trustees who served during the year or who were trustees at the date of this report were..
Rev Alistair Mccracken
Mr lan Brown
Mr Ivan Davison
Mr David Galbraith
Mr Andrew Mauger
Mr William McKeown (Elder Emerltus March 2024)
Mr Edward Montgomery
Mr Stephen Porter
Mr Robert Simpson (Died December 2024)
Mr Stephen Simpson
PRINCIPAL OFFICE BEARERS
Minister
Clerk of Session
Treasurer
Rev Alistair Mccracken
Mr Ian Brown
Mr Ian Brown
AUDITOR
Mr Edwin McLaughlin, Senior Statutory Auditor, D T Carson & Co, Chartered Accountants, 51-53 Thoma5 Street, Ballymena,
BT43 6AZ
BANKERS
Danske Bank , 1-2 Broadwayi Ballymena, BT43 7AA

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TRUSTEES, ANNUAL REPORT- CONT'D
srRUCTURE 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 propety
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 in January, March, May, September and November.
To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular
attendant on its ordinances. The selection of those proposed to be called to the office can be either by the congregation
or by the Kirk Session. Members are elected if they obtain the votes of tMo-third5 of those who vote.
Presbytery
Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation 15 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. Cloughwater congregation of the
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 congregation5 a55igned to it by the General
Assembly, ministers who have retired from active duty and an elder appointed by each of the Kirk Sessions of the
congregations.
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, administrative and judicial authority, in dealing with all matters brought before it. The General
Assembly is normally constituted during a week in June for worship and to conduct its business. At the end of business it
is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired
ministers and a representative elder appointed by the Kirk Session of each congregation.

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UGHWATER CONGREGATION OF THE PRESB￿ERIA
H IN IRELAND
TRusfEES' ANNUAL REPORT- CONT'D
DESCRIPTION AND PURPOSE
The charitable purpose of the congregation is the advan￿ment of religion.
Cloughwater 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 our members to
play their part in fulfilling God's mission to our world.
Just as, Man's chief end is to glorify God and enjoy Him forever" we believe this is our purpose as a congregation. We
are "A chosen people, a royal priesthood, a holy nation, a people belonging to God, that you (we) may declare the praises
of him who called you (us) out of darkness into his wonderful light., (I Peter 2.9) We take from the catechism and this
verse that we are to be engaged in worship as we glorify and praise God together; in proclamation, as we declare the word
of Godlgospel within and outside the congregation, at home and abroad. in fellowship, living, serving and growing together
in grace and in knowledge of our Lord and Saviour Jesus Christ"
ACTIVITIES AND OBJECTIVES
The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lord's Supper is
observed on three occasions during the year and all those who have been baptised and who have made a profession of
faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation holds regular bible study meetings and
has a wide range of organisations including:
Afternoon Fellowship
Girls, Brigade
Flame / Fuel
Praise Group
Creche
Kids Club
Presbyterian Women
Boys, Brigade
Ignite (19-30's)
Sunday School
Men at Cloughwater
Tea & Tots
ACHIEVEMENTS AND PERFORMANCE
Worship and prayer
The congregation normally meets for worship each Sunday at 11.30 am (llam July & August) and 7pm September to June
5t
(l and 3rd Sundays). Creche is provided for pre-school children during morning worship and other children up to the age
of eight leaving the main church during the service for kids club. During the week the Midweek Prayer and Bible Study
provides an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer.
We give thanks for faithfully attended services throughout the year.
At 31st December 2024 there were 147 communicant members with one new member enrolled during the year and 158
families connected with the congregation. The average attendance at morning worship was 120 and 40 at the evening
servi￿.

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TRUSTEES, ANNUAL REPORT- CONT'D
Pastoral care
Members of the congregation are visited by the minister and elders throughout the year, whenever this was unable
to be carried out, telephone communication was utilised throughout the year. Those who are sick, the elderlyi the
bereaved and those facing difficult circumStan￿S are given special attention through visits and the provision of
support, frlendship and prayer.
A Care Team is established to visit those members of the congregation in h05Pital or residentiallnursing homes, aiming
to show the concern of the church and to share sensitively the gospel message. The Care Team also provides practical
care to those at times of specific need includingi for example, visitation of new mothers.
Mission and outreach
At a local level the congregation seeks to reach out to the surrounding community with the Good News of the gospel. The
congregation is connected with two neighbouring Primary schools (Clough & Kirkinriola) and our minister regularly
attended the schools to conduct worship at morning assembly from the start of the academic year in September 2024.
There is a missionary committee within the congregation who together organise support for mission at home and abroad,
providing updateslinformation on our mission partners and the work they are involved in across the globe. Dedicated
missionary fund by the congregation help provide charitable donations to a number of mission organisations such as,
Compassion, Hamsayeh International, Pioneers, Wycliffe Bible Translation, Calvary Mission, Scripture Union Projects, Faith
Mission, Christians Against Poverty and Release International.
The congregation also supports the United Appeal for Mi55ion which is a ￿ntral 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 whatthe 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 plantingi 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 congregation in the areas
of worshipi discipleship, global mission, outreach, leadership and pastoral care.
The congregation also contributes to the denominations annual World Development Appeal and any other special appeals
throughout the year.
Presbytery
The congregation was represented at the regular meetings of Presbytery by our minister and one of the elders. This
provides an important link bel￿een the congregation and the wider structures of the church.
Property
The congregation ensures that the church property is kept in good condition and all work is overseen by the church
committee.

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CLOUGHWATER CONGRE
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TRUSTEES. ANNUAL REPORT- CONT'D
Organisations
Boys, Brigade
The object of 1st Cloughwater BB is the advancement of Chrlst's kingdom among boys and the promotion of habits of
obedience, reverence, discipline, self-respect and all that tends towards a true Christian manliness. We meet on Monday
nights between September and March and there are 3 sections - Anchor Boys, Junior Section and Company Section.
This year the bible class topic was the Beatitudes and the boys learned the eight blessings given by Jesus during the
Sermon on the Mount, explaining that each Beatitude describes a charatter attitude and a promise of blessing to those
people who possess it. Along with the bible class the boys enjoy craft activities, cookinglbaking and of course games
during the Monday nights. In the middle of March the annual parents night was held where parents and friends of the
boys come along to see some of the activities the boys enjoy as part of isr Cloughwater BB company.
Girls, Brigade
There are 45 girls (aged 3 to 18 years) registered in our GB Company. There are 7 Commissioned Officers, 6 Associate
Leaders and 2 Sub Officers leading our Company. We meet on Thursday evenings from mid-september until the end of
March. Throughout the year we have succeeded in having a varied badgework programme for all sections covering Spiritual,
Educational, SeNice and Physical aspects. Each night we follow the GBNI Scripture course in all sections and this year this
was entitled "We Believe"
All sections enjoyed activities and crafts based on Ulster Wildlife. This included a visit from the"Wee Critters" and an outing
to Broughshane Wild Fowl Pond. Various crafts such as making bird feeders, bug hotels and bird houses were undertaken.
Team games were played by Explorers and Juniors who also entered our District Team Games competition. Our Juniors
and Senior5 & Brigaders also learned how to line dance. The Duke of Edinburgh Award scheme continues to run in our
Company with 2 girls working for the Bronze level and I working towards Gold level.
Attendance has been very good throughout the year.
FLAME (Youth Fellowship)
FLAME meets fortnlghtly for young people aged 11 to 18 years old. An average of 15 young people attend and enjoy a mix
of food, games and Bible Study together. This year at a number of our meetings we focused on "Going Deeper" in topics
such as prayer, worshipi mission, Easter and God. The young people enjoyed a wide variety of attivities including pizzas
nights, Beach Banter at Castler¢xk and a night out at scrapyard golf. A number of guest speakers came along throughout
the year to help the members thlnk about what the Bible says about certsin topics, how to Ilve a Christian life and share
faith with others.
Sunday School
Sunday School normally meet each Sunday morning from 10:30 to 11:15 running from September to June. There are 52
children registered ranging from age 4 to 17 with 8 teachers spread out across each class group. The teachers follow "Go
Teach" literature during each class and the children also learn catechisms and memory verses.

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Presbyterian Women
The Cloughwater Ladies group meet on a Tuesday eveningi On￿ a month from September through to May with
approximately 30 ladies attending each meeting. We have followed the PW theme of "Entrusted" this year and at each
meeting we have had a devotional time based on this theme. Throughout the year we have had an Ulster Scots night, a
Christmas craft night, a meal out together and a fund-raiser for Alzheimerfs Society. We also have had visiting speakers
with topics which included Safe Families, A Year in the Moderator's life and Hope 365. In Ottober we had a "Soup in a
Mug" event when we raised funds for our local foodbank. In January we had a Bible reading challenge when ladies
focused on reading the Gospel of Luke, our annual Church Servi￿ also took place in January. We also organised a second
hand clothes collettion for Hope365. Throughout the year we have enjoyed great fellowship as we continue to follow our
PW motto "Living for Jesus"
Volunteers
The Trustees wish to acknowledge their deep appreciation of those who give freely of their tlme by seNing on
committees and helping with organisations and other church attivities.
PUBLIC BENEFIT STATEMENT
The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the
general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion.
The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs
as set out in the Bible and in the Church's subordinate standards (the Westminster Confession of Faith and the Shorter
and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In
turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as
through the care of those in need (including the sick, disabled and bereaved).
Generally the above benefits are delivered locally by congregations and their members, or are facilitsted through
presbyteries or are organi5ed and delivered centrally. Local delivery is facilitsted by central resources in almost all cases.
Public access is made known through the use of noticeboards, printed materiali 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.
The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Mlni5ters, Missionaries,
Deaconesses, Irish Mission worker5 and Lay Agents who receive benefits as a result of their holding offfice or employment.
However, this is incidentsl 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 P￿$byterlan Church in Ireland is
in direct and indirect contact with, the community in which pastoral ServI￿S are provided and other communities
throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support
for both Christian and other secular organisations, charities and individual members of the public.
The Kirk Session has had regard to the Charity Commissions Public benefit requirement statutory guidance.

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CLOUGHWAT
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TRusfEES' ANNUAL REPORT- CONT'D
FINANCIAL REVIEW
The congregation's main Sour￿ of income is members, contributions through the Weekly Freewill Offering. There were
124 contributing families during the year [124 in 2023] donating a total of £58,373 [£59,861 in 2023]
Total Income of the congregation during the year was £637,555 compared to £130,617 in the previous year. The main
reason for thi5 substantial increase was the receipt of a legaq of £500,000.
Total expenditure (including that of organisations) was £140,548 compared to £141,496 in 2023.
TRUSTEES, RESPONSIBILITIES IN RESPECT OF FINANCIAL sfATEMENTS
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. 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 its financial position and enable them to
ensure that the financial statements comply with the Statement of Recommended Practi￿ "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 detettion of fraud and other irregularities.
GOING CONCERN
The attivities of the congregation are dependent on ongoing contributions from its members. The Trustees are of the
opinion that the congregation has sufficient resour￿5 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 ongoing basis the congregation's current activities and other financial commitments.
RESERVES POLICY
The Trustees have considered the level of unrestricted reserves that it is appropriate to hold tsking account of current and
ongoing commitments. It is the aim of the Trustees to hold unrestricted reserves equating to at least three month's normal
expenditure. At the year end unrestricted reserves were £550,107 which is well in keeping with this policy. The Trustees
consider it prudent to hold reserves at this level as the funding of its present activities is dependent of the ongoing financial
support of members.

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TRUSTEES, ANNUAL REPORT- CONT'D
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 ongoing 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.
Approved by the Kirk Session at a meeting on 27th May 2025 and slgned on its behalf by:
Mr Ian Brown
(Clerk of Session)
Mr Stephen Porter
(Trustee)

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INDEPENDENT AUDITOR'S REPORT TO THE TRusfEES OF CLOUGHWATER CONGREGATION OF THE
PRESBYfERIAN CHURCH IN IRELAND
Opinlon
We have audited the financial statements of Cloughwater Congregation of the Presbyterian Church in Ireland (the
'charity') for the year ended 31 December 2024, which comprise the statement of financial activities, ststement of
financial position, statement of cash flows and notes to the financial statements including a summary of significant
accounting policies. The financial reporting framework that has been applied in their presentstion is applicable law and
United Kingdom Accounting Standards, including Financial Reporting Stsndard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Prattice).
In our opinion the financial statements
give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of its incoming reSoUr￿S
and application of resources for the year then ended,
have been properly prepared in accordantr with United Kingdom Generally Accepted Accounting Practice
have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2022.
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
relevant to 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 collettively, that may cast significant doubt about the charity's ability to continue to continue as a going
concern for a period of at least twelve months from the date when the financial statements are authorised for issue.
other information
The other information comprises the information included in the annual report, other than the financial statements and our
auditor's report thereon. The trustees are responsible for the other information. 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.

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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CLOUGHWATER CONGREGATION OF THE
PRESBYfERIAN CHURCH IN IRELAND
other information (cont'd)
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 financlal 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 misststement of the other information. If, based on the work we have perfomed, we conclude
that there is a material misstatement of this other information, we are required to report that fatt.
We have nothing to report in thls regard.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charity and Its environment obtained in the course of the audit, we
have not identified material misstatements in the Trustees, Report.
We have nothing to report in respett of the following matters in relation to which the Charities Act (Northern I￿land) 2022
requires us to report to you if, in our opinion:
the information given in the trustees, report is inconsistent in any material respect wlth the financial statements. or
adequate accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees, Responsibilities Ststement, the trustees are responsible for the preparation of the
financial statements and for being satisfied that they give 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 charity's ability to continue as a going
concern, disclosingi as applicable, matters related to going concern and using the going concern basis of accounting unless
the trustees either intend to liquidate the charity or to ￿ase operations, or have no realistic alternative but to do so.
Auditors, responsibilities for the audit 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 accordantr with ISAS (UK) will
always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be expetted to influence the economic decisions of users
taken on the basis of these financial statements.
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H IN IRELAND
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CLOUGHWATER CONGREGATION OF THE
PRESBYfERIAN CHURCH IN IRELAND
Auditors, responsibilities for the audit of the financial statements (cont'd)
Irregularities, including fraud, are instances of non-complian￿ 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 discussion with the trustees, and from our
own knowledge and experien￿ of the charitable sector. We focused on specific laws and regulations which we
considered may have a dirett material effect on the financial ststements or the operations of the charity, including
the Charities Act and related legislation while also giving consideration to data protection regulations and the
safeguarding of charitable funds.
the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilitie5 and skills to identify or recognise non-complian￿ with applicable laws and regulations and the team
remained alert to instances of non-compliance throughout the audit;
we assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining
an understanding of how fraud might occur by
making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of attual, suspected and alleged fraud. and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
to address the risk of fraud through management bias and override of controls we
performed analytical procedures to identify any unusual or unexpected relationships
evaluated the rationale behind any significant or unusual transactions
in response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to
agreeing financial statement disclosures to underlying supporting documentstion.
reading minutes of meetings of those charged with governantr;
reviewing regulatory correspondence.
enquiring of management as to actual and potential litigation and claims.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at: http:Ilwww.frc.org.uk/auditorsresponsibilitie5. This description forms part of our auditor's report.
Purpose of our audit work and to whom we owe our responsibilities
This report is made solely to the charity s trustees, as a body, in accordan￿ with Part 4 of the Charities (Accounts and
Reports) Regulations (Northern Ireland) 2015. Our audit work has been undertaken so that we might State to the charity's
trustees those matters we are required to state to them in an auditor's 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
trustees as a bodyi for our audit work, for this report, or for the opinions we have formed.
MrE
cLaughlin F
(Senior Ststutory Auditor)
For and on behalf of:
D T Carson & Co, Chartered Accountants and Registered Auditors
51-53 Thomas Street
BALLYMENA, BT43 6AZ
Date: 27th May 2025
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AT[
F THE PRE
ERIAN
ND
srATEMENT OF FINANCIAL ACTIVITY
FOR YEAR ENDED 31 DECEMBER 2024
UNREsfRICTED REsfRIcfED
FUNDS
FUNDS
TOTAL
2024
TOTAL
2023
Income and endowments from
Donations and legacies
Charitable activities
Investments
Other income
Total
585,425
1,117
4,013
70
590,625
27,728
19,202
613,153
20,319
4,013
70
637,555
114,046
16,379
124
68
130,617
46,930
Expenditure on:
Raising funds
Charitable activities
other expenditure
Total
586
89,154
586
139,962
586
140,910
50,808
89,740
50,808
140,548
141,496
Net income/(expenditure)
Transfers bel￿een funds
Net movement in funds
500,885
305
501,190
(3,878)
(305)
(4,183)
497,007
(10,879)
497,007
(10,879)
Reconciliation of fvnds:
Totsl funds brought forward
16
48,917
230,821
279,738
290,617
Total funds carried forward
16
550,107
226,638
776,745
279,738
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F THE PRE
BALANCE SHEEr
AS AT 31 DECEMBER 2024
NOTES UNRESTRIcfED
FUNDS
REsfRIcfED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
FIXED ASSErs
Tangible assets
Total fixed assets
12
187,921
187,921
187,921
187,921
192,097
192,097
CURRENT ASSETS
Debtors
Cash at bank and in hand
Total current assets
13
14
20,215
531,742
551,957
3,787
34,930
38,717
24,002
566,672
590,674
21,374
67,797
89,171
CURRENT LIABILMES
Creditors: amounts falling
due within one year
15
(1,850)
(1,850)
(1,530)
Net current assets
550,107
38,717
588,824
87,641
Total net assets
550,107
226,638
776,745
279,738
FUNDS OF THE CHARITY
Unrestritted funds
Restricted funds
16
16
550,107
550,107
226,638
48,917
230,821
226,638
Total charity funds
550,107
226,638
776,745
279,738
Approved by the Kirk Session at a meeting on 27th May 2025 and signed on its behalf by
Mr Ian Brown
(Clerk of Session)
ephen Porter
(Trustee)
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Presbyter
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WATER
ON
ON
F THE PRE
BYfE
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STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES
2024
2023
Net incomel(expenditure)
497,007
(10,879)
Adjustments to reconcile net income/(expenditure)
to net cash flows from operating activites
Depreciation of tangible fixed assets
Net finance costs
(Increase)Idecrease in investments
(Increase)Idecrease in debtors
Increasel(decrease) In creditors
12
4,176
(4,013)
4,176
(124)
(2,628)
320
1,484
1,103
Net cash inflow from operating activites
494,862
(4,240)
Cash flows from investing activities
Interest re￿iVed
Payments to acquire tsngible fixed assets
4,013
124
Net cash inflow from Investing activities
4,013
124
Financing activities
Interest paid
Net cash infowl(outflow) from financing activites
Net increasel{decrease) in cash and cash equivalents
498,875
(4,116)
Cash and cash equivalents at l January
67,797
71,913
Cash and cash equivalents at 31 December
14
566,672
67,797
14

an
GHWATER
NG
EG
F THE PRESBYfERIAN CHURCH IN IR
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
ACCOUNTING POLICIES
The principal accounting plicies adopted, judgements and key SoUr￿S of estimation in
the preparation of the financial statements are as follows:
BASIS OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordan￿ with Accounting and
Reporting by Charities:Statements of Recommended Practice applicable to charities
preparing their accounts in accordance with Financial Reporting Standard applicable
in the UK and Ireland (FRS102) (effettive l January 2015).
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 bodyi nor those that are informal gatherings of church members.
PREPARATION OF ACCOUNTS ON A GOING CONCERN BASIS
Cloughwater Congregation of the Presbyterian Church in Ireland has prepared the
accounts on a going concern basis. The balance sheet is strong with continued support
by members.
FUND ACCOUNTING
Restricted funds comprise revenue donations or grants for a specific congregational
activity intended by the donor. Where these funds have unspent balance, 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
Reco
nition of incomin
These are included in the Statement of Flnancial Activities (SOFA) when:
the congregation becomes entitled to the resources.
the trustees are virtually certain they will re￿1ve the resources; and
the monetary value can be measured with sufficient reliably.
(i)
resources
(li)
Incomin
resources with related ex
enditure
Where incoming resources have related expenditure (as with fundraising income) the
incoming resources and related expenditure are reported gross in the SOFA.
15

an
CLOUGHWA
ON
REGATION OF
E PRESBrfERI
HURCH IN
ELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
ACCOUNTING POLICIES - CONT'D
(iii)
Grants and donations
Grants and donations are only Included in the SOFA when the congregation has
unconditional entitlement to the reSoUr￿s.
(iv)
onations and
Incoming resources from tax reclaims are included in the SOFA at the same time as
the gift to which they relate.
(v)
ntr
ome and erformance r
ed
rants
Thi5 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 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 re￿1Vable.
(vii)
Donated servi￿5 and facil't.
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 seNice or faciliity received.
The value of any voluntary help re￿iVed 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
EXPENDITURE AND LIABILrnES
Liabili
reco
nition
Liabilities are recognised as soon as there is a legal or construttive obligation
committing the congregation to pay out resources.
(x)
(xi)
Gover
ance cos
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.
16

an
GHWA
GREGATION OF THE PRESBrrERI
IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
ACCOUNTING POLICIES - CONT'D
(xii)
ants with erfOrMan￿ conditions
Where the charity gives a grant with conditions for its payment being a specific level of
Se￿iCe or output to be provided, such grants are only recognised in the SOFA once the
recipient of the grant has provided the specified Servi￿ or output.
(xiii)
nts
able without rfomance 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
Tan
ible fixe
Items of propety, fixtures and equipment are capitalised if they can be used for more
than one year, and cost at least £5,000. They are valued at cost or, if gifted, at the
value to the charity on receipt.
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 expetted useful life as follows:
Buildings
Fixtures, fittings and equipment
over 50 years
over 10 years
17

Presbyter
an
CLOUGHWATER CONGRE
ATI
ELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
DONATIONS AND LEGACIES
UNRESTRICTED
FUNDS
RESTRICTED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Recorded giving
Loose collections
Donations and gifts
Gift aid
Legacies and bequests
69,383
1,369
1,261
13,412
500,000
585,425
23,806
93,189
1,369
1,396
17,199
500,000
613,153
90,650
1,438
1,452
18,506
2,000
114,046
135
3,787
27,728
CHARITABLE ACTIVITIES
UNRESTRICTED
FUNDS
RESTRICTED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Organi5ation income
Sale of study books etc
Income from church events
Miscellaneous income
Grants
19,202
19,202
817
13,825
754
817
300
300
1,800
1,117
19,202
20,319
16,379
INVESTMENTS
UNRESTRICTED
FUNDS
RESTRIcfED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Bank Interest
Deposlt interest
other investment income
271
3,742
271
3,742
124
4,013
4,013
124
18

Presbyter
an
WATER CONGREGATION
F THE PRESBYfERIAN
HURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
OTHER INCOME
UNRESTIUCTED RESTiucfED
FUNDS
FUNDS
TOTAL
FUNDS
TOTAL
FUNDS
Other income
70
70
70
70
68
68
RAISING FUNDS
UNRESTRICTED RESTRICTED
FUNDS
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
FWO envelopes
586
586
586
586
586
586
CHARrrABLE ACTIVITIES
UNRESTRICTED RESTRICTED
FUNDS
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
General assembly
assessments
p￿$bytery fees
Ministry and support
staff costs
Congregational running
expenses
Donations to missions
and charities
Depreciation
Governance costs
9,619
352
9,619
352
7,385
322
57,211
57,211
54,779
20,772
26,194
46,966
57,528
20,438
4,176
20,438
4,176
1,200
139,962
16,720
4,176
1,200
89,154
50,808
140,910
19

an
CLOUGHWATER CO
EGATION OF THE PREsB￿ERlAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
OTHER EXPENDITURE
UNRESTRICTED RESTRICTED
FUNDS
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Sundry
TRANSFERS BETWEEN FUNDS
Unrestritted funds are spent or applied at the discretion of the trustees to futher any of the
charity's purposes. Unrestricted funds may be used to supplement expenditure made from
restritted funds.
io
EMPLOYEES
Number of
lo
ees
The church had no employees during the year (2023: none)
The minister of the congregation is an employee of the Presbyterian Church in Ireland, which
is a separate charity and they have not been refletted 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
2024
2023
Minister stipend
32,439
30,762
20

an
WATER CONGRE
ATI
PRESBYfERIAN CHURCH IN IRELAND
NOTESTO THE ACCOUNTS
31 DECEMBER 2024
li
PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in Ireland 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 minster. The Presbyterian Church in Ireland Pension
Scheme (2009) is a funded scheme of the defined benefit typei providing defined benefits
based on career average 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 salarie5 to cover the accrual of benefits for future
service, expenses, the cost of insuring death in Servi￿ benefits and funding the scheme
deficit.
The contributions made by the congregation during the year were:
2024
2023
Contributions
7,785
7,383
21

an
CLOUGHWATER
EGATION OF THE PRESBrfERIAN
HUR
H IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
12 TANGIBLE FIXED ASSETS
BUILDINGS
AND
CONTENTS
FIKfuRES,
FIThINGS &
EQUIPMENT
MANSE
TOTAL
COST OR VALUATION
At l January 2024
Additions
Dlsposals
3,011,523
208,802
3,220,325
At 31 December 2024
3,011,523
208,802
3,220,325
DEPRECIATION
At l January 2024
Provision for year
Disposals
3,011,523
16,705
4,176
3,028,228
4,176
At 31 Detrmber 2024
3,011,523
20,881
3,032,404
NET BOOK VALUE
At 31 De￿mber 2024
187,921
187,921
At 31 De￿mber 2023
192,097
192,097
22

an
CLOUGHWATER CON
TION OF ThE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
13
DEBTORS
UNRESTRicfED
FUNDS
REsfRICTED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Gift Aid Recoverable
Prepayments and accrued income
Sundry debtors
12,758
7,457
3,787
16,545
7,457
17,867
3,507
20,215
3,787
24,002
21,374
14 CASH AT BANK AND IN HAND
UNRESTRICTED
FUNDS
RESTRIcfED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Bank and cash
Bank deposit accounts
31,742
500,000
531,742
34,930
66,672
500,000
566,672
67,797
34,930
67,797
15 CREDITORS: amounts falling due within one year
UNRESTRICTED
FUNDS
RESTRIcfED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Accruals
Sundry creditors
1,850
1,850
1,530
1,850
1,850
1,530
23

an
CLOUGHWATER
GREGATtON OF THE P
IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
16
FUND BALANCES AND RECONCILIATION OF FUNDS
Fund
BALANCE
AT
srART
INCOME
EXPEND
TRANSFER
BALANCE
AT
END
UNRESTRICTED FUNDS
General account
48,917
590,625
(89,740)
305
550,107
48,917
590,625
(89,740)
305
550,107
REsfRIcfED FUNDS
Property
Missionary
United Appeal
Other Misslon Support
Afternoon Fellowship
Boys Brigade
Girls Brigade
Presbyterian Women
212,127
8,377
768
411
249
856
6,724
1,309
8,562
12,516
4,676
1,974
1,056
3,858
3,898
10,390
(17,115)
(13,514)
(4,853)
(2,071)
(818)
(3,786)
(3,635)
(5,016)
203,574
7,379
886
314
387
878
6,737
6,483
295
(ioo)
(50)
(250)
(200)
230,821
46,930
(50,808)
(305)
226,638
TOTAL FUNDS
279,738
637,555
(140,548)
776,745
17
RELATED PARTY TRANSACTION
One of the Trustees, the mlnister of the congregation received remuneration of £32,439
and expenses of £7,036 for acting in that capacity. Pension contributions of £7,785
were paid by the congregation in respect of the minister to the Presbyterian Church in
Ireland Pension Scheme (2009). None of the other trustees received any remuneration
or expenses dL5ring the year in connectlon with their duties.
During the year the congregation contributed the following amounts to Funds of the
General Assembly of the Presbyterian Church In Ireland a *parate charity
£9,619 for congregational assessments
£4,853 towards the United Appeal
£950 towards Orphans and Children Soclety
£986 towards World Development Appeal
The congregation contributed £352 towards Presbytery Assessments during the year.
There were no other related party transaciions.
24

an
Appendix (this appendix does not form part of the statutory financial statements)
Envelope
No.
United
Appeal
World
Development
Chlldrens Mlssionary
Soclety
Fund
FWO
150.00
50.00
600.00
70.00
Repalr
Harvest
60.00
Gift Aid
50.00
loo.00
loo.00
loo.00
loo.00
50.00
20.00
100.00
312.50
480.00
30.00
1,220.00
250.00
270.00
1,200.00
230.00
207.00
50.00
50.00
40.00
40.00
120.00
155.00
40.00
250.00
loo.00
20.00
20.00
88.50
io
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
120.00
loo.00
80.00
180.00
322.50
68.75
20.00
50.00
780.00
300.00
loo.00
420.00
520.00
600.00
100.00
250.00
15.00
15.00
240.00
loo.00
478.75
20.00
660.00
20.00
5.00
720.00
720.00
600.00
20.00
2,710.00
iio.00
215.00
285.00
120.00
1,000.00
20.00
loo.00
20.00
60.00
511.25
121.25
300.00
200.00
120.00
400.00
400.00
125.00
500.00
300.00
175.00
200.00
200.00
240.00
517.50
427.50
343.75
40.00
40.00
10.00
20.00
100.00
10.00
641.25
50.00
10.00
10.00
iio.00
40.00
40.00
1,800.00
500.00
10.00
10.00
250.00
loo.00
200.00
40.00
300.00
240.00
612.50
235.00
555.00
140.00
loo.00
25.00
iio.00
20.00
175.00
52.00
260.00
1,225.00
250.00
30.00
20.00
300.00
20.00
20.00
12.00
10.00
10.00
10.00
31.25
410.00
260.00
40.00
20.00
440.00
610.00

Envelope
No.
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
United
World
Chlldrens
. Appeal Development Society
Mlssion
Fund
FWO
460.00
485.00
450.00
255.00
Repalr
Harvest
loo.00
300.00
60.00
10.00
GiftAld
122.50
206.25
465.00
30.00
20.00
20,00
820.00
460.00
115.00
50.00
200,00
100.00
10.00
10.00
220.00
loo.00
32.50
370.00
150.00
43.75
170.00
20.00
530.00
120.00
520.00
120.00
96.00
525.00
80.00
150.00
80.00
25.00
10.00
25.00
5.00
198.75
90.00
loo.00
20.00
10.00
190.00
60.00
20.00
49.00
iio.00
600.00
120.00
200.00
120.00
20.00
10.00
60.00
290.00
50.00
260.00
330.00
310.00
645.00
285.00
loo.00
104.50
240.00
260.00
60.00
80.00
10.00
5.00
85.00
20.00
50.00
40.00
30.00
50.00
50.00
30.00
50.00
65.00
5,00
5.00
5.00
56.25
123.75
60.00
40.00
40.00
10.00
20.00
60.00
315.00
200.00
20.00
loo.00
140.00
loo.00
100.00
270.00
205.00
45.00

Presbyter
an
Envelope
No.
United
World
Chlldrens
Appeal Development Society
Misslon
Fund
FWO
Repair
Harvest
GIftAld
89
530.00
90.00
60.00
90
91
92
93
94
95
96
97
98
99
loo
ioi
102
103
104
105
106
107
108
109
iio
iii
112
113
114
115
116
117
118
119
120
121
122
123
124
125
440.00
40.00
200.00
200.00
960,00
390.00
loo.00
720.00
5.00
50.00
40.00
120.00
240,00
200.00
150.00
20.00
loo.00
122.50
15.00
10.00
10,00
10.00
iio.00
loo.00
330.00
222.50
10.00
loo.00
207.50
1,200.00
255.00
720.00
450.00
loo.00
240.00
130.00
loo.00
140.00
40.00
30.00
loo.00
60.00
30.00
10.00
400.00
20.00
20.00
10.00
20.00
15.00
50.00
20.00
50.00
55.00
480.00
40.00
414.38
425.00
20.00
12.50
430.00
540.00
20.00
65.00
30.00
30.00
20.00
60.00
153.75
720.00
200.00
40.00
80.00
40.00
120.00
327.50
370,00
200.00
210.00
218.00
800.00
loo.00
150.00
50.00
30.00
370.00
252.50
28.75
67.50
20.00
30,00
40.00
20.00
120.00
1,200.00
470.00
600.00
250.00
loo.00
loo.00
60.00
30.00
200.00
161.25
152.50
100.00
230.00
126
127
128
129
130
131
132
50.00
60.00
60.00
10.00
70.00
144.38
500.00
iio.00
250.00
250.00
6.25
690.00
20.00
190.00
170.00
580.00
26.25

an
Envelope
No.
Unlted
World
Chlldrens
Appeal Development Soclety
Mission
Fund
FWO
Repair
Harvest
Gift Aid
133
134
500.00
i.100.00
1,000.00
162.50
135
126
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
160.00
1,640.00
40.00
150.00
240.00
250.00
20.00
180.00
597.50
280.00
160.00
20.00
120.00
200.00
20.00
87.50
265.00
10.00
2.080.00
2.470.00
505.00
215.00
1,200.00
100.00
1,070.00
300.00
115.00
50.00
400.00
20.00
75.00
300.00
loo.00
20.00
600.00
iio.00
1.017.50
787.50
20.00
312.50
10.00
1,000.00
240.00
120.00
50.00
50.00
270.00
808.75
30.00
175.00
i.ioo.00
75.00
40.00
250.00
66.25
300.00
64.00
1.85
43.75
1.00
2.50
150.00
600.00
260.00
iio.00
300.00
75.00
375.00
63.00
600.00
75.00
50.00
20.00
75.10
550.00
395.00
100.00
40.00
10.00
187.50
121.25
150.00
300.00
80.00
loo.00
20.00
112.50

an
Envelope
No.
Unlted
World
Appeal Development
Childrens
Society
Mission
Fund
FWO
Repair
Harvest
Gift Ai(1
177
178
179
180
181
182
183
184
185
186
187
188
189
190
90.00
360.00
10.00
320.00
200.00
220.00
155.00
20.00
50.00
50.00
129.75
254.25
10.00
10.00
80.00
45.00
260.00
205.00
50.00
50.00
92.50
10.00
10.00
loo.00
530.00
40.00
Anonymous
20.00