Presbyter an BROOKSIDE CONGREGAMN OF THE PRESBYfERIAA CHURCH IN IRELAND ATEMENT OF FINANaALAcfiviTIES For the year eIed 31 December 2024 Note Unrestricted funds Restricted Funds Total Funds 2024 Total Funds 2023 Income and Endowments from: Donatlons and le8acie5 Charitable attiwtles Investmenis Other income Tot31 120.252 3.178 340 228 123.998 158,344 11.708 371 278.596 14,886 711 228 294.421 220.787 11,849 1,581 1,400,565 1,634,782 170,423 ExpendItU on: Raising funds Charitable activities Other expenditure Total Net Incomellexpenditurel Transfers between funds Net movement in funds 11,2451 1120,7381 11,2451 1206,S601 11,1941 1252,0681 120.(K191 1273,2711 1,361,511 I8522) 1121.9831 2.015 785 {8522) 84,601 17851 83,816 1207.8051 86,616 86.616 1,361,511 Reconcillatlon of funds". Tot31 fL)nds brou8ht forward Total funds carrled forward 16 16 44.588 47.388 5.313.291 5,397,107 5,357.879 5,444.495 3,996,368 5,357,879
Presbyter an BROOKSIDE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND BALANCE SHEET As at 31 December 2024 Note Unrestricted Funds Restricted Funds Totsl Funds 2024 Totsl Funds 2023 Fixed assets.. Tangible assets Total fixed assets li 3,754,484 3.754.484 3.754.484 3,754,484 3,754,484 3,754,484 Current assets.. Investments Debtors Cash at bank and in hand Total current assets 12 13 14 50.243 1.568.2CO 1.618.443 11,1751 49,068 74,423 1,642,623 73,248 1.691,691 1,604,595 1,604,595 abllities: Creditors.. amounts falling due within one year 15 11.6801 11,6801 11,2001 Net current assets 47.388 1.641623 1.690.011 1,603,395 Total a55ets less current Ilabllltles 47,388 5,397,107 5,444,495 5,357,879 Credltors.. amounts fallin8 due after one year Total net assets 47.388 5,397.107 5,444,495 5,357.879 Funds of the charlty Unrestricted funds Restricted funds 16 16 47,388 ' 47.388 5.397.107 44,588 5,313,291 $397,107 Total charity fijnds 47,388 5.397.107 SA44,495 5,357,879 Approved by the Kirk Session at a meeting on 27 May 2025 and signed cn its behalf by: Rev William Moody Mr Llam McFetrid8e Minister Clefk of Session 10
an BROOKSIDE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POUCIES BASIS OF FINANCIALsfATEmErS The financial statements have been prepared in COrdanCe with applicable accounting standards. Whlle Complian with Statement of Recommended Practice Accovntin8 and Reporting by Charities IFRS1021 is not mandatory account of the guidance contained therein has been taken in the preparati of these accounts. The finantial statements have been prepared under the hisrorlcal cost convention except for investment assets. whlch are shown at market value. The financial statements include all transartions, assets. and liabilltles for which the congregation is respon51ble in law. They do not include the accounts of church groups that owe their awiliation to another body. nor those that are informal gatherlngs of church members. FUND ACCOUNTING Endowment funds are funds. the capital of which must be retained either pe(manenrly or at the congregation's dlscretS0n.' the Sncome derived from the endowment Is ro be used either a5 restrlrted cv unrestritted Irome fijnds dependin8 upon the purpose for whlch the endowment was established in the flrst place. Restricted funds comprise lal Income from end¢)wments which Is to be expended only on the restrlcted purposes intended by the donor and Ibl revenue donations or grants for a speclflc con8fe8ational attivity intended by the donor. Where these funds have unspent balances. interest on their pooled investment Is apporti)ed to the individual funds on an average basis. Unrestrirted funds are income funds whlch are to be spent on the con8re8ation'$ general purposes. Deslgnated funds are general funds set aslde by the congregatlon for use in the fvture. INCOMING RESOURCES Recognltlon of Incoming resources These are Included in the Statement of Flnanclal Activities ISOFAI when: The congregation becomes entltled to the resources. The trustees are virtually certaSn they will receive the resour$. and The monetary value can be measured with sufficient rellably. Incoming resources wlth lated expendltuie Where incoming resources have related expenditure las with fundraislng income) the incomin8 resou$ and related expenditure are reported gross in the SOFA Grants and donatlons Grants and donations are only Included in the SOFA when the con8re8ation has unccN)ditional entitlement to the resources. Tax reclalms on donations and Elfts IncomSng resources from tax reclaims are included In the SOFA at the same time as the 81ft to whlch they relate. Contractual income and performance related grants This Is only included in the SOFA once the related 8oods or services have been dellvered. Glfts In klnd Glfts in kind are accounted for at a reasonaNe estimate of their value to the charity or the amount actually rea115ed. Gifts in klnd for sale or distriblrtlon are included in the accounts as gifts ¢Jnly when sold or distribLrted by the charlty. Glfts in kind for use by the charity are included in the SOFA as incoming resource5 when receivable. 11
an BROOKSIDE CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOU[S Iconvdl Donated services and fadlities These Bre only included in incoming reswros (with an equivalent amount in fesources expended) where the benefit to the charity is reasonably quantifiable. measurable, and material. The value placed on these resources is the estlmated value to the charity of the service or facility received. Volunteer help The value of any voluntary help received is not Induded in the accounts but is described In the trustees, annual report. Investment 5ncome This 15 included in the accounts when receivable. Investment galns and losses This includes any gain or105s on the sale of investrnents and any galn or loss ultIng from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Liablllty reco8nition Liabilities are reco8nised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. Governance costs These include cost5 of the preparatlon and exarnination of statutw accounts. the costs of trustee meetings and cost of any legal advice to trustees on 8overnance or constitutional matters. Tanglble Flxed Assets Tangible fixed assets for use by charity. These are capitallsed If they can be used more than one year and cost at least £2.500. They are valued at cost or. if gifted. at the value to the charlty on receipt. Oepreclation will be recorded on all tangible fixed assets other than freehold land. at rates c3lcLtlated to write of the cost less estimated re51dual value, of each asset over its experted useful life as follows. Buildings Fixtures and equipment over 50 years -20% reducing balance OONATIONS AND LEGACIES Unrestrlrted Funds Restrltted Furx1s Totsl Funds 2024 Totsl Funds 2023 Recoided glvings Loose collections Donations and 8lfts legacies and bequests GiftAid 102.948 2.201 960 106,253 6,400 26.077 209,201 8,601 27.037 154,853 8,638 26.458 14.143 120.252 19.614 158.344 33,757 278,596 30,838 220,787 CHARITA8LE AcllviTIES Unrestrlcted Funds Restricted Funds Total Funds 2024 Totsl Funds 2023 Income from charitable actlvities Grants 3.178 7.240 4.468 11.708 10,418 4.468 14.886 8.449 3,400 11,849 3,178 12
an BROOKSIDE CONGREGATION OFTHE PRESBYfERL4N CHURCH IN IRELAND NOTES TO THE ACCOU[S Iconvdl INVESTMENTS Unrestrlcted Funds RestrKted Funds Total Fun(ts 2024 Total Funds 2023 Bank interest received 340 371 371 711 711 1.581 1,581 340 OTHER INCOME Unrestrlcted Funds Restritted Funds Total Funds 2024 Total Funds 2023 Field Rent & Wayleave Proceeds on Sale of land 228 228 565 1,400,0 1,400,565 228 228 KIISING FUNOS Unrestrltted Funds Restrlcted Fund5 Total Funds 2024 Total Funds 2023 FWO envelopes 1,245 1,24S 1,245 1,245 1,194 1,194 7. CHARITABLE AcfiviTES Unrestrirted Funds Restritted Funds Total Funds 2024 Total Funds 2023 General Assembly A55essrnents Presbytery fee5 Mlnlstry and support staff costs Congregational running expenses DonaLions to missions and charltles Governan costs 19.293 475 69,253 28.986 932 1.799 120,738 19,293 475 69.253 54,144 61.409 1,986 206,560 18,881 473 68,904 87,769 74,526 1,515 252,068 25.158 60.477 187 85,822 OTHER EXPENDITURE Unrestritted Fund5 Restricted Funds Total Fund5 2024 Total Funds 2023 Legal costs on sale of land 20,009 20,009 13
an BROOKSIDE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Conyd) EMPLOYEES Employment Cost5 2024 2023 Wa8es and salaries Social Security Costs Pension contributions 54,370 4,636 10,247 54,720 4.425 9,759 Number of employees The average number of employees during the year we. 2024 No 2023 No Average number of employees There weie no employees in receipt of employee benefits In excess of £60.COJ. The minlster ot the congregation is employed by the Presbyterian Church in Ireland which Is a separate charlty but his salary is Included in employee cost5 above. The congie8atlon pays an assessment to the P$terian Church In Ireland for the minister. The following payments were made during the year: 2024 2023 Wages and salaries Social Security Costs Pension contrlbutions 42,696 4,636 10,247 41.163 4,425 9,759 10. PENSION COSTS The minister of the congre8ation is a member of the Presbyterian Church in Ireland Pension Scheme12C(191. This is a scheme operated by the Presbyterian Church In Ireland, a separate registered charity- The congre8atlon pays an a55e55ment to the Presbyterian Church in Ireland equivalent to the employerfs penslon contribution for the Scheme and based on the stipend pald to the minlster. The Presbyterian Church in Irelaftd Pension Scheme120091 is a funded Scheme of the defined benefit typei providing defined benefits based on career averaged revalued salary. The Scheme has assets held in a separately admlnistered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a fundin8 plan to ensure the Scheme is sufficiently fun(led to meet current ond 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 Cral of benefits for future service, expenses, the cost of insurlng death in service benefjts and fundlng the scheme deficit. The contributions made by the congregation durin8 the year were. 2024 2023 ContributSons 10,247 9.759 14
Presbyter an BROOKSIDE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Iconvdl 11. TANGIBLE FIXED ASSErs Church. Hall bulldings & contents & Manse Total 2024 Totsl 2023 COST OR VALUATION At l January 2024 Additions Oisposa15 At 31 December 2024 3.754,484 3.754,484 3,754,484 3,754.484 3.754.484 3.754,484 DEPRECIATION At l January 2024 Charge for the year Elimlnated on disposal At 310ecember 2024 NET BOOK VALUE At 310ecember 2024 3.754,484 3.754,484 3,754.484 3,754,484 3,754,484 3,754,484 At 31 December 2023 The congre8atlon owns the church and church hall sltuated at 17 Brook Street, Ahoghill. Ballymena BT42 ILD and the associated fixtures, fittln8s. and equipment, tO8ether with the manse at 309 Galgorm Road Aho8hill. Details of historlcal costs of the above assets are not avallable. This being the cèse these continue to be included in the accounts at their combined insurance value as of 31st October 2024 of É3,754.484. 12. INVESTMENTS 2024 2023 Buslness Investment Account Fixed Term Deposit Accounts 53.443 1,565,01)0 1,618,443 13. DEBTORS 2024 2023 Gift ald recoverable 14. CASH AT BANK AND IN HAND 2024 2023 Cash held in bank accounts Cash in hand 73,109 139 1.604,086 509 1,604,595 73.248 15. CREDITORS: amounts fallln8 due withln Tr)eyear 2024 2023 Accruals 1,680 1.680 1,680 1,680 15
an BROOKSIDE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'dl 16. FUND BALANCES Unrestrlcted Funds 2024 2023 General fund 47,388 47.388 44,588 44.588 Restricted Funds 2024 2023 Propertv Workers Support Missions Sunday School Presbyterian Woman Girls Brlgade Youth Club Boys Brigade Luncheon Fellowship Choir Youth Fellowship Parent and toddler Group Benevolent Fund 5.365.284 1.843 11.272 1,049 938 5,339 1,171 4,675 1,104 5,282,234 4,027 10,176 895 699 5,099 1,143 4,754 I,iio 34 12 760 2,348 5,313,291 1.462 627 2.343 5,397.107 Reconclllatlon of movement of fur Openln8 balan Income Expendlture Transfer C1051ng balance Unrestrirted Funds General fvnd 44,588 44,588 123,998 123.998 121,9831 1121,9831 785 78S 47,388 47.388 Restrlcted Funds Property Workers Support Missions Sunday School Presbyrerian Woman Glrls, Brlgade Youth Club 80¢5 Brl8ade Luncheon Fellowshlp Choir Youth Fellowship PaTent and Toddler Group Benevolent Fund 5.282.234 4,027 10,176 895 699 S.C99 1.143 4.754 i.iio 34 12 760 2,348 5.313.291 5.357.879 8956 15.636 41.205 477 5.361 7.265 614 4.478 16.8061 117,8201 140,229) 13231 {5.1221 (6,925} 15861 (3,7721 5,365,284 1,843 11,272 1.049 938 5.339 1.171 4.675 1,104 120 iiooi 1785) 1141 13.4371 {7731 18) {85,8221 1207.8051 1201 4M7 1.462 627 2,343 5,397,107 5.444,495 170,423 294.421 {7851 Total 16
Presbyter an BROOKSIDE CONGREGATION OFTHE pREsBER1AN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Iconydl 17. Related Party Transactlons Rev Wllliam Moody is a tnjstee of the church. In h15 capacity as the minister of the ¢onBregatlon he rÈceived remuneration of £42,696 and an expensÈs allowance of £7,036. Pension contributlons of £10.247 were also paid by the congregatlon in spect of them to the Presbyterlan Church in Ireland PensM)n Scheme120091. Employerf5 NIC of £5,607 was paid to the Presbylerlan Chur¢h In Ireland forthe minister. Durlng the year the congreBatlon contrilwted the followlng amounts to Funds of General Assembly of the Presbyterlan Church In Ireland. a separate charity: Assessments Unlted Appeal 11,286 2.408 There were no other related party transactlons. 17