Presbyter an HARRYVILLE PRESBYTERIAN CHURCH STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2024 Income and Endowments from.. Donations and legacies Other trading activities Investments Other 214,465 3,070 5,908 76 51,179 265,644 3,070 12,418 7,690 279,784 560 6,510 7,614 3,574 6,257 Total 223,519 65,303 288,822 290,175 Expenditure on: Raising funds Charitable activities Other 1,034 113,349 15,260 1,034 153,264 33,287 995 39,915 18,027 157,820 38,131 Total 129,643 57,942 187,585 196,946 Net gains/{105sesl on investments Net Income / (expenditure) Transfers between funds 93,876 16,1061 7,361 6,106 101,237 93,229 Net movement in funds Reconciliation of funds: Total fund5 brought forward 87,770 13,467 182,323 1,723,178 101,237 93,229 1,905,501 1,812,272 Total funds carried forward 270,093 1,736,645 2,006,738 1,905,501 14
Presbyter an HARRYVILLE PRESBYTERIAN CHURCH BALANCE SHEET As at 31 December 2024 Fixed assets: Tangible assets Investments 12 1,500,000 1,500,000 1,50Q,000 13 Total Fixed Assets Current assets 1,500,000 1,500,000 Debtors 14 22,145 9,041 31,186 30,838 Prepayments/Accrued income Cash at bank and in hand Total current assets 14 511 510 1,021 15 249,150 227,094 476,244 374,663 271,805 Liabilities: 236,645 508,451 405,501 Creditors.. Amounts falling due within one year 16 11,7131 11,7131 Net current assets or liabilities 270,093 236,645 506,738 405,501 Total assets less current liabilities Creditors., Amounts falling due after 17 more than one year 270,093 1,736,645 2,006,738 1,905,501 Provision5 for liabilities Total net assets or liabilities 270,093 1,736,645 2,006,738 1,905,501 15
HARRYVILLE pREsBER1AN CHURCH BALANCE SHEET As at 31 December 2024 Funds of the charity Endowment funds Restricted income funds Unrestricted funds Revaluation reserve 18 18 1.736.645 1,736,645 1,723,178 18 270,093 270,093 182,323 18 Total charity funds 270,093 1.736,645 2,006,738 1,905,501 Approved by the Kirk Session at a meeting on 2nd September 2025 and signed on its behalf by: Name Name 2nd September 2025 2. September 2025 16
Presbyter an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland IFRS1021 (effective l January 20151- (Charities SORP IFRS 1021}. 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. FUND ACCOUNTING Restricted funds comprise {al income from endowment5 which is to be expended only on the restricted purposes intended by the donor and Ib) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance bas1S. Unrestricted funds are income fund5 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 {SOFAI when., the congregation becomes entitled to the resources; the trustees are virtually certain they will receive the resources,. and the monetary value can be measured with sufficient reliably. (li) 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 17
Presbyter an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS 31 December 2024 I. ACCOUNTING POLICIES (cont'd) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resource5. (iv) 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. {v} Contractual income and performance related grants This 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 a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. (vii) Donated services and facilities These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. (viii} Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. (ix) Investment income This is included in the accounts when receivable. (x) Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 18
an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS 31 December 2024 I. ACCOUNTING POLICIES {cont'd) EXPENDITURE AND LIABILITIES {xi) Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. (xii) Governance costs 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. (xiii) 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 / (LIABILITIES) Tangible Fixed Assets The assets of the Church comprise.. Main Church Building, stores and contents at Casement Street, Ballymena Church Hall building and contents at Casement Street, Ballymena Manse building at l Grange Road, Ballymena 19
an HARRYVILLE PRESBYfERIAN CHURCH NOTES TO THE ACCOUNTS (cont'dl 31 December 2024 ACCOUNTING POLICIES {cont'd) From l January 2024 any tangible fixed assets purchased for use by the church are capitalized if they can be used for more than one year, and cost at least £1,000. They are valued at cost or, if gifted, at the value to the charity on receipt. The Trustees have agreed that any fixed asset addition with a value of less than £1,000 does not need to be shown as assets and will simply be written off as expenditure in the year of purchase. 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 expected useful life as follows: Fixtures, fitting5 and equipment 20% straight line Computers, software and technical equipment 200/0 Straight line Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held and other short-term highly liquid investments with maturities of three months or less. Financial instruments The Church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basis financial instruments are initially recognized at transaction price and subsequently measured at their settlement value. 20
Presbyter an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 DONATIONS AND LEGACIES Recorded giving.. Loose collections Donations and gifts Gift Aid Legacies and bequest 130,735 41,827 1,320 8,368 23,042 51,000 172,562 177,030 1,320 943 8,968 8,224 31,794 92,587 51,000 1,000 600 8,752 214,465 51,179 265,644 279,784 OTHER TRADING ACTIVITIES Letting of premises Sale of old chairs 2,850 220 2,850 220 560 3,070 3,070 560 21
an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 INVESTMENT INCOME Deposit interest 5,908 6,510 12,418 3,574 5,908 6,510 12,418 3,574 22
Presbyter an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 OTHER INCOME Insurance claims Other income 76 7,614 7,690 6,257 76 7,614 7,690 6,257 23
Presbyter an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 RAISING FUNDS l! li I: FWO envelopes Fundraising events 1,034 1,034 995 1,034 1,034 995 EXPENDITURE ON CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance cost5 18,474 850 84,430 4,009 18,474 15,473 850 681 84,430 90,925 4,009 3,267 27,145 27,372 18,356 20,102 27,145 5,586 12,770 113,349 39,915 153,264 157,820 24
Presbyter an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER EXPENDITURE Properties Expenses Other 15,260 18,027 33,287 38,131 15,260 18,027 33,287 38,131 INVESTMENTS The congregation has no investments with either the Presbyterian Church in Ireland or any investment institution {2023.. £nill 25
Presbyter an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 EMPLOYEES 2024 2023 Wages and Salaries Social Security Costs Pension contributions 14,408 23,056 947 1,068 337 14,745 25,071 Number of Employees The average number of employees, including the minister of the congregation, during the year was: 2024 2023 Average number of employees There were no employees in receipt of employee benefits in excess of £60,000. 10. PENSION COSTS The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme12009}. 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 Scheme12009} is a funded Scheme of the defined benefit type, 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 contribution5 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, expense5, the cost of insuring death in service benefit5 and funding the scheme deficit. 26
Presbyter an HARRYVILLE PRESBYfERIAN CHURCH The contributions made by the congregation during the year were: 2024 2023 Contributions 10,851 10,334 The congregation operates a defined pension contribution policy for its employees. The scheme and its assets are held by an independent scheme manager. The pension charge represents the contributions due from the congregation during the year 27
Presbyter an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 TANGIBLE FIXED ASSETS Cost or valuation At 01/01/2024 Additions Disposals 1,500,000 1,500,000 At 31112/2024 1,500,000 1,500,000 Depreciation At 01/01/2024 Provision for year Disposals At 31/12/2024 Net Book Value At 31112/2024 1,500,000 1,500,000 At 01/01/2024 1,500,000 1,500,000 The congregation owns the Church & Church Hall premises situated at Casement Street along with associated fixtures, fittings, plant and machinery and a Manse on Grange Avenue, for the use of the Church Minister. Details of the historical cost5 of the above assets purchased prior to l January 2024 are not available. This being the case all assets purchased prior to this date are included in the balance sheet at valuation as at l January 2024.No depreciation has been provided on these assets a5 the current estimated residual value is not less than the carrying value. This will be reviewed regularly by the Trustees. 28
Presbyter an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 11. DEBTORS 2024 2023 Gift Aid Recoverable Prepayments and accrued income 31,187 30,838 1,021 32,208 30,838 12. CASH AT BANKAND IN HAND 2024 2023 Ulster Bank (current account) Ulster Bank {deposit account) Organizations 178,706 136,789 258,542 200,000 38,994 37,875 476,242 374,664 13. CREDITORS: amount falling due within one year Accruals and deferred income 2024 2023 1,713 29
Presbyter an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS {cont'd) 31 December 2024 14. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at start Income Expend. Gains/ Losses Transfer Balance at end General Fund 182,323 223,519 129,643 93,876 {6,1061 270,093 Unrestricted Funds 182,323 223,519 129,643 93,876 (6,106) 270,093 Property/Building Fund United Appeal General Mission Fund Serve Harryville SMJ pw Wednesday Fellowship Flower Fund Youth Club Girls, Brigade Boys, Brigade Parents & Toddlers Heart for Harryville Youth Fellowship 1,667,266 28,931 18,252 13,345 13,843 10,679 1,677,945 17,332 414 2,980 2,851 628 332 788 10,768 4,223 207 15,019 370 113,3451 13,345 28,254 14 70 947 900 483 2,373 1,066 13 15351 11,7361 11851 48 156 18,398 427 2,495 2,780 443 380 944 10,768 5,187 548 16,088 242 605 2,683 1,085 435 2,217 50 1,665 2,795 3,042 159 2,143 131 12471 (1591 11,6111 (1281 1,211 500 2,680 532 Restricted Funds 1,723,178 65,302 57,941 7,361 6,106 1,736,645 Total 1,905,501 288,821 187,584 101,237 2,006,738 30
Presbyter an HARRYVILLE PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 15. RELATED PARTY TRANSACTIONS One of the Trustees, the minister of the congregation received remuneration of £45,213 and expenses of £7,582 for acting in that capacity. Pension contribution of £10,851 was 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, and no trustees claimed expense5 during the year in connection 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 separate charity. £18,474 for congregational assessments £13,345 towards the United Appeal The congregation contributed £850 towards Presbytery Asse55ments during the year. There were no other related party transactions. 31