an
BUCKNA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY
FOR YEAR ENDED 31 DECEMBER 2024
UNRESTRICTED
RESTRIcfED
TOTAL
TOTAL
FUNDS
FUNDS
2024
2023
Income and endowments from
Donations and legacies
Charitable activities
Investments
Other Income
125,883
1,289
122
1,075
286,370
32,055
3,392
6,660
412,253
33,344
3,513
7,735
336,511
28,830
6,916
3,544
Total
128,369
328,477
456,847
375,803
Expenditure on:
Raising funds
Charitable actlvltles
118,435
98,056
216,491
179,894
Total
118,435
98,056
216,491
179,894
Net incomel(expendlture)
Transfers between funds
Net movement in funds
9,934
(7,107)
2,827
230,421
7,107
237,528
240,356
195,909
240,356
195,909
Reconciliation of funds:
Total funds brought forward
20,620
1,559,278
1,579,898
1,383,989
Total funds carried forward
23,447
1,796,806
1,820,253
1,579,898
12

an
BALANCE SHEET
AS AT 31 DECEMBER 2024
NOTES LINAEwRIcfED
REsfRIcfED
TOTAL
YOTAL
FUNDS
FUNDS
FUNDS
FLINDS
2024
2023
FIXED ASSETS
Tangible assets
Investments
io
li
2,044,423
2,044,423
1,164,118
Total fixed assets
2 044,423
2,044,423
1,164,116
CURRENT ASSETS
Debtors
Cash at bank and in hand
Total current assets
12
13
21.477
4,771
26,248
41,546
114,396
155,942
63,023
119,167
182,189
51,203
415,978
467,180
LIABILMES
CredltOTS.' amounts falllng
due wllhin one year
14
2,800
403,559
406,359
51,400
Net current Jssets
23,447
247,617
224,170
415,780
Total net assets
23,447
1,796,806
1,820,253
1579,898
FUNDS OFTHE CHARrrY
Unrestricted funds
Restricted funds
15
15
23,447
23,447
1,796,806
20,620
1,559,278
1,796,806
Total charlty funds
23,447
1,796,806
1,820,253
1,579,898
Approved by the Kirk Se5slon at a meetlng on 1.5.2025 and signed on Its behalf by..
Mr Wllnor Reld
(Clerk of Se551on)
Mrs Maureen Currle
(Treasurer)
Dated .. 1st May 2025
Dated . 1st May 2025
13

an
BU
KN
CONGRE
N OF THE PRE
RIAN CHURCH IN I
ND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of flnancial statements
The financial statements have been prepared In accordance with Accounting and Reportlng by
Charities:Statements of Recommended Prartice applicable to charities preparing their accounts
in accordance with Financial Reportlng Standard applicable in the UK and Ireland (FRS102)
(effective l January 2015).
The flnancial statements have been prepared under the hlstorlcal 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 gatherlngs of church members.
Fund accounting
Restrlcted funds comprise revenue donations or grants for a specific congregational actlvlty Intended
by the donor. Where these funds have unspent balance, interest on thelr pooled Investment Is
apportioned to the indlvldual funds on an average basis.
Unrestrlcted funds are income funds whlch are to be spent on the congregation's general purposes.
Designated funds are general funds set aslde by the congregation for use in the future.
Income resources
Reco
nition of in
These are included in the Statement of Flnancial Actlvltles (SOFA) when..
the congregation becomes entitled to the resources.
the trustees are virtually certain they will receive the resOur￿s. and
the monetary value can be measured with sufficlent reliably.
(i)
resources
(li)
urces with r
la
Where incoming resources have related expenditure (as with fundraising income) the incoming
resources and related expenditure are reported gross in the SOFA.
(iii)
nd donations
Grants and donations are only included in the SOFA when the congregation has unconditional
entitlement to the resources.
(iv)
claims on donations and
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to
which they relate.
14

an
NA CONGREGATION
PRESBrfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
ACCOUNTING POLICIES- CONT'D
(v)
ntractual in
ce related
rants
This is only Included in the SOFA once the related goods or serv1￿5 have been dellvered.
The value of any voluntary help recelvedls not Included in the accounts but is described in the
trustees, annual report.
Expenditure and Ilablltles
(vii)
Ll
reco
nitio
Liabilities are recognlsed as soon as there is a legal or constructive obligation committlng the
congregation to pay out resour￿5.
(vlll)
rnan
costs
These are shown withln charltable actlvltles and Include the costs of preparatlon and
examination of accounts, the costs of trustee meetings and cost of any legal advi￿ to trustees
on governance or constitutional matters.
(ix)
rants with erf
Where the charlty glves a grant with conditions for its payment being a speciflc level of Servi￿ or
output to be provlded, such grants are only recognised in the SOFA once the reclpient of the grant
has provided the specif5ed service or output.
rm
(x)
Grants
abl
erfo
ndi
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.
an
(xi)
Tan
ible fixed asse
Tangible flxed assets for use by charity are capitalised If they can be used for more than one
year, and c05t at least £500. They are valued at cost or, if gifted, at the value to the charity on
receipt.
Depreciation Is recorded on all tsngible flxed 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, fittings and equipment
Computers, sothare and technical equipment
over 10 years
over 4 years
15

an
BUCKNA C
NGREGATION
F THE PREsB￿ERI
N CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
INCOME FROM DONATIONS AND LEGACIES
UNRESTRICTED
REsfRicfED
TOTAL
TOTAL
FUNDS
FUNDS
FUNDS
FUNDS
2024
2023
Recorded giving
Loose collettions
Donations and gifts
Legacies and bequests
Gift aid
107,437
215,306
3,192
3,365
22,961
41,546
286,370
322,743
3,192
3,465
22,961
59,892
412,253
280,212
1,914
1,220
4,930
48,235
336,511
loo
18,346
125,883
INCOME FROM CHARITABLE ACTIVITIES
UNRESTRIcfED
RE$fRI￿ED
TOTAL
TOTAL
FUNDS
FUNDS
FUNDS
FUNDS
2024
2023
Organlsation income
Sale of study books etc
Grants
24,304
24,304
1,289
7,751
33,344
22,689
941
5,200
28,830
1,289
7,751
32,055
1,289
INCOME FROM INVEsfMENTS
UNRESTRICTED
RESTRICTED
TOTAL
TOTAL
FUNDS
FUNDS
FUNDS
FUNDS
2024
2023
Bank interest and gain on investment
122
3,392
3,513
6916
OTHER INCOME
UNRESTRIcfED
RESTRIcfED
TOTAL
TOTAL
FUNDS
FUNDS
FUNDS
FUNDS
2024
2023
Other income
1,075
6660
7,735
3544
16

an
KNA
GRE
OFTH
ESB￿E
HIN
LAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
EXPENDITURE ON RAISING FUNDS
UNRESTRICTED
RESTRicfED
TOTAL
TOTAL
FUNDS
FUNDS
FUNDS
FUNDS
2024
2023
FWO envelopes
EXPENDrruRE ON CHARrrABLE ACTIvrrIES
UNREsfRicfED
RESTRICTED
TOTAL
TOTAL
FUNDS
FUNDS
FUNDS
FUNDS
2024
2023
General assembly
assessments
Presbytery fees
Minlstry and support
staff costs
Congregatlonal running
expenses
Donatlons to Misslons
and charitles
Governance costs
Depreclatlon charge
9,945
2,317
9,945
2,317
8,985
2,527
78,146
78,146
79,371
26,443
97,966
124,409
88,236
1,584
1,584
675
90
98,056
90
216,491
loo
179,894
118,435
EMPLOYEES
TOTAL
TOTAL
FUNDS
FUNDS
2024
2023
Wages, salaries and expense allowan
Social security costs
Penslon contributions
61,542
5,246
9,619
76,406
63,317
5,006
9,160
77,483
The average number of employee5, including the mlnlster of the congregation, during the
year was..
2024
2023
Average number of employees
There were no employees in receipt of employee benefits in exce55 of £60,000.
17

an
BUCKNA CONGRE
ATION OF ThE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
PENSION COSTS
The minister of the congregatlon Is a member of the Presbyterlan Church In Ireland Pension Scheme (2009).
This is a scheme operated by the Presbyterian Church In Ireland, a separate reg5stered 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 pald to the mlnster. The Presbyterian
Church In Ireland Pension Scheme (2009) is a funded scheme of the defined beneflt 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 contributlons was drawn up on 25 November 2015 whereby
the Presbyterian Church agreed to pay from 31 December 2015 contributions of 240/0 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 contrlbutlons made by the congregation durlng the year were:
TOTAL
TOTAL
FUNDS
FUNDS
2024
2023
Contributions
9,619
9,160
18

Presbyter
an
NA
GREGA
ON OF THE PRESBYfERIAN
HU
ELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
io
TANGIBLE FIXED ASSETS
BUILDINGS
FzxfuRES
TOTAL
FIrrINGS &
EQUIPMENT
COST OR VALUATION
At start of year
Additions
Disposals
3,274,501
880,395
20,980
3,295,481
880,395
At end of year
4,154,896
20,980
4,175,876
DEPRECIATION
At start of year
Provision for year
Disposals
2,111,283
20,080
90
2,131,363
90
At end of year
2,111,283
20,170
2,131,453
NET BOOK VALUE
At start of year
1,163,218
900
1,164,118
At end of year
2,043,613
810
2,044,423
19

Presbyter
an
KNA
RE
ATION
F THE pREsB￿ERlAN CHU
ND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
li
INVESTMENTS
2024
2023
Value at 31 December 2024
12
DEBTORS
UNRESTRIcfED
RESTR[￿E0
TOTAL
TOTAL
FUNDS
FUNDS
FUNDS
FUNDS
2024
2023
Gift Aid Recoverable
Prepayments
18,346
3,130
41,546
59,892
3,130
48,235
2,967
21,477
41,546
63,023
51,203
13
CASH AT BANK AND IN HAND
UNRESTRicfED
RESTRIcfED
TOTAL
TOTAL
FUNDS
FUNDS
FUNDS
FUNDS
2024
2023
Bank cUr￿nt accounts
Bank dep051t account
Cash in hand
4,771
114,396
119,168
415,978
4,771
114,396
119,168
415,978
14
CREDITORS: amounts falling due withln one year
UNRESTiucfED
RESTR[￿ED
TOTAL
TOTAL
FUNDS
FUNDS
FUNDS
FUNDS
2024
2023
Accruals
Interest free loan5
Bank loan
2,800
2,800
75,000
328,559
406,359
1,400
50,000
75,000
328,559
403,559
2,800
51,400
20

Pres
an-
CKNA CONGRE
F THE PRE
B￿ERIAN
H IN IRELAND
NOTÉS TO THE ACCOUNTS
31 DECEMBER 2024
15
FUND BALANCES AND RECONCILIATION OF FUNDS
BALANCE
INCOME
EXPEND
TRANSFER
BALANCE
AT
AT
START
END
UNRESTRicfED FUNDS
l General account
20,620
128,369
118,435
(7,107)1
23,447
128 369
118 435
RESTRICTED FUNDS
United Appeal
pci student Bursary
i Romanian outreach
i Knit & Natter
IPSNI
Buckna LOL
RBP
Missionary
Cholr
l Buildlng
',Girls Brigade
Sunday School
Junior Christian Endeavour
Maintenance & Repair
944
(6,570)
209
526
120
1,020
(1,020)
31
(447)1
(31)
8,954
(26,704)
7,386
359,154
217,977
8,329
1,138
838
(536,753)
(7,985)
(1,168)
1,492
445
523
40,342
(14,295)
(1,128) [-
(5,853)
(20,330)
.Youth Club
i Bowling Club
449
580
(6,781)
(7,553)
(10,756)
(431)1
(4,449)
Boy5 Brigade
Building No 5
. Sunshine club
Loan account
4,785
2,015,714
1,134,913
3,365
892
888,192
(324,liO)
(328,559)
1,559,278
328,477
(98,056)
7,107 |
1,796,806
TOTAL FUNDS
1,579,898
456,846
1,820,253
21

Presbyter
an
KNA
RE
ATI
F THE PREsB￿ERIAN C
ELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
16
RELATED PARTY TRANSACTION
One of the Trustee5, the mlnlster of the congregatlon recelved remuneration of £40,076
and expenses of £8976 for acting in the capacity. Pension contributions of £9,619 were paid
by the congregation in respect of the mlnister to the Presbyterlan Church in Ireland Pension
Scheme (2009). None of the other trustees received any remuneration.
Durlng the year the congregation contrlbuted the followlng amounts to Fund5 of the General
Assembly of the Presbyterian Church in Ireland a separate charity
£9,945 for congregational assessments
£6,570 towards the United Appeal
The congregation contributed £431 towards Presbytery Assessments during the year.
There were no other related paty transactlons.