Trinity Presbyterian Church, Ballymoney a congregation of the Presbyterian Church in Ireland Trustees Annual Report and Financial Statements for the year ended 31st December 2024 Registered with the Charity Commission for Northern Ireland NIC105405
TRINITY PRES8ERlAN CHURCH, BALLYMONEY TRUSTEES ANNUAL REPORT Page I The Trustees present their Annual Report and Financial Statement5 for the year ended 3 1 December 2024 including a Balance Sheet as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Trinity Congregation of the Presbyterian Church in Ireland 2 Rodeing Foot Ballymoney Co. Antrim BT53 6JJ Registered Charity in Northern Ireland NIC105405 CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were: Norman Acheson Leslie Boyd Peter Crooks Stephen Currie David Dunlop IAppointed 8 September 20241 Desmond Glendinning Rev David Irvine Frank Mi51en Rodney Mitchell William McAleese Kenneth McAuley John Mcllfatrick Robert Owens Andrew Pedlow (Appointed 8 September 20241 Richard Quinn Bertie Quinn Wesley Quinn John Richmond (Appointed 8 September 20241 Jeff Scott (Appointed 8 September 20241 Brian Speirs Charles Steele lan Williamson Robert Workman PRINCIPAL OFFICE BEARERS Minister.. Clerk of Session Secretary to Committee Treasurer Rev. David Irvine Bertie Quinn Doreen Colvin Wesley Quinn INDEPENDENT EXAMINER W R Crymble IWR Crymble Chartered Management Accountants) 3 Governor5 Gate Lane Hillsborough BT26 6FX BANKERS Danske Bank 6 High Street Ballymoney BT53 6AD
TRINITY PRESBYTERIAN CHURCH, BALLYMONEY TRUSTEES ANNUAL REPORT (cont'd) Page 2 STRUCTURE AND MANAGEMENT The Kirk Session The Charity TrLA5tees 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 oversee 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 a nd service in the loca I community and in mission oversea5. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister a nd 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 on the third Monday of 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 are nominated by two -thirds of those who vote. Presbytery Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generallythe spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Trinity Presbyterian Church has been a55igned to the Route Presbytery of the Presbyterian Chu rch in Ireland The membership of the Presbytery consists mainly of the active min isters of congregations assigned to it by the General Assembly, ministers who have retired from active duty and an elderappointed by the Kirk Session of each congregation.
TRINITY PRESBERIAN CHURCH, BALLYMONEY TRUSTEES ANNUAL REPORT Icont'dl Page 3 The General Assembly The General Assembly is the supreme court of the church, representing in one body the whole ChLtrch and acting as its supreme legislative, administration a nd judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its business. Atthe end of business it is dissolved. The membership of the General Assembly consists mainly of the active m inisters of each congregation, retired ministers and a representative elder appointed by the Kirk Session of each congregation. DESCRIPTION AND PURPOSE Trinity Presbyterian Church, Ballymoney, is a congregation of The Presbyteria n Church in Ireland. The Presbyterian Church in I reland, as a Reformed Church with in the wider body of Christ is grounded in the Scriptures, and exists to love and honour God through faith in His Son and bythe power of His Spirit. and to enable her members to play their part in fulfilling God's mission to ou r world. The congregation's mission purpose is to 'Bring unbelieving people to Jesu5 Ch rist, encou rage them to develop towards Christ-like maturity and equip them for ministry in the church and mission to the world. The congregation aims to live out its Mission and Vision as a family of God's people by being.. A Covenant Community: where our relationships are rooted in the promises of God by living faithfully toward him and toward one another An I ntergenerational Community.. where adults intentiona Ily take the lead to engage with, encourage and nurture younger members to maturity in Christ. An Outward looking Community.. where we want the blessings of God that belong to us in the Gospel to become blessings for others beyond the bound5 of our community. As a congregation of the Presbyterian church in I reland, we believe that the Bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechisms set out what we understand the Bible teaches on key matters of Christia n faith and practice.
TRINITY PRESBYTERIAN CHURCH, BALLYMONEY TRUSTEES ANNUAL REPORT Icont'dl Page 4 AcfiviTIES 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 several 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 adm itted to the Lord's Supper. The congregation holds regular Bible study meetings and has a wide range of organisations including Sunday School {Sunday Morning Kids Clubl and Bible Class Youth Club Base Youth Fellowship Buddies and Bundles Bowling Club Boys Brigade The Vine Presbyterian Women Friendship Lunch Coffee Morning Men Doing Fellowship IMDFI ACHIEVEMENTS AND PERFORMANCE Worship and prayer The congregation normally meets for worship each Sunday at 11.30am and 6.30pm. Morning Services are live Streamed and there is a cd distribution to those who are unable to attend. During the week the Bible study provides an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer. As well as our regular services during the year we acknowledged God's gift of new life at one baptism of an infant within the congregation. We give thanks for fa ithful serva nts and seek to comfort those bereaved during the year. At 31st December 2024 there were 215 communicant rnembers and 318 families connected with the congregation. The average weekly attendance at morning worship is 250. Pastoral care Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister, elders or by one of the congregation's pastoral visitors.
TRINITY PRESBYTERIAN CHURCH, BALLYMONEY TRUSTEES ANNUAL REPORT {cont'dl Pa8e 5 Mission and outreach At a local level the congregation seeks to reach out to the local communitv through the organisations as well as special youth and children5 events such as our annual Holiday Bible Club which has up to eighty local children attending. In 2024 we also ran a 'Hope Explored, course in a local community a550Cl8tion and will seek to build on this in 2025. The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and enables mission and outreach on a denominational basis beyor)d what the 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, supports the running costs of Union Theological College, the Church's training college for ministry students, and financially supports congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. Presbytery The congregation was represented at the regular meetings of Presbytery by our minister 3nd/or one of the elders. This provides an important link between the congregations and the wider structures of the church. General Assembly The minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Building5, Belfast, in June. Organisations Approximately 50 young people attend the Sunday School and Bible Class each Sundav between September and June. Young people are also catered for vi the Youth Club and Base (Youth Fellowship) which meet during the winter months. The Bowling Club meet on Monday nights for practice and compete in the loc31 Charity league. The ladies of the congregation held monthly fellowship meetings whilst the men's group, MDF, organise various social and ministry events on a regular basis. The young adults group (The Vinel hold occasional social events while the more senior church members enjoy a monthly lunch served up by the active church c2tering team. There is also a popular coffee morning held twice a month. Volunteer5 The Trustees wish to acknowledge their deep appreciation of those who give f reely of their time by serving on committees and helping with organisations and other church activities.
TRINITY PRESBYTERIAN CHURCH, BALLYMONEY TRUSTEES ANNUAL REPORT {cont'dl Page 6 PUBLIC BENEFIT STATEMENT The Presbyterian Church in I rela nd meets the public benefit requirement by provid ing benefit to its members and the general pu blic 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 Westminister Confession of Faith a nd the Shorter and La rger Catechismsl leading to spiritual and moral development and opportunities for response to Bible teaching. In tu rn, this f ramework leads to practical expressions of Christian beliefs and need lincluding supporting the sick, disabled and bereavedl. Generally the above benef its are delivered locally by congregations and their members, or are facilitated th rough presbyteries or are organ ised and delivered centra Ily. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websltes, a nd socia I 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 pu rpose is related to M inisters, Missionaries. Deaconesses, Irish M ission workers and Lay Agents who receive benef its a5 a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose a re members, their families, other individua Is that the Presbyterian Church in Ireland is in direct and indirect contact with, the commu n ity in which pastoral services 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 organsiations, charities and individual members of the public. The Kirk Session has had regard to the Charity Comrn i55ions pu blic benefit requirement statutory guidance.
TRINITY PRESBYTERIAN CHURCH, BALLYMONEY TRUSTEES ANNUAL REPORT {cont'dl Page 7 FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering. There were 187 Contributors during the year donating a total of £114,3631£113,584 in 20231 Total income of the congregation during the year was £232,180 compared to £266,740 In the previous year Expenditure increased from £209,945 in 2023 to £216,721 in 2024. Added to this is depreciation of £83,9711£83,971 in 20231 giving a total expenditure of £300,692 {£293,916 in 20231. RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The Trustees are required to prepa re fina ncial statements for each fi nancial yea r which give a true and fair view of the state of affa irs of the congregation and the financial activities for the year. I n preparing the financial statements the Trustees are required to: select suitable accou nting policies and then apply them consistently make judgements and estimates that are reasonable and prudent prepare the financial statements on the going concerri basis unless it is inappropriate to presu me that the Fu nds will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the fu nds transactions and disclose with reasonable accuracy at any time the financial position of the congregation and enable them to ensure that the financial statements comply with the Statement of Recommended Practice 'Accounting and Reporting by cha rities11 January 20151,. They a re also responsible for safeguarding the asset5 of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregula rities.
TRINSTY PRESBYTERIAN CHURCH, BALLYMONEY TRUSTEES ANNUAL REPORT Icont'dl Page 8 GOING CONCERN The activities of the congregation are dependent on ongoing contribution5 from its members. The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitments wh ich will arise in the yea r 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 reserve5 that it is appropriate to hold taking account of current and ongoing commitments. It is the policy of the Trustees to hold three to six month's normal expenditure. At the year end unrestricted reserves were £55,492 which falls within this parameter. 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. 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 reputationa I damage and financial risks associated with the expectation of ongoing financia I 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 regulargiving. Approved by the Kirk Session at a meeting on 19th May 2025 and signed on its behalf by L,JJl Rev David Irvi e (Trusteel Mr Bertie Quinn (Trusteel
INDEPENDENT EXAMINERS REPORTTOTHETRUSTEES OF TRINITY CONGREGATION OF THE pREsBER1AN CHURCH IN IRELAND Page 9 I report on the accounts for the year ended 31 Deceniber 2024 which are Set out on pages 10 to 19 . Respectlve responslbllltles of charity trustee5 and examiner As the charity'5 trustees you are re5P0115ible for rhe preparation of the accounii In accordance with the Charities Att (Northern Irelandl 201)8. It IS iiiy responsibility to-. éAamine the accounis under section 65 of the Charities Act 2. follow tli e p(ocedure5 laid down in tl)e genrral DiréCtIOilS givrn by the CoiiimiSsion uiidcr scction 6519llbl of the Charitie5 Act 3. state wpiellier particular mattel-s have come to niy atteiition. Basis of independents examiner's report I have examinèd your charity accouii£S 35 fviiiiired und¥f S¥utiiin 65 of tlie Chaiities Act and niy rmamination was carried out in accordat-lce willi tlie gen¥ral Dii"¥Ltion5 givri I by tlie chai.ity Coniflli55iOlI for Nortl-ierii Ire13nd ui idvf SÉLLion 6519llbl of tlie Charities Act. My examination incli rded a review of the acrounting records képt by tlie charity and a comparison of tlie accounts prrieriied with those records, Ir also included coiisideratioii of aiiy unvsval ifems or disrlosures in tlie accounts, and seeking exolanations froni you as charity trustees concerniiis any such matter5. My role is to stato whiilier any maierial matter5 have come to my attention giving le cause for concern: l. that the 8ccountinB records were riot kept in accordance with section 63 of the Charities Act 2. that the accounts do noL accord with tiiose arcnunting record5 3. that tl ie accouiits do iiot comply with the accounting requirenients of the Charities Act 4. that there 15 furth¥r irilvririation need for a proper und¥f>tanding of tile acioknnti to be re2ched. Independents examiner's statement I have COl3iPieLed n)v éxamination and have rio concerns in respect of the matters111 to141 listed above and, in connection wirh followii Ig tFie Direct10ns of Ihe Chariiie5 Commi55ion for Northern Ireland, I have found rio matter5 that reciuire drawiiig to your attention. Nanie: W R Cryirible Relevant profe5sion31 qu31ification or body.. CIMA AddrrSS: 3 Governor5 Gate Lane, Hi115boroLigh, BT26 6FX D*8te 16 M3y 2025
TRINITY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Page 10 STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2024 Unrestricted Restricted Funds Funds Total 2024 Total Notes 2023 Income and Endowments from: Donations and legacies Charitable activities Activities that generate income Investment Income Other income sources 140,749 64,777 13,316 1,127 28 4.823 205,526 13,316 2,477 697 10,163 243,001 12,030 4,910 492 1,350 669 5,340 6,308 Total 148,109 84,071 232,180 266,740 Expenditure on: Raising Funds Charita ble Activites Other 1,685 145,849 985 1,685 292,990 6,018 1,620 284,528 7,768 147,141 5,033 Total 148,518 152,174 300,692 293,916 Net Income / {expenditure) 14101 168,1031 168,5131 127,1751 Transfers between funds 350 13501 Net movement in funds 160) 168,4531 168,5131 {27,175) Total funds brought forward 55,552 2,122,035 2,177,587 2,204,762 Total funds carried forward 55,492 2,053,582 2,109,074 2,177,587
TRINITY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Page 11 BALANCE SHEET as at 31 December 2024 Unrestricted Funds Restricted Funds Total 2024 Total Notes 2023 Fixed A55ets Tangible assets Investments 1,973,850 1,973,850 2,057,821 1,973,850 1,973,850 2,057,821 Current Assets Gift Aid Receivable Prepayments Cash at bank and in hand 19,242 10,017 29,259 29,186 1,536 127,500 158,222 47,651 66,892 86,490 96,507 134,140 163,399 Creditors- falSing due within one year 11,400 16,775 28,175 38,456 Net Current A55ets 55,492 79,732 135,224 119,766 Creditors- falling due after one year Total Net Assets 55,492 2.053,582 2,109,074 2,177,587 U nrestricted funds Restricted fund5 Endowment funds 55,492 55,492 2,053,582 55,552 2,122,035 2,053,582 Total Funds 55,492 2,053,582 2,109,074 2,177,587 Approved by the Kirk Session at a meeting on 19th May 2025 and signed on its beha If by Rev David I ne (Trusteel Mr Bertie Quinn (Trusteel
TRINITY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Page 12 NOTES TO THE ACCOUNTS 31 December 2024 I. 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. The f inancial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financia I 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 ACOUNTING 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 {al income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl 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 basis. Unrestricted funds are income funds which are to be spent on the congregation's genera I purposes. Designated funds are general funds set aside by the congregation for use in the futu re.
TRINITY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Page 13 NOTES TO THE ACCOUNTS 31 December 2024 I. ACCOUNTING POLICIES {cont'd} INCOMING RESOURCES {1) Recognition of incoming resources These are included in the Statement of Financial Activities ISOFAI when: * the congregation becomes entitled to the resources,. * the trustees are virtually certain they will receive the resources; and * the monetary va Sue can be measured with sufficient reliably. {ii) Incoming resources with related expenditure Where incoming resources have related expenditure las with fundraising incomel the incoming resources and related expenditure are reported gr05s in the Sofa. lili) Grants and donations Grants and donations are only included in the Sofa when the congregation has unconditional entitlement to the resources. (iv) Tax reclaims on donations and gifts Incoming resource5 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. Ivi) Gifts in kind Gift5 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 incl uded in the account5 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. {viil Donated services and facilities These are only included in incoming resource5 (with an equivalent amount in resources expended) where the benefit to the charity is rea50nablv quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
TRINITY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Page 14 NOTES TO THE ACCOUNTS 31 December 2024 I. ACCOUNTING POLICIES Icont'dl {viiil Volunteer help The value of any volunta ry help received is not included in the accounts but is described in the trustees, annua I report. (ix) Investment income This is included in the accounts when receivable. Ixl Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resu Iting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES (xil Liability recognition Lia bi lities a re 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. ASSETS Ixiiil Tangible Fixed Asset5 Tangible fixed assets for use by cha rity are ca pitalised 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. Depreciation is recorded on all tangible fixed assets other tha n freehold and, at rates calculated to write of the cost, less estimated residua I value, of each asset over its expected useful life as follows Buildings: over 50 years Fixtures, fittings and equipment- overten years MotorVehicles- over 4 years Computers, software and technical equipment- over 4 years. (xiv) Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets a re included at trustees, best estimate of market value.
TRINITY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Page 15 NOTES TO THE ACCOUNTS ( cont'dl 31 December 2024 Unrestricted Re5trirted Funds Funds Total 2024 Total 2023 2 Donations and Legacies Donations and gifts Loose collection5 Gift Aid Gifts in Kind Legacies and Bequests 114,363 7,144 19,242 53,581 1,178 10,017 167,945 8,322 29,259 173,950 8,465 29,186 31,399 140,749 64,777 205,526 243,001 3 Charitable Activities Income from Charitable Activities Members Fee5 Fundraising Events Grants 13,316 13,316 12,030 13,316 13,316 12,030 4 Activities that generate income Trading Income 1,350 1,127 2,477 4,910 5 Investment Income Bank Interest General Investment Fund 665 28 693 489 669 28 697 492 6 Other Income Sources Use of premises Other Income Gifts/ Contributions 5,280 60 5,280 4,883 4,856 1,452 4,823 5,340 4,823 10,163 6,308 7 Raising Funds Offering Envelopes 1,685 1,685 1,620 8 Charitable Activities General Assembly Assessments Presbytery Fees Ministry and support Staff costs Congregational running expenses Donations to Missions and Charities Governance Costs Depreciation Property 29,678 718 82,358 4,368 500 1,019 539 30,217 718 89,947 8,484 45,131 1,189 83,971 33,333 292,990 29,489 710 79,622 12,416 44,323 1,527 83,971 32,469 284,528 7.589 4,116 44,631 171 83,971 6,125 147,141 27,208 145,849 9 Other Organi5tion running expenses 985 5,033 6,018 7,768
TRINITY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Page 16 NOTES TO THE ACCOUNTS (CONT'D) 31 December 2024 10. EMPLOYEES Employment Costs Total Funds Total Funds 2024 2023 Wages and Salaries Social Secu rity Costs Pension contributions Pulpit Supplies Ministry Allowances and Expenses 77,733 6,573 10,623 1,365 10,848 107,142 66,779 5,556 10,117 1,313 8,416 92,180 Number of Employees The average number of employees, including the minister of the congregation, during the year was Total Funds Total Funds 2024 2023 Average number of employees There were no employees in receipt of employee benefits in excess of £60,000
TRINITY PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS (CONT'DI 31 December 2024 Page 17 11. PENSION COSTS The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme120091. This is a scheme operated by the Presbyterian Chu rch in Irela nd, a sepa rate registered charity. The congregation pays an assessment to the Presbyterian Church in I reland equivalent to the employer's pension contribution for the Scheme and based on the sÈipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme120091 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 suff iciently funded to meet current and future obligations. A formal schedu le of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24D/o of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insu ring death in service benefits and fu nding the scheme deficit. The contributions made by the congregation during the year were Total Funds Total Funds 2024 2023 Contributions 10,623 10,117 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. Contributions
TRINITY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Page 18 NOTES TO THE ACCOUNTS (CONT'DI 31 December 2024 12 TANGIBLE FIXED ASSETS Land & Buildings Fixtures & Fittings Vehicles Tota I Cost or valuation At l January 2024 Additions Disposals At 31 December 2024 3,516,361 82,303 5,000 3,603,664 5,000 5,000 3,598,664 3,516,361 82.303 Depreciation At l January 2024 Provision for year Eliminated on Disposals At 31 December 2024 1,527,200 70,327 13,644 13,644 5,000 1,545,844 83,971 5,000 1,624,814 5,000 1,597,527 27,287 Net Book Value At 31 December 2024 1,918,834 55,016 1,973,850 At l January 2024 1,989,161 68,660 2,057,821
TRINITY PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Page 19 NOTES TO THE ACCOUNTS I cont'dl 31 December 2024 13 Fund Balances and Reconciliation of Funds At start of year At end Expenditure GainllLossl Transfers of year Income Unrestricted Funds General Fund 55,552 148,109 148,518 14101 350 55,492 Restricted Funds United Appeal World Development Presbyterian Childrens Society Leprosv Students Bursary Fund Sunday School Missionary Property Manse Ministry Fund Youth Club Beehive Buddies n Bundles Bowling Club Coffee Morning Pastoral Care Minibus Womans Fellowship The Vine Catering Time Out Flowers MDF Friendship Lunch 13,411 253 877 61 1,192 2,138 15,538 13,009 13,411 253 877 61 1,192 1,023 19,678 79,623 10,453 7.457 2,386 1,064 17,999 1,735,484 334,807 6.341 10.238 1,719 927 208 5,328 361 1.115 14.1401 166,6141 110,4531 4,878 5,785 2,178 13,859 1.668,870 324,354 14,219 16,024 1,719 868 484 3,364 331 2,600 1,513 69 254 12,336 8,171 3.000 686 4,580 1,130 744 1591 525 1,036 1301 1,533 296 50 1901 4,055 94 30 243 3,209 175 920 12501 13,0001 1,067 1,217 19 344 1,776 3,506 225 830 604 3,387 920 1,115 1,770 1,467 1,184 3,712 1.394 1691 11,9421 73 536 1,446 893 iiooi 2,177,587 232,180 300.692 168,5131 2,109,074
TRINITY PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Page 20 NOTES TO THE ACCOUNTS ICONT'DI 31 December 2024 14. RELATED PARTY TRANSACTIONS Two of the trustees, the minister of the congregation and the church officer received total remuneration of £57,059 and expenseslallowances of £8,835 for acting in their capacity. Pension contributions of £10,623 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme120091. None of the other trustees received any remuneration. During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity £13,021 for congregational assessments £13,411 towards the United Appeal £253 towards the World Development Appeal £877 to the Presbyterian Children's Society £1,192 to the Student's Bursary Fund The congregation contributed £718 towards Presbytery Assessments during the year