# **Trinity Presbyterian Church, Ballymoney a Congregation of The Presbyterian Church In Ireland** 

**Financial Statements for the year ended 31st December 2025** 

Registered with the Charity Commission for Northern Ireland, NIC105405 

**TRINITY PRESBYTERIAN CHURCH** 

**Page 10** 

**a Congregation of The Presbyterian Church In Ireland** 

## **STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2025** 

|**Notes**<br>**Income and Endowments from:**<br>Donations and legacies<br>2<br>Charitable activities<br>3<br>Activities that generate income<br>4<br>Investment Income<br>5<br>Other income sources<br>6<br>**Total**<br>**Expenditure on:**<br>Raising Funds<br>7<br>Charitable Activites<br>8<br>Other<br>9<br>**Total**<br>**Net Income / (expenditure)**<br>**Transfers between funds**<br>**Net movement in funds**<br>**Total funds brought forward**<br>**Total funds carried forward**|**Unrestricted**<br>**Restricted**<br>**Total**<br>**Total**<br>**Funds**<br>**Funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>**£**<br>**£**<br>255,937<br>58,870<br>314,807<br>205,526<br>-<br>7,813<br>7,813<br>13,316<br>1,540<br>6,687<br>8,227<br>2,477<br>3,092<br>17<br>3,109<br>697<br>5,700<br>1,201<br>6,901<br>10,163|
|---|---|
||266,269<br>74,588<br>340,857<br>232,180|
||1,685<br>-<br>1,685<br>1,685<br>146,167<br>146,831<br>292,997<br>292,990<br>1,850<br>3,210<br>5,060<br>6,018|
||149,702<br>150,041<br>299,742<br>300,692|
||116,567<br>(75,453)<br>41,114<br>(68,513)|
||300<br>(300)<br>-<br>-|
||116,867<br>(75,753)<br>41,114<br>(68,513)|
||55,492<br>2,053,582<br>2,109,074<br>2,177,587|
||172,359<br>1,977,829<br>2,150,188<br>2,109,074|



**TRINITY PRESBYTERIAN CHURCH** 

**Page 11** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **BALANCE SHEET as at 31 December 2025** 

||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
|**Notes**|**Funds**|**Funds**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|
|**Fixed Assets**|||||
|Tangible assets|-|1,889,879|1,889,879|1,973,850|
|Investments|-|-|-|-|
||-|1,889,879|1,889,879|1,973,850|
|**Current Assets**|||||
|Gift Aid Receivable|18,562|9,006|27,567|29,259|
|Prepayments|-|-|-|-|
|Fixed Term Deposit|115,338|-|115,338|-|
|Accrued Interest|2,355|-|2,355|-|
|Cash at bank and in hand|42,875|84,155|127,030|134,140|
||179,129|93,161|272,290|163,399|
|**Creditors - falling due within one year**|6,770|5,210|11,981|28,175|
|**Net Current Assets**|172,359|87,950|260,309|135,224|
|**Creditors - falling due after one year**|-||-|-|
|**Total Net Assets**|172,359|1,977,829|2,150,188|2,109,074|
|Unrestricted funds|172,359|-|172,359|55,492|
|Restricted funds|-|1,977,829|1,977,829|2,053,582|
|Endowment funds|||||
|**Total Funds**|172,359|1,977,829|2,150,188|2,109,074|



- 

Approved by the Kirk Session at a meeting on 16th March 2026 and signed on its behalf by 

Rev David Irvine (Trustee) 

Mr Bertie Quinn (Trustee) 

**TRINITY PRESBYTERIAN CHURCH** 

**Page 12** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS 31 December 2025** 

## **1.  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 (FRS102) (effective 1 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 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 (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) 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 general purposes.  Designated funds are general funds set aside by the congregation for use in the future. 

**TRINITY PRESBYTERIAN CHURCH** 

**Page 13** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS 31 December 2025** 

## **1.  ACCOUNTING POLICIES (cont'd)** 

## **INCOMING RESOURCES** 

## **(i) Recognition of incoming resources** 

These are included in the Statement of Financial Activities (SOFA) 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. 

## **(ii) 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. 

## **(iii) 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 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 sale or distribution are included in the accounts 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. 

## **(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. 

**TRINITY PRESBYTERIAN CHURCH** 

**Page 14** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS** 

## **31 December 2025** 

## **1.  ACCOUNTING POLICIES (cont'd)** 

## **(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. 

## **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. 

## **ASSETS** 

## **(xiii) Tangible Fixed Assets** 

Tangible fixed assets for use by charity are capitalised 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 than freehold land, at rates calculated to write of the cost, less estimated residual value, of each asset over its expected useful life as follows 

Buildings: - over 50 years 

Fixtures, fittings and equipment - over ten years Motor Vehicles - 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 are included at trustees' best estimate of market value. 

**TRINITY PRESBYTERIAN CHURCH** 

**Page 15** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS ( cont'd)** 

## **31 December 2025** 

|**2 Donations and Legacies**<br>Donations and gifts<br>Loose collections<br>Gift Aid<br>Gifts in Kind<br>Legacies and Bequests<br>**3 Charitable Activities**<br>Income from Charitable Activities<br>Members Fees<br>Fundraising Events<br>Grants<br>**4 Activities that generate income**<br>Trading Income<br>**5 Investment Income**<br>Bank Interest<br>General Investment Fund<br>**6 Other Income Sources**<br>Use of premises<br>Other Income<br>Gifts/ Contributions<br>**7 Raising Funds**<br>Offering Envelopes<br>**8 Charitable Activities**<br>General Assembly Assessments<br>Presbytery Fees<br>Ministry and support staff costs<br>Congregational running expenses<br>Donations to Missions and Charities<br>Governance Costs<br>Depreciation<br>Property<br>**9 Other**<br>Organistion running expenses|**Unrestricted**<br>**Restricted**<br>**Total**<br>**Total**<br>**Funds**<br>**Funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>**£**<br>**£**<br>114,697<br>44,979<br>159,676<br>167,945<br>7,340<br>4,886<br>12,226<br>8,322<br>18,562<br>9,006<br>27,567<br>29,259<br>0<br>0<br>0<br>0<br>115,338<br>0<br>115,338<br>0|
|---|---|
||255,937<br>58,870<br>314,807<br>205,526|
||0<br>7,813<br>7,813<br>13,316<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0|
||0<br>7,813<br>7,813<br>13,316|
||1,540<br>6,687<br>8,227<br>2,477|
||3,088<br>17<br>3,105<br>693<br>4<br>0<br>4<br>4|
||3,092<br>17<br>3,109<br>697|
||5,480<br>0<br>5,480<br>5,280<br>220<br>1,201<br>1,421<br>4,883<br>0<br>0<br>0<br>0|
||5,700<br>1,201<br>6,901<br>10,163|
||1,685<br>0<br>1,685<br>1,685|
||28,549<br>0<br>28,549<br>30,217<br>784<br>0<br>784<br>718<br>86,414<br>655<br>87,069<br>89,947<br>6,059<br>11,136<br>17,195<br>8,484<br>500<br>30,398<br>30,898<br>45,131<br>1,086<br>170<br>1,256<br>1,189<br>0<br>83,971<br>83,971<br>83,971<br>22,775<br>20,501<br>43,275<br>33,333|
||146,167<br>146,831<br>292,997<br>292,990|
||1,850<br>3,210<br>5,060<br>6,018|



**TRINITY PRESBYTERIAN CHURCH** 

**Page 16** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS (CONT'D) 31 December 2025** 

|**10.  EMPLOYEES**<br>**Employment Costs**<br>Wages and Salaries<br>Social Security Costs<br>Pension contributions<br>Pulpit Supplies<br>Ministry Allowances and Expenses|**Total Funds**<br>**Total Funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>75,222<br>77,733<br>6,944<br>6,573<br>8,017<br>10,623<br>1,662<br>1,365<br>9,529<br>10,848|
|---|---|
||101,375<br>107,142|



|**Number of Employees**|||
|---|---|---|
|The average number of employees, including the minister of the|||
|congregation, during the year was|**Total Funds**|**Total Funds**|
||**2025**|**2024**|
|Average number of employees|4|4|
|There were no employees in receipt of employee benefits|||
|in excess of £60,000|||



**TRINITY PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS (CONT'D) 31 December 2025** 

**Page 17** 

## **11.   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 minister. The Presbyterian Church in Ireland Pension Scheme (2009) 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 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 accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit. This was reduced to 17.5% in 2025. 

The contributions made by the congregation during the year were 

||Total Funds|Total Funds|
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|Contributions|8,017|10,623|



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 13 - 

**TRINITY PRESBYTERIAN CHURCH** 

**Page 18** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS (CONT'D) 31 December 2025** 

## **12 TANGIBLE FIXED ASSETS** 

|**12 TANGIBLE FIXED ASSETS**||
|---|---|
|**Cost or valuation**<br>At 1 January 2025<br>Additions<br>Disposals<br>At 31 December 2025<br>**Depreciation**<br>At 1 January 2025<br>Provision for year<br>Eliminated on Disposals<br>At 31 December 2025<br>**Net Book Value**<br>At 31 December 2025<br>At 1 January 2025|Land &<br>Fixtures &<br>Buildings<br>Fittings<br>Vehicles<br>Total<br>£<br>£<br>£<br>£<br>3,516,361<br>82,303<br>0<br>3,598,664<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0|
||3,516,361<br>82,303<br>0<br>3,598,664|
||1,597,527<br>27,287<br>0<br>1,624,814<br>70,327<br>13,644<br>0<br>83,971<br>0<br>0<br>0<br>0|
||1,667,854<br>40,931<br>0<br>1,708,785|
||1,848,507<br>41,372<br>0<br>1,889,879|
||1,918,834<br>55,016<br>0<br>1,973,850|



**TRINITY PRESBYTERIAN CHURCH** 

**Page 19** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS ( cont'd) 31 December 2025** 

## **13 Fund Balances and Reconciliation of Funds** 

|**Unrestricted Funds**<br>General Fund<br>**Restricted Funds**<br>United Appeal<br>World Development<br>Presbyterian Childrens Society<br>Leprosy<br>Students Bursary Fund<br>Sunday School<br>Missionary<br>Property<br>Manse<br>Ministry Fund<br>Youth Club<br>Beehive<br>Buddies n Bundles<br>Bowling Club<br>Coffee Morning<br>Pastoral Care<br>Minibus<br>Womans Fellowship<br>The Vine<br>Catering<br>Time Out<br>Church Weekend<br>Flowers<br>MDF<br>Friendship Lunch|**At start**<br>**At end**<br>**of year**<br>**Income**<br>**Expenditure**<br>**Gain/(Loss)**<br>**Transfers**<br>**of year**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>55,492<br>267,269<br>150,702<br>116,567<br>300<br>172,359<br>-<br>12,780<br>12,780<br>-<br>-<br>-<br>-<br>2,598<br>2,598<br>-<br>-<br>-<br>-<br>1,040<br>1,040<br>-<br>-<br>-<br>-<br>56<br>56<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>2,178<br>186<br>574<br>(388)<br>-<br>1,790<br>13,859<br>14,404<br>6,142<br>8,263<br>-<br>22,121<br>1,668,870<br>13,461<br>88,786<br>(75,326)<br>1,800<br>1,595,345<br>324,354<br>-<br>15,685<br>(15,685)<br>-<br>308,669<br>14,219<br>9,703<br>-<br>9,703<br>-<br>23,922<br>16,024<br>1,995<br>6,880<br>(4,885)<br>(1,800)<br>9,339<br>1,719<br>133<br>335<br>(202)<br>-<br>1,517<br>868<br>661<br>645<br>16<br>-<br>885<br>484<br>1,263<br>562<br>700<br>(300)<br>884<br>3,364<br>1,294<br>114<br>1,180<br>-<br>4,544<br>331<br>70<br>32<br>38<br>-<br>369<br>2,600<br>-<br>-<br>-<br>-<br>2,600<br>1,513<br>2,723<br>2,433<br>290<br>-<br>1,803<br>69<br>195<br>180<br>15<br>-<br>84<br>254<br>870<br>869<br>1<br>-<br>254<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>5,890<br>5,790<br>100<br>-<br>100<br>536<br>925<br>654<br>271<br>-<br>806<br>1,446<br>2,214<br>2,211<br>3<br>-<br>1,449<br>893<br>2,197<br>1,742<br>455<br>-<br>1,349|
|---|---|
||2,109,074<br>341,927<br>300,812<br>41,114<br>-<br>2,150,188|



**TRINITY PRESBYTERIAN CHURCH** 

**Page 20** 

**a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS (CONT'D)** 

**31 December 2025** 

## **14.  RELATED PARTY TRANSACTIONS** 

Two of the trustees, the minister of the congregation and the church officer received total remuneration of £59,561 and expenses/allowances of £9,025 for acting in their capacity. Pension contributions of £8,017 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. 

During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity 

£13,588 for congregational assessments 

£12,780 towards the United Appeal 

£2,598  towards the World Development Appeal 

£1,040 to the Presbyterian Children's Society 

The  congregation contributed £784 towards Presbytery  Assessments during the year