an FIRST PORTGLENONE CONGREGATION OF THE PRES8YTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIALACTIVITY Forthe year ended 311)ecember 2024 Note Unrostri¢ted Funds Re5trlGted Funds Tolal Funds 2024 Total Funds 2023 Income and Endowments fiom: Donations and legacies Charitable activities Other trading activities Investment8 Other Total 231.334 656 625 530 982 234.127 130,911 15,348 500 193 15.600 162,552 362,245 16,004 1,125 723 16,582 396,679 293,954 21,682 942 685 17,746 335,009 Expendlture on: Raising funds Charitable activities other Total 17591 {14S,4341 12,0971 (148.2901 85.837 167,640 18,197 f7591 {229,9161 {38,8691 1269,5441 127,135 (7291 {246.4971 138,0921 {285,3181 49,691 184,482) 136,7721 1121,2541 41.298 67.640 108.938 Net Incomellexpendlturel Transfers between funds Net movement In funds 127,135 49,691 Reconclllatlon of funds: Total funds brought forward Tot81 funds Carried forward 334,178 3S2.375 336,418 445.356 670.596 797,731 620,905 670,596
an FIRST PORTGLENONE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND BALANCESHEET As at 31 December 2024 Note Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Flxed Assets Tangible assets Total tlxed assets 12 243.342 243.342 355,899 355.899 599,241 599.241 629.988 629,988 CurrentA88ets Current investments Debtors Cash at bankand In hand Total Gurrent asse18 13 14 15 2S.041 25,098 8,972 55,387 89.457 50.139 16,916 133,315 200,370 595 17,175 217,068 234,838 77,928 110,913 Current Llabllltles Creditors: amounts fallingdue within one y88r 16 11,8801 (1,8801 133,867) Not CurrentAs8et8 109.033 89.457 198.490 200,971 Total Assets less Llabllllles 352,375 445,356 797,731 830,959 Credltors: amounts falllng due aftermore than one ye8r 17 (160.3631 Ngt AaBetJ 352.375 445,356 797,731 670,596 Funds of the charlty Unrestricted Funds Restrict8d Funds Total fund8 olthe charity 18 18 352,375 352.375 445,356 797.731 334,178 336,418 670,596 445.356 445.356 352.375 Approved tythe Klrk Session at a meetln8 on 22 May2025 8nd slgned on its behalf ty Albert Baxter Andrew Montgomery Trustee Trustee
an FIRST PORTGLENONE CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 Accountlng pollcles BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with applicable 8ccounting standards. While compliance with Statement of Recommended Practice Accounting and Reporting by Charities IFRS1021 is not mandatory account ofthe guidance contained therein has been taken In the preparation of these 8ccounts. The financlal statements have been prepared un(Jerthe historical cosr convention except for inv8stment 88set8, which ale shown at market value. The tinancial statemenis include all transactions. ass8tS. and liabiliiies forwhlch the congregatlon is responslblé in18w. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal 8ath8rin8s of chuvch members. FUND ACCOUNTING Endowm8nt funds are funds, the cgpital of which must be retained either permanently or at the congregation'8 discr6tlon,' thè income derived f rom thè endowment is to be used either as restricted or unr6strlctèd Income funds depending upon the purpose lorwhich the endowment was established in the first p18ce. Restrlcted funds comprl$e lal In¢ome from endovrtnents which 1$ to be expended only on the restricted purp08es Intended by the donor and Ibl revenue donations or grants for a specific congr8gation31 activity intended by the donor. Where these funds have unspent balances, interest on their pooled inve8tment is apportioned to the indlvidual funds on 8n average basis. Unrestricted lunds are income lunds which are to be spent on the congfegation'8 general purposes. DesiEn8ted fund8 are gener81 funds Set a$ide by ihe ¢ongreeation for usa in th8 futurè. DONATIONSAND LEGACIES Unro8tricted Funds Reslrlcted Funds Total Fund8 2024 Total Fund8 2023 Recorded giving Loose collections Donation$ and gift$ Gift Aid Legacles and bequests 164,792 2.152 1.942 28,970 33,478 231,334 100,724 943 9.588 19,656 265.516 3.095 11,530 48,626 33,478 362,245 246.810 3,109 929 43.106 130.911 293,954 CHARITABLE ACTIVITIES UnTe8trl¢tod Fun(ts Rèstricted Funds Total Fund8 2024 Total Funds 2023 Income from chgritable activlties Grants $56 15.348 16,004 21,682 656 15,348 16,004 21.682 io
an FIRST PORTGLENONE CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Cont'd) 4. OTHER TRADING ACTIVITIES Unr8Strlcted Fund$ Re¥trlct8d Funds Total Funds 2024 Total Funds 2023 Tr8ding Income Letting of premises 387 555 625 625 500 1.125 1.125 500 942 INVESTMENTS Unrg8trlot¢d Funds Re$tricted Funds Total Fundx 2024 TotalFunds 2023 Interest recelved 530 530 193 193 723 723 685 685 OTHER INCOME Unrestrlcted Funds Re8trlcted Fund$ Total Funds 2024 Total Funds 2023 Rent recaived from Investment properties Other income SMP Recover8blelJRS Grant 15,600 15,600 15,600 982 982 600 1,546 17,746 982 15,600 16.582 7. RAISING FUNDS Unrestrlcted Funds R•strlct6d Funds Total Fund$ 2024 Total Fund8 2023 FWO env81op8S 759 759 759 729 729 CHARITABLE ACTIVITES Unr•$trict¢d Funds Re$trict8d Funds Total Funds 2024 Total Funds 2023 General AssemblyAssessments Presbyteryfees Ministry8nd support stattcosts Congregational running expenses Donations to Missions and charities Governance costs 17.198 780 88.710 36.303 2,203 17.198 780 88,710 58,687 53,223 16,936 766 84,322 76.382 47.414 22.384 51,020 240 11.078 84,482 11,318 229.916 20.677 246,497 145.434 li
an FIRST PORTGLENONE CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Cont'd) OTHER EXPENDITURE Unrestrlcted Funds Restrlcted Fund8 TotalFunds 2024 Total Funds 2023 Trading expenditure Depreciation 35 38,057 38.092 2.097 2,097 36.772 36,772 38,869 38,869 10. EMPLOYEES Employment costs 2024 2023 W8ges and S81811e8 Soci81 Security Cost$ Penslon contributions 63,512 6.183 11.249 59.071 6,086 10,714 Number of employèe* The average numberofemployee8 durlngtheyearwa8: 2024 2023 Average numberofemployee$ 11. PENSION COSTS Tho minister of the congregation is a m8mber of the Presbyterian Church in Ireland Pension Scheme120091. Thls is a scheme operated by the Presbyterian Church in Ireland, a separate re8lStered ch8flty. The congregation pays an assessment to the Presf)yterian Church in Ireland equivalent to the employer's pension contribution for the Scheme and ba8e(i on the stipend paid to the minlster. The Presbyterian Church In Ireland Penslon Scheme120091 is a funded Scheme of the define(J benefit typ8, provSdlng deflned r)enefits based on career average revalued s818ry. The Scheme h8s assets held In a separately 8dminister8d fund manage(I by a board ol Trusteès. The Présbyteri8n Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme 18 8ufficientlyfunded to meet current and future obligations. A formal schedule of contributions was drawn up on 25 November 2015 wherebythe Presbyteri8n Church agreed to pay from 31 December 2015 contributions of 24% of pensionable salaries to coverthe accrual of benetits for future servloe. expenses. the cost of insurlng death in seNice benefits and funding the scheme deficlt. The contributions made by the eongreg8tion duringthe year were: Total Funds 2024 Total Funds2023 Contributions 11,249 10.714 12
an FIRST PORTGLENONE CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {Cont'd) 12. TANGIBLE FIXEDAssrrs Land and Church Chvr¢h hall Manse Investment Proportle8 Flxiure$ & Flttlngs Total Cost or Valuatlon As at 1 Janu8ry2024 Additions Disposals A8 at310ecember2024 2.870.000 1.337,606 501.000 230.OLN) 56,252 4.994.858 8,122 8.122 2.870.000 1.337.606 501,000 230,000 64,374 5,002,980 Accumulated depreclatlon As at 1 January2024 Released on disposal Chargè for the ye8r As at 31 December2024 2,850.CKKI 1.185.375 280,560 48.935 4.364,870 26.752 1.212,127 10.020 290,680 2,097 38,869 51,032 4,403,739 2,850,000 Net bookvalue Agat 31 December 2024 20.000 125.479 210,420 220.440 230,000 230.000 13,342 7,317 599,241 629.988 Asat 31 December2023 20,000 152,231 13. INVESTMENTS 2024 2023 Investments 50.139 50.139 595 595 14 DEBTORS 2024 2023 Gift Aid Recoverable other debtors 16,916 17.175 16.916 17,175 13
an FIRST PORTGLENONE CONGREGATION OFTHE PREsBYfERIAN CHURCH IN IRELAND NOTES TO fHE ACCOUNTS Icont'd) 15. CASH ATBANKAND IN HAND 2024 2023 MainAccount Repair Account Mission Account Frlendship Account Sabbath SchoolAccount Gills Brigade Account 8oys Brig8deAccount Presbyterian Women Account Youth FellowshlpAccount Music MinistryAccount ThursdayClubAccount Fellowship HourAccount Bowling Club A¢count Youth ClubAccount Holiday Bible Club Account 3 Sixteen Account 78.531 25,786 4,166 5.844 352 10,175 1,244 935 735 666 852 1.315 91.025 92.457 5.093 7.670 471 9,121 2.493 2,097 771 696 764 1,966 1,589 1.122 1,595 486 360 133,315 217,068 18. CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 2024 2023 Other creditors Accruals Church Property Development Loan I Church Property D8velopment Loan 2 405 1,440 15,781 16,241 33,867 1.880 17. CREDITORS: AMOUhlTS FALLING DUEAFfER MORETHAN ONEYEAR 2024 2023 Church Property DevelopmentLo8n i Church Property Devclopment Loan2 78,442 81.921 160,363 18. FUND BALANCES Unre8trlcted Funds 2024 2023 Gener81 fund 352,375 352.375 334,178 334,178 14
an FIRST POFIYGLENONE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {Cont'd) Restrlctod Funds 2024 2023 Repair & maintenance Mission Unlted Appeal Friendship Fund Sabbath School Mansefield Glrls Brigade Boys Brigade Presbyterian Women Youth Fellowshlp Music Ministry Thursday Club Fellowship Hour Men's Fellowship Youth Club Holiday Bible Club Bowling Club 3 Sixteen 412.208 6.136 1,358 5.867 450 298,264 7.163 635 7,688 1.066 548 9.121 2,493 2,097 771 696 764 1,966 701 1,59S 487 10.175 933 735 667 853 1,316 701 1.688 1.122 360 336,418 445,356 Reconelliatlon of movement offunds Openlng balancè Incomo Expendlture Transfer Closlng balance Unre$iricted Funds Main Fund 334.178 334.178 234,127 234,127 1148,2901 1148.290) 167,8401 (67,6401 352,375 352,375 Re8trl¢ted Funds Repoii & M8lnten8nc8 Mission United appe81 Friendship Fund Sabbath School Mansefield Girls Brigade Boys Brigade pre$berI8nwQmen Youth Fellowshlp Muslc Mlnlstry Thursdayclub Fellowship Hour Men's Fellowship Youth Club Holiday Bible Club BowlinE Club 3 Sixteen 298,263 7,163 635 7.688 1,066 93,295 37.261 14,218 962 658 (47,5901 (38,2881 113,4951 (2.7831 (1.8821 68.240 412.208 6,136 1,358 5,867 450 608 15481 9.121 2.493 2.097 771 696 765 1.967 701 1.594 487 5.327 4.976 4.728 101 14.2731 16.2251 15.8921 {1371 (301 181 (2671 10.175 1.244 933 735 667 853 1.316 701 1.588 1,122 11001 11,2001 816 181 (3761 1,000 360 336.418 13601 67.640 162.552 445.356 Total 670.596 396,679 (269,5441 797,731 15
an FIRST PORTGLENONE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {Cont'd) 19. Related PartyTransactlons Rev Albert Baxter is a Trustee and received renumeration of £46.86912023:.£44,637) and pension contributions of £11,24912023., £10,714) through PCI with £7,03612023'. £6.701) of allowances and expenses belng paid bythe church. 16