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2024-12-31-accounts

Charity Commission for NI Registration Number: NIC105433

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Report and Financial Statements for the year ended 31st December 2024

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

CONTENTS

Page (s)
Trustees’ Report 2 - 6
1.1 Reference and Administrative Information
1.2 The purpose, objectives and measures of achievement of North Street First Carrickfergus Presbyterian Church
1.3 Governance and Management Structure
1.4 Achievements and Performance (Public Benefit Report)
Table (i). Public benefit services provided by North Street First Carrickfergus Presbyterian Church
Table (ii). Level of participation in organisations and activities as a crude measure of impact
Independent Examiner’s Report 7
Statement of Financial Activities 8
Statement of Financial Position (Balance Sheet) 9
Statement of Cash Flows 10
Notes to the Financial Statements 11 - 20

Page 1 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024

The Trustees present their report and the financial statements for the year ended 31st December 2024.

1.1 REFERENCE AND ADMINISTRATIVE INFORMATION

Charity Name First Carrickfergus Congregation of the Presbyterian Church in Ireland First Carrickfergus Congregation of the Presbyterian Church in Ireland
Other names used First Carrickfergus Presbyterian Church
by the charity North Street, First Carrickfergus Presbyterian Church
First Presbyterian Church, Carrickfergus
First Carrickfergus
First Carrick
North Street
Northern Ireland NIC105433
Charity Number
Operational Address North Street
Carrickfergus
Co Antrim
BT38 7AE
Members of the Board Rev Dr Cecil Grant(teaching elder)
of Trustees (Kirk Session) Mr Neil Anderson Mr W Terence Hogg
Mrs Carol Carson Mr E Raymond Leeman
Mr James L Davison Mr Peter Mann
Mr William S Doherty
Mr Thomas McFadden
Mrs Pamela Forsythe Mr Trevor Norris
Mr Thomas Galway Mr Robert Penney
Mr Graham Hart Mrs Sharon Primrose
MANAGEMENT INFORMATION
Office Bearers Rev Dr Cecil Grant. . . . . . . . . . . . . MINISTER
Mr W Terence Hogg. . . . . . . . . . . CLERK OF SESSION
Mrs Leslie Oliver. . . . . . . . . . . . . . .SECRETARY OF CONGREGATIONAL COMMITTEE
Mr Neil Anderson. . . . . . . . . . . . . .TREASURER
OTHER INFORMATION
Independent Examiner Nigel V. Skillen FCA
Diamond & Skillen Ltd
89a Larne Road
Carrickfergus
BT38 7NH
Bankers Danske Bank Limited
Donegall Square West
Belfast
BT1 6JS

Page 2 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

1.2 The purpose and objectives of North Street, First Carrickfergus Presbyterian Church

Our vision is to become a loving, accepting fellowship of believers who passionately worship God and reach out to the community in a relevant way. Our ultimate purpose is to put into practice those features of a Christian Church identified in the Bible and showing God’s love, care and compassion to all with whom we come into contact. Formally, our purpose is summarised in the PCI Code (the Governing document of the Presbyterian Church in Ireland) as follows:

It is challenging due to the nature of our purpose, and with the necessary attention to personal privacy, to articulate performance and achievements in ways comparable to other enterprises. Later in this report, we have attempted to represent performance and achievement by the general descriptive measure of the public benefit services and activities provided, the extent of volunteer participation and the level of attendance and participation by members and the wider public.

1.3 Governance and Management Structure

The Board of Trustees of North Street, First Carrickfergus Presbyterian Church is referred to in the Presbyterian Church context as the Kirk Session which is made up of the ordained minister and the Ruling Elders. Ruling Elders are elected by congregational vote based on a list prepared by the Session of persons nominated by the congregation. The present Elders, and past Elders who served during the reporting year, are listed above. The Kirk Session is chaired (moderated) by a Teaching Elder who is normally the Ordained Minister called to the Church.

Under the Presbyterian Church in Ireland (PCI) form of governance the corporate oversight of North Street First Carrickfergus Presbyterian Church is the responsibility of the Carrickfergus Presbytery which superintends the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of PCI. The Presbytery consists of the active ministers of congregations within the Presbytery, retired ministers, one elder appointed by the Kirk Session of each congregation and other individuals allowed by the Code of PCI.

Whilst the ultimate guide for North Street, First Carrickfergus Presbyterian Church is the Bible, the Code (or Constitution Document) of the PCI (latest amendment in June 2023), forms the governance document through which we seek to meet our obligations to church members, the public and our statutory obligations and good practice aspirations under the Charities and other legislation. See https://www.presbyterianireland.org/Resources/General-Assembly/The-Code.aspx

At North Street, First Carrickfergus Presbyterian Church a Clerk of Session is elected from amongst the elders. The Kirk Session meets at least six times each year. Several Kirk Session Ministry Groups have been set up to expedite the work of the Kirk Session and each reports, and submits proposals, to Kirk Session on a regular basis.

Whilst the Kirk Session has overall responsibility for the governance of the church, selected tasks are delegated to the Congregational Committee (CC). The day to day management of the church and its activities is delegated to the Staff Ministry Team. To facilitate communication and consistent decision making all members of Kirk Session are ex-officio members of the CC, the Committee is chaired by the Minister and the CC minutes are a fixed item on the Kirk Session agenda. Staff workplans, budgets and proposals are reviewed by Kirk Session and subgroups of Kirk Session meet with staff to review progress and performance.

1.4 Achievements and Performance (Public Benefit Report)

The Trustees are aware of the importance of achieving public benefit as described in the North Street, First Carrickfergus Presbyterian Church entry on the CCNI Register and welcome the guidance given in the CCNI documents. We consider that working for the public benefit has been a core activity of North Street, First Carrickfergus Presbyterian Church since its foundation in 1621 and it fits naturally within our current vision. It is a continuous thread in discussions and decision making at governance meetings. In addition to the essential work of our five full and part-time paid employees, unpaid volunteers contribute a significant number of hours per week in delivering a wide range of activities and services.

This is the source of energy through which our public benefit is delivered, and the Trustees express their sincere thanks to all our staff and volunteers.

Page 3 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

The public benefit services delivered by North Street, First Carrickfergus Presbyterian Church are listed in Table (i), and a statistical description of the level of participation is shown in Table (ii).

Sunday Services GB Juniors (8-10 years) Thursday Fellowship
Sunday Evening Missionary Services GB Seniors (11-13 years) Tots & Co
Midweek Wednesday Worship GB Brigaders (14+ years) Young Adults
Baptismal Services GB Former Members Saturday Night Live (Youth Fellowship and
Wedding Services Badminton Club Ministry)
Funeral Services Indoor Bowling Club Outreach Ministry - provision of support
families under financial pressures		 to
Easter, Christmas,
Services
Prayer Meetings		 Harvest and Remembrance Crèche
Holiday Bible Club
years)		 (Summer Programme, 5-11 Pastoral visits to homes, hospitals, Retirement
Homes and Care Homes
Special fundraising appeals
Alpha Courses
Core Groups
BB Anchor Boys (4-8 years)
BB Junior Section (8-11 years)
BB Company Section (11-14 years)		 Kids Crew (children’s Sunday morning
programme)
Needle & Natter
Women’s Ministry Group
Men’s Ministry Group		 Community use of halls
Provision of a publicly available defibrillator
Fitness classes
Big Church Day and Church Lunches
BB Senior Section (15-18 years) Audio Visual Team
GB Explorers (3-7 years) Music Ministry Team

Further details on		 these organisations and activities are available on our websitewww.firstcarrickpres.co.uk,our Facebook
page and from our regular publications and the weekly printed and emailed announcements.

Several of		 our organisations and activities are provided for children and young people. The essential Safeguarding and child
protection is facilitated through the PCI Taking Care programme for which we have a member identified as a Designated
person.
Table (i): Public benefit services provided by North Street, First Carrickfergus Presbyterian Church
2024
2023		 2024
2023		 2024
2023
Number of families under the pastoral care of the church 269 295
Number of persons
-under 18 years		 67 98
-19 - 64 years 299 333
-Over 65 years 236 238
-TOTAL 602 669
Average Weekly
participants		 Average Weekly
participants
Sunday Services
-Morning		 165 150
Average number of weekly online views (YouTube) 180 200
Bible Studies and Fellowship meetings (excluding Sunday Services) 165 150
Sunday School & Bible Class activities 32 20
Non-uniformed organisations for children and young people 75 60
Uniformed organisations for children and young people 110 142
Youth Week, Summer Programme: 60 young people annually
Holiday Bible Club, Summer Programme: 150 children annually
Table (ii). Level of participation in organisations and activities as a general descriptive
measure of impact

The Church made external donations of £23,476 (2023: £26,866) to worthy causes and projects during this financial period.

Page 4 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

Statement of Trustees’ Responsibilities and Corporate Governance

The organisation has been registered with the Charity Commission for Northern Ireland.

The Elders are responsible for their annual report and for the preparation of financial statements for each financial year which give a true and fair view of the state of affairs of the Organisation and of the net movement in funds of the Organisation for that period. In preparing those financial statements, the Elders are required to:-

The Elders are responsible for ensuring that the Organisation keeps proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation and to enable them to ensure that the financial statements comply with Charities legislation. They are also responsible for safeguarding the assets of the Organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:

Statement as disclosure to our reporting accountant

In so far as the Elders are aware at the time of approving our trustees’ annual report:

Internal controls

The Kirk Session has overall responsibility for ensuring that North Street, First Carrickfergus Presbyterian Church has a system of internal control. Such a system of control can provide only reasonable and not absolute assurance against errors or fraud. Controls are concerned with safeguarding the church’s assets and maintaining the integrity of accounting controls.

Risk Review

The Trustees recognise their responsibility for the identification, assessment and management of risk.

The Trustees have implemented systems and procedures to manage identified risks and there is a strong culture of risk assessment for all activities undertaken by the charity. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial 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 regular giving.

STATEMENT OF COMPLIANCE WITH THE DUTY TO HAVE REGARD TO THE CHARITY COMMISSION FOR NORTHERN IRELAND’S GUIDANCE ON PUBLIC BENEFIT

In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities have helped to achieve the Charity’s purpose and provide a benefit to the beneficiaries. No harm and no private benefit flowed from the purposes of the charity.

Page 5 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

FINANCIAL REVIEW and RESERVES POLICY

The Elders believe that the Organisation should hold financial reserves because:

Such unrestricted reserves constitute, in total, a balance of £40,460 (2023: £23,750).

During the year ended 31st December 2024, operating costs (on unrestricted funds only) were in the region of £164,000 per year. Accordingly, the target reserve balance of between £41,000 (3 months) and £82,000 (6 months). The current level of reserves therefore is below the terms of the Reserves Policy. The Elders are taking action in an effort to increase income and control operating costs in order to build the reserves to a level that is within the terms of the Reserves Policy.

Details of the Charity’s funds are shown in Note 15. An analysis of the Charity’s net assets between the funds is given in Note 13. The Elders consider that sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with any restriction imposed.

EMPLOYEES

The Charity aims to be an organisation that employees enjoy working for and where they feel supported and developed. Employees are kept fully informed about its strategy and objectives, as well as day to day news and events. Regular information about the organisation is available through meetings and e-mails. All employees are encouraged to give their views and suggestions on performance and strategy.

INDEPENDENT EXAMINERS

Nigel Skillen of Diamond & Skillen was appointed as the charity’s independent examiner.

This report was approved by the Trustees on 28th May 2025 and signed on its behalf by:

Mr W Terence Hogg Trustee Clerk of Session

Mr N Anderson Trustee Treasurer

Page 6 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF NORTH STREET FIRST CARRICKFERGUS PRESBYTERIAN CHURCH

I report on the financial statements of the charity for the year ended 31st December 2024, which are set out on pages 3 to 18.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008 (“the Act”). The charity’s trustees consider that an audit is not required for this year under Article 65(3) of the Act and that an independent examination is needed. Per the information provided to us to carry out our examination, the charity’s gross income did not exceed £500,000 this year but did exceed £250,000 and did not exceed £500,000 last year.

I am qualified to undertake the examination by being a qualified member of Chartered Accountants Ireland.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which give me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Nigel Skillen FCA

Diamond & Skillen Ltd

Fellow of the Institute of Chartered Accountants in Ireland 89a Larne Road

Carrickfergus Co Antrim BT38 7NH

28th May 2025

Page 7 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST DECEMBER 2024

Notes Totals
2023
£
Totals
2024
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£

Fund balances c/f at 31st December

Fund balances b/f at 1st January
Reconciliation of funds
Net movement in funds for the year
9
Transfers between funds
10
Depreciation
Net surplus / (deficit) for the year
Total expenditure
4

Other expenses
4

Legal and professional fees
on other items
4 / 5

Programme costs
4.1

General administration costs
4.1

Travel and training costs
4.1

Premises costs
4.1 / 4.2

Employee costs
on charitable activities

Promotional costs
on raising funds
EXPENDITURE
Total income
3

Investment income
from investments
3

Other income
3

Gift Aid tax refunded
from other activities
3

Other charitable income
from charitable activities
3

Grants and Donations
from donations and legacies
INCOME		 1,928
2,511
-
305
2,206
12,095
18,811
-
15,588
3,223
31,581
35,386
-
10,649
24,737
2,128
2,080
-
1,061
1,019
224,910
213,683
-
67,423
146,260
272,642
272,471
0
95,026
177,445
647
2,702
-
982
1,720
4,713
1,291
-
-
1,291
97,435
83,509
-
55,784
27,725
10,059
4,962
-
546
4,416
7,094
7,382
-
165
7,217
108,254
48,244
-
25,827
22,417
122,770
123,031
-
24,668
98,363
1,617
645
-
-
645
352,589
271,766
0
107,972
163,794
-
0
-
(3,059)
3,059
-
0
-
-
-
(79,947)
705
0
(12,946)
13,651
(79,947)
705
0
(16,005)
16,710
428,196
348,249
43,650
280,849
23,750
348,249
348,954
43,650
264,844
40,460

The statement of financial activities includes all gains and losses in the year. All income and expenditure derives from continuing activities.

The notes on pages 11 to 19 form part of these financial statements.

Page 8 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) AS AT 31ST DECEMBER 2024

Notes 2023
£
2024
£
NET CURRENT ASSETS
12
PAYABLES: amounts falling due within one year

Cash and cash equivalents
11

Receivables
CURRENT ASSETS

Investments
INVESTMENTS
10

Tangible assets
NON CURRENT ASSETS		 -
-
0
0
29,000
29,000
323,358
319,954
-
-
29,000
29,000
(4,109)
-
323,358
319,954
319,249
319,954
TOTAL ASSETS LESS CURRENT LIABILITIES 348,249
348,954
Total endowment
15
Endowment Funds
Endowment funds:
Total restricted
15
Congregational Organisations
15
Benevolent Fund
15
Outreach Fund
15
United Appeal & Other Worthy Causes Fund
15
Building & Maintenance Fund
Restricted income funds:
Total unrestricted
15
Other funds(designated)
15
Investment fund(designated)
15
Estate of I Dick(designated)
15
Messy Church fund(designated)
15
Children’s Ministry fund(designated)
15
General funds
Unrestricted income funds:
THE FUNDS OF THE CHARITY		 514
-
29,000
29,000
30,000
-
844
844
303
302
(36,911)
10,314
23,750
40,460
18,313
14,546
4,970
5,457
34,480
27,623
-
-
223,086
217,218
280,849
264,844
43,650
43,650
43,650
43,650
TOTAL FUNDS 348,249
348,954

The notes on pages 11 to 19 form part of these financial statements.

The financial statements on pages 2 to 19 were approved by the Kirk Session on 28th May 2025 and signed on their behalf by:

————————————

Mr W Terence Hogg Trustee - Clerk of Session

———————————— Mr N Anderson Trustee - Treasurer

Page 9 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Notes 2023
£
2024
£
Net cash and cash equivalents at 31st December 2024
Net cash and cash equivalents at 1st January 2024
(Decrease) in cash for the year
Reconciliation of net cash flow to movement in net funds
(Decrease) in cash and cash equivalents for the year
10
Expenditure on non-current assets (capital expenditure)
17
Returns on investment and servicing of finance
16
Net cash (outflow) from operating activities		 -
-
1,124
2,511
(80,926)
(5,915)
(79,802)
(3,404)
403,160
323,358
(79,802)
(3,404)
323,358
319,954

The notes on pages 11 to 19 form part of these financial statements.

Page 10 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

  1. Accounting Policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Statement of compliance

The financial statements are prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective from 1st January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 (insofar as this applies to the Charity).

North Street First Carrickfergus Presbyterian Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.3 Preparation of the accounts on a going concern basis

The Kirk Session’s policy is to undertake ongoing review of the ‘Going Concern’ status of the charity, taking note of the organisation’s reserves policy and the projected availability of funds to enable the organisation to fulfil its responsibilities. A statement on the outcome of the ongoing review is given at note 18 on page 19.

1.4 Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires the Trustees to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

1.5 Revenue Items of revenue are recognised and included in the accounts when all of the following criteria are met:

Grants receivable

Grants receivable which relate to the year are credited to revenue within the Statement of Financial Activities, with unspent balances being carried forward to subsequent years within the relevant fund. Specific debts are recognised where approved grant expenditure exceeds grant revenue received to date. Grant revenue relating to future periods is carried forward under payables.

1.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.7 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Kirk Session in furtherance of the general objectives of the charity and which have not been designated for other purposes. The fund comprises the accumulated surpluses and deficits of unrestricted income and expenditure. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of administering such funds are charges against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income and gains are allocated to the appropriate fund.

Page 11 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (cont’d)

1.8 Expenditure

Expenditure is recognised once there is legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

1.9 Non Current Assets (Fixed Assets)

Fixed Assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £5,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life. The estimated lives and residual values are shown below:

Expected useful life Residual Value
Land. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Indefinite. . . . . . . . . . . . . . . n/a
Buildings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 years. . . . . . . . . . . . . . . . £985,000
Furniture, fixtures and equipment. . . . . . . . . . . . . 10 years. . . . . . . . . . . . . . . . £nil
Motor Vehicles. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 years. . . . . . . . . . . . . . . . . £nil
Computers, software and technical. . . . . . . . . . . . 4 years. . . . . . . . . . . . . . . . . £nil

1.10 Receivables

Trade and other receivables are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

1.11 Cash and cash equivalents

Cash and cash equivalents includes bank deposits, cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.12 Payables and provisions

Payables and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Payables and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2. Legal status of the charity

North Street First Carrickfergus Presbyterian Church is a Congregation of the Presbyterian Church in Ireland. It is a charity registered in Northern Ireland no. NIC105433.

Page 12 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (cont’d)

3
INCOME
GRAND TOTALS
sub-total

Income on bequests invested

UK bank interest received
from investments:
sub-total

Other income

Organisations’ membership / dues

Use of premises income

FWO/general

Other

Outreach

United Appeal

Building & Maintenance

Gift Aid tax refunded
from other activities:
sub-total

Other charitable income

Bookstall & tuck shop sales
from charitable activities:
sub-total

Grants received

DEC - Turkey Syria Earthquake

BB / GB Enrolment Service

Loose - Childrens Ministry

Leaving gift

Carol Service(2024: Macmillan 2023 :Chest, Heart Stroke)

Poppy Appeal

Tear Fund

Presbyterian Childrens Society

Special collections

Outreach donations

United Appeal donations

Building & Maintenance donations

Other donations

Legacies/bequests received

Loose collections

Freewill offering
from grants, donations and legacies:		 3
INCOME
GRAND TOTALS
sub-total

Income on bequests invested

UK bank interest received
from investments:
sub-total

Other income

Organisations’ membership / dues

Use of premises income

FWO/general

Other

Outreach

United Appeal

Building & Maintenance

Gift Aid tax refunded
from other activities:
sub-total

Other charitable income

Bookstall & tuck shop sales
from charitable activities:
sub-total

Grants received

DEC - Turkey Syria Earthquake

BB / GB Enrolment Service

Loose - Childrens Ministry

Leaving gift

Carol Service(2024: Macmillan 2023 :Chest, Heart Stroke)

Poppy Appeal

Tear Fund

Presbyterian Childrens Society

Special collections

Outreach donations

United Appeal donations

Building & Maintenance donations

Other donations

Legacies/bequests received

Loose collections

Freewill offering
from grants, donations and legacies:
Totals
2023
£
Totals
2024
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£

Grants received

DEC - Turkey Syria Earthquake

BB / GB Enrolment Service

Loose - Childrens Ministry

Leaving gift

Carol Service(2024: Macmillan 2023 :Chest, Heart Stroke)

Poppy Appeal

Tear Fund

Presbyterian Childrens Society

Special collections

Outreach donations

United Appeal donations

Building & Maintenance donations

Other donations

Legacies/bequests received

Loose collections

Freewill offering
from grants, donations and legacies:		 8,186
12,446
-
11,269
1,177
5,250
0
-
-
-
-
532
-
532
-
-
369
-
-
369
-
528
-
-
528
475
733
-
-
733
381
368
-
-
368
4,243
3,640
-
-
3,640
1,669
1,600
-
-
1,600
36,368
19,973
-
19,973
-
12,412
12,239
-
12,239
-
16,631
16,368
-
16,368
-
16,234
7,591
-
7,042
549
7,267
0
-
-
-
1,597
3,956
-
-
3,956
114,197
133,340
-
-
133,340
sub-total 224,910
213,683
0
67,423
146,260

Other charitable income

Bookstall & tuck shop sales
from charitable activities:		 -
0
-
-
-
2,128
2,080
-
1,061
1,019
sub-total 2,128
2,080
0
1,061
1,019

Other income

Organisations’ membership / dues

Use of premises income

FWO/general

Other

Outreach

United Appeal

Building & Maintenance

Gift Aid tax refunded
from other activities:		 5,300
11,406
-
9,998
1,408
5,452
5,590
-
5,590
-
1,343
1,815
-
-
1,815
21,131
24,737
-
-
24,737
3,536
515
-
515
-
975
4,335
-
4,335
-
2,403
2,356
-
2,356
-
3,536
3,443
-
3,443
-
sub-total 43,676
54,197
0
26,237
27,960

Income on bequests invested

UK bank interest received
from investments:		 1,914
2,286
-
80
2,206
14
225
-
225
-
sub-total 1,928
2,511
0
305
2,206
GRAND TOTALS
272,642
272,471
0
95,026
177,445

Page 13 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (cont’d)

4.1
EXPENDITURE
GRAND TOTALS
sub-total

Sundry expenses

Bank charges
Other expenses:

Other governance costs

Independent examiner fees
Legal and professional fees:
on other items:
sub-total

Programme costs (see note 5)
Programme costs:

Subscriptions

Telephone, computer and internet

Printing, postage and stationery
General administration costs:

Minister and employee’s expenses

Training
Travel and training costs:

Other premises expenses

Cleaning

Repairs and Property projects

Gas

Electricity

Insurance

Ground rent. rates and water rates
Premises, equipment & insurance costs:

See note 4.2
Employee costs:
on charitable activities:
sub-total

Promotional materials
on raising funds:		 4.1
EXPENDITURE
GRAND TOTALS
sub-total

Sundry expenses

Bank charges
Other expenses:

Other governance costs

Independent examiner fees
Legal and professional fees:
on other items:
sub-total

Programme costs (see note 5)
Programme costs:

Subscriptions

Telephone, computer and internet

Printing, postage and stationery
General administration costs:

Minister and employee’s expenses

Training
Travel and training costs:

Other premises expenses

Cleaning

Repairs and Property projects

Gas

Electricity

Insurance

Ground rent. rates and water rates
Premises, equipment & insurance costs:

See note 4.2
Employee costs:
on charitable activities:
sub-total

Promotional materials
on raising funds:
Totals
2023
£
Totals
2024
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£

Promotional materials
on raising funds:		 1,617
645
-
-
645
sub-total 1,617
645
0
0
645

Programme costs (see note 5)
Programme costs:

Subscriptions

Telephone, computer and internet

Printing, postage and stationery
General administration costs:

Minister and employee’s expenses

Training
Travel and training costs:

Other premises expenses

Cleaning

Repairs and Property projects

Gas

Electricity

Insurance

Ground rent. rates and water rates
Premises, equipment & insurance costs:

See note 4.2
Employee costs:
on charitable activities:		 97,435
83,509
-
55,784
27,725
3,683
0
-
-
-
1,580
2,914
-
369
2,545
4,796
2,049
-
177
1,872
7,054
7,204
-
80
7,124
40
178
-
85
93
-
1,132
-
480
652
10,277
10,722
-
9,740
982
76,328
14,940
-
14,703
237
7,954
9,090
-
-
9,090
6,804
5,111
-
-
5,111
5,505
5,770
-
-
5,770
1,386
1,478
-
903
575
122,770
123,031
-
24,668
98,363
sub-total 345,612
267,128
0
106,989
160,139

Sundry expenses

Bank charges
Other expenses:

Other governance costs

Independent examiner fees
Legal and professional fees:
on other items:		 -
2,054
-
399
1,655
647
648
-
584
64
-
0
-
-
-
4,713
1,291
-
-
1,291
sub-total 5,360
3,993
0
983
3,010
GRAND TOTALS 352,589
271,766
0
107,972
163,794

4.2 Staff costs and numbers

Totals
2023
£
Totals
2024
£
Restricted
funds
£
Unrestricted
Funds
£
Defined benefit pensions (PCI pension plan)
Defined contribution pensions (NEST)
Employers National Insurance
Pulpit and Music supply
Wages, salaries and Stipends		 12,030
12,631
-
12,631
1,272
1,167
732
435
2,169
6,978
-
6,978
-
1,506
-
1,506
107,299
100,749
23,936
76,813
122,770
123,031
24,668
98,363

No employee received emoluments of more than £60,000

The average number of persons, including part-time staff, employed on UK contracts was 5 (2023: 5)

The charity contributes to the National Employer Savings Trust for defined contribution pension arrangements for employed staff. The charity contributes to the Presbyterian Church in Ireland (PCI) pension plan for the minister. This is a defined benefit pension plan however as part of a wider scheme it is not possible to identify separately the fund relating to this charity. In accordance with The Charity SORP (FRS102) this scheme is accounted for as if it were a defined contribution scheme.

Page 14 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (cont’d)

5 Breakdown of amounts shown as Programme Costs in note 4.1 Breakdown of amounts shown as Programme Costs in note 4.1
Totals
2023
£
Totals
2024
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£
Other special collections
United Appeal
Turkey / Syria Earthquake
The Cithrah Foundation
Tear Fund
Sunnylands Primary School
Storehouse
Senior Gateway Club
Samaritans Purse
RNLI
PW Projects
Presbyterian Children’s Society
Parkinsons Charity
NI Chest, Heart & Stoke
NI Cancer Fund for children
NI Air Ambulance
Mission Focus donations
Mission Africa
Macmillan Cancer Support
Leprosy Mission
Earl Haig Fund
Christians Against Poverty
Carrickfergus YMCA
Bequests redistributed
Charitable distributions:		 687
67
-
-
67
14,754
13,036
-
13,036
-
5,250
0
-
-
-
650
530
-
530
-
4,243
3,665
-
-
3,665
87
0
-
-
-
650
500
-
500
-
650
500
-
500
-
-
20
-
20
-
-
50
-
50
-
-
311
-
311
-
1,669
1,889
-
-
1,889
-
100
-
100
-
475
0
-
-
-
-
270
-
270
-
-
200
-
200
-
2,025
1,980
-
1,980
-
-
240
-
240
-
-
1,003
-
270
733
-
50
-
50
-
381
368
-
-
368
-
50
-
50
-
1,200
1,250
-
1,200
50
-
248
-
-
248
sub-total 32,721
26,327
0
19,307
7,020
Overseas Projects
Charitable distributions - outside UK / Ire:		 -
0
-
-
-
sub-total 0
0
0
0
0
Grants to entities
Benevolent Fund Grants
Mission Focus distributions
Charitable Grants made:		 10,682
51
-
51
-
-
63
-
63
-
2,090
2,256
-
2,256
-
sub-total 12,772
2,370
0
2,370
0
Carrickfergus Presbytery Fees
PCI Assembly assessments
PCI Assessments:		 1,017
1,060
-
-
1,060
13,889
14,462
-
-
14,462
sub-total 14,906
15,522
0
0
15,522
Other
Sundry donations and expenses
Organisations’ Programme costs
Catering costs
Goods purchased for resale
Worship resources
Other charitable expenditure:		 -
0
-
-
-
872
386
-
386
-
29,421
25,539
-
25,539
-
1,295
2,793
-
2,173
620
933
2,310
-
1,166
1,144
4,515
8,262
-
4,843
3,419
sub-total 37,036
39,290
0
34,107
5,183
GRAND TOTALS 97,435
83,509
0
55,784
27,725

Page 15 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (cont’d)

6 Net incoming resources for the year
Totals
2023
£
Totals
2024
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
Funds
£
Depreciation of tangible fixed assets
Independent Examiner - other
Independent Examiner - remuneration
Net incoming resources are stated after charging:		 -
0
-
-
-
410
0
-
-
-
3,700
1,291
-
-
1,291
4,110
1,291
0
0
1,291

7 Trustee remuneration and Related Party Transactions The total amount donated to the Charity without conditions from trustees and officers (primary related parties) and secondary related parties was £37,561 (2023: £37,560).

No trustee received any remuneration as a result of their Trusteeship of the Charity.

8 Taxation

As a charity, the Church is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or 2256 of the Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.

Page 16 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (cont’d)

9 Transfers between the funds
Totals
2024
£
Endowment
Funds
£
Restricted
funds
£
Unrestricted
Funds
£
(30,000)
-
-
(30,000)
Removal of designation on Estate of E Dick funds
30,000
-
-
30,000
To General fund from Designated Fund
0
-
(500)
500
To General fund from Bowling club
Allocation of funds towards heat and light expense
0
-
(50)
50
To General fund from Former Members Association
Allocation of funds towards heat and light expense
0
-
(200)
200
To General fund from Thursday Fellowship
Allocation of funds towards heat and light expense
0
-
(200)
200
To General fund from Tots & Co
Allocation of funds towards heat and light expense
0
-
(300)
300
To General fund from Youth club
Allocation of funds towards heat and light expense
0
-
(100)
100
To General fund from Mission Focus
Allocation of funds towards general Church Funds
0
-
(1,457)
1,457
To General fund from Outreach Fund
Reimbursement of payroll costs
0
-
(500)
500
To Childrens’ Ministry Fund from Outreach fund
Allocation of restricted outreach funds to set against general fund expenses for
Childrens’ ministry
0
-
38
(38)
To Youth Ministry Fund from Childrens’ Ministry Fund
Refund of specific expenditure made by Youth Ministry on behalf of Childrens’ ministry
0
-
210
(210)
To Youth Ministry Fund from Tuck Shop Fund
Refund of specific expenditure made by Youth Ministry on behalf of Tuck Shop
(240)
-
(240)
-
Allocation of funds towards Mission Africa contribution
240
-
240
-
To United Appeal fund from Mission Focus fund
(1,200)
-
(1,200)
-
Allocation of funds from Outreach Fund to Missions
1,200
-
1,200
-
To Mission Focus fund from Outreach Fund
(150)
-
(150)
-
Allocation of funds from Outreach Fund to Empowered Group
150
-
150
-
To Empowered Group From Outreach Fund
(70)
-
(70)
-
Allocation of funds from Youth Ministry to Youth Club
70
-
70
-
To Youth Club Fund from Youth Ministry Fund
(1,378)
-
(1,378)
-
Closure of Youth Club Fund - funds reallocated to Youth Ministry (under CyPres)
1,378
-
1,378
-
To Youth Ministry Fund from Youth Club Fund
0
0
(3,059)
3,059

Page 17 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (cont’d)

10 Non Current Assets

The Charity owns the Church building , halls and grounds at North Street, Carrickfergus and also the Church Manse. The trustees estimate that the cost of the properties owned as accounted for over all time would be in the region of £985,000.

For information, the Church and Halls are insured at £6,388,016 and the Manse is insured at £402,156 as at 31st December 2024. It is deemed that all fixtures and fittings will have been fully amortised to the Statement of Financial Activities in accordance with the depreciation policy stated in note 1.9 and thus there is no net book value of these assets recognised

11 Receivables

11 Receivables
12 Totals
2023
£
Totals
2024
£
Sundry debtors
Gift Aid tax reclaims due
Payables: amounts falling due within one year		 -
-
-
-
0
0
Totals
2023
£
Totals
2024
£
Sundry payables and accruals 4,109
-
4,109
0

13 Analysis of charity net assets between funds

Totals
2024
£
Endowment
funds
£
Restricted
funds
£
Unrestricted
funds
£
Payables
Current Assets - cash and cash equivalents
Current Assets - receivables
Investments
Non Current Assets		 0
-
-
-
319,954
43,650
264,844
11,460
0
-
-
-
29,000
-
-
29,000
0
-
-
-
348,954
43,650
264,844
40,460

Page 18 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (cont’d)

14 Financial Commitments

At 31st December 2024 the charity has no annual commitments under non-cancellable leases nor any other financial commitments that are not recognised in the accounts (2023: £nil). First Carrickfergus Congregation of the Presbyterian Church in Ireland has entered into a number of long term contracts for the supply of services all of which are cancellable.

15 Statement of Funds

At
31 Dec 24
£
Transfers
£
Outgoing
resources
£
Incoming
resources
£
At
1 Jan 24
£
Total funds
Total endowment funds
Endowment funds
Total restricted funds
Congregational Organisations
Benevolent Fund
Outreach Fund
United Appeal Fund
Building & Maintenance Fund
Total unrestricted funds
Other funds(designated)
Youth Tuck Shop fund(designated)
Investment fund(designated)
Estate of E Dick(designated)
Messy Church Fund(designated)
Children’s Ministry fund(designated)
General reserve		 0
-
(175)
-
175
0
178
(852)
335
339
29,000
-
-
-
29,000
0
(30,000)
-
-
30,000
844
-
-
-
844
301
500
(2,148)
1,646
303
10,314
32,807
(161,046)
175,464
(36,911)
40,459
3,485
(164,221)
177,445
23,750
14,545
(420)
(38,900)
35,552
18,313
5,457
-
(63)
550
4,970
27,623
(3,305)
(27,860)
24,308
34,480
0
240
(14,835)
14,595
-
217,219
-
(25,888)
20,021
223,086
264,844
(3,485)
(107,546)
95,026
280,849
43,650
-
-
-
43,650
43,650
0
0
0
43,650
348,953
0
(271,767)
272,471
348,249

 The general reserve represents the free funds of the charity which are not designated for particular purposes.  The Childrens’ Ministry fund holds funds designated by the Trustees for use in Childrens’ Ministry

 The Messy Church fund holds funds designated by the Trustees for use in Messy Church

 The Estate of I Dick is an unrestricted bequest which the Trustees are holding in a separate fund pending allocation to a specific project or expenditure

 The Investment fund holds funds designated by the Trustees to match the NS&I investments

 The Youth Tuck Shop fund holds funds designated by the Trustees for use in the Youth Tuck shop

Summary of the Aim and Use of Restricted Funds

 The Building and Maintenance Fund - holds funds to provide for both the ongoing management/maintenance of church property and to provide a reserve of funding for major capital projects.

 The United Appeal fund - holds donations received for the PCI United Appeal Scheme and other worthy causes until they are paid over to those charities once a year

 Congregational Organisations are attached to the Church. This fund holds the transactions of the 3rd Carrickfergus BB Company, The Badminton Club, etc.. so that the accounts can be consolidated in accordance with Charity legislation. Also see note 19.

Page 19 of 20

FIRST CARRICKFERGUS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (cont’d)

16
17		 Reconciliation of changes in resources to net cash inflow from operating activities
2023
£
2024
£
Net cash (outflow) from operating activities
Increase / (decrease) in payables
(Increase) in receivables
Net (outgoing) resources before depreciation and investment income
Returns on investment and servicing of finance		 145
(4,109)
-
-
(81,071)
(1,806)
(80,926)
(5,915)
2023
£
2024
£
Investment income from UK Sources 1,124
2,511

18 Going concern

The Kirk Session considers that the charity has sufficient funding in place to continue its operations in the near future and thus deems the use of the going concern basis to be appropriate.

19 Restricted fund - Congregational Organisations

The charity accounts include the consolidation of the accounts of the Congregational Organisations (3rd Carrickfergus Boys’ Brigade Company, Girls Brigade, Badminton Club, Bowling Club etc..). During the year there were 7 transactions between the main charity bank and the Congregational Organisations’ bank accounts and these transactions have been treated as transfers between the funds. Further information on these transactions can be found in note 9.

Page 20 of 20