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|<br>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: 

- ‘3. (1) The visible Church consists of all those throughout the world who profess to believe on the Lord Jesus Christ for salvation and to live obedient to God’s Word, together with their children. 

- (2) The visible Church was established by the Lord Jesus Christ for the glory of the Father and the advancement of His Kingdom in the world. These great purposes are to be accomplished by the proclamation of the Gospel, by witness-bearing to the truth as it is in Jesus Christ and by the promotion of Christian fellowship and mutual edification among all believers.’ 

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<br>families under financial pressures||||||||||to|
|Easter, Christmas,<br>Services<br>Prayer Meetings|||Harvest|and|Remembrance|Crèche<br>Holiday Bible Club<br>years)|||||||(Summer Programme, 5-11|||Pastoral visits to homes, hospitals, Retirement<br>Homes and Care Homes<br>Special fundraising appeals|||||||||||
|Alpha Courses<br>Core Groups<br>BB Anchor Boys (4-8 years)<br>BB Junior Section (8-11 years)<br>BB Company Section (11-14 years)||||||Kids Crew (children’s Sunday morning<br>programme)<br>Needle & Natter<br>Women’s Ministry Group<br>Men’s Ministry Group||||||||||Community use of halls<br>Provision of a publicly available defibrillator<br>Fitness classes<br>Big Church Day and Church Lunches|||||||||||
|BB Senior Section||(15-18 years)||||Audio||Visual||Team|||||||||||||||||
|GB Explorers (3-7||years)||||Music||Ministry Team|||||||||||||||||||
|<br>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.|||||||||||||||||||||||||||
|<br>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<br>2023|2024<br>2023|2024<br>2023|
|---|---|---|
|Number of families under the pastoral care of the church|269|295|
|Number of persons<br>-under 18 years|67|98|
|-19 - 64 years|299|333|
|-Over 65 years|236|238|
|-TOTAL|602|669|
||||
||Average Weekly<br>participants|Average Weekly<br>participants|
|Sunday Services<br>-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<br>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:- 

- Select suitable accounting policies and then apply them consistently; 

- Observe the methods and principles in the Charities SORP; 

- Make judgements and estimates that are reasonable and prudent; 

- State whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements; and 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the organisation will continue to function. 

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: 

- The Organisation is operating efficiently and effectively; 

- All assets are safeguarded against unauthorised use or disposition and are properly applied; 

- Proper records are maintained and financial information used within the Organisation, or for publication, is reliable; and 

- The Organisation complies with relevant laws and regulations 

## Statement as disclosure to our reporting accountant 

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

- there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the charity’s reporting accountant is unaware; and 

- the Elders, having made enquiries of fellow Elders and the charity’s reporting accountant that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a trustee in order to make themselves aware of any relevant audit information and to establish that the reporting accountant is aware of that information. 

## 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: 

- It has little endowment funding and is currently dependent for income upon donations from year to year which are subject to review; and 

- It requires protection against and the ability to continue operating despite unforeseen setbacks; and 

- It requires the ability to be able to take advantage of change and opportunities to further its objectives. 

- The Elders believe that the level of unrestricted reserves represented by investments and net current assets should be the equivalent of between three and preferably six months’ operating costs calculated and reviewed annually. Reserves should be built up to the desired level in stages consistent with the charity’s overall financial position and its need to maintain and develop its charitable activities. 

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: 

- examine the accounts under Article 65 of the Charities Act (Northern Ireland) 2008, and 

- to follow the applicable Directions given by the Charity Commission for Northern Ireland, and 

- to state whether particular matters have come to my attention 

## 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: 

- the accounting records were not kept in accordance with Article 63 of the Charities Act (Northern Ireland) 2008; or 

- the accounts did not accord with the accounting records; or 

- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. 

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<br>2023<br>£<br>Totals<br>2024<br>£<br>Endowment<br>funds<br>£<br>Restricted<br>funds<br>£<br>Unrestricted<br>Funds<br>£|
|---|---|
|<br>Fund balances c/f at 31st December<br><br>Fund balances b/f at 1st January<br>Reconciliation of funds<br>Net movement in funds for the year<br>9<br>Transfers between funds<br>10<br>Depreciation<br>Net surplus / (deficit) for the year<br>Total expenditure<br>4<br><br>Other expenses<br>4<br><br>Legal and professional fees<br>on other items<br>4 / 5<br><br>Programme costs<br>4.1<br><br>General administration costs<br>4.1<br><br>Travel and training costs<br>4.1<br><br>Premises costs<br>4.1 / 4.2<br><br>Employee costs<br>on charitable activities<br><br>Promotional costs<br>on raising funds<br>EXPENDITURE<br>Total income<br>3<br><br>Investment income<br>from investments<br>3<br><br>Other income<br>3<br><br>Gift Aid tax refunded<br>from other activities<br>3<br><br>Other charitable income<br>from charitable activities<br>3<br><br>Grants and Donations<br>from donations and legacies<br>INCOME|1,928<br>2,511<br>-<br>305<br>2,206<br>12,095<br>18,811<br>-<br>15,588<br>3,223<br>31,581<br>35,386<br>-<br>10,649<br>24,737<br>2,128<br>2,080<br>-<br>1,061<br>1,019<br>224,910<br>213,683<br>-<br>67,423<br>146,260|
||272,642<br>272,471<br>0<br>95,026<br>177,445|
||647<br>2,702<br>-<br>982<br>1,720<br>4,713<br>1,291<br>-<br>-<br>1,291<br>97,435<br>83,509<br>-<br>55,784<br>27,725<br>10,059<br>4,962<br>-<br>546<br>4,416<br>7,094<br>7,382<br>-<br>165<br>7,217<br>108,254<br>48,244<br>-<br>25,827<br>22,417<br>122,770<br>123,031<br>-<br>24,668<br>98,363<br>1,617<br>645<br>-<br>-<br>645|
||352,589<br>271,766<br>0<br>107,972<br>163,794|
||-<br>0<br>-<br>(3,059)<br>3,059<br>-<br>0<br>-<br>-<br>-<br>(79,947)<br>705<br>0<br>(12,946)<br>13,651|
||(79,947)<br>705<br>0<br>(16,005)<br>16,710|
||428,196<br>348,249<br>43,650<br>280,849<br>23,750|
||348,249<br>348,954<br>43,650<br>264,844<br>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. 

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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<br>£<br>2024<br>£|
|---|---|
|NET CURRENT ASSETS<br>12<br>PAYABLES: amounts falling due within one year<br><br>Cash and cash equivalents<br>11<br><br>Receivables<br>CURRENT ASSETS<br><br>Investments<br>INVESTMENTS<br>10<br><br>Tangible assets<br>NON CURRENT ASSETS|-<br>-|
||0<br>0|
||29,000<br>29,000|
||323,358<br>319,954<br>-<br>-<br>29,000<br>29,000|
||(4,109)<br>-<br>323,358<br>319,954|
||319,249<br>319,954|
|TOTAL ASSETS LESS CURRENT LIABILITIES|348,249<br>348,954|
|Total endowment<br>15<br>Endowment Funds<br>Endowment funds:<br>Total restricted<br>15<br>Congregational Organisations<br>15<br>Benevolent Fund<br>15<br>Outreach Fund<br>15<br>United Appeal & Other Worthy Causes Fund<br>15<br>Building & Maintenance Fund<br>Restricted income funds:<br>Total unrestricted<br>15<br>Other funds(designated)<br>15<br>Investment fund(designated)<br>15<br>Estate of I Dick(designated)<br>15<br>Messy Church fund(designated)<br>15<br>Children’s Ministry fund(designated)<br>15<br>General funds<br>Unrestricted income funds:<br>THE FUNDS OF THE CHARITY|514<br>-<br>29,000<br>29,000<br>30,000<br>-<br>844<br>844<br>303<br>302<br>(36,911)<br>10,314|
||23,750<br>40,460|
||18,313<br>14,546<br>4,970<br>5,457<br>34,480<br>27,623<br>-<br>-<br>223,086<br>217,218|
||280,849<br>264,844|
||43,650<br>43,650|
||43,650<br>43,650|
|||
|TOTAL FUNDS|348,249<br>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 

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

- 1.2 Basis of Preparation 

   - The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in Sterling, which is the functional currency of the entity 

## 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: 

- the charity has entitlement to the funds; 

- any performance conditions attached to the item(s) of revenue have been met or are fully within the control of the charity; 

- it is probable that the revenue will be received; and 

- the amount can be measured reliably 

- Revenue received in advance of the provision of a specified service is deferred until the criteria for revenue recognition 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: 

- Expenditure on raising funds comprises the costs of marketing and promoting the charity and its activities; 

- Expenditure on charitable activities includes the direct costs allocated to the performance of activities undertaken to further the purposes of the charity and their associated support costs; 

- Expenditure on other items represents those items not falling into any other heading. 

## 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. 

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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<br>INCOME<br>GRAND TOTALS<br>sub-total<br><br>Income on bequests invested<br><br>UK bank interest received<br>from investments:<br>sub-total<br><br>Other income<br><br>Organisations’ membership / dues<br><br>Use of premises income<br><br>FWO/general<br><br>Other<br><br>Outreach<br><br>United Appeal<br><br>Building & Maintenance<br><br>Gift Aid tax refunded<br>from other activities:<br>sub-total<br><br>Other charitable income<br><br>Bookstall & tuck shop sales<br>from charitable activities:<br>sub-total<br><br>Grants received<br><br>DEC - Turkey Syria Earthquake<br><br>BB / GB Enrolment Service<br><br>Loose - Childrens Ministry<br><br>Leaving gift<br><br>Carol Service(2024: Macmillan 2023 :Chest, Heart Stroke)<br><br>Poppy Appeal<br><br>Tear Fund<br><br>Presbyterian Childrens Society<br><br>Special collections<br><br>Outreach donations<br><br>United Appeal donations<br><br>Building & Maintenance donations<br><br>Other donations<br><br>Legacies/bequests received<br><br>Loose collections<br><br>Freewill offering<br>from grants, donations and legacies:|3<br>INCOME<br>GRAND TOTALS<br>sub-total<br><br>Income on bequests invested<br><br>UK bank interest received<br>from investments:<br>sub-total<br><br>Other income<br><br>Organisations’ membership / dues<br><br>Use of premises income<br><br>FWO/general<br><br>Other<br><br>Outreach<br><br>United Appeal<br><br>Building & Maintenance<br><br>Gift Aid tax refunded<br>from other activities:<br>sub-total<br><br>Other charitable income<br><br>Bookstall & tuck shop sales<br>from charitable activities:<br>sub-total<br><br>Grants received<br><br>DEC - Turkey Syria Earthquake<br><br>BB / GB Enrolment Service<br><br>Loose - Childrens Ministry<br><br>Leaving gift<br><br>Carol Service(2024: Macmillan 2023 :Chest, Heart Stroke)<br><br>Poppy Appeal<br><br>Tear Fund<br><br>Presbyterian Childrens Society<br><br>Special collections<br><br>Outreach donations<br><br>United Appeal donations<br><br>Building & Maintenance donations<br><br>Other donations<br><br>Legacies/bequests received<br><br>Loose collections<br><br>Freewill offering<br>from grants, donations and legacies:||
|---|---|---|
|||Totals<br>2023<br>£<br>Totals<br>2024<br>£<br>Endowment<br>funds<br>£<br>Restricted<br>funds<br>£<br>Unrestricted<br>Funds<br>£|
||<br>Grants received<br><br>DEC - Turkey Syria Earthquake<br><br>BB / GB Enrolment Service<br><br>Loose - Childrens Ministry<br><br>Leaving gift<br><br>Carol Service(2024: Macmillan 2023 :Chest, Heart Stroke)<br><br>Poppy Appeal<br><br>Tear Fund<br><br>Presbyterian Childrens Society<br><br>Special collections<br><br>Outreach donations<br><br>United Appeal donations<br><br>Building & Maintenance donations<br><br>Other donations<br><br>Legacies/bequests received<br><br>Loose collections<br><br>Freewill offering<br>from grants, donations and legacies:|8,186<br>12,446<br>-<br>11,269<br>1,177<br>5,250<br>0<br>-<br>-<br>-<br>-<br>532<br>-<br>532<br>-<br>-<br>369<br>-<br>-<br>369<br>-<br>528<br>-<br>-<br>528<br>475<br>733<br>-<br>-<br>733<br>381<br>368<br>-<br>-<br>368<br>4,243<br>3,640<br>-<br>-<br>3,640<br>1,669<br>1,600<br>-<br>-<br>1,600<br>36,368<br>19,973<br>-<br>19,973<br>-<br>12,412<br>12,239<br>-<br>12,239<br>-<br>16,631<br>16,368<br>-<br>16,368<br>-<br>16,234<br>7,591<br>-<br>7,042<br>549<br>7,267<br>0<br>-<br>-<br>-<br>1,597<br>3,956<br>-<br>-<br>3,956<br>114,197<br>133,340<br>-<br>-<br>133,340|
||sub-total|224,910<br>213,683<br>0<br>67,423<br>146,260|
||<br>Other charitable income<br><br>Bookstall & tuck shop sales<br>from charitable activities:|-<br>0<br>-<br>-<br>-<br>2,128<br>2,080<br>-<br>1,061<br>1,019|
||sub-total|2,128<br>2,080<br>0<br>1,061<br>1,019|
||<br>Other income<br><br>Organisations’ membership / dues<br><br>Use of premises income<br><br>FWO/general<br><br>Other<br><br>Outreach<br><br>United Appeal<br><br>Building & Maintenance<br><br>Gift Aid tax refunded<br>from other activities:|5,300<br>11,406<br>-<br>9,998<br>1,408<br>5,452<br>5,590<br>-<br>5,590<br>-<br>1,343<br>1,815<br>-<br>-<br>1,815<br>21,131<br>24,737<br>-<br>-<br>24,737<br>3,536<br>515<br>-<br>515<br>-<br>975<br>4,335<br>-<br>4,335<br>-<br>2,403<br>2,356<br>-<br>2,356<br>-<br>3,536<br>3,443<br>-<br>3,443<br>-|
||sub-total|43,676<br>54,197<br>0<br>26,237<br>27,960|
||<br>Income on bequests invested<br><br>UK bank interest received<br>from investments:|1,914<br>2,286<br>-<br>80<br>2,206<br>14<br>225<br>-<br>225<br>-|
||sub-total|1,928<br>2,511<br>0<br>305<br>2,206|
||GRAND TOTALS||
|||272,642<br>272,471<br>0<br>95,026<br>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<br>EXPENDITURE<br>GRAND TOTALS<br>sub-total<br><br>Sundry expenses<br><br>Bank charges<br>Other expenses:<br><br>Other governance costs<br><br>Independent examiner fees<br>Legal and professional fees:<br>on other items:<br>sub-total<br><br>Programme costs (see note 5)<br>Programme costs:<br><br>Subscriptions<br><br>Telephone, computer and internet<br><br>Printing, postage and stationery<br>General administration costs:<br><br>Minister and employee’s expenses<br><br>Training<br>Travel and training costs:<br><br>Other premises expenses<br><br>Cleaning<br><br>Repairs and Property projects<br><br>Gas<br><br>Electricity<br><br>Insurance<br><br>Ground rent. rates and water rates<br>Premises, equipment & insurance costs:<br><br>See note 4.2<br>Employee costs:<br>on charitable activities:<br>sub-total<br><br>Promotional materials<br>on raising funds:|4.1<br>EXPENDITURE<br>GRAND TOTALS<br>sub-total<br><br>Sundry expenses<br><br>Bank charges<br>Other expenses:<br><br>Other governance costs<br><br>Independent examiner fees<br>Legal and professional fees:<br>on other items:<br>sub-total<br><br>Programme costs (see note 5)<br>Programme costs:<br><br>Subscriptions<br><br>Telephone, computer and internet<br><br>Printing, postage and stationery<br>General administration costs:<br><br>Minister and employee’s expenses<br><br>Training<br>Travel and training costs:<br><br>Other premises expenses<br><br>Cleaning<br><br>Repairs and Property projects<br><br>Gas<br><br>Electricity<br><br>Insurance<br><br>Ground rent. rates and water rates<br>Premises, equipment & insurance costs:<br><br>See note 4.2<br>Employee costs:<br>on charitable activities:<br>sub-total<br><br>Promotional materials<br>on raising funds:||
|---|---|---|
|||Totals<br>2023<br>£<br>Totals<br>2024<br>£<br>Endowment<br>funds<br>£<br>Restricted<br>funds<br>£<br>Unrestricted<br>Funds<br>£|
||<br>Promotional materials<br>on raising funds:|1,617<br>645<br>-<br>-<br>645|
||sub-total|1,617<br>645<br>0<br>0<br>645|
||<br>Programme costs (see note 5)<br>Programme costs:<br><br>Subscriptions<br><br>Telephone, computer and internet<br><br>Printing, postage and stationery<br>General administration costs:<br><br>Minister and employee’s expenses<br><br>Training<br>Travel and training costs:<br><br>Other premises expenses<br><br>Cleaning<br><br>Repairs and Property projects<br><br>Gas<br><br>Electricity<br><br>Insurance<br><br>Ground rent. rates and water rates<br>Premises, equipment & insurance costs:<br><br>See note 4.2<br>Employee costs:<br>on charitable activities:|97,435<br>83,509<br>-<br>55,784<br>27,725<br>3,683<br>0<br>-<br>-<br>-<br>1,580<br>2,914<br>-<br>369<br>2,545<br>4,796<br>2,049<br>-<br>177<br>1,872<br>7,054<br>7,204<br>-<br>80<br>7,124<br>40<br>178<br>-<br>85<br>93<br>-<br>1,132<br>-<br>480<br>652<br>10,277<br>10,722<br>-<br>9,740<br>982<br>76,328<br>14,940<br>-<br>14,703<br>237<br>7,954<br>9,090<br>-<br>-<br>9,090<br>6,804<br>5,111<br>-<br>-<br>5,111<br>5,505<br>5,770<br>-<br>-<br>5,770<br>1,386<br>1,478<br>-<br>903<br>575<br>122,770<br>123,031<br>-<br>24,668<br>98,363|
||sub-total|345,612<br>267,128<br>0<br>106,989<br>160,139|
||<br>Sundry expenses<br><br>Bank charges<br>Other expenses:<br><br>Other governance costs<br><br>Independent examiner fees<br>Legal and professional fees:<br>on other items:|-<br>2,054<br>-<br>399<br>1,655<br>647<br>648<br>-<br>584<br>64<br>-<br>0<br>-<br>-<br>-<br>4,713<br>1,291<br>-<br>-<br>1,291|
||sub-total|5,360<br>3,993<br>0<br>983<br>3,010|
||GRAND TOTALS|352,589<br>271,766<br>0<br>107,972<br>163,794|



## 4.2 Staff costs and numbers 

||Totals<br>2023<br>£<br>Totals<br>2024<br>£<br>Restricted<br>funds<br>£<br>Unrestricted<br>Funds<br>£|
|---|---|
|Defined benefit pensions (PCI pension plan)<br>Defined contribution pensions (NEST)<br>Employers National Insurance<br>Pulpit and Music supply<br>Wages, salaries and Stipends|12,030<br>12,631<br>-<br>12,631<br>1,272<br>1,167<br>732<br>435<br>2,169<br>6,978<br>-<br>6,978<br>-<br>1,506<br>-<br>1,506<br>107,299<br>100,749<br>23,936<br>76,813|
||122,770<br>123,031<br>24,668<br>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<br>2023<br>£<br>Totals<br>2024<br>£<br>Endowment<br>funds<br>£<br>Restricted<br>funds<br>£<br>Unrestricted<br>Funds<br>£|
||Other special collections<br>United Appeal<br>Turkey / Syria Earthquake<br>The Cithrah Foundation<br>Tear Fund<br>Sunnylands Primary School<br>Storehouse<br>Senior Gateway Club<br>Samaritans Purse<br>RNLI<br>PW Projects<br>Presbyterian Children’s Society<br>Parkinsons Charity<br>NI Chest, Heart & Stoke<br>NI Cancer Fund for children<br>NI Air Ambulance<br>Mission Focus donations<br>Mission Africa<br>Macmillan Cancer Support<br>Leprosy Mission<br>Earl Haig Fund<br>Christians Against Poverty<br>Carrickfergus YMCA<br>Bequests redistributed<br>Charitable distributions:|687<br>67<br>-<br>-<br>67<br>14,754<br>13,036<br>-<br>13,036<br>-<br>5,250<br>0<br>-<br>-<br>-<br>650<br>530<br>-<br>530<br>-<br>4,243<br>3,665<br>-<br>-<br>3,665<br>87<br>0<br>-<br>-<br>-<br>650<br>500<br>-<br>500<br>-<br>650<br>500<br>-<br>500<br>-<br>-<br>20<br>-<br>20<br>-<br>-<br>50<br>-<br>50<br>-<br>-<br>311<br>-<br>311<br>-<br>1,669<br>1,889<br>-<br>-<br>1,889<br>-<br>100<br>-<br>100<br>-<br>475<br>0<br>-<br>-<br>-<br>-<br>270<br>-<br>270<br>-<br>-<br>200<br>-<br>200<br>-<br>2,025<br>1,980<br>-<br>1,980<br>-<br>-<br>240<br>-<br>240<br>-<br>-<br>1,003<br>-<br>270<br>733<br>-<br>50<br>-<br>50<br>-<br>381<br>368<br>-<br>-<br>368<br>-<br>50<br>-<br>50<br>-<br>1,200<br>1,250<br>-<br>1,200<br>50<br>-<br>248<br>-<br>-<br>248|
||sub-total|32,721<br>26,327<br>0<br>19,307<br>7,020|
||Overseas Projects<br>Charitable distributions - outside UK / Ire:|-<br>0<br>-<br>-<br>-|
||sub-total|0<br>0<br>0<br>0<br>0|
||Grants to entities<br>Benevolent Fund Grants<br>Mission Focus distributions<br>Charitable Grants made:|10,682<br>51<br>-<br>51<br>-<br>-<br>63<br>-<br>63<br>-<br>2,090<br>2,256<br>-<br>2,256<br>-|
||sub-total|12,772<br>2,370<br>0<br>2,370<br>0|
||Carrickfergus Presbytery Fees<br>PCI Assembly assessments<br>PCI Assessments:|1,017<br>1,060<br>-<br>-<br>1,060<br>13,889<br>14,462<br>-<br>-<br>14,462|
||sub-total|14,906<br>15,522<br>0<br>0<br>15,522|
||Other<br>Sundry donations and expenses<br>Organisations’ Programme costs<br>Catering costs<br>Goods purchased for resale<br>Worship resources<br>Other charitable expenditure:|-<br>0<br>-<br>-<br>-<br>872<br>386<br>-<br>386<br>-<br>29,421<br>25,539<br>-<br>25,539<br>-<br>1,295<br>2,793<br>-<br>2,173<br>620<br>933<br>2,310<br>-<br>1,166<br>1,144<br>4,515<br>8,262<br>-<br>4,843<br>3,419|
||sub-total|37,036<br>39,290<br>0<br>34,107<br>5,183|
||||
||GRAND TOTALS|97,435<br>83,509<br>0<br>55,784<br>27,725|



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

- One Trustee was employed by the Charity and received reimbursement of out-of-pocket expenses during the year (2023: 1). The details are as follows:  Rev Dr Cecil Grant - Employed as Minister of the Congregation - Salary £52,630, Employer pension contribution £12,631, Exp allowance £7,036, Mileage £0 

- The following transactions took place with secondary related parties during the year:  Mrs Rosalind Hart - Employed as Church Administrator - spouse of Mr Graham Hart (trustee) - Salary £14,540, Employer pension contribution £436, Exp allowance £0, Mileage £0. 

- Mrs Anita Hogg - Employed as Music Director - spouse of Mr W Terence Hogg (trustee) - Salary £9,784, Employer pension contribution £0, Exp allowance £0, Mileage £0. 

- The following trustees received reimbursement from the charity where they had paid charity liabilities from personal funds whilst acting as agent for the charity:  Rev Dr Cecil Grant received £30 (2023: £1,040) by way of reimbursement from the charity where they had paid charity liabilities from personal funds while acting as agent for the charity. 

- Mr Trevor Norris received £91 (2023: £135) by way of reimbursement from the charity where they had paid charity liabilities from personal funds while acting as agent for the charity. 

- Mr Neil Anderson received £474 (2023: £755) by way of reimbursement from the charity where they had paid charity liabilities from personal funds while acting as agent for the charity. 

- Mr Stephen Doherty received £652 (2023: £nil) by way of reimbursement from the charity where they had paid charity liabilities from personal funds while acting as agent for the charity. 

- Mr Raymond Leeman received £321 (2023: £300) by way of reimbursement from the charity where they had paid charity liabilities from personal funds while acting as agent for the charity 

- No other trustee or other person connected to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2023 - Nil). North Street First Carrickfergus Presbyterian Church is a member of Carrickfergus Presbytery who in turn is a member of the Presbyterian Church in Ireland (PCI). During the 2022 financial year, Presbytery Fees of £1,060 (2023: £1,017) were paid to Carrickfergus Presbytery and PCI Assessments amounting to £14,462 (2023: £13,889) were paid to the PCI by the charity. The minister’s stipend is paid by PCI and assessed on the Congregation. 

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. 

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



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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<br>2023<br>£<br>Totals<br>2024<br>£|
||Sundry debtors<br>Gift Aid tax reclaims due<br>Payables: amounts falling due within one year|-<br>-<br>-<br>-|
|||0<br>0|
||||
|||Totals<br>2023<br>£<br>Totals<br>2024<br>£|
||Sundry payables and accruals|4,109<br>-|
|||4,109<br>0|



## 13 Analysis of charity net assets between funds 

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



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

- The Outreach fund - holds funds... 

- The Benevolent fund - holds donations 

 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. 

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

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