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← Hazelbank Congregation of the Presbyterian Church in Ireland

2025-12-31-accounts

Hazelbank Congregation of the Presbyterian Church in Ireland

Financial Statements Year Ended 31[st] December 2025

NIC 105540

HAZELBANK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2025

Note Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total
2025		 Total
2024
£ £ £ £ £
Receipts
Donations and legacies 2 103,849 50,320 154,169 153,416
Charitable activities 3 340 5,220 5,560 4,770
Investment Income 4 3,336 2,987 6,323 6,358
Other Income 5 493 0 493 515
---------- ---------- ---------- ---------- ----------
Sub Total 108,019 58,527 0 166,546 165,059
Sale of Investments 0
Sale of fixed assets 0
Loans Received 0
---------- ---------- ---------- ---------- ----------
Total Receipts 108,019 58,527 0 166,546 165,059
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 6 440 0 440 495
Charitable activities 7 105,097 66,513 171,610 148,075
---------- ---------- ---------- ---------- ----------
Sub Total 105,537 66,513 0 172,050 148,570
Purchase of Investments 36 36 46
Purchase of fixed assets 0
Loan Repayments 0
---------- ---------- ---------- ---------- ----------
Total Payments 105,573 66,513 0 172,086 148,616
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) 2,445 (7,986) 0 (5,541) 16,443
Transfers between funds 350 (350) 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds 2,795 (8,336) 0 (5,541) 16,443
Funds brought forward 126,529 130,315 0 256,844 240,401
---------- --------- ---------- ---------- ----------
Funds carried forward 10 129,324 121,979 0 251,303 256,844
====== ====== ====== ====== ======

Page 1

HAZELBANK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES

.

As at 31 December 2025

As at 31 December 2025
Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 i a Total
2024
£ £ £ £ £
Funds Reconciliation
Bank and Cash at start ofyear 126,529 130,315 256,844 240,401
Net movement in funds 2,795 (8,336) (5,541) 16,443
Bank and Cash at end ofyear 129,324 121,979 ) 251,303 256,844
Bank & Cash Balances
Bank Accounts 251,061 256,645
Cash in Hand 242 199
251,303 256,844
Fixed Assets— Note 8 4,049,333 4,049,332
Other Assets
Investments — Note 9 3,254 3,218
Gift Aid receivable on donations 25,766 23,940
29,020 27,158

Approved by the Kirk Session ata meetingon

|\C ~2-Z6G and signed on its behalf by

Name—“—S020Ss —~¢ Name \o SS a

Date

Date

Page 2

31-Dec-25

HAZELBANK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

BASIS OF FINANCIAL STATEMENTS

As the total income of the congregation is less than £250,000 the congregation have elected to prepare its accounts on a receipts and payments basis, in accordance with the provisions in The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.

FUND ACCOUNTING

Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.

Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.

Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future.

2. DONATIONS AND LEGACIES

Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2025 2024
£ £ £ £ £
Recorded giving 81,640 33,759 115,399 113,272
Loose collections 1,721 9,537 11,259 10,116
Donations and gifts 610 390 1,000 2,046
Gift Aid 19,878 5,988 25,866 27,282
Legacies and bequest 0 646 646 700
---------- ---------- ---------- ---------- ----------
103,849 50,320 0 154,169 153,416
---------- ---------- ---------- ---------- ----------

Page 3

HAZELBANK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS

31-Dec-25

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2025 2024
£ £ £ £ £
Income from charitable activities 340 892 1,232 1,165
Fees from weddings and funerals 0 0 0 572
Fundraising events 0 1,293 1,293 1,244
Membership fees 0 1,635 1,635 1,789
Grants 0 1,400 1,400 0
---------- ---------- ---------- ---------- ----------
340 5,220 0 5,560 4,770
---------- ---------- ---------- ---------- ----------

4. INVESTMENT INCOME

4.INVESTMENT INCOME
Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2025 2024
£ £ £ £ £
Bank interest 3,336 2,987 6,323 6,312
Other investment income 0 0 0 46
---------- ---------- ---------- ---------- ----------
3,336 2,987 0 6,323 6,358
---------- ---------- ---------- ---------- ----------
5.OTHER INCOME
Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2025 2024
£ £ £ £ £
Other income 493 0 493 515
---------- ---------- ---------- ---------- ----------
493 0 0 493 515
---------- ---------- ---------- ---------- ----------
6.RAISING FUNDS
Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2025 2024
£ £ £ £ £
FWO envelopes 440 0 440 459
Fundraising events 0 0 0 36
---------- ---------- ---------- ---------- ----------
440 0 0 440 495
---------- ---------- ---------- ---------- ----------

Page 4

HAZELBANK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31-Dec-25

7. CHARITABLE ACTIVITIES

7.CHARITABLE ACTIVITIES
Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2025 2024
£ £ £ £ £
General Assembly Assessments 9,428 0 9,428 19,547
Presbytery fees 636 0 636 629
Ministry and support staff costs 75,756 0 75,756 65,946
Premises Costs 13,282 0 13,282 14,418
Congregational running expenses 3,512 8,188 11,700 9,037
Repairs and Maintenance 2,134 32,175 34,308 7,148
Donations to Missions and charities 0 26,151 26,151 31,050
Governance costs 350 0 350 300
---------- ---------- ---------- ---------- ----------
105,097 66,514 0 171,611 148,075
---------- ---------- ---------- ---------- ----------

8. FIXED ASSETS

The congregation owns the Church premises situated at Hazelbank Road, Coleraine and the associated fixtures, fittings, plant and machinery.

The congregation also owns the Church Manse

These have an insurance value of

and the associated fixtures, fittings, plant and machinery.
The congregation also owns the Church Manse
These have an insurance value of
£ £
Church Premises including fixtures and fittings 3,524,073 3,524,072
Church Manse 525,260 525,260
------------ ------------
4,049,333 4,049,332
------------ ------------

9. INVESTMENTS

The congregation has the following investments. Amounts are shown at market valuation.

2025 2024
Endowment Funds £ £
Bequest Account 3,254 3,218
---------- ----------
3,254 3,218
---------- ----------

Page 5

HAZELBANK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31-Dec-25

10. FUND BALANCES

Fund Balance at
start		 Receipts Payment Surplus /
(Deficit)		 **Transfer ** Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 126,529 108,018 105,573 2,445 350 129,324
---------- ---------- ---------- ---------- ---------- ----------
126,529 108,018 105,573 2,445 350 129,324
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Building Fund 67,724 21,891 32,175 (10,284) 57,440
Ministry Extension Fund 51,983 7,508 2,600 4,908 (500) 56,391
United Appeal 0 8,132 8,112 20 20
World Development Appeal 0 4,218 4,118 100 100
Zomba 0 1,787 1,787 0 0
EMF 0 3,806 3,806 0 0
Digging Deeper 0 326 326 0 0
Downey Family 0 2,434 2,434 0 0
Foodbank 200 210 410 (200) 0
Kathryn Lindsay (Mission Africa) 0 410 410 0 0
Students' Bursary Fund 0 67 67 0 0
Turks Work 0 370 370 0 0
Street Pastors 0 20 20 0 0
Bowling Club 451 575 223 352 (250) 553
Fit 4 118 0 0 0 118
Girls' Brigade 3,640 5,669 4,403 1,266 4,906
Mums and Toddlers 447 194 211 (17) 430
Presbyterian Women 4,817 349 4,061 (3,712) (100) 1,005
Sunday School 935 561 980 (419) 500 1,016
0 0
---------- ---------- ---------- ---------- ---------- ----------
130,315 58,527 66,513 (7,986) (350) 121,979
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 256,844 166,545 172,086 (5,541) 0 251,303
======= ======= ======= ======= ======= =======

Page 6

Independent examiner’s report to the trustees of Hazelbank Congregation of The Presbyterian Church in Ireland

I report on the accounts of the Charity for the year ended 31 December 2025, which are set out on pages 1 to 6.

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 charity’s trustees consider that an audit is not required for this year under section 65(2) of the Charities Act (Northern Ireland) 2008 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9) (b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as 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 next statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met or

Olive K Wallace ACMA, CGMA OK Wallace Accountancy and Bookkeeping 101 Coolyvenny Road Coleraine BT51 3SF

2 March 2026