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← Aghadowey Congregation of the Presbyterian Church in Ireland

2025-12-31-accounts

Aghadowey Congregation of the Presbyterian Church in Ireland

Financial Statements

Year Ended 31[st] December 2025

NIC 105547

AGHADOWEY 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 92,208 60,059 152,267 189,088
Charitable activities 3 1,244 10,097 11,341 22,968
Other trading activities 4 0 865 865 3,010
Investment Income 5 1,620 1,714 3,334 8,062
Other Income 6 1,197 10 1,207 3,737
---------- ---------- ---------- ---------- ----------
Sub Total 96,269 72,745 0 169,014 226,865
Sale of Investments 0 100,000
VAT Refund 14,826 14,826 58,979
Loans Received 0 174,000
---------- ---------- ---------- ---------- ----------
Total Receipts 96,269 87,571 0 183,840 559,844
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 7 352 0 352 579
Charitable activities 8 84,742 27,823 112,565 125,774
Investment costs 0
Other Expenditure 9 0 0 0 675
---------- ---------- ---------- ---------- ----------
Sub Total 85,094 27,823 0 112,917 127,028
Purchase of Investments 1,203 1,043 2,246 1,980
Purchase of fixed assets 22,908 22,908 435,025
Loan Repayments 10,000 10,000 164,000
---------- ---------- ---------- ---------- ----------
Total Payments 86,297 61,774 0 148,071 728,033
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) 9,972 25,797 0 35,769 (168,189)
Transfers between funds (20,000) 20,000 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds (10,028) 45,797 0 35,769 (168,189)
Funds brought forward 45,731 66,510 112,241 280,430
---------- --------- ---------- ---------- ----------
Funds carried forward 12 35,703 112,307 0 148,010 112,241
====== ====== ====== ====== ======

Page 1

AGHADOWEY 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		 Hera . 2025 Total
2024
£ £ £ £ £
Funds Reconciliation
Bank and Cash at start ofyear 45,731 66,510 112,241 280,430
Net movement in funds (10,028) 45,797 35,769 (168,189)
Bank and Cash at end ofyear 35,703 112,307 0 148,010 112,241
Bank & Cash Balances
Bank Accounts 147,893 112,110
Cash in Hand 117 131
148,010 112,241
Fixed Assets— Note 10 6,547,108 6,387,422
.
Other Assets
Investments— Note 11 134,534 127,127
Gift Aid receivable on donations 5,345 2,747
139,879 129,874
Liabilities
Loans 0) 10,000
) 10,000

Approved by the Kirk Session at a meeting on gl acch doak, and signed on its behalf by

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Page 2

31 December 2025

AGHADOWEY 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
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2025 Total
2024
£ £ £ £ £
Recorded giving 60,947 39,366 100,313 149,063
Loose collections 0 9,510 9,510 8,935
Donations and gifts 0 1,085 1,085 1,543
Gift Aid 11,261 10,098 21,359 29,547
Legacies and bequest 20,000 0 20,000 0
---------- ---------- ---------- ---------- ----------
92,208 60,059 0 152,267 189,088
---------- ---------- ---------- ---------- ----------

Page 3

AGHADOWEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2025

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds Total 2025		 Total
2024
£ £ £ £ £
Income from charitable activities 1,244 982 2,226 4,355
Fees from weddings and funerals 0 0 0 0
Fundraising events 0 6,841 6,841 15,606
Membership fees 0 1,074 1,074 1,120
Grants 0 1,200 1,200 1,887
---------- ---------- ---------- ---------- ----------
1,244 10,097 0 11,341 22,968
---------- ---------- ---------- ---------- ----------
4.OTHER TRADING ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds Total 2025		 Total
2024
£ £ £ £ £
Letting of premises 0 300 300 1,010
Trading income 0 565 565 2,000
---------- ---------- ---------- ---------- ----------
0 865 0 865 3,010
---------- ---------- ---------- ---------- ----------
5.INVESTMENT INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds Total 2025		 Total
2024
£ £ £ £ £
Bank interest 134 2 136 105
General Investment Fund 282 669 951 924
Other investment income 1,204 1,043 2,247 7,033
---------- ---------- ---------- ---------- ----------
1,620 1,714 0 3,334 8,062
---------- ---------- ---------- ---------- ----------

Page 4

AGHADOWEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2025

6. OTHER INCOME

6.OTHER INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2025		 Total
2024
£ £ £ £ £
Other income 1,197 10 1,207 3,737
---------- ---------- ---------- ---------- ----------
1,197 10 0 1,207 3,737
---------- ---------- ---------- ---------- ----------
7.RAISING FUNDS
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2025		 Total
2024
£ £ £ £ £
FWO envelopes 352 0 352 400
Fundraising events 0 0 0 179
---------- ---------- ---------- ---------- ----------
352 0 0 352 579
---------- ---------- ---------- ---------- ----------
8.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2025		 Total
2024
£ £ £ £ £
General Assembly Assessments 11,450 0 11,450 13,468
Presbytery fees 437 0 437 467
Ministry and support staff costs 46,801 75 46,876 47,233
Premises Costs 15,431 0 15,431 12,745
Congregational running expenses 3,023 6,274 9,298 12,573
Repairs and Maintenance 7,179 4,167 11,346 17,714
Donations to Missions and charities 0 17,307 17,307 21,274
Governance costs 420 0 420 300
---------- ---------- ---------- ---------- ----------
84,742 27,823 0 112,565 125,774
---------- ---------- ---------- ---------- ----------

Page 5

AGHADOWEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2025

9. OTHER EXPENDITURE

Unrestricted Restricted
Endowmen		 Total Total
Funds Funds t Funds 2025 2024
£ £ £ £ £
Other Expenditure 0 0 0 675
---------- ---------- ---------- ---------- ----------
0 0 0 0 675
---------- ---------- ---------- ---------- ----------

10. FIXED ASSETS

The congregation owns the Church premises situated at 50 Ardreagh Road,Aghadowey Coleraine, the Church Manse and the associated fixtures, fittings, plant and machinery.

These have an insurance value of £ These have an insurance value of £
Church Building 3,273,555
Church Hall 654,712
Youth Hall 1,773,174
Minor Hall 300,075
Church Manse 545,592
6,547,108

11. INVESTMENTS

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

2025 2024
Endowment Funds £ £
General Investment Fund 34,074 35,604
Other investments 56,968 51,640
---------- ----------
91,042 87,244
---------- ----------
Other Investments
General Investment Fund 3,312 3,461
Other investments 40,180 36,422
---------- ----------
43,492 39,883
---------- ----------
Fund Summary of Investments
General Fund 63,118 58,750
Mission Fund 38,870 35,580
Sunday School 14,059 13,481
Outreach 2,645 2,763
Property 12,903 13,482
Minister 2,939 3,071
---------- ----------
134,534 127,127
---------- ----------

Page 6

AGHADOWEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2025

12. FUND BALANCES

Fund Balance at
start		 Receipts Payment Surplus /
(Deficit)		 **Transfer ** Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 45,731 96,269 86,297 9,972 (20,000) 35,703
---------- ---------- ---------- ---------- ---------- ----------
45,731 96,269 86,297 9,972 (20,000) 35,703
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Property / Building Fund 2,486 52,816 37,143 15,673 21,000 39,159
United Appeal 0 7,710 7,710 0 0
General Missions 33,467 2,865 2,267 598 34,065
Outreach 18,308 2,227 79 2,148 20,456
World Development Appeal (101) 1,973 1,973 0 (101)
Belfast City Mission 474 1,927 2,221 (294) 180
Tearfund 0 475 475 0 0
Moderator's Appeal 237 0 0 0 237
Earl Haig 0 140 140 0 0
Presbyterian Children's Society 0 1,024 1,024 0 0
Samaritan's Purse 0 659 659 0 0
Smiles (153) 153 0 153 0
Open Doors (Africa) (153) 153 0 153 0
Ladies Work 500 0 500 (500) 0
Minister 0 75 75 0 0
Sunday School 5,195 1,528 1,271 257 5,452
Cahir & Fermoy 1,500 0 0 0 1,000 2,500
PW 1,878 10,378 3,175 7,203 (2,000) 7,081
Ignite Youth Fellowship 532 0 0 0 532
Youth Club 1,188 300 392 (92) 1,096
Mums and Tots 512 274 288 (14) 498
Boys' Brigade 640 2,894 2,382 512 1,152
---------- ---------- ---------- ---------- ---------- ----------
66,510 87,571 61,774 25,797 20,000 112,307
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 112,241 183,840 148,071 35,769 0 148,010
======= ======= ======= ======= ======= =======

Page 7

Independent examiner’s report to the trustees of Aghadowey 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 7.

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

31 March 2026