an Terrace Row Presbyterian Church (a congregation of the Presbyterian Church in Ireland) Charity Accounts (for the year ended 31 December 2024) Registered with the Charity Commission for Northern Ireland Registration Number NIC105552 an STATEMENT OF FINANCIAL ACTIVITY (for the year ended 31 December 20241 Income and Endowments Irom.. Donations and legacK98 Charitable activities other trading a¢tivilio8 Investments Other 151,750 47,114 5.539 198,864 5.539 25.007 8.069 24.326 209,953 5,414 25.329 6,530 12,783 25,007 5,081 13,887 2.988 10.439 Total 195,725 66,080 261.805 260,009 Expendllure on.. Raising funds Charilabbg a¢tlvllle$ Oihei 650 205.979 1,340 267.347 28.931 1,961 229.107 28,931 61.368 28.931 Total 206,629 90,989 297,618 259.999 Not In¢om•llExpèndilurel -10.W4 -24.909 -35.813 10 Nel gain8111088esl on investfflenl8 3,394 3,394 5,170 Transfers fund8 -2.290 2.2 Galn8lllosse81 on revaluallon of fixed assets Nel movement In fund* -9.800 -22,619 -32.419 5.180 Reconciliation of fund$'. Total funds brought fopwa 283,835 344,293 628,128 622,948 Total funds carrlod foThvard 274 21 274,035 321,674 01 I Pa8e Terrace Row Presbyterlan Church l• ttswr•¢4ti¢n tsf Pr•ib¥tBd•# Churth brt Imlirtdl Presbyter an BALANCE SHEET As at 31 December 2024 Flxed assets: Tan8ible assets Heritage assets Investments 12 135,293 135,293 164,224 13 75.703 75,703 70,555 Total fixed assets 75,703 135,293 210,996 234,779 Current assets Debtors Current Investment5 Cash at bank and in hand 14 6,875 6,875 14,800 15 191.457 186.381 377,838 378,549 Total Current assets 198.332 186.381 384.713 393,349 Llabllltles: Creditors.. Amounts fallin8 due within one year 16 Net current assets or Ilabllltles 198,332 186.381 384.713 393,349 Total assets less current Ilabllltles Creditors.. Amounts falllng due after more than one year 274,035 321,674 595,709 628,128 17 Total net assets or Ilabllltle$ 274 035 321674 595 709 628 128 021 Page Terrace Row Presbyterlan Church (• ¢¢hire¢•iiontyf the PrE5by¢erwh Churth In Ir*￿￿0} an BALANCE SHEET As at 31 December 2022 Funds of the tharlty Endowment funds Restricted fund5 Unrestrkted funds 18 18 18 321,674 321,674 274,035 344,293 283,835 274,035 Total tharfty funds 274.035 321.674 595,709 628.128 Approved by the Klrk Sesslon at a meeting on 11 March 2025 and s*ned on It5 behalf bv 74/7 David Brownlee Clerk of Session Tom Moore Trustee 161 Pa8e Terrace Row Presbyterlan Church 14 conyeiah(¥ivl th2 Piesbytei14n thjnhln liel•ndl an ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS The financlal statements have been prepared in accordance with Accountin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Flnancial Reporting Standard applicable in the UK and Ireland IFRS1021 (effective l January 20151, The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church 8roups that owe thelr affiliation to another body, nor those that are Informal gatherin85 of church members. FUND ACCOUNTING Endowment funds are funds, the capital of whlch must be retained elther permanently or at the con8re8atlon's di5cretion,' the income derived from the endowment Ss to be used either as restrlcted or unrestrlcted Income funds dependln8 upon the purpose for whSch the endowment was established in the first place. Restricted funds comprise lal income from endowments whichls to be expended only on the restrirted purpose5 intended by the donor and Ibl revenue donations or grants for a specific congregational activlty intended by the donor. Unreslrlcted funds are income funds whlch are to be spent on the congrega￿On'$ general purpoms. D•slqniled funds are general lunds s81 asid8 by the congregation for use in th8 fulure. 041 Pa8e Terrace Row Presbyterlan Church l•wnirii•¢bnvlth• Pr•sbyt•rf•h¢h¥F¢h Ih Ir•l*ndl an ACCOUNTING POLICIE51conVd} INCOMING RESOURCES Recoqnltlon of Incomln8 resources These are included in the Statement of Financial Actlvlties ISOFAI when: • the con8re8ation becomes entitled to the resources,. the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliably. (11) Incomln8 resour¢es wlth related expendlture Where incomin8 resources have related expenditure la5 Wlth fundralsin8 income) the Incomlng resources and related expenditure are reported gross In the SOFA. (111) Grants and donatlons Grants and donations are only Included In the SOFA when the congre8atlon has uncondltlonal entltlement to the resources. {Iv) Tax reclalms on donatlons and glfts Incoming resources from tax reclalms are Included Sn the SOFA at the same tlme as the glft to whlch they relate. Iv) Contractual Income and performance related grants Thls is only included in the SOFA once the related good5 or services have been dellvered. lvl) Gffts In klnd Gifts in kind are accounted for at a reasonable estimate of thelr value to the charity or the amount actually realised. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. (vll) Donated servlces and facllltle$ These are only Included In incomln8 resources Iwlth an equivalent amount in resources expended) where the benefit to the charlty is reasonably quantifiable, measurable and materlal. The value placed on these resources is the estimated value to the charity of the service or facility received. Ivlll) Volunteer help Th8 value of any voluntary help re￿IVed is not induded in the accounts but 18 described in tho IruslM$' annual report. 051 Page Terrace Row Presbyterian Church la con8rtyatkJnalth* Prysbytrt￿n Churth In Ir*l•ndl an Investment Income This is included in the accounts when receivable. Investment 8aln$ and losses Thls includes any galn or loss on the sale of investments and any gain or1055 resulting from revalulng investments to market value at the end of the year. EXPENDITURE AND LIABILITIES (111) Llablllty recoznltlon Liabilities are reco8nised Js soon as there is a legal or constructlve obli8ation committln8 the con8re8atlon to pay out resources. Ilv) Governance costs These are shown within charitable actlvlties and include the costs of preparation and examlnètlon of accounts, the costs of trustee meetlngs and cost of any legal advlce to trustees on governance or constitutlonal matters. (v) Grants wfth performance condltlons Where the charity gives a grant wlth condltlons for Its payment belng a speclflc level of senrfice or output to be provided, such 8rants are only reco8nised in the SOFA once the reclplent of the grant has provlded the speclfied servlce or output. Ivl) Grants payable wlthout perfomiance condltlons These are only recogni5ed in the accounts when a commitment hos been made and there are no condltlons to be met relatlng to the grant which remain In the control of the charlty. (vlll Support Costs Support costs include central funrtions and have been allocated to actlvlty cost categorles on a basls conslstent wlth the use of resources, e.g. allocating property costs by floor areas, or per capita, staff cost5 by the time spent and other costs by their usage. 061 Pa8e Terrace Row Presbyteflan Church lacon•rei•tloD ol ¢￿ Pr•sbyttrlan Churth In Irelandl an ASSErs Tanglble Flxed Assets Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and cost at least £2500. They are valued at cost or. if gifted, at the value to the charity on receipt. Depreciation is recorded on all tan8lble fixed assets other than freehold land, at rates calculated to wrlte of the cost, less estimated resldual value, of each asset over Its experted useful Ilfe, on a straight line basis, as follows Buildin8S: Fixtures, fittin85 and equ5pment Motor Vehicles Computers, software and technlcal equlpment - over 50 years - over 10 years - over 4 years - over 4 years -over 50 yea over 4 years {Il> Investments Investments quoted on a recognlsed stock exchange are valued at market value at the year end. Other investment assets are included at trustees, best estlmate of market value. 071 Page Terrace Row Presbirterlan Churth li con4rei•ibn ol the Presbytei14n Chuich ITr Irelindl Presbyter an DONATIONS AND LEGACIES Recorded giving Loose collections Donations and gffts Gift Aid Legacies and bequest 122.429 1.005 36.220 35 1,940 8,919 158.649 1.040 1.940 37,235 169,139 2,140 3,583 34,091 1,000 28,316 151750 198 864 209 953 CHARITABLE AcfiviTIES Income from charitable activities Fees from weddlngs and funerals Membership fees Fundra15in8 events 2,016 3.523 2,016 3.523 1,792 3,622 081 Page Terrace Row Presbyterlan Church 14 ionireiatlDn ol the Presb￿erl4N Church In Irelindl an OTHER TRADING AcfiviTIE5 Property Rental Trading income 24,000 1,007 24,000 1,1)07 24.000 1,329 INVESTMENTS Deposlt interest General Investment Fund Other Investment Income 3,327 1,754 2,432 5,759 1,754 556 5,442 1088 556 091 Pa8e Terrace Row Presbyterlan Church 14 wrrfr•J•t4w of ihtPr•skn•fwn Chur£h In Ir•l•ndl Presbyter an OTHER INCOME Insurance claims Other income Grants 13,887 5.490 4,949 19,377 4,949 6,811 7378 RA151NG FUNDS FWO envelopes Fundralsln8 events 650 650 690 819 1142 690 650 690 10 I Page Terrace Row Presbyterlan Church l•conirei•tlon ol rhe Presbyterl•Tr Chuich In Irelond an CHARITABLE ACtIVlTIES General Assembly A55essments Presbytery fees Ministry and support staff costs Other runnin8 expenses Donations to Missions and charlties Governance costs 17,228 17,228 15.957 1,113 1,113 1090 125,184 125,184 106,654 58,974 29,602 88,576 68,815 2,550 31,766 34,316 35,721 930 930 870 205 979 267 347 229 107 OTHER EXPENDITURE Depreciatlon Investment properties expenses 28.931 28.931 28,931 11 I Page Terrace Row PresbyterlaTh Church (• t9n8rE¢lt￿rt ￿ the Presbyterl*h Church Ih Irel•ndl Presbyter an io. EMPLOYEES Employment Costs Wa8es and Salarles Social Security Costs Pension contributions 106,906 6,356 11,922 89.371 6.063 11.220 125 184 Number ol Employees The average number of employees, includlng the Minister of the congregation. durln8 the year was: Avera8e number of employees There were no employees In recelpt of employee beneflts in excess of £60,000. 121 Page Terrace Row Presbyterlan Church l•