an HIGH KIRK 8ALLYMENA CONGREGATION OF THE PRESBYtERIAN CHURCH IN IREiAND STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31 DECEMBER 2024 Note Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Income and Endowments from: Donations and legacie5 Chafltable 3Ctivifies Other tradin8 activities Investments Other income Total 575.215 6.768 247.161 63.665 822,376 70.433 734,14S 70,519 4,038 512 4,550 2.875 600 808,139 S86.021 311.338 897,359 Expenditure on- Raising funds Charitable activities Other expeftditure Total 11,7951 1530,4751 11,7951 11.004,3171 11,7951 1880,5531 1473.8421 1532.2701 53.751 62.229 18,4781 1473,8421 1162,S041 62,229 1100.2751 11.006,1121 1108.7531 1882.3481 174,2091 Net Income/lexpenditurel Transfers between funds Net movement In funds 1108,7531 174,2091 Reconclllotlon of funds.. Total funds brought forward Total funds carried fotward 18 18 193.936 185,458 2,014.114 1.913.839 2.208,050 2.099,297 2.282.259 2,208,050 io
an HIGH KIRK BALLYMENA CONGREGATION OF THE PREsERlAN CHURCH IN IRELAND BALANCE SHEET ASAT31 DECEMBER 2024 Note Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Fixed assets.. Tangible assets Investments Total fixed assets 12 13 S8.860 21,312 80.172 1,772.913 4,116 1.777.029 1.831.773 25,428 1,857,201 1,849,348 24.458 1,873,806 Current assets: Debtor5 Cash at bank and in hancl Total current assets 14 15 42.879 71.976 114.855 16.963 152.125 169.088 59,842 224.101 283.943 138,519 204.084 342,603 Cfeditors.. amounts fallin8 due within one year 16 19.5691 132.2781 141,8471 18,3591 Net current assets 105.286 136,810 242,096 334.244 Total assets less current liabllities 185.458 1,913.839 2,099,297 2,208,050 Creditor5.' amounts fallin8 due after one year 17 Total net assets 185,458 I.91339 2.099.297 2.208,050 Funds of the charity Restflcted funds Unrestricted fund5 Total charity funds 18 18 1,913.839 1,913.839 185,458 2.099,297 2,014,114 193,936 2,208,050 185,458 185,458 1.913.839 Approved by of the Kirk Session at a meeting on 17 April 2025 and signed on its behalf by.. Rev NA Cameron Mr G McQuoid Trustee Trustee li
an HIGH KIRK BALLYMENA CONGREGATION OF ThE PRESBYtERIAN CHURCH IN IRELAND STATEMENT OF CASH FLOVIS FOR THE YEAR ENDED 31 DECEM8ER 2024 Note 2024 2023 Net Income/lExpenditurel Adjustments to reconcile net income/(expenditureJ to net coshJ7owsfrom operating activities Depreciation of tangible fixed assets Net finance costs Ilncreaselldecfease in investments Ilncreaselldecrease in debtors ncreaselldecreasel in creditors Net cash inflow from operating activities 1108,7531 174,2091 12 158.046 14.5501 19701 78.677 33.488 15S,938 153,761 13971 12,4771 13.4301 113,6021 59,646 Investin8 artivities Interest received Paymenrs to acquire tangible fixed assets Net cash inflow from investing activities 4,S50 1140,4711 1135,9211 397 124,1891 123,7921 12 Financing actlvltles Interest paid New long-term loans Repayment of lon8-term loans Net cash inflow/loutflowl from finanang actlvities Net increaselldecreasel in cash and cash equlvalents Cash and cash equivalents al l JanLJary Cash and cash equivalents at 31 Oecember 20,017 204,084 224.101 35,854 168.230 204,084 Is 12
an HIGH KIRK BALLYMENA CONGREGATION OF THE PRES8YfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 Accountin8 pollcies BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with applicable accounting standards. While compliance with Statement of Recommended Practice Accounting and Reporting by Charities IFRS1021 is not mandatory account of the gul(lance contoined therein has been taken in the preparation of these accounts. The financial statements have been Prepared under the historical c05t tonvention except for investment assets, which afe 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 account5 of Church groups that owe their affiliation to another body, nor those that are informal gatherings of church members. FUND ACCOUNTING Endowment funds are funds. the capital of which must be ta1fted either permanently or at the congregation's dlscretlon,. the Income derived from the endowment is to be used either as iestricted or unrestricted Income funds depending upot) the purpose for whlch the endowment was established in the first place. Restricted funds comprise lal income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donations of 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 basls. Unrestricted fund5 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. INCOMING RESOURCES Recognltlon of Incomlng resource5 These are included in the Statement of Flnancial Activities ISOFAI when: The congregation becomes entltled to the resDurtes; The trustees are virtually certain they will receive the resources. an(1 The monetary value can be measured with sufficient reliably. Incomlng re50ur¢es with related expendlture Where Incoming rèsources have related expenditure las with fundraising income} the incomlng resource5 and related expendlture are reported 8ross in the SOFA. Grants and donatlons Grants and donations are only Included in the SOFA when the congregatlon has unconditional entitlement to the resources. Tax reclalms on donations and gifts Incorning resources from tax reclaims are included in the SOFA at the rne time as the gift to which they relate. Contractual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. Glfts in kind Glfts in kind are accounted for at 8 reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming fesources when receivable. 13
an HIGH KIRK BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Iconvdl 31 December 2024 Donated serdices and faclllties These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable. and material. The value placed on these resources is the estimated value to the charity of the service or facility received. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees. annual report. Investment Income This is included in the accounts when recewable. Investment galns and105ses This includes any 8aln of loss on the sale of investments and any gain or105s resulting from revaluing investments to market value at the end of the year. EXPENOITURE AND LIABILITIES Liablllty reco8nStlon Liabilitles are recognised as soon as there is a legal or constructive obllgation committing the congregation to pay out resources. Governance costs These include costs of the preparation and examination of statutory accounts. the cost5 of trustee meetin85 and cost of any legal advice to trustees on governance or constitutional matters. Grants wlth performance conditSons Where the charity gives 3 grant wlth conditions for its payment belng 3 specific level of service or output to be provlded, such gr3nts are only recognised in the SOFA once the recipient of the grant has provided the specified seNlce or output. Grant5 payable wlthout performance condltion5 These are only recogni5ed in the accounts when a commitment has been made and there a no conditions to be met relating to the grant which remain in the control of the charity. Support C05t5 Support costs include central functions and have been allocated to activity Cost categories on a basis conslstent with the use of resources, e.g., allotating property cots by floor areas, or per capita, staff costs by the time spent and other costs by thelr Usage. ASSETS Tanglble Fixed Assets Tangible fixed assets for use by charity. These are capitalised if they can be used fof more than one year, and cost at least £2,500. They are valued at tost or, if gifted, at the value to the charity on receipt. Depreciation is recorded on all tangible fixed assets othef than freehold land. at rates calculated to write off the cost less estimated residual value. of each asset over its experted useful life as follows Buildings -over 50 years Fixtures, fittings, and equipment -over 10 years 14
an HIGH KIRK BALLYMENA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVdl 31 December 2024 Investments Investments are quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees, best estimate of market value. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequest 452,264 4.936 202,758 918 655,022 5,854 602,459 4.876 750 126,060 88.015 30.000 575.215 43,485 131,500 30,000 822.376 247.161 734.145 CHARITABLE ACTIVITIES Unrestritted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Income from charltable activlties Grants 6.768 63.665 70,433 70,519 6,768 63,665 70.433 70,519 OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Fundralsin8 events Letting of premises Tradin8 income INVESTMENTS Unrestritted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Deposit interest General investment funds Gain on revaluation 3.076 962 3,084 1,466 504 397 2,478 2,875 4.038 512 4,550 15
an HIGH KIRK BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IREtAND NOTES TO THE ACCOUNTS Iconvdl 31 December2024 OTHER INCOME Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Other Income 600 600 RAISING FUNDS Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 FWO envelopes Fundraising events 1.795 1.795 1,795 1,795 1,795 1,795 CHARITABLE ACTIVITES Unrestrirted Funds Restritted Funds Total Funds 2024 Total Fund5 2023 General Assembly Assessments Presbytery fees Ministry and support Staff costs Congregational running expenses Donations to Missions & charltles Governance costs 28,261 1,982 345.066 149.735 950 4,481 530.475 28,261 1,982 391,860 444,545 133,188 4,481 1,004,317 20.049 1,663 344,542 388,405 121,790 4,104 880,553 46.794 294.810 132.238 473,842 OTHER EXPENDITURE Unrestritted Funds Restritted Funds Total Funds 2024 Total Funds 2023 Loan interest 16
an HIGH KIRK BALLYMENA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {conVdl 31 December 2024 10. EMPLOYEES Employment Costs 2024 2023 Wages and Salaries Social Security Costs Pension contributions 274.324 16,023 5,408 295.755 238,550 11,452 4,530 254,532 Number ofemployees The average number of employees durin8 the year were- 2024 No 16 2023 No 17 Average number of employees There were no employees In receipt of employee benefits in excess of £60.OCh). The minister of the tongregation is employed by the Presbyterian Church in Ireland which is a separate charlty which has not been reflected in the employee costs above. The congregation pays an assessment to the Presbyterian Church in Ireland for the mlnlster. The followin8 payments were made during the year: 2024 2023 Wages and Salaries Social Security Costs Pension contributions 52,271 6,929 12,545 71,745 49,782 6,608 11.948 68.338 11. PENSION COSTS The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme120091. Thls Is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congreEation pays an assessment to the Presbyterlan Church in Ireland equivalent to the employerfs pension contribution for the Scheme and based on the stipend paid to the minister. The Pfesbyterian Church in Ireland Pension Scheme120091 is a funded Scheme of the defined benefit type, providing defined benefits based on career averaged revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficientEy funded to meet current and future obligations. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contTibutlons of 24% of pensionable salaries to cover the accrual of benefits for future service. expenses, the cost of insuring death in service benefits and funding the scheme deficit. The contributions made by the congregation during the year were 2024 2023 Contributions 12,545 11,948 17
an HIGH KIRK BALLYMENA CONGREGATION OF THE PRESBERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'dl 31 December 2024 The congregation operate5 a deflned pension contribution policy for its employees. The scheme and its assets are held by an independent scheme manager. The pension chorge represents the contributions due from the congregation during the year. 2024 2023 Contributions 5.408 4,530 12. TANGIBLE FIXED ASSETS Church & halls Manse Fixtures, fittings & equipment Total COST OR VALUATION At I january 2024 Additions Disposals At 31 December 2024 6.738,674 122.040 468.659 96,041 18,431 7,303,374 140,471 6,860.714 468,659 114,472 7,443.845 DEPRECIATION At l January 2024 Charge for the year Ellminated on disposal At 31 December 2024 5.259,927 137.216 149,943 9,374 44,156 11.456 5.454,026 158,046 5.397.143 159.317 55,612 5.612.072 NET BOOK VALUE At 31 December 2024 At 31 December 2023 1,463,571 1,478.747 309.342 318,716 58,860 51.885 1,831.773 1,849,348 13. INVESTMENTS 2024 2023 Bequests PCI General Investment 4.116 21.312 25,428 4,108 20,350 24.45B 14. DEBTORS 2024 2023 Gift aid recoverable Prepayments 51.333 8,509 59,842 126,060 12,459 138.519 15. CASH AT BANKAND IN HAND 2024 2023 Danske Charity Account 224,101 224.101 204,084 204,084 18
Presbyter an HIGH KIRK BALLYMENA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'dl 31 December 2024 16. CREDITORS.. amounts falling due wlthin one year 2024 2023 Creditors PAYE liability Accruols 32.439 4,840 4,568 41,847 4,404 3.955 8,359 17. CREDITORS: amounts falling due after one year 2014 2023 Inteiest free loans from members 18. FUND BALANCES Unrestricted Funds 2024 2023 General fund 185,458 185,458 193,936 193.936 Restrlcted Fund5 2024 2023 Property Fund One Misslon One Mission Local United Appeal Bequests Benevolent Fund pw Youth & Children'5 Fund Pre-school Students Bursary Moderators Appeal World Development Appeal Orphan & Children's Soclety 1,834,507 44,001 1,904,661 60.480 19.556 4,116 200 391 18,668 4,108 988 8.504 15,931 2,839 21 4,993 1,425 2,014,114 21 644 1,899 1,913,839 19
an HIGH KIRK BALLYMENA CONGREGATION OF THE PRESBERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNT5 Iconvdl 31 December 2024 Reconciliation ol movement of funds Opening balance Income Expenditure Transfers Closing bèlartce Unrestricted Funds General fund 193,936 193,936 586,021 586,021 1532,2701 {532,2701 162,2291 162,2291 185,458 185,458 Restricted Fund5 Property Fund One Mission One Mission Local United Appeal Bequests 8enevolent Fund pw Youth & Children's Fund Pre-school Students Bursary Moderatorfs Appeal World Development Appeal Children's Society 1,904,661 60,480 58.605 127.916 17,533 31,972 1146,5901 1129,9461 111.2631 131,0841 17,831 114,4491 16,2701 1,834,507 44,001 18.668 4.108 19,556 4,116 200 391 450 1,053 26,112 45.207 11.2501 12,1501 187,8641 154,4991 12,8391 1,000 500 61,752 1.865 988 15.931 2.839 21 4.993 1.425 2,014,114 8,504 21 644 1,899 1,913,839 14,9331 11.4241 1473.8421 1.898 311.338 62,229 Total 2,208,050 897,359 11,006,112) 2,099,297 18. Related Party Transactions Rev Norman Cameron is a Trustee and received renumeration of E52.27112023.' E49.7821 and pension contributions of £12,54512023: £11,948) through PCI with £7,03612023: £6.7011 expenses being paid by the church. Mr Clifford White Is a Trustee and has been employed by the church for the full year receiving remuneration of £29,269 12023: £26,721) and pension contributions of £69112023: £6411. Dr Phillp Mccartneyand Mr Gordon Montgomeryare Trustees and are also dlrectors of MCC Computers Ltd. MCC Computers Ltd was paid £6,81612023'. E7,6031 in respect of services provided during the year. 20