Qharlty R¢gi$lrntipn N¢. NIC105565
DRUlbqREAGH PRESBYTERIAN CHURCH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

DRUMREAGH PRESBYTERIAN CHURCH
CONTENTS
Page
Ch*iiiiy InforTnalion
SIBlemenl ol TfusleÈs regpt>nslbililiF&
Indeptsndpn1 examino¢'s report
Slalemenl ol Iinancial BclivlllF&
Balance str*el
Notes lo IhG. fiE)anrlal 4lat8mL'nls
7.14

DRUMREAGH PRESBYTERIAN CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
TN4stègs
Rev. Ri¢h8id Murray
Ivlr J W8iker
Mr Fuli¢n
IT J Chr'stie
Klt C Novin
Nli C T Scoti
Mr T J Cr&ig
MrRJH&nry
IAr R Èakin
l.lr D Kfjctsrid
Jtarri&s Gault
Mr Wllli8m Scoll
Ch47rity number
NIC10556S
P￿nCIpal address
104 Bann Road
Ballymonsb
Cu. Anlrin
BT53 7NA
Indepgndent ex8rnln?r
D¥ R I Petars &llagThei. OBE, FCA
30.32 Lodg8 RoBd
ColeThqlnÈ
Co. Londondefry
BT52 1Na
Bahkers
D@nskB Bank
6 Higli Slreel
Baltymoney
Co. Antrim
B T53 6AD
SDli¢itorg
ThortEcl5 TaggBrt & SDns Lld
2? ChurGh Slrepl
Ballytt&Jrl￿l
c￿JnIYAnl￿M
BT43 6FfjS

DRUMREAGH PRESBYTERIAN CHURCH
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 3t DECEMBER 2024
Yhe Chui¢h Se551r)n is ie&pM4ibl8 loi prepailTr3 ihe Tw&lp.e5' RetKJri ano Ihe FIr)a￿l￿1 Slblemenls Iii
.￿lin applitable13w apAJ Ip.gulalioD*.
Th* law ¢rypplicablL If> c.Trailllei in It*(p Narlhorn IrelaTrd ¥p.quireS Ilie Chutch Se551r)n lo preparo firranLÈ49141algniont4
for e.ach finantrial YLI
i. Undvr Ihpl law Ihp. Church SEs$ion has prtphred Ilitr finBnElal olalemui)Lv In <iGG￿rrIa￿ce wilh
Gonoi8111 Actepl*>d A£coiJntiny PracliLO In Ihu United Kifigiwfft {acrcunllng &lBndiE l(i5 hy Ihv Flnancal
R￿p￿[Sn9 Cotsncll in IhL UK, includip.g GhFJriliei> SORP Ir,RS 1021 'AccDunlffing Bnij Repoilln9 by GliyijIjp6'.
sl8lpm6.ni of R#Lomrn*Fid¢d Pr<irliCP aFipIic4hlè io chAri4ieS Prepèrlng thFJir ècrwnts In RccNdanc.e willi Ihg
Finonrl81 Reportinu Slandaid ¢ippIic<)L¢le in Ihu UK and Republic of Irtldnd IFRS 102), iiiTril promuiua1ed by Ihe.
Insl4lule of Cl)arter?d AccfrurÉianls Ihi Uniied Kinadom 4pd Uniled KirkJrJfjm La'N} Llnd&r ￿7(91 IAIV Ilic fhurrh
Session musl nol approv& the fiDantil814latDnien.'s ur)les3 they are 531islied Ihal Iliey givo a Irv& an￿ falr vi¢3th1 of the
Blate ol IhB affalrq DI Ilie chBtily and of Ikie statvimenl Df linanrial a¢llviiie5 01 Ihe Ghaiily for Ihèt perifrj.
In preparirtu tnp fin3nclol 818ltnienls Ihts TriJstBL*s Ore rèoulrp.d to..
Eelucl siJilBblL arr￿UnI1[}￿ FoliGILS Bnd 11)en 4pply IhÉ*m consi47enlly
Inake judgemen15 estimates Ihal are re3bOn?ble prudgr)I
IAlo whelhèr tho fin8nLI?l %tal&i)Ipn15 prepafed in accctrdancQ Ivlth applkrAblu hr.pnunlliio
standards idénllfy thè s18ndald￿ in quo
tIL)n, subject lo ony maIL•f￿1 depdllllTFJS tL"Inq dicclA)%od Rnd
exyalned in lh¢ finAnElai slal6n)enls; aiio
piepBf8 Iho finanGi?I sial&mori13 on Ilie guing Cfjncèrr) L)Èsis unle4£ il is In8ppfoFxi81&. ID priisiim& Ih?i ihe
Funds will ctsnlinu8 in operaltin,
Tho C.hiJrch Se¥.qion Is ￿sPOIl>1)le ftji Kfiepinu a¢¢ouThllnq rei4Jrds 1hBt are .sulftrionl lty 5hxJw vxplein Iho.
PariEh's 1ransaclions Fjnd dlsclotsD ihtilh reJsL)nable. ac¢vfBCy al Any liftie the fingncial po&lllcfj tsf Ihe PÈrlsli an
nable thL)ft) enSLlte IhBI Iho finantsrll slalenipnls comply yiith Ihe Ctiaillies Act INorlkioro Irpl3¥idl ?,OOB, Ihp
Chailty (AcrcLJni8 and Re.p(IAs'j Rpguldllons (Noith9.m l¢tslaTrdl 2015 And tlie provisisn of Ihe GonqliluiiOTr rjl IhE
45 01 Ihe Chu¥rh and hBD¢e for
PrE5byle.rlan CIIvfuh in Irtsland. ThG'y also rÈSFYJnsible lui $afeguaidln9 Ihg &SSP.'
laklng rBdsonFJblB slop*.oi il)e. pigvunllon ond dfrtvcllL￿ ol fraud a￿1 other Irfogularlllos.
SIBlgMen¢ as to dlg¢10surt to oui expminers
In so f?r a5 Ihe Truhlèos are aivare. Bl 1110 Ilminu of 7pprDvir)g r*Jr TruslP•S' arinual report:
thÉtro Is no rtslov8nl audll InfoTmilllon ol vi?Ilch the vho¥llablg bonip8ny's.gudltar il> LJna%var#.' i1￿¢)
Iho TruxluLis hAV¥ all ¢plep£ Llial Ihey OLlght lo E)Dve. lakon IL) m<]kc Ih¢rn5G.Ive4 Bvft&lP of ahy l@Ipvaril
tp indep¢￿nd￿nI BXcimin8r Ib awBre ol that infoirria1inn.
inEatmalion lo eslabli4¥h thYAI Ilit ChuFcII'.
Ihd¢pendgnt Examlner5
OT R I PDlerg Gtilla9her, DI, Ilrore {N'l) LLP. l)as indic<iied hèr villiiDqne¥s lo cDnllriue i n E4nd a IC.￿1(Ji￿r￿
cohcerning llei reBPPtr.'nlmehl ii'lll pro￿￿Ed al the Ttuslee4 mLLiling on Jolh Ivlay 2025.

DRUMREAGH PRESBYTERIAN CHURCH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DRUMREAGH PRESBYTERIAN CHIIRCH
l iEport on Ihé firco￿ntS oflho Chure.h lor Ihe yeof ÈrEd@d 31 D?cembor 2024, whrch are sot our on pag¢5 4 10 14.
Rèspeetlvè responslbilitie$ of Trusleos and examiner
Ihe charily'E tnJ&tbes yQLt ar¥ r88ponslblè for the prepa[ab-on of the attounl. In accordince ￿ Ihé Ch8rlll8S
Ar.1 (Norlhern lièjand) 2008,
11 is my r&spf)nsibility lo=
examintr the ectOtsr)t5 un<Jei ￿Cl10n 65 of tho Ch<inlFes Acl
Ill) follo4v Ihé prc¢edure5 lald drjwn rn Ihe yènAral (fticffjlions glvcn by the Charity Commis51on lor Nonhijm
Ireland under $oc£ion 65(9l<b) of Ihe Chari4lQ5 Aei
rii} ro slcllÈb whethei particular rnalters havts ¢ome lo rriy allenilon.
8a$is of IndepEndenl èxamlner's rèport
I hayL¥ exrJMln￿d wjiii tharity Bccount% ay rp.quiiod undf*r *odion 6£ of th￿ Charilles Acl And my examlnallon WB$
carrieo otsl in 8ccord£if¥c8 wilb 1118 genofal DttPC4ions g*Vèn by tho Charity Cotnnilssion for Nt>rtheTn Irtsland under
s&cllon 85(9)Ib) of lh& Charilie5 Art. Tlio ex8mlnalii3n included <1 i&v£*w ol th8 8cfotsnting kept by the
charjly rl LQmP8flson of the ?¢¢ounts pre&oJilBd wilh iJ)rxso rettords. 11 Included f<Jt)$ideralion vl Eny
[Jnusual ilamq o( distrlo£urÈs In Ilèa ac￿￿nIS. cind EQekl￿ ¥xpl8nallon$ from you as charlly Irustees Cuncetnin9
any such mallL'Is.
My fDle is lo slalè whelhpi arly mJterl81 mallgrs hB%'e come lo oyr attenlion givlng us cause io believe,.
I, Thal ac¢ountln9 records Iyefe nol k#pl in acC￿dantè Wilh séction 63 of IhB ChBfilles Act
Z. Thai Ihe attsun15 d9 nol accord iviih thosè awunting records
3. That IhL a¢￿unIS dfr nol ctKnply Wiv) IIIF 4ceotsnllng requirements of the Charibas Acl
4. That thèrè is furthor Inforn2lion n(7eded for a Propèr undè.r¢L7rling of Ibe a¢couni& to be roached.
Indepondorrt examlnèr'5 Statement
Scnce yTrur Charily's 9ross Ir￿￿￿ e%¢eedc<l £250,000 yrpJr ox8miner musl be a member ol B lj8ied b(ydy. I c8n
Iiift) Ih81 l Am qtsalifiètf to undertake ihe ex8mln&llon beca[Jo￿e l am regislpred as k mem￿1 Df Charteie.d
AGcDunt2nls Irelafirl vA)i¢h ts ono tr Ihe I￿ted ￿￿1￿5.
I ha¥c ¢Dmpleled my oxaminalion and hatre no COn￿r￿S in respect of Iho mallers1111o141 lixlod 8bovc and. in
coi)neclion wilPI folloviing the Dhie¢li￿5 of Ihe C'hailly CoTnmisslon for Northpm Irelanrl. I havè fourid nD mattels
Ih&l requlro dramng ID you¥ allgntion,
Di It I Pgler& Gall8ghÈf, OBE, FCA
Char1orèd Accounthnl
30-32 LoU9e kuad
Col8r&ine
Co. Londonderry
BTS2 1N8
DalÉ)tF: 24 Septembor 2025

ORVMREAGH PRESBYTERIAN CHURCH
STAieMENT OF FINANCIAL ACTIVITIES
INCLUDINQ INCOMEAND EXPENDITURE ACCOUNT
FQP THÉ YEAR ENDED 31 DECEMBER 2024
T¢i41 Llnr*61ilcitd Rtystriclvd Ros41ici¢
Tothl
liinLI
do%ryna4ts¢J
2024
2DZ3
20t4
2124
?4
7023
202Y
Irorn".
115,521
i& J &39
Di)ngOnn5 l&]w.i
Bcts¥iliLI8
180,867
7(Y
Ico
17T
21Q
1.tL32
Ij)**51￿_r
Or5511vr* iTre¥byloilar4CliurL* hJvd5 Imnhlvrpd
I)IP￿T ii)))
I￿,6?5
YJJ
198.61
,012
39,064
3TV47J
rAI,671
Tot•1 l*w.omE
116.DB6
Iq4S.61a
350,1fy4
165.404
3w.£T3
148.$U2
179,036
6,2T3
1,lQO
17V,O)6
32J,J2B
I,wo
1Sfi,T72
241.701
3T.194
21,77fj
13.IlJ7 J
I InroniES'1g¥pllffldl1￿1¥
1.103
13q).?9)1
J19.2 Jr
5yrJ (151
?Jl.6fpl
)6.091
71.T76
:IS2.$171
14tt movomonl ID fvn¢J5
¥JY.006
g.ootl 2.164,014 2.950.070
4'.54.353
S0,CW 2,2E3.lJts￿ 2.71? a16
L,9gJ,DZD
Fuild baL7r￿￿$ nl JI 2024
I23,￿1
.OUO 2,84D.6I9 2,171,790

DRUMREAGH PRESBYTERIAN CHURCH
STATEMENT OF FIMAIICIAL ACTMTIE8 ICOt4TIHUED
INCLUDINS INCOME AND EXPENDITURe ACCOU14T
POR TN2 YEAR ENDED 31 DE¢ÈMBER 2￿21

DRUMREAGH PRESBYTERIAN CHURCH
BALANCE SHEEr
ASAT31 DECEAIBER 2024
2024
2023
Flxod •*••
Twlbh s4s8ts
12
1693,39S
2.800.198
Curt•nt •B••ts
1J
32,941)
249,535
43.KJ3
101.405
C•sh al ban% 4nd h•1
282N75
163,301
Credllorg: im•wilB filllng duo wlthkn
omyéwr
14
(3.48B)
{4,074)
278NOI
149,lJ
N*t ¢uTh8nt *•Aots
Tol•1 curr•ntlkabllltl•J
2,971,796
2,950,02Q
Th• l￿d￿ of thtt Chuf¢h
Re$￿tted Incomè ￿Thd$. genèral
Rè8trlckd funda- do$￿￿3(8d
Unfo￿rI¢￿d lund$
15
2040,199
2,8FA,014
67,Doè
1zJ,097
Z,è71,796
2,95D.020
Dfomorè PtOSWleT&* Church lia$ mBrg¢d Ylth DrumieBuh F¥#$byt￿laTh Churth and was dBsolve4 913.1110122. On
7111r22 £122,726.72 w95 tlan$feff8d Its Lknruillh PrFsbylerlpn ChuKh- E25,6V1 oflhlB 1$ ￿￿¢&111r￿￿d lundg.
L10.ODO1g lo bts by DwmTeBgh lor Ihe upkeep Df Moody Grav*. Tha reffjalnderwas ir¥n•lwffil to Drumigagh
Bulldlng Fuhd.
The b*n¢è of £ia.099.071rt ProoressiV¢ B&￿1￿9 SoEioty f¢6Th pr￿ore Ple8by1trt￿ Churth w4& transhfrad
*ng ￿1h Inl8resl recelv8d of £124,29 to Drutwe3gh *e3bytwian ¢hurrh Bulldlng Fund In ye# ended 311121
23. Th• ¢hurvh Assetf indKyJiTrg thv Ghurth, h*ll ard latsJi%wè h•lO by Pre&tyt¢ilon Chvrch. Ythen Iho$o
were gDld, of £13D,000 Iv Druwh Pr8$byl¢don Ch4K¢h In yèÈt thido¢ 3111212).
Th fina￿j81 blitWMen15 w*ra aPF¢wed by th¢ Trustee$ on ...... .
Rov. RlctsTd Murr?w
MIRJHehry

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounllng policles
¢harlty lTrforthatlDn
Drumrèagh Piesbyiprian Church ts 8 IlninGorpiJralod entity 9tsv¥rned hy & Constilullor).
1.1 Accountltsg convbntlon
Theso aGcounls Iiaye been piepare(J In accDrdanc& viith FRS 102 'Thts Finanoal Reponsng SlBndarrl
applits)l￿e In thè UK pnd R¥publlc ol IrelBntt I"FRS I(J?'l. -AccDynllf)u and ReportiTrg by Ch?riUes" Iho
Siai2fflenl ol Re￿￿￿onded PrèLlice foi ¢hd¥ities Bpptying FRS 102. ihe Ch#iities Aci (Northem Ir&land)
20f)6 arid UK Gen¥f<illy Ar￿pied Accounting Praciitu as it 8PPliÈs fr￿M 1 Janupry 2015. The Churth Is
Public Bpnelil Enlily ps dofined by FRS f D2,
Tfrb financial sialemenls hav8 departed from Ihe Charili&.4 (Acctsun13 and RBpor&l Rogulglic>ns 2Crf)8 only lo
Ihe eitenl roquired lo 8 truè Bnd falr VIÈW. Th1* duparture has invo4ied lolloviin.q tlio Stslem¢nt of
Re¢.Dmrritsnded Pf£*clico for charÈbEs B1>pl￿n￿ FRS 102 14iher Ilian kh& ve15ion of Ilie SipltrmBnl of
Recommended PraclittÈ vihlctri is rpfpriedlo in ihe Re9ulatlDnS bijl wtiich has slr4lE t+.en wilhdrawn.
The flnanezal s1atem&nls are pr&pÉir6d In s16rlÈng, v4hl¢h Is functlonal CUiTency of Ihe ehurch. è4or)Blary
2n)otsnt5 in Iheso financipl slal&menL4 8re frunded to IN¢ na8Jesl t.
The flftynrial &tEJten)Bnb have buen prepafed under the Iii¥lori￿l cosl crJnvefttttiiF, lrnodln¢d lo includ4J Ih
ruvaluplion of lsuehold prowrti05 8nd ID Indude Invesltheni properties Bnd certalh financlal instrumertls 81 fail
valuel- Thtr princip?1 act4)unilng tx)IIooki advpled ai& Set Dul below.
1.2 Golng con¢em
At Ihe VML of pppfeving ihd finnriclal sllltèmènrs, Ihe Trustèes ￿)ve a reasonab￿ expectatlon that Ihe Church
has atlBquate iesourtss ID conllnug in operabonal exlstence for the fwestsBable Ivlurts. Thtjs Iht Truslees
Dnllnue to adèpt ehe goln9 Cvncprn basss ol accouTrling In prepErin91￿￿ fJrtancLpI slalemBnls,
1.3 ChpTitablo funds
Unrestilcted lunds are 8vail<ible for use at the discreb'on ol thp TfusIuÉ15 in fvrtherants of Ihelr chBritable
objecllves.
Resirkied funds are sublecl lo $pecifiC ¢ondllion5 by donors or grathior5 88 lo hu4V Ihey may bts used. The
PUIPO&QS 8nd Uoes ol IFbp r?slilclod fund5 are oet oul In Ihe r¢oles tts ihe fin8nclal slalèmenls.
EndoWn￿￿[ fur?ds are sublecl ID specifi¢ ¢01)di￿n5 by donoib IhBI (apiial mu81 b& mdinlalned by Ih
Church.
1.4 ID¢om
Income Ik reco9nlsed when the Church 1$ legally onliUBd to 11 after performantè tondilions h8ve tseen
met, tho amounls can be meBsured rellably, and it Is pcobablo Ihat tncom8 ￿￿11 be recelved.
Cash donalÉons are rÈcogniSgd on re¢wpi. Othèr donatlons arv Tecogni¥ed f)nc¢) Ihe Church hai¥ been nDllfi6d
of Iho dDnat&on, tsnles" pBrfoTrn4rbce Coridilions fequrfo dèferiBI of tho amount. Iocc)mÈ idx reooverable in
rÉ)latiDn lo donal￿1)￿ fecejved undèr tsiFI Aid or fJéed5 of ClFvenanl 1$ igcogniped al thé Itrno of Ilie donation.
Lcgttrles RTE iecouni5ed on recelpi ot olherviise If IhB Church hos bèen notified ol an impenling distributicTrn,
the sjmounl 55 known. and receipt is exw¢iBd. If Ihe amour)l is nol knvttn. the leg?Cy IS IteètEd a$ a
onllngonl asset.
I.S Exppnditure
The$È a￿aunt$ for ilio year ended 31 D￿ember 2￿24 for Drumrea9h Pr&5byterlafj Church are preparèd in
a¢rrjrdan￿ i¥llh FRS 102, The Flnancral Repfrrting SIFnderd applicable in Ihe UK ènd Republic of If8land.

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
IC¢ntinuedl
Acc¢untln9 policie$
1.6 Tanglblo Ilxed assels
Tan9iblè Iixed Bssols afE iniii311y mepsu(od at And subsoquently mc8suied at cost or valualirjn. ni'l tsf
d6preci8tion and any Impaiifftenl iosseg.
Oepieclation Is roC(￿nI4￿d sts as ID YIIIIFJ Dll Ihe CDs1 w valuallfyn DI a+Nels loss iheir fe$ldual valijes t>ver their
tispful Ilves on the lollD'h'lng bases:
FteehcThd16nd ar)d buildin94
Fixlurc5 and t41tlThJs
The g£iln or1055 aii4ing on the dlstKJS#1 (Jf An a&S'el 15 dolermin6.d 8_4 thu dlff8renLP befvJeoTh IhB bale. TrTDfL*e(IA
n<J carrying va4ue ol Ihe Bssvl. and is ieGognlse<J in the $lpAtemefjl ol iirtanc"i81 dtl1yit￿5.
2% reduc5ng balance
4% - 2015 r@duclng balance
1.7 ImpAirmèfit of fixèd gss8ls
Al eFJ¢h fQPOfting end dale, Ihv Churth rev1￿$ 1hp. cairying 8ffiovn15 of Ils tanglble Bssets lo de.lermino.
whtlhèr Ihere Is ariy indicallon thril Ihosu havE Sullèrpd an Impairmonl IDSS. 11 ayy sur_h imdicaliDn
È¥iELs', thè recoverablij amaui)t ol Ihu asqèl is estimaittd In order lo dole.rminé Ihe exlenl of Ill￿ impairrnenl
loss (if any).
1.8 Cash and cash ¢quivalèn
Cash gnd ca¥h £4iltV8len15 includc C8sh In h8rd. deprysl
45 held al Ci?11 wilh banks, olhp.T sknn-1prm liqljld
invesiments wilh origlnal rn8iuI115p5 of Ihieè mon1h5 or less. and bÈNk overdialls. Bank ove¥dralls ar& slioilm
wi1hin borroyiinys in curroni lialjllities.
1,9 Flnanclal in¥trumgnt$
Ihe Church bAg eloclp.rl lo apply Iho provlslon& ol Seclityn 11 '8Bslc Flnxncial Inslruttion1s' onrl Sectiori 12
'Olhci FlnBrtGial In51Tumenl$ lssue$' ol fRS 102 to BLE ol 118 financl81 in&lrumenl&.
rinAnGial Iti4trumenl8 Bru iecognlsed in tlio Chufth's balar)¢e sheol iyhen Ihe Church ¢ecomes pariy ¢Tr Ihe
conliBclual provisions Df Iht Inslrumont.
Flnanclal 83s81& and liabilltyp.s èlo DffE81. Iviih Iho ng.1 ahioijnls pfcsenled In IhB Ilrtanr.￿1 slalP.menls, vthe
IhG'fe in s113gglly enforcp.Able right lo sel OH iho rpcDJn'-
erl rimwn15 aFKI ther￿ Is an inlènilL)n t4J solllp on o npl
bH51s or io ¢gallse tho as$E4t und sptilo the liabilily $lmulldP,P(JusIy,
Ba$lc flnattclJl Assè1$
Baslc finanGlal B5SLNI%
vh)ith include deblr)f4 8nd tsiv.h bank b813ru4s, pre Snltl8ily nic&?£UT8d 81
Iransaclion prlce inclutling iransa¢lion
IK Bnd orp Bubse4uenll¥ ¢sarri*d 8moTlise.d cosl ￿Ing IhLy ewpciivc
Inioiv$I molhod unlègs Ihv aTiang£mtsr)I consl1lljlL￿ a fln4nung IfBnsacIIDn. wlieip Ihu tronsocllon IF>
meabur¢d 3111)e presoiit value Of IhB fvl%Jrè r?cuipts di¥c¢iunl?d al o niark&l f ?L lo of inlG4fg.Bl. FIni?r￿%￿l 4ibspIs
dar>Sified as fecel¥able iiiilhln one ytsor are nol ?mor115ed.

DRUMREAGH PRESBYfERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢countlng poll¢leB
(Contlr)uedl
841$ic fin4￿claI11￿￿}Jl11es
B3$1¢ fiTrBn¢lal liabilllloa. inclvding uodilors ard bank loans arf3 inillally recogftrsed al Iransa¢lityn prlce unless
Ihè arran9emenl t￿r)sIll￿te$ a frnancing 1rarisa¢lion, wheic. Ihe d￿bI in8lriJmenl Is mpa5ur£d AE Ihé present
of Lle fulbru paymonts ttlscounled at p market rato of inlerost. FlnanciFJI Ilabilili&s classiflcd a$ F><ayable
wilhia one wr are nol amortQ8d.
Debt In￿rUments subseq￿envY camèo at pmortised Coi>l. uslno the efftsclive InlerEsl rai8 melh¢>d.
Trade creditors aro ubligaions lo pay for gwds or sorvtCÈS thcil b8vo b2en iL Cquired In tr)e ordingry ctyJrse ol
DpeFallorts Ironi 5upplleis. Amourils payable 8ro ¢lHssifiotl a$ curiEnl liabllilpes If paymenl is duo ivilhln onè
yeas or Ipss_ If nol, Ihèy are prpsenlod noriacurr&nl Irablllllos. Traoé tt&d51ofS 8re retagni￿d iDlllatly at
ransa¢tloh prtre and subsoquenlly mRa4urod at a￿ll￿tr5ed o)st Uslng Ihg effe¢live lTrtet&st m6ihod.
08rErCt)gnltsDn ol Ilnoncl81 liabllltles
Flnancial Ilab(lilie.4 arÉ) dereGts9nised when (he Church's ODnlfa¢lLJal oblJuaiénrTr oxpirp oi dls¢h&rged or
c4nLelled,
1,10 EmployÈ* boneflls
T43rininatit>n bBnefils ale recoonlsed IMM￿dIatelY expBnsp wlien rhe Church is dernDnstr8bly u)mmlllèd
lo lerminai8 Ihe empJD5qnenl Df an eibpioyee OF tD WOVid8 leimlnétion betsgfils..
Critl¢al accDunllny estlmatBS and Judgements
In the èw)IiLation ol ihe ChuTBh'8 8CCountin9 PuliriR8, Ilie TrusleLlS alp rtsquired lo make judgemL+nl3,
8xlimatÉ)S Bnd assumplions about ihts CaTryinQ amounl L)f a55els and liab3111Sts IhRI aiw rjol r￿d1[Y apparent
frofft other"
Otsrc￿S. The 8btima1es cind ?$$￿I31ed essumpliDn5 urB base([ Dn h¢slorieal eX￿riEnCe arid plher
laclrM% Ihal are CMSidBred lo b& relevanL Actual iesulls I1￿Y dtrffer Irom these esLrmalps.
Thu astimaies aro iind01154n9 aSSL¥mptions are revlowod r>n an ongolng b8sis. RevtSiQllS Io 8¢COunting
e4blimaies rpc4)gnis¢d tn th¢ poriod In wh-.ch thtt estim8te Is r&vl$ed iv17èfe* tho ievi41(m tffecls only Ihfji
perlod. in the pèriod of Ihè revislon and fu*uAo F*1yod*￿ vihore the 18VFSion affÈ)cls both currefjl ¢ind fuluro
pvlod5.
IDc4>rne from charitable a¢tivitle$
Rèstrlctèd
funds
2024
RostTi¢ted
nd$
2023
haritatrAp rèt)tal income
74)0
Income from Invesimtshts
Unr¢Rtrl¢led Restrlct8d
fundB
funds
2024
2024
Totsl UntBsITiQted Re5¢rl¢t¢d
funds
fund5
2023
21123
rotal
2024
2023
Inleiosl receivablÈ
177
210
1,032
1.116

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Don8tlons Dnd le9aCiO$
VnrBslrlEted R¢slTi¢tod
fynds
funds
general
Total
2024
Tolal
2Q23
Donailons an¢ gills
Other
180.667
1BO,867
125,521
163,1139
16Q,218
25,521
180,861
12S,521
306,388
323,SB7
Jl3.G81
F¢T thE year ¢Dd4ad 31 Dgcembgr 2023
163.4139
160,218
Olher Income
UnrB$lrl¢tèd Re5trlctEd
funds
funds
2024
2024
Total Unrestriclèd Rtsstrlctttd
fund$
lurtds
2023
2023
Total
2023
2024
Fltslea&ètJ from
endoiiKnBnl funds
Ncl 9girF OTr disposal of
l&nylbl? fixcd @ssels
Olher incom
1,000
1,000
1.000
1.000
176,237
21,381
178,237
?,2,3t4
16,96
21,1Q4
16.960
26,146
933
S,042
198.b18
1QLI.551
5.042
39,0fj4
44.106
933
iO-

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Chaillablè acllvltl05
2024
2023
Slam cosls
D&prepl8lion and Impaiiment
Rèritsl Pfoptsrty *xpensr35
Mi&S&Dn£ 14t7d Dlher 9roup5
R¢pBir£ and rTtainl?.17alltL4
Insuranee
Hèal and Ilght
Admtn co$ls
S181ionery an(1 printino
Rates
FiTranclal (h8rge$
EdiJcalloF) and tr￿￿ks
Gpn&{al &xp9n￿S
othpr ehaTiIBble exptsndilur
84,692
76,002
S66
92,158
13.275
6,301
11.478
6.275
3,027
2,313
831
G61
29,93S
1,414
87,928
82.Z37
490
43.3FI
9,227
6,Q81
15,417
3.Q62
2.345
2,533
18,932
30,114
3,636
328,928
306,273
328,928
306,273
AnalyBls by ￿nd
Llnr&8lric4ed funds
RbslTicled fiir>ds - da8ignatQrJ
R&stslcled funds- genpr81
148,B92
1.000
179.036
32B,928
For tho yeai end#d 31 Dtcember 2023
Un(estricled funds
Reslrlcled fund0 .
Restil¢lBd tunds - ts<3neral
1Sts.001
1,000
136,772
2￿,273
Ne¢ movoment ID funds
2024
2023
Th8 nel n)ovt>menl In lunds is Bt8ted aftèI chBFqingl(Uadiling).'
D8preciBllon tsl uwned 18nyiblé fixe.d assols
PrLbfit on Olsposal oF18nglblo liXEd •¢osets
76,002
{16,960)
82,237
¢176,237)
Trustees
Nun8 of the Truslees (or any persons cofinèclèd wllh Ihèmj, glher Ihan Rev. Rlchtsrd Murfay, iecgivod any
remuneratrjrj or borE8fils from Ihè Church durin9 the year.
11

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DE¢EM8ER 2024
10 Employoes
The *er8g4 monthly numbor of enj￿9Ve&S during Ihe ybai ivas..
202é
Number
2023
NumbEi
2024
2023
Employment co$15
B4,692
B7,928
Wages and sa18ries
ThÈiÈ werB fKJ eThployeeE Wt4ll5è annual remuMralion iiths moro than £60.000.
Dtumfeagh Pre5bylpri&n Cliurch has e.rnplo¥ees wnl¢h are the KlusiG Coordinaltsf gnd Carplaktrr. Stall
eosts inclLid8 Ihe c051 of the Klijgic Coordinalor. mini51or$' w3CL&S and caFlakor co515. Allhougli tha V&'ages
svbylerian
Ofe paid bi Dru¥nfe&9Ii Prpsbyleriyn Chuich. Iho mif¢iSl&r Df the Ghurr.h 15 an ÈMPIOYPB DI Ihe Pif.
Chur¢* In Irelènd. and Is Iheiofore nol rpllecied in Ihe pmpltsyep. numbprs of DitJmreBgh Pre5b￿er13n Chvrch.
11 Taxatlon
The cl)arily is exempl firJrn1ÈixalKsn on ils riLllvilie5 be¢auS￿ 811 its Incornby is 8pplied for chari18blè PUfP05BS.
12 Tan¥lblè fix¢d &5Strt$
FIE*ho141 land FiKIu1ts8
Cost
Al 1 January 2024
ddil'iDTh
DIspL)yIs
2.911.4d4
266,076 3,177,520
1.940
1,940
132,Id1 }
132.7411
Al 31 Dwmber 2￿24
2,87B,70J
266.016 3,146,719
Deprè¢lation 8nd Imp8lmiODt
Al l January 2024
De.prBtiallDn Ihafged In IhB ¥oar
20D,853
BI,555
116.469
24,4d7
377.322
76.fpJ?
455.324
hl 31 DeGBthber 2024
312,408
140.916
Carrylng aMQLtnt
Al 31 DeGvmber 2024
127,41)0 2,693,395
2,566,295
2,800,198
Al 31 Decumbpr 2023
2.65D,691
149.607
12.

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Debiors
Amotsnts f8lllny due withln One year.
Tiade deblors
2024
2023
32.940
43,￿3
14 Crodilofs", amouttt8 falllrtg duo wilhln one year
2024
202$
TiJdp ¢redilors
4,074
3.4£6
15 Rtstrlcttd fund$
Tho Testrlctod funds of the charlty comprkn LF)e un8xpondtsd balances of don411(>n5 and yrants lièld on Iru51
subjec4 lo bpeclflc con0ili0Tr5 bil donoT5 to hr)w Ihey may be FJ$8d.
At 1 January
2024
Jn¢oming
resDur¢es
Resource$
exponded
Trnnsfers
At31
Dvcèmbtrr
2024
2,B54,014
164,618
1179,0361
1,103
2,840.699
Preylous year:
At l January
2023
Incoming
resource$
Resoutces
a¥p*nded
Tran&fer5
At31
Dèetmbèr
2023
2.263,(￿3
378,473
(136.772>
349.250
2,854.014
16 Roslricted fund8 . d05ignaltrd
Thes¢3 are rÈstrittlpd ftsnd5 whicli are malL¥riai lo IFIB Churth's 8ctlvlties.
At 1 January ResDurces
2D24
oxpendod
At31
Dtscembèr
2024
9,000
11.000)
8,000
PieviDU8 year:
At 1 Jarbuary Rt$ource$
2023
xpendod
At31
Doeember
2023
10,QC¥)
(1.ODOI
9.DJO
13

DRUMREAGH PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Analysls ol n¢t as9ets botween fuThds
Tol81
VnreslrlGlgd
fund$
Ro51rloted
funds
deslln&tèd
2024
Restrltied
tund5
2024
2U24
?D24
Fund balan¢e5 8t 31 Dec¢mbof 2024 grB iepro$pnt¢d by:
Tangibla ao.
C.u¢ienl asselslllj8bil1l.￿￿}
123,097
2,693,395
147,304
2,683,395
278.401
8,000
123,047
e,Troo
2,B4D,699
2.571,796
Total
Uncestricled
tunds
Re$lricled
funds
do$lgnalod
2023
R851rlctod
lunds
2023
2022
2023
Fund b•latt¢¢S al 31 Decpmber 2023 are r¢pre5¢nlod by:
Tangiblp assels
Curionl 8i¥sei51lllabilili¢S}
87.OD$
2,800,198
2,800,198
141J.822
9,(gJO
87.006
9,WD
2 9￿.020
IB UniÈstri¢l¢d lunds
The inU)me luTrd5 of ihè chptily bnclude Ihe folloi¥Jiro de4ignaled fundB ￿lch hRve been ovet Bsldp oul of
uhre4lTl¢led fuiid5 b5. the Iru41oES lar $peciIIc pul￿42S.
- £10,000 held by Ofumre2gh (OT upk¢ep ol Mopdy Gravp..
At 1 January
InGDming
2024
RÈ$Dur¢es
ex￿nded
Tiansfers
Ai31
t￿¢ember
20Z4
{14B,892)
11,1031
123.D97
Gonttial lunrjg
87,OD6
186,ts56
Tran5fBI$
At31
Decemb2r
2022
Prnvlous year,.
At 1 Jan￿ary
202$
Incèrning
resour¢èb
Re30ur¢es
expende
439,35J
16S,4ri4
116B.ts01)
1349.24tJ)
87.OOG
Gonefal funds
19 An￿]y$s9 of chafiyPS nel fund$
Tho Church l)èd no mal¢ilAI dobl during Ihe year,
14