an KILLy[uR1Us CONGREGATION OF THE PRESB YTERIAN CHURCH IN IRELAND ST STATEMEf4T OF FINANCIAL ACTIVTTY FOR THE YEAR Ef4DED 31 DECEMBER 2025 Unrestritted Funds Restrlettd Funds Endowmellt Fullds Total Funds 2025 Total Funds 2024 Notes Income from: Donations and legacies Charitable activities Investtneiit income Other income 119,752 332,178 31,135 420 163,904 451,930 31,135 1,568 163,904 452,463 44,703 3,841 85,090 1,112 36 Total income and endowments 120,864 527,637 36 648,537 586,097 Expenditure on: Cost of raising funds Cliaritable activities Other expcnditure Renovation costs 825 107,155 4,892 1,802 30,456 9,155 812J60 2,627 137,611 14,047 812J60 1,988 138,533 24,417 374,712 Total expenditure 112,872 8S3,773 966,645 539,650 Net iDeomel{expenditure) 7,992 (326,136) 36 (318,108) 46.447 Transfers between fund5 Rcvaluation of fixed assets Revaluation of investments 10 13 14 (156,090) 156,090 176,536 (2,042) (2,042) Net movement in funds Reconciliation of funds= Total funds brought fonvard (148,098) (170,046) {2,006) (320,150) 222,983 194,684 3,858,898 51,110 4,104,692 3,881,709 Total funds carried fonvard 46,586 3,688,852 49,104 3,784,542 4,104,692 IS I Page
an KILLYMURRIS CONGREGATION OF THE PRESB YTEIUAN CHURCH IN IRELAND si- BALANCE SHEET AS AT 31 DECEIIIBER 2025 Unr¢5tricted Funds Restricted Funds Endowment Funds Total Fund5 2025 Total Funds 2024 Notes Fixed assets Tangible fsxed assets Investments 13 14 3,738260 3,738,260 49,104 3.733,260 51,110 49,104 Total fixed assets 3,738,260 49,104 3,787,364 3.784,370 Current assets Debtors ]d prepayments Cash al bank and in hand 15 28,490 33,491 57,981 53,579 86,471 87,070 78,476 327,377 16 Total Current assets 61,981 111,560 173,541 405,853 Current liabilities Creditors dv¢ within one year 17 15J95 100,968 116?63 85,531 TotAI current liabilities 15,395 100,968 116J63 85,531 Net current assets 46,586 10592 57,178 320,322 Total assets less current liabilities 46,586 3,748,852 49,104 3,844,542 4,104,692 Creditors due after one 60,000 60,000 Total net assets 46,586 3,688,852 49,104 3,784,542 4,104,692 161 Page
an KILLYIIWRRIS CONGREGATION OF THE PRESBYTEIUAN CHURCH IN IRELAND ST BALANCE SHEET AS AT 31 DECEMBER 2025 UDrestri¢ted Funds Restricted Funds Endowment Funds Total Funds 2025 Total Funds 2024 Notes Funds of the charity Unrestricted fvnds Restricted funds Endowment fund5 19 19 19 46,586 46,586 3,688,852 49,104 194,684 3,858,898 3,688,852 49,104 Total charity fullds 46,586 3,688,852 49,104 3,784,542 4,104,692 Approved by the Kirk Session al & meeting on 2, June 2026 and signed on its behalf by.. Rcv. Ro nd James Watt Mr. Samuel George Simpson Position.. Minister Position.. Clerk of Session
an KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND ST CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 Total Funds 2025 Total Funds 2024 Cash floiv from operating activities Net incoiniiig/{outgoing) resources before interest received Movement in value of tangible fixed assets and investments Incrcase in debtors Increase in crcditors (321,718) 2,006 (7,995) 90032 219,142 (178.716) (78,476) 85,531 Net casb inflow from illcoming resources {236,875) 47,481 Return on investtnents and servicing of finance Intcrest received I,S68 3,841 (235?07} 51,322 Capital expenditure Pur¢hase of tangible fLKed asscts (5,000) Net increase ill cash for the year (240J07) 51,322 Cash and cash equivalents at the beginning ofthe year 327J77 276,055 Cash and Cash equivalents at the end of the year 87,070 327,377 181 Page
an KILLYMURRIS COI¥JGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31- DECEMIIER 2025 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMETr4TS Thc financial statements have beeli prepared in accordance with Accounting and Reporting by Charities: Statemei)t of Recotnmended Practice applicable to charities preparing their accounts in accordance wilh Financial Reporting Staiidard applicable in the UK and Ireland (FRS102) (effective l Jalluary 2019). The Charity is a public benefit entity The financial slalements have been prepared undcr the historical cost convention exccpt for investmeTtt asscts, which are Show at markct valuc. The fuiictional and presentational currency is Sterliiig. The financial statements include all transaction5, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are infornial gatherings of ¢hurch members. PREPARATION OF ACCOiJNTS ON A GOING CONCERN BASIS There are no material uneertainlies about the charity's ability to continue. The accounts have been prepared on a going concern basis. FUND ACCOUNTING Unrestri¢ted funds ale incomc funds which arc to bc spent on the congregation's gcncral poSe5. Dcsignated funds arc general fuiids set aside by the congregation for use in the future. Restricted funds comprise revenue donations or grants for & spe¢ifi¢ congregational activity intended by the donor. Where these funds have unspent balances, interesl on their poolcd invcstinent i5 apportioned to th¥ individudl fundq on an average ba1ce basis. Endowment funds arc funds, the capital of which must be retained either permanently or at the congregation's discrction; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upoii the purpose for which the endowment was established in the first place. CRITICAL ACCOUNTING JUDGEMENTS AND ESTILVIATION uNCERTAI[+y Estimates and judgmcnts made in the process of preparing the financial statements are conlinually evaluated and are based on historical experience and other factors. including expectations of future events that are believed to be reasonable uiider the circumstances. The Truste¥s do not consider that there are any critical judginents inade in applyTng the Church's accouiiting policies or that there are any critical accounting estimates or assumptions whieh may have a significant risk of causing a material adjustment to carrying Ount$ of assets and liabilities within the next financial year. 191 Page
an KILLYMURRIS CONGREGATION OF THF PRESBYTERiAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) ACCOUNTING POLICIES (Collt'd) INCOMING RESOURCES (i) Recognition of incom5ng resourees These are included in the Statement of FÉnancial Activities (SOFA) when.. the congregation becomes entitled lo the resources- the trustees are virtually ecrtain they will rcccivc thc rcsourcc5; and the monctary value can bc measured with sufficient reliability. (li) Ineoming resources with related eIpenditure Where incoming resources have related expenditure {as with fundraising in¢ome) the incoming resources and related expenditure &re reported gross in the SOFA. (iii) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. (iv) Tax rlaimS on donations and gifts Incoming resources from tax reclaims arc included In the SOFA at the same time the gift to which they relate. (v) Contraetual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. (vi) Gifts in kind CiifLq in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for use by tile cliarity are included in the SOFA as incoming resources whcii receivable. (vii) Donated services and facilities These are only included in incoming resources (with an equivalent an]ount 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 seryice or facilily received. (Vlll) Volunteer help The value of any voluntary help received is not included in the accounts but is described in Ihe trustees, annual report. (ix) Investment income This is included in the accounts when receivable. (x) Investment gains and losses This includes any gain or loss on the salc of invcsttnents and any gain or loss rcsulting from revaluing investments to market valuc at ihe end of thc year. 201 Page
an KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRF.LAND NOTES TO THE ACCOUNTS (cont'd) Accout+trING POLICLES (cojjt'd) EXPENDITURE AND LIABILITIES (xi) Liability recognition Liabilities are recognised as soon as there is a legal or ¢onstructive obligation ¢ommitting the congregation to pay out resources. (xii) Analysis of expenditure by activity A separate analysis of expenditurc on an activity basis has not been presented, nor considered necessary, since all expenditure of the ¢harily is committed to the overall functioning of the Church. (xiii) Governance eosts Tliese are shown within charitable activitics aiid includc thc costs of preparatioii and examiiiation of accounts, thc costs of trustee meetings and cost of any legal advice to trustees on governance or Constitional matters. ASSETSI(LLiBILITIES) (xvi) Tangible Fixed Assets The assets of the Chureh comprise: Church building and contents at 185 Dunminning Road, G12rryford, Ballymena. Churcli hall building and conteiits at 185 Dunmiiining Road, Glarryford, Ballymena Manse at 175 Dunminning Road, Glarryford, Ballymena Details of historical cost of the above assets purchased prior to I 51 January 2018 are not available. All assets purchased are included in the balance £heet at valuation. No depre¢iation has been provided on these assets as the current estimated residual value is not less th] thc carrying vaIuc ]d the renidining useful life Currently eA¢eeds 50 years. fhis will bc rcvicwed by on an annual basis by tlic TnistCCS. Tangible fixed assets for use by the church are eapitalised if they can be used for more ihan one year, and cost at least £2,500. The Trustees have agreed that any fixed asset addition witli a value of less than £2,500 does not need to be shown as an asset and will simply be written off as expenditure in the year of purchase. Tangible fixed assets arc dc-rccogniscd on disposal or when no tUre economic benefits are expected. On disposal, thc diffcrcnce between the disposal proceeds and the carrying amount is recognised in th¢ stalement of financial activities.
an KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH ll¥ IRELAND NOTES TO THE ACCOUIYTS (eont'd) ACCOUNTING POLICIES (cont'd} (xiy) lllvestmellts Invcsttnents are included in the balance sheet at their market value at the year end. (xv) Cash and cash equivalellts Cash and cash equivalents include cash in hand, deposits held and other short-terni highly liquid investments with maturities of three months or less. (xvi) Fillallcial instrutnents The Church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basis financtal instruments are initially recognised at transaction price and subsequently measured at their settlement value. DONATIONS ATr4D LEGACIES Unrestricted Funds Restrieted Fuuds Endowment Funds Total Funds 2025 Total Funds 2024 Recorded giving: Donation5 and gifts Loose collections Gift Aid Org¥anisalion fees/m¢mbership 95J61 2236 22,155 272,376 367,737 2,236 80,136 1,821 359,273 1,734 89,441 2,015 57,981 1,821 119,752 332,178 451,930 452,463 CHARITABLE ACTIVITIES Unrestrittcd Fund5 Restricted Fund5 Elld0Trvellt Fulld5 Total Funds 2025 Total Funds 2024 Charitable aciivities- other Charitable activities- publi¢aliolls 30,475 660 30,475 660 44,033 670 31,135 31,135 44,703 221 Page
an K[LLY[URIUs CONGREGATIOIN OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOiJNTS (cont'd) INVESTMENT INCOME Unrestricted Funds Restricted Funds Endosvment Fund5 Total Funds 2025 Total Funds 2024 Deposit interest PCI General investment fund 1,112 420 36 1,568 1,661 2.180 1,112 420 36 1,568 3,841 OTHER INCOIVJE Unrestrieted Funds Restrieted Funds EndowrneNt Funds Total Funds 2025 Total Funds 2024 Building project gt•iit income Othcr grants rcceived PCI support Sundry income 160,182 3,722 160,182 3,722 76,647 6,577 276 1,590 163,904 163,904 85,090 COST OF RAISING Ft3Tr4DS Unrestricted Funds Restricted Funds Endoivment Funds Total Fund5 2025 Toial Funds 2024 FWO envelopes Fundraising expenses 825 825 1,802 790 1,198 1,802 825 1,802 2,627 1,988 231 Page
an KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (collt'd) CHAJiITABLE ACTIVITIES Unrestricted Funds Restricted Fund5 Endowmellt Funds Total Funds 2025 Total Funds 2024 Ministry and support staff costs Coiigregational running expens¢s General assessments Utilities Eveiits and catering expenses Stationery and teaching materials Publications Presbery fees Donations to MissionCharitieS 73239 6J89 10,875 14,036 1,094 232 85 5,629 I,ioi loo 8,960 469 66 73,324 12,018 11,976 14,136 10,054 701 660 490 14,252 72,794 14,228 12,033 13,015 7,336 884 670 469 17,104 490 800 13,452 107,155 30,456 137,611 138,533 OTHER EXPENDITURE Unrestricted Funds Restrieted Funds EndoTrvrnent Funds Total Funds 2025 Total Funds 2024 Repairs and maintenance Governance Costs 391 4,501 7,753 1,402 8,144 5,903 17,890 6,527 4,892 9,155 14,047 24,417 RENOVATION COSTS Unrestricted Funds Rtstrieted Funds Endowment Funds Totsl Funds 2025 Totrdl Funds 2024 Building contractor Associated professional fees Other ¢osts 767,893 41,316 3,151 767,893 41,316 3,151 317,345 57,367 812,360 812,360 374,712
an KILL YMURRIS CONGREGATION OF THE PRESBYTEIUAN CHURCH ll¥ IRELAND NOTES TO THE Accouwfs (Cont'd) 10. TRANSFERS BETWEEN FUF4DS Unrestricted funds are spent or applied at the discretion of the Iruslees to further any of the charity's purposes. Unrestricted funds may be used to supplemeiit expenditure made from restricted funds. 11. ELoYEEs Employment costs 2025 2024 Wages and salaries 12J36 11,940 The church had two employees during the year (2024.. two). The inillistcr of the congregation is an employee of the Presbyterian Church in Ireland, which is a separate charity and they have not been reflected in the employee costs and averagc numbcr of cmployces above. Tiic congregation pays an assessment to the Prcsb)tcrian Church in Ireland for the minister. The following amounts were paid during the year.. 2025 2024 Minister stipcnd 38,994 37,676 25 | Page
an KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 12. PENSION COSTS The ininistcr of the congrcgalion is a member of the Presbyterian Chur¢h in Jreland Pension Scheme (2009). This is a scheme operated by the Presbf(erian Church in Ireland, & separate registered charity. The Congregation pays an assessment to the Presbyterian Cl)ui'ch ill Ireland equivalent lo the employer's pension contribution foi. the Scheme and based on the stipend paid to the minister. The preSberlan Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type, providing defined benefits based on career average re-valued salary. The Scheme has assets held in a Sep"atelY adniiiii5tcred fund managcd by a board of trustees. rhe Prcsb)rtcrian Church ]d the Schcinc Trustces have agreed a funding plan to ensure the Scheme is sufficiently fundcd 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 contributions of 17.50/0 (2024.. 24 /0) of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in SeiCe benefits and funding the scheme deficit. Thc total contributions made by the congregation during the year were.. 2025 2024 Contributions 6,824 9,042 261Page
an KILLYMURRIS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND OTES TO THE ACCOUNTS (cont'd} 13. TANGIBLE FIXED ASSETS Buildings and contejjts Total Cost I Valuation As at 1st January 2025 Revaluation Additions 3,733,260 3,733,260 5,000 5,000 As at 315t December 2025 3,738,260 3,738,260 Deprlation As at I st January 2025 Charge for the year Disposals As at 31" December 2025 Net Book Value as at 31" December 2025 3,738,260 3,738260 Net Book Value as at 31" December 2024 3,733,260 3,733,260 Th¢ asscts of thc Church comprise.. Church building and contents at 185 Dunmiiining Road, Glarryford, Ballymena. Church hall building and contents at 185 Diinminning Road, Glarryford. Ballymena Manse al 175 Dunminning Road, Glarryford, Ballytnena 14. INVESTMEwrs PCJ Geiieral Invcstmcnt Fund National Savings accounts Total Costlvaluation As at l. January 2025 Movement during the year 47,505 (2,042) 3,605 36 51,110 (2,006) As at 31" December 2025 45,463 3.641 49,104
an KILLYMURRIS CONGREGATION OF THE PRESB YTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 15. DEBTORS AND PREPAYMENTS 2025 2024 Gift Aid rccovcrable Grant rcccivablc Other debtors Prepayments 82,136 60,462 13,278 276 4,460 4,335 86,471 78,476 16. CASH AT BANK AND IN HAND 2025 2024 Bank current accounts Bank deposit accounts Cash in hand 86,336 326.038 746 593 734 87,070 327,377 17. CREDoRs DUE wrrHIN ONE YEAR 2025 2024 Building consti'uction costs due Jlllerest free loans repayable Other cieditors and accruals 37,638 60,0(M) 18,725 78,545 6,986 116,363 85,531 18. CREDITORS DUE AFTER ONE YEAR 2025 2024 Interest free loans repayable 60,000
an KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 19. FUIID BALANCES AND RECONCILL4TION OF FUNDS Fund Balance at start Balance at end ID¢ome Costs RtVAluatioll Transfer Unrestricted Funds General account Repair aOUnt 184,684 10,000 120.864 (112.872) {156,090) 36,586 i 0,000 194,684 120,864 (112,872) {156,090) 46,586 Restricted Funds General a¢¢ount Graveyard account Repair account Property account Sunday School account PW account Live Wire account Girls Brigade account Happy Tots accounts Carnlea Bowling account Glarryford Bowling account Bible and Prayer account Chipmunk account Young Adults account Friendsliip account Monday Club account 3,382 9,044 95,520 3,733,260 1,400 2,339 3,574 3,185 19 12,390 10,018 490,287 (12,390) (7,016) (816,342) 3,382 12,046 (80,505) 3,738.260 497 1.427 2,179 3,854 150,030 5.000 958 778 3,693 4,870 (1,861) (1,690) (5,088) (4,171) (30) (19) 1,530 28 1,558 1,476 286 (232) (150) 1,380 3.362 593 214 1,049 540 1,076 1,314 350 (2,100} (399) (1.508) (976) 2,311 734 1,112 617 1,330 279 {350) 3,858,898 527,637 (853,773) 156,090 3,688,852 Endowjnellt Funds National Savings I account National Savings 2 account National Savings 3 account Bequests account 2,103 21 2,124 872 881 631 47,504 637 45,462 (2,042) 51,110 36 (2,042) 49,104 OVERALL TOTALS 4,104,692 648537 (966,645) (2,042) 3,784,542 291 Page
an KILLYMURIUS CONGREGATION OF THE PRESBYTEIUAN CHURCH IN IRELAND NOTES TO THE ACCO[ S (eont'd) 19. FUND BALANCES AND RECONCILIATION OF Fuf4DS (Collt'd) ADalysis of closing funds Unrestricted Fullds Restricted Fulld5 Endowment Funds Total Funds 2025 Total Funds 2024 Fixed assets Current assets Current liabilities Long tem) liabilities 3,738260 111,560 (100,968) (60,000) 49,104 3,787,364 173,541 (116?63} (60,000) 3,784,370 405,853 (85,531) 61,981 (15,395) Total funds 46,586 3,688,852 49,104 3,784,542 4,104,692 20. RELATED PARTY TRANSACTIONS Rev. Roland Watt is a trustee of the church. In his capacity as tlie minister of the congregation he received rcJnuneration of £38,994 and an expenses allowance of £7,388. Pension contributions of £6,824 were also paid by the congregation in respect of him to the preSberlan Church in Ireland Pension Scheme (2009). Employer's NIC of £5,941 was paid to the Presbirterian Church in Ireland for the minister. None ofihe oiher Irustees received any remuneration nor were any of thcm re-lburscd during the year for expenses they incurred in connection with thcir dutics. Expenditure in the Statement of Financial Activity includes the following amounts to Funds of the Genera Assembly of the Presbjterian Church in Ireland, a separate charity.. Asscssments United Appeal 10.875 8,303 The congregation Contributed £490 towards Presbytery Asscssments during the year. There were no other relatcd party transactions. 21. CAPITAL COMMITMENTS At 31., December 2025 the Church had capital commitmcnts of approximatcly £65,000 in rclation to the on-going church renovation WOTk5, wliich havc not been provided for in the accounts (2024.. £0.6 million). These commihnents will be met by funds currently held in bank ac¢ounts, by fi]ture donationslfundraising activities and by Gift Aid reclaimable. 301 Page