ids.
Charlty Registration No: NIC106586
chartered accountants
PORTRUSH PRESBYTERIAN CHURCH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
IDS Chartered Accountants LLP
23125 Queen Strget
COLERAINE
Co Londonderry
8T52 1 BG

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
CONTENTS
Page
Legal and administrative information
Trustees, report
Independent examiner's report
Statement of financial activities
Statement of financial position
10
Notes to the fi'nancial statements

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr B G H Simpson
Mr R S Medcalf
Mr S A Mccartney
Mr W A Duncan
MrWRDunn
Professor J H Gillespie
Mrwc Harpur
Mr S Medcalf
Mr D Mcmillan
Mr W S Peake
Mr S P Vandevyver
Mr R Scott
Rev Dr J Coulter
Principal address
3.. 16 House
3 Main Street
PORTRUSH
Co Antrim
BT56 8BL
Independent examlner
IDS Chartered Accountant5 LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1 BG
Bankers
Danske Bank
22 The Diamond
COLERAINE
Co Londonderry
BT52 IDE
Solicitors
Anderson Gillan Barr Ltd
Solicitors
41 New Row
COLERAINE
Co Londonderry
BT52 1AE

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial slalements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and Comply with the book of the constitution and government of the Presbyterian Church in
Ireland, the Charities Act (Northern Ireland) 2008 and "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (as amended for accounting periods
commencing from 1 January 20161.
Objectives and actlvlties
Portrush Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church
in Ireland, as a Refomed Church within the wider body of Christ, is grounded in the Scriptures, and exists to love
and honour God through faith in His Son and by the power of His Spirit, and to enable her member5 to play their
part in fulfilling God's mission to our world.
The Charity's mission is..
dlsclples of Jesus Christ.
For the Glory of God to present the gosp81 so that others will become true
To make this mission a reality. the Charity is commilled to the only God-given means of achieving it - Ihe Word of
God taught and preached simply, compassionately, and faithfully.
This mission guides the Charity's Vision, which is to see as many people of all ages come to a personal
relationship with Jesus Christ and grow to become Useful Active Serving members of His church.
The congregation normally meets for worship every Sunday and visitors are welcome to join. It promdes a
centre for worship for the many visitors who come to Portrush throughout the year. The Sacramenl of the
Lord's Supper is observed on eight occasions during the year. All those who have been baptised and tho
have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation
holds regular Bible study meetings and prayer meetings, and has a wide range of organisations inGluding'.
Crèche
Sunday School
Youth Fellowship
Boys, Brigade
Girls, Brigade
Tea and Tots
Presbyterian Women
Praise Group
Choir
Craft Group
Bowling Club
New Beginnings: a charity shop as a community service
Achievements and performance
Worship and prayer
The congregation normally meets for worship each Sunday at 11am and 6.30pm. During Ihe week a range of
Bible study groups provides opportunities for members to meet together for fellowship, to study the Scriptures,
and for a lime of prayer.
As well as our regular services during the year we acknowledged God's gift of new life al one Sacrament of
Baptism, gave thanks for faithful service, and sought to comfort those who had been bereaved during the
year.
At 31 December 2024 there were 272 communicant members and 201 families connected with the
congregation. The average attendance at morning worship averaged 250-300 from September lo May and
450-500 from June to August. Online attendance, an imprecise measure, varied between 150 & 250.

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Pastoral care
Members of the congregation who are unable to attend church due to sicknèss or age are visited on a regular
basis by the minister, elders or by one of the congregation's pastoral visitors. Video and audio recordings of the
morning service are distributed weekly to those unable to allend, and communion services held, as appropriate,
in people's homes. Since the beginning of the pandemic, all in-person morning services have been live-
streamed. Counselling is available for all members of the church family, as required, and is provided by
members of the Ministry team, and there is a strong emphasis on the distribution of practical support for those in
need.
Mission and outreach
At a local level our mission is expressed by our worship, a key element of our expressing our love for God.
Our worship Is therefore inclusive of age and slyle, allowlng those whom God has so gifted to ¢reatvely
express their love by these gifts.
We promote fellowship within the church and encourage each member to see hislher responsibility to be a
catalyst for fellowship, caring, sharing, praying, encouraging, and visiting. This also challenges us as to our
responsibility to develop fellowship with Christians outside our church. This is the basis for our outreach to
the whole local community in caring service and evangelism. not only a5 individuals and families, but through
the activities of the organisalions listed above and below.
The congregation supports the United Appeal for Mission, which is a central fund of the Prestyterian Church
in Ireland. This fund enables congregations lo support the wider mission and outreach of the denomination
beyond what the congregation could do on its own. The United Appeal Fund provides financial support for
mission personnel al home and overseas, assists congregations with the deployment of locally-based staff,
enables church planting, provides grant support for the upkeep of church premises, assists with the running
costs of Union Theological College, the church's training college for ministry students, and financially
supports congregations in the areas of worship, discipleship, global mission, outreach, leadership and
pastoral care. There is also further giving in support of a range of other mission activities.
Presbytery
The congregation was represented at the regular meetings of Presbytery by our minister andlor one of the
elders. This provides an important link between the congregations and the wider structures of Ihe church.
General Assembly
The minister and one of our elders were nominated to attend the meeting of the General Assembly of the
Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June.
Property
Early in 2023 serious leaks in the pipes for the central heating of the church led to the replacement of those
pipes and the complete resurfacing of the rear car park, under which the pipes were laid. This project was
successfully completed in September 2023. In 2024 the repainting of and repairs to the 3..16 building were
undertaken, and minor improvements made lo the church halls, and the Church Manse and grounds were
extensively renovated and refurbished in preparation for the arrival of our new Minister.

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Organisations
In addition to our Sunday School, Youth Fellowship and Home Bible Study Groups, which met regularly
throughout the year, there are a number of thriving organisations. Our branch of Presbyterian Women met
monthly during winter and autumn in support of missionary and discipleship work in the church. Our Girls,
Brigade Company meets each Monday during the winter and autumn terms with, on average, Iwenty-nine of
ages from four to eighteen attending Our Boys, Brigade Company meets each Friday, also during the
winter and autumn terms, with more than twenty-two boys of the same age range regularly attending. Each
organisation provides a range of activities of games, crafts, Bible leaching, and so on. Our Tea and Tots
group meets every Friday morning in our halls. Twenty children and their carers are regular attende￿.
These organisations attract participants from throughout the community, as does our Bowling Club. which
meets On￿ a week in our halls with between ten and fifteen regularly attending. Our craft group has a
dozen members, which makes craft items for distribution to those in need both at home and abroad.
Reality 3.'16, our Worldview programme, met regularly throughout the year, in High Kirk Presbyteri3n
Church, Ballymena, with participants from all over the province engaging in significant study of the Christian
faith in relation to the challenges of our modern world.
Volunteers
The Trustees wish to acknowledge their deep appreciation of the more than one hundred church members
and others who give freely of their time by serving on committees and helping with these organisations and
other church activities.
Public Benefit Statement
The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its
members and the general public by making known the Christian Gospel of the Lord Jesus Christ through
the advancement of religion.
The direct benefits which flow from the purposes of the Church include the gaining of an understanding of
Christian beliefs as set out in the Bible and in the Church's subordinate standards (the Westminster
Confession of Faith and the Shorter and Larger Catechisms} leading to spiritual and moral development
and opportunities for response to Bible teaching. In turn, this framework leads lo practical expressions of
Christian beliefs and standards in the local community, such as through the care of those in need (including
the sick, disabled and bereaved).
Generally, the above benefits are delivered locally by congregations and their members, or are faalitated
through Presbyteries or are organised and delivered centrally. Local delivery is facilitated by central
resources in almost all cases, Public access is made known through the use of noticeboards, printed
material, press advertisement, websites, social media or in other ways.
The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc
feedback from members, their families, and members of the public.
The purpose does not lead to harm. The only private benefit flowing from our purpose is related to
Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a
result of their holding office or employment. However, this is incidental and necessary in order to further our
Gharilable purpose. There are no other private benefits. The beneficiaries of this purpose are members,
their families. other individuals with whom the Presbyterian Church in Ireland is in direct and indirect
Gonlacl, the community in which pastoral services are provided and other communities throughout Northern
Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for
both Christian and other secular organisations, charitles and individual members of the public.
The Kirk Session has had regard to the Charity Commission's public benefit requirement slalutory guidance.
The congregation of Portrush provides facilities for other Churches and Christian groups from far and wide for
trips and events, and for conference facilities.
The church also rnaintains, through the efforts of our Property committee, the extensive Grade 2 buildings on
our Main Street Portrush sile, which represent some of the most important heritage buildings of the town and
area.

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial revlew
The congregation's main source of income is member5, contributions through the Weekly Freewill Offering.
There were 131 contributing families during the year 12023.. 137) donating a total of £108,370.00 (2023..
£113,485).
The total income of the congregation during the year was £295,408 compared to £306,416 in 2023. Total
expenditure decreased from £285,505 to £236,365.
Going concern
The activities of the congregation are dependent on ongoing contributions from its members. The Trustees
are of the opinion that the congregation has sufficient resources al the dale of approval of these financial
statements to meet commitments that will arise in the year from the date of signing this report and subject lo
the continuing support from members lo fund on an ongoing basis the Gongregation's current activities and
other financial Comrnitments.
Reserves policy
The Trustees have considered the level of unrestricted reserves that it is appropriate to hold taking account
of current and ongoing commitments. 11 is the policy of the Trustees to hold at least one month's normal
expenditure. At the year-end unrestricted reserves were £114,358, which represents a higher level of
reserves than required by this policy. The Trustees however, consider il prudent to hold reserves at this level
as the funding of its present activities is dependent of the ongoing financial support of members.
Risk review
A review of major risks has been undertaken by the Truslees. and systems and procedures implemented to
manage identified risks. The principal risks are in relation to the likelihood of reputational damage and
financial risks associated with the expectation of ongoing financial support from members. These risks are
mitigated by the Trustees and the Congregational Committee regularly monitoring the various activities of the
congregation al stated meetings and by encouraging members in their regular giving.
structure, governance and rnanagement
The Charity is an unincorporated organisation.
The Trustees who served during the year and up lo the date of signature of the financial statements were:
Mr B G H Simpson
Mr R S Medcalf
Mr S A Mccartney
Mr W A Duncan
MrWRDunn
Professor J H Gillespie
Mr WC Harpur
Mr S Medcalf
Mr D Mcmillan
Mr W S Peake
Mr S P Vandevyver
Mr R Scott
Rev Dr J Coulter

PORTRUSH PRESBYTERIAN CHURCH
ids.
charrered accountants
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Kirk Session
The charity Iruslees of the congregation are the members of ils Kirk Session. Under the congregation's
governing document, The Code, the book of the constitution and government of the Presbyterian Church in
Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of
persons not connected with any congregation who are within its bounds.11 ensLJres pastoral care is in place
in the congregation and seeks to further the contribution of the Church to Christian witness and service in
the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs of
the congregation including administering all funds and property belonging to the congregation. Members of
the Kirk Session are ex-officio members of the Congregational Committee.
The Kirk Session consists of the ordained minister {currently the convenor of the vacancy) and the ruling
elders of the congregation. All members are entitled to propose, speak and exercise equal votes at meetings,
except that the Moderator, the minister in active duty in the congregation, has no deliberative but only a
casting vote.
stated meetings of the Kirk Session are held at least five times a year.
To be chosen for the office of the eldership in the congregation a person musl be a voting member and a regular
attendant on its ordinances. The selection of those proposed to be called to the office can be eilher by the
congregation or by the Kirk Session. Members are elected if they obtain Iwo-thirds af those who vote.
Presbytery
Under the Presbyterian Church in Ireland fom of governance the corporate oversight of a congregation is
the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the
congregation5 assigned to it by the General Assembly of the Presbyterian Church in Ireland. Portrush
Presbyterian Church has been assigned to the Coleraine and Limavady Presbytery of the Presbyterian
Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations
assigned lo it by the General Assembly, ministers who have retired from active duty, and an elder appointed
by the Kirk of Session of each congregation.
The General Assembly
The General Assembly is the supreme court of the Church, representing, in one body, the whole Church,
and acting as ils supreme legislative, administrative and judicial authority in dealing with all mallers broughl
before it. The General Assembly is normally constituted in June for worship and to conduct its business. At
the end of business, it is dissolved. The membership of the General Assembly consists mainly of the active
ministers of each congregation, retired ministers and a representative elder appointed by the Kirk Session of
each congregation.
The Trustees, report was approved by the Kirk of Session and signed on ils behalf by
Professor J H Gillespie
Trustee
Dated. 6 February 2025
Rev Dr J Coulter
Trustee
Daled.'6 Feb￿ary 2025

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PORTRUSH PRESBYTERIAN CHURCH
I report on the financial stalernents of the Charity for the year ended 31 December 2024, which are set out on pages
8t020.
Respective responsibilities of charity Trustees and examiner
As the Charity's Trustees you are responsible for the preparation of the financial statements in accordance with the
Charities Act (Northern Ireland) 2008.
It is my responsibility to..
examine the financial statements under section 65 of the Charitles Act (Northern Ireland) 2008.,
follow the procedures laid down in the general Directions given by the Commission under section 6519){bl
of the Charities Act (Northern Ireland) 2008., and
slate whether particular matters have come to my attention.
Basis of Independent examiner's report
I have examined your charity financial statements as required under section 65 of the Charities Act (Northern
Ireland) 2008 and 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 Charlties Act. The examination included a revlew of
the accounting records kept by the charity and a comparison of the financial slalements presented wrth those
records. It also included consideration of any unusual items or disclosures in the financial statements, and seeking
explanations from you as Gharily trustees concerning any such matters.
My role is to state whether any malerial matters have come to my attention giving me cause to believe that..
1. Accounting records were not kept in accordance with section 63 of the Charities Act (Northern Ireland)
2008,. or
2. The financial statements do not accord with those accounting records-, or
3. The financial statements do not comply with the accounting requirements of the Charities Act (Northern
Ireland) 2008- or
4. There is further information needed for a proper understanding of the financial statements to be reached.
Independent examiner's statement
Since the Charity's gross income exceeded £250,000, the independent examiner must be a member of a body
listed in section 65 of the Charities Act (Northern Ireland} 2008. 1 confirm that l am qualified to undertake the
examination because l am a member of Chartered Accountants Ireland, which is one of the Sisled bodies.
I have completed my examination and I have no concerns in respect of the matters {11 to141 listed above and, in
connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters
that require drawing lo your attention.
- I"s LLP.
IDS Chartered Accountants LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1 BG
6 February 2025

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PORTRUSH PRESBYTERIAN CHURCH
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chartered accountants
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Property, plant and equipment
Investment property
Investments
15
16
17
7,064,254
158,697
125,473
7,064,254
158,697
119,809
7,348,424
7,342,760
Current assets
Trade and other receivables
Cash at bank and in hand
18
4,940
289,024
5,395
229,421
293.984
19071
234.816
(805)
Current Ilabllltles
19
Net current assets
293,057
234,011
Total assets less current liabilities
7,641,481
7,576,771
Capital funds
Endowment funds - general
Income funds
General restricted funds
Revaluation reserve
85,395
80,424
225,739
7,215,989
215,860
7,215,989
7,441.728
114,358
7,431,849
64,498
Unrestricted funds
7,641,481
7,576,771
The financial statements were approved by the Trustees on 6 February 2025
Professor J H Gillespie
Trustee
Rev Dr J Coulter
Trustee
10-

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity information
Portrush Presbyterian Church is an unincorporated charity operating in Northern Ireland.
1.1 Accounting convention
The financial sl8temenls have been prepared in accordance with the Charities Act (Northern Ireland) 2008
and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS 102}" (as amended for accounting periods commencing from 1 January 20161 The
Charity is a Public Benefi't Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not to prepare a Statement of Cash Flows.
The fi'nancial slalements are prepared in sterling, which is the functional currency of the Charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time Df approving the financial statements, the Trustees have a reasonable expectation that the Charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going cancern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restrided funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses ot the restricted funds are set out in the noles to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
Charity.
1.4 Incomlng resources
Income is recognised when the Charity is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
conlingenl asset.
Assets for distribution are recognised only when distributed. Assets given for use by the Charrty are
recognised when receivable. Stocks of undistributed donated goods are not valued for balance sheet
purposes.
Revenue is measLJred at the fair value of the consideiation received or receivable and represents amounts
receivable for goods and seNices provided in the normal course of business, net of discounts.
11

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
1.5 Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation Gommitting the congregation to
pay out resources.
Governance costs are shown within charitable activities and include the costs of preparation and examination
of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or
conslilutional rnatlers.
1.6 Propertyi plant and equlpment
Property, plant and equipment are initially measured at cost and subsequently measured at cost or va5uation,
net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Fixtures and fittings
Computers
O % straight line
20,/0 Straight line
25 % straight line
Land and buildings are valued at market value and are subject to regular revaluations every 3 years and, as
such, are not depreciated.
1.7 Investment properties
Investment property, which is property held to earn rentals andlor for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly atlribulable expenditure. Subsequently
il is measured at fair value at the reporting end dale. The surplus or deficit on revaluation is recognised in
profit or loss.
1.8 Non-current investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in nel
incomellexpenditure) for the year. Transaction costs are expensed as incurred.
1.9 Impairment of non-current assets
At each reporting end date, the Charity reviews the carrying amounts of ils tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such Ind￿ation
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
12-

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢countlng pollcles
(Continued)
1.11 Financial Instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial inslrumenls are recognised in the Charity's balance sheet when the Charity becomes party lo the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the a5sel and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried al amortised c05t
using the effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of interesl.
Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including trade and other payables and bank loans are initially recognised at
transaction price unless the arrangement conslitutes a financing Iransaclion, where the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest. Financial
liabilities classified as payable within one year are not amortised.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at
transaction price and subsequently measured at arnortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or
cancelled.
Critical accounting estimates and judgements
In the application of the Charity's accounting policies, the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revlsion and future periods where the revision affects both current and future
periods.

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Donations and legacies
Unrestricted Restricted
fund5
funds
Total Unrestrlcted Restricted
funds
funds
Total
2024
2024
2024
2023
2023
2023
Donations and gifts
149,059
77,987
227,026
168,748
77,754
246,502
Donations and gifts
Loose collections
Donations and gifts
Gift Aid
Legacies and bequest
126,658
200
21,512
689
27,534
38,244
12.189
154,192
38,444
33,701
689
133,142
8,140
24,791
2,675
20,061
46,843
10,765
85
153,203
54,983
35,556
2,760
149,059
77,967
227,026
168,748
77,754
246,502
Income from other trading activities
Unrestricted Restrlcted
funds
funds
2024
2024
Total Unrestricted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Church events, sale of
books/CDslDVDslchurch
magazines and New
Beginnings shop
666
47,029
47,695
1,207
42,269
43,476
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PORTRUSH PRESBYTERIAN CHURCH
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Chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Other income
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Other Income
4,150
4.150
580
400
980
Expenditure on raising funds
Unrestrlctod Unrestricted
funds
funds
2024
2023
FWO envelopes
628
709
Expendlture on charitable activities
2024
2023
Dlrect costs
General Assembly assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donations to missions and charities
14,383
1,070
49,874
131,575
36,091
13,514
889
85,629
139,176
41,140
232,993
280,348
Share of support and governance costs (note 9)
Governance
2,743
4,098
235,736
284,446
Analysis by fund
Unrestricted funds
Restricted funds
102,056
133,680
150,805
133,641
235,736
284,446
16-

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs allocated to activlties
Governance
costs
2024
Total
2023
Basis of allocation
Governance
2,743
4,098
2024
2023
Governance costs Gomprlse:
Annual reports
Accountancy
Professional fees
Advertising, prinling, stationery and postage
Bank interest and charges
118
840
1,045
1,503
592
840
410
894
599
2,743
4,098
10 Trustees
One of the Trustees, the minister of the congregation received remuneration of £0 (2023.. £31.339) and
expenses of £012023. £500) for acting in that capacity. Pension contribution of £O(2023- £7,522) were paicl
by the congregation in respect of the minster to the Presbyterian Church in Ireland Pension Scheme (20091.
None of the other trustees received any remuneration.
Several Trustees, and their related parties were reimbursed a total of £1 ,885 expenses paid on behalf of the
church (2023 £7,934)
11 Employees
The average monlhly number of employees during the year was..
2024
Number
2023
Number
There were no employees whose annual remuneration was more than £60,000.
12 Other
Total Endowment
funds
general
2023
2024
Other expenditure
350
350
17-

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Other
{Continuedl
13 Net gainslllossesl on investments
Restricted Endowment
funds
funds
general
2024
Total Restricted Endowment
funds
funds
general
2023
Total
2024
2024
2023
2023
Revaluation of
investments
Revaluation of
investment properties
2,189
3.476
5,665
3,842
6,101
9,943
{65,162)
(65,1621
2,189
3,476
5,665
{61,320)
6,101
(55,219}
14 Taxation
The charity is exempt from lax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
15 Propertyj plant and equlpment
Freehold land Fixtures and
and bulldings
fittings
CDmputers
Total
Cost
Al 1 January 2024
7,064,254
19,464
2,309 7,086,027
At 31 December 2024
7,064.254
19,464
2,309 7,086,027
Depreciation and impairment
At 1 January 2024
19,464
2,309
21,773
At 31 December 2024
19,464
2,309
21,773
Carrying amount
At 31 December 2024
7,064,254
7,064,254
At 31 December 2023
7,064,254
7,064,254
16 Investment property
2024
Fair value
At 1 January 2024 and 31 December 2024
158,697
18-

PORTRUSH PRESBYTERIAN CHURCH
ids.
chortered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Investment property
(Continued)
The investment property is no. 14 Mark Street, Portrush. It was previously the church caretaker's house, but
was let on an arms, length basis in 2018 and was reclassified as an investment propety ll the year ended 31
December 2018. The property Was revalued in January 2024 by R Davis & Company.
17 Flxed asset investments
Llsted
investments
Cost or valuation
At 1 January 2024
Valuation changes
119,809
5,664
Al 31 December 2024
125,473
Carrying amount
At 31 December 2024
125,473
At 31 December 2023
119,809
18 Trade and other receivables
2024
2023
Amounts falling due within one year..
other receivables
Prepayments and accrued income
4,548
392
4,835
560
4,940
5,395
19 Current liabilities
2024
2023
Other taxation and social security
Accruals and deferred income
407
500
305
500
907
805
19-

PORTRUSH PRESBYTERIAN CHURCH
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted Endowment
funds
fund5
2024
2024
Total
2024
At 31 December 2024:
Property, plant and equipment
Investment properties
Investmen15
Current asselsl{liabilities)
7,064,254
158,697
48,486
170,291
7,064,254
158,697
125,473
293,057
76,987
8,408
114,358
114,358
7,441,728
85,395
7,641,481
Un restrlcted
funds
2023
Restricted Endowment
funds
funds
2023
2023
Total
2023
At 31 December 2023:
Property, plant and equipment
Investment properties
Investments
Current assetsllliabilities}
7.064,254
158,697
46,298
162,600
7,064,254
158,697
119,809
234,011
73,511
6,913
64.498
64,498
7,431,849
BO,424
7,576,771
-20-