ids. Charity Registration No: NIC105586 chortered occountants PORTRUSH PRESBYTERIAN CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 IDS Chartered Accountants LLP 23125 Qugen Street COLERAINE Co Londondarry 8T52 1 BG
PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants CONTENTS Poge Legal and adminislralivo informats'on Trustees. report Independent examiner's report Statement of financial activities Slalement of financial posillon Not88 lo ihe financial statements 10-18
PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants LEGAL AND ADMINISTRATIVE INFORMATION Trusteès Mr 8 G H Simpson Mr R S Med¢all Mr SA Mccartney Mr W A DurTrcan MrWRDunn Professor J H Gillespie Mrw C Harpur Mr S Medcalf Mr D McMill8n Mr W S Peake Mr S P Vandewer IAr R Scott Rev D LeaGh (Appointed 2 May 20251 Prlnclpal address 3= 16 House 3 Main Street PORTRUSH Co Anlrim BT56 88L Independent examiner IOS Charted Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1BG 8ankBrs Danske Bank 22 The Diamond COLERAINE Co Londonderry BT52 1DE Solicitors Anderson Gillan Barr Ltd Solicitor5 41 N8w Row COLERAINE Co Londonderry BT52 1AE
PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their annual report and financial slalefflents for the year ended 31 December 2025. The financial slalemenls have been prepared in accordance with thè accoLEnling policiès sél out in note 1 to Ihe financial slalemenls and comply with the Charity's governing document, the Charities Act (Northem Ireland) 2008, FRS 102 The Financial Reportillg Standard applicable in the UK and Republic ol Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Slalemenl of Recommended Pracliee applicable lo charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Oble¢tivès and activitie$ Portrush Presbyterian Church is 3 congregation of the Prgsbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body ol Chrisl, is grounded in the Scriplures. and exists to1ove 8nd honour God through faith in His Son and by the power ol His Spirit. and to enable her members lo play their part in fulfilling God'8 mission to our world. The Charity's mission is.. disciples of Jesus Christ. For the Glory of God to pras$nt Ihtr gospel 50 that tsthgrs will becoma true To make this rrission a reality, the Charity is committed to the only God-given means of achieving il - the Word ol God laughl and preached simply, comp8ssionalely, and faithfully. This mission guides the Charity's Vision, which is to see as many people of all ages come to a personal relatlonshlp wlth Jesus Chrlsl and grow to become Useful Active Serving members of His church. Thè congrègation nomally meats for worship every Sunday and visitors are welcorne to join. Sl prowdes a centre for worship for thè many visitors who com& to Portrush throughout the year. The Sacrament ol the Lord's Supper is observed on eight occasions during the year. All those who have been baplised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The oongwgalion holds regular Bible study meetings and prayer meetings, and has a wide range ol organisalions including.. Crèohe Sunday School Youth Felloyvship Boys. Brigade Girls, Brigade Tea and Tols Presbyttsrian Women Praise Group Choir Craft Group 8owling Club New Beginnings.. a charity shop as a community seNice Achlevement5 and performance Worshlp and prayer The congregation normally rneels for worship each Sunday a111am and 6.30pm. During the week a range of Bible study groups provides opportunities for mernbers to meet together for fellowshlp, lo study the Scriptures, and for a lime of prayer. As well as OUT regular setvices during the year we acknowlèdged God'5 gift ol new life al one Sacrament ol Baptism, gave thanks for faithful service, and sought lo Comfort those who had been bereaved during the year. Al 31 December 2025 there were 262 communicant members and 192 families connected with the congragation. The average attendance at moming worship averaged 350 from September to May and 500-600 from Juna to August. Online attendance, a fluclualing measure, varied belween 150 and 250.
PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Pastoral care Members of the congregation who are unable lo attend ¢hurch due lo sickness or age are visited on a regular basis by the rninister, elders or by one of the congregation's pastoral visitors. Video and audio recordings ol the moming service are distributed weekly lo those unable lo allend, and communion seNicès hèld. as appropriate. Since the beginning ol the pandemi¢. all in-person morning services have been live-streamed. Counselling is available for all members ol the church family, as required, and is provided by members of the Ministry team, and there is a strong emphasis on the distribution ol practic81 support lor those in need. Mlsslon and outreach Al a local level our tllission is expressed by our worship, a key element ol our expressillg our lov& for God. Our worship is therefore inclusive of age and style, allowing those whom God has so gifted lo creatively express their love by thes& gifts. We promot8 fellowship within the church and encourage each mambèr lo see hislher responslbility lo be a calalysl lor fellowship, caring, sharing, praying, encouraging, and visiting. This also challenges us as lo our responsibility lo develop fellowship with Christians outside our chLJrch. This is the basis for our outreach to tha whole local community In caring service and evangelism. not only as individuals and families. bLJt through tha activities ol the organisations listed above and below. The congregation supports the United Appeal for Mission, which is a central fund of the Pre5byterK3n Church in Ireland. This fund enables congrtsgalions lo support the wider mission and outreach of the denomination beyond what the congregation could do on ils own. The United Appeal Furid provides financial support lor mission personnel al home and overseas, as515ls congregations with the deployment of locally-based staff, enables church planting, provides grant support lor the upkeep of church premises, assists with the running costs of Union Th8ological Gollege, the church's training college for ministry students. and financially supports congregations in the areas of worship, discipl¢ship. global mission. outreach, lea¢Jership and pastoral care. There is also further giving in 5UPPOrt of a range ol olh$r rnission 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 the church. General Assembly The rninisler and one of our elders were nominated to attend the meeting ol the General Assembly of the Pre5bylerian Church in Ireland held in Assembly Buildings, Belfast, in June. Property Earfy in 2023 serious leaks in th8 pipes for the central h881ing of the church led lo thè rapla¢erYEnl of those pipes and the complete resurfacing of the rear car park. Under which the pipes were laid. This proje¢l was successfully completed in September 2023. In 2024 the repainting of and repairs lo the 3..16 building wer undertaken, and minor improvernenls made to the church halls, and the Church Manse and grounds were extensively renovated and refurbished in preparation lor the arrival of our new Minister.
PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Organisations In addition to our Sunday School, Youth Fellowship and Home Bible Study Groups, which met regu18dy throughout the year, th&re are a number ol thriving organisalions. Our branch ol Presbyterian Wornen nel monthly during winler and autumn in support of missionary and discipleship work in the church. Our Gids, Brigade Company meeis each Monday during the winter and autumn terms with, on average. iwenty-eighl aged from three lo eighteen attending. Our 6oys' Brigade Company meets each Friday, also during the winter and autumn terms, with more than twenly-seven boys of the sarne age range regulady attending. Each organisalion provides a range of activities ol games, crafts. Bible leaching, 2nd so on. Our Tea and Tots group meets every Friday morning in our halls. Eighteen children and their carers are regular attenders. These organisations attract participants frotm throughout the community, as does our 80ing Club, which meets once a week in Dur halls with betrNeen ten and fifteen regularly allending. Our craft group has a dozen members, and makes ¢raft items for dislribvlion lo those in need both al home and abroad. Rèality 3,'16, OLJr Worldviow programme, met regularly throughout the year, in High Kirk Presbyterian Church. 8allymena. with participants frorn all over the province engaging in significant study of the Christian faith in relation to the challenges of our modern world. Voluntgars The Trustees wish lo acknowledgg tt)gir deep appreciation ol the more than one hundred church members and others who give freely of their b'me by serving on committees and helping with these organisalions and other church activities. Public Beneflt statement The Presbyterian Church in Ireland meets the public benefit requirement by providing beneffl to its members and th8 g8n8ral public by making known thè Christian Gosp81 of thè Lord Josus Christ through the advancement of ligIOn. The direct benefils which ffow from the purposes of the Church indude the gaining of an understanding of Christian beliefs as set out in thé Bible and in the Church's subordinale standards Ilhe Westminster Confession of Faith and the Shorter and Larger Calechismsl lèading lo spiritual and Moral development and opportunits'es for response to Bible teaching. In turn, this framework leads lo pr8ctical expressions of Christian beliefs and standards in the local community, such as through the ¢are of those in need (including Ihe sick. disabled and bereaved). Generally, the above benefit5 are delivered locally by congregations and their members. or are facilitated through Presbyteries or are organised and delivèred centrally. Local delivery is lacililaled by central resources In almost all cases. Public access is made known through the use ol noticeboards, printed matarial. press advertistsmenl, websites, social media Dr in other ways. The benefits are demonstrated through r8gular evaluation ol ihg services and informal ar¢d atshoc feedback from members, their families, and members of the public. The purpose does not lead lo ham. The only private benefit flowing from our purpose is related lo Ministers. Missionaries, Deaconesses. Irish Mission workers and Lay Agents who receive benefits as a result ol their h&ding offi¢& or employment. However, this is incidental and essary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of Ihis purpose are members, their tsmilies, other individuals with whom the Presbyteriall Church in Ireland is in direct and indirect contact, the [MunitY in which pastoral services a provided and other communibes throughout Northern Ireland. the Republic of Ireland, and worldwide which benefit from our engagement with and support lor both Christian and other secular organisations, charities and Individu81 members of the public. The Kirk Session has had regard to the Charity Commission's public b&n8fil requirement slalulory guldance. The congregation of Portrush provides facilities for other Churches and Christian groups from lar and widg lor trips and events, and lor ¢onleren¢e facilities. The church also maintains, through Ihg gfforts of our Propety committee. the extensive Grade 2 buildings on our Main Street Portrush site, which represent some of ihe most important heritage buildings of the town and area.
PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Flnancial review The congregation's main source of income is members, contributions through thè Waekly Freewill Offering. There were 133 contributing families during the year 12024.. 1311 donating a lolal of £114,912 12024.. £108,370) The total income of the congregation during the year was £318,053 compared lo £295.407 in 2024. Total expenditure increased to £287.633 from £236,364. Going ¢oncern The activities of the congregation are dèpendenl on ongoing contributions from ils mernbers. The Trustees are of the opinion that the Congregation has sufficient resources at the dale ol approval of these financial statements lo meet commitments that will arise in the year froFn the dale ol signing this report and subject to the continuing support from members to fund on an ongoing ba51s the congregation's current aGlivilies arKI other rinancial commitments. Reserves policy The Trustees have considered the lev81 ol unrgslrict&d reservès that il is appropriate to hold laknng account of currenl and ongoing commitments. 11 is th8 policy of the Truslges lo hold al 1&8sI one monlh's norm expenditure. Al the year-end unrestricted reserves were £144,629, whi¢h represents a higher level ol reserves than required by this policy. The Trustees however. consider it prudent lo hold reserves al this level as the funding of ils present activities is dependent of the ongoing financial support of members. Rlsk r¢vlow A review ol major risks has been und8rtak8n by the Trustees, and systems and procedures implèment lo manage identified risks. The principal risks am in rèlation t(> the likelihood of repulalional dam8ge and financial risks associated with the expectation of ongoing financial support from members. These risks are mitigated by the Trustees and the Congregational Committee regulady monitoring th8 various acts'vilies of the congregation al slated meetings and by encouraging members in their regLJlar giving. Structure, governance and management The Charity is an unincorporated organisation. The Trustee5 who served during the year and up lo the date of signature of the financial statements were.. Mr B G H Sirnpson Mr R S M8d¢all Mr SAMcCartney Mr WA Duncan MrWRDunn Professor J H Gillespie Mr W C Harpur Mr S Medcalf Mr D Mcmillan Mr W S Peake Mr S P Vandevyver Mr R Scott Rev Dr J Coulter Rev D Leath IResign8d 2 May 20251 (Appointed 2 May 20251
PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The Klrk Session The charity trustees of the congregation are the mernbers ol its Kirk Session. Under the congregation's goveming document. The Code, the book ol Ihe conslitulion and government ol the Presbyterian Church in Irgland. Ihe Kirk Session seeks lo watch over and promote tha spiritual inlerest ol the con9regalion and DI persons not connected with any congregation who are within its bcjunds. It ensures pastoral care is in place in the ¢ongregats'on and seeks lo further the contribution of the Church to Christian witness and service in Ihe local community. The Kirk Session has delegated to its Congregational Committee the ternporal affairs of the ¢ongregation including administering all funds and property belonging lo th8 ¢ongregabon. MeFnbers ol the Kirk Session are ex-officio mernbers of the Collgregalional Commilleo. The Kirk Session consists of the ordained minister (currently the convenor of the vacancy) and Ihe ruling elders ol the congregation. All Mebe[S are entilled lo propose. speak and exer¢ise equal votes al meetings, except that the Moderator, the minister in acb've duly in the congregation, has no deliberabve but only a casting vole. Slated meetings of the Kirk Session are héld at lèasl fiva timès a year. To be chosen lor the offiTr of th$ eldership in the congregation a person musl be a voting member and a regular attendant on its ordinances. The selection of Ihose proposed lo be called to the office can be either by Ihe congregation or by the Kirk Sossion. Members are elected il Ihey obtain two-thirds of those who vole. Presbytery Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Pr&sbyt8ry which superintends generally the spiritual and temporal affairs of the congregations assigned to il by the General Assembly ol the Presbyterian Church in Ireland. Portrush Presbyterian Church has been assigned lo the Goleraine and Limavady Presbytery ol the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of th8 active ministers ol congregations assigned lo il by the General Assembly, ministers who have retired from active duly. and an eldor appointed by the Kirk ol S&ssion ol each congregation. Thè General Assembly The General Assernbly is thè supreme court ol the Church, repr8senting, in one body. the whole Church, and acting as ils supreme l&gislative, adminislralive and judicial authority in dealing with all mallers brought before it. The General Assefflbly is normally constituted in June for worship and to conduct ils business. Al the end ol business. il is dissolved. The membership ol Ihe General Assembly consists mainly ol the active ministers ol each congregation, retired ministers and a representative elder appointed by the Kirk Session of each congregation. Th8 Trustees, rgport was approvod by Ihe Kirk of Session and signed on its behalf by Professor J H Gillespie Truste• ev D Leach Trttstaè 15 February 2026
PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PORTRUSH PRESBYTERIAN CHURCH l port on the financial statements of the Chaiity for the year ended 31 De¢ember 2025, which are sel out on pages 81018. Respectlve responslbillties of charlty Trustees and examlner As the Charity's Trustees you are responsible lor the preparation ol the financial slalemenls in accordance with the Gharilies Act (Northern Ireland) 2008. 11 is my responsibility lo.. examine the financial slalemenls under section 85 01 the Charities Act (Northern Ireland) 2008., follow the procedures laid down in the general Oirections given by the Commission undei Section 6519llbl ol the Chaiilies Act (Northern Ifelandl 2008", and slate whether particular mallers have come lo my attention. Basis of Independent examlner's report I have examined your charity financial 51alemenls as required under section 65 01 the Charities Act INorthem Ireland) 2008 and my examination was carried out In accordance with Ihe general Directions given by the Charity Commission lor Northern Ireland under se¢lion 6519llbl ol the Charities Act. The examination included a review ol the accounting records kept by the ¢harity and 8 comparison ol the financial slatements presented wrth those records. 11 also induded consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as charity Iruslees concerning any such matters. My role is lo slate whether any material mallers have come lo my allenlion giving me Gause lo believe that.. 1. Accounting records were not kept in accordance with section 63 of the Ch8rilies Act (Northern Ireland) 2008.. or 2. The financial slaternenls do not accord with those accounting records., or 3. The financial slaleinenls do not comply wlh the accounting requirements of the Charities Act {Northern Ireland) 2008, or 4. There is further information needeil lor a proper understanding of the financial statements lo be reached. Independent examlner's statement Since the Charity's gross income exceeded £250,000, the independent examiner musl be a member of a body listed in section 55 of the Charities Act (Northern Irelandl 2008. 1 CDnfirm that l am qualified lo undertake the examination because l am a member of Chartered Accountants Ireland, which is one of the listed bodies. I have completed my examination and I have no concerns in respect ol the matteis11110141 Iisled above and, in connection with followng the Directions of the Charity Commission for Northern Ireland, I have found no mallers that require drawng lo your attention. Mrs Alison Wallace IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1BG 15 February 2026
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PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants STATEMENT OF FINANCIAL POSITION ASAT31 DECEMBER 2025 2025 2024 Notes Fixed a55ets Property. plant and equipment Investment propety Investments 15 7,064,254 158.697 120,079 7,064,254 158,697 125,473 17 7.343,030 7,348,424 Current assèts Trade and other receivables Cash al bank and in hand 18 3,861 320.515 4,940 289,024 324.376 11.2391 293.964 19071 Current liabilities 19 Net ¢urrgnt as$gt$ 323,137 293.057 Totsl as$¢t$ 1gs5 ¢urr•nt liabllltl•$ 7,666,167 7.641.481 Th8 funds of the Charty Endowment funds R8slrictad income funds Unrestricted funds 83,093 7,438,785 144,289 85,395 7,441.728 114.358 7.666.167 7,641,481 The financial statements were approved by the Truslees on 15 February 2026 Professor J H Gillespie Trustee Rev D Leach Trustèè
PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies Charity information Portrush Prtssbyterian chh is an L5nin¢orporal&d charity operating in Northern Irgland. 1.1 Basls of pr8paratlon The financial slatements have been prepared in accordance with the Charilies Act (Northern Ireland) 2008 and °Accounling and Reporting by Charities.. Slalemenl ol Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencin9 from 1 January 20161. The Charity is a Public Benefit Elllity as defined by FRS 102. The Charity has taken advantage Of the provisions in the SORP lor charities applying FRS 102 Update 8ullelin 1 not lo prepare a Slalemenl of Cash Flows. The financial statemenis are prepared in sterfing, which is Ihe functional cUrncY of the Charity. Monetary amounts in these financial slalements are rounded to Ihe nearest £. The financial statements have been prepared under the historical cost convention, modified lo include the revaluation of fehOld properties and to include investment properties and certain financia1 instrLmenls al fair valLJe. The principal accounting policies adopted are sel out below. 1.2 Golng concèrn Al the lime of approving the financial slalemenls. the Truslees have a reasonable expectation that the Charity has adequate resources lo ¢onlinuè ill operaliorial existence for the loreseeab19 future. Thus th8 Trlee$ continue lo adopt the going concern basis of accounting in preparing the financial 5talemenls. 1.3 Charitable funds Unreslricled funds are available for use al the discretion ol the Trustees in furtherance of their charitable objectives. Reslrfcled funds are subject lo specific condillons by donors or grantors as lo how they may be used. The Purposes and uses of Ihg restricted funds ar& sel out in the notes lo the financial sialemtrnts. Endowm8nl funds are subjoct to specifi¢ ¢ondilion5 by donors that the capital musl be rnainlained by Ihg Charity. 1.4 Income Incorne is recogni5ed when the Charity is legally enliled io il after any performance conditions have been mel, the amounts can be mtsasured reli8bly, and il 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 GiftAid or deeds ol Covenanl is recognised al the time of the donation. Legacies ar& recognised on rgceipl or otherwise if the Charity has been notified of an impending distribuliDn, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a onlingenl as5el. Assets for distribution a recognised only when distributed. Assets given for use by the Charity a recognised when receivable. Stocks of undistribuled donated goods are nol valued for balance sheet purposes. Revenue Is measured al the lair value of the consideralion received or receivable and represents arnounls receivable for goods and services provided in the normal course of business. nel of discounis. 10-
PORTRUSH PRESBYTERIAN CHURCH ids. ¢hartered occountant5 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies {Contlnuedl 1.S Expèndlture Liabililies are recognised as swn as there 15 a legal or constructive obligation committing the congr8galion lo pay out resources. Governallce costs are shown within charitable activities and include the costs of preparation and examination of accounts. the costs of trustee meeb'ngs and cost of any legal advi lo Iruslees on govemance or constitutional matters. 1.6 Property, plant and equipment Property. plant and equipment are initially measured al cost and subsequently measured al cost or valuation, nel ol depreGialion and any impairmènt losses. Depr&cialion is recognised so as to wrile off th& cost or valuation ol assèts lass their residual values over th8ir useful lives on the following bases.. Freehold land and buildings Fixtures and fittings Computers O°/D straight line 20¢10 51r8ight line 25Yo straight line Land and buildings are valued al market value and are subject lo regular revaluations every 3 years and, a5 such, are not depreciated. 1.7 Investment property Inveslmenl property, which is property held to earn rentals andlor for capital appreciation, is inih.ally recognised al cost, which includes th8 purchase c051 and any directly attributable expenditure. Subsequently it is measured al fair value 81 the reporting end dale. The surplus or deficit on revaluation is recognised in profit or loss. 1.8 Non-currertt Investmènts Fixed asset investments are initially measured al transaction price excluding transaction ¢osls, and are subs8quently measured at fair value at each reporting date. Changes in fair value are r8cognised in net Incomellexpendilurel for Ihe year. Transaction costs are expensed as incLJrred. 1.9 Impalmignt of non-current assets At each reporting end date, the Charily reviews the carrying amounts of ils tangible assets to delemine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the assel is esb'maled in order lo determine the extenl of e Impairment loss lif any). 1.10 Cash and cash equivalent5 Cash and Cash equivalents include ¢ash in hand, deposits held al call with banks, olher short-lemi liquid inveslmenls with original rllalurilies ol three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current Iiabililies.
PORTRUSH PRESBYTERIAN CHURCH ids. hartered accountants NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting poll¢les (Continued) 1.11 Flnanclal Instruments The Charity has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 'Olher Financial Instrumen15 Issues, of FRS 102 to all ol ils finanaal instruments. Financial instruments are recryJnised in the Charity's balance sheet wh6n thè Charily becomes party to the contractual provisions of the inslrumenl. Financial assets and liabilities are offset, with the nel amounts presented in the financial slalernenls. when there is a legally enforable right lo sel off the recognised amounts and the is an Intention lo settle on a nel basis or to realise the asset and settle the liability simultaneously. Basic financial a5Sèts Basic financial assets, which include Irdde and othgr calvables and cash and bank balances, are initially measured al transaction price including Iransaclion costs and aro subsoqueftlly carried al amortised cost using the effecb've interest method unless the arrangemenl conslitutès a f5nancing Iransaclion, where thè transaction is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets classified a5 receivable within one year are not amortised. 8asic financial liabilities Basi¢ financial liabilities, including tradè and other payables and bank loans are initially re¢ognised al transaction pri unless the arrangement conslilules a financing Iransaclion. where the debt instrumgnl is measured at the present value of the future payments discounted al a market rate ol inleresl. Financial liabilities classified as payable within one year are not amortis8d. Trade payables are obligations lo pay lor goods or services that have been acquired in thè ordinary course ol operations Irorn suppliers. Amounts payable are classified as current liabilities il payment is due within one ytsar or less. If not. they are presented as non-currenl liabilities. Trade payables are recognised initially al Iransa¢ts'on prico and subsequ?nUy measuTrd al amortised cost using the effective interest melhod. Derecognilion of financial liabilities Financial liability'es are dere¢ognise(I when the Charity's contractual obligations expire or are distharged or ¢an¢elled. Critical accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required lo make judgernenls. &slimales and assumptions about the Carrying amount of assets and liabilities that are not readily apparent Irtsm other sources. The estimates and associated assumptions are based on historical experience and other laclors that are considered lo be relevant. Actual results may differ from these estimales. The eslirnales and underlying assumptions a reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is r&vised where the revision affecis only thal period, or in the period of the revision and luluro periods where the revision affects both current and lulure Pgriods. Incom8 from donations and legaciès Unrestricted Restricted funds funds 2025 2025 Total Unrestriet•d Restricted funds fund$ 2024 2024 Total 2025 2024 Donations and gifts 172.892 71,551 244,443 149,059 77,967 227,026 12
PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income from donations and legacie5 {Contlnuedl Unrestricted Restricted funds funds 2025 2025 Total Unrèslricttd R85tricted funds funds 2024 2024 Total 2025 2024 Donatlons and glfts Loose collections Donations and gift5 Gift Aid Legacies and bequest 139,889 900 23,307 8,796 25.217 34,995 11.339 165,106 35,895 34,646 8,796 126,658 200 21,512 689 27,534 38,244 12.189 154,192 38,444 33,701 689 172,892 71.551 244,443 149,059 77,967 227,026 In¢om¥ from oth¢r trading a¢tivltles Unrestricted Reslrlctad funds funds 2025 2025 Total Unrèstrletad Restricted funds fund5 2024 2024 Total 2025 2024 Church events, sale of bookslCDslDVDslchurch magazines and New Beginnings shop 344 41.750 42,094 666 47,029 47,695 Income from investments Unrestricted Restricted funds funds 2025 2025 Total Unr&$trlct•d Ro$tricted funds fund5 2024 2024 Total 2025 2024 Renial in¢om8 Interest receivablo 1,434 3,561 18,390 456 19,824 4,017 500 3,329 11,794 913 12,294 4,242 4,995 18,846 23,841 3,829 12,707 16,536 Other Sncome Unrestricted Restricted funds funds 202S 2025 Total Unrgstrlctèd Restricted funds fund5 2024 2024 Total 2025 2024 Other Income 140 7,535 7,675 4,150 4,150 13
PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Expendlturg on ralslng funds Unrestricted Unrestricted funds funds 2025 2024 Fundralslng and publlclty FWO envelopes 650 628 Expenditure on charitable activities Governance Governancè costs costs 2025 2024 Dlract costs General Assembly assessments Presbyiery lees Ministry and supwjrt staff costs Congregational running expenses Donations lo missions and charities 13.708 912 77,033 140.874 50,602 14,383 1,070 49,874 131.575 36.091 283,129 232,993 Shar8 of support and govèrnance costs Is88 note 91 Governance 4.194 2,743 287.323 235,736 Analy5rs by fund Unroslricted ILJnds Restricled funds Endowment funds 146,676 139,997 650 102.056 133,680 287,323 235,736 Support costs allocated to activities Governance costs 2025 Total 2024 Goveman¢e 4,194 2,743 14
PORTRUSH PRESBYTERIAN CHURCH ids. Chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2025 Support costs allocated to a¢tlvltles Icontlnuedl 2025 2024 Gov¥rnance c0515 comprise- Accountancy Legal and professional Annual reports Training Advertising, printing. stationery and postage Bank interest and charges 1.180 357 110 475 1,507 565 840 410 894 599 4,194 2.743 10 Nat movernent In funds 2025 2024 Th6 nel movement in funds is stated after chargingllcredilingl.. Fees payable lor the independ8nl examination ol the charity's financAal stalemenls 840 11 Trustees One of the Trustees, the minister of the congregation received remuneration of £28.863 12024.. £nill and expenses of £5,36412024.' £nill lor acting in that capacity. Pension contributs'on ol £5.051 12024.. £nill wer8 paid by the congregation in respect ol the minster lo the Presbyterian Church in Ireland Pension Scheme 120091. None ol the other Iruslees received any retnuneration. Two Truslees. were reimbursed a total of £2.197 expenses paid on behalf ol the chur¢h12024.. £1,885}. 12 Employees The averaga monthly number ol efflployeÈs during the year was.. 2025 Numbor 2024 Numb•r There were no employees whos& annual remunernlion was more than £60,000. 13 Galns and losses on invgstments Restricted Endowment funds funds 2025 2025 Total R8strlcted Endowment fund5 funds 2024 2024 Total 2025 2024 Gainslllossesl arising on.. Revaluation of inveslrnents 12,0841 13,3101 15.3941 2.189 3,476 5,665 15
PORTRUSH PRESBYTERIAN CHURCH ids. hortered occountonts NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Taxation The charity is exempl from lax on income and gains falling withiri section 505 01 the Taxes Act 1988 or section 252 of the Taxats'on of Chargeable Gains Act 1992 to the exlenl that these are applied lo its charitable objects. 15 Property, plant and èqulpmont Frèehold land Fixturès and and bullding$ flttlngs Computers Total Cost Al 1 January 2025 7,064.254 19,464 2.309 7.086.L127 At 31 December 2025 7,064,254 19,464 2,309 7,086,027 Dèprèciation and impairrnenl Al 1 January 2025 19.464 2,309 21,773 Al 31 December 2025 19,464 2.309 21,773 Carrylng amount At 31 December 2025 7,064,254 7,064,254 Al 31 December 2024 7,064,254 7,064,254 16 Investment propérty 2025 Fair value At 1 January 2025 and 31 Decernber 2025 158,697 The investment property is no. 14 Mark Street. Portrush. 11 was previously th& Church caretaker's house, but was lel on an arm5, length basis in 2018 and was reclassified as an investment property in the year ended 31 December 2018. The property was revalued in January 2024 by R Davis & Company. 16
PORTRUSH PRESBYTERIAN CHURCH ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 17 Flxed asset investments List&d investments Cost or valuation Al 1 January 2025 ValLJab'on changes 125,473 15,3941 Al 31 December 2025 120,079 Carrying amount At 31 Decembér 2025 120,079 Al 31 December 2024 125,473 18 Trade and other recelvables 2025 2024 Amounts falllng duo wlthln one year.. Olhei receivables Prepayments and accrued incorne 3,214 647 4.548 392 3,861 4,940 19 Current liabilities 2025 2024 Other laxalion 2nd social se¢urily Accruals and deferred income 399 407 500 1,239 907 20 Analysls of net assets tsetween funds Unrestricted funds 2025 Restricted Endowment funds fynd5 2025 2025 Total 2025 At 31 Dècomber 2025.. Property, plant and equipment Investment prop8rties Investrnen15 Currenl assetsllliabilitiesl 7.064,254 158.697 46.402 169,432 7,064,254 158.697 120.079 323,137 73.677 9,416 144,289 144,289 7,438,785 83,093 7,666,167 17-
PORTRUSH PRESBYTERIAN CHURCH ids. hartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 20 Analysis of net assets betwèan funds Icontlnuodl Unrg$tricted funds 2024 Restricted Endowmènt funds funds 2024 2024 Total 2024 At 31 December 2024: Property, plant equipment Inveslrnenl properties Investments Currenl asselsllliabililiesl 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 7.441,72B 85.395 7,641,481 21 Rélated party transactions There were no disclosable related party Iransaclions during the year12024 - non&l. 18-