an FIRST AHOGHILL CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND STATEMEKf OF FINANCIAL AcfiviTY For the year ended 31 December 2024 Note Unrestrlcted Funds Restrlcted Funds Total Funds 2024 Totsl Funds 2023 Income and Endowments from: Donatlons and le8acies Charitable a¢tivities Other trading activities Investments Other Total 170,464 3.795 48 49 175,377 6.619 345,841 10.414 48 121 4,072 360,496 309,042 14,879 45 290 3,850 328,106 72 4.072 186,140 174.356 Expndltur on: Ralslng funds charltable activitles Other Tot•1 {i.iioi 1176,4441 ii.iioi 1300,8931 16,8961 13080991 51,597 11,0701 1253,3551 111,2931 1265,718) 62,388 1124,4491 16.8961 1131,3451 54,795 2,1771 52,618 (177.554) {3.1981 2,177 (1,021) Net Incomellexpenditurel Transfers between funds Net movement In funds 51,S97 62,388 Reconclllatlon of funds: Total funds brought forward Total funds carrled forward 16.114 15,093 3,403,256 3,455,874 3,419,370 3,470,967 3,356,982 3,419,370
an FIRST AHOGHIiL CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND BALANCE SHEET As at 31 Deternber 2024 Note Unrestrirted Funds Restricted Fund$ Total Funds 2024 Total Funds 2023 Flxed Assets Tanglble assets Total flxed assets 12 790 790 3.630,140 3,630,140 3.630,930 3,630,930 3,645,477 3,645,477 Current Assets Debtors Cash at bank and in hand Total current assets 13 14 5.729 10,014 15.743 7,436 87,988 95,424 13,165 98,002 111.167 5.753 243,915 249,668 Current LSabllitles Creditors: amounts fallin8 due withln one year 15 11.4401 159,6901 161,1301 1250,7751 Net Current Assets 14303 35.734 50,037 11,1071 Total Assets less Llabillties 15K193 3,665,874 3.680,967 3,644,370 Credltors: amounts falllng due after more than one year 16 (210,LoI 1210,0001 1225.0001 Net As$ets 15,093 3AS5074 3,470,967 3,419,370 Funds of the charlty Unrestrlcted Funds Restricted Funds Total funds of the charlty 17 17 15,093 15.093 3,455,874 3,470,967 16,114 3,403,256 3,419,370 3,455,874 3A55,874 15,093 Approved by the Kirk Session at a meeting 17 June 2025 and slqned on Its behalf by Rev Mark Neil Robert M Trustee Trustee
an FIRST AHOGHILL CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREiAND NOTES TO THE ACCOUNTS 31 December 2024 Accountlft8 pollde$ BASIS OF FINANCIAL STATEMENTS The financlal statements have beet) prepared Sn accordance with applicable accountlng stsndards. While compllance with Statement of Recommended Practice Accounting and Reportlng by Charities IFRS1021 is not mandatory account of the guidance contslned therein has been taken In the preparation of these accounts. The flnancial statÈments have been prepared under the hlstorlcal cost conventkin except for investment assets, which ore shown at market value. The financial statements include all transactions, assets. and liabilities for whlch the congregation is responslble in law. They do not include the account5 of church 8roup5 that owe thelr affiliation to another body, nor those that are inforrnal gatherings of church members. FUND ACCOUNnNG Endowment funds are funds. the capftal of whith must be retalned either permanently or at the con8regatlon's discretion: thÈ income derfved frorn the endowment is to be used either as restrlcted or unrestritted income funds depending upon the purpose for whlch the endowment was established In the flrst place. Restricted funds comprlse lal incorne from endowments whlch Is to be expended only on the restrlcted purposes Intended by the dortor and Ibl revenue donations or grants for a speciflc con8re8atlonal artlvlty Intended by the donor. Where these funds have unspent bèlances, Interest on their pooled Investment is apportioned to the Indlvldual funds on an average basls. Unrestricted funds are income funds whlch are to be spent on the con8re8atlon's general purposes. Deslgnated funds are general funds set aslde by the con8regation for use in the future. INCOMING RESOURCES Reco8nltlon of Incomln8 resources These are included In the Ststement of Flnanclal Actfvltles1SoFA) when: The congregatlon becomes entitled to the resources; The trustees are virtually certain they will recefve the resources: and The monetary value can be measured with sufficlent reliably. Incomln8 resources wlth related expenditure Where incomiftg resources have related expendItU las with fundrallng Income) the incoming resources and related expenditure are reporte(i gross in the SOFA. Grants and donatlons Grants and donations arÈ only Included In the SOFA when the congre6atlon has uncondltional entltlement to the re50urce5. Tax reclalms on donations and glfts Incomin8 resources from tax reclaims are Included In the SOFA at the same tlme as the glft to whlch they relate. Contrartual Income and performance related gTrnts Thls Is only included in the SOFA once the related goods or SerVeS have been delivered. Gifts In klnd Glfts In klnd are attounted for at a reasonablÈ Èstimate of their value to the charity or the amount artually realised. Gifts in klnd for sale or di5tributlon are Included in the accounts a5 8ifts only vthen sold or distributed by the charlty. Glfts in klnd for use by the charlty are Included in the SOFA as Incoming resources when receivable. io
an FIRST AHOGHILL CONGREGATION OF THE PRESBYfERIAN CHURCH IN IAELAND NOTES TO THE ACCOUNTS {conVdJ 31 Dernber 2024 Donated service5 and facllftles These are only included in Incoming re50urce5 Iwtth an equivalent amount in resources expended) where the benefit to the charity is Os0nabFY quantifiable. rnea5urable, and material. Tr value placed on these resources is the estimated value to the charlty of the service or facility received. Volunteer help The value of any voluntary help received Is not Included in the accounts but Is described in the trustee< annual report. InvÈstment Income Thls Is Included in the accounts when receivable. Investment gains and losses This includes any galn or loss on the sale of Investments and any galn or loss resuftlng from revaluln8 investments to market value at the end of the year. EXPENDITURE AND IIABIIITIES Liability r•co8nltlon Llabllltles are recognised as soon as there Is a le8al or con5trurtlve obllgatlon commbttin8 the con8re8atlon to pay out resources, Governan costs These include costs of the preparation and examlnatlon of ststutory accounts, the costs of trustee meetlngs and cost of any legal advlce to trustees on governano or con5titutlonal matters. Grant$ with performance condltlons Where the charlty glves a grart with ¢ondition5 for Its payment belng a speclflc level of service or output to be provlded, such gr3nts are only recognlsed In the SOFA once the recipient of the grant ha5 provlded the 5peclfled servlce or output. Grants payable wlthout performanc• condltlons These are only recognised In the accounts when a commltment has been made and there are no condition5 to be met relatlng to the grant whl¢h remain in the control of the charity. Support COSts Support costs include central funrtlons and have been allocated to actlvltycost categorles on a basis consistent with the use of resources, e.g., allocating property cots by floor aa$. or per capits. staff costs by the tlme spent and other costs by their usage. A55ETS Tanglble Flxed Assets Tanglble flxed assets for use by charity. These are capttalised If they can be used for more than one year, and cost at least £5,000. They are valued at cost or, If gifted, at the value to the charity on recelpt. Details of hlstorical costs of the bLsildings is not available. All buildings have been included in the balance sheet at valuatlDn. No depreciation ha5 been provided on these assets as the Current estlmated resldual value Is not less than the carrying value nd the remaining useful life exceeds 50 years. 11
an FIRST AHOGHILL CONGREGATION OF THE PRES8YtERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {ConVd) DONATIONS AND LEGACIES Unrestri¢ted Funds Restricted Funds Total Funds 2024 Totsl Funds 2023 Recorded giving Loose collectlons Oonations and gifts Glft Aid Legacies and bequest 142.098 9.871 497 17,998 134,198 5,770 15,009 20,41Y) 276,296 15.641 15,506 38,398 251,768 12,088 8,959 36.227 170864 175.377 345,841 309,042 CHARITABLE ACTIVITIES Unrestrlrted Funds Restiltted Funds Total Funds 2024 Total Funds 2023 Income from charltable actbvities Income from publlcatlons 3,675 120 S,522 1,097 6,619 9,197 1,217 IOA14 12,895 1,984 14,879 3.795 OTHER TRADING ACTIVITIES Unrestrlcted Funds Restrkted Funds Total Funds 2024 Total Funds 2023 Rentsl Income 48 45 45 INVESTMENT INCOME Unrestrlcted Funds R•strlcted Funds Total Funds 2024 Total Funds 2023 Interest recelved 49 49 72 72 121 290 290 121 OTHER INCOME Unrestrlcted Funds Restrirted Fund5 Total Funds 2024 Total Fund5 2023 Miscellaneous income Grant Income 320 3.530 3,850 4.072 4,072 4,072 4,072 12
an FIRST AHOGHILL CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Cont'd) RA151NG FUNDS Unre5trirted Funds Restrlcted Funds Total Funds 2024 Total Funds 2023 Envelopes I,iio i.iio i.iio I,iio 1.070 1,070 CHARITABLE ACTivrrES Unrestrlrted Funds RÈstrlcted Funds Total Funds 2024 Total Funds 2023 General A55embly Assessments Presbytery fees Mlnlstry and support staff costs Congregatlonal running expenses Donations to Mlsslons and tharities Governance costs Events and caterlng expenses Stationery and teachlng materials 16,152 623 113,349 29,967 350 1.680 8,618 5.705 176.444 16,152 623 113,349 117,273 37,286 1,753 8,752 S.705 300,893 14,804 667 103,227 74,264 42,136 1,509 9,185 7,563 253,355 87,306 36.936 73 134 124A49 OTHER EXPENDITURE Unrestrlcted Fund5 Restrlrted Funds Total Funds 2024 Totsl Funds 2023 Loan Interest 6,896 6,896 6,896 6,896 11,293 11,293 13
an FIRST AHOGHILL CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (Cont'd) 10. EMPLOYEES Employment tosts 2024 2023 Wages and Salarle5 Social Securlty Costs Pension contrlbutlons 32,984 29,334 766 681 Number of employees The average number of employees durin8 the year was 2024 No 2023 No Avefage numberofemployees There were no employees In recelpt ot employee beneflts In excess of £60,000. The minister of the con8regatlon Ss employed by the PresbytÈrlan Church in Ireland which is a separate charity which has not been reflected In the employee costs above. The congregation pays an assessment to the Presbyterian Church In Ireland for the minister. Ther followlng payments were made during the year: 2024 2023 Wages and Salarles Soclal Security Costs Penslon contrlbutions 44,100 5,801 10.584 42,000 5,534 10,080 11. PENSION COSTS The mlnlster of the congre8ation is a member of the Pre5byterlan Church In Ireland Pension Scheme {20091. Th1515 scheme operated by the Presbyterian Chljrch In IrelarNI, a separate re8lstered charity. The congregatlon pays an a5se5sment to the Presbyterian Church In Ireland equlvalent to the employerf5 pension contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church In Ireland Pension Scheme120091 is a funded Scheme of the deflned benefit type, providing defined benefits based on career average revèlued salary. ThÈ Scheme has assets held In a sepaiately administered fund managed by a board of Trustees. The Presbyterlan Church and the scheme Trustee5 have agreed a fynding plan to ensuie the Scheme is sufflciently funded to meet current and future obli8ations. A formal schedule of contribution5 was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contrlbutlons of 24% of pensionable salarles to cover the accrual of benefits for future service, expenses, the cost of InsurlnE death in service beneflts and fundlng the scheme deflcit. The contributlons made by the congregation duringthe year were: Total Fund5 2024 Total Funds 2023 Contributions 10,584 10,080 14
an FIRsf AHOGHILL CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNT5 {ConVd) 12. TANGIBLE FIXED ASSETS Land and Bulldin2S Equipment Total Cost or Valuation As at ljanuary 2024 Addltlons Dlsposals As at 31 Detember 2024 3,500,CK)O 221.285 3.721.285 3,500,0(XI 221,285 3,721,285 Accumulated depreclatlon As at l January 2024 Charge for the year Released on dlsposal As at 31 December 2024 75,808 14.548 75,808 14,548 90.3S6 90,356 Net book value As at 31 December 2024 3,500,000 130.9Z9 3,630,930 As at 31 December 2023 3,500,000 145,477 3.645,477 13. DEBTORS 2024 2023 Gift Ald Recoverable 13.165 13.165 5,753 5,753 14. CASH AT 8ANK AND IN HAND 2024 2023 General Account Property Account Ollve Branch Account Missionary & Outreach Account PW Account YA8 Account BB Account GBAccount First for Care Account 22,102 61,232 26,307 198,824 1,359 6,899 1,435 4,507 1.505 2.827 252 243,915 6,520 1,248 2,014 3,074 1012 98,002 15
an FIRST AHOGHILL CONGREGATION OF THE PRES8YfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNT5 {ConVd) 15. CREDITORS: AMOUNTS FAILING DUE WITHIN ONE YEAR 2024 2023 Other Credltors Accruals Bank Loan 1,018 1,440 58,672 61,130 5.007 1.940 243,828 250,775 16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Interest free loan 210,000 210.000 225,000 225,000 17. FUND BALANCES Unfestrlrted Funds 2024 2023 General fund 15,093 15,093 16,114 16,114 Restrlrted Funds 2024 2023 Property Fund Ollve Branch Misslonary & Outreach United Appeal Chlldren and orphan's soclety 3,428,IS4 3,375,582 1,359 7,575 7,524 7,703 7,729 1,4ZO 345 2.128 3.081 I14 3N55,874 1,582 4.927 1.624 2,831 252 3,403,256 YA8 BB G8 Flrst for Care 16
an FIRST AHOGHILL CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Iconvdl Reeonciliatlon of M0ment offunds Opening balan Income Expendlture Transfer Closlng balance Unrestrlrted Funds Maln Fund 16.114 16.114 174,356 174.356 (177,5541 1177,554) 2,177 2,177 15,093 15,093 Restrlcted Funds Property Fund Olfve 8ranch Mission & Outreach Unlted Appeal Chlldren & Orphans pw YAB BB GB Flrst for Care 3.375.582 1.359 7,575 7.524 121.874 629 27.725 10.429 1,018 6,819 5,323 4.175 5.630 2,518 186.140 {69.3021 11,0661 {26.3421 {10,2241 11,0181 (6,9811 16,4051 (3,6711 {S,3801 1956) 1131.345) 3,428,154 19221 11.2551 7,703 7.729 1,582 4.927 1,624 2,831 252 1,420 3,84S 2,128 3,081 1,814 3N55,874 3A03,256 {2,177) Total 3A19,370 360A96 1308.899) 3,470,967 18. Related Party Transartlons Rev Mark Nelllyls a Trustee and recelved remuneratlon of £44.100 (2023: £42.0001 and pen51on contrlbutlons of £10,584 12023.. £10,080) through PCI wlth £IO,81712023- £9,222) expenses beln8 paid by the church. 17