## **Glendermott Presbyterian Church a congregation of the Presbyterian Church in Ireland** 

**Trustees Annual Report and Financial Statements for the year ended 31 December 2025** 

**Registered with the Charity Commission for Northern Ireland NIC105661** 

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## **TRUSTEES ANNUAL REPORT** 

The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2025 including a Balance Sheet as at that date. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

Glendermott Presbyterian congregation of the Presbyterian Church in Ireland Church Road Londonderry BT47 3QQ 

Registered Charity in Northern Ireland **(NIC105661)** 

## **CHARITY TRUSTEES** 

The Charity Trustees who served during the year or who were trustees at the date of this report were 

Rev. Stephen Hibbert (Chair)       Mr. David Devine Mr. Ronald Taylor Mr. Derek Allen                              Mr. Raymond Mr. Mark Thompson Dunlop Mr. George Walker Mr. David Allen                               Mr. David Glenn Mrs Fiona Walker Mr David Campbell                        Mr. Willis Lynch Mrs. Joanna Walker Mrs. Avril Chambers                      Mr.Stephen Neely Mr. Billy Willis Mr. David Chambers Mr. Sam Young Dr. Norman Chestnutt 

## **PRINCIPAL OFFICE BEARERS** 

Minister Clerk of Session Treasurer 

Rev. Stephen Hibbert Mr. George Walker Mrs. Julie Hay 

## **INDEPENDENT EXAMINER** 

R.A.McCorkell, BSc, (Hons), FCCA 

41a Clooney Terrace, Waterside, Londonderry, BT47 6AP 

## **BANKERS** 

**Danske Bank** 27 Glenshane Road, Londonderry, BT47 2LN **Progressive Building Society** 3 Millennium Forum, Newmarket Street, Londonderry BT48 6EB **Ulster Bank** 29 Clooney Terrace, Waterside Roundabout, Londonderry, BT47 1AS **AIB** Meadowbank, Strand Road, Londonderry, BT48 7TN **SOLICITORS** RG Connell & Sons Solicitors Ltd 13 Main Street, Limavady, Co. Londonderry, BT49 0EP 

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## **TRUSTEES ANNUAL REPORT (cont’d)** 

## **STRUCTURE AND MANAGEMENT** 

## **The Kirk Session** 

The charity trustees of the congregation are the members of its 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. It ensures 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 Sessions 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 and the ruling elders of the congregations. All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the ministers in active duty in the congregation, has no deliberative but only a casting vote. 

Stated meetings of the Kirk session are held at least twice in each year or as appropriate. 

To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular attendant on its ordinances.  The selection of those proposed to be called to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote. 

## **Presbytery** 

Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Glendermott Presbyterian Church has been assigned to the Derry & Donegal Presbytery of the Presbyterian Church in Ireland.  The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk 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 its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week 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 minsters and a representative elder appointed by the Kirk Session of each congregation. 

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## **TRUSTEES ANNUAL REPORT (cont’d)** 

## **DESCRIPTION AND PURPOSE** 

Glendermott Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed 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 members to play their part in fulfilling God’s mission to our world. 

The charitable purpose of the congregation is the advancement of religion. 

The congregation’s mission purposes is by the grace of God, to help people of all ages become fully devoted followers of Jesus Christ. Our vision is, by the grace of God, to be an inclusive, welcoming community of Christ’s people of all ages, which: 

- is increasingly characterised by love for God, and love and concern for others; 

- is committed to the historic Christian gospel as revealed in the Bible; 

- is relevant to people of this time and place. 

The congregation aims to live out its Mission and Vision as a family of God’s people by being: 

- A Covenant Community: where our relationships are rooted in the promises of God by living faithfully toward him and toward one another 

- An Intergenerational Community: where adults intentionally take the lead to engage with, encourage and nurture younger members to maturity in Christ. 

- An Outward looking Community: where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bounds of our community. 

- As a congregation of the Presbyterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechisms set out what we understand the Bible teaches on key matters of Christian faith and practice. 

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## **TRUSTEES ANNUAL REPORT (cont’d)** 

## **ACTIVITIES AND OBJECTIVES** 

The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is observed on several occasions during the year and all those who have been baptised and who 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 has a wide range of organisations including 

- Sunday School 

- Youth Club 

- Mothers and Toddlers 

- Bowling Club 

- Boys Brigade 

- Girls Brigade 

- Kurling Club 

- Midweek Bible Study 

- Praise Band 

## **ACHIEVEMENTS AND PERFORMANCE** 

## **Worship and prayer** 

The congregation normally meets for worship each Sunday at 11.30am. On Wednesday evenings the Bible Study provides an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer. 

As well as our regular services during the year we acknowledged God’s gift of new life at four Sacraments of Baptism, we conducted one marriage service and gave thanks for faithful services and sought to comfort those who had been bereaved during the year. 

The Communion Roll was updated during 2025 and as at 31 December 2025 there were 302 communicant members and 465 of families connected with the congregation. 

The average week attendance at morning worship during the year was 180. 

## **Pastoral care** 

Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister, or elders. 

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## **TRUSTEES ANNUAL REPORT (cont’d)** 

## **Mission and outreach** 

At a local level the congregation the congregation continues to share the truth of God’s word to all and support home and overseas mission by means of the United Appeal with each contributing family being furnished with envelopes. 

The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church’s training college for ministry students, and financially supports congregation in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. 

The congregation also contributes to the denominations annual World Development Appeal, Sunday Schools’ project and any other special appeals. 

## **Presbytery** 

The congregation was represented at the regular meetings of Presbytery by our minister and one of the elders. This provides an important link between the congregations and the wider structures of the 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** 

Major refurbishment works on the Church building commenced in late 2019 and completed with a handover of the Church by the contractor in December 2020. The overall costs of the project were finalised during 2024. 

## **Organisations** 

## **Parents and Toddlers** 

Parent and Toddler’s meet on a Wednesday from 10am to 11.30am. They have an average attendance of 25 children with their parent/ carer. The children enjoyed the fun of playing with the toys, arts and crafts and a sing song along while the parent/ carer enjoyed a well, earned cup of tea. 

## **Boys Brigade** 

In 2025, we registered 38 Anchor Boys, marking a year notable for continued growth and strong engagement. We were delighted to welcome many new boys who joined us each Thursday evening for games, crafts and Bible lessons, learning about how God wants them to be. It has been encouraging to see the section flourish as friendships have grown and confidence has developed. 

We sent teams to both the Battalion Games and the Bible Quiz competitions, where the boys enjoyed healthy competition with BB companies from across the local area.These events provided valuable opportunities to build teamwork, resilience and fellowship within the wider Boys’ Brigade community, 

This year we had 15 boys in Junior Section. The scripture this year focused on the Boys’ Brigade and the objectives of it. The boys learned about obedience, discipline and the importance of advancing Christ’s 

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kingdom to all people. We attended competitions throughout the year including the 5-aside football and Quiz Kids, we came 3[rd] . We had a visit from the Loughs Agency where we learned about the local fish and bugs species and how to prevent pollution. 

Our Company and Senior Section have enjoyed a highly successful and rewarding year, registering 22 boys. During Term 1 we delivered weekly badge classes designed to equip our young people with valuable transversal skills, including citizenship, teamwork and problem solving. These sessions provided practical opportunities for personal growth while encouraging responsibility, collaboration and confidence. 

A particular highlight of the year was an evening when our Senior boys took on a mentoring role, teaching the younger members how to make their own pizzas, followed by an enjoyable time on the inflatables. This was a wonderful example of leadership in action, fostering encouragement, teamwork and positive role modelling within the Company. 

We also participated in several Battalion competitions, demonstrating commitment, skill and determination throughout. These efforts culminated in the honour of being awarded the Shearer Shield as overall winners- a moment of immense pride for all our boys and leaders and a testament to their hard work and dedication. Looking ahead, our forthcoming Annual Display will give parents the opportunity to see first-hand the physical skills developed throughout the year, including vaulting and mat work. This will showcase the progress, discipline and enthusiasm of our members and celebrate another successful year within the company. We wish to express our sincere gratitude to our 16 dedicated officers and leaders who faithfully give their time each week to support and guide the boys. Their commitment ensures that our members continue to grow in Christ and experience all that The Boys’ Brigade offers. 

## **Girls Brigade** 

Girls Brigade, met on a Monday night from 6.30pm to 8pm from September to March covering all four sections. Thankfully our numbers have increased this year with the return of some of our girls and a few new ones starting. We started off with approximately 70 and have been increasing. As GB continued we were able to cover all elements of our badgework, scripture, crafts, baking, quizzes, circuits and games. We were also able to partake in District events GB Carol Service, District games then finishing off with our District parade. We will finish this session with our annual display and prize giving. Our prayer for the next session will be the safety of all our members over the summer period and that we will welcome new members in the new session whilst we continue to uphold our motto to Seek, Serve and Follow Christ. 

## **Bowls** 

Bowls usually meet on a Wednesday night from 7pm to 10pm from September to April. All participants enjoyed the experience of participating in the indoor bowls. 

## **Youth Club** 

Youth club meet on a Friday night from 7.30pm to 10pm with an average attendance of 25. Fun and games is enjoyed by all and there is an opportunity each night for leaders to share an epilogue with the young people present. 

## **Sunday School** 

Sunday School, meet every Sunday morning from 10.15am to 11.15am from September to June. We are delighted to welcome 95 children each week to focus on age-appropriate teachings from the Bible. Sessions combine storytelling and music, encouraging children to build on foundational beliefs that prepare them for future church membership. 

## **Presbyterian Women’s (PW)** 

The Presbyterian Women’s (PW) Group at Glendermott Presbyterian Church plays a vital role in fostering community, spiritual growth, and service within the Congregation. Meeting on the first Monday of each month from September to April, this group of approximately 40 women provides a supportive environment where women can come together to share their faith, engage in meaningful discussions, and participate in various church activities. The group’s significance extends beyond fellowship; it actively contributes to the church’s mission by organizing events, supporting charitable causes, and offering assistance to those in need. Through 

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their dedication and involvement, the Presbyterian Women’s Group enhances the spiritual life of the Church and strengthens the bonds within the Congregation, making it an indispensable part of Glendermott Presbyterian Church. 

## **Craft Class** 

Craft class was held on the second and fourth Tuesday of each month with an average attendance of 15 ladies who enjoyed completing their individual projects along with some refreshments. 

## **Kurling Club** 

The Kurling club meets on a Wednesday morning from 11am to 12 noon with an average attendance of 5. Good fun and much needed exercise was enjoyed by all throughout the year. 

## **Midweek Bible Study Group** 

The Midweek Bible Study Group, meet every Wednesday night for bible study and prayer from 7pm to 8.30pm. They have an average attendance of 30. 

## **Volunteers** 

The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities. 

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## **TRUSTEES ANNUAL REPORT (cont’d)** 

## **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 in 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 to 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 facilitated 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, and 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 charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, 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, charities and individual members of the public. 

The Kirk Session has had regard to the Charity Commissions public benefit requirement statutory guidance. 

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## **TRUSTEES ANNUAL REPORT (cont’d)** 

## **FINANCIAL REVIEW** 

The congregation’s main source of income is members’ contributions through the Weekly Freewill Offering. There were 378 contributors during the year (374 in previous year, 2024) donating a total of £102k (£90k in previous year, 2024). 

Total Income of the congregation during the year was £306k, compared to £260k in the previous year. 

Total expenditure increased from £281k in 2024 to £320k in 2025. 

## **RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS** 

The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. 

The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the congregations and the financial activities for that year. In preparing the financial statements the Trustees are required to: 

- select suitable accounting policies and then apply them consistently 

- make judgements and estimates that are reasonable and prudent 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Funds will continue in operation. 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable them to ensure that the financial statements comply with the Statement of Recommended Practice “Accounting and Reporting by Charities (1 January 2015)”. They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

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## **THE PRESBYTERIAN CHURCH IN IRELAND** 

## **ANNUAL REPORT** 

## **For the year ended 31 December 2025** 

## **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 at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report and subject to the continuing support from members to fund on an ongoing basis the congregation’s current activities and other financial commitments. 

## **RESERVES POLICY** 

The Trustees have considered the level of unrestricted reserves that it is appropriate to hold taking account of current and ongoing commitments. It is the policy of the Trustees to hold at least three month’s normal expenditure. At the year-end unrestricted reserves were £133k (cash balance) which represents a higher level of reserves. The Trustees however, consider it 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 Trustees 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 at stated meetings and by encouraging members in their regular giving. 

Approved by the Kirk Session at a meeting on 11[th] May 2026 and signed on its behalf by Signed on behalf by 


Rev. Stephen Hibbert (Minister) Date: 11[th] May 2026 

Mr George Walker (Clerk of Session) Date: 11[th ] May 2026 

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## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF GLENDERMOTT PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND** 

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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **STATEMENT OF FINANCIAL ACTIVITY** 

## **for the year ended 31 December 2025** 

|||Notes|Unrestricted<br>Funds|Restricted<br>Funds|Endowment<br>Funds|Total 2025|Total 2024|
|---|---|---|---|---|---|---|---|
||||£|£|£|£|£|
|**Income and Endowments from:**||||||||
|Donations and legacies|2||139,578|116,353|0|255,931|223,622|
|Charitable activities|3||15,000|17,130|0|32,130|31,460|
|Other trading activities|4||61|2,559|0|2,620|2,153|
|Investments|5||340|398|458|1,196|1,235|
|Other|6||0|13,792|0|13,792|1,108|
||||-----------|----------|----------|----------|----------|
|Total|||**154,979**|**150,232**|**458**|**305,669**|**259,578**|
||||----------|----------|----------|----------|----------|
|**Expenditure on:**||||||||
|Raising funds|7||(2,110)|(0)|(0)|(2,110)|(2,085)|
|Charitable activities|8||(136,387)|(181,981)|(0)|(318,368)|(279,017)|
|Other|9||(0)|(0)|(0)|(0)|(0)|
||||----------|----------|----------|----------|----------|
|Total|||**(138,497)**|**(181,981)**|**(0)**|**(320,478)**|**(281,102)**|
||||----------|----------|----------|----------|----------|
|Net gains/(losses) on investments|||**0**|**0**|**(112)**|**(112)**|**120**|
||||----------|----------|----------|----------|----------|
|**Net Income / (expenditure)**|||**16,482**|**(31,749)**|**346**|**(14,921)**|**(21,404)**|
|Transfers between funds|||(2,330)|2,330|0|0|0|
|Gains/(losses on revaluation of|||0|0|0|0|0|
|fixed assets||||||||
||||----------|----------|----------|----------|----------|
|**Net movement in funds**|||**14,152**|**(29,419)**|**346**|**(14,921)**|**(21,404)**|
|Reconciliation of funds:||||||||
|Total funds brought forward|||143,399|4,058,477|28,481|4,230,357|4,251,761|
||||----------|-------------|----------|-------------|-------------|
|**Total funds carried forward**|||**157,551**|**4,029,058**|**28,827**|**4,215,436**|**4,230,357**|
||||======|========|======|========|========|



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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **BALANCE SHEET** 

**As at 31 December 2025** 

||Notes|Unrestricted<br>Funds|Restricted<br>Funds|Endowment<br>Funds|Total 2025|Total 2024|
|---|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|**£**|
|**Fixed assets:**|||||||
|Tangible assets|**12**|0|3,832,053|0|3,832,053|3,918,680|
|Donated assets|**18**<br>|0|6,170|0|6,170|6,170|
|Investments|**13**|0|0|3,393|3,393|3,505|
|||----------|----------|----------|----------|-------------|
|**Total fixed assets**||**0**|**3,838,223**|**3,393**|**3,841,616**|**3,928,355**|
|||----------|----------|----------|----------|-------------|
|**Current assets**|||||||
|Debtors|**14**|24,389|20,690|0|45,079|42,098|
|Current Investments||0|0|0|0|0|
|Cash at bank and in hand|**15**|133,197|176,068|25,434|334,699|263,990|
|||----------|----------|----------|----------|-------------|
|**Total current assets**||**157,586**|**196,758**|**25,434**|**379,778**|**306,088**|
|||----------|----------|----------|----------|-------------|
|**Liabilities:**|||||||
|Creditors: Amounts falling due|**16**|35|5,923|0|5,958|4,086|
|within one year|||||||
|||----------|----------|----------|----------|-------------|
|**Net current assets or liabilities**||**157,551**|**190,835**|**25,434**|**373,820**|**302,002**|
|||----------|----------|----------|----------|-------------|
|**Total assets less current liabilities**||**157,551**|**4,029,058**|**28,827**|**4,215,436**|**4,230,357**|
|Creditors: Amounts falling due|**17**|0|0|0|0|0|
|after more than one year|||||||
|Provisions for liabilities||0|0|0|0|0|
|||----------|-------------|----------|-------------|-------------|
|**Total net assets or liabilities**||**157,551**|**4,029,058**|**28,827**|**4,215,436**|**4,230,357**|
|||----------|-------------|----------|--------------|-------------|



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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **BALANCE SHEET** 

**As at 31 December 2025** 

||Note|Unrestricted<br>Funds|Restricted<br>Funds|Endowment<br>Funds|Total 2025|Total 2024|
|---|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|**£**|
|**Funds of the charity**|||||||
|Endowment funds|**19**|0|0|28,827|28,827|28,841|
|Restricted income funds|**19**|0|4,029,058|0|4,029,058|4,058,477|
|Unrestricted funds|**19**<br>|157,551|0|0|157,551|143,399|
|Revaluation reserve|**19**|0|0|0|0|0|
|||**----------**|**------------**|**----------**|**----------**|**-------------**|
|**Total charity funds**||**157,551**|**4,029,058**|**28,481**|**4,215,436**|**4,230,357**|
|||**----------**|**------------**|**----------**|**----------**|**-------------**|



Approved by the Kirk Session at a meeting on 11[th] May 2026 and signed on its behalf by 


**Rev. Stephen Hibbert (Minister) Date:   11[th] May 2026** 

**Mrs. Julie Hay (Honorary Treasurer) Date:   11[th] May 2026** 

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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS** 

## **31 December 2025** 

## **1. ACCOUNTING POLICIES** 

## **BASIS OF FINANCIAL STATEMENTS** 

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective 1 January 2015). 

The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, 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 informal gatherings of church members. 

## **FUND ACCOUNTING** 

Endowment funds are funds, the capital of which must be retained either permanently or at the congregation’s discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. 

Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. 

Unrestricted funds are income funds which are to be spent on the congregation’s general purposes. Designated funds are general funds set aside by the congregation for use in the future. 

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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS** 

## **31 December 2025** 

## **1. ACCOUNTING POLICIES(cont’d)** 

## **INCOMING RESOURCES** 

## **(i) Recognition of incoming resources** 

These are included in the Statement of Financial Activities (SoFA) when: 

- the congregation becomes entitled to the resources; 

- the trustees are virtually certain they will receive the resources; and 

- the monetary value can be measured with sufficient reliably. 

## **(ii) Incoming resources with related expenditure** 

Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are 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 reclaims on donations and gifts** 

Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate. 

## **(v) Gifts in kind** 

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.  Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. 

## **(vi) Volunteer help** 

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. 

## **(vii) Investment income** 

This is included in the accounts when receivable. 

## **(viii) Investment gains and losses** 

This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 

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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS** 

## **31 December 2025** 

## **1. ACCOUNTING POLICIES (cont’d)** 

## **EXPENDITURE AND LIABILITIES** 

## **(ix) Liability recognition** 

Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. 

## **(x) Governance costs** 

These 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 constitutional matters. 

## **ASSETS** 

## **(xi) Tangible Fixed Assets** 

Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and cost at least £2,500. They are valued at cost or, if gifted, at the value to the charity on receipt. 

Depreciation is recorded on all tangible fixed assets other than freehold land, at rates calculated to write of the cost, less estimated residual value, of each asset over its expected useful life as follows 

Buildings: - over 50 years Fixtures, fittings and equipment - over 10 years 

## **(xii) Investments** 

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees’ best estimate of market value. 

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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

**NOTES TO THE ACCOUNTS (cont’d) 31 December 2025** 

## **2. DONATIONS AND LEGACIES** 

||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**|**Funds**|**Total Funds**<br>**2025**|**Total Funds**<br>**2024**|
|---|---|---|---|---|---|---|
||£|£||£|£|£|
|Recorded giving:|101,626|59,943||0|161,569|151,784|
|Loose collections|4,508|12,554||0|17,062|16,987|
|Donations and gifts|3,310|27,292||0|30,602|22,052|
|Gift Aid|20,134|16,564||0|36,698|32,799|
|Legacies and bequest|10,000|0||0|10,000|0|
||----------|----------|----------||----------|----------|
||**139,578**|**116,353**||**0**|**255,931**|**223,622**|
||----------|----------|----------||----------|----------|
|**.**<br>**CHARITABLE ACTIVITIES**|||||||
||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**|**Funds**|**Total Funds**<br>**2025**|**Total Funds**<br>**2024**|
||£|£||£|£|£|
|Income from charitable activities|0|3,448|0||3,448|2,947|
|Fees from weddings and funerals|0|2,405|0||2,405|3,150|
|Membership fees|0|3,034|0||3,034|2,880|
|Fundraising events|0|4,543|0||4,543|3,121|
|Grants|15,000|3,700|0||18,700|19,362|
||----------|----------|----------||----------|----------|
||**15,000**|**17,130**|**0**||**32,130**|**31,460**|
||----------|----------|----------||----------|----------|



## **3. CHARITABLE ACTIVITIES** 

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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2025** 

## **4. OTHER TRADING ACTIVITIES** 

|||**Unrestricted**|**Funds**|**Restricted**<br>**Funds**|**Endowment**|**Funds**|**Total Funds**<br>**2025**|**Total Funds**<br>**2024**|
|---|---|---|---|---|---|---|---|---|
||||£|£||£|£|£|
|Letting of premises|||0|582||0|582|488|
|Trading income|||61|1,977||0|2,038|1,665|
|||----------||----------|----------||----------|----------|
||||**61**|**2,559**||**0**|**2,620**|**2,153**|
|||----------||----------|----------||----------|----------|
|**.**|**INVESTMENTS**||||||||
|||**Unrestricted**|**Funds**|**Restricted**<br>**Funds**|**Endowment**|**Funds**|**Total Funds**<br>**2025**|**Total Funds**<br>**2024**|
||||£|£||£|£|£|
|Deposit interest||317||335||458|1,110|1,151|
|General Investment Fund|||0|0||0|0|0|
|Property Rents|||0|0||0|0|0|
|Other investment income|||23|63||0|86|84|
|||----------||----------|----------||----------|----------|
|||**340**||**398**||**458**|**1,196**|**1,235**|
|||----------||----------|----------||----------|----------|



## **5. INVESTMENTS** 

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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2025** 

## **6. OTHER INCOME** 

|||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**|**Funds**|**Total Funds**<br>**2025**|**Total Funds**<br>**2024**|
|---|---|---|---|---|---|---|---|
|||**£**|**£**||**£**|**£**|**£**|
|Other income||0|13,792||0|13,792|1,108|
|||----------|----------|----------||----------|----------|
|||**0**|**13,792**||**0**|**13,792**|**1,108**|
|||----------|----------|----------||----------|----------|
|**.**|**RAISING FUNDS**|||||||
|||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**|**Funds**|**Total Funds**<br>**2025**|**Total Funds**<br>**2024**|
|||**£**|**£**||**£**|**£**|**£**|
|FWO|envelopes|2,110|0||0|2,110|2,085|
|Fundraising events||0|0||0|0|0|
|||----------|----------|----------||----------|----------|
|||**2,110**|**0**||**0**|**2,110**|**2,085**|
|||----------|----------|----------||----------|----------|



## **7. RAISING FUNDS** 

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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS (cont’d)** 

**31 December 2025** 

## **8. CHARITABLE ACTIVITIES** 

||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**|**Funds**|**Total Funds**<br>**2025**|**Total Funds**<br>**2024**|
|---|---|---|---|---|---|---|
||**£**|**£**||**£**|**£**|**£**|
|General Assembly Assessments|73,715|0||0|73,715|73,378|
|Presbytery fees|1,193|0||0|1,193|1,079|
|Ministry and support staff costs|47,669|300||0|47,969|35,431|
|Congregational running expenses|12,594|157,017||0|169,611|142,748|
|Donations to Missions and charities|1,000|24,664||0|25,664|26,165|
|Governance costs|216|0||0|216|216|
||----------|----------|----------||----------|----------|
||**136,387**|**181,981**||**0**|**318,368**|**279,017**|
||----------|----------|----------||----------|----------|
|**.**<br>**OTHER EXPENDITURE**|||||||
||**Unrestricted**<br>**Funds**|**Restricted**<br>**Funds**|**Endowment**|**Funds**|**Total Funds**<br>**2025**|**Total Funds**<br>**2024**|
||**£**|**£**||**£**|**£**|**£**|
|Purchase of fixed assets|0|0||0|0|0|
||----------|----------|----------||----------|----------|
||**0**|**0**||**0**|**0**|**0**|
||----------|----------|----------||----------|----------|



## **9. OTHER EXPENDITURE** 

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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2025** 

## **10. EMPLOYEES** 

## **Employment Costs** 

|**Total**|**Total**|
|---|---|
|**Funds**|**Funds**|
|**2025**|**2024**|



||**£**|**£**|
|---|---|---|
|Wages and Salaries|84,205|73,656|
|Social Security Costs|6,839|4,457|
|Pension contributions|9,181|10,395|
||----------|----------|
||**100,225**|**88,508**|
||----------|----------|



## **Number of Employees** 

The average number of employees, including the minister of the congregation, during the year was as follows. 

|Average number of employees|**4**|**4**|
|---|---|---|
||----------|----------|
|There were no employees in receipt of employee benefits in excess of £60,000.|||



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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS (cont’d) 31 December 2025** 

## **11. PENSION COSTS** 

The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employer’s pension contribution for the Scheme and based on the stipend paid to the minister.  The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type, providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. A formal schedule of contributions was drawn up during 2024 whereby the Presbyterian Church agreed to pay from 1 January 2025 contributions of 17.5% (24% - 2024) of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit. 

The contributions made by the congregation during the year were 

**Total Total Funds Funds 2025 2024** 

||**£**|**£**|
|---|---|---|
|Contributions|**7,498**|**9,935**|
||----------|----------|



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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS (cont’d)** 

**31 December 2025** 

## **12. TANGIBLE FIXED ASSETS** 

||**Church &**<br>**Church Halls**|**Manse**|**Assets Under**|**Construction**|**Total**|
|---|---|---|---|---|---|
||**£**|**£**||**£**|**£**|
|**Cost or valuation**||||||
|At start of year|3,866,684|464,673||0|4,331,357|
|Adjustment to opening balance|0|0||0|0|
|Additions|0|0||0|0|
|Disposals|0|0||0|0|
|Reclassification of assets|0|0||0|0|
||-------------|----------|-------------||-------------|
|At end of year|**3,866,684**|**464,673**||**0**|**4,331,357**|
||-------------|----------|-------------||-------------|
|**Depreciation**||||||
|At start of year|366,212|46,465||0|412,677|
|Provision for year|77,334|9,293||0|86,627|
|Disposals|0|0||0|0|
||-------------|----------|-------------||-------------|
|At end of year|**443,546**|**55,758**||**0**|**499,304**|
||-------------|----------|-------------||-------------|
|**Net Book Value**||||||
|At start of year|**3,500,472**|**418,208**||**0**|**3,918,680**|
||-------------|----------|-------------||-------------|
|At end of year|**3,423,138**|**408,915**||**0**|**3,832,053**|
||-------------|----------|**-------------**||**-------------**|



## **13. INVESTMENTS** 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|General Investment Fund|3,393|3,505|
||----------|----------|
||**3,393**|**3,505**|
||======|======|



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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2025** 

## **13. INVESTMENTS (Cont’d)** 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Value at start of year|3,505|3,385|
|Additions|0|0|
|Disposals|0|0|
|Impairment|0|0|
|Gains / (Losses) on revaluation|(112)|120|
||----------|----------|
|Value at end of year|**3,393**|**3,505**|
||======|======|



## **14. DEBTORS** 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Gift Aid Receivable/ Received|32,500|31,500|
|Debtors|4,067|2,647|
|Prepayments|8,512|7,951|
||----------|----------|
||**45,079**|**42,098**|
||======|======|



## **15. CASH AT BANK AND IN HAND** 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Danske current a/c- No. 1|133,197|121,172|
|Danske current a/c -  No. 2|142,058|91,980|
|Dankse current a/c - Manse Fund|1,033|1,063|
|Danske current a/c - Cemetery|6,319|4,825|
|AIB deposit account (closed)|0|6|
|Progressive Building Society|25,434|24,976|
|Organisations Current accounts &|26,658|19,968|
|Cash in hand|||
||----------|----------|
||**334,699**|**263,990**|
||======|======|



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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2025** 

## **16. CREDITORS: amount falling due within one year** 

|||**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
|Danske bank loan||0|0|
|Danske bank loan interest||0|0|
|Trade Creditors||5,197|3,241|
|Accruals||761|845|
|||----------|----------|
|||**5,958**|**4,086**|
|||======|======|
|**7.**|**CREDITORS: amount falling due after more than one year**|||
|||**2025**|**2024**|
|||**£**|**£**|
|Creditors||0|0|
|||----------|----------|
|||**0**|**0**|
|||======|======|



## **17. CREDITORS: amount falling due after more than one year** 

## **18. Donated Assets** 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Audio Visual Equipment|6,170|6,170|
||----------|----------|
||**6,170**|**6,170**|
||======|======|



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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

## **NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2025** 

## **19. FUND BALANCES AND RECONCILIATION OF FUNDS** 

|Fund|Balance at|Income|Expend.|Gains/|Transfer|Balance at|
|---|---|---|---|---|---|---|
||start|||(Losses)||end|
||£|£|£|£|£|£|
|**Unrestricted Funds**|||||||
|General Fund|143,399|154,979|(138,497)|0|(2,330)|157,551|
||-------------|-------------|-------------|----------|-----------|------------|
||**143,399**|**154,979**|**(138,497)**|**0**|**(2,330)**|**157,551**|
||-------------|-------------|-------------|----------|-----------|------------|
|**Restricted Funds**|||||||
|Property/ Building Fund|113,936|100,041|(50,207)|0|(1,165)|162,605|
|Manse Fund Account|1,063|300|(330)|0|0|1,033|
|Cemetery Fund Account|4,824|2,787|(1,192)|0|(100)|6,319|
|Presbyterian Women|1,452|3,470|(3,073)|0|0|1,849|
|Sunday School|0|200|(3,077)|0|2,877|0|
|Girls Brigade|6,897|6,758|(5,710)|0|552|8,497|
|Boys Brigade|4,095|6,873|(4,813)|0|1,202|7,357|
|Mothers & Toddlers|196|742|(623)|0|0|315|
|Bowling Club|2,742|49|0|0|0|2,791|
|Needlecraft Group|2,542|2,906|(1,808)|0|(1,500)|2,140|
|Youth Club|1,148|1,245|(1,343)|0|0|1,050|
|Audio Tape|0|0|0|0|0|0|
|Holiday Bible Club|0|0|(470)|0|470|0|
|Youth Fellowship|0|0|0|0|0|0|
|Evangelism|3|0|0|0|0|3|
|Missions & Charities|74|24,664|(21,708)|0|0|3,030|
|Capital (TFA)|3,918,680|0|(86,627)|0|0|3,832,053|
|AIB Deposit account|6|0|0|0|(6)|0|
|Bible Study Group|819|197|(1,000)|0|0|16|
||-------------|-------------|-------------|----------|-----------|-------------|
||**4,058,477**|**150,232**|**(181,981)**|**0**|**2,330**|**4,029,058**|
||-------------|-------------|-------------|----------|-----------|-------------|
|**Endowment Funds**|||||||
|Progressive BS|24,976|458|0|0|0|25,434|
|General Investment Fund|3,505|0|0|(112)|0|3,393|
||-------------|-------------|--------------|----------|----------|---------------|
||**28,481**|**458**|**0**|**(112)**|**0**|**28,827**|
||-------------|-------------|---------------|-----------|-----------|---------------|
|Total|**4,230,357**|**305,669**|**(320,478)**|**(112)**|**0**|**4,215,436**|
||-------------|-------------|---------------|----------|-----------|---------------|



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## **GLENDERMOTT PRESBYTERIAN CHURCH** 

## **a Congregation of The Presbyterian Church In Ireland** 

**NOTES TO THE ACCOUNTS (cont’d) 31 December 2025** 

## **20. RELATED PARTY TRANSACTION** 

One of the Trustees, the minister of the congregation received remuneration of £42,843 and expenses of £8,626 for acting in that capacity. Pension contributions of £7,498 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009).  One trustee received remuneration totalling £8,076 during the year in connection with their duties as caretaker. 

During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity: 

£73,715 for congregational assessments £12,932 towards the United Appeal 

£1,005 towards the World Development Appeal 

The congregation contributed £1,193 towards Presbytery Assessments during the year. 

There were no other related party transactions. 

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