an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2024 11 Registered Charity in Northern Ireland (NIC105685)
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELANDTRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2024 including a Statement of Assets and Liabilities as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Coagh congregation of the Presbyterian Church in Ireland 1 Welbourne Place Coagh Cookstown Co Tyrone BT80 OEZ Registered Charity in Northern Ireland (NIC105685) CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were Rev. Stewart Glendinning Mrs Amy Allingham PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev. Stewart Glendinning Mrs Amy Allingham Mr Richard Mccrea INDEPENDENT EXAMINER David Lyttle + Co Ltd 15 Meeting Street Magherafelt Co Londonderry BT45 6BN BANKERS Danske Bank Donegall Square West Belfast BT16JS
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) STRUCTURE AND MANAGEMENT The Klrk 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 Session has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and propety 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 as required throughout the year. 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 0-thIrdS of those who vote. Pra8bytery 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. Coagh congregation of the Presbyterian Church has been assigned to the Tyrone 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 the congregation. The General A88embly 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.
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) DESCRIPTION AND PURPOSE The charitable purpose of the congregation is the advancement of religion. Coagh congregation of the Presbyterian Church is a congregalion 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 sove 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 congregation's mission purpose 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 oul 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 ouard 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 Westminsler 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 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 has several organisations including Sunday School Women's Association United Midweek Fellowship FUEL Bowling Club Time & Talent Group
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT (cont'd) ACHIEVEMENTS AND PERFORMANCE Worshlp and prayer The congregation normally meets for worship each Sunday at 10'.45am. As well as our regular services during the year the Church offers Sacraments of Baptism and marriage services. As a congregation we gave thanks for faithful services and sought to comfort those who had been bereaved during the year. At 31 December 2024 there were 30 communicant members and 65 families connected with the congregation. The average week attendance at morning worship is 30. 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. MIs8lon and outreach At a local level the congregation regularly supports appeals made by Church House. During the year the congregation supported numerous charitable organisations through special collections and from Church fund. The Time and Talent group was set up to promote fellowship and friendship through various craft activities. The group meets normally twice a month and has average attendance of 55 people at each session. The group also organises a number of outings for members throughout the year. Fund raising is also carried out to support various organisations. 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 a denominational basis beyond what the congregation could do on its own. The United Appe81 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 congregations 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 School project and any other special appeals.
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {cont'd) Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and l or one of the elders. This provides an important link beeen the congregations and the wider structures of the church. General Assembly The minister was nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June. Property The Church Committee continue lo provide oversight and maintenance of our suite of buildings to ensure they remain fit for purpose. Organ18atlons The Sunday School meets every Sunday at 9.45am where the children learn about God through various activities. 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. 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 understsnding 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 beliets 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 pasloral 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.
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT {cont'd) FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering. The results for the year are set out on page 9, which the Trustees consider to be satisfactory. The reserves of the Congregation are held for the advancement of its charitable purpose, other than restricted reserves which are held for a designated purpose. STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparing the annual report and the financial ststements of the congregation in accordance with applicable law and generally accepted accounting practice. As the congregation's total income does not exceed £250,000, the Trustees have elected under Section 64{3) of the Charities Act (Northern Ifeland) 208 to prepare a receipts and payment account and a statement of assets and liabilities. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the congregation's transactions and disclose with reasonable accuracy at any time its financial position. They are also respbnsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. I r/&/tf Approved by the Kirk Session at a meeting on and signed on its behalf by Rev Stewart Glendinning Trust•• Date Ir TL•nL &)ir
an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND I report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 9 to 16. Respective responslbllities of charity trustees and examiner As the charily's Trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act {Northern Ireland) 2008. It is my responsibility to.. examine the accounts undef section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under section 65(9){b) of the Charities Act state whether particular matters have come to my attention. Basls of Independent examlner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)Ib) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity Trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examlner's statement I have ompleted my exa ination and have no concerns in respect of the matters {1) to (4) listed above and, in conne ion with following e Directions of the Charity Commission for Northern Ireland, I have found no matters that r uire drawing to y attention. Date 2 f/G12rt," for and on behalf of David Lyttle + Co Ltd Chartered Accountants Statutory Audltors 15 Meeting Street Magherafelt Co Londonderry BT45 6BN
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Coagh Presbyterian Church Recelpts and Paymonts Account for tha year ended 31 December 2024 Unrestricted Restrlcted Funds Funds 2024 2024 Total Total Noto 2024 2023 Recel t8 Weekly Freewill Offering Sabbath Collection Special Collections Bank & Deposit interest Investment income Other receipts Receipts regarding Organisations Total Recel ts 32,046.00 467.07 10,505.00 736.15 4,380.00 17,495.61 32,046.00 27,576.00 467.07 158.00 16,622.00 18,619.90 736.15 642.00 4,380.00 4,380.00 469.99 17,965.60 11,547.53 2,300.95 2,300.95 2,216.21 8,887.94 74,517.77 65,139.64 6,117.00 65,629.83 Pa ments General Assembly Assessments Church Running Costs Sunday School Costs Manse Costs Adminislration Costs Charitable Donations Payments regarding Organisations Total Pa ments 27,364.50 14,355.57 27,364.50 25,741.00 14,355.57 21,885.63 544.39 435.24 7,345.00 1,229.00 6,641.55 5,369.00 6,117.00 7,117.00 7,407.00 2,233.89 2,233.89 2,929.26 8,895.28 65,601.90 64,996.13 544.39 7,345.00 6,641.55 1,000.00 10 11 56,706.62 Excess of Receipts ov•r Payments for the year before tran8f•r8 8,923.21 (7.34) 8,915.87 143.51 Capltal Payments Capltal Grants Recolvad Transfer8 227.12 (227.12) Net movement in funds 9,150.33 (234.46) 8,915.87 143.51 Funds brought forward 201,122.30 4.536.97 205,659.27 205,515.76 Funds carriod forward 12 210,272.63 4,302.51 214,575.14 205,659.27
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024 Unrestricted Funds 2024 Restrlcted Funds 2024 Total Funds Total Funds 2024 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 201,122.30 205,659.27 205,515.76 4,536.97 9,150.33 (234.46) 8,915.87 143.51 Bank and Cash at end of year 210,272.63 4,302.51 214,575.14 205,659.27 Bank & Cash Balances Current Accounts Deposit Accounts Cash 165,342.31 44,930.32 4,302.51 169,644.82 44,930.32 168,578.29 37,080.98 Total Cash Fund8 12 210,272.63 4,302.51 214,575.14 205,659.27 OTHER ASSETS Inv08tment A88ets Investments Other Listed Investments Other unlisted investments Investment Properties Total Investment Assets 4,801.92 4,801.92 10,689.92 13 4,801.92 4,801.92 10,689.92 Fixed assets 14 579,161.00 579,161.00 579,161.00 Total Flxed Assets 579,161.00 579,161.00 579,161.00 Approved by the Kirk Session at a meeting on and signed on its behalf by Rev Stewart Glendinning Trustee Date 10
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. 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 Ib} 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. STATEMENT OF ASSETS AND LIABILITIES FIXED ASSETS The assets of the congregation, retained for its own use comprise-.- Church Building and Graveyard Church Hall Manse Manse Land The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102}. These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Manse, Manse Land and Church Hall have been recognised on values which the Trustees deem to represent the estimated fair value of the property at 1 January 2017. No depreciation has been provided on this building as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. 11
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 2. Special collections Unrestricted Restrlcted 2024 2024 Total 2024 Total 2023 Donor United Appeal United Appeal - Gift Aid World Development Appeal World Development Appeal - Gift Aid Harvest Envelope & Loose Offering Gift Aid on Harvest Collection PW Service Collection Royal British Legion Christian Aid Orange Service Childrens Day - To Sunday School Childrens Society Appeal Stand By Me Syria Appeal RUTH Asia Link TOTAL 2,710.00 2,710.00 2,465.00 392.57 970.00 224.33 10,505.00 10,791.00 1,458.00 245.00 77.00 470.00 40.00 242.00 340.00 501.00 404.00 1,235.00 1,235.00 10,505.00 220.00 162.00 345.00 220.00 162.00 345.00 285.00 345.00 285.00 345.00 445.00 445.00 370.00 370.00 6,117.00 16,622.00 18 619.90 10,505.00 3. Investment Income Unrgstrlctod Rostrlcted 2024 2024 Total 2024 Total 2023 Donor Mast Rent Manse Field Rent TOTAL 4,060.00 320.00 4,380.00 4,060.00 320.00 4,380.00 4,060.00 320.00 4,380.00 4. Other recelpts Unre8trlcted Restrlcted 2024 2024 Total 2024 Total 2023 Donor Gift Aid Hall Rent Heat & Light Power Nl Pulpit Supply and Shared Costs Coagh Primary School Repair Fund Sundry Donation Funeral DonationslFees Sunday School Bequest TOTAL 3,741.10 600.00 30.00 5.00 2,114.00 340.00 20.00 5.00 6,449.86 1,350.00 138.75 5,898.00 150.00 3,050.00 340.00 20.00 5.00 6,449.86 1,350.00 138.75 5,898.00 150.00 3,050.00 469.99 94.00 17,965.60 180.00 2,143.00 50.00 1,610.00 1,021.43 53.00 11,547.53 469.99 94.00 17,495.61 469.99 12
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 6. Recelpts regarding Organisations Unrastrlcted Restrictad 2024 2024 Total 2024 Total 2022 United Midweek Fellowship Presbyterian Women's Bowling Club Mums & Tots TOTAL 649.14 1,638.49 13.32 649.14 1,638.49 13.32 594.01 1,610.87 11.33 2,300.95 2,300.95 2,216.21 6. Church runnlng costs Unrastrlcted Restricted 2024 2024 Total 2024 Total 2023 Cleaning Pulpit Supply Grass Cutting Electricity Heat Water Rates Repairs Mileage Sundry expenses TOTAL 1,092.00 2,448.00 1,980.00 2,238.15 1,165.00 372.00 2,074.00 1,490.00 1496.42 14,355.57 1,092.00 2,448.00 1,980.00 2,238.15 1,165.00 372.00 2,074.00 1,490.00 1496.42 14 355.57 1,117.00 1,210.00 1,980.00 1,772.00 1,475.00 308.00 11,900.94 1,404.00 718.69 21,885.63 7. Sunday School cost8 Unrestricted Restrlcted 2024 2024 Total 2024 Total 2023 Teaching Materials Donations Sunday School Prizes Sundry Expenses TOTAL 319.39 225.00 319.39 225.00 116.00 25.00 264.24 30.00 435.24 544.39 544.39 8. Manse cost8 Unre8trlcted Restrlet•d 2024 2024 Total 2024 Total 2023 Rates Field Rent Painting Manse TOTAL 953.00 320.00 6,072.00 7,345.00 953.00 320.00 6,072.00 7,345.00 909.00 320.00 1,229.00 13
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 9. Administratlon costs Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Audit & Accountancy Printing Postage & Stalionery Presbytery Incidental Fund Shared Expenses Insurance Bank Fees Bequest Gifts Legal Fees Sundry Expenses TOTAL 780.00 390.00 399.00 1,160.00 1,798.00 404.17 183.00 500.00 748.00 279.38 6,641.55 780.00 390.00 399.00 1,160.00 1,798.00 404.17 183.00 500.00 748.00 279.38 6,641.55 720.00 390.00 185.00 1,189.00 1,715.00 382.00 114.00 458.00 216.00 5 369.00 10. Charltablo donatlons Unro8trlcted Re8trlcted 2024 2024 Total 2024 Total 2023 United Appeal World Development Appeal PW Service Collection Royal British Legion Christian Aid Samaritans Purse Stand By Me Orange Service Sunday School Donation Childrens Society Appeal Syria Appeal Sarah Armstrong RUTH Asia Link TOTAL 975.00 2,710.00 1,235.00 220.00 162.00 345.00 3,685.00 1,235.00 220.00 187.00 345.00 2,893.67 1,194.33 245.00 77.00 470.00 500.00 501.00 40.00 242.00 340.00 404.00 500.00 25.00 285.00 345.00 285.00 345.00 445.00 370.00 6 117.00 445.00 370.00 7,117.00 1000.00 7,407.00 11. Payments regardlng Organi8ation8 Unrestrlcted Re8trlcted 2024 2024 Total 2024 Total 2023 Presbyterian Women's United Midweek Fellowship Mums & Tots Holiday Bible Club TOTAL 1,733.89 500.00 1,733.89 500.00 2,093.26 500.00 136.00 200.00 2,929.26 2,233.89 2,233.89 14
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 12. Fund Balances At1Jan Incoming Outgolng Transfers 2024 Resources Resources At 31 Dec 2024 Restrlcted funds Special Collections United Midweek Fellowship Coagh Time and Talent Presbyterian Women's FUEL Bowling Club Mums & Tots Sunday School 6,117.00 649.14 6,117.00 500.00 1,024.01 850.66 144.21 283.81 889.85 1,173.15 850.66 48.81 283.81 903.17 1,638.49 1,733.89 13.32 1,344.43 469.99 544.39 1,270.03 4,536.97 8,887.94 8,895.28 4,529.63 Unr•strlctod fund8 General Fund 201,122.30 65,629.83 56,706.62 210,045.51 201,122.30 65,629.83 56,706.62 210,045.51 Total funds 205,659.27 74,517.77 65,601.90 214,575.14 Pur es f R stricled Funds Special Collections relate to funds collected during the year for specific Church Charlties which are then subsequently donated to these organisations. United Midweek Fellowship: This is a fund for the use of the United Midweek Fellowship. Coagh Time and Talent .' This is a fund for the use of Coagh Time and Talent. Presbyterian Women's: This is a fund for the use ofthe Presbyterian Women, FUEL- This is a fund for the use of FUEL. Bowling Club: This is a fund for the use of the Bowling Club. Mums & Tots: This a fund forlhe use of Mums & Tots. 13. Investment Assets The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 General Investment Fund T'fer to General Current AJC 10,689.92 (5,888.00) 4,801.92 10,689.92 10.689.92 15
an COAGH CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 14. Fixed Assets Land and Buildings Flxtures and Fittlngs Manso Repairs Vlsual Audlo Upgrada Total Opening cost at 1 Jan 2024 Additions Disposals Closlng cost at 31 Dac 2024 523,127.00 25,106.00 23,746.00 7,182.00 579,161.00 523,127.00 25,106.00 23,746.00 7,182.00 579,161.00 The congregation owns the Church premises situated at 30 Urbal Road, Coagh, Co Tyrone and the associated fixtures, fittings, plant and machinery, which is not included in the value above. These have an insurance value of £808,192.32. 15. Transactlon8 wlth TrustO08 No trustee received any renumeration or reimbursement of expenses during the year. 16. Governan¢o C08ts Governance costs of £260 were incurred during the year of which £260 relates to fees paid to the independent examiner. Governance costs are included within Administration costs in the Receipts and Payments Accounts. 16