HEBRON FREE PRESBYfERIAN CHURCH FINAI¥CIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 NICC 109427
HEBRON FREE PRESBYfERIAN CHURCH CONTENTS Page Legal and administrative information Committee report Accountants. report Statement of Income & Expenditure Notes to the Financial Statements
PaRe I HEBRON FREE PRESBYTERIAN CHURCH LEGAL AND ADMINISTII4TIVE INFORMATION A'I. 311)ECLMBER 2024 Charity number: NICC 109427 Address: 55 Mark¢t Str¢¢t Ballymoney Co.Antrllll BT53 6ED Minister: Rev David Park Kirk Session: Grifyith Gregg Elder Emeritus Samuel Johnston Phil Moffatt Jonathan McAul¢y John McAuley W¢sley McAuKey Mervyn Storey Committee: Ivor Buick Philip Calderwood Stephen Fletcher Victor Gault Irwin Ilolm¢s Ryan Moore Shaun McAuley Andrew Park Secretary: Samuel Johnston Treasurer: Ivor Buick Bankers: l)anske kjank Main Str¥Ct Ballymoney BT53 6AD Accountants: W R Crymblc Chartered Management Ac¥ountants 3 Governors Gate Larle Hillsborough BT26 6FX
Page 2 HEBRON FREE PREsByTlUAN CHURC.B COMMrrTEE REPORI" FOR THE YEAR ENDED 31 DECEMBER 2024 The CommTttee preseJ)t thcir rctK)rt aFuI the unaudited financial statements for thc yearend¢d 31 Decem 2024. The Kirk Session and Committce M¢mbcrs at the date of this repo are set out on page l . The meMbS acknowledge their Trponsibiliti¢s for". ensuring that the Church keeps proper accounting cordS, and 2. Preparing financial statements whichgive a trne and fair view of the state of affairs of the Church at tbe end of the f]nancial y¢ar and of its income and expendituTr for the fmancial year. A full Church R¢port will be madc available to all ChuTch Members. Thcse Financial Ststements werc approved by thc Committee and 8ign¢d on their behalf by the following: uel Johnsto cr¢tary Ivor Buick Treasurer .g.Ir. Date
Page 3 HLBKON FREE PR£SBYfERIAN CHURCH ACCOUNTANTS9 REPORT ON THE UNAUDITED FINANCIAL INFORMATION OF TtF,RRnN FRF,F. PRF.STIYTF.RIAN CHURCH In accordanc¢ with the engagement letter dated 16 December 2010. we havc compiled the fInancial infonnation of Hebron Free Presbyterian Church which comprises the statement of income and expenditure and the related notes. This report is made to the Church, as a body. in accordance with the ternis of our engagement. We have carried out this engagement in accordance with the guidance issued by the Chartered Institute of Management Accountants and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of fmancial statements. You have acknowledg¢d on the Kirk Session Report for the year ended 31 December 2024 your duty to ensure that the Churknh has k¢pt proper books of account and to prepare fmancial statements that give a true and fair view of the state of affairs of the Church. We have not been instructed to carry out an audit of the financial stateinents. For this r¢ason, we have not attempted to verify the accuracy or completeness of the books of account or inforniation or explanations you have given us and we do not therefore expreis any opinion on the fancial statements. W R Crymble Chartered Management Accountants 3 Governors Gate Lane Hillsborough BT26 6FX
Page 4 HEBROLY FREE PRESBYTERIAIY CHURCH STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2024 Notes 2024 2023 Income 397,751 360.268 Expenditure 350J13 347,732 Net income 47,438 12,536 Building loan repayments (net of interest) Transfers to other accounts ( 8.202) ( 3,172) ( 6,892) ( 2,997) IlJ74 9,889 li NET INCOMING RESOURCES FOR THE YEAR 36,064 2.647 Total funds brought forward 93.753 91,106 TOTAL FUNDS CARRIED FORWARD 129.817 93,753 Th¢ iiotes on Pl7g on page& 5 to 6formpart 0ftheseflnatrlal statePlltsnls. Compil.d Myithout audit or indL'PkniiJtynt Vty4rifi>QtiOP2 refer to Accounl(mls' report
Page 5 HLBRON PRESBHERIAN CHURCH NOTES l. Priiiciplc acrouutillg poliri¢3 The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial slatements. 1.1 Basis of preparation The financial statcmcnts have bc¢n prePad in aGcordanc¢ with Unitcd Kingdom gencrally accepted accoiinting pravtice. Ac¥ounting standards generally aicepted in the United Kingdom, for preparing financial statements giving a true and fair vicw, are thosc publishcd by the Institute of Chartered Accountants in Ireland and issued by the Accounting Standards Board. 1.2 Financial Statements The financial statements only include a Statement of Income and Expenditure. It was felt that little would be gained by the preparation of a Balance Sheet. However, a note is included of all bank balanc¢s as at the year end. 1.3 Incoming Resources All iiiLuIIiiEig i¢)vui¥es <Lt¥ inLluded iii iFi¥ btdl¥iIi¥nL vf fiiikuiLi<il aLlivili¥b wFicii LE1¥ Chui¢li ib ¢IiliLl¢a iu income and the amount can be quantified with reasonable accuracy. 1.4 Resources Expended Expenditure is recognised on an actual basis. Expenditure includes any VAT which cannot be recovered, and is reported as part of the expenditure to which it relates. Expenditure comprises those Costs incurred by the Church in the delivery of its activities. It includes both costs that can be alloknated directly to such activities and those costs of an indiretst nature necessary to support them. 2. INCOME 2024 2023 Freewill offering Loose offering Missionary account Minibus sale BuildiIig fuIid Gift Aid refi]nd Other income 152,136 53,461 103J02 11.800 8,944 32,932 35,176 134,687 52.461 95,992 8,458 29,604 39,066 397 751 360 268 The p70tes onpages OP7PL7gès 5 Ic) 6form purt oftheJp_fip71?nninl.rliltÉmpnt.f_ Campiléd Hiiihoul oudil or indepgiident verification rgfgr lu AiL"uurilunlts ' resport
Page 6 HEBRON FREE PRESBYfERIAN CHURCH N()TF,S (continued) 3. INcOlE BY ACCOUNT 2024 2023 Gcneral account Building fund account Missionary account Yoiith Fellowship account Parents & Toddlers account 282J95 9,685 103,302 1,570 799 255,030 8,458 95,992 788 397,7il 360,268 4. EXPENDITURE 2024 2023 Salaries and related costs Property expenses Activities costs General and Administrative Expenses Presbytery central fund Bank interebt and charge24 Mission gifts 71296 108,942 37.862 11,918 9,956 1,941 108J98 69,588 77,567 41,366 16.550 7,388 2,394 132,879 350J13 347,732 5. CASH AT BANK AfiD ON HAJYD 2024 2023 Gen¢ral aciount Building fund account Missionary account Yniith Fellnw%hip ACC()iint MvLli¢rb & Tuddl¥ib dknLvuiII 101,152 2,t16ll 23,131 1,986 680 63,675 2,64Y 24,176 2.619 634 129,817 93,753 6. BAIYK LOIlLY 2024 2023 Building loan ( 9J81) (17,783) 9,581) 17,783 llie iioles on paRes on pages S lo OfoTm parl 0[thE[lanCIaI siuiemenrs. Conipiled wiihoui midli or Indep. endenr verlfication - pefgr to Accounta1, report