Charlty registration number NIC101444
THE PRESBYfERIAN CHILDREN'S SOCIETY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE PRESBYTERIAN CHILDREN'S SOCIETY
LEGAL AND ADMINISTRATIVE INFORMATION
Presldent
Rev DT J l Thompson, MBE, TD, DL, BSC, BD, MTh, Dmin
Vlce President
Mr W N Bennett Bsc (Econ) Hons, IPFA
Honorary Secretary
Mr N WTodd, BEd, MA, Msc
Honorary Treasurer
Mr l Mcminn, MBE
Govemors
Rov Dr L E Carroll, BA, BD, PhD, LLCM
Mr B Corry, ACII, DipPFS
Mrs H Hamilton, 8Sc (Econ), ACA
Mr C Kerr, QFSM, DL, BA, Msc
Rev PA McBrid6, BEd, BD
HIS Honour J A H Martin. LLB, DipL4W, BL, KC
Mrs H Morri)w, BA, FCA
Rev T C Morrison, BA, BD
Mrs J E Wlson, MB, Bch, BAO, MRCGP
Mrs V McGuffin, M Inst LM
Rev T J Stothers, BSC, BD, MTh
Rev M E Donald, BEd, MEd, Dipmin, MDIV, CF
Mr L Conway, OBE, FCIM, Dipsw, CQSW
Rev C McKibbin, BD, Dipmin
Ra8ponslble for day to day
administratlon of the charlty
Mr J G Nicholson, BA (Hons)
Charfty number
NIC101444
Regi8t•rnd offlce
Gleng811 Exchange
3 Glengall Street
Belfast
BT12 SAB
Audltor
H8rbinson Mulholland
Centrepoint
24 Orméau Avenue
Belfast
BT2 8HS
Bankers
Danske Bank
Donegall Squar8 West
Belfast
Co. Antrim
Northern Ireland
BT16JS
Sollcltors
Carson McDowell
Solicitors
MU￿aY House
Murray Street
Belfast
BT16DN

THE PRESBYTERIAN CHILDREN'S SOCIETY
CONTENTS
Page
Governors, Report
Statement of Govemors, Responsibilities
Independent Audltorfs Report
7-10
Statement of Financial Activities
11
Balance Sheet
12
Statement of Cash Flows
13
Notes to the Financial Statemenls
14-23
Detailed Staternent of Financial Activites
23

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Govemor6 present their report and the audited financial statements for the year ended 31 December 2023.
The financial statements comply with Accounting and Reporting by Charities: Statement of Recommended
Pradice applicable to charities preparing Iheir accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102).
Purpose and Alm8
The Society's purposes are outlined as follows..
a. Making Grants for or towards the education and maintenance of children seleded as outlined in the
grant making procedure. The benefit that flows from this is that the well-being of children and their
families is enhanced by basic financi81 needs being addressed andlor poverty alleviated. An annual
means testing procedure ensures families are in need of assistance and therefore will benefit from the
financial grants provided. The Society invites applications for the funding of granls to individuals through
their ministers. These applications are then reviewed against specffic criteria and objectives which are
set by the Govemors, in accordance with the objects of the Society.
a. In eddition to the above, a further purpose is caring for and supporting children In need whether material,
physical, mental, emollonal and spiritual and promoting their material, physical, men181, emotional and
spiritual development whether through their families, Church or community or otherwise howsoever that
they may grow to full maturity as individuals and members of society. The benefit that flows from this
purpose is that the well-being of families and their children is enh8nced by schemes which are financially
supported by the Society. The Society's funding provides opportunities for children and their families to
develop materially, physicalty, mentally, emotionally, and spiritually.
Objectlve, Perfonnance and Achievements
The 2023 objectives included the following:
supporting 8round 910 Presbyterian children and young people by way of quarterly and special grants,.
Increasing the quarterly grants (where possible) by at least the inflation rate.,
supporting Presbyterian children and young people by way of eX￿ptIOnal grants;
supporting eligible Presbyterian families to attend the PCI Family Holiday.,
supporting a programme of education81 workshops in partnership with Eden Consultancy for parents,
carer5 and leaders across a range of subjects including aut18m, behavioural support and anxiety in
young people.
There was a substantial level of attainment in relation to major objectives during the year to 31 December 2023.
During 2023 the number of young people being helped by the Society was comparable to the previous year. At 1
January 2023 the number was 889 and at 31 December it was 911.

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Young people on roll at 1 January
Added during the year
Coming off during the year
865
129
91
851
118
132
Young people on roll at 31 December
Young people awaiting selection
889
22
851
38
Total young people being helped
911
889
The b8ckgrounds of young people on the roll as at 31 December were as follows:
2023
2022
Pa￿nIS Saparatedl Divorced
Parent(8) Deceased
Single Mothers
Parent{s) Disabledl Chronlcally ill
PaTent(s) Unemployedl Low Income
other
329
172
113
92
128
55
38
19
13
10
14
329
169
118
88
108
39
39
20
14
10
13
Total
889
100
851
100
The Governors were onc8 again encouraged by the level of Subscription income the Soci8ty received from
Presbyterian congregations and individuals.
Their consistent generosity, despite challenging economic
CITGumstances, continues to Inspire and demonstrates an unwavering support from across the Church for the
Society's work.
The Board of Govemors remaln steadfastty commltted to developlng relevant projects which provide for the
appropriate pastoral care and support of Presbyterian children and young people, and to encourage them to
achieve their fvll potential.

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Financlal review
The net income for the year amounted to £130,599. Comparatively in 2022 this was net expenditure of £40,940.
The income for the year amounted to £1,025.567 (2022 - £862,455).
Grant expenditure to individuals decreased by 1.1 Yo to £679,468 (2022 - £687,500).
In 2023 bequests totslled £187,932 (2022- £16,727).
The Governors have been encouraged in the economic climate by the level of subscriptions of £351,202 (2022 -
£363,948). These subscriptions, together with dividends, inlerest, and income from other sources, have ensured
that the Society remains in a satisfactory financial position to carry out its charitable activities.
Investment management fees decreased by 5.90/0 to £60,445 (2022 - £64,285), govemance costs increased by
13.ots/o to £139,856 (2022 - £123,755) and fundraising costs increased to £11,199 (2022 - £9,056). Fundraising
costs accounted for 3.10/0 of subscription In¢ome12022- 2.50h).
Investment Poll¢y
The Soaety's fund managers during the year were Sarasin & Partner8 LLP who were Instructed to pursue a
policy of maximising income whilst maintaining some capital growth. This policy is CUTrenUy perfomied in
accordance with the Society's ethical guidelines which states that there should be no direct investment in any
company with a significant interest in alcohol, tobacco, gambling, indiscriminate weaponry or convenh'onal
weapons, pornography, or exploitative child labour. The Society's preference is for nil investment in any
companies in the above sectors, but the size and cornplex nature of corporations means they rnay have
unintended exposures to certain sectors. This may be a negligible part of their overall business, or they may be
in the prO￿5S of disposing of these operations. Therefore, the use of the significant interest criteria allows for
Ihese practical considerations. The parameters for equity investment uses a definition of significant interest as
company thal derive up to approximately 100/0 of turnover from the above list.
R•8erve8 Policy
It Is the policy of the Soclety to maintain unrestrlcted funds which are free resenie8 of the So¢l8ty, at a level whlch
equates to approximately one year's unrestricted expenditure.
This provides sufficient fvnds to cover
management and administration costs and respond to emergency applications for grants which arlse from time to
time.
Rlsk Management
The Governors have examined and assessed the major risks to which the Society is exposed, in particular, those
relaled to the operations and finances of the Society and are satisfied that adequate systems are in place to
mitigate any exposure to major risks. There is 8 formal risk assessment and documentation of Process.
Golng Concem
The Governors believe that there are no material Un￿rtaIntieS that cast significant doubt about the Society's
ability to continue as a going concern and the financial statements have been prepared on this basis.

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Administrative details and Govemors
Please refer to the legal and administrative informalion page for administrative details and a list of Governors.
Structure Govemance and Mana
ement
Govemlng document
The Presbyterian Children's Society is registered as a charity with the Charity Cornmission for Northern Ireland
(Registered Charity Number. NIC101444). The Socièty is govemed by Scheme No. 58 under the Education
Endowments (Ireland) Act 1885.
Organlsation
A Board of Governors of 18 members has overall responsibility for the chaiity. Meeting bi-annually, the Board
possess the authority to administer Ihe charity and manage its day to day operations. However, daily
management of the charity has been delegated to the Executive Secretary who is directly responsible and
accountable to the Board,
Appolntment of Govemor8
There is an informal stnjcture for appointment and training of Governors. In determining the appropriateness of
appointing a new Govemor the charity considers the skills and willingne5S to seNe of that individual.
Pay policy for Govemors and SL
All Govemors give their time freely and did not receive remuneration during the year. The pay of senior staff 18
reviewed annually.
RÉlat•d parti08
None of our Govemors recelve remuneration or any other benefit from thelr work with the charity. There were no
relate(J p8ty transactions during the year.
Plan8 for future pèrlods
The Society's work continues to be overseen by the Board of Governors and regular liaison in temis of strategic
direction, and any matters critical to the Society's essential work, takes place between the Executive Secretary
and the Honorary Officers appointed by the Board.
A formal strategic plan will be considered by the Board at a later date.

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Disclosure of Infomiatlon to the audltors
So far as each person who was a Gov8mor at the date of approving this report is aware, there is no relevant
audit information, being information needed by the auditor in connection with preparing its report, of which the
auditor is unaware. Each Governor has taken all steps that helshe is obliged to take as a Governor in order to
make himselflher5elf aware of any relevant audit information and to establish that the auditor is aware of that
information.
Audltors
Harbinson Mulholland have 8xpress8d their willingness to continue in office as auditors. A resolution proposing
their reappointment will b8 consid8r8d at the Society's Annual General Meeting.
The Govemors, report was approved by the Board of Governors.
Mr J G Nicholson, BA (Hon8)
Executive
cretary

THE PRESBYTERIAN CHILDREN'S SOCIETY
STATEMENT OF GOVERNORS. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Govemors are required to prepare financial statements for each financlal year that give a true and fair vlew of the
state of affairs of the Society and of the net movements in funds of the Society for that period. In preparing those
financial statements, the Govemors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent-
state whether applicable accounting standards have beèn followed, subject to any material d8partures
dis¢losed and 8xplain8d in the financial statements; and
prepare the financial statements on the goino con￿rn basis, unless it is inappropriate to presume that the
Society will continue in business.
The Governors are responsibl8 for keeping proper accounting records that are sufficient to show and explain the
Society's transactions and disclose with reasonable accuracy at any time the financial position of the Society and
enable them to ensure that the financial statements comply with the Charities A¢1 (Northern Ireland) 2008 the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to Charities preparing their accounts in
accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021
(Charities SORP (FRS 102>. They are also responsible for safeguarding th8 assets of the Society and hence, for
taking reaso
able
leps for the pr
ention and detection of fraud and other irregularlties.
Mr l Mcminn, MBE
Honorary Treasure
Dated..

THE PRESBYTERIAN CHILDREN'S SOCIETY
INDEPENDENT AUDITOR'S REPORT
TO THE GOVERNORS OF THE PRESBYTERIAN CHILDREN'S SOCIETY
Oplnlon
We have audited the financial statements of The Presbyterian Children's Society (the 'Society') for the year ended
31 De￿rnber 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash
flows and notes to the financial statements, induding significant accounting policie5. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Financial Repothng Standard applicable in the UK and Republic of
I￿land (United Kingdom Generally AC￿pted Accounting practi￿).
In our opinion, the financial statements=
give a true and fair view of the state of the charity's affairs as at 31 December 2023 8nd of its incoming
resources and application of resources, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Acc6Pted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Charities Act (Nl) 2008.
Basis for oplnlon
We conducted our audit in accordance with Intematlonal Stand8rds on Auditing {UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs r85ponsibilitie8 for th8 audit of
the financial statements section of our report. We are independent of the Society in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appTOPri8te to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Govemors, use of going concern basis of
accounting in Ihe prepar81ion of the financial statements is appropriate.
Based on the work we have performed, w8 have not Identified any materlal uncertainties rel8llng to events or
conditions that, individually or colleclively, may cast significant doubt on the charity's ability to conlinue as going
concern for a period of at least twelve months from when the finan￿al statements are authorised for issua,
Our responsibilities and the responsibilities of the Governor8 wilh resped to going concem are described in the
relevant sections of this report.
other Infomiatlon
The other information comprises the information included in the annual report, other than the financial statements
and our auditorfs report thereon, The Governors are responsible for the other information contained within the
annual report. OUT opinion on the financial statements does not cover the other information and we do not express
any fomi of assurance condusion thereon. Our responsibility is to read the other information and, in doing so,
consider whether the other information is materially inconsistent with the financial statements or our knowledge
oblained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent malerial misstatements, we are required to determine whether this gives rise to a
material misstatement in the financial statements themselves. If. based on the work we have perfomied, we
conclude that there is a material misstatemenl of this other information, we are required to report Ihal fact.
We have nothing to report in this regard.

THE PRESBYfERIAN CHILDREN'S SOCIETY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE PRESBYTERIAN CHILDREN'S SOCIETY
Matters on whlch we are requlred to report by exception
We have nothing to report in respect of the following matters in relatlon to which the Charitie5 (Accounts and
Reports) Regulations 2008 require us to report to you if, in our oplnlon..
the information given in the financial ststements is inconsistent in any material respect with the Governors,
port; or
sufficient accounting records have not been kept., or
certain disclosures of trustees, remuneration specified by law are not made- or
we have not received all the information and explanations we require for our audit.
Responslbllities of Governors
As explained more fully in the statement of Governors, responsibilities, the Govemors are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
internal control as the Governors determine is necessary to enable the preparation of financial statements thet are
free from material misslatement, whether due to fraud or error. In preparing the financial statements, the Governors
are responsible for assessing the Society's ability to continue as a going concem, disclosing, as applicable, matters
related to going concem and using the going concern basis of accounling unless the Govemors either intend to
cease operations, or have no realisti'¢ altemative but to do so.
Audltorf8 r••pon81bllltles for the audlt of tho flnancial 8t•t•ment8
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to Issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is nol a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misstatement when rt exists. Misstatements can arise from fraud or
error and are considered material rf, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, oullined above, to detect material misstalements in respect of irregularities, induding
fraud. The extent to which our procedures are c8pable of detecting irregularities, including fraud, 18 detailed below.

THE PRESBYfERIAN CHILDREN'S SOCIETY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE PRESBYTERIAN CHILDREN'S SOCIETY
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including
fraud and non-compliance with laws and regulations, was as follows:
the engagement partner ensured that the engagement team collectively had the appropriate competence,
Capabilities and skills to identify or recognise non-compliance with applicable laws and regulations..
we identified the laws and regulations 8pplicable to the company through discussions with directors andlor
senior management, and from our commercial knowledge and experience of the sector,
We focused on specific laws and regulations which we considered rnay have a direct mat8rial effect on the
financial statements or the operations of the company, including Charities Act (Nl) 2008, taxation legislation, data
protection, anti-bribery, employment, environmental and health and safety legislation
we assessed the extent of compliance with the laws and regu18tions identified above through making
enquiries of manag6menl and inspecting legal Corresponden￿., and
identified laws and regulations were communicated within the audit team regularfy and the team remained
alert to instances of non-complian￿ throughout the audit.
We asses88d the susceptibility of th8 company's financial statements to material misstatement, induding obtaining
an understanding of how fraud might occur, by..
making enqulrles of management as to where they considered there was susceptlbllity to fraud, thelr
knowledge of actual, suspected and alleged fraud,. and
considenng the internal contro18 in place to mrtigate risks of fraud and non-compllance with laws and
Tegulations-
To address the risk of fraud through management bias and override of controls, we:
performed analytical procedures to identify any unusual or unexpected relationships.,
tested journal entries lo identify unusual transactions.,
assessed whether judgements and assumptions made in determining the accounting estimates set out in
Note 2 were indic8ts.ve of potential bias,. and
Investigated the rationale behind significant or unusu81 tran8actions;
In response to the rlsk of irregularities and non-compliance with laws and regulations, we designed procedures
which Included, but were not limited to..
agreeing financial statement disdosures to underlying supporting documentatlon;
reading the minutes of meetings of those charged with governance-
enquiring of management as to actual and potential litigation and claims,. and
reviewing correspondence with HMRC and the company's legal advisors.,
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulation5 to
enquiry of the directors and other management and the inspection of regulatory and legal COTrespondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from e￿or as they may
involve deliberate concealment or collusion.

THE PRESBYTERIAN CHILDREN'S SOCIETY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE PRESBYfERIAN CHILDREN'S SOCIETY
This report is made solely to the charity's members, as a b¢)Jy. in accordance with section 65 of the Charities Act
(NI) 2008. Our audlt work has been undertaken so that we might state to the charity's members those matters we
are required to stste to them in an auditor's report and for no other purpose. To the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body,
for our audit work,for this report, or for the opinions we have fomied.
Angala Craigan (Senlor Statutory Auditor}
for and on bèhalf of Harblnson Mulholland
Charterèd Accountants
statutory Audltor
Centrepolnt
24 Ormeau Avenue
Co. Anlrim
Northem Ireland
8T2 8HS
10-

THE PRESBYTERIAN CHILDREN'S SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted Endowment
funds
funds
2023
2023
Total
Total
2023
2022
Notss
Income from:
Donations and legaryes
Charitable activities
Investments
191.434
364,407
469,240
191,434
364,407
469,726
22,075
376,788
463,592
486
Totsl income and endowmonts
1,025,081
486
1,025,567
862,455
Ex
endlture
Raising funds
Charitable adivities
71,644
823,324
71,644
823,324
73,341
830,054
Total r080urc•¥ •xp•nded
894,968
894,968
903,395
Net gainsl(losses) on investments
12
557,966
557,968 {1,618,443)
Net movefflent In fund8
688,079
486
688,565 (1,659,383)
Fund balances at 1 January 2023
11,692,960
22,523 11,715,483 13,374,866
Fund balances at 31 December 2023
12,381,039
23,009 12,404,048 11,715,483
The statement of financlal activlti&s includes all galns and losses recognlsed in th8 year.
The statement of finanaal activlties includes all gains and losses recognised In the year. All income and expenditure
derlve from continuing 8Ctivltles.
The notes on pages 14 to 23 form part of these finanaal statements.
11

THE PRESBYTERIAN CHILDREN'S SOCIETY
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible assets
Investments
13
14
13,913
11,998,263
16.239
11,500,094
12,012,176
11,516,333
Current assets
Debtors
Cash at bank and in hand
15
50,364
366,885
6.108
216,115
417,249
222,223
Credltors: amounts falling du• wlthln
one year
16
{25,377>
(23,073)
Net current assets
391,872
199,150
Total a3¥ets10$8 currnnt Ilabilitioi
12,404.048
11,715,483
Capital lund$
Endowment funds
23,009
22,523
Income funds
Unrestricted funds
Revaluation reserve
12,378.762
2,277
11,690,683
2,277
12,381,039
11,692,960
12.404,048
11,715.483
The financial statements were approved by the Governors on .
Rev Dr J l Thompson, MBE, TD, DL, BSC. BD. MTh, Dmin
Presldent
Mr l Mcminn, MBE
Honorary Treasurer
The notss on pages 14 to 23 fomi part of these financial statements.
12-

THE PRESBYTERIAN CHILDREN'S SOCIETY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from operatlng activltles
Cash absorbed by operations
22
(378,755)
(499,996)
Investing activities
Purchase of tangible fixed assets
Purchase of investrnents
Proceeds on disposal of investments
Gainsl(losses) on investments
Dividend8 and interest réceived
(1,161)
(12,463,978)
12,144,530
379,776
463,592
(13,238)
113,793
(40,756)
469,726
Net cash generatsd from Investing
4¢tlvitie8
529,525
522,759
Nat ¢•8h u80d In financing •ctlvltles
Net in¢rea8e In ca8h and ca•h •qulvalents
150,770
22,763
Cash and cash equivalent8 at beginning of year
216,115
193,352
Cash and cash equlvolents at end of year
366,885
216,115
The notes on pages 14 to 23 form part of these financial statements.
13-

THE PRESBYTERIAN CHILDREN'S SOCIETY
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Critical accounting estimates and judgements
In the application of the Society's accounting policies, the Govemors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the esb'mate is revised where the revision affects only Ihat
period, or in the perioé of the revision and future periods where the revision affects both currenl and fLrture
perlods.
Accountlng pollc188
Charity inforrnatlon
The Presbyterian Children's Society is a charity registered In Northern Ireland, The registered offic8 is
Glengall Exchange, 3 Glengall Street, Belfast, BT12 SAB.
2.1 Accounting convention
The financial statements have been prepared in accordance with the Society's Constitution, the Charities Act
(Northern Ireland) 2008 and "Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo charities preparing Iheir accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102). {as amended for accounting periods commencing
from 1 January 2016). The Society is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts 8nd Reports) Regulations (Northern
Ireland) 2015 only to the extent required to provide a true and fair view. This departure has involved following
the St8tement of Recommended Practice for charities applying FRS 102 rather than the version of the
Statement of Recommended Practice which is refe￿ed to in the Regulations but which has slnce been
withdrawn.
The finandal statements are prepared in sterling, which is the functional currency of the Society. Monetary
amounts in these financial statements are rounded to the nearest £.
The financlal statements have bèen prepared under the historical cost convention, moélfied to indude the
revaluation of freehold properties and to include investment properties and certaln financial instruments at fair
value. The principal accounting pollcies adopted are set out below.
2.2 Golng con¢em
At the time of approving the financial statements, the Govemors h8ve a reasonable expectation that the
Society has adequate resources to continue in operational existence for the foreseeable future. Thus the
Governors conlinue to adopt the going concern basis of accounting in preparing the financial stalements.
2.3 Charitable funds
Unreslricted funds are available for use at the discretion of the Governors in furtherance of their charitable
objectives unless the funds have been designated for other purpose5. In addition to expenditure on orphans
and children, such funds may be held in order to finance capital investment and working capital.
Designated funds are amounts set aside from unrestricted fijnds which have been 'earmarked' for particular
purposes.
Endowment funds are funds given lo the charity which must be held permanently by the charity, mainly as
investrnenls. Income arising on the endowment fund may be used in accordance with the objects of the
endowment. Any capital gains or losses arising on the investments form part of the fijnd.
14-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
{Contlnued)
2.4 Income
Income is recognised when the Soci8ty is legalty entitled to it after any performance conditions have been
met, the amounts can be measuréd reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Othèr donations are rècognised once the Society has been
notified of the donation. unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donatlons received under Gift Aid or deeds of covenant is recognised at the time of
the donation.
Legacies are recognlsed on receipt or otherwise if the Society has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
conts'ngent asset.
2.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligatlon lo make a payment to a third party, it
Is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure is classified under activity headings. Where costs cannot be directly attributed to particular
headings they have all been allocated to activities on a basis consistent with the use of the resources.
Management and administration cost5 are those incurred in connection with administration of the charity and
compliance with constitutional and statutory requirements.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
2.6 Tanglble ffixed a88ets
Tangible fixed assets are initially measured at cost and subsequenlly measured at cost or valuation, net of
depreciation and any irnpairment losses.
Depreciation is recognised so as to WTite off the cost or valuation of a88ets less their residual values over their
useful lives on the following bases..
Office Equipment
Computer Equipment
Ground Rents
25010 Reducing Balance or 20¥0 Straight Line
50Yo Reduang Balan¢e or 200h Straight Llne
The gain or loss arising on the dlsposal of an asset Is detemiined as the differ8nce between the sale
proceeds and the carrying value of the asset, and Is recognised in the statement of finan¢lal activities.
2.7 Flxed asset investments
Fixed asset investments are initially measured at Iransaction pri￿ excluding transaction costs, and are
subsequently measured at fair value at each reporting dale. Changes in fair value are recognised in net
Incomel(expenditure) for the year. Transaction costs are expensed as incurred.
2.8 Impairnient of fixed assots
At each reporting end date, the Society reviews the carrying amounts of its tsngible assets to detemiine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
2.9 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with bank5, Other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borr¢)wings in current liabilities.
15-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policies
Iconllnued
2.10 Financlal in8trumonts
The Society has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments a￿ recognised in the Society's balan￿ sheet when the Society becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable Tight to sel off the recognised amounts and there is an intention to $8tt1e on a
nel basis or to realise the asset and settle the liability simultaneously.
Baslc flnancial a$$ets
Basic financlal assets, which include debtors and cash and bank balances, are initially measured at
transaction price includlng transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitute5 a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortl8ed.
Basic flnancial Ilabllities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligalions lo pay for goods or sep4ices that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognitlon ol flnanclal Ilabilities
Financial liabilities are derecognised when the Society's contractual obllgations expire or are dlscharged or
cancelled.
2.11 Employee benefits
The cost of any unused holiday entitlement is recognised In the period in which the employ8e's seryices are
re￿ived.
Termination b8nefits are recognised immediatety as an expense when the SoGiety 18 demonstrably committed
to temiinate the employment of an employee or to provide temiination benefits.
2.12 Retiremont benefits
Payments to defined contribution retirement benefit schemes are charged as an expense a5 they fall due.
16-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Donations and legacles
Unrestri¢tsd
funds
Totsl
2023
2022
Donations and gifts
Legacies receivable
3,502
187,932
5,348
16,727
191,434
22,075
Charitable •ctlvltle8
2023
2022
Subscrrptions
Estate of James Bell
Franas Curley Charitable Fund
Presbyterian Fire Insurance Tru8t
Rents
351,202
19
12,221
164
801
363,948
19
11,258
151
1,412
364,407
376,788
Inve8tment•
Unr•strlctsd Endowmont
funds
funds
Total
Total
2023
2023
2023
2022
Income from Ilsted investments
Interest receivable
464,514
4,726
486
465,1)JO
4.726
463,000
592
469,240
486
469,726
463,592
For the yoar ended 31 December 2022
463,106
486
463.592
17

THE PRESBYfERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Expendlture on raising funds
Unrestrlcted Unrestrictsd
fund¥
funds
2023
2022
Fundraising and publicity
11,199
9,056
Investrnent management
60,445
64,285
Total costs
71,644
73,341
Charltsble actlvltle8
2023
2022
Stsff costs
Depreciation and impairment
Quarterly regular grants
Interim grants
Summermlnter bonus
Exception81 grants
Sm811 groups grant scherne
Pre$b￿erian family holiday
88,585
2,324
450,426
16,985
153,170
58,857
4,918
10,775
84,375
2,094
437,560
23,220
150,590
76,130
15,446
786,040
789,415
Share of support costs (see note 8)
Share of governance costs (see note 8)
29,965
7,319
38,167
2,472
823,324
830,054
18

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Support costs
Support Governance
costs
costs
2023
2022
Office rent
GU￿encY loss
Printing and ststionery
Postage
Telephone
Insurance
Miscellaneous office expen888
12,740
1.283
2,269
3,633
2.997
1,561
5,482
12,740
1,283
2,269
3,633
2,997
1.561
5,482
14,762
(1.948)
5,228
4,028
2,775
1,343
11,979
Audit fees
Legal and professlon81
2,520
4,799
2.520
4,799
2,472
29,965
7.319
37,284
40,639
Analysed between
Charitable activities
29,965
7,319
37,284
40,639
Govemor•
None of the Governors (ar any persons connected with them) received any remuneration or benefits frorn the
Society during the year.
10 Employees
The average monthly number of employees during the yèar was:
2023
Number
2022
Number
Ernployrnent costs
2023
2022
Wages and salaries
Soaal security costs
Other pension costs
67,730
13,118
7.737
63,834
12,902
7,639
88,585
84,375
There were no employees whose annual remuneralion was more than £60,000.
19-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Employee8
(Continued)
Remuneration of key management personnel
The remuneralion of key management personnel is as follows.
2023
2022
Aggregate compensation
42,486
41,440
11 Tax•tlon
The chaTIty Is exempt from taxation on Its activities because all ils income is applied for charitable purposes.
12 Net gain81{10••98) on Inv88tment•
Unrestricted
funds
Totsl
2023
2022
Revaluation of investments
557,966 (1,618,443)
13 Tangible fixed assets
Offlco
4ulpmant
Cofflput•r Ground Ront•
Equlpffl•nt
Totsl
Cost
At 1 January 2023
Dlsposals
13,943
(1,468)
17,812
21,908
53,663
(1,468)
At 31 D8cemb8r 2023
12,475
17,812
21,908
52,194
Dopreclation and Impalmient
At 1 January 2023
Depreciation charged in the year
Eliminated in respect of disposals
12,452
712
(1,488)
12,584
1,613
12,408
37.424
2,325
(1,468)
At 31 December 2023
11,696
14.177
12,408
38,281
Carrying amount
At 31 De￿mber 2023
779
3.634
9.500
13,913
At 31 De￿mber 2022
1,491
5,248
9,500
16,239
14 Fixed asset investments
-20-

THE PRESBYfERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
14 Fixed asset inve6tmènts
(Continued)
Ustod
Investments
Cost or valuation
At 1 January 2023
Additions
Unrealised gains
DIspo8als
11,500,094
13,238
598,723
(113,792)
At 31 December 2023
11,998,263
Carrylng amount
At 31 December 2023
11,998,263
At 31 December 2022
11,500,094
15 Debtorn
2023
2022
Amounts falllng due wlthin one year:
Other debtors
Prepayments and accrued income
48,835
1,729
4.570
1,538
50,364
6,108
16 Cmdltorn: amounts falllng duo wlthin on• year
2023
2022
Other credltors
Ac¢ru81s and deferred income
398
24,979
23,073
25,377
23,073
17 Retlrement benefit 8cheme•
Deflned contributlon scheme8
The Society operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Society in an independently administered fund.
The charge to profft or loss in respect of defined contribution schemes was £7,737 (2022 - £7,639).
21

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
18 Endo￿nent funds
Endowment funds represent assets which must be held permanently by the Society. Income arising on the
endowment funds can be used in accordance with the objects of the Society and is included as unrestricted
income. Any capitsl gains or losses arising on the assets form part of the fund.
At 1 January
2023
Incoming
rn8ource8
At31
December
2023
Pennanent ondowments
22,523
486
23,009
Prevlous year:
At 1 January
2022
Incomlng
re80urce8
At31
D•cember
2022
Pomianent endowment•
22,037
486
22,523
19 Unrogtricted funds
The unrestricted funds of the charity comprise the unexpended balan￿8 of donations and grants which are
not subjed to specific conditions by donors and grantors as lo how they may be used. These indude
d88ignated funds which have been set aside out of unrestrictsd funds by the trustees for specific purposes.
At 1 January
2023
Incoming
rMource8
R•$ources
expended
Gain8 and
1088e8
At31
December
2023
General funds
11,692,960
1,025,081
(894,968)
557,966
12,381,039
Prevlous year:
At 1 January
2022
Incoming
resources
Re3ourc85
expended
Gains and
108ses
At31
December
2022
General funds
13,352,829
861,969
(903,395) (1,618,443) 11,692,960
-22-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
20 Analysi6 of not assets between funds
Unrestrlcted Endowment
funds
funds
2023
2023
Total
Total
2023
2022
Fund balances at 31 December 2023 are
represented by:
Tangible assets
Investments
Current assetsllliabilities)
13,913
11,998,263
391,872
13,913
16,239
11,998,263 11,500,094
391,872
199,150
12,404,048
12,404,048 11,715,483
21 Related party transactlons
There were no dlsclosable related party transactions durlng the year (2022 - none).
22 C•$h generated from op•ratlon8
2023
2022
Surplusl{deficit) for the year
688,565
(1.659.383)
Adjustments for..
Investment income recognised in statement of financial activities
Fair value gains and108ses on investments
Depredatlon and impainnent of tangible fixed assets
(469,726)
(557,966)
2,324
(463,592)
1,618,443
2,094
Movements in working capital:
(Increase)Idecrease in debtors
Increase in creditors
144,258)
2,304
1,411
1,031
Cash ab•orbed by operatl¢ns
1378,756)
(499,996)
-23-

THE PRESBYfERIAN CHILDREN'S SOCIETY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
This page does not fomi part of the statutory financial statements vthith are the subject of the independent auditols
report.
2023
2022
Revenue Income
Subscriptions
Dividends and Interest
Chari18ble rental income
Bank Interest
Estate Of James Bell
Francis Curley Charitable Fund
Pres. Fire Insurance Trust
351,201
465,000
802
4,726
19
12,221
164
363.948
463,000
1,412
592
19
11,258
151
834,133
840.380
Legacies and donation8
Legacies receivable
Donations and gift8
187,932
3.502
16,727
191,434
22,075
Totsl Revenue Income
1,025,567
862,455
Revenue Expendlture
Quarterly regular grants
Interim grants
Summermfjnter Bonus
Exceptional grants
Staff costs
Miscellanèous office expenses
Office rent
Printing and stationery
Fundraising
Audil fees
Postage
Telephone
Insurance
Investment managemenl
Depreciation and impaimient
Presbylerian family holiday
Small groups grant scheffle
Currency loss
Legal and professional
450,426
16,985
153,170
58,857
88,585
5,482
12.740
2,269
11,199
2,520
3,633
2,997
1.561
60.445
2,324
10,775
4,918
1,283
4,799
437,560
23,220
150,590
76,130
84,375
11,979
14,762
5,228
9,056
2,472
4,028
2,775
1,343
64,285
2,094
15,446
(1,948)
Total Revenue Expendlture
894,968
903,395
Net incomlngl(outgoing) resources forthe year
130,599
(40,940)
-24-