Charlty registration number NIC1014441Northem Ireland)
THE PRESBYTERIAN CHILDREN'S SOCIETY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE PRESBYTERIAN CHILDREN'S SOCIETY
LEGAL AND ADMINISTRATIVE INFORMATION
Presldent
Rev Dr J l Thompson, MBE, TD, DL, BSC, BD, MTh, Dmin
Wice Presldent
Mr W N Bennett Bsc (Econ) Hons, IPFA
Honorary Secretsry
Mr N WTodd. BEd, MA, Msc
Honordry Treasuror
Mr l Mcminn, MBE
Governors
Rev Dr L E Carroll, BA, BD, PhD, LLCM
Mr B Corry, ACII, DipPFS
Mrs H Hamilton, BSG (Econ), ACA
MT C Kerr. QFSM, DL. BA, Msc
Rev P A McBride, BEd, 8D
His Honour J A H Martin, LLB, DipL4W, BL, KC
Mrs H Morrow. BA, FCA
Rev T C Morrison, BA, BD
Mrs J E Wilson, MB, Bch, BAO, MRCGP
Mr5 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, Oipmin
Responslble for day to day
admlnistratlon of the charlty
Mr J G Nicholson, BA (Hons>
Charity number
Reglstered offl¢e
Glengall Exchange
3 Glengall Street
Belfast
BT12 SAB
Audltor
Harbinson Mulholland
6th Floor Easl Tower Lanyon Plaza
8 Lanyon Place
Belfast
Co. Antrim
BT13LP
Bankers
Danske Bank
Donegall Square West
Belfast
Co. Antrim
Northern Ireland
BT16JS
Solicitors
Carson McDow811
Murray House
Murray Street
Belfast
BT16DN

THE PRESBYTERIAN CHILDREN'S SOCIETY
CONTENTS
Page
Govemors, Report
ststement of Govemors, Responsibilities
Independent Audltofs Report
7-10
ststement of Financial Activities
11
Balance Sheet
12
Statement of Cash Flows
13
Notes to the Financlal Ststements
14-23
Detailed Statement of Financial Activites
24

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Governors present their report and the audited financial statemènts for the year ended 310ecember 2024.
The financial statements compty with Accounting and Reportin9 by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102}.
Purp¢>se and Alms
The Society's purposes are outllned as follows:
Making Grants for or towards the education and maintenance of children selected as outlined in the
grant making procedure. The benefit that flows from this is that the well-being of children and their
families is enhan￿d by basic financial needs being addressed andlor poverty alleviated. An annual
means testing procedure ensures families are in need of assistance and therefore will benefit from the
financlal grants provided. The Society invites applications for the funding of grants to individuals through
their ministers. These applicalions ar8 then reviewed against specific criteria and obj8Ctives which are
set by the Govemors, in a¢cordance with the objects of the Society.
In addition to the above, a further purpose Is caring for and supportlng children in need whether materlal,
physical, mental. emotional and spiritual and promoting their material, physical, mental. emotional and
spiritual development whether through their families, Church or community or otherwise howso8ver that
they may grow to full maturity as individuals and members of society. The b8nefil that flows from this
purpose is that the well-being of families and their children is enhanced by schemes which are financially
supported by the Society. The Society's funding provides opportunities for children and their families to
develop materially, physically. mentally, emotionally, and spiritually.
Objective, Perfomiance and Achievèments
The 2024 objectives included the following..
supporting around 880 Presbyterian children and young peop18 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 exceptional grants.,
supporting eligible Presbyterian families lo attend the PCI Family Holiday-
delivering a programme of small grants to support congregational acllvlties among chlldren and young
people.
There was a substanlial level of attainment in ￿latIon to major objectlves during Ihe year to 31 December 2024.
Durlng 2024 the number of young peop18 being helped by the Society was comparable to the previous year.
At 1 January 2024 the number was 911 and at 31 December it was 877.

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Young people on roll at 1 January
Added during the year
Coming off during the year
911
95
163
851
129
91
Young people on roll at 31 December
Young people awaiting selection
843
889
22
Total young people being helped
877
911
The backgrounds of young people on the roll as at 310ecember were as follows:
2024
2023
Parents Separat8dl Divorced
Parent(s) D8C8ased
Single Mothers
Par8nt(s) Disabledl Chronically ill
Parent(s) Unemployedl Low Income
Other
37
18
13
10
15
329
172
113
92
128
55
148
19
13
10
14
125
61
Total
843
100
889
100
The Governors were once again encouraged by th8 level of subscription income the Society ra￿1Ved from
Pr&sbylerian congregations and individuals.
Their consistent generosity, despite challenging economic
circumstances, continues to inspire and demonstrates an unwavering support from across the Church for the
Society's work.
The Board of Governors remain steadfastly committed to developing relevant projeds which provlde for the
appropriate pastoral Care and support of Presbyterian children and young people, and to encourage them to
achieve Iheir full potential.

THE PRESBYTERIAN CHILDREN'S SOCIETY
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financlal revlew
The net income for the year amounted to £244.508. Comparatively in 2023 this was net income of £130,599.
The income for the year amounted to £1,141,966 (2023- £1,025,567).
Grant expenditure to individuals increased by 0.1.￿ to £680,236 (2023 - £679,468).
In 2024 bequests totalled £263,642 (2023 - £187,932).
The Govemors have been encouraged in the economic climate by the level of subscriptions of £389,34012023 -
£351,202). These subscrlpiions. together with dividends, interest. and income from other sourc8s, have ensured
that the Society remains in a salisfactory financial position to carry out its charitable activities.
Investment management fees increased by 8.7°/o to £65,716 (2023 £60,445), governan￿ costs increaséd by
2.50kn to £143,400 {2023 - £139,856) and fundraising costs decreased to £8,106 (2023 - £11,199). Fundraising
costs accounted for 2.1 •A of subscription income (2023- 3.1 ts/0).
Investment Policy
Th8 Society's fund managers during the year were Sarasin & Partn8rs LLP who were Instructed to pursu8
policy of maximising income whilst maintaining some capital growth. This policy Is currently performed in
accordance with the Society's ethical guidelines which states that Ihere should be no direct investment in any
company with a significant interest in alcohol, tobacco, gambling. indiscriminate weaponry or conventional
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 complex nature of corporations means they may have
unintend8d exposures to certain s8Ctors. This may be a negligible part of their overall business, or they may be
in the process of disposing of these operations. Therefore, the use of the significant interest criteria allows for
these practical considerations. The parameters for equity investment US8s a definition of significant interest as
company that derive up to approximately 100/0 of turnover from the above list.
Reserves Pollcy
It is the policy of the Soclety to maintain unrestrlcted funds which are free reserves of th8 Soclety, at a level which
equates to approximately one year's unrestricted expenditure. This provides sufficient funds to cover
management and adminlslralion costs and respond to emergenw applications for grants which arise from time to
time.
Risk Management
The Governors have examined and assessed the major risks to which the Society is exposed, in particular, those
related 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 a formal risk assessment and documentation of process.
Going Concern
The Governors believe that there are no material uncertainties 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 2024
Administrative detsils and Governors
Please refer to the legal and administrative information page for administrativè details and a list of Governors.
Structure Governance and Mana
ement
Governing document
The Presbyterian Children's Society is registered as a charity with the Charity Commission for Northern Ireland
(Registered Charity Number: NIC101444), The Society is governed by Scheme No. 58 under the Education
Endowments (Ireland) Act 1885.
Oryanisatlon
A Board of Governors of 18 members has overall responsibility for the charity. Meeting bi-annually, the Board
possess Ihe authority to administer the charity and manage ils day to day operations. However, daily
management of the charity has been delegated to the Executive Secretary who is dire¢lly responslble and
a￿oUntable to Ihe Board.
Appointment of Governors
There is an informal structure for appointment and training of Governors. In determining the appropriateness of
appointing a n8w Governor the charity considers the skills and willingness to serve of thal individual.
Pay pollcy for Governors and staff
All Governors give their time freely and did not receive remuneration during the year. The pay of senior staff is
reviewed annually.
Related partie8
None of our Governors receive remuneration or any other benefit from their work with the charity. There were no
related paty transa￿lOnS during the year.
Plans for future perlods
The Society's work continues to be overseen by the Board of Governors and regular lialson in terms of strateglc
direction, and any matters critical lo the Society's essential work, lakes place be￿een the Executive Secretary
and the Honorary Officers appointed by the Board,
A formal strateglc 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 2024
Disclosure of infomiation to the auditors
So far as ea¢h person who was a Govemor 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. Eath Govemor has taken all steps that helshe 15 obliged to take as a Governor in order to
make himselflherself aware of any relevant audit infomiation and to establish that the auditor is aware of that
information.
Auditors
Harbinson Mulholland hav8 expressed their willingness to continue in office as auditors. A resolution proposing
their reappointment will ba considered at the Society's Annual General Meeting.
The Governors, r8POrt was approved by the Board of Governors.
Mr J G Nicholson, BA (Hons)
Executlve Secreta
Daled..

THE PRESBYTERIAN CHILDREN'S SOCIETY
STATEMENT OF GOVERNORS. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Govemors are required to prepar8 financial statements for each financial year that give a true and fair view 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 Governors are requir8d to..
select suitable accounting polici8s and then apply them consistently.,
make judgements and estimates that are reasonable and prudent.,
stste wh8ther applicable accounting standards have been followed, subject to any matarial departures
disclosed and explained in the financial ststem8nts', and
prepare the financial statements on the going concern basis, unless it is inappropriate to presume that th8
Society will continue in business.
The Governors are responsible for keeping prop8r accounting records that ar8 sufficient to show and 8xplain thè
Society's transactions and disdose with reasonable accuracy at any time the financial position of th8 Society and
enable them to ensure that the financial statements comply with the Charities Act (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 lo chanties preparing their accounts in
accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102)
{Charilies SORP (FRS 102). They are also responsible for safeguarding the assets of the Society and hence, for
taking reasonable steps for the p
vention and detectlon of fraud and other irregularities.
Mr l Mcminn, MBE
Honorary Treasu
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 December 2024 which comprise the slatement of financial activities, the balance sheet, th8 Statement of cash
flows and notes to the financial statements, including significant accounting policies. 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 Rgporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted Accounting Practi￿1.
In our opinion, the financial statements..
give a tru8 and fair view of the state of the charity's affairs as at 31 December 2024 and of its incoming
resources and applicalion of resources, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
hav8 been prepared in accordance with the requirements of the Charities Act INI) 2008.
Basis for oplnlon
We conducted our audlt in accordance with International Standards on Auditing (UK> {ISAs (UK)) and appllcable
law. Our responsibilities under those standards ar8 further described in the Auditors responsibilit18s ft)r the audit of
th8 financial statements sedion of our report. We are indep8ndent of the Society in accordance wllh the ethical
requirement5 thal are relevant to our audit of the financial statements in thg UK, including Ihe FRC'S Ethical
Standard, and we have fulfilled our other ethi¢al r8sponsibililies in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a bas[5 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 the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Governors with respect to going concern are descrlbed in the
relevant sections of this report.
Other Information
The other infonnation comprises the information included in the annual report, other than the financial statements
and our auditor's report Ihereon, The Governors are responsible for the other information contained within the
annual report. Our opinion on the financial statements does not cover the other information and we do not express
any form of assurance conclusion thereon. Our responsibility is to read th8 Other information and, in doing so,
consider whether the other informalion is materially inconsistent with the financial statements or our knowledge
obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misslatements, we are required to determine whether this gives rise to a
material misstatement in the financial statements themselves. If, based on the work we hav8 performed, we
conclude that there is a material misstatement of this other infomiation, we are required to report that 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
Mattery6 on which we are required to report by exceptlon
We have nothing to report in iespect of the following matt8rs in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if. in our opinion..
the information given in the financial statements is inconsistent in any mat8rial respect with the Governors,
report.. or
sufficient accounting records have not been kept- or
rtain disclosures of trustees, remuneration specified by law are not made- or
we have not received all the information and explanations we require for our audtt.
Responsibilitieg of Governors
As explained more fully in the statement of Governors, responsibilities, the Governors are responsible for the
preparation of the financial stalemenls 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 pr8paration of financial statem8nts that are
free from material misstatement. 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 accounting unless the Governors either inlend to
cease operations, or have no realisli¢ alternative but to do so.
Auditorfs re8pon$lbllltles for tho audit of the financlal statsments
Our objectives are to obtain reasonable assurance 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 assuranc8 but is not a guarantee that an audit conducted in accordance
th ISAS (UK) will always detect a malerial misstatement when il exists. Misstatements can arise from fraud or
error and are considered material if, 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, outlined above. to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregulariti8s, including fraud, is detailed below.

THE PRESBYTERIAN 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 materlal misstatèment in r8sped 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 applicable to the company through discussions with directors andlor
senior management, and from our commercial knowledge and experience oflh8 sector,.
We focused on specifi¢ laws and regulations which we considered may have a direct material effect on the
financial slatemenls or the operations of the company, induding 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 regulations identified above through making
enquiries of management and inspecting legal correspondence., and
identified laws and regulations were communicated within the audit team regularly and the team remained
alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtalning
an understanding of how fraud mighl occur, by..
making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual. suspected and alleged fraud.. and
considering the internal controls in plac8 to mitigate risks of fraud and non-compllanc8 with laws and
regulations.,
To address the risk of fraud through management bias and override of controls. we..
performed analytical procedures to id8ntfy any unusual or unexpected r8lationships;
tested journal entries to identify unusual transactions.,
assessed whether judgements and assumptions made in detemilning the accounting estimates sel out in
Note 2 were indicative of potential bias; and
investigated the rationale behind significant or unusual transa¢llons',
In response to the rlsk of irregularitl88 and non-compliance with laws and regulations, we deslgned procedures
which included, but were not limited to:
agreeing financial statement disclosures to underlying 5UPPOrting do¢umentalion',
reading the minutes of meetings of those charged with governance.,
enquiring of managemenl 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 il is that we would become aware of non-complian￿.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to
enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they rnay
involve deliberate concealment or collusion.

THE PRESBYfERIAN CHILDREN'S SOCIETY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE PRESBYTERIAN CHILDREN'S SOCIETY
This report Is made solely to the charily's members, as a btyjy, in accordan¢8 with sectlon 65 of the Charilies Act
(NI) 2008. Our audlt work has been undertaken so that we mlght state to the charity's members those matters we
are required to state to them in an auditor's report and for no other purpose. To the fLJllest extent permitted by law,
we do not accept or assume responsibility to anyone olh8r than the charity and the charity's members as a bcrfly,
for our audit work,for this report, or for the opinlons we have formed.
(.fv( l.. C fCL,
Angèla Cralgan (S8nlor Statutory Audltor)
for and on behalf of Harblnson Mulholland
Chartered Accountants
Statutory Audltor
6th Floor East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
Co. Antrim
1110412025
10-

THE PRESBYTERIAN CHILDREN'S SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestrlcted Endowment
funds
funds
2024
2024
Total
Totsl
2024
2023
Notss
Income from:
Donations and legacies
Charitable activities
Investments
265,493
403,135
472,852
265,493
403,135
473,338
191.434
364.407
469,728
486
Total Incom• and endowments
1,141,480
486 1,141,966 1,025,567
endlture on:
Raising funds
Charitable activities
73,822
823,636
73,822
823,636
71,644
823,324
Total re80urces expended
897,458
897,458
894,968
Net gainsl{losses) on investments
13
1,019,799
1.019,799
S57,￿6
Net movement in fund$
1,263,821
486 1,264,307
688,566
Fund balances at 1 January 2024
12,381,039
23,009 12,404,048 11,715,483
Fund balances at 31 December 2024
13,644,860
23,495 13,668,355 12,404,048
The statement of financial activities includes all galns and losses recognised in the year. All income and expenditure
derive from continuing activities.
The not85 on pages 14 to 23 form part of these financial $tatsm8nts.
11

THE PRESBYTERIAN CHILDREN'S SOCIETY
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
Inv8Stments
14
15
11,937
13.116,180
13,913
11,998,263
13,128,117
12,012,176
Current assets
Debtors
Cash at bank and in hand
16
6,773
556.218
50,364
366,885
562,991
417,249
Credltors: amounts falllng due wlthin
one year
17
(22,753)
(25,377)
Net current assets
540,238
391,872
Total assets lags current liabllltles
13,668,355
12,404,048
Capitsl funds
Endowment funds
19
23,495
23,009
Income funds
Unrestricted funds
Revaluation reserve
13.642,583
2,277
12,378,762
2,277
13,644,860
12,381,039
13.668,355
12,404,048
lo- ¢>K4 - TrrJ
nancial statements were approved by the Govemors on ...............
v Dr J l Thompson, MBE, To, DL, BSC, BD, MTh, Dmin
Presldent
Mr l Mcminn, MBE
Honorary Treasurer
The notes on pages 14 to 23 fomi part of these financtal statsments.
12-

THE PRESBYTERIAN CHILDREN'S SOCIETY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from op8ratlng actlvitie8
Cash absorbed by operations
23
(185.887)
(378,755)
Inve8tlng activltles
Purchase of investments
Proceeds from disposal of invastments
Gainsl{losses) on investments
Investment incom8 received
(2cKJ,002)
119.766
{17,882)
473,338
(13,238)
113,793
(40.756)
489,726
Net ¢a8h generated from Inve8tlng actlvllles
375,220
529,525
Net cash generated from flnan¢lng activitle8
Net Increaso in ca8h and ¢a8h equivalents
189,333
150,770
Cash and cash equivalents at beginnlng of year
368,885
216,115
Cash and cash equivalents at end of year
556,218
366,885
13-

THE PRESBYTERIAN CHILDREN'S SOCIETY
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Critical accounting estimates and judgements
In the application of the Society's accounting policies, the Governors are required to make judgem8nts,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other SoUr￿s. The estimates and associated assumptions are based on historical experienc8 and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estlmates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only thal
period. or in the period of the revision and future periods where the revision affects both current and future
periods.
Accounting pollcles
Charlty information
The Presbyterian Children's Society is a charity registered in Northem Ireland. The registered office 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, th8 Charities Act
(Northern Irelandy 2008 and 'Accounling and Reporting by Charities: Stalement of Recommended Practice
applicable to charities preparing their 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 hava departed from the Charities (Accounts and Reports) Regulations {Northern
Ireland) 2015 only to the extent required to provide a true and fair view. This departure has involved following
the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the
Statement of Recommended Practice which is referred to in the Regulalions but which has since been
withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Society. Monetary
amounls in these financial statements are rounded to the nearest £.
The financial stat8ments have b8en prepared under the hlstorlcal cost convention, modified to include Ihe
revaluation of freehold properties and to Include investment propertles and ￿rtaIn financial Instruments at fair
value. The princlpal accounting polides adopted are set out below.
2.2 Going concern
At the time of approving the financial statements, the Governors have a reasonable eXpe￿allOn that the
Society has adequate resources to continue in operational existen￿ for the foreseeable future. Thus the
Governors continue to adopt Ihe going concern basis of accounting in preparing the financial statements.
2.3 Charitsble funds
Unrestricted funds are available for use at th8 discretion of the Governors in furth8rance of their charitable
objectives unless the fvnds have been designated for other purposes. 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 funds which have been 'earmarked' for particular
purposes.
Endowment funds are funds given to the tharity which must be held permanently by the charity, mainly as
investments. Income arising on the endowment fvnd may be used in accordance with the objects of the
endowment. Any capital gains or losses arising on the investments form part of the fund.
14-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Icontlnued)
2.4 Income
Income is recognised when the Society is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. other donations are recognised once the Society has been
notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax
recoverabl8 in relation to donations received under Gift Aid or deeds of Covenant is recognised at the time of
the donation.
Legacies are recognised on receipt or olherwise 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
contingent asset.
2.5 Expenditure
Expenditure is recognised On￿ there Is a18g81 or constructive obligation lo make a payment lo a third party. it
is probable Ihat settlement wlll be required and the amount of the obligation can be measured reliably.
Expenditure is classifie(l 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 costs 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 Ihe activity for which the expenditure was incurred.
2.6 Tangiblo fixed assets
Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to wrfte off the cost or valuation of assets less their residual values over their
US8ful lives on the following bases..
Office Equipment
Computer Equipment
Ground Rents
25 % Reducing Balance or 200A Straight Line
500/0 Reducing Balance or 200A Straight Line
00
The gain or loss arising on the disposal of an asset is detemiined as the difference be￿een the sale
proceeds and the carrying value of the asset, and is recognised in the Statement of financial activities.
2.7 Fixed asget inveslments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value ar8 recognised in net
incomel{expenditure) for the year. Transaction costs are expensed as incurred.
2.8 Impaimient of fixed assets
At each reporting end dale, the Society reviews the carrying amounts of its tangible assets to determine
whether there is any indication thal Ihose assets have suffered an impairment loss. If any such indication
exists. the recoverable afflount of the asset is estimated in order to detennine the extenl of the impairment
loss (if any).
2.9 Cash and cash equivalents
Cash and cash equivalents include ¢ash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank ovefdrafts are shown
within borrowings in current liabilities.
15-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcles
{Continued)
2.10 Financlal instruments
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 are recogni5ed in th8 Society's balance sheet when the Society becomes party to the
ontractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enfor￿able right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise thé asset and settle the liability simultan8ously.
Basic financial assets
Basic financial ass8ts, which indude debtors and cash and bank balances, are Initially measured at
transaction price including transaction costs and are subsequently carried at amortised ¢ost using the
effective int8r8St method unless the arrangement Constitutes a financing transaction, where the transaction Is
measured at the present value of the future receipts discounted at a market rate of interest. Flnancial assets
classified as r8ceivable within one year are not amortised.
Basic financlal Ilabllltles
Basic financial liabilit18s. including credrtors 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 creditor5 are obligations to pay for goods or services 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 inillally at
transaction price and subsequently measured at amortised Cost using the effective interest method.
Derecognltion of financlal Ilablllties
Financial liabilities are derecognised when the Society's contractual obligations explre or are dis¢harged or
cancelled.
2.11 Employee benefits
The cost of any unused holiday entitlement is r8cognised in th8 period in which the employee's seNices are
received.
Termination benefits are recognised immediately as an expense when the Society is demonstrably committed
to terminate the employment of an employee or to provide temination benefits.
2.12 Retlrement benefrt8
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
16-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Donatlons and legacles
Unrestricted
funds
Totsl
2024
2023
Donations and gifts
Legacies receivable
1,851
263,642
3,502
187,932
265,493
191,434
Charltable actlvitlos
2024
2023
Subscriptions
Estate of James Bell
Francis Curley Charitable Fund
Presbyterian Fire Insuranc8 Trust
R8nts
389,340
19
13.265
351,202
19
12,221
164
801
511
403,135
364,407
Invostments
Unre8trlcted Endowment
funds
funds
Total
Total
2024
2024
2024
2023
Income from listed investments
Interest receivable
464,514
8.338
486
485,000
8,338
465,000
4,726
472.852
486
473,338
489,726
For the year ended 31 Decembor 2023
469,240
486
469,726
17-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendfture on rdislng funds
Unrestrictod Unrestricted
funds
funds
2024
2023
Fundraising and publicity
8,106
11,199
Snv8Stment management
65,716
80,445
Total costs
73,822
71,644
Charltablo actlvltie8
2024
2023
Staff costs
Depreciation and impairment
Quarterty regular grants
Interim grants
Summerlwinter bonus
Exceptional grants
Small groups grant scheme
Presbylerian family holiday
75,622
1.976
439,061
20,895
155,780
64,500
5,588
12,900
88,585
2,324
450,426
18,985
153,170
58.857
4,918
10.775
776,322
786,040
Share of support costs (see nole 9)
Share of governance costs {see note 9)
34,192
13,122
29,*5
7.319
823,636
823.324
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl(crediting)'.
Fees payable for the audit of the charIt￿S financial ststements
Depreciation of owned tangible fixed assets
2,452
1,976
2,520
2,324
18-

THE PRESBYfERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs
Support Governance
costs
costs
2024
2023
Office rent
Currency loss
Printing and stationery
Postage
Telephone
Insurance
Mis￿lIaneouS offlcè 8XP8nses
14,132
4,027
1.878
3.581
2,856
1.596
6,122
14,132
4,027
1,878
3,581
2,856
1,596
6,122
12,740
1,283
2.269
3,633
2.997
1,561
5,482
Audlt fees
Legal and professional
2,452
10,670
2.452
10.670
2,520
4,799
34,192
13,122
47,314
37.284
Analysed between
Charitable activities
34,192
13,122
47,314
37,284
10 Governors
None of the Governors (or any persons connected with them) recelved any remuneration or banefrts from th8
Society during the year.
11 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Employment costs
2024
2023
Wages and salaries
Social security Costs
Other pension costs
57,789
10,702
7,131
67,730
13,118
7.737
75,622
88.585
There were no employees whose annual remuneration was more than £60,000.

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11
Employees
{Continued)
Remuneration of key management personnel
The remuneration of key manag8ment personnel was as follows..
2024
2023
Aggregate Compensation
46.193
42,486
12 Taxallon
The charity is exempt from taxation on Its activities because all Its Income Is applied for Charitable purposes.
13 Net gainsl(10889s1 on Investments
Unrestricted
funds
Total
2024
2023
Revaluation of investments
1,019,799
557,986
14 Tanglble fixod agsets
Offico
Equlpmont
Computor Ground Ront•
Equlpment
Totsl
Cost
At 1 January 2024
12,475
17,812
21,908
62,194
At 31 De¢emb8r 2024
12,475
17,812
21,908
52.194
Depreclailon and impalmient
At 1 January 2024
Depreciation charged In the year
11.696
363
14,177
1,613
12.408
38,281
1,976
At 31 December 2024
12,059
15,790
12,408
40,257
Carrying amourrt
At 31 De￿mber 2024
416
2.021
9,500
11,937
At 31 December 2023
779
3.634
9,500
13,913
-20-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1S Flxed asset Investments
Listsd
investments
Cost or valuatlon
Al 1 January 2024
Additions
Unrealised gains
Disposals
11,998,263
200,002
1,037,681
(119,766)
At 31 December 2024
13,116,180
Carrying amount
At 31 December 2024
13,116,180
At 31 December 2023
11,998,263
16 Debtorg
2024
2023
Amounts falling due wlthln one year:
Other debtors
Prepayments and accrued income
5,011
1,762
48,635
1,729
6,773
50,364
17 Credltors: amounts falling due wlthin one yoar
2024
2023
Other creditors
Accruals and deferred Income
463
22.290
398
24,979
22,753
25,377
18 Retirement benefit $¢heme8
2024
2023
Deflngd contributlon schemes
Charge to profit or loss in respect of defined contribution schemes
7.131
7,737
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.
21

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Endowment funds
Endowment funds represent assets which must b8 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 capital gains or losses arising on the assets form part of the fund.
At 1 January
2024
Incomlng
resources
At31
December
2024
Pèrmanent endowments
23,009
486
23,495
Provlous year:
At 1 January
2023
Incoming
r•source8
At31
December
2023
PernHn•nt endowment8
22,523
486
23,009
20 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balanc8s of donations and grants which are
not subject to specific conditions by donors and grantors as lo how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
Galns and
At31
losse8
D•cember
2024
At 1 January
2024
Incomlng R•8our¢os
resources
expend•d
General funds
Revaluation reseNe
12,378.762
2.277
1,141.480
{897,458)
1.019,799
13.642,583
2,277
Previous year.
At 1 January
2023
Incoming
resources
Resources
expended
Galn$ and
losses
At31
December
2023
General funds
Revaluation reserve
11,690,683
2,277
1,025,081
(894,968)
557,966
12,378,762
2,277
-22-

THE PRESBYTERIAN CHILDREN'S SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2024
21 Analysis of net assets between funds
Unrestricted Endowment
funds
funds
2024
2024
Total
Total
2024
2023
Fund balances at 31 December 2024 are
represented by..
Tangible assets
Investments
Current assetsl(liabilities)
11,937
13,116,180
540,238
11,937
13,913
13,116,180 11,998,263
540,238
391,872
13,668,355
13,668,355 12,404,048
22 Related party transaGtions
There were no disclosable relaled party Iransactlons during the year (2023 - non8).
23 Cash absorbed by operation8
2024
2023
Surplus for the year
1,264,307
688,585
Adjustments for:
Investment income recognised in statement of financial activities
Fair value gains and losses on investments
Depreciatlon and impairment of tangibl8 fixed assets
(473,338)
(1,019,799)
1.976
(469,726)
(557,966)
2,324
Mov•ments In worklng capital:
De¢reasel(incr8asel in deblors
(Decrease)lincrease in creditors
43,591
(2,624)
{44,2561
2,304
Cagh ab8orbod by operatlons
(185.887)
(378,755)
-23-

THE PRESBYTERIAN CHILDREN'S SOCIETY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
This page does not form part of the statutory financial statements which are the subie¢t of the independent auditor's
report.
2024
2023
Revenue Income
Subscriptions
Dividends and Int8rest
Charitable rental income
Bank Interest
Estate Of James Bell
Francis Curley Charrtable Fund
Pres. Fire Insurance Trust
389,340
465.000
511
8,338
19
13,265
351,201
465,Crf)O
4,726
19
12.221
876,473
834,133
Legaci•s and donatlon8
Legacies receivable
Donations and gifts
283,642
1.851
187,932
3,502
265,493
191,434
Total Revenue Income
1,141,966
1,026.567
Revenue Expenditure
Quarterly regular grants
Interim grants
Summertwinter Bonus
Exceptional grants
Staff costs
Miscellaneous office expenses
Office rent
Prlnting and stationery
Fundraising
Audit fees
Postage
Telephone
Insurance
Investment management
Depreciation and impairment
Presbyterian family holiday
Small groups grant scheme
Currency loss
Legal and professional
439,061
20,895
155,780
64,500
75,622
6,122
14,132
1,878
8,1C
2,452
3,581
2,856
1,596
65,716
1,976
12,900
5,588
4.027
10,870
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
Total Revenue Expenditure
897,458
894,968
Net incomingl(outgolng) resources for the year
244,508
130,599
-24-