2024-12-31-accounts

ANNUAL REPORT and FINANCIAL STATEMENTS For the year ended 31 December 2024

Society for the Orphans and Children of Ministers and Missionaries of the Presbyterian Church in Ireland

Charity registration number NIC101833 (Northern Ireland) Company registration number R0000680

CONTENTS

CONTENTS
	Pages
Foreword	2
Annual General Meeting	3-5
Information	6-7
Financial Statements	8-29

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Society for the Orphans and Children of Ministers and Missionaries of the Presbyterian Church in Ireland

Dear Friend,

On behalf of the Board of Directors, I would most sincerely like to thank all those congregations and individuals who have faithfully supported the work of the Society during the past year.

Through your generosity, we continue to make a positive difference to the lives of the children and young people of our Ministers and Missionaries.

I commend the work of the Society to you for your continued prayerful and financial support.

Yours sincerely

Mr Jason Nicholson

Secretary/Treasurer

Glengall Exchange, 3 Glengall Street, Belfast BT12 5AB: Telephone [phone] President: Mr H. M. Orr, K.C.

Honorary Secretary/Treasurer: Rev S. P. Moore, B.Sc., B.D., P.G.C.E. Secretary/Treasurer: Mr J. G. Nicholson, B.A. (Hons)

REGISTERED WITH THE CHARITY COMMISSION FOR NORTHERN IRELAND NIC101833

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ANNUAL GENERAL MEETING

The Annual General Meeting of the Society for the Orphans and Children of Ministers and Missionaries of the Presbyterian Church in Ireland was held in Meeting Room 7, Assembly Buildings, Belfast on Tuesday 11[th] March 2025 at 12 noon. Arrangements for the meeting had been approved by the Board of Directors.

Welcoming Directors and guests to the meeting, Mr Mark Orr, K.C., President of the Society, illustrated the importance of the work of the Society by referring to his own experience of having been supported by the Society as a child, following the untimely death of his late father. He continued:

It gives me the greatest pleasure to welcome you all to the 152[nd ] Annual General Meeting of the Society for the Orphans and Children of Ministers and Missionaries of the Presbyterian Church in Ireland.

I would now invite Rev Stephen Moore, Honorary Secretary and Treasurer of the Society, to present his Annual Report.

The Report of the Honorary Secretary and Treasurer of the Society , was presented as follows:

Matthew provides us with an insightful summary of the ministry of Jesus among the people of his day:

35Jesus went through all the towns and villages, teaching in their synagogues, proclaiming the good news of the kingdom and healing every disease and illness.[36 ] When he saw the crowds, he had compassion on them, because they were harassed and helpless, like sheep without a shepherd.[37 ] Then he said to his disciples, ‘The harvest is plentiful, but the workers are few.[38] Ask the Lord of the harvest, therefore, to send out workers into his harvest field.’

(Matthew 9:35-38)

Jesus clearly prioritised the teaching and proclamation of the gospel message of salvation, but not to the exclusion of providing practical help and physical healing to those in need. This reflects God’s concern for us in the wholeness and oneness of our humanity.

It is so moving to see the deep compassion that lay at the heart of Jesus’ motivation as he discerns the lost and hopeless nature of the people he encounters. He, the Good Shepherd who lays down His life for the sheep, cares for them regardless of whether they respond to his invitation to follow Him or not.

However, He exercises particular compassion towards those sheep who respond to His call to follow Him, but who also experience suffering and sadness. Jesus’ heart breaks when His disciples go through dark valleys, but He is the one who fulfils the promise of Psalm 23 by walking especially close to them on those parts of their journey which are overshadowed by despair and death.

Furthermore, Jesus is deeply concerned to ensure that there are sufficient workers to engage in the harvest. The existence of a support network for those workers and their families helps to encourage and foster a willingness to serve.

So it is that the Society for the Orphans and Children of Ministers and Missionaries of the Presbyterian Church in Ireland continues to share in the ongoing ministry of Christ by providing practical support for those families of the under shepherds and harvest workers which are in distress and beset by difficulties.

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In 2024, the Society for the Orphans and Children of Ministers and Missionaries of the Presbyterian Church in Ireland supported seven orphans in four families. A total of £23,455 in grants was made to these families during the year. Assistance is provided to such children, if necessary, up to the age of twenty-five. Following the assignment of appropriate funds to the orphan children, the available balance is used to help with the educational and other expenses of ministerial, missionaries’ and deaconesses’ families where there are exceptional needs and where income is limited. In 2024, a total of £18,001 was given in education grants to sixteen ministerial families and four missionary families. A further £500 was also disbursed to alleviate short-term (emergency) needs by way of exceptional grants.

The Society’s income during 2024 amounted to £16,408. This was made up as follows: Bank Interest £803; the Francis Curley Charitable Trust £13,265; and subscriptions from individuals and congregations totalling £2,340. A total of £41,956 was paid out in grants (across all categories), expenses were £11,533 and investment management fees were £6,307. There was a budgeted deficit of £43,388 at the end of the year which, having been previously agreed by the Board of Directors, was addressed by our cash balances in Danske Bank. The net value of our assets as of 31st December 2024 was £1,292,659.

Mr John Hunter, who has provided the Board of the Society with wise and helpful counsel over many years, has indicated that he plans to resign as a Director in March 2025. The Directors have noted his intended resignation with regret and express their sincere appreciation for his substantial contribution to the maintenance of good governance.

The articles of our association require that one third of the Directors retire each year by rotation. This year Mr Martin Hampton, Rev Dr Gerry Clinton, Rev Lachlan Webster, Rev Barry McCroskery and Rev Sam Castles are required to retire but are eligible for re-election. We are delighted that they are all willing to continue serving on the Board.

The Directors record their gratitude to their counterparts in the Presbyterian Children’s Society for the use of office facilities and staff resources.

We are greatly indebted to our Executive Secretary, Mr Jason Nicholson, for his dedication and devotion to the work of the Society, more than ably supported by Mrs Amy Boyd and Mrs Angela Magill.

The Chairman, Mr Mark Orr, K.C., in moving the First Resolution, said:

I would like to thank my colleagues on the Board of Directors for their dedication and support to the work of the Society throughout the year. In particular, I acknowledge the commitment of the Honorary Secretary, Rev Stephen Moore, who undertakes a significant workload on behalf of the Society whilst also serving a busy Belfast congregation. Finally, our sincere thanks to the entire staff team for all their diligence and hard work throughout the year.

I am also pleased to welcome to our meeting the former Moderator of the General Assembly, Very Rev Dr David Bruce, B.Sc., B.D., D.D.

In seconding the First Resolution, Dr Bruce said:

Mr Chairman, I am delighted to formally second the resolution before us, and in doing so I affirm the valuable work that the Society does, at this its 152[nd] Annual General Meeting.

The twin aims of the Society are

• a) To provide grants towards the education, maintenance and advancement in life of Orphans of Ministers, Missionaries, and Deaconesses of the Church

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• b) To assist Ministers, Missionaries and Deaconesses in the education, maintenance and advancement in life of their chidlren.

I remember well when I became an orphan. It was six years ago, the same year that I became a grandfather. And perhaps this is what our society in general has come to expect – that the harsh realities of tragedy in family life through the early loss of parents, are not how things will or should be. But the sad facts remain that sometimes tragedy strikes, and the circumstances which follow, require practical, compassionate help.

The assistance which the Society also provides to Ministers, Missionaries, and Deaconesses towards the education and maintenance of their children, has proved to be of genuine value, well beyond the financial additions to the family budget. It demonstrates a heart of compassion towards servants of the Church who have followed God’s call, not for financial reward, but out of faithfulness to God and his mission in the world. In short, it says that we care.

So, in seconding this resolution, I greet you on behalf of the Moderator Designate who is attending another conference, and on behalf of the General Assembly, assuring the Directors and the Secretary of the deep appreciation of the wider Church.

Following this, the Chairman, Mr Mark Orr, K.C., invited Mrs Naomi Leremore, Global Mission Worker (Keyna), to propose the Second Resolution.

In proposing the Second Resolution, Mrs Leremore said:

Mr Chairman, Directors, Colleagues and Friends of the Society,

Thank you for the opportunity to speak to this resolution. My family have benefited first-hand from the work of this great Society, and we are deeply grateful to you for all of the support over many years. Knowing that we have the support of others at home, makes our work so very far away all the easier. Your generous support has enabled my children to enjoy opportunities, to buy materials for their courses, and tuition to nourish their talents. Thank you most sincerely. Finally, I have the great pleasure in proposing the Second Resolution:

“That the Directors retiring by rotation be reappointed, and that Harbinson Mulholland be appointed auditors for the ensuing year.’’

The Chairman, Mr Mark Orr, K.C., then invited Dr Volker Glissmann, Global Mission Worker (Malawi), to second the Second Resolution:

In seconding the Second Resolution, Dr Glissmann said:

Mr Chairman, Directors, and Friends of the Society,

I am very pleased to have the opportunity to address this meeting today. Like my colleague, I can verify the real difference that the annual grants from the Society have made to my family, and in particularly my children. They have helped my children to enjoy positive educational opportunities and experiences, and enabled us as a family, a long way from home, to enjoy some material comforts. We are deeply grateful to the Society for its generosity, and to its subscribers for their help. Thank you all, most sincerely.

Finally, it gives me the greatest pleasure in seconding the resolution.

Both resolutions were put to the meeting and adopted.

The meeting closed with the Benediction.

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INFORMATION

1. Objects of the Society - (The following is an extract from the Society's Memorandum and Articles of Association):-

2. The Objects for which the Society is established are:

3. (a) To make grants from the funds of the Society for and towards the education, maintenance, and advancement in life of Orphans of Ministers and Missionaries and Deaconesses of the Presbyterian Church in Ireland. Such assistance shall, in each case, be given with due regard to the circumstances and needs of such orphans. Each case must be reconsidered at the annual period of distribution. Except in cases of students for the Ministry, no assistance shall be given to persons above 25 years of age. Preference shall be given to orphans who have lost both parents.

4. (b) To assist Ministers, Missionaries and Deaconesses in necessitous circumstances in the education, maintenance and advancement in life of their children, subject to the limit of age stated in paragraph (a) of this clause, provided that any funds are available after providing for orphans as aforesaid, as the Directors of the Society (hereinafter referred to as "the Directors") shall in their absolute discretion determine.

5. Applications for Grants - should be made not later than 1[st] April for Orphan cases, and 18[th] September for cases in which the father is alive. Application Forms may be obtained from the Secretary.

6. Education Grants - are made for one year only (1[st] October – 30[th] September) and renewals must be re-applied for as above.

7. Donations and Subscriptions - will be gratefully received by The Secretary/Treasurer, Glengall Exchange, 3 Glengall Street, Belfast BT12 5AB.

8. Gift Aided Donations - are an easy and trouble free way of giving to the Society. Simply by signing a gift aid form you can enable the Society to claim back some of the tax you are currently paying to the Inland Revenue. Tax laws in the United Kingdom make this possible at no extra cost to yourself but to the considerable benefit of the Society. Should you require any further advice regarding this matter, please contact: The Secretary/Treasurer at Glengall Exchange, 3 Glengall Street, Belfast BT12 5AB (Telephone: [phone]). Email [e-mail]

9. Form of Bequest - is set out below:

I bequeath to the Society called "The Society for the Orphans and Children of Ministers and Missionaries of the Presbyterian Church in Ireland" the sum of * ______ to be paid to the treasurer for the time being of the said Society, free of all deductions whatever, the receipt of the said treasurer to be discharge for the same.

* The sum to be written in full.

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CONGREGATIONAL SUBSCRIPTIONS

AHOGHILL, BROOKSIDE ANTRIM, HIGH STREET ARMAGH, THE MALL AUGHNACLOY BROUGHSHANE, FIRST BURT CAVAN DRUMLOUGH LARGY MONEYMORE, FIRST MONEYMORE, SECOND MYROE REDROCK AHOGHILL, BROOKSIDE ANTRIM, HIGH STREET ARMAGH, THE MALL AUGHNACLOY BROUGHSHANE, FIRST BURT CAVAN DRUMLOUGH LARGY MONEYMORE, FIRST MONEYMORE, SECOND MYROE REDROCK		200.00 300.00 300.00 150.00 146.00 150.00 164.17 100.00 275.00 114.00 86.00 200.00 30.00 2,215.17 200.00 300.00 300.00 150.00 146.00 150.00 164.17 100.00 275.00 114.00 86.00 200.00 30.00 £2,215.17
	£

PERSONAL SUBSCRIPTIONS

Personal donations, including gift aid, were also received by the Society to the amount of £125.28

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ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 December 2024

8

The Society for the Orphans and Children of Ministers and Missionaries of the Presbyterian Church in Ireland

Annual report for the year ended 31 December 2024

	Pages
Society directory	10 10
Trustees’ report	11 11
Statement of Trustees’ responsibilities	14 14
Independent auditors’ report	15 15
Statement of financial activities	17 19
Statement of financial position	18 20
Statement of Cash Flows	19 21
Notes to the financial statements	20 22
Detailed statement of financial activities	29 31

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THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYfERIAN CHURCH IN IRELAND LEGAL AND ADMINISTRATIVE INFORMATION ThJ•ts•• RevGAJ F￿￿Th￿IMTh lar M H)1)1￿ PILI Mr J Hunter &4 MBA CB H Johnston Bsc CIPD MA Rev S P Mo¢xe Bsc BO PGCE MrHMthrKC Rev L BTh (liF•A R•v th G W ch￿rt￿ Bsc IRCSII Msc CW•t PhD Dymin MDtr¥ Rev S J Caitl•s Bse BD Re¥ L W ￿ller Rw4 8 J McCTosk8ry Bse BD MPhll Mrs P McCulW BSC MS Mr•A St•*art MEd C•rtEd DASE LTIX (Resigned Ilth March 20251 9Thgr•ry 8•¢w•tsry Ind Tr•Mw•r R•v S P Mowe &Sc BO PGCE 8•¢rntsry aml TTr••¥r•r Mr J G NthI￿n BA{Honsl Ch•rlty Tr￿Mb•1 Cgmpany Nmb•r GWI Exehpr B•lla8t BT12 SAB Audltor Harbln•on MuMlaTrJ 6th Fkyy East Tow 8 PIX• Bollall BT1 3LP Bank• Dansk• Bank Bemat 8T18JS 80licitorn Mwray Hc¥Jse ￿￿TaY Slf•et BT18DN io

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees Iwho • also d•(thl Ilw repryt oTh1 tlw •Klrted fn•Kaal liat￿￿nIS lortho onded 31 Oecember 2024. The finanrAal slalements cth wrth Ihe Chaiitw Ad {NOrt￿th Irol¥Jl 2(Th. th• Companies Act 21M)6 and Al)￿nI￿ and R•ffi"ry by Ch•rts". Stalèn￿1 of ReC>M￿ Prad•x appltabl• to chanbe8 preparirrtj theSr ac(ounls ￿ ace¢darth ¥Ath thg Fina￿1￿1 R•F#ybty SlarJ¥d appkable Mi th• UK #nd Republlc of Ireland IFRS 1021. The thrily li •Mrned accordlng to the comp￿1 aThl wtkJ•s. R••ult• The nèt inLxwnlw lof lh• yw •)K￿ntsd to £98.917 {net ouWn9 movement in fund¥ 2023 . £58.3821. Total incom• ihtyed a 1,VA incr•aae C￿ tho w•¥kxi8 yew (2023. £16.1011. In￿1￿ •xpan￿1 inveased by 97.3%12023.. £3,196), marwgoffl•nt •nd govèmw •xpww irm•Md by 3.2% (2023.. £11.185} aThJ cadtai48 èXFthJrture in¢￿80d by 2 8%12023'. £40.810). The lcdI￿bnq n￿Mbar ol Im￿d.. 2024 20 Orphan Grnnt8 Educaiirffi Grwrt• 21 Havlng b•8n pr•¥byrnly •w•ed by lh• Bowd ol Irvxrn Irr￿ Inw•bMnt• durlng 2024. Grant.m8kty athivit8 funded frrrfn ¢•th •¢ Dwwo Bth. PrIncI￿1 •cU¥lth•. rwl•w ol th• bu•lnM• & fU￿rn d•¥•low• The pnnc¥l of th• Scw w• fr•," 10 ty gr)ts Imm lh• frJnd• of Ihe SW. orphan8 and chAdren of Mintsl8rs. MrJsK)n¥l•s ar￿ D8acxThss•s ol Ihe P￿by￿n ClwJrch In Ir•t•nd. 8Th1 (yJThJty', lo ossist Ministèrn, MIS￿0n3¢1es and DeKon•8ses ol tho Pr•strfftnan In Ireland in nec•s•ltfJJs orwm$lan¢x$ in the 8(knt4Uon of Ihèlr rhlldren. The d•¢t￿$ orKwrag¢d by of subsc¥ipbws for Ihe year aTrJ woubj thot c•ngr8gations ￿11 conbnu• to pr•y•ulty tsJMbJer ts red$ of this work of fv Churth. Ihe year th8 obpthv•s ol the chwty were to makè O￿an grnnt payrT￿ts gwti lo thihjren ol Minists￿. MI￿on￿rI•S and D8acKJn868e•, The Sodety for the Orphans arxl Chldr•n of Mini¥lws •rJ tho Prnsbylffi￿ Churc in IreLwYl tj gt$ter•d as a charSty with th• Ch#rili• Cwmis5￿ fty Nortln Iroland with r8wtiakn ryJrr&bw NIC101833. Th$ 2024 obiecti¥es ol The SWI th• and Clklth•n of Mrlst•rn aThJ Missx)nwws of the ProJbyt•rlan Churth In Ireland are as Ic4kFws". -To conts'nue to pay orphan grants lo thildren .To ￿"r￿Je to grant Thèse will be d¢peThJent upon th• apr4cms arh1 t F•J kn kne wrfh a5 51LDulat8d by the Sodely. li

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRES8YfERIAN CHURCH IN IRELAND TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEA18ER 2024 Ihe aJth0￿tY its Wjmintster dwty and ts day lo • Lw¥alxs. d￿Y mon•g¢m￿ of ¢harity has boen delegated to SeuetarylTr•a¥w•rwho i• lo th? board. Grnnt m•klng polky Thè eharlly inmtos Op￿￿¥110n9 lof the frJrthy olgrwrts to These arplulKYo we agw Ipeufic ￿terIa and objectives whth afv s•t by th• dir8Ctois. in pLoxdarth wth the obpclws of Ihe charity. Inv••tsMnt poU¢y charKY$ Ivnd • Sw•KI a LLP •K¥ w• lo pur%￿ • ol m•xlml•lf¥J Incom• whillt maintaining 8om8 Caprtal wcrfh. This perf￿￿ in ocwda￿ wrfh tm Sc4s •thul gLMdelin8s whlch prohibil InveJlmènt in ¢ompanio$ w4h spjnificanl irtWe8ts in ¥k4d, lobK<¢. manufath￿ry and expl¢ilative thikl laboui. It li lh• polky of fv dwrty to Ww••1￿ finJB, dth arn fr•• ￿ r•1•￿ of thè chlty. at o ￿¥•1 wh equal•s 10 approximat•ty one year's untestrict•d expen¢lfft This sufficwl funds lo eAMr mwm•rrt and admln151ratKsn eost$ and respond to •mwg•nw applulknn• lof grants whts￿ Irom IHn• to tim•. The direct￿$ have èxa￿[￿1 arKI rnajor iisks its th• thanty is èxpomd. ￿ parti￿1•r tho related lo the 0￿ra￿OnI and fin•ntss of the Scthty ￿ •r• th•1 •Joqu•i• sy5tWn8 ¥• li place so thal the nece88Ary Steps b• takèn lo ltsjae risks. Grnn¢• to ¢hlktr•n Durtrq th• y•ar the Sotydy h•• made ￿ 01£41.W l>)23.' £40.810) n•od. Golng conc•m Thts dkn¢¢i￿ bekve th•1 Ihwe are no maltrial uncrtaintN•s that cast slgnlficanl (J¢yJbt about the charity'8 #￿IllY to Itin￿ as a conc•m aThJ thè fin4nts4 Ststem￿S how t>een N•paf•d on thts basis. Dlr•etorn The dlreclows who served the Socty during the year are li8tod as part of ow Legal aThJ AdmirM$trabv8 Inknmakn. The dnLlors are appwled ￿ acwdanc• wth the companys menwxaTrdum anLI ar*'de¥. 12

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 comp8nle6 subj.ect lo thè tymol oJmpa• rngww wih"n w 15 ollhfr Comp•thAI# 2￿￿. Dl•clo•urn of Inlornmllon to lh• So far a• p•1•￿ ¥Jho * • ¢Jlr•K •t th• ¢J•K• ol reixt Is Mre. tsr• l• no felov￿ audit knlcKmallon, b•lrrfJ Infony￿ n••ded ty I￿￿¢01 C41nnacon preparing Ihis reF￿rt, ol the audttor18 urwiare. H8￿n9 m•J• •nqu¥iès of f•knv dirn¢￿ Ihe c4Jnwry'8 aLKlitor. thr•dor has lakon all the step8 Ihat hel•h• ts oblwd to lak• as a dir•¢￿ ￿ Ofdef ts m•k8 4wA(• rn1o¥ant a￿j Inlomal¥)n and to •stabli$h thai th• audrtor is aware ol ihat Informaim. Audltorn A rtssolullon to r••pOnt Hart>kn¢ffi Mull￿•3￿1 b• W to th• •1 the Arml G•nwal M8•ling. Thia r•Fryt ha¥ b￿n prepared Wbth fv •pea 4gWtable to wbJ•ct lo thè 8mAII COrn￿nieS r•9irne wth'n part IS ol A# 2(Th. y Ofd•r ol lh• 8oaf MrJ G N1th￿sC Secretary 041ed'. )2-t￿r 13

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Tnmtees, who a￿ JK the ¢Jrectors olTh• Sxi8ty fof ¢>phans and of Mthht•rs aThJ Missk>n•rie8 of th8 Pre6b￿erIaTr Churth in Ireland for thè of Cl￿panY iav, are 1•spryis￿e for y4)8rkn¥J tha TvJ•l•e$' Compony l#w th• Trust￿$ lo y•pw• fffiarwl StAt•m￿ for •ath fmarK4al year. Under that Lw tho TnLslee8 have prepared th• financial slalements in accordar￿ ￿1h Unrt•J Kw)gdom Acc(wJnthg Stand8rdo, comprv4iry FRS 102 -Tr FinaThJd Stsndard #pFtha￿ in tho UK and Republ￿ of Ireland.. and not appro¥e th¢ fin•nu¥ stat￿￿ unl•ss I￿Y ar• Sath$f￿ and 18w v6•w of the slal• of Iho affair5 of the Charitab￿ wmpany and ol th8 resoJrcth and apphcatb)n ol Incauding the ￿n￿m¥ and exp•n¢Yrfw¢, ol th• chailat4• Ihal In W•p￿9 Ih•se s1atwnw￿. th¢ Tms10 are required to.. . wl•cl Butsbkry acco￿lting ¥KI thèn 8Fpty th•m cfjnSi￿￿f. . observe the molhods and in of R•c#M￿8d Pra￿￿., Arthunting and ReportirMJ by Ch8nh•i120151; . make I￿10ments •stimat•s thai ar• r0a5c￿abKl aThJ prucknt." •nd . prepare the finwcial Statem￿14 ¢n th• gry'TrJ cxxK•m ￿15 unl•u il IA lo w•wm• Ihal the carllable company wll o)niinu• 4n Th• Trustees are rel￿1￿ ts k••Fry •lwai• •fX¥>h)try r•r￿d that w• suffid&nt Io 8IKw aTrJ ?xpl•ln the charitable cwpany'i lrnns>Sthi rylh r••%rfth •t tim• lh• w)silkn DI the ¢harrtal>le 0￿pary and •nabl• th•m to •nw• Ihai lh• s￿•monts tgxnpty ¥nth th• C¢Jnpantes 2006 and Chartt￿ Act (Nothem Iro￿￿J￿ 2[￿. They are akn leiF4￿s￿lI ￿le9UardIng as￿￿ ol Ihe charrtabkry e<Jmpany and hence for takkng reasonabl• 8t•pi fortr •)d d•l•dhJn ol fra￿1 and other Irr•gukqrhl•$. In chrtaln ebrtum$tsnC￿ dientl may chooM to indud• an 8ddNk)naf State￿nt h•r• l• r•qulr•d to b? m•d• wrthii tM d8cie(I' r•pyt as • res￿1 of SKbon 418 of the Comp•Th￿ Ad 2C#X. the dot¢ the th'rectors. r•port L8 aFprO￿d. that.. {al ao lar as th• tru•t•e Is aw*8. th•r• kn no r•lMnt al tho cornwy'8 •ud#orn ar• •waf•", •nd (bl he has taken all th8 that h¢ ou9M to ho￿ laken •B a trustge in wdor to mak• himMII th¥a￿ of any Rev S P Mooro Bsc BD PGCE Trustee Dat&J'. 14

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYfERIAN CHURCH IN IRELAND INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF THE SOCIEfY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYfERIAN CHURCH IN IRELAND Oplnlon Mis8lonan•s Of ihe Pr￿bYle￿8n Church in IreW Ilhe 'thartyl for the year ended 31 December 2024 whith comprise the slatenxni of finarKa xbwtles. the stslement of finaroal po￿tiOn. the Btalemenl of cash ntyv$ artd notes to the finanoal $tst8ments. indudtng ygnrfwl acrountsn9 The finana81 reportin9 fram¢work that has been appl￿￿ in ttw'r wep8ralkJn 18 applratye and Unrt6d Wom Acc￿11￿9 &8rKlard$, induding Finanoal Re(x)rting sithrd 102 The Fina￿￿al ReKKyb"ng Slandard in Ihe UK and R￿￿b￿ ol Irol8nLI In wr Opin￿n, the stslemenls. gwe a true and lalr view of lh• il•tg of ts ch•ril•bl• •ff•Ys ￿ at 31 0•￿b0( 2024 ond of Ils incomino rèsources and appIl￿b0￿ of resources. for the year then ended.. have been wrwiy prepared m wxudanc• Untsd K￿kjOrn G•nw8My A￿pt•d Acc￿n￿r￿a Pra￿￿., Ba•1• lor oplnlon We ¢t￿dUCted our In ac£)rdonrn ryth Intemaiiorwl Stsndard8 Audilthig IUKI IISAS (UK)) and ap￿katIe tw Our respoThs)Slrfiei undw thos• aiandards Bre further descrbtd ￿ Ihe Audilorfs r95ponslbilits•s for the audil of lh8 fina￿0} slalenKgnls sec1K￿ ol ￿ f•￿￿. 8¥e IndeF￿￿1 of Ihè d4nty In Kct¥d8nce wrth Ihe olhlcal uirements th•1 af• r•leaM io t￿r a￿Irt thf the finaTrJal stalementi UK. irKILwJing the FRC'I ElhlrAI Siand8rd. arKI w¢ hav• fv1fi118d Ouf •thul rèsp￿￿4111$ wi a¢)xrfdK wth rnquIreM￿ts ￿ b•hthp tho1 thè audit ewdenu we ha¥e oblain8d is suffKJMI appropriat• lo woYAl6 a baw• i)w 0KMn1￿. Alat•rf•l w)c•rtalnty r•l•l•d 10 9olng ci)nc•rn In feffjiirwj our on the finanoal slate0w￿$. whth IS not modrfd, w• hav• cons4der•d the adequgcy ol the J1#do$U￿ made In rrf)t• 1.2 to th• finarA 3tsi•m•it¥ Ilk• tharity's ats.lty to continue 88 a gdng ¢on¢gm. The charity has bo•n subjèct to a Staluw lrtquiry by Charity Ceffjmiss¥)n lof Northem Ireland. Th￿e ndilions. abng wilh the other matt•r5 txplain•d In 1.2 to th• fir￿￿81 118t8mènt8. indKal• the exl8t•nce ol rn818rlal unceflalnly which may casi significant doubl abovl the charty'i 8ts.hty lo tontinu• as a going Co￿rn The finanu statemerrti do not Ihe ¥djuslmwl$ tho1 mult rf the tharity ww• unth to c¥Jnltnu• as goin9 ￿nCerTh We have nothing to r•wt in respecl ol th• Di rda15on to the IS48 {UlQ requir• u• lo rep)rt to you wher8.. The Truslee8' ol th• gotho ¢mm bail8 of •x>)uthg in ts pr•walitin of th• fin8ncl•l ststorn•nls 15 not approprial•". or Thtr Trust•8s h•w dffj(x•d in th• fknarKa•f •t•tsMe￿ maten•l wrt¥￿Ik9l that may cast signfftant &wbt cliwity's "hty to to a¢W the ￿ ￿l¢aM b•si¥ of aminlfvJ for a perieJ ol al least rncrfths from Ihe dat• Ibe finarKaal slaiwnenls a￿ •UltKrfl￿ for 15

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND The other informatmin eomwi8•8 th• wi the Twsto•s' ReFYt, ts than th• fflnanc481 sialements and tyjr audrtof's rèport th•reon. The diretor8 are wpcwible for the other inlormotitin. Our cpinion Ihe flnanaal slat•m•nls doés not c¥)v•r th• ¢)thw Inform￿￿￿} aThJ. except lo tho &Ktent oth•Thvise èxphouy 8laled our report. we ¢Jo not éxpfess any form ol 8ssurarK• condu%on therwn. In conngLK)n ￿th our audrt ol the fina￿¥1 satwnent$. wr r¢spLYwbility is to r•atJ the other inforrnatkjn and, In knowled9e oblained in the audrt w 01h•￿ise appe•r• to be matenalty misstst•J. If w• l•ntrfy suth material In¢on3isl8nrye$ or •pparent material milslalements. we are reqwrgd to d￿#M11n• whothef there ig a mot•rtal m1$state￿Tht in Ihe finan(#al slalements Of a material misslatement of thè other inlom)ation. 11. based on Ihg work w• have perfo￿¢d. wo condud8 that there ￿ a matwal ￿￿$•¢0¢￿1￿1 of thii olher we are requir•d lo report that fxt. Mmtl•r• on whkh w• •r• r•qulw•d to by •xwll In the light ol Ihe knth¥ledgo and Und￿￿#￿thng ol chantab￿ company ￿ its •nbironmèni oblalned in th• ourse of the audit. w• have noi rtJ•ntffj•d maltsnal mS$Stat￿nIs ￿ th• SIr¥leg￿ Répofl 4r#J lh• Directors, Rep￿1. haN nothing to r•wt in r•w ol Ihè le4bwwy m•tt8rn in felalknn io whK lh• Charitt•8 (Aeeounts and Rop￿1 Rewlations 2(£48 r•y• UB to réF¢MI to you rf. 0￿￿￿. frorn branthe• nol visrted by u$. certain discloiuftss ol tru8t•88' iemunernlw)n spedlknd by law ￿ not m•dg' c th8 fin8nu818toièrnents ar• Th)¢ In agreement wilh Ihè actI)￿lIng r•cord8 and r•tum•,' we r•c•l¥ed al the •TrJ ￿￿an¥11￿$ w• r•qult• fc audlt. RMpoMit>ilitlH ol Tru•tw• Ao explained more fvlly In the stst8m•nt ofTrusle•s' mponwWth¢$, IM TN$lees, who are also the th'redors of the ¢h8rlty for Ihe purpo•e of company ￿. we respon￿￿ for Ihe preporo1•)n ol lh• finand81 ilatemenls and lor bèir¥J l•bsf￿d thal Ilw a In￿ aThl fr ¥18w. for intwnal wilrol ￿ th¢ Trust•tt d•t•miine ts neces￿ry to •nable the preparabw oi fin￿￿1 itstoments that are free frorn rn8￿91 rn1sstatem•nt. whether due lo fraud or In pr¢parin9 Ihg flnanual statements. the Tnjslees r• •uo$ing th• L•rty's a￿.Ity to ¢ertinu• as 90in9 ￿n￿rn, dixgosiTrJ. as appI￿Able. malter• rotslgd c&wm and U￿r￿j the goiThJ ¢0￿M tya$is of I¢￿￿tIng Unle￿ Ihe Trust￿ erth•r rteTrJ lo liwkJ•i• th• dwit¥bl• c%ffip8ny Of lo (••• operaticffjs, or hov8 Th) realistK afternallve bul lo do so. Audlt¢s Mpw•lbllllO•s forlh• audlt oftr• fi￿•￿1•1 •tst•Thnts Our objecbves are to rtitain reasonable assurarKe abwt whether the siatements 8$ o freè ffom maierial misstatement, whethei due lo fraud C￿ e￿or. and io issue An a￿lItt¢S rewl thal incl￿S OpinK￿. Reasonable gssurance is a high level of assurance bth 15 not a waranle• th an •udrt Ixjnducted in accordan ith ISAS IUKI will a￿ayS deted o material mBstatemtnt when rt exists. Misslatemenls can aris• from fraiKI or •rTor and are cong•Jered materi* rf. indNKlually or ￿ the agorwJal•. th•y (x)uld rg8sonably bg •x￿eted to 16

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND INDEPENDENT AUDITOR'S REPORT (coKfiNUED> TO THE TRUSTEES OF THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERJAN CHURCH IN IRELAND A fvrth8r desr•pts)n of w rnwstxlts ￿ a¥ailat4e on Il Ffftar¥i Repwts'ng Ccdmc4'8 w•bdt• at". https'.11 Ww.frc.or9.u￿aUdltrrye•wnSi￿1ths. Thm lomis part ofour repjrt. Our appro8¢h to Iden￿'￿Tra a58e6sin9 lh• n•ks of m•tsri4 kn r•yJgo of Mg￿8(￿1. ￿lUdi￿j fraud ond norkcompliarKe vAth laws and r8gtht￿S. wras ￿ follm.. . I￿ •ngaoem)t partrw •w8nl i••m colod￿•1Y h•d fv approprkqle compèt•nc•. paly"lities ar•J skilL8 to ¢y r•ttoThs• non-ctsrFli￿ w.th laws sTrd WulatiL￿S,. . we dentsfied the 1•4vs and r•gulalh)ns io the Lwpany thrw dtsutssbjns di¥Krs andlor locutsd on spwfk laws and reguLg1ion$ whith ¥¥FJ consldwed m•y hovg a dlf•Ct mat•rfal offecl on the finanual $18tgrnents ty the Operatity￿ of Ihe c4)rnpany. ind{￿ill9 Cry￿P￿lè5 Aet 2(J8. taxation l•gist•tion, dala enqulrS0s of Manag•m￿l and Misp•thng 1th3al cur•p￿•￿ertt". •nd . Idenllfi•d laws and iwlatxns w•r• comnwmut•d wthln th• l•wn ryl•rty t•wn rnmaknod alort to in$tanc•8 of ncTrcomp16anc• thrwhout th• a￿11t. a••eu•d Ihe suicwt4Mty fmrk>al 81•￿1￿￿ to malertd miBst•temont. Sncluding obl8lnlng Unders￿n9 ol frI￿j MVJM 0¢￿, ty." making enqiriM of management as to whero th•y thw• to fr8thJ. tho knovAed9e of actual. 6uspe¢led ¥nd allegod fraud.. 4 cons￿e￿n9 the intem¥l control$ kn pl•c4 lo rnrtwg rf•k¥ of fr•wl •r#J rthFrmplLgnc• wilh lo￿ v r•gula¢K)ns, . perfomied anatylc41 pro(xlwei to thntrfy any unu•u81 w unexpgothj r•lknthps'. l•st8d journal 8ntrie8 lo #Yenbty uThJ6ual transadws.. . AJ8988ed thlher judgernenls anrj as8urnplw• m•d• In deterrinkng thè •)>)￿￿"n9 •8dmal•s set Wl In No18 2 We￿ inth•tNe of pclenttral ts••'. •nd In response to the risk ol iThe9uWies •KI (•ll￿C￿. tA• dOsh￿d prc¢odurn6 whleh inthdtd. Ixrt were nol limrted to.. . agr8•lng fInar￿al slat•mÈni th'sdo4w•$ to underlyln9 doowne￿. . readmg the mThrt•s ol rneetings oftho8e charged wth govemanc'. eTh)urring of manag•rrnnt as to and F(Itnbal I￿.￿lOn and dalms,. and Th•r are Inhe￿nI limrtalions w) our audrt ryocwjwgs doKythd Th• rn￿￿ rtmov•d thal Im aThJ regvlO1ions are from flnandal tr8nsactths. the less lik•ty it is thal we woukl berknmè awart of non￿￿mPlI8nCe. Audsting standards also b.mrt thè audrt w￿¢durrt requir•d to K1enbfy rwl44ynpl￿nr¢ with laws and regulations to materK￿ rnis5taiwnents that arise to tra￿1 C￿ be hardw to do￿ lh￿ Ilw? Ihat *ise fforn efrc¥ as they moy involve ddiberate oywlmenl or ￿luS 17

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYfERIAN CHURCH IN IRELAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRES8YTERIAN CHURCH IN IRELAND Thli reF(vt is rnlè wl to tr Lwrtatle ftWfus. M • boty. with Ch8pl•r 3 of Part 18 of thq Crynpw¥e8ArA 2C#X Ow wtyk ha• be•n ￿t•￿en to th•t TA• ff#ghl •le to the parent tha￿￿ble eL¥npanY5 membors those rnatt•rs wa we requ¥•(l ¢0 te lo In •nd olh¢r wrpDSe. To the fvlelt •xtent perrnltted by law, we do nol accwl ry 86&L￿ to 4rryw• rthr than the oyrpary d the th•￿14b18 crry•y'8 member6 aB a t4Jdy, for tyjr au(Nt wuk, lor IIw8 r¥K1, 1)r fw the OFrfrkn• w• hav• rcc4 Cr•lq•n (S•nlorSt•lutory Audltorl lor on bth•W ol H•￿1n•0￿ Mulholland Ch•rt•rnd AccouTrtnts sta￿tory Audltor eth Flocx E44t fo L￿ny￿ Plaza Besfa 8T13LP wbinwn ib •19*4• fof wllor dlh• dwwity by ¥ltlu• of h •ll9￿￿ty D•t8. 12NJY2025 18

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEAIBER 2024 Total fund• 2024 fvnd• 2023 lunds 2023 2024 2024 2023 Not•• Incom• •nd •ndowm•nts Ivom.. Donations and legao•$ 13,265 13.285 12.221 2.920 12,221 2,920 Tot•1 In¢om• 18,408 16.408 16.101 18.101 Exp•ndltur• on: Rais￿9 funds Ch8rftable adivihs e.x17 8.307 3.1 51.99] 3.198 S1,975 25 To¢al •xpfrndltur• 59,771 25 55.146 25 55,171 No198ins on inve$tm8nts 13 142,￿) 142.J)5 97.427 97,432 N•¢ mo¥•m•nt I lund• 98,937 120) 98.917 58,382 R•conclll•lOoTr olfvnd•: Fund bala￿$ al 1 Janu¥ 2024 1.192.071 1,671 1.193.742 1,133.6eg 1,135,380 Fund ￿lIA¢¢4 at 31 D•c8mber 2024 1291,C•J8 1.651 1.292.659 1.192.071 1.871 1,193,742 The 6tatem8nt of1kno￿￿ a¢￿￿•# 190iM •wJ kw•s in yew. derivo Irom comlnulng 8¢twiW. 19

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL POSITION AS A T 31 DECEAIBER 2024 2024 2023 Flx•d ••••l¥ Investments 14 1273.782 1.146.41KI Curnt a•￿ts 15 25 22.457 Cash at b￿k ￿ In haThJ 50,521 Cr•dltorn: amounts hlllng du• wlthl on• y•ar {3.21T) 18.877 47.342 Totsl a•¥•ts Irt• ¢wr•fit Il•blMI•• I,￿.659 1,193,742 Th• lund• ofth• ¢h•rfty Endtrm8nt luTh UnrestrKled fvnd• 17 1.851 1291.1 1,871 1,192.071 1292,659 1.193.742 Is •rflknJ to th• •XWTyIth from Ih ly￿￿ned in Mdl)n 477 of ￿ Comp•nlei Acl 2Cth, forlh• 31 Othxbw2024. The directors Kknowkdg$ ththr r•8p)nst¥ltitis fDr complying ￿1h th• f•wfements of ts Crynpan￿ 21 wlth respect lo ace&iunbng 18eord8 4nd the pr8parnlh)n ol financial 8latM8nts. Th¢ rn•rnbw• h•¥e rv)t requir•J th• c(rfwny lo otlakn an a￿Irt of rf8 financial ststo1r￿1$ und•r th• requ•ment8 oftho CompwMosA(X 2c￿. lor fv y￿r in in wh 476. lo thè srnall companles regime. Rav S P M¢)ty• BD PGCE Dlrnctor MrHMOrrKC 20

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Ca•h Ik¥w• Irorn operntk• a¢lt¥lll•# 21 142,98n 138,9871 In￿1￿￿0 •CtIt PurthAso of inve$lmgnl8 Invè8tm•rrt ineorne receI￿d r27.97S 42.898 I37,￿) 38,961 •ctMII•• 14.923 19471 N•t ¢a•h g•n•rnt•d Irm fin•nclng xUvltt•• Ngt dKf•a•• In c••h and ￿•h •qufv*l•nl• 139,9141 .$21 90,436 Ca•h And ¢••h •qulv•l•nl• •t •nd ol y••r 22.457 50.521 21

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng polkl•• Ch•rfty inform• The Socty the and chi￿0n of Ministers and MisSI(M￿￿ of thè Pr&sbyl•rian Church in Irdand is a pnvale cwpany th"mlt•d by guwant•• iTh))rForalod in Norlhwn Iroland. The registered offTh 1$ Gl•ngall Exchange. 3 Gkngan Stroet. Bella￿. Co. Antrnn. BT12 SAB. 1.1 Accountlng conv•ntbo Thfr finanerdl statèm8Ms ha￿ bo•n prep8r8d in accAydanc wrth the mernorandum & wb"cJgs. th• Cefflp8nie5 Act 2Cth and 'AccountirYJ Réportlng by ClkgrAio8' Ststernent of R•eommonded PraciKe apr4￿bI to tharilt•5 pr•panng thoir &c¢Aw)ts in aco)rdance with th? Finanual Réporting S18ndard applubl• in the UK aTrJ R•publ Of If•larkl IFRS 1021" las arnended for accounting p8rlods commendng from l J￿U•ry 20161. chanty l• • Pubk Ertity •$ d•f#N•d ty FRS 102. Th• fina￿al stat•m•nl8 ar• Pf•pared In steding. l• the ol th• dwlty. %lon•t•ry arnwrts In Ihem ffln•rthl slat•m•nts •r• rwnded to the neorest £. The fina￿991 ¥tolwnants have prww8d urthr lh• histoncal t￿1 convenlw, modlfièd to Indude tho rvaluatic￿ offreehold wvj to irKkJe wop8rtA and certw fi￿nd￿l instruments al falr V8lu•. Thè p￿1￿1￿1 ar￿nti￿a •dcwd w• Ml b8kyAt 1.2 Goln9 ¢onc•m Th• th'rèdorl hjva asw•wd th•t The &L¥ety for lh• Iwians and Chlharen of Minllleri and Mis$KnarlM ol tm Pr•ibyt•rian IreL•NI has adtqLt• r•swc•8 10 meet the on90iTrJ costs of the enlty for tho minlmum 01 12 mcrfths trryn lh• d•1• rl lh• financlal 1lalem￿ts. For thii rtr8￿. the fiThanryal Ilat•ments h8vg b¢•n prtyared on • (fK•m basis swmes thè r•al￿a￿On ol assets and Slabllllk8s In th• nomMI ctyJra8 ol 13 Ch•rll•bl• lund• Unr•sI￿18d • Ic< at th• dlKntkffl of the Trus# in furth8ranc• of thelr cb•rltoN• Reslrt•d lunda #r• subi•rt lo o)r#kn ty or to Ih•y may be uwj. Th• purposes and u8•s olthe r•strlct•d (mds are sol Lmrt tn the notsl to the f￿#￿￿81 sl•twn•nl8 ErKSxmort 8Uty(a ) •poth c¥>r#Jrfth$ by th•1 the capftal rn￿1 b• maintained by 1.4 Incom• Incomè is recognl8¢d whèn thè tharlty is logaty •fttitl8d to tt after any pprforrnanc• c£K•Jlkns ho￿ bo•n rnot. th amounts can be measured reliobly. and rt is yrt)at4• that iro)me wdl bg rec•d. Lega&g9 •r8 re￿gnised on rec4ipt or otherwise if the dwnty has been rKllfied of an impenthng distribut￿. Il amouni is kn￿n. and recetpt is •XF*ei•d. If the amount is not kn(wn. th• legary is treated a$ a 22

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng poll¢h• IC0Dtlnu•dl Eypenditur• fv rwned Ihtrt is a legal or 0￿$1￿cti￿ 0￿.gati(￿ io transhr •coTh)mic benefit lo thwd party, rt Is probatAe thal a tr￿SIer be￿ wlll ￿ rwred in selttthmert and the amount of the oblwion can be rnea￿ed rel￿bty. ExpenditLK• li da8$rf￿ ty Xb¥ffjf. CAxts ol ••dJ ￿ w• m w ol th• tolal of dir¢ca coth and Shared ¢oils. Induding supm costs irmknd in urthrtak4ig actiwty Dlrnct cMls attril)utabl• Io B 5tylt 8ctiwty are allocated dir¢dty to that ¥ltwty. Shared CDilS whth contribute to more tt5an on8 &tivity and Jpport eoiii whKh am ttritrrtrtab￿ to a acmy are b•hw••n IIK>io adivS11•8 on a b881$ c￿￿$ten1 wlth the ol res(¥Jrces. Cwtral slaff o)sts are alktat•d th) the baw"$ ol t1￿ spgnt, and deprKla1￿￿ tharges 4r0 •1k￿led ofts as88¥s u. 1.0 Flx•d •••t Inv•¥lm•nl FiK•d as881 investments ar• m￿￿r￿j at tTan8athon prk• exdudkng tr•n¥etlon e4it8, and w• subsequonlty mèasured at lr ￿u• * oath r•rxtrg d&te ChaThg¢s in falr value are r8o)gniied In Incom￿(8xp•firt￿Uffr1 for th• y•ai. coth we ew••d ￿ incurr•J. 1.7 Ca•h Ind ¢4•h •qul¥•l•nl• Cash and cash equryat•nis irKAd• e48h hrt deF￿1¥ h•ld at b•nkn. olh8r ah￿1.18￿1 InveStrn￿lI wmh origin•l m•tuntses ol fv•e or bank ov•r(kah. Bank ov•rth•fft• #r• 8hMI wrflw'n bwNw¥Js in ￿rren1 li•bths 1.8 Fln•n¢l•l Srt•trurn•nl• The chanly has elected to •ppty Ibe of secti￿ 11 '8•th In•trwDwts' ￿• S•ction 12 'thhr FlnAnd4I In$trum•nts Imuos. ol FRS 102 to all of Ns fina￿￿1 Instru1￿. FinwKJ81 lA￿Um￿lS ai• r•ccgntsed ohéel th• Qlarty becrn p•rty to th• there ty • le9ally enf￿￿•bk ryht lo set ¢iff rewiwsed aThJ i• lo Mllle ¢)n 8 n•t bas or Io TeBlise the 8nd 3eltle Ihe liabllty simultaneou8ty. 8•sk fiN￿l•l•m•ts Ba$1¢ finanoal assets. I)d￿Je d•blCrfS Lxh bank balanc8. w• inilsalty rn908ured 8t da$s￿d al r•c•ivat4e wihin one yeat w• nol amrbsed. 8asic finano81 liabilibes. ir•r#J UEd"rtcrfs bank ￿)•1$ ar reo)]ni8ed ai tra)sactton pflee Un￿8$ the aTh8llgemenl constrtulès a finarLw wre the debt instru￿1 B measufed at the presenl value ol th• lulure payments discounied al 8 markel ral• ol Wrte￿$t. FinaTr2al IkqtrAllliès clasw"fhryd as payatA wrthin ono year ar• nol aftk)rtisod. Trade cretht(¥s ar• obhgalths to pay for SeThi￿ that ha¥e b88n wir8d in the ordinary coursè of operations from $upplrs. Amwnts payable are dassrw as ujrrerrt Irdbd¢tsS rf payn￿rt is due withwi one y•ar or les5. If not. Ihey e weseni¢d as ￿4>J￿￿t kab"fvl*s. Trnde recognised inw at Iran￿(￿On price and subwuently measured at amOrfts￿ cost Ihe eff•eiNe yrtwesl nWh(#J. 23

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EAIDED 31 DECEAIBER 2024 Ae¢ountlny pollcb•• Financ4al h"abilrtm ar• derec£43n￿ lh• d•.8 c4)ntr￿￿ expim ty •r• ¢YsLarged or C8n¢611éd. Crflk•l •¢counllng ••lknit• nd ludo•m••ts In th• ¥prA￿atr￿ of fv rtsty's the Tw•S ar• rnquwed to m•ke judg•m8nls, •8llfftates and a8￿Mpl￿ 8t￿Jt cwwng ol ass•t$ and I"•b4m1￿ thal ￿ nol leadity •pp8f•nt from olher styjrcos. The ¢51irnates afvj assc¢Jated aswmpiK)ns are bas￿ INSt￿31 •yrioThx and other lac1￿5 thot are onwd•r•d ¢0 b8 Id•vnl. Aclud fèsuMJ moy thff•r from Ihelo e$¢m&ies. Th• •sth"mate5 ￿ urthrtying ar• roy￿￿•d on an (ry0in9 basis. R￿?￿8 lo accounllivJ •8timat•s 84è f•ts¥nlJ ￿ Ihe p•rth m whth lh• •￿te i8 rewmd where Ihe r•vtJion 8ffeds tsTrly Ih Don•tlon• •nd1•g•cI•• 2024 2023 Frands Curtey Charft&Jl• Funil 13.28S 12.221 Ch•rtll>l• ael¥lO•• 2024 2023 2,215 125 2,482 438 Porsonal $ub5cnpl Unr••trbd•d UnmtrlclHI lund• fvNI• 2024 2023 other in(>Jm8 24

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 R•hln9 fund¥ 2024 2023 Inv•stm￿t managgm•nt co 3,106 8.307 3.19e Chrlt•bl• a¢tlvltl•• X123 Orphan gran18 Eduealion grants EX￿pI￿nal granlj 23.45S 18,fX)1 21,1Ckg 17.952 1.750 8.704 901 9,412 585 51.953 $0,41S Sh•r• oftr)v•m•n¢4 la¢0 not• IOI 53,489 51,975 An•ty•l• ty fund Unrestdcted fvndJ End￿Men1 lurhJ•- g•ner41 51. 25 53,489 51.975 N•t m￿On*￿t In lund• 2024 2023 The net movement kn funds os st8t•d after ¢hargWltThlllngl'. F••8 paya1￿1 fL¥ ￿ ¥udit 3tatwn¢nts 25

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR ThIE YEAR ENDED 31 DECEMBER 2024 TN•t•• None ol Ihe Trust••s lor any ￿)￿r￿ted them) reCeI￿d ary b￿lfft$ from th• dwrty dumg the y•ar. 2024 2023 1.538 Charita￿0 actmtws 11 Employm• S¢ Inv••tr Tt)tsl Tolal lunth lund• 2024 2024 2024 2023 142.xlj 142,305 97,432 For lh• y•ar •Dd•d 31 D•c•mb•r 2023 97,427 97,432 26

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Flxod a￿t Inv•¥trMnts ItwMtm•nt• Co•t or v•lu•Oon Al 1 Janu8ry 2024 Addith)ns Unrealiged gal 1.146,4C 27.975 99.407 Al 31 D•r•th 2024 1,273,782 Cthrrylno mount At 31 ￿￿ernber 2024 1273.782 Al 31 D¢c•mb•r 2023 1,146.400 Li$t¢d invgstmenls are 8tsted •t mwel vakhi. to d•y rnanty￿ ofth& Inb•¥Jwhl Portk4io b c•rTl•d out by rsgljtered investment mww. Sawwi & P•thWS LLP. 2024 2023 Amounts hlllng du• Tlthln ¥)h• >W. Trad8 d•btorn 25 11 CTrthlorn: tsmlng du• tlllth y••r 2023 3,217 17 Endowm•nt fund• ETrdNrnent fvnds re￿sent assets whith rnu¥l b¢ ￿ld ￿rM￿lty ty tharity. lTr￿￿e arising on the end￿￿nI lunds can t• umd in accordanc• wih the objects of th• tarlty and 18 Ind￿jed as c￿￿. Any gwns or bsses Wismg the os5ets forTn olthe lund. At 1 Janu•ry G•ln• and 2024 •xpwthd At31 D•c•mbor 2024 1.671 (25) 1,651 27

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 17 EndtrThrt fvnd• IContinu•dl Prnvlpw y•ar. Al 1 Janu•ry R￿QU￿1 G•ln• •nd 2023 •xp•nd•d A131 0•¢9ml￿r 2023 5) 1,671 11 Unmtii¢t•d fvnd• The unr¥strkled furyls ol Ihe charrty C4)mprise thè unexFWKbid balwK¢8 #nd qrants whith •r• nol 8ublect to SP8uk coThlitlon8 by rhMrs and grantrrfs u to moy ty• us•d. Tlw in(Jdo do¥lgnalod h¥w4 bwn t oul of ￿r•stric1•d funds by the trust•g1 ft>r 5￿fic purpxès. Al 1 J•nu•ry R••ouf¢M G•lD• •nd At31 2024 G•rér41 hmd• 1.192,071 16,408 159.7711 142.3(Kl 1,291.C Pr•vlou• y•ar. Al 1 J•nu•ry Incomknw R••our¢M G•ln• and 2023 At31 D•c•mb•r 2023 G•n•r81 lund• 1.133M9 18.101 {55.1461 97.427 1.192.071 19 Antyil• of n•t•••ets l>•tw••n lund• fvnd• 2024 fund• 2024 2024 At 31 D•¢emb•r 2024: Inv•slm*nt5 1.272.131 18.877 1,851 1.273.782 18,877 1.291.CK)8 1.651 1,292,659 28

THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Anty•l• ol n•t ••••t• l)•lw••n lun IContinu•dl fund• 2023 2023 2023 At 31 O•¢•mb•r 1023.. In￿￿¢Men18 1.144,729 47.342 1.871 1.148.4CIJ 47.342 1.192.071 1,671 1,193.742 20 R•l•t•d prty trn•a¢tlon• Thw•were Th) dlKMat4• I•￿ted pwty trIn￿C￿l durtng tho yw12023. non•). 21 C￿h •b•¢knd by ¢)p•r•llon• 20Z4 2023 Surp￿ fry th• y••r 98.917 Fair value gn$ aTh1 k)ues on Irfywl (142,3051 197,4321 lov•m•nt¥ In worklng ￿p11¥1. DecroaseJlirKreasel In debtors 13 113) 142.98n {38.9671 29

MANAGEMENT INFORMATION

for the year ended 31 December 2024

The following information does not form part of the statutory financial statements which are the subject of the independent auditors report on pages 15 to 18.

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THE SOCIETY FOR THE ORPHANS AND CHILDREN OF MINISTERS AND MISSIONARIES OF THE PRESBYTERIAN CHURCH IN IRELAND

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
£ £
2024 2023
Incoming Resources
Investment Income
Dividends and Interest - -
Bank Interest 803 960
Other Income
Francis Curley Charitable Fund 13,265 12,221
Subscriptions
Congregational 2,215 2,482
Personal 125 438
Total Operating Income 16,408 16,101
Resources Expended
Grants To Children
Orphan Grants 23,455 21,108
Education Grants 18,001 17,952
Exceptional Grants 500 1,750
Management, Administration and Governance Costs
Management Services 9,412 8,704
Investment Management Costs 6,307 3,196
Printing and Stationery 210 378
Audit Fee 1,536 1,560
General Expenses 375 523
Total Resources Expended 59,796 55,171
Net Incoming/(Outgoing) Resources (43,388) (39,070)
Net gains/(losses) on investments 142,305 97,432
Net Income/(Expenditure) for the Financial Year 98,917 58,362
----- End of picture text -----

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