Charlty Numb9r'. NIC101971 Stranmillis Evangelical Presbyterian Church Annual Report and Unaudited Financial Ststements for the financial year ended 31 December 2023 Daly Park & Company Ltd Chartered Ac¢ountants 4 Carnegle Street Lurgan Co. Armagh BT66 6AS Northem Ireland
Stranmillis Evangelical Presbytsrian Church CONTENTS Page Trustees, and Other Information Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-13
Stranmillis Evangelical Presbyterian Church TRUSTEES, AND OTHER INFORMATION Trustees Mr David Gordon Rev John Roger Rev Garelh Burke Mr Harold Gibson Mr Mervyn Kelly Mr Colin Moore Charlty Number in Northern Iroland NIC101971 Prlncipal Address Evangelical Presbyterian Chur¢h 36 Slranmillis Road Belfast Co. Antrim BT9 SAA Northern Ireland Indepgndent Examlner Daly Park & Company Ltd Chartered Accountants 4 Camegie Street Lurgan Co. AThagh B T66 6AS Northern Ireland
Stranmillis Evangelical Presbyterian Church TRUSTEES. REPORT for the financial year ended 31 December 2023 The trustees present their Trustees, Report and the unaudSted financial slalements for the financial year ended 31 December 2023. The financial slalemenls are prepared in accordance with the The Charities Act (Northern Ireland) 2022, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their financial slalements in 8ccordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Trustees, Report contains the infomalion required to be promded in the Trustees. Annual Report under the ststemenl of Recommended Practice ISORPI guidelines. The Iruslees of the charity are also charity Iruslees for the purpose of charity law and under the charity's constitution are known as members of the board of Iruslees. In this report the trustees of Slranmillis Evangelical Presbyterian Church present a summary of ils purpose, governance, activities, achievements and finances for the financial year 31 December 2023. The charity is a registered charity and although not obliged to comply with the Stslemenl of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisalion has implemented ils recommendations where relevant in these financial slalemenls. Mission. Objectives and Strategy Mission Statement Slranmillis Evangelical Presbyterian Church exists to advance the Christian faith by proclaiming and upholding the Gospel of Jesus Christ. as contained in the Bible and in accordance with the Weslminsler Confession of Faith and Catechisms, and all this to the benefit of people, both young and old, within the Slranmillis ¢ongregats'on and the surrounding area and across the world. Our church continues to provide financial support to the Central Fund of the Evangelical Presbyterian Church and lo Christian missionary work al home and in various counlires across the worfd. Structure. Governance and Management Structurè Slranmillis Evangelical Presbyterian Church is an unincorporated charity and is govemed by its Conslilution. The day lo day activities are overseen by the Trustees of the charity. Financial Review The Iruslees are again thankful for the support from all involved in the charity. Income from various sourees thi5 year tolalled £162,132 12022 £296,783) with expenditure on charitable acliviles, excluding depreciaiton. of £170.394. {2022 £164.5081. The small deficit before depreciation this year of £8.262 is as a direct result of expenditure on the building. This small defieil is as planned and expected. Reserves policy The charity's polioy is to achieve a level of resources which mat¢he5 the needs of the organisalion both al the current time and in the foreseeable future. The free reserves require should be sufficient to cover al least six months running ¢0$1s. The trustees feel that these levels of reserves are essential to enable the charity to continue lo provide its activities for the foreseeable future. The reserve5 policy is an integral part of the charity's planning, budget and forecasts. Results and Dlvidends Al the end of the financial year the charity has assets of £1.229.495 12022 - £1.292,4191 and liabilities of £2.517 {2022 - £1.2001. The nel assets of the charity have decreased by £164,241}. In accordance with the Conslilulion, the trustees retire by rotation and, being eligible. offer themselves for re-election. Compliancg wlth Sector-wlde Leglslatlon and Standards The charity engage5 pro-actively with legislation, standards and ¢ode$ whi¢h are developed ft)r the se¢lor. Slranmillis Evangelical Presbyterian Church subscribes lo and is Compliant with the following.. The Charities SORP IFRS 1021 Public Bengfit Stranmillis Evangelical Presbyterian Church benefits its members, the local community and the general public by making known the Christian Gospel of the Lord Jesus Christ through our purpose of the advancement of religion. Our members. adherents and the general public benefit from the opportunity for public worship. the pa51oral care provided, and the mutual opportunities for fellowship and social interaction. The declaration of God's Word on 8 ular basis enables spiritual. moral and intellectual develo ment, for our con re ation and for an one else who
Stranmillis Evangelical Presbyterian Church TRUSTEES, REPORT for the financial year ended 31 Dember 2023 wishes to benefit from what the church offers. the promotion of Christian values and seNice by members of our congregation brings benefit to individuals and society as a whole. Our regular public worship services are open lo all, and are advertised on our denominational website, our own website and our public congregational noliceboard. The benefits of our organisation are emdenced through infomal and ad-hoc feedback from our member5, their families, parents of the young people who attend our youth meetings, and the wider public. We believe that no ham) can come from the purpose of the charity- The only private benefit flowing from our purpose is the employment of the minister of the church who receives certain benefits as a result of his employment. However. this is incidental and necessary in order lo further our advancement of religion eharitable purpose. There are no other private benefits, as all of our activities are open to the general public and advertised to them. OLtr beneficiaries include our members. their families. and the community in which we minister. The Trustees of Slranmillis Evangelical Presbyterian Church have given careful consideration lo the Charity Commission of Northern Ireland's stslutory guidance on public benefit to ensure that the activities entered into during the year have helped lo achieve the charity's purposes and provide a benefit to ils beneffciaries. Approved by the Board of Trustees on 13 May 2024 and signed on its behalf by: Mr Harold Gibs Trustge
Stranmillis Evangelical Presbyterian Church STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 December 2023 The trustees are responsible for preparing the financial statements in accordan with applicable law and regulations. The law applicable to charities in Northern Ireland requires the trustees lo prepare financial statements for each financial year which gNe a true and fair view of the assets. liabilities and financial position of the charity as al the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act {Northern Ireland) 2008. In preparing these financial statemen15, the trustees are required lo.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP make judgements and accounting estimates that are reasonable and prudent., state whether the financial statements have been prepared in accordance with applicable ?OuntIng standards, identify those standards. and note the effect and the reasons for any material departure from those slandards.- and prepare the finaneial statements on the going concem basis unless it is inappropriate to presume that the charjty will continue in operation. The trustees confim that they have complied with the above requirements in preparing the ffnancial statements. The Iruslees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensuTe that the financial slalernenls comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the 8oard of Trustees on 13 May 2024 and signed on its behalf by: Mr Harold Gibso Trustge
Stranmillis Evangelical Presbyterian Church INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF STRANMILLIS EVANGELICAL PRESBYTERIAN CHURCH We have examined the financial ststements of the charity for the financial year ended 31 December 2023, which comprise the Statement of Financial Activities, the Balan Sheet and the related notes. This report is made solely lo the charity's members, as a body. in accordance with the Charities Act {Northern Ireland) 2008. Our work has been undertaken so that we might compile the financial ststements that we have been engaged to ¢ompile, report to the 8oard of Trustees that we have done $0, and state those matters that we have agreed lo state to Ihern in this 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 chaiity and the charity's members, as a body. for our work, or for this report. Respectivg responslbllitl•s of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland} 2008. The charity's Iruslees consider that an audit is not required for this financial year under the Charities Act (Northern Ireland) 2008 and that an independent examination is required. It is our responsibility to- examine the financial statements under se¢lion 65 of the Charities ACL follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9llbl of the Charities Acl-, and slate whether particular matters have come to our attention. Basis of Independent examlnerfs rgport Vve have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65(9llbl of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial slalements presented with those records. 11 also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees conmIng any such matters. The procedures undertakon do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'lrue and fairf view and the report is limited to those matters set out in the statement below. In connection with our examination. no matter has come to our attention which gives us cause lo believe that in, any material respect.. accounting records were not kept in accordance with se¢tion 63 of the Charities Act the financial statements do not accord with those accounting records the financial ststements have not been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 there is further information needed for a prop8r understanding of the accounts lo be reaGhed. Independent exarniner's ststement We have no concerns and have come across no other matters in connection with the examination lo which attention drawn in report in order lo enable a proper understanding of the financial slalemenls lo be reached. PARK & COMPANY LTD red Accountants megie stet Lurgan Co. Armagh B T66 6AS Northern Ireland Ch Date: 13 May 2024
Stranmillis Evangelical Presbytsrian Church STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 Decernber 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Unreslricled Restrithd Funds Funds Funds 2023 2022 2022 Totsl Funds 2022 Notes Incoming Resources Voluntary Income Investments 156.919 33 5.112 68 162,031 101 283,677 244 12,858 296.535 248 Total incomlng resources 156,952 5,180 162,132 283,921 12,862 296,783 Resources Expended Charitable activities 213.062 13.311 226.373 220,487 220.487 N9t in¢omel(expenditurel {56.110} {8,1311 (64,2411 63,434 12.862 76.296 Transfers tseeen funds 145,9411 45.941 10,187 {10,1871 Net movement in funds for the financial year {102,0511 37,810 164,241) 73.621 2,675 76,296 Reconciliation of funds: Total funds beginning of the year 12 1,283,407 7,812 1,291.219 1.209,786 5,137 1.214.923 Total funds at the end of the year 1,181.356 45,622 1,226,978 1,283.407 7,812 1,291,219 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 10 to 13 form part ofthe finanryal statements
Stranmillis Evangelical Presbyterian Church BALANCE SHEET as at 31 Dember 2023 2023 2022 Notes Fixed Assets Tangible assets 1,049,217 1.105,196 Current Assets Debtors Cash al bank and in hand 2,540 177,738 4,009 183,214 180,278 187,223 Creditors: Amounts falllng due wlthin one year 10 12.5171 11,200} Not Current Assets 177,761 186,023 Totsl Assets less Current Llabllltles 1.226,978 1,291,219 Funds Restricted funds Designated funds (Unrestricledl General fund {unreslrictedl 45,622 1.049.217 132.139 7,812 1,105,196 178,211 Total funds 12 1.226,978 1.291,219 Approved by the Board of Trustees and authorised for Issue on 13 May 2024 and slgned on Its behalf by Mr Harold Gibs Trust09 The Th)tes on pages 10 to 13 forrn part ofthe finanual stslernents
Stranmillis Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 GENERAL INFORMATION Slranmillis Evangelical Presbyterian Church is a charity incorporated in Northern Ireland. The registered office of the company is Evangelical Presbyterian ChUh, 36 Stranmillis Road, Belfast, Co. Anlrim, BT9 5A4. Northern Ireland which is also the principal place of business of the company The financial slalements have been presented in Pound (£1 which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in (Jealing with items which are considered material in relation lo the charity's financial slalements. Basis of preparation The financial slalements have been prepared on the going concern basis under the historical cost convention, modified lo include certain items at fair value. The financial stslemenls have been prepared in accordance with the Slalement of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102.. As pemitted by the Companies Act 2006. the charity has vaTied the standard formals in that act for the Stalemenl of Financial Activities and the Balance Sheet. Departures from the standard fomials are lo comply with the requirements of the Charities SORP and are in compliance with section 4.7. 10.6 and 15.2 of that SORP. ststement of compliance The financial 51alements of the charity for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordan with the Statement of Recommended Practice ISORPI 'Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 Incorning Resources Voluntary income or capital is included in the Statement of Financial Activities when the charity is legally enlitjed lo it, ils financial value ean be quantified with ieasonable certainty and there is reasonable Trrtainty of its ultimate receipt. Entillemenl lo legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advance of due perfotmance under a contract is accounted for as deferred income until eamed. Grants for actiwtres are recognised as income when the related conditions for legal entitlement have been mel. All other income is accounted for on an aecruals basis. Resources Expended All resources expended are accounted for on an accruals basis. Charitsble activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similaily include fundraising activities. Non-slaff costs not atlribuled lo one category of activity are allocated or apportioned pro-rata to the staffing of the relevant service. Finance. HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with ¢onslilulional and slatulory requirements. Tangible flxed assets and depreciation Tangible fixed assets are staled at cost or at valuation, less accumulated depreciation. The charge lo depreeialion is calculated to write off the original cost or valuation of tangible frAed 85se15, less their estimated residual value. over their expected useful lives as follows.. Land and buildings freehgld Fixtures, fittings and equipment Motor vehicles 4% Straight line 20Vo Straight line 15.kn Straight line No depreciation charged on assets under ¢onstruclion. Debtors Debtors are re¢ognised al the settlement amount due after any discount offered. Prepayments ale valued at the amount prepaid nel of any trade discounts due. Income recogni5ed by the charity from government agencies and other co-funders, bul rsol yet received al year end, is included in debtors. Cash at bank and in hand Cash al bank and in hand comprises cash on deposit al banks requiring less than three months nollce of withdrawal. 10
Stranmillis Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS continued for the finan¢ial year ended 31 Detsmber 2023 Taxation and defgrred taxatlon No current or deferfed taxation arises a5 the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as in¢urred. Deferred tsx is recognised in Tespect of all liming dIfferenS that have originated bul not reversed at the balance sheet dale where transactions or events have occurred al that date that will result in an obligation lo Pay more lax in the future, or a right to pay less lax in the futu. Timing differences are temporary drfferences behyeen the company's taxable profits and ils results as staled in the financial slalements. Deferred lax is measured on an undlscounled basis at the tsx rates that are 8nliclpaled to apply in the periods in which the timing differences are expected to reverse, based on lax rates and laws that have been enacted or substantively enacted by the balance sheet date. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 General Offerings Special Offerings - General treasurer Special Offerings- Congregational Other income 154,845 1,020 728 3,364 155,865 728 3,364 2,074 218,296 507 9,684 68.048 2,074 156.919 5,112 162,031 296.535 INVESTMENTS Unrestricted Restricted Funds Funds 2023 2022 Investment Income 33 68 101 248 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Cost Charitable Activities 164.247 62,126 226,373 220,487 SUPPORT COSTS Charitable Activities 2023 2022 Support Costs 62.126 62.126 57.405 ANALYSIS OF SUPPORT COSTS 2023 2022 Support Costs 62,126 57.405 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are statgd after charglngllcredlting): Depieclation of tangible assets 55.979 55.979 INVESTMENT AND OTHER INCOME 2023 2022 Bank interest 470 248 11
Stranmillis Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2023 TANGIBLE FIXED ASSETS Land and Fixtures. bulldings fittings and freehold equipment Motor vehicles Total Cost Al 31 December 2023 1,314,083 2,768 19.080 1.335,931 Depreciation Al 1 January 2023 Charge for the financial year 223,903 52,563 1.108 554 5.724 2.862 230,735 55,979 Al 310ecember 2023 276.466 1,662 8,586 286.714 Net book value At 31 December 2023 1,037.617 1,106 10.494 1.049.217 Al 31 Dernber 2022 1.090,180 1,660 13,356 1.105.196 DEBTORS 2023 2022 Piepayments and accrued income 2.540 4.009 10. CREDITORS Arnounts falling due within one year 2023 2022 Accruals and deferred income 2.517 1.200 11. RESERVES 2023 2022 At the beginning of the year IDeficilllSurplus for the financial year 1,291,219 164,2411 1,214,923 76,296 At the end of the year 1.226,978 1.291.219 12. FUNDS 12.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Restricted Funds Funds Total Funds Al 1 January 2022 Movem8nt during th8 ffnancial year 1.209,786 73,621 5,137 2,675 1,214.923 76,296 At 31 December 2022 Movement during the financial year 1,283,407 1102,0511 7.812 37.810 1,291,219 {64,241} At 31 December 2023 1,181,356 45.622 1.226.978 12
Stranmillis Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS ¢ontlTrued for the financial year ended 31 De¢ember 2023 12.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2023 Income Expendlture Transfers Balance between 31 December funds 2023 R¢stricted funds Central Fund Building Fund 2,620 5.192 4,092 1,088 (4.0591 50.000 2.653 42,989 13,311 7.812 5,180 13.311 45,941 45.622 Unrestrl¢tgd funds Designated Fixed Asset Fund Unresiricled General 1.105.196 178,211 155,9791 10.038 1,049.217 132.139 156.952 213,062 1,283.407 156.952 1213,0621 145,941) 1,181,356 Totsl funds 1,291,219 162,132 226,373 1,226.978 13. POST-BALANCE SHEET EVENTS There have been no significant 8vents affecting the Charrty since the financial year-end. TRUSTEE REMUNERATION 14. The trustees did not receive nor did the waive any remuneration during the current financial year. {2022 - £nill INDEPENDENT EXAMINERS REMUNERATION 15. The independent examiners remuneration amounts lo an independent examination fee of £1.440. (2023 £1.3201. No other monies have been paid to Daly Park a Company Ltd. 13