Stranmillis Evangelical Presbyterian Church TRUSTEES. REPORT for the financial year ended 31 December 2023 The trustees present their Trustees, Report and the unaudited financial statements for the financial year ended 31 December 2023. The financial slalements are prepared in accordance with the The Charities Act (Northem Ireland) 2022, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Slalement of Recommended practi applicable to charities preparing their financial slalemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Trustees, Report eonlains the information required lo be provided in the Trustees, Annual Report under the Slalemenl of Recommended Practi ISORPI guidelines. The trustees of the charity are also charity Iruslees for the purpo$e of charity law and under the charity's constitution are known as members of the board of Iruslees. In this report the Iruslees of Stranmillis Evangelical Presbyterian Church present a summary of its purpose. governance. activities, achievements and finances for the financial year 31 December 2023. The charity is a registered charity and although not obliged lo comply with the Statement of Recommended Pfaclice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented ils recommendations where relevant in these financial statement$. Misslon, Objectives and Strategy Mission Statement Slranmillis Evangelical Presbyterian Church exists lo 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 congregation and the Surrounding area and across the world. Our church continues lo provide financial support lo the Central Fund of the Evangelical Presbyterian Church and lo Christian missionary work at home and in various countires across the world. Structure. Govornanco and Management Structure Slranmillis Evangelical Presbyterian Church is an unincorporated charity and is govomed by its Conslitulion. The day to day activities are overseen by the Trustees of the charity- Flnanclal Revigw The trustees are again thankful for the support from all involved in the charity. Income from various SoUrS this year lolalled £162,132 12022 £296.7831 with expenditijre on charitable aclivites, excluding depreciaiton, of £170.3S4. 12022 £164,508). The small deficit before depreciation this year of £8,262 is as a direct result of expenditure on the building. This small deficit is as plannecs and expected. Reserves policy The charity's policy is to achieve a level of resources which matches the needs of the organisalion both al Ihe current lime and in the foreseeable future. The free reserves require should be sufficient lo cover al least six months running costs. The trustees feel that these levels of reserves are essenb.al lo enable the charity to Continue to provide its activities for the foreseeable future. The reserves policy is an integral part of the charity's planning. budget and forecasts. Rgsults and Dlvidends At the end of the financial year Ihe chamty has assets of £1.229.495 (2022 £1.292,4191 and liabilities of £2,517 12022 - £1,200). The nel assets of the charity have decreased by £{64.2411. In accordance with the Constitution. the trustees tire by rotation and. being eligible. offer Ihem$elves for re-election. Compliance wlth Sector-wide Legislation and Standards The charity engages pro-actively with legislation. standards and codes which are developed for the sector. Stranmillis Evangelical Presbyterian Church subscribes to and is comp5ianl with the tollowing.. The Charities SORP IFRS 1021 Public Bgnefit Stranmilli5 Evangelical Presbyterian Church benefits ils members, the local community and the general public by making known the Christian Gospel of the Lord Jesus Chri51 through our purpose of the advancement of religion. Our members. adherents and the general publiG benefit from the opportunity for public worship. the pastoral care provided, and the mutual opportunities for fellowship and social inleraclion. The declaration of God's Word on a re ular basis enables spiritual. moral and intellectual development. for our congregation and for an one else who
Stranmillis Evangelical Presbyterian Church TRUSTEES. REPORT for the financial year ended 31 December 2023 wishes lo benefit from what the church offets. the promotion of Christian values and seNice by members of our congregation brings benefit lo individuals and society as a whole. Our regular public worship servi$ are open to all, and are adverbsed on our denominational website, our own website and our public congregation81 noliceboard. The benefits of our organisalion are evidenced through informal and 8d-hoc feedback from our members, their families, parents of the young people who attend our youth meetings, and the wider public. We believe that no harm can come from the purpose of the charity. The only private benefit flowing from our purpose is the employment of the minister of the chLtrch who reiVeS certain benefits as a result ot his employment However. this is incidental and necessary in order lo further our advancement of religion charitable purpose. There are no other private benefits. as all of our activrlies are open to the general public and advertised lo them. Our benefiaaries include our members, their familie$, and the community in which we minister. The Trustees of Slranmillis Evangelical Presbyterian Church have given careful consideration to the Charity Commission of Northern Ireland's sLglulory guidance on public benefit lo ensure that the activities entered into during the year have helped lo achieve the charitys purposes and provide a benefit to ils beneficiaryas. Approved by thg Board of Trustees on 13 May 2024 and sign9d on its behalf by.. Mr Harold Gibso Trustee
Stranmillis Evangelical Presbyterian Church STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 Dernber 2023 The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. The law applicable lo charities in Northern Ireland require5 the trustees lo prepare financial ststemen15 for each financial year which give 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 financral slalemenls, 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., stale whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those slandards,- and prepare the finanaal statements on the going concem basis unless il is inappropriate to presume that the charity will continue in operation. The ITUStees confimi that they have complied with the above requirements in preparing the financial slatsments. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and di8close with reasonable aecuraey at any lime the financial position of the charity and enable them lo ensure that the finanaal slalemenls comply with the Charities Act {Northern Ireland) 2008. They are also responsible for safegvaTding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 13 May 2024 and signed on its behalf by: Mr Harold Gibso Trustee