Charlty Number: NIC101971 Stranmillis Evangelical Presbyterian Church Annual Report and Unaudited Financial Statements for the financial year ended 31 December 2024 Daly Park & Company Ltd Chartered Accountants 4 Carnegle Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Stranmillis Evangelical Presbyterian Church CONTENTS Page Trustees, and Other Information Trustees, Report Statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to th8 Financial Statements 10-13
Stranmillis Evangelical Presbyterian Church TRUSTEES. AND OTHER INFORMATION Trust993 Mr David Gordon Rev John Roger Rev Garelh Burke Mr Harold Gibson Mr Mervyn Kelly Mr Colin Moore Charity Number in Northern Iland NIC101971 Principal Address Ev8ngelie81 Presbyterian Church 36 Stranmillis Road Belfast Co. Antrim BT9 SAA Northern Ireland Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Am)agh BT66 6AS Northern Ireland
Stranmillis Evangelical Presbyterian Church TRUSTEES. REPORT for the financial year ended 31 December 2024 The trustees present their Trustees, Report and th8 unaudited financial statements for the financial year ended 31 December 2024. The financial slalements 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.. Statement of Recommended Practice applicable lo charities preparing their financial statements in accordance with the Financia5 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). The Trustees, Report contain5 the information required lo be provided in the Trustees, Annual Report under the Statement of Recommended Practice {SORPI guidelines. The Iruslees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees. In this report the trustees of Slranmillis Evangelical Presbyterian Church present a summary of its purpose, govemance. activities, achievements and finances for the financial year 31 December 2024. The charity is a registered charity and although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisalion has implemented its recommendations where relevant in these fi'nancial statements. Mission. Objectives and Strategy Mission Statement Stranmillis 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 lo the benefit of people, both young and old, within the Slranmillis congregation and the surrounding area and across the world. Our church continue5 to provide financial support lo the Central Fund of the Evangelical Presbyterian Church and to Christian missionary work at home and in various countires across the world. Structure, Governance and Management Structure Stranmillis Evangelical Presbyterian Church is an unincorporated charity and is govemed by ils Conslilulion. The day to day activities are overseen by the Trustees of the charity. Flnanclal Revlew The Iruslees are again thankful for the 5UPPOrt from all involved in the charity. Income from variou5 sources this year lotalled £181,28912023 £162,132} with expenditure on charitable aclivites, excluding depreciaiton, of £186,01612023 £170,394). The small deficit before depreciation this year of £4,727 is as planned and expected. Reserves policy The charity's policy is lo achieve a level of resources which matches the needs of the organisalion both at the current lirne and in the foreseeable future. The free reserves require should be sufficient to cover al least six months running costs. The trustees feel that these levels of reserves are essential lo enable the charity lo continue lo provide ils activities for the foreseeable future. The reserves policy is an integral part of the charity's planning, budget and forecasts. Results and Dlvldends Al the end of the financial year the charity has assets of £1,166,835 {2023 £1.229,495} and liabilities of £3,412 12023 - £2,517}- The net assets of the charity have decreased by £163,555). In accordance with the Constitution, the trustees retire by rotation and, being eligible, offer themselves for re-election. Compllance wlth Sector-wide Legislation and Standards The charity engages pro-a¢lively with legislation, standards and codes which are developed for the sector. Slranmillis Evangelical Presbyterian Church subscribes lo and is compliant with the following.. The Charities SORP IFRS 3021 Public Benefit Stranmillis Evangelical Presbyterian Church benefits ils members, the local comrnunily and the general public by making known the Christian Gospel of the Lord Jesus Christ through our purpose of the advancement of religlori. Our tnembers, adherents and the general public benefit from the opportunity for public worship, the pastoral care provided, and the mutual opportunitie5 for fellowship and social interaction. The declaration of God's Word on a regular basis enables Spiritual, moral and int&lleclual development, for our congregation and for anyone else who wishes to benefit from what the church offers. the romotion of Christian values and service b members of our
Stranmillis Evangelical Presbyterian Church TRUSTEES, REPORT for the financial year ended 31 December 2024 congregation brings benefit to individuals and society as a whole. Our regular public worship seNices are open lo all, and are advertised on our denominational website, our own website and our public congregational noticeboard. The benefits of our organisation are evidenced through Infomial and ad-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 two minister5 of the church who receives certain benefits as a result of their employment. However, this is incidental and necessary in order to further our advancement of religion charitable purpose. There are no other private benefits, as all of our activities are open to the general public and advertised to them. Our beneficiaries include our members. their families, and tho community in which we minister. The Trustees of Stranmillis Evangelical Presbyterian Church have given careful consideration to the Charity Commission of Northern Ireland's Statutory guidance on public benefit to ensure that the activities entered into during the year have helped lo achieve the charity's purposes and provido a benefit to ils beneficiaries. q/iolZL2S Approved by the Board of Trustees on and signed on its behalf by: Mr Harold Gibson Trustee
Stranmillis Evangelical Presbyterian Church STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 December 2024 The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. The law applicable lo charities in Northern Ireland requires the trustees to prepare financial ststements 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 financial statements. the trustees are required to.. 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 financ4al statements have been prepared in accordance with applicable accoLJnling sl8ndards, identify those standards, and note the effect and the reasons for any material departure from those standards., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the char41y will continue in operation. The trustee5 confirm that they have complied with the above requirements in preparing the financia1 statements. The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charity's transactions and disc105e with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charitie5 Act (Northem 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 Board of Trustees on and signed on its behalf by: Mr Harold Gibson Trustee
Stranmillis Evangelical Presbyterian Church INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF STRANMILLIS EVANGELICAL PRESBYTERIAN CHURCH We have examined the financial staternent5 of the charity for the financial year ended 31 December 2024, which comprise the Statement of Financi81 Activities. the Balance Sheet and the related notes. This report is made solely to the charity's members, as a body. in accordance with the Charities Act INorthern lTrland} 2008. Our work has been undertaken so that we might compile the financial statements that we have been engaged lo compile. report lo the Board of Trustees that we have done so, and slate those matters that we have agreed lo stale lo them in this report and for no other purpose. To the fullest extent permilled by 18w. we do not accept or assume responsibility lo anyone other than the charity and the Charty,8 members, as a body. for our work. or for this report. Respective responsibilitles of trustees and examiner The ch8rity'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 trustees consider that an audit is not required for this financial year under the Charities Act (Northem Ireland) 2008 and that an independent examination is required. It is our responsibility to.. examine the financial slalements under section 65 of the Charities Act.. follow the procedLJres laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65191{bl of the Charities Act., and slate whether particular matters have come to our attention. Basis of indgpondgnt examiner's report We have examined your charity financial statement5 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 Northern Ireland under section 6519}Ib} of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. 11 also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the Iruslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audil and consequently no opinion is given as lo whether the accounts present a 'lrue and fair, view and the port is limited lo Ihose mallers sel 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.. 8ccgunling records were not kept in accordance with section 63 of the Charities Act the financial slalements do not accord with those accounting records the financial statements have not been prepared in accordance with Ihe Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Report4ng Standard applicable in the UK and Republic of Ireland IFRS102} there is further information needed for a proper understanding of the accounts lo be reached. Independent examiner's statament We have no concerns and have come across no other mallers in connection with the examination to which attention should be d wn in this repo rder to enable a proper understanding of the financial statements lo be reached. DAL Cha RK & COMPANY LTD ed Accountants egie Street Lurgan Co. Armagh BT66 6AS Northern Iroland Date: ...............................
Stranmillis Evangelical Presbyterian Church STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 December 2024 Unrestri¢tod Rèstylcted Funds Funds 2024 2024 Total Unreslricled Reslricled Funds Funds Funds 2024 2023 2023 Tol81 Funds 2023 Notes Incoming Resources Voluntary Income Investments 164,797 4.201 12.183 108 176,980 4,309 156,919 33 5,112 68 162,031 101 Total Incoming resources 168,998 12,291 181,289 156,952 5,180 162,132 Resources Expended Charitable activities 236,078 8,766 244.844 213,062 13,311 226,373 Net In¢omel{expendlturel {67.080) 3,525 {63,5551 (56.1101 18.1311 {64,241) Transfers between funds 15.366 (15,366) (45,9411 45,941 Net movement in funds for the flnanclal year (51.7141 {11,841) {63,555) 1102,0511 37.810 164.241) Reconciliation of funds: Total funds beginning of the year 12 1.181,356 45,622 1,226.978 1.283,407 7,812 1,291,219 Total funds at the end of the year 1.129,642 33.781 1,163,423 1,181,356 45,622 1,226,978 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate lo continuing activities. The notes on pages 10 to 13 form pari of the financial st8lemenls
Stranmillis Evangelical Presbyterian Church BALANCE SHEET as at 31 Dember 2024 2024 2023 Notes Flxed Assets Tangible assets 1.004.637 1.049,217 Current Assets Oebtors Cash at bank and in hand 3,014 159,184 2,540 177,738 162.198 180,278 Creditors.. Amounts falllng due within one year 10 13,412) 12.517} Net Current Assets 158,786 177,761 Total Assets less Current Llabllitles 1,163,423 1,226,978 Funds Restricted funds Designated funds Iunreslrictedl General fund lunrestricted} 33,781 1,004,637 125,005 45,622 1.049,217 132,139 Totsl funds 12 1,163,423 1,226,978 Approved by the Board of Trustees and authorisod for issue on behalf by ,g11ts12L-JLS and $ignod on its Mr Harold Gibsoh Twstee The notes on pages 10 10 13 form part oflhe financial statements
Stranmillis Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year er>ded 31 December 2024 GENERAL INFORMATION Slranmilli5 Evangelical Presbyterian Church is a charity incorporated in Northern Ireland. The registered office of the charity is Evangelical Presbyterian Church, 36 Stranmillis Road, Belfast, Co. Antrim, B Tg SAA, Northern Ireland which is also the principal place of business of the charity. The financial statements have been presented in Pound l£} which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consislenlly in dealing with items which are considered material in relation lo the charity s financial slalements. Basls of preparation The financial statements have been prepared on the going concern basis under the historical cost convention, modified lo include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice ISORP} "Accounting and Reporting by Charities preparing their 8ccounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102.. As perniitted by the Companies Act 2006. the charity ha5 varied the stand2rd formats in that act for the Statement 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. Statement of compliance The financial statements of the charity for the financial year ended 31 December 2017 have been prepared on the going concem basis and in accordance with the Slaternent of Recommended Practice ISORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting StaTbdard applicable in the UK and Republic of Ireland FRS 102" Incomlng Resources Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally enlilled lo the income, perfomiance conditions allached lo the itemls) of income have been mel, the amounts involved can be measured with sufficient reliability and il is probable that the income will be received by the charity. Resources Expended Expenditure is analysed between c051s of charitsble activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a resLJIt of a past event. a transfer of economic benefits is requir8d in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity bul cannot be attributed lo one activity. Such costs are allocated to a¢livities in proportion lo staff lime spent or other suitable measure for each activity. Tangible flxed assets and depreciation Tangible fixed assets are slated at cost or at valuation. less accumulat8d depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their eslimaled residual value. over their expected useful lives as follows: Land and buildings freehold Fixtures, fittings and equipment Motor vehicles 4Q/o Straight line 200/0 Straight line 15 % Straight line No depreciation charged on assets under con51ruclion. Debtors Debtors arg recognised at the settlement amount due after any discount offered. PpaYMentS are valued al the amount prepaid nel of any trade discounts due. Income recognised by the Charity from government agencies and other co-funders, bul not yet received al financi81 year end. is included in debtors. Cash at bank and in hand Cash al bank and in hand comprises cash on deposit at banks requiring less than three months notice of wilhdrawal. 10
continued Stranmillis Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 Taxation No current or deferred laxalion arises as the charity ha5 been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. INCOME DONATIONS AND LEGACIES Unrestricted Restrlcted Funds Funds 2024 2023 General Offerings Special Offerings General treasurer Special Offerings Congregational Other income 157,301 1,020 520 10,643 158,321 520 10,643 7.496 155,865 728 3,364 2.074 7,496 164,797 12.183 176,980 162.031 INVESTMENTS Unrestricted Restricted Funds Funds 2024 2023 Investment Income 4.201 108 4,309 101 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2024 2023 Cost Charitable Activities 183,909 60.935 244.844 226,373 SUPPORT COSTS Charitable Activities 2024 2023 Support Costs 60,935 60,935 62,126 ANALYSIS OF SUPPORT COSTS 2024 2023 Support Cost5 60,935 62,126 NET INCOMING RESOURCES 2024 2023 Net Incoming Resources are stated after charglngl{crediting): Depreciation of tangible assets 58.828 55,979 INVESTMENT AND OTHER INCOME 2024 2023 Bank interest 4,309 470 11
continued Stranmillis Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 TANGIBLE FIXED ASSETS Land and Flxtures. buildings fittings and freehold oquipmènt Motor vehic19S Total Cost At 1 January 2024 Additions 1,314.083 2,768 14.248 19,080 1,335,931 14,248 At 31 December 2024 1,314,083 17.016 19.080 1,350,179 Depreclatlon At 1 January 2024 Charge for the financial year 276,466 52,563 1,662 3,403 8.586 2,862 286.714 58,828 Al 31 December 2024 329,029 5,065 11.448 345.542 Net book value Al 31 December 2024 985,054 11.951 7,632 1,004.637 Al 31 December 2023 1,037.617 1,106 10,494 1.049,217 DEBTORS 2024 2023 Prepayments and accrued income 3.014 2,540 10. CREDITORS 2024 2023 Amounts falling due within one year Accruals and deferred income 3.412 2,517 11. RESERVES 2024 2023 Al the beginning of the year Deficit for the financial year 1.226,978 163.555) 1,291.219 164,241 } Al the end of the year 1,163,423 1,226.978 12. FUNDS 12.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Restrlcted Funds Funds Total Funds Al 1 January 2023 Movemenl during the financial year 1,283,407 {102.0511 7.812 37,810 1.291.219 {64,2411 Al 31 December 2023 Movement during the financial year 1,181,356 {51,7141 45,622 {11,841) 1,226,978 {63,5551 Al 31 December 2024 1,129,642 33.781 1,163.423 12
continued Stranmillis Evangelical Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 12.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2024 Income Expenditure Transfers Balance between 31 December funds 2024 Restricted funds Central Fund Building Fund 2,653 42,969 11,163 1,128 111,119} 14,247} 2,697 31.084 8,766 45.622 12,291 8.766 115,3661 33,781 Unrestricted funds Designated Fixed Asset Fund Unrestricted General 1,049.217 132,139 {44,5801 59,946 1,004,637 125,005 168,998 236,078 1,181,356 168,998 {236.0781 15.366 1,129,642 Total funds 1,226,978 181,289 244.844 1.163,423 13. POST-BALANCE SHEET EVENTS There have been no significant events aff8cling the Charity since the financial year-end. 14. TRUSTEE REMUNERATION The trustees did not receive nor did the waive any remuneration during the Current financial year.12023- £nill 15. INDEPENDENT EXAMINERS REMUNERATION The independent examiners remuneration amounts to an independent examination fee of £1,600. {2023 £1,440). No olhor monies have been paid to Daly Park & Company Ltd. 13