Charlty registration number NIC103440
Company registration number N1605446 (Northern Ireland)
SEAGOE MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

SEAGOE MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Rev Canon T J Cadden
Mr PA Holland
Mr C K Livingstone
Mrs P E Richardson
MrA G M Stevenson
Ms S O'Hare
Charity number
NIC103440
Company number
N1605446
Reglstered offlce
46 Seagoe Road
Portadown
Craigavon
CoAmagh
BT63 5HW
Independent examiner
GMCG PORTADOWN
17 Mandeville Street
Portadown
Craigavon
Co Armagh
BT62 3PB
Bankers
HSBC
52-56 Meadow Lane
Portadown
Craigavon
CoArmagh
BT62 3NJ

SEAGOE MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Trustees. report
Independent examinerfs report
statement of financial activities
Balance sheet
Notes to the financial statements
7-13

SEAGOE MINISTRIES
{A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOMEAND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestrlcted
funds
2024
Total
2023
Notes
Donations and legacies
Charitable activities
50,000
25,322
50,000
41,012
Total income
75,322
91,012
Charitable activities
64,144
105,366
Net incomel{expenditurel for the yearl
Net movement in funds
11,178
(14,354)
Fund balances at 1 January 2024
16,675
31,029
Fund balances at 31 December 2024
27,853
16,675
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

SEAGOE MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Tangible assets
11
1,727
1,999
Current assets
Debtors
Cash at bank and in hand
12
4,641
24,739
6,831
9,508
29,380
16,339
Creditors: amounts falling due wlthln
one year
13
(3,254)
(1,663)
Net current assets
26,126
14,676
Total assets less current liabilities
27,853
16,675
Net assets excluding pension liability
27,853
16,675
The funds of the charitable company
Unrestrtcted funds
27,853
16,675
27,853
16,675
The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the
Companies Act 2006, for the year ended 31 December 2024.
The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records
which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of
the state of affairs of the charitable company as at the end of the financial year and of its incoming reSoUr￿S and
application of resources, including its income and expenditure, for the financial year in accordance with the
requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act
2006 relating to financial statements, so far as applicable to the charitable company.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the trustees on
Rev Canon T J Cadden
Trustee
Company registration number N1605446 (Northern Ireland)

SEAGOE MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity information
Seagoe Ministries is a private company limited by guarantee incorporated in Northern Ireland. The registered
office is 46 Seagoe Road, Portadown, Craigavon, Co Armagh, BT63 5HW.
1.1 Accounting convention
The financial slatements have been prepared in accordance with the charitable company's Memorandum and
Articles of Association, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)° (as amended for accounting
periods commencing from 1 January 2019). The charitable company is a Public Benefit Entity as defined by
FRS 102.
The charitable company has tsken advantsge of the provisions in the SORP for charities applying FRS 102
Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charitable company.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectstion that the
charitable company has adequate resources to continue in operational existence for the foreseeable future.
Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted fvnds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charitable company.
1.4 Incoming resources
Income is recognised when the charitable company is legally entitled to it after any performance conditions
have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. other donations are recognised once the charitable company has
been notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised al the time of
the donation.
Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending
distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as
a contingent asset.

SEAGOE MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcies (Contlnued)
Donated facilities are recognised as income when the charitable company has control over the item, any
conditions associated with the donated item have been met, the receipt of economic benefit from the use by
the charitable company of the item is probable and that economic benefit can be measured reliably. On
receipt, donated facilities are recognised on the basis of the value of the gift to the charitable company which
is the amount the charitable company would have been willing to pay to obtain facilities of equivalent
economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period
of receipt.
1.5 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of
the obligation can be measured reliably. Expenditure is classified by activity.
(i) Charitable activities
This comprises all the resources applied by the charitable company in undertaking its work to meet its
charitable objectives.
(li) Governance costs
Governance costs include the costs of govemance arrangements which relate to the general running of the
charitable company.
Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a
basis consistent with use of the resources.
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Furniture and equipment
25 % reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impalrment of fixed assets
At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.

SEAGOE MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (Continued)
1.9 Financial instruments
The charilable company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company
becomes paty to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charitable company's contractual obligations expire or are
discharged or cancelled.
Critical accounting estimates and judgements
In the application of the charitable company's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical experience
and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting
estimates are recognised in the period in which the estimate is revised where the revision affecls only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carying
amounts of assets and liabilities are as follows.

SEAGOE MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Critlcal accounting estimates and judgements (Continued)
Flxed Assets
The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset
and estimates of residual values. The trustees regularly review these asset lives and change them as
necessary to reflect current thinking on remaining lives in light of prospective economic Utilisatlc￿ and physical
condition of the assets concerned. Changes in asset lives can have a significant impact on depreciab'on and
amortisation charges for the period. Detail of the useful lives is included in the accounting policies.
Donated facilities
Donated facilities are recognised on the basis of the value of the gift to the charrtable company, this being the
amount the charitable company would be willing to pay on the open market basis. The assessment of value
involves judgement by the trustees and some estimation and uncertainty in relation to the market conditions
and the benefit derived from the donated facility.
Donations and legacies
2024
2023
Donated facilities
50,000
50,000
All amounts in the current and prior year are unrestricted in nature.
Charitable actlvlties
2024
2023
Income from charitable activities
25,322
41,012
The directors consider the charity to have one charitable activity, that being the hire of Seagoe Parish Centre
and related Parish facilities.
All amounts in the current and prior year are unrestricted in nature.
10-

SEAGOE MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charltable actlvltles
Provlslon of Donatlons
premises
and facilities
Total
Total
2024
2024
2024
2023
Rent
Recharge for staff services
Catering
Maintenance
utilities
Donations
Depreciation
50,000
7,337
3,414
333
50,000
7,337
3,414
333
50,000
10,222
5,220
605
341
35,000
666
520
520
61,604
61,604
102,054
Share of support costs (see note 6)
Share of governance costs (see note 6)
1,410
1,130
1,410
1,130
1,906
1,406
64,144
64,144
105,366
No donations were made during the year {2023- £35,000) to Seagoe Parish Church.
All amounts in the current and the prior year are unrestricted in nature.
Support costs
Support Governance
costs
costs
2024
2023
Recharge for staff services
General
Bank charges
1,295
34
81
1,295
34
81
1,804
13
89
Accountancy
Legal and professional costs
990
140
990
140
1,406
1,410
1,130
2,540
3,312
Analysed be￿een
Charitable activities
1,410
1,130
2,540
3,312
11

SEAGOE MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Net movement in funds
2024
2023
The net movement in funds is ststed after chargingl(crediting)-.
Depreciation of owned tangible fixed assets
520
666
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charitable company during the year.
Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Totsl
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Tangible fixed assets
Furniture and
equipment
Cost
At 1 January 2024
Additions
5,581
248
At 31 December 2024
5,829
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
3,582
520
At 31 December 2024
4.102
Carrying amount
At 31 December 2024
1.727
At 31 December 2023
1,999
12-

SEAGOE MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Debtors
2024
2023
Amounts falling due within one year:
Accrued income
4,641
6,831
13 Creditors: amounts falling due within one year
2024
2023
Other creditors
Accruals and deferred income
2,214
1,040
263
1,400
3,254
1,663
14 Explanatory notes to the funds
All assets and liabilities of the charity in the current and prior year are unrestricted in nature.
Unrestricted funds includes income from charttable activities and donations that the charitable company
receives and is expendable at the discretion of the trustees for the general purposes of the charitable
company.
15 Related party transactions
Payments of £8,632 for recharging staff services and £478 for catering were made to Seagoe Parish during
the year, of which trustees Rev Canon T J Cadden, Mr PA Holland, Mrs P E Richardson and Ms S O'Hare are
trustees. The recharge for stsff setvices includes amounts for work completed by trustee Mrs P E Richardson
as an employee of Seagoe Parish.
Seagoe Parish also donated facilities for use by the charitable company during the year. £50,000 was
included as income for the donated facilities and a charge of £50,000 was included as a rent expense.
Income for the hire of facilities, charged on normal terms, totalling £341, was received during the year from Ms
R Richardson (daughter of trustee, Mrs P E Richardson).
13-