CHARITY REGISTRATION NUMBER: NIC104311
Cooke Centenary Congregation of the Presbyterian Church in Ireland
Unaudited Financial Statements
31 December 2024
Finegan Gibson Ltd Chartered accountants Causeway Tower 9 James Street South Belfast BT2 8DN
Cooke Centenary Congregation of the Presbyterian Church in Ireland
Financial Statements
Year ended 31 December 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities (including income and | |
| expenditure account) | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
Cooke Centenary Congregation of the Presbyterian Church in Ireland
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024.
Reference and administrative details
Registered charity name Cooke Centenary Congregation of the Presbyterian Church in Ireland
Charity registration number NIC104311 Principal office and registered 216 Ormeau Road office Belfast BT7 2 FY The trustees D McWilliams Dr C Hetherington K Savage E MacNeill M Wisoner A Wilson B Taylor C Reynolds P McWilliams J McKnight J Glenn H Glenn J Emerson C Smith H Brunt S Bennis A Allen Rev D Gray M Riddel (Resigned 5 April 2024) B Carson (Appointed 18 February 2024) Independent examiner Finegan Gibson Ltd
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
1
Cooke Centenary Congrngatlon of the Presbyterlan Church in Ireland Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) (cont*xMqJ Year ended 31 December 2024 Ttr trustees. report wa¥ appmved on 29 Octh 2025 and jigned on behaff of Ihe boar(l ol trustees by: Savage Trustee E MacN•il Trustee
Cooke Centenary Congregation of the Presbyterian Church in Ireland Independent Examinerfs Report to the Trustees of Cooke Centenary Congregation of the Presbyterian Church in Ireland Year ended 31 December 2024 I rep)rt to Ihe trustees on my examination of the firk2ncial statements of Cooke Centenary Congregation of the Presbyterian Church in Ireland (Yhe charrtV) for ts yew ended 31 December 2024. Re8pon8lbllitles and bas58 of report As th8 tru8te8s of the cornp (aryj also its directcys for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charrties Act (Ncrthem Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act,). You are satisfEd that the a¢unt$ of the company are not required by charity or company jaw to be audited arKJ have chosen instead to have an independent examination. HavirvJ satisfied myseff that the accounts of the company are rK)t required to be audited under Part 16 of the 2C(E Ad arKI are eligible for independent examination, I report in respect of my examination of the charity's fInarla1 statements as Ggrried OLrt uThJer sects'on 65 of the 2008 Act. In caryiro out my examination I have followed the general Directiorts given by the Charity Commission for Northem Ireland under section 65(9)(b) of the 2(MJ8 Act. Independent examinefs statement Since the chanty's gross inc(Yne exceeded £250,CKM) yCr examiner must be a member of 8 body listed in section 65 of the 2fX)8 Act. I confimi that l am qu8lrfi8d to urKl8rtake the examination because I a member of the Institute of Chartered Accwntants Ireland, whth one of the listed t)odies. I have cxxnpleted my examination. I corfirn that r matters have come to my attention in cOnnli0n with my examination giving me cause to believe that in any material respect: accounting records were not kept in resk*d of the charity as required by secti)n 386 of the 2CKE Act; c the financial statements do rM)t d wilh those records; or tha financial statements do not comply with the accounting requirements of section 396 of the 2[ Act other than any requirement that the accounts give a 'true and fairf view which is Tr)t a matter considered as part of an indeperKJent examination. or the fInCIal statements have rM)t been prepared in aOran with the methods and principles of Ihe Statement of Recommended Practice for accounting and reFQrting by charities aFplicable to charities preparir¥J their aCntS in accordance with the Financial ReF¥)rtirKJ Standard apleatA@ in the UK and Republic of IrelarKJ (FRS 102). I confirm that there are no 0r rnattS to whth yr attenticn should be drawn to enable 8 proper ujarKllryj of the (ntS to be rhl. Paul Dolan
Cooke Centenary Congregation of the Presbyterian Church in Ireland
Statement of Financial Activities (including income and expenditure account)
Year ended 31 December 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 125,257 | 85,765 | 211,022 | 172,307 |
| Other trading activities | 5 | 55,731 | – | 55,731 | 65,248 |
| Investment income | 6 | – | 186 | 186 | 154 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 180,988 | 85,951 | 266,939 | 237,709 | |
| ================================ | ============================ | ================================ | ================================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 149,241 | 133,258 | 282,499 | 210,318 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 149,241 | 133,258 | 282,499 | 210,318 | |
| ================================ | ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net (expenditure)/income | 31,747 | (47,307) | (15,560) | 27,391 | |
| ================================ | ================================ | ================================ | ================================ | ||
| Transfers between funds | (34,350) | 34,350 | – | – | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net movement in funds | (2,603) | (12,957) | (15,560) | 27,391 | |
| Reconciliation of funds | |||||
| Total funds brought forward | (22,654) | 271,672 | 249,018 | 221,627 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | (25,257) | 258,715 | 233,458 | 249,018 | |
| ================================ | ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 13 form part of these financial statements.
4
Cooke Centenary Congregatlon of the Presbyterlan Church In Ireland Stat•rn•nt of Flnanclal Posftlon 31 Docomber 2024 2024 2023 Currwrt aM•ts Cosh at bank arnl In nd 235,198 249.018 Cr•dltorn: amounts lalllng Ttthln on• y•ar N•t curr•rt ••••ts 12 1.740 233.458 249.018 Total assets1•$8 ¢Ufrnnl IlabllltD•s 233.458 249.018 N•t a68•ts 233.458 249,018 Funds ol th• dwlty Restncted funds Unrestncted fvnds 255,715 122,257) 233,458 271.672 (22,654) 249,018 Total charfty fund• 14 For the year enJng 31 D•¢•mbor 2024 th• chth was b) exemMw)n from alit secti 477 of the Compani•s Acl 20tA iela•rKJ to small comparM•s D¥eCt$, rewn¥LMI'riies wnbers have not required the coryany to obtain an autht of its finwKial statements for the year n ql)n in acco(danc wrth s8clKYs 476" Thè dyectors &noledge their resporffjtil1tS for ¢omplyvvJ iih the requyenwts of the ilh res to xcountin9 records and the prepwabon of financol slalements. These financial statemerts have been prepared n accordance the kyovlsions apICable lo ¢ompanie• 8ubJo¢t to I small compani••' ragfv. These financial Slatements were approved by the board of trustees and auth¢xised for on 29 Oclober 2025, and we sned on behalf of Ihe l)ard by: K Savage E MacN'll Truslee Th• not•• on pag•• 6 to 13 forn) p•rt ol thM• Ilnan¢lal stat•m•nt
Cooke Centenary Congregation of the Presbyterian Church in Ireland
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in Northern Ireland. The address of the registered office is 216 Ormeau Road, Belfast, BT7 2 FY.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
6
Cooke Centenary Congregation of the Presbyterian Church in Ireland
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
7
Cooke Centenary Congregation of the Presbyterian Church in Ireland
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Financial instruments (continued)
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
8
Cooke Centenary Congregation of the Presbyterian Church in Ireland
Notes to the Financial Statements (continued)
Year ended 31 December 2024
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 21,040 | 65,965 | 87,005 | |
| Free Will Offering | 90,762 | – | 90,762 | |
| Gift Aid Rebates | – | – | – | |
| Fund Raising | 13,455 | – | 13,455 | |
| Mission Income | – | 6,738 | 6,738 | |
| Organisation Income | – | 13,062 | 13,062 | |
| -------------------------------- | ---------------------------- | -------------------------------- | ||
| 125,257 | 85,765 | 211,022 | ||
| ================================ | ============================ | ================================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 5,636 | 22,477 | 28,113 | |
| Free Will Offering | 73,827 | – | 73,827 | |
| Gift Aid Rebates | 13,492 | – | 13,492 | |
| Fund Raising | 8,758 | – | 8,758 | |
| Mission Income | – | 11,057 | 11,057 | |
| Organisation Income | – | 37,060 | 37,060 | |
| -------------------------------- | ---------------------------- | -------------------------------- | ||
| 101,713 | 70,594 | 172,307 | ||
| ================================ | ============================ | ================================ | ||
| Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Property Letting Income | 51,112 | 51,112 | 45,960 | 45,960 |
| Other Income | 4,619 | 4,619 | 19,288 | 19,288 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 55,731 | 55,731 | 65,248 | 65,248 | |
| ============================ | ============================ | ============================ | ============================ | |
| Investment income | ||||
| Restricted | Total Funds | Restricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Bank interest | 186 | 186 | 154 | 154 |
| ============== | ============== | ============== | ============== |
5. Other trading activities
6. Investment income
9
Cooke Centenary Congregation of the Presbyterian Church in Ireland
Notes to the Financial Statements (continued)
Year ended 31 December 2024
7. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Charitable activities | 147,501 | 133,258 | 280,759 | ||
| Support costs | 1,740 | – | 1,740 | ||
| -------------------------------- | -------------------------------- | -------------------------------- | |||
| 149,241 | 133,258 | 282,499 | |||
| ================================ | ================================ | ================================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Charitable activities | 159,897 | 50,421 | 210,318 | ||
| Support costs | – | – | – | ||
| -------------------------------- | ---------------------------- | -------------------------------- | |||
| 159,897 | 50,421 | 210,318 | |||
| ================================ | ============================ | ================================ | |||
| Expenditure on charitable activities by activity | type | ||||
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Charitable activities | 280,759 | – | 280,759 | 210,318 | |
| Governance costs | – | 1,740 | 1,740 | – | |
| -------------------------------- | ----------------------- | -------------------------------- | -------------------------------- | ||
| 280,759 | 1,740 | 282,499 | 210,318 | ||
| ================================ | ======================= | ================================ | ================================ | ||
| Independent examination fees | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 1,080 ======================= |
– ============== |
8. Expenditure on charitable activities by activity type
9. Independent examination fees
10. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 37,765 | 35,966 |
| Social security costs | 3,956 | 4,702 |
| Employer contributions to pension plans | 9,064 | 8,632 |
| Other employee benefits | 630 | 904 |
| ---------------------------- | ---------------------------- | |
| 51,415 | 50,204 | |
| ============================ | ============================ |
The average head count of employees during the year was 1 (2023: 1).
10
Cooke Centenary Congregation of the Presbyterian Church in Ireland
Notes to the Financial Statements (continued)
Year ended 31 December 2024
10. Staff costs (continued)
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
11. Trustee remuneration and expenses
No trustee received remuneration or reimbursement for expenses during the year. (2023: £Nil)
12. Creditors: amounts falling due within one year
2024 2023 £ £ Accruals and deferred income 1,740 – ======================= ==============
13. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £9,064 (2023: £8,632).
14. Analysis of charitable funds
Unrestricted funds
| At | At | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | January | 20 | 31 | Decembe | ||||
| 24 | Income | Expenditure | Transfers | r 2024 | ||||
| £ | £ | £ | £ | £ | ||||
| General funds | (22,654) | 180,988 | (149,241) | (31,350) | (22,257) | |||
| ============================ | ================================ | ================================ | ============================ | ============================ | ||||
| At | At | |||||||
| 1 | January | 20 | 31 | December | ||||
| 23 | Income | Expenditure | Transfers | 2023 | ||||
| £ | £ | £ | £ | £ | ||||
| General funds | (29,718) | 166,961 | (159,897) | – | (22,654) | |||
| ============================ | ================================ | ================================ | ============== | ============================ |
11
Cooke Centenary Congregation of the Presbyterian Church in Ireland
Notes to the Financial Statements (continued)
Year ended 31 December 2024
14. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 January 20 | 31 Decembe | ||||
| 24 | Income | Expenditure | Transfers | r 2024 |
|
| £ | £ | £ | £ | £ | |
| Restricted | |||||
| Congregational Property | |||||
| Funds | 37,859 | 65,965 | (96,398) | 25,000 | 32,426 |
| Restricted | |||||
| Congregational | |||||
| Missions and Charities | |||||
| Fund | 2,564 | 6,738 | (14,449) | 6,350 | 1,203 |
| Restricted | |||||
| Congregational Funds | 126,768 | 186 | – | – | 126,954 |
| Restricted | |||||
| Organisational Funds | 104,481 | 13,062 | (22,411) | – | 95,132 |
| -------------------------------- | ---------------------------- | -------------------------------- | ---------------------------- | -------------------------------- | |
| 271,672 | 85,951 | (133,258) | 31,350 | 255,715 |
|
| ================================ | ============================ | ================================ | ============================ | ================================ | |
| At | At | ||||
| 1 January 20 | 31 December | ||||
| 23 | Income | Expenditure | Transfers | 2023 |
|
| £ | £ | £ | £ | £ | |
| Restricted | |||||
| Congregational Property | |||||
| Funds | 40,957 | 22,478 | (25,576) | – | 37,859 |
| Restricted | |||||
| Congregational | |||||
| Missions and Charities | |||||
| Fund | 2,514 | 11,057 | (11,007) | – | 2,564 |
| Restricted | |||||
| Congregational Funds | 126,615 | 153 | – | – | 126,768 |
| Restricted | |||||
| Organisational Funds | 81,259 | 37,060 | (13,838) | – | 104,481 |
| -------------------------------- | ---------------------------- | ---------------------------- | -------------- | -------------------------------- | |
| 251,345 | 70,748 | (50,421) | – | 271,672 |
|
| ================================ | ============================ | ============================ | ============== | ================================ |
12
Cooke Centenary Congregation of the Presbyterian Church in Ireland
Notes to the Financial Statements (continued)
Year ended 31 December 2024
15. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Current assets | (20,517) | 255,715 | 235,198 |
| Creditors less than 1 year | (1,740) | – | (1,740) |
| ---------------------------- | -------------------------------- | -------------------------------- | |
| Net assets | (22,257) | 255,715 | 233,458 |
| ============================ | ================================ | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Current assets | (22,655) | 271,673 | 249,018 |
| Creditors less than 1 year | – | – | – |
| ---------------------------- | -------------------------------- | -------------------------------- | |
| Net assets | (22,655) | 271,673 | 249,018 |
| ============================ | ================================ | ================================ |
13