St. ANDREW'S CONGREGATION of the PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY
for the year ended 31 December 2024
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
135,501 59,787
195288 188,353
1,411
1,411
1,395
Total
136,912 59,787
196,669 189,748
Expendlture on..
Raising funds
Charitable activities
Other
149.970 82,675
480
524
0 232,645 249,356
Total
150.450 82,675
233,125 249,880
Net gains/(losses) on investments
Net Income / (expendlture)
Transfers between funds
Gains/{losses) on revaluation of
fixed assets
(13,538) {22,888)
(805)
805
(36,426) (60,132)
Net movernent in funds
Reconciliation of funds..
Total funds brought fonvard
{14,343} (22,083)
0 {36,426) {60,132}
74,033 427,624
501,657 561,789
Total funds carrled forward
59,690 405,541
0 465,231 501,657
23

St. ANDREW'S CONGREGATION of the PRESBYfERIAN CHURCH IN IRELAND
BALANCE SHEEr
As at 31 December 2024
Fixed assets:
Tangible assets
Heritage assets
Investments
12
357.680
357,680 365,913
13
Totsi flxed assets
357,680
357,680 365,913
Current assets
Debtors
Current Investment5
Cash at bank and in hand
14 28133
11,894
40,027
34,850
15
36,191
43.573
79,734 112,851
Total current assets
64,324
55,437
119,761 147,701
Llabilltles:
Creditors: Amounts falling due
within one year
16
4.634
7,576
12,210
11,957
Net current assets
59,690
47.861
107,551 135,744
Total assets less current Ilabilities
Creditors: Amounts fallin8 due after 17
more than one year
Provisions for liabilities
59,690
405,541
465,231 501,657
Totsl net assets
59,690
405,541
465,231 501,657
24

St. ANDREWS CONGREGATION of the PRESBYfERIAN CHURCH IN IREIAND
BALANCE SHEEf (convd)
As at 31 December 2024
Funds of the charlty
Endowment funds
Restritted income funds
Unrestrirted funds
Revaluation reserve
18
0 405,541
59.690
405,541
59,690
18
427,624
74,033
Totsi charlty funds
59,690 405.541
465,231 501,657
Approved by the Kirk Sesslon at a meetlng on 10th February 2025 and signed on Its behalf
by
Name Rev. RS. Aicken
K. Brown
Date
ioth February 2025
ioth February 2025
25

St. ANDREW'S CONGREGATION of the PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2024
ACCOUNTING POUCIES
BASIS OF FINANCIAL sfATEMEKrs
The financial staternents have been prepared in accordance with Accounting and Reporting
by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland
{FRS102) (effective l January 2015).
The financial statements have been prepared under the historical cost conventlon except
for investment assets, which are shown at market value. The financial statements include all
transactions, assets and liabilities for which the congregation is responsible in law. They do
not include the accounts of church group5 that owe their affiliation to another body, nor
those that are informal gatherings of church members.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or at
the congregation's discretion; the income derived from the endowment is to be used either
as restricted or unrestritted income funds depending upon the purpose for which the
endowment was established in the first place.
Restricted funds comprise {a} income from endowments which is to be expended only on
the restricted purposes intended by the donor and (b) revenue donations or grant5 for a
specific congregational activity intended by the donor. Where these funds have unspent
balances, interest on their pooled investment is apportioned to the individual funds on an
average balance basis.
Unrestritted funds are income funds which are to be spent on the congregation's general
purposes. Designated funds are general funds set aside by the congregation for use in the
future.
26

St. ANDREWS CONGREGATION of the PRESBYTERIAN CHURCH IN IREIAND
NOTES TO THE ACCOUNTS
31 December 2024
ACCOUNTING POLICIES(conYd)
INCOMING RESOURCES
{[) Recognition of Incoming resources
These are included In the Statement of Financial Activities (SOFA) when:
the congregation becomes entitled to the resources.
the trustees are virtually certain they will receive the resources. and
the monetary value can be measured with sufficient reliably.
(li) Incoming reSoUr￿S with related expendlture
Where incomlng resouros have related expenditure (as with fundraislng income) the
Incoming resources and related expenditure are reported gross in the SOFA.
(111) Grants and donations
Grants and donations are only included in the SOFA when the congregation has
unconditional entitlement to the resources.
(Iv) Tax reclalms on donatlons and glfts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift
to which they relate.
(v) Contractual income and perforniance related grants
This is only included in the SOFA once the related goods or services have been delivered.
(vi) Glfts In klnd
Gifts in kind are accounted for at a reasonable estimate of their value to the charlty or the
amount actually realised. Gift5 in kind for sale or distribution are included in the accounts as
gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are
included in the SOFA as incomin8 resources when receivable.
27

St. ANDREW'S CONGREGATION of the PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE AccouKrs
31 December 2024
ACCOUNTING POUCIES (convd)
(vii) Donated servlces and facllitles
These are only included in incoming resources (with an equivalent amount in resources
expended) where the benefit to the charity is reasonably quantifiable, measurable and
material. The value placed on these resources is the estimated value to the charity of the
service or facility received.
(vill) Volunteer help
The value of any voluntary help received is not included in the accounts but 15 described in
the trustees, annual report.
{Ix) Investment Income
This is included in the accounts when receivable.
(x) Investment galns and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND UABILITIES
{xl) Liablllty recognitlon
Llabilities are recognlsed as soon as there is a legal or construttive obligation committing
the congregation to pay out resources.
(xii) Governance costs
These are shown within charitable activities and include the costs of preparation and
examination of accounts, the costs of trustee meetings and cost of any legal advice to
trustees on governance or constitutional matters.
(xiii) Grants with performance condltions
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SOFA once the
recipient of the grant has provided the specified service or output.
28

St. ANDREW'S CONGREGATION of the PRESBYTERIAN CHURCH IN IREIAND
NOTES TO THE ACCOUNTS
31 December 2024
ACCOUNTING pouaES {conVd)
(xiv) Grants payable without perfomiance conditions
These are only recognised in the accounts when a commitment has been made and there
are no conditions to be met relating to the grant which remain in the control of the charity.
ASSETS
(xv) Tanglble Flxed Assets
Tan8ible flxed assets for use by charity are capitalised if they can be used for more than one
year, and c05t at least £2,500. They are valued at cost or, if gifted, at the value to the charity
on receipt.
Depreciation Is recorded on all tangible flxed assets other than freehold land, at rates
calculated to write off the cost, less estimated residual value, of each asset over its expected
useful life as follows
Buildings:
Fixtures, fittings and equipment
Motor Vehicles
Computers, software and technical equipment
- over So years
over 10 years
over 4 years
over 4 year5
(xvi) Investments
Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees, best estimate of market value.
29

St. ANDREW'S CONGREGATION of the PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {conVd)
31 December 2024
DONATIONS AND LEGACIES
Recorded givin8".
Loose collections
Donations and gifts
Gift Aid
Legacies and bequest
1.193
113,886 49,175
20,422 10,612
1,193
952
163,061 158,676
31,034
26,725
2,000
135,501 59.787
195,288 188,353
CHARITABLE AcfiviTIES
Income from charitable
activities
Fees from weddings and
funerals
Membership fees
Fundraising events
Grants
30

St. ANDREW'S CONGREGATION of the PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2024
OTHER TRADING AcfiviTIES
Letting of premises
Trading income
INVESTMENTS
Deposit interest
General Investment Fund
Property Rents
Other investment income
1,411
1,411
1,395
1,411
1,411
1,395
31

St. ANDREW'S CONGREGAlloN of the PRESBrfERIAN CHURCH IN IRELAND
NOTES TO ThE ACCOUNTS (convd)
31 December 2024
OTHER INCOME
Insurance claims
Other income
RAISING FUNDS
FWO envelopes
Loose Offerings
Fundraising events
524
480
524
32

St. ANDREW'S CONGREGATION of the PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (conYdJ
31 December 2024
8.CHARITABLE AcfiviTIES
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational runnin8
expenses
Donations to Missions and
charities
Governance costs
11,934
817
64,894
56.190
11,934
817
64,894
101,445
11,694
778
65,455
102,804
45,255
16,135
37.420
53,555
68,625
149,970 82,675
232,645
249,356
9. OTHER EXPENDITURE
Investment properties expenses
33

St. ANDREW'S CONGREGATION of the PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2024
10. EMPLOYEES
Employment Costs
Wages and Salaries
Social Security Costs
Pension contributions
49,166 50,635
6,394
5,930
9.334
8,890
64,894 65,455
Number of Employees
The average number of employees, includlng the minlster of the congregation, during the
year was
Average number of employees
There were no employees in receipt of employee benefits in excess of £60,000.
34

St. ANDREW'S CONGREGAnoN of the PRESBYfERIAN CHURCH IN IRELAND
NOTES TO ThE ACCOUNTS (convd)
31 December 2024
11. PENSION COSTS
The minister of a Congregation is a member of the Presbyterian Church in Ireland Pension
Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate
registered charity. The congregation pays an assessment to the Presbyterian Church in
Ireland equivalent to the employerfs pension contribution for the Scheme and based on the
stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme {2009) is a
funded Scheme of the defined benefit type, providing defined benefits based on career
average revalued salary. The Scheme has assets held in a separately administered fund
managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have
agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and
future obligations. A formal schedule of contributions was drawn up on 25 November 2015
whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of
24% of pensionable salaries to cover the accrual of benefits for fvtU￿ service, expenses, the
cost of insuring death in serdice benefits and funding the Scheme deficit.
The contributions made by the congregation durin8 the year were
Contributions
9,334
8,890
The Assistant Minister and the Intern were not members of a pension scheme.
Contributions
35

St. ANDREWS CONGREGATION of the PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2024
12. TANGIBLE FIXED ASSETS
Cost or valuatlon
At start of year
Additions
Disposals
421.650
111,210
15,862 548,722
At end of year
421,650
111,210
15,862 548,722
Depreclation
At start of year
Provision for year
Disposals
56,598
7.372
110,349
861
15,862 182,809
8.233
At end of year
63,970
111,210
15,862 191,042
Net Book Value
At Start of year
365,052
861
365,913
At end of year
357,680
357,680
13. INVEsfMENTS
2024
2023
General Investment Fund
Investment Properties
36

St. ANDREW'S CONGREGATION of the PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {conYd)
31 December 2024
13. INVESTMENTS (Conyd)
2024
2023
Value at start of year
Additions
Disposals
Impairment
Gains / (Losses on revaluation}
Value at end of year
14. DEBTORS
2024
2023
Gift Aid Recoverable
Prepayments
31,034
8,993
26,725
8,125
40,027
15. CASH AT BANK AND IN HAND
34,850
2024
2023
Danske Bank current account
P05t Office current account
Danske Bank deposit account
Cash in hand
29,009
236
50,489
19,367
236
93,248
79,734 112,851
37

St. ANDREW'S CONGREGATION of the PRESBYfERIAN CHURCH IN IRELAND
NOTESTO THE Accouwfs {conVd)
31 December 2024
16. CREDITORS: Amounts falling due within one year
2024
2023
Trade Creditors
12,210 11,957
12,210 11,957
17. CREDITORS: Amounts falling due after more than one year
2024
2023
St Andrew5 has not reached agreement with P.C.l.
on the £300,IJ)O liability on the Church Building
38

St. ANDREW'S CONGREGATION of the PRESBYTERIAN (IIURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 De￿rnber 2024
18. FUND BALANCES AND RECONCIUATION OF FUNDS
Fund
Balance
at start
Income
Expend.
Gains/ Transfer Balance
L055es
at end
Unrestricted Funds
General Fund
74.033
136,912 {150,450)
1805}
59,690
74,033 136,912 (150.450)
(8051
59,690
Restrlrted Funds
Tan8ible Assets
Property Fund
General Missionary Fund
Rivero Support Fund
Rivero Education Fund
Rivero Gift
Benevolent Fund
United Appeal
World Development
Royal British Legion
Tear Fund
Flower Fund
365,052
61,605 19,931
5,601
16,474
5,310
495
410
9,151
1,151
136
1,128
{7,372)
(37,830)
(2,450)
116,474)
(5,310)
(1,31)0)
(320)
(9,151)
{1,151)
(136}
(1,128)
153)
0 357,680
43,706
3,151
695
785
272
219
427,624 59.787
{82.675)
805 405,541
Endowment Funds
Total
501,657 196,699 1233,125}
465,231
39

St. ANDREWS CONGREGATION of the PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 DECEMBER 2024
19. RELATED PARTYThANSAcfioNS
One of the Trustees, the Minister of the Congregation received remuneration of £38,892
and expenses of £7,036 for acting in that capacity. Pension contributions of £9,334 were
paid by the Congregation in respect of the Minister to the Presbyterian Church in Ireland
Pension Scheme {2009). None of the other trustees reoived any remuneration. but one
trustee is a Director in the company that provides the musical services to the Congregation
and it was paid £8.000.
During the year the Congregation contributed the following amounts to Funds of the
General Assembly of the Presbyterian Church in Ireland a separate charity:
£11,934 for Congregational Assessments
£9,151 towards the United Appeal
£1,151 towards the World Development Appeal
During the year the Congregation contributed the following amount to East Belfast
Presbytery a separate charity:
£817
There were no other related transactions.
40