Presbyter an CASTLEREAGH PRESBYtERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Castlereagh Presbyterian Church a congregation of the Presbyterian Church in Ireland Trustees Annual Report and Financial Statements for the year ended 31st December 2024 Registered with the Chority Commi55ionfor Northern Ireland NIC 104335
an CASTLEREAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statements for the year ended 31st December 2024 including a Balance Sheet as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Castlereagh Congregation of the Presbyterian Church in Ireland 79 Church Road Castlereagh Belfast BT6 9SA Registered Charity in Northern Ireland (NIC 104335) CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were.. May Anderson Andrew Mccann Phyllis Grier Rev. Mervyn Burnside John Hanna PRINCIPAL OFFICE BEARERS Minister Clerk of Session Accounts prepared by Rev. Mervyn Burnside Andrew Mccann PGR Accountants Ltd, 21 Old Channel Road, BT3 9DE INDEPENDENT EXAMINER Jonathan McNeill, ACA, 21 Old Channel Road, Belfast, BT3 9DE BANKERS Danske Bank, Donegall Square West, Belfast, BTI 6JS SOLICITORS King & Gowdy Ltd, 298 Upper Newtownards Road, Belfast, BT4 3EJ.
an CASTLEREAGH PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (continued) The General Assembly The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its business. At the end of business it is dissolved, The membership of the General Assembly consists mainly of the active ministers of each congregation, retired minsters and a representative elder appointed by the Kirk Session of each congregation. DESCRIPTION AND PURPOSE Castlereagh Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is grounded in the Scriptures, and exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play their part in fulfilling God's mission to our world. The congregation's mission purposes is by the grace of God, to help people of all ages become fully devoted followers of Jesus Christ. Our vision is, by the grace of God, to be an inclusive, welcoming community of Christ's people of all ages, which.. is increasingly characterised by love for God, and love and concern for others,. is committed to the historic Christian gospel as revealed in the Bible,. is relevant to people of this time and place. The congregation aims to live out its Mission and Vision as a family of God's people by being.. A Covenant Community.. where our relationships are rooted in the promises of God by living faithfully toward him and toward one another An Intergenerational Community.. where adults intentionally take the lead to engage with, encourage and nurture younger members to maturity in Christ. An Outward looking Community.. where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bounds of our community. As a congregation of the Presbyterian Church in Ire13nd, we believe that the Bible is the supreme authority over 311 we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechisms set out what we understand the Bible teaches on key matters of Christian faith and practice.
an CASTLEREAGH PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (continued) Pastoral care Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister, elders or by one of the congregation's pastoral V151tors. Mission and outreach The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church's training college for ministry students, and financially supports congregations in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care. Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and/or one of the elders. This provides an important link between the congregations and the wider structures of the church, General Assembly The minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June. Organisations The congregation supports a number of organisations who actively make use of both the Church and Hall facilities, including Boys, Brigade for children and young adults, Hilltop group for older members of the congregation, Presbyterian Women and more. Subject to the Approval of Kirk session outside organisations such as Ravara Productions have been able to use the facilities for rehearsal space. Again subject to approval of Kirk Session and availability, various outside groups and individuals have been able to avail of the facilities for various family celebrations.
an CASTLEREAGH PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland TRUSTEES ANNUAL REPORT (continued) FINANCIAL REVIEW The congregation's main source of income is members, contributions including the Weekly Freewill Offering with donations totaling £43k which 15 included in Donations and Legacies. There were 118 contributors during the year, a similar number to the previous year: donating a total of £58k to the funds. The total Income of the congregation during the year was £116k, which was lower than the previous year (£125k). Total expenditure increased from £125k to £138k. The trustees are content with the financial position of the church and of its funds at 31. December 2024. RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the congregations and the financial activities for that year. In preparing the financial statements the Trustees are required to: select 5Ultable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Funds will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable them to ensure that the financial statements comply with the Statement of Recommended Practice"Accounting and Reporting by Charities (FRS 102 1 January 2019)" They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
an INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF CASTLEREAGH PRESBYTERIAN CHURCH I report on the financial statements of Castlereagh Presbyterian ChLJrch {or"the charity") for the financial year ended 31 December 2024, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. Respectlve responsibilltles of trustees and examlner As the charity trustees you are responsible for the preparation of the accounts in accordance with the terms of the Charities Act (Northern Ireland) 2008 as amended by the Charities Act (Northern Ireland) 2022 where applicable. Having satisfied myself that the charity is not subject to audit under charity law, and is eligible for independent examination, it is my responsibility to.. examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008 ('the Charities Act'l as amended by the Charities Act (Northern Ireland) 2022 where applicable., follow the procedures laid down in the general D1ctionS given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. and state whether particular matters have come to my attention. Basis of independent examiner's report I have examined the charity accounts as required under section 65 of the Charitie5 Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters. An independent examination does not involve gathering all the evidence that would be required in an audit and conseqLJently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit go beyond the limited assurance that an independent examination can provide. Consequently, l express no opinion ès to whether the accounts psent a 'true and fair view, and my report is limited to those specific matters set out in the independent examiner's statement. My role is to state whether any material matters have come to my attention giving me reasonable cause to believe.. l. That accounting records were not kept in accordance with section 63 of the Charities Act (Northern Iland) 2008 as amended by the Charities Att (Northern Ireland} 2022 where applicable; 2. That the accounts do not accord with those accounting records,. 3. That the accounts do not cofflply with the accounting requirements or methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021,. and 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examlner's statement I have completed my examination and have no concerns in respect of the matters 11) to {41 listed above and in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Mr Jonathan McNeill For and on behalf of PGR Chartered Accountants Unit 2 Channel Wharf 21 Old Channel load Belfast, Co. Antrim BT3 9DE Date..
an CASTLEREAGH PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland Balance Sheet at 31st December 2024 Total Funds 2024 2023 General Restricted Endowment Fixed assets 10.. Tangible assets 78,896 78,896 83,432 11.. Fixed assets Investments 587,851 587,851 587.851 Total fixed assets 666,747 666,747 671,283 Current assets 12.. Debtors 8,558 8,148 16,706 15,554 13.. Current assets Investments 61,409 14,503 75.912 72,494 14.. Cash at bank and in hand 91,824 46,837 40,642 179,303 196,338 Total current assets 161,791 54,985 55,145 271.921 284,386 15.. Creditors.. amounts falling due in one year Net Current assets less current liabilities 76. Creditors.. amounts falling due after more than one year Net assets 12.7001 110,2431 112,943} 113,147) 159,091 44.742 55,145 258,978 271,239 159,091 711,489 55,145 925.726 942,622 17: Funds of the Church 159,091 711,489 55,145 925,725 942,522 Approved by the Kirk Session at a meeting on I, May 2025 and signed on its behalf by: Rev. M Minister vyn Burnside Andrew Mccann Clerk of Session
an CASTLEREAGH PRESBERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31$t December 2024 ACCOUNTING POLICIES INCOMING RESOURCES (i) 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 reliability. (li) Incoming resources with related expenditure Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA. (iii) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. (iv) Tax reclaims on donations and gifts Incoming resource5 from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (v) Contractual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. (vi) Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount attually realised. Gifts 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 incoming resources when receivable.
an CASTLEREAGH PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31st December 2024 ACCOUNTING POLICIES (xiv) Grants payable without performance 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 cha rity. ASSETS (xv) Tangible Fixed Assets Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and cost 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 fixed assets other than freehold land, at rates calculated to write of the cost, less estimated residual value, of each asset over its expected useful life as follows: Buildings.. Fixtures, fittings and equipment over 50 years over l O years (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. (xvii) Investment Property Investment property will not be subjett to depreciation but rather be correctly valued by the fair value movement each year.
an CASTLEREAGH PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31" December 2024 8. EMPLOYEES Employment Costs Wages and Salaries Minister.. Caretaker.. 36,995 35,234 Social Security Costs 5,006 5,276 Pension Contributions 8,879 8,456 other ministry and Support Staff 3,542 3,291 54,422 52,257 Number of Employees The average number of employees (including the minister 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.
an CASTLEREAGH PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31st December 2024 10. TANGIBLE FIXED ASSETS Cost or valuation At start of year Additions Revaluation 221,616 27,963 249,579 At end of year 221,616 27,963 249,579 Depreciation At start of year Provision for year Revaluation 140,102 26,045 4,306 230 166,147 4,536 At end of year 144,408 26,275 170,683 Net Book Value At start of year At end of year 81,514 1,918 83,432 78,895 77,208 1,687 The land and buildings include freehold properties owned by the Congregation and consist of the Church, Church Halls, Graveyard and the Manse. As a Grade B+ Historic Building (HB25/13/002) the Church is classified as a Historical Heritage Asset and has been valued at nil, in keeping with the Charities SORP. The Church property which is used to carry out the activities of the Church includes the Church H311 and the Manse which are being depreciated over their estimated economic life of 50 years.
an CASTLEREAGH PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS st 31 December 2024 13. CURRENT ASSET INVESTMENTS 2024 2023 General Investment Fund Other Investments 75,717 195 72,299 195 75,912 72,494 2024 2023 Value at start of year Additions 72,494 66,494 Transferred Impairment Gains / (Losses on revaluation) Value at end of year 3,418 6,000 75,912 72.494 14. CASH AT BANK AND IN HAND 2024 2023 Bank Current Accounts Bank Deposit Accounts 85,609 93,694 105,338 91,000 179,303 196,338 15. CREDITORS: amount falling due within one year 2024 2023 Creditors Accruals and Deferred Income 10,243 2,700 10,447 2,700 12,943 13,147
Presbyter an CASTLEREAGH PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31st December 2024 17. RELATED PARTY TRANSACTIONS One of the Trustees, the minister of the Congregation received remuneration of £36,995 and expenses of £7,036 for acting in that capacity. A pension contribution of £8,879 was paid by the Congregation in respett of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). None of the other trustees received any remuneration. During the year the Congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland, a separate charity.. £13,465 for Congregational Assessments £2,850 towards the United Appeal The congregation contributed £777 towards Presbytery Assessments during the year. There were no other related party transactions.