2023-12-31-accounts

Reglstered Charlty In Northern Ireland (NIC104375)

an SINCLAIR SEAMEN'S CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Flnanclal Statements for the year ended 31 December 2023 including a Statement of Assets and Liabilitie5 as at that date. REFERENCE AND ADMINISTRATIVE DEfAILS Sindair Seamen's con8re8ation of the Presbyterian Church in Ireland Corporation Square Belfast BTI 3AJ Registered Charity in Northern Ireland (NIC104375) CHARtTYTRUSTEES The Charity Trustees who served during the year or who were trustees at the date of thls report were Mr William Johnston Mr Samuel John Heading Mr Aaron Duff Mr William Greer Rev Dr William Parker PRINCIPAL OFFICE BEARERS Minister Clerk of Session Treasurer Rev Dr William Parker Mr. William Johnston Mr. David Carlisle INDEPENDENT EXAMINER Mr. Roy Eakin &4NKERS Ulster Bank York Road Belfast CHURCH SOUCITORS Hewltt & Gilpln, Hotywood Road Belfast

SlrKlalr Seamen's Presbyterfan Church - a c￿regatIOn of The Preslryterfan Church in Irelarnl ststement of FinarKlal Activity ( Receipts and Payments Account ) Year ernled 31 December 2023 Urffestrfcted Restricted ENlowmert Notes F￿￿1$ FurK15 Funds Total 2023 Total 2022 Recelpts Donations and legacies Charitableactivities Other trading activities Investment Income Other Organisations £177,571 £234 £5.400 £1.362 £0 £0 £19,617 £0 £0 £0 £50 £1,303 £0 £0 £0 £0 £0 £0 £197,188 £234 £5,400 £1.362 £50 £1,303 £70.750 £425 £5,250 £1.398 £106 £1,216 Sale of Investments Saleof fixed assets Loans Received £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 Total Receipts £184,567 £20,970 £0 £205,537 £79,145 Pwnents Raisingfvnds Charitable activities Investment costs Other (kganisations £607 £51.919 £0 £1,307 £0 £0 £13,879 £0 £0 £1,477 £0 £0 £0 £0 £0 £607 £65,798 £0 £1,307 £1.477 £607 £62.566 £0 £2,326 £1,225 Purchase of Investments Purchase of fixed assets Loan Repayments £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 Total Payments £53,833 £15.356 £0 £69.189 £66,724 Net recapts / (payrnents) Transfers between funds £130.734 -£1,759 £5,614 £1,759 £0 £0 £136,348 £0 £12,421 £0 Net movement in fijnds £128,975 £7,373 £0 £136.348 £12,421 Fundsbrought forward £371.650 £44,569 £0 £416.219 £403,798 Funds carried forward 12 £500,625 £51.942 £0 £552.567 £416,219 Page-l-

Sinclair Seamen's Preslrytsfian Clwrch - a C￿gregatIOn of The Preslryterfan Church in Ireland Statement of Rnanclal ACtI￿ty ( Recelpts and PaymentsAccount } Ye* ended 31 December 2023 Ilnrestrfcted Funds Restrlrted Funds Endovmient Funds Total 2023 Totsi 2022 Funds Reconclllatlon Bank and Cash at start ofy￿r Net movement in funds 371,650 £128,975 44,569 £7,373 £416.219 £136,348 £403,798 £12,421 £0 Bank and Cash at end of ythr £500,625 £51.942 £552,567 £416,219 k & Cash Ba1￿CeS Bank Current Account-General Bank Current Account- Propertv Nationwide Buildingsociety Bank Current Accounts-organisations £413.032 £51,298 £87,593 £644 £552,567 £0 £552,567 £285,138 £43,751 £86.512 £818 £416,219 £0 £416.219 Sub total Endowment Funds Tot Cnher Assets Fixed Assets- Note 10 Church Premises Fixturesand Fittings Vehicles Investments-GIF- Note 11 Gift Aid recavableon donations Other assets £9,595 £8,757 £8,799 £10,133 Uabllltles Loans Other liabilities Approved by the Kirksession at a meetlng on Tuesday 23-01-2024 and signed on its behalf by Name: Mr. William Greer Name: Mr. Naron Duff Date 23-01-2024 Date: 234)1-2024 Page-2-

Slnclalr Se•nen's PrefsbVterl￿ Church-a Congregatlon of The presbyter1￿ Church In Ireland ststement ofFlnanclal Artlvlty ( Recelpts PaymentsAccount ) Year ended 31 December 2023 AccwitI￿ Policles Basls of FIna￿la1 Statements Asthetotal incomeofthecongregation is lessthan £250.000 thecongregation have elected in accordancewith theprovisions in Thecharities (Accountsand Reports Regulations) (Northern Irdand) 2015 to prepare its accountson a recaptsand payments basis. F￿1 Acclxmti Endowment fundsarefunds, thecapital of which must be retained either permanently orat thecongre8ation's discretion: theincomederived from theendowment isto be used either as restricted or unrestricted incomefunds depending upon the purpose fi)rwhich theendowment wasestablished in thefirst place. Restricted funds comprisela) incornefrom endowmentswhlch is to be expended only on the restricted purposes intended by thedonor and {b) revenuedonationsor grants for a specific congregational activity intended bythe donor. Wherethesefunds haveunspent balances, intLYest on their pooled investment isapportioned to the individual fvnds on an averagebalance basis. Unrestricted fundsareincomefunds which areto be¥)ent on thecongregation'sgenffal purpoAs. D&signated funds are genwal fvnds set aside by the congregation for use In thefuture. 2. DONATIONS AND LEGAaES Unrestricted Restricted Funds Funds Endowment Funds Total 2023 Total 2022 Re£orded givings Loose collections Donations and gifts Gift Aid Le8acies and bequests £39,976 £3,843 £0 £6,510 £127,242 £12,417 £703 £3,814 £2,248 £435 £0 £52.393 £0 £4,546 £0 £3,814 £0 £8,758 £0 £127,677 55,301 4,755 561 10,133 £177.571 £19,617 £0 £197,188 f /Q.7.50 Page-3-

SI￿laIr Seamen's Preslprterian Clxrch . a th￿regati(￿ of Preslryterian Chwch In Irelarnl Statement of Fln*Klal Actl¥lty ( Recelpts PdtrrynentsAcc(wnt ) Ye¥ ended 31 December 2023 3. Owrftsble Actfvities Llnrestrfrted Fwnds Restrirted Fund5 Endowment Funds Tota 2023 Total 2022 Income: PresbytLYian Herald Feesfrom wedding5 and fvnerals Fundraising events Membership fees Grants 234 234 225 200 £234 £234 £425 4. Ot￿r Trad1￿ Actlvltles Unrestricted Funds Re#rfcted End0￿￿ent Funds nds Tot 2023 Total 2022 Lettingof premises Vodaphone 150 5250 150 5,250 5,250 £5,400 £5.400 £5,250 5. Investmert Income Unrestrlcted Funds Re#rfcted EndoMnent Funds Funds Tot 2023 2022 Nationwide Deposit interest Galffal Investment Fund Rents investment properti Other investment income 1,082 280 1,082 1,107 280 291 £1,362 £1.362 £1,398 Page4-

so￿laIr Seamen's Preslyrterian Clwrch . a Cthyre8a￿ of Tr Preslrytsrian Chwch In Irelarnl statementOfRn￿clal Actlvlty{ Recelpts PffjientsAccount ) Ye ended 31 December 2023 6. Otlw I￿orne Unrestrlcted Funds Restrlcted Funds Endowment Funds Total 2023 Total 2022 Insuranceclaims DCMS-Scherne Ivat Return Court Payment 106 50 50 50 50 £106 7. Raisi￿ Unrestrirted Funds Restrlcted Funds Endowment Funds Tota 2023 Totsl 2022 FWO envelopes Fundraising 607 607 607 £607 £607 & Charftsble Actlvltles Unrestrlcted Funds Restrlcted Funds Endowment Funds Totsi 2023 Tot 2022 G￿eral A%embly Assessments Presbytery fees Ministry and sUPPOrt staff costs Congre8ational running expenses Donationsto Missionsand Charities Bank Charges Sunday School Expenses Governance Costs £9,463 £330 £31.170 £10,340 £0 £173 £153 £290 £0 £0 £0 £2,160 £11.719 £0 £0 £0 £13,879 £0 £9,463 £0 £330 £0 £31.170 £0 £12,500 £0 £11,719 £0 £173 £0 £153 £0 £290 £0 £65.798 9,066 388 29,226 13,873 9,539 102 132 240 £51,919 £62,566 Pa8e-5-

Slndalr Seamen's PreSbYterf￿ thurch . a of The amwch In IrelaNI ement ￿FIn￿cIal Actlth1Recelpts￿d PaWnentsACc￿nt I Yearended 31 December 2023 9. Othw Exwmlltwe lknrestrfrtec Restrfcted EndoTrDt Fwids Fund$ Funds 2023 2022 Insurance Repairs Presemtstions Gifts £0 £0 £1307 £IJ07 £0 £0 £0 £0 £0 £0 £0 £0 £0 £1,307 £1,307 450 1.876 E2,326 £0 10. Flxed Assets The ¢on8rqation owns thechurch premises situated at Corporation Squar•. Belfast BTI 3A1 and the associated fixture8 fittln8s, plant and mxhinery. Thecongrqation a150 own thechurch manse Situat￿ at 11 Valow Dal4 Nthvtownabbry BT37 OUT. These hean insurnncevalueof . Church Hall Bulldln8 & Contents Church 8ulldln8& Contents Church Manse £722.743 £2.836.272 £545.693 TO￿ ￿l￿e £4.104.708 IL lTr•estments Thewnirqatlon has thefollowinq InvestMth￿ Amounts areshown at market valuation 2023 2022 Gffi•rnl Invertment Fund at market valuatlon 9.595 8,799 Othw Invtstmffjts £9.595 £8.799

Yelrended 31 Derernber 2023 IZ FWMI Bala￿e5 Bal•Ke Recelpts P•Th¢rt SU￿￿U$l (Deft￿) at •NI UnreArfcted Funds Ulster BankGeneral Fund Nationwide BulldingSociLy £285.138 £86,512 £0 £183,486 £1,081 £53,833 £0 £129,653 £1,081 1,759 £0 £413,032 £87,593 £0 £500.625 £371.650 £184.567 £53.833 £130.734 41,759 R•strlct•d Funds maInt￿a￿e0f Property Mlsslon £43,751 £0 £0 £0 £0 £0 £0 £0 £0 £0 £818 £44.569 £9,707 £4,119 £2,913 £259 £1,324 £495 £0 £400 £450 £0 £1.303 £20.970 £2.160 £5,478 £2,913 £259 £1,324 £495 £0 £400 £450 £400 £1.477 £15.356 £7.547 -£1,359 £0 £0 EO £0 £0 £0 £0 £0 £0 £5.614 £0 £1,359 £0 £0 £0 £0 £0 £0 £0 £400 £0 £1,759 £51,298 £0 £0 £0 £0 £0 £0 £0 £0 £0 £644 £51.942 Doors Mimlon Earl Haig Fund Tear Fund Modffator5Appeal E/quake r Dally 8read Mln15trle5 Belfast Clty Misslon Royal Natlonal Llfeboat mmer Serve Rwanda (Ypnlsatlons (Nameof Fund) NIL NIL NIL NIL NIL NIL Tatsl Funds £416219 37 £￿6 V•kmlkn•tstsrt G•Mr4 In¥•rnnt Fund Gewal hweslmert Fty￿. 720 Shares Flxed Asset Market StrAre Val¢ @ 31st Dec 2023: £13326a Pap.7.