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 P*ffjientsAccount )
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 Endo*TrDt
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 h*ean 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 BulldingSociL*y
£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: £13326*a
Pap.7.