IFinancMfStdtements fv tfie)taf en&e&31st (Dell6¢r 2024 Rogistered Charlty In Northern Ireland INIC1043751
Presbyter SINCLAIR SEAMEWS CONGREGATION OF THE PRESBYfERIAN a4URCH IN IRELAND TRUSTEES, ANNUAL REpoKr The Trustees present theirAnnuol Report ond Flnoncial Stotementsfvr the yeor ended 31< December 2024 induding a Stotement of A55ets and Liotslities as ot that date. REFERENCE AIID ADMIMISTrATIVE DEfAILS Sincloir Seamen's conqgatIon of the Presbyterian Church in Ireland Corporntion Squore Belfast 8T1 3A1 Reaistered Chority In Northem Ireland (NIC104375) CHARITY TRUSTEES The Charlty Trustees who served during the yeor or who were trustees ot the dote of this remrt were Mr Wllllam Johnston Mr Somueljohn Heodinq MrAamn Duff Mr Wllliom Greer Rev Dr Wllllam Parker PRINapAL OFFICE BEARERS Minister Clerk of Se55ion Treasurer Rev Dr William Porker Mr Willlam Johnston Mr David Carlisle INDEPENDEKf EXAMINER Mr Roy Eakin BANKERS Ulster Bank, York Road, Belfast CHURCH soucrroRS Hewitt & Gilpln. Holywood Road, Belfast
Slnclair Seamen's Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Flnancial Activity { Receipts and Payments Account ) Year ended 31 December 2024 Unrestricted RestrlctedEndowment Funds Funds Funds Total 2024 Total 2023 Notes Recelpts Donations and legacies Charitable activities Other trading activities Investment Income Other Organisations £49,851 £25,583 £1,208 £0 £5,250 £0 £1,454 £0 £0 £152,400 £0 £1,258 £0 £0 £0 £0 £0 £0 £75,434 £1,208 £5,250 £1,454 £152,400 £1,258 £197,188 £234 £5,4LK) £1,362 £50 £1,303 Sale of Investrnents Sale of fixed assets Loans Received £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 Totsl Receipts £57,763 £179,241 £0 £237,004 £205,537 dyments Raisin8 funds Charitable activities Investment costs Other Organisations £603 £0 £57,080 £201,532 £0 £0 £1,356 £2,293 £0 £1,363 £0 £0 £0 £0 £0 £603 £258,612 £0 £3,649 £1,363 £607 £65,798 £0 £1,307 £1,477 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 £59,039 £205,188 £0 £264.227 £69,189 Net receipts / {paymentsl Transfers between funds -£1,276 -£25,947 -£201,202 £201,202 £0 £0 -£27,223 £0 £136,348 £0 Net movement in funds -£202,478 £175.255 £0 -£27,223 £136,348 Funds brought forward £500,625 £51,942 £0 £552,567 £416,219 Funds carried forward 12 £298.147 £227,197 £0 £525,344 £552,567
Sknclak Seamen's Presbyterlan (hurch - a Congregatlon of The Presbyterfan thurth In Ireland Statement of Flnanclal ACtlty ( Recelpts and PaYnts knount ) Year ended 31 December 2024 Unrestrlcted Funds Restrlcted Funds Endowment Funds Total 2024 Total 2023 Funds Reconclllatlon Bankand Cash at start of year Net m(Nement In funds 5QK),625 202,478 51,942 £175,255 £552,567 -£27223 £416,219 £136,348 £0 Bankand Cash at end of year £298,147 £227,197 £525,344 £552,567 Bank & Cash Balance5 Bank Current Account - General Bank Current Account - Property Nationwide Building ScKiety Bank Current Accounts - Organisations £209,456 £226,658 £88,691 £539 £525,344 £0 £525,344 £413,032 £51,298 £87,593 £644 £552,567 £0 552.567 9Jb total Endowment Funds Total Other Assets Fixed Assets - Note 10 Church Premises Flxtures and Flttings Vehlcles Invertments-GIF- Note 11 Gift Aid receivable on donatlons Other assets £10.049 £10,219 £9595 £8.758 Uablltles Loans Other liabilities Approved by the Kirk Session at a meetlng on We<tneskny 12th Sefvuary 2025 a nd s18ned on its behalf by r.Aarort Duff r.Iv((iam JoAnston 12tA ye6ruary 2025 12tA ye6ry 2025 Page-2-
Slnclalr Se•men's Prersbyterlan Church- a Con8re8atlon ofThe Presbyterlan Church In Ireland Statement of FInCIal Actlvlty I Recelpts Payments Account ) Yearended 31 December 2024 ACCntIng Pollcles Basls of Flnanclal Statements Asthetotal lncomeofthecongre8atlon is lessthan £250,000 thecongregatlon have elected in accordancewith the provisionsln Thecharities Ikcountsand Reports Regulations) (Northern Ireland) 2015 to prepareltsac¢ountson a recelptsand paymentsbasis. Fund ACCntI Endowment fundsarefunds, thecapltal of whlch must be retalned either permanentlv or at the con8re8ation'sdlscretion' thelncomederived from theendowment isto be used either as restricteAI or unre5trlct*l Income funds dependlng upon the purpose for whlch theendowmentwas established in thefirst place. Restrlcted fundscomprlselal Incomefrom endowmentswhich Isto beexpended only on the restricted purposes Intended by thedonor and Ibl revenuedonJtlonsor 8rantsfora speclflc con8re8atlonal activlty Intended bythedonor. Wherethesefunds have unspent balances, interest on thelr pooled investment is apportIon to the individual funds on an average balance basis. Unrestricted funds are income funds which are to be spent on the congregation's genera I purposes. Designated funds are general funds set aside by the congre8atlon for use in the future. 2. DONATIONS AND LEGACIES Unrestricted Restricted Endowment Total Funds Funds Funds 2024 Total 2023 Recorded givings Loose collettions Donations and gifts Gift Aid Legacies and bequest £39,018 £16,049 £2,936 £703 £0 £5,509 £6,897 £3,322 £1,000 £0 £0 £55,067 £0 £3,639 £0 £5,509 £0 £10,219 £0 £1,000 52.393 4,546 3,814 8,758 127677 £49,851 £25,583 £0 £75,434 £197,188 Page -3-
Slnclair Seamen's Presbyterian Church - a Congregation of The Presbyterlan Church in Ireland Statement of Flnanclal Actlvlty { Recelpts Payments Account ) Year ended 31 December 2024 3. Charitable Artivities Unrestrlcted Funds Restrlcted Funds Endowment Funds Total 2024 Total 2023 Income: Presbyterian Herald Feesfrom weddings and funerals Fundraising events Membership fees Grants £220 £988 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £220 £234 £988 £200 £0 £0 £0 £0 £0 £0 £1,208 £0 £0 £1,208 4. Other Trddlry Actlvltles Unrestrlcted Fund$ Restrlcted Funds Endowment Funds Total 2024 Totsl 2023 Letting of premi Vodaphone £0 £5,250 £0 £0 £0 £0 £0 £150 £5,250 £5,250 £5,250 £0 £0 £5,250 £5,400 5. Investment Income Unrestrlcted Funds Restrlcted Funds Endovmient Funds Total 2024 Total 2023 Nationwide Deposit interest General Investment Fund Rents investment propertles Other investment income £1,098 £356 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £1,098 £1,082 £356 £280 £0 £0 £0 £0 £1,454 £0 £0 £1,454 £1,362 Page4-
SirKlalr Seamen's Preslryterian Church- a cregatIOn of Presbyterian Church In IrelaNI ststement of Flnanclal ACtIty ( Recelpts and Pent$ACcoUnt ) Year ended 31 December 2024 6. Other Income Unrestrlcted Funds Restrlcted Funds Endowment Funds Total 2024 Tot 2023 GRANT: Congregational CharityTrust GRANT: Benefact Trust GRANT: Esme Michael Trust GRANT: Garfield Weston Trust GRANT: National Church Trust Insuranceclaims Court Payment £0 £0 £0 £0 £0 £0 £0 £0 £20,000 £12,400 £10,000 £50,000 £60,000 £0 £0 £152,400 £0 £20,000 £0 £12,400 £0 £10,000 £0 £50.000 £0 £60,000 £0 £0 £0 £152,400 £0 £50 7. Ralsln8 Funds Unrestrlcted Funds Restrlcted Funds Endowment Funds Total 2024 Total 2023 FWO envelopes Fundraising £603 £0 £0 £0 £0 £0 £603 £0 £607 £0 £603 £0 £0 £603 £607 8. Charftable Actlvltles Unrestrlcted Funds Restrlcted Funds Endowment Funds Total 2024 Tot4 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Stonework Project/Repairs Donations to Missionsand Charities Bank Charges Sunday School Expenses Governance Costs £10,520 £426 £35,056 £10,606 £0 £0 £164 £18 £290 £57.080 £0 £0 £0 £1,013 £190,565 £9,954 £0 £0 £0 £201,532 £0 £10,520 £0 £426 £0 £35,056 £0 £11,619 £0 £190,565 £0 £9,954 £0 £164 £0 £18 £0 £290 £0 £258,612 9,463 330 31,170 12,500 11,719 173 153 290 £65,798 Page-S-
Slnclalr Seamen's Presbyterlan Church - a Congregatlon of The Presbyterlan Church In Ireland Statement of Hnandal P£tlvlty ( Recelpts and Pdyments P£count ) Year ended 31 December 2024 9. Other Expendlture Unrestrlcte Restrkted Endowment Funds Funds Funds Total 2024 Total 2023 Insurance Repairs Presentations Gifts £0 £0 £1,356 £1,356 £2,293 £0 £0 £2.293 £0 £0 £0 £0 £2,293 £0 £1,356 £3,649 1,307 10. Flxed Assets The congregation owns the Church premises situated at Corporation Square, Belfast BTI 3AJ and the associated fixtures, fittings, plant and machinery. The congregation also own the Church rnanse situated at 11 Meadow Dale, Newtownabbey BT37 OUT. These have an insurance value of . Church Hall Building & Contents Church Building & Contents Church Manse £758,880 £2,978,085 £572,977 Total value £4,309,942 11. Investments The congregation has the following investments. Arnounts are shown at market vJluation 2024 2023 General Investment Fund at rnarket valuation Property Other investments £10,049 £0 £0 £9,595 £0 £0 £10,049 £9,595 Pa8e
Slndalr Seamen's Pre$terfan Churth- a Coryregatl¢m of The Presbyterlan CTrwrch In Ireland ststement of Financial Artivty ( Receipts and Payments kcount ) Year ended 31 December 2024 12. Fund Balances Balance at start Recelpts Payment Surplus / (Deficit) Trnnsfers Balance at end Unrestrkted Funds Ulster Bank General Fund Nationwide Building Society £413,032 £87,593 £56,665 £1,098 £59,039 £0 -£2,374 £1,098 4201,202 £0 £209,456 £88,691 £500,625 £57.763 £59,039 41,276 -£201,202 £298,147 Restrkted Fund5 Stone Restoration Scheme Property/Buildind Fund Mission- U. A. Open Doors Mission Earl Hai8 Fund Tear Fund Moderators Appeal E/quake Our Daily Bread Ministries Belfast City Mission Royal National Lifeboat Harvest of the Sea Service Or8anisations £0 £152,400 £51,298 £16,631 £0 £4,242 £0 £2,650 £0 £214 £0 £896 £0 £0 £0 £0 £0 £450 £0 £500 £0 £0 £1,258 £51,942 £179,241 £190,565 £3,106 £5,244 £2,650 £214 £896 £0 £0 £450 £500 £200 £1,363 £205,188 38,165 £13,525 -£1,002 £0 £0 £0 £0 £0 £0 £0 200 4105 25,947 £200,000 £0 £1,002 £0 £0 £0 £0 £0 £0 £0 £200 £0 £201,202 £161,835 £64,823 £0 £0 £0 £0 £0 £0 £0 £0 £0 £539 £227,197 Endowment Fund (Name of Fund) NIL NIL NIL NIL NIL NIL Total Funds £552,567 £237,004 £264,227 427,223 £0 £525,344 Valuatlon t Start £9,595 Revaluatlon Increase. £454 Revaluation at End £10.049 General Investment Fund General Investment Fund: 720 Shares Fixed Asset Market Share Value 31st Dec 2024: £13,957ea. Page -7-