IFinancMfStdtements
fv tfie)taf en&e&31st (De￿ll6¢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 conq￿gatIon 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 ACt￿lty ( Recelpts and PaYn￿ts 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 ye6￿￿ry 2025
Page-2-

Slnclalr Se•men's Prersbyterlan Church- a Con8re8atlon ofThe Presbyterlan Church In Ireland
Statement of FIn￿CIal Actlvlty I Recelpts Payments Account )
Yearended 31 December 2024
ACC￿ntIng 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 ACC￿ntI
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 c￿￿regatIOn of Presbyterian Church In IrelaNI
ststement of Flnanclal ACtI￿ty ( Recelpts and P￿ent$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-