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2024-12-31-accounts

SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND

Statement of Financial Activity (Receipts and Payments Account) for the year ended 31 December 2024

Registered Charity in Northern ireland (NIC104453)

Seaview Presbyterian Church - Congregation of the Presbyterian Church in Ireland Statement of Financial Activity (Receipts and Payments Account) For the year ended 31 December 2024 Registered Charity in Northern Ireland (NIC104453)

NOTES.

Signed: Mr Gordon Spratt

Dated: 11th March 2025

SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND

STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Accounts) For the year ended 31 December 2024

Receipts
Note
Donations and Legacies
2
Charitable Activities
3
Other Trading Activities
4
Investment Income
5
Other
6
Organisations
Total Receipts
Transfers In
Sale of Investments
Sale of Fixed Assets
Loans Received
Total Receipts + Transfers In
Payments
Raising Funds
7
Charitable Activities
8
Other
9
Organisations
Total Payments
Transfers Out
Purchase of Investments
11
Purchase of fixed assests
Loan Repayments
Total Payments and Transfers Out
Net Receipts / Payments
Net Transfers Between Funds
Net Movement in Funds
Funds Brought Forward
12
Funds Carried Forward		 Unrestricted
Funds (£)
Restricted
Funds (£)
Endowment
Funds (£)
Total 2024
(£)
Total 2023
(£)
85,891
12,781
0
98,672
77,014
3,057
0
0
3,057
200
316
0
0
316
895
603
0
0
603
210
45
123
0
168
0
0
4,903
0
4,903
3,677
89,911
17,808
0
107,719
81,996
13,450
4,079
0
17,529
20,100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
103,361
21,887
0
125,248
102,096
385
0
0
385
368
81,840
15,246
0
97,086
88,946
0
0
0
0
0
0
3,896
0
3,896
2,622
82,225
19,142
0
101,367
91,936
13,450
4,079
0
17,529
20,100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
95,675
23,221
0
118,896
112,036
7,686
-1,334
0
6,352
-9,940
0
0
0
0
0
7,686
-1,334
0
6,352
-9,940
19,251
24,145
0
43,396
53,336
26,937
22,811
0
49,748
43,396

SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND

STATEMENT OF ASSETS AND LIABILITIES As of 31 December 2024

Funds Reconciliation
Bank and Cash at Start of Year
Net Movement in Funds
Bank and Cash at End of Year
Bank and Cash Balances
General Fund Bank Deposit Accounts
General Fund Bank Current Accounts
Organisations Bank Deposit Accounts
Organisations Bank Current Accounts
Organisations Cash in Hand
Totals
Investments
Total Bank and Investments
Endowment
Progressive B/S Restricted Account
Other Assets
Fixed Assets
See Notes to the Accounts
Gift Aid Receiveable on Donations
Small Donations Gift Aid
Gift Aid on Members Contributions
Totals
Liabilities
Loans
Uncleared Cheques end of 2024		 Unrestricted
Funds (£)
Restricted
Funds (£)
Endowment
Funds (£)
Total 2024
(£)
Total 2023
(£)
19,251
24,145
0
43,396
53,336
7,686
-1,334
0
6,352
-9,940
26,937
22,811
0
49,748
43,396
Total 2024
(£)
Total 2023
(£)
0
0
48,745
40,721
0
0
1,004
2,008
0
667
49,748
43,396
Unrestricted
Funds (£)
Restricted
Funds (£)
Endowment
Funds (£)
Total 2024
(£)
Total 2023
(£)
0
0
0
0
0
0
0
0
49,748
43,396
0
0
13,700
13,700
13,700
Unrestricted
Funds (£)
Restricted
Funds (£)
Endowment
Funds (£)
Total 2024
(£)
Total 2023
(£)
84
182
0
266
594
6,250
1,584
0
7,834
7,592
6,334
1,766
0
8,100
8,186
0
7,020

SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND

STATEMENT OF FINANCIAL ACTIVITY (Cont'd)

Approved by the Kirk Session at a meeting on 11th March 2025 and signed on its behalf by:

Name: Rev Edward Hyndman Mr David McCormick Edward Hyndman David McCormick Date: 11th March 2025 11th March 2025

SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS As of 31 December 2024

1. BASIS OF FINANCIAL STATEMENTS

As the total income of the Congregation is less than £250,000 the Congregation has elected in accordance with the provisions in the Charities (Accounts and Reports Regulations (Northern Ireland) 2015) to prepare its accounts on a receipts and payments basis.

FUND ACCOUNTING

Endowment funds are funds, the capital of which must be retained either permanently or at the congregations discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.

Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific Congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.

Unrestricted funds are income funds which are to be spent on the Congregation's general purposes. Designated funds are general funds set aside by the Congregation for use in the future.

2. Donations and Legacies
Recorded Giving
Loose Collections
Donations and Gifts
Gift Aid
Legacies and Bequests
Sub-total
Organisations
Organisations Gift Aid
Total
3. Charitable Activities
Donations from Weddings and Funerals
Fundraising Events
Membership Fees
Grants
Other Charitable Activities
Sub-total
Organisations
Total
4. Other Trading Activities
Help for Energy cost from UK Gov
Letting of Premises
Polling Station Fee
Total		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
Total 2023
57,708
9,980
0
67,688
54,975
446
0
0
446
283
403
1,050
0
1,453
12,590
6,334
1,751
0
8,085
8,166
21,000
0
0
21,000
1,000
85,891
12,781
0
98,672
77,014
0
189
0
189
164
0
15
0
15
19
85,891
12,984
0
98,875
77,197
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
Total 2023
0
0
0
0
200
3,057
0
0
3,057
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,057
0
0
3,057
200
0
4,700
0
4,700
3,494
3,057
4,700
0
7,757
3,694
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
Total 2023
0
0
0
0
600
0
0
0
0
0
316
0
0
316
295
316
0
0
316
895
5. Investment Income
Deposit Interest
Total
6. Other Income
Insurance Claims
Other Income (uncleared cheques)
Total
7. Raising Funds
Cost of Contribution Envelopes
Organisations Fundraising Events
Total
8. Charitable Activities
General Assembly Assessments
Ministry and Support staff costs
Running Expenses
Presbytery Fees
Donations to Missions
Governance costs
Sub-total
Organisations
Total
9. Other Expenditure
Other Expenditure		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
Total 2023
603
0
0
603
210
603
0
0
603
210
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
Total 2023
0
0
0
0
0
45
123
0
168
0
45
123
0
168
0
Unrestricted
Restricted
Endowment
Total 2024
Total 2023
385
0
0
385
368
0
0
0
0
0
385
0
0
385
368
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
Total 2023
14,181
0
0
14,181
13,274
52,724
0
0
52,724
50,571
13,721
9,494
0
23,215
17,267
836
0
0
836
654
0
5,752
0
5,752
6,831
378
0
0
378
348
81,840
15,246
0
97,086
88,946
0
3,896
0
3,896
2,622
81,840
19,142
0
100,982
91,568
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
Total 2023
0
0
0
0
0
0
0
0
0
0

10. Fixed Assets

The Congregation owns the Church premises situated at 90 Shore Road, Belfast BT15 3QA. Along with associated fixtures and fittings these have an insurance value of £ 4,125,209

The Congregation also owns a Manse for the Minister and his family, situated at 4 Dorchester Avenue, Glengormley, along wth associated fixtures and fittings this has an insurance value of £652,049, based on Insurance renewal October 2024.

11. Investments
Purchase of Investments
Purchase of fixed assests
Loan Repayments
Total		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2024
Total 2023
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

12. Fund Balances

Unrestricted Funds
General Account
Bequest Account
Totals
Restricted Funds
General Account
Benevolent fund
Candidates Fund
Engage Fund
Events Fund
Manse Account
New Leaf Account
Organ Repair Fund
Pastoral Care Fund
Property Account
Sunday School Account
Christian Explorers
Church Choir
Mens Fellowship
Girls Brigade
Totals
Total Funds
Endowment Funds
Progressive Building Soc Restricted Beq Acc
Total		 Balance at
Start
Receipts
Payments
Surplus /
Deficit
Transfer
Balance at
End
-486
68,911
82,225
-13,314
13,450
-350
19,737
21,000
0
21,000
-13,450
27,287
19,251
89,911
82,225
7,686
0
26,937
Balance at
Start
Receipts
Payments
Surplus /
Deficit
Transfer
Balance at
End
504
5,752
5,752
0
0
504
254
300
300
0
0
254
3,232
0
0
0
0
3,232
186
0
0
0
0
186
1,619
750
1,295
-545
0
1,074
1,592
0
5,671
-5,671
4,079
0
405
0
0
0
0
405
1,300
0
0
0
0
1,300
815
0
0
0
0
815
11,563
6,103
2,228
3,876
-4,079
11,360
591
103
103
0
0
591
4
100
65
35
0
39
10
0
0
0
0
10
549
0
0
0
0
549
1,521
4,700
3,728
972
0
2,493
24,145
17,808
19,142
-1,334
0
22,811
43,396
107,719
101,367
6,352
0
49,478
13,700
0
0
0
0
13,700
13,700
0
0
0
0
13,700

Notes :

Presbytery Finance panel advised that we show our Endowment fund separately since under the terms of the Bequest we can only use the Interest accrued by the Capital invested and not the Capital itself. The interest is calculated by the Progressive Building Society on 31st December each year and transferred to our Danske Bank account on same day, but doesn't appear in our account until January the following year. The interest shown above will therefore appear in 2024 accounts.