GRANSHAW PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
an
GOING CONCERN
The total income of the church is in line with the prior year. Net current assets have
increased by 14% and liabilities have decreased by 36% showing an improved balan￿ sheet
with cash on hand at £197,408.
The activities of the congregation are dependent on ongoing contributions from its
members. The Trustees are of the opinion that the congregation has sufficient resources at
the date of approval of these financial statements to meet commitments which will arise in
the year from the date of signing this report and subject to the continuing support from
members to fund on an ongoing basis the congregation's current activities and other
financial commitments. As a result the financial statements have been prepared on a going
concern basis.
RESERVES POLICY
The Trustees have considered the level of unrestricted reserves that it is appropriate to hold
taking account of current and ongoing commitments. At the year end unrestritted reserves
were £1,314,678 (2022: £1,322,112), the Trustees, consider it prudent to hold reserves at
RISK REVIEW
The Trustees regularly review the risks and the systems and procedures implemented to
manage the identified risks. The principal risks are in relation to the likelihood of
reputational damage and financial risks associated with the expectation of ongoing financial
support from members. These risks are mitigated by the Trustees, and the Congregational
Committee, regularly monitoring the various activities of the congregation at stated
meetings and by encouraging members In their regular giving.
Approved by the Kirk Session at a meeting on 22 April 2024 and signed on its behalf by:
[Name]
[Namel l.
[Datel 18
[Date]
2(-AFAiL
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