Charity Commission for Northem Ireland Registration Number: NIC104554 BLOOMFIELD PRESBYTERIAN CHURCH A CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND Trustees. Annual Report and Audited Financial Statements for the year ended 31st December 2024 Dlathottd & I li;Iiiiiiiitl ChaTteTedA¢(Duntatttsa Rel)knEdAudtt r %kill('i] Sln£lair H4uSE.891101 ROYalAve Belfa&t wri IFE
}? Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Contents Page Is) Charity Information Trustees, Report Independent Auditorfs Report Statement of Finanaal Activities Statement of Flnancial P051tion18alance Sheet) io Statement of Cash Flows li Notes to the Financial Statements 12-19 DlarnoThd &SkllltTL l )i'iiiii)n(I CharteredAcmUntantsandReostu AtrdltDr "" %k' illL'lI s5lld&lrHO•.8gllol RoyaiAwnue IPE Page l of 19
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HSS LOVE Inforniation REFERENCE AND ADMINISTRATIVE INFORMATION Charity Name Bloomfield Congregation of the Presbyterian Church in Ireland Charlty CornmissTon for Nl Re8lStration Number NIC104554 Operatlonal Addre55 447 Beersbridge Road Belfast BTS SDW Charity Trustee5 {Klrk Ses5ion} Mr Kenny Chambers Mr James Cousley Mr Brian Crooks Mr Alan Galbraith Mr Geoff Gordon MrJamesGordon Mr Paul Gregg Mr Ken Groves Mrs Sharon Groves Mr Mark Harbinson Mr Peter Huey Miss Karen Jardine Mr Mark Keown Mr Geoffrey Kernahan Mr Trevor Lee Mrs Elizabeth M.E. Lewis Mr Colin Maguire Mr Willam Mccord Man50n Mrjames Mcclure Mr Malcolrn Mcclure Mr Stephen McDonald Dr Neil McDougall Mr John McKibbin Mr Brian James McNarry Mr Thomas Carlisle Reid Mr Kirk David Shilliday MrAndrew5hott Mr lan Simons MrGraham Slmpson Mrs Jill Simpson Mr Adam Cameron Smyth Mr Michael Stoneman Mr David Thompson Elders o intedin the Rev Graeme Kennedy 119 Nov 241 Iders who retired in the Rev Frank Sellar13 Nov 241 17T Elders nedin the Mr David Bell12 Dec 241 resi MANAGEMENT INFORMAnoN Principal Office Bearers Rev Graeme Kennedy Mr Andrew Shott Mrs Rebecca Foster Mr Kirk Shilliday Mr Kenny Chambers MINISTER (VACANCY CONVENOR) CLERK OF SESSION TREASURER CHAIR OF COMMIThEE HONOFiARY SECRETARY OTHER INFORMATION Independerrt Audltor Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House 891101 Royal Avenue Belfast BTI IFE Bankers Ulster Bank Limrted Connswater Branch Arches Rètail Park Belfast BT5 4AF Dl&mottd&Skllie ChartprEd Actouiitanfs aThlR¢¥5Tr¥EdAudiknr Page2 of19 %killL'I] SlndaitHiu¥ B9IILII Beltsst BTI IFE
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Tru5tee< Report for thè year ended 31st December 2024 The Trustees present their report and the financial statements for the year ended 31st December 2031. REFERENCE AND ADMINISTRATIVE DETAILS The Organisation is a Charity. registered with the Charrty Commission for Northem Ireland, number NIC104554. The Board of Trustees ot the charity 15 called the -Kirk Session" Members of the Kirk Session are known as "Elders" The name5 of the present Elders, and any past Elders who served during the year. are givert on page 2, tOEether with the names of the charitys external advisors. stRucfuRE AND MANAGEMENT The Klrk 5e5sion The charity trustees of the congregation are the members of its Kirk Session. Under the congregation's governin8 docLsment. The Code. the book of the ¢on5titution and government of the Presbyterian Church in Ireland. the Kirk SessFon seek5 to watch over and promote the spiritual interest of the congregation and of persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Session has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belon8in8 to the congregation. Members of the Kirk Se55ion are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the congregations. All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator. the ministers in active duty in the congregation. has no deliberative but only a casting vote. Stated meetings of the Kirk session are held generally eight times a year. To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the office can be either by the congregation or by the Kirk Session. Members are elerted if they obtain two-thirds of those who vote. Presbytery Under the Pre5byLerian Church in Ireland form of governance the corporate oversight of a congregation 15 the responsibility of a Presbytery which superintends generalty the spiritual and temporal affairs of the congregation5 assigned to it by the General Assembly of the Presbyterian Church in Ireland. Bloomfield Presbyterian Church has been assigned to the East Belfast Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery con&sts mainly of the active ministers of congregations assigned to it by the General Assembly. ministers who have retired from active duty and an elder appointed by the Kirk Session of each congregation. The General Assernbty The General Assembly És the supreme court of the Church. representing in one body the whole Church and acting as its supreme legislative. administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted durin8 the flrrt week in June for worship and to conduct its busines5. At the end of busrness It 15 dissolvèd. The membership of the General Assembly consists mainly of the active ministers of each congregation. retired minister5 and a representative elder appointed by rhe Kirk Session of each congregation. DESCRIPTION AND PURPOSE Bloomfield Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland. as Reformed Church within the wider body of Christ is grounded in the Scriptures. and ests to love and honour God through faith in Hi5 Son and by the power of His Spirit, and to enable her members to play their part in fulfilling God's mission to our world. The congregation's mission purpose is to 'Know Jesus and share his love,. We seek to know Jesus Christ by bein& a vibrant and inclusive worshipping communtty. a prayerful and obedient people. and congregation that take5 the Bible seriously as the trustworthy guide for believing and living. We seek to share Jesus. love by building loving relationships with each other and ministèring to each other, reaching out in mission to our neighbourhood and beyond, living as a generous. and welcoming community that is easy to become part of. conYd.../ l)iillti()nd Djathoudth ErdActountsrytsaDd RWrt•rdAudthr Sl#cklr TrlrUSÉ. 89IIOI ttlVen+ BIfrTi IFE Page 3 of19
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE God has revealed Himse to us as our loving Heavenly Father. He has sent His Son to be our SavFour and He has 8ranted y5 His Holy Spirit to make us more like Jesus individually and corporately. and to lead us in His mission to the world. We seek to live QLrt our faith through commitment to God in lively worship. to the Bible in obedient di5ciple5hip, to 5harin8 the good news of Jesus in faithful evangelism. to the world in compassionate mission, to one another in caring fellowship. To these ends, we want every member of our covenant family to grow as a faithful disciple of Jesus Christ whose IlfÈ is based on the Bible, whose ambttions are centred in Christ and whose heart is passionate about people. A1VrrIEs AND OBJEcfivES The congregation meets for worship every Sunday and visitors are welcorne to join. The Sacrament of the Lords supper is observed on several occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord JesLts Christ are admitted to the Lord's Supper. The congregation holds gUlar bible study meetings and has a wide range of organisatlons Includln8 for chlldren. youth and adults. ACHIEVEMENTS AND PERFORMANCE Worship and prayer The congregation nomially meets for worship each Sunday at 11am and 7pm. During the week the Bible Study provides an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer. Livestreaming of seNice5 to homes and condurting meetSngs online, supplemented meeting at the church premises. As well as regular seryices during the year we acknowledged God'5 gift of new life at Sacraments of Baptism, we condurted marriage seryices and gove thanks for faithful service and sought to comfort those who have been bereaved during the year. Pastoral fare The church sought to help members and the people in our communrty through a variety of different initiatives. including the offerlng of pastoral care and practical supporL Mission and outreach At a congregation level the church is involved in a wide range of mission and outreach activttie5 in the local parish. across Belfast city and beyond. The congregation 5UPPOrts the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mi55ion of the denomination and to do mission and outreach on denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff. enables church plantin& provides grant SUPPOrt for the upkeep of church premises. assist with the running costs of Union Theological College. the Church's training college for ministry students, and financially supports congregation in the areas of worship, discipleship. global mission, outreach, leadership and pastoral care. Presbytery The congregatron was representeJ at the regular meetrn8s of Presbytery by our minister and one of the elders. This provides an important link between the congregations and the wider structures of the church. General Assernbly The minister and one of our elders were nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Bulldings. Belfast. injune. Property The church had completed a major development projert in 2020 to extend and refurbish the church halls. The work was funded through a combination of cash reserves. a bank loan and interest free loans. The bank loan was repaid during the year. Good progress was made on fLFnd raising during the year for this development project. General upkeep of the church and the manse continued throughout the year. Organlsatlons Church organisations continLte to be effective in working out the purpose of the chLFrch by prowding much appreciated programme5 of activlties for a range of people. Volunteers The Trustees wish to acknowledge their deep appreciation of those who give freety of their time by Serving on committees and helping with organisations and other church activities. conVd.../ Dk#Mobd&SklUen l )i'iiiiiiiiil Chartered Accountanrsand kew5reredAdIr0r Pa8e4 of 19 killL'Ii stndalrHouJ.89/IDI RoyalAvthyt Btlfastvri IFE
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE PUBUC BENEFIT sfATEMENT The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The dirert benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliets as set out in the Bible and in the ChL¢rch's subordinate standards (the Westminster Confession of Fatth and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to practical expressions of Chri5tiar¢ beliefs and standard5 Ln the local community such as through the care of those in need (including the sick, disabled and bereavedl- Generally the above benefits are delivered locally by congregations and their members. or are facilitated through presbyteries or are or8anised and delNered centrally. Local delivery is facilitated by central resource5 in almost all cases. Public access is made known through the use of notice board5, printed material. press advertisement.websites. and social media or in other ways. The benefrts are demonstrated through regular evaluation of the seThices and informal and ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The only private benefit flowing frorn our purpose is related to Minister5. Mi55ionaries, Deaconesses, Irish Mt55ion workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The benefi¢iaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland. the Republic of Ireland. and world-wide which benefit from our engagement with and support for both Christian and other secular organisations. charities and individual members of the public. The Kirk Session has had re8ard to the Charity Commissions public benefit requirement statutory guidance. FINANCIAL REVIEW The congre8aEion'5 main Source of income 15 mernber5' contriburion5 through the Weekty Freew¥ll Offering. There were 37312023.. 3691 regular contributors during the year donating a totsl of £349,35412023.' E354.3351 via Recorded Givings. Total income of the congregatiorb durin8 the year was £563,47112023: £532,142). Totsl expenditure of the congregation during the year was £489.03712023.. £450.2071. RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMEPUS The Trustees are responsible for preparing the Annual Report and the financial ststements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and the financial artivities for that year. In preparing the financial statements the Trustees are requiEd to:_ select suitable accounting policies and then apply them consistentlv: Observe the methods and principles in the CharitiesSORP: Makè jud¢ements and estimates that are reasonable and prudent- State whether applicable accountin8 Standards have been followed subject to any materlal departures dlsclosed and explalned in the financial statements-and prepa the financial statements on the goin8 toncem basis unless it is inappropriate to presume that the organisation will continue to function. The Trustees are responsible for ensuring that the congregation keep5 proper accounting records that are sufficient to Show and explain the funds transartions and which disclose with reasonable accuracy at any time the financial position of the congregation and to enable them to ensure that the financial statements comply with the Charities SORP- Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in aCrd3Th¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffe¢ti¥e l January 20151. They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities and to provide rea59nablè assurance that.. The congregation is operating efficiently and effectively.. All assets are safeguarded against unauthorised use or di5POSltion and are proper5y applied,. Proper records are maintained and financial information used within the congregation. or for publication, is reliable.ond The congregation complies with relevant laws and regulations. conVd..J DlawÈihd&SkUI¢ CharteredA£rounfantsaRd Reosf•TrdAuth ' %killL'ii SJ¥dalr Housr.891101 RoyaSAV* B•lfasr8TI IFÈ Page 5 of 19
Bloomfield PRESBYTERIAN CHURCH TO KNOIV JESUS AND SHARE HIS LOVE Statement us dlsclosure to our Independent auditor In so far as the Trustees are aware at the time of approwng our trtsstee annual report.. there is no relevant information, being infomation needed by the independent audttor in connection with preparing their report, of which the charitvs independent auditor is unaware; ond the Tru5tee5, having made enquiries of fellow Trustees and the chariWs independent auditor that they ought to have individually taken, have each taken all steps that helshe 15 obliged to take as a trustee in order to make themselves aware of any relevant information and to establish that the independentauditor is aware of that information. GOING CONCERN The activities of the congregation are dependent on ongoing contributions from its members. The Trustees are of the oplnlon that the congregation has sufficient resources at the date of approval of these financial statements to meet tommitments 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'5 currènt activities and other financral commitments. RÉSERVES POLICY The Trustees believe that the congregation should hold financial reserves because: It has little endowment funding and is currently dependent for income upon donations from year to year which are subject to review: It requires protection against and the ability to continue operating despite unforeseen setbacks.ond It requires the ability to be able to take advantage of change and opportunities to further its objettive5. The Trustees have considered the level of unrestricted reserves that it is appropriate to hold taking account of current and ongoing commitments. It 15 the policy of the Trustees to hold the equivalent of between three and six month5 operatin8 costs calculated and reviewed annually. Reserves should be built up to the desired level in stages consistent with the chariws overall financial position and its need to maintain and develop its charitable attivities. The level of the general fund (excluding designated fund515tands at £90.77012023.. £72,773). With operating costs lon unrestricted funds only) currently amounting to approximately £305,000 per year. thi5 would mean a target reserve balance of between £76,250 and £152,5CNJ. The reserves held are therefore within the Reserves Policy range The Trustees consider that the Current level of reserves. taken together with the current level of income mean that the Chartws current level of reserve5 is adequate for its requirements. Details of the Charivs funds are shown in Note 15. An analysi5 of the Charitvs net assets between the fvnds is given in Note 13. The Élders considèr that sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with any restriction imposed. RISK REVIEW The Trustees recognize their responsibility for the identification and management of risk. The Trustees have implemented system5 and procedures to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expeetation of ongoin8 financial support from rnembèrs. These risk5 are rnitigated by the Trustees, and thè Congregational Committee, regularly monitorin8 the various activities of the on8regation at stated meetings and by encouraging members in their regular giving. INDEPENDENT AuDOR5 Diamond & Skillen Chartered Accountants were reappointed as the chartvs statutory auditors on 25th Marth 2025. This report was approved by the Trustees on 25th March 2025 and signed on its behalf by- Rev Graeme Kennedy Minirter & Vacancy Convenor A Shott Clerk of Session DtHmond*SklU¢ charttredACcouL1TrtsRqlrtAUtht0Y SIn¢rNO$t.89llol RoyalAe BeJfAstFri IFE Page O of 19 %kill('Ii
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Independent Auditorfs Report to the members of Bloomfield Presbyterian Church Opinion We have audited the financial statements of Bloomfield Presbyterian Church (the 'Charitrfl for the year ended 31st December 2024 which comprise the Statement of Financial Artivities. the Statement of Financial Position and the notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applitable in the UK and Republic of Ireland IUn¢ted Kingdom Generally Accepted Atcounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the Charity'5 affair5 as at 315t December 2024 and of rts Income and expendlture for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accountin8 Practice: have been prepared in a¢¢ordan¢e with the requirements of the Chartties Act INorthern Ireland) 2008. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and thè provisions available for small entities. in the circumstances set out in note 19 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basls for our opinion. Conclusion5 relatin8 to 8olng concern We have nothing to report in respect of the following matters in relation to which the ISAS IUKI require us to report to you where.. the trustees, usè of the going concern basis of accounting in the preparation of the financial statements 15 not appropriate- or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other lfifomiatlon The trustees are responsible for the other infomiation. The other infomation comprises the information included in the annual report other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, eXpt to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connertion with our audit of the financial statements. our responsibility is to read the other information and. in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be matertally misstated. If we identtfy such material inconsistencies or apparent material misstatements. we are required to detemine whether there is a material misstatement in the financial statements or a material rni55t3temnt of the other information. If. based on the work we have performed. we conclude that there Is a material misstatement of this other tAfomation. we are required to report that fart. We have nothing to report in thi5 regard. Matters on which we are required to report by •p10n In the light of the knowledge and understanding of the Charity and its environrnent obtained in the course of the audit, we have not identif5ed material misstatements in the Trustees, Annual Report. We have nothing to report in respect of the following matters in relation to which the Charities Act INorthern Ireland) 2008 requires us to report to you if, in our opinion= sufficient accounting records have not been kept- or the financial statements are not in agreement with the accountin8 records and returns-or we have not obtained all the information and explanations necessary for the purposes of our audit. cont'd.. ./ Chart•rtd Accountantsa#d ReOSTered Audiror killcii s1rHt7YS¢.$YllOj Royal AvettuE •l&rtBTI IFE Page 7of 19
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Independent Auditorfs Report to the members of 81oomfield Presbyterian Church {conYd) Responsibilities of the trustees As explained more fully in the trustees. responsibllities statement set out on page 5. the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for SLFch intemal control as they determine is necessary to enable the preparation of financial slatements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the Charity's ability to continue as a goine concern. disclosing. as applitable, matters related to Eoing concern and using the going concem basis of accounting unless the trustees èither intend to liquidate the Charity or to cease operations, or have no realisti¢ alternatNe but to do so. Our responslblllties for the audit of the financial slatements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report thot includes our opinion. Reasonable assurance is a high level of a55urance, but Is not a guarantee that an audit condurted in ac¢ordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the econorni¢ deci5i0n5 of users taken on the basis of these financial 5taternents. A further description of our responsibilities for the audit of the financial statements is located on the Finantial Reporting Council's website at.. www.frc.org.uk/auditorsresponsibilities. This description forrn5 part of our auditor's report. Use of our ieport This report is made solely to the Charity's members. as a body, in accordance with settion 65 of the Charities Art (Northern Ireland) 2008 and the regulation5 made under section 66 of that Act. Our audit work has been undertaken so that we might state to the Charity's members those matters we are required to State to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or a55urne re5pon5ibility to anyone other than the Charity's trustees 85 a body. for our audit work. for this report or for the opinion5 we have formed. Nigel V. Skillen FCA (Senior Statutory Auditor) for t7nd on behalf of Dlarnond & Skillen Chartered Accountants and Registèred Auditor Sinclair House, 891101 Royal Avenue Belfast, BTI IFE 25th March 2025 Illam•nd&Sklllt CbarteredAccuvNtantsad H¢wrEdAudiroT Sini1r0uSe,a9llol lioyalAvenut BElf4StBTI IFE Page 8 of19 killL'II
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Statement of Financial Acttvities linduding Income and Expenditure Account) for the year ended 31st De¢ernber 2024 Unrestricted Funds Restricted funds Totals 2024 Totals 2023 Notes INCOME from donfrtlons and le9o¢ies Donations Grants received Legacies 215.237 3,064 27.500 159,028 300 374,265 3.364 27.SlXI 369.119 693 from eharitoble artivities Special ¢ollertions 17.817 15.973 33,790 19.456 from other crtivities Gift Aid tax refunded Other income 47.802 18,268 3S,754 21,010 83,556 39,278 82,902 54,972 from investments Investment income 1.719 1,719 Totsl incorne 331,406 232.065 563,471 532,142 EXPENDMJRE on rol*n9fvnds Promotional costs 525 525 1,150 an charltable ortlvltles Employee costs Premises costs Travel and training costs General administration costs Programme costs 152.265 42.791 6.541 5.108 ,504 338 16.926 152.603 59.717 6,541 5,108 243,299 148.054 71,063 7,107 6.980 202,978 152.795 on other items Legal and professional fees Other expenses Total resources expended 4.875 2.973 305.583 4.875 4.441 477.110 2,875 10.000 450,207 1,467 171,527 Net incomln8 1 {our8oln81 resources Depreciation Transfers betsveen fiJnd5 25.823 111.9281 56,774 60.538 86,361 111,9281 81.935 12,700) 156,7741 Net movement In funds 70,669 2.076.828 3.764 74.433 79,235 Fund balances brought fimd at 1st January Fund balanw carried at 31st L)ecember 1117,2401 1.959.588 1,880,3S3 2.147.497 1113,4761 2.034,021 1,959,588 The ststement of financial artivities includes all gains and105ses in the year. The notes on pages 12 to 19 form part of these financial statements. CharteredAcwunfants R¢yswYdAuththir %killL'lI Sknclalr House. 891101 RoyalAvenu¢ elfthsr8TI IFE Page 9 of 19
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Statement of Financial Posftion (Balance Sheetl as at 31st December 2024 2024 2023 Notes NON CURRENT A55ETS Tangible assets io 2,056,727 2.004.055 2,056,727 2,004,055 CURRENf ASSErs Receivables Cash and cash equivaleftts li 80.134 80,134 12.840) 137.902 137,902 117.8401 PAYABLES: amounts falling due within one year 12 CURRENT ASSETS 77.294 120,062 PAYA8LES: amounts falling after more thari one year 12 iioo,0001 1164,5291 TOTAL ASSETS LESS CURRENT UABILMES 2,034,021 1.959.588 THE FUNDS OF THE CHARTri Unrestrlrtedlncomefvnds.. General fund5 Asset holding fund Idesignatedl 15 15 90.770 2.056.727 72,773 2,004,055 2.147,497 2,076,828 Restricted incomefvnds.. Benevolent Fund Building Fvnd Choris Fund Czech Fund Hungary FLFnd Mission Fund Malawi Fund Moderators Appeals Fund Moldova Fund Parallel Project Fund Property Fund TearFund Fund 15 15 15 15 15 15 15 15 15 15 15 15 1,624 (77.4901 1,724 1164,7041 102 191 13,345 21,316 2,518 10,000 {63.575) 2.394 21.839 TOTAL FUNDS 2,034.021 1.959.588 The notes on pages 12 to 19 form part of these financial statements. The financial statements on pages 3 to 19 were approved by the Trustèes on 25th March 2025 and signed on their behalf by.. Rev Graeme Kennedy Minister & Vacancy Convenor Rebecca Fostev Treasurer Charrered A¢¢uunrafttsand WsteredAudLtor k" illi'ii SlnilalrHou5e.891101 Ruyal AvEnue Fjelful LFE Page 10 of 19
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Statement of Cash flows forthe year ended 31st March 2024 2024 2023 Notes 16 17 io Net cash inflow / loutflowl frorn operating activities Returns on investment Capital expenditure {Decreasel l increase in cash and cash equivalents for the ar 159A871 1.719 124,8401 110,8001 157.7681 135.6401 Reconclllation of net cash flow to movement in net funds IDecreasell increase in cash for the year Net funds at 1st january 2024 Net funds at 3tst December 2024 157,7681 137,902 80,134 135.6401 173,542 137,902 The notes on pages 12 to 19 form part of these financial statements. DlaMoMd&Skllleh bartéredAccoiiTrtan¥and Re#rtdAuditw Page 11 of 19 %killL'n Sln¢lalrHouso.8911ts1 •JtastBTI IFE
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Notes forniinE part of the Finan¢ial Statements for the year ended 31st December 2024 Accounting Policies The prrncipal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Statement of compllance The financial statements are prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their a¢counts in accordance with the Financial Reportlng standard applicable in the UK and Republic of Ireland IFRS 1021 (effective from 1st January 20151- (Charities SORP IFRS10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006 (insofar as this applies to the Charity). Bloomfield Presbyterian Church meets the definition of a public benefFt entÉty under FRS 102. Assets and liabilities are initially reco8nised at historical cost or transaction value unless otherwise stated in the relevant accountlng pollcy note{sl. Reconciliation with prev5ously Generally Accepted Accountlng Prartlce In preparing the accounts. the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP IFRS 1021 the restatement of comparative items was required. No restatements were required. Preparatlon of the accounts on a going concern basls The Trustee5 are of the view that as the reserves of the charity are within the requirement of the charitys reserves poliry, the immediate future of the charity for the next 12 to 18 months is secure and on that basis the charrty is a going concern. Revenue Items of revenue are recognised and included Fn the accounts when all of the following crrteria are met: the charity has entitlement to the funds- any performance conditions attached to the itemls) of revenue have been rnet or are fully within the control of the charity." it Is probable that the revenue will be reteNed: and the amount can be meaSUd reliably Revenue receNed in advance of the provision of a specified service is deferred until the crtteria for revenue recognition are met. Grnnts recelvoble Grants receivable whith relate to the year are credited to revenue within the Ststement of Financial Actrvities, with unspent balances being carried forward to subsequent years within the relevant fund. Specific debts are recognised where approved grant expenditure exceeds grant revenue receNed to date. Grant revenue relating to future periods is carried forward under payable5. Interest recel¥able Interest on funds held on (leposwt is included when receivable and the amount can be measured reliably by the charity.. this is normally upon notification of the Inte$t paid or payable by the Bank. Fund accountin8 General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objective5 of the charity and which have not been designated for other purposes. The fund ¢omprises the accumulated surpluses and deficits of unrestricted income and expenditure. Restrirted funds are funds whrch are to be used in accordance with specific re5trirtions imposed by donors or which have been raised by the charrty for particular purposes. The t05ts of administering such funds are charges against the specrfic fund. The aim and use of each restricted fund is set out in the notes to the frnan¢ial Statements. Investment rn¢ome and gains are allooted to the appropriate fund. tXamoThd &SW]le Charter¥dAccountants ané R¢tsTrFEdAudiWr killc'i1 51n¢lair Hvu5E 891101 RoyalAThe Belfast BTI IFE Page 12of 19
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Notes forming Part of the Financial Statements for the year ended 31st December 2024 (convd) Expenditure Expenditure 15 recogni5ed once there is legal or constructive obliEation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Expenditure on raising funds comprises the costs of marketing and promoting the charity and its activities,. Expenditure on charitable activities includes the direct costs allocated to the performance of activities undertaken to further the purposes of the charity and their associated support costs- Expenditure on other itern5 represents those items not falling into any other headtng. Non Current Assets (Flxed Ass•ts) Fixed Assets are stated at cost less ac¢umulatÈd depreciation. The costs of minor additions or those costing below £5.000 are not capitalised. Furniture, fvtures & Fittings Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life. which is estimated at 4 yea. Plont & Machlnery Depreciation is provided at rates calculated to write off the cost less residual value o* each asset over its expected useful life. which is estimated at 7 year5. Receivables Trade and other receivables are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. i.io CJ5h and cash equlvalents Cash and cash equivalents includes bank deposit5, cash and short tem highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. i.ii Payables and provisions Payables and provisions are recognised where the chartty has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Payables and provisions are normally retognised at their settlement amount after allowing for any trade discounts due. Transltlon to FRS 102 The transition date was 1st January 2016. There was no requirement to restate any comparative balances in making the transition to FRS 102. LeEal status of the charliy Bloomfield Prèsbyterian Church is a Congregation of the PrÈsbyterian Churth in Ireland. It is a charity registered in Northern Ireland no. NIC104554. I lidni()nd Chartered AtcouhfamTI allrt Ro#styr¢dAudithr ki51L'I] SLIKlalr Hallso.89ISOI AAvellu¢ 8eJfastwri IFE Page 13 of 19
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Note5 forniing part of the Flnanclal Statsments for the year ended 31st December 2024 {conYd) INCOME Unrestrirted Funds Restricted fvnds Totals 2024 Totals 2023 from donotions ondleqoties." Recorded giving Loose collections Grants Legacies Other donations Butldin8 Fund donations 206,230 8.507 3.064 27.5(N) 143,125 349.355 14.111 3,364 27,500 800 10.000 354,335 14.784 693 3DJ 3LYJ io.ots) SLKJ Arom choritoble activities.. Special collections 17.817 15.973 33.790 18,956 from other artfvitle&' Gift Aid tax refunded Income from Church events Church Trip5 5ale/renta15 of book5. DVDS etc.. Publications Insurance claims Flower fund Rental income Other income 47,802 35,754 83,556 82.902 2.885 590 1,408 2.885 590 1,408 5,265 593 1,160 2,480 760 8.748 35,966 820 820 10,150 22,580 10.150 10,859 11,721 from Investments.. UK bank interest reteived 1,719 1.719 331.406 232.065 563.471 532.142 4SEblle Chartered Acrnunfdntsa*d RtysrprEdAudrtDr li %kill('11 5inilalr Houx 89ILOI R•y4IAVUt Belfasi BTI i Page 14 of 19
ci? Bloomfield PRES8YTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Notes fomilng part of the Financial Statements for the year enqled 31st December 2024 Iconvdl EXPENDITURE Unrestricted Funds Restrirted funds Totals 2024 Totals 2023 on rolsingfunds." Promotional expenses 525 525 1,150 on charitable artiVit.. Employee tosts." Wages and salaries Pulpit Supply I Convenor Minister, Assistsnt & Associate expenses Ernployer pension contfibutions Premlses and insun7nce c05ts.' Rates and Water Rates Insurance Heat and light Repairs and Property projects New annex and refurbishment Cleaning materia15 Trovel and training costs.. Training Minibus expense Generol <MinIsttion costs.. Printin& postage and stationery Telephone, computer and intemet Progrumme costs." Charitable distributions Outreach work Ministerial Dutie5 Allowances PCI Assessments & Presbytery fees Worship resources Action team disbursements Church events and sundry costs Church magazines and literature Student support 126.111 3,242 9.470 13.442 126.111 3.580 9,470 125,126 338 9,552 13,376 3,396 8.819 27,749 321 3,396 8.819 27.749 17,247 3,037 8.088 29,967 27,851 16.926 2.SOS Z,505 2,120 3.146 3,395 3,146 3,395 5,120 1.987 3,429 1,679 3.429 1,679 3,933 3,047 10.474 11.474 2.961 20,668 108,755 119,229 11.474 2,961 20,668 119,611 12,383 2,434 20,603 300 15,680 28,808 3,159 1.2C¥J 29.111 3,724 7.050 37,940 100 39,140 29.211 3,724 13.050 on otherltems.. Leqal •naTpro/essl•nolA*w' Audit fees Other governance costs Other expense5.' Bank charges Bank loan interest Sundry expenses 3,120 1,755 3,120 1,755 3S 2,973 1.467 1,641 8.359 305.583 171.527 477.110 450,207 DIan&S511e ChartefErtA¢¢puntanrs4nd Regsreryd Authror rlalr House. 691101 RoyalAvenu P•ltasEBTI IFE Page 15 of 19 k. illLIi
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Notes forniln8 part of the Financial Statements for the year ended 31st December 2024 (coned) Staff costs and numbers Unre5trirted Funds Restricted funds Totals 2024 Totals 2023 Wages and salaries Employers National Insurance Pulpit supply / Convenor Pension ¢ontributlOll5 Employee expenses 118,138 7.974 3,242 13.442 9,470 152,266 118,138 7.974 3.580 13,44Z 9.470 152,604 115,377 8,312 1.437 13,376 9,552 148,054 338 338 Net Incomlng resources for the year Unre5trirted Funds Re5tritted funds Totals 2024 Totals 2023 Netin¢omin¢resource5 urestotedofvrclwinq.. Auditorfs remuneration 3.120 3,120 2,840 Trustee remuneratlon and Related Party Transactlons The total amount donated to the Charity without condltlons from trustees and officer Iprlmary related parties) and secondary related parties was £106,23812023.. £116,463). No trustee received any remuneration as a result of their Trusteeship of the Charity. Four Trustees were employed by the CharTty and received reirnbursement of out-of-pocket expenses during the year 12023: 31. The details are as follows-. Rev Frank Sellar- Employed as Minister of the Congregation - Salary £48,009 - Expenses £488 Michael Stoneman- Employed as Youth Worker- salary £31.000- Expense5 £600 Brian McNary- Employed as Musical Director Ipart-timel - Salary £8,923- Expenses £5CKJ Rev Graeme Kennedy- Vacancy Convenor fees £1,287 + £87 pulpit supply fee No other trustee or other person connected to the charity had any personal interest in any contract or transaction entered into by the chartty during the year12023- Nill. T&xatlon As a charity, the Church is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or 2256 of the Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. Transfers between the funds Unrestrirted Funds Restricted funds Totals 2024 Totals 2023 Transfer from General Fund to Building Fund 17.8261 7.826 Transfer from Property Fund to Asset Holding Fund 164.6001 Transfer from Mission Fund to Qech Fund oifvnds to(th*icostsofCtethfvn 13,8401 3.840 iio,ocrfJl iO,IXKJ 156,7741 Transfer from Building Fund to Parallel Project Fund 56,774 Dlarnond & Slttlle l )icllll()ii(l thartEfed ArccunlaAts and WyftrvdAudiknr killL'I] SlDdajT I(u5e. 891101 RoyalAvenuE BEllasf BTI LFE Page 10 of 19
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Notes forming part of the Financial SLitements for the year ended 31st December 2024 {conVd) io Tanglble Flxed Assets Land Plant Furniture, fixtures & fittings buildings machinery Totals Cost At 1st January 2024 Additions At 31st t)ecember 2024 1.995.955 10,800 2,006,755 64,600 2.071.355 64.600 1.995,955 10.800 Depreciation At 1st January 2024 Charge for year At 31st December 2024 2,700 2,71XI 2,700 11,928 14,628 9,228 9.228 Net Book Value At 31st December 2024 1.995.955 55,372 2,056,727 At 31st December 2023 1,995,955 8,100 2.004.055 li Receiwdbles Totals 2024 Totals 2023 Prepayments and accrued income 12 Payables Totals 2024 Totals 2023 Accruals Amounts falling due within one year (short term loans) Amounts falling due after more than one year (Building Loar61 2,840 15,000 164.529 182.369 100,000 102.840 13 Analysls of ¢harlty net assets between funds Unrestrirted fijnds Restrirted funds Totals 2024 Non Current Assets Current Assets - receivables Current Assets- cash and cash equivalents Payables 2.056,727 2.056.727 93.610 12.8401 2,147,497 113,4761 1100.0001 1113,4761 80.134 1102,840J 2.034.021 14 Financial Commitments At 31st December 2024 the charity has no annual commitments under nOnncelIable leases nor any other financial tommitments that are not recognised in the account$12023.. £nill. Bloomfield Presbyterian Church has entered into a numbèr of long tèrm contracts for the supply of services all of which are cancellable DIndI$bU¢ll Chartor4&Accountsnts aDd Rrt•r•éAudLtor + %killL'ri SlnclalrTrlous.891101 ItAe 8eJfayr3TI JFE Page 17of 19
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Notes forming part of the Finandal Statements for the year ended 31st December 2024 {conVd) 15 Statement of Funds At lJan24 Incoming resources Outgoing resources Asset Re¢ognrtion At 31 Dec 24 Transfers General reserve Asset holding fund Totsl unrestrKted fvnd5 72.773 2.004.055 331.406 1305,5831 111,9281 {317,5111 17.8261 90,770 2,056.727 2.0762$ 331A06 56,774 2,147.497 8enevolent Fund Build¥ng Fund Charis Fund Cze¢h Fund Hun83ry Fund Malawi Fund Mission Fund Moderètor5 Appeal Fund.. World Development Appeal Moldova Fund Parallel Projert Fund Property Fund TearFund Fund 1.724 1164.7041 IiTh)I 11.4671 11.2CQI 119.5201 I12) 12701 183.1141 1.624 17Y.4901 90.855 1.200 15.591 1.21)0 270 78.983 12.1741 191 102 21.316 13.8401 13.345 8.143 10.274 18.1431 110,1501 1210391 116.9261 17,5961 1171.5251 2,394 21,839 2,518 io.ooo 163.5751 10,000 164,6001 17.951 7,596 Total restricted funds 1117,2401 232,063 156.7741 1113.4761 Total funds 1.959.588 563.469 1489.0361 2,034.021 The qeneral reserve represents thefreefvnds of the chority which ore not designoredfvr porticulorpurpose5. The asset holdlnqfvnd is ofvndset up to hold the book osset volue of the chority Summary of the Alm and Use of Restrlrted Funds Benevolent Fund is afvnd set up to holdspecific collertionsfordi5tribution by the Kirk Session on u benevolent bosis Bulldlftg Fund is ofvnd Set up to occountforspecific collertions ond disbursements in relottion to building projects Chons Fund is ofund set up to occountforspecific collertions ond disbursements in relation to ChGrris Youth Club Czech Fund is afund set up to accountforspecfic collection5 t7nd disbursements in relt7tion to the Mission Team visit to Czech Republic Hungory Fund is ofvndset up to uccountforspecific collertions (7nd disbursementsforprojects in Hungory Malcwi Fund is afund set up to accountfor5pecific collections and disbursementsforproje¢ts in Molowi Mi$51on Fund is ofund5et up to hold22% of recorded givingfvr allocation to cht7ritoble distributions Modemtors Appeal Fund is a fund set up to account for spetrfic collections und disbursements fvr the PCI Moderators Appeals, specifict71fy the World Development Appeal Moldovo Fund is afund set up to ac¢ountforspe¢ific collertions t7nd disbursementsforprojerts in Moldovt7 Pumllel Projert Fund is o lund set up to account fvr specffjc collettions ond disbursements in relation to mission projerts Property Fund is ofvnd5et up to hold5% of recorded givingfor allocation to property upkeep TearFund Fund is ofvnd5et up to occountforspecific collertions ond disbursernentsfvr fet7r Fund DlamtrDd&SIIIIED CharreTpd knrounkillts4ndRe*5fernd Audity %"k"jll(11 51ni131rHou5e.8911fj1 Royal Avtnue Belk%rFfi IF Page 18of19
Bloomfield PRESBYTERIAN CHURCH TO KNOW JESUS AND SHARE HIS LOVE Notes fomiinz part of the Financial Statements for the year ended 31st Decernber 2024 Iconvdl 16 Reconciliation of changes in resources to net cash inflow from operatlng actS¥ltles 2024 2023 Net incoming / lout8oin81 resources before investment incorne Purchase of fixed assets Ilncreasel I decrease in CeIvable5 (Decrease) / increase in payables Net Cash inflow l (oufflow) from opernting activibes 81,935 164,61XI) {79,529) (59.487) 1106,7751 124,8401 17 Returns on Investment 2024 2023 Interest from UK Sources 1.719 Going concern The Trustees consider that the charity has sufficient fundin8 in pla to continue its operations in the near future and thus deem the use of the going concern basis to be appropriate. 19 Disclosure of relevant clrcumstanc In common with many other charities of our size and nature we use our auditors to.. prepare and submit applicable return5 to the tax authorities,'ond a5515t with the preparation of the financial statements- ond provide consultancy services when requested. Deficits on Building fund and Property fund {both restricted) The charity is carrying a net deficit of £77,49012023.. deficit of £164,704) on the restritted Building fund and a net deficit of £63,57512023: Énill on the restrirted Property fund. The Kirk Session consider that the ongoing donations receivable to these funds give them a realistic expectation that future income will be received to cover the shortfall which is at 31st December 2024 financed by loans of £IOO.OLKJ and application of church liquidity of E41.065. DJamond& SkkUn ChartèrdAtttiltttsnts3d lie&Èr*dAudttDr Siticlair Housff.89ItOl RAD Jra¥rtrTI IFJ¥ Page 19of 19 killc'n