SHORE STREET CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31 December 2024
Registered Charity in Northern Ireland (NIC105199)
SHORE STREET CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY
Year ending 31 December 2024
| Year ending 31 December 2024 | ||
|---|---|---|
| Receipts Note Donations and Legacies 2 Charitable activities 3 Other trading activities 4 Investment income 5 Other 6 Sale of investments Sale of fixed assets Loans received Total Receipts Payments Raising funds 7 Charitable activities 8 Investment costs Other 9 Purchase of investments Purchase of fixed assets Loan repayments Total Payments Net receipts/(payments) Transfers between funds Revaluation of fixed assets 10 Net movement of funds Funds brought forward Funds carried forward |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 |
Total 2023 |
| 243,496 83,740 0 327,236 837 12,869 0 13,706 0 0 0 0 48 20,189 0 20,236 0 0 0 0 244,380 116,798 0 361,178.46 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 244,380 116,798 0 361,178 563 0 0 563 186,832 141,024 0 327,856 0 0 0 0 0 0 0 0 187,395 141,024 0 328,419 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 187,395 141,024 0 328,419 56,986 -24,226 0 32,760 -27,996 27,996 0 -0 0 0 0 0 28,990 3,770 0 32,760 1,174,077 517,445 0 1,691,522 1,203,067 521,215 0 1,724,282 |
305,599 9,101 1,100 8,252 0 |
|
| 324,052 | ||
| 0 0 0 |
||
| 0 | ||
| 324,052 | ||
| 661 243,611 0 0 |
||
| 244,272 | ||
| 0 0 0 |
||
| 0 | ||
| 244,272 | ||
| 79,780 0 0 |
||
| 79,780 1,611,743 |
||
| 1,691,523 |
Registered Charity in Northern Ireland (NIC105199)
SHORE STREET CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31 DECEMBER 2024
| Funds Reconciliation Funds at start of year Net movement in funds Funds at end of year Fixed Assets > Church premises > Fixtures, Fittings, Equipment > Vehicles Current Assets Gift aid receivable on donations Prepayments Investments - Note 11 Cash at bank & in hand Creditors- amounts falling due within one year Loans Other Net Current Assets Total Assets less Current Liabilities Creditors- amounts falling due after one year Total Assets / (Liabilities) |
Unrestricted Funds 1,174,077 28,990 |
Unrestricted Funds 1,174,077 28,990 |
Restricted Funds 517,445 3,770 |
Restricted Funds 517,445 3,770 |
Endowment Funds 0 0 |
Endowment Funds 0 0 |
Total 2024 1,691,523 32,760 1,724,282 875,000 1,560 0 876,560 33,181 4,847 73,834 740,549 852,411 0 4,688 4,688 847,722 1,724,282 0 1,724,282 |
Total 2023 1,611,743 79,780 |
||
|---|---|---|---|---|---|---|---|---|---|---|
| 1,203,067 | 521,215 | 0 | 1,691,523 | |||||||
| 875,000 1,560 0 |
0 0 0 |
0 0 0 |
875,000 3,872 0 |
|||||||
| 876,560 | 0 | 0 | 878,872 | |||||||
| 24,045 4,847 2,010 571,053 |
9,136 0 71,824 169,496 |
0 0 0 0 |
38,330 4,600 71,409 699,060 |
|||||||
| 601,955 | 250,456 | 0 | 813,398 | |||||||
| 0 4,688 |
0 0 |
0 0 |
0 748 |
|||||||
| 4,688 | 0 | 0 | 748 | |||||||
| 597,267 | 250,456 | 0 | 812,651 | |||||||
| 1,473,827 | 250,456 | 0 | 1,691,523 | |||||||
| 0 | 0 | 0 | 0 | |||||||
| 1,473,827 | 250,456 | 0 | 1,691,523 |
Approved by the Kirk Session at a meeting on 2nd June 2025 and signed on it's behalf by: -
Mr Jim Hill
Mr Nigel Montgomery
Registered Charity in Northern Ireland (NIC105199)
SHORE STREET CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024.
1. BASIS OF PREPARATION
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The accounts have been prepared in accordance with the Accounting and Reporting of Charities SORP in accordance with FRS102.
Income is included in the Statement of Financial Activities (SoFA) when the church becomes entitled to the resources and the monetary value can be measured with sufficient reliability. This includes claims made under Gift Aid.
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Tangible fixed assets are capitalised if they can be used for more than one year and the costs is deemed to be material. They are valued at cost. The property owned, comprising the Church premises and the Manse have been included at a current valuation.
2. DONATIONS AND LEGACIES
| a) Recorded giving b) Loose collections c) Donations and gifts d) Gift aid e) Legacies and bequests |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 196,356 56,868 0 253,224 6,020 4,737 0 10,758 154 8,200 0 8,354 40,966 12,936 0 53,901 0 1,000 0 1,000 243,496 83,740 0 327,236 |
Total 2023 |
|---|---|---|
| 234,653 13,996 7,812 48,636 500 |
||
| 305,599 |
3. CHARITABLE ACTIVITIES
| a) Income from charitable activities b) Fees from weddings and funerals c) Fundraising events d) Membership fees e) Grants Organisations income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 837 670 0 1,507 840 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12,199 0 12,199 8,261 837 12,869 0 13,706 9,101 |
|---|---|
4. OTHER TRADING ACTIVITIES
| a) Letting of premises b) Trading income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 0 0 0 0 1,100 0 0 0 0 0 0 0 0 0 1,100 |
|---|---|
5. INVESTMENT INCOME
| 5. INVESTMENT INCOME | ||
|---|---|---|
| a) Deposit interest b) General Investment Fund c) Rents investment properties d) Other investment income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 0 17,763 0 17,763 0 0 0 0 0 0 0 0 48 2,425 0 2,473 48 20,189 0 20,236 |
Total 2023 |
| 7,536 0 0 716 |
||
| 8,252 |
Registered Charity in Northern Ireland (NIC105199)
6. OTHER INCOME
| a) Insurance claims b) Other income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 0 0 0 0 0 0 0 0 0 0 0 0 |
Total 2023 |
|---|---|---|
| 0 0 |
||
| 0 |
7. RAISING FUNDS
| a) FWO envelopes b) Fundraising events |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 563 0 0 563 0 0 0 0 563 0 0 563 |
Total 2023 |
|---|---|---|
| 661 0 |
||
| 661 |
8. CHARITABLE ACTIVITIES
| a) General Assembly Assessments b) Presbytery Fees c) Ministry and support staff costs d) Congregational running expenses e) Donations to Missions and charities f) Governance costs Organisation expenses 9. OTHER EXPENDITURE Investment properties expenses |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 18,911 0 0 18,911 1,127 0 0 1,127 104,835 0 0 104,835 40,854 69,730 0 110,583 20,200 59,871 0 80,071 906 0 0 906 0 11,424 0 11,424 186,832 141,024 0 327,856 0 0 0 0 Unrestricted Funds Restricted Funds Endowment Funds Total 2024 0 0 0 0 |
Total 2023 |
|---|---|---|
| 17,832 1,074 100,075 65,840 47,438 1,110 10,243 |
||
| 243,611 | ||
| 0 | ||
| Total 2023 | ||
| 0 |
10. FIXED ASSETS
The church property, which includes the church premises at Shore Street, Donaghadee and the manse at 1 The Trees, Donaghadee, is under the control of the congregation trustees (the Kirk Session), but is held in trust for the congregation by The Presbyterian Church in Ireland Holding Trustee Company (the holding trustees). These premises were valued in 2023 by Thomas Orr Limited and they have been included in the Balance Sheet at that valuation, accordingly no depreciation has been charged.
| Cost or Valuation At the start of year Additions Revaluations Disposals Transfers At the end of year Depreciation At the start of year Charged Impairment Disposals Transfers At the end of year Net Book Value At the start of year At the end of year |
Land & Buildings Fixtures & fittings Vehicles 875,000 21,017 0 0 0 0 0 0 0 0 0 0 0 0 0 875,000 21,017 0 0 17,145 0 0 2,312 0 0 0 0 0 0 0 0 0 0 0 19,457 0 875,000 3,872 0 875,000 1,560 0 |
Total |
|---|---|---|
| 896,017 0 0 0 0 |
||
| 896,017 | ||
| 17,145 2,312 0 0 0 |
||
| 19,457 | ||
| 878,872 | ||
| 876,560 |
Registered Charity in Northern Ireland (NIC105199)
11. INVESTMENTS
| General Investment Fund Property Other investments |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 2,010 0 0 2,010 0 0 0 0 0 71,824 0 71,824 2,010 71,824 0 73,834 |
Total 2023 |
|---|---|---|
| 1,919 0 69,490 |
||
| 71,409 |
12. OTHER DISCLOSURES
| Fees for examination of the accounts | ||
|---|---|---|
| Independent examiner's fees | 630 | 630 |
| Staff costs | ||
| No employee is paid more than £60,000 |
13. FUND BALANCES
| Fund Balance at start Receipts Payments Surplus / (Deficit) Unrestricted Funds FWO/General Fund 1,174,077 244,380 187,395 56,986 Restricted Funds Repairs & Maintenance Fund 27,825 13,461 22,584 -9,123 New Building Fund 329,986 26,535 25,200 1,335 United Appeal 15,240 15,626 31,971 -16,345 Presbyterian Orphan & Childrens Socie 200 373 0 373 Christian Aid 9 51 0 51 Church History Book 897 89 0 89 Ministerial Benevolent Fund 778 700 300 400 World Development 1,433 773 2,105 -1,333 Payroll giving - Girls Brigade 3,583 3,840 2,066 1,774 Moderators Appeal 150 0 0 0 Tear Fund 240 276 516 -240 Food Store 15,419 8,396 18,678 -10,282 Harvest Appeal 125 6,326 0 6,326 Youth Workers 0 120 120 0 Investment Funds 71,409 2,425 0 2,425 Bequest Holding Fund 39,550 0 0 0 Anon Gift # 1 3,100 0 0 0 Flower Fund 148 788 786 1 Burundi YADA 2,280 18,423 19,735 -1,312 Jordan 13 0 0 0 Shelter UK 40 2,599 2,339 260 Misc - Youth 0 712 253 459 Boys Brigade 1,779 4,062 4,366 -304 Girls Brigade 1,416 6,797 4,841 1,956 Presbyterian Women 1,634 1,095 1,918 -824 Tear Fund - Mission Task Force 193 100 293 -193 Adopt a Child Living Water 0 1,223 1,223 0 Youth for Christ - Crumlin 0 1,084 1,064 20 Youth for Christ - Donaghadee 0 781 661 120 Bowling Club 0 146 6 140 Total 517,445 116,798 141,024 -24,226 Endowment Funds 0 0 0 0 Total 1,691,523 361,178 328,419 32,760 |
Revaluatio n Transfer Balance at end |
|---|---|
| 0 -27,996 1,203,067 |
|
| 0 33,108 51,810 0 0 331,320 0 1,104 0 0 0 573 0 0 60 0 0 986 0 0 1,178 0 0 100 0 0 5,357 0 0 150 0 0 0 0 0 5,137 0 -6,216 235 0 0 0 0 0 73,834 0 0 39,550 0 0 3,100 0 0 149 0 0 968 0 0 13 0 0 300 0 0 459 0 0 1,475 0 0 3,372 0 0 810 0 0 0 0 0 0 0 0 20 0 0 120 0 0 140 |
|
| 0 27,996 521,215 |
|
| 0 0 0 |
|
| 0 -0 1,724,282 |
Registered Charity in Northern Ireland (NIC105199)