# **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)