REGISTERED CHARITY NUMBER: 105242 ort of the Trustees and FinancRal Statem f r the Year Ended 31 December 2024 for First Sainffield Presb terian Church R Savage & Company Accountants & Taxation Consultants Old Bank House 2 Crosssar Road Saintfield Ballynahinch Co. Down BT24 7BD
First Sainffield Presb terian Church Contents of the Financi21 Statements for the Year Ended 31 Decem er2 24 Page Report of the Trustees Independent Examiner's Report Statement of Financial A¢tlvltSes Balance Sheet Notes to the Financial Statements 5 to 11 Detailed Statement of Financial Activities 12 to 13
First Sainffield Presb terian Church ort of the Trustees for the Year Ended 31 December 2024 The trnstees present their report with the financial statements of th¢ charity for the ye&r ended 31 December 2024. The tntstees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 105242 Principal address 21 Main Street Saintfield Co. Down B T24 7AA Trustees P Jackson D Mccallion K Glover I Taylor L Fleming J N Mcmordie J A MeBriar G MacKenzie K Finlay (resigned 31.1.24) D W Robinson M McBriar Rev S L Bostock Independent Examiner R Savage and Co Lid R Savage & Company Accountants & Taxation Consultants Old Bank House 2 CTossgar Road Saintfield Ballynahinch Co. Down BT24 7BD Approved by order of the board of tNslees on3..' ..fUoJ&....th..2f. and signed on its behalf by.. Rev S L Bostock - Trustee Page I
Inde endent Examiner's Re First Saintfield Presb ort to the Trustees of terian Church Independent examiner's report to the trustees of First Sainffield Presbyterian Church I report to the charity truste¢s on my examination of the accounts of First Saintfield Pr¢sbylerian Church (the Trust) for the year ended 3 L December 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the a¢¢ounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in caLrying out my examination I have followed all applicable Directions given by the Charity CoTrunission under Section 145(5)(b) of the Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirni that l am qualified to undertake the examination because l am a member of the Institute of Financial Accountants. which is one of the listed bodies. I have completed my examination. I confirni that no material matters have come to my attentioi) in connection with the examination giving me cause to believe that in any material resp¢ct'. accounting records were not kept in respect of the Trust as required by Section 130 of the Act- or the accounts do not accord with those records. or the 2¢counts do not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a inatter considered as part of an independent examination. I have no concerns and have come across no other matters in conn¢ction with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. R Savage and Co Ltd The Institute of Financial Accountants R Savage & Company Accountants & Taxation Consultants Old Bank House 2 CTossgar Road Saintfield Ballynahinch Co. Down BT24 7BD Date.. Page 2
First SainRe1d Presb terian Church Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted nd Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 140.297 89,509 229,806 254.105 Charitable activities General 6,640 6,640 8.780 Oilier trading activities Investment incorne 53,402 20,034 53,402 20,038 51,212 9,524 Total 140,301 169.585 309,886 323,621 EXPENDITURE ON Raising funds 3,268 51,220 54,488 55,157 Charitable activities General United Appeal Mission 155.360 20,065 10,964 43.471 175,425 10,964 43,471 182,600 L4,274 16,339 Total 158,628 125,720 284,348 268,370 NET INCOME/(EXPENDITURE) Transfers between funds {18,327) 1.442 43.865 (1,442) 25,538 55,251 10 Iyet movement in funds (16,885) 42,423 25.538 55,251 RECONCILIATION OF FUNDS Total funds brought forward 126.471 569,336 695.807 640,556 TOTAL FUNDS CARRIED FORWARD 109,586 611,759 721,345 695,807 The notes forn] part of these fll]ancial statements Page 3
First Saintfield Presb terian Church B212n¢e Sheet 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted fimd Restricted funds Notes FIXED ASSETS Tangible assets 3,651 31.535 35,186 35.186 CURRENT ASSETS Inveslments Cash at bank 61.300 518,924 61,300 624,860 61,300 599,323 105,936 105,936 580.224 686,160 660.623 CREDITORS Amounts falling due within one year (i) (i) (2) NET CURRENT ASSETS 105.935 580,224 686,159 660,621 TOTAL ASSETS LESS CURRENT LIABILITIES 109.586 611.759 721,345 695,807 NET ASSETS 109,586 611,759 721.345 695,807 FUNDS Unresiricted funds Restricted funds io 109.586 611,759 126,471 569,336 TOTAL FUNDS 721.345 695,807 financial statements were approved by the Board of Trustees and authorised for issue ..3........w.u.E...&i¥. and were signed on tts behalfby.. on S L Bostock- Trustee The notes fonn part of these fmancial statements Page 4
First Saintfield Presb terfian Church Notes to the Financial Statement5 for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the chaTity, which is a public benefit entity under FRS 102. have been prepad in accordan¢¢ with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities prepariiig their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and Ihe Charities Act 2011. The fmancial statements have been prepared und¢r the historical cost convention. Ineome All income is recognised in th¢ Statement of Financial Activities once the charity has entitlement to the fijnds, it is probable that the income will be received and the amount can be Measured reliably. Expenditure Liabilities are re¢ognised as expenditure as soon as there is a legal or constrnctive obllgation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be Tequired in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrnals basis and has been classified undei. headings that aggregate all cost related to the category. Where costs cannot be direcily attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued ds expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted fund5 can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fvnds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpos¢ of ¢ach fund is included in the notes to the financial statements. Hire purchase and leasing commitments Renta]s paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of tlie lease. Pension costs and other post-retlrement benefits The charity operdtes a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Stafrment of Financial Activities in the period to which they relate. Page 5 continued...
First Saintfield Presb terian Church Notes to the Finan¢ial Statements - continued for the Year Ended 31 December 2024 OTHER TRADING ACTIVITIES 31.12.24 31.12.23 Shop income 53,402 51,212 INVESTMENT INCOME 31.12.24 31.12.23 Rents received Deposit account interest 20.034 9.524 20,038 9.524 RAISING FUNDS Investment management costs 31.12.24 31.12.23 Property repairs 26.945 33,091 TRUSTEES, REMUNERATION AND BENEFITS There were no tste¢S, remuneration or other benefits for the year ended 31 D¢cember 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no tStees, expenses paid for the year ended 31 Decen]ber 2024 nor for the year ended 31 December 2023. COIIIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fimds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 132,404 121,701 254,105 Charitable activities General 1.800 6.980 8.780 Other trading activitie5 Investment income 51.212 9,524 51,212 9,524 Total 134,204 189,417 323.621 EXPENDITURE ON Raising funds 260 54,897 55,157 Charitable activities General United Appeal Mission 122,819 59,781 14,274 16.339 182,600 14,274 16,339 Total 123.079 145,291 268,370 Page 6 continued...
First Sainffi¢ld Presb terian Church Notes to the Finaneial Statements- continued for the Year Ended 31 December 2024 COMPARATIVES FOR THE STATEMENT OF FIIYANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds Total funds NET INCOME Transfers between funds 11,125 6,130 44,126 (6.130) 55,251 Net movement in funds 17.255 37,996 55,251 RECONCILIATION OF FUNDS Total funds brouglit forward 109,216 531,340 640.556 TOTAL FUNDS CARRIED FORWARD 126,471 569,336 695,807 TANGIBLE FIXED ASSETS Fixtures and fittings Plant and Inacliinery Computer equipment Totals COST At l January 2024 and 31 December 2024 31,535 1.254 2,397 35,186 NET BOOK VALUE At 31 December 2024 31,535 1,254 2,397 35.186 At 31 December 2023 31,535 1,254 2,397 35,186 CURRENT ASSET INVESTMENTS 31.12.24 31.12.23 Other 61,300 61,300 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade creditor5 Page 7 continued...
First Saintfield Presb terian Church Notes to the Financial St2tL'incnt5 - Colltinued for the Year Ended 31 December 2024 io. MOVEMENT IN FUNDS Net movernent in ndS Transfers between fijnds At 31.12.24 At 1.1.24 Unrestricted funds G¢neral fimd 126.471 (18.327) 1,442 109.586 Restricted funds Renovation Fund United Appeal General Mission Fund Benevolent Fund Bequest Investments Organisational Funds Ukrainian Family Support 82.982 17,578 (39) 12,503 (80) 634 16,907 (2,962) (676) 7,989 39 607 108,549 28.157 3.169 80,956 336,460 37,211 401 41.267 3,089 81,486 342,885 34.483 (104) (10,482) 234 275 569.336 43,865 {1,442) 611,759 TOTAL FUNDS 695.807 25,538 721,345 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in ndS Unrestricted funds General lld 140,301 (158,628) (18,327) Restrlcted funds Renovation Fund United Appeal General Mission Fund Benevolent Fund Bequest Investments Organisational Funds Ukrainian Family Support 56,048 10,925 65,594 330 2.529 17,475 15,860 824 (38,470) (10,964) {53,091) (410) (1,895) (568) (18,822) (1,500) 17,578 (39) 12,503 {80) 634 16,907 (2,962) (676) 169,585 (125,720) 43,865 TOTAL FUNDS 309.886 (284,348) 25.538 Page 8 continued...
First Saintfield Presb terian Church Notes to the Financial Statement5 - continued for the Year Ended 31 December 2024 io. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds Transfers beÉween funds At 31.12.23 At 1.1.23 Unrestricted funds General fijnd 109.216 11,125 6.130 126,471 Restricted funds Renovation Fund General Mission Fund Benevolent Fund Bequest Investments Organisational Funds Ukrainian Family Support 53.878 23,214 1,953 80,465 333,529 37,512 789 30,512 4,943 1.216 491 6,403 949 (388) (1.408) 82,982 28,157 3.169 80,956 336,460 37,211 401 (3,472) (1,250) 531.340 44,126 (6,130) 569,336 TOTAL FUNDS 640.556 55,251 695,807 Comparative net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 134,204 (123,079) 11,125 Restricted funds Renovation Fund United Appeal General Mission Fund Benevolent Fund Bequest Investments Organisational Funds Ukrainian Family Support General Mission 77.468 14.274 58.411 1,406 2.671 6.627 14.219 24 14,317 (46.956) (14,274) (53,468) (190) (2.180) (224) (13.270) {412) (14,317) 30,512 4,943 1,216 491 6.403 949 (388) 189.417 (145,291) 44.126 TOTAL FUNDS 323.621 (268,370) 55.251 Page 9 continued...
First Saintfield Presb terian Church Notes to the Financial Statements- continued for the Year Ended 31 Deeember 2024 io. MOVEMENT IN FUNDS- continued A curent year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Transfers between fijnds At 3L.12.24 At 1.1.23 Unrestricted funds General fund 109,216 (7,202) 7,572 109,586 Restrieted funds Renovation Fund United Appeal General Mission Fund Benevolent Fund Bequest Investments Organisational Funds Ukrainian Family Support 53,878 48.090 (39) 17,446 1.136 1,125 23,310 (2.013) (1,064) 6,581 39 607 108,549 23,214 1,953 80,465 333,529 37,512 789 41,267 3,089 81,486 342,885 34.483 (104) (13,954) (1,016) 275 531.340 87.991 (7,572) 611,759 TOTAL FUIYDS 640,556 80,789 721,345 A cuent year 12 months and prior year 12 months combined net movement in fiinds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 274.505 (281,707) (7,202) Restricted funds Renovation Fund United Appeal General Mission Fund Benevolent Fund Bequest Investments Organisational Funds Ukrainian Family Support General Mission 133,516 25,199 124,005 1,736 5,200 24,102 30,079 848 14,317 (85,426) (25,238) (106,559) {600) (4,075) (792) (32,092) (1,912) (14,317) 48,090 (39) 17,446 1,136 1,125 23,310 (2.013) (1,064) 359,002 (271.011) 87,991 TOTAL FUNDS 633.507 (552,718) 80,789 Page 10 continued...
FRrst Sainle1d Presb terian Church Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ii. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 December 2024. Pagell
First Sainffield Pre5b terian Church Detailed Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Gift aid Subscriptions Exceptional items 193.366 32,832 3,081 526 208,114 38,671 2,920 4,400 229.806 254,105 Other trading activities Shop income 53,402 51,212 Investment income Rents received Deposit account interest 20,034 9,524 20,038 9,524 Charitable activities Grants 6,640 8.780 Total incoming resources 309.886 323,621 EXPENDITURE Raising donations 2nd legacies Organisations activities 18,342 13,232 Other trading activities Other operating leases 9,201 8,834 Investment management costs Property repairs 26.945 33.091 Charitable activities Wages Pensions Rates and water Insurance Light and heat Telephone Sundries Grants to instilutions Grants to individuals 81.254 10.080 2.616 8,739 18,408 49,677 4,907 2,317 9.033 19.334 32 36,258 71,900 15,400 33,958 70,696 30 225.781 208.858 Support Costs This page does not forni part of the statutory financial statements Page 12
First Sainle1d Presb terian Church Detailed Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 Support costs Finance Bank charges 1,033 1.053 Governance costs Accountancy and legal fees 3,046 3,302 Totsl Tesources expended 284.348 268,370 Net income 25,538 55,251 This page does not forn] part of the statOry financial Statements Page 13