Registered with the Charity Commission for Northern Ireland NIC105304
SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
FINANCIAL STATEMENTS
for the year ended
31 December 2023
Jones
Chartered Accountants
4 Comber Street
SAINTFIELD
BT24 7AZ

SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
STATEMENT OF FINANCIAL ACTIVITY
For the
ear ended 31 December 2023
Total
Funds
2023
Total
Funds
2022
Unrestricted Restricted Endowment
Funds
Funds
Funds
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
143,332
36,985
29,936
180,317 185,799
29.936
21,108
4,220
3,425
3,991
3,903
418
528
4.220
730
374
135
44
3,126
Total
148,656
67,100
3,126 218,882 214,763
Expenditure on:
Raising funds
Charitable activities
Other
321
154,281
1,750
896
33,512
1,217
691
187,793 190,281
1,750
1,000
Total
156,352
34,408
190,760 191,972
Net Ilossllgain on investments
10,494
10,494 (13,496)
Net (expenditurellincome
{7,696)
32,692
13,620
38,616
9,295
Transfer between funds
141,668)
44,794
(3.126)
Net movement in funds
(49,364)
77,486
10,494
38,616
9,295
Reconciliation of funds..
Total funds brought fotward
1,321,302 197,173 129,672 1,648,147 1,638,852
Total funds carrled forward
1,271,938 274,659 140,166 1,686,763 1,648,147

SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
BALANCE SHEET
As at 31 December 2023
Total
Funds
2023
Total
Funds
2022
Unrestricted Roslrlcted Endowment
Fund5
Funds
Funds
Note
Fixed assets
Tangible assets
Investments
12 1,192,523
13
1,192,523 1,210,983
140,166 140,166 129,672
Total fixed assets
1,192,523
140,166 1,332,689 1,340.655
Current assets
Debtors
Cash at bank and in hand
14
15
26,708
22,270
56,297 256,889
48,978
37,614
313,186 286,162
Total current assets
83,005 279,159
362,164 323,776
Llabilities
Creditors: Amounts falling
due within one year
16
3,590
4,500
8,090
16,284
Net current assets
79,415 274,659
354,074 307,492
Total net assets
1,271,938 274,659 140,166 1,686,763 1,648,147
Fund of the charity
Unrestricted funds
Restricted income funds
Endowment funds
18 1,271,938
1,271,938 1,321,302
274,659 197,173
140,166 140,166 129,672
274,659
18
Total charity funds
1,271,938 274,659 140,166 1,686,763 1.648,147
Approved by the Kirk Session at a meeting on 22 April 2024 and signed on its behalf on
29 April 2024 by:
Bryan Rea
Colin Black

SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
The financial ststements have been prepared in accordance with Accounting and Re-
porting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with Financial Reporting Standard applicable in
the UK and Ireland IFRS102) (effective 1 January 2015}.
The financial statements have been prepared under the historical cost convention
except for investment assets, which are shown at market value. The financial
statements include all transactions, assets and liabilities for which the congregation is
responsible in law. They do not include the accounts of church groups thal owe their
affiliation to another body, nor those that are informal gatherings of church members.
In the opinion of the Trustees, there are no significant judgements, assumptions or
estimates included in the financial statements, other than those described in the
accounting policies below.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently
or al the congregation's discretion,. the income derived from the endowment is lo be
used either as restricted or unrestricted income funds depending upon the purpose for
which the endowment was established in the first place.
Restricted funds comprise {a) income from endowments which is to be expended only
on the restricted purposes intended by the donor and (b) revenue donations or grants
for a specific congregational activity intended by the donor. Where these funds have
unspent balances, interest on their pooled investment is apportioned to the individual
funds on an average balance basis.
Unrestricted funds are income funds which are to be spent on the congregation's
general purposes. Designated funds are general funds set aside by the congregation
for use in the future.

SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (continued)
31 December 2023
ACCOUNTING POLICIES (continued)
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities {SoFA) when..
the congregation becomes entitled to the resources..
the trustees are virtually certain they will receive the resources., and
the monetary value can be measured with sufficient reliability.
(li} Incoming resources with related expenditure
ere incoming resources have related expenditure {as with fundraising
income) the incoming resources and related expenditure are reported gross in
the SOFA.
(iiil Grants and donations
Grants and donations are only included in the SOFA when the congregation has
unconditional entitlemenl to the resources.
(iv) Tax reclaims on donations and gifts
Incoming resources from tax reclaims are included in the SOFA at the same time
as the gift to which they relate.
(v)
Contractual income and performance related grants
This is only included in the SOFA once the related goods or services have been
delivered.
{vi) Gifts in kind
Gifts in kind for sale or distribution are included in the accounts as gifts only
when sold or distributed by the charity.
(v51) Donated servSces and facllStSes
These are only included in incoming resources (with an equivalent amount in
resources expended) where the benefit to the charity is reasonably quantifiable,
measurable and material. The value placed on these resources is the estimated
value to the charity of the service or facility received.
(vill) Volunteer help
The value of any voluntary help received is not included in the accounts but is
described in the trustees, annual report.
(ix) Investment income
This is included in the accounts when receivable.
(x) Investment gains and losses
This includes any gain or loss on the sale of investments and any gain or loss
resulting from revaluing investments to market value at the end of the year.

SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (conlinued)
31 December 2023
ACCOUNTING POLICIES (continued)
EXPENDITURE AND LIABILITIES
(xil Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation
committing the congregation to pay out resources.
{xiil Governance Costs
These are shown within charitable activities and include the costs of preparation
and examination of accounts, the costs of trustee meetings and cost of any legal
advice to trustees on governance or constitutional matters.
Ixiiil Grants with performance conditions
Where the charity gives a grant with conditions for its payment being a specifi'c
level of service or output to be provided, such grants are only recognised in the
SOFA once the recipient of the grant has provided the specified service or output.
(xiv) Grants payable without performance conditions
These are only recognised in the accounts when a commitment has been made
and there are no conditions to be met relating to the grant which remain in the
control of the charity.
ASSETS
(xv) Tangible Fixed Assets
Tangible fixed assets for use by charity are capitalised if they can be used for
more than one year, and cost at least £2,500. They are valued at cost or, if
gifted, at the value to the charity on receipt.
Depreciation is recorded on all tangible fixed assets other than freehold land, at
rates calculated to write off the cost, less estimated residual value, of each asset
over its expected useful life as follows
Land
Buildings
Fixtures and equipment
over 50 years
25 % to 33 113 % straight line
{xvi) Investments
Investments qLroted on a recognised stock exchange are valued at market value
at the year end. Other investment assets are included at trustees, best estimate
of market value.

SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (continued)
31 December 2023
DONATIONS AND LEGACIES
Total
Funds
2023
Total
Funds
2022
Unre5tTlcted Restrlcted Endowment
Funds
Funds
Funds
Recorded giving
Loose collections
Donations and gifts
Legacies
GiftAid
96,166
461
20,870
17,592
113,758 103,567
461
359
34,725
41,046
10,000
30,827
13,855
25,835
5,538
31,373
143,332
36,985
180,317 185,799
CHARITABLE ACTIVITIES
Income from charitable
activities
Fees from burial fees
Membership fees
Fundraising events
Grants
2,707
1,180
4,719
19,730
1,600
2,707
1,180
4,719
19.730
1,600
1,920
3,286
14,502
1,400
29,936
29,936
21,108
OTHER TRADING ACTIVITES
Letting of premises
4,220
4,220
3,425
INVESTMENTS
Deposit interest
PCI General Investment Fund
Nl Central Investment Fund
730
135
865
1,946
1,180
675
2,021
1,207
1,946
1,180
730
135
3,126
3,991
3,903

SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (continued)
31 December 2023
OTHER INCOME
Total
Funds
2023
Total
Funds
2022
un￿StrICted Restricted Endowment
Funds
Funds
Funds
Other income
374
44
418
528
RAISING FUNDS
FWO envelopes
Fundraising events
321
321
896
270
421
896
321
896
1,217
691
CHARITABLE ACTIVITIES
General Assembly
Assessments
Presbytery fees
Ministry and support staff
costs
Congregational running
expenses
Donations to Missions and
charities
Governance costs
20,225
900
20,225
900
18,806
804
59,689
59,689
56,091
52,126
22,370
74,496
73,390
19,361
1,980
11,142
30,503
1.980
39,510
1,680
154,281
33,512
187,793 190,281
OTHER EXPENDITURE
Other expenses
1,750
1,750
1,000
10. EMPLOYEES
2023
2022
Employment costs
Stipend and salaries
Social security costs
Pension contributions
53,925
5,028
9,200
50,580
4,897
8,722
68,153
64,199

SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS {GontinuedJ
31 December 2023
10.
EMPLOYEES (continued)
Number of Employees
The Minister is an office holder and not an employee. He receives a stipend from the
Presbyterian Church but this, and associated costs including pension, are reimbursed
by the congregation. For the purposes of these accounts, the stipend of the minister is
included in employee costs. The average number of employees, including the minister
of the congregation, expressed as full-time equivalents, during the year was=
2023
2022
Average number of employees
There were no employees in receipt of employee benefits in excess of £60,000
(2022.. none)
11. PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in Ireland
Pension Scheme (2009). This is a scheme operated by the Presbyterian Church in Ire-
land, a separate registered charity The congregation pays an assessment to the
Presbyterian Church in Ireland equivalent to the employer's pension contribution for the
Scheme and based on the stipend paid to the minister. The Presbyterian Church in
Ireland Pension Scheme12009} is a funded Scheme of the defined benefit type,
providing defined benefits based on career average revalued salary. The Scheme has
assets held in a separately administered fund managed by a board of trustees. The
Presbyterian Church and Scheme Trustees have agreed a funding plan lo ensure the
Scheme is sufficiently funded lo meet current and future obligations. A formal schedule
of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church
agreed to pay from 31 December 2015 Contributions of 24 % of pensionable salaries to
cover the accrual of benefits for future service, expenses, the cost of insuring death in
service benefits and funding the scheme deficit.
The contributions made by the congregation during the year were..
Total
Funds
2023
Total
Funds
2022
Contributions
9,200
8,722
The congregation also offers a NEST pension scheme to all other employees.
No employees are currently members of this pension scheme12022 - none).

SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (continued)
31 December 2023
12. TANGIBLE FIXED ASSET
Fixtures &
Land Buildings equipment
Total
Cost or valuation
At 1 January 2023
Additions
Disposals
375,000
4,500
961,510
14,842 1,351.352
4,500
At 31 December 2023
379,500
961,510
14,842 1,355,852
Depreclatlon
At 1 January 2023
Provision for year
Disposals
133,711
19,230
6,658
3,730
140,369
22,960
At 31 December 2023
152,941
10,388
163,329
Net Book Value
At 31 December 2023
379,500
808,569
4,454 1,192,523
At 31 December 2022
375,000
827,799
8,184 1,210,983
13. INVESTMENTS
2023
2022
PCI General Investment Fund
Nl Central Investment Fund
99,765
40,401
91,486
38,186
140,166
129,672
Value at 1 January 2023
Gainsl{losses on revaluation)
129,672
10,494
143,168
(13,4961
Value 31 December 2023
140,166
129,672

SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (continued)
31 December 2023
14. DEBTORS
2023
2022
Gift Aid Recoverable
Other debtors
Prepayments and sundry debtors
26,751
16,167
6,060
25,388
6,614
5.612
48,978
37,614
15. CASH AT BANK AND IN HAND
Danske Bank current accounts
Cash in hand
310,111
3,075
284,499
1,663
313,186
286,162
16. CREDITORS- amounts falling due within one year
Accruals
8,090
16,284
10

SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (continued)
31 December 2023
17. FUND BALANCES AND RECONCILIATION OF FUNDS
Balance at
start Income
Gainsl
Expend Losses Transfer
Balance
at end
FUND
Unrestricted Funds
Church General
Account
1,321,302 148,656 (156,352)
141,66811,271,938
Restricted Funds
Church Property
Account
Church Organisations
Account
177,578
53,724 122,169)
41,632 250,765
19,595
13,376 (12,239)
3,162
23,894
197,173
67,100 (34,408)
44,794 274,659
Endowment Funds
PCI General Investment
Fund
91,486
Nl Central Investment
Fund for Charities
1,946
8,279
(1,946)
99,765
38,186
1,180
2,215
{1,180)
40,401
129,672
3,126
10,494
(3,1261 140,166
Total
1,648,147 218,882 1190,760)
10,494
1,686,763

SECOND PRESBYTERIAN CHURCH SAINTFIELD
a congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (continued)
31 December 2023
18.
RELATED PARTY TRANSACTION
One of the Trustees was in receipt of remuneration during the current year in
relation to their engagement as minister following {2022 - 1). The total
remuneration paid excluding pension and social security costs was £38,828
(2022 - £36,347).
Pension contributions paid in respect of the minister to the Presbyterian Church
in Ireland Pension Scheme {20091 were £9,20012022 - £8,723).
No trustee received remuneration in relation to their role as trustee
(2022 - none). Expenses reimbursed to the minister during the year totalled
£7,108 (2022 - £6,722). These expenses were in relation to his role as
employee of the church. No trustee received reimbursement of expenses in
relation to their role as trustee (2022 - none).
{iv)
During the year, the congregation contributed the following amounts to Funds
of the General Assembly of the Presbyterian Church in Ireland a separate
charity..
£20,225 {2022 - £18,806) for congregational assessments
£9,221 {2022- £8,882} towards the United Appeal
£Nil {2022 - £1,777) toward the World Development Appeal
{v}
The congregation contributed £900 (2022 - £804) towards Presbytery
Assessments during the year
There were no other related party transactions.
12