SECOND PRESBYfERIAN CHURCH SAINTFIELD CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND an SECOND PRESBYfEIUAN CHURCH SAINTFIELD CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND Statement of Financial Activity for the year ended 31 December 2024 Unrestricted Restricted Endowment Total Total Note Funds 2024 Funds 2024 Funds 2024 2024 2023 Income & Endowments from: Donations and Legacies Charitable Activities Other Trading Acttvities Investments other Total 126,033 33.243 35,421 159,276 35,421 6,745 7.519 500 209.461 180,317 29,936 4,220 3.991 418 218.882 6.745 837 588 500 69,752 6,094 133,615 6.094 enditure on: Raising Funds Charitable activilies Other Total 340 151.317 529 152.186 1.247 35,321 1.587 186,638 529 188,754 1,217 187.793 1.750 190,760 36,568 Net (loss)IGain on investments 10.494 Net (expenditure)l income (18,571) 33,184 6,094 20.707 38.616 Transfers between funds (23,849) 23,849 Net movement in funds {42.420) 57.033 6,094 20,707 38.616 Funds brought forward 1,271.938 274,659 140.166 1,686,763 1,648,147 Funds carried fornard 1,229,518 331,692 146,260 1,707,470 1,686,763
SECOND PRESBrfERIAN CHURCH SAINTFIELD CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31 DECEMBER 2024 Noles 2024 2023 Fixed Assets Tangible Fixed Assets Investments 10 1,174,449 1,192,523 146,260 140,166 1,320.709 1,332,689 Current Assets Debtors Cash at bank and in hand 12 28,313 366,882 395.195 48,978 313,186 362,164 Creditors 13 (8,434) (8,090) Ne% Current Assets 386,761 354,074 Net Assets 1.707,470 1,686,863 Funds Unrestricted Funds Restricted Funds Endowment funds 14 1,229.518 1,271,938 331,692 274.659 146,260 140,166 14 14 1,707,470 1,686,763 Approved by the Kirk Session at a meeting on 2 June 2025 and signed on its behalf by Mr Scott Laidlaw Mr Colin Black
SECOND PRESBYfERIAN CHURCH SAINTFIELD CONGREGATION OF THE PRESBYTERIAN CHURCH IN IREIAND an ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS The financial ststement5 have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective 1 January 2015). The financial ststements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transadions. assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to arbother 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 at the congregation's discretion., the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon tbe purpose for which the endowment was established in the first plaGe. Restricted funds comprise (a) income from endowments whlch 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. FIXED ASSETS Tangible Fixed Assets Tangible fixed assets for use by charity are capitalised rf 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 tsngible 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 Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are inGluded at trustees, best estimate of market value.
SECOND PRESBYfERIAN CHURCH SAINTFIELD CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND an 2. Donatlons & Legacies Unrestricted Restrioted Endowment 2024 2024 2024 Total 2024 Recorded Giving Loose Collections 111.646 1,197 3,940 9,250 111,646 1,197 33,632 12,801 159,276 Csonations & Gifts Gift Aid 29,692 3,551 33.243 TOTAL 126,033 3. Charitable Activities Unrestricted Reslrlcted Endowment 2024 2024 2024 Total 2024 Inwme from charttable activities Fundraising Events Fees from burial fees Membership fees Grants 3,667 20.483 800 4,736 5,735 35,421 3,667 20.483 800 4.736 5.735 35.421 4. Other Trading Activities Unrestricted Restricted Endowment 2024 2024 2024 Total 2024 Letting of Premises TOTAL 6,745 6,745 6.745 6,745 S. Investments UnrestTlCted Restrlcted Endowment 2024 2024 2024 Total 2024 Deposit Interest PCI General Investment Fund Nl Central Investment Fund TOTAL 837 588 1.425 4,717 1,377 7,519 4,717 1,377 6,094 837 588
SECOND PRESBYfERIAN CHURCH SAINTFIELD CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND an 6. Other Income Unrestricted Restricted Endowment 2024 2024 2024 Total 2024 Other Income TOTAL 500 500 500 500 7. Raising Funds Unrestrided Restricted Endowment 2024 2024 2024 Total 2024 FWO Envelopes Fundraising Events TOTAL 340 340 1,247 1.247 1,247 1,587 340 8. Charitable Activitles Unrestrlcted Restrlcted Endowment 2024 2024 2024 Total 2024 General Assembly Assessment Presbytery fees Ministry and support stsff Congregational running expenses Donations to Missions and Charities Governance Costs TOTAL 33,432 949 55,716 40.206 19,214 1.800 151,317 33.432 949 55,716 68,371 26,370 1,800 186,638 28,165 7,156 35,321 9. Other Expenditure Unrestricted Restrlcted Endowment 2024 2024 2024 Total 2024 other Expenses TOTAL 529 529 529 529
SECOND PRESBYfERIAN CHURCH SAINTFIELD CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND an 10. Flxed Assets Fixtures & Fittings Land Buildings Total Cost As at 1 January 2024 379.500 961,510 14,842 1,355,852 Additions 4,235 4.235 As at 31 December 2024 379.500 961,510 19.077 1,360,087 Depreciation As at l January 2024 152.941 10,388 163,329 Charge forthe year 19,230 3.079 22,309 As at 31 December 2024 172,171 13,467 185,638 Net Book Value As at 31 December 2024 As at 1 January 2024 379,500 379,500 789,339 808.569 5,610 4,454 1,174.449 1,192,523 11. Investments 2024 2023 PCI General Investment Fund Nl Central Investment Fund 104,482 41.778 146.260 99,765 40,401 140,166 Value at 1 January 2024 Gainsl(losses on revaluation) Value 31 December 2024 140.166 6.094 146,260 129,672 10.494 140.166 12. Debtors 2024 2023 Gift Aid Recoverable Other Debtors Prepayments 7,643 16,082 4,588 28,313 26.751 16,167 6.060 48.978