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