NEWINGTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31st December 2022
Registered Charity in Northern Ireland (NIC104581)
Newington Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2022
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | 29001 | 10536 | 0 | 39537 | 35005 |
| Charitable activities | 3 | 0 | 0 | 0 | 0 | 0 |
| Other trading activities | 4 | 4849 | 0 | 0 | 4849 | 9731 |
| Investment Income | 5 | 248 | 0 | 0 | 248 | 315 |
| Other | 6 | 0 | 0 | 0 | 0 | 1424 |
| Organisations | 0 | 186 | 0 | 186 | 60 | |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | |
| Sale of fixed assets | 0 | 0 | 0 | 0 | 0 | |
| Loans Received | 0 | 0 | 0 | 0 | 0 | |
| Total Receipts | 34098 | 10722 | 0 | 44820 | 46535 | |
| Payments | ||||||
| Raising funds | 7 | 207 | 0 | 0 | 207 | 168 |
| Charitable activities | 8 | 25385 | 12789 | 0 | 38174 | 30169 |
| Investment costs | 0 | 0 | 0 | 0 | 0 | |
| Other | 9 | 0 | 0 | 0 | 0 | 0 |
| Organisations | 0 | 336 | 0 | 336 | 152 | |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | |
| Purchase of fixed assets | 0 | 0 | 0 | 0 | 0 | |
| Loan Repayments | 0 | 0 | 0 | 0 | 0 | |
| Total Payments | 25592 | 13125 | 0 | 38717 | 30489 | |
| Net receipts / (payments) | 8506 | -2403 | 0 | 6103 | 16046 | |
| Transfers between funds | 187 | -187 | 0 | 0 | ||
| Net movement in funds | 8693 | -2590 | 0 | 6103 | 16046 | |
| Funds brought forward | 74310 | 6137 | 0 | 80447 | 64401 | |
| Funds carried forward | 12 | 83003 | 3547 | 0 | 86550 | 80447 |
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Newington Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2022
| Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ Funds Reconciliation Bank and Cash at start of year 74,310 6,137 0 80447 64401 Net movement in funds £8,693 -£2,590 0 6103 16046 Bank and Cash at end of year £83,003 £3,547 0 86550 80447 Bank & Cash Balances Bank Current Account - General 65913 58620 20010 19924 NIL NIL 433 1508 194 395 Sub total 86550 80447 Endowment Funds 0 0 Total 86550 80447 Other Assets Church Premises Fixtures and Fittings Vehicles Gift Aid receivable on donations 6405 4731 Other assets Liabilities Loans 0 0 Other liabilities 0 0 Fixed Assets -Note 10 Investments - GIF -Note 11 Progressive Account Cash in Hand Bank Current A/Cs - Organisations Cash in Hand - Organisations |
Unrestricted Restricted Endowment Funds Funds Funds £ £ £ 74,310 6,137 0 £8,693 -£2,590 0 |
Total Total 2022 2021 £ £ 80447 64401 6103 16046 |
|---|---|---|
| £83,003 £3,547 0 |
86550 80447 |
|
| 65913 58620 20010 19924 NIL NIL 433 1508 194 395 |
Approved by the Kirk Session at a meeting on 19 January 2023 and signed on its behalf by
Name: John Lynass Name: Tommy McWatters Date: 29 January 2023 Date: 14 May 2023
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Newington Prersbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2022
Accounting Policies
Basis of Financial Statements
As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations) (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis.
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 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.
2. DONATIONS AND LEGACIES
| Legacies and bequests Donations/Gifts Bld Fd Gift Aid - Bld Fd Donations/Gifts Miss Gift Aid - Gen A/c/Mission Recorded Givings U.A. Loose collections/U.A. Recorded givings/Bld.Fd. |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 23925 1446 0 25371 28337 0 1177 0 1177 0 436 241 0 677 261 0 0 0 0 1100 0 311 0 311 210 0 7084 0 7084 576 4640 277 0 4917 4521 0 0 0 0 0 |
|---|---|
| 29001 10536 0 39537 35005 |
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Newington Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2022
3. Charitable Activities
| Fees from weddings and funerals Fundraising events Membership fees Grants - Urban Mission Trust Income: Presbyterian Herald |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
|---|---|
| 0 0 0 £0 £0 |
4. Other Trading Activities
| Letting of premises Trading Income |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 4849 0 0 4849 9731 0 0 0 0 0 |
|---|---|
| 4849 0 0 4849 £9,731 |
5. Investment Income
| Rents investment properties Other investment income Progressive Fund Interest Bank Interest |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 86 0 0 86 184 162 0 0 162 131 0 0 0 0 0 0 0 0 0 0 |
|---|---|
| 248 0 0 248 315 |
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Newington Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2022
6. Other Income
| Insurance claims Other income 7. Raising Funds Fundraising Events FWO envelopes/Reports |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 0 0 0 0 1424 0 0 0 0 0 |
|---|---|
| 0 0 0 0 1424 |
|
| Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 207 0 0 207 168 0 0 0 0 0 |
|
| 207 0 0 207 168 |
8. Charitable Activities
| General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and Charities Governance Costs Benevolent Fund Property Fund |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2022 2021 £ £ £ £ £ 3036 0 0 3036 3483 678 0 0 678 678 10649 0 0 10649 9920 10682 216 0 10898 10380 0 9647 0 9647 3256 0 2856 0 2856 2054 0 70 0 70 128 340 0 0 340 270 |
|---|---|
| 25385 12789 0 38174 30169 |
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Newington Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Statement of Financial Activity ( Receipts and Payments Account ) Year ended 31 December 2022
9. Other Expenditure
| 9. Other Expenditure | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| Funds | Funds | Funds | 2022 | 2021 | ||||
| £ | £ | £ | £ | £ | ||||
| Insurance Repairs | 0 | 0 | 0 | 0 | 0 | |||
| 0 | 0 | 0 | 0 | £0 |
10. Fixed Assets
The congregation owns the Church premises situated at 144 Limestone Road. Belfast. BT15 3AL and the associated fixtures, fittings, plant and machinery.
The congregation also own the Church manse situated at 1 Glencroft Rd. Newtownabbey BT35 5GD. These have an insurance value of : £4,507,883
11. Investments
The congregation has the following investments. Amounts are shown at market valuation
| General Investment Fund at market valuation Property Other investments |
2022 2021 £ £ 0 0 0 0 0 0 |
|---|---|
| 0 0 |
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Newington Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Year ended 31 December 2022
12. Fund Balances
| (Name of Fund) Organisations (2) Endowment Fund Restricted Funds Property/Building Mission/Charity Holiday Bible Club Benevolent General Fund Progressive Building Society Unrestricted Funds |
Balance Receipts Payment Surplus / Transfers Balance at start (Deficit) at end £ £ £ £ £ £ 54386 34012 25592 8420 187 62993 19924 86 0 86 0 20010 |
|---|---|
| 74310 34098 25592 8506 187 83003 |
|
| 4006 1757 2856 -1099 0 2907 0 8779 9647 -868 868 0 144 0 216 -216 72 0 84 0 70 -70 0 14 1903 186 336 -150 -1127 626 |
|
| 6137 10722 13125 -2403 -187 3547 |
|
| NIL NIL NIL NIL NIL NIL |
|
| Total Funds | 80447 44820 38717 6103 0 86550 |
| General Investment Fund | Valuation at Start Revaluation Increase Revaluation at End 0 0 0 |
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