## _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**| Page - 1 - ## **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 Page -2- ## **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| Page -3- ## **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| Page -4- ## **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| Page -5- ## **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**| Page -6- ## **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**| Page -7-