NEWINGTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31st December 2023
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 2023
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | £29,831 | £4,713 | £0 | £34,544 | £39,537 |
| Charitable activities | 3 | £1,200 | £0 | £0 | £1,200 | £0 |
| Other trading activities | 4 | £11,952 | £0 | £0 | £11,952 | £4,849 |
| Investment Income | 5 | £235 | £0 | £0 | £235 | £248 |
| Other | 6 | £250 | £11,540 | £0 | £11,790 | £0 |
| Organisations | £0 | £268 | £0 | £268 | £186 | |
| 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 | £43,468 | £16,521 | £0 | £59,989 | £44,820 | |
| Payments | ||||||
| Raising funds | 7 | £0 | £0 | £0 | £0 | £207 |
| Charitable activities | 8 | £27,081 | £7,285 | £0 | £34,366 | £38,174 |
| Investment costs | £0 | £0 | £0 | £0 | £0 | |
| Other | 9 | £165 | £0 | £0 | £165 | £0 |
| Organisations | £0 | £394 | £0 | £394 | £336 | |
| 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 | £27,246 | £7,679 | £0 | £34,925 | £38,717 | |
| Net receipts / (payments) | £16,222 | £8,842 | £0 | £25,064 | £6,103 | |
| Transfers between funds | -£972 | £972 | £0 | £0 | £0 | |
| Net movement in funds | £15,250 | £9,814 | £0 | £25,064 | £6,103 | |
| Funds brought forward | £83,003 | £3,547 | £0 | £86,550 | £80,447 | |
| Funds carried forward | 12 | £98,253 | £13,361 | £0 | £111,614 | £86,550 |
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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 2023
| Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ Funds Reconciliation Bank and Cash at start of year £83,003 £3,547 £0 £86,550 £80,447 Net movement in funds £15,250 £9,814 £0 £25,064 £6,103 Bank and Cash at end of year £98,253 £13,361 0 £111,614 £86,550 Bank & Cash Balances Bank Currefor the year ended 31st December 2023 £61,073 £65,913 £50,091 £20,010 NIL NIL £435 £433 £15 £194 Sub total £111,614 £86,550 Endowment Funds £0 £0 Total £111,614 £86,550 Other Assets Church Premises Fixtures and Fittings Vehicles Gift Aid receivable on donations £5,302 £6,405 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 £ £ £ £83,003 £3,547 £0 £15,250 £9,814 £0 |
Total Total 2023 2022 £ £ £86,550 £80,447 £25,064 £6,103 |
|---|---|---|
| £98,253 £13,361 0 |
£111,614 £86,550 |
|
| £61,073 £65,913 £50,091 £20,010 NIL NIL £435 £433 £15 £194 |
Approved by the Kirk Session at a meeting on 25 January 2024 and signed on its behalf by Name: John Lynass Name: Tommy McWatters Date 25 January 2024 Date: 25 January 2024
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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 2023
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 and Gifts Gift Aid Loose collections. Recorded Gvs./Bld.Fd/U.A. |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ £24,781 £2,422 £0 £27,203 £26,548 £333 £0 £0 £333 £677 £0 £1,706 £0 £1,706 £7,084 £4,717 £585 £0 £5,302 £5,228 £0 £0 £0 £0 £0 |
|---|---|
| £29,831 £4,713 £0 £34,544 £39,537 |
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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 2023
3. Charitable Activities
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Income: Presbyterian Herald | £0 | £0 | £0 | £0 | £0 |
| Fees from weddings and funerals | £0 | £0 | £0 | £0 | £0 |
| Fundraising events | £0 | £0 | £0 | £0 | £0 |
| Membership fees | £0 | £0 | £0 | £0 | £0 |
| Energy Support Scheme | £1,200 | £0 | £0 | £1,200 | £0 |
| for the year ended 31st D | £1,200 | £0 | £0 | £1,200 | £0 |
4. Other Trading Activities
| Letting of premises Trading Income |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ £11,952 £0 £0 £11,952 £4,849 £0 £0 £0 £0 £0 |
|---|---|
| £11,952 £0 £0 £11,952 £4,849 |
5. Investment Income
| Rents investment properties Other investment income Progressive Fund Interest Bank Interest |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ £80 £0 £0 £80 £86 £155 £0 £0 £155 £162 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 |
|---|---|
| £235 £0 £0 £235 £248 |
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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 2023
6. Other Income
| Insurance claims Other income: IN Memory |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ £0 £11,540 £0 £11,540 £0 £250 £0 £0 £250 £0 |
|---|---|
| £250 £11,540 £0 £11,790 £0 |
7. Raising Funds
| 7. Raising Funds | |
|---|---|
| Fundraising Events FWO envelopes |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ £0 £0 £0 £0 £207 £0 £0 £0 £0 £0 |
| £0 £0 £0 £0 £207 |
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 2023 2022 £ £ £ £ £ £3,037 £0 £0 £3,037 £3,036 £577 £0 £0 £577 £678 £11,236 £0 £0 £11,236 £10,649 £11,851 £0 £11,851 £10,898 £0 £3,830 £0 £3,830 £9,647 £0 £3,401 £0 £3,401 £2,856 £0 £54 £0 £54 £70 £380 £0 £0 £380 £340 |
|---|---|
| £27,081 £7,285 £0 £34,366 £38,174 |
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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 2023
9. Other Expenditure
| 9. Other Expenditure | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Currie P.S. Selection Boxes | £165 | £0 | £0 | £165 | £0 |
| £165 | £0 | £0 | £165 | £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 |
2023 2022 £ £ £0 £0 £0 £0 £0 £0 |
|---|---|
| £0 £0 |
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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 2023
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 £ £ £ £ £ £ £62,993 £43,388 £27,246 £16,142 -£30,972 £48,163 £20,010 £80 £0 £80 £30,000 £50,090 |
|---|---|
| £83,003 £43,468 £27,246 £16,222 -£972 £98,253 |
|
| £2,907 £13,405 £3,401 £10,004 £0 £12,911 £0 £2,848 £3,830 -£982 £982 £0 £0 £0 £0 £0 £0 £0 £14 £0 £54 -£54 £40 £0 £626 £268 £394 -£126 -£50 £450 |
|
| £3,547 £16,521 £7,679 £8,842 £972 £13,361 |
|
| NIL NIL NIL NIL NIL NIL |
|
| Total Funds | £86,550 £59,989 £34,925 £25,064 £0 £111,614 |
| General Investment Fund | Valuation at Start Revaluation Increase Revaluation at End 0 0 0 |
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