## _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**| 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 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 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 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| 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 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| 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 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| 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 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**| Page -6- ## **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**| Page -7-