NEWINGTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31st December 2024
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 2024
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | £26,142 | £5,099 | £0 | £31,241 | £34,544 |
| Charitable activities | 3 | £0 | £0 | £0 | £0 | £1,200 |
| Other trading activities | 4 | £11,322 | £0 | £0 | £11,322 | £11,952 |
| Investment Income | 5 | £2,132 | £0 | £0 | £2,132 | £235 |
| Other | 6 | £0 | £5,876 | £0 | £5,876 | £11,790 |
| Organisations | £0 | £280 | £0 | £280 | £268 | |
| 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 | £39,596 | £11,255 | £0 | £50,851 | £59,989 | |
| Payments | ||||||
| Raising funds | 7 | £147 | £0 | £0 | £147 | £0 |
| Charitable activities | 8 | £24,922 | £18,640 | £0 | £43,562 | £34,366 |
| Investment costs | £0 | £0 | £0 | £0 | £0 | |
| Other | 9 | £325 | £0 | £0 | £325 | £165 |
| Organisations | £0 | £580 | £0 | £580 | £394 | |
| 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 | £25,394 | £19,220 | £0 | £44,614 | £34,925 | |
| Net receipts / (payments) | £14,202 | -£7,965 | £0 | £6,237 | £25,064 | |
| Transfers between funds | -£858 | £858 | £0 | £0 | £0 | |
| Net movement in funds | £13,344 | -£7,107 | £0 | £6,237 | £25,064 | |
| Funds brought forward | £98,253 | £13,361 | £0 | £111,614 | £86,550 | |
| Funds carried forward | 12 | £111,597 | £6,254 | £0 | £117,851 | £111,614 |
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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 2024
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Funds Reconciliation | |||||
| Bank and Cash at start of year | £98,253 | £13,361 | £0 | £111,614 | £86,550 |
| Net movement in funds | £13,344 | -£7,107 | £0 | £6,237 | £25,064 |
| Bank and Cash at end of year | £111,597 | £6,254 | £0 | £117,851 | £111,614 |
| Bank & Cash Balances | |||||
| Bank Current Account Year 2024 | £65,649 | £61,073 | |||
| Progressive Account | £52,052 | £50,091 | |||
| Cash in Hand | NIL | NIL | |||
| Bank Current A/Cs - Organisation | £148 | £435 | |||
| Cash in Hand - Organisation | £2 | £15 | |||
| Endowment Funds | Sub total Total |
£117,851 £0 £117,851 |
£111,614 £0 £111,614 |
||
| Other Assets | |||||
| Fixed Assets -Note 10 | |||||
| Church Premises | |||||
| Fixtures and Fittings | |||||
| Vehicles | |||||
| Investments - GIF -Note 11 | |||||
| Gift Aid receivable on donations | £5,138 | £5,302 | |||
| Other assets | |||||
| Liabilities | |||||
| Loans | 0 | 0 | |||
| Other liabilities | 0 | 0 |
Approved by the Kirk Session at a meeting on 11th March 2025 and signed on its behalf by
Name: John Lynass Name: William McDowell Date: 11/03/2025 Date: 11/03/2025
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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 2024
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 Recorded Gvs./Bld.Fd/U.A. Loose collections. Donations and Gifts Gift Aid |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £21,340 £3,476 £0 £24,816 £27,203 £122 £0 £0 £122 £333 £50 £1,115 £0 £1,165 £1,706 £4,630 £508 £0 £5,138 £5,302 £0 £0 £0 £0 £0 £26,142 £5,099 £0 £31,241 £34,544 |
|---|---|
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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 2024
3. Charitable Activities
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| 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 | £0 | £0 | £0 | £0 | £1,200 |
| for the year ended 31st D £0 |
£0 | £0 | £0 | £1,200 |
4. Other Trading Activities
| Letting of premises Trading Income |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £11,322 £0 £0 £11,322 £11,952 £0 £0 £0 £0 £0 £11,322 £0 £0 £11,322 £11,952 |
|---|---|
5. Investment Income
| Rents investment properties Other investment income Progressive Fund Interest Bank Interest |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £1,962 £0 £0 £1,962 £80 £170 £0 £0 £170 £155 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £2,132 £0 £0 £2,132 £235 |
|---|---|
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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 2024
6. Other Income
| Insurance claims General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and Charities 7. Raising Funds FWO envelopes Other income: IN Memory Fundraising Events 8. Charitable Activities Property Fund Benevolent Fund Governance Costs |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £0 £5,876 £0 £5,876 £11,540 £0 £0 £0 £0 £250 £0 £5,876 £0 £5,876 £11,790 Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £147 £0 £0 £147 £0 £0 £0 £0 £0 £0 £147 £0 £0 £147 £0 Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ £2,647 £0 £0 £2,647 £3,037 £721 £0 £0 £721 £577 £10,994 £0 £0 £10,994 £11,236 £10,170 £0 £0 £10,170 £11,851 £0 £4,266 £0 £4,266 £3,830 £0 £14,374 £0 £14,374 £3,401 £0 £0 £0 £0 £54 £390 £0 £0 £390 £380 £24,922 £18,640 £0 £43,562 £34,366 |
|---|---|
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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 2024
9. Other Expenditure
| 9. Other Expenditure | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Gift/Selection Boxes | £325 | £0 | £0 | £0 £165 |
|
| £325 | £0 | £0 | £0 £165 |
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 |
2024 2023 £ £ £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 2024
12. Fund Balances
| Restricted Funds Property/Building Mission/Charity Holiday Bible Club Benevolent Organisations Endowment Fund General Fund Progressive Building Society (Name of Fund) Total Funds General Investment Fund Unrestricted Funds |
Balance Receipts Payment Surplus / Transfers Balance at start (Deficit) at end £ £ £ £ £ £ £48,163 £37,634 £25,394 £12,240 -£858 £59,545 £50,090 £1,962 £0 £1,962 £0 £52,052 £98,253 £39,596 £25,394 £14,202 -£858 £111,597 £12,911 £7,530 £14,374 -£6,844 £0 £6,067 £0 £3,445 £4,266 -£821 £858 £37 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £450 £280 £580 -£300 £0 £150 £13,361 £11,255 £19,220 -£7,965 £858 £6,254 NIL NIL NIL NIL NIL NIL £111,614 £50,851 £44,614 £6,237 £0 £117,851 Start Increase at End 0 0 0 |
|---|---|
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