Charity Number XT25609 & NI l(M613 the, ci the
The Peo les Church Newtow Conien for tIL the Financial StAtemet] ear Ended 5 A , Page Trustees and ProfessIotI Advisors Roporl of the Trustees Report of the Independent Examiner Ststemcnl of financial Activiti¢s Bniance She¢t Nol¢8 10 th¢ Fin8noAai Statements 10-14
e Peo les Churd] Newtowna Trnstees and Prof Year End sional AdvisoiE 5 A l'il 2022 TRUSTCI JIS: D Morrison GMcKim P A14ills T M M¢Cui'iy PRINCIPAL OFFICE: 64 Mallusk Road Mallusk Newtownabbey BT364QE CHARITY NUMBEI R.. XT25609 NI 104613 INDEI PENDENT EXAMINER: David Mfirtin 2 Dunb¢al.Ii Grove Blai?tyr¢ G72 OGL BANKEIiS: Danske Bank 42 Trlig]) Stre¢t Antrim BT414AP Pag¢ I
e Peo les chh Newtow lement of F- e Year Ei ancial Activiti d 5 A I'll 2022 or Total Funds 5.4.22 Total Funds 5.4.21 Notes INCOMING RESOURCES Infoming resources fr(>m genernt¢d thnds Voluiitary income Activities for generating funds Investment income 380,359 1,330 86 323,014 1,564 94 TOTAL INCOMINC REI SOURCfi S 381775 324 672 REI SOURcfi S IXPENDJLD CHARITABLCt EXPEI NDITUR Costs of uenerating voluntaiy income Fundr&isin8 trBding Costs Invoslment Inanag¢Jtient costs Charitable expenditure Qoveman¢¢ costs 398,987 9.283 312,495 TOTAL RIISOURCES EXPENDED NLT (OUTGOINGYJNCOMINC RsoURCE S FOR THJP YCI AR Total funds brought ftirward Total funds cAriied fonvard 408 320 895 (26,495) 3,T77 1006 4Q4 1002 627 £979 909 £1 OQ6404 Tl)e srfttcm¢nt of financial activities includcs all gains Rnd10sscs re¢ognised in tli¢ year All incomin¥ resources and rosour¢e$ expended dorive fiK)In continuing Activiti end in Unrestrlcted Funds The not¢s forni part of these financial statements Page 8
Thep Church Newlowna Balance She A ril 2022 5.4.22 5.4.21 FIXED ASSETS Tangible assets Not¢s 10 834,769 CURRENT ASSETS Debiors Cash at baok 803,815 16,370 147566 6,343 313356 CREDITOIiS Amounts falliTJg due within one year NET CURREI NT ASSETS 163,936 319,699 12 117 110 145 140 202 589 TOTAL A&SlI TS tLI SS CURRfi NT LIABILITIEI S 979.909 CREDITORS Amounts r?Iling duc aftei'rnor¢ thail one year I,OOQ404 NET ASSETS £979 909 £1006 404 THLI FUNDS OF THEI CHARITY UnirsLricled in¢oine fuuds Desi10t¢d fuhd$ Oth¢i' chui'itable funds 979 9(J9 1006 404 TOTAL CHARITY FUNDS 13 £979 909 £1006 404 Appi'oved by the Tr.us(ees on And sisnod on their behalf by Geoise M¢Kim Th¢ notes form part of these financial Slaleincnts Page 9
ePe les chUh N Note o the Financial State]lle EttdBd 5 A 112 Accouf4TING POLICIES Basis of prepratio The financial stoteJneJJts have been pr¢pared under the histori cost ¢onvention and in aOrdanCe with the siatelent of Recoininend¢d Practice "A¢counting and Reporting by Charitie8 (SORP 2015) and applicp4bl¢ accounting staudards. The pi'incipal accounting policies adopted in the prepaTation of thc financi&i stttteillents are s¢t out b¢low. Ineomln&F resourees Voluntary In¢ iiioluding donations gift and legacies that pi'ovide core funding or gIE of a general naluiy ai recognised where I1)e is entitlemen( certainty of re¢¢ipt and th¢ ainount can be measured with sufficient reliability. Incoming resources froin tax reclaim$ are recognised at the satne time as th¢ gift to whi¢h they relate. Investn)ent in¢ome 1$ i'ecognised when iweivable, ExpoTrded r¢50ur¢¢s xpenditui'e is Te¢ognis¢d wh¢n a liebility 18 In¢u¢d. Governance costs include costs of the prepar8tion ond exainination Dr statiitory accounts, d)c costs of Ii'ustee Ineetings and the costs of any advi¢e to Iruste¢s on govei'nan¢e or constitutional Inalter8. Support eoyLs include central fiinctions and l)ave b¢en allocated lo a¢livity cost catcgoi'ies on a basis consislenl will) the u90 of r¢sources. eg allocating property costs by floor areas, or per apita, staft costs by the time spent and other ¢osts by d)eir usage. All r¢source3 exp¢nded are classified undei. aclivity l)cadiiw that aggregate all costs related to the¢ategory. Ir1rver8ble VATi8 ci)arged ag4inst th¢ cate80ry of Irsources ¢xpended.Foi' which it ii)eiirird. T8nglblo flxed hssots Individual fixed assets aro capilalis¢d at cost or, if gifted. the value to the charity at reccipl. DopiEcialion 18 provid at th¢ following annual ixte8 in orderto writ¢ off ead) asset over its estimated useful life. Propei'ty 20/• on cijst FixluiE8 and fittings - 20Yo on ¢ost Motor veliicle8 - 200/0 on cost Sound & computer equipment - 209h on cost
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Tl)¢ nature and purpo8e of each fund 18 explained in note 15 to Ih¢se flnBnci&l slotements, VOLUNTARY INCOMIC Total Funds 5.4.22 Total blinds 5.4.21 Offei'in85 ond oonalions 380 359 323 014 ACTIVITlfi S FOR CENJfjRATINC FUNDS 5.4.22 5.4.21 Dookstall, tapes, dvd's etc PaEe 10
Peo les Cliurch wl nabbe ot¢s to the Fiiiaiicial Siatsinet]t for th Ytrar ded 5 A ril 2022 INVESTITrILI NT INCOME Total Fund$ Total Funds 5.4.22 5.4.21 BAnk interest receivable Od)¢r iiitelst Gllin on disposal of investments 86 86 94 CHARITA]JLE ACTIVITIES 5.4,22 5.4.21 ClINrch work Staff cosls Depreeial'iorj (Profit'yLos$ on disposal oftangibl¢ fixed assets Gifis ministsy & missions Other costs 142,827 47,248 138,995 32,277 1,154 22,791 117278 32,115 176797 398 987 312495 Glfts The following gifts were mad¢ during tlie yw: 5.4.22 5.4,21 Various Missions (Gifts of between £250 and £550) Vi$itii)g speake & Sin801's {8ifts of bdweon £20 £2.500) Ministy costs 1.147 23.830 1.168 18,572 GOVERNANCEI COSTS 5.4.22 5.421 Charity Commission aiild PIDlwlion & other gov¢m£tnce c08ts Ind¢pcJ?d¢n(' examination fees Accountancy fee$ 4,320 2,400 4,J20 2.400 Pagell
The Peo roh Newtownabbe tes o the Financial r the Yeai. Ende 5A ri12 7. DEI TAILS OF CERTAIN ITEMS OF EXPJINDITURJI Trustse expen8eS No remuneration w&5 paid to any ttustee for Servic r¢nd¢red ii) theii. c&pacity L8 & try8tee. Tl?e undemoted trustees of the charity kr¢¢iv¢d the following remuneration f. undertaking pastoral services during the yeRr'_ 5.4.22 5.4.21 George McKym GIY)$s salaiy BenefilB in kiT]d 29,804 29,242 7.2 Fees for Independent ¢xamlnRtkbn of the 4¢eounts 5.4.22 5.4.21 Indei)¢ndenl exaininei"8 fres for reporting on Ilie aceounls A¢countsiicy fres paid lo indcpendelit 8xainii)¢r 2,4Crf) 2,400 PAID EMPLOYEI LS Staff Costs 5.4.22 5A.21 Wag¢s & salaries Social security Costs Life a¥sw'4nce & h¢olihcnre 01.her pension costs IllJ90 10.175 5,812 103,411 10,728 5,797 142 827 138 995 Average nvmber of full-tiine 4uivalent employ¢o$ in tl)e year 5.4.22 No 5,4.21 The parts of the chaj'ity in which the einployees wo Charitsble Activities Govem4iice 8.3 D¢fin¢d conli'ibution pension Scheme The charity makes contributions into individual pension atraiigemenls of a moncy purchase naluro for eligible employees, The amounts paid are cl)arged to the Statement of Finan¢ial Activities as they become du¢. The contributions paid ford)¢ year were £15,450 {2021- £19,059). Thoro accrned or prepaid contt'ibutions at eitl)eryesLr end. Page 12
The P les Cht]rd] Newt Notes to the fiiiancial tatsinttftts foi. the Y i- Elided A .11 2022 NET INCOMING RESOURCES Th¢ net inco]Ming iYJsouThs are stat¢d aft¢rcliarging: 5.4.22 5.4.21 DqMEciation {Profit)/Loss on disposal (Trf tsngible fixed assets Staff peiision contributions ndependertt Examiner8. Irmunejation 45,293 32,277 1,154 19.059 15,450 10. TANGIBLE FIXILD ASS£1 TS Property Equipinent & fixlLu'es Motor vehicles Tothis COST: A(6 April 2021 Additions Disposals 861862 240,651 48202 54,550 30,000 1,158.063 78202 At 5 April 2022 862 862 288 853 1236 265 DEPREI CIATION: At 6 Api'il 2021 Churge for ye&r Eliininated on dispo1 95,507 17257 235,051 13,081 23,690 16,910 354,248 47,248 Al 5 April 2022 248 132 401496 NET BOOK VALUE: At 5 April 2022 750 098 834 769 At S April 2LY21 767 355 803 815 DEBTORS: AMOUNTS FALLING DUL WITHIN ONE YEAR 5.4.22 5.4.21 Gift Aid re¢oveJxble rncorne lax recoveruble Ot]ier d¢bi'oi Prepayments 15,000 5.0(K) Pag¢ 13
Peo Ch ch Newtownab Notes to tlie finaiicial for ih Year Ende ta( onts 022 12. CREDITORS.. AMOUNTS FALLING DUE WITHIN 014E YKAR 5.422 5.4.21 Soctal secui'ity and other taxos Other cieditot3 4,421 0,843 110 117 110 13. ANALYSIS OF CHARITABLEI FUNDS An*lysts of unrtstricted thTrd$ movem¢nt$". Balanee al 6 Api'il 2021 Incoming Resouiw Re80urces Expended Balance al 5 April 2022 Tr$fel General Fund 006 404 408 270 979 909 1006 404 408 270 Page 14