Charity Number XT25609 & NI 104613 rt of the Truslees and Financial Statements for the Year Ended 5 A ril 2024 for The Peo les Church Newtownabbe
The Peo les Church Newtownabbe Conlenls of the Financial Statements for the Year Ended 5 A ril 2024 Page Trustees and Professional Advisors Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Ststements 10-14
The Peo les Church Newtownabbe Trustees and Professional Advisors for the Year Ended 5 A ri12024 TRUSTEES: D Morrison G McKim P A Hills T M Mccurry PRINCIPAL OFFICE: 64 Mallusk Road Mallusk Newlommabbey BT36 4QE CHARITY NUMBER: XT25609 NI 104613 INDEPE]YDENT EXAMINER: David Martln 2 Dunbeath Grove Blantyre G72 OGL BANKERS: Danske Bank 42 High Street Antrim BT414AP Page I
The Peo les Church Nemtownabbe Re rt of the Trustees for the Year Ended 5 A ri12024 The Trustees are pleased to present their report with the financial statements of the charity foi the year ended 5 April 2024. STRUCTURE, GOVERNANCE AND MANGEMENT Governing Doeument The Peoples Church, Newtownabbey is a Trusi created by a Trust Deed dated 6 June 2011. It is registered as a charity with the Northern Ireland Charities Commission and with HM Revenue & Customs. Organisation The Board of Trustees responsible for the management and administration of the Church's property and funds. The minimum number of truslees is three individuals but there is no maximum, The spiritual leadership of the Church shall rest with the elders. The Church has three elders. Pastor George McKim. Pastor Tommy Braiden and Pastor John Thompson and they shall appoint successors. The Trustees who served during the year and up to the date of signature of the financial statements were Rev P A Hills, Rev G McKim, Rev D Morrison and Rev T M Mccuny. Appointment of Trustees As set out in the Trust Deed, the Pastors or other dul). constituted governing body having oversight of the Church (th¢ Oversight). may appoint a Trustee or Trustees by resolution al a meeting of the said Oversight. However, if the number of Trustees is less than three and the Oversight Fias ceased to function, then the last surviving Trustee may act for the purpose of appointing a new Trustee or Truslees. Induction and training of Truslees New Truslees undergo an induction day to brief them on their legal obligations under charity law, the content of the Trust Deed and decision-making process. They will meet key employees. Trustees are encouraged to attend external training events where these will be of benefit to their role. Organisational Struelure Decisions affecting aspects of the work that have a nalional impact are made by the Board of Trustees. Pastor George McKim. in his role as Senior Pastor. in responsible for overseeing the Charit) s work on a day to day basis and take the necessary action to implement Board decisions. The Board of Trustees. ordinarily meet two times in each calendar year. Remuneration of the key management personnel is approved by the Trustees and is reviewed annually and nonnally adjusted in accordance with average earnings. The Trustees benchmark the key management personnel pay against pay levels in other charities of similar size and activity to ensure that the remuneration set is fair and appropriaie. Details of remunerdtion paid to key management persoTJnel is provided in Nole 7 ORJECTIVES AND ACTIVITIES The Charity Trustees believe they have complied with their duty in Section 17(5) of the Charrties Act 201 I to have due regard to Public Benefit guidance by the Charity Commission and have taken account of it in planning future activities. The Objectives are contained in the Trust Iked apd are as follows: To adN'ance the Christian faith, to relieve sickne55 and financial hardship, promote and preserve good health, and to advance education and such other charitable purposes as the trustees determine all in accordance with the Sialement of Beliefs. The aims of the Church, as a Christ Centered and People Friendly Church, are to w'orship God and His Son and to preach the Gospel in word and in action. The Church holds four main weekly services and continues to be involved in Outreach Mtntstries within the local community, reaching all age groups. The Church also sUPPOrts home and foreign missions. Page 2
The Peo les Church Newtownabbe rt of the Trustees for the Year Ended 5 A ri12024 How our activities deliver public benefit In the year under review. the activities of The Peoples Church. NewtomabbeY continue to focus on specific. identifiable sections of the public. The primary beneficiaries are those seeking spiritual or pastoral care, investigating the Christian faith or developing their journey in the Chrisiian faith. Olher beneficiaries include families of individuals who attend the various ministries and services in the Church building. communities in which the charity works and the gen¢ral public who reap the benefit of our work. The local services of The Peoples Church. Newtownabbey are open to all people regardless of colour, gender. age or religion. It is generally recognised that one of the major problems in the UK affecting young people is anti-social behaviour. The consequences of this for society are many. Street crime, drug relaied health problems. increased policing costs, drug related crime, increased prison populations. social costs in trdumas suffered by those who are burgled, &ssaulted or otherwise subjected to the consequential effecis of criminal behaviour. The Peoples Church, Newtownabbey works with children and young people as well as people of all ages in its prevention and intervention activities. The scope of aclivities thal The Peoples Church. Newiownabbey is able to engage in lo fulfil its objectives is obviously limited by its available resources. However, it is clear that there is enomious public benefit in the charity carrying out its activities to achieve ils staled objectives. Ensuring our work achieves our aims Our aims, objectives and activitie5 are reviewed at our regular meetings of the Pastors and Board of Trustees. These reviews cover every aspect of the charity's work and also help us ensure our aims, objectives and activities rematn focused on our stated purposes. The Board of Trustees continue lo rely upon the guidance contained in the Charity Commission for Northern Ireland's general guidance on public benefit when reviewing our ailns and objectives and in planning our future activities. In parricular, the Trustees consider how planned activities will contribute to the aims and objectives contained in the Trust Deed. The objectives of the charity are achieved through outreach work, Church services and ministries and in other appropriale ways. Performance Measures The Peoples Church. Nemtownabbey ministy programs are successful in helping individuals in many significant and, indeed. life changing ways. We measure this by assessing key perforniance indicators (KPIS) that we collect, analyse, and report. Performance indicators help The Peoples Church, Newtownabbey promote spiritual and pastoral care to members and others in the wider community. In order to do this the Trustees regularly consider the following measures in order to develop an approach to measuring perfonnance of The Peoples Church, Newtownabbey deliver), of care to others. Structural Measures: Structural quality measures refer to the features of The Peoples Church, Newtownabbey that determine its capacity to provide spiritual care, such as the existence of an electronic records system or the ratio of pastoral care and support staff io members attending across all our ministries. Page 3
The Peo les Church Nemiownabbe ort of ihe Trustees for the Year Ended 5 A ri12024 Process Measures: Process measures are used to assess how well spiritual and pastoral care is provided to an individual or societal group. These recommendation5 are based on research evidence or consensus {i.e., the views of experts when the research evidence 15 lacking or inconclusive) regarding ihe probability that providing particular services will achieve the desired outcomes. Generally, process measures are expressed as rates, with the denominator defining a population that is of interest because of its demographic and clinical condition, and the numerator defining the subgroup receiving specific services. Process measures are particularly important in the development of perfonnance measures because they can be used to identify specific areas of spiritual or pastordl care that may need improv¢ment. For example. tf crime or antisocial behaviour is Rncre&sing in the communit). amongst young people. additional spectfic youth groups or events could be initiated in an effort to reverse the trend. If it is identified that individuals are struggling with debt. depression or similar issues it may be necessary to offer particular discipleship Courses. Moreover, the dala to calculate process measures often an be obtained as part of an administrative data system thal includes infornlation on members, dates and types of, and engagement wilh, services. Outcome Measures: These measures generdlly are used to evaluate the slale of an individual's spiritual health and wellbeing resulting from the services provided. Attributing improved studenl outcomes to the Charity's specific actions can sometimes be difficult because outcome measures of quality reflect the cumulative impact of multiple factors such as the timelines5 of services and the appropriateness of the type. Outcomes also are influenced by factors thai depend on the individuals themselves and are outside the Church care systems. Access Measures: Access measures assess the extent to which a person who needs care and services is able to receive them. While KPI data may differ between ministries. Ihey generdlly include the following: Number of visitors attending for the first time. Frequency of attendance; Number of professions of faith in Christ. Number of Baptisms GiVInTIlhing- Successful completion of disctpleship programs. No of withdrawalslresignations from Church membership: Percentage of attendees involved in ministy and serving within the l(Kal church ministries. KPI data is collected, analysed, and evaluated on an ongoing basis to ensure The Peoples Church identifies trends and the effect of service. Paramei¢r changes on outcomes are identified in a tRmely manner. Reports are communicated to all Trustees. During the year under review it was necessary io comply with the restrictions placed upon public gatherings due to the Covid-19 pandemic. This meant closing the church building for a number of months and eventually the leadership being able to conduct socially distanced services in the church car park. During the year the Trustees are satisfied with the reported results in each of the perfomance indicators which they identify as key. Whilst satisfied that these measures have been achieved throughout the year there were changes implemented to ensure the health and safety of all members and attendees to the church. KPI'S will continue ro Serve as a quality assurance iool for The Peoples Church, Newtownabbey. The infornlation they provide helps us promote care that is accessible, service-driven, cost-effective. evidence-based, and results-focused. Page 4
The Peo les Church Newtownabbe rt of the Truslees for the Year Ended 5 A ril 2024 Risk management The trustees have assessed the major risks to which the charity is exposed, in particular those related to ihe operdtions and finances of the charity and are satisfied thai systems are in place to mitigate our exposure lo the major risks. Financial reports are prepared each month for the trustees which compare actual results againsl targ¢ls set for the curreni month ?nd year to dale. Analysis of non-financial hazards arising from the undertaking of the H'ork of The Peoples Church, Newtownabbey is done at a local level in line M-ith The Peoples Church. Newtownabbey's health and safety policy. Such assessmenl. and Ihe control measures resuliing from it, is monilored through annual external health and safety consultant audit and internal inspection and superyision arrangements. Grant Making Policy The Church makes granls from its income to individuals and organisations that are generally known to the Trustees and the Church. The beneficiaries are involved in activities or ministries compatible with ihe Church's objectives. Performance Highlights The year under review 'aS impacted due to re-establishing ministries arising from the restrictions that were in place as a result ofthe Covid-19 pandemic. Hence Ihe church met in person on Sunda!. morning's and on the second Sunday evening of the month. The Bible Study on a Wednesda), evening 'aS also resumed with the Monday night "Call io prayer" continuing to be online on social media. At the People5 Church Newtownabbey ("PCN"), we have a desire to continually preach the gospel, reaching the lost in our district for Jesus, extending His kingdom 'ork in our area. During 20?3-24 we coniinued as a fellowship to have a desir¢ in our hearts to worship the Lord passionalely, to grow Spiriiually and io walk fervently in the plans and purposes He has for us as a Church and as individuals. Also the congregaiioT] continues to build good relationships through fellowship in our hospitality, connectin& forming friendships and partnering togeiher in the work of the ministy. The Church'5 Leadership remain grateful lo ihe faithful giving of church members and regular attenders who give week by week for the ongoing work and ministy of PCN. We continue to prdy that God will bless all aspecis of the ministry as we seek His direction in all that we do for His Kingdom. PCN has been privileged to tremendous link various community, gmups M'ith other churches in the Ne'toWnabbeY area. Pastors attend monthly prayer breakfasts wilh other ministers from our community- There 15 also a monthly m¢eling to update on Christian events in which PCN can take pan in. We coniinue lo celebrate special times of ihe year such a5 Father's Day, Mother's Day. Easter, Christmas and Hogmanay by holding special services. We have been blessed to see many saved, baptised and lives trdnsfonned by the grace and goodness of God. Pastor George continues lo sit on the Board of Teen Challenge UK. Also during the year Pastor George was appointed Chaplain lo the local Council for the year by the mayor. The Peoples Church Newtownabbey consiantly looks for opponunilies to reach out into our community and in doing so have helped a variety of charities over the year. Thank you lo our entire congregation for their continued support for all these worth). causes. Many labour week after week in serving and looking after God's house and God's people. It can often go unnoticed bul is of great value to the Church. The Leadership appreciate the willingness of people serving for Chrisi's sake and His glory. Without the congregation we would fall short: but thank you one and all for your faithfulness to the work. I Corinthians 15.'58 (NLT) So, my dear brothers and sisters. be strong and immovable. Always work enihusiastically for ihe Lord, for you know that nothing you do for ihe Lord is ever useless. Financial Review The deficit for the year was £28.574 (20?3 - deficit - £33.373) and this has been trdnsferred to other charitsble funds. At 5 April 2024, the Church had iotal funds of £917.962 (2023 - £946:5J6). Page 5
rtof Investment powers and policy Under the Trust Deed th¢ Church Iw the power to invest in any way the Tn5 wisIL The Tn have considered the most appropriate policy for investillg funds and have found that the current mix of Term Deposits and InstaDt Access Accounts provides the quired secw7ty and flexibility neede¢i Reserveg poKcy It is the policy of the Chllrch that UnSleted FuDds b¢ mailltsined at a le1 whieh equatrs to approxinllY three month's unyeslricted eXplte. At this level in the eve of a significant drop in fidi & TnteeS are of the opinion that the Church's activities could be maintsined whilst addressing the mattr of raising additional fimds. Per the Statement of Financial kntivities on pagc 8. the General Fwid at 5 AprAi 2024 amounkd to £917962 (2023 - £946.536) which exceeded the required level. Covid-19 It IS been to retwn to "in.puson- n)eetings OD a Sunday morning and on a Weththy evening 8g8its Looking fo& it be Wonderf to see other guest speakers and minikn that wc bave been blessed to support return to update us on the progress of their ministrw ovtr the last couple of ycats. With Church members maints1 an encomgin8 kvel of giviDg the Trustees k]ieve that the ChutcR4 Th7th its level of wwestricted reserves at 05 Apsil 2024. h&$ 2dequa* resourL%S to througb Covid.19 and eontitiue its varied aThl imp)rtanl ministries. PLANS FOR FiryURE PERIODS The Trustees intend that over th¢ next two years the Gharity will coDtinue its cutrent rnn8e of mI10n5, ministiies and activities whilst being ever Milldf of new opportunities for spreathg God's Word through d¢eds aud actions. particular the Tntstee5 will continw to ll1d a solid foundation bLxh spiritually and fina1ally to enable th¢ Church to grow and expand. TRusfEES' RESPONSIBILITILS IN REIATION TO THE FINANCIAL STATEMEiYT3 The ¢han'ty trustees are reswn5ibl¢ f(T preparing a annulll report and financ staternts in accordonce with appb'cable law and United KJn8doni Accounting Standards (United Kingdom Ge]rallY A(Axpt¢d Awowttin8 Pwtice). The law awlicable to cknilies in Northern Ireland requires the clwity truste49 to prqwe financial stattments for e8ch yeaTwhich give a true andfair view of the slate of afiairs ofthe charity atthe end of the year and of the incomingresources and application of resource% ofthe ¢Prity f(Tthatperio& InprepaTiDg db)se fmancial stslemenl& thetrustees are required to Select suitable aCcOting policies and then appty them ¢ODSiStently' Make judgements and estimates that are reasonable gnd prudent: Prepare the fmancial statements oo the going concern b&sis wlless it is inappropziote to presume that the charity will continue tts activities. The Trustecs are responsible for ensuringthat accounting recorfs a kwt in respect ofthe ¢harAty wlll'Gh are sufficient to show &Jid explain the transactions of the cFwity and which a) dis¢lose at airy time, the financial position of the c]wity at that time: and b) ellablv them to cosure that any ststenmit of aGcourt FTepRred wmplics vlith th¢ fftiuirements of relevant regulations. The accountin8 rerords slwll in particu]ar contain a) etitries shoThiDg from day to day all sums of money recetved and expended by the ¢knity. and the matters i respect of which the rettipt and expenditure takes place. and b) a ffcord of thc assets and liabilities of the clwity. ON BEHALF OF THE TRUSTEES: Page 6
The Peo les Church Newtownabbe Inde endent Examiner's Re rt to the Trustees of The Peo les Church Newtownabbe I report on the financial statements of The Peoples Church. Newtownabbey for the year ended 5 April 2024 which are set out on pages eight to twelve. Respeetive responsibilities of Tru51ees and Independent Examiners The Trustees are responsible for the preparation of the Trusiees, Annual Report and the financial statements in accordance with the Chariiies Act (Northern Ireland) 2008. the Stalement of Recommended Praciice "Accounting and Reporting by Charities" (SORP 2015) and United Kingdom Accounting Standards. The charity's Trustees consider that no audit requirement applies. It is my respoT]sibility to: examine the accounts under section 65 of the Charities Act follow the pr()cedures laid down in the general Directions given by the Charity Commission for Northern IrelaT]d under section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of Independent Examiners, Statement I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the generdl Directions given by the Charity Commission for Northern Ireland under section 65(9Xb) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. Ii also included consideration of any unusual items or disclosures in the accounts. and seeking explanations from you &s charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause io believe: That accounting records were not kept as required by section 63 of the Charities Act 2. That the accounts do not accord wilh rhose accounting records That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further inforniation needed for a proper understanding of the account5 to be reached, Independent Examiner's Statement Since }'our charity's gross income exceeded £250,0 vour examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of The Association of Chartered Certified Accountants which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters ( l ) to (4) al)ove and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your atlention. David Martin F 2 Dunbeath Grove BlantyTe G72 OGL Dated: 31 2()z Page 7
The Peo les Church Newtownabbe Statement of Financial Activities for the Year Ended 5 A ri12024 Total Funds 5.4.24 Total Funds 5.4.23 Notes INCOMING RESOURCES Ineoming resources from generated funds Voluntary income Activities for generating funds Investment income 343.990 361,846 1,077 453 1,606 TOTAL INCOMING RESOURCES 346.781 363,376 RESOURCES EXPENDED CHARITABLE EXPENDITURE Costs of oenerdting voluntary income Fundraising trading costs Investment management costs Charitable expenditure Governance costs 368,876 6,479 389,634 7,115 TOTAL RESOURCES EXPENDED 375.355 396.749 NET (OUTGOING}llNCOMING RESOURCES FOR THE YEAR (28.574) {33.373) Total funds brought fonvard 946,536 979.909 Total funds carried forward £917,962 £946,536 The statement of financial actkvities includes all gains and losses recognised in th¢ year All incoming resources and resources expended derive from continuing activities and are in Unrestricted Funds The notes fonn pan of these financial statements. Page 8
ril 2024 5.4.24 5.4.23 FIXKD A&SETS Tangible assets io 781548 789.101 CURRENT ASs[s 41644 Il5 17.lJ)8 161 C&sh at bank 157.868 178.353 Amounts falling th thIn 12 135 414 157435 917.902 946J36 Amounts faUiDg 8fterm(ffe one year NET A&SETS Unrestricted income fimds Desi8nated fimds Ot1 ¢lwitable fll 13 £946.536 AMYoved lry the Trnste¢s OD 31 20 2ts- George MCKI Page 9
The Peo les Church Newtownab Notes to th¢ Financial Statements for the Year Ended 5 A ril 2024 ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2015) and applicable accounting standards. The principal accounting policies adopted in the preparaiion of ihe financial statements are set oui below. Incoming resources Voluntary income including donations, gift and legacies that provide core funding or are of a general nature are recognised where there is entiilement. certainty of receipt and the amount can be measured with sufficient reliability. Incoming resources from tax reclaims ar¢ r¢cognised at the same lime as the gift io which they relate. Investment income 15 recognised when receivable. Expended resources Expenditure is recognised when a liabilTty' is incurred. Governance costs include costs of the preparalion and examinaiion of slatulory accounts, the costs of trustee meeiing5 and the costs of any advice to tStee$ on governance or constitutional matters. Support COSIS include central functions and have been allocaled to activity cost categories on a basis consislent with the use of resources, eg allocating property costs by floor areas, or per capita, 51aff costs by the time spent and other costs by their usage. All resources expended are classified under activity headings that aggregate all cosis related io the caiegor),. Irrecoverable VA T is charged against the category of resources expended for which it was incued. Tangible fixed assets Individual fixed assets are capiialised at cosl or, if gifted, at the value to the charity at receipt. Depreciation is provided at the following annual rdies in order to 14Tlte off each asset over its estimated useful life. Property 20/0 on cost Fixlures and fittings 200/0 on cosi Motor vehicles 20/0 on cost Sound & computer equipmeni - 20 /0 on cost Fund accounting The nature and purpose of each fund is explained in note 15 to ihese financial statements. VOLUNTARY INCOME Total Funds 5.4.24 Total Funds 5.4.23 Offerings and donations 343,990 361,846 ACTIVITIES FOR GENERATING FUNDS 5.4.24 5.4.23 Bookstall, tapes, dvd's etc 1,185 .077 1,077 Page 10
The Peo les Church NeOwnabb¢ Notes to the Financial Siaiemenls for the Year Ended 5 A ril ?024 INVESTMENT INCOME Total Funds Total Funds 5.4.24 5.4.23 Bank interest receivable her interest Gain on disposal of investments 1,606 453 1,606 453 CHARITABLE ACTIVITIES 5.4.24 5.4.?3 Church work Staff cosis Depreciation (Profii)/Loss on disposal of tangible fixed assets Gifts ministy & missions Other costs 142.441 44,233 (16.100) 39.004 159.298 138.370 45,668 44,141 161,455 368,876 389,634 Gifts The following gifts were made during the year: 5.4.24 5.4.23 Various Missions (Gifts of between £100 and £2,100) Visiting Speakers & Singers (gifts of between £17 and £1.300) Ministry cosls 4,595 19.320 15,090 2,328 17,599 39.004 44,141 GOVERNANCE COSTS 5.4.24 5.4.23 Charity Commission Child Protection & other governance cosls Independent examination fees Accountancy fees 1.800 2,400 2,279 1,830 2,400 2,885 6,479 7.115 Page 11
The Peo les Church Newtownabbe Notes to the Financial Statements for the Year Ended 5 A ri12024 DETAILS OF CERTAIN ITEMS OF EXPENDITURE Truslee expenses No remuneration was paid to any trustee for services rendered in thelr capacity as a trustee. The undernoted trustees of the charity received the following remunerdtion for undertaking pastoral services during the year'_ 5.4.24 5.4.23 George McKim - Gross salary Benefits in kind 29,420 ?5,772 27,934 24,214 55,192 52,148 Fees for independent examination of the accounts 5.4.24 5.4.23 Independent examiner's fees for reporting on the accounts Accountancy fees paid to independent examiner 2,400 2,400 2,400 2,400 PAID EMPLOYEES Stsff Costs 5.4.24 5.4.23 Wages & salaries Social securit), costs Life assurance & healthcare Other pension costs 115,101 10,036 8,717 8.587 10,317 9.697 5,878 12,478 142,441 138,370 Average number of full-time equivalent employees in the year 5.4.24 5.4.23 No The parts of the charity in which the emplo>'ee5 work Charitable Activitie5 Governance Defined contribution p¢nsion scheme The charity makes contributions tnto individual pension arrangements of a money purchase nature for eligible employees. The amounts paid are charged to the Statement of Financial Activities as they become due. The contributions paid for the year were £8.587 (2023 - £12,478). There were no accrued or prepaid contributions at either year end. Page 12
The Peo les Church Newlownabbe Notes lo the Financial Statements for the Year Ended 5 A ril 2024 NET INCOMING RESOURCES The net incoming resources ar¢ stated after charging.. 5.4.24 5.4.23 Depreciation (Profil)/Loss on disposal of tangible fixed assets Staff pension coniributions Independent Examiners. remuneration 44,233 (16,100) 8,587 2.41)0 45,668 12,478 2,400 10. TANGIBLE FIXED ASSETS Equipment & fixtures Motor vehicles Property Totals COST: At 6 April 2023 Additions Disposals 862,862 288.853 84,550 41,080 40,450) 1,236,?65 41,080 40,450) At 5 April 2024 86? 862 288,853 85.180 1.236,895 DEPRECIATION: At 6 April 2023 Charge for year Eliminaled on disposal 130,022 17,257 259.632 9,940 57,510 17.036 (37,050) 447,164 44,233 (37,050) At 5 April 2024 147,279 269.572 37,496 454,347 NET BOOK VALUE: Ar 5 April 2024 715.583 19.281 47,684 782,548 At 5 April 2023 29.221 27,040 789,101 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Gift Aid recoverable Income lax recoverable Other debiors Prepayments 27,926 15.655 13,201 1,517 1,353 42,644 17,008 Page 13
The Peo les Church Newtownabbe Notes io the Financial Statements for the Year Ended 5 A ril 2024 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Social security and other laxes Other Creditors 4,492 17,962 4,164 16,754 22,454 20,918 13. ANALYSIS OF CHARITABLE FUNDS Analysis of unrestrieled funds movements: Balance at 6 April 2023 Incoming Resources Resources Expended Balance at 5 April 2024 Transfers Generdl Fund 946,536 346,781 (375,355 917,962 946.536 346.781 375.355) 917.962 Page 14
The Peo les Church Newtownabbe Detailed Statement of Financial Activities for the Year Ended 5 A ri12024 5.4.24 5.4.23 Income Offerings & donations Bookstall, iapes & ticket sales Bank interest receivable Other interest Gain on disposal of investments 343,990 1.185 1,606 361,846 .077 453 346,781 363,376 Charitable expenditure Wages Insurance Light and heat Telephone Post and staiionery Media & computer expenses Motor & travel expenses Church maintenance Household & cleaning Gifts & Missions Minislry costs Youth work, crèche & Sunday school Sundry expenses Legal & professional fees Depreciation of tangible fixed assets (Profii}i Loss on disposal of thngible fixed assets 142.441 4.284 28.332 8,597 1,911 12,815 34.579 38,946 15,487 23,914 15,090 138.370 6.320 28,358 7,635 1,821 10,410 34,801 44,812 12,638 26,542 17,599 5,607 4,121 4.195 45,667 5,980 241 44,233 (16,100) 368,098 388,897 Governance costs Wages & salaries Governance Costs Independent examination fees Accountancy fees 1.800 2,400 2.279 1.830 2,400 2,885 6,479 7,115 Interesi payable Fund management fees Bank charges 778 737 778 737 NET (OUTGOING)IINCOMING RESOURCES 28,574) (33,373 This page does noi forni part of the financial slatements Page 15