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. Newtom￿abbeY 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
GiVIn￿TIlhing-
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 Tn￿5 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 Un￿S￿leted FuDds b¢ mailltsined at a le￿1 whieh equatrs to approxin￿llY three
month's unyeslricted eXp￿lt￿e. At this level in the eve￿ of a significant drop in fi￿di￿ & Tn￿teeS 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 I￿S 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 mI￿10n5, 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 fina￿1ally 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￿ statern￿ts 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 ¢P￿rity f(Tthatperio& InprepaTiDg db)se fmancial stslemenl& thetrustees are required
to
Select suitable aCcO￿ting 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 t￿Stee$ 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 incu￿ed.
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 Ne￿Ownabb¢
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