Charity Number XT25609 & NI 104613 ort f the Ti'u ees and Fin ncial Stoteinen for the eai. Ended 5 A I'll 2025 for ThePe les rcli N wlowiia
The Peo les Church Newlownabbe Coiilenls of the Financial Statements for the Year Ended S A ril 2025 Page Trustees and Professional AdvisoTS Reptsi'l of the TTUStees Report of Ille Independent Examiner Statement of Financial Activities Balan¢¢ Shecl Notes to the Financiol Stat¢menls 10-14
Tlie Peo les ChLirc Newtownabbe Statement of Finaiicial tivities for the Year Ended 5 A ril 2025 Total fuiids 5.4.25 Total Funds 5.4.24 Notes INCOMING RESOURCES Incoming rcsource$ from gen¢r4led funds Volui)taiy inconie Activities foi. gen21]ng fuiids Investinent income 320,925 976 343,990 1.606 TOTAL INCOMING REI SOURCES 323 475 346781 RbSOURCEIS EXPCI NDED CHARITATJL14 EXPENI)ITURE Costs of geiiei'ating voluntaiy incoine Fuiidiaisiiig trading costs Iiive%lmei)t m41)agenieiil costs Choi'itable cxpcndilui Goveriiance costs 384,196 6,191 368,876 TOTAL RESOURCES EXPENDCI D 390 387 375 355 NEIT (OUTCOINGYINCOMING RF.SOURCCS FOR THE YLIAR (66,912) (28,5741 Total fuiids brought foiword 917962 946 536 Tolil fvnds eari'ied forward £851050 £917962 Tlic slateinenl of financial activities iiiclude5 all gaiiis and10sses I'ecogiii5¢d in the yeai. All in¢omin¥ Ipsources and Irsource5 expei?ded del'iv¢ froin contlllLiing a¢livities and ure iii Unreslriclcd Funds The note$ form part of the financial statements Page 8
Tlie Peo les Chui'cli Newlownabb Balance Sheet 5 A ril 2025 5.4.25 5.4.24 Notes FIXED ASSCTS Tangible assets io 738,615 782,548 CURRENT ASSETS Debioi Ca51i at bank 41,844 96.437 42,644 115224 138,281 CREDITORS Amounts falling due within one year 157,868 12 NET CURRENT ASSETS 112435 135414 TOTAL ASSEI TS LESS CURRCI NT LIABILITIES 851.050 917,962 CREDITORS Amounts fallTng due after Inoi'e than one year NET ASSETS £851050 £917962 THLf FUNDS ofi THL CIIARITY Unii'sli'i¢(cd incoinc funds Designated lunds Otlier cliarilablc funds 851.050 917962 TOTAL CHARITY FUNDS 13 £851050 £917962 Approved by the Trustees on And signed on their behaifby eoi'Ee McKim Triiste4 30 Jull¢ 2026 Tlie notes fonn part of tl)ese financial 5tateinents PagB 9
The Peo le5 Chuieh Newtownabbe Notes to the fiiian¢ial Stat f r Ilie Year Ellded 5 A I'll 2025 ACCOUNTING POLICJES BASIS of preparition The financial stotein¢nts have been prepared under the historieal ¢0st convention and in ae¢oi'dance witli tli¢ Stateinent of Re¢ornmended Piuclice "Aceoiiiiting and Repoitillg by CliarTties" (SORP 2015) and applicable accouiiting slandai'ds. The principal accounting policie5 adopted in the pr¢paration of the finaiicial s121eineiils are Sel out below. Incoming resources Voluntary iiicoine includillg donations, gift aiid l¢¥acies that providc core funding oi. are of o general Iialure ale recoEnised wl)ere there is ¢nliilement, certainly of receipt and the aimount can be measuied will? sufficient reliability. Incoming resources froiii tax ie¢laiins ale reeognised at the siinc time as tlie gift to wl)icl) th¢y ielale. Investment income is I'ecoonised when e1vable. i Xpended i'c50urees Expeiidituir is re¢ogi)i.sed when a liability is incui'red. Governartcc costs incliide costs of Ihc p¥eparalioii aiid exainiiialion of statutoiy accounts, the c051s of truslee niling$ Bnd th¢ costs of uny advice Lo ti'uslees on goveimaii¢e or constitution1 niattei's. Suppoit cosls include cenlrol fuiiclions and l)ave been &lloc#ted lo activity cost ¢ategoi'ies on È basis coiisislcnl with the use of IEsour¢es. eg allocaliiig prt)i)erty oosls by flooi. aie&s, oi. pei, capiia. staff costs by the tiine sp¢nl and otl)er c051s by their usage. All resour¢¢s expended are cla55ified ui)d¢i' activity hcadings that aggi'egale all ¢()%ls relatsd to the calegoiy. Iirccoveioble VAT is chaiged agai115t the cote8OIy of resources expendttd for whicl) il was inciii'r¢d. Tingible flx¢d A55cts Individual fixed 11sscls are c&pitalis¢d al ¢ost oi., if gifted, at the value to the chai'ity al receipt. Depircialioii is provided at the ft>llowing oniiual iales in order to wi'ile off each asset over its estiinated useful life. Pi'operty 20h on cost Fixluirs aiid fillings 2(P/f* 011 cost Motor VLliicle5 200/0 on cost SoLiiid & compulei. equipinent 20Q/o on cost Fund gccountln The nolui'¢ and purpose of each fund is ¢xplained in note 15 to tli¢s¢ financirLI slalem¢nls. VOLUNTARY INCOMZ Total Fuiids 5.4.25 Total Fund5 5.4.24 Offerings aiid d011RtIOllS 320,925 343 990 AcriviTIES FOR GENERATING FUNDS 5.4.25 5.4.24 Bookstall, tapes, dvd's el¢ 976 1,185 976 Page 10
The Peo le$ Cl)urcli Newtownabbe Notes to the Financial Stoteinents for the Year nded 5 A I'll 2025 INVLSTMENT INCOME Total Funds Total Funds 5.4.25 5.4.24 Bank interest receivabl¢ oih¢r iiiteresL Gain on disposal of InvestientS 1,574 1,606 1.606 CHARITABLE ACTIVITIES 5.4.25 5.4.24 Cliurch work Staff costs T)epi'eciatioii (Pi'ofilyLoss 01) disposal of tangible fixed assets Gifts ministry & mission5 Other costs 149,900 43,933 142.441 44.233 (16.100) 39,004 159 298 17.720 172643 384 196 308 876 Gift$ Tl)e following gifts weiE niade dui'ing tho year.. 5.4.25 5.4.24 Vai'i0115 Missions (Gift.8 of botween £1 00 End £2,100) Vi¥itiiig Speukei% & Siiigei'g {gift5 ofbctweeii £17 and £1.300) Miiiislry costs 5,224 1,643 4,595 l Y,320 GOVERNANCE COSTS 5.4.25 5.4.24 Cliarity Coinmission Cliild Pi'otection & r)ther governance costs Ind¢pendeiit cxan)inalion fees Accountancy fee5 1,800 2,400 1,800 2,400 Pagell
The Peo les Church Newlownabbe Notes lo the Financial 8tatenienls for tlie Y ar Ended 5 ril 2025 7. DETAILS OF CEI RTAIN ITEMS OF EXPENDITURE 7.1 Trustee expenses No i'cinuneration was paid to any trustee for services rendered in their capacity a5 a Iruslee. The undernoled trustees of the charity received the following reiniii)er&tion foi. Iindertaking pastoral services during the year.. 5.4.25 5.4.24 G¢oige McKiiii Gross salary Beiiefils in kind 36,018 29.420 25.772 62,565 7.2 Fees for independcnt ¢xllmlnntion of tlie A¢COUlIt& 5.4.25 5.4.24 Independent exaininer's fces foi. repoitiiig on Il)e accounts Accouiitancy fees paid to indepeiidciil exa1in¢l. 2,400 2.400 PAID EMPLOYEES Staff Cost5 5.4,25 5.4.24 Wage5 & salo1.ies Social sccurily Cost. Lif¢ assuraiice & healtlicare Other pcnsion costs 122,673 11,420 6.867 10,036 8,717 149900 142441 Aveiage nuinbci. of full.time equival¢nt employees 11) the yeor 5.4.25 No 5.4.24 No Tlie paits of Ilie ¢hai'ity in wliich Ille employees work Cli81'itable Activities OoveinunL¢ Defined Cohti'ibution peilSIQII sch¢1e Tlie charity Inakes Contributions into individual peiisitsn arrallgeinenls of a money purchase natuiE foi. eligible eimployees. The aniouiits paid 4I1E eliarged to the Stateinent of Financial Activities as tliey becoine du¢. Tli conli'ibulions paid for the year were £8,940 (2024 £8,587). There were no accrued oi. pirpaid cvi)Iributions at eitlier year end. Page 12
The Peo les Church New ownabbB Notes to the financial Stalei)ients for tl) Year Ended 5 A ril 2 25 NET INCOMINC RESOURCES Th¢ net incomiiig resources are staled iftei. charging.. 5.4.25 5.4.24 Depreciation {Profil)/Loss on disposal of tangible fixed assets Staff pension conti'ibutions Independ¢nl Examinei%' remuncration 4J,933 44,233 (16,100) 8,587 8,940 10. TANGIBLE FJXEID ASSCITS Equipinenl & fixtui'es Motor vehiLI¢s Pi'otKty Totals COST: At 6 April 2024 Additions Disposals 862,862 288,853 85,180 1.236.895 Ai 5 Api'il 2025 862 862 288 853 123C).895 Dri PRCCIATION: Al 6 April 2024 Cliai'L)e for yeai. Elin)inated on disposol 147,279 17,257 269,572 9.640 37,496 17,036 454,347 43,933 At 5 April 2025 164 536 279212 498 280 Nf.T IIOOK VALUE: Ai 5 Api'il 2025 698 326 738615 At 5 Api'il 2024 715 583 782 548 DEBTORS: AMOUNTS FALLING DUE WJTHIN ONCI YEAR 5.4.25 5.4.24 Gift Aid recoverable Incoine tax recoverable Oth¢i' dttbiors PIEpayrnents 6.225 27,926 34,059 13,201 Page 13
The Peo le5 ChurGlI Newtownabbe Notes to lie Financi I Statements for the Yeai. Bnded 5 A ril 2025 12. CRII DITORS: AMOUNTS FALLING DUE WITHIN ONE YEI AR 5.4.25 5.4.24 Social secui'ity and othei. taxes Ollier creditors 5,485 4,492 22,454 ANALYSIS OFCHARITABLE FUNDS Analysis of uni'e5trl¢ted funds movements: Balance at 6 Api'il 2024 Iii¢oining ResOUifCS R¢source5 Expend Balance at 5 Api'il 2025 Tiznsfers Geneial Fund 917.962 323 475 390 387 851050 917962 323 475 390.387 851,050 Page 14