Newmllls Presbyterlan (Iveagh)
Trustees, report and financlal statements
for the year ended 31 December 2022
Charity number NIC104921

Newmllls Presbyterian (Iveagh)
Contents
Page
Independent Exarninegs Report
Statement of Financial Activities
Balance sheet
Notes to the fmancial statements

Independent examiner'5 report to the members of
Newmills Presbyterian (Iveagh)
I report on the accounts of the for the for the year ended 31 December 20?2, which are set out on the pages
following this report.
Respective responsibiIities of and examiner
As th¢ charity's trustees you are rcsponsible for the preparation of the accounts in accordance with the
requirements of the Charities Act (Nl) 2008. 11 is my responsibility to-
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.
follow the procedures laid down in the general Directions given by the Charity Commission for Northern
Ireland under section 65(9)(b) of the Charities Act- and
state whether particular matters have come to my attention.
Basis of independent examiner's report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination
was carried out in accordance with thc general Directions given by the Charity Commission for Northem
Ireland under section 65(9)(b) 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. It also includes
onsideration of any unusual iteTns or disc105ures in the accounts. and seeking explanations from you as
charity trustees concerning any such matters.
My role is to state whether any tnaterial matters have come to my attention givtng me cause to believe:
That accounting records were not kept in accordance with section 386 of the Companies Act 2006
2. That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of section 396 of the Companies Act
2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to
charities pr¢paring their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland
4. That there is furthei information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters { l } to (4) listed above and, in
connection with following the Directions of the Charity Commission for Northern Ireland, I have found no
matters that require drawing to your attention.
Richard Mcclay FCA
For and on behalf of MTS
l Lanyon Quay
Belfast
BTI 3LG
16 March 2023
Page I

Newmills Presbyterian (Iveagh)
Statement of Financlal Activities (Including Summary Income and Expenditure Account)
for the year ended 31 December 2022
Unrestrlcted Restricted Endowment YeAr
Funds
Funds
Funds
Total
Yeir
Total
2022
2022
2022
2022
2021
Income from:
Donations and legacies
Charitable activities
Tnvestment mcome
Other income
Notes
208,945
19,510
619
6,702
23,984
232,929
19,510
692
6,793
210,765
4,296
489
7,489
73
91
Total income
235,776
24,075
73 259,924
223,039
Expellditure on:
Charitable activities
Costs of governance
(190,111)
(690)
(21,022)
(211,133)
(690)
(170,841)
(878)
(171,719)
Total eipenditure
(190,801)
(21,022)
(211,823)
Net income before transfers
44,975
3,053
73
48,101
51,320
Transfer between funds
(6,364)
6,364
Net incoming resources
before gains on property valuation
38,611
9,417
73
48,101
51,320
Fund b<ilanc¢s brought fonvard
Fund balances carried fonvard
3,488,341
65,529
9,203 3,563,073
3,511,753
3,526,952
74,946
9,276 3,611,174
3,563,073
All of the above results are derived from Colltinuing activiti¢s.All gains and losses recognised in
the year are included above.
The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Newmllls Presbyterian (Iveagh)
Balance sheet
as at 31 December 2022
2022
2021
Notes
Fixed assets
Tangible assets
3,332,301
3,332,301
Current assets
Cash at bank and in hand
278,873
230,772
278,873
230,772
Net current fdssets
278,873
230,772
Net assets
3,611,174
3,563,073
Capital and reserves
Total fimds
3,611,174
3,563,073
Total funds
3,611,174
3,563,073
Th¢ financial statements were approved by the Trustees otl 16 March 2023 and signed and approved for issue
on its behalf by
Trnstee
The notes on Pydges 4 to 5 form an fintegral part of these flnanc*al statements.
Page 3

Newmills Presbyterian (Iveagh)
Notes to the flnancial statements
for the year ended 31 December 2022
Accounting policles
1.1. Basis of preparation
The charity constitutes a piiblic benefit entity as defined by FRS 102.
The financial statcmcnts have been prepared under the historical cost convention with items recognised
at cost or transaction value imless otherwise stated in the relevant notes to these accounts. The financial
statements have been prepared in accordance with the Ststement of Recommended Practice:
Accounting and reporting by Charities pieparing their accounts in accordance with the Financial
reporting Standard applicable in the UK and Republic of Ireland (FRS102) issu¢d on 16 July 2014 and
Financial reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and
Charities Act ( Northern Ireland) 2008.
The financial statements are prepared on & going concern basis under the historlcal cost convention,
modified to include ¢ertain items at fair value. The fLnancial statements are prepared in sterling which
is the fiu]ctional currency of the charity,
The significant accounting policies applied in the PTep&ratioll of these financial statements arc set out
below. These polici¢s have been consistently applied to all years presented unless othenvise stated.
Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset ovei its
expected useful life, as follows:
Freehold properties
Not depreciated
Fund Accountlng
Unrestricted funds are avaiIabl¢ for use at the discretion of the trustees in furtherance of
the general objectives of the ch￿ltY.
Restricted funds are subjected to restrictlolls on thcir cxpcnditure imposed by the dollor or
through the terms of an appeal
1.4. Resources
Incomlng resources
All incoming resources are included in the SOFA when the charity is legally entitled to the
incone and the &nount can b¢ quantified with reasonable accuracy.
Donations are included as income when they are received. No amounts are included
in the financial statements for services donated by volunteers.
Resources expended
All ¢xpendithre is accounted for on an acc￿￿8 basis and has been classified under headings
that aggregate all costs relating to the category. Where costs cannot be directly attribtLted to
particular headings they have been allocated to activities on a basis consistent with use of the
resources.
Page 4

NeTrvmills Presbyterian (Iveagh)
Notes to the financial statements
for the year ended 31 December 2022
continued
2. Income from charfitable actlvltfies
Total
2022
Total
2021
Donations and Legacies
Gift Aid
194,923
38,006
178,737
32,028
232,929
210,765
Total
2022
Total
2021
Total resources expended
Costs directly allocated to
charitable activities
Congregational Running Exp¢nses
Donations to Missions and Charities
General Assembly Assessments
Ministy & Siipport Staff Costs
70,556
36,503
84,201
19,873
36,657
40,034
82,286
11,864
211,133
170,841
Tangible fixed assets
Freehold
property
Total
Cost
At l January 2022
At 31 December 2022
3,332,301 3,332,301
3,332,301 3,332,301
Net book values
At 31 December 2022
3,332,301 3,332,301
At 31 D¢c¢mb¢T 2021
3,332,301 3,332,301
Page 5