Newmills Presbyterian (Iveagh)
Trustees, report and financlal statements
for the year ended 31 December 2024
Charity number NIC104921

Newmills Presbyterian Uveagh)
Contents
Page
Independent Examilleds Report
ststement of Financial Actsvities
Balance sheet
Notes to the financial statements

Independent examlner's report to the members of
NeTrTmills Pi"esbyterian (Iveagh)
I report on the accounts of the for the for the Ye￿ ended 31 December 2024, which tue set out on the pages
following this report,
Respectlve responslbilities of alld examiner
As the charitys tTh￿te¢s yoii are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act (ND 2008. It is my responsibility to.,
examine the accounts linder section 65 of the Charities Act (Northaff Ireland) 2008,,
follow the procedures laid down in the general Directions given by the Charity Cotnmission foi Northern
Ireland imder section 65(9)(b) of the Charities Act. and
state whether particular matters have cojne to my attentloll.
Basls of independent eiaminer's report
I have cxamined your charity accounts as required under section 65 of the Charities Act and my examination
was Ca￿led out in accordance with the general Directkons given by the Charity Conm]ission for Northern
Ireland under section 65(9)(b) of the Charities Act. The examinatton included a review of the acCol￿ting
records kept by the charity and & comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts, and seel(ing explanations from you as
charity trustees concerning any such matters.
My role is to state whether any material matter8 have come to my attention giving me cause to b¢lReve:
l. That accounting rccoTds 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 prillciples of the Charities Statement of Recommended Practice applicable to
charities prepaiing their accounts in ÉWCOI'dance with the Financial Reporting Standard applicable in the UIC
and Republic of Ireland
4. That there is fLllther illforniation needed for a prop¢r ulld¢r8tsllding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect ofthe ll￿tters (l) to (4) listed above and, in
connection with following the Dircdions of the Charity Conunission for Northern Ireland, I have found no
malters that require drawing to your attention,
Richard Mcclay FCA
For and on behalf of MTS Chartered Accountants
l Lanyon Quay
Belfast
BTI 3LG
11 June 2025
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Neivmills Presbyterian (Iyeagh)
Statement of Flnallcial Activities (Including Income and Expenditure Account)
for the year ended 31 December 2024
UJ)restricted Restricted Endowment YeaT
Fullds
Funds
Funds
Total
Year
Total
2024
2024
2024
2024
2023
Income from:
Donations and legacies
Charitabl¢ activities
Investment income
Other incorne
Notes
255,618
98,061
34,193
353,679
34,193
855
701
349,564
22,690
1,039
2,959
573
600
277
101
Total income
256,791
132,360
277 389,428
376,252
Expenditure on:
Charitable activities
Costs of governance
(187,262)
(726)
(187,988)
(119,323)
(306,585)
(726)
(274,204)
(690)
Total expenditure
(119,323)
(307,311)
(274,894)
Net income before trallsfers
68,803
13,037
277
82,117
101,358
Transfer between funds
(8,928)
8,928
Net incomfing resources
before gahis on property valuation
59,875
21,965
277
82,117
101,358
Fund balances broughi forward
Fund balances carried forw&rd
260,518
110,513
9,200 380,231
278,873
320,393
132,478
9,477 462,348
380,231
All of the above results are derived fiom contilluing activities.All gains and losses recognised in
the year are included above.
The notes on page 4 form &n Integral part of these financial statements.
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Neivmills Presbyterian (Iveagh)
Balance sheet
as at 31 December 2024
2024
2023
Notes
Current assets
Cash at bank and in hand
462,348
380,231
462,348
380,231
Net Current assets
462,348
380,231
Net assets
462,348
380,231
Capital and reserves
Total funds
462,348
380,231
Total funds
462,348
380,231
The f￿anCIal statements were approved by the Trustees on I l June 2025 and si￿ned and approved for issue
on its behalf by
Trustee
The notes on page 4 form an integral part of these financial statements.
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Newmllls Presbyterian (Iveagh)
Notes to the financlal statemellts
for the year ended 31 December 2024
Accounting pojicies
1.1. Basis of preparation
The charity constitlltes a public benefit entity as defined by FRS 102.
The financial statem¢nts have been pr¢par¢d under the higtorical cost convention with items recogniscd
at cost or transaction value iinless otherwise stated in the relevant notes to these accounts, The finanrial
statements have been prepared in accordance with the Statement of Recommended Practice,.
Accounting and reporting by Charities preparing their accoullts in accordflnce with the Financial
r￿orting stalld￿d applicable in the UII and Republic of Ireland (FRS102) issued on 16 July 2014 and
Finaucial reporting Standard applicablc in the United Kingdom and Republic of Ireland (FRS 102) and
Charities Act ( Nortbern Irelalld) 2008.
The financi&l statements are PiEpar¢d on a going concern basis under the historical cost convention,
modified to include certain items at fair value. The financial statements are Prep￿ed in steiling which
is the functional currency of the charity.
The significant accounting policies applied in the prep￿atIOn of these fRnancial statements are set out
below. These policies have been con8lStently app]ied to all year8 pres¢nted unless otberwise stated.
1.2. Fund Accountlng
Ullrestricted fi￿dS are availablc for use at the discretion of the twstees in furtherance of
the general objectives oEth¢ ChE￿Ity.
Restricled funds are SLibj¢cted to rcstrictlons on their expenditure imposed by the donor or
tljrough the ternis of an appeal
1.3. Resources
Incoming resollrees
All incoming resources are included in the SOFA when the charity is legvAlly entttled to the
income and the amount can be quantified with reasonable accuracy.
Donations included as income when they are received. No aJnount8 are incliided
in the financial statements for services donated by volunteers.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs relating to the category. Wher¢ costs cannot bc dire¢tly attributed to
particular h¢adings thcy have been allocated to activities on a basis consistent with use of the
resourc¢s.
Church property
The cburch currently owng buildings valued for insurance purposes at £5,849,190.
Page 4