REGENT STREET CONGREGATION OF THE
PRESBYfERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31 December 2023
Registered ChaTIty In Northern I￿land (NIC105068)

REGENT STREET CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL Acnvrry
Year ending 31 December 2023
Unreslrlcted Restricted Endowment
Funds
Funds
Funds
155,460
47.779
2.681
Recelpts
Donations and Legacies
Charitable activities
Other trading activities
Investment income
Other
Note
Total 2023
203,239
2,681
1.227
4,189
141
211.476
Total 2022
154,749
59,904
810
681
1.227
4.189
141
161.016
50,460
216,148
Gain on investm@nts
Gain on sale of fixed assets
Total Rocelpts
161.016
50,460
211,476
216,148
Payments
Raising funds
Charitable activities
Investm8nt costs
Other
882
479,059
143.141
40.207
183,348
143,986
40.207
184,193
479,941
Loss on investments
Loss on sale of fixed assets
Total Payments
143,986
40.207
184,193
479,941
Net receiptsi(payments)
Transfers between funds
17.030
600
10,253
-600
27,283
-263,793
Net movement of funds
Funds brought forward
17,630
1,145,467
9.653
60,395
27,283
1,205,862
-263,793
1,469,655
Funds carried forward
1.163,097
70,048
1.233,145
1.205,862
Registered Charity in Northem Ireland {NIC105068)

REGENT STREET CONGREGATION OF THE PREBYfERIAN CHURCH IN IRELAND
BALANCE SHEET AS AT 31 DECEMBER 2023
Unrestricted Restricted Endowment
Funds
Funds
Funds
Total 2023
Total 2022
Funds ReconGlllatlon
Funds at start of year
Net movement in funds
1.145,467
17,630
60.395
9,653
1,205,862
27,283
1,469,655
-263,793
Funds at end of year
1,163.097
70,048
1,233,145
1,205,862
Fixed Assets
> Church premises
824.917
843,498
> Fixtures, F￿IngS, Equipment
> Vehicles
4.386
829,303
843.498
Current Assets
Bank & Cash Balances
Bank Deposit Accounts
Bank Current Accounts
Organisations
Cash in Hand
387,267
2.560
161
389.988
346.025
2,937
135
349,097
Gift aid receivable on donations
Prepayments
Investments - Note 10
9,171
3,991
1,293
404,443
8,962
3,720
1,185
362,964
Creditors - amounts fallin
due within one
ear
Loans
Oth8r
600
600
600
600
Net Current Assets
403.843
382,364
Total Assets less Current
Liabilltles
1,233,145
1,205,862
Credftors - amounts fallln
due after one
ear
Total Assets I
Llabllltles
1,233,145
1,205,862
Approved by the Kirk Session at a meeting on 06 May 2024 and S￿dned on irs behalF by. -
Lr(llGJ
Rev Anne Tolland
(Minister)
Mr lan MacDonald
(Clerk of Kirk Session)
Registered Charity in Norlhem Ireland (NIC105068)

REGENT STREET CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. BASIS OF PREPARArnN
As the total irthme Of￿ u)ruggation in 2W20 vrds Ilw £2￿.(th) th8 c£ryr*J&kn h￿1 ID it5 aCC￿nts on an
accrua15 basLs. in lin8 Wth th6 [￿￿*0175 in Th Charthes Regu￿￿ (Ncthffl I￿*[￿1) 2015. The
SBm8 ba* Is SUII fdlowj.
The accounts have ￿en prepai8iJ in accordm with Ihe AccounlKYJ a￿* Rep)riiThJ d Chaiili•s SORP In
accordance with FRS102.
Income is Induded in thè Ststem9nt of Finanaal Acbvitss ISOFAI when Ihe church becom￿ 8ntiW lo the
resources and monetary value can be Measur￿ wilh Tlts ￿cludeS claims mad& undèr
Gfft￿d.
abilities are rg¢ogni8ed where rt i8 more likely Ihan rK)t thgt there is a W or construcbve obligat￿n committing
the charity lo pay out rosourc8s arKI the amount of thg OtAyatKJn ¢an be measured vAth reasonab￿ certainty.
T8ngible fixed assets are ¢apH81i88d rf they can t• ￿8￿ fry mNe than crf* Jwr arKI ts o)sls ￿ ijeemed to be
materlBI. They 8fe valued at cosL The wopety thvned, ￿n￿SIr￿J Ihe ChLY¢h premi%es and the Manse hav&
bg$n Included at a cutrent valuatk)n.
FUND ACCOUNTING
Endowment funds are fvNJ$ the ¢apit81 of which must te retshi￿ [￿ernar￿ty N at thè f>)ngregation's
di$cretion,' Ihe incomè derived from thg ondowmont is lo be used eithar as r¥$Ir￿￿ or unrestricted Incomo
funds d&pending upon th8 PLWPO8t lor which the endmnwrt was estsbliBhed kn the Ikst pkn.
R98tri¢ted lunds compdselo) income from erth*ments whth * to be exp8TrJed onty on restrlcted purpoB8S
int8nd•d by tha donor and Ibl r8v•nu• donations or grants for a sp8ufic congrega1*)n￿ actlvity inlandgd by the
donor. Where thes8 funds h8ve unspent balances, wrternsl ￿ th¢ir Investment is appottoned to the
Indlvidual funds on an average baLance basis.
Unrestricted funds are incorne furK13 vthKh are to b8 the congregalionS W￿030￿. D8signgt
funds ar8 ggnoral set asida by tho Co￿Jr¢9•Im￿ for usa in Iho fU￿re.
2. DONATIONS AND LE¢UCIES
Unr••trf¢t•d RMtrkt•d Endowm•Trt
Funds
Funds
Fund¥
Totsl 2023
Totsl 2022
R*cfdod gknThJ.
Lwso colb¢ikfj
Donadonsand g
1.856
96.447
18.023
39.134
1,856
136,364
2S.885
39.134
203.239
39,917
7.862
128,793
25,4S2
Gffta
Ltyacie¥ and tyesls
47.779
3. CHARITABLE ACTMTIES
Unw••trlrt￿ R•strlet•d EndoMn•nt
Funds
Fund¥
Funds
2,681
Total 2023
2.681
Total 2022
2.532
al Inwne from ehorIlab￿ KlvlO88
bl Fees IrTrm V￿JdIngS IL***i¥
cl Fundratskng
dl Membersh+p lees
81 Grants
57.372
2.681
2.681
59,904
4. OTHER TRADING ACnVITIES
Funds
1.227
Funds
Funds
Total 2023
1227
Total 2022
810
al LetbrvJ of r*orri
bl TradirvJ income
1.227
1.227
810
Reg*lered Clwity in Nortwn IrEla￿l INIC105068}

5. INVESTMEKf INCOIIE
Funds
4.057
Fund$
Funds
Total 2023
4,057
25
Total 21)22
761
26
al Dgtthlt inter88t
bl G8n8rd Investment F￿
cl Ren15 inv8slm8nt propwb85
dl Other invesknent
107
4,189
107
OThER INCQME
Fund4
Fund¥
Fund*
T*)tal 2D23
Total 2022
al In8ufBnc8
bl Other Inc4Jrn8
141
141
141
141
7. RAISING FUND8
Unrestrlcted R•stylct•d Endowm•nt
Fund•
Fund•
Fund•
Total 2023
Total 2022
882
al FWO gnvelopo9
bl Fwidrnisirva wents
8. CHARITABLE ACTWMES
Fund•
17.632
971
Fund•
Fund•
Totsl 2023
17.632
971
Totsi 2022
13,493
878
37,916
388,519
34.470
3.783
al G8n8ral Ass•M￿YAl9•$lm
bl Presbyt8ry Fo88
cl Mlnlslry and suppjrt stsff costs
dl CorrfJr8galonal runnir*J 8xpen806
el Dcfialon8 tts MISBI(¥w 8nd ¢harld•B
fj Gov¢rr¥Jrt• ccéts
48,524
17,835
22.372
66.359
28.822
143.141
40.207
183.348
479.059
Induded at 8(dl 16 £370,115 in re8P•Lt d c￿¢1 kn dat• vth¥, Iwthg & 8uTrJry ￿J111￿9 ￿￿kO
wolo¢t 2022.
g. FIXED A88ET8
Th9 congregation own8 the Churth premi8es srtU8ted at 48A Regenl Slr88( Nthwtthvnard$, BT23 4LP. These
have an insurance Val￿ tst Church Buiklings and Contorrts £ 2,440.803 and Churth Ham BuikthrvJ arKI Contents
£1,484.483 at last renewal data 31 October 2023.
Th8 n8w manse at 25 Mans& Gats. N8vrtownards BT23 4DG was compl8ted In May 2022 at a cost of£394,381.
The Initial deposit of £19.948 w8s sFK)wn in the 2021 accounts. with the bal8n¢¢ 01£374,413 in 2022. This has
an insuranc¢ v8lue of£451,075 at the last r8n¢w81 dats 31 October 2023.
Rry￿tered Ctwrity in Nc¥h8m IrelaThJ INIC105LWI

9. FIXED ASSETS Iconllnuodl.
Land & Flxturns &
Bulldl
Vehlclès
Total 2023
Total 2022
Cost oi Valuatk>n
At the start of year
Addthorns
Revaluatton5
Disp08als
Transfer5
Atth8 8nd of
19,7
5.160
574,427
374,413
5,160
929.050
24.9Y)
954,000
948,840
Al the start of year
Charged
Impairm8nl
Di5POsa15
Tran8f8rs
Atthe end ofiwr
85,552
18.581
105.342
19.355
774
10,694
104,133
124,697
105,342
At the start of year
843,498
479 779
Aithè ond of￿ar
824,917
829.303
843,498
10. INVE8TMENT8
Funds
1,293
Fund•
Fund¥ Totsl 2023
Total 2022
1,185
Genersl In¥￿tMent Fund
Propety
1,293
1.185
11. OTHER DISCLOSURES
Independent examlnerfs f888
No ampk)ye• Is pald rmr• than £60,IXKI
12. FUND BALA14¢ES
Balan￿ at RK¢lpts Pl￿naThts Surplus I
Trnnsf•r
8alanc• at •nd
Fund
Unr0$trI¢t￿ Funds
G8nèral Fund
161018
1163 097
R￿trIcted Fund4
Building & Rapair Fund
Mission and ChantyfiJnd5
Org4nwtr)r
54.265
3.193
2.937
16,087
22.372
1.748
61.662
5,827
25.oc
1.971
2.634
223
Endowm•nt funds
Bequest Funds
Total
60,39S
50,460
40.207
10.253
00
End¢)wm•nt Fund¥
Total
211476
27.283
1.233,145
Reg*twed Ch8rity in Norhern Ireland {NIC1050681