REGENT STREET CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Financial Statements for the year ended 31 December 2024 Registere(I Charity in Northem Ireland (NIC105068) REGENT STREET CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTivrrY Year ending 31 December 2024 Unrestricted Restricted Endowment Funds Funds Funds 134,035 43.268 449 7.767 1.810 7.383 25 143,702 Receipts Donations and Legaci8S Charitable activities Other trading activities Investment income other Note Total 2024 177.303 8,216 1,810 7,383 445 195.157 Total 2023 203,239 2,681 1,227 4,189 141 211.476 420 51.455 Gain on investments Gain on sale offixed assets Total Recelpts 143.702 51,455 195,157 211,476 Payments Ralslng funds Charltsble actlvltles Investment costs Other 962 153.960 962 198,882 845 183,348 44,921 154,922 44,921 199,844 184,193 Loss on investments Loss on sale of fixed assets Total Payments 154,922 44,921 199,844 184,193 Net receiptsl(payments) Transfers between funds -11.220 328 6,534 -328 4,686 27,283 Net movement of funds Funds brought forward -10.892 1,163,097 6,206 70,048 -4.686 1.233,145 27,283 1.205,862 Funds carried forw8rd 1,152.205 76.254 1.228.459 1,233.145 Registered Chaiity in Northem Ireland (NIC105068) REGENT STREEfcoNGREGATION OF THE PREBYfERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31 DECEMBER2024 Unrestrlcted Restrlcted Endowment Funds Funds tal 2023 Funds Reconciliation Funds at start of year Net movement in funds 1,163,097 -10.892 70.048 6.206 1.233.145 4.686 1,205,862 27,283 Funds at end of year 1,152,205 76,254 1.228,459 1,233.145 Fixed > Church premises 806.336 824.917 > Fixtures, Fittings, Equipment > Vehicles 3.354 4,386 809,690 829,303 Currnnt Assets Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Organisations Cash in Hand 200,000 202,869 2,363 153 405,386 387,267 2,560 161 389,988 Gift aid receivable on donations Prepayments Investments - Note 10 8.466 4.165 1.354 419,370 9,171 3,991 1,293 404,443 Credltors - amounts fallln ue within one ear Loans Other 600 600 600 600 Net Current Assets 418,770 403.843 Total Assets loss Curr•nt Llabilities 1,228,459 1.233,145 Creditors - amounts fallin er Total Assets I Llabilities 1,228,459 1,233,145 Approved by the Kirk Session at a meeting on 13th May 2025 and signed on ivs behalf by. - Rev Anne Tolland (Minister) Mr lan MacDonald (Clerk of Kirk Session) Registered Charity in Northem I￿land (NIC105068) REGENT STrEET CONGREGAnoN OF THE PREBYfERIAN CHURCH IN IRELAXD NOTES TO THE AccouKfs FOR THE YEAR ENDED 31 DECEMBER 2024 1. BASIS OF PREPARAnoN 8ccruds b85is, in li￿ with the In CIwrt￿S Attwrts and Rwts {N(them IrE18tJJl 2015. The sarne b￿￿$1¥ stiN folkMTd. The accounts have been prepared in ￿Cordan￿ v*ith the RerKffb"ro ol char￿e$ SORP in 8ccordance wbth FRS102. Income is included in the Statement of FI￿￿￿(1a1 A¢¢mt￿ ISOFAI when chu¥¢h Lwyn8s th6llad to th8 resources and th& monatsry value can rneBsur&J wilh gfftitsnt rthtihty. Tlis iThJudes daims mad• und&r Gift Aid. Liabilities are rec(vJni8ed whgrg more likely than not that thgro is a Wl or ojnstructive otA*Jab'on ¢omm6ttit the charity io pay out rosOUr￿ the t4Nwnt of the ct41gatw can be m8asured roasonth ￿rtainty. T8nglbl& flxed assets are capltallBed If they can t* US8d kn ￿)re one &)d thg costs * deemed to be materl81. They 8rg v81ufjd at cost The prcpefty ovm*J. Comptsm￿ the Chjrch P￿180$ 8ThJ Ihe Manse have been induded at 8 current va￿al￿. FUND ACCOUNTIIG Endowment funds afe fvnd$ the capltal of ¥thlch musl ￿ retained ellher p￿Manentty or at the congwabon discretion; the irtcorne derived from the endowmgnt 18 to be us•J either a3 rest￿1￿1 or unrestricted incorne fijnds de￿nd￿rt9 uwn the purpose for whKh the 8ndo￿ont w&$ 8sl8bW￿d in th8 r￿l F4BC8. R8Strl¢tod funds ¢ompnsg {81 income from endOW￿nts whi¢h 1$ to be expended tl* restsi¢lod purposes Intended by the donor and Ibl r•vanue dcrfjations or grants for a spaufic Cc￿gregatbn8l actiw intw)d•d by tha donor. Where these funds have unspent bakances, interest on their Fxxled Investment is apF*JtlO￿ lo the Indivhaud funds on an avoragg bdance baBO8. UnreBtrfctsd lund8 are In￿m¥ fund8 which are to t* 8r*nt cn the congregation's general pu￿. Dg*ngtfjd fvnd$ arg goneral funds sel asKle by th& cwJrgg*th for w In the fukne. 2. DONATION8 AND LEGACES Unre8trl¢t•d R•8trl¢l¢d Endovmi•nt Funds Fund• Fund¥ Totsl 2024 Totsl 2023 Recorded givng.. 2.532 145.572 28.199 1.lJOO 177.303 Donalk)n8 8TrJ gth8 Glft akl L898Ci8s and b8qu•sI8 109,204 21.299 1,000 134,035 36,368 136,364 25,885 39,134 203,239 3. CHARrrA8LE ACTivmES Funds Fund 2,261 Funds Totsl 2024 2.261 Totsl 2023 2.681 al Income from th8rtt3￿e actlvit18S bl F8es frorn **dOings and furw*$ cl FundraisirvJ ovent8 I IlernbershW fees 8IGmnts 449 449 5.sc 449 7,767 8.216 4 OThER TRA0￿G ACTvrfmES Unrfjstrlctèd Rèstrlctsd Endowmerbt Fund$ Funds Funds 1,810 Total 2024 1.810 Total 2023 1.227 al Letbng of wemlses bl Tradd'P4 InLY)tr 1.810 1.810 1.227 Regthrod Charity in Nort￿￿ Irela￿1 INIC1050681 & INVESTMENT INCOIIE Funds Funds Funds Total 2024 Total 2D23 4.057 25 al Depos￿ Interest bl General Investmart Furnl l Rents investrnent proFwb05 dl ￿er investment in(xyne 32 32 61 7.3B3 61 7.363 107 4,189 6. OTHER INCOME Funds Funds Funds Tolal 2024 Total 2023 al Insur8nc8 d&irn8 bl Cxher Ir￿me 25 25 420 420 445 445 141 141 7. RA181NG FUN08 Unr￿tr￿ted R•¥trlcted Endowm•nt Funds Fund• Fund• Total 2024 Total 2023 al FWO enveb)pes bl Fundraising avonl8 962 8. CHARITABLE ACTMTIES FurMI8 20,132 1.020 77.142 51.450 3.817 Funds Fund• Totsl 2024 20,132 Tot•1 2023 17,632 971 al Qengr81 AwnlAyA8ge8W bl Pro8byt¥ry FMS cl Mlnl8ty and 8uFwI stoff costs dl Congreg8lknal running expew•• al Donations to Alssions wd dwili n Gov&m8nc¢ costs 77,142 79.432 20.556 27.983 18,939 66,359 28,822 198.882 g. FIXED ASSETS The congregation owns the Church premises SI￿led al 48A Regent Street. Newtthvnards, BT23 4LP. These have an in8uran¢e valua of., Chvrch Buikling$ alld C￿lents £ 2.562.843 8rKJ Churth H81 Bu￿dIng and Contents £1,558.707 al last rerthval date 31 Octcthr 2024. The new manse 8t 25 Martse G3ts, Newtownards BT23 4DG w&% wmpteted in May 2022 81 a co81 of £394,361. Thls has an Insurance value of £473.629 at ilte last renvrtal datè 31 October 2024. Registergj Chwty in Iret8WKI INIC105068) 9. FIXED AS8Ef8 (Gonllnu8 Land & Fixtures & Bulldin Vehicles Total 2024 .T¢*tal 2023 Cost or Valua Al Ihe start ofyear Addttlons RovaluaUon8 Dispos￿8 TransfeF5 Atthe 8nd of 929,050 24,9XI 954,C 948.840 5.160 929.050 24.950 954.LX 954.000 reclauo At the start of year Glwrgwj IMP￿rnien1 Disposds Transfws Atthe end ol ￿fjr 104.133 18,581 124.897 19,613 105.342 19.355 1.032 122,714 21.S96 144.310 124.697 N81 Book Al the start of year 829,303 843,498 Atth8 8ThY of5wr 829,303 10. INVESTAIÉNTS Funds Fund8 Funds T