REGENT STREET CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31 December 2025
Registered Charity in Northern Ireland (NIC105068)
REGENT STREET CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY
Year ending 31 December 2025
| Unrestricted | Restricted | Endowment | ||||
|---|---|---|---|---|---|---|
| Receipts | Note | Funds | Funds | Funds | Total 2025 | Total 2024 |
| Donations and Legacies | 2 | 125,010 | 43,031 | 0 | 168,041 | 177,303 |
| Charitable activities | 3 | 346 | 4,669 | 0 | 5,015 | 8,216 |
| Othertrading activities | 4 | 1,170 | 0 | 0 | 1,170 | 1,810 |
| Investment income | 5 | 8,304 | (8) | 0 | 8,304 | 7,383 |
| Other | 6 | 15 | 0 | 0 | 15 | 445 |
| 134,845 | 47,699 | 0 | 182,544 | 195,157 | ||
| Gainon investments | 0 | 0 | i) | 0 | 0 | |
| Gain on sale offixedassets | 9 | 0 | 9) | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | ||
| Total Receipts | 134,845 | 47,699 | 0 | 182,544 | 195,157 | |
| Payments | ||||||
| Raising funds | 7 | 924 | 0 | 0 | 924 | 962 |
| Charitable activities | 8 | 122,364 | 29,790 | 0 | 152,154 | 198,882 |
| Investment costs | 0 | 0 | 0 | 0 | 0 | |
| Other | 0 | 0 | 0 | 0 | 0 | |
| 123,288 | 29,790 | 0 | 153,078 | 199,844 | ||
| Loss on investments | 0 | (8) | 0 | 0 | 0 | |
| Loss on sale offixed assets | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | ||
| Total Payments | 123,288 | 29,790 | 0 | 153,078 | 199,844 | |
| Net receipts/(payments) | 11,557 | 17,909 | 0 | 29,466 | -4,686 | |
| Transfers between funds | -1,400 | 1,400 | 0 | 0 | 0 | |
| Net movement offunds | 10,157 | 19,309 | 0 | 29,466 | -4,686 | |
| Funds broughtforward | 1,152,205 | 76,254 | 0 | 1,228,459 | 1,233,145 | |
| Fundscarriedforward | 1,162,362 | 95,563 | 0 | 1,257,925 | 1,228,459 |
Registered Charity in Northern Ireland (NIC105068)
REGENT STREET CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31 DECEMBER 2025
| Unrestricted | Restricted | Endowment | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total 2025 | Total 2024 | ||
| Funds Reconciliation | ||||||
| Funds atstartofyear | 1,152,205 | 76,254 | 0 | 1,228,459 | 1,233,145 | |
| Net movement in funds | 10,157 | 19,309 | 0 | 29,466 | -4,686 | |
| Funds atend ofyear | 1,162,362 | 95,563 | 0 | 1,257,925 | 1,228,459 | |
| Fixed Assets | ||||||
| > Church premises | 787,754 | 806,336 | ||||
| > Fixtures, Fittings, Equipment | 2,322 | 3,354 | ||||
| > Vehicles | 0 | 0 | ||||
| 790,076 | 809,690 | |||||
| CurrentAssets | ||||||
| Bank& Cash Balances | ||||||
| Bank DepositAccounts | 200,000 | 200,000 | ||||
| Bank CurrentAccounts | 254,218 | 202,869 | ||||
| Organisations | 3,427 | 2,363 | ||||
| Cash in Hand | 136 | 153 | ||||
| 457,781 | 405,386 | |||||
| Gift aid receivable on donations | 7,042 | 8,466 | ||||
| Prepayments | 4,243 | 4,165 | ||||
| Investments - Note 10 | 1,296 | 1,354 | ||||
| 470,362 | 419,370 | |||||
| Creditors -amounts falling | ||||||
| duewithin oneyear | ||||||
| Loans | is) | 0 | ||||
| Other | 2,514 | 600 | ||||
| 2,514 | 600 | |||||
| NetCurrentAssets | 467,848 | 418,770 | ||||
| Total Assets less Current | ||||||
| Liabilities | 1,257,925 | 1,228,459 | ||||
| Creditors -amounts falling | ||||||
| due after_oneyear | 0 | 0 | ||||
| TotalAssets/(Liabilities) | 1,257,925 | 1,228,459 |
Approved by the Kirk Session at a meeting on 27th April 2026 and signed on it's behalf by: -
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fi } \ f
Rev. Mairisine Stanfield
(Vacency Convenor)
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SS
MrCrJ a ckwford
(Honorary Treasurer)
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Registered Charity in Northern Ireland (NIC105068)
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REGENT STREET CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025
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1. BASIS OF PREPARATION
As the total income of the congregation in 2020 was more than £250,000 the congregation had to prepare its accounts on an accruals basis, in line with the provisions in The Charities Accounts and Reports Regulations (Northern Ireland) 2015. The same basis is still followed.
The accounts have been prepared in accordance with the Accounting and Reporting of Charities SORP in accordance with FRS102,
Income is included in the Statement of Financial Activities (GoFA) when the church becomes entitled to the resources and the monetary value can be measured with sufficient reliability. This includes claims made under Gift Aid.
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Tangible fixed assets are capitalised if they can be used for more than one year and the costs is deemed to be material. They are valued at cost. The property owned, comprising the Church premises and the Manse have been included at a current valuation.
FUND ACCOUNTING
Endowment funds are funds the capital of which must be retained either premanently or at the congregation's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.
Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future.
2. DONATIONS AND LEGACIES
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Unrestricted Restricted Endowment
Funds Funds Funds Total 2025 Total 2024
Recorded giving:
Loose collections 2,498 0 0 2,498 2,532
Donations and gifts 102,323 35,710 0 138,033 145,572
Gift aid 19,189 7,321 0 26,510 28,199
Legacies and bequests 1,000 it) 0 1,000 1,000
125,010 43,031 0 168,041 177,303
3. CHARITABLE ACTIVITIES
Unrestricted Restricted Endowment
Funds Funds Funds Total 2025 Total 2024
a) Income from charitable activities 0 4,069 0 4,069 2,261
b) Fees from weddings and funerals 0 0 0 0 0
c) Fundraising events 346 0 0 346 449
d) Membership fees 0 0 0 it) 0
e) Grants 0 600 0 600 5,506
346 4,669 0 5,015 8,216
‘
4. OTHER TRADING ACTIVITIES
Unrestricted Restricted Endowment
Funds Funds Funds Total 2025 Total 2024
a) Lettingof premises 1,170 0 i¢) 1,170 1,810
b) Trading income 0 it) 0 0 0
1,170 0 0 4,170 1,810
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Registered Charity in Norhern Ireland (NIC105068)
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5. INVESTMENT INCOME
Unrestricted Restricted Endowment
Funds Funds Funds Total 2025 Total 2024
a) Deposit interest 8,329 0 0 8,329 7,290 -
b) General Investment Fund -25 0 0 -25 32
c) Rents investment properties it) 0 0 0 0
d) Other investment income 0 0 0 0 61
8,304 0 0 8,304 7,383
6. OTHER INCOME
Unrestricted Restricted Endowment
Funds Funds Funds Total 2025 Total 2024
a) Insurance claims 0 0 0 0 0
b) Other income 15 i?) 0 15 445
15 0 0 15 445
7. RAISING FUNDS
Unrestricted Restricted Endowment
Funds Funds Funds Total 2025 Total 2024
a) FWO envelopes 924 0 0 924 962
b) Fundraising events 0 0 0 it) 0
924 0 0 924 962
8. CHARITABLE ACTIVITIES
Unrestricted Restricted Endowment
Funds Funds Funds Total 2025 Total 2024
a) General Assembly Assessments 16,631 i?) 0 16,631 20,132
b) Presbytery Fees 1,056 0 0 1,056 1,020
c) Ministry and support staff costs 59,926 0 0 59,926 77,142
d) Congregational running expenses 40,851 8,357 0 49,208 79,432
e) Donations to Missions and charities 3,300 21,433 0 24,733 20,556
f) Governance costs 600 0 0 600 600
122,364 29,790 (¢) 152,154 198,882
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9. FIXED ASSETS
The congregation owns the Church premises situated at 48A Regent Street, Newtownards, BT23 4LP. These have an insurance value of; Church Buildings and Contents £ 2,562,843 and Church Hall Building and Contents £1,558,707 at last renewal date 31 October 2025.
The new manse at 25 Manse Gate, Newtownards BT23 4DG was completed in May 2022 at a cost of £394,361. This has an insurance value of £473,629 at the last renewal date 31 October 2025.
Registered Charity in Norhern Ireland (NIC105068)
9. FIXED ASSETS (continued).
| 9. FIXED ASSETSFIXED ASSETSASSETS (continued). | ||||||
|---|---|---|---|---|---|---|
| Land& | Fixtures & | |||||
| Cost orValuation | Buildings | fittings | Vehicles | Total2025 | Total2024 | |
| Atthe startofyear | 929,050 | 24,950 | 0 | 954,000 | 954,000 | |
| Additions | it) | 0 | 0 | 0 | 0 | |
| Revaluations Disposals Transfers Attheend ofyear |
0 it} 0 929,050 |
0 0 0 24,950 |
0 0 it) 0 |
0 0 0 954,000 |
0 0 0 954,000 |
|
| Depreciation | ||||||
| Atthestartofyear | 122,714 | 21,596 | 0 | 144,310 | 124,697 | |
| Charged | 18,581 | 1,032 | 0 | 19,613 | 19,613 | |
| Impairment Disposals |
0 it) |
0 0 |
0 0 |
0 0 |
0 0 |
|
| Transfers Attheend ofyear |
0 141,296 |
0 22,628 |
0 0 |
0 163,924 |
i?) 144,310 |
|
| Net BookValue | ||||||
| Atthe startofyear | 806,336 | 3,354 | 0 | 809,690 | 829,303 | |
| Attheend ofyear | 787,754 | 2,322 | 0 | 790,076 | 809,690 | |
| 10. INVESTMENTS | ||||||
| Unrestricted | Restricted | Endowment | ||||
| Funds | Funds | Funds | Total2025 | Total2024 | ||
| General InvestmentFund Property Otherinvestments |
1,296 0 0 |
0 it) 0 |
0 0 0 |
1,296 0 is) |
1,354 0 0 |
|
| 1,296 | 0 | 0 | 1,296 | 1,354 | ||
| 11. OTHERDISCLOSURES | ||||||
| Eees forexamination ofthe accounts | ||||||
| Independentexaminer'sfees | 600 | 600 | ||||
| Staff costs | ||||||
| No employee is paid morethan £60,000 | ||||||
| 12. FUND BALANCES | ||||||
| Balanceat | Receipts | Payments | Surplius/ | Transfer | Balanceatend | |
| Fund | start | (Deficit) | see | EEA | ||
| Unrestricted Funds | ||||||
| General Fund | 1,152,205 | 134,845 | 123,288 | 11,557 | -1,400 | 4,162,362 |
| Restricted Funds | ||||||
| Building&RepairFund Mission and Charityfunds Organisations |
64,464 9,427 2,363 |
20,640 22,392 4,669 |
3,353 21,433 5,004 |
17,287 958 -336 |
0 0 1,400 |
81,751 10,386 3,427 |
| Endowmentfunds | ||||||
| BequestFunds | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 76,254 | 47,700 | 29,790 | 17,909 | 1,400 | 95,564 |
| EndowmentFunds | 0 | Q° | 0 | 0 | 0 | |
| Total | 1,228,459 | 182,545 | 153,078 | 29,466 | 0 | 1,257,925 |
Registered Charity in Norhern Ireland (NIC105068)