FIRST PRESBYTERIAN CHURCH, NEWTOWNARDS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Year Ended 3111212024 1. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the Congregation is less than £250,000 the congregation has elected in accordance with the provisions in The Charities Accounts and Reports Regulations {Northem Ireland) 2015 to prepare its accounts on a Receipts and Payments basis. FUND ACCOUNTING Endowment Funds are funds, the capital of which must be retained either permanently or at the congregation's discretion,. the incorne 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 endowment which is to be expended only on the restricted purposes intended by the donor and {bJ revenue donations or grants for a specific congregational activity intended by the donor. 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. Unrestricted Restrlcted Endowment Total 2024 Total 2023 Funds Funds Funds 2. DONATIONS AND LEGACIES Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequests Total 74204 2695 5458 12277 7711 81915 2695 6373 16129 79500 2304 8495 16741 8000 115040 915 3852 94634 12478 107112 3. CHARITABLE ACTIVITIES I ncome from charitable activities Total 22123 22123 22123 22123 19081 19081 4. INVESTMENT INCOME Deposit Interesl Total 3095 3095 3095 3095 1197 1197 5. OTHER INCOME Organisation income other income Total 11620 11620 13234 11620 11620 13234 6. CHARITABLE ACTIVITIES General Assembly Assessments Presbytery Fees Ministry and support staff cosls Congregational running expenses Donations to Missions and Charities Total 8882 1043 72013 28924 8882 1043 72013 28924 22291 133153 8487 993 72239 26395 22933 131047 22291 22291 110862 FIRST PRESBYTERIAN CHURCH, NEwfowNARDS CONGREGATION
OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) Year Ended 3111212024 Unrestricted Restricted Endowment Total 2024 Total 2023 Funds Funds Funds 7. OTHER EXPENDITURE Property maintenance Organisation expenses Total 29442 12962 42404 29442 12962 42404 7575 12595 20170 8. INVESTMENTS Total g. FIXED ASSETS The Congregation owns the Church premises (including Halls) situated at Frances Street, Newtownards, County Down and the Manse situated in Newtownards. These have ars insurance value of £7,381,294.34 for ChurchlHalls Buildings and Contents as at last renewal date 3111012024 Also Manse of £485,362.50 at same date.
FIRST PRESBYTERIAN CHURCH, NEWTOWNARDS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) Year Ended 3111212024 10. FUND BALANCES Fund Opening Receipts Payments Balance Surplus l Transfer (Deficit) Closing Balance Unrestricted Funds General Fund 21030 97729 110862 -13133 7897 Total 21030 97729 110862 -13133 7897 Restricted Funds PropertylBuilding Fund Missions Fund Special Collections Dalzell Fund Finlay Fund Total Organisations 45047 3445 10113 21907 2582 29443 19709 2582 -19330 2198 25717 5643 427 119 11400 427 119 10058 11620 12962 -1342 Total 60438 46222 64696 -18474 41964 Endowment Funds Investment Anderson and Others Sundry Bequests 50000 14023 2918 50000 14023 2918 Total 66941 66941 TOTAL FUNDS 148409 143951 175558 -31607 116802
FIRST PRESBYTERIAN CHURCH, NEVVTOWNARDS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND RECEIPTS AND PAYMENTS ACCOUNT Year Ended 3111212024 Note Unrestricted Restricted Endowment Total 2024 Total 2023 Funds Funds Funds RECEIPTS Donations and Legacies Charitable Activities Investment Income Other Income Total 94634 12478 22123 107112 22123 3095 11620 143950 115040 19081 1197 13234 148552 3095 11620 46221 97729 PAYMENTS Cost of Charitable Activities Other Costs Investment Costs Total 110862 22291 42404 133153 42404 131047 20170 110862 64695 175557 IS1217 NET RECEIPTS -13133 -18474 -31607 -2665 Transfers Beeen Funds NET MOVEMENT IN FUNDS -13133 -18474 -31607 -2665 CASH AT BANK AND IN HAND 3111212023 21030 60438 66941 148409 151074 CASH AT BANK AND IN HAND 3111212024 10 7897 41964 66941 116802 148409
FIRST PRESBYTERIAN CHURCH, NEWTOWNARDS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES Year Ended 3111212024 Unrestricted Restricted Endowment Total 2024 Total 2023 Funds Funds Funds FUNDS RECONCILIATION Cash at Bank and In Hand 3111212023 Surplus This Year Cash at Bank and In Hand 3111212024 21030 -13133 7897 60438 -18474 41964 66941 148409 -31607 116802 151074 -2665 148409 66941 BANK AND CASH BALANCES Bank Deposit Accounts Bank Current Accounts Total 50000 66802 116802 50000 98409 148409 OTHER ASSETS Investments - Note 8 Fixed Assets - Note 9 Church Buildings The Manse Fixtures and Fittings Total Total 116802 148409 Approved by the Trustees and signed on their behalf; Signed Naiiie Paiil Craig Riissell Ai'nioiii. (Ti'LlStee) (Triistee)