New Row Presbyterian Church
a congregation of the Presbyterian Church in Ireland
Flnanclal Statements
for the year ended 31 December 2023
Registered with the Charity Commission for Northern Ireland NIC105351

NEW ROW PRESBYTERIAN CHURCH
a Congregatlon of the Presbyterlan Church In Ireland
STATEMENT OF FINANCIAL ACTIVITY
for the year ended 31 December 2023
Unrestrlcted Restricted
Notes Funds
Funds
Endowment Total Funds
Funds
2023
Total Funds
2022
Donations and Legacies
143,919
82,477
226,396
225,953
Charitable activities
3,177
9,247
12,424
9,582
Investments
784
1,139
1,923
1,200
other
Total
Expenditure on:
Raising funds
672
672
721
Charitable activities
147 583
235
214 056
Total
148 255
236 090
214 777
Net Income / (Expenditure}
13751
6,228
5,853
29,368
Transfers between funds
400
14001
Gains/llosses) on revaluation of
investments
Net movement in funds
25
Reconcil iation of funds..
Total fund5 brought forward
46,971
987,362
31,233
1,065,566
1,045,605
Total funds carried forward
46,996
993,190
33,159
1,073,345
1,065,566

NEW ROW PRESBYfERIAN CHURCH
a Congregatlon of the Presbyterlan Church in Ireland
BALANCE SHEET
As at 31 December 2023
Unrestricted Restrlcted Endowment Total Funds
Notes Funds
Funds
Funds
2023
Total Funds
2022
Flxed Assets:
Tangible assets
io
1,102,552
1,102,552
1,128,666
Investments
li
Total Fixed Assets
1102 552
1135 711
1159 899
Current Assets
Debtors
12
5,745
1,537
8,282
13,885
Cash at bank
13
Total Current Assets
100 298
108 523
Creditors: Amounts falling due In
under l year
14
Net Current Assets/lLiabilities)
Total Assets less Current Llabllltles
99
1099 958
1180 113
1212 095
Creditors: Amounts falllng due
after more than l year
15
106 768
106 768
146 529
Total Net Assets
993 190
1073 345
1065 566

NEW ROW PRESBYfERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
BALANCE SHEET
As at 31 December 2023
Unrestrlcted Restrlcted
Notes Funds
Funds
Endowment Total Funds
Funds
2023
Total Fund5
2022
Funds of the charity
Endowment funds
16
33,159
33,159
31,233
Restricted income funds
16
993,190
993,190
987,362
Unrestricted funds
16
Total charltyfunds
993 190
1073 345
1065 566
Approved by the Klrk Sesslon and signed on Its behalf by
Signed by:
Date: 14 May 2024
(Rev. Jonny McKane)
(Mr Adrian Cochrane)

NEW ROW PRESBYfERIAN CHURCH
a Congregatlon of the Presbyterian Church In Ireland
NOTES TO THE FINANCIAL STATEMENTS
31 December 2023
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance wlth Flnanclal Reporting standa rd applicable in the UK and Ireland IFR5102) (effective I
January 20151.
The flnanclal statements have been prepared under the historical cost convention except for
investment assets, which are shown at market value. The flna nclal statements Include all
transactions, assets and liabilities for which the congregation is responsible in law. They do not
include the accounts of church groups that owe their affiliation to another body, nor those that are
informal gatherlngs of church members.
FUND ACCOUNTING
Endowment fund5 are funds, the capital of which must be retained either permanently or at the
congre8ation'5 discretion; the income derlved from the endowment is to be used elther as restricted
or unrestricted Income funds depending upon the purpose for which the endowment was
established in the f irst place.
Restricted funds comprise lal income from endowments which is to be expended only on the
restrlcted purposes intended by the donor and Ibl revenue donation5 or Brants for a specific
congregational activity intended by the donor. Where these funds have unspent balances, interest
on their pooled i nvestment is apportioned to the individual funds on an average balance basls.
Unrestricted funds are income funds which are to be spent on the congregation's general purposes.
Designated funds are general funds set aslde by the congreEatlon for use In the future.

NEW ROW PRESBYfERIAN CHURCH
a Congregatlon of the Presbyterlan Church In Ireland
NOTES TO THE FINANCIAL STATEMENT5 Iconvd)
31 December 2023
ACCOUNTING POLICIES (cont'd}
INCOMING RESOURCES
Recognltlon of Incomlng resources
These are included in the Statement of Financial Activities (SOFA) when:
the con8re8ation becomes entltled to the resources;
the trustees are virtually certain that they will receive the resources- and
the monetary value can be measured with sufficient reliability,
Incomlng resources wlth related expendlture
Where incoming resources have related expenditure las with fundralsing Income) the Incomlng
resources and related expenditure are reported gross in the SOFA.
Grants and donations
Grants and donations are only included in the SOFA when the congregation has
unconditional entitlement to the resource5.
liv}
Tax reclalms on donatlons and glfts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which
they relate.
(v}
Glfts In klnd
No gifts I n kind were recelved durlnE the year.
(vi)
Donated services and facilitles
No donated services and facilities were received during the year.
(vll}
Volunteer help
The value of any voluntary help received is not included in the account5 but is described in the
trustees, annual report,
Iviii) Investment incorne
This is included in the accounts when receivable.
(ix}
Investment gain5 and1055es
This includes any gain or loss on the sale of investments and any gain or loss resulti ng f rom revaluing
investments to market value at the end of the year.

NEW ROW PRESBYfERIAN CHURCH
a Congregation of the Presbyterlan Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS {conVd)
31 December 2023
ACCOUNTING POLICIES (cont'd)
EXPENDITURE AND LIABILITIES
Llablllty recoEnltion
Liabilities are recognised as soon as there is a legal or constructlve obllgation committing the
congregation to pay out resources.
ASSErs
(xil Tangible Fixed A55ets
Tanglble f ixed assets for use by the charFty are ca pitalised if they can be used for more tha n one
year, and cost at least £1,000. They are valued at C05t or at market value.
Depreciation is recorded on all tangible fixed assets other than f reehold land, at rates calculated to
write off the cost, less estimated residual value, of each asset over its expected useful Ilfe as follows..
Bulldlngs
- over 50 years
Fixtures, f ittings and equipment
over 10 years
Computers, software and technical equipment
over 4 years
Ixll} Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. No
other Investment assets were held by the trustees during the year.

NEW ROW PRESBYTERIAN CHURCH
a Con8re8ation of the Presbyterian Church In Ireland
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
31 December 2023
DONATIONS AND LEGACIES
Unrestrlcted Restrlcted
Funds
Funds
Endowment Total Funds Total Fund5
Funds
2023
2022
Recorded glving
Loose collections
Donatlons and glfts
Gift Aid
118,260
1,304
67,246
185.506
1,304
2,400
185,254
980
2,692
2,400
143 919
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted
Funds
Endowment Total Funds Total Funds
Funds
2023
2022
Income from Charita ble Activities
Membership Fees
Grants
2,577
6,482
365
9,059
365
4,380
2,602
600

NEW ROW PRESBYTERIAN CHURCH
a Congregatlon of the Presbyterlan Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS Icont'd
31 December 2023
INCOME FROM INVESTMENTS
Unrestrlcted Restricted
Funds
Funds
Endowment Total Funds Total Funds
Funds
2023
2022
Bank interest
General Investment Fund IPCI)
Northern I reland Central
Investment Fund for Charities
784
434
65
1,218
65
137
42
784
OTHER INCOME
U nrestricted Restricted
Funds
Funds
Endowment Total Funds Total Funds
Funds
2023
2022
Mlscellaneous income
410

NEW ROW PRESBYTERIAN CHURCH
a Congregation of the Presbyterian Church In Ireland
NOTES TO THE FINANCIAL STATEMENTS Iconvd)
31 December 2023
RAISING FUNDS
Unrestrlcted Restrlcted
Funds
Funds
Endowment Total Fund5 Total Funds
Funds
2023
2022
FWO envelopes
672
672
721
CHARITABLE ACTIVITIES
Unrestricted Restricted
Funds
Funds
Endowment
Funds
Total Funds Total Funds
2023
2022
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Inote 8}
Other staff costs
Congregational running expense5
Missions & Charities
22,259
821
22,Z59
821
17,396
897
91,901
2,052
30,550
91,901
2,052
96,962
69,765
5,897
99,320
66,412
147 583
235 418
214 056
io

NEW ROW PRESBYfERIAN CHURCH
a Congregatlon of the Presbyterian Church In Ireland
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
31 December 2023
EMPLOYEES
Employment Costs
Total Funds Total Fund5
2023
2022
Wages and 5alarie5
Expenses
Social Security Costs
Pension Contri butlons lexcludi ng mlni5terl
81.380
5,170
4,138
62,149
3,538
3,223
855
Number of Employees
The average number of employees durlng the year was:
Total Funds Total Funds
2023
2022
No.
Minlsterlal Team
Others
Average number of all employees
There were no employees in receipt of employee benefits in excess of £60,000.
li

NEW ROW PRESBYTERIAN CHURCH
a Congregatlon of the Presbyterlan Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
31 December 2023
PENSION COST5
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme
12009). Th is is a scheme operated by the Presbyterian Church in Ireland, a separately registered
charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the
employe¢s pension contribution for the Scheme and based on the stipend paid to the minister. The
Presbyterian Church in Ireland Pension Scheme {2009) is a f unded Scheme of the defined benefit
type• providing defined benefits based on career average revalued salary. The Scheme has assets
held in a separately administered fund managed by a board of trustee5. The Presbyterian Church and
the Scheme Trustees have agreed a funding plan to ensure that the Scheme is sufficiently funded to
meet current and future obligations. A formal schedule of contributions was drawn up on 25
November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015
contributions of 24% of pensionable salaries to cover the accrual of benefits for future service,
expenses, the c05t of insuring death in service benefits and f unding the scheme deflclt.
The contributions made by the congregation during the year were:
Total Funds Total Funds
2023
2022
Contributions
The congregation also operates a defined pension contribution scheme for its other employees. The
scheme and its assets are held by an independent scheme manager. The pension charge represents
the contributions due from the congregation during the year.
Total Funds Total Funds
2023
2022
Contributions
855
855
12

NEW ROW PRESBYTERIAN CHURCH
a Con8re8ation of the Presbyterian Church In Ireland
NOTES TO THE FINANCIAL STATEMENTS (¢onVd)
31 December 2023
io.
TANGIBLE FIXED ASSErs
Fixtures
and
Flttings
Land &
Bulldlngs
Technlcal
Total
Equipment 2023
At I" January 2023
Additions
At 31st December 2023
1,268,595
52,971
34,221
1,355.787
1268 595
1355 787
Depreciation
At I" January 2023
Charge for year
At 3151 December 2023
147,157
46,235
33,729
345
227,121
167 629
253 235
Net Book Value
At 31SI December 2023
1100 966
439
147
1102 552
At 31° December 2022
1121438
492
1128 666
ii.
INVESTMENTS
2023
2022
General Investment Fund
Northern Irela nd Central Investment Fund for Charitie5
3,851
3,532
Value at I" January 2023
Gain/lLossl on revaluation
Value at 31" December 2023
31,233
40,640
13

NEW ROW PRESBYfERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS Icont'd
31 December 2023
ii.
INVESTMENTS {conVd)
The congregation does not directly hold investments that are listed on recognised stock exchanges.
The congregation however holds shares in the General Investrnent Fund which is managed by the
Trustees of the Presbyterian Church in Ireland, a corporate body established under the Irish
Presbyterian Church Act 1871. The shares were formally valued on 31, December 2022 and are
included in the Balance Sheet at that value.
The congregation a Iso hold shares i n the Northern Irela nd Central Investment Fund For Charities.
Established in 1965 through the Charities Act (Northern Ireland) 1964 the Northern Ireland Central
Investment Fund for Charities aims to provide charity trustees with the opportunity to invest all or
part of thelr funds with the benefit of expert supervision. It is managed by the Department for
Communities through recognised fund managers, but its investment pol icy is gu ided by a locally
based advisory committee appointed by the department, which meets in February, Mayj August and
November each year, The fund operates as a discretionary managed fund. Participating charities
pool thelr Investments and are glven a proportionate number of shares in the fund based on the
most recent valuation (share pricel. The fund invests in fixed-interest securities and selected
equities. The allocation between fixed-interest securities and equlties is reviewed and adjusted
periodicallyi in line with the fund's investment policy. The Fund Is formally valued at the end of each
month and our congregatlon's share of Its value as at 31. December 2022 is included in the Balance
Sheet.
All investments of the Congregation are therefore held withi n the category of quoted 5ecuritie5.
2023
2022
Valuation
Quoted securities
14

NEW ROW PRESBYTERIAN CHURCH
a Congregatlon of the Presbyterlan Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
31 December 2023
12.
DEBTORS
2023
2022
Gift Aid Recoverable
Prepaid Expenses
4.109
10,722
13.
CASH AT BANKAND ON HAND
2023
2022
Ulster Bank Current Account
U15ter Ban k Building Account
Boys BrlEade
Sunday Bible Club
8owllng Club
G irls Brigade
pw
Tuesday Drop In
Choir
Friendshlp Clrcle
Cash on Hand
72,076
10,612
3,041
615
1,981
2,099
1,033
50
301
ioi
107
68,846
16,202
4,317
239
2,089
2,140
315
105
301
84
14.
CREDITORS: amount falling due within one year
2023
2022
UAand Missions
Accrued expenses
Bank Loan repayment5
15,655
2,741
15,483
3,344
15

NEW ROW PRESBYTERIAN CHURCH
Congregation of the Presbyterian Church In Ireland
NOTES TO THE FINANCIAL STATEMENTS Icont'd)
31 December 2023
15.
CREDITORS: amount falling due after more than one year
2023
2022
U Ister Ban k loan (see note below)
106 768
146 529
Note: The bank loan is secured on the following freehold properties:
Church building and halls at New Row, Colerainei property at 24 Society
5t., Coleraine and property at 24 Grange Road, Coleraine (church mansel.
16.
FUND BALANCES AND RECONCILIATION OF FUNDS
Balance at
ilt Jan 2023
Galnsl
Losses
Balance at
31" Dec 2023
Income
Expenditure
Transfers
Unrestrlcted Funds
General Fund
46,971
147,880
148,255
400
46,996
Restricted Funds
General Fund
Building Fund
Bequest Fund
Charities Fund
Bowling Club
Boys, Brlgade
Church Choir
Friendship Circle
Girls, Brigade
Presbyterian Women
Sunday Bible Club
Tuesday Drop-in
Youth Fellowship
5,770
961,456
3,435
7,451
2,090
4,317
301
89
2,140
315
1376)
107
267
987,362
23,824
61,062
23,792
53,238
5,802
969,280
3,435
7,451
1,982
3,041
301
106
2,100
1,033
17501
52
16431
993.190
45
3,706
153
4,982
281
2,008
2,820
206
iii
264
1,898
1,952
580
66
910
87,835
1150)
11501
iiooi
94.063
(400)
Endowments
31,233
1,926
33,159
Total
1,065.566
241.943
236.090
1,926
1,073.345
16

NEW ROW pRE5B￿ERIAN CHURCH
Congregation of the Presbyterian Church In Ireland
NOTES TO THE FINANCIAL STATEMENTS {conVd)
31 December 2023
17.
RELATED PARTY TRANSACTIONS
One of the Trustees, the minister of the congregation, received remuneration of £32,403 and
expenses of £5,165 for acting In that capacity, Pension contributions of £7,777 were paid by the
congregation in respect of the minister to the Presbyterlan Church in Ireland Pension Scheme {20091.
None of the other trustees received any remuneration, or expenses during the year In connection
with their duties apart from the reimbursement of expenses laid out by them wholly and excluslvely
on behalf of the congregation.
There were no other related party transactions.
17

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PART OF THE STATUTORY ACCOUNTS
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