New Row Presbyterian Church
a congregation of the Presbyterian Church in Ireland
Flnancial Statements
for the year ended 31 December 2024
Registered with the Charity Commission for Northern Ireland NIC105351

NEW ROW PRESBYfERIAN CHURCH
a Congregation of the Presbyterlan Church In Ireland
STATEMENT OF FINANCIAL AcfiviTY
for the year ended 31 December 2024
Unrestricted Restricted
Notes Funds
Funds
Endowment Total Funds
Funds
2024
Total Funds
2023
Donation5 and Legacie5
159.102
103.611
262,713
226,396
Charitable activities
5,878
9,705
15,583
12.424
Investments
743
1,385
2,128
1,923
Other
Total
241943
Expenditure on:
Raising funds
688
672
Charltable activlties
Total
235 227
236 090
Net Income / (Expenditure)
953
44,244
45,197
5,853
Transfers between funds
Gainsl(lossesl on revaluation of
investments
Net movement in funds
953
Reconciliation of funds-
Total funds brought forward
46 ￿ 993 190
1073 345
1065 566
Total funds carried forward

NEW ROW PRESBYfERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
BALANCE SHEET
As at 31 December 2024
Unrestricted Restricted
Notes Funds
Funds
Endowment Total Funds
Funds
2024
Total Funds
2023
Fixed Assets:
Tangible assets
io
1,080,494
1,080,494
1,102,552
Investments
11
Total Fixed Assets
1080 494
1 114 834
1135 711
Current Assets
Debtors
12
6,131
1,510
7,641
8,282
Cash at bank
13
Total Current Assets
136 885
100 298
Creditors.. Amounts falling due in
under l year
14
Net Current Assets/(Liabilities)
Total Assets less Current Liabilities
47 949 1110 163
1192 452
1180 113
Creditors: Amounts falling due
after more than l year
15
106 768
Total Net Assets
47 949 1037 434
1119 723
1073 345

NEW ROW PRESBYTERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
BALANCE SHEET
As at 31 December 2024
Unrestricted Restricted
Notes Funds
Funds
Endowment Total Funds
Funds
Total Funds
2023
2024
Funds of the charity
Endowment funds
16
34,340
34,340
33,159
Restricted income funds
16
1,037,434
1,037,434
993,190
Unrestricted funds
16
Total charity funds
47 949 1037 434
1119 723
1073 345
Approved by the Kirk Session and signed on its behalf by
Signed by:
Date: 12th May 2025
{Rev. Jonny McKane)
{Mr Adrian Cochrane)

NEW ROW PRESBYTERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS
31 December 2024
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of RecorAmended Practice applicable to charities preparing their accounts in
accordance with Financial Reporting Standard applicable in the UK and Ireland {FRS1021 (effective I
January 20151.
The financial statements have been prepared under the historical cost convention except for
investment assets, which are shown at market value. The financial 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 gatherings of church members.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently 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 fund5 comprise la) 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.

NEW ROW PRESBYfERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS {conVd)
31 December 2024
ACCOUNTING POLICIES (convd)
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities {SoFA) when:
the congregation becomes entitled to the resources;
the trustees are virtually certain that they will receive the resources; and
the monetary value can be measured with sufficient reliability.
Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fundraising income) the Incoming
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 resources.
{Iv)
Tax reclalms on donations and gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which
they relate.
(v)
Gifts in kind
No gifts in kind were received during the year.
(vi}
Donated services and facilitles
No donated services and facilities were received during the year.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the
trustees, annual report.
Iviii) Investment income
This is included in the accounts when receivable.
Investment gains and1055es
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing
investments to market value at the end of the year.

NEW ROW PRESBYfERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS {conVd)
31 December 2024
ACCOUNTING POLICIES {conVd)
EXPENDITURE AND LIABILITIES
Llablllty recognltlon
Liabilities are recognised as soon as there is a legal or constructive obligation committing the
congregation to pay out resources.
ASSETS
(xl) Tanglble Flxed Assets
Tangible fixed assets for use by the charity are capitalised if they can be used for more than one
year, and c05t at least £1,000. They are valued at cost or at market value.
Depreciation is recorded on all tangible f ixed assets other than freehold land, at rates calculated to
write off the cost, less estimated residual value, of each asset over its expected useful life as fo51ows:
Buildings
- over 50 years
Fixtures, fittings and equipment
over 10 years
Computers, software and technical equipment - over 4 year5
{xii) 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 PRESBYfERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS (convd)
31 December 2024
DONATIONS AND LEGACIES
Unrestricted Restricted
Funds
Funds
Endowment
Funds
Total Funds Total Funds
2024
2023
Recorded giving
Loose collections
Donations and gifts
Gift Aid
132,046
1,986
65,619
197,665
1,986
26.643
185,506
1,304
2,400
26,643
159 102
103 611
262 713
226 396
CHARITABLE AcfiviTIES
Unrestricted
Funds
Restricted
Funds
Endowment Total Funds Total Funds
Funds
2024
2023
Income from Charitable Activities
Membership Fees
Grants
5,878
5,668
750
11,546
750
9,059
365

NEW ROW PRESBYTERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS (conyd)
31 December 2024
INCOME FROM INVESTMENTS
Unrestricted Restricted
Funds
Funds
Endowment Total Funds Total Funds
Funds
2024
2023
Bank interest
General Investment Fund (PCI)
Northern Ireland Central
Investment Fund for Charities
743
389
95
1,132
95
1,218
65
901
901
640
743
OTHER INCOME
Unrestricted Restricted
Funds
Funds
Endowment
Funds
Total Funds Total Funds
2024
2023
Miscellaneous income

NEW ROW PRESBYTERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS (conVd}
31 December 2024
RAISING FUNDS
Unrestricted Restricted
Funds
Funds
Endowment Total Funds Total Funds
Funds
2024
2023
FWO envelopes
688
688
672
CHARITABLE AcfiviTIES
Unrestricted Restricted
Funds
Funds
Endowment Total Funds Total Funds
Funds
2024
2023
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
(note 81
Other staff costs
Congregationa5 running expenses
M issions & Charities
24,639
877
24,639
877
22,259
821
107,054
747
30,765
107,054
747
84.427
91,901
2,052
96,962
53,662
235 418
io

NEW ROW PRESBYTERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS (convd)
31 December 2024
EMPLOYEES
Employment Costs
Total Funds Total Funds
2024
2023
Wages and Salaries
Expenses
Social Security Costs
Pension contributions (excluding minister)
92,868
7,036
5,774
81,380
5,170
4,138
107 054
Number of Employees
The average number of employees during the year was..
Total Funds Total Funds
2024
2023
No.
Ministerial Team
Others
Average number of all employees
There were no employees in receipt of employee benefits in excess of £60,000.
li

NEW ROW PRESBYfERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS {conYd)
31 December 2024
PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme
120091. This 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
employer's pension contributfon for the Scheme and based on the stipend paid to the minister. The
Presbyterian Church in Ireland Pension Scheme120091 is a funded 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 trustees. 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 240A of pensionable salaries to cover the accrual of benefits for future service,
expenses, the cost of insuring death in service benefits and funding the scheme deficit.
The contributions made by the congregation during the year were:
Total Funds Total Funds
2024
2023
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
2024
2023
Contributions
12

NEW ROW PRESBYfERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS (conVd}
31 December 2024
io.
TANGIBLE FIXED ASSErs
Fixtures
and
Fittings
Land &
Buildings
Technical
Total
Equipment 2024
At I"January 2024
Additlons
At 31" December 2024
1,268,595
52,971
34,221
1,355,787
1268 595
1355 787
Depreclatlon
At I" January 2024
Charge for year
At 31" December 2024
167,629
51,532
34,074
147
253,235
188 101
275 293
Net Book Value
At 31" December 2024
1080 494
1080 494
At 31" December 2023
1100 966
147
1102 552
11.
INVESTMENTS
2024
2023
General Investment Fund
Northern Ire13nd Central Investment Fund for Charities
4,034
3,851
5t
Value at l January 2024
Gain/lLossl on revaluation
Value at 31" December 2024
33,159
31,233
13

NEW ROW PRESBYTERIAN CHURCH
Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS (convd)
31 December 2024
ii.
INVESTMENTS (conyd)
The congregation does not directly hold investments that are listed on recognised stock exchanges.
The congregation however holds shares in the General Investment 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 valued on 31, December 2024 and are included in
the Balance Sheet at that value.
The congregation also hold shares in the Northern Ireland 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 their funds with the benefit of expert supervision. It is managed by the Department for
Communities through recognised fund managers, but its investment policy is guided by a locally
based advisory committee appointed by the department, which meets in February, May, August and
November each year. The fund operates as a discretionary managed fund. Participating charities
pool their investments and are given 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 a Ilocation between fixed-interest securities and equities is reviewed and adjusted
periodically, in line with the fund's investment policy. The Fund is formally valued at the end of each
month and our congregation's share of its value as at 31, December 2024 is included in the Balance
Sheet,
All investments of the Congregation are therefore held within the category of quoted securities.
2024
2023
Valuation
Quoted securities
14

NEW ROW PRESBYfERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS (convd)
31 December 2024
12.
DEBTORS
2024
2023
Gift Aid Recoverable
Prepaid Expenses
4,331
4,109
13.
CASH AT BANK AND ON HAND
2024
2023
Ulster Bank Deposit Account
Ulster Bank Current Account
Ulster Bank Buildin8 Account
Boys Brigade
Sunday Bible Club
Bowling Club
Girls Brigade
NRW
Tuesday Drop In
Choir
Friendship Circle
Cash on Hand
26,000
75,006
19,147
3,146
458
1,889
2,193
779
23
301
195
107
129 244
72,076
10,612
3,041
615
1,981
2,099
1,033
50
301
ioi
107
14.
CREDITORS.. amount falling due within one year
2024
2023
UA and Missions
Accrued expenses
Bank Loan repayments
17.071
4,696
15,655
2,741
15

NEW ROW PRESBYfERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS (convd)
31 December 2024
15.
CREDITORS: amount falling due after more than one year
2024
2023
Ulster Bank loan (see note belewl
106 768
Note- The bank loan is secured on the following freehold properties:
Church building and halls at New Row, Coleraine; property at 24 Society
St., Coleraine and property at 24 Grange Road, Coleraine (church mansel.
16.
FUND BALANCES AND RECONCILIATION OF FUNDS
Balance at
I" Jan 2024
Galnsl
Losses
Balance at
31" Dec 2024
Income
Expenditure
Transfers
Unrestricted Funds
General Fund
46,996
165,723
164,770
47,949
Restricted Funds
General Fund
Building Fund
Bequest Fund
Charities Fund
Bowling Club
Boys, Brigade
Church Choir
Friendship Circle
Girls, Brigade
NRW
Sunday Bible Club
Tuesday Drop-in
Youth Fellowship
5,802
969,280
3,435
7,451
1,982
3,041
301
106
18,373
85,589
17,014
41,977
711
1,012,892
3,435
7,451
1,890
3,146
301
200
2,194
779
(963)
25
11,077)
1,037,434
583
5,262
675
5,157
393
299
2,316
2,156
278
151
434
70,457
2,100
1,033
(7501
52
(6431
993,190
2,410
1,902
65
124
114,701
Endowments
33,159
1,181
34,340
Total
1,073,345
280,424
235,227
1,181
1,119,723
16

NEW ROW PRESBYTERIAN CHURCH
a Congregation of the Presbyterian Church in Ireland
NOTES TO THE FINANCIAL STATEMENTS (convd)
31 December 2024
17.
RELATED PARTY TRANSAcfioNS
One of the Trustee5, the minister of the congregation. received remuneration of £43,916 and
expenses of £7,036 for acting in that capacity. Pension contributions of £10,540 were paid by the
congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme12009).
None of the other trustees received any remuneration, or expense5 during the year in connection
with their duties apart from the reimbursement of expenses laid out by them wholly and exclusively
on behalf of the congregation.
There were no other related party transactions.
17