OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

Newtowncrommelin Congregation of the Presbyterian Church In Ireland Statement of Financial Activity (Receipts and Payments Account) for the year ended 31st December 2023

Note
Receipts
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investment Income
5
Other
6
Sale of investments
Sale of fixed assets
Loans received
Total Receipts
Payments
Raising funds
7
Charitable activities
8
Investment costs
Other
9
Purchase of investments
Purchase of fixed assets
Loan repayments
Total Payments
Net receipts / (payments)
Transfer between funds
Net movement in funds
Funds brought forward
Funds carried forward
12		 Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
2023
2022
£
£
£
£
£
34,487
16,552
-
51,039
51,782
-
-
-
-
920
6204
-
7,124
4,754
1,934
-
218
2,152
903
0
-
-
0
69
37,342
22,756
218
60,316
57,508
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
37,342
22,756
218
60,316
57,508
270
-
-
270
276
21,211
22,034
0
43244.86
67643
-
-
-
-
-
-
-
-
-
-
21,481
22,034
0
43,515
67,919
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
21,481
22,034
0
43,515
67,919
15,861
722
218
16,801
-10,411
-
-
-
-
-
15,861
722
218
16,801
-10,411
63,715
16,445
9,504
89,664
100,075
79,576
17,167
9,722
106,464
89,664

Page 1 of 7

Newt¢y￿nCrOMrneIIn C￿ePtIon of the Preslryterian Chwch In Irelarrfl Statement of FInar￿la1 Activity (Receipts and Payments Accfxtt) As at 31st December 2023 U￿estrICted Restricted ENkMTm•nt T(al F￿￿15 FUNIS 2023 Total Funds 2022 Funds balance at start of year Net mven*nt in funds 63,715 15,861 79.576 16.445 722 17,167 89.664 16,801 106.464 100.075 -10.411 89.664 218 9.722 year Bank Deposit Accounts Bank Qjrrent Accounts Cash in Hand 79,917 24 79,941 63,542 24 63,566 Fixed Assets ￿te 10 InvestnEnts - Nbte 11 Grft Aid receivable on donations 26,524 5.302 31.826 26,098 5.148 31.246 Loans Approved by the Kirk Session at a rr￿tIng on 28th ￿Y 2024 and signed on its behalf by: 4AaL- Jim Gillan ev David MCG Page2of7

Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts 31st December 2023

1. ACCOUNTING POLICIES

Basis of Financial Statements

As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Acounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a rec and payments basis.

Fund Accounting

Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretio the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon purpose for which the endowment was established in the first place.

Restricted funds comprise (a) income from endowments which is to expended only on the restricted purposes intended the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where thes 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 general funds set aside by the congregation for use in the future.

2. DONATIONS AND LEGACIES

Recorded giving
Loose collections
Donations and gifts
Gift Aid
Legacies and bequests
Total		 Unrestricted
Restricted
Endowment
Total Funds
Total Funds
Funds
Funds
Funds
2023
2022
£
£
£
£
£
25,535
5,130
-
30,665
29,897
1870
6,207
-
8,077
5,207
3,279
4,015
-
7,294
11,656
3,803
1,199
-
5,002
5,022
-
-
-
-
-
34,487
16,551
-
51,038
51,782

Page 3 of 7

Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts (continued) 31st December 2023

3. CHARITABLE ACTIVITIES

3. CHARITABLE ACTIVITIES
Income from charitable activities
Fees from weddings and funerals
Fundraising events
Membership fees
Grants received
Total		 Unrestricted
Restricted
Endowment
Total Funds
Total Funds
Funds
Funds
Funds
2023
2022
£
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

4. OTHER TRADING ACTIVITIES

Letting of premises
Trading income
Total		 Unrestricted
Restricted
Endowment
Total Funds
Total Funds
Funds
Funds
Funds
2023
2022
£
£
£
£
£
920
6204
-
7124
4754
-
-
-
-
-
920
6204
-
7124
4754

5. INVESTMENT INCOME

Deposit interest
General Investment Fund
Rents investment properties
Other investment income
Total		 Unrestricted
Restricted
Endowment
Total Funds
Total Funds
Funds
Funds
Funds
2023
2022
£
£
£
£
£
161
-
-
161
100
-
-
-
-
-
-
-
-
-
-
1,773
-
218
1991
803
1,934
0
218
2,152
903

Page 4 of 7

Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts (continued) 31st December 2023

6. OTHER INCOME

Insurance claims
Other income
Total
7. RAISING FUNDS
FWO envelopes
Fundraising events
Total		 Unrestricted
Restricted
Endowment
Total Funds
Total Funds
Funds
Funds
Funds
2023
2022
£
£
£
£
£
-
-
-
-
-
0
-
-
0
69
0
0
-
0
69
Unrestricted
Restricted
Endowment
Total Funds
Total Funds
Funds
Funds
Funds
2023
2022
£
£
£
£
£
270
-
-
270
276
-
-
-
0
-
270
-
-
270
276

8. CHARITABLE ACTIVITIES

Unrestricted Restricted Endowment Total Funds Total Funds
Funds Funds Funds 2023 2022
£ £ £ £ £
General Assembly Assessments 2,549 - - 2,549 10,066
Presbytery Fees 118 - - 118 125
Ministry and support staff costs 12,266 - - 12,266 7,004
Congregational running expenses 4,348 10,760 0 15,108 26,628
Donations to Missions and Charities 1,930 11,274 - 13,204 23,819
Governance costs - - - - -
Total 21,211 22,034 0 43,245 67,642

Page 5 of 7

Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts (continued) 31st December 2023

9. OTHER EXPENDITURE

Investment properties expenses
Total		 Unrestricted
Restricted
Endowment
Total Funds
Total Funds
Funds
Funds
Funds
2023
2022
£
£
£
£
£
-
-
-
-
-
-
-
-
-
-

10. FIXED ASSETS

The congregation owns the church building together with the church hall and manse situated at Skerry Road East, Newtowncrommelin and the associated fixtures, fittings, plant and machinery. These have a combined insurance value of £1,948,396.65

11. INVESTMENTS

Details of the investment as at 31/12/23
Total		 2023
2022
£
£
26,524
26,098
26,524
26,098

The Church is the beneficiary of the income from investments held in the name of Wm McAlister Settlement No 2 Trust.

Page 6 of 7

Newtowncrommelin Congregation of the Presbyterian Church In Ireland Notes to the Accounts (continued) 31st December 2023

12. FUND BALANCES

Unrestricted Funds
General Acccount
Total
Restricted Funds
Property Fund
Mission Fund
Sunday School
PW
Choir
Youth
Total
Endowment Funds
Bequest Fund
Total
Total		 Balance at
Receipts
Payments
Surplus /
Balance at
Start
(Defecit)
End
£
£
£
£
£
63,715
37,342
21,481
15,861
79,576
63,715
37,342
21,481
15,861
79,576
8,734
12,056
10,720
1,336
10,070
4,602
7,036
7,492
(457)
4,146
1,574
-
-
-
1,574
1,147
3,664
3,822
(158)
989
158
-
-
-
158
230
-
-
-
230
16,445
22,756
22,034
722
17,167
9,504
218
0
0
9,722
9,504
218
0
0
9,722
89,664
60,315
43,515
16,582
106,464

Page 7 of 7