NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Trustees Annual Report and Financial Statements for the year ended 31 December 2022
Registered Charity in Northern Ireland (NIC105663)
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
TABLE OF CONTENTS
| REFERENCE AND ADMINISTRATIVE DETAILS ..................................................... 2 |
|---|
| STRUCTURE AND MANAGEMENT ......................................................................... 3 |
| DESCRIPTION AND PURPOSE................................................................................ 4 |
| ACTIVITIES AND OBJECTIVES ............................................................................... 5 |
| ACHIEVEMENTS AND PERFORMANCE ................................................................. 5 |
| PUBLIC BENEFIT STATEMENT ............................................................................... 8 |
| FINANCIAL REVIEW ................................................................................................. 9 |
| STATEMENT OF TRUSTEE RESPONSIBILITIES.................................................... 9 |
| INDEPENDENT EXAMINER’S REPORT ................................................................ 10 |
| STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) ..... 11 |
| STATEMENT OF ASSETS AND LIABILITIES ........................................................ 13 |
| NOTES TO THE ACCOUNTS ................................................................................. 14 |
| 1. ACCOUNTING POLICIES ....................................................................................... 14 |
| 2. DONATIONS AND LEGACIES ............................................................................... 14 |
| 3. CHARITABLE ACTIVITIES ..................................................................................... 15 |
| 4. OTHER TRADING ACTIVITIES .............................................................................. 15 |
| 5. INVESTMENT INCOME .......................................................................................... 16 |
| 6. OTHER INCOME .................................................................................................... 16 |
| 7. RAISING FUNDS .................................................................................................... 16 |
| 8. CHARITABLE ACTIVITIES ..................................................................................... 17 |
| 9. OTHER EXPENDITURE.......................................................................................... 17 |
| 10. FIXED ASSETS ................................................................................................... 18 |
| 11. INVESTMENTS ................................................................................................... 18 |
| 12. FUND BALANCES .............................................................................................. 19 |
Page 1 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2022 including a Statement of Assets and Liabilities as at that date.
REFERENCE AND ADMINISTRATIVE DETAILS
Newmills congregation of the Presbyterian Church in Ireland 96, Roughan Road, Dungannon, BT71 4EP
Registered Charity in Northern Ireland (NIC105663)
CHARITY TRUSTEES
The Charity Trustees who served during the year or who were trustees at the date of this report were
Tom Boden Valerie Douglas Rev James O’Neill Colin Moore Robert Wilkins Harry Russell Leslie Simpson Shirley Simpson
PRINCIPAL OFFICE BEARERS
Minister Rev James O’Neill Clerk of Session Roy Wilkins Treasurer Leslie Simpson
INDEPENDENT EXAMINER
Mr J C M Eddie, 11, Orpheus Drive, Dungannon, Co Tyrone
BANKERS
Danske Bank, 5-6, Market Square, Dungannon BT70 1AB First Trust Bank, 18-20, Scotch Street, Dungannon BT70 1AZ
SOLICITORS
Simmons, McGlaughlin and Orr, 20 Northland Row, Dungannon BT71 6BL
Page 2 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
STRUCTURE AND MANAGEMENT
The Kirk Session
The charity trustees of the congregation are the members of its Kirk Session. Under the congregation’s governing document, The Code, the book of the constitution and government of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of persons not connected with any congregation who are within its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in the local community. The Kirk Sessions has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee.
The Kirk Session consists of the ordained minister and the ruling elders of the congregations. All members are entitled to propose, speak, and exercise equal votes at meetings, except that the Moderator, the ministers in active duty in the congregation, has no deliberative but only a casting vote.
Stated meetings of the Kirk session are held at least twice in each year or as appropriate.
To be chosen for the office of the eldership in the congregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote.
Presbytery
Under the Presbyterian Church in Ireland form of governance the corporate oversight of a congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Newmills congregation of the Presbyterian Church has been assigned to the Tyrone Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assigned to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of the congregation.
Page 3 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
The General Assembly
The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme legislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its business. At the end of business, it is dissolved. The membership of the General Assembly consists mainly of the active ministers of each congregation, retired minsters and a representative elder appointed by the Kirk Session of each congregation.
DESCRIPTION AND PURPOSE
The charitable purpose of the congregation is the advancement of Christianity. Newmills congregation of the Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a Reformed Church within the wider body of Christ is grounded in the Scriptures and exists to love and honour God through faith in His Son and by the power of His Spirit, and to enable her members to play their part in fulfilling God’s mission to our world.
The congregation’s mission purposes is guided by God’s word and empowered by His Spirit, we will be actively involved in the life and witness of our congregation and direct people to Jesus Christ, so that they may experience His salvation and enjoy the new life He offers. Our vision is, by the grace of God, to be an inclusive, welcoming community of Christ’s people of all ages, which:
-
is increasingly characterised by love for God, and love and concern for others;
-
- is committed to the historic Christian gospel as revealed in the Bible;
-
is relevant to people of this time and place.
The congregation aims to live out its Mission and Vision as a family of God’s people by being:
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A Covenant Community: where our relationships are rooted in the promises of God by living faithfully toward him and toward one another
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An Intergenerational Community: where adults intentionally take the lead to engage with, encourage and nurture younger members to maturity in Christ.
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An Outward looking Community: where we want the blessings of God that belong to us in the gospel to become blessings for others beyond the bounds of our community.
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As a congregation of the Presbyterian Church in Ireland, we believe that the Bible is the supreme authority over all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechisms set out what we understand the Bible teaches on key matters of Christian faith and practice.
Page 4 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
ACTIVITIES AND OBJECTIVES
The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is observed on several occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord’s Supper. The congregation holds regular bible study meetings and has a wide range of organisations including
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Sunday School
-
Sanctuary and Lamplighters Youth groups
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Rainbows, Brownies, Guides
-
Boys Brigade
-
Bowling Club
-
Presbyterian Women Group
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Coffee, chat and lending library outreach
-
Ladies Prayer meeting
ACHIEVEMENTS AND PERFORMANCE
Worship and prayer
The congregation normally meets for worship each Sunday at 12 noon. The Foster Hall meetings are held normally on the 1[st] and 3[rd] Sundays during the winter at 6.30pm. During the week the Bible Study provides an opportunity for members to meet together for fellowship, to study the scriptures and for a time of prayer.
As well as our regular services during the year we acknowledge God’s gift of new life at Sacraments of Baptism, and marriage services and gave thanks for faithful services and sought to comfort those who had been bereaved during the year.
At 31 December 2022 there were 121 communicant members and 127 families connected with the congregation. The average week attendance at morning worship is 78.
Pastoral care
Members of the congregation who are unable to attend church due to sickness or age are visited on a regular basis by the minister, elders and/ or by one of the congregation’s pastoral visitors. They are also able to receive weekly recordings of the Sunday service.
Page 5 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
Mission and outreach
At a local level the congregation is building on the heritage of faithful witness over a period of 180 years. The church exists to share the good news of Jesus Christ. £11653 was donated to external missions and agencies.
The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of Union Theological College, the Church’s training college for ministry students, and financially supports congregation in the areas of worship, discipleship, global mission, outreach, leadership and pastoral care.
The congregation also contributes to the denominations annual World Development Appeal, Sunday School project and any other special appeals.
Presbytery
The congregation was represented at the regular meetings of Presbytery by our minister and / or one of the elders. This provides an important link between the congregations and the wider structures of the church.
General Assembly
The minister and one of our elders are normally nominated to attend the meeting of the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June.
Property
None
Page 6 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
Organisations
Rainbows, Brownies and Guides aged 4 upwards would meet on a weekly basis excluding holidays with an average of 45-50 attending. Weekly activities included playing games, working for badges, completing crafts, attending themed evenings and having outings including visits to the swimming pool. They also completed county challenges and raised money for charities.
Boys Brigade aged 4 years and upwards would meet on a weekly basis excluding holidays with an average of 50 -55 attending. Weekly activities include playing games, crafts, Bible class, and taking part in BB and Education Board activities.
Sanctuary and Lamplighters aged from P2 would meet regularly throughout the year except for holidays with approx. 30 attending. Activities include Bible talks, games, singing, supper, guest speakers and outings to Presbyterian youth events.
The Presbyterian Women’s group meet on a monthly basis with an average of 25 attending. They normally have a guest speaker each month and attend a Christmas dinner and an away day each year. They also attend Presbytery events both locally and at Church House and raise money for Missions.
The Bowling Club normally meet on a weekly basis with an average of 15-20 attending. They take part in various bowling competitions in the area.
Sunday School is held each Sunday morning at 11.00am from September to June and the children and young people are aged from 4 years upwards.
Coffee, Chat and the Lending Library is held on the 1[st] and 3[rd] Saturdays in the month from September to June. This is an outreach programme to encourage adults and children in the church and community to come to the church and have a coffee and a chat. Books are available to borrow free of charge. The number of people attending is increasing all the time.
The Ladies Prayer Group meets on the 2[nd] and 4[th] Thursdays in the month from 10.30 to 11.30am. Ladies from Newmills and Carland Churches meet for bible study and prayer.
Volunteers
The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities.
Page 7 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
PUBLIC BENEFIT STATEMENT
The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion.
The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church’s subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved).
Generally, the above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites, and social media or in other ways.
The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public.
The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular organisations, charities and individual members of the public.
The Kirk Session has had regard to the Charity Commissions Public benefit requirement statutory guidance.
Page 8 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRusfEES ANNUAL REPORT FINANCIAL REVIEW The congregation's main source of income is members. contributions through the Weekly Freewill Offering. There were 94 contributing families during the year (91 in previous year) donating a total of £37539 (£35849 in previous year.) Total Income of the congregation during the year was £86222 (£79806 in the previous year.) Total Expendrture during the year was £64175 (£134061 in previous year) STATEMENT OF TRUSTEE RESPONSIBILrriES The Trustees are responsible for preparing the annual report and the financial statements of the congregation in accordan with applicable law and generally accepted accounting practice. As the congregations total income does not exceed £250,000. the Trustees have elected under Section 64(3) of the Charrties Act (Northem Ireland) 208 to prepare a receipts and payment account and a statement of assets and liabilities. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the congregation's transactions and disclose with reasonable accuracy at any lime its financial position. They are also responsible for safeguarding the assets of the congregation and hen for taking reasonable steps for the prevention and detection of fraud and other iegUlar1ties. Approved by the Kirk Session at a meeting on 17th September 2023 and signed on its behalf by [Name] Rev James O'Neill IName] Mr R wilkn.ns [Datel i7tK [Datel Illh qpptE)¥4li£F kn'z Page 9 of20
Independent examinerfs report to the charity trustees of Newmills Presbyterian Church. Co Tyrone I report on the accounts of the Trust for the year ended 31 $1 Dernber 2022 Respective responsibilities of charity trustees and examiner As the charity's trUStS you are responsible for the preparation of the accounts in accordan with the Charities Act (Northem Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordan with the general Directions given by the Charty Commission for Northem Ireland under section 65(9)(b} of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees conmIng any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. That accounting records were not kept in accordan with section 63 of the Charities Act 2. That the accounts do not accord wtth those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is fvrther information needed for a proper understanding of the accounts to be reached Independent examinerfs statement I have completed my examination and have no GonmS in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to vour attention. Name: Relevantfrrofessional qualification or body: Address: 11 i 11 Date:
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) As at the year ended 31 December 2022
| Note | Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | 44432 | 13966 | 0 | 58398 | 64741 |
| Charitable activities | 3 | 0 | 17145 | 0 | 17145 | 10206 |
| Other trading activities | 4 | 170 | 0 | 0 | 170 | 0 |
| Investment Income | 5 | 1165 | 0 | 0 | 1165 | 898 |
| Other | 6 | 7506 | 1838 | 0 | 9344 | 39001 |
| Total | 53273 -------------- |
32949 ------------ |
0 ---------- |
86222 ------------ |
114846 ---------- |
|
| Sale of Investments | 0 |
0 | 0 | 0 | 0 | |
| Sale of fixed assets | 0 |
0 | 0 | 0 | 0 | |
| Loans Received | 0 |
0 | 0 | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 53273 | 32949 | 0 | 86222 | 114846 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Payments | ||||||
| Raising funds | 7 | 622 | 0 | 0 | 622 | 572 |
| Charitable activities | 8 | 31262 | 17387 | 0 | 48649 | 51700 |
| Investment costs | 0 | 0 | 0 | 0 | 0 | |
| Other (Property) | 9 | 0 | 14904 | 0 | 14904 | 81789 |
| Total | 31884 ---------- |
32291 ----------- |
0 ---------- |
64175 --------- |
134061 ---------- |
Page 11 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
| Purchase of Investments |
0 | 0 | 0 | 0 | 0 | |
| Purchase of fixed assets |
0 | 0 | 0 | 0 | 0 | |
| Loan Repayments | 0 | 0 | 0 | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Payments | 31884 | 32291 | 0 | 64175 | 134061 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net receipts / (payments) |
21389 | 658 | 0 | 22047 | (19215) | |
| Transfers between funds |
0 | 0 | 0 | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | 21389 | 658 | 0 | 22047 | (19215) | |
| Funds brought forward | 6379 | 52605 | 0 | 58984 | 78199 | |
| ---------- | --------- | ---------- | ---------- | ---------- | ||
| Funds carried forward | 12 | 27768 | 53263 | 0 | 81031 | 58984 |
| ====== | ====== | ====== | ====== | ====== |
Page 12 of 20
NEWMIUS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND TRusfEES ANNUAL REPORT STATEMENT OF ASSETS AND LIABILMES As at 31 December 2022 Unrestricted Funds Endowment Funds Total Funds 2022 Totsl Funds 2021 Funds Funds Reconciliation Bank and Cash at start of Net movement in funds ear 6379 21389 52605 658 58984 22047 58984 Bank and Cash at end of ear 27768 53263 81031 58984 Bank & Cash BalanS Nat West Shares Bank Current Accounts Cash in Hand 1697 79334 1697 57287 81031 58984 Other Assets Fixed Assets ~ Note 10 Church Premises Manse and Land Fixtures, Fittin Vehicles Investments - Education Board Gift Aid re[Vable on donations 1421000 1421000 s&E ui ment 135500 135500 29866 29866 1586366 1586366 Liabilities Loans Other Approved by the Kirk Session at a meeting on 1 Pl September 2023 and signed on its behalf by [Name) Rev James O'Neill [Name] Mr Robert Wlkins [Date] 17IK LP[rs Zc)ZZ [Datel £PpLewIty Page 13 of20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
NOTES TO THE ACCOUNTS
As at 31 December 2022
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 (Accounts and Reports Regulations (Northern 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 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
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Recorded giving: | 37539 | 10670 | 0 | 48209 | 52326 |
| Loose collections | 740 | 0 | 0 | 740 | 472 |
| Donations and gifts | 0 | 25 | 0 | 25 | 4095 |
| Gift Aid | 6153 | 3271 | 0 | 9424 | 7848 |
| Legacies and bequest | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 44432 | 13966 | 0 | 58398 | 64741 |
| ---------- | ---------- | ---------- | ---------- | ---------- |
Page 14 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
3. CHARITABLE ACTIVITIES
| 3. CHARITABLE ACTIVITIES |
|||||
|---|---|---|---|---|---|
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
| £ | £ | £ | £ | £ | |
| Income from charitable activities | 0 | 10300 | 0 | 10300 | 7070 |
| Fees from weddings and funerals |
0 | 0 | 0 | 0 | 0 |
| Fundraising events | 0 | 1690 | 0 | 1690 | 0 |
| Membership fees | 0 | 1755 | 0 | 1755 | 120 |
| Grants | 3400 | 0 | 3400 | 3016 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 0 | 17145 | 0 | 17145 | 10216 |
| ---------- | ---------- | ---------- | ---------- | ---------- |
4. OTHER TRADING ACTIVITIES
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Letting of manse field | 170 | 0 | 0 | 170 | 0 |
| Trading income | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 170 | 0 | 0 | 170 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
Page 15 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
5. INVESTMENT INCOME
| 5. INVESTMENT INCOME |
|||||
|---|---|---|---|---|---|
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
| £ | £ | £ | £ | £ | |
| Deposit interest | 172 | 0 | 0 | 172 | 210 |
| General Investment Fund | 0 | 0 | 0 | 0 | 0 |
| Rents investment properties | 0 | 0 | 0 | 0 | 0 |
| Other investment income | 993 | 0 | 0 | 993 | 688 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 1165 | 0 | 1165 | 898 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
6. OTHER INCOME
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Insurance claims | 0 | 0 | 0 | 0 | 35040 |
| Other income | 7506 | 1838 | 0 | 9344 | 3961 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 7506 | 1838 | 0 | 9344 | 39001 |
| ---------- | ---------- | ---------- | ---------- | ---------- |
7. RAISING FUNDS
| 7. RAISING FUNDS |
|||||
|---|---|---|---|---|---|
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
| £ | £ | £ | £ | £ | |
| FWO envelopes | 622 | 0 | 0 | 622 | 572 |
| Fundraising events | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 622 | 0 | 0 | 622 | 572 |
| ---------- | ---------- | ---------- | ---------- | ---------- |
Page 16 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
8. CHARITABLE ACTIVITIES
| 8. CHARITABLE ACTIVITIES |
|||||
|---|---|---|---|---|---|
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
| £ | £ | £ | £ | £ | |
| General Assembly Assessments | 3355 | 0 | 0 | 3355 | 7640 |
| Presbytery fees | 254 | 0 | 0 | 254 | 254 |
| Ministry and support staff costs | 16899 | 0 | 0 | 16899 | 29107 |
| Congregational running expenses | 10502 | 0 | 0 | 10502 | 5661 |
| Donations to Missions and charities |
0 | 11653 | 0 | 11653 | 7445 |
| Governance costs | 252 | 5734 | 0 | 5986 | 1593 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 31262 | 17387 | 0 | 48649 | 51700 |
| ---------- | ---------- | ---------- | ---------- | ---------- |
9. OTHER EXPENDITURE
| 9. OTHER EXPENDITURE |
|||||
|---|---|---|---|---|---|
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total 2022 |
Total 2021 |
|
| £ | £ | £ | £ | £ | |
| Property Expenses | 0 | 14904 | 0 | 14904 | 81789 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 0 | 14904 | 0 | 14904 | 81789 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
Page 17 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
10. FIXED ASSETS
The congregation owns the Church premises situated at 96, Roughan Road and 69, Farlough Road and Derry Road, Coalisland and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1546500 at last renewal date
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| General Investment Fund | 0 | 0 | 0 | 0 | 0 |
| Property | 0 | 0 | 0 | 0 | 0 |
| Other investments | 0 | 0 | 0 | 0 | 0 |
| ---------- | ---------- | ||||
| 0 | 0 | ||||
| ---------- | ---------- |
Page 18 of 20
NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT
12. FUND BALANCES
| Fund | Balance at start |
Receipts | Payment | Surplus / (Deficit) |
Transfer | Balance at end |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| General Account | 6379 | 53273 | 31884 | 21389 | 0 | 27768 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 6379 | 53273 | 31884 | 21389 | 0 | 27768 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted Funds | ||||||
| Building Fund | 47851 | 14083 | 14873 | (790) | 0 | 47061 |
| New Hall Fund | 244 | 0 | 31 | (31) | 0 | 213 |
| Defibrillator Fund | 410 | 0 | 309 | (309) | 0 | 101 |
| Organisations | 4100 | 7313 | 5525 | 1788 | 0 | 5888 |
| Charities and Missions | 0 | 11553 | 11553 | 0 | 0 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 52605 | 32949 | 32291 | 658 | 0 | 53263 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Endowment Funds | ||||||
| Nat West Shares | 1510 | 433 | 433 | 0 | 0 | 1510 |
| BOI/PB Society | 26366 | 269 | 269 | 0 | 0 | 26366 |
| PCI Invest Society | 1990 | 62 | 62 | 0 | 0 | 1990 |
| ---------- | ----------- | ----------- | ----------- | ----------- | ---------- | |
| Total | 29866 | 764 | 764 | 0 | 0 | 29866 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |
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