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 2023 

||Note|Unrestricted<br>Funds|Restricted<br>Funds|Endowment<br>Funds|Total 2024|Total 2023|
|---|---|---|---|---|---|---|
|||£|£|£|£|£|
|Receipts|||||||
|Donations and<br>legacies|2|54,240|40,856|-|95,096|75,514|
|Charitable activities|3|1,275|19,567|-|20,842|24,773|
|Other trading<br>activities|4|100|-|-|100|100|
|Investment Income|5|961|401|-|1,362|1,103|
|Other|6|6,801|-|-|6,801|13,757|
|Total||63,377|60,824|-|124,201|115,247|
|Sale of|||||||
|Investments||-|-|-|-|-|
|Sale of fixed assets||-|10,000|-|10,000|310,734|
|Loans Received||-|-|-|-|-|
|Total Receipts||63,377|70,824|-|134,201|425,981|
|Payments|||||||
|Raising funds|7|655|-|-|655|625|
|Charitable activities|8|59,438|18,070|-|77,508|82,810|
|Investment costs||-|-|-|-|-|
|Other (Property)|9|-|267,500|-|267,500|56,238|
|Purchase of|||||||
|Investments||-|-|-|-|-|
|Purchase of fixed|||||||
|assets||-|-|-|-|-|
|Loan Repayments||-|-|-|-|-|
|Total Payments||60,093|285,570|-|345,663|136,973|
|Net receipts /<br>(payments)||3,284|(214,745)|-|(211,462)|286,308|
|Transfers between|||||||
|funds||||-|-|-|
|Net movement in<br>funds||3,284|(214,745)|-|(211,462)|286,308|
|Funds brought<br>forward||||-|-|81,031|
|Funds carried<br>forward|12|33,526|121,600|-|155,126|367,339|



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NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT 

## STATEMENT OF ASSETS AND LIABILITIES 

|STATEMENT OF ASSETS AND LIABILITIES||
|---|---|
|Unrestricted<br>Funds<br>Restricted<br>Funds<br>Endowment<br>Funds<br>£<br>£<br>£<br>Funds Reconciliation<br>Bank and Cash at start of year<br>30,248<br>337,091<br>-<br>Net movement in funds<br>3,278<br>(189,125)<br>-|Total 2024<br>Total 2023<br>£<br>£<br>367,339<br>81,031<br>(185,847)<br>286,308|
|Bank and Cash at end of year<br>33,526<br>147,966<br>-|181,492<br>367,339|
|Bank & Cash Balances<br>Nat West Shares<br>Bank Current Accounts<br>Cash in Hand<br>Other Assets<br>Fixed Assets – Note 10<br>Church Premises Manse and<br>Land<br>Fixtures, Fittings & Equipment<br>Vehicles<br>Investments – Education Board<br>Gift Aid receivable on<br>donations<br>Liabilities<br>Loans<br>Other|1,697<br>1,697<br>365,642<br>-<br>-|
||1,697<br>367,339|
||1,241,000<br>1,241,000<br>135,500<br>135,500<br>-<br>-<br>3,500<br>29,866<br>-<br>-|
||1,380,000<br>1,406,366|
||-<br>-<br>-<br>-<br>-<br>-|




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NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT 

## NOTES TO THE ACCOUNTS 

## As at 31 December 2024 

## 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 

|2.<br>DONATIONS AND|LEGACIES|||||
|---|---|---|---|---|---|
||Unrestricted<br>Funds|Restricted<br>Funds|Endowment<br>Funds|Total 2024|Total 2023|
||£|£|£|£|£|
|Recorded giving|45,931|28,598|-|74,529|61,452|
|Loose collections|2,168|852|-|3,020|2,613|
|Donations and gifts|-|7,915|-|7,915|2,925|
|Gift Aid|6,141|3,491|-|9,632|8,524|
|Legacies and bequest|-|-|-|-|-|
|Total|54,240|40,856|-|95,096|75,514|



## 3. CHARITABLE ACTIVITIES 

|3.<br>CHARITABLE ACTIVITIES||||||
|---|---|---|---|---|---|
|Unrestricted<br>Funds||Restricted<br>Funds|Endowment<br>Funds|Total 2024|Total 2023|
|£||£|£|£|£|
|Income from charitable<br>activities|-|7,559|-|7,559|12,606|
|Fees from weddings and||||||
|funerals|-|-|-|-|-|
|Fundraising events|-|4,228|-|4,228|1,440|
|Membership fees|-|5,248|-|5,248|5,023|
|Grants<br>1,275||2,532|-|3,807|5,704|
|Total<br>1,275||19,567|-|20,842|24,773|



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NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT 

## 4. OTHER TRADING ACTIVITIES 

||Unrestricted<br>Funds<br>Restricted<br>Funds|<br>Endowment<br>Funds<br>Total 2024|Total 2023|
|---|---|---|---|
||£<br>£|£<br>£|£|
|Letting of manse field|100<br>|-                               -                         100|100|
|Trading income|-|-                               -                               -|-|
|Total|100<br>|-                               -                         100|100|



## 5. INVESTMENT INCOME 

||Unrestricted<br>Funds|Restricted<br>Funds|Endowment<br>Funds|Total 2024|Total 2023|
|---|---|---|---|---|---|
||£|£|£|£|£|
|Deposit interest|252|401|-|654|394|
|General Investment Fund|574|-|-|574|590|
|Rents investment properties|-|-|-|-|-|
|Other investment income|134|-|-|134|119|
|Total|961|401|-|1,362|1,103|



## 6. OTHER INCOME 

|6. OTHER INCOME|||
|---|---|---|
|Unrestricted<br>Funds<br>Restricted<br>Funds|<br>Endowment<br>Funds<br>Total 2024|Total 2023|
|£<br>£|£<br>£|£|
|Insurance claims<br>-|-                               -                               -|-|
|Other income<br>6,801<br>|-                               -                    6,801|13,757|
|Total<br>6,801<br>|-                               -                    6,801|13,757|



## 7. RAISING FUNDS 

|7.<br>RAISING FUNDS|||||
|---|---|---|---|---|
||Unrestricted<br>Funds|Restricted<br>Funds|<br>Endowment<br>Funds<br>Total 2024|Total 2023|
||£|£|£<br>£|£|
|FWO Envelopes|655<br>||-                               -                         655|625|
|Fundraising Events||-|-                               -                               -|-|
|Total|655|<br>|-                               -                         655|625|



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NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT 

## 8. CHARITABLE ACTIVITIES 

||Unrestricted<br>Funds|Restricted<br>Funds|Endowment<br>Funds<br>Total 2024|Total 2023|
|---|---|---|---|---|
||£|£|£<br>£|£|
|General Assembly<br>Assessments|2,760|-|-                     2,760|3,441|
|Presbytery fees|359|-|-                         359|254|
|Ministry and support staff<br>costs|29,796|-|-                   29,796|33,220|
|Congregational running<br>expenses|26,522|4,727|-                   31,250|25,575|
|Donations to Missions and<br>charities|-|8,917|-                     8,917|10,052|
|Governance costs|-|4,425|-                    4,425|10,893|
|Total|59,438|18,070|-                  77,508|83,435|



## 9. OTHER EXPENDITURE 

|9.<br>OTHER EXPENDITURE|||||
|---|---|---|---|---|
|Unrestricted<br>Funds|Restricted<br>Funds|Endowment<br>Funds|<br>Total 2024|Total 2023|
|£|£|£|£|£|
|Property Expenses<br>|-               267,500||-               267,500|56,238|
|Total<br>|-               267,500||-               267,500|56,238|



## 10. FIXED ASSETS 

The congregation owns the Church premises situated at 96, Roughan Road, 71, Farlough Road and Derry Road, Coalisland and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1579245 at last renewal date. 

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NEWMILLS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT 

## 11. INVESTMENTS 

The congregation has the following investments. Amounts are shown at market valuation. 

|Unrestricted<br>Funds|Restricted<br>Funds|<br>Endowment<br>Funds|Total 2024|Total 2023|
|---|---|---|---|---|
|£|£|£|£|£|
|General Investment Fund||1,990|1,990|1,990|
|PCI Education Board||-|-|26,366|
|Nat West Shares||1,860|1,860|1,510|
|Property|||-|-|
|Other investments|-|-<br>-|-|-|
|Total<br>|-|-                    3,850|3,850|29,866|



## 12. FUND BALANCES 

|12.<br>FUND BALANCES|||||||
|---|---|---|---|---|---|---|
||Balance at<br>Start|Income|Expenditure|Surplus<br>(Deficit)|Transfers|Balance at<br>End|
||£|£|£|£|£|£|
|UNRESTRICTED FUNDS|||||||
|General Fund|30,248|65,442|62,164|3,278|-|33,526|
|Total General Funds|30,248|65,442|62,164|3,278|-|33,526|
|RESTRICTED CONGREGATIONAL FUNDS|||||||
|Building Fund|30,831|6,205|2,041|4,164|-|34,995|
|New Manse Fund|298,814|43,147|265,460|(222,313)|-|76,501|
|Organisations|7,446|12,597|9,939|2,658|-|10,104|
|Charities & Missions|-|7,660|7,660|-|-||
|Total Restricted Funds|337,091|69,609|285,100|(215,491)|-|121,600|
|ENDOWMENT FUNDS|||||||
|Nat West Shares|1,510|350||-|-|1,860|
|BOI/PB Society|26,366|-||-|(26,366)|-|
|PCI Invest|1,990|-||-|-|1,990|
|Total Endowment Funds|29,866|350|-|-|(26,366)|3,850|
||||||||
|TOTAL FUNDS|397,205|135,401|347,264|(212,213)|(26,366)|158,976|



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