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Hill Street Lurgan Congregation of the Presbyterian Church in Ireland

Northern Ireland charity NIC104768 · record on the register of charities in Northern Ireland (CCNI) · accounts PDF · all Northern Ireland charities

Latest income
£441k
Latest spending
—
Accounts read
FY2024

Website: www.hillstreetchurch.net

Financial health, per FY2024 accounts

The accounts state that unrestricted reserves were £623,217, which the Trustees consider prudent given that funding is dependent on ongoing member support. The charity reported a net surplus of £101,354 for the year, increasing total net assets to £1,224,727. However, the Trustees note that the congregation's activities are dependent on continuing support from members to meet future commitments.

What the accounts disclose

Going concern: doubt noted
“The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report and subject to the continuing support from members to fund on an ongoing basis the congregation's current activities and other financial commitments.”
Per FY2024 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2024 accounts as filed with CCNI.
Reserves policy: 12 months normal expenditure (held: £623k)
“It is the policy of the Trustees to hold at least 12 months normal expenditure.” — page 4
Per FY2024 accounts as filed with CCNI.
Largest income source: Regular Direct Giving (66% of income)
“Regular Direct Giving 256,943 103,458 360,401” — page 10
Per FY2024 accounts as filed with CCNI.
Independent examiner: MG accountants (Portadown)
Per FY2024 accounts as filed with CCNI.
Register data and accounts from the Charity Commission for Northern Ireland, used under the Open Government Licence. Automated analysis; the filed accounts are authoritative.