BALLEE BAPTIST CHURCH
Trustees Annual Report and Financial Statements for the year ended 31st December 2023
Registered with the Charity Commission for Northern Ireland NIC101764
BALLEE BAPTIST CHURCH
TRUSTEES ANNUAL REPORT
The Trustees present their Annual Report of the charity for the year ended 31 December 2023.
PURPOSE
The principal purpose of Ballee Baptist Church is the advancement of the Christian faith according to Biblical principles.
ACHIEVEMENTS AND PERFORMANCE
The Trustees have had regard to the Charity Commission for Northern Ireland's guidance on provision of public benefit and are confident that the Church fully satisfied this requirement throughout 2023 through its activities.
Sunday services and the mid-week Bible Study are livestreamed and then uploaded onto SermonAudio website where they may be freely accessed on an ongoing basis. Drive-in Gospel services were again conducted in the church carpark as an outreach on Sunday evenings from mid-July to the end of September. In addition to the usual monthly activities during 2023, 4 Day Clubs were conducted in May and August, in the first week of July over 300 children attended the Holiday Bible Club. In December a Fellowship Choir performed a Cantata.
A number of Missionary Societies and Christian organisations attended the Fellowship to provide members the opportunity to receive information on their work. In addition, the church provided financial and material support to several charities providing aid to people displaced by the war in Ukraine and an earthquake in Syria. Financial support to Missions and Christian organisations in 2023 amounted to £86,736, approximately 31% of income.
Visitation of the sick, consolation and support of members suffering bereavement continued in 2023 as the Pastor and Pastoral Support, together with others from within the Fellowship, sought to provide comfort and support for those affected.
Central heating pipes in the church and ancillary rooms were replaced due to corrosion. This was a major project and necessitated closing the church building from mid-July to mid-November while remedial work was undertaken. During this period services and other activities took place in the Church Hall and Youth Hall.
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS
Charity name: Ballee Baptist
Church Address: 166 Toome Road, Ballymena. BT42 2HX.
Email: info@balleebaptist.org
Website: www.balleebaptist.org
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BALLEE BAPTIST CHURCH
TRUSTEES
The Charity Trustees are the members of the Church Oversight Committee which consists of Pastor, Elders and Deacons.
All male members of the Church are eligible to stand for election as a deacon unless disqualified by Statute from holding office as a trustee. Elections to the Office of Deacon are conducted annually at the Annual Members Meeting. Attendance at the Annual Church Meeting is open to all church members.
The Church’s Constitution requires a two thirds majority of those voting for the appointment of Pastors or Elders, or transactions involving property. Elders are elected for life, unless they choose to retire or leave the Fellowship. Pastors serve for the period of their pastorate.
INDUCTION AND TRAINING OF TRUSTEES
Following appointment each newly appointed Trustee receives an Induction Pack containing copies of Charity Commission for Northern Ireland publications: Running Your Charity. Trustees are also encouraged to access further information available on the Charity Commission for Northern Ireland website.
The Trustees in office at 31 December 2023 and the date of signing this report were:
| D Anderson | Pastor |
|---|---|
| A Calderwood | |
| K Clinton | |
| W Coulter | Church Secretary |
| T Gillan | Child Safeguarding Officer |
| R Herbison | |
| S Irons | Church Treasurer |
| G Kernohan | Assistant Church Treasurer |
| A Kinghorn | Health & Safety Officer |
| A McAlonan | |
| D Mitchell | |
| K Morrison | Youth Coordinator |
| B Nelson | |
| T Nutt | |
| T Robinson | Assistant Health & Safety Officer |
| C Semple |
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BALLEE BAPTIST CHURCH
TRUSTEES ANNUAL REPORT cont’d
PAYMENTS TO TRUSTEES
No Trustee received payment for undertaking trustee duties. Payments to the Pastor relate to expenses incurred in the performance of the duties of pastor. Where Trustees purchase items on behalf of the Charity these costs may be reimbursed.
CUSTODIAN TRUSTEES
Premises owned by the Church are held under trust by "Custodian Trustees" whose sole function is to hold the property assets of the Church. Custodian Trustees do not serve on Oversight unless also elected to an Office of Elder or Deacon.
ADVISORS
Bankers: Danske Bank, Broadway, Ballymena. BT43 6EA. Independent Examiner: James Gillespie, Stevenson and Wilson Chartered Accountants, 22-30 Broadway Avenue, Ballymena. BT43 7AA. Insurance Adviser: Kerr Group Insurance 16 Church Street, Kilrea. BT51 5QU. Solicitors: McKervill Neilly Solicitors 1 Broadway Avenue, Ballymena. BT43 7AA.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Ballee Baptist Church was constituted by a Trust Deed dated 3rd February 1981 as an unincorporated association and is an independent Fellowship with no affiliations to any other Church or Association. It is governed by a Constitution which was formally adopted on 18th March 2011 as amended on 2nd December 2014.
Ballee Baptist Church is registered with The Charity Commission for Northern Ireland, number NIC101764.
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BALLEE BAPTIST CHURCH
TRUSTEES ANNUAL REPORT cont’d
MANAGEMENT
The Trustees continued to meet regularly, physically or via Zoom, to discuss the work of the church, and to make decisions concerning the regular activities within the church, and also outreach activities. Matters are reported to Church Members via the Annual Church Members Meeting when the Report and Accounts are also presented. Matters requiring approval of a Church Members Meeting, other than appointment of Elders or Pastors, are decided by majority vote. In event of a tie the Chairman of the Church Members Meeting has a casting vote. Approval at a Church Members Meeting is required for significant projects, such as a building programme, prior to commencing any major new undertaking.
Volunteers continue to play key roles in various Departments of the Church. It is not possible to quantify this support as much is done behind the scenes. However, Ballee Baptist Church could not function as it does without their faithful support.
RISK MANAGEMENT
The Trustees have conducted an assessment of the risks to which the charity is exposed and have reviewed systems and procedures to mitigate such risks. Risk assessment covering fire, health & safety and the protection of children, young people and vulnerable adults is an ongoing process and is reviewed annually or before any new major undertaking. Two Trustees act as Health & Safety Officer and Child Safeguarding Officer and their Reports are standing Agenda items at monthly Trustee Meetings.
DATA PROTECTION
Ballee Baptist Church is registered with the Information Commissioners Office. Church membership records are encrypted and held by the Church Secretary with encrypted backups stored separately. Personal information held, in addition to membership records, relate to the activities conducted by each department and is disposed of securely when no longer required. The Trustees are satisfied that the levels of information held by each department are appropriate to fulfil the need to operate in accordance with both GDPR and the Church’s Child Protection Policies.
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BALLEE BAPTIST CHURCH
TRUSTEES ANNUAL REPORT cont’d
FINANCIAL REVIEW
The church is funded by voluntary gifts and donations and use is made of Gift Aid and the Gift Aid Small Donations Scheme. The church does not seek funds from other sources.
Income for the year amounted to £283,942. An amount of £27,321 in respect of Gift Aid Rebates was included as cash in bank but not received at 31[st ] December. Expenditure amounted to £378,961 resulting in a deficit for the year of £95,019. The main reason for this deficit was the one-off expenditure associated with the major plumbing repair projected carried out during the year. Other than the fee for the Independent Examiner’s review, the Church had no other liabilities or commitments outstanding at 31st December.
The Church uses Restricted and Unrestricted Funds in its accounting policies. Restricted Funds are used for money donated to the Church for specific purposes e.g. Missions, Youth Ministries etc. Unrestricted Funds from general offerings are used for all other purposes. Any shortfalls in the Restricted Funds are made up by transfers from the Unrestricted Fund.
RESERVES POLICY
A policy on reserves has been reviewed and agreed by the Trustees. The income of the church is stable, and in the event of an unexpected financial need the Trustees are confident that members would respond accordingly. The Trustees are satisfied that a figure equating to approximately two months' expenditure is an appropriate level of reserve balances at the present time. Cash balance at year end exceeded the level of Reserves required.
FUNDS HELD AS CUSTODIAN TRUSTEE ON BEHALF OF OTHERS
Ballee Baptist Church does not hold any funds as Custodian Trustee on behalf of others.
SIGNED ON BEHALF OF TRUSTEES BY:
S Irons Church Treasurer Date: 12[th] February 2024
G W Coulter Church Secretary Date: 12[th] February 2024
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INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF BALLEE BAPTIST CHURCH
I report on the accounts of Ballee Baptist Church for the year ended 31st December 2023, which are set out on pages 7 to 18.
Respective responsibilities of charity trustees and examiner
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern 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 accordance with the general Directions given by the Charity Commission for Northern 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 concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
That accounting records were not kept in accordance with section 63 of the Charities Act
-
That the accounts do not accord with those accounting records
-
That the accounts do not comply with the accounting requirements of the Charities Act
-
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner’s statement
I have completed my examination and have no concerns 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 your attention.
| James Gillespie (F.C.A.) | |
|---|---|
| Stevenson and Wilson | 22-30 Broadway Avenue |
| Chartered Accountants | Ballymena |
| Date: 12thFebruary 2024 |
BT43 7AA |
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BALLEE BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31[ST] DECEMBER 2023
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Notes | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | ||
| Income from: | |||||
| Donations and legacies | 2 | 209,747 | 4,360 | 214,107 | 350,722 |
| Charitable activities | 3 | - | 44,651 | 44,651 | 42,416 |
| Investment income | 4 | 359 | - | 359 | 685 |
| Other income | 5 | 24,557 | 268 | 24,825 | 2,020 |
| ----------- | ----------- | ----------- | ----------- | ||
| Total income | 234,663 | 49,279 | 283,942 | 395,843 | |
| ----------- | ----------- | ----------- | ----------- | ||
| Expenditure on: | |||||
| Charitable activities | 6 | 240,597 | 124,149 | 364,746 | 288,862 |
| Other expenditure | 7 | 13,909 | 306 | 14,215 | 7,091 |
| ---------- | ---------- | ---------- | ---------- | ||
| Total expenditure | 254,506 | 124,455 | 378,961 | 295,953 | |
| ---------- | ---------- | ---------- | ---------- | ||
| Net income/(deficit) | (19,843) | (75,176) | (95,019) | 99,890 | |
| Transfers between funds | (74,870) | 74,870 | - | - | |
| Revaluation of fixed assets | - | - | - | (18,437) | |
| ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | (94,713) | (306) | (95,019) | 81,453 | |
| Reconciliation of funds: | |||||
| Total funds brought forward | 518,206 | 887,765 | 1,405,971 | 1,324,518 | |
| ----------- | ------------- | ------------- | ------------- | ||
| Total funds carried forward | 423,493 | 887,459 | 1,310,952 | 1,405,971 | |
| ======= | ======== | ======== | ======== |
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BALLEE BAPTIST CHURCH
BALANCE SHEET AS AT 31[ST] DECEMBER 2023
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Notes | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | ||
| Fixed assets: | |||||
| Tangible assets | 9 | 334,143 | 887,459 | 1,221,602 | 1,223,138 |
| ---------- | ------------- | ------------- | ------------- | ||
| Total fixed assets | 334,143 | 887,459 | 1,221,602 | 1,223,138 | |
| ---------- | ------------- | ------------- | ------------- | ||
| Current assets | |||||
| Debtors and prepayments | 10 | 2,833 | - | 2,833 | 2,663 |
| Cash at bank and in hand | 11 | 87,957 | - | 87,957 | 206,022 |
| ----------- | ----------- | ----------- | ----------- | ||
| Total current assets | 90,790 | - | 90,790 | 208,685 | |
| ----------- | ----------- | ----------- | ----------- | ||
| Current liabilities | |||||
| Creditors due within one year | 12 | 1,440 | - | 1,440 | 25,852 |
| ---------- | ---------- | ---------- | ---------- | ||
| Total current liabilities | 1,440 | - | 1,440 | 25,852 | |
| ----------- | ---------- | ---------- | ---------- | ||
| Net current assets | 89,350 | - | 89,350 | 182,833 | |
| ----------- | ------------- | ------------- | ------------- | ||
| Total net assets | 423,493 | 887,459 | 1,310,952 | 1,405,971 | |
| ======= | ======== | ======== | ======== |
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BALLEE BAPTIST CHURCH
BALANCE SHEET AS AT 31[ST] DECEMBER 2023 (cont’d)
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Notes | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | ||
| Funds of the charity | |||||
| Unrestricted funds | 13 | 423,493 | - | 423,493 | 518,206 |
| Restricted funds | 13 | - | 887,459 | 887,459 | 887,765 |
| ---------- | ------------- | ------------- | ------------- | ||
| Total charity funds | 423,493 | 887,459 | 1,310,952 | 1,405,971 | |
| ====== | ======== | ======== | ======== |
SIGNED ON BEHALF OF TRUSTEES BY:
S Irons
G W Coulter
Church Treasurer Church Secretary Date: 12[th] February 2024 Date: 12[th] February 2024
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BALLEE BAPTIST CHURCH
CASH FLOW STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2023
| Total Funds | Total Funds | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Cash flow from operating activities | ||
| Net (outgoing)/incoming resources before interest received | (95,378) | 99,205 |
| Depreciation | 8,836 | - |
| Increase in debtors and prepayments | (170) | (2,663) |
| (Decrease)/increase in creditors and accruals | (24,412) | 25,852 |
| ------------ | ------------ | |
| Net cash (outflow)/inflow from incoming resources | (111,124) | 122,394 |
| Return on investments and servicing of finance | ||
| Interest received | 359 | 685 |
| ------------ | ------------ | |
| 359 | 685 | |
| Capital expenditure | ||
| Purchase of tangible fixed assets | (7,300) | (19,713) |
| ------------ | ------------ | |
| (7,300) | (19,713) | |
| Net (decrease)/increase in cash for the year | (118,065) | 103,366 |
| Cash and cash equivalents at the beginning of the year | 206,022 | 102,656 |
| ----------- | ------------ | |
| Cash and cash equivalents at the end of the year | 87,957 | 206,022 |
| ======= | ======= |
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BALLEE BAPTIST CHURCH
NOTES TO THE ACCOUNTS 31[ST] DECEMBER 2023
1. ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a Basis of preparation
The accounts are prepared in accordance with the, Charities Statement of Recommended Practice (Charities SORP 2022), FRS102 and with the Charities Act 2011.
Ballee Baptist Church is a registered charity (NIC101764) and meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
b Income recognition
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
c Donations
Donations are accounted for gross when received. Fixed asset gifts in kind are recognised when receivable and are included at fair value.
d Legacies
Legacies are accounted for when probate has been completed, the amount of the legacy can be reliably quantified and the conditions of the legacy are within the control of the church.
e Investment income
Investment income is included in the accounts in the year in which it is receivable.
f Expenditure recognition
All expenditure is accounted for on an accruals basis. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
g Support costs
Support costs are those that assist the work of the church but do not directly represent charitable activities and include office costs and governance cost. Where support costs cannot be directly attributed to particular headings they have been allocated to the cost of raising funds and expenditure on charitable activities on a basis consistent with the use of resources. This represents direct expenditure on the governance of the church. Most of the management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities since there is no measurable cost to the volunteers for their service.
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BALLEE BAPTIST CHURCH
NOTES TO THE ACCOUNTS 31[ST] DECEMBER 2023 (cont’d)
1. ACCOUNTING POLICIES (cont’d)
h Fixed assets
Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £1,000. They are initially recognised at cost, or for donated assets, at a reasonable estimate of their value on receipt.
There is no reliable information available for the cost of the church premises and so on first time adoption of FRS102, the insurance value used previously was adopted as deemed cost.
i Depreciation
During the year ended 31[st] December 2022, the Trustees reviewed the Church’s tangible fixed assets and revalued a number of these to fair value at the balance sheet date.
During the year ended 31[st] December 2023, depreciation has been provided on all fixed assets, other than the Church and Church Hall buildings and manse, to write off the cost on a straight-line basis over their expected useful life, at the following rates:
Fixtures and fittings 10% Equipment 15%
No depreciation will be provided on the Church and Church Hall buildings and the manse as their estimated residual value is not expected to be less than the carrying value, and their remaining useful life currently exceeds 50 years.
The fair value of all tangible fixed assets will be reviewed by the Trustees annually.
j Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for specific purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
k Employee benefits
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in an independently administered fund.
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BALLEE BAPTIST CHURCH
NOTES TO THE ACCOUNTS 31[ST] DECEMBER 2023 (cont’d)
1. ACCOUNTING POLICIES (cont’d)
l Preparation of accounts on a going concern basis
The Church generally meets its day-to-day workings capital requirements from its annual income. The Trustees have obtained and reviewed cash flow forecasts for the incoming year and based on these are satisfied that the Church has resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore, these financial statements have been prepared on a going concern basis.
2. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Recorded giving: | |||||
| Donations and gifts | 186,805 | 4,080 | 190,885 | 180,743 | |
| Gift | Aid on donations and gifts | 22,942 | 280 | 23,222 | 21,825 |
| Legacies and bequest | - | - | - | 148,154 | |
| ----------- | ----------- | ----------- | ----------- | ||
| 209,747 | 4,360 | 214,107 | 350,722 | ||
| ======= | ======= | ======= | ======= | ||
| . | CHARITABLE ACTIVITIES | ||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| General church activities | - | 30,724 | 30,724 | 27,182 | |
| Mission income | - | 8,747 | 8,747 | 10,580 | |
| Associated Gift Aid | - | 5,180 | 5,180 | 4,654 | |
| ---------- | ---------- | ---------- | ---------- | ||
| - | 44,651 | 44,651 | 42,416 | ||
| ====== | ====== | ====== | ====== | ||
| . | INVESTMENT INCOME | ||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Deposit interest | 359 | - | 359 | 685 | |
| ====== | ====== | ====== | ====== |
3. CHARITABLE ACTIVITIES
4. INVESTMENT INCOME
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BALLEE BAPTIST CHURCH
NOTES TO THE ACCOUNTS 31[ST] DECEMBER 2023 (cont’d)
5. OTHER INCOME
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Other income | 24,557 | 268 | 24,825 | 2,020 | |
| ---------- | ---------- | ---------- | ---------- | ||
| 24,557 | 268 | 24,825 | 2,020 | ||
| ====== | ====== | ====== | ====== | ||
| 6. | CHARITABLE ACTIVITIES | ||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Ministry and support staff costs | 78,330 | - | 78,330 | 76,419 | |
| Utilities | 19,313 | - | 19,313 | 16,197 | |
| General church activity expenses | - | 27,668 | 27,668 | 23,891 | |
| Stationery and teaching materials | 1,340 | 7,580 | 8,920 | 12,334 | |
| Repairs and maintenance | 141,614 | - | 141,614 | 41,413 | |
| Donations and gifts | - | 88,901 | 88,901 | 118,608 | |
| --------- | ---------- | ---------- | ---------- | ||
| 240,597 | 124,149 | 364,746 | 288,862 | ||
| ====== | ====== | ====== | ====== | ||
| 7. | OTHER EXPENSES | ||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Governance costs | 2,196 | - | 2,196 | 2,967 | |
| Miscellaneous expenses | 3,183 | - | 3,183 | 4,124 | |
| Depreciation | 8,530 | 306 | 8,836 | - | |
| --------- | ---------- | ---------- | ---------- | ||
| 13,909 | 306 | 14,215 | 7,091 | ||
| ====== | ====== | ====== | ====== |
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BALLEE BAPTIST CHURCH
NOTES TO THE ACCOUNTS (cont’d)
8. EMPLOYEES
| Employment Costs | Total 2023 | Total 2022 |
|---|---|---|
| £ | £ | |
| Wages and salaries | 68,858 | 69,763 |
| ---------- | ---------- | |
| 68,858 | 69,763 | |
| ====== | ====== | |
| Number of Employees |
The average number of employees during the year was:
| 2023 | 2022 | |
|---|---|---|
| Average number of employees | 3 | 3 |
| ===== | ===== | |
| There were no employees in receipt of employee benefits in excess of £60,000. |
The Pastor acts as one of the church's trustees in accordance with the Trust deed and received remuneration, expenses allowance and pension contributions totalling £46,658 (2022: £46,003) in respect of his services as Pastor. To fulfil his role within the church, he is also provided with accommodation at the church manse.
The only amounts paid to the remaining Trustees were for out-of-pocket expenses.
The Church pays pension contributions for its Pastor to the National Employment Savings Trust, a defined contribution scheme, which is not contracted out of the State second pension. The scheme is a multi-employer scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the church.
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BALLEE BAPTIST CHURCH
NOTES TO THE ACCOUNTS (cont’d)
9. TANGIBLE FIXED ASSETS
| Church and | Equipment, | |||
|---|---|---|---|---|
| hall | fixtures and | |||
| buildings | Manse | fittings | Total | |
| £ | £ | £ | £ | |
| Cost/valuation | ||||
| As at 1stJanuary 2023 | 884,706 | 280,000 | 58,432 | 1,223,138 |
| Additions | - | - | 7,300 | 7,300 |
| ------------- | ------------- | ------------- | ------------- | |
| As at 31st December 2023 | 884,706 | 280,000 | 65,732 | 1,230,438 |
| ------------- | ------------- | ------------- | ------------- | |
| Depreciation | ||||
| As at 1stJanuary 2023 | - | - | - | - |
| Charge for the year | - | - | 8,836 | 8,836 |
| ------------ | ------------ | ------------ | ------------- | |
| As at 31st December 2023 | - | - | 8,836 | 8,836 |
| ------------ | ------------ | ------------ | ------------ | |
| Net Book Value | ||||
| As at 31st December 2023 | 884,706 | 280,000 | 56,896 | 1,221,602 |
| ======== | ======== | ======== | ======== | |
| As at 31stDecember 2022 | 884,706 | 280,000 | 58,432 | 1,223,138 |
| ======== | ======== | ======== | ======== |
The assets of the Church comprise:
-
Church and hall buildings, and their contents
-
Manse
During the year ended 31[st] December 2022, the Trustees reviewed the Church’s tangible fixed assets and revalued a number of these to fair value at the balance sheet date.
During the year ended 31[st] December 2023, depreciation has been provided on all fixed assets, other than the Church and Church Hall buildings and manse. No depreciation will be provided on the Church and Church Hall buildings and the manse as their estimated residual value is not expected to be less than the carrying value, and their remaining useful life currently exceeds 50 years.
The fair value of all tangible fixed assets will be reviewed by the Trustees annually.
10. DEBTORS AND PREPAYMENTS
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Prepayments | 2,833 | 2,663 |
| ====== | ====== |
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BALLEE BAPTIST CHURCH
NOTES TO THE ACCOUNTS (cont’d)
11. CASH AT BANK AND IN HAND
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Cash | in hand | 87,957 | 206,022 |
| ======= | ======= | ||
| 12. | CREDITORS DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Other creditors and deferred income | - | 24,556 | |
| Accruals | 1,440 | 1,296 | |
| ----------- | ----------- | ||
| 1,440 | 25,852 | ||
| ======= | ======= |
13. FUND BALANCES AND RECONCILIATION OF FUNDS
| Balance at | Costs (incl | Surplus/ | Balance at | |||
|---|---|---|---|---|---|---|
| Fund | start | Income | revaluation) |
(deficit) | Transfer | end |
| £ | £ | £ |
£ | £ | £ | |
| Unrestricted Funds | ||||||
| General Account | 518,206 | 234,663 | (254,506) |
(19,843) | (74,870) |
423,493 |
| ------------- | ----------- | ------------- |
------------- | ---------- | ------------- | |
| 518,206 | 234,663 | (254,506) |
(19,843) | (74,870) |
423,493 | |
| ------------- | ----------- | ------------- |
------------- | ------------ | ------------- | |
| Restricted Funds | ||||||
| General Account | 887,765 | 49,279 | (124,455) |
(75,176) | 74,870 |
887,459 |
| ------------- | ----------- | ------------- |
------------- | ---------- | ------------- | |
| 887,765 | 49,279 | (124,455) |
(75,176) | 74,870 |
887,459 | |
| ------------- | ----------- | ------------- |
------------- | ---------- | ------------- | |
| ------------- | ----------- | ------------- |
------------- | ---------- | ------------- | |
| OVERALL TOTALS | 1,405,971 | 283,942 | (378,961) | (95,019) | - | 1,310,952 |
| ======== | ======= | ======== | ======== | ====== | ======== | |
| nalysis of closing funds | ||||||
| Unrestricted Restricted Total Funds |
Total | |||||
| Funds | Funds | 2023 | Funds 2022 | |||
| £ | £ | £ | £ | |||
| Fixed assets | 334,143 887,459 |
1,221,602 | 1,223,138 | |||
| Current assets | 90,790 | - | 90,790 | 208,685 | ||
| Current liabilities | (1,440) | - | (1,440) | (25,852) | ||
| ----------- ----------- |
----------- | ------------- | ||||
| Total funds | 423,493 887,459 |
1,310,952 | 1,405,971 | |||
| ======= ======= |
======= | ======== |
Analysis of closing funds
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BALLEE BAPTIST CHURCH
NOTES TO THE ACCOUNTS (cont’d)
15. RELATED PARTY TRANSACTIONS
Pastor David Anderson is a trustee of the church. In his capacity as the Pastor of the congregation he received remuneration of £40,820 (2022: £38,004) and an expenses allowance of £1,452 (2022: £3,919). Pension contributions of £4,387 (2022: £4,080) were also paid by the congregation in respect of them to the National Employment Savings Trust. Employer’s NIC of £4,377 (2022: £4,350) was paid for the Pastor.
None of the other trustees received any remuneration, only reimbursements for out-of-pocket expenses incurred in connection with their duties.
There were no other related party transactions.
16. CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATION UNCERTAINITY
Estimates and judgements made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year.
17. PENSIONS
The Church pays pension contributions for its Pastor to the National Employment Savings Trust, a defined contribution scheme, which is not contracted out of the State second pension. The scheme is a multi-employer scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the church. Therefore, in accordance with FRS102 Section 28, the scheme is accounted for as a defined contribution scheme.
All employees are eligible to join the Scheme.
18. CAPITAL COMMITMENTS
At 31[st] December 2023 the Church had no capital commitments (31[st] December 2022: none).
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