Ballymacarrett Parish Church
Financial statements
for the year ended 31 December 2024
Ballymacarrett Parish Church
| Contents | ||
|---|---|---|
| Page | ||
| Independent examiner's report | 1 | |
| Statement of Financial Activities | 2 | |
| Balance sheet | 3 | |
| Notes to the financial statements | 4 - 7 |
Independent auditor's report to the shareholders of Ballymacarrett Parish Church
I report on the accounts of Ballymacarrett Church for the year ended 31 December 2024.
Respective responsibilities of the 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.
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examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
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follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and
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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. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes 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:
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That accounting records were not kept in accordance with section 386 of the Companies Act 2006
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That the accounts do not accord with those accounting records
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That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
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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.
Richard McClay FCA 1 Lanyon Quay For and on behalf of McCreery Turkington Stockman LTD Belfast BT1 3LG
13 March 2025
Page 1
Ballymacarrett Parish Church
Statement of Financial Activities (Including Summary Income and Expenditure Account) for the year ended 31 December 2024
| Unrestricted Restricted Funds Funds 2024 2024 Incoming Resources Notes £ £ Income resources from generated funds: Voluntary income: 2 77,493 - Activities for generating funds - - Investment income 3 5,436 - Incoming resources from charitable activities 4 27,632 - Total incoming resources 110,561 - Resources expended Costs of generating funds: Costs of charitable activities 5 ) (67,946 - Total resources expended ) (67,946 - Net income before transfers 42,615 - Transfer between funds - - Net incoming resources 42,615 - Fund balances brought forward 54,150 - Fund balances carried forward 96,765 - |
Year Year Total Total 2024 2023 £ £ 77,493 73,512 - - 5,436 4,949 27,632 27,912 110,561 106,373 ) (67,946 ) (127,094 ) (67,946 ) (127,094 42,615 ) (20,721 - - 42,615 ) (20,721 54,150 74,871 96,765 54,150 |
|---|---|
All of the above results are derived from continuing activities.All gains and losses recognised in the year are included above.
The notes on pages 4 to 7 form an integral part of these financial statements.
Page 2
Ballymacarrett Parish Church
| Balance sheet as at 31 December 2024 2024 Notes £ £ Current assets Cash at bank and in hand 7 96,765 96,765 Net current assets 96,765 Net assets 96,765 Capital and reserves Unrestricted funds 8 96,765 General funds 96,765 |
2023 £ 54,150 54,150 |
£ 54,150 |
|---|---|---|
| 54,150 | ||
| 54,150 | ||
| 54,150 |
The financial statements were approved by members of the Select Vestry on 13 March 2025 and signed and approved for issue on its behalf by
Treasurer
The notes on pages 4 to 7 form an integral part of these financial statements.
Page 3
Ballymacarrett Parish Church
Notes to the financial statements
for the year ended 31 December 2024
1. Accounting policies
1.1. Basis of preparation
The accounts have been prepared in accordance with the charity's governing document, the “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019). The charity is a Public Benefit Entity as defined by FRS 102.
1.2. Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal
1.3. Resources
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations are included as income when they are received. No amounts are included in the financial statements for services donated by volunteers.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
Page 4
Ballymacarrett Parish Church
Notes to the financial statements
for the year ended 31 December 2024
| .................... continued 2. Income from charitable activities Unrestricted Restricted Total 2024 2024 2024 £ £ £ F.W.O 42,137 - 42,137 Loose Collection 2,012 - 2,012 Maintenance Fund 1,845 - 1,845 Special Collections And Donations 14,775 - 14,775 Other 16,724 - 16,724 77,493 - 77,493 3. Investment income Unrestricted Restricted Total 2024 2024 2024 £ £ £ Investment income Bank interest and RCB 5,436 - 5,436 5,436 - 5,436 4. Incoming Resources from Unrestricted Restricted Total charitable activities 2024 2024 2024 £ £ £ Gazette 102 - 102 Easter & Harvest 581 - 581 Rental Income 9,518 - 9,518 St Martin's Hall 17,431 - 17,431 27,632 - 27,632 |
Total 2023 £ 47,932 2,704 10,993 5,002 6,881 |
|---|---|
| 73,512 | |
| Total 2023 £ 4,949 |
|
| 4,949 | |
| Total 2023 £ 197 837 11,558 15,320 |
|
| 27,912 |
Page 5
Ballymacarrett Parish Church
Notes to the financial statements
for the year ended 31 December 2024
| .................... continued Unrestricted Restricted Total 2024 2024 2024 £ £ £ 5. Total resources expended Costs of charitable activities by fund type Charitable activity 54,151 - 54,151 Support costs 13,795 - 13,795 67,946 - 67,946 6. Employees Employment costs 2024 £ Wages and salaries 18,550 Social security costs 480 Other pension costs 9,874 28,904 There were no employees earning over £60,000 in the year ended 31 December 2024. 7. Cash at Bank 2024 £ Leeds Building Society 28,684 NSI Bonds 13,000 Ulster Bank 55,081 96,765 |
Total 2023 £ 114,761 12,333 127,094 2023 £ 58,382 1,100 9,694 69,176 2023 £ 28,009 13,000 13,141 54,150 |
Total 2023 £ 114,761 12,333 |
|---|---|---|
| 127,094 |
Page 6
Ballymacarrett Parish Church
Notes to the financial statements
for the year ended 31 December 2024
.................... continued
| General | Restricted | |||||
|---|---|---|---|---|---|---|
| 8. | Statement of funds | reserve | reserve | |||
| account | account | Total | ||||
| £ | £ | £ | ||||
| Total reserves at 1 January 2024 | 54,150 | - | 54,150 | |||
| Total income for the year | 110,561 | - | 110,561 | |||
| Total expenditure for the year | (67,946 | ) | - | (67,946 | ) | |
| Total reserves at 31 December 2024 | 96,765 | - | 96,765 |
The general reserve represents the free funds of the charity which are not designated for particular purposes.
| General | Restricted | |||
|---|---|---|---|---|
| 9. | Analysis of net assets between funds | reserve | reserve | |
| fund | fund | Total | ||
| £ | £ | £ | ||
| Fund Balances at 31 December 2024 | ||||
| represented by: | ||||
| Current assets | 96,765 | - | 96,765 | |
| Total net assets | 96,765 | - | 96,765 |
The general reserve represents the free funds of the charity which are not designated for particular purposes.
Page 7