Ballyhenry Presbyterian Church Financial Statements for the year ended 31 December 2023 Charity Nos: XN47798 NI Charity Commission Reglstration No: 104315
Ballyhenry Presbyterlan Church Contents Page Contents Trustees, Annual Report Independent Examlner's report 9-10 Statement of Congregatlonal Commlttee li Statement of Flnanclal Activltles 12 Balance sheet 13 Notes to the flnanclal statements 4-19 The followlng pages do not form part of the Flnanclal Statements Detalled Statement of Flnanclal Actlvltles 19-22 Page 1
Ballyhenry Prebyterian Church Trustees Annual Report for the year ended 31 December 2023 The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2023 including a Balance Sheet as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Ballyhenry congregation of the Presbyterian Church in Ireland Ballyhenry Road, Newtownabbey, BT36 SLU Registered Charity in Northern Ireland (NIC1043 15) CHARITY TRUSTEES The Charity Trustees who served during the year and who were trustees at the date of this report were Mr Robert Doole Mr Richard Cecil Ferguson Mr Malcolrn Desmond Frew Mr Martin Graham Mr William Robert John Hutton Mr Albert Vlrtor Jones Mr David John Leeman Rev Niall Samuel Robert Lockhart Mr Morris Lutton Mr Geoffrey Samuel Mcsparron Mr Gerald Martln Plnk PIUNCIPAL OFFICE BEARERS Mlnister Clerk of Sesslon Treasurer Rev Nlall Lockhart Mr Wllllam Hutton Mr Ivan Reid INDEPENDENT EXAMINER FPM Accountants, Unlt I, Central Park, 10 Mallusk Rd, Newtownabbey BT36 4FS BANKERS Danske Bank, Abbey Centre, 31A Longwood Road, Newtownabbey, BT37 9UH SOLICITORS Magennis & Crelghtan Solicitors, 572 Shore Road, Newtownabbey, 8T37 OSL STRUCTURE AND MANAGEMENT The Kirk 5esslon The charlty trustees of the congregatlon are the meTnbers of Its Kirk Session. Under the congregation's governlng document, The Code, the book of the constltutlon and government of the Presbyterlan Church in Ireland, the Klrk Session seeks to watch over and promote the spiritual interest of the congregation and of persons not connected wlth any congregatlon who are wlthln Its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contrlbutlon of the Church to Christlan witness and service In the local community. The Kirk Session has delegated to Its Congregatlonal Committee the temporal affairs of the congregation Includlng administerlng all funds and property belonging to the congregation. A new Congregational Commlttee was elected In June 2023. Members of the Kirk Sesslon are ex-offlclo members of the Congregatlonal Committee. The Kirk Session conslsts of the ordained mlnlster and the ruling elder5 of the congregatlon. All members are entitled to prop05e, speak and exercise equal votes at meetings, except that the Moderator, the ministers In attive duty in the congregation, has no deliberative but only a casting vote. Page 2
Ballyhenry Prebyterian Church Trustees Annual Report for the year ended 31 December 2023 Stated meetings of the Kirk session are held on the second Tuesday of the month. To be chosen for the office of the eldership in the congregation a person must be 3 vating member and a regular attendant on its ord inances. The selection of those proposed to be called to the offi'ce 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 congregation is the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned to it by the General A55embly of the Presbyterian Church in Ireland. Ballyhenry Church has been assigned to the North Belfast Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery con515t5 mainly of the active minister5 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 each congregation. 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 legislatSve, admlnSstration and JudSclal authorityi in deallng with all matters brought before It. The General Assembly 15 normally constituted durlng the flrst week Sn June for worship and to conduct Its business. At the end of buslne55 It Is dlssolved. The membership of the General Assembly consists malnly of the active mlnlsters of each congregatlon, retlred mln5ters and a representative elder appoSnted by the Kirk Session of each congregatlon. DESCRIPTION AND PURPOSE Ballyhenry Presbyterian Church Is a congregatlon of the Presbyterian Church In Ireland. The Presbyterlan Church In Ireland, as a Reformed Church within the wlder body of Christ 15 grounded In the Scrlptures, and exlsts to love and honour God through falth In HIS Son and by the power of His Spirit, and to enable her member5 to play thelr part In fulfilling God's mlsslon to our world. The congregatlon's misslon purposes are described In Its mlssion statement,, 8allyhenry, seeking to 9mw as a learnlng church, a carlng church, a humble church and an outward looklng church. As a congregation of the Presbyterlan Church In Ireland, we believe that the Blble is the supreme authority over all we do, and that the Westmlnster Confession of Falth, along with the Larger and Shorter Catechlsms set out what we understand the Blble teaches on key matters of Christian faith and practlce. ACTIVITIES AND OBJECTIVES The congregatlon meets each Sunday for public worship. The Sacrarnent of the Lord's Supper is obseNed on a number of occasions throughout the year. The congregation has 5 'Fellowship Groups, {wlth around 60 people) where members meet to study the Bible and pray. We have range of organisations dlrectly under the control of our Kirk Sesslon, Including.. Art APpCIatIOn Soclety Bible Class Bowllng Fellowship Discover Klds Club Junior ChristSan Endeavour Ladies, Fellowshlp Mums and Toddlers Page 3
Ballyhenry Prebyterian Church Trustees Annual Report for the year ended 31 December 2023 Praise Group Presbyterian Women'5 Group Senior Members, Group Sewing Group Sunday School Young Fellowship Youth Club ACHIEVEMENTS AND PERFORMANCE Worship and prayer Public worship takes place each Sunday at 11am. During the year we had 3 baptisms and 3 weddings. Numerous funerals took place in the church throughout the year. At 31 December 2023 there were 185 communlcants and 216 families connected with the congregatlons. The average weekly attendance at momlng worship is 160 (In person) wlth an addltlonal 20 regularly joining on Zoom. Pastoral care Pastoral care Is an important aspect of the Ilfe of the congregatlon. Our Mlnlster, and our Pastoral Assistant, seek to regularly make contact wlth those who are slck or elderly. Mission and outreach At a local level the congregatlon seeks to engage In outreach wlthln our communlty through running an annual evangellsm course. In December we leafletted our entlre parlsh area (2800 homes) and held a guest Carol Servlces drawlng a range of attendees from across our local communlty. The congregation supports the Unlted Appeal for Mission whlch Is a central fund of the Presbyterlan Church In Ireland. Thls fund enables congregatlons to support the wlder mlsslon of the denomlnation and to do mlssion and outreach on denominational basis beyond what the congregation could do on Its own. The United Appeal Fund provldes financial support for mission personnel at home and overseas, asslsts congregations wlth the deployment of locally based staff, enables church plantlngi provldes grant support for the upkeep of church premlses, as515t wlth the running costs of Unlon Theologlcal College, the Church's trainlng college for mlnlstry students, and financially support5 congregation in the area5 of worshipi dlscipleshlp, global mission, outreach, leadership and pastoral care. Presbytery The congregation was represented at the regular meetlngs of Presbytery by our minlster and one of the elders. Thls provides an important Ilnk between the congregations and the wider structures of the church. General Assembly The minister and one of our elders are nomlnated to attend the meeting of the General Assembly of the Presbyterlan Church in Ireland held In Assembly Buildings, Belfast, in June. Property During the year works were carried out to the Manse, including the installation of a new gas heatlng system, to replace an ageing old fired System. Ongoing maintenance work was also carried out within Pag8 4
Ballyhenry Prebyterian Church Trustees Annual Report for the year ended 31 December 2023 the church. Organisations These figures offer an overview of organisations that were meeting, as of December 2023. Sunday School: Weekly activity during morning worship for primary and pre-primary age children. (Average attendance.. 25) Bible Class.. Weekly meeting for teenagers, studying the Bible. (Average attendance.. 7) Youth Fellowship.. Sunday night group for teenagers studying the Bible together (Average ttendance.. I l) Discover Kid5 Club,. Weekly group for children of primary school age, Attivltles include Bible activities, games and crafts. (Average attendance.. 40> Mums and Toddlers Group {'Little Lambs,).. Weekly group for parent5 and toddlers from within the local community. (Average attendance.. 45) Art Appreclatlon Group.. Monthly activity provldlng soclal and learning activity for adults. (Average attendance.. 14) Presbyterlan Women's Group.. Bi-monthly gatherlng for women, v4ith speakers of mission and social interest. (Average attendance: 25) Senior Members, Group.. Bl-monthly gathering for senlor cltlzens, wlth talks, fellowshlp and muslcal entertainment. (Average attendance: 20) Ladies, Fellow5hlp'. Weekly Ladles, B5ble Study. (Average attendance.. 51 Bowllng Fellowship.. Recreatlonal and fellowshlp group for adult5. {Average attendance: 12) Junior Chrlstian Endeavour.. Weekly group for children and young people. Activities include singing, Bible stories and games. (Average attendance: 20) Youth Club.. Saturday nlght community based programme with recreatlon I crafts and short Bible-based talk. (Average attendance,, 40) We also Guldes whlch meet in our halls (average attendance 201. Thls group follow5 a programme of leamlng, recreatlon and soclal development caterlng for glrls from pre-prlmary to older teen5 A number of Individuals also serve as volunteers and Newtownabbey Street Pastors Volunteers The Trustees are most appreciative of all the work carried out by our many volunteers throughout the year, In all aspects of the church's Ilfe and witness. PUBLIC BENEFIT STATEMENT The Presbyterian Church in Ireland meets the publlc benefit requirement by provldlng beneflt to Its members and the general public by making known the Chrfstian Gospel of the Lord Jesus Chrlst through the advancement of rellglon. The dlrett benefits whlch flow from the purposes of the Church InclLJde the gaining of an understanding Sn Christlan belief5 as set out In the Bible and in the Church'5 subordinate standards (the Westminster Confesslon of Faith and the Shorter and Larger Catechisms) leadlng to splrltual and moral development and opportunitSes for response to Blble teaching. In turn, th15 framework leads to practical expressSon5 of Chri5tlan bellefs and standards In the local cornmunity such as through the care of those In need (including the sick, disabled and bereaved). Generally the above benefits are delivered locally by congregation5 and thelr meTnbers, or are facllltated through presbyterles or are organised and delivered centrally. Loc31 dellvery Is facllltated by central resources in almost all cases. Public acce55 15 made known through the use of noticeboard5, printed material, press advertisement, websites, and soclal medla or In other ways. The benefits are demonstrated through regular evaluation of the services and Snformal and ad-hoc feedback from members, their families, and members of the publlc. Page 5
Ballyhenry Prebyterian Church Trustees Annual Report for the year ended 31 December 2023 PUBLtC BENEFIT STATEMeNT ctd... 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 result of their holdi ng 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 member5, 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 communitie5 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 Charlty Commissions publlc beneflt requirement statutory guldance. FINANCIAL REVIEW The congregation's main source of income is members, contribution5 through the monthly Freewill Offering. There were 160 contributing households during the year [number in previous year, 2022., 155] donating a total of £203.2k. In 2022 dlrert glvlng was £202.4k. The total Income includlng above for 2023 Is £227.8k compared to £221.7k In 2022. The increase overall of £6. 1 k can be attrlbuted to the followlng: 1. £0.8k Increase In dlrect givlng. 2. £1.7k decrease in donations and legacles. 3. £1.9k decrease In activltles that generate Income-Fundralsing for Cambodla trlp In 2022 4. £8.9k Increase In other income 50urce5. Urban Mlssion Trust gave us a Community Engagement Grant for Integrated College Glengormley to be spent In 2024. The Education Authority gave a large grant to one of our youth organlsations as well. We also recelved grant fundlng from AntrSm and Newtownabbey Councll for a 'Coronatlon Lunch.. An insurance claim due has been provlded for In this income. Total expendlture Increased from £220k (2022) to £237k (2023). This Increase of £ 17k was accounted for by the following: 1. £7k increase In Mlnlstry & Support Staff - salary increases and summer asslstant. 2. £4k Increased Llfe & Work. 2023 saw a full year of actlvltles both youth and adult events. 3. £2k increase In Assessments & Governance 4. £14k IncaSe in Property & Equlpment- 2023 was a difflcult year wlth a 330h increase In energy costs plus more malntenance and repairs. Some of the repair costs are offset by an insurance clalm due (see above) 5. £IOk decrease Grants to Mlssions & Charities 2022 had always been exceptlon because of the Cambodia trip and the Ukraine appeal. There were no slmllar event5 in 2023. Balance Sheet -The cash held decreased from £164k (31.12.2022) to £153k (31.12.2023). It should e noted that £24k of the cash 5s held by the organlsatlons so is not avallable for use wlthln the maln church accounts. "Creditors Amou nts falllng due after one year"_ £15k 15 Still owed to Crescent Loan Fund. The orlginal 5-year loan v4as £50k to pay for the heating upgrade. "Creditors.. amounts falling due within one year" £24k a major part of this Is £16k Still owed to the heating contractor. "Fixed A55ets" down in 2023 by £6k. There was £27k of capital expenditure In 2023 while Pa98 6
Ballyhenry Prebyterian Church Trustees Annual Report for the year ended 31 December 2023 dePCIatIng of the church assets was £33k. RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The Trustees are required to prepare financlal statements for each financial year whlch give a true and fair view of the state of affairs of the congregatlons and the financial attivities for that year. In preparing the financial statements the Trustees are required to: select suitable accounting policies and then apply them conslstently make judgements and estimates that are reasonable and prudent prepare the financial statement5 on the going concem basis unle55 It 15 inappropriate to presume that the Funds will continue in operation. The Trustees are spOnSible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial POSltion of the congregations and enable them to ensure that the financial statements comply with the Statement of Recommended Practice "Accountlng and Reportlng by Charitles (l January 2019)". They are also responsible for safeguardSng the assets of the congregatlon and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. GOING CONCERN The actlvlties of the congregatlon are dependent on ongolng contrlbutlons from Its members. The Trustee5 are of the oplnlon that the congregatlon has sufflclent resources at the date of approval of these financlal statements to meet commitments which wlll arlse In the year from the date of slgnlng thls report and subject to the contlnulng support from members to fund on an ongolng basls the congregation's curfftnt actlvitles and other financlal commitments. RESERVES POLICY The Trustees have consldered the level of unrestrlcted reserves that it Is approprlate to hold taklng account of cUrnt and ongolng commStments. It IS the policy of the Trustees to hold at least 2 month's norrnal expenditure. At the year-end unrestricted reserves were £76k whlch represents hlgher level of reserves. The Trustee5, however, conslder It prudent to hold reserves at thSs level as the fundlng of its present actlvlties 15 dependent of the ongoing flnanclal support of members. RISK REVIEW A review of major risks has been undertaken by the Trustees and systems and procedures implemented to manage identlfled risks. The principal risks are In relatlon to the likellhood of reputational damage and financlal risks assoclated with the expectatlon of ongolng financial support from members. The trustees have also noted the uncertalntles that continue to be evldent as a result of the legacy of the Covid-pandemic. An addltional identlffied risk is in relation to ensuring compllance with statutory requlrements In all relevant areas. These risks are mitigated by the Trustees, and the Congregatlonal Committee {and their attendant Sub-committees), regularly monitorlng the various actlvltles of the congregation at stated rneetings and by encouraglng members In their regular giving. The Trustees have ensured that appropriate regular meetlngs continue during the pandemic to closely monitor the church's overall financial position. Pogc 7
Ballyhenry Prebyterlan Church Trustees Annual Report for the year ended 31 December 2023 APPROVAL Approved by the Klrk Session at a meeting on 28th January 2024, and signed on its behalf by Nlall Lockhart (Minister) Trustee Date: William Hutto Trustee Date.. (Clerk of Session) Paye O
Ballyhenry Presbyterian Church Independent Examiner's Report To The Congregational Committee of Ballyhenry Presbyterian Church Congregation Year Ended 31 December 2023 We report on the accounts of the charity for the year ended 31 December 2023 which are set out on page5 11 to 18. RESPECTIVE RESPONSIBILITIES OF TRUSTEE5 AND EXAMINER The trustee5 are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 6511) of the Charities Act (Northern Ireland) 2008 and that an independent examination is needed. Having satisfied ourselves that the charity is not Subject to audit under charity law, and is eligible for independent examination, it is our responsibility to: {il examine the accounts under section 65 of the Charities Act,. follow the procedures laid down in the general Directions given by the Charity Commission for {ii) Northern Ireland under section 65(9)(b) of the Charities Act; {iii) to state whether particular matters have come to our attention. BASIS OF INDEPENDENT EXAMINER'S REPORT Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination Includes 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 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters Set out in the statement below. We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519)Ibl of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presents with those record5. It a150 included a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustee5 concerning any such matters. Page 9
Ballyhenry Presbyterian Church Independent Examiner's Report To The Congregatlonal Committee of Ballyhenry Presbyterian Church Congregation Year Ended 31 December 23 Our role is to State whether any material matters have come to our attention giving us cause to believe: That accounting records were not kept in accordance with section 63 of the Charities Act (Northern Ireland) 2008,. That the account5 do not accord with those accounting records; That the accounts do not comply with the accounting requirement5 of section 68 of the Charities Act (Northern Ireland) 2008 and with the method5 and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnanclal Reporting Standard applicable in the UK and Republlc of Ireland,. That there Is further information needed for a proper understandin8 of the accounts to be reached. INDEPENDENT EXAMINER'S STATEMENT We can confirm that we are qualified to undertake the examination because we are a registered member of Chartered Accountants Ireland, which is one of the listed bodies. We have completed our examination and have no concerns In respect of the matters111 to {4) Ilsted above and, In connection with following the Directions of the Charity Commisslon for Northern Ireland, we have found no matters that require drawing to your attention, Lowry Grant, FCCA FPM Accountants Ltd Independent Examiners Unit I, Buildin8 10 Central Park Mallusk Road Newtownabbey Co. Antrim BT36 4FS Date: If.z -L&Lfr Pago 10
Ballyhenry Presbyterian Church Statement of Trustees. Responsibilities for the FinancAal Statements The purpose of this statement is to distinguish the Trustees, responsibilities for the accounts from those of the independent examiners as stated in their report. The Code permits the Trustees to prepare accounts for each financial year which give a true and fa i r view of the congregation's financial activities during the year and of its financial position at the end of the year. In preparing the financial statements the Trustees should follow best practice and.. select suitable accounting policies and apply them consistently; make Judgements and estimates that are reasonable and prudent. follow the recommendations of the accountlng professlonal wlth regard to the form and content of the financial statements, or to disclose and explain any departures therefrom,. and prepare fina nclal statements on the going concern basis, unless it Is inappropriate to assume that the congregation wlll be able to continue to meet its obligations. The Trustees are responsible for keeplng proper accountlng records of all the congregational transactlons which disclose wlth reasona ble accuracy the flnancial position of the congregatlon and which enable them to ensure that the financlal statements comply with the disclosure regulations. They are also responsible for safeguarding the congregational assets, and hence for taking reasonable steps for the prevention and detection of fraud, error and other irregularitles. liam (Trustee) utton IS Date ai Mr Martin Gra (Trustee) am Date Page11
Ballyhenry Presbyterian Church Statement of Financial Activities (Incorporating the Income and Expenditure Account) for the year ended 31 December 2023 2023 Total 2022 Total Unrestrlcted Restrlcted Income from: Regular Direct Glvlng Donations and Legacies Activities that Generate Income Investment Income Other Income Source5 113,687 loo 1,170 412 89,564 196 7,007 203,251 296 8,177 420 202,364 2.037 10.119 454 Total Income 121,707 106,049 227,756 221,710 Expenditure on: Charltable Activities: Central Church Assessments Mlnlstry and Support Staff Llfe and Work Governance Property and Equipment Grants to Mlsslons and Charltles 20,030 72,435 15,003 5,273 22,656 20,030 72,685 22,360 6,123 68.978 19,866 65,437 18,528 4.546 54,781 250 7,357 850 46.322 Total Expendlture 135,397 101,640 237,037 220.314 Net (Expendlture) I Income for the Year (13,690) 4.409 (9,281) 1,396 Transfers io-ii (8) Net {Expendlturel / Income before other recognlsed galns or loss¢s (13,6981 4,417 (9,281) 1.396 Net mov¢ment In Fund• (13.698) 4,417 19,281) 1,396 Reconciliatlon of Funds Fund Balances 8rought Forward io-ii 89,616 881,281 970,897 969,501 Fund Balances Carried Forward io-ii 885 698 961 616 970 897 All Income derlves from contlnulng actlvltles, therefore no statement of recognSsed galns or losses is given. The notes on pages 14 to 18 form an integral part of these financial statements. P8g8 12
Ballyhenry Prebyterian Church Balance Sheet as at 31 December 2023 Notes 2023 2022 Flxed assets Tangible Fixed Assets 806,108 812,233 Current assets Debtors Cash at bank & In hand 40,896 153 293 194,189 37,913 163 663 201,576 Credltors: amounts falllng due wlthln one year (23,681) (17,912) Net Current Assets 170,508 183,664 Credltors: amounts falllng due after more than one year (15,000) {25,000) N•t Assets 961 616 970 897 Fund• Unrestrlcted Funds Restrlcted Funds io li 75,918 885,698 89,616 881,281 961 616 970 897 For the year ended 31 December 2023 the charity was entltled to exemptlon from audit under sectlon 65 of the Charlties Act (Northern Ireland) 2008. Trustee5' responslbllltles.. The members have not requlred the charlty to obtaln an audlt of Its accounts for the year In questlon In accordance wlth section 65; and The trustees acknowledge thelr responsibilities for complylng wlth the requlrements of the Act with respect to accountlng records and the preparation of accounts. These financlal statements were approved bv the Klrk Sesslon on and are slgned on their behalf by: Mr William Hutton Trustee Mr Martin Graham Trustee Is Date The notes on pages 14 to 18 form an Integral part of these financial statements. Page 13
Ballyhenry Prebyterian Church Notes to the Financial Statements for the year ended 31 December 2023 l. Accountlng Policies Basls of Preparation The principal accounting policles adopted, judgements and key sources of estimation uncertainty in the preparation of the financial 5tatement5 are as follows: a) Ba51s of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5.' Statement Of Fiecommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the U K and Fiepublic of Ereland (FRS 102) (effective l January 2019) and the (Charities SORP (FRS 102), the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 1021. Ballyhenry Presbyterian Church meets the definition of a publlc benefit entity under FRS 102. Assets and liabilities ère initially recognised at historical cost or transaction value unless Otherwise stated In the relevant accounting policy notes, b) Preparatlon of the accounts on J going concern basls Ballyhenry Pre5byterlan Church ha5 prepared the accounts on a golng concern basls. The balance sheet Is strong wlth strong contlnued support by the members. c) Income Income Is recognlsed when the charlty has entitlement to the funds, condltlons attached to the Item(s) of income have been met, it Is probable that the Income will be received and the amount can be measured reliably. Income from governmenl and other grants, whether'capltal, grants or 'revenue' grants, Is recognised when the charity has entltlement to the funds, any performance condition5 attached to the grants have been met, it is probable that the Income wlll be recelved and the amount can be measured reliably and 15 not deferred. d) Donated servlceg and facilltles In accordance wlth the Charltles SORP IFRS 102), the general volunteer tlme of the Charlty's volunteers Is not CognISed financially In the Statement of Flnanclal Actlvltles but thelr valuable contrlbutlon is acknowledged in the Trustees, Report. e) Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; th15 15 normally upon notlflcatlon of the interest paid or payable by the Bank. f) Fund Accounting Unrestrlcted funds are available for use at the dlscretlan of the Congregational Commlttee in furtherance of the objectives of the charity. Deslgnated funds comprise unrestricted funds that have been set aside by the Congregatlonal Commlttee for partlcular purposes. General funds may be transferred to deslgnated funds where the conggational Committee wish to use these funds for a speciflc purpose. Such fund5 may be transferred back to general funds once the crlteria for the designation have been met or are no longer applicable. Restricted funds are subjected to restrictions on their expendlture Imposed by the donor or through the terms of the appeal. Pag• 11
Ballyhenry Prebyterlan Church Notes to the Financial Statements for the year ended 31 December 2023 l. Accountlng Pollcles ctd... g) Expendlture and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure 15 classified under the following activity headings: Expenditure on charitable activities includes the costs of central church assessments, ministry and support staff, core team and organisations expenditure, church running costs and administration, donations and other support services to further the purposes of the charity and their associaled support Costs. The church is not registered for VAT purposes, therefore irrecoverable VAT is charged to the Statement of Financial Activities, or capitalised as part of the cost of the related asset, where appropriate. h) Allocation of support costs Support costs are those functions that assist the work of the charlty but do not directly undertake charltable actlvities. Support costs Include back offlce costs, flnance, human resources, payroll and governance c05t5 whlch support the charity's actlvlties. These costs have been allocated against the expendlture on charitable actlvltles. l) Operatlng leases The church has no operatlng lease5. j) Tanglble fixed assets and depreciation Depreciation is provlded at rates calculated to wrlte off the c05t less re51dual value of each a55et over its expected useful Ilfe, as follows.. Flxtures & Flttlngs From IO% to 25010 Stralght Llne Manse 2% Stralght Llne Church Slte - Land No charge Church Slte - Bulldlng 20/0 Stralght Llne 8allyhenry Presbyterian Church have a pollcy of no depreciation In the year of purchase, meanlng that depreclatlon starts In the first full year after purchase. k) Cash at bank and In hand Cash at bank and cash In hand Indudes cash and short term hlghly Ilquld Investments with a short maturity of three months or less from the date of acquisition or opening of the deposlt or slmllar account. l) Taxatlon The church Is a regIsted charity and the charltable tax exemptlons are therefore belng clalmed to the extent that Income andlor galns are appllcable and applled to charotable purposes only. These exemptions wlll remaln In place as long as income and expenditure is applied to charitable purposes only. m) Critical accounting estlmates and judgements In the application of the Charity's accountlng pollcles, the Trustees are requlred to make Judgements, estlmates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual result5 may differ from these Pagg 15
Ballyhenry Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2023 l. Accountlng Policies ctd... m) Critical accountlng estimates and Judgements ctd... estimates. The estimates and underlying assumptions are revlewed on an ongoing basis. Revisions to accountlng estimates are recognised in the perlod in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision afferts both current and future perlods. 2. FIXED ASSETS Church Flxtures & Slte Flttlnqs Manse Total COST As at l January 2023 Addltlon5 267,769 476,728 268,252 27,301 1,012,749 27,301 Disposa15 A$ at 31 December 2023 267,769 476,728 295,553 1,040,050 DEPRECIATION As at l January 2023 Charge for the year Depreclatlon on Dlsposals AJ at 31 December 2023 69,628 5,355 14,275 1,535 116,613 26,537 200,516 33,427 74.983 15,810 143,150 233,943 NET BOOK VALue As at 31 December 2023 192,786 460,918 152,404 806,108 Ag at l January 2023 198,141 462,453 151,639 812,233 3. DEBTORS 2023 2022 Glft Ald Recoverable other Debtors Insurance pre paid Insurance claim due Rates pre paid Music Copyrlght pre pald 32,431 1.250 3.185 2,774 210 32,702 896 3,150 199 966 P8g8 16
Ballyhenry Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2023 4. CASH AT BANK AND IN HAND 2023 2022 Danske Bank First Trust Santander Cash In Hand 152,062 851 161,864 906 371 522 163 663 380 153 293 5. CREDITORS: amount falling due within one year 2023 2022 Royal British Legion Gas,Water & Electricity Grant for Web Design Printed Material Other Creditors Heating Contractor Church Magazines 352 1,494 999 3,314 2,341 16,000 180 455 108 16,000 342 17 6. CREDITORS: Jmount falling due after more than one year 2023 2022 Crescent Loan Fund (PCI} 7. EMPLOYEES Employment Costs 2023 2022 Wages and Salarles Social Securlty Costs Pension contrfbutions 59,180 4,999 52,815 4,883 Nurnber of Employees The average number of employees, Includino the minlster of the congregation, durlng the year was.. 2023 2022 There were no employees in receipt of employee benefits in excess of £60,000. 8. PENSION COSTS The minister of the congregatlon Is a member of the Presbyterlan Church In Ireland Penslon Scheme (20091. This is a scheme operated by the Presbyterlan Church in Ireland, a separate registered charity. The conqregatlon pays an assessment to the Presbyterian Church In Ireland equivalent to the employer's penslon contribution for the Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Penslon Scheme 120091 is a funded Scheme of the deflned benefit type, provldlng defined beneffts based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterlan Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme Is sufficlently funded to meet current and future obllgation5. A fomial schedule of contributlons was drawn up Paqe17
Ballyhenry Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2023 8. PENSION COSTS ctd... on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 240/0 of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insu ring death in service benefits and funding the scheme deflcit. The contributions made by the congregation during the year were: 2023 2022 Contributions 8,829 8,409 The congregation operates a defined pension contribution policy for its employees. The scheme and its assets are held by an independent scheme manager. The pension charge represents the contributions due from the congregation during the year.. 2023 2022 Contdbutions 9. RELATED PARTY TRANSACTIONS One of the Trustees, the minister of the congregation received remuneratlon of £37,288 and expenses of £7,463 for acting in that capacity. Pension contributions of £8,829 were pald by the congregation In respert of the mlnSster to the Presbyterlan Church In Iland Pension Scheme (20091. None of the other trustee5 recelved any remuneratlon, no trustees claimed expenses durfng the year In connectlon wlth thelr duties. Durlng the year the congregation contrlbuted the followlng amounts to Funds of the General Assembly of the Presbvterlan Church In Ireland a separate charfty. £20,030 for COnggatIonal asses5ment5 Includlng PCI Pension Scheme (20091 £9,481 towards the Unlted Appeal £1,738 toward the World Development Appeal £543 towards Presbyterian Chlldren's Soc. £2,185 towards the Moderators Appeal £1,595 towards PW Fund £3,000 towards Global Misslon (PCI) The congregatlon contrlbuted £685 towards Presbytery Assessments durlng the year. There were no other related party transaction5. 10. UNRESTRIcfED FUNDS - MOVEMENTS IN THE YEAR Balance at Incoming Amounts 111123 Funds Expended Transfers Balance at 31112/23 General Fund 89,616 121,707 (135,397) (8) 75,918 11. RESTRICTED FUNDS - MOVEMENTS IN THE YEAR Balance at Incoming Amounts 1/1123 Funds Expended Transfers Balance at 31112123 Property Fund Mission Fund Orqanisatlons 834,444 19,540 45,442 (46,984) 51,876 144,282) 1,731 834,633 27,134 Total Restrlcted Funds 881,281 106,049 (101,640) 885.698 Page18
The following pages do not form part of the statutory financial statements which are the subject of the independent examlner's report on pages 9 and 10. P8g8 19
Ballyhenry Presbyterian Church Detailed Statement of Financial Activities for the year ended 31 December 2023 INCOMING RESOURCES Unrestricted Nol Restricted Property Mlsglon Organisations Total Regular Dlrect Givlng Recorded Giving Glft Aid Received on Recorded Glv5ng Loose Collertions Gift Days/Special CollectlonslDonatlons Glft Ald Recelved on Occa51onal Gifts Total Regular Dlrect Glvlng 94,880 17.303 1.383 35,754 24,771 6,839 5,342 155,405 29.484 1,383 13,670 13,670 121 113 687 170 170 42 593 46 801 203 251 Donatlons and Lega¢les Glfts Total Donatlons and Legacles loo loo 75 75 75 75 46 46 296 296 Actlvitles that Generate Income Income from Church Events Organi5ations Membershlp Fee5 Sale/Rent of Book5 1 CD'S l DVD'S etc, Weddlngs, funerals, etc Total Actlvltles that Generate Income 210 210 5,101 1,906 960 5,101 1,906 960 Investment Income Bank and Buildlng Society Interest Total Investment Income 412 412 420 420 other Income Sources Grants Received Insurance clalms recoverable Miscellaneous Income Total Oth¢r Income Sources 6.008 5,000 1.500 12,508 2,774 330 2,774 330 TOTAL INCOMING RESOURCES 121,707 45.442 51,876 8,731 227,756 RESOURCES EXPENDED Unrestrlrted Nol Restrlctad Property Mission Organisatlong Total Central Church Assessments Central Min15try Fund PCI Pension Scheme Wldows of Ministers Fund Incldental Fund Prolonged Disablllty Fund Ministerlal Development Fund Slck Supply Fund Church House Rekjairs Fund students Bursary Fund Total Central Church Assessments 3,562 8,829 728 2,913 728 324 32 1,619 3,562 8,829 728 2,913 728 324 32 1,619 Page 20
Ballyhenry Presbyterlan Church Detalled Statement of Flnanclal Activities for the year ended 31 December 2023 RESOURCES EXPENDED ctd... Unrestricted Nol Restricted Property Mlssion Organisations Total Ministry and Support Staff Minlster Minister's Stipend Minister's Expenses Minister's NHI & Apprentlceshlp levy Total Mlnlster 37,288 7,463 37,288 7,463 49.750 49,750 Other Mlnlstry and Support staff Other Minlstry and Support Staff Pulpit Supplies and Guest Speakers Total Other Mlnlstry and Support staff 21,892 793 22,685 21,892 250 250 22,935 Totsl Mlnlstry and Support staff 250 Life and Work Worshlp and Fellowshlp Worshlp Resources & Copyrlght Llcenses Soclal events Church Envelopes Other Total Worshlp and Fellowshlp 1,061 1,061 448 464 448 464 470 1,995 2,387 4,382 Disclpleshlp and Mlnlstry Chrlstlan Educatlon and Trainlng Church Magazlnes and Literature Other Total Dlsclpleshlp and Mlnlstry 585 72 30 687 585 72 30 687 Mlsslon and Outreach Children's and Youth Minlstrles Local Misslon and Outreach Publiclty & web slte Church Events Other Total Mlsslon and Outr•ach 1,573 6,907 1,046 2,745 50 12,321 4,887 6,460 6,990 1,046 2,745 50 17,291 83 83 4,887 Total Life and Work 83 Governance Kirk Sesslon/Commlttee tralnlng etc Independent Examiner/Audit Fees Other Professional Fee5 Adverts, Printing, Stationery & Postage Other Sundry Expenses Bank Interest and Charge5 Loan Interest Presbytery Fee5 Total Governance 50 780 420 2,848 25 465 so 780 420 2,848 25 971 344 685 318 344 18 170 685 662 18 170 Page 21
Ballyhenry Presbyterian Church Detailed Statement of Financial Activities for the year ended 31 December 2023 RESOURCES EXPENDED ctd... Unrestrirted Nol Restricted Property Mission Organisations Total Property and Equlpment Utilities Electricityi 011, Gas - Church and Halls Rates and Ground Rent - Church & Halls Water Rates- Church and Halls Telephone & Internet - Church and Halls Rates and Ground Rent - Manse Telephone & Internet - Manse Total Utilltles 15,935 40 716 401 869 503 18,464 15,935 40 716 401 869 503 18,464 Repalrg and maint•nance Repairs etc- Church and Halls Repair5 etc - Manse Total Repairs and Malntenance 405 12,373 520 12,893 12,778 520 13,298 405 Insurances Insurance Total Insurances 3,787 3,787 Depreciatlon Depreciation Church and Ha115 Depreciation - Manse Depreciation - Equipment Total Depreclation 1,535 5,356 1,535 5,356 33,429 33,429 Total Property and Equlpment Grants to Misslong and Charltles United Appeal Total Unlted Appeal 9,481 9,481 other PCI Schemes Board of Overseas Misslon Global Mission (PCI) Presbyterian Childrens Society World Development Appeal Moderators, Appeals Presbyterian Women Total Other PCI Schemes 3,000 543 1,738 2,185 3,000 543 1,738 2,185 7,466 1,595 9,061 other Missions and Charltles Bible Translation & Distri b'n Agencies Tear Fund Earl Haig/RUC/UDR other Agencles Grants to Individuals Total Other Missions & Charities 7,400 7,182 352 8.500 7,400 7,182 352 9,385 885 200 1,085 27,234 28,319 Total Grants to Misslons and Charities TOTAL RESOURCES EXPENDED 135,397 46,984 44.282 10,374 237,037 Page 22