Ballyhenry Presbyterfan Church Flnanclal Statements for the y•ar ended 31 D•cember 2024 Charlty Nos: XN47798 NI Charity Commlsslon Registratlon No: 104315
Baltyh•nry Prnsbyt•rfan Church Pa9• Cortents Truste85' Annual Report Independent ExamlneV$ report statament of Hnandal Pthltles io Balanca sheet li Ststement of Trustees, Repsonslbllltles 12 Note$ to the flnanclal statements 13-18 The followlng pages do not ft•m part orthe Flnandal Statements Detallad Stst•ment ol Flnanclal Actlvlti 19-22 Pao8 1
Ballyhenry Prebytsrian Church Trustees Annual Report for the year ended 31 December Z024 The Trustees present their Annual Report and Ananclal Statements for the yeèr ended 31 December 2024 Includlng a Balance Sheet as at that date. REFEREt4CE AND ADMXNXSYRATIVE DETAILS 6allyhenry congregation of the Presbyterlan Church In Irand Ballyhenry Road, Newtownabbeyi BT36 SLU Reqlstered Charfty In Northem Ireland {NIC104315) CHARITY TRUSTEES The Charlty Trustees who seThed durlng the year and who were trustses at the date of thls pOrt were Mr Rlchard Cecll Feryuson Mr Malcolrn Desmond Frew Mr Martln Graham Mr Wllllam RDbert John Hutton Mr Albert Vlctor Jone5 Mr Davld John Leeman Rev Nlall Sarnuel Robert Lockhart Mr Morrls Lutton Mr Geoffrey Samuel Mcsparrnn Mr Gernld Martln Plnk PRINCIPAL OFFICE BEARERS Mlnlster Clerk of Se551on Treasurer Rev Nlall Lockhart Mr Wllllam Hutton Mr Ivan Reld INDEPENDENf EXAMINER AAB Group Accountants Ltd, Unlt I, Central Park, 10 Mallusk Rd, Newtownabbey BT36 4FS BANKERS Danske Bank, Abbey Centre, 31A Longwood Road, Newtownabbey, BT37 9UH SOLIcfTOR5 Magennls & Crelghton Sollcltors, 572 Shore Road, Newtownabbey, BT37 05L STRUCTURE AND MANAGEMENT The Klrk Sesslon The charlty trustees of the congregatlon are the members of Its Klrk Sesslon. Under the congregatlon's governlng document, The Code, the book of the con5tltutlon and government of the Presbyterlan Church In Ireland, the Kirk Session seeks to watch over and promote the Spiritual Interest of the congregatlon and of per50ns 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 of the Church to Chrfstlan wltne5s and servlce In the local communlty, The Klrk Sesslon has delegated to Its Congregatlonal Comrnlttee the temporal affalr5 of the congregatlon Includlng administertng all funds and property belonglng to the congregatlon. Members of the Klrk Sesslon are ex-offldo member5 of the Congregatlonal Commlttee. The Klrk Session conslsts af the ordalned mlnlster and the rullng elder5 of the congregatlon. members are entltled to propose, Speak and exercise equal votes at meetlngs, except that the Moderator, the mlni5ter5 in actlve duty in the congregation, has no dellberatlve but only a castlng vote. One elder retlred from the dutles of the eldershlp and from being a trustee In 2024. Page 2
Ballyhenry Prebyterian Church Trustees Annual Report for the year ended 31 December 2024 Stated meetlng5 of the Klrk se551on are held on the Second Tuesday of the month. To be chosen for the offlce of the eldershlp In the congregatlon a person must be a votlng member and a regular attendant on Its ordinances. The selection of those proposed to be called to the Offl can be either by the congregatlon or by the Klrk Se55ion. Members are ele¢ted If they obtaln two-thlrds of those who vote. Presbytery Under the Presbytsrfan Church In Ireland fonn of governance the corporate overslght of a congregatlon Is the responslblllty of a Presbytery whlch superlntends generally the splrltual and tempornl affalrs of the congregatlons asslgned to It by the General Assembly of the Presbyterlan Church In Ireland. Ballyhenry Church has been asslgned to the North Belfast Presbytery of the Presbyterfan thurch In Ireland. The membershlp of the Presbytery consists malnly of the artlve mlnisters of congregatlons assigned to It by the General Assemblyi mlnsters who have retlred from actlve duty and an elder appolnted by the rk Sesslon of each congregatlon. The General Assambly The General Assembly Is the supreme court of the Church. representlng In one body the whole Church and actlng as Its supreme leglslatlve, admlnlstratlon and Judlclal auehority. In deallng wlth all matters brought before It. The General A55embly1s normally constituted durtng the flrst week In June for worshlp and to conduct Its buslne55. At the end of buslness It Is dlssolved. The membershlp of the General Assembly consists mainly of the actlve mlnlsters of each congregatlon, retired mlnsters and a representative elder appolnted by the Klrk Ses51on of each congregatlon. DESCIUPTION AND PURPOSE Ballyhenry Presbyterlan Church Is a congregatlon of the Presbyterlan Church In Ireland. The Presbyterlan Church In Ireland, as a Refornied Church wlthln the wlder body of Chrlst Is grounded In the Scrlptures, and exlsts to love and honour God through falth In His Son and by the power of HIS Splrft, and to enable her members to play thelr part In fulfllllng God's misslon to our wodd. The congregatlon's mlsslon purposes are descrlbed In Its mlsslon statement: Ballyhenry, seeklng to row as a learnln9 church, a earlng church. a humble church and an outward looklng chureh. As a congregatlon of the Presbyteman Church In Ireland, we belleve that the 81ble Is the Supreme authorlty over all we do, and that the Westmlnster Confesslon of Falth, along wlth the Larger and Shorter Catechlsms set out what we understand the Blble teaches on key matter5 of Chrlstlan fvith and prattlce. ACTIVITIES AND OBJECTIVES The congregatlon meets each Sunday for publlc worshlp. The Sacrarnent of the Lord's Supper Is observed on a number of occaslons throughout the year. The congre9atlon has 5 'Fellowship Groups, (wlth around 60 people) where members meet to study the Blble and pray. We have range of organlsations dlrectly under the control of our Klrk Sesslon, including: Art Appreclatlon Society Blble Cla55 Bowling Fellowshlp Dlscover Klds Club Junlor Chr15tlan Endeavour Ladies. Fellowshlp Mum5 and Toddlers Po98 3
Ballyhènry Prebyterlan Church Trustees Annual Report for the year ended 31 D•cember 2024 Pralse Group Presbyterfan Women's Group Senior Members, Group Sewing Group Sunday School Young Fellowshlp Youth aub ACHIEVEMENTS AND PERFORMANCE Worshlp and prayer Publlc worshlp takes place each Sunday at 11am. Durfng the year we had no baptlsms and no weddlngs. Numerous funerals took place In the church throughout the year. At 31 December 2024 there were 183 communlcants and 221 famllles connected wlth the congregatlons. The average weekly attendance at mornlng wor5hlp Is 190 (In person) wlth an addltlonal 15 regularly Jolnlng on Zoom. Pastor•l c•r• Pastoral care Is an lrnportant aspect of the Ilfe ol the congregation. Our Minlster, and our Pastoral As51stant, seek to regularfy make contart with those who are slck or elderly. In 2024 we held our ftrst ' Blg Church Weekend" with 90 people In attendance. Ml•$lon and outreach At a local level the congregatlon seeks to engage In outreach wlthln our communlty through runnlng an annual evangellsm course. In December we leafletted our entlre parlsh area (2800 homes) and held a guest Carol Servlces draw5ng a range of attendees from across our local communlty. The congregatlon supports the Unlted Appeal for Mlsslon whlch Is a central fund of the Presbyterlan Church In Ireland. Thls fund enables congregatlons to SUPPOrt the wlder mlsslon of the denomlnatlon and to do mlsslon and outreach on denomlnatlonal basls beyond what the congregatlon could do on Its own. The United Appeal Fund provldes financlal support for m1551on personnel at home and overseas, asslsts congregatlons wlth the deployment of locally based staff, enables church plantlngt provldes grant support for the upkeep of church premlses, asslst wlth the runnlng costs of Unlon Theological College, the Church's trnlnlng college for mlnlstry students, and flnanclally supports congregatlon Inthe areas of worshlp, dlsclpleshlpi global mlsslon, outreach, leadershlp and pastoral care. Presbytery The congregatlon was represented at the regular meetlngs of Presbytery by our mlnlster and one of the elders. Thls provldes an lrnportant Ilnk btheen the congregatlons and the wlder structures of the church. General Assembly The minister and one of our eléer5 are nominated to attend the meeting of the General Assembly of the Presbyterian Church in [land held in Assembly Buildlng5, Belfast, in June. Property Durlng the year works were carrled out to the Manse, Includlng the Installatlon of a new gas he)tlng Page 4
Ballyhenry Prebyterlan Church Trustees Annual Report for the year ended 31 December 2024 system, to rgplace an agelng old fired system. Ongoing maintenance worl( was 81so carrled out wlthln the church. Organlsation$ These figures offer an overvlew of organisations that were meetlng, as of Dernber 2024. Sunday School: Wqekly activity durlng mornin9 worship for prlrnary and pre-prlrnary age chlldren. (Average attendance.. 25) Blble Class.. Weekly meetlng for teenagers, studylng the Blble. (Average attendan,. 7) Youth Fellowshlp.. Sunday nlght 9roup for teenagers studylng the 8lble together (Average attendan.. 11) Discover Klds Club., Weekly gmup for chlldren of prlmary school age, Actlvltles include Blble cuvltlesi games and crafts. (Average attendaft.. 40} Mum5 and Toddlers Group ('Llttle iAmb5').' Weekly group for parents and toddlers from wlthln the local communlty. (Average attendance: 45) Art and Generdl Interest Group.. Monthly actlvlty provldlng soclal and learnlng actlvlty for adults. (Average attendance.. 20) Presbyterlan Women's Group., Bl-monthly gatherfng for women, with speakers of mlsslon and 50clal Interest. (Average attendance: 25) Senlor Members, Group., Bl-monthly gatherSng fijr senlor cltlzens, wlth talks, fellowshlp and muslcal entertalnment. (Average attendance: 20) Ladles, Fellowshlp: Weekly Ladles. Bible Study. (Average attendan.. 5) Bowllng Fellowship.. Recreatlonal and fellowshlp group frfyr adults. (Average attendance: 12) Junlor Christlan Endeavour: Weekly group for chlldren and young people. Attivltles Include slnglng, Blble storle5 and games. (Average attendan. 20) -meet the Nelghbours Communlty Cafe: Frlday rnornlng drop In. (Average attendance.. 35) Youth Club.. Soturday nlght cornmunlty based programme wlth recreatlon / crafts and short Blble-based talk. (Average attendance: 40) We also Guldes whlch meet In our halls (average attendance 20). This group follows a programme of learnlng, recreatlon and soclal development caterfng for glrls from pre-prlmary to older teens A number of Indlvlduals also Serve as volunteers and Newtownabbey Street Pastors Volunteers The Trustees are m05t appreclat5ve of all the work carrled out by our many volunteers throughout the year, In all aspects of the church'5 Ilfe and wltness. PUBLIC 8ENEFZT STATEMENT The Presbyterlan Church In Ireland meets the publlc benefit requlrement by provldlng beneflt to Its members and the gener41 publlc by making known the Chrlstlan Gospel of the Lord Jesus Chrfst through the advancement Df rellglon. The dlrett beneflts whlch flow from the purposes of the Church Include the galnlng of an under5tandlng In Chrt5dan bellefs as Set out In the Blble and In the Church's 5ubordlnate standards (the Westminster Confe5slon of Falth and the Shorter and Larger Catechlsmsl leadlng to splrttual and moral development and opportunltles for response to 8lble teachlng. In tum, this framework leads to prattical expre5slons of Chrlstian bellef5 and Standards in the local communlty Such as through the care of those In need (includlng the slck, dlsabled and bereaved). Generally the above beneflt5 are dellvered locally by congregations and thelr member5, or are facllltated through presbyterfes or are organi5ed and dellvered centrally. Local delivery 15 facllltated by central resources In almost all cases. Publlc access Is made known through the use of nOt1bOardS, prlnted materfial, pres5 advert15ement, websltes, and social media or in other ways. The beneftts are demonstrated through regular evaluation of the servlce5 and Informal and ad-hoc feedback from members, their famllles, and members of the publlc.
Ballyhenry Prebyterlan Church Trustees Annual Report for the year énded 31 December 2024 PUBLIC BENEPIT STATEMENT ctd... The purpose does not lead to harm. The Dnly prfvate benefit flowing frtsm our purpose is related to Mlnisters, Misslonarles, Deaconesses, Irish Mlsslon workers and Lay Agents who receive beneflts as result of thelr holding office or employment. However, this is incidental and necessary In order to fvrther our charltable purpose. There are no other private benefits. The beneflclarfes of thls purpose are members, thelr families, other Individuals that the Presbyterian Church In Ireland Is In dlrert and Indirect contact wlth, the communlty In whlch pastoral servlce5 are provided and other communltles throughout Northern Ireland, the Republic of Ireland, and worldwlde whlch beneflt from our engagement wlth and 5UPPOrt for both Chrlstlan and other secular organlsotlons, charltle5 ènd Indlvldual members of the publlc. The Sesslon has hèd regard to the Chaiity Commlsslons publlc beneflt requlrqment statutory guldance. PINANCIAL RtWXEW The congregatlon's maln source of Income Is mernbers, cantrfbutlons through the monthly Freewill Offerlng. There were 161 contrlbutlng households durlng the year (number In prev5ous year, 2023: 160) donatlng a total of £228k. In 2023 dlrect glvlng was £203.2k. The total Income Includlng above for 2024 Is £253.4k cornpared to £227.8k In 2023. The Increase overall of E25.6k can be attrfbuted to the followlng: 1. £24.8k Increase In dlrect glvlng. 2. £2. Ik Increase In donatlons and legacles. 3. £0.6k Increase In actlvltles that generate Income 4. £1.9k decrease In other Income sources. As In previous years Urban M55slon Trust gave us a Comrnunlty Engagement Grant for Intergrated College Glengormley to be spent In 2025, The Educatlon Authorlty gave two grants to two youth organlsatlons and Antrfm and Newtownabbery Coundl grants for Frlday drop In cade and Meet the Nelghbours. In 2023 accounts we had an Insurance dalm which accounts for the drop In other Incomes Totsl expendlture decreased from £237k [2023) to £231.5k {2024). Thls derease of £5.5k wa5 accounted for by the followlng: 1. £1.5k Increase In Mlnlstry & Support staff - salary Increases 2. £0.6k decrease Llfe & Work. 3. £0.2k deease In Assessments & Governance 4. £8.5k decrease In Property & Equlpment- 2024 was a better year for energy costs. In 2023 we also pald for stomi damage (Insurénce recoverable) due (see above) 5. £2.3k Increase Grants to Mlsslons & Chèrltles Balance Sheet-The cash held decreased from £153k (31.12.2023) to £145k131.12.2024). It should be noted that £23k of the cash is held by the organlsatlons so Is not avallable for use wlthln the maln church accounts. °Credltors.' amounts falllng due wSthln one yearf- £24k a major part of thls Is £16k stlll owed to the heatlng contrattor. E5k Is stlll owed to the Crescent Loan Fund, The orlglnal 5-year loan was £50k to pay for the heating upgrade the £5k will be pald off In 2025. "Flxed Asset5° _ up £14k In 2024. There was £45k of capltal expenditure In 2024 (new kitchen) whlle depreclatlng of the church assets was £31k. Page 6
Ballyhenry Prebyterian Church Trustees Annual Report for the year ended 31 December 2024 RESPONSIBILITIES IN RESPEcf OF THE FINANCIAL STATEMENTS The Trnstees are responslble for preparlng the Annual Report and the flnancial statements In accordance wlth applicable law and United Kingdom Generally Accepted Accounting Pr4Lt5ce. The Trustees are requlred to prepare fSnanclal statements for each financial year whlch give a true and falr vlew of the state of affalrs of the congregatlons and the flnanclal actlvltles for that year. In preparlng the flnanclal statements the Trustees are requlred to: select sultable accountlng pollcles and then apply them conslstently make Judgements and estlmate5 that are reasonable and prudent prepare the flnanclal statements on the golng concem basls unless It 15 Inapproprlate to presume that the Funds wlll contlnue In operatS0n. The Trustees are re5ponslble for keeplng adequate accountlng records that are sufflclent to show and explaln the funds transactlons and dlsclose wlth asOnable accuracy at any time the flnandal posltlon of the congregations and enable them to ensure that the flnancial statements comply wlth the Statement of Recommended PrdCtlce"Accountlng and Reportlng by Charltles (l January 2015).. They are also responslble for safegLtardlng the assets of the cOnggatIOn and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. GOING CONCERN The artlvltle5 of the congregatlon are dependent on ongolng contrfbutlons from Its member5. The Trustees are of the oplnlon that the congregètSon has sufflclent resources at ihe date of approval of these flnanclal statements to meet commltments whlch wlll adse 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 congregatlon's current actlvltle5 and other flnandal eommltments. RESERVES POLICY The Trustees have consldered the level of unrestrftted reserves that It Is appmprlate to hold taklng account of current and ongolng commltments. It is the pollty of the Trustees to hold at least 2 month's nomial expendlture. At the year-end unrestrfcted reserves were É78k whlch represents a hlgher level of reserves. The Trustees, however, conslder It prudent to hold reserves at th15 level as the fundlng of Its present actlvltle5 Is dependent of the ongolng flnanclal support of rnembers. RISK REVIEW A revlew of rnajor risks has been undertaken by the Trustees and systems and procedures Implemented to manage Identlfled rfsks. The prfnclpal rlsks are In relatlon to the Ilkellhood of reputattonal damage and flnanclal r15ks assoclated wlth the expectatlon of ongolng financlal support from members. The trustees have also noted the uncertalnties that contlnue to be evldent as result of the legacy of the Covld-pandemlc. An additional identlfled rlsk Is In relatlon to ensuring compllance wlth statutory requlrements In all relevant areas. These rlsks are mltlgated by the Trustees, and the Congregatlonal Commlttee (and thelr attendant 5ub-¢ommlttees), regularly monltorlng the varfous actlvitles of the congregatlon at stated meetlngs and by encouraglng members In thelr regular glvlng. The Trustees have also consldered It expedlent to ask the Congregatlonal Commlttee to contlnue to meet on a monthly basls (in term tlmel. The reason for this Is to provlde an ongoing level of monitorfng regardlng the church's flnancial commltments and reserves. The trustees have a150 Set In place a mechanlsm whereby key flnanclal office bezrer5 meet on a quarterly basls to revlew the congregatlon's flnance5' reportlng back to the Trustees and congregation as is approprfate. Pap7
Ballyhenry Pmbyterlan Church Trustoes Annual Report for the year ended 31 December 2024 APPROVAL Approved by the lark Sesslon at a meetlng on ... and signed on Its behalf by Martln Graham ITrustee) Trustee Date: t? Wllllam Hutton ( Trustee Date.. lerk of Sesslon)
Oall¥trnry Presbyterfan Cburch IDdEpendent Examlne¢5 ReportToThi Congregatlonal CgThmittee of Ballyh•nry Pts¥1¢M Church Con¥r•Bat5on Yaar Endd 31 Oerember 2024 l rtportto the TN£teu' my e¥amlnaUon of th& nnandal statsnents of Biltyh•nry Presbylprlan Churth for th year•nded 31 Dttomb•r 2024. Awnilbllill•• •nd tr• of r•port A• the Tn&te%s of the you I responslble for the prepirllwon ¢1 ihlln4ndil 5taternents In accoréance th tho requlr•ments of th2 CharlU•s Att 2011 lthe 2011 Aetl. I rport kn rispECt tsf my examirtat1on of the chatttb•s'$ finan¢W siat4ments c•rled out undqr SICn 145 oltho 2011 Att. In tarrylno out rnv •X4mlnatl¢n I have fallow•d 411 the appllcable Dtrettions glven by thè Charfty Commlssloll undr 8•alan 145151{bl of tha 2011 4•Kt. Ind•p•nd•nt •x•mln•WA Jtat•m•nt nce th• tharftvs yr05¥ Income exceaded OSO,000 y#w•x•mlMr must t• • ffV4mb•r ala body115tod In 1100 65 oltha 2000 ALt. l Egnnrm that i Im quaiinod to und•ruk¢ th• •x•rniDèYon l Im ts member of Chirt•r•é Accoununts Ireld, whkh l¥ ont ol the Ilthd bodlE5. I Thtrvq complited my Wffllna¢. I tanflrrn that no hav•com• to my 4tt4n¢ion In tannectytsn wlth th• glvlng m• Au5e tD >¢llew Ih•r In ony mat•rf•l reSpt.. l •cc•unUng recor65 wqr not k•pt1Th rn6pect vf the chorltlu •5 rnqulrnd by 130 oPth• 2011 A&,, or 2 the fl11 yt•i•m•ntt nryt lcccrd wlth thL55• ¥qCDnts.' or 3 thE flnanda¢ thtements dp not rumply wlth the appllrabie qUIren concernlng the fvrm and contEnt OF accpjuhts i•t out tn the Chorfties (Acrounts and R•pei Re9ulatlon$ 2008 thor th•n Jny requlrernent that th• BrcountS glv• tru• •nd hlr knlch li Thot a matt•r can514ereO as port ol Dn Ind•pEndt •ximln•Uon. INDEPENDH4T EXAMINER'S STATEMINT I hBve no contqrD5 Ind have coma icrnsi no other m•ttEf5 In CDnn•tt4Dn wlth th• •Yamlnitlon lo whlth attqnttDn ihauhj be drawn ID th15 ryport In order to enable o proper undorstandlng of the fl¢wndal ttatemen15 ED bi reathed. Farrell Farand M behl W Dr B GrDUP Accountsnu Umknd rndependent &amlnerA 1-3 ArthtsrStf•rt Dat• 8n 4GA P•3v9
Ballyhenry Presbyterlan Church Statement of Financlal Actlvlties (Incorporating the Income and Expendlture Account) lor the year ended 31 December 2024 2024 Total 2023 Totsl Unr•strictad Restrl¢ted Xn¢ome from: Regular Dlrect Glvlng Donat(ons and Legad8S Actlvltles that Generate Income Investment Income Other Income Sources 129,475 270 930 376 5.010 98,580 2,127 7,920 22 8,719 228,055 2,397 8,850 398 13.729 203,251 296 8,177 420 15.612 Total Incomé 136,061 117,368 253,429 227,756 Exp•ndlture on: Chavltsbl• Actlvltlu: Central Church Assessments Mlnlstry and Support Staff Llfe and Work Governance Property and Equlpment Grants to Mlssions and Charftles 20,753 73,991 14,109 4,383 19,951 124 20,753 74,191 21,783 5,206 60,424 49,114 20,030 72,685 22,360 6,123 68,978 46,861 200 7,674 823 40,473 48,990 Totsl Exp•ndltur• 133,311 98,160 231,471 237.037 N•t lTrcom• / (Expendlture) for th• Year 2,750 19,208 21,958 (9,281) Transfers iO•ii (857) 857 Net Income l (Expendlturn) befor• other racognlsed galns or loss•s 1,893 20,065 21,958 (9,281) N•t mov•m•nt In FundB 1,893 20,065 21,958 (9,281) Reconclliatlon of Funds Fund Balances Brou9ht Fon¥ard io-ii 75,918 885,698 961,616 970,897 Pund Balancas C•rrl•d Forward 10-11 77 811 905,763 983,574 961,616 All Income dertves from contlnulng actlvltles, thereftlre no statement of recoqnlsed galns or losse5 Is glven. PwJ• 10
Ballyhenry Prebyterlan Church Balan Sheet as at 31 December 2024 2024 2023 Flxed assqts Tan9lble Flxed Assets 820,536 806,108 Current assets Debtors Cash at bank & In hand 41,586 145,074 40,896 153,293 Credltors: amounts falllng due wlthln one year (23.622) (23,681) Net Currnnt Ass•ts 163,038 170,508 Credltor: amounts falllng due after more than one year (15,000) Net Asi•t• 983,574 961,616 Fund• UnraAtrlct•d Funds R•trfrt•d Fund* io li 77,811 905,763 75,918 885,698 983 574 961,616 For the year ended 31 December 2024 the charfty was entitled to exemptlon from audlt under sectlon 65 of the Charltles Act (Northern Ireland) 2008. Trustees, r¢$ponslbllltl•$: The members have not requlred the charfty to obtaln an audlt of Its accounts for the year In question In accordance wlth 5ectlon 65; and The trustees acknowledge thelr responslbllltles for complylng wlth the requlrements of the Act wlth re5pert to accountlng records and the preparatlon of accounts. These financial statements were approved by the Klrk Sesslon on and are slgned un thelr behalf by: Mr Illlam H Trustea on Mrma Trustse nGra Z3 Dat Date The notes on pagu 13 to 18 form an Integral part of these flnanclal statements Page11
Ballyhenry Presbyterian Church Statement of Trustees, Responslbllltles for the Flnanclal Statements for the year ended 31 December 2024 The purpose of thls statement Is to distlngu15h the Trustees, responslbllitles for the accounts from those of the Independent examlners as stated In thelr report. The Code permlts the Trustees to prepare accounts for each financlal year whlch give a true and falr vlew of the congregatlon's flnancial artlvltles durlng the year and of Its flnanclal positlon at the end of the year. In preparlng the flnanclal statements the Trustees should follow best prattlce and: seleLt sultable accountlng pollcles and apply them conslstently j make Judgements and estlmates that are reasonable and prudent,. follow the recommendatlons of the accountlng professlonal wlth regard to the fonn and content of the financlal ststements, or to dlsclose and explaln any departures therefrom. and prepare finanaal statements on the golng conrn basls, unless It Is Inapproprfate to assume that the congregatlon wlll be able to contlnue to rneet Its obllgatlons. The Trustees are responslble for keeping proper accountlng records of all the congregatlonal transactions whlch dlsclose wlth reasonable accuracy the flnanclal positlon of the congregatlon and whlch enable them to ensure that the flnanclal statements comply wlth the disclosure regulatlons. They are also responslble for safeguarding the congregatlonal assets, and hence for taklng reasonable steps for the preventlon and detectlon of fraud, error and other Irregularfties. r Wllllam Hu (Trustee) on Date Mr Martln Graham (Trustee) Pagg 12
Ballyhenry Prebyterlan Church Notes to the Financial Statements for the year ended 31 Dember 2024 l. Accounting PDIici•• Ba51s of Prnparatlon The prindpal accounting pollcle5 adopted, Judgements and key Sources of estlmatlon Unrtafjnty In the preparatlon of the flnanclal statements are as follows: a) Basls of Preparatlon The flnanclal statements have been prepared in accordance wlth Accountlng and Reportlng by Charltles: Statement of Recommended PrartI appllcable to charstles preparlng thelr accounts in accordance wlth the Financlal Reporting Standard appllcable In the UK and Republlc of Ireland (FRS 102) (effective l January 2019) and the (Charftles SORP IFRS 102), the Flnanclal Reporting Standard applloble in the UK and Republlc of Ireland (FRS 102). Ballyhenry Presbyterlan Church meets the deflnltlon of a publlc beneflt entlty under FRS 102. Assets and Ilabllities are Inltlally recognlsed at hlstorfcal cost or tran5actlDn value unless otherwlse stated in the relevant accauntlng pollcy notes, b) PY•paratlon of thq accounts on a golng ¢on¢em basla 8allyhenry Pr¢sbytsrlan Church has prepared the accounts on a golng concern basls. The balance sheet Is strong wlth strong contlnued support by the members. c) Income Income Is cognISed when the chartty has entltlement to the funds, condltlon5 attached to the Item{s) of Income have been met, It Is probable that the income wlll be recelved and the amount can be measured rellably. Income from government and other grants, whether 'capltal' grnnts or 'rEvenue' grants, Is recognlsed when the charlty has entitlement to the funds, any performance condltlons attached to the grants have been met, It Is probable that the Income wlll be receSved and the amount can be measured reliably and Is not deferred. d) Donat•d ••rvlcos and fa¢llltl•• In accordance wlth the Charltles SORP (FRS 102), the general volunteer tlme of the Charlty, volunteers Is not cognISed flnanclally In the Statement of Flnanclal Actlvltles but thelr valuable contrlbutlon Is acknowledged In the Tru5tee$' Report. ¢) Interut recelvabl• Interest on funds held on deposlt Is Included when recelvable and the amount can be measured rellably by the charfty. thls is normally upon notiflcatlon of the Interest pald or payable by the Bank. Fund Accountlng Unrestrlcted funds are avallable for use at the dlscretlon of the Congregatlonal Commlttee In furtherance of the objectlves of the charlty. Deslgnated funds comprfse un$tcted fund5 that have been set aslde by the Congregatlonal Commlttee for partlcular purposes. Genernl funds may be transferred to deslgnated fijnds where the Congregational Commlttee wlsh to use these funds for a speciflc purpose. Suth fvnds may be transferred back to general funds once the crlteria for the deslgnation have been met or are no longer applicable. Restricted fund5 are subJerted to restrictlons on thelr expendlture IrnPD5ed by the donor or through the term5 of the appeal. Pago 13
Ballyhenry Prebyterlan Church Notes to the Financial Ststements for the year ended 31 December 2024 l. Accounting Policiol ctd... g) Expendltura and Irr•eoverable VAT Expendlture Is recognlsed once there Is a legal or con5truttlve obllgatlon to make a payment to thlrd party, It Is probable that settlement wlll be requlred and the amount ol the obligation tan be measured reilably, Expendlture Is classlfled under the followfing actlvity headlngs.. Expenditure on charftable actlvitles Indudes the costs of central church assessments, mlnistry and support staff, core team and organlsatlons expenditure, church runnlng costs and admlnlstratlon, donatlons and other support s¢rvlces to fiJrther the purposes Df the charfty and thelr assoclated support costs. The church is not reg15tered for VAT purposes, therefore Irrecoverable VAT Is charged to the Statement of Flnanclal Actlvltles, or capltallsed as part of the cost of the related asset, where approprlate. h) Allocatlon of support cost$ Support costs are those functlons that a551St the work of the charlty but do not dlrectly undertake charltable actlvltle5. Support costs Include back offlce costs, flnance, human resource51 payroll and governance costs whlch support the charlty'5 actlvltles. These costs have been allocated agaln5t the expendlture on chY+rltable actlvltles. l) OperatlnK lease5 The church has no operatin8 leases. J) Tanglbl• flx•d ass•ts and depreclatlon Depreclatlon Is provided at rates calculated to wrfte off the cost less residual value of each asset over It5 expected useful Ilfe, bs fvIIow5: xtures & Nttlngs From IO% to 25% Stralght Llne Manse 2% Stralght Une Churth Slte - Land No charge Church Slte - Bulldlng 2% Stralght Llne Ballyhenry Presbyterlan Church have a pollcy of no depreclatlon 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 Include5 cash and short term hlghly Ilquld Investments wlth a short maturlty of three months or less from the date of acqulsltlon or openlng of the dep051t or slmllar account. l) Taxatlon The church Is a reg15tered charlty and the charitable tax exemptlons are therefore belng claimed to the extent that income and/or galns Jre appllcable and applled to charftable purp05es only. These exemptlon5 wlll remaln in place as long as Income and expendlture Is applled to charitable purposes only. m) Crftlcal a¢¢ountlng ¢¥tlmates and Judgements In the appllcatlon of the Charity's accountlng policies, the Trustees are requlred to make judgements, estlmates and assumptions about the carrylng amount of assets and Ilabilltle5 that are not readlly apparent from other Sour5. The estlmates ond a5sodated assumption5 are based on hlstorfcal experlence and other factor5 that are considered to be relevant. Artual results may dlffer from these Page 14
Ballyhenry Presbyterlan Church Notes to the Flnancial Statements for the year ended 31 December 2024 l. Accounting Pollcles ctd.. m) Critlcal accountlng estlmateB •nd Judg•ments ctd... estlmates. The estimates and underlylng assumptlons are revlewed on an ongolng basis. Revision5 to auountlng estlmates are recognlsed In the perlod In whlch the estlmate Is revlsed where the revlslon affects only that pertod, or In the perlod of the rev151on and future perlods where the revlslon affects both current and future perlods. L F£D ASSETS Chuvth Flxtures & Mans• sita Plttlngs Totsl As at l January 2024 Addltlons Dlsposals A• at 31 December 2024 267,769 476,728 295,553 45,369 1,040,050 45,369 267,769 476,728 340,922 1,085,419 DEPRECIATION As at l January 2024 Charye for the year Depreclatlon on Dlsposals A8 at 31 D•c•mb¢r 2024 74,983 5,356 15,810 143,150 1,535 24,049 233,943 30,940 80,339 17,345 167,199 264.883 NEf 800K VALue A8 at 31 December 2024 187,430 459,383 173,723 820.536 As at l January 20Z4 192,786 460,918 152,403 806,107 3. DEBTORS 2024 2023 Glft Ald Recoverable Other Debtors Insurance pre pald Insurance dalm due Rates pre pald Muslc Copyri9ht pre paid 36,743 32,431 1,250 3,18S 2,774 210 3,S13 219 Paq8 75
Ballyhenry Presbyterfan Church Notes to the Flnanclal Statements for the year ended 31 December 2024 4. CASH AT BANK AND IN HAND 2024 2023 D?nske Bank rst Trnst Santander Cash In Hand 143,358 1,129 152,062 851 587 74 380 S. CREDITORS: amount fallln9 due wlthln one year Royal Brtt15h Leglon Gas,Water & Electrfclty Crescent Loan Fund Prlnted Materlal Other Credltors Heatlng Contractor Church Magazlnes 2024 2023 352 1,494 1,024 5,000 3,314 2,341 16,000 180 190 16,988 420 6. CREDITORS: amount falllng due aftsr morn than on• year 2024 2023 Crescent Loan Fund (pa) 7. eMPLOYEES employment Costs 2024 2023 Wages and Salarles Soclal Securfty Costs Penslon contrlbutlons 59,862 5,238 59,180 4,999 Number of employe0• The average number of employees, Includlng the mlnl$ter of the congregatlon, durlng the year was: 2024 2023 There were no employees In recelpt of employee benefits In excess of £60,000. (2023-None) Key Management Personnel Key management personnel are those persons havlng authorfty and responslblllty for plannlng, dlrectlng and controlling the octlvltles of the church. These posltions comprlse of the Clerk (Chalrperson), Treasurer and Mlnlster. These posltlons are all voluntary and thls no remuneratlon Is paid. 8. PENSION COSTS The mlnlster of the congregatlon Is a member of the Pre5byterlan Church In Ireland Penslon Scheme [2009). Thls is a scheme operated by the Presbyterlan Church In Ireland, a separ7te reglstered charity. The congregation pays an assessment to the Presbyterian Church In Ireland equlvalent to the employer's pension contributlon for the Scheme and based on the stipend pald to the minlstar. The Presbyterian Church In Ireland Penslon Scheme (2009) Is a funded Scheme of the defined beneflt typei providing defined beneflts based on career avernge revalued salary. The Scheme has a55ets held In a Separately admlni5tered fund managed by a board of trustees. The Presbyterlan Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme 15 sufflciently funded to meet current and future obligatlons. A foal schedule of contrlbutlons was drawn up Pago 16
Ballyhenry Presbyterlan Church Notes to the Flnandal Statements for the year ended 31 December 2024 8. PENSION COSTS ctd... on 25 November 2015 whereby the Presbyterlan Church agreed to pay from 31 December 2015 contrlbutlons of 24% of pensionable salarles to cover the accrual of benefits for future serv1, expenses, the c05t of Insuring death In servlo beneflts and fundlng the Scheme def5clt. The contributions made by the congregatlon durfng the year were: 2024 2023 Contrlbutlons 9,271 8,829 The congregatlon operates a deflned penslon contrlbutlon pollcy for Its employees. The scheme and Its a55ets are held by an Independent scheme manager. The penslon charya represent5 the contrlbutlons due from the con9regatlon durlng the year: 2024 2023 Cortributlons 9. RELATED PARTY TRANSAcfIoNS One of the Trustees, the mln15ter of the congregatlon recelved remuneratlon 01 £38,627 and expenses of £7,674 for acung In that capaclty. Pension contrSbutlons of £9,271 were paid by the congregatlon In SPect of the mlnlster to the Presbyterlan Church In Iland Penslon Scheme (2009). None of the other trustees recelved any remuneratlon, no tru5teeg clalmed expenses durlng the year In connectlon wlth thelr dutles. Durlng the year the congregatlon contrfbuted the ft>llowlng amounts to Funds of the Genernl Assembly of the Presbyterlan Church In Ireland a separate chadty, £20,753 for Congregatlonal assessment5 Indudlng PCI Penslon Scheme (2009) £9,024 towards the Unlted Appeal É1,414 toward the Worfd Development Appeal £548 towards Presbyterlan Chlldren's Soc. £0 towards the Moderators Appeal £1,939 towards PW Fund £3,000 towards Global Mlsslon (PCI) The congregatlon contrtbuted £876 towards Presbytery Assessments durfng the year. There were no other related party trnnsactlons. 10. UNRESTRZCTED FUNDS- MOVEMENTS IN THE YEAR Balance at Incomlng Amounts 111124 Funds Expended Transfers Balance at 31112124 Total General Fund 75,918 136,061 (133,311) (857) 77,811 Balance at Incomlng Amounts 111123 Funds Expended Transfers Belance at 31/12123 Totsl General Fund 89,616 121,707 (135,397) (8) 75,918 Page 17
Ballyhenry Presbyterian Church Notes to the Flnanclal Statements for the year ended 31 December 2024 11. RESTRICTED FUNDS - MOVE14ENTS IN THE YEAR Balance at Incomlng Amounts Balance at 111124 Funds Expended Transfers 31112124 Property Fund Mlsslon Fund Or9anlsatlon5 834,633 27,134 23,931 48,760 58,900 9,708 (41, 135) (45,936) (11,089) loo 842,358 40.098 23,307 757 Total Restrlcted Funds 885,698 117.368 (98,160) 857 905,763 Balance at Incomlng Amounts Balanco •t 1/1123 Funds Expended Transfers 31112123 Property Fund Mlsslon Fund Organlsatlons 834,444 19,540 27,297 45,442 51,876 ,731 (46,984) (44,282) 10,374 1.731 834,633 27,134 1,723 Totsl Restrlcted Funds 881,281 106,049 (101,639) 885,698 Pagg 18
The followlng pages do not form part of the ststutory flnanclal statements whlch are the subject of the Independent examlneVs report on page 9. Page 19
Ballyhenry Presbyterlan Church Detalled Ststernent of Financial Actlvlties for the year ended 31 December 2024 INCOMING RESOURCES Unrestricted Nol Restrlcted Property Mission Oryanlsatlons Totsl Regular Dlr•ct Glvlng Recorded Glvlng Gtft Ald Recelved on Recorded Glvlng Loose Collertions Glft Days/Speclal Collectlons/Donatlons Glft Ald Received on Occaslonal G1ft5 Totsl Regular Dlrart Glvlng 106,776 20,581 1,842 39,314 28,991 7,226 6,110 175,081 33,917 1,842 13,814 3,401 228 055 13,702 2,935 46,540 51,738 112 190 302 276 Donatlons and Lagacles Glfts In Klnd Recelved for Church Organlsatlons 270 1,500 340 112 175 2,285 112 Total Donatlon8 and L•gacl 175 2,397 Actlvltl•s that Generata Incom• Incorne from Church Events Organlsatlons Member5hlp Pees SalelRent of Books / CD'S l DVD'S etc. Wedd5ngs, funerals, etc Totsl Actlvltles that Generdt• Zncomo 1,711 630 4,723 856 2,341 4,723 856 930 ,85 930 Investment Incom• Bank and Bulldlng Soclety Interest T¢Jtal Investment Incoma 376 22 398 Other In¢om• Sourc Grants Recelved Insurance dalms recoverable MISlIaneouS Income Total Other Xn¢ome Souvcos 5,010 5,000 3,000 13,010 719 719 71 TOTAL INCOMING RESOURCES 136.061 48,760 58,900 9,708 253,429 RESOURCES EXPENDED Unrestrl¢tqd Nol Restrlcted Property Mlsslon Organlsatlons Totsl C•ntral Church Assessments Central Mlnlstry Fund PCI Penslon Scheme Communicatlons Dept Imdows of Mlnlsters Fund Incldentsl Fund Prolonged Dlsablllty Fund Mlnlsterlal Development Fund Sick Supply Fund Church House Repalrs Fund students Bursary Fund Total Central Church Assessments 3798 9,271 1,063 683 2,734 532 76 15 1.366 1,215 20,753 3,798 9,271 1,063 683 2,734 532 76 15 1,366 I,zis Pagg 20
Baltyhenry Presbyterian Church Detalled Statement of financlal A¢tlvities for the year ended 31 December 2024 RESOURCES EXPENDED rtd... Unrestrict•d Nol Restrlcted Prop•rty MIs51on Organlsatlons Total Mlnlltry and Support Staff Minist•r Mlnisterfs Stlpend Mlnlster's Expenses Mlnisteffs NHI & ApPrentIShiP levy Total Mlnlster 38,627 7,674 5,238 38,627 7,674 51,539 i)ther Mlnlstry and Support Staff Other Min15try and Support Staff PulpSt Supplles and Guest Speakers Total Oth•r Mlnistry and Support Staff 21,235 1,217 21,235 1,417 2,652 200 Totsl Mlnlstry •nd Support staff 200 Lll• and Work Worjhlp and F•llow•hlp Worshlp Resources & Copyrlght Llcense$ Soclal events Churth Envelopes other Totsl Wor•hlp and Fellowshlp 1,146 748 479 460 2,833 1,146 1,436 479 688 2,378 Dlsclpleshlp and Mlnlstry Chrlstlan Educatlon and Tralnlng Church Magazlnes and Llterature Other Total Dl/dpl•shlp and Mlnlstry 28 (15) 28 (15) Mlsslon and Outreach Chlldren's and Youth Mlnlstrles Local Mlssion and oUtlch Publlclty & web slte Church Events Other Total Ml••lon and Outreach 1,860 7,209 264 1,930 4,491 6,351 7,326 264 1,930 117 11,2 117 4,491 71 15, Total Ufe and Work 14,10 117 21,783 Governance Klrk Session/Commtttee tralnlng etc Independent Examlner/Audlt Fees other Professlonal Fees Adverts, Prlntlng, Stationery & Postage other Sundry Expenses Bank Interest and Charges Loan Interest Psbytery Fees Total Govarnancq 410 858 420 1,223 130 466 410 858 420 1,223 130 945 344 876 318 344 18 143 876 662 18 Page 21
Ballyhenry Presbyterian Church Detsiled Statsment of Flnancial Artivltles for the year ended 31 December 2024 RESOURCES EXPENDED ctd... Vnrestrl¢ted Nal R•strfctad Property Mhsion Organlsatlonl Total Property ond Equlpm•nt Utillti Elertrlclty, 011, Gas - Urch and Halls Rates and Ground Rent - Church & Halls Water Rates - Church and Halls Telephone & Intemet - Church and Halls Rates and Ground Rent - Manse Telephone & Internet- Manse Total Utiiitlas 13,517 40 629 354 908 471 15,919 13,517 40 629 354 908 471 R•p•lr• and malntenane• Repalrs etc - Church and Halls Repalrs etc - Manse Repalrn etc. Equlpment 145 4,671 1,643 3,219 4,816 1,643 3,219 Total Ropalr$ and Malntonance Insurnnce Totsl IMur4n¢•• Depr•clatlon Deprecjatlon - Church and Halls Depreclatlon - Manse Depreclatlon - equlpment Totsl D•prndatlon 1,535 5,356 24,049 1,535 5,3S6 Total Prop•rty nd Equlpment 40, Grants to Mlsglono and Charltl•• Unlted Appeal Totsl Unlted App•41 9.024 9,024 Other PCI heme• Board of Overseas Mlsslon Global Mlsslon (PCI) Presbyterlan Chlldrens Soclety Worfd Development Appeal Moderators, Appeals Presbyterfan Women Totsl Oth•r PCI Schamas 3,000 3,000 548 1,414 1,414 1,939 1,939 4,962 Other Mls•long and Charltles Blble Translatlon & Di5tr1b'n Agendes Tear Fund Earl Halg/RUCIUDR Other Agendes Grants to Indlvlduals Total Other Mlsilong & Charftl•# 7,900 7,686 113 12,292 3,824 1,81 7,900 7,686 113 13,366 4,124 33,189 124 950 300 1,250 124 Total Grants to Mlsslons and Charltles 124 45, oi 49.114 TOTAL RESOURces EXPENDED 133,311 41.135 45,936 11.089 231,471 Pago 22