Ballyclare Congregation of The Presbyterian Church in Ireland
Statement of financial activities
For the year ended 31 December 2022
Unrestricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Income from:
Donations and legacies
Charitable activities
Investments
178,470
496,774
2,896
675,244
2,896
256
205,579
2,796
305
2.171
256
Other income
Total income
178,726
499,670
678,396
210,851
Expenditure on:
Charitable adivities
152,000
105,519
257,519
257,615
Total expenditure
152.000
105,519
257.519
257.615
Net incomel(expenditurel before net
(losses}Igains on investments
Gains on investments
26,726
(18,855)
394,151
(26,446)
420,877
(45,301)
(46,764)
34,540
Net movement in funds
7.871
367,705
375.576
{12,224)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
643,788
7,¥371
65,072
367,705
708,859
375,576
721,083
(12,224)
Total funds carried forward
651,659
432,777
1,084.436
708,859
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 13 to 20 form part of these financial statements.
Page 10

Bally¢lare Congregation of The Presbyterian Church in Ireland
Balance Sheet
As at 31 December 2022
2022
2021
Note
Fixed assets
Investments
735,059
404,914
735,059
404,914
Current assets
Debtors
Cash at bank and in hand
10
37,681
313,696
37,396
267,800
351.377
305,196
Creditors= amounts falling due within one
year
11
(2,000)
{1,250}
Net Current assets
349.377
303,946
Total assets less current liabilities
1,084,436
708,860
Net assets excluding pension asset
1,084,436
708,860
Total net assets
1.084,436
708,860
Charity funds
Restricted funds
Unrestricted funds
445,798
638,638
65,072
643,788
Total funds
1,084,436
708,860
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Rev. Jonathan Moxen
Mr Niall Mcconkey
Date.. 19 September 2023
The notes on pages 13 to 20 form part of these financial statements.
Page11

Ballyclare Congregation of The Presbyterian Church in Ireland
Statement of Cash Flows
For the year ended 31 December 2022
2022
2021
Cash flows from operating activities
Net cash used in operating activities
445,896
(40,481)
Cash flows from investing activities
Purchase of investments
(400.000)
Net cash (used in)Iprovided by investing activities
(400,0001
Cash flows from financing activities
Net cash provided by financlng activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
45,896
{40.481)
308.281
267,800
Cash and cash equivalents at the end of the year
313,696
267,800
The notes on pages 13 to 20 fomi part of these financial statements
Page 12

Ballyclare Congregation of The Presbyterian Church in Ireland
Notes to the Financial Statements
For the year ended 31 December 2022
Accounting policles
1.1 Basls of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
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 (FRS 102) (effective 1 January 20151, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act (Northern Ireland) 2008.
Ballyclare Congregation of The Presbyterian Church in Ireland meets the definition of a public benefit
entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction
value unless otherwise stated in the relevant accounting policy.
1.2 Income
All income is recognised once the charity has entitlement to the income. it is probable that the income
will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them
(through knowledge of the existence of a valid will and the death of the benefactor) and the executor
is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of
a legacy must be recognised when it is probable that it will be received and the fair value of the
amount receivable. which will generally be the expected cash amount to be distributed to the charity,
can be reliably measured.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
other incomè is recognised in the period <n which it is receivable and to the extent the goods have
been provided or on completion of the servi￿.
1.3 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by adivity. The costs
of each activity are made up of the total of direct costs and shared costs, including sUPPOrt costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activty and support costs which are
not attributable to a single activity are apportioned be￿een those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further Ihe
charitls objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.4 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction c05t and subsequently measured at fair value at the Balance Sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Lossesl on
investments, in the Statement of Financial Activities.
Page 13

Ballyclare Congregation of The Presbyterian Church in Ireland
Notes to the Financial Statements
For the year ended 31 December 2022
Accounting policles {continued)
1.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
1.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the
amount it has re￿IVed as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
1.8 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measureo at their Qettlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
1.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the noles to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 14

Ballyclare Congregation of The Presbyterian Church in Ireland
Notes to the Financial Statements
For the year ended 31 December 2022
Income from donations and legacies
Unrestrlcted Restrlcted
funds
funds
2022
2022
Total
funds
2022
Total
funds
2021
Donatlons
Freewill Offering
Property account
Mission account
Special collections
Loose collections
Gift Aid
Mis¢. donations
Legacies
Bequests
Legacies
119,004
119.004
33,155
30,337
5,839
2,323
32,967
10.839
114,771
25,490
16,622
2,230
851
33,155
30,337
5.839
2.323
23,391
10,839
9,576
36,794
8.821
17,074
17,074
423,706
423,706
Subtotal detailed disclosure
178,470
496.774
675,244
205,579
Total 2022
178,470
496,774
675,244
205.579
Total 2021
154,856
50,723
205,579
Income from charitable activities
Restri¢ted
funds
2022
Total
funds
2022
Total
funds
2021
Solar Panels
2,896
2,896
2,796
Total 2021
2,796
2,796
Page 15

Ballyclare Congregation of T5ie Presbyterian Church in Ireland
Notes to the Financial Statements
For the year ended 31 December 2022
Investment Income
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Bank Interest
256
256
305
Total 2021
305
305
Other incoming resources
Restricted
funds
2022
Total
funds
2022
Total
funds
2021
CJRS Furlough receipts
2.171
Total 2021
2,171
2,171
Page 16

Ballyclare Congregation of The Presbyterian Church in Ireland
Notes to the Financial Statements
For the year ended 31 December 2022
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted Restricted
funds
funds
2022
2022
Total
2022
Total
2021
Minister
Deaconess
Assessments
Congregational running expenses
Donations to Missions and Charities
Miscellaneous
Investment charges
AudiUA¢countancy fees
Youth room and activities
50,195
10,354
24,022
20,176
21,272
14,951
6,174
2,370
2,486
50,195
10.354
24.022
80.032
48,555
14.951
24.554
2.370
2,486
49,101
16,322
24.465
55,898
77.338
15.327
6,323
1.560
11.281
59,856
27,283
18,380
152,000
105,519
257.519
257,615
Total 2021
194,285
63,330
257,615
14uditors' remuneration
The auditors, remuneration amounts to an auditor fee of £2,000 (Independent Examiner fee 2021
£1,250).
Page 17

Ballyclare Congregation of The Presbyterian Church in Ireland
Notes to the Financial Statements
For the year onded 31 December 2022
Staff costs
2022
2021
Wages and salaries
Social security costs
67,651
4,296
71,136
3,912
71,947
75,048
The average number of persons employed by the charity during the year was as follows..
2022
2021
No.
No employee received remuneration amounting to more than ¢60,000 in either year.
Fixed asset investments
Listed
investments
*OSt or Vliluation
At 1 January 2022
Additions
Revaluations
404,914
400,000
{69.855)
At 31 December 2022
735.059
Net book value
At 31 December 2022
735,059
At 31 De￿mber 2021
404,914
Page 18

Ballyc¥are Congregation of The Presbiiterian Church in Ireland
Notes to the Financial Statements
For the year ended 31 December 2022
10.
Debtors
2022
2021
Due within one year
Prepayments and accrued income
37,681
37,396
37,681
37,396
11. Creditors: Amounts falling due within one year
2022
2021
Accruals and deferred income
2,000
1,250
12. Summary of funds
Summary of funds - current year
Balance at
31
Gain￿ December
(Losses)
2022
Balance at 1
January
2022
Income Expenditure
De?oignated funds
General funds
Restricted funds
437,030
206,758
65,072
43t'.030
20 1,608
445.798
178,726
499,670
(165,255)
(92,498)
(18,621
(26,446)
708,860
678,396
{257,753)
{45,067) 1,084,436
Summary of funds - prlor year
Balance at
31
December
2021
Balance at
1 January
2021
Transfers
inlout
Gainsl
(Losses)
Income Expenditure
Designated
funds
General funds
Restricted funds
483,582
174.790
62.711
(46,552)
36.552
10,000
437.030
206.758
65.071
155.161
55,690
(194,285)
(63,330)
34,540
721,083
210,851
(257,615)
34,540
708,859
Page 19

Ballyclare Cosigregation of The Presbyterian Church in Ireland
Notes to the Financial Statements
For the year ended 31 December 2022
13. Reconciliation of net movement in funds to net Gash flow from operating activities
2022
2021
Net incomelexpenditure for the year (as per Statement of Financial
Activities)
375,576
(12,224)
Adjustments for:
Revaluation on investments
Increase in debtors
Increase in creditors
69,855
(2851
750
(28,217)
(40)
Net cash provided byl(used In) operating activities
445,896
{40.481)
14. Analysis of cash and cash equivalents
2022
2021
Cash iri ,iand
313,696
267.800
Total cash and cash equivalents
313,696
267,800
15. Aiia5iJsis of changes in net debt
At1
Januarv
2022 Cash flov
At31
December
2022
Cash at bank and in hand
267,800
45,896
313,696
267.800
45,896
313.696
16.
Related party transactions
There were no related party transactions during the year ended 31 December 2022.
Page 20