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SECOND BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022
| Note | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | 90,120 | 28,021 | - | 11,8141 | 101,263 |
| Charitable activities | 3 | 14,365 | - | 14,365 | 6,502 | |
| Other trading activities | 4 | 1,163 | - | 1,163 | 170 | |
| Investment Income | 5 | 450 | 14 | 963 | 1,427 | 1,357 |
| Other | 6 | 480 | 7,949 | - | 8,429 | 3,083 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Sale of Investments | - | - | - | - | - | |
| Sale of fixed assets | - | - | - | - | - | |
| Loans Received | - | - | - | - | - | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 91,050 | 51,512 | 963 | 143,526 | 112,375 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Payments | ||||||
| Raising funds | 7 | 795 | 225 | - | 1,020 | 756 |
| Charitable activities | 8 | 81,187 | 36,063 | - | 117,250 | 103,845 |
| Investment costs | - | - | - | |||
| Other | 9 | 330 | 8,352 | - | 8,682 | 11,315 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Purchase of Investments | - | - | - | - | - | |
| Purchase of fixed assets | - | - | - | - | - | |
| Loan Repayments | - | - | - | - | - | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Payments | 82,312 | 44,640 | - | 126,952 | 115,915 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net receipts / (payments) | 8,738 | 6,872 | 963 | 16,573 | (3,540) | |
| Transfers between funds | (3,016) | 3,016 | - | - | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | 5,723 | 9,887 | 963 | 16,573 | (3,540) | |
| Funds brought forward | 12,821 | 73,160 | 27,872 | 113,853 | 117,393 | |
| ---------- | --------- | ---------- | ---------- | ---------- | ||
| Funds carried forward | 12 | 18,543 | 83,047 | 28,835 | 130,426 | 113,853 |
| ====== | ====== | ====== | ====== | ====== |
1
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SECOND BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2022
| s at 31 December 2022 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Funds Reconciliation | |||||
| Bank & Cash etc. at start of year | 12,821 | 73,160 | 27,872 | 113,853 | 117,393 |
| Net movement in funds | 5,723 | 9,887 | 963 | 16,573 | (3,540) |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Bank & Cash etc. at end of year | 18,543 | 83,047 | 28,835 | 13,0426 | 113,853 |
| ======= | ======= | ======= | ======= | ======= | |
| Bank & Cash Balances | |||||
| Bank Deposit Accounts | |||||
| Bank Current Account (Unrestricted) | 20,065 | 14,377 | |||
| Bank Current Account (Restricted) | 34,542 | 24,404 | |||
| Cash in Hand (Restricted) | 174 | 25 | |||
| ---------- | ---------- | ||||
| 54,781 | 38,806 | ||||
| ======= | ======= | ||||
| Other Assets | |||||
| Fixed Assets – Note 10 | |||||
| - Land (Restricted) | 10,000 | 1,000 | |||
| - Buildings (Restricted) | 44,214 | 45,328 | |||
| Investments – Note 11 (Endowment) | 28,835 | 27,873 | |||
| Gift Aid receivable on donations | |||||
| ---------- | ---------- | ||||
| 83,049 | 83,201 | ||||
| ======= | ======= | ||||
| Liabilities | |||||
| Loans (Restricted) | 5,000 | 7,588 | |||
| Creditors (Unrestricted) | 1,522 | 566 | |||
| Creditors (Restricted) | 882 | ||||
| Other | |||||
| ---------- | ---------- | ||||
| 7,404 | 8,154 | ||||
| ======= | ======= |
Approved by the Kirk Session at a meeting on 2023 and signed on its behalf by
The Revd C M Glover, 7 May 2023
Dr R M McMillen, 7 May 2023
2
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SECOND BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS 31 December 2022
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or at the congregation’s discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.
Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.
Unrestricted funds are income funds which are to be spent on the congregation’s general purposes. Designated funds are general funds set aside by the congregation for use in the future.
2. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Recorded giving: | 64,547 | 3,756 | - | 68,302 | 65,487 |
| Loose collections | 1,716 | 63 | - | 1,779 | 755 |
| Donations and gifts | 8,830 | 18,950 | - | 27,780 | 16,950 |
| Gift Aid | 15,027 | 5,252 | - | 20,280 | 18,071 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 90,120 | 28,021 | - | 118,141 | 101,263 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
3
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SECOND BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS 31 December 2022
3. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Income from charitable activities | - | 10,186 | - | 10,186 | 6,209 |
| Fundraising events | - | - | - | 0 | 0 |
| Membership fees | - | 4,179 | - | 4,179 | 293 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| - | 14,365 | - | 14,365 | 6,502 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 4. OTHER TRADING ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Letting of premises | - | 1,163 | - | 1,163 | 170 |
| Trading income | - | - | - | - | - |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| - | 1,163 | - | 1,163 | 170 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 5. INVESTMENT INCOME | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 136 | - | - | 136 | 109 |
| Other investment income | 314 | 14 | - | 328 | 1,248 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 450 | 14 | - | 464 | 1,357 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
4
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SECOND BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
6. OTHER INCOME
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Insurance Claims | - | 410 | - | 410 | 0 |
| Organisations | - | 7,524 | - | 7,524 | 2,941 |
| Other income | 480 | 15 | - | 495 | 142 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 480 | 7,949 | - | 8,429 | 3,083 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 7. RAISING FUNDS |
|||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| FWO envelopes | 795 | - | - | 795 | 756 |
| Fundraising events | - | 225 | - | 225 | 0 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 795 | 225 | - | 1,020 | 756 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 8. CHARITABLE ACTIVITIES |
|||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| General Assembly Assessments | 22,183 | - | - | 22,183 | 23,717 |
| Presbytery fees | 1,451 | - | - | 1,451 | 1,453 |
| Ministry and support staff costs | 52,349 | - | - | 52,349 | 50,523 |
| Congregational running expenses | 2,021 | 5,804 | - | 7,826 | 5,673 |
| Donations to Missions and charities |
160 | 13,742 | - | 13,902 | 10,285 |
| Governance costs | 3,023 | 16,517 | - | 19,540 | 12,195 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 81,187 | 36,063 | - | 117,250 | 103,845 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
5
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SECOND BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
9. OTHER EXPENDITURE
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Organisations | - | 8,352 | - | 8,352 | 2,582 |
| Other | 330 | - | - | 330 | 876 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 330 | 8,352 | - | 8,682 | 3,458 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
10. FIXED ASSETS
The congregation owns the Church premises and Manse situated at 19 and 8 respectively Trenchill Road, Ballyeaston, Ballyclare, BT39 9SJ and the associated fixtures, fittings, plant and machinery. These have an insurance value of £2,634,360. Buildings are depreciated at a rate of 2% p.a.
| Cost At beginning of the year Additions Disposals At end of the year Depreciation At beginning of the year Depreciation Disposals At end of the year Net book value at beginning of the year Net book value at end of the year |
Land 10,000 - - 10,000 - - - - 10,000 10,000 |
Buildings £ 55,730 - - 55,730 10,402) (1,115) - (11,517) 45,329 44,214 |
Total £ 65,730 - - |
|---|---|---|---|
| 65,730 | |||
| 10,402) (1,115) - |
|||
| (11,517) | |||
| 55,329 | |||
| 54,214 |
6
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SECOND BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| General Investment Fund | ||
| Property | ||
| Other investments | 28,835 | 27,873 |
| ---------- | ---------- | |
| 28,835 | 27,873 | |
| ---------- | ---------- |
7
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SECOND BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2022
12. FUND BALANCES
| Fund | Balance at | Receipts | Payment | Surplus / | Transfer | Balance at |
|---|---|---|---|---|---|---|
| start | (Deficit) | end | ||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| General | 12,821 | 91,050 | 82,312 | 5,723 | (3,016) | 18,543 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 12,821 | 91,050 | 82,312 | 5,723 | (3,016) | 18,543 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted Funds | ||||||
| Development | 54,139 | 15,150 | 12,197 | 1,921 | -1,032 | 56,060 |
| Halls Development | - | - | 1,032 | - | 1,032 | - |
| Organ Repair | - | 2,100 | 2,100 | - | - | - |
| Praise Band | 7,660 | 1,000 | 5,342 | (4,342) | - | 3,318 |
| Roof Repair | - | 4,150 | - | 4,150 | - | 4,150 |
| Music Ministry | - | 11,256 | 2,060 | 9,196 | - | 9,196 |
| NI Childrens Hospice | - | 530 | 530 | - | - | - |
| United Appeal | - | 4,771 | 7,787 | - | 3,016 | - |
| Moderators Appeal | - | 2,233 | 2,233 | - | - | - |
| Corrymeela | - | 360 | 360 | - | - | - |
| Christian Aid | - | 1,000 | 1,000 | - | - | - |
| The Trussell Trust | - | 510 | 510 | - | - | - |
| World Development Appeal | - | 853 | 853 | - | - | - |
| Bequests | 2,188 | - | 0 | - | - | 2,188 |
| Memorial | 5,390 | - | 0 | - | - | 5,390 |
| Sunday School | 1,657 | 77 | 285 | (208) | - | 1,449 |
| Choir | 203 | - | - | - | 203 | |
| Boys Brigade | 1,351 | 4,095 | 4,897 | (802) | - | 549 |
| Junior Youth Club | 149 | - | 15 | (15) | - | 134 |
| Mums and Tots | 24 | 888 | 905 | (16) | - | 7 |
| PW | 144 | 2,165 | 2,158 | 6 | - | 150 |
| Indoor Bowling Club | 253 | 375 | 376 | (1) | - | 252 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 73,160 | 51,512 | 44,640 | 9,887 | 3,016 | 83,047 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Endowment Funds | ||||||
| John Gault Sunday School Beq. | 16,510 | 12 | 12 | 16,523 | ||
| Jane Boyd Bequest | 6,362 | 951 | 951 | 7,313 | ||
| Miscellaneous Bequests | 5,000 | 5,000 | ||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 27,872 | 963 | 0 | 963 | 0 | 28,835 | |
| ---------- | ----------- | ----------- | ----------- | ----------- | ---------- | |
| Total | 113,853 | 144,528 | 126,952 | 17,576 | 0 | 130,426 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |
8
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