BALLYHOLME CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31 December 2023
Registered Charity in Northern Ireland (NIC105128)
BALLYHOLME CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY
Year ending 31 December 2023
| Year ending 31 December 2023 | ||
|---|---|---|
| Receipts Note Donations and Legacies 2 Charitable activities 3 Other trading activities 4 Investment income 5 Other 6 Gain on investments Gain on sale of fixed assets 9 Total Receipts Payments Raising funds 7 Charitable activities 8 Investment costs Other Loss on investments Loss on sale of fixed assets Total Payments Net receipts/(payments) Transfers between funds Net movement of funds Funds brought forward Funds carried forward |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 |
Total 2022 |
| 116,366 112,709 0 229,076 6,855 1,079 0 7,934 0 0 0 0 224 885 4,702 5,810 1,156 69,443 0 70,599 124,601 184,116 4,702 313,418 0 0 0 0 0 0 0 0 0 0 0 0 124,601 184,116 4,702 313,418 355 0 0 355 146,145 94,307 0 240,452 0 0 0 0 0 0 0 0 146,500 94,307 0 240,807 0 0 0 0 0 0 0 0 0 0 0 0 146,500 94,307 0 240,807 -21,899 89,809 4,702 72,611 10,590 -10,590 0 0 -11,309 79,219 4,702 72,611 135,739 134,020 96,889 366,648 124,430 213,239 101,590 439,259 |
158,625 1,344 0 -3,505 66,224 |
|
| 222,689 | ||
| 0 0 |
||
| 0 | ||
| 222,689 | ||
| 345 210,148 0 0 |
||
| 210,492 | ||
| 0 0 |
||
| 0 | ||
| 210,492 | ||
| 12,196 0 |
||
| 12,196 354,452 |
||
| 366,648 |
Registered Charity in Northern Ireland (NIC105128)
BALLYHOLME CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31 DECEMBER 2023
| Funds Reconciliation Funds at start of year Net movement in funds Funds at end of year Fixed Assets > Church premises > Fixtures, Fittings, Equipment > Vehicles Current Assets Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Organisations Cash in Hand Gift aid receivable Other debtors Prepayments Investments - Note 10 Creditors- amounts falling due within one year Loans Accruals Net Current Assets Total Assets less Current Liabilities Creditors- amounts falling due after one year Total Assets / (Liabilities) |
Unrestricted Funds 135,739 -11,309 |
Unrestricted Funds 135,739 -11,309 |
Restricted Funds 134,020 79,219 |
Restricted Funds 134,020 79,219 |
Endowment Funds 96,889 4,702 |
Endowment Funds 96,889 4,702 |
Endowment Funds 96,889 4,702 |
Total 2023 366,648 72,611 439,259 68,960 0 0 68,960 3,731 314,308 0 301 318,340 7,866 1,000 5,397 56,653 389,256 0 18,957 18,957 370,299 439,259 0 439,259 |
Total 2022 354,452 12,196 |
||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 124,430 | 213,239 | 101,590 | 366,648 | ||||||||
| 73,630 0 0 |
|||||||||||
| 73,630 | |||||||||||
| 3,551 248,898 0 221 |
|||||||||||
| 252,671 6,793 0 4,002 51,951 |
|||||||||||
| 315,417 | |||||||||||
| 0 22,399 |
|||||||||||
| 22,399 | |||||||||||
| 293,018 | |||||||||||
| 366,648 | |||||||||||
| 0 | |||||||||||
| 366,648 |
Approved by the Kirk Session at a meeting on 28 April 2024 and signed on it's behalf by: -
Rev Peter Lyle (Minister)
Joan Hunter (Clerk of Session)
Registered Charity in Northern Ireland (NIC105128)
BALLYHOLME CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. BASIS OF PREPARATION
As the total income of the congregation in 2023 was more than £250,000 the congregation had to prepare its accounts on an accruals basis, in line with the provisions in The Charities Accounts and Reports Regulations (Northern Ireland) 2015. The same basis has been restated in the comparative figures.
The accounts have been prepared in accordance with the Accounting and Reporting of Charities SORP in accordance with FRS102.
Income is included in the Statement of Financial Activities (SoFA) when the church becomes entitled to the resources and the monetary value can be measured with sufficient reliability. This includes claims made under Gift Aid.
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Tangible fixed assets are capitalised if they can be used for more than one year and the costs is deemed to be material. They are valued at cost. The property owned, comprising the Church premises and the Manse have been included net of calculated depreciation to date.
FUND ACCOUNTING
Endowment funds are funds the capital of which must be retained either premanently 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
| Recorded giving: Regular direct givings Loose collections Donations and gifts Gift aid Legacies and bequests |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 82,663 21,037 0 103,700 1,150 0 0 1,150 14,950 25,703 0 40,653 17,604 4,270 0 21,874 0 61,699 0 61,699 116,366 112,709 0 229,076 |
Total 2022 |
|---|---|---|
| 103,892 1,641 10,486 22,565 20,040 |
||
| 158,625 |
3. CHARITABLE ACTIVITIES
| 3. CHARITABLE ACTIVITIES | ||
|---|---|---|
| a) Income from charitable activities b) Fees from weddings and funerals c) Fundraising events d) Membership fees e) Grants |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 0 0 0 0 2,890 0 0 2,890 3,965 1,079 0 5,044 0 0 0 0 0 0 0 0 6,855 1,079 0 7,934 |
Total 2022 |
| 0 0 1,344 0 0 |
||
| 1,344 |
4. OTHER TRADING ACTIVITIES
| a) Letting of premises b) Trading income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 0 0 0 0 0 0 0 0 0 0 0 0 |
Total 2022 |
|---|---|---|
| 0 0 |
||
| 0 |
Registered Charity in Norhern Ireland (NIC105128)
5. INVESTMENT INCOME
| 5. INVESTMENT INCOME | ||
|---|---|---|
| a) Deposit interest b) General Investment Fund c) Rents investment properties d) Other investment income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 0 0 0 0 224 885 0 1,108 0 0 0 0 0 0 4,702 4,702 224 885 4,702 5,810 |
Total 2022 |
| 0 1,148 0 -4,653 |
||
| -3,505 |
d) Other investment income represents the gain or loss on the current value of the General Investment Fund.
6. OTHER INCOME
| 6. OTHER INCOME | ||
|---|---|---|
| a) Insurance claims b) Other income c) Organisation income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 0 1,375 0 1,375 1,156 65 0 1,221 0 68,003 0 68,003 1,156 69,443 0 70,599 |
Total 2022 |
| 0 1,194 65,030 |
||
| 66,224 |
7. RAISING FUNDS
| 7. RAISING FUNDS | ||
|---|---|---|
| a) FWO envelopes b) Fundraising events |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 355 0 0 355 0 0 0 0 355 0 0 355 |
Total 2022 |
| 345 0 |
||
| 345 |
8. CHARITABLE ACTIVITIES
| 8. CHARITABLE ACTIVITIES | ||
|---|---|---|
| a) General Assembly Assessments b) Presbytery Fees c) Ministry and support staff costs d) Congregational running expenses e) Donations to Missions and charities f) Governance costs g) Organisations |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 12,689 0 0 12,689 1,021 0 0 1,021 78,785 54 0 78,840 49,742 17,690 0 67,432 1,422 15,031 0 16,453 2,486 597 0 3,082 0 60,935 0 60,935 146,145 94,307 0 240,452 |
Total 2022 |
| 9,016 923 78,303 41,186 23,887 3,123 53,710 |
||
| 210,148 |
Registered Charity in Norhern Ireland (NIC105128)
9. FIXED ASSETS
The congregation owns the Church premises situated at Ashley Drive, Bangor, BT20 5RD. These have an insurance value of; Church Buildings and Contents £ 3.317M .
The Church manse at 3 Second Avenue, Baylands, Bangor BT20 5JZ has an insurance value of £351K.
| Cost or Valuation At the start of year Additions Revaluations Disposals Transfers At the end of year Depreciation At the start of year Charged Impairment Disposals Transfers At the end of year Net Book Value At the start of year At the end of year |
Land & Buildings Fixtures & fittings Vehicles 272,500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 272,500 0 0 198,870 0 0 4,670 0 0 0 0 0 0 0 0 0 0 0 203,540 0 0 73,630 0 0 68,960 0 0 |
Total 2023 272,500 0 0 0 0 272,500 198,870 4,670 0 0 0 203,540 73,630 68,960 |
Total 2022 |
|---|---|---|---|
| 272,500 0 0 0 0 |
|||
| 272,500 | |||
| 194,200 4,670 0 0 0 |
|||
| 198,870 | |||
| 78,300 | |||
| 73,630 |
10. INVESTMENTS
| 10. INVESTMENTS | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||
| Funds | Funds | Funds | Total 2023 | Total 2022 | ||
| General Investment Fund | 0 | 0 | 56,653 | 56,653 | 51,951 | |
| Property | 0 | 0 | 0 | 0 | 0 | |
| Other investments | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 56,653 | 56,653 | 51,951 | ||
| 11. OTHER DISCLOSURES | ||||||
| Fees for examination of the accounts | ||||||
| Independent examiner's fees | £540 | £100 | ||||
| Staff costs | ||||||
| No employee is paid more than £60,000 |
Registered Charity in Norhern Ireland (NIC105128)
12. FUND BALANCES
| Fund Unrestricted Funds General Fund Investment Fund Total Restricted Funds Property Fund 7th Bangor BB Freezer Ministry Holiday Bible Club Moderator Appeal Specific Donations Sunday School Support Fund United Appeal World Development Appeal Bowling Club Flower Guild Making Mornings New Horizons Parents & toddlers Pre-school Group Presbyterian Women Thursday Club Youth Council Youth Group Total Restricted Funds Endowment funds Endowment investments Total Endowment Funds Total |
Balance at start Receipts Payments Surplus / (Deficit) 95,106 124,601 146,500 -21,899 40,633 135,739 124,601 146,500 -21,899 79,978 74,727 15,933 58,795 808 1 403 -402 323 0 0 0 157 147 157 -9 0 1,518 1,518 0 4,814 27,388 3,290 24,098 2,179 30 352 -322 3,694 180 0 180 0 11,024 11,024 0 0 1,099 1,099 0 54 180 2 178 332 1,135 891 244 21 1,423 721 702 43 608 309 300 377 1,469 987 483 39,549 56,469 54,250 2,219 91 0 0 0 87 195 54 141 1,513 3,029 200 2,829 0 3,493 3,119 374 134,020 184,117 94,307 89,810 96,889 4,702 0 4,702 230,909 188,819 94,307 94,511 0 0 0 0 366,648 313,419 240,807 72,612 |
Transfer 10,590 10,590 0 0 0 0 0 275 0 0 0 0 -150 25 -690 -100 -450 -6,750 0 -150 -2,600 0 |
Balance at end |
|---|---|---|---|
| 83,797 40,633 |
|||
| 124,430 | |||
| 138,772 407 323 148 0 29,187 1,857 3,874 0 0 82 601 32 243 410 35,018 91 78 1,742 374 |
|||
| -10,590 0 -10,590 0 |
213,240 101,590 |
||
| 314,831 | |||
| 0 | |||
| 439,260 |
Registered Charity in Norhern Ireland (NIC105128)