BALLYHOLME CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31 December 2024
Registered Charity in Northern Ireland (NIC105128)
BALLYHOLME CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY
Year ending 31 December 2024
| Year ending 31 December 2024 | ||
|---|---|---|
| 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 2024 |
Total 2023 |
| 103,756 39,413 0 143,169 6,080 655 0 6,735 0 0 0 0 323 1,107 2,679 4,109 4,099 71,463 0 75,562 114,258 112,638 2,679 229,575 0 0 0 0 0 0 0 0 0 0 0 0 114,258 112,638 2,679 229,575 389 0 0 389 151,543 107,704 0 259,247 0 0 0 0 0 0 0 0 151,931 107,704 0 259,636 0 0 0 0 0 0 0 0 0 0 0 0 151,931 107,704 0 259,636 -37,673 4,934 2,679 -30,061 30,860 -30,860 0 -0 -6,814 -25,926 2,679 -30,061 124,430 213,240 101,590 439,259 117,616 187,315 104,269 409,198 |
229,076 7,934 0 5,810 70,599 |
|
| 313,418 | ||
| 0 0 |
||
| 0 | ||
| 313,418 | ||
| 355 240,452 0 0 |
||
| 240,807 | ||
| 0 0 |
||
| 0 | ||
| 240,807 | ||
| 72,611 0 |
||
| 72,611 366,648 |
||
| 439,259 |
Registered Charity in Northern Ireland (NIC105128)
BALLYHOLME CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31 DECEMBER 2024
| 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 124,430 -6,814 |
Unrestricted Funds 124,430 -6,814 |
Restricted Funds 213,240 -25,926 |
Restricted Funds 213,240 -25,926 |
Endowment Funds 101,590 2,679 |
Endowment Funds 101,590 2,679 |
Endowment Funds 101,590 2,679 |
Total 2024 439,259 -30,061 409,198 64,290 0 0 64,290 3,983 285,215 0 387 289,584 7,509 0 5,690 59,331 362,114 0 17,206 17,206 344,908 409,198 0 409,198 |
Total 2023 366,648 72,611 |
||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 117,616 | 187,315 | 104,269 | 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 |
Approved by the Kirk Session at a meeting on 30 March 2025 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 2024
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 used in the current year.
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 2024 72,141 29,077 0 101,218.40 2,014 0 0 2,013.60 12,738 4,727 0 17,465.14 16,863 4,109 0 20,971.87 0 1,500 0 1,500.00 103,756 39,413 0 143,169.01 |
Total 2023 |
|---|---|---|
| 103,700 1,150 40,653 21,874 61,699 |
||
| 229,076 |
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 2024 0 0 0 0 140 0 0 140 5,940 655 0 6,595 0 0 0 0 0 0 0 0 6,080 655 0 6,735 |
Total 2023 |
| 0 2,890 5,044 0 0 |
||
| 7,934 |
4. OTHER TRADING ACTIVITIES
| a) Letting of premises b) Trading income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 0 0 0 0 0 0 0 0 0 0 0 0 |
Total 2023 |
|---|---|---|
| 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 2024 0 0 0 0 323 1,107 0 1,430 0 0 0 0 0 0 2,679 2,679 323 1,107 2,679 4,109 |
Total 2023 |
| 0 1,108 0 4,702 |
||
| 5,810 |
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 2024 0 0 0 0 4,099 450 0 4,549 0 71,013 0 71,013 4,099 71,463 0 75,562 |
Total 2023 |
| 1,375 1,221 68,003 |
||
| 70,599 |
7. RAISING FUNDS
| a) FWO envelopes b) Fundraising events 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 2024 389 0 0 389 0 0 0 0 389 0 0 389 Unrestricted Funds Restricted Funds Endowment Funds Total 2024 9,530 0 0 9,530 1,072 0 0 1,072 85,706 69 0 85,775 51,013 35,923 0 86,935 1,305 13,100 0 14,405 2,918 100 0 3,018 0 58,513 0 58,513 151,543 107,704 0 259,247 |
Total 2023 |
|---|---|---|
| 355 0 |
||
| 355 | ||
| Total 2023 | ||
| 12,689 1,021 78,840 67,432 16,453 3,082 60,935 |
||
| 240,452 |
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 0 203,540 0 0 4,670 0 0 0 0 0 0 0 0 0 0 0 208,210 0 0 68,960 0 0 64,290 0 0 |
Total 2024 272,500 0 0 0 0 272,500 203,540 4,670 0 0 0 208,210 68,960 64,290 |
Total 2023 |
|---|---|---|---|
| 272,500 0 0 0 0 |
|||
| 272,500 | |||
| 198,870 4,670 0 0 0 |
|||
| 203,540 | |||
| 73,630 | |||
| 68,960 |
10. INVESTMENTS
| 10. INVESTMENTS | ||
|---|---|---|
| General Investment Fund Property Other investments |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 0 0 59,331 59,331 0 0 0 0 0 0 0 0 0 0 59,331 59,331 |
Total 2023 |
| 56,653 0 0 |
||
| 56,653 |
11. OTHER DISCLOSURES
Fees for examination of the accounts Independent examiner's fees £540 £540 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 Youth Donations 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) 83,797 114,258 151,931 -37,673 40,633 124,430 114,258 151,931 -37,673 138,772 14,870 33,848 -18,978 407 0 0 0 323 0 323 -323 148 276 282 -5 0 0 0 0 29,187 1,611 2,613 -1,002 1,857 30 30 1 3,874 252 0 252 0 10,588 10,588 0 0 1,508 1,508 0 0 12,490 0 12,490 82 120 0 120 601 1,015 918 97 32 1,823 1,006 818 243 610 295 315 410 1,316 1,196 119 35,018 61,685 51,286 10,399 91 0 0 0 78 180 29 151 1,742 2,038 200 1,838 374 2,226 3,582 -1,357 213,240 112,637.51 107,704 4,933 101,590 2,679 0 2,679 314,831 115,316 107,704 7,612 0 0 0 0 439,260 229,574 259,636 -30,061 |
Transfer 30,860 30,860 0 -407 0 0 0 -11,135 0 -143 0 0 -12,490 -170 -130 -792 -150 -200 -5,450 0 -150 -1,800 2,157 |
Balance at end |
|---|---|---|---|
| 76,983 40,633 |
|||
| 117,616 | |||
| 119,794 0 0 143 0 17,050 1,858 3,983 0 0 0 32 568 58 409 329 39,967 91 80 1,779 1,174 |
|||
| -30,860 0 -30,860 0 |
187,314 104,269 |
||
| 291,583 | |||
| 0 | |||
| 409,199 |
Registered Charity in Norhern Ireland (NIC105128)