# **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)