Ballygrainey Presbyterian Church Statement of Financial Activities for the Year Ended 31 December 2023 Totsl 2023 Unrestricted Restricted Note Income and Endowments from: Donations and Icgacies Other trading activities 117,031 4.537 54.456 4.910 171,487 9,447 Total tncome 121.568 59.366 180.934 Expenditure on." Raising funds 112.311} (98,562) (210,873) Total Expenditure (112.311 98,562} (210,873 Net movement in fidS 9257 {39,196) (29.939) Reconciliation of ndS Total funds brought forward Total funds caTried forward 245.231 593.801 839,OJ2 13 254,488 554.605 Restricted fund5 809,093 Total 2022 Unrestricted funds Note Income *Dd Endowments from: Donations and leg¥ies Other trading activities 124.378 878 64,465 6,804 188,843 7.682 TotaI income 125.256 71,269 196.525 Eipenditure on: Raising funds Charilable activities (71.756) (660) (99.198) (170,954) (660) Total expenditure (72.416) (99,198} (171,614) Net inwmel(expenditure) Net movement in funds 52,840 {27,929) 24,911 52,840 (27.929) 24.911 Reconciliation of funds Total funds brought forward Total funds ¢aTried forward 192.391 621.730 814.121 13 245.231 593.801 839,032 All of the charity's activities derive from continuing operations during the alKiv¢ two periods. The funds breakdo for 2022 is showll in note 13. The not¢5 on pages 8 to 18 fom) an integral part of these financial statsments. Page 6
Baltygrainey PbYterMa Chureh (Registrntion number: 105138) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets io 616,440 662.696 Current assets Cash at bank and in hand 203.275 182,898 Creditors: Amounts falling due within One year Net current assets 12 {10,622) {6.562 192,653 176,336 Net assets 809,093 839.032 Funds of the eharity.. Restrieted income funds Restrirted funds 554.605 593.801 Unrestricted income funds Unrestricted funds 254,488 245,231 Total fund$ 13 809,093 839.032 The financial statements on pages 6 to 18 were approved by the trustees, and authorised for issue on 21 May 024 and signed on their behalf by: Mr Peter Other officer The notes on pages 8 to 18 forn] an integral part of these financial slatements. Page 7
Ballygrainey Presbyterian Church Notes to the Financial Statements for the Year Ended 31 December 2023 l Accounting policies Statement of complianee The financial statements have been prepared in accordan¢e with Accounting and Reporting by Charities: Siatement of Recommended Practi¢¢ applicable to charities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlve l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act (Northern Ireland) 2008. Basis of preparation Ballygrainey Presbyterian Church meets the deftnition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with item5 recognised at cost or transadion value unle55 otherwise stated in the relevant note(s) to these accounts. Going concern The tThstees consider that there a no material uncertaiDties about the charitys ability to continue as a going concern. Ineome and Èndowrnents Voluntary incotne including donations. gitis. legacies and grants that provide core fimding or are of a gencraI nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Eipenditure All expenditure is recognised once there is a legal or constructive obligation to tbat expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basis of time spenL and depreciation charges allocated on the portion of the asset's use. Other supw)rt costs are allocated based on the spread of staff costs. Raisingfun(Ls These are costs incurred in attracting voluntary income, the rnanagement of investments and those in¢uned in trading activities that raise fimds. Support costs Support costs include central functions and have been allocated to activity cost c*egories on a basis wnsistsnt with the use of resources. for exampl¢, allocating property costs by floor arw. or per capit4 staff wsts by the time spent and other costs by their usage. Page g
Baltygrainey Presbyterian Church Notes to the Finallcial Ststements for the Year Ended 31 December 2023 (continued) Coverngnee costs These Include the costs attributable to the Charity's compliance with Constitutional and statutory requirements, including audit, strategic management and trustees meetings and reitnbursed expenses. Taxation The charity is considered to pass the tests s¢t out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax PUTposes. Accordingly, the charity is w)tentially exempt from taxation in respect of income or capital gain5 received within categories covered by Chapter 3 Part i i of the Corporation Tax Act 2010 or Section 256 of the TatIon of Chargeable Gains Act 1992. to the extent that such Income or gains are applied exclusively to charitsble purposes. Tangible fixcd assets Individual fixed assets costing £500.00 or more are initiaIly recorded at cosL less any subsequent accumulated d¢preciation and subsequent accumulated impairment losses. Depr¢¢iation and xmortisation Depreciation is provided on tangible fixed assets so &8 to write off the wst or Valuatio les5 any estimated residual value, over their expected usefid ewnomic life as follows: Asset ¢lass Freehold land and buildings Furniture and equipment Depreciation method #nd rate 5Q/o Straight line 20Yo Strnight line Cgsh and cash equivaltnts Cash and equivalents comprise cash OD hand and call deposits, and other short-tsrm highly liquid invegtments that are readily convertible to a known amount of wh and are subject to an insignificant risk of change in value. Borrowings Interest-bearing borrowings are Initially recorded at fair value. net of transaction costs. Interest-bearing borrowing5 are subsequently Carried at amorti5ed cos¢ with the difference between the proceeds. net of transaction cost&, and the amount due on redemption being recognised a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest exp¢nse is recognis¢d on the basis of the effective int¢rest method and is included in interest payable and similar charges. Borrowings Classified curr¢nt liabilities unless the charity h&g an unconditional right to d¢fer settlement of the liability for ai twelve months after th¢ reporting date. Fund struclure Unrestricted income funds are general fijnds that are available for us¢ at the tntstees discretion in furtherance of the objectives of the charity. Restricted incorne funds are those donated for $¢ in a particular area OT for specific PUTposes, the use of which is restrithd to that area OT purpose. Page 9
Ballygrainey Presbyterian Church Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 2 Income from donations and legacies Unrestricted funds General Restricted funds Total nds Donations and legacies" Donations from individuals Gift aid reclaimcd Regular giving and capital donations 555 13,662 23.345 17.449 14.217 41,730 115,540 18,385 98,091 Total for 2023 117.031 54,456 171,487 Total for 2022 124.378 64.465 188,843 Unrestrirted nds General Restricted funds Total 2022 Donations and legacies. Donations from individuals Gift aid reclaimed R¢gular giving and capitsj donations 697 23.897 99.784 8,944 28.447 27,074 9,641 52,344 126,858 124,378 64.465 188,843 3 Income from other trgding activities Unrestri¢ted funds General Restricted funds Total funds Events in¢ome; Other events income 4,537 4,910 9,447 Total for 2023 4.537 4,910 9.447 Total for 2022 878 6,804 7,682 Page 10
Ballygrainey Presbyterian Church Notes to the Fillancial Statements for the Year Ended 31 December 2023 (continued) 4 Expenditure on rAiging thnds ) Costs of tr8ding activities Uure5tricted fund5 Genergl Restricted funds Total funds Note Costs of gor)ds sold Allocated support costs Total for 2023 27,837 26.203 32.991 49,656 60,828 75,859 54,040 82.647 136.687 Total for 2022 50,773 89.716 140,489 Unrestricted runds General Re5trieted funds Total 2022 Note Costs of goods sold Allocated support costs 24,537 26236 40,230 49.486 64,767 75.722 50,773 89.716 140,489 Pagell
BaIlygrainey PbyteriaD Church Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) 5 Analysis of governanee and support costs Raising funds expenditure Costs of trading 2Ctivities Unmtricted funds Gener41 Restricted fubd5 Totsl 2023 Basis of allotion Central ministy fund Ministets pension fund Widows of rninisters fund Incidental fimd Prolonged disability fund Ministerial development fund Sick supply fund Church house r¢pairs fvnd Presbyt¢ry fees E*lpit supply Worship resources Magazines and literature Child and youth ministy Other United appeal Presbyterian women Moderators appeal Students World development appeal T¢ar fund Earl Haig Other agencies Grants to individuals Mts 3,733 7,688 763 3,932 763 339 34 1.696 160 1,893 952 3,733 7.688 763 3,932 763 339 34 1,696 160 1.893 952 1.091 2,180 1,904 10,500 529 200 909 2,351 250 1.091 2.180 1.904 10.500 529 200 909 2.351 250 461 6,878 9,542 461 6,878 9.542 669 669 Orphans & Children of Minister5 Bank I,)71 1.371 40 Total for 2023 27.837 32.991 60,828 Totgl for 2022 24.537 64,767 Page 12
Ballygrainey Presbyterian Chureh Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) Unrestricted funds General Restri¢ted funds Total 2022 B*sis of allocation Central ministy fid Widows of ministers fimd Incidental fund Prolonged disability fund Ministerial developm¢nt fund Sick supply fund Church house repairs fimd Pulpil supply Worship resources Magazines and literatu Child and youth ministy Other United appeal Presby¢¢rian wotn¢n Presbyterian orphan and child Moderators appeal World development appeal Earl Haig Other agencies Grants to individuals 3.208 668 3,241 534 307 3,208 668 3,241 534 307 40 1,337 11.608 1,619 613 204 1,158 9,010 61 1.362 6,573 1,420 440 7,124 14,240 .337 11.608 1,619 613 204 1.158 9.010 61 1,362 6.573 1.420 7.124 14,240 24,537 40.230 64,767 Page 13
Ballygrainey Presbyterian Church Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) Other costs for generating fun&8 Unre5trieted funds General Restricted funds Total funds Basis of alloeation Staff & mlnister costs Water rntes for Church and halls Electricity and oil for Church and halls Telephon¢ for Church and halls Insurance Repairs etc to Cburch and halls Advertising. postage and stationery Volunteer expenses Total for 2023 42.690 42,690 iio 5.180 628 2.653 2,512 2.421 1,357 5,180 628 2.653 18,427 2.421 1.357 15.915 57.551 15,915 Total for 2022 20.983 9,482 30,465 Unrestrirted funds General Re5trieted funds Total 2022 Basis of all(ation Staff & minister costs Water rates for Church and hails Electricity and oil for Church and halls Telephone for Chur¢h and halls Insurance Repairs etc to Church and halls Advertising. postsge and ststionery Other professional fees Volunteer expenses 2,505 200 2,505 200 10,314 724 2.872 1,160 1.418 520 1,270 10,314 724 2,872 10,642 1,418 520 1,270 9.482 20.983 9,482 30.465 Page 14
Baltygrainey Presbyterian Church Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Other resources expended Unrestrirted funds General Restricted funds Totsl 2023 Basi$ of allocation Other ministry support staff Depreciation Rates and ground rent for Manse 25.108 25,108 49.656 1.095 49,656 1.095 26.203 49.656 75.859 Unreslricted funds General Restricted funds Totsl 2022 Basis of allocation Other ministy support staff Depreciation Rates and ground rent for Manse 24,076 1.127 1,033 24,076 50.613 1,033 49,486 26.236 49,486 75,722 Unrestricted funds General Totsl funds Independent examiner fees Examination of the financial statements 720 720 Total for 2023 720 720 Total for 2022 660 660 Page 15
Baltygrainey Presbyterian Church Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (Continued) 6 Trustees remuneration and expellses No trust¢es, nor any persons connected with them. have received any remuneration from the charity during the year. No trustees have received any rcimbursd expense5 or any other benefits from the charity during the year. 7 Staff costs The aggregate payroll costs were as follows: 2023 2022 Stgff costs during the year were: Wages and salaries Social security costs Other staff costs 39,190 3.500 2,074 16 415 42.690 2,505 No employee received etnoluments of mor¢ than £60.000 during the year 8 Independent examiner's remunerAtioD 2023 2022 Examination of the financtal statements 720 660 Page 16
Ballygrainey Presbyterian Church Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 9 Taxation The charity is a registered charity and is therefore exempt from taxation. 10 Tangible fixed assets Lgnd and buildings Furniture ind equipment Total Cost At l January 2023 Additions 989,730 3,400 22,826 1,012,556 3.400 At 31 December 2023 993.130 22,826 ,015,956 Depreciation At l January 2023 Charge for the year At 31 December 2023 327.034 49,656 22.826 349,860 49,656 376,690 22,826 399.516 Net book v41ue At 31 December 2023 616.440 616,440 At 31 December 2022 662.696 662,696 I I Cash and elsh equivilents 2023 2022 Cash at bank 203,275 182.898 Bank overdrafts 10.622) 6,562 Cash and cash equivalents in statement of cash flows 192,653 176.336 12 Creditor5: amounts f*lling due wtthln one year 2023 2022 Bank overdrdfts 10,622 6.562 Page 17
Baltygrainey Presbyterian Church Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 13 Funds Balance at 31 D¢tember 2023 Balante At I Janu8ry 2023 IDcoming resourees Resourceg expended Unre$trieted funds General 245231 121.568 (112,311) 254,488 Restricted funds 593.801 59.366 (98.562) 554.605 Total fund8 839.032 180.934 210.873) 809.093 Bal4Dce 8t 31 D¢¢ember 2022 Bal4n¢¢ at I January 2022 Incoming resourtes Rtsoureeg expended Unrestrlded General {192.391) (621.730) {125.256) 72.416 (245,231) 593,801) Restricted (71,269) 99,198 Total funds (814.121 (196.525 171,614 839,032 14 Analysis of net ss¢ts between funds Unrestrieted funds G¢nerg1 Total funds at 31 December 2023 Restricted funds Tangible fixed assets Currtt &8sets Current liabilities 616.440 36,482 616.440 203,275 (10.622) 166.793 10.622) Total net asscts 156,171 652,922 809,093 Unrestricted funds G¢nerl Total funds It 31 De¢¢mb¢r 2022 Restrieted funds Tangible fixed assets Current assets ceTht liabilities 64.564 146,642 6,562) 598.132 36,256 662.696 182,898 (6,562 Totsl net assets 204,644 634,388 839.032 Page 18