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 fi￿dS
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 P￿bYterMa￿ 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 T￿atIon 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 P￿byteriaD 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 allo￿tion
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 fi￿d
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
Cur￿rtt &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¢ner*l
Total funds It
31 De¢¢mb¢r
2022
Restrieted
funds
Tangible fixed assets
Current assets
c￿￿eTht 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