an Ballydown Presbyterian Church a congregation of the Presbyterian Church in Ireland Trustees Annual Report and Financial Statements for the year ended 31 December 2023 Registered with the Charity Commisslon for Northern Ireland NIC105146
an TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statement5 for the year ended 31 December 2023 including a Balance Sheet as at that date. REFERENCE AND ADMINISTRATIVE DETAILS Ballydown Presbyterian Church a congregation of the Presbyterian Church in Ireland Gistlewellan Road, Banbridge, Co. Down. Re8lStered Charity in Northern Ireland {NIC105146) CHARITY TRUSTEES The Charity Trustees who seNed during the year or who were trustees at the date of this report were Elmer Armstrong lan Montgomery Liam Rutherford John Campbell samuel Magowan Samuel Martin James Martin William Porter PRINCIPAL OFFICE BEARERS Minister Clerk of Se55ion Treasurer Rev Liam Rutherford lan Montgomery James Ringrose INDEPENDENT EXAMINER S.M.Wint & Co., 8 Newry Road. Banbridge. BT32 3HN. BANKERS Danske Bank, Newry Finan Centre, 58 Hill Street, Newry, BT34 IAR. SOLICITORS Trevor McBurney & Co., 37-39 Rathfriland Street, Banbridge, Co. Down, BT32 3LA.
an TRUSTEES ANNUAL REPORT {conVd) STRUCTURE AND MANAGEMENT The Klrk Session The charity trustees of the congregation are the rnembers of its Kirk Session. Under the congregation's governing document, The Code. the book of the constitution and government of the Presbyterian Church in Ireland, the Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of persons not connected with any congregation who are with in its bounds. It ensures pastoral care is in place in the congregation and seeks to further the contribution of the Church to Christian witness and service in the local commun ity. The Kirk Sessions has delegated to its Congregational Committee the temporal affairs of the congregation including administering all funds and property belonging to the congregation. Members of the Kirk Session are ex-officio members of the Congregational Committee. The Kirk Session consists of the ordained minister and the ruling elders of the congregations. All members are entitled to propose, speak and exercise equal votes at meetings, except that the Moderator, the ministers in active duty in the congregation, has no deliberative but only a casting vote. Stated meetings of the Kirk session are held monthly. To be chosen forthe ofpice of the eldership in the congregation a person must be a voting member and a regular attendant on its ordinances. The selection of those proposed to be called to the office can be either by the congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote. Presbytery Underthe Presbyterian Church in Ireland form of governance the corporate Dversight of a congregation is the responsibility of a Presbytery which superintends Eenerally the spiritual and temporal affairs of the congregations assigned to it bythe General Assembty of the Presbyterian Church in Ireland. Ballydown Presbyterian Church has been assigned to the Iveagh Presbytery of the Presbyterian Church in Ireland. The membership of the Presbytery consists rnainly of the active ministers of congregations assigned to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk Session of each congregation.
an TRUSTEES ANNUAL REPORT Icont'd) The General Assembly The General Assembly is the supreme court of the Church, representing in one body the whole Church and acting as its supreme leEislative, administration and judicial authority, in dealing with all matters brought before it. The General Assembly is normally constituted during the first week in June for worship and to conduct its business. At the end of business it is dissolved. The membership of the General Assembly con515ts mainly of the active ministers of each congregation, retired minsters and a representative elder appointed by the Kirk Session of each congregation. DESCRIPTION AND PURPOSE Ballydown Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, a5 a Reformed Church within the wider body of Christ is grounded in the Scriptures, and exists to love and honour God through faith in His Son and by the power of H is Spirit, and to enable her members to play their part in fulfilling God's mission to our world, The congregation's mission purpose is: "Reflecting Christ. Reaching People. Renewing lives. -REFLECTING CHRIST Our mission is to reflert Christ's desires ond character. We want people to see Jesus 'the Light of the World,. We ore His lights reflecting His loving and life-giving qualities. -REACHING PEOPLE Our mission is to moke disciples, 05 Jesus commanded. We wt7nt to find woys of making meaningful contacts with people in our community ond to shore God'5 love with them. -RENEWING LIVE5 Our mission 15 to See God'5 Spirit toke God's Word and transform lives. We wont to see lives renewed G5 testimony to the power of the Gospel.
an TRusfEE5 ANNUAL REPORT Iconvd) ACTIVITIES AND OBJEcfivES The congregation meets for worship every Sunday and visitors are welcome to join. The Sacrament of the Lords Supper is observed on six occasions during the year and all those who have been baptised and who have made a profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation has a wide range of organisations including: Creche and Sunday School Youth Club Girls, Brigade Boys, Brigade Youth Fellowship Presbyterian Women Small Groups ACHIEVEMENTS AND PERFORMANCE Worship and prayer Normally the congregation meets for worship each Sunday at 10.30am and once a month at 7.30pm. During the week the Small Groups provide an opportunity for members to meet togetherfor fellowship, to study the scriptures and to pray for one another and the wider needs of the community. During the year we acknowledged God's gift of new life at baptism, we conducted marriage services and funeral services. We also marked haest and other key times in the Christian calendar including Christmas and Easter. At 31 December 2023 there were 301 communicant members and 219 families connected with the congregation. The average attendance at Sunday morning worship was around 370 persons of all ages. Creche, Kidzone and Sunday School all run during the service to meet the spiritual needs of children of all ages. Prayer Ministry is offered at the close of the service. We also serve tea and coffee after the service to allow for informal fellowship. Pastoral care Members of the congregation who are unable to attend church due to sickness or age are normally visited by the min ister, elders or by one of the congregation's pastoral visitors.
an TRUSTEES ANNUAL REPORT (convd) Mission and outreach At a local level the congregation seeks to share the gospel of Jesus Christ both formally and informally. This is achieved through our regular church seNices, online services, uniformed and non-uniformed organisations and through the various clubs that we run as well as helping to support the local Food Bank and various charitable organisations such as the Blythswood Shoebox Appeal. The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in Ireland, This fund enables congregations to support the wider mission of the denomination and to do mission and outreach on denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission personnel at home and overseas, assists congregations with the deployment of locally based staff, enables church planting, provides grant support for the upkeep of church premises, assist with the running costs of U nion Theological College, the Church's train ing college for ministry students, and financially supports congregation in the areas of worsh ip, discipleship, global mission, outreach, leadership and pastoral care. Presbytery The congregation was represented at the regular meetings of Presbytery by our minister and / or one of the elders. This provides an important link between the congregations and the wider structure5 of the church. General Assembly The minister and one of our elders were nominated to attended the General Assembly of the Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June. Property The church continues to maintain the property to a good standard Organisations Small Groups". Ten small groups have met in the church premises and around our district on a weekly basis, averaging 14 people in each. Youth Fellowship met on Sunday evenings and exists forteenagers to learn more about the gospel, worship together and enjoy various games and social activities and a weekend away. Average attendance 35.
an TRUSTEES ANNUAL REPORT (convd) Youth Club meets on Friday evenings with an average of 35 teenagers attending and enjoying all sorts of artivities including football, board games, pool, basketball, table tennis and various video games. Boys, Brigade in Ballydown is made up of three sections- Anchor Boys112 enrolledl, Junior Section 11 enrolledl and Company Section112 enrolledl. The Boys, Brigade sections have sought to fulfil their mission of "Extending Christ's Kingdom Among Boys" through their badge work, Bible Study and development of life-skills. Girl Guiding in Ballydown closed in June of 2023. We are grateful to those who seNed in leadership of the Girl Gu ides and appreciate all the hard work that went into creating a varied program of activities for the girls. Girls, Brigade began in September 2023 and 15 made up of five sections. The girls range in age from 4 to 16 years old supported by 16 leaders. Ballydown GB is affiliated to GBNI a5 377th GBNI Company and Sunday 22nd October was the first Enrolment Service. The GB meets weekly on a Tuesday to fulfil their mission which is, Yo help girls to become followers of the Lord Jesus Christ, and through self-control, reverence and a sense of responsibility, to find true enrichment of life. Creche is split into three- Baby Creche (O to 12 months), Junior Creche11 to 2+ years) and Toddler Creche12+ to 4 years) and runs during the Sunday Service. Worship has been led each Sunday by a team of musicians and praise leaders, The Puppets Ministry has presented Bible stories to children - presented mainly by our teenagers. They have featured on special occasions such as Easter, Children's Sunday, Christmas and the Organisations, Enrolment Service. Carnera Club has met fortnightly and exists to educate its members about photography and taking better pictures. They have organised occasional field trips and created projects for members to complete. Sewing Bees has about a dozen ladies meeting to complete craft projects. Presbyterian Women has met the needs of ladies of the congregation with an emphasis on both spiritual and practical activities. The PW pray5 for and 5UPPOrts overseas mission. About 18 men {18 years and upl played football on Thursday evenings from April onwards to keep fit and enjoy some social interaction. The Carers, Group helps those who are caring for theirfamily members and normalty meets once a month.
an TRUSTEES ANNUAL REPORT (conVd} Lift Groups are small meetings of three to four people meeting for prayer on an informal basis. Other men's and women's ministries have been established to help to maintain the personal links within our congregation and to encourage fellowship. By way of outreach into our community we held meetings in a local coffee shop (Ground Coffee Shop on Newry St, Banbridgel to run course such as "Hope Explored" and the "Alpha Course." These cou rses serve as introductions to the Christian faith. Volunteers The Trustees wish to acknowledge theirdeep appreciation of those who give freely of their time by serving on committee5 and helping with organisations and other church activities. PUBLIC BENEFIT STATEMENT The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Chu rch's subordinate standards (the Westminster Confession of Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for response to Bible teaching. In tu rn, this framework lead5 to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved). Generally the above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access 15 made known through the use of noticeboards, printed material, press advertisement, websites, and social media or in other ways. The benefits are demonstrated through regular evaluation of the services and informal and ad-hoc feedback from members, their families, and members of the public. The purpose does not lead to harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a resu It of their holding office or employment. However, this is incidental and necessary in orderto furtherour charrtable purpose.
an TRUSTEES ANNUAL REPORT (cont'd) There are no other private benefits. The beneficiaries of this purpose are members, their families, other individua Is that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and worldwide which benefit from our engagement with and support for both Christian and other secular organisations, charities and individual members of the public. The Kirk Session has had regard to the Charity Commissions public benefit requirement statutory guidance.
an TRUSTEES ANNUAL REPORT (convd) FINANCIAL REVIEW The congregation's main source of incorne is members, contributions through the Weekly Freewill Offering. There were 177 contributors during the year { 168 in previous year, 2022] donating a total of £112,8981£109,376 in previous year, 20221 Total Income of the congregation during the year was £270,447, compared to £265,531 in the previous year. Total expenditure increased from £260,701 to £266,758. RESPONSIBILITIES IN RE5PEcf OF THE FINANCIAL STATEMENTS The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the congregations a nd the financial activities for that year. In preparing the financial statements the Trustees are required to: select suitable accounting policies and then apply them consistently makejudgements and estimates that are reasonable and prudent prepare the f inancial statements on the going concern basis unless it is inappropriate to presume that the Funds will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable them to ensure that the financial statements comply with the Statement of Recommended Practice "Accounting and Reporting by Charities11 January 20151" They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. io
Presbyter TRUStEES ANNUAL REPORT {conYd) GOING CONCERN The activities of the congregation are dependent on ongoin8 contributions from its members. The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signin8 this report and subject to the continuing support from members to fund on an ongoing basis the congregation's current activities and other financial commitments. RESERVES POLICY The Trustees have considered the level of unrestrirted reserves that it is appropriate to hold taking account of current and ongoing commitments. It is the policy of the Trustees to hold between three and six month's normal expenditure. At the year end unrestricted reserves were £86,912 which represents a high level of reserves. The Trustees however, consider it prudent to hold reserves at this level as the funding of its present activities is dependent of the ongoing financial support of members. RISK REVIEW A review of major risks has been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from members. These risks are mitigated by the Trustees, and the Congregational Committee, regularly monitoring the various activitie5 of the congregation at stated meetings and by encouraging members in their regular giving. Approved by the Kirk Session at a meeting on 24thJune 2024 and signed on its behalf by Rev Liam Rutherford es Ringrose Minister Treasurer li
an QUALIFIED INDEPENDENT EXAMINERS REPORTTO THE TRusfEES OF BALLYDOWN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND I report on the accounts of the charity forthe year ended 31st December 2023 which are set out on pages 14 to 32. This report is made solely to the charities Trustees, as a body, in accordance with sertion 65{31{al of the Charities Act Northern Ireland 2008 and regulations made under section 66 of that Act. My work ha5 been undertaken so that I might state to the charities Trustees those matters l am required to State to them in an Independent examinerfs report and for no other purpose. To the Fullest extent permitted by law, I do not accept or assume responsibilityto anyone other than the charity and the charities Trustees as a bodyp for my work orthis report. Respective responsibilitie5 of Trustees and Examiner As the chariws trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination, It is my responsibility to: examine the accounts under section 65 of the Charities Art; follow the procedures laid down in the géneral Directions given by the Charity Commission for Northern I reland under section 6519llb} of the Charities Act; and state whether particular matters have come to my attention. Basis of Independent Examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(91(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or d isclosu res in the accounts and seeking explanations from you as charity trustees concerning any such matters. 12
an Independent examinerfs statement Since the charity's gr05s income exceeded £250,OW your examiner must be a member of a body listed in section 65 of the 2008 Act. I confirm that l am qua lified to u ndertake the examination because l am a member of Chartered Accountants Ireland, which is one of the listed bodies, I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept as required by with section 63 of the 2008 Act; or the financial statements do not accord with those records; or the financial Statements do not comply with the accounting requirements of the 2008 Act; or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which 15 not a matter considered as part of the independent examination. I confirm that there are no matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. 24th June 2024 B. Magennis FCCA FCA For and behalf of S.M. Wint & Co Chartered Certified Accountants & Registered Audltors 8 Newry Road Banbridge BT32 3HN 13
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The PresbY(erian Church In Ireland STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2023 Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investments Other 146062 114943 7813 261005 7813 600 21 1008 258037 5263 690 li 1530 600 21 408 Total 147070 123377 270447 265531 Expenditure on: Raising funds Charitable activities Other 263 122254 263 234 266495 260467 144241 Total 122517 144241 266758 260701 Net gains/(lossesl on investments Net Income / (expendlture) Transfers between funds Gains/(losses) on revaluation of fixed assets 24553 1120541 1208641 12054 3689 4830 Net movement In funds Reconciliation of funds: Total funds brought forward 12499 188101 74413 1497263 3689 4830 1571676 1566846 Total funds carrled forward 86912 1488453 1575365 1571676 14
an BALLYDOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Iland BALANCE SHEET As at 31 December 2023 Fixed assets: Tangible assets Heritage a55ets Investments 12 1664696 1664696 1708510 13 Total fixed assets 1664696 1664696 1708510 Current assets Debtor5 14 6952 9313 16265 15979 Current Investments Cash at bank and in hand 15 84740 51820 156560 179%2 Total current assets 91692 61133 152825 195941 Liabilities: Creditors: Amounts falling due within one year 16 {47801 { 45262) 1 s(K2} 1106949) Net current a55ets or liabilities 86912 15871 102783 88992 Total assets less current liabilities Creditors: Amounts falling due after more than one year Provisions for liabilities 17 {1921141 11921141 {2258261 Total net assets or liabilities 86912 1488453 1575365 1571676 15
an BALLYDOWN PRESBYfERIAN CHURCH Congregation of The Presbyterian Church In Ireland BALANCE SHErr As at 31 December 2023 Funds of the charity Endowment funds 18 Restricted income funds 18 1488453 1488453 1497263 Unrestricted funds 18 86912 86912 74413 Revaluation reserve 18 Total charity funds 86912 1488453 1575365 1571676 Approved by the Kirk Session at a meeting on 24 June 2024 and signed on its behalf by Rev Liam Rutherford Ja s Ringrose Minister Treasurer 16
BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE Accoumrs 31 December 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS The financial statement5 have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland {FRS102) {effective l January 2015>. The financial statements have been prepared underthe historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently 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 (al income from endowments which is to be expended only on the restritted purpose5 intended by the donor and Ibl 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 fund5 Set aside by the congregation for use in the future. 17
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTESTO ThE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES (cont'd) INCOMING RESOURCES 11) Recognition of incoming resources These are included in the Statement of Financial Activities {SoFA) when: the congregation becomes entitled to the resources. the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliably. (li) Incomin8 resources with related expenditure Where incoming resources have related expenditure las with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA. (iii) Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. liv) Tax reclaims on donation5 and Eifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (v) Contrartual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. (vi) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. (vii) Investment income This is included in the accounts when receivable, 18
BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNrs 31 December 2023 ACCOUNTING POLICIES {conYd) (viill Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES lix) Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resource5. {x) Governance costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. {xi) Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specrfied service or output. (xii) Grants payable without performance condition5 These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charty. 19
an BALLYDOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES Iconyd) AsSs Ixiii) Tanglble Flxed Assets Tangible fixed assets for use by charity are capitalised rfthey can be used for more than one year, and cost at least £1,000. They are valued at cost or, if gifted, at the value to the charity on receipt, Depreciation is recorded on all tangible fixed assets other than freehold land, at rates calculated to write of the cost, less estimated residual value, of each asset over its experted useful lrfe as follows Buildings: Fixtures, fittings and equipment - over 50 years over 8 years Ixiv) Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees, best estimate of market value. 20
BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (conyd) 31 December 2023 DONATIONS AND LEGACIES Recorded giving". Loose collections Donations and gifts Gift Aid Legacies and bequest 112898 93648 6837 945 1080 21327 19270 5000 206546 197545 7782 4661 1080 320 40597 39071 5000 16440 146062 114943 261005 258037 CHARITABLE ACTIVITIES Income from charitable activities Fees from weddings and funerals Membership fees Fundraising events Grants 4713 4713 3463 3100 3100 1800 7813 7813 5263 21
BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE Accouwfs (conyd) 31 December 2023 4. OTHER TRADING ACtIVlTIES Letting of premises Trading income 61J) 600 690 600 600 690 INVESTMENTS Deposit interest Geneial Investment Fund Property Rents Other investment income 21 21 li 21 21 li 22
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS IconVd} 31 December 2023 OTHER INCOME Insurance claims Other income 408 600 I18 1530 408 600 1008 1530 RAISING FUNDS FWO envelopes Fundraising events 263 263 234 263 263 234 23
an BALLYDOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE AccouNfs (cont'd) 31 December 2023 CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 21958 21958 20562 846 604 63347 69773 69773 26857 104239 131096 113994 40002 40002 57820 2820 2820 4140 122254 144241 266495 260467 OTHER EXPENDITURE Investment properties expenses 24
an BALLYDOWN PRESBYfERIAN CHURCH a Congregatlon of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 10. EMPLOYEES Employment Costs Wages and Salaries Social Security Costs Pension contributions 63946 57757 5684 5507 8773 8303 78403 71567 Number of Employees The average number of employees, including the minister of the congregation, during the year was Average number of employees There were no employees in receipt of employee benefits in excess of £60,000. 25
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUl+trs (convd) 31 December 2023 ii. PENSION COSTS The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme120091. This is a scheme operated bythe Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employerfs pension contribution forthe Scheme and based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded Scheme of the defined benefit type. providing defined benefits based on career average revalued salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scherne is sufficiently funded to meet current and future obligations. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24% of pensionable salarie5 to cover the accrual of benefits for future service. expenses, the cost of insuring death i n service benefits and funding the scheme def icit, The contributions made by the congregation during the year were Contributions 8773 8303 The congregation operates a defined pension contribution policy for its employees. The scheme and its assets are held by an independent scheme manager. The pension charge represents the contributions due from the congregation during the year Contributions 26
an BALLYDOWN PRESBYfERIAN CHURCH Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 12. TANGIBLE FIXED ASSETS Cost or valuatlon At start of year Additions Disposals 30000 1915809 57174 2002983 At end of year 300CK> 1915809 59058 2004867 Depreciation At start of year Provision for year Disposals 260980 33493 294473 38316 7382 45698 At end of year 299296 40875 340171 Net Book Value At start of year 300 1654829 23681 1708510 At end of year 300LN) 1616513 18183 1664696 13. INVESTMENT5 2023 2022 General Investment Fund Investment Properties Presbyterian Mutual society 27
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (conrfd) 31 December 2023 13. INVESTMENTS (Convd) 2023 2022 Value at start of year Addition5 Disposals Impairment Gains / (Losses on revaluation) Value at end of year 28
an BALLYDOWN PRESBYTERIAN CHURCH a Congregatlon of The Presbyterian Church In Ireland NOTES TO THE ACCOUNTS (convd) 31 Dernber 2023 14. DEBTORS 2023 11974 2022 11876 Gift Aid Recoverable Other debtors Prepayments 4291 4103 16265 15979 15. CASH AT BANK AND IN HAND 2023 2022 Danske Bank Current account Danske Building account Danske Mission account First Trust Dep051t account Danske Bank Sunday School Organisation accounts Cash in hand 84740 71596 19432 84204 24002 14983 258 239 1864 1562 6264 7378 136560 179962 29
BALLYDOWN PRESBYfERIAN CHURCH a Congregatlon of The Presbyterian Chureh In Ireland NOTES TO THE AccouNfs Icont'dl 31 December 2023 16. CREDITORS: amount falling due within one year 2023 2022 898 885 15432 74507 33712 31557 Other creditors Accruals Danske Bank loan 50042 106949 17. CREDITORS: amount falling due after more than one year 2023 2022 192114 225826 Danske Bank loan 192114 225826 30
an BALLYDOWN PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE AccouNfs (convd) 31 December 2023 18. FUND BALANCES AND RECONCILIATION OF FUNDS Fund Balance at start Income Expend. Gains/ Losses Transfer Balance at end Unrestricted Funds General funds 74413 147070 11225171 1120541 86912 74413 147070 11225171 1120541 86912 Restrlrted Funds Flrst Trust Deposit Building Mission Danske Bank Sunday School Organisations Danske Bank Loan Ac Property fund 239 29233 8613 1562 7378 12582721 1708510 19 64580 47302 258 25940 16067 1864 6265 12266371 1664696 1262711 1398481 18981 1160451 1154811 1456981 1416021 1200 3456 47116 1884 11476 1497263 123377 11442411 12054 1488453 Endowment Funds IName of Fund] Total 1571676 270447 12667581 1575365 31
an BALLYDOWN PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland NOTES TO THE Accouivfs (conyd) 31 December 2023 19. RELATED PARTY TRANSAcfioN One of the Trustees, the minister of the congregation received remuneration of £40,657 and expenses of £6,701 for acting in that capacity. Pension contribution of £8,630 were paid by the congregation in respect of the minister to the Presbyterian Chu rch in Ireland Pension Scheme12009). None of the other trustees received any remuneration. During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charity £13,328 for congregational assessments £10,680 toward5 the United Appeal etc. The congregation contributed £846 towards Presbytery Assessments during the year There were no other related party transactions. 32