MILLISLE & BALLYCOPELAND CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements for the year ended 31 December 2023
Registered Charity in Northern Ireland (NIC105206)
MILLISLE & BALLYCOPELAND CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY
Year ending 31 December 2023
| Receipts Note Donations and Legacies 2 Charitable activities 3 Other trading activities 4 Investment income 5 Other 6 Sale of investments Sale of fixed assets Loans received Total Receipts Payments Raising funds 7 Charitable activities 8 Investment costs Other 9 Purchase of investments Purchase of fixed assets Loan repayments 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 2023 70,847 8,175 0 79,022 2,934 12,361 0 15,295 4,920 0 0 4,920 1,638 2,823 0 4,461 5,166 1,887 0 7,053 85,505 25,246 0 110,751 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 85,505 25,246 0 110,751 609 0 0 609 60,866 26,792 0 87,658 0 0 0 0 1,384 1,660 0 3,044 62,859 28,452 0 91,311 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 62,859 28,452 0 91,311 22,646 -3,206 0 19,440 0 0 0 0 22,646 -3,206 0 19,440 47,026 100,991 0 148,018 69,673 97,785 0 167,458 |
Total 2022 80,206 10,971 780 2,875 5,321 |
|---|---|---|
| 100,153 | ||
| 0 0 0 |
||
| 0 | ||
| 100,153 | ||
| 609 74,995 0 1,965 |
||
| 77,569 | ||
| 0 0 0 |
||
| 0 | ||
| 77,569 | ||
| 22,585 0 |
||
| 22,585 125,433 |
||
| 148,018 |
Registered Charity in Northern Ireland (NIC105206)
MILLISLE & BALLYCOPELAND CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As of 31 December 2023
| Funds Reconciliation Bank and Cash at start of year Net movement in funds Bank and Cash at end of year Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand Other Assets Fixed Assets - Note 10 > Church premises > Fixtures, Fittings, Equipment > Vehicles Investments - Note 11 Gift aid receivable on donations Liabilities Loans Other Total Funds |
Unrestricted Funds Restricted Funds Endowment Funds 47,026 100,991 0 22,646 -3,206 0 |
Total 2023 148,018 19,440 167,458 160,787 6,175 496 167,458 0 0 0 0 0 0 0 0 0 0 167,458 |
Total 2022 125,433 22,585 |
|---|---|---|---|
| 69,673 97,785 0 |
148,018 | ||
| 5,152 142,677 189 |
|||
| 148,018 | |||
| 0 0 0 0 0 0 |
|||
| 0 | |||
| 0 0 |
|||
| 0 | |||
| 148,018 |
Approved by the Kirk Session at a meeting on 17th April 2024 and signed on it's behalf by: -
Miss M Startin
Mr E Walton
Registered Charity in Northern Ireland (NIC105206)
MILLISLE & BALLYCOPELAND CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES
31 December 2023
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis.
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.
Resticted 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
| 2. DONATIONS AND LEGACIES | ||
|---|---|---|
| a) Recorded giving b) Loose collections c) Donations and gifts d) Gift aid e) Legacies and bequests |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 58,502 6,868 0 65,370.00 694 0 0 693.95 918 0 0 918.00 10,733 1,307 0 12,039.96 0 0 0 0.00 70,847 8,175 0 79,022 |
Total 2022 |
| 65,622 784 2,187 11,613 0 |
||
| 80,206 |
3. CHARITABLE ACTIVITIES
| a) Income from charitable activities b) Fees from weddings and funerals c) Fundraising events d) Membership fees e) Grants Organisations income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 0 2,386 0 2,386 0 0 0 0 2,934 565 0 3,499 0 0 0 0 0 440 0 440 0 8,971 0 8,971 2,934 12,361 0 15,295 |
Total 2022 |
|---|---|---|
| 4,244 0 3,055 0 0 3,673 |
||
| 10,971 |
4. OTHER TRADING ACTIVITIES
| 4. OTHER TRADING ACTIVITIES | ||
|---|---|---|
| a) Letting of premises b) Trading income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 4,920 0 0 4,920 0 0 0 0 4,920 0 0 4,920 |
Total 2022 |
| 780 0 |
||
| 780 |
Registered Charity in Northern Ireland (NIC105206)
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 2023 1,638 2,823 0 4,461 0 0 0 0 0 0 0 0 0 0 0 0 1,638 2,823 0 4,461 |
Total 2022 |
| 2,875 0 0 0 |
||
| 2,875 |
6. OTHER INCOME
| a) Insurance claims b) Other income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 0 0 0 0 5,166 1,887 0 7,053 5,166 1,887 0 7,053 |
Total 2022 |
|---|---|---|
| 0 5,321 |
||
| 5,321 |
7. RAISING FUNDS
| a) FWO envelopes b) Fundraising events |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 609 0 0 609 0 0 0 0 609 0 0 609 |
Total 2022 |
|---|---|---|
| 609 0 |
||
| 609 |
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 Organisation expenses 9. OTHER EXPENDITURE Investment properties expenses |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 12,127 0 0 12,127 497 0 0 497 32,810 0 0 32,810 15,042 10,841 0 25,883 0 7,891 0 7,891 390 0 0 390 0 8,060 0 8,060 60,866 26,792 0 87,658 1,384 1,660 0 3,044 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 0 0 0 0 |
Total 2022 |
|---|---|---|
| 10,969 794 31,024 17,829 8,128 390 5,861 |
||
| 74,995 | ||
| 1,965 | ||
| Total 2022 | ||
| 0 |
10. FIXED ASSETS
The congregation owns the church premises situated at 17 Ballywalter Road, Millisle and the associated fixtures, fittings, plant and machinery. These have an insurance value of £3,178,050
11. INVESTMENTS
| 11. INVESTMENTS | ||
|---|---|---|
| General Investment Fund Property Other investments |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
Total 2022 |
| 0 0 0 |
||
| 0 |
Registered Charity in Northern Ireland (NIC105206)
12. FUND BALANCES
| Fund Balance at start Receipts Payments Surplus / (Deficit) Unrestricted Funds FWO/General Fund 47,026 85,505 62,859 22,646 Restricted Funds Ballycopeland Graveyard Maintenance 944 305 630 -325 Boys Brigade 0 392 0 392 Building Fund 42,312 5,390 8,625 -3,235 Christian Aid 0 1,237 1,237 0 Church Charity Fund 0 1,149 1,149 0 Disaster Fund 506 0 0 0 Flower Festival 7,249 0 590 -590 Flower Fund 104 0 100 -100 Interest on Simpson Gift 41,615 2,386 1,829 557 Millisle Old School Fund 530 0 0 0 Moderators Appeal Fund 0 0 0 0 Presbyterian Children's Society 0 0 0 0 Relief Fund 300 0 0 0 Religious Publications -74 288 288 0 United Appeal 0 4,184 5,000 -817 World Development 0 505 505 0 Girls Brigade 3,322 3,685 3,454 231 Bowling Club 2,021 820 1,080 -260 Ignite Youth Group 78 0 0 0 Presbyterian Women 538 1,216 957 259 Tuesday Club 70 205 178 27 Catering Committee 903 2,744 1,695 1,049 Sunday School 179 0 0 0 Boys Brigade 395 0 395 -395 Total 100,991 24,506 27,712 -3,206 Endowment Funds 0 0 0 0 Total 148,018 110,011 90,571 19,440 |
Transfer Balance at end |
|---|---|
| -817 68,856 |
|
| 619 392 39,077 0 0 506 6,660 4 42,173 530 0 0 300 -74 817 0 0 3,552 1,761 78 797 97 1,952 179 0 |
|
| 817 98,602 |
|
| 0 | |
| 0 167,458 |
Registered Charity in Northern Ireland (NIC105206)