# **MILLISLE & BALLYCOPELAND CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND** **Financial Statements for the year ended 31 December 2024** **Registered Charity in Northern Ireland (NIC105206)** ## **MILLISLE & BALLYCOPELAND CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY** ## **Year ending 31 December 2024** |**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 2024**
71,521
8,735
0
80,256
3,697
14,131
0
17,827
320
0
0
320
2,213
2,689
0
4,902
2,181
15,667
0
17,849
79,932
41,223
0
121,155
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
**79,932**
**41,223**
**0**
**121,155**
569
1,673
0
2,242
66,264
43,598
0
109,863
0
0
0
0
2,678
3,227
0
5,905
69,512
48,498
0
118,010
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
**69,512**
**48,498**
**0**
**118,010**
10,421
-7,276
0
3,145
0
0
0
0
10,421
-7,276
0
3,145
68,856
98,602
0
167,458
79,277
91,326
0
170,603|**Total 2023**
79,022
15,295
4,920
4,461
7,053| |---|---|---| |||110,751| |||0
0
0| |||0| |||**110,751**| |||609
87,658
0
3,044| |||91,311| |||0
0
0| |||0| |||**91,311**| |||19,440
0| |||19,440
148,018| |||167,458| Registered Charity in Northern Ireland (NIC105206) ## **MILLISLE & BALLYCOPELAND CONGREGATION OF THE PREBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As of 31 December 2024** |**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**
68,856
98,602
0
10,421
-7,276
0|
**Total 2024**
167,458
3,145
170,603
5,598
164,461
544
170,603
0
0
0
0
0
0
0
0
0
0
170,603|**Total 2023**
148,018
19,440| |---|---|---|---| ||79,277
91,326
0||167,458| ||||160,787
6,175
496| ||||167,458| ||||0
0
0
0
0
0| ||||0| ||||0
0| ||||0| ||||| ||||167,458| Approved by the Kirk Session at a meeting on 16th April 2025 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 2024** ## **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 2024**
58,354
7,332
0
65,686
957
0
0
957
1,320
0
0
1,320
10,890
1,403
0
12,294
0
0
0
0
71,521
8,735
0
80,256|**Total 2023**| |||65,370
694
918
12,040
0| |||79,022| ## **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 2024**
0
3,750
0
3,750
0
0
0
0
3,697
670
0
4,367
0
0
0
0
0
0
0
0
0
9,711
0
9,711
3,697
14,131
0
17,827|**Total 2023**| |---|---|---| |||2,386
0
3,499
0
440
8,971| |||15,295| ## **4. OTHER TRADING ACTIVITIES** |**4. OTHER TRADING ACTIVITIES**||| |---|---|---| |a) Letting of premises
b) Trading income|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total 2024**
320
0
0
320
0
0
0
0
320
0
0
320|**Total 2023**| |||4,920
0| |||4,920| 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 2024**
2,213
2,689
0
4,902
0
0
0
0
0
0
0
0
0
0
0
0
2,213
2,689
0
4,902|**Total 2023**| |||4,461
0
0
0| |||4,461| ## **6. OTHER INCOME** |a) Insurance claims
b) Other income|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total 2024**
0
0
0
0
2,181
15,667
0
17,849
2,181
15,667
0
17,849|**Total 2023**| |---|---|---| |||0
7,053| |||7,053| ## **7. RAISING FUNDS** |a) FWO envelopes
b) Fundraising events|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total 2024**
569
0
0
569
0
1,673
0
1,673
569
1,673
0
2,242|**Total 2023**| |---|---|---| |||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 2024**
15,499
0
0
15,499
521
0
0
521
34,488
0
0
34,488
15,336
23,390
0
38,726
0
9,700
0
9,700
420
0
0
420
0
10,508
0
10,508
66,264
43,598
0
109,863
2,678
3,227
0
5,905
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total 2024**
0
0
0
0|**Total 2023**| |---|---|---| |||12,127
497
32,810
25,883
7,891
390
8,060| |||87,658| |||3,044| |||**Total 2023**| |||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 £3,511,747 ## **11. INVESTMENTS** |**11. INVESTMENTS**||| |---|---|---| |General Investment Fund
Property
Other investments|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total 2024**
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0|**Total 2023**| |||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
68,856
79,932
69,512
10,421
**Restricted Funds**
Ballycopeland Graveyard Maintenance
619
0
630
-630
Boys Brigade
392
0
0
0
Building Fund
39,077
11,546
18,718
-7,172
Christian Aid
0
1,035
1,035
0
Church Charity Fund
0
2,715
2,715
0
Disaster Fund
506
0
0
0
Flower Festival
6,660
7,656
1,673
5,983
Flower Fund
4
382
100
282
Interest on Simpson Gift
42,173
2,228
7,168
-4,941
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
0
0
0
United Appeal
0
5,150
5,150
0
World Development
0
800
800
0
Girls Brigade
3,552
4,899
4,169
730
Bowling Club
1,761
1,099
1,849
-750
Ignite Youth Group
78
0
0
0
Presbyterian Women
797
1,137
1,033
104
Tuesday Club
97
481
336
145
Catering Committee
1,952
2,095
3,122
-1,027
Sunday School
179
0
0
0
**Total**
**98,602**
**41,223**
**48,498**
**-7,276**
**Endowment Funds**
0
0
0
0
**Total**
**167,458**
**121,155**
**118,010**
**3,145**|**Transfer**
**Balance at**
**end**| |---|---| ||79,277| ||-11
392
31,904
0
0
506
12,642
286
37,232
530
0
0
300
-74
0
0
4,282
1,011
78
901
242
925
179| ||**0**
**91,326**| ||0
0| ||**0**
**170,603**| Registered Charity in Northern Ireland (NIC105206)