Banbridge Road Presbyterian Church Statement of Financial Activities For the year ended 31 December 2023
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Other trading activites 4 Investments 5 Total Expenditure on: Charitable activities 6/7 Other expenditure Total Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 195,573 - 897 2,956 |
Restricted funds £ 33,620 26,487 1 - |
2023 £ 229,193 26,487 898 2,956 |
2022 £ 246,979 17,413 1,155 4,781 |
|---|---|---|---|---|
| 199,426 | 60,108 | 259,534 | 270,328 | |
| (185,314) (50,000) |
(65,850) - |
(251,164) (50,000) |
(231,734) - |
|
| (235,314) | (65,850) | (301,164) | (231,734) | |
| (11,784) | 11,784 | - | - | |
| (47,672) | 6,042 | (41,630) | 38,594 | |
| 96,663 | 35,785 | 132,448 | 93,854 | |
| 48,991 | 41,827 | 90,818 | 132,448 |
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Banbridge Road Presbyterian Church Statement of Financial Position As at 31 December 2023
| Notes Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Net assets The funds of the charity Restricted income funds 12 Unrestricted income funds 12 Total funds |
£ 2023 90,818 |
£ 2022 132,448 |
|---|---|---|
| 90,818 | 132,448 | |
| 90,818 | 132,448 | |
| 90,818 | 132,448 | |
| 90,818 | 132,448 | |
| 41,827 48,991 |
35,785 96,663 |
|
| 90,818 | 132,448 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Rev Gary Trueman Trustee 26 March 2024
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Banbridge Road Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Banbridge Road Presbyterian Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
2. Income from donations and legacies
| ncome from donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2023 | 2022 | |
| funds | funds | |||
| £ | £ | £ | £ | |
| Donations received | 195,573 | 33,620 | 229,193 | 246,979 |
| 195,573 | 33,620 | 229,193 | 246,979 | |
| ncome from charitable activities | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Restricted funds | ||||
| Restricted Missions and | ||||
| Charities Fund | ||||
| United Appeal | 2,210 | 1,200 | ||
| General Missions | 2,461 | 2,204 | ||
| 4,671 | 3,404 | |||
| Restricted Organisational Funds | ||||
| . | 21,816 | 14,009 | ||
| 26,487 | 17,413 |
3. Income from charitable activities
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Banbridge Road Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2023
4. Income earned from other activities
| ncome earned from other activities | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2023 | 2022 | |
| funds | funds | |||
| £ | £ | £ | £ | |
| Other Sources | 897 | 1 | 898 | 1,155 |
| 897 | 1 | 898 | 1,155 |
5. Investment income
| Unrestricted funds Bank interest receivable Other investment income Costs of charitable activities by fund type Donations and Legacies Support costs Costs of charitable activities by activity type Support costs Donations and Legacies Restricted Missions and Charities Fund Restricted Organisational Funds |
Unrestricted funds £ 110,352 74,962 |
Restricted funds £ - 65,850 |
2023 £ 156 2,800 |
2022 £ 177 4,604 |
|---|---|---|---|---|
| 2,956 | 4,781 | |||
| 2023 £ 110,352 140,812 |
2022 £ 104,413 127,321 |
|||
| 185,314 | 65,850 | 251,164 | 231,734 | |
| Activities undertaken directly £ 110,352 - - |
Support costs £ 102,059 15,891 22,862 |
2023 £ 212,411 15,891 22,862 |
2022 £ 202,357 13,871 15,506 |
|
| 110,352 | 140,812 | 251,164 | 231,734 |
6. Costs of charitable activities by fund type
7. Costs of charitable activities by activity type
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Banbridge Road Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2023
8. Analysis of support costs
| Resources Expended Governance costs |
Restricted Missions and Charities Fund £ 15,891 - |
Restricted Organisation al Funds £ 22,862 - |
2023 £ 38,753 102,059 |
2022 £ 29,377 97,944 |
|---|---|---|---|---|
| 15,891 | 22,862 | 140,812 | 127,321 |
9. Net income/(expenditure) for the year
| Net income/(expenditure) for the year | ||
|---|---|---|
| This is stated after charging/(crediting): | ||
| 2023 | 2022 | |
| £ | £ | |
| Trustees' remuneration | 51,579 | 49,123 |
| Trustees' pension contributions | 12,379 | 11,790 |
| Staff costs and emoluments | ||
| Total staff costs for the year ended 31 December 2023 were: | ||
| 2023 | 2022 | |
| £ | £ | |
| Salaries and wages | 83,658 | 77,425 |
| Social security costs | 7,114 | 8,816 |
| Pension costs | 12,379 | 11,790 |
| 103,151 | 98,032 | |
| 2023 | 2022 | |
| Total number of employees | 5 | 5 |
| 5 | 5 |
10. Staff costs and emoluments
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Banbridge Road Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2023
11. Comparative for the Statement of Financial Activities
| Income and endowments from: Donations and legacies Charitable activities Other trading activites Investments Total Expenditure on: Charitable activities Total Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 218,675 - 1,154 4,781 |
Restricted funds £ 28,304 17,413 1 - |
2022 £ 246,979 17,413 1,155 4,781 |
|---|---|---|---|
| 224,610 | 45,718 | 270,328 | |
| (167,004) | (64,730) | (231,734) | |
| (167,004) | (64,730) | (231,734) | |
| (17,512) | 17,512 | - | |
| 40,094 | (1,500) | 38,594 | |
| 56,569 | 37,285 | 93,854 | |
| 96,663 | 35,785 | 132,448 |
12. Movement in funds
Unrestricted Funds
| General General Fund Unrestricted Funds - Previous year General General Fund |
Balance at 01/01/2023 Incoming resources Outgoing resources Transfers Balance at 31/12/2023 £ £ £ £ £ 96,663 199,426 (235,314) (11,784) 48,991 96,663 199,426 (235,314) (11,784) 48,991 Balance at 01/01/2022 Incoming resources Outgoing resources Transfers Balance at 31/12/2022 £ £ £ £ £ 56,569 224,610 (167,004) (17,512) 96,663 56,569 224,610 (167,004) (17,512) 96,663 |
|---|---|
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Banbridge Road Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2023
Purpose of unrestricted Funds
General Fund
Charitable Activities
Restricted Funds
| Boys Brigade BRYM Choir General Missions Fund Girls Brigade Lotsatots Presbyterian Women Property/Building Fund Sunday School United Appeal Restricted Funds - Previous year Boys Brigade BRYM Choir General Missions Fund Girls Brigade Lotsatots Presbyterian Women Property/Building Fund Sunday School United Appeal |
Balance at 01/01/2023 Incoming resources Outgoing resources Transfers Balance at 31/12/2023 £ £ £ £ £ 3,483 2,658 6,550 (5,725) - 847 2,280 5,226 (6,613) (46) 846 950 1 (200) 95 7,332 6,936 2,462 (1,866) (200) 7,927 7,574 6,792 (6,439) - 1 8 514 (521) - 405 1,422 1,619 (2,736) 100 19,352 12,829 33,620 (27,097) - 1,634 1,128 1,114 (628) 20 - - 2,210 (14,025) 11,815 35,785 60,108 (65,850) 11,784 41,827 Balance at 01/01/2022 Incoming resources Outgoing resources Transfers Balance at 31/12/2022 £ £ £ £ £ 2,658 858 4,900 (4,517) 1,417 2,280 923 1,152 (1,795) 2,000 950 931 1 (30) 48 6,936 4,481 2,204 (250) 501 7,574 7,122 5,268 (5,533) 717 8 170 204 (366) - 1,422 1,486 2,453 (2,631) 114 12,829 19,877 28,305 (35,353) - 1,128 1,437 31 (634) 294 - - 1,200 (13,621) 12,421 37,285 45,718 (64,730) 17,512 35,785 |
|---|---|
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Banbridge Road Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2023
Purpose of restricted funds
Renovation Fund
Charitable Activities Property/Building Fund Charitable Activities United Appeal
Charitable Activities General Missions Fund
Charitable Activities World Development
Charitable Activities Orphans
Charitable Activities Earl Haig
Charitable Activities Presbyterian Women
Charitable Activities Boys Brigade
Charitable Activities Girls Brigade
Charitable Activities Choir
Charitable Activities Sunday School
Charitable Activities
BRYM
Charitable Activities Lotsatots
Charitable Activities
Youth Club
Charitable Activities
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Banbridge Road Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2023
13. Analysis of net assets between funds
| Analysis of net assets between funds | |
|---|---|
| Unrestricted funds General General Fund Restricted funds Boys Brigade BRYM Choir General Missions Fund Girls Brigade Lotsatots Presbyterian Women Property/Building Fund Sunday School Previous year Unrestricted funds General General Fund Restricted funds Boys Brigade BRYM Choir General Missions Fund Girls Brigade Lotsatots Presbyterian Women Property/Building Fund Sunday School |
Net current assets / (liabilities) Net Assets £ £ 48,991 48,991 3,483 3,483 847 847 846 846 7,332 7,332 7,927 7,927 1 1 405 405 19,352 19,352 1,634 1,634 |
| 90,818 90,818 |
|
| Net current assets / (liabilities) Net Assets £ £ 96,663 96,663 2,658 2,658 2,280 2,280 950 950 6,936 6,936 7,574 7,574 8 8 1,422 1,422 12,829 12,829 1,128 1,128 |
|
| 132,448 132,448 |
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Banbridge Road Presbyterian Church Detailed Statement of Financial Activities For the year ended 31 December 2023
| INCOME AND ENDOWMENT Donations and legacies Freewill Offering Harvest Appeal Building Fund Charitable activities United Appeal (Restricted Missions and Charities Fund) General Missions (Restricted Missions and Charities Fund) Presbyterian Women (Restricted Organisational Funds) Boys Brigade (Restricted Organisational Funds) Girls Brigade (Restricted Organisational Funds) Choir (Restricted Organisational Funds) Sunday School (Restricted Organisational Funds) BRYM (Restricted Organisational Funds) Lotsatots (Restricted Organisational Funds) Other trading activities Income from Other Sources Investments Bank interest receivable Bequest Income Total incoming resources EXPENDITURE Charitable activities Wages and Salaries (Donations and Legacies) Social Security (Donations and Legacies) Minister's Salary (Donations and Legacies) Minister's Pension Contributions (Donations and Legacies) Minister's Expenses (Donations and Legacies) Other Transfer to Investments |
£ 2023 195,573 - 33,620 229,193 2,210 2,461 1,620 6,550 6,792 1 1,114 5,225 514 26,487 898 898 156 2,800 2,956 |
£ 2022 211,404 7,271 28,304 |
|---|---|---|
| 246,979 1,200 2,204 2,453 4,900 5,268 1 31 1,152 204 |
||
| 17,413 1,155 |
||
| 1,155 177 4,604 |
||
| 4,781 | ||
| 259,534 (32,079) (7,114) (51,579) (12,379) (7,201) (110,352) (50,000) (50,000) |
270,328 (28,302) (8,816) (49,123) (11,790) (6,382) |
|
| (104,413) - |
||
| - |
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This page does not form part of the statutory financial statements
Banbridge Road Presbyterian Church Detailed Statement of Financial Activities Continued For the year ended 31 December 2023
| SUPPORT COSTS Resources Expended United Appeal (Restricted Missions and Charities Fund) General Missions (Restricted Missions and Charities Fund) Presbyterian Women (Restricted Organisational Funds) Boys Brigade (Restricted Organisational Funds) Girls Brigade (Restricted Organisational Funds) Choir (Restricted Organisational Funds) Sunday School (Restricted Organisational Funds) BRYM (Restricted Organisational Funds) Lotsatots (Restricted Organisational Funds) Governance costs Governance costs (Donations and Legacies) Premises costs (Donations and Legacies) Other office costs (Donations and Legacies) Bank Charges (Donations and Legacies) Food and Outreach (Donations and Legacies) Other Religious and Charitable Purposes (Donations and Legacies) Printing and Office Supplies (Donations and Legacies) Telephone, Web Hosting and Licences (Donations and Legacies) Total resources expended Net Expenditure |
(14,025) (1,866) (2,736) (5,725) (6,439) (200) (628) (6,613) (521) (38,753) (1,156) (58,783) (16,965) (175) (922) (12,739) (8,215) (3,104) (102,059) |
(13,621) (250) (2,631) (4,517) (5,533) (30) (634) (1,795) (366) (29,377) (2,505) (57,816) (17,135) (179) (2,762) (13,221) (3,098) (1,228) (97,944) |
|---|---|---|
| (301,164) | (231,734) | |
| (41,630) | 38,594 |
13 of 13 This page does not form part of the statutory financial statements