## **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**| 3 of 13 ## **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 4 of 13 **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** 5 of 13 ## **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** 6 of 13 ## **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** 7 of 13 ## **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**| |---|---| 8 of 13 **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**| |---|---| 9 of 13 **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 10 of 13 **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**| 11 of 13 ## **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)**
-| |||**-**| 12 of 13 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