Banbridge Road Presbyterian Church Statement of Financial Activities For the year ended 31 December 2024
| 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 £ 222,080 - 1,822 4,120 |
Restricted funds £ 32,888 34,346 - - |
2024 £ 254,968 34,346 1,822 4,120 |
2023 £ 229,193 26,487 898 2,956 |
|---|---|---|---|---|
| 228,022 | 67,234 | 295,256 | 259,534 | |
| (205,154) - |
(96,345) - |
(301,499) - |
(251,164) (50,000) |
|
| (205,154) | (96,345) | (301,499) | (301,164) | |
| (10,119) | 10,119 | - - 90,818 |
- | |
| (10,119) | 10,119 | - | ||
| 48,991 | 41,827 | 132,448 | ||
| 61,740 | 22,835 | 84,575 | 90,818 |
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Banbridge Road Presbyterian Church Statement of Financial Position As at 31 December 2024
| 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 |
£ 2024 84,575 |
£ 2023 90,818 |
|---|---|---|
| 84,575 | 90,818 | |
| 84,575 | 90,818 | |
| 84,575 | 90,818 | |
| 84,575 | 90,818 | |
| 22,835 61,740 |
41,827 48,991 |
|
| 84,575 | 90,818 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Rev Gary Trueman Trustee
20 March 2025
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Banbridge Road Presbyterian Church Notes to the Financial Statements
For the year ended 31 December 2024
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)
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).
Going concern
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
| Donations received | Unrestricted funds £ 222,080 |
Restricted funds £ 32,888 |
2024 £ 254,968 |
2023 £ 229,193 246,979 |
|---|---|---|---|---|
| 222,080 | 32,888 | 254,968 |
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Banbridge Road Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2024
3. Income from charitable activities
| ncome from charitable activities | ||
|---|---|---|
| Restricted funds Restricted Missions and Charities Fund United Appeal General Missions Restricted Organisational Funds Organisations |
2024 £ 1,419 15,820 |
2023 £ 2,210 2,461 |
| 17,239 17,107 |
4,671 21,816 |
|
| 34,346 | 26,487 |
4. Income earned from other activities
| ncome earned from other activities | ||||
|---|---|---|---|---|
| Other Sources | Unrestricted funds £ 1,822 |
Restricted funds £ - |
2024 £ 1,822 |
2023 £ 898 |
| 1,822 | - | 1,822 | 898 |
5. Investment income
| Unrestricted funds Bank interest receivable Other investment income |
2024 £ 120 4,000 |
2023 £ 156 2,800 |
|---|---|---|
| 4,120 | 2,956 |
6. Costs of charitable activities by fund type
| Costs of charitable activities by fund type | ||||
|---|---|---|---|---|
| Donations and Legacies Support costs |
Unrestricted funds £ 121,420 130,118 |
Restricted funds £ - 49,961 |
2024 £ 121,420 180,079 |
2023 £ 110,352 140,812 |
| 251,538 | 49,961 | 301,499 | 251,164 |
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Banbridge Road Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2024
7. Costs of charitable activities by activity type
| Costs of charitable activities by activity type | ||||
|---|---|---|---|---|
| Support costs Donations and Legacies Restricted Missions and Charities Fund Restricted Organisational Funds Analysis of support costs Resources Expended Governance costs |
Activities undertaken directly £ 121,420 - - |
Support costs £ 130,118 24,701 25,260 |
2024 £ 251,538 24,701 25,260 |
2023 £ 212,411 15,891 22,862 |
| 121,420 | 180,079 | 301,499 | 251,164 | |
| Restricted Missions and Charities Fund £ 24,701 - |
Restricted Organisation al Funds £ 25,260 - |
2024 £ 49,961 130,118 |
2023 £ 38,753 102,059 |
|
| 24,701 | 25,260 | 180,079 | 140,812 |
8. Analysis of support costs
9. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trustees' remuneration | 54,158 | 51,579 |
| Trustees' pension contributions | 12,998 | 12,379 |
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Banbridge Road Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2024
10. Staff costs and emoluments
Total staff costs for the year ended 31 December 2024 were:
| Salaries and wages Social security costs Pension costs Total number of employees Comparative for the Statement of Financial Activities Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Total Expenditure on: Charitable activities Total funds carried forward Total funds brought forward Reconciliation of funds Net movement in funds Transfers between funds Total Other expenditure |
Unrestricted funds £ 195,573 - 897 2,956 |
2024 £ 100,962 7,460 12,998 |
2023 £ 83,658 7,114 12,379 |
|---|---|---|---|
| 121,420 | 103,151 | ||
| 2024 5 |
2023 5 |
||
| 5 | 5 | ||
| Restricted funds £ 33,620 26,487 1 - |
2023 £ 229,193 26,487 898 2,956 |
||
| 199,426 | 60,108 | 259,534 | |
| (185,314) (50,000) |
(65,850) - |
(251,164) (50,000) |
|
| (235,314) | (65,850) | (301,164) | |
| (11,784) | 35,785 6,042 11,784 |
- | |
| (47,672) | (41,630) | ||
| 96,663 | 132,448 | ||
| 48,991 | 41,827 | 90,818 |
11. Comparative for the Statement of Financial Activities
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Banbridge Road Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2024
12. Movement in funds
Unrestricted Funds
| General General Fund Unrestricted Funds - Previous year General General Fund |
Balance at 01/01/2024 £ 48,991 |
Incoming resources £ 228,022 |
Outgoing resources £ (205,154) |
Transfers £ (10,119) |
Balance at 31/12/2024 £ 61,740 |
|---|---|---|---|---|---|
| 48,991 | 228,022 | (205,154) | (10,119) | 61,740 | |
| Balance at 01/01/2023 £ 96,663 |
Incoming resources £ 199,426 |
Outgoing resources £ (235,314) |
Transfers £ (11,784) |
Balance at 31/12/2023 £ 48,991 |
|
| 96,663 | 199,426 | (235,314) | (11,784) | 48,991 |
Purpose of unrestricted Funds
General Fund
Charitable Activities
Restricted Funds
| Restricted Funds | |||||
|---|---|---|---|---|---|
| Boys Brigade BRYM Choir General Missions Fund Girls Brigade Lotsatots Presbyterian Women Property/Building Fund Sunday School United Appeal |
Balance at 01/01/2024 £ 3,483 847 846 7,332 7,927 1 405 19,352 1,634 - |
Incoming resources £ 3,346 3,361 137 15,820 7,050 581 2,565 32,888 67 1,419 |
Outgoing resources £ (4,932) (6,292) (131) (9,572) (10,003) (525) (2,631) (46,385) (745) (15,129) |
Transfers £ 1,750 4,738 - (11,337) 418 - - - 840 13,710 |
Balance at 31/12/2024 £ 3,647 2,654 852 2,243 5,392 57 339 5,855 1,796 - |
| 41,827 | 67,234 | (96,345) | 10,119 | 22,835 |
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Banbridge Road Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2024
Restricted Funds - Previous year
| 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 £ 2,658 2,280 950 6,936 7,574 8 1,422 12,829 1,128 - |
Incoming resources £ 6,550 5,226 1 2,462 6,792 514 1,619 33,620 1,114 2,210 |
Outgoing resources £ (5,725) (6,613) (200) (1,866) (6,439) (521) (2,736) (27,097) (628) (14,025) |
Transfers £ - (46) 95 (200)1 - - 100 - 20 1,815 |
Balance at 31/12/2023 £ 3,483 847 846 7,332 7,927 1 405 19,352 1,634 - |
| 35,785 | 60,108 | (65,850) | 11,784 | 41,827 |
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Banbridge Road Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2024
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 2024
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 £ £ 61,740 61,740 3,647 3,647 2,655 2,655 852 852 2,243 2,243 5,392 5,392 57 57 339 339 5,855 5,855 1,796 1,796 |
| 84,576 84,576 |
|
| 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 |
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Banbridge Road Presbyterian Church Detailed Statement of Financial Activities For the year ended 31 December 2024
| INCOME AND ENDOWMENT Donations and legacies Freewill Offering 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 |
£ 2024 222,080 32,888 254,968 1,419 15,820 2,565 3,346 7,050 137 67 3,361 581 34,346 1,822 1,822 120 4,000 4,120 |
£ 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 | ||
| 295,256 (39,768) (7,460) (54,158) (12,998) (7,036) (121,420) - - |
259,534 (32,079) (7,114) (51,579) (12,379) (7,201) |
|
| (110,352) (50,000) |
||
| (50,000) |
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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 2024
| 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 |
(15,129) (9,572) (2,631) (4,932) (10,003) (131) (745) (6,292) (526) (49,961) (1,035) (77,645) (19,181) (164) (145) (23,022) (5,480) (3,446) (130,118) |
(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) |
|---|---|---|
| (301,499) | (301,164) | |
| (6,243) | (41,630) |
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This page does not form part of the statutory financial statements