# **BALLYGOMARTIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND** 

# **Statement of Financial Activity (Receipts and Payments Account) for the year ended 31 December 2023** 

**Registered Charity in Northern Ireland (NIC105294)** 

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## **BALLYGOMARTIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023** 

||**Note**|**Unrestricted**<br>**Funds**|<br>**Restricted**<br>**Funds**|**Endowment**<br>**Funds**|<br>**Total 2023**|**Total 2022**|
|---|---|---|---|---|---|---|
|**Receipts**||**£**|**£**|**£**|**£**|**£**|
|Donations and legacies|2|56770|3037|0|59807|59027|
|Charitable activities|3|0|0|0|0|0|
|Other tradingactivities|4|0|0|0|0|1200|
|Investment Income|5|1785|0|0|1785|182|
|Other|6|0|0|0|0|0|
|Organisations||0|16570|0|16570|11312|
|||58555|19607|0|78162|71721|
|Sale of Investments||0|0|0|0|0|
|Sale of fixed assets -Lecture Hall||0|0|0|0|190000|
|Loans Received||0|0|0|0|0|
|**Total Receipts**||58555|19607|0|78162|261721|
|**Payments**|||||||
|Raisingfunds|7|280|0|0|280|280|
|Charitable activities|8|137806|10549|0|148355|68236|
|Investment costs||0|0|0|0|0|
|Other|9|0|0|0|0|0|
|Organisations||0|12224|0|12224|9061|
|||138086|22773|0|160859|77577|
|Purchase of Investments||0|0|0|0|0|
|Purchase of fixed assets||0|0|0|0|0|
|Loan Repayments||0|0|0|0|0|
|**Total Payments**||138086|22773|0|160859|77577|
|Net receipts/ (payments)||-79531|-3166|0|-82697|184144|
|Transfers between funds||-4507|4507|0|0|0|
|Net movement in funds||-84038|1341|0|-82697|184144|
|Funds brought forward||251086|8107|0|259193|75049|
|Funds carried forward|12|167048|9448|0|176496|259193|



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## **BALLYGOMARTIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES** 

## **As at 31 December 2023** 

|**Assets & Liabilities**||**Unrestricted**<br>**Funds**|<br>**Restricted**<br>**Funds**|**Endowment**<br>**Funds**|<br>**Total Funds**<br>**2023**|**Total Funds**<br>**2022**|
|---|---|---|---|---|---|---|
|**Funds Reconciliation**||£|£|£|£|£|
|Bank and Cash at start ofyear||251086|8107|0|259193|75049|
|Net movement in funds||-84038|1341|0|-82697|184144|
||||||||
|Bank and Cash at end ofyear||167048|9448|0|176496|259193|
||||||||
|**Bank & Cash Balances**|||||||
|Bank Deposit Accounts|||||85000|0|
|Bank Current Accounts|||||82048|251086|
|Cash in Hand|||||115|135|
|Bank Current A/C's - Organisations|||||8993|7577|
|Cash in Hand - Organisations|||||340|395|
||||||176496|259193|
|**Other Assets**|||||||
|Fixed Assets(usinginsurance values)|||||||
|Church Premises|||||1608101|1528613|
|Manse Premises|||||360015|342220|
|Fixtures, Fittings & Equipment<br>(included above)|||||||
|Vehicles|None||||0|0|
|Investments|None||||0|0|
|Gift Aid receivable on donations|||||8830|8835|
||||||2153442|2138861|
|**Liabilities**|||||||
|Loans|||||0|0|
|Other|||||0|0|
||||||0|0|



Approved by the Kirk Session at a meeting on 17[th] March 2024 and signed on its behalf by 

[Name] WESLEY MCCREEDY [Date] 17[th] MARCH 2024 

[Name] RAYMOND CUMMINS [Date]               17[th] MARCH 2024 

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## **BALLYGOMARTIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS** 

## **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. 

Restricted 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**<br>**& Legacies**||**Unrestricted**<br>**Funds**|<br>**Restricted**<br>**Funds**|**Endowment**<br>**Funds**|<br>**Total 2023**|**Total 2022**|
|---|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|**£**|
|Recordedgivings||42962|1820|0|44782|41930|
|Loose collections||3430|0|0|3430|3158|
|Donations andgifts||1675|1217|0|2892|5991|
|Gift Aid||8703|0|0|8703|7948|
|Legacies and bequest||0|0|0|0|0|
||||||||
|||56770|3037|0|59807|59027|



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## **BALLYGOMARTIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023** 

## **3. CHARITABLE ACTIVITIES** 


**----- Start of picture text -----**<br>
Unrestricted  Restricted  Endowment<br>3. Charitable Activities Total 2023 Total 2022<br>Funds Funds Funds<br>£ £ £ £ £<br>Income from charitable activities 0 0 0 0 0<br>Fees from weddings and funerals 0 0 0 0 0<br>Fundraising events 0 0 0 0 0<br>HMRC - Covid Furlough scheme 0 0 0 0 0<br>Grants - UM Trust 0 0 0 0 0<br>0 0 0 0 0<br>**----- End of picture text -----**<br>


## **4. OTHER TRADING ACTIVITIES** 


**----- Start of picture text -----**<br>
Unrestricted  Restricted  Endowment<br>4. Other Trading Activities Total 2023 Total 2022<br>Funds Funds Funds<br>£ £ £ £ £<br>Letting of premises 0 0 0 0 1200<br>Trading income 0 0 0 0 0<br>0 0 0 0 1200<br>**----- End of picture text -----**<br>


## **5. INVESTMENT INCOME** 

|**5. Investment Income**||**Unrestricted**<br>**Funds**|<br>**Restricted**<br>**Funds**|**Endowment**<br>**Funds**|<br>**Total 2023**|**Total 2022**|
|---|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|**£**|
|Deposit interest||1785|0|0|1785|182|
|General Investment Fund||0|0|0|0|0|
|Rents investmentproperties||0|0|0|0|0|
|Other investment income||0|0|0|0|0|
||||||||
|||1785|0|0|1785|182|



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## **BALLYGOMARTIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2023** 

## **6. OTHER INCOME** 


**----- Start of picture text -----**<br>
Unrestricted  Restricted  Endowment<br>6. Other Income Total 2023 Total 2022<br>Funds Funds Funds<br>£ £ £ £ £<br>Insurance claims 0 0 0 0 0<br>Other income 0 0 0 0 0<br>0 0 0 0 0<br>**----- End of picture text -----**<br>


## **7. RAISING FUNDS** 


**----- Start of picture text -----**<br>
Unrestricted  Restricted  Endowment<br>7. Raising Funds Total 2023 Total 2022<br>Funds Funds Funds<br>£ £ £ £ £<br>FWO envelopes 280 0 0 280 280<br>Fundraising events 0 0 0 0 0<br>280 0 0 280 280<br>**----- End of picture text -----**<br>


## **8. CHARITABLE ACTIVITIES** 

|**8. Charitable Activities**||**Unrestricted**<br>**Funds**|<br>**Restricted**<br>**Funds**|**Endowment**<br>**Funds**|<br>**Total 2023**|**Total 2022**|
|---|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|**£**|
|General AssemblyAssessments||10787|0|0|10787|8914|
|Presbyteryfees||456|0|0|456|536|
|Ministryand support staff costs||34979|0|0|34979|25308|
|Congregational runningexpenses||14055|1192|0|15247|25829|
|Church HeatingProject||77529|0|0|77529|0|
|Donations to Missions and charities||0|9357|0|9357|7649|
|Governance costs||0|0|0|0|0|
||||||||
|||137806|10549|0|148355|68236|



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## **BALLYGOMARTIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2023** 

## **9. OTHER EXPENDITURE** 


**----- Start of picture text -----**<br>
Unrestricted  Restricted  Endowment<br>9. Other Expenditure Total 2023 Total 2022<br>Funds Funds Funds<br>£ £ £ £ £<br>Investment Properties Expenses 0 0 0 0 0<br>0 0 0 0 0<br>**----- End of picture text -----**<br>


## **10. FIXED ASSETS** 

The congregation owns: 

- the Church premises situated at 132-140 Ballygomartin Road, BELFAST BT13 3NA and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,608,101 

- a Manse at 14 Lyndhurst View Avenue, BELFAST BT13 3XB (for the minister) and associated fixtures, fittings and equipment: these have an insurance value of £360,015 

## **11. INVESTMENTS** 

The congregation has the following investments. Amounts are shown at market valuation. 


**----- Start of picture text -----**<br>
11. Investments 2023 2022<br>£ £<br>General Investment Fund 0 0<br>Property 0 0<br>Other investments 0 0<br>0 0<br>**----- End of picture text -----**<br>


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## **BALLYGOMARTIN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND** 

## **NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2023** 

## **12. FUND BALANCES** 

|**12. Fund Balances**||**Balance at**<br>**Start**|<br>**Receipts**|**Payments**|**Surplus /**<br>**(Deficit)**|**Transfer**|**Balance at**<br>**End**|
|---|---|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|**£**|**£**|
|**Unrestricted Funds**||||||||
|General Fund||66075|58555|138086|-79531|180504|167048|
|Proceeds from sale of Hall||185011|0|0|0|-185011|0|
|||||||||
|||251086|58555|138086|-79531|-4507|167048|
|||||||||
|**Restricted Funds**||||||||
|United Appeal||0|1820|4891|-3071|3071|0|
|Other Missions & Charities Fund||0|590|4466|-3876|3876|0|
|Wider World/Herald||0|132|132|0|0|0|
|Coach Tour||0|430|975|-545|545|0|
|Flower Fund||135|65|85|-20|0|115|
|**Organisations**||7972|16570|12224|4346|-2985|9333|
|**TOTAL FUNDS**||8107|19607|22773|-3166|4507|9448|
|||||||||
|**Endowment Funds**||||||||
|None||0|0|0|0|0|0|
|**TOTAL FUNDS**||259193|78162|160859|-82697|0|176496|
|||||||||




**----- Start of picture text -----**<br>
Valuation  Revaluation  Valuation at<br>at Start Increase End<br>General Investment Fund 0 0 0<br>0 0 0<br>**----- End of picture text -----**<br>


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