BallygowAn Prcsbytei'ian Church
StAtement of FinanciAI ActivitiC5
for the yeai. ended 31 December 2023
2023
Total
funds
2022
Total
funds
Unrestricted
fund
Resti'icted
fund
Endowment
fund
Notes
INCOME AND
ENDOWMENTS FROM
Donalions and legacies
166,383
44.430
210,813
195.798
ClIAritable activiti
Donations to Missions and
Chai'ities
Chai'itable Activities
Congregational running
expense5
8,250
8,571
8,250
12,731
4,630
5.908
4.160
1.200
1.200
Investment income
Other income
1,418
1,418
5.328
1,382
Total
184,622
5,328
239 740
202,500
EXPENDITURE ON
ChAritAble Activities
General A55etnbly Assessnients
Depi'eci&lion
Ministry & Support Staff Costs
Donations to Missions and
Charitie5
Chai'itable Activities
Congregational ninning
exp¢nses
Governan¢e Costs
15.912
11.569
140.411
15.912
11.569
140,411
20.466
21.755
125,720
7.500
17,113
7,500
20,638
7,425
11.986
3.525
18.218
26,357
44,575
41,574
6.243
TotAI
195364
246.334
235 169
NET
INCOMEI IIEXPENDITURE)
Transfers behyeen funds
(10,742)
(1.180)
5,328
2,001
(6,594)
(32,6691
16
Tr4et movement iii funds
(12,743)
(1,180)
7,329
(6.594)
132.669)
REI CONCILIATION Olf
FUNDS
Total funds brought forward
593,832
35,952
59,805
689,589
722,258
TOTAL fi UNDS CARRIED
FORWARD
581089
34.772
67.134
682,995
689,589
T]ie notes forin part of these financial slalem¢n15
Page 9

BHllygowAlI Pi'esbytQi'iRn Chui'cli
BAIAtJeo Sheet
31 Decembey 2023
2023
2022
Not¢s
FIXfi D ASSJITS
Tangibl¢ assets
Inv¢stment property
10
125.937
410,973
137,506
410,973
536,910
548,479
CURRENT ASSETS
Debtors
Investments
Cash at baiik
12
13
11.880
67,134
63.418
11.386
59,805
85.644
162,432
156,835
CREDITORS
Amounts falling due within on¢ year
14
{16.347)
(15.725)
NEIT CURRENT ASSETS
146.085
141.110
T(yfAL ASSETS LESS CURRCI NT
LIABILITIES
682,995
689,5B9
NET ASSETS
682,995
689,5B9
FUNDS
Unrestiicled fvnds
RestTleted fuiids
Endowin¢nt funds
16
581,089
34,772
67,134
593,B32
35,952
59,805
TOTAL IIUNDS
682,995
689,589
ancia
statements were approved by the Boaid of Trust¢w ai)d authoi'ised for issue on
aiid w¢iE signed on its behalf by..
TrusteE
Trustee
Tl)e LlOte5 Forin part of these financial slatemenls
Page10

Ballygowan Presbytei'ian Church
Notes to the fi inMneiAI Statements
for tlie year ended 31 Decembei. 2023
ACCOUNTIIYG POLICIES
Bxsis of prcpAI'ing the finAneial statements
The financial slatem¢iits of the chai'ity, which is a public benefit entity under FRS 102, have been prepayed in
ac¢oL'dance with the Charities SORP {FRS 102) 'A¢counting and Reporting by Charities.. Statement of
Recomniended Procliee applicable to ¢hai'ities preparing iheir accounts in ac¢ordance with the Financial
Repoiling Standard applicable in th¢ UK and Republic of Ireland {FRS 102) {eff¢ctive l January 2019),.
Financial Reporting Standard 102 'The FinRncial Repoitiiig Standai'd applicable in the UK and Republic of
li'eland, and the Charities Act (Northern Ii'eland) 2008. The financial statements liave been prepai'ed undei. the
historical c05t convention.
Income
All income is recognised in the Staiement of Financial Activities once the charity has entitlement lo the funds. it
is probable that the ii)come will b¢ I'eceived and th¢ amount can be measur¢d reliably.Gift aid ¢lain)s are
recognised in Il)e period to whicli they relate.
Expenditure
Liabilities al'e I'¢¢ognised as expenditvie as soon as there is a legal or constructive Dbligation comniitting the
charity to that expenditure. it is probable that a transf¢r of e¢oiiomic benefits will be i'equired in settlen)¢nt 2nd
the amounl of the obligation can be measured reliably. F.xpenditure is accounted for on an accruals basis aod has
been classifi¢d under headings that aggregate all cost related to the category. Where costs cannot be directly
Mttributed to paiticular headings they have been allo¢at¢d lo activities on a basis Consistent with the us¢ of
resources.
Tangible fixed Assets
All fixed assets are initially iecoi'ded at cost. The Ti'ustees will conduct an impairnient review when events or
circumstan¢¢s indicate that thc Carrying amount of fixed assets may not be I'ecoverable.
Depreciation is provided ai the following annual rates in ol'der to write off each asset OVeT its estimated useful
life.
Freehold propeity
Fixtui'¢s and fittings
- 20/0 on cost
IOO/• on cost
Investment propei'ty
Investment propei'ty is shown at Inost IE¢ent valuation. Any aggregate surplus or deficit arising froin changes in
fair value 15 re¢ognised in the Statement of Fii)ancial Activities.
TNxAtion
Ballygowan Pi'esbyterian Church is recognised as a ¢httrity for the purposes of applicable taxation legislation
and therefoi'e is not subject to tax on ils cl)aritsble activiti¢s. Tl)e charity is not I'egistered foi. VAT and resources
expended thei'efore include irrecoverable inpiit VAT
Fund accounting
Funds are cla55ified as either resti'ict¢d or unrestricted funds. defined as follows.
Restricted funds are fund5 subject to specific IEqUlI'ements a5 to tlieir us¢ which may be declared by the donor
with their authority or ci'eatBd through the legal pi'o¢ess, but still within the widei. objects of the charity.
Endowment funds are funds which have been giveii on the coiidilion that the oi'iginal capitol sum is not reduced,
but th¢ income there fi'om is used foi. the pu¥pose defined in accoi'dan¢¢ with the objects of the charity.
Pension ¢ostS And otliei- post-l'etii'enient benefits
The chol'ity operates a defined contribution pension sche]ng. Contributions payable lo the charity's pension
s¢h¢tne are charged lo tlie Siatemeiit of Financial Activiti¢S IJI the pel'iod to which they relate.
Page 11
eonlinued...

BfillygoivAn Pi'esbyteriHn Chui-ch
Note5 to the Finaiicinl Statements- eontinued
for tlie yeAr ended 31 December 2023
ACCOUNTING POLICIES- continued
Investments
Fixed ass¢1 investments are 5tat¢d at mai'ket valuc at the balance sheet dale. Unrealised gains and losses
repi'esent the difference between the market value at thc beRinning and end of the financial year or, if purchased
in the year, the difference between ¢ost and market valu¢ at the end pf th¢ y¢2r. Realised gains and losses
I'epresent the diff¢i'¢i)¢e between proceeds on disposal and the market value at the start of the year or ¢ost if
purchased in th¢ year.
DONATIONS AND LEIGACIES
2023
Total
runds
2022
Totsl
funds
Unrestricled
funds
Restri¢ted
funds
ndowment
funds
Freewill Offering
Building Fund
Stipcnd
United Appeal
Gift Sundays
Harvest Appeal
Donated services aiid
facilities
Orplian Society
World Development
App¢al
GA on small donations
Mod¢ralors Appeal
158,201
158.201
11.415
3,745
6.894
6,723
r8,906
147.998
9,169
2,995
7,013
4,783
18,473
11.415
3.745
6,894
6,723
18,906
450
450
246
620
142
246
246
246
3,987
142
2,195
3,987
166 383
210 813
195798
Ainounts above include gift aid of £30,976 {2022'.£27.9801.
INVESTiiqEKf INCOMIL
2023
Total
funds
2022
Total
fuThd5
Unresti'icted
fund5
Restricted
funds
Eiidowment
fuiids
Bequest Income
Page 12
continued...

BallygoivAn Pr¢sbyteriAn Church
Note5 to the fiinkneixl Slatemeiits- eontinued
foi. tlie yeai. ended 31 Deeembcr 2023
INCOME FROM CHARITABLE ACTIVITIES
2023
2022
Activity
Moldova trip
Donations to Missions and Charities
Grants
Cliaritable Activities
Indoor Bowling Club
Chai'itable Activities
Girls Bi'igade
Charitable Aotivities
Mother & Toddler Club
Chai'ilable Activities
PWA
Ch81'itable Activities
Badminton Club
Chai'ilable Activities
Wider World Magazine
Chai'itable Activities
Herald Magazine
ChRI'itable Activities
Use of Hall
Chai'itable Activities
Sale oi. Rentsl of Books etc.
Charitable Activities
Catering Corps
Chai'itable Activities
Other donations
Cl)ai'itable Activities
Cai. parking on Black Sunday Chai'itable Activities
Youth Mission
Chai'itable Activities
Boy's Brigade
Chai'itable Activities
Legacy
Cl)o1'itable Activities
A Nori'ie
Charitable Activities
Energy Scheme
Congregational running expen5¢S
8.250
4,630
300
600
500
100
100
200
336
465
1,452
32
600
500
200
100
200
343
504
1.440
81
5,000
758
66
885
250
200
250
200
2,000
555
422
22.181
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 6)
Direct
Costs
Totals
General Assembly Assessments
DepTcciation
Ministry & Support Staff Costs
Donations to Missions and Ch8ritie5
Charitable Activitie5
Congregational running ¢xp¢nses
Gov¢i'nance Costs
15,912
11,569
140,411
7,500
19,558
44.575
15,912
11,569
140,411
7,500
20,638
44,575
1,080
5.729
239.525
246,334
Page 13
continued...

BRllygowAii Pi'esbyterian Church
Notes to the FinaiiciAI SIAtements- Continued
ror the yeAr ended 31 Deeembei. 2023
SUPPORT COSTS
Governance
eost5
Finance
Totals
Chai'ilable Activilies
Govei'nance Costs
1.080
1.080
816
816
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, I'emuneration or other benefits for the yeai. ended 31 December 2023 nor for the yeai.
ended 31 Deeeniber 2022.
'rrustees' expenses
There wei'e DO trus¢ee5' expenses paid foi. the year ended 31 Deceiiiber2023 nor for the year ended
31 December 2022.
STAFF COSTS
2023
2022
Wages and salaries
Social security cost5
Othcr pension cost5
123,785
5,903
10.723
115,540
5,800
140 411
131553
The avei'age monthly number of employees during the year was as follows..
2023
2022
Number of niinislerial staff
Numbei. of adniini5tTative staff
No employees r¢¢eived ernoluinents in ex￿55 of £60,000.
Page 14
continued...

Ballygoivlln Presbytei'lAn Chlll'ch
Notes to the Financi¥LI St8tements- continued
for the year ended 31 December 2023
COMPARATIVEI S FOR THE STATEMENT op fi INANCIAL ACTJVITIES
Uni'estricted
Restricted
fund
fund
Endowrnent
nd
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
156,076
39,722
195,798
ChAI'iIAble aetivities
Donations to Missions and Charities
Charitable Activities
4,630
1,223
4,630
5,908
4,685
Inveslment income
other incotne
1,382
1,382
5,218
TotRI
162 143
45,575
5,218
202,500
EXPENDITURE ON
Chlli'itllble Activities
General Assembly Assessments
Depi'eciation
Mini5ti'y & Support Staff Costs
Donations to Missions and Chai'ities
Charitable Activities
Congregational I'unning expenses
Gov¢rnance Costs
20,466
21,755
125.720
125
4,349
13,406
20,466
21.755
125,720
7,425
11,986
41,574
6,241
7,300
7.637
28.168
TotAI
192,064
235,169
NET INCOMEI(EXPENDITURE)
(29,921)
2,470
(5,218)
(32.669)
RECONCILIATION OF FUIYDS
Total funds brought forward
623.753
33.482
65,023
722,258
TOTAL FUNDS CARRIED f4ORWARD
593.832
689,589
Pag¢ 15
coi)tiiiued..-

BAllygoivan Pi'esbyteriHn Church
Notes to tlie FinAncial StHtements- tontinued
ror the yQAr ended 31 December 2023
io.
TANGIBLE FIXED ASSETS
Fixtures
and
rittings
Freehold
property
Totals
COST
At l January 2023 and 31 December 2023
484 280
145.194
629,474
DEPRECIATION
At l January 2023
Charge for year
354,403
137,565
2.254
491,968
11.569
At 31 Dec¢niber 2023
363.718
139.819
503 537
NET BOOK VALUE
At 31 December 2023
120 562
125,937
At 31 Decembw2022
129 877
137,506
The Trustees consideT that legal title to all of the land and property comprised in the underlying decds Telating to
the various lands held al'e ultimat¢ly held under the mcmbership of the Education Board of the Down Presbytery
as the Holding Trustees in relation lo Ilie title of the Church's propeities.
The property is held at cost less acCumula￿d depreciation. The Trust¢es are of the opinion that this is an
appropriate valuation.
INVESTMENT PROPERTY
FAIR VALUE
At l Janii•ry 2023
and 31 De¢ember 2023
410973
NET BOOI< VALUE
At 31 Dec¢mber 2023
410 973
At 31 De¢embei' 2022
410,973
Investment property relates to the ¢hurch nian5e owned by the charity and is included at its depreciated cost 85 at
31 December 2021. The Irustets al'e of the opinion that this 15 an appropriate carrying value as at 31 December
2023.
Page 16
continued...

BAllygoiv#n Presbyterifin Church
Notes lo the FinanciHI Statements- coiitinued
foi. tlie yeRr ended 31 Decembei. 2023
12.
DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Tax refunds from HMRC
Donations due
Pi'epaymeT)ts and accrued income
9,716
1.100
1,064
7.493
750
1,386
13.
CURRENT ASSEI T INVESTMENTS
2023
2022
Bequest InV￿tmentS
Bequest deposit a¢¢ount
65,568
1.566
58,244
1,561
59.805
The Bequest investments are held in the genei'al investment fvnd of the Presbyl¢i'ian Church in Ireland for
designated endowment fund PUTPOS¢S and compi'i5e 5haTes in the Genera Inv¢slment Fund.. Th¢ assets are
included in the financial stalement5 at market value having been restated in lirie with the Staten)ent of
Recominended Practice. These invcstm¢nts weir bequested lo the Chui'cli and thtt capital sums cannot be used
for general purpos¢s. The incomB can be used for the pui'poses set out in accordat]ce with the bequest tcrms.
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Other creditors
15,725
Other creditors include a loan from a member of the congregation of £1 000 which is un5e¢ui'ed, interest free and
repayable on dcmand.
15.
ANALYSIS OF NET ASSETS BETWEEF4 FUNDS
2023
Total
funds
2022
Total
funds
Unresti'icted
fund
Restt'icted
fund
Endowmcnt
fund
Fixed assets
Inve5tm¢nls
Curront assets
Curi'eiii liabilities
125,937
410,973
52,526
8,347)
125,937
410,973
162,432
16 3471
137.506
410,973
156,835
15.725
42,772
67.134
581.089
682.995
689 589
The unrestTi¢led fund5 1'epi'¢5enl the free funds of the churcli whi¢l) al'e not dosignaled foi. particu5ar PUTP05es.
The reslricled flind5 have been Set up to #ssist in identifying those funds that are not free fuiids and it is
rcpres¢nted by baiik accounts held {£42.772) less Soans froin members of thc Gongregation {£I.000). and Ui)ited
Appeal ¢onlributioiis payable (£7.000).
Page 17
¢onlinued...

BallygoiYRn Pi'c5byteriRn Chui'ch
Notes to the fi inHNcial Statements- continued
roi. the yeai, ended 31 Deeembei. 2023
16.
MOVEMENT IN FUNDS
Net
movem¢nt
in hnds
Transfers
between
funds
At
31112123
At 111123
Uniistricted funds
General fund
593,832
(10,742)
(2.001)
581.089
Re$ti'icted funds
Restricted income funds
35,952
(1,180)
34,772
Endowment funds
Endowment
59,805
5,328
2.001
67.134
TOTAL FUNDS
689,589
682 995
Net moveincnt in funds, included in the above are as follows:
Incoming
resources
Resource5
expended
Movement
in funds
Unrestrlcted funds
General fund
184,622
(195,364)
{10.742)
Re5trieted funds
Rtslricted incoine funds
49,790
(50,970)
(1,180)
ndowment funds
Ertdowment
5.328
5,328
TOTAL FUNDS
239,740
246,334)
cOmpar￿tIveS foi. movement in funds
Net
movement
in fund&
At
31112122
At111122
Uni'estricted funds
G¢n¢i'al fund
623,753
(29,921)
593,832
Restricted funds
Restricted incoine funds
33,482
2,470
35.952
Endoivment funds
Endowm¢Dt
65.023
{5.218)
59.805
TOTAL FUNDS
722.258
32 669)
689.589
Page 18
¢ontinued...

BallygoiwRn Presbytei'ian Church
Notes to tlie FinRnclal Statements- contiiiued
for the yeAr ended 31 December 2023
16.
MOVEMENT IN FUNDS- continued
Compai'alive net movement in funds, included in the above are as follow5..
Incomin¥
resouires
Resources
expended
Movcment
iii funds
Unrestricted funds
General fund
162,143
{192,064)
(29,921)
Restrleted funds
Restricted incon)e funds
45,575
(43.105)
2,470
I ndoivment funds
Endowment
{5.218)
{5.218)
TOI'AL fiUNDS
202 500
235,169
32 669)
A current year 12 montlis and prior year 12 months combined posilion is as follows..
Nel
movement
in fund5
Transfers
between
funds
At
31112r23
At 111122
Unrestrict¢d fund$
General fund
623,753
(40.663)
(2.001)
581,089
Restricted funds
Restricted income funds
33,482
1.290
34.772
Endoivment funds
Ei)dowment
65.023
110
2,001
67,134
TOTAL fiUNDS
722,258
682 995
Page 19
coiitiiiued..

BollygowAn Presbytei'iin Chul'ch
Notes to the fi Snancial Statements- continued
for the yeAr ended 31 December 2023
16.
MOVEMENT IN FUNDS- eontinued
A current year 12 Inontlis and prior yeaT 12 moiiihs ¢ombined net movement in funds, included in the above are
as follows:
Incoming
resources
Resources
expended
Movement
in fund5
Unrcstrieted funds
General fvnd
346,765
(387,428)
(40,663)
Restricted fund5
Restricted inconie funds
95,365
(94,075)
1.290
Endoivment funds
Endowment
iio
110
T(YfAL FI UNDS
442 240
4815031
39263)
Transfei's between funds relate to the reclassification of c￿'tain prior year expenditure from unresti'icted to
reslrieted fui)ds
17.
RELATED PARTY DISCLOSURES
The Trustees, report includes a deseriplion of various oi'ganisations affiliated to the church. The financial
traii$8etions and affairs of all oi. any of these oi'ganisations are outside the s¢ope of these finai)cial stalements
and none of the fuiid5 or assets held by these organisations are included in these financial a¢counts.
Page 20

BAllygoiYRn Pi'esbyterian Church
Detailed Statement of Financial Activities
foi. the yeai. ended 31 Decembei. 2023
2023
2022
INCOME AND ENDOWMENTS
DonAtions And legacies
Freewill Offering
Building Fund
Stipend
Unitcd Appeal
Gift Sundays
14arvest Appeal
Donated s¢ivi¢es and facilities
Orphan So¢i¢ty
World Development Appeal
GA oil small donations
Modei'ators Appeal
158,201
1,415
3,745
6.894
6,723
18.906
450
246
246
3,987
147.998
9.169
2,995
7,013
4,783
18,473
620
142
142
2,195
210,813
195,798
Investment income
Bequest Inconie
1,418
1,382
Charitable Activities
Grants
Indoor Bowliiig Club
Girls Brigade
Mother & Toddlei. Club
PWA
Badniintoi) Cliib
Wider Woi'ld Magazine
Herald Magazine
Use of Hall
Sale or Rental of Books ¢t¢.
Cateriiig Coi'ps
oihcr donations
Moldov2 trip
Car parking on Black Sunday
Youth Mission
Boy's Brigade
Legacy
A Nori'i¢
Enei'gy Scheme
300
600
soo
100
100
200
336
465
1,452
32
600
500
200
loo
200
343
504
1.440
81
5,000
758
,250
66
4.630
885
250
200
250
200
2,000
555
422
22,181
10.538
Olliei. income
Unrealised gain I loss on investment
5.328
5,215)
TotAI incomiiig resoiii'ces
239.740
2Q2,500
This page does not forin part of the statutory financial slalenients
Page21

BAllygowan Presbytei'ian Chui'eh
Detailed StAlement of fi iiianciAI ActiYitlCS
for the year ended 31 Decembei. 2023
2023
2022
I XPENDITURE
Charitable Activities
Wages
Social se¢urity
Pensions
Rates and watei.
Insurance
Light and heat
Teleplion¢
Postage and stationery
Sundries
Pulpit Supplies
123,785
5,903
10,723
911
6,017
15,973
580
3,839
17,113
1,289
115,540
5,800
10,213
569
5,550
13,751
677
3,736
12,871
1,323
I i!
Down Pi'esbytery Fees
United Appeal
General Mainlenance
Manse Rates
Orphan Society
Woi'ld Development Appeal
Church magazines
Children & youth ministries
PayJnents undei. a55embly assessments
UCB wol'd of tli¢ day
Daily Bread Ministries
D¢pTeci8tion of tangible fixed assets
1.068
7,000
13,225
1.673
250
250
1.281
1,664
15,287
75
50
936
7,000
13,458
1,573
550
150
1,282
2,840
14,635
75
50
11.731
239.525
223,910
Support costs
riinAnce
Bank ¢hai'ges
816
776
Governance costs
A¢coiintancy and legal fees
10.483
Total resoui'ces expended
246 334
235,169
Net expenditui'¢
32.669)
Tliis page does not form parl of the statutory finRllcial statcments
Page 22