Ballygoivan Presbyterian Church
Statement of Financial Activities
for the year ended 31 December 2024
2024
Total
nds
2023
Total
nds
Unrestricted
fund
Restricted
fund
Endowment
nd
Notes
INCOIVIE AND
ENDOWMENTS FROM
Donatlons and legacies
161,821
44,058
205,879
210,813
Charitable activities
Donations to Missions and
Charities
Charitable Activities
Congregational running
expenses
4,600
12,673
4,600
21,952
8,250
12,731
9.279
1,200
Investment inconie
Othei. income
1,899
1.899
3.108
1.418
5,328
3,108
Total
180,993
53,337
3.108
237,438
239,740
EXPEM)ITURE ON
Charitable activities
General Assembly Assessments
Dcpreciation
Ministry & Support Staff Costs
Donations to Missions and
Charities
Charitable Activities
Congregational running
eApenses
Governance Costs
15.797
11,514
126,330
15,797
11,514
126,330
15,912
11,569
140,411
8,000
15,444
8.000
17,893
7.500
20,638
2.449
19,937
10.782
23,194
43,131
10.782
44,575
5,729
Total
186,809
46.638
233.447
246,334
NET
INCOMEI(EXPENDITURE)
Transfers between funds
(5,816)
(6,887)
6,699
6,889
3,108
(2)
3,991
(6,594)
16
Net movement in funds
(12,703)
13,588
3,106
3.991
(6,594)
RECONCILIATION OF
FUNDS
Total funds bi"ought fonvard
581,089
34,772
67,134
682,995
689,589
TOTAL fuNDS CARRIED
FORWARD
568,386
48,360
70,240
686,986
682,995
The notes form part of these financial statements

Ballygow2n Presbyterian Church
Balance Sheet
31 December 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
Investment property
10
114,423
410,973
125,937
410,973
525.396
536,910
CURRENT ASSETS
Debtoi's
Investments
Cash at bank
12
13
13,063
70,240
93,060
11,880
67.134
83,418
176,363
162,432
CREDITORS
Aniounts fallino due within one year
14
{14.773)
(16,347)
NET CURRENT ASSETS
161,590
146,085
TOTAL ASSETS LESS CURRENT
LIABILITIES
686,986
682.995
NET ASSETS
686,986
682,995
FUNDS
Unreslricled ￿ndS
Restricted funds
Endowment ￿ndS
16
568,386
48.360
70,240
581,089
34,772
67.134
TOTAL FUNDS
686,986
682,995
The financial statements were approvcd by the Board of Trustees and authorised for issue
2.0. l.?..1..2.o.*.f.... and were signed on its behalf by..
on
Trustee
Trustee
The notes form part of these financial statements
Page 10

Ballygoivan Presbyterian Church
Note5 to the Financial Statements
for the year ended 31 December 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, wliich is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounting and Reportiilcr by Charities.. Statement of
Recommended Practice applicable to ¢haritleS PTepaiing their accounts in accoTdance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),,
Finaiicial Reporting Staiidard 102 'The Financial Repoi'ting Standard applicable in the UK and Republic of
Ireland, and the Charities Act (Northern Ireland) 2008. The financial statements have been prepared under the
historical cost convention.
Income
All income is recognised in the Statement of Financial Activities onc¢ the ¢harity has enlitl¢menl to the ￿nds, it
is probable that the iiicoine will be i'eceived and the amount can be measured reliably. Gift aid claims are
recognised in the period to which they relate.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the
charity to that expenditure, it is probable that a trdnsfei- of economic benefits will b¢ required in settlement and
the amount of the obligation can b¢ measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost i-elaled to the category. Whei-e costs caiinol be directly
2¢tributed lo particular headings they have been allocated to activities on a basis consistent with the use of
resoui'ces.
Tangible fixed assets
All fixed assets are initially recorded at cost. The Trustees will conduct an impairment review when events or
circumstances indicate that the canrying amount of fixed assets rnay not be recoverable.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Freehold property
Fixtures and fItCings
20/0 on cost
IOO/o on cost
InvestTnent property
Investment property is shown at niost recent valuation. Any aggiegate swylus or deficit arisin8 from change5 in
fair value is recogniscd iii the Stalenient of Financial Activities.
Taxation
Ballygowan Presbyterian Cliurcli is recognised as a charity for the purposes of applicabl¢ taxatioii legislation and
therefore is not subject to lax on its charitable activities. The charity is not I'egistered foi. VAT and resources
expended therefore include ii-recoverabl¢ input VAT
Fund accounting
Funds al'e classified as either restricted or unrestricted ￿nds, defined as follows.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor
with their authority or created through the legal process, but still within the wider objects of the charity.
Endowment funds are ￿ndS which have been given on the Coiidition that the original capital sum is not reduced,
bul the iiicon]e there froill is used for the purpose defined in accordance with the objects of the charity.
Pension costs and other post-retirement benefits
The charity operates a defined coiitribution pension scheme. Contributions payable to the charitys pension
scherne are charged to the Statenient of Financial Activities in the pei'iod to which they i-elale.
Page 11
conlinued.-.

Ballygoivan Presbyterian Church
Notes to the Fillancial Statements - continued
for the year ended 31 December 2024
ACCOUNTING POLICIES- continued
Investments
Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent
the difference beNve¢ii the rnarket value at the beginning and end of the financial year or, if purchased in the
year, the diffei-ence between cost and market value at the end pf the yeai.. Realised gains and losses i'epresent the
difference betweeii proceeds on disposal and the niarket value at the start of the year or cost if purchased in the
year.
DONATIONS AND LEGACIES
2024
Total
nds
2023
Total
funds
Unrestricted
funds
Restricfrd
funds
EndoNvrnent
funds
Freewill Offering
Building Fund
Stipend
United Appeal
Gift Sundays
Harvest Appeal
Donated seivices and
facilities
Orphan Society
World Development
Appeal
GA on small doiialions
154,323
154.323
12,531
2.755
7,235
4,566
19,340
158.201
11,415
3.745
6,894
6,723
18,906
12,531
2,755
7,235
4,566
19.340
670
670
193
450
246
193
193
193
4,073
246
1.987
4,073
161,821
44,058
205,879
210,813
Amounts above include gift aid of £29,894(2023..£30,976).
INVESTMENT INCOME
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
fuiids
Endowment
funds
Bequest Income
1,899
1,899
1,418
Page 12
continued...

Ballygoivan Presbyterian Church
Notes to the Financi31 Statements - continued
for the year ended 31 December 2024
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Donations to Missions and Charities
Chai-itable Activities
Chai'itable Activities
Chai'itable Activities
Chaiitable Activities
Charitable Activities
Chai-itabl¢ Activities
Chai'itable Activities
Cliarit2ble Activities
Charitable Activities
Charitable Activities
Ch21-itable Activities
Charitable Activities
Charitable Activities
Charitable Activities
Chai-itable Activities
Chaiitable Activities
Charitable Activities
Charitable Activities
Congregational iunning expenses
Moldova trip
Indoor Bowling Club
Girls Brigade
Mother & Toddler Club
PWA
Badminton Club
Wider World Magazine
Hei-ald Magazine
Use of Hall
Sale or Rental of Books el¢.
Catering Corps
Other donations
Youth Mission
Boy's Brigade
Legacy
A Norrie
New Elders Service
A Martin collection
G McBride bench
Energy Scheme
4,600
600
500
200
loo
150
336
560
3.077
54
7,000
245
8,250
600
500
200
loo
200
343
504
1.440
5.000
758
250
200
2.000
555
250
5,000
497
2,195
1,188
1,200
26,552
22.181
CHARITABLE ACTIVITIES COSTS
Support
Costs (se¢
note 6)
Direct
Costs
Totals
Geiieral Assembly Assessments
Depreciation
Ministry & Suppoi't Staff Costs
Donations lo Missions and Charities
Charitable Activities
Con￿"egatIOnal running expenses
Governance Costs
15,797
11,514
126,3)0
8,000
17,893
43,131
15,797
11,514
126,330
8,000
17,893
43.131
10,782
10,782
222,665
10,782
233,447
Page 13
continued...

Ballygoivan Presbyterian Church
Notes to the Financial Statements- continued
for the year ended 31 December 2024
SUPPORT COSTS
Governance
costs
Finaiice
Totals
Governance Costs
746
10,036
10,782
TRUSTEES, REMUNERATION AND BENEFITS
There wei'e no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year
ended 31 Dec¢mber 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended
31 December 2023.
STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Other pension Costs
108.882
6,189
11,259
123,785
5,903
10,723
126,330
140,411
The average monthly iiumber of employees during the year was as follows..
2024
2023
Number of ministerial staff
NiiD]b¢r of administrative staff
No eniployees received emolurnenls in excess of £60.000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTtVlTIES
Unrestricted
Restricted
fund
fund
Endowm¢nt
nd
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
166.383
44.430
210,813
Charitable activities
Donations to Missions and Cliarities
Charitable Activities
Congregational rnnning expenses
8,250
8.571
8.250
12,731
1,200
4.160
1,200
Investment income
Other income
1,418
1.418
5.328
5,328
Total
184,622
49,790
5,328
239.740
Page 14
continued.

Ballygoivan Presbyterian Church
Notes to the Financial Statements- continued
for the year ended 31 December 2024
COMPARATIVE, S FOR THE STA TEMENT OF FINANCIAL ACTIVITtES - continued
Unrestricted
Restricted
Endowment
nd
fund
fund
Total
nds
EXPENDITURE ON
Charitable activities
Genei-al Assenibly Assessments
Depreciation
Ministy & Suppoi't Staff Costs
Donations to Missions and Charities
Charitable Activities
Con(ri-egational running expenses
Govei"nance Costs
15,912
11,569
140,411
15,912
11,569
140,411
7,500
20,638
44,575
5,729
7,500
17,113
26,357
3,525
18,218
5,729
Total
195,364
50,970
246,334
NET INCOMEI(EXPENDITURE)
Transfers between funds
(10,742)
(2.001)
(1,180)
5,328
2,001
(6,594)
Net movement in funds
(12,743)
(1,180)
(6,594)
RECONCILIA TION OF FUNDS
Total funds bi'ought forward
593.832
35,952
59,805
689,589
TOTAL FUNDS CARRIED FORWARD
581,089
34,772
67,134
682.995
io.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Totals
COST
At l January 2024 and 31 December 2024
484,280
145.194
629,474
DEPRECIATION
Al l January 2024
Charge for year
363,718
9,262
139,819
2,252
503,537
11,514
At 31 Deceinber 2024
372,980
142.071
515,051
NET BOOK VALUL
At 31 Decembei. 2024
111,300
3,123
114,423
At 31 December 2023
120,562
5,375
125.937
The Trustees consider that leoal title to all of the land and property comprised in the underlying deeds relating to
the various lands held are ultirnately held under th¢ membei"sliip of the Education Board of the Down Presbytery
as the Holding Truste¢s in relation to the title of the Church's propei'ties.
The pi'operty is held at cost less accutnulated depreciation. The Trustees are of the opinion that this is an
appropriate valuation.
Page 15
continued...

Ballygoivan Presbyterian Chureh
Notes to the Financial Statements- continued
for the year ended 31 December 2024
INVESTMENT PROPERTY
FAIR VALUE
At l January 2024
and 31 D¢cember 2024
410,973
NET BOOK VALUE
At 3 L December 2024
410.973
At 31 Deceinber 2023
410.973
Investment property i'elate5 to the church manse owned by the charity and is included at its depreciated cost as at
31 December 2021. The trustees are of the opinion that this is an appropriate carrying value as at 31 December
2024.
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Tax refiinds from HMRC
Donations due
Prepayments and accrued income
7,606
1,689
3.768
9,716
1,100
1.064
13.063
11,880
13.
CURRENT ASSET INVESTMENTS
2024
2023
Bequest Tnvestments
Bequest deposit account
68,668
1,572
65.568
1.566
70,240
67,134
The Bequest investments are held in the General Investn)ent Fund of the Pi-csbylei-ian Church iii Ireland for
designated endowment fiLnd purposes and coinpri5e shares in the General Investment Fund.. The assets are
included iii the financial statements at niarket value havii)g been restated in line with the Sialement of
Recommended Practice. These investillenls were bequested to the Church and the capital sums cannot be used
for general purposes. The income can be used for the puiyoses set out in accoi-dance with the bequest terms.
Paoe 16
continued..

Ballygoiv2n Presbyteri4n Church
Notes to the Financial Statements- continued
for the year ended 31 December 2024
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other creditors
14,773
16.347
Other creditoi-s include a loan from a member of the coiigregation of £1 000 which is unsecui-ed. interest fl'ee and
repayable on demand.
15.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
To121
funds
2023
Total
funds
Unrestricted
fund
Restricted
fimd
Endowment
fund
Fixed assets
Investments
Current assets
Current liabilities
114,423
410,973
49.263
(6,273)
114,423
410,973
176,363
(14.773)
125,937
410,973
162,432
(16,347)
56,860
(8.500)
70.240
568,386
48.360
70,240
686,986
682,995
The U￿eS￿'Z¢ted funds represent the free funds of the church which are not designated for paiticular purposes.
Th¢ restricted funds have been set up to assist in identifying those ￿ndS that are not free ￿ndS and it is
represented by bank accounts held (£49,971) less loans from rnembers of the congregation (£1,000), and United
Appeal contributions payable (£7,500).
16.
MOVEMENT IN FUNDS
Net
movement
in fuiids
Transfers
belweeii
funds
Al
31112124
At 111124
Unrestricted funds
General ￿nd
581,089
(5.816)
(6,887)
568,386
Restricted funds
Restricted inconie funds
34,772
6,699
6,889
48.360
Endowment funds
Endowment
67,134
3,108
(2)
70,240
TOTAL FUNDS
682,995
3,991
686,986
Pacre 17
continued...

Ballygoiv2n Presbyterian Church
Notes to the Financial Statement5- continued
for the year ended 31 December 2024
16.
MOVEMENT IN FUNDS - continued
Net movement in ￿nds. included in the above are as follows-
Incoming
resowces
Resources
expended
Movement
in fiu)ds
Unrestricted funds
General fund
180,993
(186,809)
(5,816)
Restricted funds
Restricted income funds
53,337
(46,638)
6,699
Endowment funds
Endowment
3.108
3,108
TOTAL FUNDS
237,438
(233.447)
Comparatives for movement in funds
Net
movement
in fuiids
Transfers
between
nds
At
31112123
Ai l/l123
Unrestricted funds
General fund
593.832
(10,742)
(2.001)
581,089
Restricted funds
Restricted income ￿ndS
35,952
(1,180)
34,772
Endowment funds
Endowment
59,805
5,328
2.001
TOTAL FUNDS
689,589
(6,594)
682,995
Patse 18
continued...

Ballygoivan Presbyterian Church
Notes to the Financial Statements- continued
for the year ended 31 December 2024
16.
MOVEMENT IN FUNDS - continued
Comparative net movement in ￿nds, included in the above are as follows..
Incoming
resources
Resources
expeiided
Movement
in fi￿dS
Unresti'icted funds
General ￿nd
184,622
( 195.364)
(10.742)
Restricted funds
Restricted income funds
49,790
(50,970)
(1,180)
Endowment funds
Endowment
5,328
5,328
TOTAL FUM)S
239,740
(246,334)
(6.594)
A current year 12 months and prior year 12 month5 combined position is as follows:
Net
rnovement
in funds
Transfers
between
funds
At
31112124
At 111123
Unrestricted fund5
General fund
593.832
(16,558)
{8,888)
568,386
Restricted funds
Restricted income funds
35,952
5.519
6.889
48,360
Endowment funds
Endowrnent
59,805
8,436
1,999
70,240
TOTAL FUNDS
689,589
(2.603)
686,986
Patse19
continued...

Ballygoivan Presbyterian Church
Notes to the Financial Statements- continued
for the year ended 31 December 2024
16.
MOVEMENT IN FUNDS- continued
A current year 12 inonihs and prior year 12 months combined net movement in ￿nds. included in the above are
as follows..
Incoining
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
365,615
{382,173)
(16,558)
Restricted funds
Restricted income ￿ndS
103,127
(97,608)
5,519
Endowment funds
Endowinent
8.436
8.436
TOTAL FUINDS
477,178
(479,781)
(2,603)
Transfers between ￿ndS relate to the reclassification of certain prior year expenditure from unrestricted to
restricted fvnds
17.
RELATED PARTY DISCLOSURES
The Trustees, report includes a description of various organisations affiliated to the church. Th¢ financial
transactions and affairs of all or any of Ihesc organisations ￿'e outside the scope of these fInancial statements and
none of the funds oi- assets held by these orgaiiisatioiis are included in these financial accounts.
Page 20