BALLYCASTLE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Financial Statements for the year ended 31 December 2023 Registered Charity in Northern Ireland (NIC105313) BALLYCASTLE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 NIC 105313 Unrestricted Funds Note Restricted Endowment Funds Funds Total 2023 Total 2022 Recelpts Donations and legacies Charitable activities Other trading activities Investment Income Other Income 62,864 216 12,862 2,039 657 24,885 87,749 216 15,772 2,998 2,373 76,545 1,650 12,670 2,471 1,086 2,910 959 1,716 Sub Total 78,638 30,470 109.108 94,422 Sale of Investments Sale of Fixed Assets Loans Received Total Recelpts 78,638 30,470 109,108 94,422 Payments Raising funds Charitable attivities Other Expenditure 435 49,059 583 435 70,492 583 498 99,428 544 21,433 Sub Total 50,077 21,433 71,510 100,470 Purchase of Investments Purchase of Fixed Assets Loan Repayments 10,000 Total Payments 50,077 21,433 71,510 110,470 Net receipts / Ipaymentsl Transfers between funds 28,561 12641 9,037 264 37,599 116,048 Net movement in funds Funds brought forward 28,297 12,240 9,301 40,666 37,599 52,906 116,0481 68,954 Funds carried forward 12 40,537 49,967 90.504 52,906 Page I BALLYCASTLE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 12,240 28,297 40,666 9,301 52,906 37,598 68,954 (16,0481 Bank and Cash at end of year 40,537 49,967 90.504 52,906 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts 37,800 52,704 32,589 20,317 90,504 52,906 Fixed Assets - Note 10 4,131,683 3,843,427 Other Assets- Note 11 Investments Gift Aid Receivable on Donations 98,143 10,000 91,978 10,000 108,143 101,978 Liabilities Due to the coronavirus pandemic, it was uncertain when congregations would be able to meet again. It was anticipated that this would have a negative impact on a congregation's regular income. As a result, the congregation was granted permission to defer 50Yo of Quarter l of the Congregational Assessment in 2021. This year, £4059.84 was repaid, leaving an outstanding balance of £1353.27. Congregational Assessment QI deferred 1,353 5,413 1,353 5,413 Approved by the Kirk Session at a meeting on 5th May 2024 and signed on its behalf by NAME NAME Date Date /&/+ BALLYCASTLE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected to prepare its accounts on a receipts and payments basis, in accordance with the provisions in The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. 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. DONATIONS AND LEGACIES Unrestricted Restricted Endowment Funds Funds Funds Total 2023 Total 2022 Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequest 42,536 3,410 1,474 8,945 6,500 14,087 2,940 4, 102 3,756 56,623 6,350 5,576 12,701 6,500 54,736 8,765 684 12,360 62,864 24,885 87,749 76,545 BALLYCASTLE CONGREGATION OF THE PRES8￿ERlAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 216 216 165 1,485 216 216 1,650 OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Letting of premises Trading income 12,862 1,210 1,700 14,072 1,700 10,768 1,902 12,862 2,910 15.772 12,670 INVESTMENT INCOME Unrestrirted Funds Restrirted Endowment Funds Funds Total 2023 Total 2022 Deposit interest General Investment Fund Other investment income 286 107 538 314 393 538 2.067 121 2,350 1,752 2,039 959 2,997 2,471 BALLYCASTLE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Shared ministerial expenses Miscellaneous income 657 1,519 197 2,176 197 1,086 657 1.716 2,373 1,086 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 FWO envelopes Fundraising events 435 435 426 72 435 435 498 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Premises Costs Repairs and Maintenance Congregational running expenses Donations to Mi5sion5 and charities Governance costs 6,238 453 22,164 13,894 1,228 3,252 1,530 300 6,238 453 22,164 13,894 11,188 3.724 12,531 300 10,318 441 39,657 19,173 11,584 2,643 15,312 300 9,960 472 ii,ooi 49,059 21,433 70.492 99,428 BALLYCASTLE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Loan Interest Investment Property Expenses 583 583 544 583 583 544 io. FIXED ASSETS The congregation owns the Church premises situated at I Castle Street, Ballycastle BT54 6BH a manse for the minister, a property for the Sexton and the associated fixtures, and equipment. These have an insurance value of: Church / Minor Hall Church Hall Manse Sexton's House 2,947,858 646,764 348,917 188,144 4,131,683 ii. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 Endowment Funds Dfc NICIFC- Route Presbytery Dfc NICIFC- M. McDowell GIF- Miss AK Megaw 59,532 10,771 27,840 56,269 10,180 25,529 98,143 91,978 BALLYCASTLE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2023 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Balance at end Transfer Unrestricted Funds General Fund 12,240 78,638 50,077 28,561 1264} 40,537 12,240 78,638 50,077 28,561 (264) 40,537 Restricted Funds Miss AK Megaw Bequest (Mission) Property Fund United Appeal Students, Bursary Fund World Development Appeal Stand By Me Presbyterian Children's Society Moderator's Appeal Tearfund Main Hall Kitchen Fund Graveyard Fund Presbyterian Women Bowling Club Youth & Children's Fund 538 14,807 5,181 538 8,298 5,445 28,553 6,509 1264} 35,062 264 849 1,240 828 410 495 1,500 2,014 2,603 849 1,240 828 410 495 1,500 240 1,569 16 10,662 407 1,012 32 1,774 1,034 {16) 12,436 1,441 996 32 40,666 30.470 21,433 9,037 264 49,967 TOTAL CASH FUNDS 52,906 109.108 71,510 37,598 90,504 13. RELATED PARTY TRANSACTIONS One of the Trustees, the minister of the congregation, received remuneration of £2,277 and expenses of £414 for acting in that capacity. Pension contributions of £546 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme {20091. None of the other trustees received any renumeration, or expenses during the year in connection with their duties apart from the reimbursement of expenses laid out by them wholly and exclusively on behalf of the congregation. There were no other related party transactions.