Presbyter an BALLYLO HAN CONGREGATION OF T IAN CHURCH IN IRELAND srATEMENT OF FINANCIAL ACTIVITY FOR YEAR ENDED 31 DECEMBER 2022 UNREsfRIcfED FUNDS RESTRICTED FUNDS TOTAL 2022 TOTAL 2021 Income and endowments from Donations and legacies Charitable activities 151,555 7,092 150,816 6,140 302,371 13,232 282,366 4,729 Toial 158,647 156,956 315,603 287,095 Expenditure on: Raising funds Charitable activities 513 172,309 514 51,285 1,027 223,594 1,365 L88,259 Total L72,822 51,799 224,621 189,624 Net incomel(expenditure) Transfers between funds Net movement in funds (14, 175) 4,171 (10,004) 105,157 (4,171) 100,986 90,982 97,471 90,982 97,47L Reconciliation of funds: Total funds brought forward 344,345 355,908 700,253 602,782 Total fund5 carried forward 334,341 456,894 791,235 700,253
Presbyter an LLYLOUGHAN C NGRE N OF THE PRESBYfERIAN CHURCH IN IRELAND BALANCE SHEET AS AT 31 DECEMBER 2022 NOTES UNREsfRIcfED FUNDS REsfRIcfED FUNDS TOTAL FUNDS 2022 TOTAL FUNDS 2021 FIXED ASSETS TangibSe assets Total fixed assets 252,517 252,517 252,517 252,517 259,390 259,390 CURRENT ASSETS Debtors Cash at bank and in hand Total current assets 25,282 62,340 87,622 23,296 433,598 456,894 48,578 495,938 544,516 44,127 402,007 446,134 io LIABILThIES Creditors: amounts falling due within one year li 5,798 5,798 5,271 Net current assets 81,824 456,894 538,718 440,863 Total net assets 334,341 456,894 791,235 700,253 FUNDS OF THE CHARITY Unrestricted funds Restricied funds 12 12 334,341 334,341 456,894 344,345 355,908 456,894 Total charity funds 334,341 456,894 791,235 700,253 Approved by the Kirk Session at a meeting on 20th March 2023 and signed on its behalf by Mr Thomas McNeill (Clerk of Session) Mr Colin (Treasurer) rr Dated . 20th March 2023 Dated . 20th March 2023 io
Presbyter an BALLYLOUGHAN CONGRE ATION OF THE PRESBrfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 ACCOUNTING POLICIES Basis of financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities:Statements of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting standard applicable in the UK and Ireland (FRS102) (effective l January 2015). The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all trdnsactions, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gathering5 of church members. Fund accounting Restricted funds comprise revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balance, interest on their pooled investment is apportioned to the individual funds on an average basi5. 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. Income resources Reco nition of incomin These are included in the Statement of Financial Activities (SOFA) when: the congregation become5 entitled to the resource5; the trustees are virtually certain they will re1ve the resources; and the monetary value can be measured with sufficient reliably. (i) resources (li) Incomin resources with related ex enditure Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA. Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. (iv) Tax reclaims on donations and Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. li
BALLYLOUGHAN CONGRE ATtON OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 ACCOUNTING POLICIES - CONT'D (v) Contractual income and erfomiance related This is only included in the SOFA once the related goods or seiceS have been delivered. ran (vi) Volunte el The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. Expenditure and liabilties (vii) Liabili nition Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources. reco (viii) Governance costs These are shown within charitable attivitie5 and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. (ix) nts with erformance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. (x) Grants able without erformance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. (xi) Tan ible fixed a55ets Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt. Depreciation is recorded on all tangible fixed assets other than freehold land, at rates calculated to write off the cost, le55 estimated residual value, of each a55et over its experted useful life as follows: Buildings Fixtures, fittings and equipment Computers, software and technical equipment 12 over 50 years over 10 years over 4 years
an BALLYLOUGHAN C NGREGATION OF EPRE RIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 INCOME FROM DONATIONS AND LEGACIES UNRESTRicfED FUNDS REsfRICTED FUNDS TOTAL FUNDS 2022 TOTAL FUNDS 2021 Recorded giving Loose collertions Donations and gifts Gift aid 122,270 6,237 505 22,543 151,555 109,794 232,064 6,237 17,947 46,123 302,371 221,112 3,085 18,138 40,031 282,366 17,442 23,580 150,816 INCOME FROM CHARrrABLE ACTIVITIES UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2022 TOTAL FUNDS 2021 Organisation income Sale of study books etc Income from church events Miscellaneous income Grants 244 770 6,025 53 6,140 6,384 770 3,566 57 1,042 64 6,025 53 7,092 6,140 L3,232 4,729 EXPENDITURE ON RAISING FUNDS uNRESTRIED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2022 TOTAL FUNDS 2021 FWO envelopes 513 513 514 514 1,027 1,027 1,365 1,365 13
an BALLYLOUGHAN CONGREGATI OF THE PRESBYTERIAN CHUR H IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 EXPENDITURE ON CHARITABLE ACTIVITIES UNRESTRICTED RESTRICTED FUNDS FUNDS TOTAL FUNDS 2022 TOTAL FUNDS 2021 General assembly assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs Depreciation charge and 1055 on disposal of assets 13,553 586 13,553 586 L3,318 673 100,635 100,635 91,391 44,470 18,155 62,625 43,076 33,130 33,130 1,920 26,893 1,710 1,920 11,145 172,309 11,145 223,594 11,198 188,259 51,285 EMPLOYEES lo nt costs TOTAL FUNDS 2022 TOTAL FUNDS 2021 Wages and salaries Social security costs Pension contributions 85,554 4,844 8,854 99,252 76,802 4,498 8,443 89,743 Number of em ees The average number of employees, including the minister of the congregation, during the year was: 2022 2021 Average number of employees There were no employees in receipt of employee benefits in excess of £60,000. 14
Presbyter an BALLYLOUGHAN CONGREGATION OF THE PRESBYFERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 PENSION cosrs The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme (2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employer's pension contribution for the Scheme and based on the stipend paid to the minster. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded scheme of the defined benefit type, providing defined benefits based on career average revalued salary. The scheme has assets held in a separately administered fund managed by a board of trustees. The Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. A formal schedule of contributions was drawn up on 25 November 2015 whereby Ihe Presbyterian Church agreed to pay from 31 December 2015 contributions of 24 % of pensionable salarie5 to cover the accrual of benefits for future service, expenses, the cost of insuring death in service benefits and funding the scheme deficit. The contribution5 made by the congregation during the year were: TOTAL FUNDS 2022 TOTAL FUNDS 2021 Contributions 8,633 8,443 The congregation contributes to a defined contribution pension scheme for one of its employees. The pension charge represents the contributions due from the congregation during that year. TOTAL FUNDS TOTAL FUNDS Contributions 221 15
an BALLYLOUGHAN CONGREGATION OF THE PRESB RIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 TANGIBLE FIXED ASSETS BUILDINGS FIXTURES FIrrINGS & EQUIPMENT COMPUTERS & TECHINCAL EQUIPMENT TOTAL COST OR VALUATION At start of year Additions Disposals 287,893 3,225 19,132 16,823 1,046 (280) 323,848 4,271 (280) At end of year 291,118 19,132 17,589 327,839 DEPRECIATION At start of year Provision for year Disposals 44,531 5,758 9,891 L,913 10,036 3,263 (70) 64,458 10,934 (70} At end of year 50,289 11,804 13,229 75,322 NET BOOK VALUE At start of year 243,362 9,241 6,787 259,390 At end of year 240,829 7,328 4,360 252,517 16
Presbyter an BALLYL GHAN CONGREGATION OF THE PRESBYfERIAN CHU CH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 DEBTORS uNRERicrED FUNDS REsfRICTED FUNDS TOTAL FUNDS 2022 TOTAL FUNDS 2021 Gift Ald Recoverable Prepayments Sundry debtors 20,511 4,771 23,296 43,807 4,771 39,705 4,347 75 ,127 25,282 23,296 48,578 10 CASH AT BANK AND IN HAND UNRESfRICTED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2022 TOTAL FUNDS 2021 Bank current accounts Bank deposit account Cash in hand 62,316 24 433,572 495,888 24 26 401,974 24 26 62,340 433,598 495,938 402,007 11 CREDITORS: amounts falling due within one year UNRE5fRIcfED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2022 TOTAL FUNDS 2021 Accrua15 5,798 5,798 5,271 5,798 5,798 5,271 17
Presbyter an BALLYLOUGHAN CONGREGATION OF THE PRESBYFERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2022 12 FUND BALANCES AND RECONCILIATION OF FUNDS Fund BALANCE AT INCOME EXPEND TRANSFER BALANCE AT END START UNRESTRICTED FUNDS General account 344,345 158,647 (172,822) 4,171 334,341 344,345 158,647 (172,822) 4,171 334,341 RESTRICTED FUNDS Missionary Other mission suppport Property Community initative Kids church Girls Brigade Boys Brigade Toddlers Men's group 12,811 29,965 (33,130) 0 9,646 330,121 5,794 638 2,457 2,067 1,881 139 120,850 1,700 50 1,898 2,329 164 (11,504) 0 (35) 0 (441) 0 (2,660) 0 (3,882) 0 (147) 0 {4,271) 435,196 7,459 347 1,695 514 1,898 139 loo 355,908 156,956 (51,799) {4,171) 456,894 TOTAL FUNDS 700,253 315,603 {224,621) 791,235 13 RELATED PARTY TRANSACTION One of the Trustees, the minister of the congregation received remuneration of £35,970 and expenses of £6,382 for acting in that capacity. Pension contributions of £8,633 were paid by the congregation in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). None of the other trustees received any remuneration or expenses during the year in connection with their duties. During the year the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Zreland a separate charity £13,553 for congregational assessments EIO,827 towards the United Appeal £3,200 towards Orphans and Children S()ciety The congregation contributed £586 towards Presbytery Assessments during the year. There were no other related party transactions. 18