Presbyter an AL srATEMENT OF FINANCIAL AcfIvITY FOR YEAR ENDED 31 DECEMBER 2023 UNRESTRICTED 'FUNDS REsfRICTED FUNDS TOTAL 2023 TOTAL 2022 Income and endowments from Donations and legacles Charitsble attivities 184,788 11,235 255,338 20,138 440,126 31,373 302,371 13,232 Total 196,023 275,476 471,499 315,603 Expenditure on: Raising funds Charitsble activities 1,027 223,594 182,319 74,397 256,716 Total 182,319 74,397 256,716 224,621 Net incomel(expenditure) Transfers between funds Net movement in funds 13,704 487,361 501,065 201,079 (487,361) (286,282) 214,783 90,982 214,783 90,982 Reconcillation of funds: Totsl funds brought forward 334,341 456,894 791,235 700,253 Total funds carried forward 835,406 170,612 1,006,018 791,235
Presbyter an BALANCE SHEEr AS AT 31 DECEMBER 2023 NOTES UNRESTRIcfED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 2022 FIXED ASSETS Tangible assets Total fixed assets 1,124,976 1,124,976 1,124,976 1,124,976 252,517 252,517 CURRENT ASSETS Debtrjrs Cash at bank and in hand Total current assets 33,749 76,001 109,750 40,313 130,299 170,612 74,062 206,299 280,362 48,578 495,938 544,516 10 LIABILMES Creditors: amounts falling due within one year Creditors: more than one year Total Liabilities li Ill 2,929 2,929 396,391 399,320 5,798 396,391 396,391 2,929 5,798 Net current assets 106,821 (225,779) (118,958) 538,718 Total net assets 1,231,797 (225,779) 1,006,018 791,235 FUNDS OF THE CHARrrY Unrestricted fund5 Restritted funds 12 12 835,406 835,406 170,612 334,341 456,894 170,612 Total charity funds 635,406 170,612 1,006,018 791,235 Approved by the Kirk Session at a meeting on 20th May 2024 and signed on its behalf by Mr Stanley Warwick (Clerk of Session) Mr Colin Orr (Treasurer) Dated Dated . io
an BALLYL GREGATI OF BYfERIAN CH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 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 thelr accounts in accordance with Flnancial Reporting Standard appllcable 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, whlch are shown at market value. The financial statements include all transactlons, assets and liabilitles for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another bodyi nor those that are informal gatherings of church members. Fund accounting Restricted funds comprise revenue donatlons 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 basis. Unrestricted funds are Income funds which a 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 niti nofin in resources These are included in the Statement of Financial Actlvitle5 (SOFA) when: the congregation becomes entitled to the resources. the trustees are virtually certaln they will receive the resources. and the monetary value can be measured with Sufficient reliably. (i) (11) omln ou ces wl enditure Where incornlng resources have related expenditure (as with fundraising Income) the Incoming resources and related expenditure are reported gross in the SOFA. (iii) Gran and donation5 Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. (iv) reclai on donat'on and ifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they re5ate.
Presbyter an Ix LOU HA CONGREGATION OFThE PR SB INI ELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 ACCOUNTING POLICIES- CONT'D (v) Contra ual ormance related This is only included In the SOFA once the related goods or SeNiS have been dellvered. co ran (vi) Volunteer hel The value of any voluntary help reIVed is not Included In the accounts but is described in the trustees, annual report. Expenditure and liabilties (vii) Liabili reco nition Liabilities are recognised as soon a5 there is a legal or constructive obligation committing the congregation to pay out resources. (viii) Governan co These are shown withln charitable activities and include the costs of preparatlon and examination of accounts, the costs of trustee meetings and cost of any legal advlce to trustees on governance or constitutional matters. (ix) ran 'th erformance condi . Where the charity glves a grant with conditions for its payment belng a specific level of 5eNice or output to be provided, such grants a only recognised In the SOFA once the reclplent of the grant ha5 provided the specified service or output. (x) Grants ab e withou ance conditlon 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) le fixed assets 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 reIPt. Depreciation is recorded on all tsngible flxed assets other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expetted useful life as follows; Buildings Fixtures, fittings and equipment Computers, software and technical equipment 12 over 50 years over 10 years over 4 years
Presbyter an UG NCO EG TION OF THE PRES IAN HURCH RELA NOTES TO THE ACCOUNTS 31 DECEMBER 2023 INCOME FROM DONATIONS AND LEGACIES UNREsfRicfED FUNDS REsfRicfED FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 2022 Recorded giving Loose collections Donations and gifts Gift aid 142,665 11,228 581 30,314 184,788 169,393 312,058 11,228 46,213 70,627 440,126 232,064 6,237 17,947 46,123 302,371 45,632 40,313 255,338 INCOME FROM CHARITABLE ACTIVITIES UNRESTRIcfED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 2022 Organisation Income Sale of study book5 etc Income from church events Miscellaneous income Grants 850 850 9,493 42 20,138 20,988 850 9,493 42 6,384 770 6,025 53 11,235 20,138 31,373 13,232 EXPENDITURE ON RAISING FUNDS UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 2022 FWO envelopes 1,027 1,027 13
Presbyter an BALLY ou RE URCH IRE ND NOTES TO THE ACCOUNTS 31 DECEMBER 2023 EXPENDITURE ON CHARITABLE ACTIVITIES UNRESTRICTED RESTRICTED FUNDS FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 2022 General assembly assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governan costs Depreciation charge and loss on disposal of assets 13,650 573 13,650 573 13,553 586 108,858 108,858 100,635 45,995 34,961 80,956 62,625 39,436 39,436 1,950 33,130 1,920 1,950 11,293 182,319 11,293 256,716 11,145 223,594 74,397 EMPLOYEES Em me sts TOTAL FUNDS 2023 TOTAL FUNDS 2022 Wages and salaries Soclal security costs Pension contrlbution5 92,658 4,950 9,467 107,074 85,554 4,844 8,854 99,252 umber fem ees The average number of employees, Including the mlnister of the congregatlon, during the year was: 2023 2022 Average number of employees There were no employees in receipt of employee benefits in excess of £60,000. 14
Presbyter an LLYL CON REGATION FTHEP AN CHURCH IN IRE NOTESTO THE ACCOUNTS 31 DECEMBER 2023 PENSION cosrs The mlnister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme (2009). This is a scheme operated by the Presbyterlan Church in Ireland, separate registered charity. The COnggatIon pays an assessment to the PsbYterian 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 typei provlding 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 Presbyter5an 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 Novernber 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24 % of pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of insuring death in Servi benefits and fundlng the scheme deficit. The contributions made by the congregation during the year were: TOTAL FUNDS 2023 TOTAL FUNDS 2022 Contributions 9,064 8,633 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 402 221 15
an LL ANC OF THE RESB Rl CHU ELI NOTES TO THE ACCOUNTS 31 DECEMBER 2023 TANGIBLE FIXED ASSETS BUILDINGS FIXTURES FITfiNGS & EQUIPMENT COMPUTERS & TECHINCAL EQUIPMENT TOTAL cosr OR VALUATION At start of year Addltlons Disposals 291,118 879,049 19,132 4,135 17,589 568 327,839 883,752 At end of year 1,170,167 23,267 18,157 1,211,591 DEPRECIATION At start of year Provision for year Disp05als 50,289 5,822 11,804 2,327 13,229 3,L44 75,322 11,293 At end of year 56,111 14,131 16,373 86,615 NET BOOK VALUE At start of year 240,829 7,328 4,360 252,517 At end of year 1,114,056 9,137 1,784 1,124,976 16
Presbyter an LLYLOUGHAN ONGREGATtON O ESBERlAN C IN IRE NOTES TO THE ACCOUNTS 31 DECEMBER 2023 DEBTORS UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 2022 Gift Ald Recoverable Prepayments Sundry debtors 28,564 5,185 40,313 68,877 5,185 43,807 4,771 33,749 40,313 74,062 48,578 10 CASH AT BANK AND IN HAND UNREsfRICTED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 2022 Bank current accounts Bank deposit account Cash in hand 75,977 24 130,139 206,116 24 160 495,888 24 26 160 76,001 130,299 206,299 495,938 11 CREDITORS: amounts falling due within one year UNRESTRIcfED RESTRICTED FUNDS FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 2022 Accruals 2,929 5,798 2,929 2,929 5,798 Ill CREDITORS: amounts falling due in more than one year UNREsfRICTED RESTRICTED FUNDS FUNDS TOTAL FUNDS 2023 TOTAL FUNDS 2022 Loans 396,391 396,391 396,391 396,391 17
an UGHAN NG ON OF THE PRESB NCHU CH IRELA NOTES TO THE ACCOUNTS 31 DECEMBER 2023 12 FUND BALANCES AND RECONCILIATION OF FUNDS Fund BALANCE AT START INCOME EXPEND TRANSFER BALANCE AT END UNRESTRICTED FUNDS General account 334,341 196,023 (182,319) 487,361 835,406 334,341 196,023 (182,319) 487,361 835,406 RESTRIcfED FUNDS Missionary other mission suppport Property Community Inltatlve Kids church Glrls BrSgade Boys Brigade Toddlers MIX Men's group 9,646 39,489 (39,436) 0 9,699 435,196 7,459 347 1,695 514 1,898 215,849 2,318 115 2,593 2,684 535 11,893 (17,721) 0 (487,361) (937) 0 (212) 0 (2,923) 0 (2,442) 0 (402) 0 (10,324) 145,963 8,840 250 1,366 755 2,032 1,569 139 139 456,894 275,476 (74,397) (487,361) 170,612 TOTAL FUNDS 791,235 471,499 (256,716) (o) 1,006,018 13 RELATED PARTYTRANSACTION One of the Trustees, the mlnlster of the congregatlon recelved remuneration of £38,269 and expenses of £6,701 for attlng In that capacity. Penslon contributions of £9,064 were pald by the congregation In respett of the mlnlster to the Presbyterlan Church In Ireland Penslon Scheme (2009). None of the other trustees recelved any remuneratlon or expenses during the year in connettlon with thelr dutles. Durlng the year the congregatlon contrlbuted the followlng amounts to Funds of the General Assembly of the Presbyterian Church in Ireland a separate charlty E13,650 for congregattonal assessments £11,785 towards the United Appeal £3,750 towards Orphans and Children Soclety The congregatlon contrlbuted £573 towards Presbytery Assessments durlng the year. There were no other related party transactions. 18