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 SeNi￿S have been
dellvered.
co
ran
(vi)
Volunteer hel
The value of any voluntary help re￿IVed 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 re￿IPt.
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 COng￿gatIon pays an assessment to the P￿sbYterian
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
ESB￿ERlAN 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