Presbyter
an
BALLYL
RE
BYfERIAN
H IN IRELAND
srATEMENT OF FINANCIAL ACTIvIrY
FOR YEAR ENDED 31 DECEMBER 2024
UNRESTRICTED RESTRIcfED
FUNDS
FUNDS
TOTAL
2024
TOTAL
2023
Income and endowments from
Donats'ons and legacies
Charitable activities
214,916
3,032
180,786
21,426
395,702
24,458
440,126
31,373
Total
217,948
202,212
420,160
471,499
Expenditure on:
Raising funds
Charitable activlties
888
161,994
888
271,246
109,252
256,716
Total
162,882
109,252
272,134
256,716
Net income/{expenditure)
Transfers be￿een funds
Net movement in funds
55,066
(727,575)
(672,509)
92,960
727,575
820,535
148,026
214,783
148,026
214,783
Reconciliation of funds.,
Totsl funds brought forward
835,406
170,612
1,006,018
791,235
Total funds carried forward
162,897
991,147
1,154,044
1,006,018

an
BALLYL
GHAN
NGRE
ATI
N OF THE PRE
B￿ERlAN CH
H IN IRELA
BALANCE SHEET
AS AT 31 DECEMBER 2024
NOTES UNREsfRIcfED
FUNDS
REsfRIcfED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
FIXED ASSETS
Tangible assets
Total fixed assets
1,166,043
1,166,043
1,166,043
1,166,043
1,124,977
1,124,977
CURRENT ASSETS
Debtors
Cash at bank and in hand
Total current assets
35,316
132,479
167,795
26,460
49,046
75,506
61,776
181,525
243,301
74,062
206,299
280,361
io
LIABILMES
Creditors.. amounts falling
due within one year
Creditors.. more than one year
Total Liabilities
11(i)
11(ii)
4,898
40,195
210,207
250,402
45,093
210,207
255,300
33,946
365,374
399,320
4,898
Net current assets
162,897
(174,896)
(11,999)
(118,959)
Total net assets
162,897
991,147
1,154,044
1,006,018
FUNDS OF THE CHARITY
Unrestrirted funds
Restricted funds
12
12
162,897
162,897
991,147
835,406
170,612
991,147
Total charity funds
162,897
991,147
1,154,044
1,006,018
Approved by the Kirk Session at a meeting on 24th March 2025 and signed on its behalf by
Mr Stsnley Warwick
(Clerk of Session)
in Orr
(Treasurer)
Dated .' 24th march 2025
Dated . 24th March 2025
io

Presbyter
an
BALL
LOUG
AN
REGATION OF THE PR
sB￿ERIAN CHURCH IN
ELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of financial statements
The financial statements have been prepared in accordance with Accounting and
Reporting by Charities:Statements of Recommended practi￿ 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 transactions, 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 bodyi nor those that are informal gatherings 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 balan￿, interest
on their pooled investment is apportioned to the individual funds on an average ba515.
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 Flnancial Attivities (SOFA) when:
the congregation becomes entitled to the resources;
the trustees are virtually certain they will receive the resourtrs. and
the monetary value can be measured with sufficient reliably.
(i)
ource
(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.
(iii)
Grants and donations
Grants and donations are only included in the SOFA when the congregation has
unconditional entitlement to the resources.
(iv)
onations and
Incoming resour￿5 from tsx reclaims are included in the SOFA at the same time as
the gift to which they relate.
11

Presbyter
an
BALLYLOUGHAN CONGRE
ATION OF THE
B￿ERIAN C
RCH IN IRE
ND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
ACCOUNTING POLICIES- CONT'D
(v)
Con
ual income and
rMan￿ related
This is only included in the SOFA once the related goods or services have been
delivered.
(vi)
Volunte
The value of any voluntsry help re￿iVed is not included in the accounts but is
described in the trustees, annual report.
Expenditure and liabilties
(vii)
Liabili
rec
ion
Liabilities are recognised as soon as there is a legal or constructive obligation
committing the congregation to pay out resources.
(viii) Governan￿ costs
These are shown within charitable activities and include the costs of preparation and
examination of accounts, the costs of trustee meetings and cost of any legal advice
to trustees on governanTr or constitutional matters.
(ix)
Grants with erfornian
onditions
Where the charity gives a grant with conditions for its payment being a specific level of
seryice 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 wi
h ut erfOrMan￿ condi
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 fi
ets
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 c05t, less estimated residual value, of each asset
over its expected useful life as follows:
Buildings
Fixtures, fittings and equipment
Computers, sofmare and technical equipment
12
over 50 years
over 10 years
over 4 years

Presbyter
an
BALLYLOUGHAN
REGATION OF
E pREsB￿ERIAN
HURCH IN IR
ND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
INCOME FROM DONATIONS AND LEGACIES
UNRESTRICTED
FUNDS
RESTRIcfED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Recorded giving
Loose collections
Donations and gifts
Gift aid
175,300
6,545
1,224
31,847
214,916
123,021
298,321
6,545
32,529
58,307
395,702
312,058
11,228
46,213
70,627
440,126
31,305
26,460
180,786
INCOME FROM CHARITABLE ACTIVITIES
UNRESTRICTED
FUNDS
RESTRICTED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Organisation income
Sale of study books etc
Income from church events
Miscellaneous income
Grants
21,426
21,426
231
2,801
20,988
850
9,493
42
231
2,801
3,032
21,426
24,458
31,373
EXPENDITURE ON RAISING FUNDS
UNRESTRICTED
FUNDS
RESTRICTED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
FWO envelopes
888
888
888
888
13

Presbyter
an
BALL
HAN CONGRE
ATION OF THE PRESBYfERIAN CHU
IN IRE
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
EXPENDITURE ON CHARITABLE ACTIVITIES
UNRESTRICTED REsfRICTED
FUNDS
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
General assembly
assessments
Presbytery fees
Ministry and support
staff costs
Congregational running
expenses
Donations to Missions
and charities
Governance costs
Depreciation charge and
loss on disposal of assets
15,214
659
15,214
659
13,650
573
100,912
100,912
108,858
43,169
49,836
93,005
80,956
31,195
31,195
2,040
39,436
1,950
2,040
28,221
109,252
28,221
271,246
11,293
256,716
161,994
EMPLOYEES
lo
ment cost
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Wages and salaries
Social security costs
Pension contributions
84,529
5,188
9,651
99,368
92,657
4,950
9,467
107,074
Num
fem
lo
ees
The average number of employees, including the minister of the congregation, during the
year was:
2024
2023
Average number of employees
There were no employees in receipt of employee benefits in excess of £60,000.
14

Presbyter
an
BALLYLOUGHAN CONG
ATION OF THE PRESBYfERIA
HURCH IN I
ELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
PENSION COSTS
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 Trustee5 have agreed a funding plan to ensure the Scheme 15 sufficiently funded
to meet current and future obligations. A formal schedule of contributions was drawn up
on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December
2015 contributions of 240/0 of pensionable salaries to cover the accrual of benefits for future
servi￿, expense5, the cost of insuring death in service benefits and funding the scheme
deficit.
The contributions made by the congregation during the year were:
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Contributions
9,517
9,064
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
134
403
15

Presbyter
an
BALLYLOUGH
NGREGATIO
F THE PRESB
RIAN CHURC
IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
TANGIBLE FIXED ASSETS
BUILDINGS
FIXTURES
FIThINGS &
EQUIPMENT
COMPUTERS
&TECHINCAL
EQUIPMENT
TOTAL
COST OR VALUATION
At start of year
Additions
Disposals
1,170,167
66,104
23,267
2,166
18,158
1,017
(4,535)
1,211,592
69,287
(4,535)
At end of year
1,236,271
25,433
14,640
1,276,344
DEPRECIATION
At start of year
Provision for year
Disp05als
56,111
24,661
14,131
2,328
16,373
1,232
(4,535)
86,615
28,221
(4,535)
At end of year
80,772
16,459
13,070
110,301
NET BOOK VALUE
At start of year
1,114,056
9,136
1,785
1,124,977
At end of year
1,155,499
8,974
1,570
1,166,043
16

an
BALLYLOUGHAN C
REGATION OF THE P
BrfERIAN CH
H IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
DEBTORS
UNRESTRIcfED
FUNDS
RESTRICTED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Gift Ald Recoverable
Prepayments
Sundry debtors
29,847
5,469
26,460
56,307
5,469
68,877
5,185
35,316
26,460
61,776
74,062
10 CASH AT BANK AND IN HAND
UNRESTRicfED
FUNDS
REsfRicfED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Bank current accounts
Bank deposit account
Cash in hand
132,455
24
48,825
181,280
24
221
181,525
206,116
24
159
206,299
221
49,046
132,479
11(i) CREDITORS: amounts falling due within one year
UNRESTRIcfED
FUNDS
REsfRICTED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Accruals
Loans
4,898
2,052
38,143
40,195
6,950
38,143
45,093
2,929
31,017
33,946
4,898
11{ii) CREDITORS: amounts falling due in more than one year
UNRESTRicfED
FUNDS
RESTRICTED
FUNDS
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Loans
210,207
210,207
210,207
210,207
365,374
365,374
17

an
BALLYLOUGHAN CONG
F THE PRESBYfERIAN CHU
H IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
12
FUND BALANCES AND RECONCILIATION OF FUNDS
Fund
BALANCE
AT
srART
INCOME
EXPEND
TRANSFER
BALANCE
AT
END
UNRESTRICTED FUNDS
General account
835,406
217,948
(162,882)
(727,575)
162,897
835,406
217,948
(162,882)
(727,575)
162,897
RESTRICTED FUNDS
Mlsslonary
Other mlssion suppport
Property
Communlty initative
Kids church
Girls Brigade
Boys Brigade
Toddlers
Mix
Men's group
9,699
38,697
1,000
141,090
6,315
247
2,557
2,732
276
9,298
(30,195)
(1,000)
(58,559)
(3,053)
(120)
(3,583)
{2,573)
(215)
(9,955)
18,201
145,963
8,840
250
1,366
755
2,032
1,569
139
728,585
(I,oio)
957,079
11,092
377
340
914
2,093
912
139
170,612
202,212
(109,252)
727,575
991,147
TOTAL FUNDS
1,006,018
420,160
(272,134)
1,154,044
13
RELATED PARTY TRANSACTION
One of the Trustees, the minister of the congregatlon re￿IVed remuneration of £39,657
and expenses of £7,036 for acting in that capacity. Pension contributions of £9,517
were paid by the congregation in respert 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 thelr duties.
During the year the congregation contributed the following amounts to Funds of the
General Assembly of the Presbyterian Church in Ireland a separate charity
£15,214 for congregational a￿e￿MentS
£12,260 towards the United Appeal
£3,400 towards Orphans and Children Soclety
The congregation contributed £659 toward5 Presbytery Assessments durlng the year.
There were no other related party transactions.
18