Presbyter an BALLYWEANEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charity in Northern Ireland No L05341
an BALLYWEANEY CONGREGATIO OF THE PRESBYfERIAN CHURCH I IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024 vNRERIED RESTRICTED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2024 2023 Funds Reconciliation Bank & cash at start of year Net movement in fund5 Bank & cash at end of year 246,635 8,716 255,351 9,213 (683) 8,530 255,848 8,033 263,881 242,937 12,911 255,848 Bank & cash balances Bank dep051t accounts Cash in hand 27,411 35,206 27,411 35,206 other assets Fixed assets - note 10 Investments - note 11 236,468 236,468 220,642 220,642 Liabilitie5 Loans (interest free) 263,879 255,848 Approved by the Kirk Session at a meeting on..... £S..and signed on its behalf by
an BALLYWEANEY CONGREGATION OF TrIE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNT) FOR YEAR ENDED 31 DECEMBER 2024 NOTE UNRESTRIcfED RESTRicfED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2024 2023 Receipts Donations & legacie5 Charitable attivities other trading activities Investment income other income 88,408 2,110 3,942 70 600 95,130 20,805 17,015 109,213 19,125 3,942 70 10,580 142,930 120,346 26,598 14,018 77 9,511 170,550 9,980 47,800 Sale of investments Sale of fixed assets Loans received Total receipts 95,130 47,800 142,930 170,550 Payments Raising funds Charitable activities Investment cost Organisational expenditu 454 95,255 454 140, 101 452 158,450 44,846 10,168 55,014 10,168 150,723 10,631 169,533 95,709 Purchase of investments Purchase of fixed assets Loan repayments Total payments 95,709 55,014 150,723 169,533 Net receiptsl(payments) Gain on investments Transfers between funds Net movement in funds Funds brought forward Funds carried forward (579) 15,826 (6,531) 8,716 246,635 255,351 (7,214) (7,793) 15,826 1,017 11,894 6,531 (683) 9,213 8,530 8,033 255,848 263,881 12,911 242,937 255,848
an BALLYWEANEY CONGREGATION OF THE PRESBYTERIAN CH RCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL EN As the total income of the congregation is le55 than £250,000 the congregation have eletted in accordance with the provision in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a reIpts and payments basis. FUND AC OUNTING 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 artivity intended by the donor. Where these funds have unspent balans, interest on their pooled investment is apportioned to the individual funds on an average balan basis. Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general fund5 set aside by the congregation for use in the future. DONATIONS & LEGACIES UNRESTRICTED RER[ED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2024 2023 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies & bequests 73,952 989 15,804 89,756 989 96,923 1,429 12,690 777 88,408 5,001 17,691 777 109,213 21,217 777 120,346 20,805
an BALLYWEANEY CONGREGATION O THEP ESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2024 CHARITABLE ACTIVITIES UNRESTRICTED RESTRIED ENDOWMENT TOTAL TOTAL FUNDS FVNDS FUNDS 2024 2023 Income from charitable activities Fees from weddings & funerals Fundraising events Membership fees Grants (VAT reclaimed) 13,433 13,433 13,596 650 1,460 650 5,042 810 12,192 3,582 2,110 17,015 19,125 26,598 OTHER TRADING ACTIVITIES uNRE5TRIED REsfRICTED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2024 2023 Letting of premises Trading income 3,942 3,942 14,018 3,942 3,942 14,018 INVESTMENT INCOME UNRESTRIcfED REsfRIcfED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2024 2023 Deposit interest General investment fund Rents investment propertie5 Other investment income 70 70 77 70 70 77 OTHER INCOME UNRESTRICTED REsfRicfED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2024 2023 Organisational funds Other income 9,980 9,980 600 10,580 9,251 260 9,511 600 600 9,980
an BALLYWEANEY CONGREGATION OF Tr4E pRE5BE IAN RCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2024 RAISING FUNDS UNRESTRICTED RESTRICTED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2024 2023 FWO envelopes Fundraising events 454 454 452 454 454 452 CHARITABLE ACTIVITIES UNREsfRICTED RESTRicfED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2024 2023 General Assembly Assessments Presbytery fees Ministry & support staff costs Congregational running expenses Donations to missions & charities Governance costs 17,486 621 17,486 621 16,742 591 49,325 49,325 57,373 27,823 23,399 51,222 64,046 21,H7 21,447 19,698 95,255 44,846 140,101 158,450 OTHER EXPENDITURE UNREsfRICTED RE5TRIcfED ENDOWMENT TOTAL TOTAL FUNDS FUNDS FUNDS 2024 2023 0rgani5ational expenditure 10,168 10,168 10,168 10,168 10,631 10,631
Presbyter an BALLYWEANEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRE ND NOTES TO THE ACCOUNTS 31 DECEMBER 2024 io FIXED ASSETS The congregation owns the church building together with the church halls and bungalow situated at 130 Ballveely Road, Cloughmills, Ballymena, BT44 9NW and the associated fixtures & fittings. These have a combined insurance value of £ 2,402,604. The Congregation also own the Manse sltuated at 29 Mounthamilton Road, Cloughmills, Ballymena which as an insurance value of £419,275. 11 INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation: 2024 2023 Northern Ireland Central Investment Fund for Charities and Quilter Investment Account 236,468 236,468 220,642 220,642
an BALLYWEANEY CONGREGATI N OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 DECEMBER 2024 12 FUND BALANCES BALANCE RECEIPTS PAYMENTS TRANSFER SURPLUSI GAINSI AT sfART INI(OUT) (DEFICIT) (LOSSES) BALANCE UNRESTRICTED FUNDS General fund Investment fund 27,146 220,642 247,788 94,635 95,710 (6,531) (7,606) 19,540 236,468 256,008 15,826 95,710 (6,531) {7,606) 15,826 94,635 RESTRICTED FUNDS Property fund Missions & charities Boy5 brigade Charity account Midweek fellowship Girls brigade Youth club Youth club camp C D Ministry pw 20,768 17,548 23,399 21,448 2,631 3,900 252 252 365 1,019 1,299 4,340 254 113 415 8,059 715 1,155 5,007 666 965 5,181 49 190 (174) (4) (8) 414 1,209 1,125 4,336 246 113 174 7,871 60 3,039 48,296 60 3,280 55,015 (241) (188) 6,531 ENDOWNMENT FUNDS TOTAL 255,847 142,931 150,725 (7,794) 15,826 263,879