an
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
5tATEMENt OF FINANCIAL ACtIVlTY
For the year ended 31 De￿rnber 2023
Note
Unrertricted
Funds
Restrirted
Funds
Total Funds
2023
Total Funds
2022
Income dnd Endowments
Irom:
t)onations and legacies
Charitable activities
Other trading activities
Investments
Other income
165,135
702
179.062
8,457
4.143
742
8.333
344.197
9.159
4,143
4.352
8,346
372,933
3.989
4,949
937
11.327
3.610
13
Total income
169.460
200,737
370.197
394.135
Expenditure on:
Raising funds
Charitable activities
Other expenditure
{8351
1140.0311
iioi
18351
1260,1801
110.9241
11.3701
1218.7181
111.5451
1120.1491
110.9141
Total expenditure
Net Income
{140￿76?
28.584
1131.063)
69,674
1271.9391
98.258
1231.6331
162.502
Transfers between funds
Net movement in funds
1.936
30.520
11.9361
67,738
98.258
162,502
Reconciliation of funds:
Total funds broughi forward
Total funds carried for4vard
180,392
210.912
1.757.450
1,825,188
1.937,842
2.036.1
1.775.340
1.937.842
12

an
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
BALANCE SHEET
As at 31 December 2023
Note
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Total Funds
2022
Fixed assets:
Tangible assets
InvestmeiTrts
Total fixed assets
12
13
1.717.958
1,717,958
11.G21
1.729,579
1,717,958
10.G93
1,728.651
11.621
11.621
1.717.958
Current assets:
Debtors and prepayments
Cash at bank and in hand
Total current asset5
14
15
13,550
96,734
110.284
18.550
293.165
311.715
27.529
262.461
289,990
196.431
201.431
Liabilities:
Creditors.. due within one ye8r
16
{2,1401
li.U541
15,1941
180,7991
Net ¢urrent assets
199,291
107.230
306.521
209.191
Total assets less current liabilities
210.912
1,825.188
2.036.1
1,937,842
Total net assets
210,912
1.825.188
2.036.IlXI
1.937.842
Funds of the charity
Unrestricted funds
Restricted funds
17
17
210,912
210,912
1.825.188
180,392
1.757,450
1,825.188
Total charity funds
210.912
1,825,188
2.036.ItKI
1,937,842
Approved by the Xirk Session at a meeting on 201h March 2024 and signed on its behalf by
Position.. Minister
Position- Clerk of Session
Rev Emerson McDowell
Tom Hean
13

an
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES
BASIS OF FINANCIALSTATEMENTS
The financial statements have been prepared in accordance with applicable accounting standards. While compliance with
Statement of Recommended Practice Accounting and Reporting by Charities IFRS1021 is not mandatory. account of the
guidance contained therein has been taken in the preparation of these accounts.
The financial statements have been prepared under historical cost cnnvpntion p.xr.vpt ft)r invp<tmpnt assets. which are
shown at market value. The financial statements include 311 transactions. assets. and liabilities for which the congregation
is rÈ%ponsible in law. They do not in¢ludc the accounts of church group5 that owe thesr affiliation to another body¥ nol
those that are informal Eatherings of church members.
PREPARATION OF AcOU￿s ON A GOING CONCERN BASIS
The Church generally meets its day-to-day working capital requirements from its annual income. The Trustees have
obtained and reviewed cash flow forecasts for the incoming year and based on these are satisfied that the Church has
resour¢es to provide a reasonable ¢xpcctatron that it can continue to meet its financial obligat10115 a5 they fall due for the
foreseeable future. Therefore, these financial statements have beer) prepared on a going concern basis.
FUND AccoupifiNG
Endowment funds arÈ funds, the capital of which must be retained either permanently or at the congregation's discretion,.
the income derived from ihe endowment is to be used either 35 restricted or unrestrirted income funds depending upon
the pltrpose for which the endowment wa5 established iii the first plaLe.
Restricted funds comprise lal income from endowments which is to be expended only on the restricted purposes intended
by the donor and Ibl revenue donations or grants for a specific congregational activity intended by the donor. Where these
funds have unspent balances, interest on their pooled imiestment is apportioned to the individual funds on an average
basis.
Unrestricted funds are iiicoT)be luiids wliiLIi div Lu sp¥iII uii cLu￿￿ev￿lIlTrn'5 general purposes. Designated fund5 are
general funds set aside by congregation for use in the future.
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities ISOFAI when:
The congregation becomes entitled to the fesources.
The trustees are vtrtu3lly certain they will receive the resources- a￿1
The monetary value can be measured with stsfficient reliability.
Incorning resources with related expenditure
Where incoming resources have related expenditure las with fijndraising income) the incoming resources and related
expenditure are reported gross in the SOFA.
Grants and donations
Grants and donations are only intluded in the SOFA when the congregation has unconditional entitlement to the re59urce5.
Tax reclatllls on doiiaiiun) <ind ¥ifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
14

an
FIRST BALLYMENA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS Iconvdl
ACCOUNTING POLICIES Iconvd)
Contractual income and performance related Erants
This is only included in the SOFA once the related goods or services have been delivered.
Glfts In klnd
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually reali5ed. Gifts in
kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind
for use by the charity are intluded in the SOFA as incoming resources when receivable.
Donated services and facilities
These are only Inclu(Jed in incoming resources (with an equivalent amount in resources expended) where the benefit to
the charity is reasonably qvantifiable, me3surable. and material. The value placed on these resources is the estimated
value to the tharity of the service orfacility received.
Volunteer help
The value of any voluntary help ￿CeiVed is not included in the accounts but is described in the trustees. annual report.
Investment income
This is included in the accounts when receivable.
Investment Eains and losses
This inclL*des any gain or105S On the sale of investments and any gain or loss resulting from revalLFing investments to
market value at the end of the Year.
EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised as soon as there is a legal or construrtive obligation committing the congregation to pay out
resources.
Governance costs
These ir¢clude costs of the prep8r3tion and examination of statutory accounts. the cost5 of trustee meetings and cost of
any legal advice to trustees on governance or constittstional matters.
Grants with performance conditions
Where the charity 8ives a grant with conditions for it5 payinei)t beir)8 a SV¥LifiL IEvel vl 5eJviLe vi uulput tu be provided,
such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants payable without performance conditions
These afe only recognised in the account£ whpn A r(Jmmitmpnt has been made and there are no conditions to be met
relating to the grant which remoin in the control of the charity.
A￿ET5
Tangible Fixed Assets
Tangible fixed assets for use by charity. These are capitalised if they can be used for more than one year and cost at least
£2.JOO. They are valued 8t C05t or. tf gifted, at the value to tlie iliarily uii r¥￿IF￿l. depreLld¢iuii IS LlidJ¥eLI iri tlie
accounts as the assets are kept in good state of repair.
15

an
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNT5 Iconfdl
ACCOUNTING POLICIES Iconi'dl
Investments
Investments quoted on a recosni5ed Stock exchange are walued at market value at the year end. Other investment a55et5
are included at trustees. best estimate of market value.
DONATIONS AND LEGACIES
Unrestritted
Ftsndg
Restricted Funds
Total Funds
2023
Total Funds
2022
Recorded glvlng
Loose collections
Gift Aid
Legacies and bequest
133.623
3.460
28,052
144.509
8,825
25,728
278,132
12,285
53,780
294,339
10,044
60,971
7,579
372,933
165.135
179.062
344,197
CHARtTA8LE ACTIVITIES
Unrestricted
Funds
Restrirted Funds
Total Funds
2023
Total Funds
2022
Income from charitable activities
Publications
8.457
8.457
702
3,314
675
702
702
8,457
9.159
3.989
OTHER TRADING A￿1VITIEs
Unrestrirted Restrirted Funds
Funds
Total Funds
2023
Total Funds
2022
Fundraising events
4.143
4.143
4.143
4,143
4.949
4,949
INVESTMENTS
Unrestrirted
Funds
Restricted Funds
Total Fynd$
2023
Total Furkd$
2022
Deposit interest
General investment fund
Gain oft revaluation
2,452
220
938
742
3.194
220
938
708
229
3.610
742
4.352
937
16

an
FIRST BALLYMENA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTE3 TO TtrIE ACCOUNT5 IconfO}
OTHER INCOME
Unrestrirted Restricted Funds
Totsl Funds
1023
Total Funds
2022
Grant5 received
Retirement gift
Other sn¢ome
4.500
3,265
4.970
3,092
11.327
13
3,833
8.333
3.846
8.346
13
RAISING FUNDS
Unrestricted
Funds
Restricted Funds
Total Funds
2023
Total Funds
2022
FWO envelopes
835
835
835
835
1.370
1.370
CHARITABLE A￿1vITEs
Unrestrirted
Furtds
Restrirted Funds
Total Funds
2023
Total Funds
2022
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donation5 to missions & chariiies
Governance cost5
15.120
15,120
664
115,222
71,547
54,949
2.678
260,180
15,222
696
89,072
54,669
56.310
2,749
218,718
115.222
6,933
64.614
54,949
586
2.092
140.031
120,149
OTHER EXPENDITURE
Unrestricted Fund5
Restricted Funds
Total Funds
2023
Total Funds
2022
Repairs and mair¢tenance
Retirement gift
LOSS on investment revaluaiion
10.914
10,914
4.972
yy
io
iu
io
10,914
10,924
11.545
17

Presbyter
an
FIRST BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS Iconvdl
10. EMPLOYEE5
Employment Costs
2023
2022
Wage5 and Salaries
13.944
13.755
Number of employee
Tlie *iverd8e number of employees during ihe year was
2023
2022
Average number of employees
There were no employees in receipt of employee benefits in excess of £60,(XXI.
The ministef and the 35sOClate minister of the congregation are employees of the Presbyterian Church in Ireland, which is a
separate charity and they have not been reflected in the employee costs and average number of employees above. The
congregation pays an assessment to the Presbyterian Church in Ireland for both the minister and the associate minister.
The following amounts were paid during the year=
Total
2023
Total
2022
Minister stipend
Associate minister stipend
29.896
30.475
14,419
28,746
11. PENSION COSTS
The minister5 of the congregation are members of the Presbyterian Church in Ireland Pension Scheme120091. Thi5 IS a
scheme operated by the Presbyterian Church in I￿land, a separate registered charity. The congregation pay5 an
assessment to the Presbyterian Church in Ireland equivalent to the employerfs pension contribtstion for the Scheme and
based on the stipend paid to the minister. The Presbyterian Church in Ireland Pension Scheme120091 is a funded Scheme
of the defined benefit type, providinE defined benefits based on career averaeed revalupd salary. Thp £r.hpmo hA% x%<ptÉ
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 15 sufficiently funded to meet current and future obligations. A formal
schedule of cofttributions was drawn up on 25 November 2015 whereby the Presbyterian Church agrÈed 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 Service benefits and funding the scheme deficit.
The contributions made by the con8re8ation durinE the year were=
2023
2022
Contribution5
14,489
10,359
The congregation operates a defined pension contribution scheme for its employees, which is held by an independent
Scheme mana8er. The employee opted out of the scheme and therefore there is no pension charge in the Statement of
Financial Activity during the year.
18

an
FIRST BALLYMENA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS Iconfdl
12. TANGIBLE FIXED ASSErs
Building and
contents
Total
COST OR VALUATION
At l January 2023
Additions
Disposals
At 31 December 2023
1,717,958
1,717,958
1.717.958
1.717.958
DEPRECIATION
At l January 2023
Charge for the year
Eliminated on disposal
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
1.717.958
1.717,958
1,717.958
At 31 December 2022
1.717.958
The 8ssets of the Church comprise=
Church buildin& stores. and contents
Chur¢h hall bu¢lding and ¢onterrts
Manse at 19, Galgorm Road. Ballymena
All tangible fixed assets are included in the balance sheet at professional valuations obtained from external independent
valuers in 2021. No depreciation ha5 been provided on these assets as the current estimated residual value is not less than
the carrying value and the remaining useful life currently eX￿ed5 50 years. Thts is reviewed on an annual basis by the
Trustees.
13. INVESTMENTS
2023
2022
PCI General Investment
Shares in Barclays 8ank
11.301
320
10.363
330
11.621
10.693
2023
2022
Value as at 1st january 2023
Gainlllossl on revaluation
Value a5 at 31Jl December 2023
10,693
928
11.621
11.681
19881
10,693
19

an
FIRST BALLYMENA CONGREGATION OFTHE PRESB￿ERlAN CHURCH IN IRELAND
NOI ES TO THE ACCOUNTS Iconfdl
14. DEBTORS
2023
2022
Gift aid recoverable
Prepayments
13,000
5,550
18,550
17,000
10.529
27,529
15. CASH AT BANK AND IN HAND
2023
2022
Cash in hand
293.165
293.165
262.461
262.461
16. CREDITORS- amounts falling due within one year
2023
2022
Other ¢reditor5 and deferred income
Accruals
Interest free loans from members of the congregation
3,754
1.440
4.359
1.440
75,000
80.799
5.194
17. FUND BALANCES
Unrestricted Funds
Z023
2022
General fund
Investments Account
199.291
11.621
210.912
169,699
10.693
180.392
Restricted Funds
2023
2022
Missionary Account
Hoii%gkppJ)irtg Arrnijnt
Property Development Account
Charitable Support Ac£ount
Tots First Account
Catering Account
Indoor Bowling Club Account
First Grace Account
First Toiich Account
PW Account
On The Move Club AccoLtnt
Luncheon Club Account
Sunday School Account
713 Club Account
First Coffee Account
Boys 8riBadè Aetount
Girls 8riÈade Account
Helpi1i8 Haiids Accouiit
4,989
82,342
1,706.988
9.489
228
697
445
2,313
4ss
5.929
95.318
1.625.928
8,874
230
622
460
2,039
450
609
59
2.035
4.380
3.216
4,478
2,402
412
4,931
5,319
4.309
1.237
492
1.825.188
1.757.450
20

an
FIRST BALLYMENA CONGREGATION OF THE pRE5B￿ERrAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS l¢ont'dl
FUND BALANCES Iconvdl
Reconcillatlon of movement of funds
Opening
balance
Income
Expenditure
Transfers
C105inB
balance
Unrestrirted Funds
General Fund
lftve5tments Account
169,699
10,693
180,392
168.522
938
169.460
1140,8661
iioi
1140,8761
1.936
199.291
11.621
210.912
1.936
Restrirted Funds
Missionary Account
Hou&ekeepin8 Account
Property Development Account
ChaTjtable Support AccO￿nt
Tots First Account
Catering Account
Indoor 8owling Club Account
First Grace AccoL¢nt
First Touch Ac¢ount
PW Account
On The Move Cl¢Jb Account
Luncheon Club Account
St2nday School Account
711 f.lijh Arrnijnt
First Coffee Account
Boys Drigade Account
Girls Brigade Actount
Helping Hands Account
5.929
95.318
1.625.928
8.874
230
622
460
2.039
39.852
49,166
81,283
12,883
140,2921
162.3921
12231
112.2681
16061
1301
11801
14841
1601
12.4151
1651
15691
iioi
11.9891
12.0791
13,1091
13,6321
16601
1131.0631
15¢x)I
250
4,989
82,342
1,706,988
9,489
228
697
445
2,313
455
888
105
315
258
11501
500
65
2.694
133
1651
59
2,035
4.380
3,216
4.478
2.402
412
12.0251
2.540
4.182
2,940
2.378
740
4.931
5.319
4,309
1,237
492
89
1.757.450
200.737
11.9361
1,825.188
Total
1.937.842
370,197
1271.939)
2,036,100
Analysls of closing funds
Unrestricted Funds
Restricted Funds
Total Funds 2023
Total Funds 2022
11.621
201,431
12,1401
210,912
1.717.958
110.284
13.OS41
1.825.188
1,729,579
311,715
15,1941
2,036,100
1.728.GS1
289.990
180.7991
1.937.842
Current assets
Current liabilities
Total funds
21

an
FIRST BALLYMENA CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS Icont'dl
18. Related Party Transactions
Rev Emerson McDowell is a trustee of the church. In his capacity as the minister of the corigregation he received
remuneration of E2Y,896 and 8n expenses allowance ot £4.653. Rev Matthew Boyd is a trustee ot the church. In his capacity
a5 the associate minister of the conAreRation he received remuneration of £30.475 and an experhses allowance of £5.637.
Pension contributions of £7.175 and £7.314 respectively were 3150 paid by the congregation in respect of them to the
Presbyterran Church in Ireland Penston kheme120091. Employerfs NIC of £7,533 was paid to the Presbyterian Church in
Ireland for both ministers. The following payments were rrtade to Trustees in respect of reimbursernent of expen5e5. lame5
Donaghv1£181.601, Rodney Wright1£319.721. Ivan McNeill1£793.401. Tom Heaney1£290.001 Kay Lorimer1£218.581 and
Stgphpn l amont If174 871
During The year the congregaiion contributed ihe following amounts io Funds of the General Assembly of the Presbyterian
Church in Ireland, a separate charity..
Assessments
United Appeal
15.120
13,500
Thprp wprp nn nthpr rplxtpd pxrty trxnsxrtions.
22