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2022-12-31-accounts

Ballywatt Congregation of the Presbyterian Church in Ireland

Financial Statements

Year Ended 31[st] December 2022

NIC 105348

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022

Note Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2022 Total
2021
£ £ £ £ £
Receipts
Donations and legacies 2 76,161 32,055 108,215 102,339
Charitable activities 3 1,076 6,458 7,535 11,646
Other trading activities 4 8,200 600 8,800 3,336
Investment Income 5 0 234 234 216
Other Income 6 37 0 37 1,237
Sale of Investments 0
Sale of fixed assets 0
Loans Received 0
---------- ---------- ---------- ---------- ----------
Total Receipts 85,474 39,347 0 124,821 118,774
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 7 443 0 443 1,020
Charitable activities 8 84,004 28,604 112,608 103,849
Investment costs 0
Other Expenditure 9 0 364 364 0
---------- ---------- ---------- ---------- ----------
Sub Total 84,447 28,968 0 113,415 104,869
Purchase of Investments 0
Purchase of fixed assets 0
Loan Repayments 0 20,000
---------- ---------- ---------- ---------- ----------
Total Payments 84,447 28,968 0 113,415 124,869
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) 1,027 10,379 0 11,406 (6,095)
Transfers between funds (3,442) 3,442 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds (2,415) 13,821 0 11,406 (6,095)
Funds brought forward 40,857 60,719 0 101,576 107,671
---------- --------- ---------- ---------- ----------
Funds carried forward 12 38,442 74,540 0 112,982 101,576
====== ====== ====== ====== ======

Page 1

BALLYWAfiCONGREGATIONOFT
STATEMENT OFASSETSANDLIABILI
Asat31 December2022		 HEPRESBYTERIAN CHURCH
TIES		 HEPRESBYTERIAN CHURCH
TIES		 INIRELAND
UnrestrictedRestricted Endowment Total Total
Funds
fff		 Funds
Funds		 2022
f		 2021
f
FundsReconciliation
Bank andCashatstartofyear
Netmovementinfunds		 40,857
(2,4L5)
6O,7L9

13,821'		 101,576
Lt,406		 107,671
(6,095)
Bank andCashatend ofYear 38,442 74,540 0 LL2,982 tOL,576
Bank&CashBalances
Bank Accounts 1.12,972 101,566
CashinHand 10 10
tt2,992 !0L,5-/6
OtherAssets
Fixed Assets-Note10 5,789,t925,385,295
lnvestments-Note11 4,784 4,784
GiftAidreceivable ondonations l_3,000 L5,000
5,806,9765,405,079
Liabilities
Loans		 39,00039,000
39,00039,000

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND

NOTES TO THE ACCOUNTS for the year ended 31 December 2022

1. ACCOUNTING POLICIES

BASIS OF FINANCIAL STATEMENTS

As the total income of the congregation is less than £250,000 the congregation have elected to prepare its accounts on a receipts and payments basis, in accordance with the provisions in The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.

FUND ACCOUNTING

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 activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.

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.

2. DONATIONS AND LEGACIES

Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2022 Total
2021
£ £ £ £ £
Recorded giving 60,361 21,845 82,206 78,304
Loose collections 1,292 5,755 7,047 1,990
Donations and gifts 530 154 684 6,395
Gift Aid 8,977 4,301 13,278 15,650
Legacies and bequest 5,000 0 5,000 0
---------- ---------- ---------- ---------- ----------
76,161 32,055 0 108,215 102,339
---------- ---------- ---------- ---------- ----------

Page 3

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2022

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
Income from charitable activities 726 2,211 2,937 5,368
Fees from weddings and funerals 100 0 100 0
Fundraising events 0 693 693 1,862
Membership fees 0 2,725 2,725 2,366
Grants 250 830 1,080 2,050
---------- ---------- ---------- ---------- ----------
1,076 6,458 0 7,535 11,646
---------- ---------- ---------- ---------- ----------

4. OTHER TRADING ACTIVITIES

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
Letting of premises 8,200 0 8,200 2,800
Trading income 0 600 600 536
---------- ---------- ---------- ---------- ----------
8,200 600 0 8,800 3,336
---------- ---------- ---------- ---------- ----------

5. INVESTMENT INCOME

Bank interest

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
0 234 234 216
---------- ---------- ---------- ---------- ----------
0 234 0 234 216
---------- ---------- ---------- ---------- ----------

Page 4

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) for the year ended 31 December 2022

6. OTHER INCOME

6.OTHER INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
Other income 37 0 37 1,237
---------- ---------- ---------- ---------- ----------
37 0 0 37 1,237
---------- ---------- ---------- ---------- ----------
7.RAISING FUNDS
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
FWO envelopes 443 0 443 428
Fundraising events 0 0 0 592
---------- ---------- ---------- ---------- ----------
443 0 0 443 1,020
---------- ---------- ---------- ---------- ----------
8.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2022		 Total
2021
£ £ £ £ £
General Assembly Assessments 13,899 0 13,899 15,088
Presbytery fees 416 0 416 353
Ministry and support staff costs 50,066 600 50,666 48,206
Premises Costs 15,914 6,189 22,104 13,329
Congregational running expenses 2,489 7,252 9,741 13,329
Repairs and Maintenance 0 2,127 2,127 2,398
Donations to Missions and charities 920 12,436 13,356 10,846
Governance costs 300 0 300 300
---------- ---------- ---------- ---------- ----------
84,004 28,604 0 112,608 103,849
---------- ---------- ---------- ---------- ----------

Page 5

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) for the year ended 31 December 2022

9. OTHER EXPENDITURE

Unrestricte Restricted Endowmen Total Total
d Funds Funds t Funds 2022 2021
£ £ £ £ £
Other Expenditure 0 364 364 0
---------- ---------- ---------- ---------- ----------
0 364 0 364 0
---------- ---------- ---------- ---------- ----------

10. FIXED ASSETS

The congregation owns the Church premises situated at 14-26 Ballywatt Road, Coleraine BT52 2LT together with the associated fixtures, fittings, plant and machinery. These have an insurance value of:-

Church
Church Hall
Manse		 2,022
2,021
£
£
3,279,229 3,050,446
1,830,622 1,702,904
679,341
631,945
5,789,192 5,385,295

11. INVESTMENTS

The congregation has the following investments. Amounts are shown at market valuation.

2,022 2,021
Endowment Funds £ £
Danske Bank Investments 2,000 2,000
Other investments
---------- ----------
2,000 2,000
---------- ----------
Other Investments
3.5% War Stock 2,674 2,674
Danske Bank Investments 110 110
---------- ----------
2,784 2,784
---------- ----------
Fund Summary of Investments
Unrestricted 4,674 4,674
Stipend 110 110
---------- ----------
4,784 4,784
---------- ----------

War Stock redemption has been delayed pending proof of ownership.

Page 6

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) for the year ended 31 December 2022

12. FUND BALANCES

Fund Balance at
start		 Receipts Payment Surplus /
(Deficit)		 Transfer Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 40,857 85,474 84,447 1,027 (3,442) 38,442
---------- ---------- ---------- ---------- ---------- ----------
40,857 85,474 84,447 1,027 (3,442) 38,442
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Property Fund 32,532 19,713 8,567 11,146 43,678
United Appeal 0 6,151 6,168 (17) 17 0
World Development Appeal 0 400 400 0 0
Outreach Fund 753 0 130 (130) 623
Royal British Legion 0 432 432 0 0
Christian Aid 0 448 448 0 0
Presbyterian Children's Society 0 651 651 0 0
Moderator's Appeal 0 2,260 2,260 0 0
Queen's Platinum Jubilee Fund 0 750 750 0 0
Farm 0 600 600 0 0
Minister's Bequests 640 0 0 0 640
Girls' Brigade 7,543 2,239 3,726 (1,487) (325) 5,731
Boys' Brigade 3,821 1,345 1,134 211 4,032
Bowling Club 616 1,310 137 1,173 (700) 1,089
Presbyterian Women 12,407 1,045 1,270 (225) (500) 11,682
Tea & Tots 46 496 446 50 96
Children's Church 662 301 0 301 963
Youth Fellowship 300 100 64 36 336
Children & Youth Support 0 0 489 (489) 5,000 4,511
Friendship Group 660 1,106 1,157 (51) (50) 559
Sunday School 579 0 139 (139) 440
Ladies Bible Study 160 0 0 0 160
---------- ---------- ---------- ---------- ---------- ----------
60,719 39,347 28,968 10,379 3,442 74,540
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 101,576 124,821 113,415 11,406 0 112,982
======= ======= ======= ======= ======= =======

Page 7

Independent examiner’s report to the trustees of Ballywatt Congregation of The Presbyterian Church in Ireland

I report on the accounts of the Charity for the year ended 31 December 2022, which are set out on pages 1 to 7.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. The charity’s trustees consider that an audit is not required for this year under section 65(2) of the Charities Act (Northern Ireland) 2008 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9) (b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met or

Olive K Wallace ACMA, CGMA OK Wallace Accountancy and Bookkeeping 101 Coolyvenny Road Coleraine BT51 3SF

13 April 2023