OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

Ballywatt Congregation of the Presbyterian Church in Ireland

Financial Statements Year Ended 31[st] December 2023

NIC 105348

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023

Note Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2023 Total
2022
£ £ £ £ £
Receipts
Donations and legacies 2 75,696 31,008 106,704 108,215
Charitable activities 3 696 18,209 18,905 7,535
Other trading activities 4 6,000 600 6,600 8,800
Investment Income 5 0 174 174 234
Other Income 6 116 0 116 37
Sale of Investments 0 0
Sale of fixed assets 0 0
Loans Received 0 0
---------- ---------- ---------- ---------- ----------
Total Receipts 82,508 49,991 0 132,499 124,821
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 7 460 34 494 443
Charitable activities 8 87,918 59,716 147,634 112,608
Other Expenditure 9 0 339 339 364
---------- ---------- ---------- ---------- ----------
Sub Total 88,378 60,088 0 148,467 113,415
Purchase of Investments 0 0
Purchase of fixed assets 0 0
Loan Repayments 15,000 15,000 0
---------- ---------- ---------- ---------- ----------
Total Payments 88,378 75,088 0 163,467 113,415
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) (5,870) (25,097) 0 (30,967) 11,406
Transfers between funds (59) 59 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds (5,929) (25,038) 0 (30,967) 11,406
Funds brought forward 38,442 74,540 0 112,982 101,576
---------- --------- ---------- ---------- ----------
Funds carried forward 12 32,513 49,502 0 82,015 112,982
====== ====== ====== ====== ======

Page 1

BALLywA￿ CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES A5 at 31 December 2023 Vnresirirted Restrirted Funds Fund5 Endowment Fund5 Total Total 2022 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 38,442 74,540 (5.9291 {25,038) 112.982 130.9671 101.576 11.406 Bank and Cash at end of year 32,513 49,502 82,015 112,982 Bank & Cash Balances ank Accounts Cash in Hand 82,005 io 112,972 io 112,982 Other Assets Fixed A55et5- Note 10 6,223,382 5,789,192 Investments- Note 11 Gift Aid receivable on donation5 4. /154 14,000 4, 1114 13,000 6,242.166 5,806.976 Liabilitie5 Loans 24,000 39,000 24,000 39,000 Approved by the Kirk session at a meeting on I f 03 JO2¥ and signed on its behalt by Name Name Date Datc If Page 2

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND

NOTES TO THE ACCOUNTS for the year ended 31 December 2023

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 2023 Total
2022
£ £ £ £ £
Recorded giving 60,149 19,630 79,779 82,206
Loose collections 3,769 6,601 10,371 7,047
Donations and gifts 2,135 345 2,480 684
Gift Aid 9,642 4,432 14,074 13,278
Legacies and bequest 0 0 0 5,000
---------- ---------- ---------- ---------- ----------
75,696 31,008 0 106,704 108,215
---------- ---------- ---------- ---------- ----------

Page 3

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2023

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Income from charitable activities 446 4,345 4,791 2,937
Fees from weddings and funerals 250 0 250 100
Fundraising events 0 4,073 4,073 693
Membership fees 0 3,100 3,100 2,725
Grants 0 6,691 6,691 1,080
---------- ---------- ---------- ---------- ----------
696 18,209 0 18,905 7,535
---------- ---------- ---------- ---------- ----------
4.OTHER TRADING ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Letting of premises 6,000 0 6,000 8,200
Trading income 0 600 600 600
---------- ---------- ---------- ---------- ----------
6,000 600 0 6,600 8,800
---------- ---------- ---------- ---------- ----------

5. INVESTMENT INCOME

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Bank interest 0 174 174 234
---------- ---------- ---------- ---------- ----------
0 174 0 174 234
---------- ---------- ---------- ---------- ----------

Page 4

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) for the year ended 31 December 2023

6. OTHER INCOME

6.OTHER INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Other income 116 0 116 37
---------- ---------- ---------- ---------- ----------
116 0 0 116 37
---------- ---------- ---------- ---------- ----------
7.RAISING FUNDS
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
FWO envelopes 460 0 460 443
Fundraising events 0 34 34 0
---------- ---------- ---------- ---------- ----------
460 34 0 494 443
---------- ---------- ---------- ---------- ----------
8.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
General Assembly Assessments 14,191 0 14,191 13,899
Presbytery fees 454 0 454 416
Ministry and support staff costs 53,031 600 53,631 50,666
Premises Costs 11,484 6,639 18,123 22,104
Congregational running expenses 3,898 15,472 19,370 9,740
Repairs and Maintenance 1,680 23,313 24,993 2,127
Donations to Missions and charities 2,220 13,692 15,912 13,356
Governance costs 960 0 960 300
---------- ---------- ---------- ---------- ----------
87,918 59,716 0 147,634 112,608
---------- ---------- ---------- ---------- ----------

Page 5

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) for the year ended 31 December 2023

9. OTHER EXPENDITURE

Unrestricte Restricted Endowmen Total Total
d Funds Funds t Funds 2023 2022
£ £ £ £ £
Other Expenditure 0 339 339 364
---------- ---------- ---------- ---------- ----------
0 339 0 339 364
---------- ---------- ---------- ---------- ----------

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		 2023
2022
£
£
3,525,172 3,279,229
1,967,918 1,830,622
730,292
679,341
6,223,382 5,789,192

11. INVESTMENTS

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

2023 2022
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 2023

12. FUND BALANCES

Fund Balance at
start		 Receipts Payment Surplus /
(Deficit)		 Transfer Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 38,442 82,008 88,378 (6,370) (59) 32,013
Funeral Fund 0 500 0 500 500
---------- ---------- ---------- ---------- ---------- ----------
38,442 82,508 88,378 (5,870) (59) 32,513
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Property Fund 43,678 20,434 45,194 (24,760) 18,918
United Appeal 0 5,484 6,530 (1,046) 1,046 0
World Development Appeal 0 260 260 0 0
Outreach Fund 623 0 30 (30) 593
Royal British Legion 0 476 559 (83) 83 0
Christian Aid 0 587 587 0 0
MERF Appeal - Turkey & Syria 0 1,410 1,410 0 0
Moderator's Appeal 0 452 452 0 0
Farm 0 600 600 0 0
Minister's Bequests 640 0 0 0 640
Girls' Brigade 5,731 7,535 7,224 311 (350) 5,692
Boys' Brigade 4,032 2,892 3,328 (436) 3,596
Bowling Club 1,089 1,000 234 766 (695) 1,160
Presbyterian Women 11,682 5,921 5,172 749 50 12,481
Tea & Tots 96 595 635 (40) 56
Children's Church 963 60 227 (167) 796
Youth Fellowship 336 120 110 10 346
Children and Youth Suport 4,511 0 649 (649) 3,862
Friendship Group 559 2,024 1,704 320 (75) 804
Sunday School 440 141 183 (42) 398
Ladies Bible Study 160 0 0 0 160
---------- ---------- ---------- ---------- ---------- ----------
74,540 49,991 75,088 (25,097) 59 49,502
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 112,982 132,499 163,466 (30,967) 0 82,015
======= ======= ======= ======= ======= =======

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 2023, 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

10 April 2024