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2024-12-31-accounts

Ballywatt Congregation of the Presbyterian Church in Ireland

Financial Statements Year Ended 31[st] December 2024

NIC 105348

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024

Note Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2024 Total
2023
£ £ £ £ £
Receipts
Donations and legacies 2 78,752 33,244 111,996 106,705
Charitable activities 3 427 14,564 14,990 18,905
Other trading activities 4 5,900 600 6,500 6,600
Investment Income 5 0 160 160 174
Other Income 6 510 555 1,066 116
Sale of Investments 0 110 110 0
Sale of fixed assets 0 0 0 0
Loans Received 0 0 0 0
---------- ---------- ---------- ---------- ----------
Total Receipts 85,589 49,233 0 134,822 132,500
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 7 455 0 455 494
Charitable activities 8 83,992 45,397 129,389 147,634
Investment costs 0 0 0 0
Other Expenditure 9 0 0 0 339
---------- ---------- ---------- ---------- ----------
Sub Total 84,447 45,397 0 129,844 148,467
Purchase of Investments 0 0 0 0
Purchase of fixed assets 0 0 0 0
Loan Repayments 10,000 10,000 15,000
---------- ---------- ---------- ---------- ----------
Total Payments 84,447 55,397 0 139,844 163,467
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) 1,142 (6,164) 0 (5,022) (30,967)
Transfers between funds 1,416 (1,416) 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds 2,558 (7,580) 0 (5,022) (30,967)
Funds brought forward 32,513 49,502 0 82,015 112,982
---------- --------- ---------- ---------- ----------
Funds carried forward 12 35,071 41,922 0 76,993 82,015
====== ====== ====== ====== ======

Page 1

BALlywA￿ CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMEKf OF ASSETS AND LIABILrriES As at 31 December 2024 Unrestyicted Re5tritted Endowment Funds Funds Funds Total 2023 Totsl 2024 Fund5 Reconciliation Bank and Cash at start of year Net movement in funds 32,513 2.558 49,502 (7.580) 82,015 112,982 {5,023) (30,967) Bank and Cash at end of year 35.071 41,922 76.993 82,015 Bank & Cash Balances Bank Accounts Cash in Hand 76,993 82,005 10 76,993 82,015 Other Assets Fixed Assets- Note 10 6,534,550 6,223,382 Investments - Note 11 Gift Aid receivable on donations 4.698 13,500 4,784 14,000 6.552,748 6,242,166 Liabilities Loans 26.000 36,000 26,0(K) 36,000 Approved by the Kirk Session at a meeting on l/ and signed on its behalf by Name Name U)5 Date Date Page 2

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND

NOTES TO THE ACCOUNTS for the year ended 31 December 2024

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 2024 Total
2023
£ £ £ £ £
Recorded giving 62,718 20,976 83,694 79,779
Loose collections 3,339 5,401 8,741 10,372
Donations and gifts 2,600 2,693 5,293 2,480
Gift Aid 10,095 4,174 14,269 14,074
---------- ---------- ---------- ---------- ----------
78,752 33,244 0 111,996 106,705
---------- ---------- ---------- ---------- ----------

Page 3

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2024

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2024		 Total
2023
£ £ £ £ £
Income from charitable activities 340 5,107 5,447 4,791
Fees from weddings and funerals 87 0 87 250
Fundraising events 0 2,942 2,942 4,073
Membership fees 0 3,315 3,315 3,100
Grants 0 3,200 3,200 6,691
---------- ---------- ---------- ---------- ----------
427 14,564 0 14,990 18,905
---------- ---------- ---------- ---------- ----------

4. OTHER TRADING ACTIVITIES

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2024		 Total
2023
£ £ £ £ £
Letting of premises 5,900 0 5,900 6,000
Trading income 0 600 600 600
---------- ---------- ---------- ---------- ----------
5,900 600 0 6,500 6,600
---------- ---------- ---------- ---------- ----------
5.INVESTMENT INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2024		 Total
2023
£ £ £ £ £
Bank interest 0 160 160 174
General Investment Fund 0 0 0 0
---------- ---------- ---------- ---------- ----------
0 160 0 160 174
---------- ---------- ---------- ---------- ----------

Page 4

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) for the year ended 31 December 2024

6. OTHER INCOME

6.OTHER INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2024		 Total
2023
£ £ £ £ £
Insurance claims 0 502 502
Other income 510 53 564 116
---------- ---------- ---------- ---------- ----------
510 555 0 1,066 116
---------- ---------- ---------- ---------- ----------
7.RAISING FUNDS
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2024		 Total
2023
£ £ £ £ £
FWO envelopes 455 0 455 460
Fundraising events 0 0 0 34
---------- ---------- ---------- ---------- ----------
455 0 0 455 494
---------- ---------- ---------- ---------- ----------
8.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2024		 Total
2023
£ £ £ £ £
General Assembly Assessments 15,464 0 15,464 14,191
Presbytery fees 456 0 456 454
Ministry and support staff costs 55,616 600 56,216 53,631
Premises Costs 7,604 6,973 14,577 18,123
Congregational running expenses 2,004 15,791 17,794 19,370
Repairs and Maintenance 1,290 10,284 11,573 24,993
Donations to Missions and charities 925 11,750 12,675 15,912
Governance costs 635 0 635 960
---------- ---------- ---------- ---------- ----------
83,992 45,397 0 129,389 147,634
---------- ---------- ---------- ---------- ----------

Page 5

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) for the year ended 31 December 2024

9. OTHER EXPENDITURE

Unrestricte Restricted Endowmen Total Total
d Funds Funds t Funds 2024 2023
£ £ £ £ £
Other Expenditure 0 0 0 339
---------- ---------- ---------- ---------- ----------
0 0 0 0 339
---------- ---------- ---------- ---------- ----------

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		 2024
2023
£
£
3,701,430 3,525,172
2,066,314 1,967,918
766,806
730,292
6,534,550 6,223,382

11. INVESTMENTS

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

2024 2023
Endowment Funds £ £
Danske Bank Investments 0 2,000
PCI General Investment Fund 2,024 0
---------- ----------
2,024 2,000
---------- ----------
Other Investments
35% War Stock 2,674 2,674
Danske Bank Investments 0 110
---------- ----------
2,674 2,784
---------- ----------
Fund Summary of Investments
Unrestricted 4,698 4,674
Stipend 0 110
---------- ----------
4,698 4,784
---------- ----------

Note

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 2024

12. FUND BALANCES

Fund Balance at
start		 Receipts Payment Surplus /
(Deficit)		 Transfer Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 32,013 84,769 84,402 367 1,416 33,796
Funeral Fund 500 820 45 775 1,275
---------- ---------- ---------- ---------- ---------- ----------
32,513 85,589 84,447 1,142 1,416 35,071
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Property Fund 18,918 20,619 27,509 (6,890) 12,028
United Appeal 0 6,569 6,569 0 0
World Development Appeal 0 430 430 0 0
Outreach Fund 593 0 380 (380) 213
Christian Aid 0 505 505 0 0
Presbyterian Children's Society 0 400 400 0 0
Farm 0 600 600 0 0
Minister's Bequests 640 110 0 110 750
Girls' Brigade 5,692 9,174 8,411 763 (350) 6,105
Boys' Brigade 3,596 3,494 2,916 578 4,174
Bowling Club 1,160 1,241 493 748 (691) 1,217
Presbyterian Women 12,481 2,887 3,251 (364) (300) 11,817
Tea & Tots 56 690 640 50 106
Children's Church 796 0 0 0 796
Youth Fellowship 346 0 99 (99) 247
Children and Youth Suport 3,862 0 586 (586) 3,276
Friendship Group 804 2,079 1,834 245 (75) 974
Sunday School 398 435 774 (339) 59
Ladies Bible Study 160 0 0 0 160
---------- ---------- ---------- ---------- ---------- ----------
49,502 49,233 55,397 (6,164) (1,416) 41,922
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 82,015 134,822 139,844 (5,022) 0 76,993
======= ======= ======= ======= ======= =======

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 2024, 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

17 March 2025