2025-12-31-accounts - Ballywatt Congregation of the Prebyterian Church in Ireland

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Ballywatt Congregation of the Presbyterian Church in Ireland

Financial Statements Year Ended 31[st] December 2025

NIC

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2025

		Unrestricted Funds	Restricted Funds	Endowment Funds	Total 2025	Total 2024
		£	£	£	£	£
Receipts
Donations and legacies	2	78,856	48,313		127,170	111,996
Charitable activities	3	585	15,472		16,057	14,991
Other trading activities	4	6,000	7,111		13,111	6,500
Investment Income	5	0	202		202	160
Other Income	6	46	500		546	1,066
Sale of Investments					0	110
Sale of fixed assets					0	0
Loans Received					0	0
		----------	----------	----------	----------	----------
Total Receipts		85,487	71,598	0	157,085	134,823
		----------	----------	----------	----------	----------
Payments
Raising funds	7	424	0		424	455
Charitable activities	8	82,754	54,276		137,030	129,390
		----------	----------	----------	----------	----------
Sub Total		83,178	54,276	0	137,454	129,845
Purchase of Investments			750		750	0
Purchase of fixed assets			7,800		7,800	0
Loan Repayments			6,000		6,000	10,000
		----------	----------	----------	----------	----------
Total Payments		83,178	68,826	0	152,004	139,845
		----------	----------	----------	----------	----------
Net receipts / (payments)		2,309	2,772	0	5,081	(5,022)
Transfers between funds		1,363	(1,363)		0
		----------	----------	----------	----------	----------
Net movement in funds		3,672	1,409	0	5,081	(5,022)
Funds brought forward		35,071	41,922	0	76,993	82,015
		----------	---------	----------	----------	----------
Funds carried forward	11	38,743	43,331	0	82,074	76,993
		======	======	======	======	======

Page 1

BALLYWATh CONGREGATION OF THE PREs8ERlAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2025 Unrestricted Restritted Fund5 Funds Endowment Funds Total 2025 Total 2024 Funds Reconciliation Bank and Cash at start of year Net movement in funds 35,071 3,672 41,922 1,409 76,993 5,081 82,015 15,0221 Bank and Cash at end of year 38,743 43,331 82,074 76,993 Bank & Cash Balances Bank Account5 Cash in Hand 82,074 76,993 82,074 76,993 Other Assets Fixed Assets - Note 9 6.534,550 6,534,550 Investments- Note 10 Gift Aid receiv8 ble on donations 5,372 14,000 4,698 13,500 6,553,922 6,552,748 Liabilities Loans 20,000 26,000 20,000 26,000 Approved by the Kirk Session at a meeting on 22 2< and signed on its behalf by Name Name 455 Date 11-65-A6 Date 22 Page 2

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS

for the year ended 31 December 2025

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 2025	Total 2024
	£	£	£	£	£
Recorded giving	65,671	23,028		88,699	83,693
Loose collections	1,526	7,082		8,608	8,741
Donations and gifts	1,365	13,744		15,109	5,293
Gift Aid	10,295	4,460		14,755	14,269
Legacies and bequest	0	0		0
	----------	----------	----------	----------	----------
	78,856	48,313	0	127,170	111,996
	----------	----------	----------	----------	----------

Page 3

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2025

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
	Unrestricted Funds	Restricted Funds	Endowment Funds Total 2025		Total 2024
	£	£	£	£	£
Income from charitable activities	585	4,200		4,785	5,447
Fees from weddings and funerals	0	0		0	87
Fundraising events	0	2,212		2,212	2,942
Membership fees	0	3,360		3,360	3,315
Grants	0	5,700		5,700	3,200
	----------	----------	----------	----------	----------
	585	15,472	0	16,057	14,991
	----------	----------	----------	----------	----------
4.OTHER TRADING ACTIVITIES
	Unrestricted Funds	Restricted Funds	Endowment Funds Total 2025		Total 2024
	£	£	£	£	£
Letting of premises	5,600	0		5,600	5,900
Trading income	400	7,111		7,511	600
	----------	----------	----------	----------	----------
	6,000	7,111	0	13,111	6,500
	----------	----------	----------	----------	----------
5.INVESTMENT INCOME
	Unrestricted Funds	Restricted Funds	Endowment Funds Total 2025		Total 2024
	£	£	£	£	£
Bank interest	0	149		149	160
General Investment Fund	0	53		53	0
	----------	----------	----------	----------	----------
	0	202	0	202	160
	----------	----------	----------	----------	----------

Page 4

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) for the year ended 31 December 2025

6. OTHER INCOME

6.OTHER INCOME
	Unrestricted Funds	Restricted Funds	Endowment Funds	Total 2025	Total 2024
	£	£	£	£	£
Insurance claims	0	0		0	502
Other income	46	500		546	564
	----------	----------	----------	----------	----------
	46	500	0	546	1,066
	----------	----------	----------	----------	----------
7.RAISING FUNDS
	Unrestricted Funds	Restricted Funds	Endowment Funds	Total 2025	Total 2024
	£	£	£	£	£
FWO envelopes	424	0		424	455
	----------	----------	----------	----------	----------
	424	0	0	424	455
	----------	----------	----------	----------	----------
8.CHARITABLE ACTIVITIES
	Unrestricted Funds	Restricted Funds	Endowment Funds	Total 2025	Total 2024
	£	£	£	£	£
General Assembly Assessments	12,386	0		12,386	15,464
Presbytery fees	471	0		471	456
Ministry and support staff costs	58,283	653		58,936	56,216
Premises Costs	7,647	7,129		14,776	14,577
Congregational running expenses	1,215	15,809		17,023	17,794
Repairs and Maintenance	696	12,510		13,206	11,573
Donations to Missions and charities	920	17,265		18,185	12,675
Governance costs	1,137	909		2,046	635
	----------	----------	----------	----------	----------
	82,754	54,276	0	137,030	129,390
	----------	----------	----------	----------	----------

Page 5

BALLYWATT CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) for the year ended 31 December 2025

9. 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:-

These have an insurance value of:-
Church Church Hall Manse	2025 2024 £ £ 3,701,430 3,701,430 2,066,314 2,066,314 766,806 766,806
	6,534,550 6,534,550

10. INVESTMENTS

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

	2025	2024
Endowment Funds	£	£
PCI General Investment Fund	2,698	2,024
	----------	----------
	2,698	2,024
	----------	----------
Other Investments
3.5% War Stock	2,674	2,674
	----------	----------
	2,674	2,674
	----------	----------
Fund Summary of Investments
Unrestricted	4,610	4,698
Stipend	762	0
	----------	----------
	5,372	4,698
	----------	----------

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 2025

11. FUND BALANCES

Fund	Balance at start	Receipts	Payment	Surplus / (Deficit)	Transfer	Balance at end
	£	£	£	£	£	£
Unrestricted Funds
General Fund	33,796	84,882	83,178	1,704	1,363	36,863
Funeral Fund	1,275	605	0	605		1,880
	----------	----------	----------	----------	----------	----------
	35,071	85,487	83,178	2,309	1,363	38,743
	----------	----------	----------	----------	----------	----------
Restricted Funds
Property Fund	12,028	26,963	34,607	(7,644)		4,384
Adams Farm Fund	0	6,511	0	6,511		6,511
United Appeal	0	6,830	6,830	0		0
World Development Appeal	0	410	410	0		0
Outreach Fund	213	0	30	(30)		183
Royal British Legion	0	354	354	0		0
Christian Aid	0	730	730	0		0
Presbyterian Children's Society	0	522	522	0		0
Cedar and Circle	0	622	622	0		0
Holiday Blible Club Grant	0	500	541	(41)	41	0
Farm	0	600	600	0		0
Minister's Bequests	750	53	803	(750)		0
Girls' Brigade	6,105	9,497	6,802	2,695	(360)	8,440
Boys' Brigade	4,174	4,039	3,595	444		4,618
Bowling Club	1,217	6,070	5,435	635	(669)	1,183
Presbyterian Women	11,817	2,808	3,226	(418)	(300)	11,099
Tea & Tots	106	608	637	(29)		77
Children's Church	796	95	0	95	(500)	391
Youth Fellowship	247	0	42	(42)		205
Children and Youth Suport	3,276	0	543	(543)		2,733
Friendship Group	974	2,282	2,155	127	(75)	1,026
Sunday School	59	2,104	342	1,762	500	2,321
Ladies Bible Study	160	0	0	0		160
				0		0
	----------	----------	----------	----------	----------	----------
	41,922	71,598	68,826	2,772	(1,363)	43,331
	----------	----------	----------	----------	----------	----------
TOTAL CASH FUNDS	76,993	157,085	152,004	5,081	0	82,074
	=======	=======	=======	=======	=======	=======

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 2025, 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:

examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008
for Northern Ireland under section 65(9)(b) of the Charities Act
to state whether particular matters have come to my attention.

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:

(1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 63 of the Charities Act and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2008

have not been met or

(2) to which, in my opinion, further information is required in order to enable a proper understanding of the accounts to be reached.

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

26 March 2026