2023-12-31-accounts

BALLYBLACK PRESBYTERIAN CHURCH - ACCOUNTS 2023

The Trustees present their Financial Statements for the year ended 31 December 2023 including a Statement of Assets and Liabilities as at that date.

Receipts Donations and legacies Charitable activities 3 Other trading activities 4 Investment Income 5 Other 6 Sale of Investments Sale of fixed assets Loans Received Total Receipts Payments Raising funds 7 Charitable activities 8 Investment costs Other 9 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments Net receipts / (payments) Transfers between funds Net movement in funds Funds brought forward Funds carried forward 12 Note

Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ 49,642 16,980 0 66,622 62,332 0 8,890 0 8,890 5,852 0 0 0 0 0 353 4,954 0 5,307 4,782 9,131 540 0 9,671 9,203 59,126 31,364 0 90,490 82,169 0 0 0 0 0 0 0 0 0 0 0 0 59,126 31,364 0 90,490 82,169 296 0 0 296 296 40,461 54,577 0 95,038 91,994 0 0 0 0 0 0 1,480 0 1,480 2,358 40,757 56,057 96,814 94,648 0 0 0 0 0 0 0 0 0 0 0 0 40,757 56,057 0 96,814 94,648 18,369 -24,693 0 -6,324 -12,479 -27,641 27,641 0 0 -9,272 2,948 0 -6,324 -12,479 96,379 14,304 3,600 114,283 126,762 87,107 17,252 3,600 107,959 114,283

STATEMENT OF ASSETS AND LIABILITIES as at 31 December 2023

Funds Reconciliation Bank and Cash at start of year Net movement in funds Bank and Cash at end of year Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand	Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 96,379 14,304 3,600 114,283 126,764 -9,272 2,948 0 -6,324 -12,479 87,107 17,252 3,600 107,959 114,283 30,295 62,333 77,066 51,354 598 596 107,959 114,283

	Total	Total
	2423	2022
OtherAssets
Fixed Assets-Note10
-ChurchPremises
-Fixtures, Fittings&Equipment
-Vehicles
lnvestments-Note11.	00
	00
Liabilities
Loans	00
	00

BALLYBLACK PRESBYTERIAN CHURCH - ACCOUNTS 2023

NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

BASIS OF FINANCIAL STATEMENTS

These accounts include the Church and all its associated organisations.

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

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

Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest	Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 735 0 735 757 41,630 14,130 55,760 52,201 7,277 2,850 10,127 9,374 0 0 0 0 49,642 16,980 0 66,622 62,332

3. CHARITABLE ACTIVITIES

Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants	Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 0 1,914 1,914 270 0 500 500 0 0 3,516 3,516 2,054 0 1,560 1,560 2,128 0 1,400 1,400 1,400 0 8,890 0 8,890 5,852

BALLYBLACK PRESBYTERIAN CHURCH - ACCOUNTS 2023

NOTES TO THE ACCOUNTS (CONTINUED)

4. OTHER TRADING ACTIVITIES

Letting of premises Trading income	Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 0 0 0 0 0 0 0 0 0

NOTES TO THE ACCOUNTS (continued)

5.INVESTMENT INCOME Deposit interest General Investment Fund Rents investment properties Other investment income 6.OTHER INCOME Insurance claims Other income 7.RAISING FUNDS FWO envelopes Fundraising events 8.CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs

Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 353 514 867 342 0 0 0 0 4,440 4,440 4,440 0 0 0 0 353 4,954 0 5,307 4,782 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 0 0 0 0 9,131 540 9,671 9,203 9,131 540 0 9,671 9,203 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 296 0 296 296 0 0 0 0 0 0 296 0 0 296 296 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 12,959 0 12,959 12,400 459 0 459 427 23,717 0 23,717 22,209 2,942 47,710 50,652 48,241 0 6,867 6,867 8,333 384 0 384 384 40,461 54,577 0 95,038 91,994

BALLYBLACK PRESBYTERIAN CHURCH - ACCOUNTS 2023

NOTES TO THE ACCOUNTS (continued)

9. OTHER EXPENDITURE

Investment properties expenses	Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 0 1,480 1,480 2,358 0 1,480 0 1,480 2,358

10. FIXED ASSETS

The congregation owns the Church building, the Church Hall and the Cottage, all situated at 29 Ballyblack Road, Newtownards BT22 2AS, and the associated fixtures, fittings, plant and machinery. These have an insurance value of £1,075,000, £914,000 and £104,230 respectively. The congregation also owns the Manse, situated at 17 Ballyblack Road, Newtownards BT22 2AP. This has an insurance value of £430,000.

NOTES TO THE ACCOUNTS (continued)

11. INVESTMENTS

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

General Investment Fund	0 0 0 Unrestricted Funds Unrestricted Funds Restricted Funds Endowment Funds	£ £ 0 0 Total 2023 Total 2022
Property	0 0 0	0 0
Other investments	0 0 0	0 0
		0 0

12. FUND BALANCES

Fund Unrestricted Funds General Fund Restricted Funds Property & Development Fund Missions & Charities Fund Bowling Club Badminton Club Sunday School GB Souper Seniors PW BB Youth Club Endowment Funds Trust Fund Total

Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end £ £ £ £ £ £ 96,379 59,126 40,756 18,370 -27,641 87,107 96,379 59,126 40,756 18,370 -27,641 87,107 6,066 19,429 42,644 -23,215 25,000 7,851 0 5,373 6,868 -1,495 2,223 728 716 200 #VALUE! #VALUE! 562 0 0 0 562 1,014 0 0 0 1,014 4,264 3,931 4,309 -378 218 4,104 0 978 857 121 121 389 1,453 1,111 342 200 931 1,192 0 0 0 1,192 101 0 0 0 101 14,304 31,364 55,789 #VALUE! 27,641 #VALUE! 3,600 0 3,600 3,600 0 0 0 0 3,600 114,283 90,490 96,545 #VALUE! 0 #VALUE!