BALLYBLACK PRESBYTERIAN CHURCH - ACCOUNTS 2024
The Trustees present their Financial Statements for the year ended 31 December 2024 including a Statement of Assets and Liabilities as at that date.
| Receipts Donations and legacies 2 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 2024 2023 £ £ £ £ £ 51,032 18,847 0 69,879 66,622 0 8,678 0 8,678 8,890 0 0 0 0 0 343 5,146 0 5,489 5,307 9,854 350 0 10,204 9,671 |
|---|---|
| 61,229 33,021 0 94,250 90,490 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 61,229 33,021 0 94,250 90,490 |
|
| 375 0 0 375 296 42,383 36,474 0 78,857 95,038 0 0 0 0 0 0 424 0 424 1,480 |
|
| 42,758 36,898 79,656 96,814 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 42,758 36,898 0 79,656 96,814 |
|
| 18,471 -3,877 0 14,594 -6,324 -7,139 6,900 -239 0 |
|
| 11,332 3,023 0 14,355 -6,324 87,107 17,252 3,600 107,959 114,283 |
|
| 98,439 20,275 3,600 122,314 107,959 |
STATEMENT OF ASSETS AND LIABILITIES as at 31 December 2024
| 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 2024 Total 2023 £ £ £ £ £ 87,107 17,252 3,600 107,959 114,283 11,332 3,023 0 14,355 -6,324 |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 87,107 17,252 3,600 107,959 114,283 11,332 3,023 0 14,355 -6,324 |
|---|---|---|
| 98,439 20,275 3,600 122,314 -107,959 |
||
| 48,176 30,295 72,586 77,066 1,552 598 |
||
| 122,314 107,959 |
BALLYBLACK PRESBYTERIAN CHURCH - ACCOUNTS 2024
Other Assets
| Fixed Assets – Note 10 - Church Premises - Fixtures, Fittings & Equipment - Vehicles Investments – Note 11 Liabilities Loans |
0 0 |
|---|---|
| 0 0 |
|
| 0 0 |
|
| 0 0 |
The above Other Assets and Liabilities are shown for Note purposes only.
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 2024 Total 2023 £ £ £ £ £ 1,553 0 1,553 735 41,202 16,012 57,214 55,760 8,277 2,835 11,112 10,127 0 0 0 0 |
|---|---|
| 51,032 18,847 0 69,879 66,622 |
3. CHARITABLE ACTIVITIES
| Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants |
Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 0 2,805 0 2,805 1,914 0 1,010 0 1,010 500 0 2,011 0 2,011 3,516 0 1,165 0 1,165 1,560 0 1,687 0 1,687 1,400 |
|---|---|
| 0 8,678 0 8,678 8,890 |
BALLYBLACK PRESBYTERIAN CHURCH - ACCOUNTS 2024
NOTES TO THE ACCOUNTS (continued)
| 4.OTHER TRADING ACTIVITIES Letting of premises Trading income 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 2024 Total 2023 £ £ £ £ £ 0 0 0 0 0 0 0 0 0 0 |
|---|---|
| 0 0 0 0 0 |
|
| Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 343 706 0 1,049 867 0 0 0 0 0 0 4,440 0 4,440 4,440 0 0 0 0 0 |
|
| 343 5,146 0 5,489 5,307 |
|
| Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 0 0 0 0 0 9,854 350 0 10,204 9,671 |
|
| 9,854 350 0 10,204 9,671 |
|
| Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 375 0 0 375 296 0 0 0 0 0 |
|
| 375 0 0 375 296 |
|
| Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 13,521 0 0 13,521 12,959 481 0 0 481 459 24,581 0 0 24,581 23,717 3,320 28,033 0 31,353 50,652 0 8,441 0 8,441 6,867 480 0 0 480 384 |
|
| 42,383 36,474 0 78,857 95,038 |
BALLYBLACK PRESBYTERIAN CHURCH - ACCOUNTS 2024
NOTES TO THE ACCOUNTS (continued)
9. OTHER EXPENDITURE
| Investment properties expenses | Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 £ £ £ £ £ 0 424 0 424 1,480 |
|---|---|
| 0 424 0 424 1,480 |
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 £1128750......, £959437....... and £109442...... respectively. The congregation also owns the Manse, situated at 17 Ballyblack Road, Newtownards BT22 2AP. This has an insurance value of £451500..........
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
| Unrestricted | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | |||||
| General Investment Fund | 0 | 0 | 0 | 0 | 0 | |
| 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 £ £ £ £ £ £ 87,107 61,229 42,758 18,471 -7,139 98,439 |
|---|---|
| 87,107 61,229 42,758 18,471 -7,139 98,439 |
|
| 7,851 20,191 20,528 -337 5,000 12,514 728 6,148 8,211 -2,063 1,900 565 648 225 364 -139 509 562 0 0 0 562 1,014 0 0 0 1,014 4,104 3,895 4,963 -1,068 3,036 121 1,000 1,113 -113 8 931 1,563 1,720 -157 774 1,192 0 0 0 1,192 101 0 0 0 101 |
|
| 17,252 33,022 36,899 -3,877 6,900 20,275 |
|
| 3,600 0 3,600 |
|
| 3,600 0 0 0 0 3,600 |
|
| 107,959 94,251 79,657 14,594 -239 122,314 |