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2021-12-31-accounts

Ballysally Congregation of the Presbyterian Church in Ireland

Financial Statements Year Ended 31[st] December 2021

NIC 105410

BALLYSALLY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2021

Note Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2021 Total
2020
£ £ £ £ £
Receipts
Donations and legacies 2 73,883 32,803 106,686 80,414
Charitable activities 3 886 77,789 78,675 99,764
Other trading activities 4 0 46 46 46
Investment Income 5 0 3 3 333
Other Income 6 0 644 644 200
---------- ---------- ---------- ---------- ----------
Sub Total 74,769 111,285 0 186,054 180,757
Sale of Investments 0
Sale of fixed assets 0
Loans Received 0
---------- ---------- ---------- ---------- ----------
Total Receipts 74,769 111,285 0 186,054 180,757
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 7 280 0 280 876
Charitable activities 8 56,405 113,829 170,235 165,280
Investment costs 0
Other Expenditure 9 0 1,086 1,086 0
---------- ---------- ---------- ---------- ----------
Sub Total 56,685 114,916 0 171,601 166,156
Purchase of Investments 0
Purchase of fixed assets 4,400 4,400 1,200
Loan Repayments 0
---------- ---------- ---------- ---------- ----------
Total Payments 56,685 119,316 0 176,001 167,356
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) 18,084 (8,031) 0 10,053 13,401
Transfers between funds (1,286) 1,286 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds 16,798 (6,745) 0 10,053 13,401
Funds brought forward 105,557 64,750 0 170,307 156,906
---------- --------- ---------- ---------- ----------
Funds carried forward 11 122,355 58,005 0 180,360 170,307
====== ====== ====== ====== ======

Page 1

BALLYSALLY CONGREGATION OF ThE PRESBYIERIAN CHURCH IN IREiAND STATEMENf OF ASSET5 AND UABlU￿s As at 31 Decomber 2021 Totsl YJ21 T•t•l Funds fteconclllallon 8ank and Cash at stsrt of year Net movement in funds 105,557 64,750 16,798 16,7451 170,307 156,9t 10,053 13,401 Bank and Cash at end of year 122,35S 58,lJ)5 180,360 170,307 Bank & Cash Balances Bank Accounts Cash in Hand 180.241 170.178 119 129 180,360 170,307 Hxed Assets- Note 10 1,486,351 1,415,582 Other Assets Gift Aid receivable on donat￿n$ Enter detsils ofany other a$5ets 13,1)JO 13,COJ 13, 13,OJ) Approved by the Klrk Session at a meetin8 on and si8ned on its behalf by Name Name Date 171slit Date

BALLYSALLY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND

NOTES TO THE ACCOUNTS

for the year ended 31 December 2021

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 2021 Total
2020
£ £ £ £ £
Recorded giving 58,346 19,987 78,333 60,054
Loose collections 798 3,037 3,835 2,943
Donations and gifts 5,000 6,200 11,200 3,337
Gift Aid 9,739 3,579 13,318 14,080
Legacies and bequest 0 0 0
---------- ---------- ---------- ---------- ----------
73,883 32,803 0 106,686 80,414
---------- ---------- ---------- ---------- ----------

Page 3

BALLYSALLY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS for the year ended 31 December 2021

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2021		 Total
2020
£ £ £ £ £
Income from charitable activities 886 671 1,557 3,793
Fees from weddings and funerals 0 0 0 0
Fundraising events 0 0 0 799
Membership fees 0 124 124 273
Grants 0 76,994 76,994 94,899
---------- ---------- ---------- ---------- ----------
886 77,789 0 78,675 99,764
---------- ---------- ---------- ---------- ----------
4.OTHER TRADING ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2021		 Total
2020
£ £ £ £ £
Letting of premises 0 0 0 0
Trading income 0 46 46 46
---------- ---------- ---------- ---------- ----------
0 46 0 46 46
---------- ---------- ---------- ---------- ----------

5. INVESTMENT INCOME

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2021		 Total
2020
£ £ £ £ £
Bank interest 0 3 3 333
General Investment Fund 0 0 0
Other investment income 0 0 0
---------- ---------- ---------- ---------- ----------
0 3 0 3 333
---------- ---------- ---------- ---------- ----------

Page 4

BALLYSALLY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) for the year ended 31 December 2021

6. OTHER INCOME

6.OTHER INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2021		 Total
2020
£ £ £ £ £
Insurance claims 0 0 0 0
Other income 0 644 644 200
---------- ---------- ---------- ---------- ----------
0 644 0 644 200
---------- ---------- ---------- ---------- ----------
7.RAISING FUNDS
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2021		 Total
2020
£ £ £ £ £
FWO envelopes 280 0 280 876
Fundraising events 0 0 0 0
---------- ---------- ---------- ---------- ----------
280 0 0 280 876
---------- ---------- ---------- ---------- ----------
8.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2021		 Total
2020
£ £ £ £ £
General Assembly Assessments 10,078 0 10,078 10,853
Presbytery fees 289 0 289 235
Ministry and support staff costs 30,679 68,357 99,036 94,938
Premises Costs 4,510 616 5,125 7,695
Congregational running expenses 7,060 7,108 14,168 10,584
Repairs and Maintenance 3,289 19,780 23,070 30,055
Donations to Missions and charities 0 17,969 17,969 10,420
Governance costs 500 0 500 500
---------- ---------- ---------- ---------- ----------
56,405 113,829 0 170,235 165,280
---------- ---------- ---------- ---------- ----------

Page 5

BALLYSALLY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) for the year ended 31 December 2021

9. OTHER EXPENDITURE

Unrestricte Restricted Endowmen Total Total
d Funds Funds t Funds 2021 2020
£ £ £ £ £
Loan Interest 0 0 0
Other Expenditure 0 1,086 1,086
---------- ---------- ---------- ---------- ----------
0 1,086 0 1,086 0
---------- ---------- ---------- ---------- ----------

10. FIXED ASSETS

The congregation owns the Church premises situated at 2 Cloonavin Park, Coleraine, the Church Manse and the associated fixtures, fittings, plant and machinery. These have an insurance value of:£ Church and Church Hall and contents 1,144,766 Building of Manse 341,585 1,486,351

Page 6

BALLYSALLY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) for the year ended 31 December 2021

11. FUND BALANCES

Fund Balance at
start		 Receipts Payment Surplus /
(Deficit)		 Transfer Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 105,557 74,769 56,685 18,084 (1,286) 122,355
---------- ---------- ---------- ---------- ---------- ----------
105,557 74,769 56,685 18,084 (1,286) 122,355
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Building Fund (2,418) 13,550 24,180 (10,630) 150 (12,898)
United Appeal 0 4,600 (4,600) 4,600 0
World Development Appeal 391 2,498 2,889 (391) 0
General Missions Fund 1,015 14,366 8,500 5,866 (4,600) 2,281
Moderator's Appeal 0 0
Ambassadors 900 900 0 0
Open Doors 500 500 0 0
Christmas Hampers 0 150 605 (455) 455 0
Flower Fund 212 0 212
Imre (Romania Church) 0 0
Youth Romania Trip 0 0
Youth Ministry 46,902 1,103 0 1,103 48,005
Youth & Community Project 16,963 75,394 74,210 1,184 18,147
Youth Club 483 2,125 903 1,222 (100) 1,605
Presbyterian Women 101 639 640 (1) 100
Footsteps 82 0 0 0 82
Girls' Brigade 1,019 60 1,389 (1,329) 781 471
---------- ---------- ---------- ---------- ---------- ----------
64,750 111,285 119,316 (8,031) 1,286 58,005
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 170,307 186,054 176,001 10,053 0 180,360
======= ======= ======= ======= ======= =======

Page 7

Independent examiner’s report to the trustees of Ballysally Congregation of The Presbyterian Church in Ireland

I report on the accounts of the Charity for the year ended 31 December 2021, 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 18 May 2022