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2023-12-31-accounts

Ballysally Congregation of the Presbyterian Church in Ireland

Financial Statements

Year Ended 31[st] December 2023

NIC 105410

BALLYSALLY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023

Note Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2023 Total
2022
£ £ £ £ £
Receipts
Donations and legacies 2 97,439 35,476 132,914 143,745
Charitable activities 3 2,862 102,842 105,704 106,995
Other trading activities 4 0 53 53 48
Investment Income 5 0 321 321 58
Other Income 6 840 2,500 3,340 22,514
---------- ---------- ---------- ---------- ----------
Sub Total 101,140 141,192 0 242,332 273,360
Sale of Investments 0 0
Sale of fixed assets 0 0
Loans Received 0 0
---------- ---------- ---------- ---------- ----------
Total Receipts 101,140 141,192 0 242,332 273,360
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 7 143 0 143 0
Charitable activities 8 92,804 175,264 268,068 199,692
Other Expenditure 9 0 630 630 157
---------- ---------- ---------- ---------- ----------
Sub Total 92,947 175,894 0 268,841 199,849
Purchase of Investments 0 0
Purchase of fixed assets 0 4,158
Loan Repayments 0 0
---------- ---------- ---------- ---------- ----------
Total Payments 92,947 175,894 0 268,841 204,007
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) 8,194 (34,702) 0 (26,508) 69,353
Transfers between funds (47,396) 47,396 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds (39,202) 12,694 0 (26,508) 69,353
Funds brought forward 140,367 109,346 0 249,713 180,360
---------- --------- ---------- ---------- ----------
Funds carried forward 11 101,165 122,040 0 223,205 249,713
====== ====== ====== ====== ======

Page 1

BALLYSALLY cof4GREGATION OF THE PRE5B￿ERIAN CHURCH IN IRELAND STATEMENT OF ASSET5 AND LIABILMES As at 31 Decernber 2023 Unvestritted Restrfcted Endowment Total Funth Funds Funds 2023 Total 2022 Funds Reconclllatlon Bank and Cash at start ofyear Net movement ID funds 140.367 139.202} 109,346 12,694 249,713 (26,508) 180.360 69.353 Bank and Cash at end of year 101,165 122,040 223.205 249,713 Bank & Cash Balances Bank Accounts Cash in Hand 223,108 97 249,663 223.205 249,713 Fimed Assets- Note 10 1.717.675 1.597,838 Gift Aid recelvable on donations HMRC overpayment 19,0(Kl 19.C( 19.(KK) 21,844 Approved by the Kirk Session at a meeting on 22fvJ April 2024 and signed on its behalf by IName] [Datel ZL lJftfUL [DateJ -/,y/v*

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

31 December 2023

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 2023 Total
2022
£ £ £ £ £
Recorded giving 71111 20803 91914 81810
Loose collections 2308 1539 3847 8369
Donations and gifts 10815 7314 18129 34390
Gift Aid 13204 4821 18,025 19176
Legacies and bequests 0 1000 1000 0
---------- ---------- ---------- ---------- ----------
97439 35476 0 132914 143745
---------- ---------- ---------- ---------- ----------

Page 3

BALLYSALLY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Income from charitable activities 2,862 1,223 4,085 3,595
Fundraising events 0 807 807 437
Membership fees 0 984 984 688
Grants 0 99,829 99,829 102,275
---------- ---------- ---------- ---------- ----------
2,862 102,842 0 105,704 106,995
---------- ---------- ---------- ---------- ----------
4.OTHER TRADING ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Trading income 0 53 53 48
---------- ---------- ---------- ---------- ----------
0 53 0 53 48
---------- ---------- ---------- ---------- ----------
5.INVESTMENT INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Bank interest 0 321 321 58
---------- ---------- ---------- ---------- ----------
0 321 0 321 58
---------- ---------- ---------- ---------- ----------

Page 4

BALLYSALLY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

6. OTHER INCOME

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Insurance claims 0 2,500 2,500 22,500
Other income 840 0 840 14
---------- ---------- ---------- ---------- ----------
840 2,500 0 3,340 22,514
---------- ---------- ---------- ---------- ----------

7. RAISING FUNDS

7.RAISING FUNDS
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
FWO envelopes 143 0 143 0
---------- ---------- ---------- ---------- ----------
143 0 0 143 0
---------- ---------- ---------- ---------- ----------
8.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
General Assembly Assessments 12,212 0 12,212 10,196
Presbytery fees 936 0 936 444
Ministry and support staff costs 32,286 77,865 110,151 126,143
Premises Costs 21,321 0 21,321 3,697
Congregational running expenses 14,354 11,120 25,474 29,276
Repairs and Maintenance 2,116 62,276 64,391 10,149
Donations to Missions and charities 8,979 24,003 32,982 19,287
Governance costs 600 0 600 500
---------- ---------- ---------- ---------- ----------
92,804 175,264 0 268,068 199,692
---------- ---------- ---------- ---------- ----------

9. OTHER EXPENDITURE

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Other Expenditure 0 630 630 157
---------- ---------- ---------- ---------- ----------
0 630 0 630 157
---------- ---------- ---------- ---------- ----------

Page 5

BALLYSALLY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

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 1,322,931 Building of Manse 394,744 1,717,675

11. FUND BALANCES

Fund Balance at
start		 Receipts Payment Surplus /
(Deficit)		 **Transfer ** Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 140,367 101,140 92,946 8,194 (47,396) 101,165
---------- ---------- ---------- ---------- ---------- ----------
140,367 101,140 92,946 8,194 (47,396) 101,165
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Building Fund 11,308 16,041 62,276 (46,235) 45,667 10,740
United Appeal 0 5,400 (5,400) 5,400 0
World Development Appeal 0 1,973 1,973 0 0
General Missions Fund 3,987 12,188 8,156 4,032 (5,400) 2,619
Moderator's Appeal 0 3,743 3,743 0 0
Christmas Hampers 0 260 740 (480) 480 0
Flower Fund 212 0 212 (212) 0
America Fest 0 750 800 (50) 50 0
Ambassadors 0 1,565 1,565 0 0
Open Doors 0 555 555 0 0
King's Coronation Fund 0 300 399 (99) 99 0
Youth Ministry 78,062 6,521 8,012 (1,491) 76,571
Youth & Community Project 13,632 90,403 74,179 16,224 29,856
Youth Club 199 3,236 2,000 1,236 (200) 1,235
Presbyterian Women 653 584 1,226 (642) 11
Girls' Brigade 1,293 3,073 4,658 (1,585) 1,300 1,008
---------- ---------- ---------- ---------- ---------- ----------
109,346 141,192 175,894 (34,702) 47,396 122,040
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 249,713 242,332 268,840 (26,508) 0 223,205
======= ======= ======= ======= ======= =======

Page 6

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 2023, which are set out on pages 1 to 6.

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

23 April 2024