## 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: - examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008 - to follow the procedures laid down in the general Directions given by the Charity Commission 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 23 April 2024