Draft Flnancial Statements at 13 March 2023 at 14:39:27
BALLYWILLAN PRESBYTERIAN CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestricted Restrlcted
funds
funds
2022
2022
Total Unrestricted
funds
2021
Restricted
funds
2021
Total
2022
2021
Notes
Income from:
Donations and legacies
Investments
192.235
1,162
127.399
426
319.634
1,588
190.250
1.174
115,051
439
305.301
1.613
Total Income
193,397
127,826
321,222
191,424
115,490
306.914
Ex
endlture on:
Charitsble activities
211,462
164.728
376,190
(202,3931 1106,33n
308.730
Net outgolng
resources before
transfers
(18,065)
136,9031
(54,968)
(10,969}
9,153
(1,816)
Gross transfers between
fvnds
3,256
13,256)
1,911
(1,911)
Net expenditure for the yoarl
Net movement in funds
114.809)
(40,159)
(54,968)
{9,058)
7,242
(1,8161
Fund balances at 1
January 2022
5,594,887
372,514
5.967,401
5,603,945
365,272
5,969,217
Fund balances at 31
December 2022
5,580,078
332,355
5.912.433
5,594.887
372,514 5,967,401
The statement of financial aclivities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
11

Draft Financlal Statements at 13 March 2023 at 14:39:27
BALLYWILLAN PRESBYfERIAN CHURCH
BALANCE SHEEr
AS AT 31 DECEMBER 2022
2022
2021
Notes
Fixed assets
Tangible assets
Current assets
Cash at bank and in hand
6.258.872
5.282,016
653,715
685,539
Creditors." amounts falling due within
one year
io
(154)
(154)
Net current 8sset3
853.561
885.385
Total assets less current liabilities
5,912.433
5.967.401
Income funds
Restrictsd fvnds
Unrestrictsd funds
331355
5,580.078
372.514
5,594,887
5,912.433
5.967.401
The financial statements were approved by the Trustees on .......... .
Christine Dunlop
Trustse
Liz McAuley
Trusteè
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Draft Financial Statements at 13 March 2023 at 14:39:27
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policies
Charity infomation
Ballywillan Presbyterian Church is an unincorporated entity governed by a Constitution.
1.1 Accounting convention
The financial slatements have been prepared in accordance with the church's Igoverning documenll. the
Charities Act 2011 , FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
(°FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). The church is a Public
Benefft Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practi¢e for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which 15 referred to In the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling. whith is the functional currency of the church. Monetary
amounts In these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, Imodlfied to include the
revaluation of freehold properties and to include inveslment properties and certain financial instruments at fair
valuel. The prlncipal accounting polici&s adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the TTUStees have a reasonable expectation that the church
has adequate resources to continue in operational existence for the foreseeable future. Thus the Twstees
continue to gdopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectiv&s.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donor5 that the capital must be maintsined by the
church.
1.4 Income
Income is recognised when the church is legally entitled to it afier any perft)miance conditions have been met.
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donation5 are recognised once the church has been notified
of the donation, unless perfonnance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation.
Legacies are recognised on receipt or othenNise if the churth has been notified of an impending distrtbution,
the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a
contingent asset.
13-

Draft Flnancial Statements at 13 March 2023 at 14."39".27
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng policles
Icontlnuedl
1.5 Expenditure
These accounts for the year ended 31 De￿rnber 2022 for the Ballywillan Presbyterian Church are prepared
in accordance with FRS 102, The Financial Reporting Stsndard applicable in the UK and Republic of Ireland.
1.6 Tanglble fixed assots
Tangible fixed assets are initialty measured at cost and subsequently measured at cost or valuation. net of
depreciation and any impairment105ses.
Depreciation is recognised so as to write off the cost or valuation of asset5 less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Fixiures and fittings
0%
4% Reducing balance
The gain or loss arislng on the disposal of an asset is determined as the difference between the sale procèeds
and the carying value of the asset, and is recognised in the ststement of financlal activities.
1.7 Impalrment of flxed assets
At each reporting end dale, the church reviews the carying amounts of its tangible assets to detemilne
whether there is any indicatlon that those assets have suffered an impairment 105s. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowlngs in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price induding transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the fijture receipts discounted at a market rate of interest. Financial assets
dassified as receivable within one year are not amortised.
Basic financlal liabilities
Basic financial liabilitles, including credltors and bank loans are initially recognised at transaction pri￿ unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabllltles classified as payable
within one year are not amortised.
Debt instruments are subsequentPy carried at amortlsed Cost. using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary coijrse of
operations from suppllers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trad& creditors are recognised initially at
transaction price and subsequently measured at amortised cost uslng the effective interest method.
Derecognition of flnancial liabilities
Financial liabilities are derecognised when the church's contractual obligations expire or are discharged or
cancelled.
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Draft Financial Statements at 13 March 2023 at 14:39:27
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting pollcles
Icontinued
1.9 Employee benefits
The cost of any unused holiday entitlefflent is recognised in the perlod in which the employee's seNices are
received.
Temiination benefits are recognised immediately as an expense when the church is demonstrably committed
to temiinate the employment of an employee or to provide temination benefits.
Crltical accounting estlmates and judgements
In the application of the church's accounting policies. the Trustees are required to make judgement5,
estimates and assumptions about the carying amount of assets and liabilities th3t are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revision5 to accounting
estimates are recognised in the perlod in which the estimate is revised where the revlsion affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Donations and legaclos
Unrestricted Restrlctsd
funds
funds
Total
Total
2022
2022
2022
2021
Donations and gifts
Other
190,061
2,174
112,362
15,037
302,423
17,211
296,725
8,576
192,235
127,399
319,634
305,301
For the yoar ended 31 December 2021
190,250
115,051
305,301
Investments
Unrestrictsd Restricted
funds
funds
Totsl Unrestricted Restrlcted
funds
funds
Total
2022
2022
2022
2021
2021
2021
Interest receivable
1,162
426
1,588
1,174
439
1,613
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Draft Financial Statements at 13 March 2023 at 14:39:27
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Charltable aclivities
2022
2021
Staff costs
Depreciation and impairment
Cleaning and Catering
Missions and other
116,019
23,145
523
163,101
112,536
24,380
297
127,063
r li
Repairs and maintenance
Insurance
Heat and light
Admin costs
Stationery and printing
Financial charges
Education and books
General expenses
29,578
8,100
13,084
4,41S
669
201
176
19,179
15,133
7.362
9,921
4,083
154
7,687
376,190
308,730
376,190
308,730
Analysls by fund
Unrestrlcted fijnds
Restricted funds
211.462
164.728
202,393
106,337
376,190
308.730
For the year ended 31 December 2021
Unrestricted funds
Restricted funds
202.393
106.337
308,730
Trustees
None of the Trustees (or any persons connected wlth them) received any remuneration or benefits from the
church during the year for their role as a Trustee.
Employees
The average monthty number of employees during the year was=
2022
Number
2021
Number
16-

Draft Flnancial Statements at 13 March 2023 at 14:39:27
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Employees
(Continued)
Employment costs
2022
2021
Wages and salaries
116,019
112.536
No employee received remuneration in excess of £60,000.
There were no employees whose annual remuneration was more than £60,000.
Tanglble fixed assets
Froehold land Fixtures and
and bulldings
ffttlngs
Totsl
Cost
At 1 January 2022
4,761,903
639,338
5,401,241
At 31 December 2022
4,781,903
639,338
5,401,241
Dapreciation and Impairnient
At 1 January 2022
Depreciation charged in the year
119,224
23,145
119,224
23,145
At 31 December 2022
142,369
142,369
Carrying amount
At 31 December 2022
4,761,903
496.969
5,258,872
At 31 December 2021
4.761,903
520,113
5,282.016
Loans and overdrafts
2022
2021
Credit card
154
154
Payable within one year
154
154
17-

Draft Financial Statements at 13 March 2023 at 14:39:27
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
10 Credltors: amounts falling due within one year
2022
2021
Notes
Bank overdrafts
1S4
154
11 Analysis of net asset5 between funds
Unrestricted Restricted
Total Unrestricted Restricted
Total
2022
2022
2022
2021
2021
2021
Fund balances at 31
December 2022 are
rep￿sented by..
Tangible assets
Current assetsl(liabilitiesl
5,258,872
321,206
5,258,872
653,561
5,282,016
312,871
5.282,016
685,385
332.355
372,514
5.580,078
332,355
5,912.433
5,594.887
372,514 5,967,401
12 Related party transactions
A manse and related expenses have been provided for the Minister.
18-