Draft Flnancial Statements at 23 July 2024 at 14:34:59
BALLYWILLAN PRESBYTERIAN CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted Restrlcted
funds
funds
2023
2023
Total Unrestricted
funds
2022
Reslricted
funds
2022
Total
2023
2022
Notes
Income and endowments from:
Donations and legacies
Investments
Other income
203,058
2.754
114
133,170
1,774
855
336,228
4,528
969
192,235
1,162
127,399
426
319,634
1,588
Total income
205,926
135.799
341.725
193,397
127,825
321.222
enditure on-
Charitable activities
211,468
114,681
326.149
(211.4621 1164,728)
376.190
Net
loutgoingifincomlng
resources before
transfers
Gross transfers behveen
funds
15,542)
21,118
15,576
(18,065)
136,903)
{54,968>
(1,063
1,063
3,256
(3,256)
Net (expenditurellincome for
the y6arl
Net movement in funds
(6,60S)
22,181
15,576
(14,809)
(40,1S9)
(54,968)
Fund balan￿$ at 1
January 2023
5,580,078
332,356
5,912,434
5,594,887
372,514
5,967,401
Fund balances at 31
December 2023
5,573,473
3S4,537
5,92B,010
5,580,078
332,355
5,912,433
The ststement of financial activities includes all gains and losses recognised in the year.
The statement of financial activitie5 indudes all gains and losses recognised in the year. All income and expenditure
derive from continuing aBtivitie5.
11

Draft Financial Statements at 23 July 2024 at 14:34:59
BALLYWILLAN PRESBYTERIAN CHURCH
BALANCE SHEET
ASAT31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible assets
Current assets
Cash at bank and in hand
10
5,255,547
5.258,872
674,655
653,715
Creditors: amounts falling due within
one year
12
(2.192)
1154>
Net current assets
672,463
653,561
Total assets less current Ilabllities
5,928,010
5,912,433
Income funds
Restricted funds
Unrestricted funds
13
354.537
5.573,473
332,355
5,580,078
5,928,010
5,912,433
Thé financial statements were approved by the Trustees on
Liz McAuley
Trustee
Robert Wlson
Trustee
12-

Draft Financial Statements at 23 July 2024 at 14:34:59
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policies
Charlty Infonnation
Ballywillan Presbyterian Church is an unincoTporated entity governed by a Constltutlan.
1.1 Accountlng convention
The financial statements have been prepared in accordance with the church's Igoverning document]. the
Charitles Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland"
fFRS 102,1 and the Charitles SORP "Accounting and Reporting by Charitles.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The church is a Public
Benefit Entlty 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 Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been wlthdrawn.
The financial statements are prepared In sterling, which 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 conventlon, Imodified to include the
revaluation of freehold properties and to include investment properties and certain finanGial instruments at fair
valuel. The principgl accounting policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the churth
has adequate resources to continue in operational existence for the foreseeable future. Thus the Twstees
continue to adopt the going concem basis of accounting in preparing the financial ststements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted fijnds are subject to Specific conditions by donors or grantors 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 fijnds are subject to specific conditions by donors that the capital must be maintsined by the
church.
1.4 Income
Income is recognised when the church is legally entilled to it after any perfomiance 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 donations are recognised once the church has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donation5 received under Gfft Aid or deeds of covenant is recognised at the time of the donation.
Lega¢ies are recognised on receipt or otheTrvise if the church has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
13-

Draft Financial Statements at 23 July 2024 at 14:34:59
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Ac¢ounting pollcles
{Contlnued
1.5 Expenditure
These accounts for the year ended 31 December 2023 for the Ballywillan Presbyterian Church are prepared
in accordan￿ with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases=
Freehold land and buildings
Fixtures and fittings
0%
4Vo Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference betwe&n the sale proceed5
and the carrylng value of the asset. and is recognised in the statement of financial activities.
1.7 Impainnent of fixed assets
At each reporting end date, the church reviews the carrying amounts of its tangible assets to detèmiine
whether there is any indiGalion that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient
loss (if any).
1.8 Cash and cash 8qulvalents
Cash and cash equivalents include cash in hand, deposits held at call with bgnks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
Basi¢ financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequenuy carried at amortised cost using the effective
interest rnethod unless the arrangement consttiutes a financing transactton, where the transaction is
measured at the present value of the future re￿Ipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditor5 and bank loans are initially recognised at transaction price 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 liabilitie5 classified as payable
within one year are not amortised.
Debt instrument5 are subsequentty carried at amortised cosL using the effective interest rate method.
Trade creditors are obligations to pay for goods or servi￿S that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due wilhin one
year or less. If not. they are presented as non-()Jrrent liabilities. Trade creditors are recognised initialty at
transaction pri￿ and subsequently measured at amortised cost using ihe effective interest method.
Derecognition of financlal liabilities
Financial liabilities are derecognised when the church's contractual obligations expire or are distharged or
cancelled.
14-

Draft Financial Statements at 23 July 2024 at 14:34:59
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policies
(Contlnued
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Temiination benefrts are recognised irnmediately as an expense when the church is demonstrabty committed
to terminate the employment of an employee or to provide termination beneffts.
Critical accounting estimates and judgements
In the application of the church's accounting policies, the Trustee5 are required to make judgements.
estimates and assumptions about the carying amount of assets and liabilities that 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 period in which the estimate is revised where the revision affects onty that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Donatlons and legacies
Unrestrlcted Restricted
funds
funds
Total
Total
2023
2023
2023
2022
Donations and gifts
Other
200,515
2,543
109,471
23,699
309,986
26,242
302,423
17,211
203.058
133,170
336,228
319,634
For the year ended 31 December 2022
192.235
127.399
319,634
Income from investments
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Interest re￿1vable
2.754
1,774
4,528
1.162
426
1,588
15-

Draft Financlal Statements at 23 July 2024 at 14:34:59
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Other income
Unrestricted Restrfcted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Totsl
2023
2022
Other income
114
855
969
Charftable activities
2023
2022
Stsff costs
Depreciation and impairment
Cleaning and catering
Missions and other
Repairs and maintenance
Insurance
Heat and light
Admin costs
Stationery and printing
Rate5
Financial charges
Education and books
General expenses
101,575
24,058
297
99,955
37,954
6,942
15,249
6,497
4,445
223
163
116.019
23,14S
523
163,101
29,578
6,100
13,084
4,415
669
201
176
19,179
28,791
326,149
376,190
326,149
376,190
Analysis by fund
Unrestricted funds
Restricted funds
211,468
114,681
211,462
164,728
326,149
376,190
Forthe year ended 31 Docember 2022
Unrestricted funds
Restricted funds
211,462
164,728
376,190
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the
church during the year for their role as a Trustee.
16-

Draft Flnancial Statements at 23 July 2024 at 14:34:59
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
Employment costs
2023
2022
Wages and salaries
101.575
116.019
No employee received remuneration in excess of £60,000.
There were no employees whose annual remuneration was more than £60,000.
Remuneratlon of kay management personnel
The remuneration of key management personnel is as follows.
Taxation
The charity is exempt from tsxation on its activilies because all its income is applied for charitable purposes.
10 Tangible fixed assets
Fr¢trhold land Fixture5 and
•nd buildings
ffttlngs
Total
Cost
At 1 January 2023
Additions
4.761,903
639,338 5,401,241
20,733
20,733
At 31 December 2023
4.761.903
660,071 S,421,974
Depreciation and impairment
At 1 January 2023
Depreciation charged in the year
142,369
24.058
142.369
24.058
At 31 December 2023
166.427
166.427
Carrying amount
At 31 De￿rnber 2023
4,761,903
493,644 5,255.547
At 31 December 2022
4,761.903
496,969 5,258,872
17-

Draft Flnan¢ial Statements at 23 July 2024 at 14:34:59
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Loans and overdrafts
2023
2022
Credit card
212
154
Payable within one year
212
154
12 Creditors". amounts falllng due within one year
2023
2022
Notes
Bank overdrafts
Trade creditors
11
212
1,980
154
2,192
154
13 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
332,356
135,799
(114,6811
1,063
354,537
Provlous year.
At 1 January
2022
Incomlng
resources
Rasources
expended
Transfers
At31
December
2022
372,514
127,825
(1 $4,728)
13,256)
332,355
18-

Draft Financial Statements at 23 Juty 2024 at 14:34:59
BALLYWILLAN PRESBYTERIAN CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
14 Unrestricted funds
The unrestricted funds ofthe Gharity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantOTS as to how they may be used. These include
designated funds which have been set aside out of unrestricted fijnds by the trustees for specific purposes.
At 1 January
2023
Incoming
resources
Resourc8s
expended
Transfers
At31
December
2023
General funds
5,580,078
205,926
(211,468)
(1,063)
5,573,473
Prevlous year:
At 1 January
2022
Incomlng
resources
Resources
expondod
Transfers
At31
December
2022
General fvnds
5,594.887
193,397
(211,462)
3,256
5,580.078
15 Analysis of net assets betwoan funds
Unrestrlcted
funds
2023
Restrlctsd
funds
2023
Total
2023
Fund balances at 31 December 2023 are represented by:
Tangible assets
Current assetsl(liabilitiesl
5,255,547
317,926
5.255,547
672,463
354,537
5,573,473
354.537
5,928,010
Unrestricted
funds
2022
Restrlcted
funds
2022
Total
2022
Fund balances at 31 December 2022 are reprosented by:
Tangible assets
Current assetsllliabilitiesl
5,258,872
321,206
5.258,872
653,561
332,355
5,580,078
332,355
5,912.433
16 Related party transactlons
A manse and related expenses have been provided for the Minister.
19-