an HIGH KIRK BALLYMENA CONGREGATION OFTHE PRE$BER1A CHURCH IN IRELAND •• srATEMEMf OF FINNNCIALACTMrY FOR THE YEAR ENDED 31 OECEMBER 2023 Note Unrestricted Funds Restritted Funds Total Funds 2023 Totsl Funds 2022 Income and Endowments from: Donations and legacies Charitable aCtI1t1eS Other trading activities Investments Other Income Total 499.935 6,275 234,210 64.244 734.145 70.519 749,107 76,056 2,478 6CiI 509,288 397 2,875 6(X) 808,139 450 298,851 825,613 E¥pendlture on: Raisin8 funds Charitsble activ*tiés Other expenditure Total Net Incomellexpenditurel Trèn5fers between funds Net movement in funds 11,7951 1442.1261 11,7951 1880.5531 14,4601 1829,0541 1438,4271 1443,9211 65,367 38,4431 26.924 1438.4271 1139.5761 38,443 1101.1331 1882.3481 174.2091 1833.5141 17,9011 174,2091 17,9011 Reconcillatlon of funds.. Total funds brought forward Total funds carried forward 18 18 167,012 193.936 2,115,247 2.014,114 2,282.259 2,208.950 2,290.160 2,282,259 io
an HIGH KIRK BALLYMENA CONGREGATION OF THE PRESBYfERIAN CHUR(11 IN IRELAND ANCE SHE AS AT 31 DECEMBER 2023 Unrestrlcted Funds Restricted Total Funds 2023 Total Funds 2022 Flxed assets: TanBible assets Investments Total fixed assets 12 13 5J.885 20,350 72.235 1.797,463 4.108 1.801,571 1.849,348 24,458 1,873,8( 1,978,920 21,981 2.0.901 Current assets. Oebtors Cash at bank and in hand Total current assets 14 94.887 34.921 129,808 43,632 169,163 212.795 138,519 204,084 342,603 135,089 168,230 303 319 Uabllltles: Creditors.. amounts falling due within one year 16 18,Ib71 12521 18,3591 121,96LI Net current assets 121,701 212,543 334,244 281,3S8 Total assets less current Ilabllltles 193,936 2.014,114 2,208.OSO 2,282,259 Creditors: amounts falling due after one year 17 Total net assets 193,936 2.014,114 2,281259 Funds of the ch8rlty Resiritted funds Unresirirted funds Total charbtyfunds 18 2.014,114 2,014.114 193,936 2,208,050 2,115,247 167,012 2,282,259 193,936 193,936 2,014.114 Approved by o Kirk Sessicn at a meetir* on 23 May 2024 and signed on its behalf by: RevN Mr G McQucid Trustee Tru#ee li
an HIGH KIRK BALLYMENACONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELIND ATEMETrf OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 Note 2023 2022 Net Income/lExpendlturel Adjustments to reconcile net income/(expenditureJ to net coshflowsfrom operotino activities Depreciation of tangible fixed assets Net finance costs Ilncreaselldecrease in investments Ilncreaselldecrease In debtors Increase/ldecreasel in creditors Net cash Infiow from operating actItIeS 174.2091 17.9011 12 153,761 13971 12.4771 13,4301 113,6021 59,646 151,340 14501 117,9111 5,451 7, 176 137.705 Investln8 aCtItIeS Interest received Payments to acquire tangible fixed assets Net cash Inflow from Irwestln8 artivltles 397 124,1891 123.7921 450 16,5801 16,1301 12 Flnandng artlvltles Interest paid New long-term loans Repayment of long-term lo?ns Net cash Infiowlloutfiowl from tln¥th8 actmtles 1332,(KM)I 1332,OODI Net Inueaselldeereasel In cash and Cash eqwalents Cash and cash eouivalents at I january Cash and cash equlvalents at 31 December 35,854 168.230 204,084 1200.4251 368,655 168.230 12
an HIGH KIRK BALLYMENA CONGREGAMON OFTHE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023 Accounting policies BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared In accordance with applicable accounting standards. Whlle compliance with Statement of Recommended Practlce Accounting and Reporting by Charities IFRS1021 is not mandatory account of the guldance ¢ontsined therein has been taken In the prep8rntlon of these accounts. The financial statements have been prep8red under the historical cost convention except for investment assets, whlch are shown at market value. The financial statemènts include all transactions. assets. and liablllties for which the congregatlon is responsible in law. They do not Inclu¢Je the accounts of clyjrch groups that owe their affillatlon to another body, nor those that are Informal gatherings of thurth members. FUPID ACCOUNTING Endowment funds are funds. the capital of which must be retalned $ither pemianently or at the congregatlon's discretlon; the income derlved from endowment is to be used elther as restricted or unrestrlcted income funds dependlng upon the purpose for whlch the endowment wa5 established In the first place. Reslricted funds comprise lal Income from endowments whlch is to be expended only on the restricted purpose5 intended by the donor and (bl revenue (lonations or grants for a specific congregational actlvity Intended by the donor. Where these funtls have unspent balances. Interest on their pooled Investment is apportioned to the individual funds on an averase basis. Unrestricted funds are Income funds whlch are to be spent on the con8re8atlon's general purpose5. Designated funds are general funds set aslde by the con8re8ation for use In the future. INCOMING RESOURCES Recognltlon ol incomlng resources These are included In the Statement of Flnanclal Athities {SoFAI when= The con8re8atlon becomes entitled to the resources; The trustees are virtually Certsln theywill receive the resources.. and The monetary value can be measured wlth sufficient rellabEv. Incomlng resources with relared expenditure Where Incomlng resources have related expenditure las wlth fundraising income) the Incomlng resourtes ènd related expenditu are reported Bross in the SOF Grants and donatSons Grants and donations are only Includèd in the SOFA when the con8re8atlon has urfonditional entltlement to the resources. Tax redalms on donations and gifts IncomSn8 resources from tax reclalms a induded in the SOFA at the same tlme a5 the gift to whlch they relate. Contractual Income and pertormance related grants This is only Included in the SOFA once the related 8OOLls or servi$ have been dellvered. Glfts In kind Glfts in kind are accounted for at a reasonable estimate of thelrvalue to the charÉty or the amount actually realised. Gift5 In kind for sale or distribution a included in the accounts as gifts onlywhen sold or distributed bythe charity. Gifts in kind for use bythe charlty are included In the SOFA as incomlng sourceS when receivable. 13
an HIGH KIRK 8ALLYMENA CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS Iconyd) 31 D¢rnber 2023 Donated seNices and fadlltles These are only included rn rncomlng resources Iwith an equlvalent amount in resources expended) where the benefit to the charity is reasonably quantlfiable. measurable, and material. The value placed on these resources is the estimated value to the charlty of the service or tscility received. Volunteer help The value of any voluntary help received is not included in the accounts but is dèscribed In the trustees, annual report, Investment rncome This is Included in the accounts when receivable. Investment galns and losses This includes any 8ain or10ss on the sale of investments and any 8ain or loss resultln8 from revaluin8 investments to market value at the end of the year. EXPENDITURE AND LIABILITIES LlabS1ity re¢o8nltlon Llabllltle5 are reco8nised a5 soon as there Is o legal or constructlve oblÈgation comm5ttlng the congregation to pay out resources. Governance cost5 These Include costs of the preparation and examinatlon of statutory aetounts. the costs of trustee meetings and cost of any le8al advice to trustees on eovernance orconstitutional matters. Grants wlth performance condltlons Where the charity 8lve5 0 grant with conditions for its payment bein8 a speclfic level of seThlce or output to be provided, such 8rants are only recognSsed in thè SOFA once the recbplent of the grant has provided the specified serylce or output. Grants payable wlthout performance condliions These a only reco8nlsed in the accountswhen a commitment has been made and thereare no condltions to be met relating to the grant which remarn In the control of the charlty- Support 515 Support costs include central lunctions and have been allocated to activity Cost categorles on a basis consistent with the use of resources, e.e.. allocating property cots by floor areas. or per capits. staff costs by the time spent and other costs by their usage. ASSETS TanBible Flxed Assets langible fixed a55ets for use by charity. These are capitalised if they can be used for more than one year. and cost at least £2,500. They are valued at cost or. If gifted, at the value to the charity on receipt. Depreciation is recorded on all tangib fixed assets other than freehold land, at rates cakulated to write off the cost less estlmate(J residual value. of each asset over its expected useful life as follows Buildings -over 50 years Flxture5, fittings, and equlpment -over 10 years 14
an HIGH KIRK 8ALLyMEA CONGREG4TtON OFTHE PRESBYTERIAN CHURCH IN IREL4NO NOTESTO THE ACCOUNTS Iconvdl 310ecember 2023 Investments Investments are quoted on a recognlsed stock exchange arevalued at market value attheyear end. Other Investment assets are Included at tru5tees' best estimate of rnarket value. DONATIONS AhlD LEGACIES Unrestrirted Funds Aestrltted Funds Total Fund5 2023 Total Funds 2022 Recorded gSvlng Loose collections Donatlons and gifts Glft Aid Legacies and bequest 413.131 4.376 189,328 500 750 43.632 602.459 4,876 750 126,060 601,515 2,664 17,873 127,055 82,428 499.935 . 234,210 734,145 749.107 CHARITABLE AcfiviTIES Unrestrtcted Funds Restrlcted Funds Total Funds 2023 Total Funds 2022 Income from charltable activities Grants 6.275 64,244 70,519 72,463 3,593 76.056 6,275 64,244 70.519 OTHER TRADING AcfiviTIES Unrestrltted Funds ftestrlrted Funds Tctsl Funds 2023 Total Funds 2022 Fundraising events Lettlng of prernises Trading income INVE5fMENT5 UnrestrlLted Funds Rethlcted Funds Totsl Funds 2023 Totsl Funds 2Q22 Deposlt Interest General investrneftt funds Gain on revaluation 38 412 397 397 2.478 2.875 2,478 2.478 397 450 15
an HIGH KIRK BALLYMEMA CONGREGATION OFTHE PRES8YTERIAN CHUR(11 IN IRELAND NOTESTO ThE ACCOUNTS Iconvd) 310ember 2023 OTHER INCOME Unrestrlcted Funds RestrTCted F)dS Totsl Fw 2023 Totsl Funds 2022 Other income 600 600 600 RAISING FUNDS Vnrestrltted Fund5 Totsl Fund5 2023 T¢)tsl Funds 2022 Funds FWO envelopes Fundralslng events 1,795 1.795 4.460 1,795 1,795 4.460 CHARITA8LE ACTIVITE5 Unrestrirted Fun(ts Restricted Funds Totsl Funds 2023 Total Funds 2022 General Assembly Assessments Presbytery fees Minlstry and 5UPPQrt staff costs Congregatlonal runnlng expenses Donations to Mlsslons & charities Governance costs 20.049 1,663 299,952 115.358 1.000 4,104 442,126 20,049 1,663 344,542 388.405 121,790 4,104 880,553 20,049 1,696 343,083 322,795 137,293 4,138 829,054 44,590 273,047 120,790 438,427 OTHER EXPENDJTURE Urtrestdcted Funds Restrlcted Funds Tcrtal Funds 2023 Tt)tsl Funds 2022 Loan Interest 16
an HIGH KIRK BALLYMENA CONGREG4TION OFTHE PRESBYfERIAN CHURCH IN IREiANO NOTES TO THE ACCOU[S (convdl 31 December 2023 10. EMPLOYEES Employment Co$ts Z023 Z022 Wages and Salaries Social Securlty Costs Pension contributions 238,550 11,452 4,530 254.532 240,432 11.916 4.465 256,813 Number of ernployees The average number of employees durln8 the yeaf were 2023 No 17 2022 No 16 Average number of employees 11. PENSION COSTS The minister of the congregatlon Is a member of the Presbyterian Church lrt Ireland Pension Scheme120091. Thls Is a scheme operated by the Presbyterian Church In Irel?nd. a separate reBlStered charity. The con8re8ation pays an assessment to the Presbyterian Church in Ireland equivalent to the èmployerfs pension contrlbutlon for the Scheme and based on the stlpend paid to the mlnlster. The Presbyterlan Clxjrch in Ireland Penskjn Scheme120091 is a funded Scheme of ihe defined benefit type, providing defined tseneflts based on career averaged revalued salary. The Scheme has assets held in a separately administered fund managed bya board of trusteès. The Presbyterian Church and the Scheme Trustees have ayeed a fundSng plan to ensure the Scheme Is sufficierttly funded to meet ¢urrent and future obligations. A formal schedule of contrlbutlons was drawn up on 25 November 2015 whereby the Presbyterian Church J8feed to pay from 31 December 2015 contributions of 24% of pensionable salaries to cover the accrual of benefits for future seNice, expense5, the cost of insurln8 death in servlce benefits and funding the scheme deficit. The contributions made by the con8regètion durin8 the year were 2023 2022 Contributions 11.948 11,379 The con8regation operates a defined pension contrlbution policy for its employee& The stheme and its assets are held by an Independent scheme mana8er. The pen51on charge represents the contributions due from the congregatlon during the year. 2023 2022 Contributions 4.530 4.465 17
an HIGH KIRK BALLYMENA CONGREGATION OFTHE PRESBYfERL4N CHURIIE IN IRELAND NOTES TO THE Accoumfs Iconvdl 31 December 202a 12. TANGIBLE FIXED ASSETS Church & halls Manse Fixtures. fittinES & equipment Total COST OR VALUATION At l January 2023 Additions Disposals At 31 December 2023 6,738.674 468,659 71,852 24.189 7,279,185 24,189 .73&674 468.659 96,041 7,303,374 DEPRECIATION At l January 2023 Charge for the year Ellmlnated on disposal At 31 December 2023 5.125.152 134.775 140,569 9,374 34,544 9.612 5,300,265 153.761 5,259,927. 149,943 44.156 5,454,026 NET BOOK VALUE At 31 December 2023 At 31 December 2022 1.478.747 1.613,522 318,716 328.090 51085 37,308 1,849,348 1,978,920 13. INVESTMENTS 2023 2022 8equests PCI General Investment 4,108 20.350 24,458 4,108 17,873 21.9BI 14, DEBTORS 2023 2022 Gift aid recoverable Prepayments 126,060 12,459 138.519 127.055 8.034 135.089 15. CASHAT BANK AND IN HAND 2023 2022 Danske Charlty CoUnt 204,084 204,084 168,230 168,230 18
an HIGH KIRK BALLYMENA CONGREGATION OF THE PRESBYTERIAN CHURCH IN IREWD NOTES TO THE AccouKfs {conVdl 310ecember 2023 16. CREDrroRS: amounts falling due within one year 2021 2022 Credltors PAYE IlabllSty Accruals 11,542 5,504 4.915 21.961 4.404 3,955 8.359 17. CREDITORS: amounts fallln8 due after one year 2023 2022 Interest free loans from members 18. FUND BALANCES Unrestrlcted Funds 2023 2022 General fund 193,936 193,936 167,012 167,012 Restrlaed Funds 2023 2022 Property Fund One Misslon One Mlsslon Local United Appeal 8equests Benevolent Fund pw Youth & Chlldren's Fund Pre.school students Bursary Moderators Appeal World Development Appeal Orphan & Children's Society 1,904,661 60,480 2,017,238 41.353 18,668 4,108 17,496 4,108 2,714 1,819 988 15,931 2.839 21 4,993 1,425 2.014.114 23.323 1,487 21 4,530 1,158 2,115,247 19
an HIGH KIRK 8ALLYMENA CONGREG4TEON OFThE PRESBYfERIAN CIIURCH IN IRELAND NOTESTO THE Accoupifs Iconvdl 31 December 2023 Reconclllatlon of movement of funds Openln8 balance Incorne Expendliure Tr•nsfers Closlng balance Unrestrlrted Funds General fund 167,012 167.012 509,288 509,288 1443.9211 (443,921) {38,4431 138,4431 193.936 193.936 Restricted Funds Property Fund One Mlsslon Ont Mission Local Unlted Appeal Bequests Benevolent Fund pw Youth & Children's Fund Pre-school Student5 Bursary Moderator'5 Appeal World Development Appeal Children's Soclety 2,017,238 41.353 53.162 122,423 18.150 31,373 116S.7391 1105,3561 {13,2751 (30.6781 1.904.661 60,480 2,060 14,8751 477 17,496 4,108 2,714 1.819 18,668 4,108 750 2,049 19,651 42,691 1.352 14.6291 13,3801 IS8,8421 150,0081 1,165 500 39,191 1751 988 23.323 1.487 21 4,530 1,158 2,115.247 15.931 2,839 21 4,993 1,425 2,014,114 5,710 1.540 298,851 IS,2471 11,2731 (438,4271 38.443 Total 2,282,259 808.139 1882,348) 2,208,050 18. Reljted PartyTr4n$artlons Rev Norman Cameron 15 0 Trustee and recelved renumeration of £49.782 12022.. £47,411) and pension contributions of £11.94812022: £11.3791 throu8h PCI with £6,70112022- £6,382) expenses belng pald by the church. Mr Clifford Whlte was appointed as a Trustee on 22 October 2023. He has been employed by the church for the full year and received remuneration of £26,721 and penslon contributions of £641. Dr Philip Mccartney and MrGordon Montgomery areTrusteesand are also directors of MCC Computers Ltd. MCC Computers Ltd was pald £7,603 {2022: £7.3201 in respect of servlces provided durin8 the year. 20