BALTEAGH A Congregation of the Presbyterian Church in Ireland
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31st December 2022
| Note Receipts Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investment Income 5 Other 6 Sale Of Investments Sale Of Fixed Assets Loans Received Total Receipts Payments Raising Funds 7 Charitable activities 8 Investment Costs Other 9 Purchase Of Investments Purchase Of Fixed Assets Loan Repayments Total Payments Net Receipts/(Payments) Transfers between Funds Net movement of funds Reconciliation of funds Total funds brought forward Total funds carried forward 12 |
Unrestricted Funds 49954 0 502 346 1504 52306 0 49726 0 49726 2580 -1110 1470 27548 29018 |
Restricted Funds 18295 1536 5 350 705 20891 0 20550 0 20550 341 1110 1451 86845 88296 |
Endowment Funds 0 0 0 0 0 0 0 0 |
Total Funds 2022 68249 1536 507 696 2209 73197 0 70276 0 70276 2921 0 2921 114393 117314 |
Total Funds 2021 61863 1583 367 660 1004 65477 0 61729 0 61729 3748 0 3748 109930 114393 |
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BALTEAGH A Congregation of the Presbyterian Church in Ireland
STATEMENT OF ASSETS AND LIABILITIES for the year ended 31st December 2022
| Funds Reconciliation Bank And Cash At Start Of Year Net Movement In Funds Bank And Cash At End Of Year Bank And Cash Balances Bank Deposit Accounts Bank Current Accounts Cash In Hand Other Assets Fixed Assets- Note 10 Church Premises Fixtures Fittings & Equipment Vehicles Investments - Note 11 Gift Aid receivable On Donations |
Unrestricted Funds £ 27548 1470 29018 |
Restricted Funds £ 86845 1451 88296 |
Endowment Funds £ 0 0 0 |
Total Funds 2022 £ 114393 2921 117314 42,212 75,102 0 117,314 |
Total Funds 2021 £ 109930 3748 113678 42,212 71,466 0 113,678 |
|---|---|---|---|---|---|
Liabilities Loans Other Approved by the Kirk Session at a meeting on 20th Feb 2023 and signed on its behalf by
NAME NAME William Alcorn William Purcell DATE DATE 20/02/2023 20/02/2023 PAGE 2
BALTEAGH A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS 31st December 2022
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250000 the congregation has elected in accordance with the provisions in The Charities (Accounts and Reports Regulations Northern Ireland ) 2015 to prepare its accounts on a receipts and payments basis.
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
| Recorded Giving : Loose Collections Donations And Gifts Gift Aid Legacies And Bequests |
Unrestricted Funds £ 42245 244 345 7120 0 49954 |
Restricted Funds £ 8514 7629 50 2102 0 18295 |
Endowment Funds £ 0 0 0 0 0 0 |
Total Funds 2022 £ 50759 7873 395 9222 0 68249 |
Total Funds 2021 £ 49549 2374 1100 8840 0 61863 |
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BALTEAGH A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd) 31st December 2022
| 3. CHARITABLE ACTIVITIES Unrestricted Funds £ Income from Charitable Activities 0 Fees from Weddings and Funerals 0 Grants 0 0 4. OTHER TRADING ACTIVITIES Unrestricted Funds £ Fundraising Events 0 Letting Of Premises 502 Trading Income 0 502 5. INVESTMENT INCOME Unrestricted Funds £ Deposit Interest 54 General Investment Fund 0 Property Rents 0 Other Investment Income 292 346 |
Restricted Funds £ 0 0 1536 1536 Restricted Funds £ 5 0 0 5 Restricted Funds £ 3 0 0 347 350 |
Endowment Funds £ 0 0 0 0 Endowment Funds £ 0 Endowment Funds £ 0 |
Total Funds 2022 £ 0 0 1536 1536 Total Funds 2022 £ 5 502 0 507 Total Funds 2022 £ 57 0 0 639 696 |
Total Funds 2021 £ 315 0 1268 1583 Total Funds 2021 £ 125 242 0 367 Total Funds 2021 £ 42 0 0 618 660 |
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BALTEAGH A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd) 31st December 2022
| 6. OTHER INCOME Unrestricted Funds £ Proceeds on sale of fixed assets and investments 0 Insurance Claims 0 Loans Received 0 Other Income 1504 1504 7. RAISING FUNDS Unrestricted Funds £ FWO Envelopes 0 Fundraising Events 0 0 8. CHARITABLE ACTIVITIES Unrestricted Funds £ General Assembly Assessments 8984 Presbytery Fees 294 Ministry and Support Staff Costs 30813 Congregational Running Expenses 9635 Donations to Missions and Charities 0 Governance Costs 0 49726 |
Restricted Funds £ 0 0 0 705 705 Restricted Funds £ 0 0 0 Restricted Funds £ 0 0 0 8025 10487 2038 20550 |
Endowment Funds £ 0 Endowment Funds £ 0 Endowment Funds £ 0 0 0 0 0 0 0 |
Total Funds 2022 £ 0 0 0 2209 2209 Total Funds 2022 £ 0 0 0 Total Funds 2022 £ 8984 294 30813 17660 10487 2038 70276 |
Total Funds 2021 £ 0 0 0 1004 1004 Total Funds 2021 £ 0 0 0 Total Funds 2021 £ 9045 240 29526 11443 10075 1400 61729 |
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BALTEAGH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd) 31st December 2022
9. OTHER EXPENDITURE
----- Start of picture text -----
£ £ £ £ £
Investment Properties Expenses 0 0 0 0
0 0 0 0 0
Funds Funds
2022 2021
Funds Funds Funds
Restricted
Unrestricted Endowment
Total Total
----- End of picture text -----
10. FIXED ASSETS
The congregation owns the Church premises situated at 199 Drumsurn Road Limavady and the associated fixtures, fittings, plant and machinery, and the manse situated at 30 Ballyleagry Road Limavady. These have an insurance value of £2,907,751 at the last renewal date 31st Oct 2022
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
| General Investment Fund Property Other Investments |
2022 £ 0 0 0 0 |
2021 £ 0 0 0 0 |
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BALTEAGH A Congregation of the Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont'd) 31st December 2022
| 10. FUND BALANCES (1) Unrestricted Funds General Fund General Fund (Bequest) (11) Restricted Funds Property Fund Missions And Charities Fund Sunday School Catering Fund Midweek Fellowship Presbyterian Women Boys Brigade Girls Brigade Youth & Children Youth Club Bowling Club Investment Fund (111) Endowment Funds General Fund Property Fund Sunday School McKay Trust Endowments for Others |
2022 £ 29018 0 29018 2022 £ 26868 0 1066 12807 0 1851 840 1929 0 195 528 42212 88296 2022 £ 0 0 0 0 0 0 |
2021 £ 27548 0 27548 2021 £ 23874 1088 1096 12834 0 2100 765 2228 0 195 453 42212 86845 2021 £ 0 0 0 0 0 0 |
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BALTEAGH A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd) 31st December 2022
10. FUND BALANCES
| (1V) Reconciliation OF |
MOVEMENT | OF FUNDS | OF FUNDS | |||
|---|---|---|---|---|---|---|
| Unrestricted Funds | Balance | Income | Expend. | Gains/ | Transfer | Balance |
| at Start | Losses | at End | ||||
| £ | £ | £ | £ | £ | £ | |
| General Fund | 27548 | 52306 | 49726 | -1110 | 29018 | |
| General Fund (Bequest) | 0 | 0 | ||||
| 27548 | 52306 | 49726 | 0 -1110 |
29018 | ||
| Restricted Funds | ||||||
| Property Fund | 23874 | 6757 | 3763 | 0 | 26868 | |
| Missions And Charities Fund | 1088 | 7257 | 9955 | 1610 | 0 | |
| Sunday School | 1096 | 772 | 802 | 0 | 1066 | |
| Catering Fund | 12834 | 0 | 27 | 0 | 12807 | |
| Midweek Fellowship | 0 | 0 | 0 | 0 | 0 | |
| Presbyterian Women | 2100 | 1765 | 2014 | 0 | 1851 | |
| Boys Brigade | 765 | 100 | 25 | 0 | 840 | |
| Girls Brigade | 2228 | 3555 | 3854 | 0 | 1929 | |
| Youth & Children | 0 | 0 | 0 | 0 | 0 | |
| Youth Club | 195 | 0 | 0 | 0 | 195 | |
| Bowling Club | 453 | 685 | 110 | -500 | 528 | |
| Investment Fund | 42212 | 0 | 0 | 0 | 42212 | |
| 86845 | 20891 | 20550 | 0 1110 |
88296 |
Endowment Funds
| General Fund Property Fund Sunday School McKay Trust Endowments for Others TOTAL |
0 0 0 0 0 0 0 0 0 0 0 114393 73197 70276 0 0 117314 |
|---|---|
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