2023-12-31-accounts

BALTEAGH A Congregation of the Presbyterian Church in Ireland

STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31st December 2023

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 50054 0 560 1014 2030 53658 0 57744 0 57744 -4086 -689 -4775 29018 24243	Restricted Funds 41506 2765 750 457 1022 46500 0 38287 0 38287 8213 689 8902 88297 97199	Endowment Funds 0 0 0 0 0 0 0 0	Total Funds 2023 91560 2765 1310 1471 3052 100158 0 96031 0 96031 4127 0 4127 117315 121442	Total Funds 2022 68249 1536 507 696 2209 73197 0 61729 0 61729 11468 0 11468 114393 117315

PAGE 1

BALTEAGH A Congregation of the Presbyterian Church in Ireland

STATEMENT OF ASSETS AND LIABILITIES for the year ended 31st December 2023

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 Liabilities Loans Other	Unrestricted Funds £ 29018 -4775 24243	Restricted Funds £ 88297 8902 97199	Endowment Funds £ 0 0 0	Total Funds 2023 £ 117315 4127 121442 42,212 79,230 0 121,442	Total Funds 2022 £ 114393 11468 125861 42,212 71,466 0 113,678

Approved by the Kirk Session at a meeting on 12th Feb 2024 and signed on its behalf by

NAME NAME William Purcell Robert McGregor DATE DATE 12/02/2024 12/02/2024

PAGE 2

BALTEAGH A Congregation of the Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS 31st December 2023

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 £ 41882 416 0 7756 0 50054	Restricted Funds £ 8959 29532 1060 1955 0 41506	Endowment Funds £ 0 0 0 0 0 0	Total Funds 2022 £ 50841 29948 1060 9711 0 91560	Total Funds 2021 £ 49549 2374 1100 8840 0 61863

PAGE 3

BALTEAGH A Congregation of the Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS (cont'd) 31st December 2023

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 560 Trading Income 0 560 5. INVESTMENT INCOME Unrestricted Funds £ Deposit Interest 774 General Investment Fund 0 Property Rents 0 Other Investment Income 240 1014	Restricted Funds £ 1225 0 1541 2766 Restricted Funds £ 750 0 0 750 Restricted Funds £ 22 0 0 435 457	Endowment Funds £ 0 0 0 0 Endowment Funds £ 0 Endowment Funds £ 0	Total Funds 2023 £ 1225 0 1541 2766 Total Funds 2023 £ 750 560 0 1310 Total Funds 2023 £ 796 0 0 675 1471	Total Funds 2022 £ 0 0 0 1536 1536 Total Funds 2022 £ 5 502 0 507 Total Funds 2022 £ 57 0 0 639 696

PAGE 4

BALTEAGH A Congregation of the Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS (cont'd) 31st December 2023

6. OTHER INCOME Unrestricted Funds £ Proceeds on sale of fixed assets and investments 0 Insurance Claims 0 Loans Received 0 Other Income 2030 2030 7. RAISING FUNDS Unrestricted Funds £ FWO Envelopes 0 Fundraising Events 0 0 8. CHARITABLE ACTIVITIES Unrestricted Funds £ General Assembly Assessments 9317 Presbytery Fees 305 Ministry and Support Staff Costs 32889 Congregational Running Expenses 15133 Donations to Missions and Charities 0 Governance Costs 0 57644	Restricted Funds £ 0 0 0 1022 1022 Restricted Funds £ 0 0 0 Restricted Funds £ 0 0 0 26145 9823 2219 38187	Endowment Funds £ 0 Endowment Funds £ 0 Endowment Funds £ 0 0 0 0 0 0 0	Total Funds 2023 £ 0 0 0 3052 3052 Total Funds 2023 £ 0 0 0 Total Funds 2023 £ 9317 305 32889 41278 9823 2219 95831	Total Funds 2022 £ 0 0 0 2209 2209 Total Funds 2022 £ 0 0 0 Total Funds 2022 £ 8984 294 30813 17660 10487 2038 70276

PAGE 5

BALTEAGH A Congregation of the Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS (cont'd) 31st December 2023

----- Start of picture text -----
9. OTHER EXPENDITURE
£ £ £ £ £
Investment Properties Expenses 0 0 0 0
0 0 0 0 0
Funds Funds
2023 2022
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 £3,125,833 at the last renewal date 31st Oct 2023

11. INVESTMENTS

The congregation has the following investments. Amounts are shown at market valuation.

General Investment Fund Property Other Investments	2023 £ 42212 0 0 42212	2022 £ 42212 0 0 42212

PAGE 6

BALTEAGH A Congregation of the Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS (cont'd) 31st December 2023

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	2023 £ 24243 0 24243 2023 £ 26697 10380 1144 11394 0 2746 663 1350 0 195 418 42212 97199 2023 £ 0 0 0 0 0 0	2022 £ 29018 0 29018 2022 £ 26868 0 1066 12807 0 1851 840 1930 0 195 528 42212 88297 2022 £ 0 0 0 0 0 0

PAGE 7

BALTEAGH A Congregation of the Presbyterian Church in Ireland

NOTES TO THE ACCOUNTS (cont'd) 31st December 2023

10. FUND BALANCES

(1V) Reconciliation OF MOVEMENT OF FUNDS

Unrestricted Funds General Fund General Fund (Bequest) 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

Balance Income Expend. Gains/ Transfer Balance at Start Losses at End £ £ £ £ £ £ 29018 53658 57744 -689 24243 0 0 29018 53658 57744 0 -689 24243 26868 7281 7452 0 26697 0 29096 19905 1189 10380 1066 1011 933 0 1144 12807 1225 2638 0 11394 0 0 0 0 0 1851 2551 1656 0 2746 840 0 177 0 663 1930 3907 4487 0 1350 0 0 0 0 0 195 0 0 0 195 528 1429 1039 -500 418 42212 0 0 0 42212 88297 46500 38287 0 689 97199

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 117315 100158 96031 0 0 121442

PAGE 8