BALTEAGH A Congregation of the Presbyterian Church in Ireland
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31st December 2024
| 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 53172 0 1220 1369 1277 57038 0 57536 0 57536 -498 62 -436 24243 23807 |
Restricted Funds 23196 1471 476 523 1379 27045 0 24769 0 24769 2276 -62 2214 97199 99413 |
Endowment Funds 0 0 0 0 0 0 0 0 |
Total Funds 2024 76368 1471 1696 1892 2656 84083 0 82305 0 82305 1778 0 1778 121442 123220 |
Total Funds 2023 91560 2765 1310 1471 3052 100158 0 61729 0 61729 38429 0 38429 117315 121442 |
|---|---|---|---|---|---|
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BALTEAGH A Congregation of the Presbyterian Church in Ireland
STATEMENT OF ASSETS AND LIABILITIES for the year ended 31st December 2024
| 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 £ 24243 -436 23807 |
Restricted Funds £ 97199 2214 99413 |
Endowment Funds £ 0 0 0 |
Total Funds 2024 £ 121442 1778 123220 42,212 81,008 0 123,220 |
Total Funds 2023 £ 117315 38429 155744 42,212 79,230 0 121,442 |
|---|---|---|---|---|---|
Liabilities Loans Other Approved by the Kirk Session at a meeting on 17th Feb 2025 and signed on its behalf by
NAME NAME William Robinson Geoff Ferris DATE DATE 17/02/2025 17/02/2025
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BALTEAGH A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS 31st December 2024
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 £ 45231 525 115 7301 0 53172 |
Restricted Funds £ 13554 3965 1320 4357 0 23196 |
Endowment Funds £ 0 0 0 0 0 0 |
Total Funds 2024 £ 58785 4490 1435 11658 0 76368 |
Total Funds 2023 £ 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 2024
| 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 452 Letting Of Premises 768 Trading Income 0 1220 5. INVESTMENT INCOME Unrestricted Funds £ Deposit Interest 1107 General Investment Fund 0 Property Rents 0 Other Investment Income 262 1369 |
Restricted Funds £ 686 0 785 1471 Restricted Funds £ 476 0 0 476 Restricted Funds £ 38 0 0 485 523 |
Endowment Funds £ 0 0 0 0 Endowment Funds £ 0 Endowment Funds £ 0 |
Total Funds 2024 £ 686 0 785 1471 Total Funds 2024 £ 928 768 0 1696 Total Funds 2024 £ 1145 0 0 747 1892 |
Total Funds 2023 £ 1225 0 0 1541 2766 Total Funds 2023 £ 750 560 0 1310 Total Funds 2023 £ 796 0 0 675 1471 |
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BALTEAGH A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd) 31st December 2024
| 6. OTHER INCOME Unrestricted Funds £ Proceeds on sale of fixed assets and investments 0 Insurance Claims 0 Loans Received 0 Other Income 1277 1277 7. RAISING FUNDS Unrestricted Funds £ FWO Envelopes 0 Fundraising Events 0 0 8. CHARITABLE ACTIVITIES Unrestricted Funds £ General Assembly Assessments 9892 Presbytery Fees 308 Ministry and Support Staff Costs 34560 Congregational Running Expenses 12776 Donations to Missions and Charities 0 Governance Costs 0 57536 |
Restricted Funds £ 0 0 0 1379 1379 Restricted Funds £ 0 0 0 Restricted Funds £ 0 0 0 9271 13432 2066 24769 |
Endowment Funds £ 0 Endowment Funds £ 0 Endowment Funds £ 0 0 0 0 0 0 0 |
Total Funds 2024 £ 0 0 0 2656 2656 Total Funds 2024 £ 0 0 0 Total Funds 2024 £ 9892 308 34560 22047 13432 2066 82305 |
Total Funds 2023 £ 0 0 0 3052 3052 Total Funds 2023 £ 0 0 0 Total Funds 2023 £ 9317 305 32889 41278 9823 2219 95831 |
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BALTEAGH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd) 31st December 2024
9. OTHER EXPENDITURE
----- Start of picture text -----
£ £ £ £ £
Investment Properties Expenses 0 0 0 0
0 0 0 0 0
Funds Funds
2024 2023
Funds Funds Funds
Restricted
Unrestricted Endowment
Total Total
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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 £3,282,124 at the last renewal date 31st Oct 2024
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
| General Investment Fund Property Other Investments |
2024 £ 42212 0 0 42212 |
2023 £ 42212 0 0 42212 |
|---|---|---|
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BALTEAGH A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd) 31st December 2024
| 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 |
2024 £ 23807 0 23807 2024 £ 31366 5184 1379 11338 0 3133 663 1614 1898 195 431 42212 99413 2024 £ 0 0 0 0 0 0 |
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 |
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BALTEAGH A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd) 31st December 2024
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 £ £ £ £ £ £ 24243 57038 57536 62 23807 0 0 24243 57038 57536 0 62 23807 26697 9645 4976 0 31366 10380 10121 13355 -1962 5184 1144 986 751 0 1379 11394 0 56 0 11338 0 0 0 0 0 2746 2159 1772 0 3133 663 0 0 0 663 1350 3374 3110 0 1614 0 0 602 2500 1898 195 0 0 0 195 418 760 147 -600 431 42212 0 0 0 42212 97199 27045 24769 0 -62 99413 |
|---|---|
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 121442 84083 82305 0 0 123220 |
|---|---|
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BALTEAGH
A Congregation of the Presbyterian Church in Ireland
| Fund Balances | 2024 | 2023 |
|---|---|---|
| Cash in Hand | 0 | 0 |
| Investment Fund | 42,212 | 42,212 |
| Deposits | 42,212 | 42,212 |
| Current Account | 28,991 | 34,623 |
| Property Fund | 31,366 | 26,697 |
| Presbyterian Women Bank Account | 3,133 | 2,746 |
| Boys Brigade Bank Account | 663 | 663 |
| Girls Brigade Bank Account | 1,614 | 1,350 |
| Catering Committee | 11,338 | 11,394 |
| Midweek Fellowship | 0 | 0 |
| Youth and Children | 1,898 | 0 |
| Bowling Club Bank Account | 431 | 418 |
| Sunday School | 1,379 | 1,144 |
| Youth Club | 195 | 195 |
| Current Accounts | 81,008 | 79,230 |
| Total | 123,220 | 121,442 |