an
BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account)
for the year ended 31 December 2023
Note
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Receipts
Donations and legacies
Charita ble activities
Other trad ing activities
Investment Income
Other
15854
645
16499
16250
700
365
742
365
2960
94
2668
2218
Total Receipts
16961
2863
19824
19712
Payments
Raising funds
Cha ritable activities
Investment costs
Other
138
14988
138
18300
138
20589
3312
Total Payments
15126
3312
18438
20727
Net receipts / {paymentsl
Transfers between funds
1835
692
14491
1692}
1386
110151
38
Net movement in funds
Funds brought forward
2527
54465
(11411
12146
1386
69964
1977)
70941
3353
Funds carried forward
12
56992
11005
3353
71350
69964
10

an
BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2023
Unrestricted
Funds
Restricted
Funds
Endowment Total Funds Total Funds
Funds
2023
2022
Funds Reconciliation
Bank and Cash at start of year
Net movement in funds
54465
2527
12146
{1141)
3353
69964
1386
70941
19771
Bank and Cash at end of year
56992
11005
3353
71350
69964
Bank & Cash Balances
Bank Deposit Accounts
Bank Current Accounts
Cash in Hand
42718
14274
5985
5020
3353
52056
19294
51260
18704
71350
69964
Other Assets
Fixed Assets- Note 10
Church Premises
Fixtures, Fittings & Equipment
Veh icles
Investments- Note 11
Gift Aid receivable on donations
Debtors
Liabilitie5
Loans
Other
71350
69964
11

an
BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is le55 than £250,000 the congregation have 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 dependin8 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.
DONATIONS AND LEGACIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Recorded giving:
Loose collections
Donations and gifts
Gift Aid
Legacies and bequest
11790
181
1694
2189
620
25
12410
206
1694
2189
12085
932
1720
1513
15854
645
16499
16250
12

an
BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
CHARITABLE AcfiviTIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Income from charitable activities
Fees from weddings and funerals
Fundraising event5
Membership fees
Grants
7(X)
700
4, OTHER TRADING AcfiviTIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Letting of premises
Trading income
INVESTMENT INCOME
Unrestrirted
Funds
Restricted
Funds
Endowment
Fund5
Total
2023
Total
2022
Deposit interest
General Investment Fund
Rents investment properties
Other investment income
365
365
94
365
365
94
13

an
BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTE5 TO THE ACCOUNTS {cont'd)
31 December 2023
OTHER INCOME
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Other income
742
2218
2960
2668
742
2218
2960
2668
RAISING FUNDS
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
FWO envelopes
138
138
138
138
138
138
CHARITABLE AcfiviTIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donations to Missions and charities
Governance costs
96
67
11103
3107
75
540
96
67
11103
4480
2014
540
21
67
11686
5916
2425
474
1373
1939
14988
3312
18300
20589
14

an
BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {conVd)
31 December 2023
OTHER EXPENDITURE
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Investment properties expenses
10. FIXED ASSETS
The congregation own5 the Church premises situated at 14 Ballygoney Road East, Moneymore BT45 7XZ
and 21 Littlebridge Road Moneymore BT45 7XX the associated fixtures, fittings, plant and machinery.
These have an insurance value of £636,321.
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
2023
2022
General Investment Fund
Property
Other investments
15

an
BALLYGONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
31 December 2023
12. FUND BALANCES
Fund
Balance at
start
Receipts
Payment
Surplus 1
(Deficit)
Transfer Balance at
end
Unrestricted Funds
General Fund
Business Reserve
Progressive Building Society
12543
21922
2(K)00
16691
270
15126
1565
270
166
526
14274
22718
20000
54465
16961
15126
1835
692
56992
Restricted Funds
Building and Repair
Sunday School
Progressive Building Society
Shared Pulpit Supplies
Appeals and Collections
5635
526
5985
645
1373
(728)
113
(5261
5020
5985
2218
2218
11939)
122181
1939
1939
12146
2863
3312
14491
(6921
11005
Endowment Funds
Progressive Bu ilding Society
Harkness
Senator Duff
Henderson
3000
250
65
38
250
65
38
3353
3353
Total
69964
19824
18438
1386
71350
16