Charity Number: 106259 Ballenon Reformed Presbyterian Church Annual Report and Unaudited Financial Statements for the financial year ended 31 December 2022 Daly Park & Company Ltd Chartered Accountants 6 Trevor Hill Newry Co. Down BT34 1DN Northern Ireland
Ballenon Reformed Presbyterian Church CONTENTS Page Referen and Administrative Information Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-13 Suppl8mentary Information relating to the Financial Statements 15
Ballenon Reformed Presbyterian Church REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Andrew Herron James Minish Rev Robert Robb Charity Number in Northern Ireland 106259 Prlncipal Address 23 Damolly Road Markethill Co. Armagh BT60 1SP Northern Ireland Independent Examiner Daly Park & Company Ltd Chartered Accountants 6 Trevor Hill Newry Co. Down BT34 1 DN Northern Ireland Banker8 Danske Bank P.0. Box 183 Donegall Square West Belfast Co. Antrim BT16JS Northern Ireland
Ballenon Reformed Presbyterian Church TRUSTEES. REPORT for the financial year ended 31 December 2022 The trustees present their Trustees, Report and the unaudited financial statements for the financial year ended 31 December 2022. The financial statements are prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to Gharifies preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the information required lo be provided in the Trustees, Annual Report under the Statement of Recommended Practice (SORP) guidelines. In this report the trustees of Ballenon Reformed Presbyterian Church present a summary of its purpose, governance, activities, achievements and fInanS for the financial financial year 31 December 2022. Mlsslon, Objoctlves and Stratsgy ObJectlve8 The Church carries out its purpose by promoting w8ekly public worship ServIS and Bible Study meetings. The Church also runs special meetings for th6 public al which the teaching of the word of God will be made known. The Church also provides opportunities for fellowship and will give advice, counsel and support to members and the public. Flnancial Raview The results for the financial financial year are set out on page 7 and additional notes are provided showing income and expenditure in greater detail. Results and Dlvldend8 At the end of thé financial year the charity has assets of £670,671 {2021 £667,698) and Ilabllltles of £0.00 <2021 £0.00). The net assets of the charity have increased by £2,973. In accordance wlth the Constltutlon, the trustees retire by rotatlon and, belng eliglble, offer themselves for r8-election. Compllance wlth Soctor-wide Logi81ation and Standards The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Ballenon Reformed Presbyterian Church subscrtbes to and Is compliant with the followlng.. The Charities SORP (FRS 102) Approved by the Board of Tru8tee8 on 12 October 2023 and signed on it8 behalf by: Andrew Herron Trustee Trus Robert Robb Trustse
Ballenon Reformed Presbyterian Church STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 December 2022 The trustees are responsible for preparing the financial statements in accordan wtth applicable law and regulations. The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the tharity as at the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act (Northern Ireland) 2008. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent., state whether the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those slandards, and nole Ihe effed and the reasons for any material departure from those standards. and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that Ihe charity will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act (Northern Ireland} 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approvod by tho 8oard of Trustoos on 12 October 2023 and slgned on Its behalf by: Andrew Herron Trustee ames Minish Trustea Rev Robert Robb Tru8tee
Ballenon Reformed Presbyterian Church INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF BALLENON REFORMED PRESBYTERIAN CHURCH I have examined the financial statements of the chartty for the financial year ended 31 December 2022, which comprise the Statement of Financial Activities, the Balance Sheet and th& related notes. This report is made solely to the charity's members, as a body, in accordance with the Charities Act (Northern Ireland) 2008. My work has been undertaken so that I might compile the financial statements that I have been engaged to compile, report to the Board of Trustees that I have done so, and state those matters that I have agreed to slate lo them in this report and for no other purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility to anyone other than the ¢harily and the ¢haritVs members, as a body, for my work, or for this report. Respective responsibilities of trustses and examiner The charity's trustees are responsible for the preparation of thé financial statements in accordance with the requirements of the Charities Act (Northem Ireland) 2008. The charity's trustees consider that an audit is not required for this financial year under the Charities Act {Northern Ireland) 2008 and that an independent examination is requSred. It is my r8sponsibility to.. examine the financial statements under section 65 of the Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65{9){b) of the Charities Act,. and state whether particular matters have come lo my attention. Basis of independent examiner's report I have examined your charity financial statements as required under section 65 of the Charities Act and my examination was carried out In accordance with the general Oirections given by the Charity Commission for Northern Ireland under seclion 65(91(bl of the Charities Act. An examination includes a review of the accounting records kepi by the Charity and a comparison of the financial statements presented wilh those records. It also includes Consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fall vlew and the report Is limlted to those matters set out in the statement below. In connection with my examination, no matter has come lo my attention which gives me cause to belleve that in, any material respect.. accounting records were not kept in accordance with section 63 of the Charities Act the financial statements do nol accord with those accounting records the financial statements have not been prepared in accordance with the Statement of Recommended Practice applicable lo charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) there is further information needed for a proper understanding of the accounls lo be reached. Independent examiner's statsment I have no concerns and have Gome across no other mattérs In connection wilh the examination to which attenlion should be drawn in this report in order to enable a proper understanding of the financial statements lo be reached. DALY ARK & COMPANY LTD Chartered Accountants 6 Trevor Hill Newry Co. Down BT34 1DN Northern Ireland
Ballenon Refonned Presbyterian Church STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 December 2022 Unrestricted Funds 2022 Total Unrestricted Funds 2021 Total 2022 2021 Notes Incom8 Donations and legacies Charitable activities Grants from govemmenls and other co-funders Investments Other income 3,697 3,697 3,769 3,769 30,204 482 6,420 30,204 482 6,420 25,682 1,803 25,682 1,803 8,004 Totsl income 40,803 40,803 39,258 39,258 Expenditure Charitable activities Other expenditure 28.746 9,084 28,746 9,084 26,122 10,530 26.122 10,530 Total Expendlture 37,830 37,830 36,652 36,652 Net incomel{expenditure) Transfers beeen funds 2,973 2,973 2,606 2,606 Net movement In funds for the flnanclal year 2,973 2,973 2,606 2,608 Reconelllatlon of fund8 Balances brought forward at 1 January 2022 10 667,698 667,698 865,092 665.092 Balances carrlad forward at 31 December 2022 670,671 670,671 667,698 667,698 The Statement of Financial Aclivities includes all gains and losses recognised In the financial year. All income and expenditure relate to continuing activities. The notes on pages 9 to 13 form part of the finanGial statements
Ballenon Refomied Presbyterian Church BALANCE SHEET as at 31 December 2022 2022 2021 Notss Fixed Assets Tangible assets 615,000 615,000 Current Assets Cash at bank and in hand 55,671 52,698 Not Current Assets 55,671 52,698 Total Assets less Current Liabilitlas 670,671 667,698 Funds Unrestricted designated funds General fund (unrestricted) 1,691 668,980 4,068 663,630 Totsl fund8 10 670,671 667,698 Approved by the Board of Tru8te88 and authorlsed for issue on 12 October 2023 and signed on It8 behalf by Andrew Herron Tr stee ames Mlnlsh Tru8tee Rev Robert Robb Trustee The notes on pages 9 to 13 fomi part of the financial statements
Ballenon Reformed Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2022 GENERAL INFORMATION Ballenon Reformed Presbyterian Church is a charity registered in Northern Ireland. The registered office of Ihe charity is 62 Corrniare Road, Poynlzpass, Newry, Co Down, BT35 6RY, Northern Ireland. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied Consistently in dealing with items which are considered material in relation lo the charity's financial statements. Basis of preparatlon The financial statements have been prepared on the going concern basis under the historical cost convention, modified lo include certain items at fair value. The financial statements have bèen prepared in a¢¢ordano with the Statemenl of Recommended Practice {SORP) "Accounting and Reporting by Charities preparing their aount5 in a¢¢ordan¢e wlth th8 Financial R8POrting Standard applicable in the UK and Republic of Ireland FRS 102" As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Stalemenl of Financial Activities and the Balance Sheet. Departures from the standard formats are lo comply with the requirements of the Charilies SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. statement of compliancè The financial statements of the charity for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommènded Practice ISORP) "Accounting and Reporting by Charities preparing their accounts in accordanc8 with the Financial Reporting Standard appllcable In the UK and Republlc of Ireland FRS 102" Fund accountlng The following are the categories of funds maintalned.. Re8tr1¢t8d funds Restrict6d funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. Unrestrlcted fund8 Unrestricted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of Ihe board, in furtherance of the objectives of the charity. Designated funds comprlse unrestricted funds Ihat the board has, at its discretion, set aslde for particular purposes. These designations have an administrative purpose only, and do nol legally restrict the board's discretion to apply the fund. Income Voluntary income or capital is included in the Statement of Financial Activities when the charity is legally enlitled lo it, its financial value can be quantified with reasonable certainty and there is reasonable certainly of its uttimate reipt. Entitlement to legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as d&f@rred income until eamed. Grants for adivities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Expendlture All resourtss expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non-staff costs not attributed to one category of activily are allocated or apportioned pr(Frata to the staffing of the relevant service. Finan. HR, IT and administrative staff costs are directly attributable to individual activities by objective. Govemance costs are those associated with constitutional and statutory requirements.
Ballenon Reformed Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2022 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost or at valualion, less accumulated depreciation. The charge to depreciation is calculated lo write off Ihe original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows.. Land and buildings freehold 4 % straight line Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxatlon No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. INCOME DONATIONS AND LEGACIES Unrestricted Restrlcted Funds Fund8 2022 2021 Donations and legacies 3,697 3,697 3,769 CHARITABLE ACTIVITIES Unrestrlctsd Restrlcted Fund8 Funds 2022 2021 Inme from charitable activities 30,204 30,204 25,682 INVESTMENTS Unrestrlctsd Restricted Funds Funds 2022 2021 Investments 482 482 1,803 OTHER INCOME Unre8trictod Restrlcted Funds Funds 2022 2021 Other income 6,420 6,420 8,004 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs othor Costs Support Costs 2022 2021 Expenditure on charitable activites Goveman¢e Costs (Note 4.3) 10,005 624 389 17,728 10,394 18,352 6,783 19,339 10,629 18,117 28,746 26,122 OTHER EXPENDITURE Dlrect Costs Other Costs Support Costs 2022 2021 Other expenditure 9.084 9.084 10,530 10
Ballenon Reformed Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2022 GOVERNANCE COSTS Direct Costs Other Costs Support Costs 2022 2021 Charitable activities - governance costs 624 17,728 18.352 19,339 SUPPORT COSTS Charitsble other Govemanco Activities Expenditure Costs 2022 2021 Prinling & stationery General expenses Insurance Accountancy Salaries, wages and related ¢osts Repairs & maintenance Rates Heat & light 389 389 203 329 1,077 720 15,407 9,289 847 2,252 503 600 780 14,954 1,103 780 14.954 7,833 860 1,282 7,833 748 112 1,282 389 9,084 17,728 27,201 30,124 ANALYSIS OF SUPPORT COSTS 2022 2021 Printing & stationery Géneral exp8ns8S Insuran Accountsncy Salaries, wages and related costs Repairs & maintenance Rates Heat & light Bank fees & interest 389 203 329 1,077 720 15,407 8,660 847 2,252 459 1,103 780 14,954 7.833 860 1.282 455 27,656 29,954 INVESTMENT AND OTHER INCOME 2022 2021 Other interest 887 1,169 EMPLOYEES AND REMUNERATION The stsff costs comprise: 2022 2021 Wages and salaries 14,850 15,320 11
Ballenon Refonned Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 310ecember 2022 TANGIBLE FIXED ASSETS Land and buildings freehold Total Cost At 31 D8c6mber 2022 615,000 615,000 Net book value At 31 Decèmber 2022 615,000 615,000 At 31 December 2021 615,000 615,000 RESERVES 2022 2021 At 1 January 2022 SLsrplus for the financial year 667,698 2,973 665,092 2,608 At 31 December 2022 670,671 667,698 10. FUNDS 10.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds Total Funds At 1 January 2021 Movement during the financial yèar 665,092 2,606 665,092 2,606 At 31 December 2021 Movement during the financial year 667,698 2,973 667,698 2,973 At 31 Dec8mber 2022 670,671 670,671 10.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2022 Income Expendlture Transfers Balance between 31 December funds 2022 UnrestrScted funds Manse Account Fund Building Fund Account Women's Fellowship Ballenon & Ballylane Church Outing General Fund Ballenon Sabbath School Account Ballenon RPC Savings Account Unrestricted Funds 3.905 203 (2,066) 2,026 616 4.677 1,618 2,565 4,934 1,632 157 1,956 (54) (2,080) 1,869 26,471 884 21,275 615,000 32,517 27,259 31,729 884 21,367 615,000 92 667,698 39.520 (36,547) 670,671 Total funds 667.698 39,520 36,547 670,671 12
Ballenon Refomied Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2022 10.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets charlty use Current assets Totsl Unrestricted designated funds Unrestricted general funds 1,691 53,980 1,691 668,980 615,000 615,000 55,671 670,671 615.000 55,671 670,671 11. POST.BALANCE SHEET EVENTS There have been no significant evenls affecting the Charity sin¢e lh8 financial year-end. 13