Ballenon Reformed Presbyterian Church STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 December 2023 Unrestrided Funds 2023 Total Unrestricted Funds Funds 2023 2022 Total Funds 2022 Notes InGomg Donations and legacies Charitable aclivitl8S - Grants from govemmenls and other co-funders Investments Other income 2.633 2,633 3,697 3,697 32.561 349 5.816 32,561 349 5,816 30,204 482 6,420 30,204 482 6.420 3A Total Income 41,359 41,359 40,803 40,803 Expondlturo Charitabl8 activities Olhor expenditure 29.237 11,178 29,237 11,178 28,746 9,084 28.746 9,084 Total Expendlture 40,415 40,415 37,830 37.830 Net Incomel{expenditurel 944 2,973 2,973 Transfers beeen funds Net rnovement In funds for the flnanclal yèar 944 2,973 2.973 R•con¢iliation of fund$.' Total funds beginning of tho ygar 10 670,671 670,671 667,698 667.698 Total fund8 at the end of the year 871,615 671,615 670,871 670,671 Th& Statemenl of Financial Adivilies include$ all gains and losses rècognls8d In the flnanclal year. All In¢ome and exp$ndlturé r8lala to contlnuing aclivllles. Th9 notes on pages 9 to 13 fomi part of the financial statements
Ballenon Reformed Presbyterian Church BALANCE SHEET as al 31 December 2023 2023 2022 Notss Fixed Assets Tangible assets 615.000 615,000 Current Assets Cash at bank and In hand 56,615 55.671 Nèt Current Assèts 56,615 55,671 Total Assets less Current Llabllitles 671,615 870,671 Funds Designated funds IUnrg$trl¢ledl Get)eral fund lunro$trl¢l$dl 4.890 666,925 1,691 6fj8,980 Total lund$ 10 671.615 670.671 Approvgd by the Board of Trusteeg and authorl$gd for195ue on 18 June 2024 and slgned on Its bèhalf by An rew Flerron Trustee mes Mlnlsh rusto0 Rev Rob•rt Robb Trust• The noles on page$ 9 to 13 form part ofthe finanaal stalem8nls
Ballenon Reformed Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 GENERAL INFORMATION Ballenon Refornied Presbyterian Church is a charity registered in Northern Ireland. The registered office of the charity is 62 Corrniare Road. Poyntzpa8s, Newry, Co Down, BT35 6RY, North8m Ireland. The financial slal&ments have beon presented in Pound (£1 which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The followlng accounting pollcies have been applled conslstenlly In de8llng wlth items which are consldered material in relation lo the charity's financial statements. Bas18 of preparatlon The financial statements have been prepared on the going concern basis under the historical co81 convanlion, modified lo include certain items at fair value. The financlal statements hav8 been prepared in accordance wlth th& Statement of Recomm8nd8d Practice ISORPI "Accounting and Reportlng by Charities preparing thelr accounts In accordance wllh the Flnanclal Reportlng Stsndard applicable in the UK and Ropubll¢ of Ireland FRS 102.. As pemilled by the Companies Act 2006, the charity has varied th8 standard formals in that act for the Slatgment of Financial Activities and the Balance Sheet. Departures from the standard fomats are lo comply wllh the r8qulremenls of th8 Chari118s SORP and are in compllance wllh sectlon 4.7, 10.6 and 15.2 of that SORP. Statement of compllance Th8 flnanclal statements of th8 charlty for th8 financial year endod 31 D8cemb8r 2017 hav8 been prepared on the going concern basis and in accordance with the Slalement of Recommanded Practice ISORPI "Accounting and Reporting by Charllies preparing their accounts in accordance with the Financial Reporting standard applicable in thg UK and Republic of Ireland FRS 102" Fund accountlng Thg following arg Ihg Galogori8s of funds malntslned: Rèstrlctèd lund8 Restricl8d funds represent Income recelved whlch can only be used for particulay purposes, as sp8clfl8d by the donors. Such purposes ar8 Wlthin th8 Overall objectives of the charity. Unrestrlcted funds Unr8Stricled funds consist of General and Designated funds. General fund5 rgprgsent amounts whlch ara axpondable al the discretion of the board, In furtherance of the objectives of the charity. Designated funds comprlse unrestricted funds that the board has, al Ils discretion, sel aside for particular purposes. These designations havg an adminislralive purpose only, and do not le981ty restrict the board's discretion lo apply the fund. In¢om• Voluntary Income or capllal Is Included In the Ststement of Financial Activities when the charity is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of ils ultimate receipt. Enlitlemenl lo legacies is considered established when the charity has been notified of a distribution lo be made by the ax8culors. Income received in advance of due performance under a contraol is accounted for as deferred income until earned. Grants for activities are recognised a8 income when the related conditions ft)r legal enlillemenl have been met. Al other income is accounted for on an accruals basis. Exponditure Atl reSoUrS expended are accounted for on an accruals basls. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly inolude fundraising activities. Non-slaff costs not attributed to one Category of activity are allocated or apportioned pro-rala lo the staffing of the relevant service. Finance, HR, IT and administrative staff costs are directly attributable lo individual activities by objectwe. Governance costs are those associated with constitutional and statutory requirements.
continued Ballenon Reformed Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year en¢Jed 31 December 2023 Tangible fixed assets and depreciation Tangible fixed assets are slated al cost or at valuation, less accumulated depreciation. The charge lo depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows-. Land and buildings freehold 4Yo Straight line Cash at bank and In hand Cash at bank and in hand comprises cash on deposit al banks requlrlng less than three months notice of withdrawal. Taxatlon No curr8nl or deferred laxalion arises as the ¢harity ha$ been granted charllabla exemption. Irrecoverablo valued added tsx Is expensed as In¢urred. INCOME DONATIONS AND LEGACIES Unrestrlctod R•strl¢tgd Fund6 Funds 2023 2022 Donations and legacles 2,633 2.633 3,697 CHARITABLE ACTIVITIES Unrestrlctod Rostricted Fund¥ Funds 2023 2022 Grant$ from governmont$ and other GO•fund•r$: Income from charitable activili8s 32,561 32,S61 30,204 INVESTMENTS Unrostrlcted Restrlctgd Funds Funds 2023 2022 Investments 349 349 482 OTHER INCOME Unrestrfcted R•strl¢tod Funds Funds 2023 2022 Other incomo 5,816 5,816 6,420 EXPENDITURE CHARrrABLE ACTIVITIES Dlrect Cost8 Other Costs Support Costs 2023 2022 Expenditure on charitable acliviles Governance Costs (Note 4.3} 10,202 215 539 18.281 10,741 18A96 10,394 18,352 10A17 18,820 29,237 28,746 OTHER EXPENDITURE Dlroct Costs Other Costs Support Costs 2023 2022 Other expenditure 11,178 11.178 9,084 10
continued Ballenon Reformed Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 GOVERNANCE COSTS Dire¢t Co$ts Other Costs Support Costs 2023 2022 Charitable activities- governanc8 215 18.281 18A96 18,352 SUPPORT COSTS Charitable Other Governance Actlvltlès Expendlture Costs 2023 2022 Heat & light Accountancy InsLsran¢e Salaries. wages and related costs Repairs & maintenance Rates Prlnung & stationery 1,151 780 660 15,566 1,151 780 1,260 15,566 9,789 913 539 1,282 780 1,103 14,954 7,833 860 389 600 9,789 789 124 539 539 11.178 18,281 29,998 27,201 ANALYSIS OF SUPPORT COSTS 2023 2022 Heat &1Sght A¢counlancy Insurance Salaries. wag•s and rg181od costs Rep8irs & maintenance Ralos Printlng & slallonery Bank le88 & interest 1.282 780 1,103 14,954 7.833 860 389 455 780 1,260 15,566 9.789 913 539 459 30,457 27.656 INVESTMENT AND OTHER INCOME 2023 2022 Other inlgrest 1,054 887 EMPLOYEES AND REMUNERATION The staff costs ¢omprlse'. 2023 2022 Vvages and salanes 15,444 14,850 11
¢ontlnued Ballenon Reformed Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 TANGIBLE FIXED ASSETS Land and buildlngs freehold Total Cost Al 31 December 2023 615.000 615,000 book value At 31 Dernber 2023 615.000 615,000 At 31 December 2022 615.000 615,000 RESERVES 2023 2022 Al the beglnnlng of the year Surplus for the financial year 670,671 944 667,698 2,973 Al the end of the year 671,615 670,671 10. FUNDS 10.1 RECONCIUATION OF MOVEMENT IN FUNDS Unrostrlcted Funds Total Fund$ Al 1 January 2022 Movement during the financial year 867,698 2,973 667,698 2,973 Al 31 December 2022 Movement during the financlal year 670,671 944 670,671 944 At 31 December 2023 671,615 671,615 10.2 ANALYSIS OF MOVEMENTS ON FUNDS 8alanc& 1 January 2023 Income Expendlturo Transters 8alanc between 31 D•¢gmber lunds 2023 Unr•8trlct•d funds Manse AccoL¢nt Fund Bulldlng Fund Account Women's Fellowship Ballenon & Ballylane Church Outing General Fund Ballenon Sabbath School Account Ballenon RPC Savings Account Unrestricted Funds 1,956 1541 12,0801 1,869 575 2.344 1,220 2,531 11,925) {964} 1,498 4,215 104 371 31.729 35.344 117 232 26,581 1323) 11,490 40,492 1,324 10,109 615,000 21.367 615.000 670,671 39,832 138,8881 671,615 Total funds 670.671 39,832 38,888 671.615 12
continue Ballenon Refomied Presbyterian Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 10.3 ANALYSIS OF NET ASSETS BY FUND Flxed assots - Gharlty use Current assets Currnnt liabilitles Total Unrestricted designated funds Unrestricted general funds 1,376 64,690 (9,451) (8,0751 679,690 615,000 615,000 66,066 {9,451) 671,615 615.000 66.066 {9,451) 671,615 11. POST4ALANCE SHEET EVENTS There have been no 81gniflcanl ev8nl8 affecting the Charity since the financial y¢ar-¢nd. 13