BALLYCLABBER REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2022 Reglstered Charity In Northern Ireland (NIC106375)
BALLYCLABBER REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE pREsBER1AN CHURCH OF IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022 Note Unrestrlcted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Receipts Donations and legacies Cha ritable activities Othe r tradi ng activities Investment Income Other 87,384 11,385 98,769 94,118 120 2,015 120 2,489 18 1,955 474 Sale of Investments Sale of fixed assets Loans Received Total Receipts 89,519 11,859 101,378 96,091 Payments Charitable activities (71,4291 {10,545) {81,9741 {65,381} Other {17,526) (1,078) 118,6041 123,789) Total Payments {88,955) (11,623) (100,5781 189,1701 Net receipts / (payments) Transfers between funds 564 (4,5471 236 4,547 800 6,921 Net movement in funds Funds brought forward {3,9831 63,174 4,783 62,391 800 125,564 6,921 118,644 Funds carried forward 11 59,191 67,174 126,364 125,564 12
BALLYCiABBER REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestrfcted Fund5 Restrlcted Endowment Total Funds Funds Funds 2022 Total Funds 2021 Funds Reconclllatlon Bank and Cash at start of year Net movement In funds 63,174 (3,983) 62,391 4,782 125,565 799 118,644 6,921 Bank and Cash at end of year 59,191 67,173 126,364 125,565 Bank & Cash Balances Bank UB Account Bank FT Select Account Ulster Bank 3062 Progresslve 3998 Pro8resslve 4984 Progresslve 7104 59,239 63,322 6,532 21,228 1,671 21,207 39,365 39,365 126,364 125,565 Other Assets Flxed Asset5- Note 9 Church bulldlngs and contents Communlon Set Rlde on Lawnmower 2,959,285 2,642,218 4,116 4,787 3,675 4,274 Sextons House Investments- Note 10 Glft Aid Debtor 260,411 46,717 18,064 232,509 40,928 16,932 3,293,380 2,940,536 3,419,744 3,066,101 Llabllltles {N/A) {N/A} Approved by the Se551on at a meetin8 and slgned on St5 behalf by Rev. James Blalr Mr, lan Mcclelland Date., loJi./L Date: 2010612023 13
BALLYCLABBER REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POUCIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less 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 depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise la) income from endowments which is to be expended only on the restricted purposes intended by the donor and (bl 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 Endowment Funds Funds Total 2022 Total 2021 Recorded giving: Loose Collections-FWO Donations and Gifts Gift Aid Legacies and Bequests 68,960 68,960 11,385 18,424 73,192 4,872 16,054 11,385 18,424 87,384 11,385 98,769 94,118 14
BALLYCLABBER REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2022 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 4. OTHER TRADING ACTIVITIES Unre5trlcted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Letting of premises Wayleave 100 20 100 20 18 120 120 18 5. INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Deposit interest General Investment Fund Rents investment properties Other investment income 41 1,974 474 515 1,974 526 1,429 2,015 474 2,489 1,955 15
BALLYCLABBER REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 OTHER INCOME Unrestrlcted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Repairs fund CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2021 Total 2021 FWO envelopes Presbytery Fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Committees Camp fees 257 203 42,724 2,973 5,992 257 203 42,724 2,973 16,537 194 39,014 2,809 4,124 10,545 19,280 19,280 18,720 520 71,429 10,545 81,974 65,381 16
BALLYCLABBER REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Sexton Repairs Other church expenses Rates, heat and light Congregational Weekend Gift Aid 2,400 2,400 1,078 2,898 12,228 1,669 13,403 1,578 7,139 1,078 2,898 12,228 17,526 1,078 18,604 23,789 FIXED ASSETS The congregation owns the Church premises situated at 35 Ballyrashane Road, Coleraine, BT52 2NL and the associated fixtures, fittings, plant and machinery. These have an insurance value of £2,968,188, The congregation also owns the Sextons house at the same address, with an insurance value of £260,411. 10. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2022 2021 Barclays Shares (6321 HSBC Shares {8859) 1,005 45,712 1,182 39,746 46,717 40,928 17
BALLYCLABBER REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Def icit) Transfer Balance at end Unrestricted Funds General Account Ulster Bank 062 62,855 319 89,519 188,955} 564 14,547) 58,872 319 63,174 89,519 (88,955) 564 (4,5471 59,191 Restrlcted Funds General Account Ulster Bank 062 Progressive 3998 Progressive 7104 466 1,352 21,208 39,365 11,385 111,4851 11391 {iooi 11391 21 453 366 6,213 21,229 39,365 5,000 21 453 14531 62,391 11,859 111,6240 235 4,547 67,173 Endowment Funds N/A Total 125,565 101,378 1100,579) 799 126,364 18