BALLYCLABBER REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2023 Registered Charity in Northern Ireland (NIC106375}
BALLYCLABBER REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH OF IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 84,862 14,331 99,193 98,769 1,032 4,266 600 1,032 4,791 600 120 2,489 525 90,760 14,856 105,616 101,378 Sale of Investments Sale of fixed assets Loans Received Total Receipts 90,760 14,856 105,616 101,378 Payments Ch aritable activities {68,9361 114,464) 183,400) {81,9741 Other (32,660) (1,992) (34,652) 118,604) Total Payments (101,596) (16,456) 1118,052) {100,5781 Net receipts / {payments} Transfers between funds 110,836) (1,600} (12,4361 800 Net movement in funds Funds brought forward 110,836) 59,191 11,6001 67,174 112,436) 126,365 800 125,564 Funds carried forward 11 48,355 65,574 113,929 126,364 12
BALLYCLABBER REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH OF IRELAND STATEMENT OF AsSs AND UABILITIES As at 31 December 2023 Unrestricted Funds Restricted Endowment Total Fund5 Funds Funds 2023 Total Funds 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 59,191 (10,836) 67,174 (1.600) 126,365 (12,436) 125,565 799 Bank and Cash at end of year 48,355 65.574 113,929 126,364 Bank & Cash Balances Bank UB Account Bank FT Select Account Ulster Bank 3062 Progressive 3998 Progressive 4984 Progressive 7104 48,591 59,239 4,540 21,432 6,532 21,228 39,365 39,365 113,929 126,364 Other A55ets Fixed Assets- Note 9 Church buildings and contents Communion Set Ride on Lawnmower 2,959,285 2,959,285 4,116 4,787 4,116 4,787 Sextons House Investments- Note 10 Gift Aid Debtor 260,411 46,717 18,064 260,411 46,717 18,064 3,293,380 3,293,380 3,407,308 3,419,744 Liabilities {N/A) {N/A) Approved by the Session at a meeting and signed on its behalf by Rev. James Blair Mr. lan Mcclelland Date: 22/10/2024 Date: 22/10/2024 13
BALLYCLABBER REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMEKrs 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 {a} income from endowment5 which is to be expended only on the restricted purposes intended by the donor and Ib) 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-FWO Donations and Gifts Gift Aid Legacies and Bequests 66,207 66,207 14,331 18,655 68,960 11,385 18,424 14,331 18,655 84,862 14,331 99,193 98,769 14
BALLYCLABBER REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE PRE5BYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTivrriES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Letting of premises Wayleave 1,010 22 1,010 22 100 20 1,032 1,032 120 INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Deposit interest General Investment Fund Rents investment propertie5 Other investment income 509 3,757 525 1,034 3,757 515 1,974 4,266 525 4,791 2,489 15
BALLYCLABBER REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Repairs fund Energy support payment 600 600 600 600 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 FWO envelopes Presbytery Fee5 Ministry and support staff cost5 Congregational running expenses Donations to Missions and charities Committees Camp fees 131 220 43,602 3,516 1,627 131 220 43,602 3,516 16,091 257 203 42,724 2,973 16.537 14,464 19,840 19,840 19,280 520 68,936 14,464 83,400 81,974 16
BALLYCLABBER REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Sexton Repairs Other church expenses Rates, heat and light Congregational Weekend Gift Aid Office Conversion 2,850 460 1,941 11,049 2,850 2,452 1,941 11,049 2,400 1,078 2,898 12,228 1,992 16,360 16,360 32660 1,992 34,652 18,604 FIXED ASSErs 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. 2023 2022 Barclays Shares (632) HSBC Shares18859) 974 56,343 1,005 45,712 57,317 46,717 17
BALLYCLABBER REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2023 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / {Deficit} Transfer Balance at end Unrestricted Fund5 General Account Ulster Bank 062 58,872 319 90,760 (101,5961 110,836) 48,036 319 59,191 90,760 {101.596} (10,836) 48,355 Restricted Funds General Account Ulster Bank 062 Progressive 3998 Progressive 7104 367 6,213 21,229 39,365 14,332 114,1431 11.992) 189 { 19921 203 556 4,221 21,432 39,365 203 321 1321) 67,174 14,856 116.4561 11,600) 65,574 Endowment Funds N/A Total 126,365 105.616 1118,0521 112,4361 113,929 18