BALLYCLABBER REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND Trustees Annual Report and Financial Statements for the year ended 31 December 2024 Registered Charity in Northern Ireland (NIC1063751
BALLYCLABBER REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH OF IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 91,569 9,069 100,638 99,193 250 6.386 250 7,262 1,032 4,791 600 876 98,205 9.945 108,150 105,616 Sale of Investments Sale of fixed assets Loans Received Total Receipts 98,205 9.945 108,150 105,S16 Payments Charitable activities (76,184) (4,765) 180.9491 183,4001 Other {17,3461 {1,222) (18,568} 134,6521 Total Payments (93,530) (5,987} 199,5171 {118,052) Net receipts / Ipayrnentsl Transfers between funds 4,675 3.958 8,633 112,4361 Net movement in funds Funds brought forward 4,675 48,355 3.958 65.574 8.633 113,929 112,4361 126,365 Funds carried forward li 53.030 69,532 122,562 113,929 12
BALLYCLABBER REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restricted Endowment Total Funds Funds Funds 2024 Total Funds 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 48,355 4,675 65,574 3,958 113,929 8,633 126,365 112.4361 Bank and Cash at end of year 53.030 69,532 122,562 113,929 Bank & Cash Balances Bank UB Account Ulster Bank 3062 Progressive 3998 Progressive 7104 56.902 4,302 21.993 39,365 48,591 4,540 21,432 39,365 122,562 113,929 Other Assets Fixed Assets - Note 9 Church buildings and contents Communion Set Ride on Lawnmower Sextons House Investments- Note 10 Gift Aid Debtor 2,959.285 2.959,285 4,116 4,787 260,411 66,611 17,267 4,116 4,787 260,411 46,717 18,064 3,312,477 3,293,380 3,435,039 3,407,308 Liabilities IN/AI {N/AI Approved by the Session at a meeting and signed on its behalf by Rev. James Blair Mr. lan Mcclelland Date.. Date: 2911 OIZ025. 29/10125 13
BALLYCLABBER REFORMED PREsBERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES 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 f irst 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 activitv 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 2024 Total 2023 Recorded giving.. Loose Collections-FWO Donations and Gifts Gift Aid Legacies and Bequests 73.002 1,300 17,267 73,002 10.369 17,267 66,207 14,331 18.655 9.069 91.569 9,069 100.638 99,193 14
BALLYCLABBER REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Letting of premises Wayleave 250 250 1,010 22 250 250 1,032 INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Deposit interest General Investment Fund Rents investment properties 665 5.721 876 1,541 5,721 1,034 3,757 6,386 876 7,262 4,791 15
BALLYCLABBER REFORMED PRESBYTERIAN CHURCH CONGREGATION OF THE PRESBYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (conVd} 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Repairs fund Energy support payment 600 600 CHARITABLE ACtIVlTIES Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 WO envelopes Presbytery Fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Committees Camp fees 141 235 49,383 8.146 1,219 141 235 49,383 8,176 5,954 131 220 43,602 3,516 16,091 30 4,735 17.060 17,060 19,840 76,184 4,765 80,949 83,400 8. OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Sexton Repairs Other church expenses Rates, heat and light Gift Aid Office Conversion 3.000 370 2,083 11.764 129 3,000 1,592 2,083 11,764 129 2,850 2,452 1,941 11,049 1,222 16,360 17,346 1.222 18,568 34,652 16
BALLYCLABBER REFORMED pREsBERlAN CHURCH CONGREGATION OF THE REFORMED PRESBYTERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 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, Wlth an insurance value of £260,411. 10. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2024 2023 Barclays Shares16321 HSBC Shares {88591 1,675 64,936 974 56,343 66,611 57,317 17
BALLYCLABBER REFORMED PRESBYfERIAN CHURCH CONGREGATION OF THE REFORMED PRE5BYfERIAN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds General Account Ulster Bank 062 48.036 319 98,204 193,529} 4,675 52,711 319 48,355 98,204 {93.5291 4,675 53,030 Restricted Funds General Account Ulster Bank 062 Progressive 3998 Progressive 7104 556 4,221 21.432 39,365 9.069 (4,7651 (1.2221 4,304 11,222) 561 315 16691 984 4,191 3,983 21,993 39,365 561 315 13151 65,574 9,945 (5,987} 3,958 69,532 Endowment Funds N/A Total 113.929 108.149 (99.516) 8,633 122,562 18