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2024-08-31-accounts

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church

Financial Statements

for the year ended 31 August 2024

Charity Registration Number 107362

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church

Charity Information

Principal address 17 Glassillian Grove, Greenisland, Carickfergus, BT38 8TE Trustees Mr Leonard Duddy Mr Chris Dorrian Mr Philip Matthew Howe Mrs Joanne Davidson Mr Uel Clayton Preston Mr Stephen William Broad Mr Dylan O’Neill Mr Keith Jardine Miss Pamela Elizabeth Collins Mr Nigel Robert McQuillan Mr Michael Samuel Wylie Mr Christopher Andrew Frazer Mrs Nancy Givens Accountants/ JSR Chartered Accountants Independent Examiners 44 Blackisland Road Annaghmore Portadown BT62 1NE Bankers Danske Bank Belfast Business Centre PO Box 183 Donegal Square West Belfast BT1 6JS Charity Commission For Northern Ireland Number 107362

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church

Contents
Page
Report of the trustees 1 - 3
Independent Examiners Report 4
Funds Statements:
Statement of Financial Activities 5
Statement of Financial Activities – Prior year statement 6
Fixed Asset Funds 6
Summary of Funds 7
Income & Expenditure Account 7
Balance sheet 8
Notes to the financial statements 9 - 21

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Trustees Report

for the year ended 31 August 2024

The Trustees present their Report and Accounts for the year ended 31[st] August 2024.

Reference and Administrative Details

The Charity name

The legal name of the charity is Greenisland Baptist Church.

The charity’s areas of operation and UK charitable registration

The charity is registered in NI with Charity Commission for Northern Ireland (CCNI), and is listed under registration number 107362.

Legal Structure of the charity

The Trust (the charity) is an unincorporated trust, constituted under a deed of trust, and is registered as a charity with HRMC and with Charity Commission for NI.

There are no restrictions in the governing documents on the operation of the charity or on its investment powers other than those imposed by Charity Law.

The Trustees in office on the date the report was approved were as noted below:

Mr Leonard Duddy Mr Chris Dorrian Mr Philip Matthew Howe Mrs Joanne Davidson Mr Uel Clayton Preston Mr Stephen William Broad Mr Dylan O’Neill Mr Keith Jardine Miss Pamela Elizabeth Collins Mr Nigel Robert McQuillan Mr Michael Samuel Wylie Mr Christopher Andrew Frazer Mrs Nancy Givens

The following Trustees period of office ended during the year ended 31[st] August 2024: Mr John McMillan.

The principal operating address, telephone number, email address and wed addresses of the charity are noted below:

17 Glassillan Grove, Carrickfergus, Co Antrim, BT38 8TE 028 9086 2808 info@greenislandbaptist.com www.greenislandbaptist.com

Objects and activities of the charity

The purposes of the charity as set out in its governing document

The main activities undertaken in relation to those purposes during the year

Page | 1

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Trustees Report

for the year ended 31 August 2024

The main activities undertaken during the year to further the charity’s purpose for the public benefit.

Adults

We aim to offer opportunities for discipleship to equip people to grow into devoted followers of Jesus:

Youth

We seek to provide a cycle of activities to help young people encounter the big God of the Bible while coming alongside them dealing with issues they are confronting and drawing from our own life experience.

Kids

There are a range of activities for children aged 0-11 years in our Creche, Sunday Club, Mango Tots.

Community

We are engaged in a variety of activities to help live out God’s love in our community:

The Trustees have had regard to the Charity Commissions guidance on public benefit in managing the activities of the charity.

The main achievements and performance of the charity during the year

The church continued to hold regular services for public worship and organised events that promoted fellowship amongst the members of the church and provided outreach opportunities with the wider community (as detailed above).

The difference the charity’s performance has made to the beneficiaries of the charity and to wider society

The church continued to provide benefit to its members and the public by making known the Christian gospel of the Lord Jesus Christ through the advancement of the Christian Faith.

Structure, governance, and management of the charity The methods used to recruit and appoint new charity trustees

In accordance with the constitution, the Church shall actively promote a Board of Trustees which includes a range of skill, experience, and knowledge in keeping with the pursuance of its Objects.

Page | 2

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Trustees Report

for the year ended 31 August 2024

Financial Review

The charity’s financial position at the end of the year ended 31[st] August 2024

The financial position of the charity on 31[st] August 2024 and comparatives for the prior year ended 31[st] August 2023, as fully detailed in the accounts, can be summarised below:

Net Income
Unrestricted Revenue Funds available for general purposes of
charity
Designated Revenue Funds
Total Unrestricted Funds
Restricted Funds
Total Restricted Funds
Total Funds		 2024
£
11,457
92,586
40,985
133,571
891,828
891,828
1,025,399		 2023
£
23,813
89,580
44,335
133,915
880,027
880,027
1,013,942

The trustees consider the financial performance by the charity during the year to have been satisfactory.

Policies on reserves

It is church policy to maintain a balance on unrestricted funds (if possible), which equates to at least three months unrestricted payments to cover emergency situations that may arise from time to time. This is estimated at £60,000 (prior year £60,000) of unrestricted funds and on 31[st] August 2024 the church recorded £133,571 of unrestricted and designated funds available.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity’s assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

This report was approved by the board of trustees on 17[th] June 2025, signed on behalf of the board by:

Mr Chris Dorrian Trustee

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Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church

Independent Examiners Report

Year ended 31[st] August 2024

Independent Examiner’s Report to the Charity Trustees of Greenisland Baptist Church

I report on the accounts of the Trust for the year ended 31[st] August 2024, which are set out on pages 5 to 20.

Respective responsibilities of charity trustees and examiner

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.

It is my responsibility to:

Basis of independent examiner’s report

I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. That accounting records were not kept in accordance with section 63 of the Charities Act.

  2. That the accounts do not accord with those accounting records.

  3. That the accounts do not comply with the accounting requirements of the Charities Act.

  4. That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner’s statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Jonathan Ross FCA Chartered Accountant

44 Blackisland Road Annaghmore Portadown BT62 1NE

17[th] June 2025

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Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Statement of Financial Activities for the year ended 31 August 2024

Statement of Financial Activities for the year ended 31 August 2024

Incoming Resources
Notes
Donations & Legacies
22
Investment income
Total Incoming Resources
Resources Expended
Charitable activities
24, 25
Total Resources Expended
Net incoming/ outgoing resources
before transfers
Gross transfers between funds
Net incoming/ outgoing resources
after transfers
Other recognised gains and losses
Net movement in funds
Reconciliation of funds
Total funds brought forward
16
Total funds carried forward
16		 Current year Total
Funds
£
334,074
-
334,074
322,617
322,617
11,457
11,457
11,457
1,013,942
1,025,399		 Prior year
£
323,146
-
Unrestricted
Funds
£
225,595
225,595
222,589
222,589
3,006
3,006
3,006
89,580
92,586		 Designated
Funds
29,225
29,225
32,575
32,575
(3,350)
(3,350)
(3,350)
44,335
40,985		 Restricted
Funds
£
79,254
79,254
67,453
67,453
11,801
11,801
11,801
880,027
891,828
323,146
299,333
299,333
23,813
23,813
23,813
990,129
1,013,942

The ‘SORP Ref’ indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

The Statement of Financial Activities includes all gains and losses in the year.

All activities derive from continuing operations.

Page | 5

The Notes attached on pages 9 to 21 form an integral part of these accounts.

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Statement of Financial Activities for the year ended 31 August 2024

Analysis of prior year total funds, as required by paragraph 4.2 of the SORP.

Incoming Resources
Notes
Donations & Legacies
22
Investment income
Total Incoming Resources
Resources Expended
Charitable activities
24, 25
Total Resources Expended
Net incoming/ outgoing resources
before transfers
Gross transfers between funds
Net incoming/ outgoing resources
after transfers
Net incoming resources before other
recognised gains and losses
Other recognised gains and losses
Net movement in
funds
Reconciliation of
funds
Total funds brought forward
16
Total funds carried forward
16		 Unrestricted
Funds
2023
£
194,278
-
194,278
199,848
199,848
(5,570)
-
(5,570)
(5,570)
-
(5,570)
95,150
89,580		 Designated
Funds
2023
42,888
-
42,888
37,990
37,990
4,898
-
4,898
4,898
-
4,898
39,437
44,335		 Restricted
Funds
2023
£
85,980
-
85,980
61,495
61,495
24,485
-
24,485
24,485
-
24,485
855,542
880,027		 Total
Funds
2023
£
323,146
-
323,146
299,333
299,333
23,813
-
23,813
23,813
-
23,813
990,129
1,013,942		 Prior
year
2022
£
299,506
31
299,537
198,064
198,064
101,473
-
101,473
101,473
-
101,473
888,656
990,129

Greenisland Baptist Church - Resources applied in the year ended 31st August 2024 towards fixed assets for Charity use:

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Net resources available to fund charitable activities		 2024
£
11,457
-
11,457		 2023
£
23,813
-
23,813

Page | 6

The Notes attached on pages 9 to 21 form an integral part of these accounts.

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Statement of Financial Activities for the year ended 31 August 2024

Greenisland Baptist Church - Movement in revenue and capital funds for the year ended 31st August 2024

024
Accumulated funds brought forward
Recognised gains and losses before transfers
(From)/ To unrestricted revenue funds
Closing revenue funds		 Unrestricted
Funds
£
89,580
3,006
-
92,586		 Designated
Funds
44,335
(3,350)
-
40,985		 Restricted
Funds
£
880,027
11,801
-
891,828		 Total
Funds
£
1,013,942
11,457
-
1,025,399		 Prior
year
£
990,129
23,813
-
1,013,942

The purposes for which these funds have been designated are described in the Notes to the accounts.

Greenisland Baptist Church - Income and Expenditure Account for the year ended 31[st] August 2024

Income from Operations
Investment Income and interest rec'd
Gross income in year before exceptional items
Exceptional income
Gross income in year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Interest payable
Total expenditure in year
Net income before tax in year
Tax on surplus
Net income after tax
Retained surplus for the year		 2024
£
334,074
-
334,074
-
334,074
253,128
38,959
30,530
322,617
11,457
-
11,457
11,457		 2023
£
323,146
-
323,146
-
323,146
236,075
38,636
24,622
299,333
23,813
-
23,813
23,813

All activities derive from continuing operations.

Page | 7

The Notes attached on pages 9 to 21 form an integral part of these accounts.

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Balance sheet as at 31 August 2024

Notes
Fixed Assets
Tangible Assets
11
Current Assets
Cash at Bank
Creditors: amounts falling due within one year
12
Net current (liabilities)/ assets
Total assets less current liabilities
Creditors: amounts falling due after more than one
year
13
Total net assets
Restricted Funds
Restricted revenue fund
17
Unrestricted Funds
Unrestricted revenue fund
17
Designated Funds
Designated revenue fund
17
Total Charity funds		 230,798
(25,358)		 2024
£
1,294,079
205,440
1,499,519
(474,120)
1,025,399
891,828
92,586
40,985
1,025,399		 222,016
(25,358)		 2023
£
1,327,456
196,658
1,524,114
(510,172)
1,013,942
880,027
89,580
44,335
1,013,942

The Balance Sheet above has been classified as required under the formal SORP document. As required under paragraph 4.60 of the SORP, the brought forward and carried forward funds have been agreed to the SOFA.

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of the accounts.

The charity is subject to the Independent Examination under charity legislation, and the report of the Independent Examiner is included on page 4.

The foregoing Balance Sheet Account was approved by the trustees on: 17[th] June 2025.

Signed on behalf of the trustees

______ Mr Chris Dorrian, Trustee

Page | 8

The Notes attached on pages 9 to 21 form an integral part of these accounts.

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements for the year ended 31 August 2024

1. Accounting policies Policies relating to the production of the accounts.

Basis of preparation

The financial statements have been prepared in accordance with the church’s constitution, the Charities Act (Northern Ireland) 2008, FRS102 “The Financial Reporting Standard applicable in UK and Republic of Ireland” (“FRS102”) and the Charities SORP “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)” (effective 1 January 2019).

Going Concern

In accordance with the Charities SORP, the trustees have made an assessment of the charity's ability to continue as a going concern and believe that the charity is a going concern for the foreseeable future. This assessment is based on a review of the charity's financial position, cash flow, and projected financial performance. While there are some uncertainties related to potential changes in funding and increasing operating costs, the trustees believe that the charity has sufficient resources and a strong management team to mitigate these risks and continue its operations.

Cash flow statement

The charity has taken advantage of the exemption provided by SORP and has not prepared a cash flow statement.

Risks and future assumptions

The charity is a public benefit entity.

There have been no judgements or future assumptions made which have a significant impact on the financial statements.

Policies relating to categories of income and income recognition.

Categories of income

Income is categorised as income from exchange transactions (contract income) and income from nonexchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance-related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

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Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements for the year ended 31 August 2024

Income recognition

Income, whether from exchange or non-exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting and related fees or costs.

Donated goods, facilities, and services

Donated fixed assets are recognised at the current fair value. All such donations are recognised as donated income and debited to fixed assets.

Donated goods that are not fixed assets are accounted for at a fair value unless it is impractical to reliably measure the value of the donated items.

In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated release value after deducting any anticipated costs of sales.

If it is impractical to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, then donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense.

The costs of goods donated for distribution to beneficiaries is deemed to be the fair value of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a cost of donations made.

The carrying amount of any stock held for distribution is assessed for impairment at the reporting date. All donated goods are recognised as donated income and debited to trading stock. When trading stock is subsequently sold, or apportioned to meet an expense, then the carrying value of the stock is recognised as an expense. In accordance with the SORP, goods donated for distribution to beneficiaries, or for consumption by the charity are included in ‘legacies and donations’. Goods donated for resale are included in ‘Income from other trading activities’.

The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of receipt. If the goods held are to be distributed freely or for a nominal consideration, then the carrying amount is subsequently adjusted to reflect the lower of deemed cost adjusted for any loss of service potential and replacement cost. Replacement cost is the economic cost incurred if the charity was to replace the service potential of the donated goods at its own expense in the most economic manner.

Page | 10

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements for the year ended 31 August 2024

Donated services and facilities (including seconded staff and use of property) are included in the accounts based on the value of the gift to the charity.

Policies relating to expenditure on goods and services provided to the charity

Recognition of liabilities and expenses

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists because of a past event, and when it is more likely than not that a transfer of economic benefits will be required is settlement, and when the amount of the obligation can be measured or reliably estimated.

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities and is decreased by the utilisation of any provision within the period and reversed if any provision is no longer required. These movements are charged to credited to the respective funds and activities to which the provision relates.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note 7.

Policies relating to assets, liabilities, and provisions and other matters. Tangible Fixed Assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the assets into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Freehold premises 2% straight line Furniture and fittings 10% straight line Equipment 33% straight line

A regular annual review of the likelihood of asset impairment is undertaken.

Cash and bank balances

Cash held by the charity is included in the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

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Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements for the year ended 31 August 2024

Pensions - defined contribution schemes

The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account (Income and Expenditure account) as they become payable in accordance with the rules of the scheme.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity.

Designated funds are unrestricted funds ‘earmarked’ by the trustees for purposes.

Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal as implied by law.

2. Liability to Tax

The Trustees consider that the charity satisfies the tests to be considered exempt from taxation in respect of income or capital gains, as such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.

Value Added Tax (VAT) is not recoverable by the charity and is therefore included in the relevant costs in the SOFA.

3. Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4. Significance of financial instruments to the charity’s position

A Financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

5. Net surplus before tax in the financial year

The net surplus before tax is stated after charging:
Depreciation of fixed assets
Pension costs		 2024
£
38,958
8,121
47,079		 2023
£
38,636
7,274
45,910

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Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements for the year ended 31 August 2024

6. Interest payable

Loan interest 2024
£
30,530		 2023
£
24,622

7. The contribution of volunteers

The church depends on the support of its volunteers, which is much appreciated. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.

8. Staff costs and emoluments

Gross Salaries excl trustees and key mgt personnel
Social Security Costs
Employer contribution to pensions
Trustees remuneration
Numbers of full-time employees or full-time equivalents
The average number of staff employed during the year
The average number of part-time staff employed in the year
The average number of full-time staff employed in the
year
The estimated full time equivalent number of all staff employed
Engaged on charitable activities
The estimated full time equivalent number of all staff
employed as per above		 Total
Funds
£
53,737
-
8,121
69,858
131,716
6
3
2
5
5
5		 Prior
year
£
47,320
-
7,274
61,186
115,780
6
3
3
6
6
6

No employee received emoluments exceeding £60,000 in the current or prior year.

9. Defined contribution pension scheme

The charity operates a defined contribution pension scheme, the costs of which are shown above. Any liabilities and assets associated with the scheme are shown under debtors and creditors.

Page | 13

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements for the year ended 31 August 2024

10. Remuneration and payments to Trustees and persons connected with them

The Pastor acts as one of the Church’s Trustees in accordance with the constitution and received remuneration in respect of his services as Pastor, and not in respect of his service as a Trustee.

11. Tangible Fixed Assets

Land &
Furniture &
Equipment
Buildings
Fittings
Cost
At 1 September 2023
1,496,783
69,083
24,687
Additions
1,059
- 4,523
Disposals
-
-
-
At 31 August 2024
1,497,842
69,083
29,210
Depreciation
At 1 September 2023
195,053
45,420
22,624
Charge
29,955
6,908
2,096
Disposals
-
-
-
At 31 August 2024
225,008
52,328
24,720
Net Book Value
At 31 August 2024
1,272,834
16,755
4,490
At 31 August 2023
1,301,730
23,663
2,063
.
Creditors: amounts falling due within one year
2024
£
Bank loans & Overdrafts
25,358
Other creditors
-
25,358		 Land &
Furniture &
Equipment
Buildings
Fittings
1,496,783
69,083
24,687
1,059
- 4,523
-
-
-
1,497,842
69,083
29,210
195,053
45,420
22,624
29,955
6,908
2,096
-
-
-
225,008
52,328
24,720		 Total
1,590,553
5,582
-
1,596,135
263,097
38,959
-
302,056
1,294,079
1,327,456
2023
£
25,358
-
25,358

12. Creditors: amounts falling due within one year

Page | 14

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements for the year ended 31 August 2024

13. Creditors: amounts falling due after one year

Bank loans & Overdrafts 2024
£
474,118
474,118		 2023
£
510,171
510,171

The bank loans are secured on the church building.

14. Income and expenditure account (summary)

At 1 September 2023
Surplus after tax (if applicable) for the year
at 31st August 2024		 2024
£
113,942
11,474
125,416		 2023
£
90,129
23,813
113,942

15. Related party transactions

There were no transactions with related parties in the year, expect with regard to trustees’ remuneration, which is fully disclosed in Note 10 above.

Page | 15

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements

for the year ended 31 August 2024

16. Particulars of how particular funds are represented by assets and liabilities

At 31st August 2024
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
At 31st August 2023
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities		 Unrestricted
funds
£
4,490
149,956
-
-
154,446
Unrestricted
funds
£
2,063
85,494
-
-
87,557		 Designated
funds
£
-
29,802
-
-
29,802
Designated
funds
£
-
45,522
-
-
45,522		 Restricted
funds
£
1,289,589
51,039
(25,358)
(474,118)
841,152
Restricted
funds
£
1,325,393
91,001
(25,358)
(510,172)
880,864		 Total
funds
£
1,294,079
230,798
(25,358)
(474,118)
1,025,400
Total
funds
£
1,327,456
222,017
(25,358)
(510,172)
1,013,943

Page | 16

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements for the year ended 31 August 2024

17. Change in total funds over the year shown in Note 16, analysed by individual funds

Unrestricted and designated funds:
Unrestricted revenue fund
Designated revenue fund
Total unrestricted and designated
funds
Restricted funds:
Building Fund
Total Restricted Funds
Total Charity Funds		 Funds
b/fwd
from 2024
89,580
44,335
133,915		 Fund mvmt
in 2024
(see Note
18)
3,006
(3,350)
(344)		 Fund T/frs
in 2024
(see Note
19)
-
-
-		 Funds
C/fwd
to 2025
92,586
40,985
133,571
880,027
880,027
1,013,942		 11,801
11,801
11,457		 -
-
-		 891,828
891,828
1,025,399

18. Analysis of movements in funds over the year shown in Note 17

Unrestricted and designated funds:
Unrestricted revenue fund
Designated revenue fund
Restricted funds:
Building Fund		 Income
2024
225,595
29,225
79,254
334,074		 Expenditure
2024
(222,589)
(32,575)
(67,453)
(322,617)		 Other Gains/
Losses in
2024
-
-
-
-		 Mvmt in
funds
2024
3,006
(3,350)
11,801
11,801

Page | 17

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements for the year ended 31 August 2024

19. Details of transfers between funds in the year as shown in Note 17

The transfers shown in Note 17 above are:
Transfers to/ (from) Unrestricted funds to cover deficits on Restricted Funds or
when funds are lawfully reallocated
To/ (from) Designated Revenue Funds
To/ (from) Restricted Revenue Funds
Net Transfers		 2024
£
-
-
-
-

20. The purposes for which the funds as described in Note 17 are held by the charity

Unrestricted and Designated funds:

Unrestricted Revenue Funds – these funds are held to meet the objective3s of the charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restrictions in their use.

Designated Revenue Funds – these funds are held to meet the objectives of the Christians Against Poverty (CAP) program.

Restricted Revenue Funds – this fund represents the accumulated donations and appeals for the purchase and maintenance of the church building, which can only be spent for that purpose.

21. Ultimate Controlling Party

The charity is under the control of its legal members.

Every member of the charity has unlimited joint and several liability for the debts of the charity

Page | 18

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements for the year ended 31 August 2024

22. Donations and Legacies – this analysis is classified by conventional nominal descriptions and not by activity

Donations and gifts from individuals
Online transfer
Weekly offering
Stewardship
Gift Aid
CAP Donations
Paypal donations
Online Transfer (buildings account)
Weekly offering (buildings account)
Stewardship (buildings account)
Miscellaneous income
Bank Interest Received
Total donations and gifts from
individuals		 Unrestricted
Funds
£
111,663
37,062
40,501
36,366
-
-
-
-
-
-
-
225,592		 Designated
Funds
£
-
-
-
-
29,225
-
-
-
-
-
-
29,225		 Restricted
Funds
£
-
-
-
-
-
-
61,140
-
18,114
-
-
79,254		 Total
2024
£
111,663
37,062
40,501
36,366
29,225
-
61,140
-
18,114
-
-
334,071		 Prior
Year
£
100,753
24,931
37,771
30,473
42,888
-
69,830
-
16,150
350
-
323,146

23. Investment income

Bank Interest Receivable Unrestricted
Funds
2024
£
-
-		 Designated
Funds
2024
£
-
-		 Restricted
Funds
2024
£
-
-		 Total
2024
£
-
-		 Prior
Year
2023
£
-
-

Page | 19

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements for the year ended 31 August 2024

24. Expenditure on charitable activities – direct spending

Gross Wages & Salaries
Employers NI -Charitable activities
Defined pension contributions
Income Insurance
Staff expenses
Gifts and acknowledgements
Guest Speakers
Training costs and ABCI College
Support
Repairs & Maintenance
Public Liability Insurance
Utilities
ABCI membership and administration
Stationery
Computer costs
Telecoms and communications
Ministry
Church Outreach
Christians Against Poverty
Missionary
Hospitality/ general expenses		 Unrestricted
Funds
£
123,595
-
8,121
2,403
3,199
489
795
5,400
7,928
1,946
19,562
4,080
1,246
2,786
3,894
4,692
5,805
-
22,997
150
219,088		 Designated
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
32,511
-
-
32,511		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
£
123,595
-
8,121
2,403
3,199
489
795
5,400
7,928
1,946
19,562
4,080
1,246
2,786
3,894
4,692
5,805
32,511
22,997
150
251,599		 Prior
Year
112,506
-
7,274
-
2,746
983
415
5,017
10,733
1,751
14,567
3,457
580
2,282
2,566
5,228
4,441
37,910
22,040
380
234,876

Page | 20

Docusign Envelope ID: 87B82365-00F2-4A05-AF64-F72920E1CE27

Greenisland Baptist Church Notes to the financial statements for the year ended 31 August 2024

25. Support costs for charitable activities

Bank charges
Bank charges (Buildings account)
Governance Costs
Loan Interest
Depreciation & Amortisation
26.
Total charitable expenditure
Total direct spending
Total support costs		 Unrestricted
Funds
£
154
1
1,250
-
2,096
3,501
Unrestricted
Funds
£
219,088
3,501
222,589		 Restricted
Funds
£
64
-
-
-
-
64
Restricted
Funds
£
32,511
64
32,575		 Endowment
Funds
£
-
60
-
30,530
36,863
67,453
Endowment
Funds
£
-
67,453
67,453		 Total
£
218
61
1,250
30,530
38,959
71,018
Total
£
251,599
71,018
322,617		 Prior
Year
245
54
900
24,622
38,636
64,457
Prior
Year
234,876
64,457
299,333

Page | 21