Armagh Baptist Church
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| Armagh Baptist Church | 9 | |
|---|---|---|
| Statement of Financial Activities Incoming Resources: Voluntary income Sunday Collections Collections and Donations Gift Aid Tax Refund Legacies/Bequests Activities to Generate Funds Fundraising Events Investment and Other Income Interest Received Total Incoming Resources Resources Expended: Charitable Activities Charitable Donations Charitable Activity Administration Costs Church Costs Total Resources Expended Net Income for the year Gross Transfers between funds Net Income/(Expense) for the year Reconciliation of Funds Total funds brought forward Total Funds to Carry Forward |
for the year ended 31 December 2024 Unrestricted Restricted Total Funds Funds Funds 2024 2024 2024 £ £ £ Notes 129,582 - 129,582 2 22,911 39,183 62,094 25,456 - 25,456 - - - 3 - - - - 407 407 177,949 39,590 217,539 4 55,753 5,080 60,833 5 5,158 8,236 13,394 6 99,363 3,381 102,744 7 23,519 4,727 28,246 183,793 21,424 205,217 12 (5,844) 18,166 12,322 (1,370) 1,370 - (7,214) 19,536 12,322 2,009,285 308,320 2,317,605 2,002,071 327,856 2,329,927 |
Total Funds 2023 £ 117,770 47,646 29,284 - - 461 |
| 195,161 | ||
| 53,387 9,227 89,299 25,820 |
||
| 177,733 | ||
| 17,428 - |
||
| 17,428 2,300,177 |
||
| 2,317,605 |
Arniagh Baptist Church 10 Statement of Financial Position at the 31 December 2024 Employment of Capital Unrestrictsd Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Notes Fixed Assets Tangibk Assets 8 1,901704 124,392 2,027,096 2,025,892 Current Assets Cash in Bank Cash in Hand Other Debtors 99,367 203,464 301831 291,713 Current Liabilities Sundry CreditOF5 and Ac(xuals 10 Net Current Assets 99,367 203,464 302,831 291,713 Totsl Assets Less Current Liabilities 2,002,071 327,856 2,329,927 2,317,605 Funds Unrestrtcted Funds Restricted Funds 11 11 1002,071 327,856 2,329,92T 2,009,285 308,320 These finanriat statements were approved and auttwrisd ts issue by the Board on the 28 May 2025 and were signed by: Mr Alister Knipe Trustee Mr Alan Abrdharn Trustee
Armagh Baptist Church
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Notes to the accounts for the year ended 31 December 2024
1 Principal accounting policies
The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom and the Charities Act (Northern Ireland) 2008. A summary of the more important accounting policies, which have been applied consistently, is set out below.
Basis of accounting
The financial statements have been prepared under the Historical Cost Convention, as amended to record quoted investments at their market value, at the balance sheet date. The financial statements have been prepared in accordance with 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 (FRS 102) issued in July 2014, the Charities Act and UK Generally Accepted Accounting Practice.
Taxation
The charity is exempt from tax on its charitable activities.
Restricted Funds
Restricted funds are accounted for in accordance with the particular terms of trust arising from the express or implied wishes of the donors in so far as these are intended to be binding on the charity. Where such wishes are not intended to be binding, they are taken into account and recognised in appropriately designated funds.
Unrestricted Free Reserves
Free Reserves represent amount which are expendable at the discretion of the trustees in furtherance of the objectives of the charity and which have not been designated for any other purpose. Such funds may be held in order to finance working capital or capital expenditure.
Incoming Resources
Voluntary income or capital is included in the Statement 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 its ultimate receipt. Entitlement to legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accrual basis.
Resources Expended
All resources expended are accounted for on an accrual basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non –staff costs not attributed to one category of activity are allocated or apportioned pro-rata to the staffing of the relevant service. Finance, HR and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional and statutory requirements.
Tangible fixed assets
Fixtures and Fittings have been depreciated using a rate of 15% on a reducing balance basis.
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Armagh Baptist Church
2 Collections and Donations
| Collections and Donations | |||
|---|---|---|---|
| Unrestricted 2024 £ Education Authority Grant - General Donations 19,180 General Missions Collections 1,090 Baptist Mission Collection - Irish Baptist College Collection - Baptist Youth Collection - Baptist Women Collection - Churches Pastoral Support Scheme Collection - Retired Ministers Scheme Collection - Northern Region Ministries (Association) Collection - Ministry Partnership Scheme Donation 2,000 Sunday School (Baptist Youth Peru Project) - Operation Rescue Ethiopia - Debbie Simpson (Madagascar) - Missions Week 341 Crossmaglen Collection 300 Amazing Journey Collection - Follow the Star Collection - Armagh Foodbank Collection - Donations for Church Flowers - ABC Youth - Friendship Hour - Link Café - ABC Womans Donation - ABC Mens Donation - Building Blocks Donations - Building Fund Donations - 22,911 Fundraising Events Unrestricted 2024 £ Family Fun Night - - |
Restricted 2024 £ 3,381 - - 1,935 410 430 90 95 40 - - 200 - - - - - - 905 400 2,670 1,265 1,389 856 780 1,297 23,040 39,183 Restricted 2024 £ - - |
Total 2024 £ 3,381 19,180 1,090 1,935 410 430 90 95 40 - 2,000 200 - - 341 300 - - 905 400 2,670 1,265 1,389 856 780 1,297 23,040 62,094 Total 2024 £ - - |
Total 2023 £ 2,000 14,500 370 1,419 1,065 80 50 43 30 37 2,000 - 200 1,000 - 100 100 732 1,395 150 390 2,050 1,504 487 355 1,044 16,545 |
| 47,646 Total 2023 £ - |
|||
| - |
3 Fundraising Events
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Armagh Baptist Church
4 Charitable Donations
| Charitable Donations | |||
|---|---|---|---|
| Unrestricted 2024 £ Missions Budget 30,939 Baptist Missions - Baptist Youth - Baptist Women - Irish Baptist College 4,000 Churches Pastoral Support Scheme - Simon Flanagan (New Tribes Mission) 305 Jayne Dumbuya (UFM Sierra Leone) 255 Acre Gospel Mission - Sunday School Project - Good Book Company 254 Operation Rescue Ethiopia - Debbie Simpson (Madagascar) - SIM Nigeria - Amazing Journey - Furbo Baptist Building Project - Armagh Foodbank - Cost of Living Crisis 1,000 Turkey/Syria Earthquake - Newry Baptist Church - Welcome Churches Network - Retired Ministers Scheme - Northern Region Ministries (Association) - Reach Mentoring - The Christian Institute 2,000 Cavan Baptist Church 14,500 Gifts made to individuals 2,500 55,753 |
Restricted 2024 £ - 1,935 430 90 410 95 - - 203 200 - - - 100 - - 905 - - - - 40 - 540 - - 132 5,080 |
Total 2024 £ 30,939 1,935 430 90 4,410 95 305 255 203 200 254 - - 100 - - 905 1,000 - - - 40 - 540 2,000 14,500 2,632 60,833 |
Total 2023 £ 27,567 1,419 450 50 2,065 43 - - - - - 400 1,000 - 100 3,231 1,395 500 5,000 5,000 600 30 37 - - - 4,500 |
| 53,387 |
5 Charitable Activity
| Charitable Activity | |||
|---|---|---|---|
| Unrestricted 2024 £ Visiting Speakers 705 Sunday School Expenses/Materials 261 Youth Work Expenses 610 Sunday School and Youth Prizes 448 Church and Christmas Gifts 2,400 Building Blocks Expenses/Gifts - Home Group and Christmas Books 734 ABC Women's Expenses - ABC Men's Expenses - Link Café Expenses - Friendship Hour Expenses - 5,158 |
Restricted 2024 £ - - 2,530 - - 1,165 - 484 - 1,386 2,671 8,236 |
Total 2024 £ 705 261 3,140 448 2,400 1,165 734 484 - 1,386 2,671 13,394 |
Total 2023 £ 900 354 1,415 434 820 763 200 540 724 1,419 1,658 |
| 9,227 |
Armagh Baptist Church
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6 Administration Costs
| Administration Costs | ||||
|---|---|---|---|---|
| Salaries and Expenses Church Contribution to National Insurance NEST Pension Contributions Caretaker Remuneration Association of Baptist Churches in Ireland Subcriptions N.B.C Income Protection Scheme ABC 2013 PIP Fund CCL Licence for Hymns Printing and Photocopier Expenses Computer Expenses Independent Examiner - Charity Commission NI Alarm Monitoring and Maintenance Website General Expenses Depreciation |
Unrestricted 2024 £ 82,383 2,437 1,184 1,300 1,553 664 1,083 695 465 - - 787 1,320 4,392 1,100 99,363 |
Restricted 2024 £ 3,381 - - - - - - - - - - - - - - 3,381 |
Total 2024 £ 85,764 2,437 1,184 1,300 1,553 664 1,083 695 465 - - 787 1,320 4,392 1,100 102,744 |
Total 2023 £ 75,767 1,704 1,486 1,850 1,408 864 1,027 666 388 429 - 394 524 2,792 - |
| 89,299 |
7 Church Costs
| Church Costs | |||
|---|---|---|---|
| Unrestricted 2024 £ Property Insurance 4,800 Window Cleaning 270 Electricity 4,517 Heating Oil 4,508 Telephone 866 Ground Maintenance 3,500 Flowers for Church - Repairs and Renewals 3,709 Catering Costs 389 Communion Cups 960 23,519 |
Restricted 2024 £ - - - - - - 180 4,547 - - 4,727 |
Total 2024 £ 4,800 270 4,517 4,508 866 3,500 180 8,256 389 960 28,246 |
Total 2023 £ 4,300 240 4,963 4,623 794 2,540 150 6,810 - 1,400 |
| 25,820 |
Armagh Baptist Church
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8 Tangible Assets
| Cost At 1 January 2024 Additions Disposals At 31 December 2024 Depreciation At 1 January 2024 Charge Disposals At 31 December 2024 Net Book Value At 31 December 2024 At 31 December 2023 9 Sundry Debtors and Prepayments Loan 10 Sundry Creditors and Accruals Accruals |
Land and Buildings £ 2,020,858 - - 2,020,858 - - - - 2,020,858 2,020,858 |
Fixtures and Fittings £ 5,034 2,304 - 7,338 - 1,100 - 1,100 6,238 5,034 2024 £ - - 2024 £ - - |
Total £ 2,025,892 2,304 - |
|---|---|---|---|
| 2,028,196 | |||
| - 1,100 - |
|||
| 1,100 | |||
| 2,027,096 2,020,858 2023 £ - |
|||
| - 2023 £ - |
|||
| - |
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Armagh Baptist Church
11 Movement in Funds
| Movement in Funds | |||||
|---|---|---|---|---|---|
| Unrestricted Funds General Fund Assets General Fund Account Restricted Funds Building Fund Assets Building Fund Account Church Flower Account Building Blocks Account Youth Work Account ABC Men's Account ABC Women's Account Friendship Hour Account Link Café Account Total Funds |
At the 01/01/2024 £ 1,901,500 107,785 124,392 179,250 222 2,073 666 449 692 491 85 2,317,605 |
Movement In Funds £ - (5,844) - 18,900 219 132 40 240 37 (1,406) 3 12,322 |
Transfers in/(out) £ - - - - - - - - - - - - |
Transfers In Funds £ - (1,370) - - - - - - - 1,370 - - |
At the 31/12/2024 £ 1,901,500 100,571 124,392 198,150 441 2,205 706 689 729 455 88 |
| 2,329,927 |
12 Net Movement in Funds, included in the above as follows:
| Movement in Funds, included in the above as follows: | |||
|---|---|---|---|
| Unrestricted Funds General Fund Restricted Funds Restricted Funds Total Funds |
Incoming Resources £ 177,949 39,590 217,539 |
Resources Expended £ (183,793) (21,424) (205,217) |
Movement in Funds £ (5,844) 18,166 |
| 12,322 |
13 Trustee’s Remuneration and Benefits
There were no Trustee's remuneration, or other benefits made during the year ended 31 December 2024, apart from the salaries of the church pastors.
There were no Trustee’s reimbursed for approved expenses incurred in connection with the Charity during the year ended 31 December 2024.