Armagh Baptist Church 

9 

|Armagh Baptist Church|9||
|---|---|---|
|Statement of Financial Activities<br>Incoming Resources:<br>Voluntary income<br>Sunday Collections<br>Collections and Donations<br>Gift Aid Tax Refund<br>Legacies/Bequests<br>Activities to Generate Funds<br>Fundraising Events<br>Investment and Other Income<br>Interest Received<br>Total Incoming Resources<br>Resources Expended:<br>Charitable Activities<br>Charitable Donations<br>Charitable Activity<br>Administration Costs<br>Church Costs<br>Total Resources Expended<br>Net Income for the year<br>Gross Transfers between funds<br>Net Income/(Expense) for the year<br>Reconciliation of Funds<br>Total funds brought forward<br>Total Funds to Carry Forward|for the year ended 31 December 2024<br>Unrestricted<br>Restricted<br>Total<br>Funds<br>Funds<br>Funds<br>2024<br>2024<br>2024<br>£<br>£<br>£<br>Notes<br>129,582<br>-<br>129,582<br>2<br>22,911<br>39,183<br>62,094<br>25,456<br>-<br>25,456<br>-<br>-<br>-<br>3<br>-<br>-<br>-<br>-<br>407<br>407<br>177,949<br>39,590<br>217,539<br>4<br>55,753<br>5,080<br>60,833<br>5<br>5,158<br>8,236<br>13,394<br>6<br>99,363<br>3,381<br>102,744<br>7<br>23,519<br>4,727<br>28,246<br>183,793<br>21,424<br>205,217<br>12<br>(5,844)<br>18,166<br>12,322<br>(1,370)<br>1,370<br>-<br>(7,214)<br>19,536<br>12,322<br>2,009,285<br>308,320<br>2,317,605<br>2,002,071<br>327,856<br>2,329,927|Total<br>Funds<br>2023<br>£<br>117,770<br>47,646<br>29,284<br>-<br>-<br>461|
|||195,161|
|||53,387<br>9,227<br>89,299<br>25,820|
|||177,733|
|||17,428<br>-|
|||17,428<br>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 

11 

## 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. 



12 

## Armagh Baptist Church 

## 2 Collections and Donations 

|Collections and Donations||||
|---|---|---|---|
|Unrestricted<br>2024<br>£<br>Education Authority Grant<br>-<br>General Donations<br>19,180<br>General Missions Collections<br>1,090<br>Baptist Mission Collection<br>-<br>Irish Baptist College Collection<br>-<br>Baptist Youth Collection<br>-<br>Baptist Women Collection<br>-<br>Churches Pastoral Support Scheme Collection<br>-<br>Retired Ministers Scheme Collection<br>-<br>Northern Region Ministries (Association) Collection<br>-<br>Ministry Partnership Scheme Donation<br>2,000<br>Sunday School (Baptist Youth Peru Project)<br>-<br>Operation Rescue Ethiopia<br>-<br>Debbie Simpson (Madagascar)<br>-<br>Missions Week<br>341<br>Crossmaglen Collection<br>300<br>Amazing Journey Collection<br>-<br>Follow the Star Collection<br>-<br>Armagh Foodbank Collection<br>-<br>Donations for Church Flowers<br>-<br>ABC Youth<br>-<br>Friendship Hour<br>-<br>Link Café<br>-<br>ABC Womans Donation<br>-<br>ABC Mens Donation<br>-<br>Building Blocks Donations<br>-<br>Building Fund Donations<br>-<br>22,911<br>Fundraising Events<br>Unrestricted<br>2024<br>£<br>Family Fun Night<br>-<br>-|Restricted<br>2024<br>£<br>3,381<br>-<br>-<br>1,935<br>410<br>430<br>90<br>95<br>40<br>-<br>-<br>200<br>-<br>-<br>-<br>-<br>-<br>-<br>905<br>400<br>2,670<br>1,265<br>1,389<br>856<br>780<br>1,297<br>23,040<br>39,183<br>Restricted<br>2024<br>£<br>-<br>-|Total<br>2024<br>£<br>3,381<br>19,180<br>1,090<br>1,935<br>410<br>430<br>90<br>95<br>40<br>-<br>2,000<br>200<br>-<br>-<br>341<br>300<br>-<br>-<br>905<br>400<br>2,670<br>1,265<br>1,389<br>856<br>780<br>1,297<br>23,040<br>62,094<br>Total<br>2024<br>£<br>-<br>-|Total<br>2023<br>£<br>2,000<br>14,500<br>370<br>1,419<br>1,065<br>80<br>50<br>43<br>30<br>37<br>2,000<br>-<br>200<br>1,000<br>-<br>100<br>100<br>732<br>1,395<br>150<br>390<br>2,050<br>1,504<br>487<br>355<br>1,044<br>16,545|
||||47,646<br>Total<br>2023<br>£<br>-|
||||-|



3 Fundraising Events 



13 

## Armagh Baptist Church 

## 4 Charitable Donations 

|Charitable Donations||||
|---|---|---|---|
|Unrestricted<br>2024<br>£<br>Missions Budget<br>30,939<br>Baptist Missions<br>-<br>Baptist Youth<br>-<br>Baptist Women<br>-<br>Irish Baptist College<br>4,000<br>Churches Pastoral Support Scheme<br>-<br>Simon Flanagan (New Tribes Mission)<br>305<br>Jayne Dumbuya (UFM Sierra Leone)<br>255<br>Acre Gospel Mission<br>-<br>Sunday School Project<br>-<br>Good Book Company<br>254<br>Operation Rescue Ethiopia<br>-<br>Debbie Simpson (Madagascar)<br>-<br>SIM Nigeria<br>-<br>Amazing Journey<br>-<br>Furbo Baptist Building Project<br>-<br>Armagh Foodbank<br>-<br>Cost of Living Crisis<br>1,000<br>Turkey/Syria Earthquake<br>-<br>Newry Baptist Church<br>-<br>Welcome Churches Network<br>-<br>Retired Ministers Scheme<br>-<br>Northern Region Ministries (Association)<br>-<br>Reach Mentoring<br>-<br>The Christian Institute<br>2,000<br>Cavan Baptist Church<br>14,500<br>Gifts made to individuals<br>2,500<br>55,753|Restricted<br>2024<br>£<br>-<br>1,935<br>430<br>90<br>410<br>95<br>-<br>-<br>203<br>200<br>-<br>-<br>-<br>100<br>-<br>-<br>905<br>-<br>-<br>-<br>-<br>40<br>-<br>540<br>-<br>-<br>132<br>5,080|Total<br>2024<br>£<br>30,939<br>1,935<br>430<br>90<br>4,410<br>95<br>305<br>255<br>203<br>200<br>254<br>-<br>-<br>100<br>-<br>-<br>905<br>1,000<br>-<br>-<br>-<br>40<br>-<br>540<br>2,000<br>14,500<br>2,632<br>60,833|Total<br>2023<br>£<br>27,567<br>1,419<br>450<br>50<br>2,065<br>43<br>-<br>-<br>-<br>-<br>-<br>400<br>1,000<br>-<br>100<br>3,231<br>1,395<br>500<br>5,000<br>5,000<br>600<br>30<br>37<br>-<br>-<br>-<br>4,500|
||||53,387|



## 5 Charitable Activity 

|Charitable Activity||||
|---|---|---|---|
|Unrestricted<br>2024<br>£<br>Visiting Speakers<br>705<br>Sunday School Expenses/Materials<br>261<br>Youth Work Expenses<br>610<br>Sunday School and Youth Prizes<br>448<br>Church and Christmas Gifts<br>2,400<br>Building Blocks Expenses/Gifts<br>-<br>Home Group and Christmas Books<br>734<br>ABC Women's Expenses<br>-<br>ABC Men's Expenses<br>-<br>Link Café Expenses<br>-<br>Friendship Hour Expenses<br>-<br>5,158|Restricted<br>2024<br>£<br>-<br>-<br>2,530<br>-<br>-<br>1,165<br>-<br>484<br>-<br>1,386<br>2,671<br>8,236|Total<br>2024<br>£<br>705<br>261<br>3,140<br>448<br>2,400<br>1,165<br>734<br>484<br>-<br>1,386<br>2,671<br>13,394|Total<br>2023<br>£<br>900<br>354<br>1,415<br>434<br>820<br>763<br>200<br>540<br>724<br>1,419<br>1,658|
||||9,227|





Armagh Baptist Church 

14 

## 6 Administration Costs 

|Administration Costs|||||
|---|---|---|---|---|
|Salaries and Expenses<br>Church Contribution to National Insurance<br>NEST Pension Contributions<br>Caretaker Remuneration<br>Association of Baptist Churches in Ireland Subcriptions<br>N.B.C Income Protection Scheme<br>ABC 2013 PIP Fund<br>CCL Licence for Hymns<br>Printing and Photocopier Expenses<br>Computer Expenses<br>Independent Examiner - Charity Commission NI<br>Alarm Monitoring and Maintenance<br>Website<br>General Expenses<br>Depreciation|Unrestricted<br>2024<br>£<br>82,383<br>2,437<br>1,184<br>1,300<br>1,553<br>664<br>1,083<br>695<br>465<br>-<br>-<br>787<br>1,320<br>4,392<br>1,100<br>99,363|Restricted<br>2024<br>£<br>3,381<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>3,381|Total<br>2024<br>£<br>85,764<br>2,437<br>1,184<br>1,300<br>1,553<br>664<br>1,083<br>695<br>465<br>-<br>-<br>787<br>1,320<br>4,392<br>1,100<br>102,744|Total<br>2023<br>£<br>75,767<br>1,704<br>1,486<br>1,850<br>1,408<br>864<br>1,027<br>666<br>388<br>429<br>-<br>394<br>524<br>2,792<br>-|
|||||89,299|



## 7 Church Costs 

|Church Costs||||
|---|---|---|---|
|Unrestricted<br>2024<br>£<br>Property Insurance<br>4,800<br>Window Cleaning<br>270<br>Electricity<br>4,517<br>Heating Oil<br>4,508<br>Telephone<br>866<br>Ground Maintenance<br>3,500<br>Flowers for Church<br>-<br>Repairs and Renewals<br>3,709<br>Catering Costs<br>389<br>Communion Cups<br>960<br>23,519|Restricted<br>2024<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>180<br>4,547<br>-<br>-<br>4,727|Total<br>2024<br>£<br>4,800<br>270<br>4,517<br>4,508<br>866<br>3,500<br>180<br>8,256<br>389<br>960<br>28,246|Total<br>2023<br>£<br>4,300<br>240<br>4,963<br>4,623<br>794<br>2,540<br>150<br>6,810<br>-<br>1,400|
||||25,820|





Armagh Baptist Church 

15 

## 8 Tangible Assets 

|Cost<br>At 1 January 2024<br>Additions<br>Disposals<br>At 31 December 2024<br>Depreciation<br>At 1 January 2024<br>Charge<br>Disposals<br>At 31 December 2024<br>Net Book Value<br>At 31 December 2024<br>At 31 December 2023<br>9<br>Sundry Debtors and Prepayments<br>Loan<br>10<br>Sundry Creditors and Accruals<br>Accruals|Land and<br>Buildings<br>£<br>2,020,858<br>-<br>-<br>2,020,858<br>-<br>-<br>-<br>-<br>2,020,858<br>2,020,858|Fixtures and<br>Fittings<br>£<br>5,034<br>2,304<br>-<br>7,338<br>-<br>1,100<br>-<br>1,100<br>6,238<br>5,034<br>2024<br>£<br>-<br>-<br>2024<br>£<br>-<br>-|Total<br>£<br>2,025,892<br>2,304<br>-|
|---|---|---|---|
||||2,028,196|
||||-<br>1,100<br>-|
||||1,100|
||||2,027,096<br>2,020,858<br>2023<br>£<br>-|
||||-<br>2023<br>£<br>-|
||||-|





16 

## Armagh Baptist Church 

## 11 Movement in Funds 

|Movement in Funds||||||
|---|---|---|---|---|---|
|Unrestricted Funds<br>General Fund Assets<br>General Fund Account<br>Restricted Funds<br>Building Fund Assets<br>Building Fund Account<br>Church Flower Account<br>Building Blocks Account<br>Youth Work Account<br>ABC Men's Account<br>ABC Women's Account<br>Friendship Hour Account<br>Link Café Account<br>Total Funds|At the<br>01/01/2024<br>£<br>1,901,500<br>107,785<br>124,392<br>179,250<br>222<br>2,073<br>666<br>449<br>692<br>491<br>85<br>2,317,605|Movement<br>In Funds<br>£<br>-<br>(5,844)<br>-<br>18,900<br>219<br>132<br>40<br>240<br>37<br>(1,406)<br>3<br>12,322|Transfers<br>in/(out)<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|Transfers<br>In Funds<br>£<br>-<br>(1,370)<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>1,370<br>-<br>-|At the<br>31/12/2024<br>£<br>1,901,500<br>100,571<br>124,392<br>198,150<br>441<br>2,205<br>706<br>689<br>729<br>455<br>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<br>General Fund<br>Restricted Funds<br>Restricted Funds<br>Total Funds|Incoming<br>Resources<br>£<br>177,949<br>39,590<br>217,539|Resources<br>Expended<br>£<br>(183,793)<br>(21,424)<br>(205,217)|Movement<br>in Funds<br>£<br>(5,844)<br>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.