CHARITY REGISTRATION NUMBER: 108336 THE CHURCH OF GOD AT BALLYMONEY UNAUDITED FINANCIAL STATEMENTS 30 SEPTEMBER 2024 THE CHURCH OF GOD AT BALLYMONEY FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 Page Independent examiner's report to the trustees statement of financial activities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 11 THE CHURCH OF GOD AT BALLYMONEY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHURCH OF GOD AT BALLYMONEY YEAR ENDED 30 SEPTEMBER 2024 I report to the trustees on my examination of the financial statements of The Church of God at Ballymoney ('the charity,) for the year ended 30 September 2024. Responslbilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northem Ireland) 2008 (the '2008 Act,). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination. report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examinatlon I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9}(b) of the 2008 Act. Independent examiner's Statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. I confirm that l am qualified to undertake the examination because l am a member of Chartered Accountants Ireland, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept as required by with section 63 of the 2008 Act., or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of the 2008 Act- or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Michael Flannigan FCA Independent Examiner FEB Chartered Accountants Linenhall Exchange 1 st Floor, 26 Linenhall Street Belfast Northem Ireland BT2 8BG THE CHURCH OF GOD AT BALLYMONEY STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 SEPTEMBER 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and endowments Donalions and legacies Investment income 319,958 14,212 319,958 14,212 399,904 8,224 Total income 334,170 334,170 408,128 Expenditure Expenditure on raising donations and legacies Expenditure on governance costs Total expondlture 185,575 20,126 185,575 20,126 205,701 266,489 12,954 205,701 279,443 Net income and net movement In funds 128,469 128,469 128,685 Reconclllation of funds Total funds brought forward Total funds carried forward 2,706,286 2,706,286 2,577,601 2,834,755 2,834,755 2,706,286 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 4 to 9 fomi part of these Ilnanclal statements. THE CHURCH OF GOD AT BALLYMONEY STATEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2024 2024 2023 Note Fixed assets Tangible fixed assets 2,037,550 1,781,444 Current assets Debtors Cash at bank and in hand 12 16,174 782,345 23,400 908,696 932,096 798,519 Creditors: amounts falling due wlthin one year Net current assets 13 1,314 7,254 797,205 924,842 2,706,286 Total assets less current liabilities 2,834,755 2,834,755 Net assets 2,706,286 Funds of the charity Unrestricted funds.. General funds 2,834,755 2,706,286 2,706,286 2,706,286 Total unrestricted funds 2,834,755 14 2,834,755 Total charlty funds These financial statements were approved by the board of trustees and authorised for issue on 4 February 2025, and are signed on behalf of the board by.. Pastor Jonathan Payne - Senior Minister Trustee Tho notes on pages 4 to 9 fomi part of these financial statements. THE CHURCH OF GOD AT BALLYMONEY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 General informatlon The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is 14 Garryduff Road, Ballymoney, BT53 7AF, Northern Ireland. statement of compliance These financial slatements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 1021 (Charilies SORP (FRS 102)) and the Charities Act (Northern Ireland> 2008. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestrlcted fvnds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes.. restricted income funds or endowment funds. THE CHURCH OF GOD AT BALLYMONEY NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 30 SEPTEMBER 2024 Accounting policies (contlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donaled goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classift'ed under headings of the statement of financial activities to which it relates.. expenditure on raising ftjnds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor pari of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned be￿een the activities they contribute to on a reasonable, justifiable and consistent basis. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. THE CHURCH OF GOD AT BALLYMONEY NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 30 SEPTEMBER 2024 Accounting pollcies fcontlnuedj Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Motor vehicles 200/0 Straight line 33. 30/0 Straight line Impairment of flxed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impalrment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Deflned contributlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related Se￿ICe, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. THE CHURCH OF GOD AT BALLYMONEY NOTES TO THE FINANCIAL STATEMENTS (contlnuedj YEAR ENDED 30 SEPTEMBER 2024 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Offerings Gifts & Fundraising Events Happy Days Childcare Centre.. Service Charge Other Income 254,000 23,379 254,000 23,379 342,066 20,488 342,066 20,488 42,000 579 42,000 579 36,750 600 38,750 600 319,958 319,958 399,904 399,904 Investment in¢om8 Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other interest receivable 14,212 14,212 8,224 8,224 Expendlture on raising donatlons and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Costs of raising donations and legacies - Donations 185,575 185,575 266,489 266,489 Expenditure on governance costs by fund typ8 Unrestricted Total Funds Unrestricted Total Funds Fund5 2024 Funds 2023 Support costs 20,126 20,126 12,954 12,954 Expenditure on charltable activitles by activity type Support Total funds costs 2024 Total fund 2023 Governance costs 20,126 20,126 12,954 Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 360 360 THE CHURCH OF GOD AT BALLYMONEY NOTES TO THE FINANCIAL STATEMENTS fcontlnued) YEAR ENDED 30 SEPTEMBER 2024 10. Trustee remuneration and expenses In their employment as Pastors of the Congregation, Pastor Jonathan Payne and Pastor Yvonne Payne received remuneration, pension contributions and expenses during the year. No-one received remuneration for services as a trustee. 11. Tangible fixed assets Childcare Centre Church Childcare Childcare Land Furnishings Furnishings Motor vehicles Car Park Buildings Equipment Equipment Total Cost At 1 Oct 2023 Additions 1,138,130 420,996 147,015 568,011 43,681 213,945 129,235 27,944 1,844,696 276,250 At 30 Sèp 2024 Dèpreciatlon At 1 Oct 2023 Charge for the year 1,138,130 43,681 343,180 27,944 2,120,946 35,308 27,944 63,252 20,144 55,452 20,144 At 30 Sep 2024 Carrying amount At 30 Sep 2024 At 30 Sep 2023 27,944 83,396 1,138,130 1,138,130 568,011 420,996 43,681 287,728 2,037,550 1,781,444 43,681 178,637 The Church's properties and contents are insured against loss by fire for the following amounts at 31 October 2024: Church and Hall- Buildings and Contents 7,414,533 Childcare Centre- Building and Contents 1,216,058 12. Debtors 2024 2023 Other debtors 16,174 23,400 13. Creditors.. amounts falling due within one year 2024 2023 Accruals and deferred income 1,314 7,254 THE CHURCH OF GOD AT BALLYMONEY NOTES TO THE FINANCIAL STATEMENTS (conllnued) YEAR ENDED 30 SEPTEMBER 2024 14. Analysis of charitable funds Unrestricted funds At1 Oct23 Income Expenditure At 30 Sep 24 General funds 2,706,286 2,706,286 334,170 {205,701) (205,701) 797,205 334,170 2,834,755 AtIOct22 Income Expenditure At 30 Sep 23 General funds 2,577,601 2,577,601 408,128 (279,443) {279,4431 2,706,286 408,128 2,706,286