NEWTOWNARDS BAPTIST CHURCH
Financial Statements for the year ended 31 December 2023
Registered Charity in Northern Ireland (NIC108455)
NEWTOWNARDS BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITY
Year ending 31 December 2023
| Receipts Note Donations and Legacies 2 Charitable activities 3 Other trading activities 4 Investment income 5 Other 6 Sale of investments Sale of fixed assets Loans received Total Receipts Payments Charitable activities 7 Investment costs Purchase of investments Purchase of fixed assets Loan repayments Total Payments Net receipts/(payments) Transfers between funds Net movement of funds Funds brought forward Funds carried forward |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 121,781 390 0 122,171 0 0 0 0 0 0 0 0 0 172 0 172 0 0 0 0 121,781 562 0 122,343 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 121,781 562 0 122,343 91,746 6,018 0 97,764 0 0 0 0 91,746 6,018 0 97,764 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 91,746 6,018 0 97,764 30,035 -5,456 0 24,578 -10,000 10,000 0 0 20,035 4,544 0 24,578 71,374 55,866 0 127,239 91,408 60,409 0 151,818 |
Total 2022 0 0 0 0 0 |
|---|---|---|
| 0 | ||
| 0 0 0 |
||
| 0 | ||
| 0 | ||
| 0 0 |
||
| 0 | ||
| 0 0 0 |
||
| 0 | ||
| 0 | ||
| 0 0 |
||
| 0 0 |
||
| 0 |
Registered Charity in Northern Ireland (NIC108455)
NEWTOWNARDS BAPTIST CHURCH STATEMENT OF ASSETS AND LIABILITIES As of 31 December 2023
| Funds Reconciliation Bank and Cash at start of year Net movement in funds Bank and Cash at end of year Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand Other Assets Fixed Assets - Note 8 > Church premises > Fixtures, Fittings, Equipment > Vehicles Investments - Note 9 Gift aid receivable on donations Liabilities Loans Other Total Funds |
Unrestricted Funds Restricted Funds Endowment Funds 71,374 55,866 0 20,035 4,544 0 |
Total 2023 127,239 24,578 151,818 60,409 91,408 0 151,818 0 0 0 0 0 0 0 0 0 0 151,818 |
Total 2022 |
|---|---|---|---|
| 91,408 60,409 0 |
127,239 | ||
| 55,866 71,374 0 |
|||
| 127,239 | |||
| 0 0 0 0 0 0 |
|||
| 0 | |||
| 0 0 |
|||
| 0 | |||
| 127,239 |
Approved by the Trustees at a meeting on 10 October 2024 and signed on it's behalf by: -
Paul Thompson Church Treasurer
Gerald Thompson Church Secretary
Registered Charity in Northern Ireland (NIC108455)
NEWTOWNARDS BAPTIST CHURCH STATEMENT OF ASSETS AND LIABILITIES
31 December 2023
1. 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 first place.
Resticted 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 activity 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.
2. DONATIONS AND LEGACIES
| 2. DONATIONS AND LEGACIES | |
|---|---|
| a) Recorded giving b) Loose offerings c) Donations and gifts d) Gift aid e) Legacies and bequests |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 |
| 68,600 390 0 68,990 33,230 0 0 33,230 6,754 0 0 6,754 13,198 0 0 13,198 0 0 0 0 |
|
| 121,781 390 0 122,171 |
3. CHARITABLE ACTIVITIES
| a) Income from charitable activities b) Fees from weddings and funerals c) Fundraising events d) Grants e) Organisations income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 |
|---|---|
| 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 0 0 0 0 |
4. OTHER TRADING ACTIVITIES
| a) Letting of premises b) Trading income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 |
|---|---|
| 0 0 0 0 0 0 0 |
|
| 0 0 0 0 |
Registered Charity in Northern Ireland (NIC108455)
5. INVESTMENT INCOME
| a) Deposit interest b) General Investment Fund c) Rents investment properties d) Other investment income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 |
|---|---|
| 0 172 0 172 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 0 172 0 172 |
6. OTHER INCOME
| a) Insurance claims b) Other income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 |
|---|---|
| 0 0 0 0 0 0 |
|
| 0 0 0 0 |
7. CHARITABLE ACTIVITIES
| 7. CHARITABLE ACTIVITIES | |
|---|---|
| a) Association of Baptist Churches b) Ministry and support staff costs c) Congregational running expenses d) Donations to Missions and charities e) Governance costs f) Organisation expenses |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 |
| 8,150 0 0 8,150 48,867 0 0 48,867 17,544 6,018 0 23,562 15,456 0 0 15,456 0 0 0 0 1,729 0 0 1,729 |
|
| 91,746 6,018 0 97,764 |
8. FIXED ASSETS
The congregation owns the church premises situated at 47 Frances Street, Newtownards and the associated fixtures, fittings, plant and machinery.
9. INVESTMENTS
| General Investment Fund Property Other investments |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 |
|---|---|
| 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 0 0 0 0 |
10. FUND BALANCES
| Fund Unrestricted Funds FWO/General Fund Restricted Funds Building Fund Total Endowment Funds Total |
Balance at start Receipts Payments Surplus / (Deficit) 71,374 121,781 91,746 30,035 55,866 562 6,018 -5,456 55,866 562 6,018 -5,456 0 0 0 0 127,239 122,343 97,764 24,578 |
Transfer Balance at end |
|---|---|---|
| -10,000 91,408 |
||
| 10,000 60,409 |
||
| 10,000 60,409 |
||
| 0 0 |
||
| 0 151,818 |
Registered Charity in Northern Ireland (NIC108455)