## **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)