Richill Park Baptist Church
Financial Statements for the year ended 31 December 2023
Registered Charity in Northern Ireland (NIC 109225)
Richill Park Baptist Church STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023
| Note | Unrestricted | **Restricted ** | Endowment | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Receipts | |||||
| Donations and legacies | 2 | 43,537 | 0 | 0 | 43,537 |
| Charitable activities | 3 | 0 | 0 | 0 | 0 |
| Other trading activities | 4 | 0 | 0 | 0 | 0 |
| Investment Income | 5 | 0 | 0 | 0 | 0 |
| Other | 6 | 0 | 0 | 0 | 0 |
| Total Receipts | 43,537 | 0 | 0 | 43,537 | |
| Payments | |||||
| Raising funds | 7 | 0 | 0 | 0 | 0 |
| Charitable activities | 8 | 57292 | 0 | 0 | 57,292 |
| Total Payments | 57292 | 0 | 0 | 57292 | |
| Net receipts / (payments) | -13,755 | 0 | 0 | -13,755 | |
| Transfers between funds | 0 | 0 | 0 | 0 | |
| Net movement in funds | -13,755 | 0 | 0 | -13,755 | |
| Funds brought forward | 97,579 | 0 | 0 | 97,579 | |
| (Loss)/Gain in investments | 0 | 0 | 0 | 0 | |
| Funds carried forward | 12 | 83,824 | 0 | 0 | 83,824 |
Richill Park Baptist Church
STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023
| Note Unrestricted Restricted Funds Funds £ £ Funds Reconciliation Bank and Cash at start of year 97,579 0 Net movement in funds -13,755 0 Bank and Cash at end of year 12 83,824 0 Bank & Cash Balances Gift Aid Accounts Bank Current Accounts Cash in Hand Total Bank and Cash Investments - Endowments Total Assets Other Assets Fixed Assets 10 Other Investments -Land 11 Gift Aid receivable on donations est Liabilities Loans Accruals and Sundry Creditors Total Assets |
Total Funds 2023 £ 97,579 -13,755 83,824 33,480 50,344 0 83,824 0 83,824 0 0 5,100 5,100 -720 88,204 |
|---|---|
Approved by the Committee at a meeting on 14/ 10/ 2024 and signed on its behalf by
Oliver Roebuck Roger Lawther Pastor Treasurer
Richill Park Baptist Church NOTES TO THE ACCOUNTS for the year ended 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 for the year ended 31 December 2023
unrestricted income funds depending upon the purpose for which the endowment was established in the first place.
Restricted 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.
Richill Park Baptist Church NOTES TO THE ACCOUNTS (continued) for the year ended 31 December 2023
| 2. DONATIONS AND LEGACIES Un Recorded giving Loose collections Donations and gifts Gift Aid Un Fundraising events Membership fees Grants 4. OTHER TRADING ACTIVITIES Un Letting of premises Trading income 5. INVESTMENT INCOME Un Deposit interest General Investment Fund Conacre Lettings Other investment income 6. OTHER INCOME Un Insurance claims Other income 7. RAISING FUNDS Un FWO envelopes Fundraising events 8.CHARITABLE ACTIVITIES Un Ministry and support staff costs Congregational running expenses Donations to Missions and charities Repairs and Maintenance inc Assets 9. OTHER EXPENDITURE Un Investment properties expenses 10. FIXED ASSETS |
re F 31 12 43 |
stricted Restricted Endowment Total unds Funds Funds 2023 £ £ £ £ ,082 0 31,082 0 0 0 0 0 0 ,455 0 12,455 ,537 0 0 43,537 stricted Restricted Endowment Total unds Funds Funds 2023 £ £ £ £ 0 0 0 0 0 0 0 0 0 0 0 0 0 stricted Restricted Endowment Total unds Funds Funds 2023 £ £ £ £ 0 0 0 0 0 0 0 0 0 0 stricted Restricted Endowment Total unds Funds Funds 2023 £ £ £ £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 stricted Restricted Endowment Total unds Funds Funds 2023 £ £ £ £ 0 0 0 0 0 0 0 0 0 0 stricted Restricted Endowment Total unds Funds Funds 2023 £ £ £ £ 0 0 0 0 0 0 0 0 0 0 stricted Restricted Endowment Total unds Funds Funds 2023 £ £ £ £ ,900 0 33,900 ,112 0 18,112 ,700 0 3,700 ,580 0 1,580 ,292 0 0 57,292 stricted Restricted Endowment Total unds Funds Funds 2023 £ £ £ £ 0 0 0 0 |
|---|---|---|
| re F re F re F re F re F re F 33 18 3 1 57 |
||
| re F |
The congregation does not own any land and property
| 11. INVESTMENTS | Total |
|---|---|
| 2023 | |
| The congregation has the following investments. Amounts are shown at market valuation. | £ |
| NIL | |
| Total | 0 |
Richill Park Baptist Church NOTES TO THE ACCOUNTS (continued) for the year ended 31 December 2023
12. FUND BALANCES per PCI
| Fund Unrestricted Funds General Fund Gift Aid Total |
Balance Receipts at start £ £ 16,494 31,082 81085 12,455 0 97,579 43,537 |
Payment Surplus / Transfer Balance (Deficit) Gain at end £ £ £ £ -57,231 -26,149 60,000 50,345 -61 12,394 -60,000 33,479 0 0 -57,292 -13,755 0 83,824 |
|---|---|---|