Richill Park Baptist Church
Financial Statements for the year ended 31 December 2024
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 2024
| Note Unrestricted Endowment Funds Funds £ £ Receipts Donations and legacies 2 48,510 0 Charitable activities 3 0 0 Other trading activities 4 0 0 Investment Income 5 0 0 Other 6 0 0 Total Receipts 48,510 0 Payments Raising funds 7 0 0 Charitable activities 8 50494 0 Total Payments 50494 0 Net receipts / (payments) -1,984 0 Transfers between funds 0 0 Net movement in funds -1,984 0 Funds brought forward 83,824 0 (Loss)/Gain in investments 0 0 Funds carried forward 12 81,840 0 |
Total Total 2024 2023 £ £ 48,510 43,537 0 0 0 0 0 0 0 0 48,510 43,537 0 0 50,494 57,292 50494 57292 -1,984 -13,755 0 0 -1,984 -13,755 83,824 97,579 0 0 81,840 83,824 |
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Richill Park Baptist Church STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024
| Note Unrestricted Funds £ Funds Reconciliation Bank and Cash at start of year 83,824 Net movement in funds -1,984 Bank and Cash at end of year 12 81,840 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 2024 £ 83,824 -1,984 81,840 37,552 44,288 0 81,840 0 81,840 0 0 2,500 2,500 -600 83,740 |
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 |
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Approved by the Trustees at a meeting on 15/ 05/ 2025 and signed on its behalf by
Oliver Roebuck Ronald Brolly Pastor Treasurer
Richill Park Baptist Church NOTES TO THE ACCOUNTS for the year ended 31 December 2024
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 2024
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 2024
| 2. DONATIONS AND LEGACIES Un Recorded giving 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 The congregation does not own any land and property 11. INVESTMENTS The congregation has the following investments. Amounts are show Total |
restricted Endowment Total Total Funds Funds 2024 2023 £ £ £ £ 39,405 39,405 31,082 0 0 0 9,105 9,105 12,455 48,510 0 48,510 43,537 restricted Endowment Total Total Funds Funds 2024 2023 £ £ £ £ 0 0 0 0 0 0 0 0 0 0 0 0 0 restricted Endowment Total Total Funds Funds 2024 2023 £ £ £ £ 0 0 0 0 0 0 0 0 0 0 restricted Endowment Total Total Funds Funds 2024 2023 £ £ £ £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 restricted Endowment Total Total Funds Funds 2024 2023 £ £ £ £ 0 0 0 0 0 0 0 0 0 0 restricted Endowment Total Total Funds Funds 2024 2023 £ £ £ £ 0 0 0 0 0 0 0 0 0 0 restricted Endowment Total Total Funds Funds 2024 2023 £ £ £ £ 36,564 36,564 42229 10,003 10,003 9783 2,700 2,700 3700 1,227 1,227 1580 50,494 0 50,494 57292 restricted Endowment Total Total Funds Funds 2024 2023 £ £ £ £ 0 0 0 0 Total Total 2024 2023 n at market valuation. £ £ NIL NIL 0 0 |
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Richill Park Baptist Church NOTES TO THE ACCOUNTS (continued) for the year ended 31 December 2024
12. FUND BALANCES
| Fund | Balance | Receipts | Payment | Surplus / | Transfer | Balance |
|---|---|---|---|---|---|---|
| at start | (Deficit) | Gain | at end | |||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| General Fund | 50,345 | 37,650 | -50,443 | -12,793 | 37,552 | |
| Gift Aid | 33,479 | 10,860 | -51 | 10,809 | 44,288 | |
| 83,824 | 48,510 | -50,494 | -1,984 | 0 | 81,840 |