Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
STATEMENT OF FINANCIAL ACTIVITY
for the year ended 31 December 2024
Notes Unrestrirted
Funds
Restrlcted Total Funds Total Funds
Funds
2024
2023
Income & Endowments from:
Donations & Legacies
Income from
Charitable activities
Other trading activities
Investment5
Other
Total Income
256,330
1,753
341,163
19,228
597,493
20,981
644,779
13,805
3,945
3,673
10,300
30,067
14,245
33,740
10,222
8,534
151
677,491
265,701
400,758
666,459
Expendlture on:
Raising Funds
Expenditure on
Charitable activitie5
Total Expenditure
220,658
122,864
343,522
391,249
221,100
122,864
343,964
391,497
Net gains/ [lossesl on
investments
Net Income / [ExpenditureJ
44,601
277,894
322,495
285,993
Transfers between funds
{61,502}
61,502
Net movement In funds
[16,901]
339.396
322,495
285,993
Reconciliation of funds:
Total funds brought forward
296,915
1,073,215
1,370,130
1,084,137
Total funds carrled forward
280.014
1.412,611 1 1.692.625
1.370.130
There may be minor discrepan¢les In the totals (not exceedlng £1) due to roundlnq
20IPage

an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterlan Church in Ireland
BALANCE SHEET
As of 31 December 2024
Notes
Unrestrlrted Restrlcted
Fund
Funds
Total Funds
2024
Total Funds
2023
Fixed Assets:
Tangible Assets
11
4,265
498,591
502,856
456,498
Total Foxed Assets
4,265
498,591
502,856
456,498
Current Assets
Debtors
Cash at Bank and in hand
12
13
18,780
264,508
16,112
930,328
34,893
1,194,836
42,733
901,371
Total Current Assets
283,288
946,440
1,229,728
944,103
Llabllltles
Creditors: Amounts falling
due, within one year
14
7,539
32,420
39,960
30,472
Net current assets or
Ilabllltles
275.749
914,020
1.189,769
913,631
Total assets less current
Ilabllitles
280,014 1.412,611
1,692,625
1,370.130
Creditors: amounts falling
due after more than one year
Provision for liabilities
15
Total net assets or Ilabllltles
280,014 1.412,611f 1.692.625
1.370.130
There may be mlnor discrepancles In the totals (not exceeding £1) due to rounding.

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
BALANCE SHEET
As of 31 December 2024
Note
Unrestrlcted
Funds
Restricted Total Funds
Funds
2024
Total Funds
2023
Funds of the charlty
Restricted Income funds
16
1,412,611
1,412,611
1,073,215
Designated funds
Unrestricted funds
16
16
10,000
270,014
10,000
270,014
296,915
Total charlty funds
280,014
1,412,611
1,692,625
1,370,130
Approved by the Kirk Session at a meeting on 14 April 2025 and signed on its behalf by
Q. i G--4
Graeme Kennedy
14 APRIL 2025
Gareth Irwin
14 APRIL 2025
221 Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
STATEMENT OF CASHFLOWS
Year ended 31 December 2024
2024
2023
Cash flows from operating activltles
Net income
322,495
285,993
Adjustments for..
Depreciation of tangible fixed assets
8,925
8,925
Changes in..
Trade and other debtors
Trade and other creditors
7,840
9,488
(10,730)
(12,1841
Cash generated from operations
348,748
272,004
Net cash used in operating activitles
348,748
272,004
Cash flows from Investln8 activltles
Purchases of tangible fixed assets
(55,283}
Net cash from investing activities
{55,2831
Cash flows from flnanclng actlvlties
Proceeds from/(repayment of) borrowings
Net cash from financing activities
Net increase/(decrease) In cash and cash equivalents
Cash and cash equlvalents at beginning of year
293,465
901,371
272,004
629,367
Cash and cash equivalents at end of year
1,194,836
901,371
231Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2024
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Ireland {FRS102)
{effective l January 2019).
The financial statements have been prepared under the historical cost convention except for
investment assets, which are shown at market value. The financial statements include all
transactions, assets and liabilities for which the congregation is responsible in law. They do not
include the accounts of church groups that owe their affiliation to another body, nor those that
are informal gatherings of church members.
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.
Restricted funds comprise (a) income from endowments which is to be expended only on the
restricted purposes intended by the donor and Ib) 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 that 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.
241Page

an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregatlon of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2024
ACCOUNTING POLICIES (convd)
INCOMING RESOURCES
(l) Recognltlon of Incoming resources
These are included in the Statement of Financial Activities (SOFA) when:
the congregation becomes entitled to the resources;
the trustees are virtually certain they will receive the resources," and
• the monetary value can be measured with sufficlent reliability.
{11) Incomlng resources wlth related expendlture
Where incoming resources have related expenditure las with fundraising income) the incoming
resources and related expenditure are reported gross in the SOFA.
(111) Grants and donatlons
Grants and donations are only included in the SOFA when the congregation has an
unconditional entitlement to the resources.
(Iv) Tax reclalms on donatlons and gifts
Incoming resource5 from tax reclaims are included in the SOFA at the same time as the gift to
which they relate.
(v) Contractual Income and performance-related grants
This is only included in the SOFA once the related goods or services have been delivered.
(vl) Glfts in klnd
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised. Gifts in kind for sale or distribution are included in the accounts as
gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are
included in the SOFA as incoming resource5 when receivable.
251Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2024
ACCOUNTING POUCIES Iconvd)
(vil) Donated servlces and faclllties
These are only included in incoming resources (with an equivalent amount in resources
expended) where the benefit to the charity is reasonably quantifiable, measurable and
material. The value placed on these resources is the estimated value to the charity of the
service or facility received.
(vili) Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the
trustees, annual report.
1Sx) Investment Income
This is included in the accounts when receivable.
Ix) Investment galns and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
(xl) Llabllity recognitlon
Liabilities are recognised as soon as there is a legal or constructive obligation committing the
congregation to pay out resources.
(xll) Governance costs
These are shown within charitable activities and include the costs of preparation and
examination of accounts, the costs of trustee meetings and the cost of any legal advice to
trustees on governance or constitutional matters.
(xiii) Grants With performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of seplice
or output to be provided, such grants are only recognised in the SOFA once the recipient of the
grant has provided the specified service or output.
261Page

Presbyter
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31 December 2024
ACCOUNTING POLICIES (convd)
Ixlv) Grants payable wlthout performance condltlons
These are only recognised in the accounts when a commitment has been made and there are no
conditions to be met relating to the grant which remain in the control of the charity.
(xv) Support costs
Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
(xvl) Tangible Foxed Assets
Tangible fixed assets for use by the charity are capitalised if they can be used for more than
one year, and cost at least £2,500. They are valued at cost or if gifted, at the value to the
charity on receipt.
Depreciation is recorded on all tangible fixed assets other than freehold land, at rates
calculated to write off the cost, less estimated residual value, of each asset over its expected
useful life as follows
Buildin85:
Fixtures, fittings and equipment
Motor Vehicles
Computers, software and technical equipment
over 50 years
over 10 years
over 4 year5
over 4 years
Where depreciation is calculated for a tangible fixed asset, the depreciation commences in the
first full year of ownership of the asset.
{xvll) Investments
Investments quoted on a recognised stock exchange are valued at market value at the year-end.
Other investment assets are included at the trustees, best estimate of market value.
271Page

Presbyter
an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (conVd}
31 December 2024
2. DONATIONS AND
LEGACIES
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Total Funds
2023
Recorded giving
Loose collections
Donations and gifts
Gift Aid
Legacies and
bequests
195,175
6,031
30 |
45,093
10,000
271,633
466,808
6,031
5,075
109,579
10,(K)O
509,954
7,289
9,681
115,856
2,000
5,045
64,485
256,330
341,163
S97,493
644,779
3. INCOME FROM
CHARITABLE AcfiviTIES
Unrestrlcted Restrlcted Total Funds
Funds
Funds
2024
Total Funds
2023
Income from charitable activities
Church Publications
Weddings
Grants
1,464
289
14,375
15,839
289
11,150
315
140
2,200
4,853
4,853
1.753
19,228
20.981
13,805
4. INCOME FROM
OTHER TRADING ACTIVITIES
Unrestrlcted Restrlcted Total Funds
Funds
Funds
2024
Total Funds
2023
Letting of premises
Income from Church Fundraising Events
Membership Fees
3,945
3,945 i
1,802
8,498
3,525
1,802
8,498
6,697
3.945
10,300
14.245
10.222
281Page

an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterlan Church in Ireland
NOTES TO THE ACCOUNTS (convd)
31 December 2024
5. INVESTMENTS
Unrestrlcted
Funds
Restrlcted
Funds
Total Funds
2024
Total Funds
2023
Deposit Interest
3,673
3,673
30,067
30,067
33,740
33,740
8,534
8.534
6. OTHER INCOME
Unrestrlcted
Fund
Restrlcted
Funds
Total Funds
2024
Total Funds
2024
Miscellaneous Income
151
151
7. RAISING FUNDS
Unrestricted
Funds
Restrlcted
Funds
Total Funds
2024
Total Funds
2023
Cost of Church Envelopes
Fundraising event5
224
218
442
224
218
442
248
248
8. EXPENDITURE ON
CHARITABLE ACTIVITIES
Unrestrlcted
Funds
Restricted
Funds
Total Funds
2024
Total Funds
2023
General A55embly Assessments
Presbytery Fees
Ministry & Support Staff costs
Congregational running expenses
Buildings - Professional Fees
Donations- Missions & Charities
Governance costs
Including the Audit Fee
34,838
1,178
120,158
60,057
34,838
1,178
123,973
107,615
33,175
1,086
133,144
119,806
23,088
78,190
2,760
3,815
47,558
71,492
71,492
4,426
4,426
220,658
122,865
343,522
391.249
Note 8. Alee of£3.000 Is payablefvr the audit of theflnanch71 statements, which is Included In the governance
costs.
There may be mlnor dlscrepancles In the totols (not exceeding £lJ due to mundlnq.
291Page

an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church In Ireland
NOTES TO THE ACCOUNTS (coned)
31 December 2024
EMPLOYEES
EMPLOYMENT COSTS
Total Funds
2024
Total Funds
2023
Wages and Salaries
Social Security Costs
Pension contributions
104,369
9,706
15,148
129.223
116,807
9,450
14,989
141.246
The average number of employees, including the minister of the congregation, during the year,
was
NUMBER OF EMPLOYEES
Total Total
2024 2023
Average number of employees
There was one employee in receipt of employee benefits {excluding pension contributions) in
excess of £60,CM)O.
30IPage

an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (convd)
31 December 2024
10.
PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension
Scheme {20091. This is a scheme operated by the Presbyterian Church in Ireland, a separately
registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland
equivalent to the employerfs pension contrlbutlon for the Scheme and based on the stipend
paid to the minister. The Presbyterian Church in Ireland Pension Scheme (2009) is a funded
Scheme of the defined benefit type, providing defined benefits based on career average
revalued salary. The Scheme has assets held in a separately administered fund managed by a
board of trustees. The Presbyterian Church and the Scheme Trustees have agreed on a funding
plan to ensure the Scheme is sufficiently funded to meet current and future obli8atlons. A
formal schedule of contributions was drawn up on 25 November 2015 whereby the
Presbyterian Church agreed to pay from 31 December 2015 contributions of 24% of
pensionable salaries to cover the accrual of benefits for future service, expenses, the cost of
insuring death in service benefits and funding the scheme deficit.
The contributions made by the congregation during the year were
Total Funds 2024
Total Funds 2023
Contributions
13,459
12,818
The congregation operates a defined contribution pension scheme for its employees. The
scheme and its assets are held by an independent scheme manager. The pension charge
represents the contributions due from the congregation during the year.
Total Funds 2024
Total Funds 2023
Contributlons
1,689
2,170
311Page

an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (conyd)
31 December 2024
11.
TANGIBLE FIXED ASSETS
Land & 8uild5ngs
Flxtures &
Fittings
Vehlcles
Total
Cost or valuation
At start of year
Additions
Disposals
At end of year
400,000
55,283
69,690
469,690
55,283
455,283
69,690
524,973
Depreclation
At start of year
Provision for year
Disposals
At end of year
13,192
8,925
13,192
8,925
22,117
22,117
Net Book Value
At start of year
At end of year
400,000
455,283
56,498
47,573
456,498
502,856
Where depreciation is calculated for a tangible fixed asset, the depreclation, as per Note Ilxvi>,
commences in the first full year of ownership of the asset.
Land and Buildings consist of two classes of assets. The first class is church property which is
used to carry out the activities of the church. This class is carried at cost and depreciated over
the estimated economic life of 50 years. However, given the age of the premises in question, it
is deemed to be fully written off and have nil carrying value at 31 December 2024 and 2023 on
a cost basis.
321Page

an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS {conVd)
31 December 2024
The second class is a residential property that is made available to employees of the church.
The property in question is the manse and it has been valued at £400,000, the value set by the
local rating authority. Given the nature of the properties and ongoing maintenance/repairs to
which they are subject, no depreciation is applied as the residual value is considered to be at
least equal to the carrying valuation.
12. DEBTORS
2024
2023
Gift Aid Recoverable
Prepayments & Accrued Income
21,683
13,210
34,893
32,604
10,128
42,733
13. CASH AT BANK AND IN HAND
(CA = Current Account. DP = Deposlt Account)
2024
2023
General Fund / Ulster Bank CA
General Fund / Danske Bank CA
General Fund / Progressive Building Society DP
Property Fund / Ulster Bank CA
Property Fund / Danske Bank CA
Property Fund / Danske Bank Investment DP
Property Fund / Danske Bank Fixed Term DP
Property Fund / Progressive Building Society DP
Mercy Fund / Danske Bank CA
Presbyterian Women / Danske Bank CA
Gir15 Brigade Company / Danske Bank CA
The Globe Café / Danske Bank CA
Boys Brigade Company / AIB Group DP
Kirkpatrick Tots/Ulster Bank CA
Friendship Club / Ulster Bank CA
5,049
22,190
237,000
573
6,359
8,804
121,065
145,000
13,963
19,287
76,635
500,000 1
530,000
379,000 1
4,766
262
1,772
7,175
1,401
1,885
1,259
3,191
716
990
901.371
5,062
618
1,228
1.194,836
331Page

an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterlan Church in Ireland
NOTES TO THE ACCOUNTS (convd)
31 December 2024
14. LIABILITIES- CREDITORS
Amount falling due wlthin one year
2024
2023
Agency Collections
Accounts Payable
39,960
39,960
30,472
30,472
15. LIABILITIES - CREDITORS
Amount fallin8 due after more than one year
2024
2023
Accounts Payable
341 Page

an
KIRKPATRICK MEMORIAL PRESBYfERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS {conVd) - 31 December 2024
16.
FUND BALANCES AND RECONCILIATION OF FUNDS
Fund
Balance at
start
Income Expenditure Transfers
Balance
at end
Unrestricted Funds
General
Property Fund- Designated
See note [11 below
296,915
255,701
10,000
221,100 [61,502]
270,014
10,000
296 915
265 701
221100
280 014
Restricted Funds
Property Fund
Mercy Fund
United Appeal Fund
See note [11] below
General Mission Fund
See note Illlj below
World Dev Appeal Fund
Moderators Appeal Fund
Mission Partner Fund
See note Ilvl below
Flower Fund
Ch Family Events Fund
See note [v] below
Gift The Lutton Family
Friendship Club
BB Company
GB Company
GB Xtra
The Globe Café
See note {vll below
Kirkpatrick Tots
Presbyterian Women
See note [vllJ below
Duke of Edinburgh Scheme
See note Iviii] below
1,053,415
7,281
354,069
1,531
6,320
14,037
3,965
16,546
500 1,393,947
4,847
10,226
1,026
1,526
1,734
1,234
5,063
5,063
450
46,700
46,250
19
12
10,904
31
1,134
12,281
2,504
3,201
1,027
3,191
1,565
709
1,798
9,041
1,430
560
3,911
1,561
7,170
1,395
1,074
25
1,265
5,062
1,600
514
[1,2341
1,259
716
1,533
837
1,158
935
1,826
618
365
[500]
5,849
4,850
1,507
2,506
1073 215
122 864
61502 1412 611
Total
1.370,130
666,459
343,964
1,692,625
There moy be minor discreponcles In the totols (not exceeding £1) due to rounding.

an
KIRKPATRICK MEMORIAL PRESBYTERIAN CHURCH
a Congregation of The Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS Iconvd)
31 December 2024
16.
FUND BALANCES AND RECONCILIATION OF FUNDS- cont'd
Notes on transfers between Funds
Unrestricted Funds
An unrestricted Bequest of £10,000 was credited to the Propertv-
Designated Fund in 2024 as agreed with the Trustees.
A transfer of £10,266 from General Funds to honour the East Belfast
Presbytery Target of Honour for this annual donation
The Globe Café fund closing balance was transferred to the General
Mission Fund; as agreed with the Trustees.
A transfer of £46,250 from General Funds to cover the majority of
the annual Mission Partner donations.
A transfer of £2,504 from General Funds to cover expenditure on
church family events and activities.
The Globe Café fund closing balance was transferred to the General
Mission Fund; as agreed with the Trustees.
The PW donated £500 to the Property Fund Building Project.
A transfer of £1,507 from General Funds to cover the cost of the
annual Licence fee for the Duke of Edinburgh Award Scheme.
United Appeal Fund
General Mission Fund
[Iv]
Mission Partner Fund
[v]
Church Family Events
The Globe Café
[vll]
[vlli]
Presbyterian Women
Duke of Edinburgh
Award Scheme
17.
RELATED PARTY TRANSAcfioN
One of the Trustees, Rev Graeme Kennedy, the minister of the congregation, received
remuneration of £56,077,84 and expenses of £7,036 for acting in that capacity. A pension
contribution of £13,458.75 was paid by the congregation in respect of the minister to the
Presbyterian Church in Ireland Pension Scheme12009} again for acting as Minister to the
congregation. None of the other trustees received any remuneration.
During the year the congregation contributed the following amounts to Funds of the General
Assembly of the Presbyterian Church in Ireland, a separate charity
£21,379.00 for Congregational Assessments
£16,546.00 for the United Appeal
£5,062.63
for the World Development Appeal
The congregation paid £1,178 as Presbytery Assessments during the year
There were no other related party transactions.
361 Page