CHARITY REGISTRATION NUMBER: NIC105176
Kilkeel Congregation Of The
Presbyterian Church In Ireland
Unaudited Financial Statements
31 December 2024
PURDY QUINN
Chartered Accountants
42 Greencastle Street
KILKEEL
Co Down
BT34 4BH

Kilkeel Congregation Of The Presbyterian Church In Ireland
Financlal Statements
Year ended 31 December 2024
Page
Trustees, annual report
Independent examiner's report tc the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements
10-26

Kilkeel Congregation Of The Presbyterian Church In Ireland
Trustees, Annual Report
Year ended 31 December 2024
The truste¢s present their report and the unaudited financial staternents of the charity for the year ended
31 December 2024.
Reference and admlnlstrative details
Registered charity name
Kilkeel Congregation Of The Presbyterian Church In Ireland
Charity registration number
NIC105176
Principal office
18 Newcastle Street
KiU(eel
Co Down
BT34 4AF
The trustees
Rev. Stephen Johnston
Mr John Peacock
DT David O
Mr Robert Adair
Mr George Mccullough
Mr Oswald Wallace
Mr Francis Newell
Mr James Graha
Mr Edmund Donaldson
Mr David Mcculla
Mr Wesley Hanna
Mr Samuel Bums
Mr Edward Graham
Mr Robert Graham
Mr David Parke
Mr Sydney A Hanna
Independent examiner
Purdy Quinn
42 Greencastle Street
KILKEEL
Co Down
BT34 4BH

Kilkeel Congregation Of The Presbyterian Church In Ireland
Trustees, Annual Report (Contlnued)
Year ended 31 December 2024
Stru¢ture* governance and management
The Kirk Session
The charity trnstees of the congr¢gation are the members of its Kirk Session. Under the congregation's governing
document, The Code, the book of the constitution and government of the Presbyterian Church in Ireland, th¢
Kirk Session seeks to watch over and promote the spiritual interest of the congregation and of persons not
connected with any congregation who are within its bounds. It ensure5 pastoral care is in place in the
congregation and seeks to fiuther the contribution of the Church to Christian witne55 and service in the local
community. The Kirk Session has delegated to its Congregational Committee the ternporal affairs of the
congregation including administering all funds and propety belonging to the congregation. Members of the Kirk
Session are ex-officio members of the Congregational Committee.
The Kirk Session consists of the ordained minister and the ruling elders of the congregations. All members ar¢
entitled to propose, speak and exercis¢ equal votes at meetings, except that the Moderator, the minister in active
duty in the congregation, has no deliberative but only a casting vote.
Stated meetings of the Kirk session are held at least two or three times each year.
To be chosen for the office of the eldership in the congregation a peTson must be a voting member and a regular
attendant oll its ordinances. The selection of those proposed to be called to th¢ office can be either by the
congregation or by the Kirk Session. Members are elected if they obtain two-thirds of those who vote.
Pr¢sbytery
Under the Presbyterian Church in Ireland forn] of governance the cory)orate oversight of a congregation is the
responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the
congregations assigned to it by the General Assembly of the Presbyterian Church in Ireland. Kilkeel
congregation of the Presbyterian ChuTch has been assigned to the Newry Presbytery of the Presbyterian Church
in Ireland. Th¢ membership of the Presbytery con51Sts tnainly of the active rninisters of ¢ongTegations assigned
to it by the General Assembly, minsters who have retired from active duty and an elder appointed by the Kirk
Session of the congregation.
The General Assembly
Th¢ General Assembly is the supreme court of the Church, representing in one body the whole Church and
acting as its supreme legislative, administration and judicial authority, in dealing with all matters bTought before
it. The General Assembly is nornially constituted during the fiTSt week in June for WOTship and to conduct its
business. At the end of busin¢ss It is dissolved. The membership of the General Assembly consists mainly of the
active rninisteTS of each congregation, retired minsters and a representative elder appointed by the Kirk SessTOTI
of each congregation.

Kilkeel Congregation Of The Presbyterian Church In Ireland
Trustees, Annual Report (rnntinued)
Year ended 31 Dec8mber 2024
Objectives and activities
Description and Purpose
The charitable purpose of the congregation is the advancement of religion.
Kilkeel congregation of the Presbyterian Church is a congregation of the Presbyterian Church in Ireland. The
Presbyterian Church in Ireland, as a R¢forn]ed Chur¢h within the wider body of Christ is grounded in the
Scriptures, and exists to love and honour God through fatth ill His Son and by the power of His Spirit, and to
enable her Tnembers to play their part in fvlfLlling God's tnission to our world.
A5 a congregation of the Presbyterian Church in Ireland. we believe that the Bible is the supreme authority over
all we do, and that the Westminster Confession of Faith, along with the Larger and Shorter Catechistns set out
what we understand the Bible teaches on key matters of Christian faith and practi¢e.
The congregational mission is the following...
This is why Kilkeel Presbyterian Church exists...
We exfist to...
Know and glorify God, and produce Chri5t-Ilke disciples Committed to witnessing and showing love to all
people everywhere.
Activities and ObjectiV¢S
The congregation meet5 for worship every Sunday and visitors are welcome to join. The Sacrament of the Lord's
SuppeT is observed on six occasions during the year and all those who have been baptised and who have made a
profession of faith in the Lord Jesus Christ are admitted to the Lord's Supper. The congregation holds regular
Bible study rneetings and has a wide range of Organisations including...
Sunday School
Youth Fellowship
- Girls Brigade & Boys Brigadt
- Presbyterian Wolnan (PW)
Youth Club
- Mothers and Toddlers
Life Builders Gym
- Bowling Club
Activities and ObJ￿tIveS
Worship and prayer
The congregation normally meets for worship each Sunday at I1.30am and 7.00pm. During the week the Bible
Study provides an opportunity for members to meet together for fellowship, to study the ScriptUTes and for a
time of PTayer.
At 31 December 2024 there were 189 communicant members and 296 families connected with the
congregations. Th¢ average weekly attendance at tnorning worship is 175.
Pastoral care
Members of the congregation who aT¢ unable to attend church due to sickness or age are visited on a Tegular
basis by the minister supported by eldeTS.

Kilkeel Congregation Of The Presbyterian Church In Ireland
Trustees. Annual Report (c¢)ntinued)
Year ended 31 Decgmber 2024
Objectlves and actlvities
Mlssion and outreach
The congregation seeks to reach into the local community with the Gospel. It is engaged in community outreach
across the whole community. The Church also takes an interest in work overseas and has a particular interest in
Christian work in Uganda.
The congregation supports the United Appeal for Mission which is a central fund of the Presbyterian Church in
Ireland. This fund enables congregations to support the wider mission of the denomination and to do mission and
outr¢a¢h on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund
provides financial support for rnis5ion P¢Tsonnel at home and overseas, assists congregations with the
deploytnent of locally based staff, enable5 Church planting, provides grant support for the upkeep of Church
pr¢mises, a5SlSt with the running Costs of Union Theological College, the Church's training college for ministy
students, and financially supports congregation in the areas of worship, discipleship, global mission, outreach,
leadership and pastoral care.
The congregation also contributes to the d¢rAominations Sunday School project and any oth¢r sp¢¢ial appeals.
Prcsbytery
The congregation was represented at the regular meetings of Presbytery by our minisfrr and one of the elders.
This provides an important link betw¢¢n the congregations and the wider structures of the chuTCh.
Gcneral Assembly
The minister and one of our elders were nominated to attend the meeting of the General Assembly of the
Presbyterian Church in Ireland held in Assembly Buildings, Belfast, in June.
Property
The property (main Church Building> Church Halls & the fvlanse) is diligently maintained by the Church
Cotnmittee.
During 2024 the congregation upgraded and tarniacked the Manse grounds. They also painted the exterior of the
Manse. An extension and significant maintenance were also carried out by the Life Builders Gym Fund.
Organisations
Sunday School meets on Sunday morning (excluding July, August and early Septembcr), Activities include
singing, Bible stories and quizzes.
Youth Fellowship meets on Sunday evenings for the youth. Activities include teaching and friendship.
Girls Brlgade & Boys Brigade are uniforn]ed organisations that meet through the week for fun, friendship and
the teaching of basic Christian principles.
Presbyierian Woman (PW) meet on the 2. Thursday of each month for Christian fell(N15hip and instruction on
basic Christian truths.
Mums and Toddlers meet on Tuesday mornings and both parents and children enjoy time for social interaction
and refreshments.
Bowling Club meet on Tuesday and Friday evenings for social interaction and friendship.
Life Bullders Gym is open each day, with the exception of Sunday.
Volunteerg
The Trustees wish to acknowledge their deep appreciation of those who give freely of their time by serving on
committees and helping with OTganisations and other Church activities.

Kilkeel Congregation Of The Presbyterian Church In Ireland
Trustees. Annual Report (wntinued)
Year ended 31 December 2024
Transitlon to SORP 2019 (FRS 102)
This is the first year that the charity has presented its financial statement5 under SORP 2019 and FRS 102. The
last financial statements, for the year ended 31 December 2023, were prepared on a historical cost, receipts and
payment basis. Given that during 2024 the Charity has bTeached the upper threshold permilling this basis of
preparation, the Charity, as required, has fully implemented SORP 2019 and FRS 102 for th¢ year end 31
DecembeT 2024. The transltion date to SORP 2019 and FRS 102 is l January 2023.
Adopting SORP 2019 and FRS 102 has m¢ant that several accounting policies have changed to comply with the
new standard. The previously reported figures for the year ended 31 December 2023 have therefore been
restated. A full reconciliation of movements in these figures is given at Note 25 to the accounts.
Financial review
The congregation's main sourc¢ of income is members, contributions through the Weekly Freewill Offering.
There were 2 12 (2023 - 207) contributOTS during the year.
Total Income of the congregation during the year was £274,662 (2023 - £253,440).
The expenditure for the year was £251,756 (2023 - £245,701).
The Charity reported all overall surplus for the year of £23,464 (2023 - £8.719).
The reserves of the Charity at 31 December 2024 totalled £1,389.773 (2023 - £1,366,309).
Reserves Policy
The tnistees consider it appropriate to hold £15,000 of liquid funds in the current acwunt of the General Fund.
The current account balance at 31 December 2024 was £17,621 (2023- £3,952). This balance improved
significantly from the depleted 2023 lev¢] and was considered appropriate by the Trustees.
Restricted Funds are held at levels consider appropriate given the purpose of the fund.
The trustees consider it appropriate to hold a minimum of £9,000 in the Propety Fund. The balan¢¢ at 31
December 2024 was £12,611 (2023 - £3,496}.
Coing Concern
The activities of the congregation are dependent on ongoing contributions from its members. The Trustees are of
the opinion that the congregation has sufficient resources at the date of approval of these fman¢ial statements to
meet COTnmitments which will arise in the year from the date of signing this report and subject to the continuing
support from members to fund on an ongoing basis the congregation's current activities and other financial
ommitments.
Public B¢￿erit Statement
The Presbyterian Church in Ireland meets the public benefit requirement by providing benefit to its members and
the general public by making known the Christian Gospel of the Lord Jesus Christ through the advanc¢ment of
religion.
The direct benefits which flow from the purposes of the Church include the gaining of an understanding in
Christian beliefs as set out in the Bible and in the Church's subordinate standards (the Westminster Confession of
Faith and the Shorter and Larger Catechisms) leading to spiritual and moral development and opportunities for
response to Bible teaching. In turn, this framework leads to practical expressions of Christian beliefs and
standards in the local community such as through the care of those in ne¢d (including the sick. disabled and
bereaved).

Kilkeel Congregation Of The Presbyterian Church In Ireland
Trustees, Annual Report (continued)
Year ended 31 December 2024
Public Benefit Statement {conlinued)
Generally the above benefits are deliv¢red locally by congregations and their members, or are facilitated through
presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resource5 in almost
all cases. Public access is made known through the use of noticeboards. printed material, PTess advertisement,
websites, and social media or in other ways.
The benefits are demonstrated through regular evaluation of the services and infornial and ad-hoc feedback from
mernbers, their families, and members of the public.
The purpose do¢s not lead to harn]. The only PTivate benefit flowing from our pury)ose is rtlated to Ministers,
Missionaries, Deaconesses, Irish Mission workers and Lay Agents who receive benefits as a result of their
holding office or employment. However, this is in¢idental and necessary in order to further our ¢baritable
purpose. There are no other private benefits. The beneficiaries of this purpose are members, their families, other
individuals that the Presbyterian Church in Ireland is in direct and indirect contact with, the community in which
pastoral services are provided and other communities throughout Northern Ireland, the Republic of Ireland, and
worldwide which benefit from our engagement with and support for both Christian and other secular
organisations, charities and individual members of the public.
The Kirk Session has had regard to the Charity Commissions public benefit requirement statutory guidanc¢.
Responsibilities In respect of the finaneial Statements
The trustees are responsible for preparing the trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in Northern Ireland requires the charity trustees to prepare financial statements
for each year which give a true and falr view of the state of affairs of the charity and of the incoming resouTces
and application of resources, of the ¢baTity for that period.
In prepaTing these financial statetnents, the trustees are required to:
select suitabl¢ accounting policies and then apply them conslstently.
observe the methods and principles in the applicable Charities SORP.
make judgments and accounting estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards have been followed, subject to any material departure5
disclosed and explained in th¢ financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
harity's transactions and disclose with reasonable accuracy at any time the ftnancial position of the charity and
enable them to ensure that the financial statements ¢omply with the Charities Act (Northern Ireland) 2008. They
are also responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the
Prevention and detection of fraud and other irregularities.
The trustees. annual report was approved on ...........
and signed on behalf of the board of trustees by..
Rev. St
Trustee
phen Johnston
Dr David O
Trustee

Kilkeel Congregation Of The Presbyterian Church In Ireland
Independent Examinerfs Report to the Trustees of Kllkeel Congregation Of The Presbyterian
Church In Ireland
Year ended 31 December 2024
I report to the trustees on rny examination of the financial statements of Kilkeel Congregation Of The Presbyterian
Church In Ireland Cthe charity,) for the year ended 31 December 2024 which are set out on pages 8 to 26.
Responsibilities and b2sis of report
As the trustees of the charity you are responsible for the preparation of the financial statement8 in accordance with the
requirements of the Charities Act (Northern Ireland) 2008 (the '2008 Ath,). You are satisfied that your charity is not
required by charity law to be audited and have chos¢n instead to have an independent examination.
It 15 my responsibility to..
examine the financial statements under section 65 of the Charities Act.
follow the procedures laid (lown in the general DirectiOT15 given by the Charity Commission for Northem
Ireland under 5e¢tion 65(9)(b) of the Act,. and
state whether particular matters have come to my attention.
Basis of indep¢ndent exxminer's report
I hav¢ examined your charity accounts as required under section 65 of the Charities Act and n)y examination was
carried out in accord&nce with the general Directions given by the Charity Comrnission for Northem Ireland under
section 65(9)(b) Of the Charities Act.
My examination included a review of the accounting record8 kept by the Gharity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and
seeking explanations frotn you as charity trustees concerning any such rnatters.
My role is to state whether any material matters have corne to my attention giving me cause to believe.,
l. that accounting records were not kept in accordance with section 63 of the Charities Act.
2, that the accounts do not accord with those accounting records.
3. thal the accounts do not C4)mply with the ac¢ounting r¢quirements of the Charities Act.
4. that there is further infomation needed for a proper understanding of the accounts to be reached.
l￿dependent exAmlner's stAtemeJJt
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirni
that l am qualified to undertake the examination beC￿se l am a registered member of Chartered Accountants Ireland.
which is one of the listed bodies.
J have wmpleted my examination and have no concerns in respect of the matters (l) to (4) listed above and. in
connection with following the Directions of the Charity ComTnission for Northern Ireland. I have found no matters that
require drawing lo your attention to enable & proper understanding of the accounts to be reached.
This report is made solely to the charity's Trustees, as a body. in accordance with section 65(3Xa) of the Charities Act
(Northern Ireland) 2008 and regulations made under section 66 of that Act. My work has been undertaken so that I
might slate to the charity's Trustees those matters l am required to stale to them in an Independent examiner'5 report
and for no other purpose. To the fullest extent permitted by law, I do not accept or assutne Tesponsibility to anyone
other than the charity and the charity's Trustees as a body, for my work or for this report.
Purdy Quinn
Chartered Accountants
42 Greencastle Street
Kilkeel
BT34 4BH
Date .
Una Cunninghtun FCA
Chartered Accountants Ircland

Kilkeel Congregation Of The Presbyterian Church In Ireland
Statement of Flnancial Activities
Year ended 31 December 2024
2024
Restricted
funds
2023
{as restated)
Total funds
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investtnent income
Other income
120,613
627
96,052
44,814
216,665
45,441
198,898
42,021
122
11,342
,057
292
587
11,291
275
11,583
862
Total income
122,230
152.432
274,662
253,440
Expenditure
Expenditure on charitable activities
Total expeDdSlure
9,10
l29,860
121,896
251.756
245,701
129,860
121,896
251,756
245,701
Nei gaills on investments
12
(558)
(558)
(980)
Net income
(7,072)
30,536
23,464
8,719
Transfers between flmds
14,665
(14,665)
Net movement in funds
7,593
15,871
23.464
8.719
Reconeiliation of fund5
Total funds brought foNTard
Total funds carrled fonvard
52,516
1,313,793
1.366,309
1,357,590
60,109
1,329,664
1.389,773
1,366,309
Th¢ statevnent of fmancial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Refer to note 25 for an explanation of the restatement.
The notes on pages 10 to 26 form part of these financial statements.

Kilkeel Congregation Of The Presbyterian Church In Ireland
statement of Financial Posltlon
31 December 2024
2024
2023
(as restated)
Note
Fixed a5s¢ts
Tangible f￿ed assets
Investments
17
18
1,081,285
202,366
1,063,323
201,808
1,283,651
1,265,131
Current assets
Debtors
Cash at bank and in hand
19
39,031
76,007
36,075
69,877
115.038
105,952
Creditors: amounts falling due witbin one year
Ne( current assets
20
8,916
106,122
101,178
Total assets less current liabilities
1.389,773
1,366,309
Net assets
1,389,773
1,366,309
Funds of the charity
Restricted funds
Unrestricted ￿llds
1,329,664
60,109
1,313,793
52,516
Total eharity funds
22
1,389,773
1.366.309
These financial statements were approved by the board of trust¢e5 and authorised for issue on .zy.Is 120 Z
and are signed on behalf of the board by..
Rev. Stepl
Trustee
n Johnston
Dr David Orr
Trustee
The notes on pages 10 to 26 form part of these financial statements.

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Financlal Statements
Year ended 31 December 2024
General information
The charity is a public benefit entity and a regÈstered charity in Northern Ireland and is unincorporated.
The ad(Iress of the principal office is 18 Newcastle Street, Kilkeel, Newry, BT34 4AF, Co Down.
Ststement of compliance
These financial 5tatement5 have been prepared in compliance with FRS 102, 'The Financial Reporting
Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice
applicable to charities preparing their accounts in a¢cordance with the Financial Reporting Standard
applicabl¢ in the UK alld Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act
(Northern Ireland) 2008.
Aeeounting policies
Basis Df preparation
The f￿ancIal statements hav¢ been prepared on the historical cost basis, as rnodified by the revaluation of
certain financial assets and liabilities and investment properties measured at fair value through incotne or
eXpendI￿re. The fll)ancial statements are prepared in sterling, which is the functional currency of the
entity.
Kilkeel Congregation of The Presbyterian Church in Ireland meets the defEnition of a public benefit entity
under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless
othenvise stated in the relevant accounting policy.
Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. For this reason, they
continue to adopt the going concern basis in preparing the fmancial statements. To ensure this. the charity
has a reserves policy to develop and maintain unrestrict¢d reserves equivalent to 12 tnonths incoming
resources without prejudicing the ongoing activities of the organisation.
Changes in formats
These financial staternents are the fiTSt financial statements of Kilkeel Congregation of The Presbyterian
Church in IT¢land prepared in ac¢ordance with Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland, (FRS 102) and the Charities SORP 2019 (SORP
2019). The financial statements of Kilkeel Congregation of The Presbyterian Church in Ireland for the year
ended 31 December 2023 were prepared on a receipts and payments basis.
FRS 102 recognition, measuremenL presentation and disclosure requir¢ments and arrounting policy
choices diff¢r fTOITL those previously used. Consequently, the T￿SteeS have updated certain accounting
policies to Comply with FRS 102 and SORJ) 2019,
Reconciliations to the previously stated comparative figures are included in note 25.
10

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Flnancial Statements (Continued)
Year ended 31 December 2024
Aeeounting policies (coiitinNed)
Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees ai¢ required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other SOUT¢es. The estimates and associated assumptions are based on historical experience and
other factors that are considered to be relevant. Actual Tesults may differ from these estimates.
The estimates and underlying assumptions ar¢ received on an ongoing basis. Revisions to accounting
estimates ar¢ Tecognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision aff¢¢ts both current and fitur¢
periods.
Fund accounting
Unrestricted funds are available for use at the discretion of the truste¢s to further any of the charity's
pU￿ose5.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
¢OTnmitment.
Restricted ￿ndS are Subjected to restrictions on their expenditure declared by the donor or through the
ternis of an appeal and fall into one of two sub-classes., restricted incorne funds or endowment funds.
Where the Trustees make a transfer of funds from general funds to a restricted fund. the charity reserves
the right to transfer the unrestricted element of that fund into general reserves at any time in the future.
Incoming resources
All income is recognis¢d once the charity has entitlem¢nt to th¢ income, it 15 probable that the income will
be received, and th¢ amount of incorne receivable can be measured reliably.
For legacies, entItle￿ent 15 taken as the earlier of the date on which either.. the charity is aware that probate
has been grantel the estate has been fmalised and notification has been made by th¢ exerutor(s) to the
Trust that a distribution will be made. OT when a distribution is r¢ceived from the estate. Receipt of a
legacy, in whole or in parL is only considered probable when the amount can be measured reliably. and the
charity has been notified of the executor's intention to make a distribution. Where legacies have been
notified to the charity, or the charity is aware of the granting of probate, and tbe criteria for income
recognition have not been met, then the legacy is treated as a contingent ass¢t and disclosed if material.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised
at the titne of the donation.
Incom¢ tax recoverable in relation to investment incorne is recognised at the time the inv¢siment incoTne is
receivable.

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Flnanclal Statements (conllnued)
Year ended 31 December 2024
Accountlng policies {eontiNNed)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT
which cannot be fully recovered, and is classified under headings of the statetnent of fmancial activities to
which it relates..
•exp¢nditure on raising funds includes the Costs of all fundraising activities, ev¢nts, non-charitable trading
activities, and the sale of donated goods.
•expenditure on charitable activities includes all costs incurred by a charity in undertaking activittes that
further its charitable aims for the benefit of its beneficiaries, including those sUPPOrt costs and costs
relating to the gov¢rnance of the charity apportioned to ¢haritable activities.
•other expenditure includes all expenditure that is neither related to raising funds for the Charity nor part of
its expendItt￿e on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable
to a single activity are allocated directly to that actlVlty- Shared costs are apportioned between the actLVlties
they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are stated at cost (or deemed cost) less a¢cumulated depreciation and accumulated
impairrnent losses. All assets costing more than £l.000 are capita]ised.
Cost includes the original purchase price. costs directly attributable to bringing the asset to its working
ondition for ils intended use, dismantling and restoration costs.
The Charity have utilised FRS 102 transitional rules for PTopety and have included all propety in use by
the charity at the date of transition to FRS 102 at deemed cost, being the fair value of the propertÈes at that
time.
Depreeiatlon
Depreciation is calculated so as to write off the cost or valuation of an ass¢L less its residual value, over the
useful ¢¢onotnic life of that asset as follows..
Life Builder equipment
Fixtur¢s and fittings
Motor vehicles
20Q/o Straight line
l OQ/p200/0 straight line
200/0 straight line
Church Propety - Given the nature of the properties and th¢ high level of on-going maintenance to which
they are subject, no depreciation is applied to Church Propety- The Tesidual value of Church Property Is
considered to be at least equal to the cost (d¢¢med cost) of the propety.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently Tneasured at fair value. If fair
value cannot be reliably measur¢d, assets are measured at cost less impainnent.
Listed investments are measured at fair value with changes in fair value being recognised in income or
expenditure.
12

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Financial Statements (continued)
Year ended 31 Decemb8r 2024
Accounting policles (conlEnved)
Investment property
Investrnent property is revalued to its fair value at each reporting date and any changes in fair value are
r¢cognised in profit or loss.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instrun]ents. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measui¢d at
atnortised cost using the effective interest Method.
Defined contribution plans
The charity operates a defined contribution pension scheme and the pension charge represents the amounts
payable by the Charity to the ￿nd in respect of the year.
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Free Will Offering
Gift Aid
Loose collections
Property donations
Belfast City Mission
Sundry small gifts
Outreach donations
Faith mission
General mission
Mid-week offering
PCI Childrens Society
United Appeal
Donations Philip Johnston
Poppy appeal
Other donations
98,265
17,743
3,585
98.265
32,975
3,585
2,750
526
30
652
157
36.778
490
50
6.222
13.271
754
2,741
15.232
2,750
526
30
652
157
36,278
500
490
50
6,222
13,271
754
2,741
Legacies
Legacies & bequests
10,000
10,000
Grants
Grants received
7,419
7,419
120.613
96.052
216,665
13

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Flnanclal Statements (continued)
Year ended 31 December 2024
Do￿atiOnS and legacles (continued)
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donation5
Fr¢e Will Offering
Gift Aid
Loose collections
Property donations
Belfast City Mission
Sundry small gifts
Outreach donations
Faith tni55ion
General ￿lssiOn
Mid-week offering
PCI Childrens Society
United Appeal
Donations Philip Johnston
Poppy appeal
OtheT donations
92.777
16,206
2,454
92,777
29,483
2,454
10,679
13,277
10,679
30
30
2,650
210
27,678
242
755
7,157
2,650
210
27,678
242
755
7,157
2,338
2,338
Legacies
Legacies & bequests
8,645
8,645
Grants
Grants received
13,800
13.800
11,709
87,189
198,898
14

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Flnancial Statements (contlnued)
Year ended 31 December 2024
Charitable activities
UnTestricted
Funds
Restricted Total Funds
Funds
2024
Church Magazines
Presbyterian Women
Boys Brigade
Girls Brigade
Youth Club
Anchor Boys
Sunday School
Mums & Toddlers
Life Builders
Bowling Fellowship
627
627
2,554
210
1,853
2,554
210
1.853
477
440
3,885
34,637
758
477
440
3,885
34,637
758
627
44,814
45,441
Unrestrict¢d
Funds
Restricted Total Funds
Funds
2023
Church Magazines
Presbyterian Women
Boys Brigade
Girls Brigade
Youth Club
Anchor Boys
Sunday School
Mums & Toddlers
Life Builder5
Bowling Fellowship
639
639
4,019
473
1,755
1,395
471
505
3.170
28,900
694
4,019
473
1.755
1.395
471
505
3,170
28,900
694
639
41,382
42,021
Other trading activlties
Unrestricted Total Funds
Fund5
2024
Unrestricted Total FLmds
Funds
2023
Rent of land
122
122
Investment incom¢
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Income from investment properties
Bank interest received
Other investtnent income- dividends
11,040
251
11,040
251
292
292
292
11,291
11,583
15

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Financlal Statements (¢ontlnued)
Year ended 31 December 2024
Investment income fcontinued)
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Income from investment propertie5
Bank interest received
OtheT tnvestment income- dividends
11.040
72
11,040
72
230
230
230
11,112
11.342
Other ineom¢
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Other income
Refund of expenditure
loo
175
100
762
587
587
275
862
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Other income
Refund of expenditure
330
725
1,055
330
727
1,057
Expenditure on charitabl¢ activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Advancement of Religion
Support costs
81,860
48.000
96,745
25.151
178,605
73,151
129,860
121.896
251,756
UnTestricted
Funds
Restricted Total Funds
Fund5
2023
Advancement of Religion
Support costs
94,316
33,347
82,152
35,886
176,468
69,233
127,663
118,038
245,701
16

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Financlal Statements (¢ontlnu•d)
Year ended 31 December 2024
10. Expenditure on eharitable activitles by activity type
Artivities
undertaken
directly Support costs
Total funds
2024
Total ￿nd
2023
Advancement of Religion
Governance costs
178,604
68,654
4,498
247,258
4,498
243.320
2.381
178,604
73,152
251,756
245,701
11. Analysls of Support costs
Analysis of
support COSts
Tot812024
Total 2023
Staff costs
Premises
General offJ¢e
Finance costs
Governance costs
Depreciation
Support costs - Other congregational costs
15,586
25,988
7,660
2,272
4,498
12,038
5,110
15,586
25,988
7.660
2.272
4.498
12.038
5,110
13,942
29,170
4,205
2,188
2,381
12,654
4,693
73,152
73,l52
69,233
12. Net gains on investments
UnTestricted Total Funds
Funds
2024
Unrestricted Total Funds
Fun(18
2023
Gainsl(1055es) on listed investments
558
558
980
980
13. Net income
Net income 15 Stated after Chargin￿{credIti￿g)'.
2024
2023
Depreciation of tangible fixed assets
12,038
12,654
14. Independent examination fee5
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial statements
Other assurance services
625
2,200
600
1,781
2.825
2,381
17

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Financial Statements (continued)
Year ended 31 December 2024
15. Staff ¢osts
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salarie5
Social security costs
Employer contributions to pension plans
57,021
5,433
9,944
68,044
5,184
9,957
72,398
83,185
The average head count of employees during the year was 4 (2023.. 5). The average number of full-time
equivalent employees during the year is analysed as follows..
2024
2023
Minister
Ministry support
Maintenance
Other
No employee received employe¢ benefits of more than £60.000 during the y¢aT (2023.. Nil).
16. Trustee remuneration and expenses
The Minister of tbe congregation, Rev Stephen Johnston, is also a trustee. Rev Johnston received
reTnuneration of £41,435 (2023 £39,462) and expenses (including car and dutie5 allowance) of £7,036
(2023 £6,701) in his capacity as the Minister of the congregation. Pension contributTon of £9,944 {2023
£9,471) were also paid to the Presbyterian Church in Ireland Pension Scheme (2009) in respect of Rev
Johnston.
During the year the Charity paid a further £1,320 (2023 £1,320) to Rev Stephen Johnston. This was a
contribution towards both the Manse running costs and Rev. Johnslon's mileage costs, incurred in carrying
out hi5 role as Minister of the congregation.
No other trustees received any remuneration and no other trustees claimed any expenses during the year in
connection with their duties.
18

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Financlal Statements (Continued)
Year ended 31 December 2024
17. Tangible fixed assets
Church Life Builders Fixtures and
Property Equipment
fittings
fvIotOT
vehicles
Total
Cost
At l January 2024
Additions
1,030,000
30,000
76,128
24.936
7,350
1,138,414
30.000
At 31 December 2024
1.060,000
76,128
24,936
7,350
1,168,414
Depreciation
At l January 2024
Charge for the year
At 31 December 2024
61,535
8,546
7,276
2,422
6,280
1,070
75,091
12,038
70,081
9,698
7,350
87,129
Carrying amount
At 31 December 2024
1,060,000
6,047
15,238
,081,285
At 31 Decetnber 2023
1.030.000
14,593
17,660
1.070
1.063,323
Church Propety includes all properties owned and occupied by the Charity in Advancement of
Christianity and includes the Kilkeel Presbyterian Church building, Graveyard, Carpark, Mission Hall,
Endia Hall. Boyd Hall and the Manse.
Church Propety was recognised in the financial statements using a fair value valuation as deemed cost on
transition to SORP 2019 (FRS 102).
The valuation was perfortned by independent external valuers, J F Sp¢¢rs & Son, as at 3 1st December
2022, on the basis of Fair Value. Fair Value being the amount for which an asset could be exchanged
between knowledgeable, willing parties on an ann's length basis in accordance with Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (FRS 102)
and the Charities SORP 2019 (SORP 2019).
Given the nature of the properties and the high level of on-going maintenance to which they are subjecL no
depreciation is applied to Church Property. The residual value of Church Property is consideTed to b¢ at
least equal to the deemed cost of the propety.
Due to the age and nalure of Church propety it was not possible to reliably state the historic cost of
Church property,
Other fixed assets are recorded a depreciated historical Cost.
19

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
18. Investments
tnvestment
properties
Other
investments
Total
Cost or valuation
At l January 2024
Additions
Fair value mov¢n]ents
190,000
11,808
201,808
558
558
At 31 Deeember 2024
190,000
12,366
202,366
Impairment
At l January 2024 and 31 December 2024
Carrying arnount
At 31 December 2024
190,000
12.366
202,366
At 31 December 2023
190,000
11,808
201.808
All investments shown above are held at valuation.
Investmellt properties
Investment propety at 18 Newcastle Street, Kilkeel has been included in the flnancial statements at fair
va]ue.
The valuation was perfornied by J F Speers & Son, an independent valuer) possessing relevant experience
in the ar¢a. The valuation was on the basis of Market Value, as at 31 st December 2022.
Market Valu¢ (fair value) is the amount for which an asset could be exchanged betwe¢n l(nowledgeable,
willing parties on an arni's length basis in accordanr¢ with Financial Reporting Standard 102 'Th¢
Financial Reporting Standard applicable in the UK and Republic of Ireland, (FRS 102) and the Charities
SORP 2019 (SORP 2019).
Th¢ Trustees consider the fair valu¢ of this propety at the year-end not to be materially different from the
professional valuation dated 31 st December 2022.
Financial assets held at fair value.
Other investments are recorded at th¢ir fair value at the balance sheet date. The value of the general
investment fund is deterniined by refer¢nce to the quoted price foT identical assets in an active maTket at
the balance sheet date.
19. Debtors
2024
2023
Prepayments and accrued income
Other debtors
6,057
32,974
6,593
29.482
39,031
36,075
20

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Flnan¢ial Statements (contlnued)
Year ended 31 December 2024
20. Creditors: alnounls falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other taxes
426
8,420
70
4.719
55
8,916
4.774
21. Pension contribulions
The arnount recognised in income or expenditure as an expense in relation to defjlled contribution plans
was £9,944 (2023: £9,957).
The charity operates a defined contribution pension scheme for its employees. The assets of the scheme
are held separately from those of the charity in an independently administered Fund. Th¢ pension cost
charge represents contributions payable by the charity to the fund and amounted to £nil (2023 £486). No
contributions(2023 - £nil) were payable to the fund at the balance sheet date.
The ministeT (and 2018 Associate Minisfrr) of the congregation is a member of the Presbyterian Church in
Ireland Pension Schen]e (2009). This is a schetne operated by the Presbyterian Church in Ireland, a
separate registered charity- The congregation pays an assessment to the Presbyterian Church in Ireland
equivalent to the employer's pension contributions for the Scheme and based on the stipend paid to the
minister.
The Presbyterian ChuTch in freland Pen5i0n 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 a ￿nding plan to ensure the Schetne is sufficiently funded to meet current and future
obligations. A fornial schedule of contributions was drawn whereby the Presbyterian ChuTch agreed to pay
ontributions of 240/0 of pensionable salaries to cover the accrual of benefits for ￿tllr¢ service, expev]ses,
the cost of insuring death in service benefits and funding the s¢hetne deficit.
During the year the charity made payrnents of £9.944 (2023 £9,471) to the fund. There were no
ontributions outstanding at the balance sheet date in the cu￿ent or prior year.
21

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Flnancial Statements (continued)
Year ended 31 December 2024
22. Analysis of charitable funds
Unrestricted fund5
Gains and
At
losses 31 Dec 2024
t l Jan 2024
Income Expenditure Transfers
General ftmds
Fixed Asset
33,786
18,730
122,230
(126,368)
(3,492)
(129.860)
14,665
558
44,871
15,238
52,516
122,230
14.665
558
60,109
Gains and
At
losses 31 Dec 2023
At l Jan 2023
Income Expendi￿re Transfers
General funds
Fixed Asset
37.825
7,938
113,030
(123,770)
(3,893)
(127,663)
5,721
14,685
980
33,786
18,730
45,763
113,030
20,406
980
52,516
Restricted funds
AtlJan
2024
Gains and At 31 Dec
losses
2024
Income Expendithre Transfers
Church Buildings
Investment Properties
United Appeal Fund
Uganda Project
Genera] Missions Fund
PCI Childrens Society
Faith Mission Fund
Propety Fund
Poppy Appeal
Mourne Stitnulus Fund
Open Doors Fund
Wakisa Girls School Fund
Special Mission Fund
Irish Mission (Karen &
Rhona) Fund
Janice Graharn Support
Irish Mission D Boyd
One Mission Society
Forsythes
Boys Brigade
Girls Brigade
Youth Club
Anchor Boys
Bowling Fellowship
Sunday School
Mums & Toddlers
Life BuildeTS
Presbyterian Women
1,030,000
190,000
997
2,354
17,129
30,000
1.060,000
190,000
1.092
2,279
21,258
7,314
150
40,612
645
(i 0.000)
2,781
(2,025)
,800
(24,956) (11,527)
(645)
10,786
47,034
754
561
2.080
(29,369) (9.745)
(754)
(561)
(2.080)
18,706
12.821
221
(6,000)
7,042
460
350
(4,960)
(1,750)
4.500
1.400
(1,200)
(2,572)
(2,997)
1,200
1,110
1,599
2,554
621
2,160
102
1,778
38,870
912
2,372
4,136
910
2,438
2,554
362
2,354
544
2.675
16,024
1,426
(300)
486
761
442
4,387
37,112
2,555
(745)
(447)
(120)
(3,490)
(29,958) (30,000)
(3,387)
1.346
1.3 13.793
152,432
(121,896) (14.665)
1,329.664
22

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Financial Statements (continuedj
Year 8nded 31 December 2024
22. Analysis of eharitabl¢ funds (continued)
Atljan
2023
Gains and At 31 Dec
losses
2023
Income Expenditure Transfers
Church Buildings
Envestment Properties
United Appeal Fund
Uganda Project
GeneTal Missions Fund
PCI Childrens Society
Faith Mission Fund
Propety Fund
Poppy Appeal
Mourne Stimulus Fund
Open Doors Fund
Wakisa Girls School Fund
Special Mission Fund
Irish Mission (Karen &
Rhona) Fund
Janice Graham Support
Irish Mission D Boyd
One Mission Society
Forsythes
Boys Brigade
Girls Brigade
Youth Club
Anchor Boys
Bowling Fellowship
Sunday School
Mum5 & Toddlers
Life Builders
Presbyterian Women
1,030,000
190,000
702
1,030,000
190,000
997
8,154
(i 0,000)
2,141
19.628
20,990
380
210
52,599
(13,030) (10,459)
(3 80)
(300)
90
(34.240) (20,181)
17,129
12,608
10,786
354
1.664
675
45
{374)
(1.767)
(2, l30}
20
103
1,000
2,809
12.776
2,354
12,821
loo
(5.075)
4,975
(2.400)
2,400
(1,200)
(3,606)
(3.761)
(1,586)
(563)
(252)
(250)
(3,878)
{29,787)
(3,459)
(450)
(118,038) (20,406)
1,200
443
2,400
2,745
710
1,837
96
2,765
31,507
801
4,273
3,555
1,395
474
695
506
3,171
37,150
4,020
I,iio
1,599
2,554
621
2,160
102
1,778
38,870
912
(595)
(120)
(250)
(280)
1,311,827
140,410
1.313,793
23

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Flnancial Statements (contInU￿)
Year anded 31 Decemb8r 2024
23. Analysis of net assets behveen funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible f￿ed assets
Investments
Current assets
Creditors less than l year
Net assets
15,238
12,366
41,421
(8,916)
1,066,047
190,000
73,617
1,081,285
202,366
115,038
(8,916)
1,389,773
60,109
1,329,664
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Current assets
Creditors less than l year
Net assets
18,730
11,808
26,752
(4,774)
52,516
1,044,593
190,000
79,200
1,063,323
201,808
105,952
(4,774)
1,366,309
1,313,793
24. Related partles
The Minister, Rev Stephen Johnston is considered to be key management personnel of the Charity. Totsl
remuneration paid to Rev Johnston by way of his employment with the Church is detailed in Note 16,
Rev Stephen Jolmston occupied residential church property at Newcastle Street, Kilk¢¢l (The Manse) in his
role as Minister of tbe Congregation. Rev. Johnston was not charged rent for use of this property.
During the year the charity reimbursed several trustees for charity expenses paid personally by them on
behalf of the Church. These repayments totalled as follows..
Trustee Rev Stephen Johnston - £413 (2023 - £nil)
TTUStee Mr D Orr- £nil (2023 - £1,326)
Trustee Mr O Wallace - £413 {2023 - £164)
During the year the charity paid £597 (2023 -£11.612) to a business a￿O¢lated with trnstee Mr O Wallace
and £684 (2023 - £1,485) to a business associated with I￿stee Mr D Mcculla. All these payments
represented commercial transactions in relation to goods & services provided to the Church.

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Flnancial Statements (continuod)
Year ended 31 December 2024
25. Transition to SORP 2019 (FRS 102)
Thi5 is the first year that the charity has presented its fll]ancial statements under SORP 2019 and FRS 102.
The last financial statements, for the year ended 31 December 2023, were propared on a historical cost,
receipts and payment basis.
Given that during 2024 the Charity has breached the upper threshold pennitting this basis of preparation,
the Charity, as required. has fully implemented SORP 2019 and FRS 102 for the year end 31 December
2024. The transition date to SORP 2019 and FRS 102 is therefore l January 2023.
Adopting SORP 2019 and FRS 102 has meant that several a¢rounting policies hav¢ changed to cornply
with the new stsndard The reconciliation is as follows.
Reconcillation of totsl funds
l January 2023 31 December 2023
Total funds under previous UK GAAP
Deficit for the year
General Investment
82,363
1,357,590
(12,487)
980
10,828
1.030,000
190,000
25,992
25,787
(7,3 80)
Church Property
Investtnent property
Church equipment & assets
Adjustment for year end debtors & prepayrnents
Adjustment for year end creditors & accrnals
Church equipment deprecTation
19,985
10,288
2,607
(l2,654)
Totsl funds report¢d under FRS 102
1,357,590
1,366,309
Reconeiliation of equlty
l January 2023
31 December 2023
As
previously
stat¢d
SORP 19
Effect of
FRS 102
transition (as restated)
SORP 19
Effect of
FRS 102
transition (as restated)
previously
stated
Fixed assets
Tangible fixed
assets
Investments
1,055,992
200,828
1,055,992
200,828
7,331
980
1,063,323
201,808
1.256,820
1,256,820
8.311
1,265,131
Current assets
Creditors.. <1 yr
82,363
25,787
(7,380)
108,150
{7,380)
69,876
10,288
2,607
105,952
(4,774)
Net current assets
82,363
1,275,227
1,357,590
69,876
21,206
1,366,309
25

Kilkeel Congregation Of The Presbyterian Church In Ireland
Notes to the Flnanclal Statements (continued)
Year ended 31 December 2024
25. Transition to SORP 2019 {FRS 102) contlnued
Reconciliation of equity (continued)
l January 2023
31 December 2023
SORP 19
Effect of
FRS 102 previously
transition (as restated)
stated
SORP 19
Effect of
FRS 102
tran51tion (as restated)
previously
stated
Total assets less
Cu￿ent liabilities
82,363
1.275,227
1,357,590
69,876
21,206
,366,309
Net asse15
82,363
1.275,227
1,357,590
69,876
21,206
1,366,309
Funds of the Charity
Restricted
Unrestricted
64,840
17,523
1,228,933
46,294
1,293,773
63,817
65,924
3,952
18,936
2,270
1,313,793
52,516
Capital and reserves
82,363
1,275,227
1,357,590
69,876
21,206
1,366,309
Reconclliation of net in¢ome
Year ended 31 December 2023
SORP 19
previously
stated
Effect of
transition
FRS 102
(as restated)
Income and endowments
Donations and legacies
Charitable activitTes
Other trading activities
Investment income
Other income
Proceeds sale of assets
189,757
42,021
122
11,342
407
650
9,141
198,898
42,021
122
11,342
1.057
650
{650)
Total income
244,299
9,141
253,440
Expenditure
Exp. on charitable activities
Purchase of fixed assets
Refurbishment of Charity buildings
211,773
17,502
27,511
33,928
(17.502)
(27.511)
245,701
Total expenditure
256,786
(11,085)
245,701
Net gains on investments
980
980
Net movement in (unds for year
(12,487)
21.206
8,719
26