CHARITY REGISTRATION NUMBER: NIC105176 Kilkeel Congregation Of The Presbyterian Church In Ireland Unaudited Financial Statements 31 December 2025 PURDY QUINN Chartered Accountants 42 Greencasue Street KILKEEL Co Down BT34 4BH
Kilkeel Congregation Of The Presbyterian Church In Ireland Flnanclal Statements Year ended 31 Decernbor 2025 Page Trustees, annual report Independent examinels report to the tNslees Statement of flnanclal acllvities Statement of financial position Notes to the financial statements 10-23
Kilkeel Congregation Of The Presbyterian Church In Ireland Trustees. Annual Roport Year ended 31 December 2025 The truste£s pre5¢nt their report and the unaudited fwancial staiements of the ¢harity for the year ended 31 December 2025. Refere¢¢ and administrative detai]s Registered charity name Ki]keel Congregation Of The Prabyterian Church In tre12rtd Charlty registration llMber NJC105176 PrInelpAI offl¢¢ 18 Newcastle Street Kilkeel Co Down BT34 4AF The trllstees Rev. Stephen Johnston Mr John Peacock Dr David O Mr Robert Adair Mr George Mccullough Mr 08wald Wallace Mr Francis Newell Mr Jatlles Graham Mr Edmund Donaldson Mr David M¢Culla MT Wesley Hanna Mr Samuel Burns Mr Edward Grahatn Mr Robert Gth Mr Dayid Padie Mr Sydnty A Hanlla (Resigned 9 September 2025) Independent examlner Purdy lauinn Chdrtered Accountants 42 Gre<nGastle Street KILKEEL Co Dow BT34 4BH
Kilkeel Congregatlon Of The Presbyterian Church In Ireland Trustees. Annual Report (conTrU Y8ar ended 31 December 2025 structur< govern&nte and manttgement The Klrk Sesslffvn The charity trustees of the congregation are th¢ mell]bers of its Kirk Session. Underthe congregation's governing do¢umeDt. The Code, tILe book of the ¢¢)nstitution and government of the PtEsbyteTiall Chr¢ in Ireland, the Kil* Session seeks to watoh over and womote the spiritual Anteresi of the congregation and of petsons not conrtected any congregation who are within its bounds. It ensures pastoral care is in place in the ongr¢gation and seeks to fier the Contr1110n of the Church to Christian witness and ge1¢e in the k)cal ¢ommurtity. The Kirk Sessions has delegated to its CongTegational Committee the temporal affairs of the ¢ongr¢gation including administering all fimds and propety belonging to the congregation. Members of the Kirk Sesston are ex-officio member5 of the Congregational Cornmittee. The Kirk Se10n consists of tbe ordained minister and the ruling elder.9 of the Longregations. All TDetnbers are entitled to propose, speak and exercffise equ8] votes at meetings, except that the Moderdtui. the minister in active duty in the congregation. h&8 no deliberdtive but only a casting vote. Stated meetings of tbe Kirk sesgion ar¢ held at It Iwo or three times each year. To bc chosen for the 0]Ge of the eldEf5hip in the ¢ongregation a person must be a voting member and a regular attclldant on Ils ordinances. The seltiOn of those proposed to be lled to the office can be either by the congregation orby the KI Stsssion. Membe[5 arc elected if they obtsin two-thirds of thos¢ who vot¢. Presbytery Under the PTe5byterian Church in Ireland forni of governance the corporats oversight of a coll8regatiort 18 the responsibility of a Presbytery which superintends generally the spiritual and temporal affairs of the congregations assigned io it by the General Assembly of the Presbyterian Church in Ireland. Kilkeel congregation of the Presbyterian Church has been l8ed to the Newry Presbytery of the Prcsbyterian Church in Ireland. The membership of the Presbytery consists mainly of the active ministers of congregations assign¢d to it by the General Assembly, minsters who have reiired from 2¢1ive duty an elder appoitited by the Kirk Session of the congrEgation. The Genernl Assembly The General knembly i8 th¢ supr¢]n¢ ¢ourt of the Church, r¢pre6enting in one body the whtrle Church attd acting as its supreme legislative, athninistration and judi¢ial authority, in dealing with all matters brought before it. The Generdl Ass¥Enbly is nornially constituted during th¢ firsl week in June for worship and to conduct its business. At thc end vf busRIieb5 It is dissolved. Th¢ m¢mb¢r6hip of th¢ General Assembly consists mainly of the active minislers of eauh con¥reg41tiow retired minsters a wr¢sentative elder appointed by the Kith Session of vach congregauon.
Kilkeel Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report {COllllnued) Year ended 31 December 2025 DeseriptioD Purpose The charitable purpose of the congregation is the advancement of religion. Kilk¢el congregation of th¢ Presbyterian Chuwh is A congregation of the Presbyterian Church in Ireland. The Presbyterian Church in Ireland, as a R¢fomcd c.hurch within the wider body of ChTiSt is grounded in the Scripres, and exists to love and honour God through faith in His Son aud by the power of His SpiriL and to enable her members to play their part in lfIlling God's mission to our wodd. As a congregation of the Pr¢8bgrian Church in Ireland, we be]ieve that the Bible is the supreme authority over all we do, and that the Westrnit]ster Cothfe55ion of Traith, along with the Larger and Shoner Catechisms set out what we understand the Bible t&whes on key tnatteTS of Christian faith and practtce. The congregational mission ]% the folIowing... This is why Kilkeel Presbyterian Church exists... We exlst to... Know and glorify God, and Produce Christ-llke dlsciples committed to Ivitnessing shoiving love to all people everywhere. Activities and Objeetlves The congregation meets for worship every Sunday and visitors are welcornc to join. Thc Sacrament of the Lords Supper is observed on six occasions durAng the year and all those who have bc¢n baptised and who h2ve mad¢ a profession of faith in the Lord Jesus Chrisi are admitted to the Lord's Supw. The congregation hold$ regular Bible study meetings and has a wide rdnge of organisations in¢luding..- - Sunday School - Youth Fellowship - Cjirl's Brigade & BO Brigade - Presbyterian Womcn {P - Mothers and Toddlcrs - Lif¢ Builders Gym - B(Iwling Club Obleetives and attivities Worship and prayer The congregation nornially rneets for worghip eaeh Sunday at I1.30am and 7.00pm. During the weck thc Bible Study provides an opportunity for member8 to meet together for fellowship, to study the Scriptures and for a time of prnyer. At 31 December 2025 there were 196 communicallt m¢mb¢rs and 295 families comi¢¢t¢d with the congregations. The averdge weekly atltrnddllce itt worship is 180. Pastordl care Member$ of the Congregation who aTe unable to attend church due to sickness OT age are visited on a regular basis by the minister supported by elder8.
Kilkeel Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (conthu•dJ Year endod 31 December 2025 Objectlves and actlvltles MissioD outreach Thc congregaiioD seeks io ach into the local community with the Gospel. It is engaged in communlty outreach acro&s the whole cominunity. The Church also takes an interest in work oveTseas 2nd has a partievlar Anierest in Christian work in Uganda. Th¢ congregation Suppo the United Appeal for Missic)n which is a central fund of the PresbcrJall Church in Ireland. This fund enables nggatIonS to support the wider mission of the denomination and to do mi10 and outreach on a denominational basis beyond what the congregation could do on its own. The United Appeal Fund provides financial support for mission persoTJnel at home and overseas, assistb. LUngaLlons with the deployment of l(¢ally based gtxff, enables church planting, provides grant bUPPOrt for upkeep of church prernises. assisi with the tunning costs of Union The411ogical College, the Church's trainiDS collcge lor ministry stydents. and fmancially supEM)rts congregation in the areas of worship, dis¢iple5hip, 8lobal mission, outreacl leaderthip and pastoral care. The congregation also contiibutes to the denominations Sund#y S¢hool project and ony other special appeal8. Presbytery The congregation was represented at the regular meetin8s of Presbyt¢ry by our minister and one of th¢ ¢ld¢rs. Thi$ provides an important link between the congrtgations and the wider slwclures of the ¢hurch. General Assembly The minist¢r and on¢ of elders were nomit)ated to attend the meeting of the General Assembly of the Psbyten8D Church in Ireland held in Assembly Bulldings, Belfast, in June. Property The property (main Church Buildiog. Church Halls & the Mans¢} is diligently maintained by the Chuw Commitie¢. Organisadon$ Sunday s¢h1- meets on Sunday morning (excluding July? August and early Septcmber) Youtb Fellowshlp- meets on Sunday evenings for the youth. Activities include teaching and friendship. Glrl'5 Brigade & Boys Brlgade are uDifomJed organisations that meei through the week for fun. friendship and th¢ teaching of basic Chyistian principles. Pre5byterlall Women (PW) meet on the 2nd ThuTsday of ¢ach month for Chrisiian fellowship and instrnction on basic Christian trnths. Mumj And Toddler8 meet on Tuesday orning5 and both parents and children enjoy time for social int¢Ja¢tion and refreshments. Bowling Clllb llL¢¢t on Tuesday & Friday evenings for social inteTrction and frien(tship. Lffife Builder$ Gym is open each day, with the exception of Sunday. VUnteerS The Tmstees wish to acknowledge their dccp appreciation of those who giye freely of their time by serying on ommittees and helping with organisations and other church activities.
Kilkeel Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report {conlinu8dJ Year endod 31 December 2025 Fthanelal revlew The congregaiion's main source of income is members, contributions through th¢ Weekly Freewill Offcring. There were 215 (2024 - 212) contributorg during the year. Totsl lllcome of the congregation dutyng th¢ was £268,717 {2024- £274,662). The expenditUTe for thc year Wd8 £230,196 (2024- £251,756). The Charity wrted an overall SUluS for the year of £37,989 (2024- £23.464). The reserve8 of the Charity at 31 December 2025 totslled £1,427,762 {2024- £1,389,773). Reserves Poilcy The trnstees consider it appropriate to hold £15.0(K) of liquid fimd8 in the current account within the General Fund5. The ¢urren¢ account baloJ]ce at 31 December 2025 was £22,011 (2024 - £17.621). Tknis balan¢¢ improved $lightly from the 2024 level at]d was considered appropriate by the Trustees. Restricted Funds are held at levels consider appropriate given the purpose of the fund. The truste¢s consider il appropriate to hold a minimum of £9.000 in the Property Fund. Th¢ baian¢¢ at 31 December 2025 was £19,381 {2024- £12.611). Going Concern The aetivities of the congrcgation are dyndent on ongoin8 GontributiOll5 from it5 member5. The Trustee5 are of the opinion that the congrcgalion has.8ufficicni resources at the date of approval of thesc financial statements to meet commitments which will arise in thc ycar from the date of stgning this rq)ort and 5ubjeGt to the Continuing support from tt)ember$ tt> fund on an ongoing b&818 the congregation's cutretlt activities and other financial commithients. Publle Beneflt Stat¢men¢ The Presbyteriati Church in Ireland meet8 th¢ publi¢ b¢n¢fJt requirement by providing benefit to its members and the generdl pubiic by makillg known tlLe Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direct benefits which flow from thc PUTpose5 of the Church includ¢ the gaining of an understanding in Christian bcliefs as sei out in the Bible and ID the Church's suiK)rdinate standards {th¢ Westminster Confession of Faith and thc Shorter and l.arger Cate¢hisn]5) leading to spiritual and mordl dev¢lopment and opportunities for response to Bible leaching. In turn, this fralnework lead5 to practical expressions of Christian beliefs alld $tandards' in the local community such as through the care of those in need {including the sick, disabled and bereaved). Generdlly the above benefits are delivered locally by congregatiot)s and their mejnbers, or are facilitated through presbyteries or ar¢ organis¢d and d¢liv¢red centrolly. Local delivery is facilitated by centd resources it) almost all cabes. Public awess 1$ mad¢ l(nown through the use of noriceboards* printed matstiaj? press advertisement, websites. and bocial edia or in other ways. The benefits are demonstrated through regular evaluation of th¢ s¢r¥ices and informal atxl ad-hoc feedback from members, their families, and members of the public.
Kilkeel Congregation Of The Presbyterian Church In Ireland Trustees. Annual Report (¢onts"nuodJ Year ended 31 Dac8mbw 2025 Public Benefit Statsmenl (eon¢iKue The purpose does nut Irad kn harm. The only private benefit flowing from our purpose is related to Ministers, Missionaries, D¢aroDe&5es. Irish Mission workers and Lay Agents who receive benefits as a result of their holding office or employmenL Howcver. thi5 is illcidentsl and n¢¢¢ssary in Ord to hrther our charitsbl¢ purpose. There are no other private bcncfits. The beneficiaries of this pu08¢ are member6, their families, other individuals that the PTesbyterian ChLwch in Ireland is in direct and indirect Contact with, the Community in which p&storal servi¢es are provided and other communities throughout Northern Ireland. the Republic of Ireland, and worldwide which benefit from our engageTnent with and support for both Lhristian and other s¢¢ular organisations, charities and individual me]nbu5 of the public. Th¢ Kirk Session has had ttgard to the Charity Commissions public benefit requirement slatutory guidance. Respottlibilities in respect of tbe flnan£lal statements The tNstees are responsible for preparinE the tru5tees' rq)ort and the finallcial ststements in accordance with appli¢able law United Kingdom Accounting StaDdard5 {United Kingdom GerallY Awepted A¢collllting Pra¢tice). The law applicable to charities in Nofthern Ireland r4uires the charity truste£s to Prepare finat)cial statements for ea¢h year which give a trne and fair view of the state of atrairs of the charity and of the incoming resources and application of re50UTces, of the charity for that period. In pT6paring these f]nancial slatetDents, the tnte¢S are required to: $elKt suitable accounting policies and then apply them consistently- observe the metho(ts and principles in the appli¢ablt Charities SORP. ]nake judgments and a¢counling estimates that are reasonable and prtent. state whcthcr applicable UK A¢¢ounting Standards have been follow¢d, $ubj¢ct to any material departur¢s digclosed and cxplained in the financial statements- prepare the financial ststements on the going conc6rn basis unless it is inappropriate to preslune that tht charity will continue in business. The trStee5 are responsible for keeping adequate accounting records that are suffEci£nt to show and explain the charity's transactions and disclose with reasonable accuracy at any tiffte the financial position of the charity and enable them to ensure that the financial statements comply WAth the Charitieg Act INorthern Irelartd) 2008. They are also responsible for safeguarding the assets of the c]hariry and h¢n¢¢ for taking rwonabl¢ s¢¢ps for th¢ pmention aTLd detcction of fraud and other i¢gUianti¢s. The trnsiees, annual report was approved on .. . and signed oll behalf of the board of tru¢t$ by.. Rev. tephen Ji)Imston Trustee Dr David Orr Trnste¢
Kilkeel Congregation Of The Presbyterian Church In Ireland Indèpendent Examinerfs Report to the Trustees of Kilko81 Congregatlon Of The Presbyterian Church In Ireland Year ended 31 December 2025 I rq)ort lo the tnjstees on my examination of the financial statements of Kilkeel Congregation Of The Pr¢sbyterian Church In Ireland I'th¢ ¢haritW) for th¢ year ended 31 Dmber 2025 which are sel out on pages 8 to 23. RespoDslbiiitie5 and b#sis of report As the trustee5 of th¢ charity you ar¢ won$ible for the preparation of the financial stalemenls in accordance with the requirernents of the Charities Aci (Northern Ireland) 2008 (the .2008 Act,). You are satisfied that your charity is not Tquired by charity law to be audited and have thosen instead to hav¢ gn independent examination. It 15 my responsibility to.. ¢xamin¢ th¢ financiol statements under section 65 of the Charities Act- follow th¢ pro¢¢dure8 laid down in thc gencral Directions given by tbe Charily ConJmission for Northern Ireland under section 65(9)(b) of the Act,. state whether particular matters have come to my attention. Ba515 of iDdepeDd¢nt ¢xamSD¢r's report I have examined your charity awounts a5 reqLTired under section 65 of the Charities Act and my aMinatIOn was Caled out in a¢¢ordance with the general Directions 8iven by the Charity Cornmission for Northem Ireland under s¢¢iion 65(9)(l>) of th¢ Ch3Titics Act. My &Kamination included 3 rcview of the accounting records kept by the charity and a ¢omwison of the aoUnt9 presented with those re¢ords. li also includes consideration of any unusual items or disclosures in the accounts. and seeking ¢xplan*ions from you as ¢harity trust collccming any such matter My role is to stale whether any material matters have come to my attention giving me to b¢liev¢: l. that accounting re£ords were not kept in ac¢ordance with section 63 of the Charities Act" 2. that the accounts do not a¢cord with those a¢¢ounting record 3. that the accounts do not comply with the accoun(Ing r¢quir¢Jn¢Dts of the Charities Act.. 4. that there is further inforniation needed for a proper und¢rstanding of th¢ accounts to bc reached. JDdependettt examiner'5 StAternent 8Tnce your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confim that I atj) qualified to undertake the examinaiion b¢¢aus¢ J am a regisiettsl ¢ber of Chartered Accountant5 ITvland. which is one of thr listed bLeS. J hav¢ ¢ompl¢td my ¢xatnination and have no concern5 in respect of the matters (l) to (4) lisied above and, in conneclion with following the Direction$ of the Charity Commi58ion for North¢m Jreland, I hav¢ found no matters thot require drawing to your attention to enablc a proper understanding of the accounts to be reache(L Thi8 report is made solely to the ¢harily's TTUS¢t&, as a bodyj in accordance with section 65{3Xa) of the Charities Act {Northem Ireland) 2008 and regulativns mda¢ under se¢¢ion 66 of that Aci. My work has be¢n uThdertakeTh so that I ight 51ale to the charity's Trustees those matters I am required 10 stat¢ to them in an Independeni examiner's rqrt and for no other purpose. To the fullcst exlent ptmitted hy law, I do not accept or assume responsibility to anyone oth¢r than thc charity and the chaTity's TSteeS as a body, for my work or for this report. Purdy Qulnn Chartered Accountants 42 GreenG8511¢ StE¢t Kilk1 BT34 4BH Una Cunningham FCA CbarEered AountantS Ir¢laTLd
Kilkeel Congregation Of The Presbyterian Church In Ireland statemént of Finan¢ial Activities Year ondod 31 Dec8mber 2025 2025 Restricled funds 2024 UTtr¢stricted funds Total funds Total funds llleome and emdolvments l)oDatsons and ]egLeS Charitable activiiies Other trading activities Jnvestment income Other income 137,598 340 121 12,301 103 73,388 44.380 210,986 44,720 216,665 45,441 271 215 12,572 318 11,583 862 Total incotne 150.463 118,254 268.717 274,662 Expendlture Expenditurt on charitable activitLes Total expenditure 9,10 123.825 106,371 230,196 251,756 123,825 106,371 230,196 251,756 Net (losses)/gains on inv¢stm¢nts 12 532 532 (558) r4el Income 26,106 11,883 37,989 23,464 Transfers between funds {22,200) 22.200 Net movemertt in funds 3.906 34.083 37.989 23,464 Reeoncillatlon of fund$ Tothl funds brought fonv8rd Totsl funds carried forward 60,109 64,015 1,329,664 1,389,773 1,366,309 1,363,747 1,427.762 1,389.773 The staiement of fJn2n¢ial activities includes all gains and lo&ses ttcogDxsed in the year. All income and expenditure derive from continuillg activities. The notes on pages 10 to 23 fomi part of thes• fSnanclal sL2temonts.
Kilkeel Congregation Of The Presbyterian Church In Ireland Statement of Flnancial Position 31 Decembor 2025 2025 2024 Nole Fixed asset$ Tallgiblc fjxed aSts Inv¢stments 17 18 1,076,M2 201,834 ,081,285 202.366 1,278,176 ,283,651 Current assets D¢btors Cash at bat]k and in hand 19 36,553 119,913 39,031 76,007 156,466 115,038 Creditors: amounts fallillg due iThithin on¢ ye4r Net tllrrent assets 20 6,880 8.916 149,586 106,122 1.389,773 Tota] assets less ¢urrent liabllitles 1,427,762 1,427,762 Net assets 1,389.773 Fund$ of the charity Restri¢l¢d funds Unrestrieted funds 1,363.747 64.015 1.329.664 60,109 Total charfty funds 22 1.427.762 1,389.773 These flnancial statements were approved by the board of truste£s and authorised for iue on ... and are signed on behalf of the board by.. 616[ZL) S+L r.aa Rev. S Trustee hen JohJ]5ton Dr David Orr Trnstee The notes on pages 10 to 23 form part of those flnancial statements.
Kilkeel Congregation Of The Presbyterian Church In Ireland Notes to the Flnancial sLamants Year ended 31 December 2025 Gtneral Information The ch4rity is a public benefit entity and a registered charity in Northern Ireland and is unincojpornted. Th¢ address of the principal office is 18 Newe2Stle Street. Kilkeel, Newry, BT34 4AF. Co Down. Stateent of Compllince These financial statemenis have been prepared in compliance with FRS 102, 'The Financial RertitY Standard applicable in th# UK and the Republi¢ of Ir¢land', the Statement of Recommended Practice applicable to charitics preparing their accoullts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of [land (FRS ID2) (Charities SORP (FRS 102)) and the Charities Act INorthern Ireland) 2008. Aceountkng poll¢ie$ B851$ of preparation The financial statements have been prepared on the hi$tori¢#l cost basis, as modified by the revaluation of certain fJnancia] assets and liabilities and investment properties m¢a$ured at fair valve through in¢ome or expenditurc. The fjnancial statements are prepared in sterling, whi¢h is the fvnction&l CuencY of the entity. Kiikeel Congregation of The Presbwerian Church ID JEElaT meets the defLDition of a public benefit ¢nlity under FRS 102. Asaet% and liabilitics are initially recosnised at hislori¢al ¢ost or transaction value uDI¢s8 otherwise stated in the relevant accounting policy. Going concern After making appropriate enquiries, the Trnstees have a reasonable expectation that the charity has adequate resources to Continue in operational existence for the foteseetlble future. For thi5 reason, continue to adopt the going concern basis in preparing the flnancial stdtem¢Dts. To ewure this. the charity has a reseryes policy to develop and maintain unrestricted reserves equivalent to 12 rnollths incomills resouwe5 without prejudicing the ongoing 8¢tlVLties of the organisation. Judgements and key sources of estimatlon uneertaittty In the application of the ¢lwity's accvLmtill¥ policies, th¢ trust¢¢s are required to make judgements, estimates and assumptions about the ¢arryin8 a]nouJit of ass¢ts and liabilities that are not readily apparent from other sources. The estin)ates and associated asbwmptions are bosed on historical experience and other factors tIMt are ci>nsidered to bc relevanL Actual tllIts may diff¢r frorn th¢s¢ ¢stimat¢$. The estimates and underlying assumptions are received on an oDgoing l)asis. Revisions to accounting estimates are recognised in the period in which the estimate is mised where the revision affects only that period, or in the period of the revision and futyre periods where the revision affects IK)th current and futlt periods. 10
Kilkeel Congregation Of The Presbyterian Church In Ireland Notes to the Financlal Statements {¢onllnu4dJ Year ended 31 December 2025 A¢¢ountAng ptsli¢ie$ (e•ntinNed) 4ccoulltlng Unrestricted funds are available for use at the discretion of the tru$te¢s to further atty of the ¢harity'$ purwses. D¢signot¢d fvnds are unTestricted ndS eamiarkEd by the trustees for particujar Illre project or ¢ommilment. Restricted funds are Subjected to restri¢iions on their expenditure declared by the donor or through the ternLS of an appeal and fall into one of two subrflaes. reltricted income funds or endowTnent fill8. Where the Trustees make a Irdnsfer of funds from general funds to a restri¢ted fi]n th¢ ¢haTity res¢rves the right to transfer the unrestricted element of that fijnd into genero1 r¢s¢rv¢5 at any time in the fvture. lll¢omlng Tesour¢e$ All income 15 r¢¢ognis¢d once the charity Iw entiilement io the income, it ig pmbable that the income Mryll be Tcceivcd, and the amounl of income receivable can be measured reliably. For legacies, entitlernent is taken as the earlier of the datc oll which ather.. the chaTity 15 aware that pba has been grdnted, the estate has been finalised and notifiLation has been mad¢ by the executorfs) to tbe Trust that a distribution will be made, or when a distributiim is receiycd from the estate. Receipl of a legaey, in whole or in part, is only considcred probable when the aOunt call be measured reliably, aDd thc charity h&$ been notificd of thc cxccutaes intention to a distribution. Where legacies have been notified to the charity. or the charity is awarc of the gran¢it)g of probate, and the criteria (or income recognition have not b¢eD tAeL then th¢ legacy is treated as a contingent asset and disclosed if material. Incorne tax recoverable in relation to dollations reived under Gift Aid or de&ls of covenant Is recognised at the time of the donation. Income tax recoverable in Telation to investmellt income is recognised at the time the investment income is receivable. Resources expended Expenditure is recognised on an accnjals basis a8 8 liability is incurred. Expendiwre includes any VAT which cam]ot be llY recovered. and is classified under headings of the statcmcnt of financial activities to which il relates.. expenditure on rdising funds includes the costs of all fimdrai$ing a¢tivitie6, events, non-charitable trading activitics, and thc sale of donated goods. expenditure OD charitable activities includes all costs incurred by a Charity An undertaking activities that further its charitable aims for the benefjl of ils benefILiarie including those support Costs and costs relatill8 to the governance of the charity apportioned to charitsble dctivities. other expenditure includes all expenditure that is neithcr related to ratsing fuDds for the charity nor pan of its expendifttre on charitable activities. AJI costs are allocated io expendsttire categories rcflccting thc use of the resource. nir#t costs attril)utable to a single activity are allocated directly to that 2Ctivity. 8harcd costs are apportioned betwetn thc activities they contribute to on a reasonable. justifiable and wnsisteni basis. 11
Kilkeel Congregation Of The Presbyterian Church In Ireland Notes to the Flnanclal Statements (ntInu¢d} Yoar ended 31 December 2025 A¢¢ountlng poli¢ies {¢vnlinued) T8ngible a55els Tangible assets are stated at cosl (or deemed cost) less ac¢umulated depre¢iauon and a¢¢uuJul8ted impairnient losscs. All assets costing more than £1.01 are eapitali8e¢ Cost in¢ludes the original puhase price, costs diTectly attributable to bringing the asset to its working ¢ondition for its intended use, dismantling and restoration costs. Th¢ Charity have utilised TrR5 102 transitional rnles for property and have included all property in use by th¢ charity at the dats of trdnsition to FRS 102 at deemed eost, being the fair value of the properties at that tirn¢. Depre£Ration D¢preciation is calculated so as to write off the cost or valuation of as1, less its residual value, ovu the usefvl ¢wnomi¢ life of that a1 as follow Life Build¢r ¢quipm¢nt rixture5 and fittings Motor vehi¢les 21Pkn straight line I/0-20/D straight line 2/0 straight line Church Property - Given the nature of the properties and the high level of QD-going maiDtenanee to which they are gubjecL no depreciation is applied to Churd) Prowty. The residual value of Church Property is considered to be at Icast equal to the cost (deemed cosi) of the property. IDvestments Unlisted equity iDve8tments are Rnitially r¢¢orded at cost. and subsequently measured at fair value. If fair value cannot be reliably Tneasured, assets are m&wured at Cost less impairnhent. Listed investhients are measurcd at fair value with changes in fair value being recognised in income or expenditt)re. Investment property Inv£sth)cni property is reva]uEd to ils fair value at each reporting date and any changes in fair value are recognised in profit or loss. FID8n¢lal instrument$ The charity only has financial assets and financial liabilities of a kind that qualify as basic fllydrtcial instruments. Ba$i¢ financial insrrnments are initially recogniged at transaction value and subsequently measured at their settlement value with the exception of bank 102ns which ar¢ subsequcntly rneasured at aTnortised cost using the effective inteTest methLKI. Dered eontrlbutKon platt8 The charity operates a d¢f]ned ¢t)ntribution pension scheme and the pension chaTEe represents the amounts payable by the tharity to the fLmd in r¢8pect of the year. 12
Kilkeel Congregation Of The Presbyterian Church In Ireland Notes to tho Financial Statements (contlnu8dJ Year endad 31 December 2025 Donations #nd leg#eie5 Unrestrjcted Funds Restricted Total Funds Funds 2025 Donations Free Will Offering (iift Aid Loose collections Property donations Belfasl City Mission Sundry small gifts Outreach donations Faith mission General mission Mid-week offering PCI Children's Society United Appeal Donations Philip Johnston Poppy appeal Other donalions 104.589 17.486 4,870 104,589 29.351 4.870 4,807 394 163 1,944 215 37,027 296 I 1.865 4,807 394 83 1,667 215 37,027 80 277 296 loo 6,S57 2,355 6.557 2,355 3,118 3,118 Legaeies Legacies & bequests io.(MJo 2(MJ 10,200 Grants r¢¢eived 5,000 137,598 73,388 210.986 Unresrricted Funds Restricted Tothl Funds Funds 2024 Donatifjn$ Free Will Offcring GiftAid Lse collection. Prop¢ty donatiar B¢lfa$t City Mission Sundry Small gifts oUtrCh donation8 Faith mi55iQ General missio Mid-we£k offering PCI Children'5 Society United Appeal Donations Philip Johnston Poppy appeal Other donations 98,265 17,743 3.585 98,265 32,975 3,585 2,750 526 30 652 157 36,778 490 50 6,222 13.271 754 2.741 15,232 2.750 526 30 652 157 36,278 500 490 50 6,222 13,271 754 2,741 Lega¢ie5 L¢ga¢i¢s & beques 10,000 10,000 Grants Grants receive41 7,419 7,419 120,613 96.052 216,665 13
Kilkeel Congregation Of The Presbyterlan Church In Ireland Notes to the Flnanclal Statèmenls (Gortlnued) Year ended 310ocembor 2025 Charitable actlvitle5 Unrestricied Fund5 Restricted Totsl FUd5 Funds 2025 Church Magazines PresbyriaIl Women Boys Brigade Girls Brigade Anchor Boys Sunday School Mums & Toddlers Life Builders Bowling Fellowship 340 340 4,028 4,028 1,786 225 365 4.432 32,966 378 1,786 225 565 4,432 32.966 378 340 44,380 44,720 Unrestricted Funds Restricted Total Funds Funds 2024 Church MaEaZineS Presbyteriart Women Boys Brigade Girls Brigade Anchor Boys Sunday School Mums & Toddlers Life Builders Bowling Fellowship 627 627 2,554 210 1,853 477 440 3.885 34.637 758 2.554 210 1,853 477 440 3,885 34.637 758 627 44,814 45,441 Other tradlng actlvltRes Unrestri¢ted Total Funds Funds 2025 Unrestrieted Totsl Funds Funds 2024 Rent o(land 121 121 Investment income Unrestricted Funds Restricted Totsl Fllnd$ Futtds 2025 Jncome from investment pmperties Bank interest received Oth¢r investment incoJne- dividends 12,000 12,000 271 301 271 301 12,301 271 12.572 14
Kilkeel Congregation Of The Presbyterian Church In Ireland Notes to thè Flnanclal SLitèments (Gontinuedj Year ended 31 DgGgmbgr 2025 Investment Income [ctsedj Unrestiycted Funds Restricted TotAI Fundg Funds 2024 Income from investment prrtIeS Bank interesl received Other investment income- dividends 11,040 251 11,040 251 292 292 292 11,291 11.583 Other Ineome Unrestricted Funds Res(rAcied Total Fund5 Funds 2025 Qtb¢r in¢om¢ RefLmd of expEnditure 200 15 2(MJ 118 103 103 215 318 Unrestrict Funds Restricted Totsl Funds Funds 2024 Other income Refund of expendittwe 100 175 loo 762 587 587 275 862 Expenditsre on charitsble actlvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Advallcem¢nt of R¢ligion Suppon costs 81,367 42,458 77,548 28,823 158,915 71281 123.825 106.371 230,196 UJJr¢stri¢ted Funds Reslricted Funds Total Funds 2024 Advan¢¢ment of Religio Support ¢osts 81,860 48,000 96.745 25,151 178.604 73,152 129.860 121,896 251,756 15
Kilkeel Congregation Of The Presbyterian Church In Ireland Notes to the Flnanclal Statements (¢ortirtu•dJ Year ended 31 Docombor 2025 10. Expendlture on chArlt&ble activities by activity type Activities undertsken directly Support 10515 TO1 funds 2025 Totsl fund 2024 Advancement of Religion Governance costs 158,915 66,854 4,427 225,769 4,427 230,196 247,258 4,498 158,915 71281 251,756 11. Analysls of support C05t5 All8lysi$ of support ¢o$ts Totsl 2025 Total 2024 Stsff costs Premises General offiee FRnance Costs Governance colts Depreciation Other congregational costs 17,362 27,195 8,459 2,207 4,427 6.700 4,931 17,362 27,195 8,459 2.207 4.427 6.700 4.931 15.586 25.988 7,660 2,272 4,498 12,038 5,110 73,152 71,281 71.281 12. Net (losses)Igain$ on investments Unrestrieted Total Funds Fundg 2025 Unrestricted Total Funds Funds 2024 Gain110eS) on listed investrnents (532) (532) 558 558 13. Net in£ome Net income is stated after char8ingl(¢rediting): 2015 2024 Depreciation of tangible fixed assets 6,700 12,038 14. Independent exAmlnatSon fees 2025 2024 Fe¢s payable to the independent examiner for.. Ind¢p¢nd¢nt examination of the flnancial statements Other assurance servi¢e6 Other fmancial servic 650 2.350 625 2200 1.475 3,000 4,300 16
Kilkeel Congregation Of The Presbyterian Church In Ireland Note5 to Ihe Flnanclal Statements {contlnu•dJ Year ended 31 December 2025 15. Staff ttslts The totsl $t8ff Costs and employee benefits for the Feporting period are analysed follows.. 21125 2024 Wag¢$ and salaries Swial security costs Employer ¢ontributions to pension plans 60,247 6,518 7,505 57,021 5,433 9,944 74270 72,398 The average head count of etDployees during th¢ y¢ar was 4 {2024.. 4). The average number of fvll-time equivalent employees duTiDg the year is allalysed as follows: 2025 No. 2024 Minister Maintenance No employet received ¢mploy¢¢ benefits of more than £60,(N)O during the yeaT12024: Nil). 16. Trustee remuneration attd expenses The Minister of the congregation, Rev Stephen Johnston. is also a twstee. Rev JohD5ton TecEived remuneration of £42,885 (2024 - £41,435) and ¢xpeT)ses (including car and duties allowance) of £7,388 {2024 - £7,036) in his c4)acity as the Ministcr of tht congregation. Pension conttibuiioll of £7,505 (2024 - £9.944) were also paid to the Pr¢8byterian Church in Ireland Pension Scheme (2009) ill reSpt of Rev Johnslon. T)uring the year the Charity paEd a further £IJ20 (2024 - £1.320) io Rev Stephen Johnston. This was a contribution towards both the Manse running Costs and Rev. Johnston's mileage Costs, incutted An corrying out his role as MinistEr of the congregation. No other trnsttes received any rernunerdtion and no other tn]stees claimed any expenses during the year in connection with their duties. 17
Kilkeel Congregation Of The Presbyterian Church In Ireland Notes to the Flnancial Stst¢ments (¢ontinued) Year ?nd•d 31 Docomb8r 2025 17. TaDglble fixed asgels Church Life Builders Fixtures and Property EquipD]¢nt fittings Motor vehicle6 Total Cost At l January 2025 Adth'tions 1,060,000 76.128 1,757 24.936 7,350 1.168.414 1,757 At 31 Dece]Mber 2025 1.060.000 77,885 24,936 7,350 1,170.171 Depreciatio At l JaDuary 2025 Chargc for the year 70.081 4278 9,698 2,422 7,350 87.129 6.7(MJ At 31 December 2025 74,359 12,120 7,350 93,829 Carrying amount At 31 December 2025 1.060,000 3,526 12,816 ,076,342 At 31 DeCeber 2024 1,06Q.000 6,047 15,238 1,081,285 Church Property includes 811 properties owned and owupied by the Charity in Advancement of Christianity and includes the Kilkecl Presbyterian ch building. Graveyard, CaJparf(. Mission Hall. Endia Hall, Boyd Hall and the Manse. Chur¢h Property was recognised in the financial statements using a fair value valuation as deErned cost ort trdOSition to SOIiP 2019 (FRS 102). The valuation was perforn)ed by independent eXrnal valuers, J F Sp¢ers & Son, ag 41 3 1st De¢eniber 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 anD's length basis in accordance with FInCIal Rq)orting Standard 102 The Financial Reporting Standard applibitble in the UK and Republi¢ of tTeland' (FRS 102) and the Charities SORP 2019 (SORP 2019). Given the tYdtyr¢ of the prop¢rti¢s and the high level of on-going maintenance to which they aTC subject, no depreciation is applied to Church Propcrty. The residllal value of Chutch Property 15 Gon5idered to be at leasi equal io the deemed cost of the prop¢rty. Due to the age and nature of ChuTch propety it was not possjble to reliably state the histori¢ cost of Chur¢h propety. Other fixed assets are recorded a depreciated historical cost. 18
Kilkeel Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements {conIlnuj Year ended 31 December 2025 18. Investments Inv¢sttnent propertie5 investments Total Cost or valllthtion At l January 2025 Additions Fair value movements l90,¢X)O 12,366 202,366 (532) (532) 201.834 At 31 Deeember 2025 190.(K)O 11,834 Impgirnient At l Janmary 2025 31 Deeember 21125 Cirrying amoullt At 31 December 2025 190,000 11,834 201,834 At 31 De¢¢mber 2024 190,000 12,366 202,366 All inv¢stmeDts shown above are held at valuaiion. Investment propertles Investment propety at 18 Newcastle Street, Kilkeel has becn ]lded in the financial statements at fair value. Th¢ valuation Vds perfomied by J F Speers & SO an independent valucr, po8scs8ing relevant experience in the ar¢a. The valuation was on the basis of Market Value, 2$ at 318t Dcccrnkn 2022. Market Value (fair value) ts the amount for whiGh aTL a55et could b¢ ¢xchanged betw¢eu knowledgeable. willing parties on an arm's length basis in aGGordanGe witb Finan¢ial R¢porting Standard 102 'Th¢ Financial Reporting St2ndard applI¢able in the UK and Republic of Ireland, (FRS 102) and the CharitÉes SORP 2019 (SORP 2019). The Trnste¢$ ¢onsider the fair value of this prq)erty at the year-eud not to be materially different from thc professional valuation dated 31st December 2022. Fin8Dcial assets held at fair value. Other investments are recorded at their fair valut at the balance sheet date. The value of the general investment timd is deterniined by reference to the quoied price for identical assets in an active tD&trk¥t at the balance sheet date. 19. Debtors 21125 2024 Prepayments and a¢¢Tued income Other debtors 6,532 30.021 6,057 32,974 39.031 36.553 19
Kilkeel Congregation Of The Presbyterian Church In Ireland Notos to the Financlal Statement$ {¢ontinu•dJ Year ended 31 Decernb8r 202S 20. CrEditors: omouDls falling due witbin one year 2025 2024 Trdde creditors Accrua15 and deferred income Social security and other tu&q 828 5,982 70 426 8,420 70 6.880 8,916 21. Pensions and other post retirement benefits Pension contributions The arnount recognised in income or expenditutt as an expense ill relation to defined contribution plans W&8 £7505 {2024- £9,957). The charity operates a defined contiibution pension 8cheD]e for its employees. The assets of the scheme are held separately from those of th6 ctwity in an independently administered Fund. The pension cost ¢haTge represents contributions payable by the charity to the fund and amounted to £nil (2024- £nil}. No contributions (2024 - £nil) were payable to the fund at the balanc¢ sheet date. The minister of the congregation is a member of the Presbyterian Church in Ireland Pension S¢heme (2009}. This is a scheme opernted by the Presbyterian Church in treland, a separat¢ registered charity. The Congregation pays an assessment to the Presbyterian Chutch in Ireland equivalent io the employels pension contributions for the Scheme and based on the stipertd paid to the minister. The Presbyterian Church in IrelaDd Pension Scheme (2009) is a funded Seh¢m¢ of the defined ben¢fit typ¢, providing de*1 benefits based on career average revalued salary. Th¢ S¢h¢me has ass¢ts held separately adEninistered nd Managed by a board of iwstees. The Presbyt¢rian chh ond th¢ S¢h¢me Trnstees have 2grced a fvnding plan to ensure the Scht]nt is sufficielltly fund¢d to m¢et GU¢nI ODd fvture obligations. Following the 2023 Triellnial Acthlarial ValLQiioD of the Fund, the fomial schedule of contributions was changed to reflttt the signifi¢ant improve]nrnt in the SChee's funding level. The Presbyterian Church now agreed to pay contributions of 17.5 /0 (2024 - 24/0) of pensionable Salaries to cover the accNal of benefAts for hture service, cxpcnses, the wsi of illsurin8 death in service bellefits and nding the scheme deficAt. During the yffdT the charity made pa)ryn¢nts of £7,505 {2024 - £9,944) to the fun<L There were no contributions wtstanding at the balartce gheet dute in th¢ current orpTior year. 20
Kilkeel Congregation Of The Presbyterlan Church In Ireland Notes to the Financlal Statements (contlnuedj Year 8ndgd 31 December 2025 22. Analysis of charRtable funds UtLreslrAeted fullds At l Jan 202 Gains And At losses 31 Dee 2025 Income Expendire Transfers Geoeral fidS Fixed Asset InvesttncDt Property Income 44,871 15,238 138.463 (121,403) {10,200) (532) (2,422) 51,199 12,816 12,000 {12,(K)O) (123.825) (22,200) (532) 60.109 150,463 64,015 Gains and Income ExpEndirllTr TrJusfers loss¢s AtlJan 2024 Ai31 Ik¢ 2024 Genernl filnds Fixed A&set Investment Propety Income 33,786 18,730 122,230 (126.368} (3,492} 14,665 558 44,871 15238 52,516 122,230 (129.860) 14,665 558 60,109 Restricted fuDds Gain8 and At31 Det TrLrtsfrJy losses 21125 AtlJa 2025 Income Expendittwe Church Buildings Investment Properties United Ap&] FuDd Uganda Project GenerAI Missions Fund PCI ChildTen's Society Properry Fund Poppy App] Mourne Stimulus Fund Ot*n DOOTS Fund Special Mission Trund ITi5h Mission (K & R) Fund Belfast City Mission Phillip Johnslon Support Janice Grdha Support One Missioll Society Forsythe Boys Brigade Gtrls Brigadc Youth Club Anchor Boys Bowling Fellowship Sunday Sch1 Mums & Toddlers Life Builders Pr¢sbyt¢rian Women 1,060,000 190,000 1,092 2,279 21,258 1,060,000 190,ODO 1,076 4.084 28.230 100 25.419 7,633 300 24,821 100 27,fAO 19.656) 2,007 1,505 16.012) (11.837) 18,706 (20,087) {840) 618 2.200 214 1,295 394 2,355 1,290 (618} (1,965) 235 17256 7,042 10.o(x) 4,685 (5,980} 394 (8,300) {4,590) {1,200) {2,689) (2.130) (5001 (228) (136) 5,945 3.300 1200 369 139 910 2,438 2,554 362 2,354 544 2,675 16,024 1,426 ,600 3,186 190 3,633 2,054 434 2.479 1,113 3.376 21.655 2.019 231 381 569 4,432 34,966 4,029 69 1120) (3.531) {29J35) (3,589) {200) 153 1,329,6fv1 118254 {106J71) 22200 1.363,747 21
Kilkeel Congregation Of The Presbyterlan Church In Ireland Notes to tho Financial Stalements fcontlnuedj Year ended 31 December 2025 22. Analysis Of charitable fund$ Atljan 2024 Gains and losses Ai31 Dec 2024 IncDmc Expenditsre TTaD5fErs Chureh Buildings Investment Properties Uniied Appeal Fund Uganda Project General Misgions Fund PCI Children's Society Properry Fund Poppy Appeal Mourne Sti]nulus Fund Open D()ors Fund Special Mi&bivn Fund Irish Mi&sion IK& R) Fund Bellasi Cily Missio Phillip Johmston Support Janice Graham Support One Mi85ion Society Fors)rthe Boy8 Brigade Girls Brigade Youth Club Anchor Boys Bowling Fellowship Sunday School Mum$ & Toddlers Lif¢ Builders Presbyterian Women 1,030,000 190,000 997 2,354 17,129 30.000 1,060,000 190,ono 1.092 2.279 21,258 7,314 150 40,612 645 47,034 754 561 2,080 221 460 110,0001 2,781 (2,0251 1,800 (24956) (11,527) {645) {29,369) (9,745) (754) (561) (2.080) 10,786 18,706 12.821 (6,000) 4,500 7.042 (4.960) 350 (1,750) {1,200) (2,572) (2,997) 1,400 1,200 I,iio 1,599 2,554 621 2,160 102 ,778 38,870 912 2,372 4,136 910 2.438 2,554 362 2,354 544 2,675 16,024 1,426 (3(M)) 486 761 442 4,387 37,112 2,555 17451 14471 (120) (3,490) {29.958) (30.000} (3,387) 1,346 1,313.793 152,432 (121,896) (14,665) 1,329.664
Kilkeel Congregation Of The Presbyterian Church In Ireland Notes to the Financial Statements (conUnu•d) Year ended 31 December 2025 23. An#ly5i5 of net a55ets between funds Unrestricted Ful$ Restricted TotAI Funds Funds 2025 Tangil)le fixed assets lllvestmellts Crrent atsets Creditorg less than l y¢aT Ntt Asset8 12.817 11.834 45,536 (6,172) 64,015 ,063,525 190,000 110,930 (708) 1,363,747 1,076,342 201,834 156.466 (6,880) 1,427,762 Unrestricted Funds Restyicted Total Funds Funds 2024 Tangible f]xcd assets Inve$tmcnls Currcnt assels Creditors less than l year Net SS5ets 15,238 12.366 41,421 {8.916) 60,109 1,066,047 190,000 73,617 1,081,285 202,366 115.038 18.916) 1,389,773 1,329,664 24. RelAted pkrties The Minist¢r, Rev Stephen Johnston is considered to be key rnanagemellt personnel of the charity. Total remuneiation paid to R¢v Johnsion by way of his employment with the Church is detailed in Note 16. Rev Stephen Johnston occupied residential church property at New¢a$tle Str¢eL Kilk¢el (Th¢ Manse) iti his rolc as Minister of the congregation. Rev. Johnston was not charged rent for use of this prop¢rty. During ¢h¢ year the ¢hority reimbursed severnl trustees for charity expenses paid personally by them o behalf of the Church. These repayments totalled as follows= Trn5tee Rev Stephen JohllSton- £Dil (2024- £413} Tru$t¢e Mr O Wallace- £222 (2024- £413) Duting the year the charity paid £Nil (2024-£597) to a business associated with trustee Mr O Wallace and £Nil {2024 - £684) to a busilless associated with tNstee Mr D Mcculla. All th¢s¢ paym¢nts r¢pr¢$¢nied cominercial transactions iTh relation to goods & setvices provided to th¢ ChuT¢h. 23