Killinchy Presbyterian Church Finance Report For the Year Ended 31 December 2022
Independent examiner's Report to the Trustees of Killinchy Presbyterian Church l approve the accounts of the charity for the year ended 31 Dember 2022 contained on pages 2 to 5 and confi that I have made available all relevant records and infornalion for their preparation. Honorary Trea8urer Independftnt Examlner's Roport to the Trustses I report on the accounts of Killinchy Presbyterian Church for the peri¢xI ended 31 December 2022, which are sel OLtI c n the following pages. Respective responsibilities of trustees and examiner The trustees are responsible for the preparation of the account. The Iruslee9 ¢onsider that a full audit is not required for this year and an independent examination is needed. Having satisfied myself that the organisalion is not subject lo Audit under company law and is eligible for independent examination Il is my responsibility lo.. Examine the accounts. Follow the procedure laid down in the General Direction given by the Chanly Commission with gard to independent examinations. Stale whether particular matters have come lo my attention. 8a81• of Independent examlnerf8 report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept and a comparison of the accounts presented with Ihosi., records. 11 also in:ludes consideration of any unusual items or dis¢losur8s in the accounts and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the ovidence that would be required in an audit and consequently no opinion is given a5 to whether the accounts pre,. ent a 'true and fair view, and the report 1$ limited lo those matters sel out in the statement below. Independent examinels statement In connection with my examination, no matter has come lo my allention,. 111 Which gives me reasonablè cause to bèlieve that in any material aspect the reqU1ments.. To keep accounting records. To prepare accounts which accord with the accounting records, comply wilh the aoUntIng requirements and with the methods and principles of the Statement of Recommended Practice. 121 To my opinion, attention should be drawn in order lo enable a proper understanding of the be reached. PETER OND FCA PMB ACCOUNTANTS LIMITED 7 The Square Comber Newtownards 8T23 5DX Dated.. 27 July 2023
Killinchy Presbyterian Church Receipts & Paymènts Accounts Year ending 3111212022 Page 2 Year Ending 2021 2022 Variance INCOME Congregational Givlngs Freewill Offering Gift Aid Harvest Gift Day & Gift Aid Loose Offenng Dornan Trust Loan Capital Repayment Fund Fund Raising Committee KPC Kids & Sunday School Donations for use of halls & facilities Other Income Funeral Catering Graveyard HaNest Fair Bequests Donations for Gift to retiring Minister Blank Blank Blank Renlal Income 77,409 25,909 6,347 2,772 75,130 16,968 4,322 1,569 2,279 8,940 2,025 1,203 1.205 3,145 48 1,205 3,145 (1,186) 1.234 4,300 1,700 2.600 15,359 1,000 14,359 5,679 5,887 142,173 107,810 208 34,363 Invoslment Income PCI General Investment Fund Dornan Trust 6,155 5,927 8,318 14,246 228 8,318 (8,0901 6.155 Total •xcluding Collectlons 148,328 122,056 26,272 Collectlons for Contral Appoals United Appeal & Gift Aid World develoFment Appeal & Gift Aid Presbyterian Children & Orphan Society Moderator's Appeal PCI Council fc r Global Mission 8,062 13 7,666 100 591 396 (881 1591) 3,828 3,828 11,902 8,357 3,545 Collections f Jr other Re8trl¢ted Congregatlonal Funds 2,904 2,130 774 Total 163,134 132,543 30,591
Killinchy Pr03byterian Church Receipts & Payments Accounts Yèar ending 3111212022 Page 3 Year Ending 2021 2022 Variance EXPENDITURE Stsff Costs Minister Salary Minister Expenses Ministerial Car Allowance Ministerial Duties Allowance PCI Pension Scheme Vacancy Convenor Organist Pastoral Expenses National Insurance 39,632 38,760 (8721 3.829 2,553 9,512 3,745 2,497 9,302 {84) (56) (2101 50 5,376 60,952 350 4,992 59,646 300 385 {1,307) PCI A33essments Central Ministry Fund Retired Ministers, Fund Widows of Minislers, Fund Prolonged Disability Fund Incidental Fund Ministerial Development Fund Church House External Repairs Special Assembly Sick Supply Fund Students Bup. ary Fund Apprenticeship Levy 2,907 2,892 115) 605 484 2,241 278 1,212 663 482 2,229 314 1,266 58 121 {12) 36 54 37 1,151 198 9,113 48 422 194 8,510 {7291 (603) Property Costs Grounds Maintenance & Minor Repairs Rates & Insurance Heat & Light 7,455 8,951 6.046 22,451 5,268 8,014 3,178 16,461 12,1871 1936) 2,868 15,991) Offlc• & Admlnlstration Costs Printing ,Stationery & SOfare Licenses Postage & Telephone AGGountan¢y l ees Down Presbytery Fees Periodicals Bank Interest & Fees Sundry Expenses Legal & General Expenses 2,517 904 600 872 (45} 426 285 2,653 969 1,140 665 136 64 540 {2071 45 {120) 25 307 310 5,560 6,044 484
Ministry Costs Pulpit Supplies KPC Kids & S'inday School Ignite & Youth Organisations Discipleship Fellowship Worship Page 4 392 1,969 313 1,111 (791 (859) 274 747 3,382 (274) 144 {1,068} 891 2,314 Property Renewals & Improvements Church and Halls Property Repairs Ballydrain Old School House Manse Repairs Old Sexton's House Sexton's House 50,778 9,060 {41,719} 207 110 5,034 617 14,821 {96) 5,034 893 {37,674) 1,510 52,495 Donatlons United Appeal & Gift Aid World development Appeal & Gift Aid Presbyterian Children & Orphan Society Moderator's Appeal PCI Council for Global Mission Harvest Gift Day Designated Charities 8,809 13 1,410 3.828 8,971 100 2,452 162 88 1,042 (3.828) 1,910 15,969 2.461 13,983 551 1,986.06 Rgpaymont of Loan Capital to Dornan Trust Payments from other Restrlcted Congregatlonal Funds Total 2,398 2,759 362 172,321 124,538 {47,783) SURPLUS BEFORE FINANCINC COSTS 9,187 8,005 17,192 FINANCING COSTS Repaym8nt of Loan Int•re8t lo Dornan Trust (DEFICIT) I SURPLUS AFTER FINANCING COSTS 9,187 8,005 17,192
Killinchy Presbyterian Church Receipts & Payments Accounts Year ending 3111212022 Page 5 Year Ending 2021 2022 Variance Cash Flow Slatem8nt Opening Cash Balances General Fund Building Fund Restricted Congregational Funds 10,742 69,691 3,240 83,672 1,494 70,305 3,869 75,668 9,248 (614) 629 8,005 Closing Cash Balance General Fund Building Fund Restricted Congregational Funds 26,334 44,405 3,746 74.485 10,742 69,691 3,240 83,672 15,592 (25,2861 506 9.187 Movement in Cash & Bank balances in tho year 19,187 8.005 {17,192) Other Flnanclal Ass8t8 & Liabillties Investments PCI General Investment Fund Number of Shares 22,797 22,797 Value as at 31st December 278,600 303,553 (24,9541 Loans Doman Trust 319,439 319,439