Killinchy Presbyterian Church Finance Report For the Year Ended 31 December 2023
Independent examiner's Report to the Trustees of Killinchy Presbyterian Church l approve the accounts ofthe charity for the year ended 31 December2023 contained on pages 2 to 5 and confirm that I have made available all relevant records and infomiation for their preparation. Honorary Treasurer Independent Examlner's Report to the Trustoes I report on the accounls of Killinchy Presbyterian Church for the period ended 31 December 2023, which are set out on the followin9 pages. RespectSve responsibillt185 of trustees and examiner The Iruslees are responsible for the preparation of Ihe account. The trvstees considerthal a full audit Is not r8quir8d for thls year and an Indep8ndenl examination is needed. Having satisfied myself that the organisation is not subject lo Audit under company law end Is eligible for Independenl examination il Is my responsibility to: Examlne the aOnIS. Follow the procedure laSd down In th8 General Dlrectfon glven by th8 Charity Commission with regard to independent examinations. State whether partlcular matters have come to my attenllon. Bas18 of Independent examlner's roport My examination was Caled out in accordance with the Gener81 Dlrectlons given by the Charity CommSssion. An examlnallon Includes a revlew of the accounllng records kèpl and a comparison of the accounts presented wlth those records. It also includes considoralion of any unusual ilems or disclosures in the accounts and seeking explanatlons from you as trustees concerning any such matters. The procedures undertaken do not provSde all the evidence that would be reqUId in an audit and consequently no opinlon Is given as to whether the account8 present a Irue and fair view, and the report is limited to th08e matters sel out in Ihe statement below. Indepéndent examiner's stalemenl In connection with my ex8minalion, no matter has oome to my allention: {1) Which glv88 me reasonable cause to belleve that In any matedal aspect th8 r8quir8m8nts.' To keep accounting records. To prepare accounts which accord with Iho accounting records, comply with the accounllng roquirements and wth the m8lhods and principles of the Statement of Recommended Practice. which, in my opinion, attentlon ghould be drawn In order to enable a proper undorslanding of the ounts lo be aChed. PE R BOND FCA PMB ACCOUNTANTS LIMITED 7 The Square Comber Newtownards BT23 5DX Daled.. 12 September 2024
Killinchy Pre$b•r1an Church Receipts & Payments Accounts Year endlng 3111212023 Page 2 Year Endin9 2022 2023 Varian¢e INCOME Congregational Glvlngs Freewill Offering Gifl Aid Harvest Gift Day & Gift Aid Loose Offering Grant Income for Chufch Roof Repair KPC Kids Donations for use of halls & facillties Other Income Funeral Catering Graveyard Harvest Fair Bequests Rental Income 78,896 14,751 5,492 1,935 27,780 2,800 3,080 216 77.409 25,909 6,347 2,772 1,487 {11,1581 1855) (837) 27,780 1,595 165} 168 1,205 3.145 3,490 4.300 18101 15,359 5,679 142.173 115,3591 400 2,346 6.079 144,518 Investment Income PCI General Investment Fund Dornan Trust 5,927 14,633 20,560 6,155 {2281 14.633 14,405 8,155 Total excluding Collections 165,078 148.328 16,751 Collections for Central Appoals United Appeal & Gift Aid World development Appeal & Gift Aid Presbyierlan ChSldren's Society Moderator's Appeal PCI Council for Global Mlssion 8,435 579 8,062 13 374 566 470 3,828 13,3581 9.484 11.902 12,4181 Collectlons for other Restricted Congregatlonal Fund 11,411 2,904 8,507 Total 185,973 163,134 22.839
Killinchy Presbyterian Church Receipts & Payments Accounts Year endlng 3111212023 Page 3 Year Ending 2022 2023 Variance EXPENDITURE Staff Costs Minister Salary Minister Expenses Ministerial Car Allowance Ministerial Duties Allowance PCI Pension Scheme Vacancy Convenor Organist Pastoral Expenses Natlonal Insurance 42.114 39,632 (2,482} 4,020 2,681 9,988 3,829 2,553 9,512 11911 (1281 {4761 85 5,481 64,368 50 5,376 60,952 (351 1041 {3,416) PCI Assessments Central Ministry Fund Retired Ministers, Fund Widows of Ministers. Fund Prolonged Di58bility Fund Incidental Fund Ministerial Development Fund Church House External Repairs Special Assembly Sick Supply Fund Students Bursary Fund ApprentiGeship Levy 3,174 2,907 1267) 649 649 2,5g6 288 1,442 605 484 2.241 278 1,212 {441 (1651 {3551 (101 {2301 29 1,154 208 10,189 37 1,151 198 9,113 131 10 (1.076) Property Costs Grounds MainlenanGe & Minor Repalrs Rates & Insurance Heat & Light 7,286 9,777 6,733 23,796 7,455 8,951 6.046 22,451 169 {8261 687 {1,3441 Offl¢e & Admlnlstratlon Costs Printing .Stalionery & SOfare Licenses Postage & Telephone Accountancy Fees Down Presbytery Fees Periodicals Bank Interest & Fees Sundry Expenses Legal & General Expense5 2,782 1,226 600 996 2,517 904 600 872 {45) 426 285 1265) 1322} 11241 (481 11121 {1171 539 402 6,548 5,560 (988)
Page 4 Ministry Costs Pulpit Supplies Sunday School KPC Kids Discipleship Fellowship Worship 745 114 2,997 228 296 1,039 5,419 392 {3541 {20) {1 1211 1228) 122) 292 {2,038) 1,876 274 747 3,382 Property Renewals & Improvements Church and Halls Propety Repairs Ballydrain Old School House Manse Repairs Old Sexton's House Sexlon's House 68,556 50,778 (17,778} 816 207 (609} 660 70,032 1,510 52,495 850 117.5371 Donatlons United Appeal & Gift Aid World development Appeal & Gift Aid Presbyterian Children's Society Moderator's Appeal PCI Council for Global Mission Harvest Gift Day Designated Charlties 8,415 579 8,809 13 1,410 3,828 394 (5661 1,410 3,358 470 4,020 13,484 1,910 15,969 2,110 2,485.45 Repayment of Loan Capltal to Dornan Trust Payments from other Restricted Congregational Fun 90 2,398 2,308 Total 193,928 172,321 {21,605) SURPLUS BEFORE FINANCING COSTS 7,953} 9,187 1,234 FINANCING COSTS Repayment of Loan Interest to Dornan Trust (DEFICIT) I SURPLUS AFfER FINANCING COSTS 7,953 9,187 1,234
Killinchy Presbyterlan Church Receipts & Payments Accounts Year ondlng 3111212023 Page 5 Year Ending 2022 2023 Varlance Cash Flow Statement Opening Cash Balances 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 {25,286) 506 (9,187} Closing Cash Balance General Fund Building Fund Restricted Congregational Funds 24,028 27.417 15,087 66,532 26.334 44,405 3,746 74,485 12,3051 116,9881 11,341 7,953 Movement In Cash & Bank balan¢o8 in the year 17,9531 19,1871 1,234 Other Financi81 Assets & Llablllt108 Investmonts PCI General Investment Fund Number of Sh 22,797 22,797 Value as at 31 303,813 278.600 25,213 Loans Dornan Trust 319,439 319,439