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 a￿O￿nIS.
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 Ca￿led 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 reqUI￿d 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 & SOf￿are 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