Killinchy Presbyterian Church Finance Report For the Year Ended 31 December 2024
Independent examiner's Report to the Trustees of Killinchy Presbyterian Church dPF)rove the ?ccounls ol the charity for Ihe year pnded 31 Decemoer 2024 c()nlaine(l on pages 2 10 fi and ronfi,. th81 I have mJde dvailable cill relevant records and liilorrndlio for their preparalion. Chairperson of. tln nce and governa ce subcommittee Iiidependent Examiner's Reporl to the Trustees I rgport on the accounts ol Killinchy Presbyterian Cl"Lirch ior Ihc period ended 31 December 2024, INhich are scl out on Ilie following pdge£_ Respective responsibilities ol Iruslees and examiner Thp. Iruslccs dre responsiblp for Ihe preparatioi DI the account. The trustees r.nnsider Ihal a full audit is nol rcquirpd Ii)F thi5 yeJF an Independcnl exarvin81ion is npo.ded. Having sdlisfied myself that Ihp. orqar)isation is ni)l subjp.ct to Audit under company law and is cligiblL for indepondenl examination il is my responsibilily lo.. Examine the accounts. Follow the proLedLire laid down in Ihe Generdl Direction give.n by Ihe Charily Commission with regard lo independenl examinations. Sldte wlielher parlicul£lr mallers have como Ir) tny attenlion. Basis of independent examiner's report DJIY cxaminrilion was carried out in accord- Ince wilh Ihe GL'npral Direcliuris (Jivpn by IhL. Charity Commi8%ion. An PX3minc?lion in(-ILides q review ol Ihp. ALcoiJnlincj rc'cords kppl arid d cornpdrison of Ihc. ar.coiinls prL'SI)nlp.d ivilh Ihosc, ri:L()rds. 11 ilso iriclude.s Gonsideralion ol any unusiial ilerns or disclosuips in the account,4 dn(l .sceking cxpldnalions from you CIS Iruslees conceriiinfj any sur.h mallL'r8. The pr()cedures undp.rtaken do not providc cill Ilio cvidenc.p. Ilial wniild l)e roquired in an ciudil and con.£CQUL'nlly no opinion Is given as lo whp.lher tho 8ccounls prosenl a 'true ic ncl fair view. and the retkort Is limiled to Ihose rrallers set oul in the slatemenl bp.10w. Indopendenl exatninor s slatemenl I n connp.p.lion with my examination. no maller has come to my allenlion.- 111 Which gives me reasonable cause to belie.ve that in any malerial aspect the requirements.. To keop ai:rounlinci riJc.ords. To prpparo. Icci)Un'.% INhirh accord iév'lh tke 2c-ourtino rpcord%. comply wilh Ilic dP.counling requiremcnls and bli'lh the melhods and p,-inLlples of ;bp Sl,Ilenienl of ReLornmended Prdclice. y opinion, alten'.ior shoiild bp draivn in ordcr lo enablE' a proper Lindorslanding of the L rL'aLhed. account PETE PMBA OND FCA COUNTANTS LIMITED 7 The Square Comber Newlownards BT23 5DX Dated.. 21 August 2025 omb
PUBLIC BENEFIT STATEMENT The Presbylerièn Church ip. Ireland mcpls the public benelil reqiiirement by providing bencfil lo ils members and Ihc gc'ner'il publi(- by makirg known the Clirisliaii Gospel cl the Lord Jesus Christ InroucJh Ihp advancement of rpligion. The dircct benefits which row from the puri)oses of te Church include Ihe gaining of an understanding in Chrisli¢?n l)elicls as se.l out in the Bible and in the CF)urLh's subo,.dipalp. standards Ilhe Weslminsler Cnnfcssion Jf Faith and Ilie Shorter ayd Lirger Cdlc'chismsl leadin(J to spiriludl and moral develormepl and opportunities for response lo Bihle Ip.aching. In luri). Ihi% framework ledd5 0 practical exprebsions of Chi islicin beliefs and slrindards In the local communily such ds through the care Jf those in need {including Ihe sick. disableil and bL'fc'civocII. GLnLfrilly. Ihp 2h(Ivc benefits arE.. d(.,livcre.d Iocrjll! by congreoalio)ns and Ihpir membcrs. 01 Jrc. Iricililal(Jil Ilirough I re5byleries or dre orgJnispdi rjnd dp.livered cer.Ir3lly. LDCJI Glclivpry is facilitated by cp.rlrA resnurces ITI Lilmosl ?11 LEises. Puhlic ac¢es% 1% mAclc known Iliruugh Ihe. lisp vl riolicebodri15. piinle.d malpri81. j)rgss adiJpFli%p,me.nl, website8, and social rnediB or in othp.r '(lYs. The benefits are clemons aled through regular evdlual e,n o! the services and informal and ad-hoc feedback from motMbor5. their families, and mpmbers of the public. -he piirpose docs nol lead to harm. The only privale benelil flowing from our purpose is related lo Minister5, Missiunaries, Dcaconesscs, Irish Missic)n workors a?d '_8y Agents who roceive benef,.Is as a rcsull nf Ilieir holding office or employrpenl. However. Ihis is incide'ntal Jnd necessary in order lo further our charildble purpose. Therc are no ulhor private benefils. ThL' benefiriarie.s nf Ihis purpose rlre members, lieir familios. other i'idividuals Ihal the Presbyterian Church in Irclap.d is in direcl and indirect contact with. +ne community in which pastoral servip,es are provided and olhpr r.0mmol...e8 Ihrougboul Northern Irpland. Ibc Republic ol Ireland. and worldwide wliich henelil from our engagement wilb ic r,d support lo" both Christian ayd olhe.. seeular organisalions, charities ayd individual members ul Iho PLTbliL. The Kirk Session has hcid regard lo the Chanly Commissions public benefit rp.quirp.mpnt sldlulory guiddnre. pmb
KillinGhy Prcsbyterian Cliurch Receipt5 & Payrllents Accounts Year cndiiig 31 st December 2024 Ye4ir Ending 2(124 2023 Vcirianr.r Chur¢li INCOME CongrLcJation1E l Givings F'c'.pwill oflp.iing Gift Aid 8LI.744 84,744 78,896 18.639 18.639 14,751 15.92T 15.9?1 3.874 2.b38 5,849 3,8b8 15,927 3.874 11.6181 2,638 102 0 27,780 127.7801 Hdrvesl Gilt D7y & Girl Aid LD05e Offcring Grsnl InLomo far C,hurch RaDI Rep3ir Doi"nlc ri Trust Loan Capil31 Repayrrienl Fund Fund Raisinq Canimillec KPC Kids 5492 3.685 2,575 42 3.685 2.575 42 500 2,800 3,080 885 Boiialions lor use Df halls 8 faci ille5 Olher Income 15051 11741 500 Funcral Calering Graveyard HaNesl Fair Bequests B13Trk 81snk 500 3,500 3,500 3.490 Blank Renldl Incutne 6,422 6.422 6.J7 142,546 142,£46 144.41R 343 11.9721 Investmcnl Income PCI CJener31 Investment FuDd Proceedb from sale of inveslmeDtS Dornan Trust 7.523 7.523 5.927 1.596 14,633 7,523 20.55: 113,0371 7,523 Total excluding Cnllections 150,069 150.069 165.078 115,0091 Collections for Contral AppeE11s Uniled Appeal & Gill Aid World dev6ilopffjent Appeal & Gi't Aid Piesbyleriari Children's Sooc'.y Moderalor 5 Appeal PCI Couricil for Global fvTission 8.942 530 8,942 530 50 8.435 579 506 1491 50 50 470 {4701 9,?21 9,521 9..184 Collt¢tion5 for olher RestrTCted Congicgational Funds 1.291 1,2Q1 11.411 110,1191 Total .1582 160,882 180.973 125.091) Killinchy Presbyterian Church Rcceipt5 & Payments Account5 Year ending 3111212024 Year EndiiiiJ 2024 2023 ViifirlnCQ Chiircli EXPENDITURE Staff Costs iniblo'r bd13ry Minisler Expeiises Minislerial Car Allowance lini51erial Dlilios AIIow3Tr 43,694 43.694 42, 114 11.5811 4,221 2,815 4,221 2,815 4.020 2,681 12011 11341
PCI Perision Scheme VacanLy Convenor Organist Posloidl kxpenses NalioTral Insurance 10,487 10,487 9,988 14991 85 85 265 12,5951 5,7,15 '0.5 66,963 64,360 PCI A55e5sments Central .71n1%ry Fun(J Rclired N(linislers' Fund Widows of Minisler5' Fund Prolonged Disabilily Fund 3.932 3.93? 3,174 17581 707 55: 649 64Y 2,596 288 1581 99 55a 2.A30 78 12341 ?10 28 Ministerial Devclopmeiil Fund Church House Exlernal Repairs Communicalions Department Sick Sui)ply fund Sluden15 Rur53ry Fund Apprenticeship Levy 78 1,414 1.414 1,442 29 1.257 219 219 208 12.103 12,103 10,189 11031 11,9141 Property Costs GroLJn(l% M<]Iiilen3nce 8 MinGr 14epairs Rale5 & In5Lirance He3t & Lighl Graveyard Mainlenance 9.054 9.446 11.4-2 11.402 7,?8f) 9,777 6,733 11.7681 29.902 29,902 23,796 16,1061 OfficÈ & Administration Costs i-rinling ,Slalionery & Sollw3re Licenses Poslage & Telephane AccoLint3ncy F?.es Down Presbil tery Fees Pi.'riodica15 B3Dk IrilErosl & Fee5 Lpaving Gifl lor Retiring MinislBr BBQ Held for Retiring Minister SJndry FxpLTrnses Legal & General Expenseb 2.303 1.286 600 1,030 101 2T1 2,782 1,226 600 479 1.286 600 1.030 101 1601 996 1341 1981 26 211 539 375 375 402 27 5,966 5.966 6. Jf48 582 Ministry Costs 256 748 3,208 745 489 Sunday School KVL Kids Oiscipleship Fellowbhip OLJlre3ch P?sloral Suppnrt Omice Worship 748 3.208 114 2,997 228 296 16341 12111 228 296 1,039 909 17421 6.1fj1 6.161 Property Renewals & Improvements Chiirch and Halls Property Repairs 8a.'lydrain Old SGhool House Manse Repairs Old Sexton'5 House Sexlon's House 23,772 23,772 68.556 44,784 816 15,7291 ?72 30..5.8(J .'1:.58Q 660 Kll,n3? 388 Donation5 United Appeal 6 Gifl Aid World development Appeal S Gift Aid P,esbyle.ri3n Children's Society Moderator's Appeal 8.962 530 1.937 8.415 579 1.710 470 15461 49 12271 470 530 1.93T
PCI CvuTrGII for Global lI$S1O)I1 Haw?=l Gill Day Oesignaled -harilies 07 2..310 3 415 13,41 J 13,484 323 68.62 RÈpiL yment of Loar) Capital to DorniL n Trust Priymont5 from other RestiictctS CDngregalional Fvnd5 3.999 3.999 90 13,9091 Total 169 098 14n 008 193,92CI SURPLUS BEFORE FINANCING COSTS 8.216 8,216 7,953 263 FINANCING COSTS Repciymenl of Loan Interesl to Dornan Trust IDEFICITI AFTER FINANCING COSTS 18,216 8.216 7,953 263 Killinchy Presbyterian Church Roceip15 & Payments A¢coiint5 Yearcnding 3111212024 Yoi1r Endiiig Cliurch 2024 2023 Vari7nCe Cash Flow Statement Opening Cash Balances C.?neral Fund Buildir)g Fund Reslrirled Congregation31 Funds Graveyard Acu)unl Legacy & Gift Accounl 24028 24.028 26,334 12,3051 27417 2T,417 44,405 116.9881 1Q 087 15,087 3,746 11,34,, 66.532 66,532 74,d6J 17,9531 Closing Casl) Balance Cieneral Fuiid Building Fuiid Iinibus Accounl IAccounl Closed Aug 20111 Reslrilled Conqregalional Funcs Graiweyard Account Legacy 8 Gift Accounl 23,975 23,975 24,028 21.981 21.981 27.417 1531 15,4361 12.360 12.360 10,087 12,7271 J8,3'6 $8,316 66,532 18,2161 Movement in Cash & Bank balances in Ihe year 18,216 10.001 8,216 17.95J 1283 Otlier Financial Assets & LiabTlitie5 Invostments PCI GLneral Inveslmpnl Fund Nijmber of Shares 22,797 22.797 Value as 813151 DeMber Id,rJ87 303.813 10,714 Loans Dornan Trusl 11U 439 31(},4Jo Sign.Iture Oate 31s