SECOND KILREA CONGREGATION OF THE PRESBYfERIAN CHURCH
IN IRELAND
Trustees Annual Report and Financial Statements
for the year ended 31 December 2023
Registered Charity in Northern Ireland {NIC105319)

SECOND KILREA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account)
for the year ended 31 December 2023
Note
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Receipts
Donations and legacies
Cliaritable activitie5
Other trading activities
Investment Income
25,861
11,259
685
6,721
2,690
37,120
685
8,015
3,275
37,253
20
6,718
1,835
1,294
585
Sale of Investments
Sale of fixed assets
Loans Received
Total Receipts
27,740
21,355
49,095
45.826
Payments
Raising Funds
Charttable activities
Other
206
28,931
206
39,247
2,055
211
39,135
9,960
10,316
2,055
Total Payments
29,137
12,371
41,508
49,306
Net receipts / (payments)
Transfers between funds
(1,397)
12,204
8,984
(12,204)
7.587
(3,480)
Net movement in funds
Fund5 brought forward
10,807
130,150
(3.220)
122.812
7,587
(3,480)
252.962 256,442
Funds carried forward
li
140,957
119,592
260,549
252,962
11

SECOND KILREA CONGREGATION OF THE PRE5B￿ERIAN CHURCH IN IRELAND
STATEMEN- OF ASSEfs AND LIABIUTIES
As at 31 December 2023
Unre5trirted
Funds
Restricted Endowment Total Funds Total Funds
Funds
Funds
2023
2022
Funds Reconciliation
Bank and Cash at start of year
Net movement in funds
130,150
10,807
122,812
13,220)
252,962
7,587
256,442
{3,480)
Bank and Cash at end of year
140,957
119,592
260,549
252,962
Bank & Cash Balances
Bank Deposit Accounts
Bank Current Accounts
174,717
85,832
170,055
82,907
260,549
252,962
Other Assets
Fixed Assets- Note 9
Church Premises
1,687,000
1,687,000
Fixtures, Fittings &
Equipment
Vehicles
Investments- Note 10
33,853
33,853
Gift Aid receivable on
donations
1,720,853
1,720,853
Liabilities
(N/A)
(N/AI
Approved by the Kirk Session at a
etin
'G l kn andsignedon ttsbehalfby
John Mcllrath
Alastair Rowe
Date:
Date:
12

SECOND KILREA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIE5
BASIS OF FINANCIAL STATEMENTS
A5 the total income of the congregation is less than £250,000 the congregation have elected in
accordance with the provision5 in The Charities (Accounts and Reports Regulations (Northern Ireland)
2015 to prepare its accounts on a receipts and payments basis.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or at the
congregation's discretion; the income derived from the endowment is to be used either as restricted
or unrestricted income funds depending upon the purpose for which the endowment was established
in the first place.
Restricted funds comprise (al income from endowments which is to be expended only on the
restricted purposes intended by the donor and (b} revenue donations or grants for a specific
congregational activity intended by the donor. Where these funds have unspent balances, interest on
their pooled investment is apportioned to the individual funds on an average balance basis.
Unrestricted funds are income funds which are to be spent on the congregation's general purposes.
Designated funds are general funds set aside by the congregation for use in the future.
DONATIONS AND LEGACIES
Unrestrirted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
Recorded giving:
Free Will Offering
L005e Collections
Donations and gifts
Gift Aid
14,988
6,479
14.988
7,934
9,070
5,128
15,212
7,589
10,043
4,409
1,455
9,070
734
4,394
25,861
11,259
37,120
37,253
13

SECOND KILREA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
CHARITABLE AcfiviTIES
Unrestricted
Funds
Restrirted
Funds
Endowment
Funds
Total
2023
Total
2022
Income from charitable activities
Fees from weddings and funerals
Fundraising events
Membership fees
Grants
685
685
20
685
685
20
OTHER TRADING AcfiviTIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
ZD22
Letting of premises
Trading Income
694
600
6,694
27
7,388
627
6,693
25
1,294
6,721
8,015
6,718
INVESTMENT INCOME
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Bank interest
General Investment Fund
Rents investment properties
Other investment income
585
1,427
2,012
554
1,263
1,263
1,281
585
2,690
3,275
1,835
14

SECOND KILREA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
31 December 2023
RAISING FUNDS
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
FWO envelopes
Church BBQ
206
206
211
206
206
211
CHARITABLE AcfiviTIES
Unrestrirted Restricted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donations to Missions and charities
Governance costs
1,374
151
11,187
10,526
3,863
1,830
1,374
151
11,187
13,575
11,130
1,830
1,668
139
10,062
8,832
16,634
1,800
3,049
7,267
28,931
10,316
39,247
39,135
15

SECOND KILREA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
31 December 2023
OTHER EXPENDITURE
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Tot31
2022
Investment pioperties expenses
2,055
2,055
9,960
2.055
2.055
9,960
FIXED A55ETS
I he congregation owns the Church and hall premises situated at 69 Maghera Street, Kilrea, Co.
Londonderry BT515QL, the Manse, outbuildings and land situated at 40 Blackrock Road, Kilrea, Co.
Londonderry BT515XH, along with associated fixtures, fittings, plant and equipment. These currently
have an insurance value of £1,294,000 and £393,000 at last renewal date.
10. INVESTMENTS
The congregation has the following invegtments. Amounts are shown at market valuation.
2023
2022
General Investment Fund
15,541
15,541
Other Investment5
18,312
18,312
33,853
33,853
16

SECOND KILREA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'dl
31 December 2023
11. FUND BALANCES
Fund
Balance
at start
Receipts Payment Surplus / Transfer Balance at
(Deficit)
end
Unrestricted Funds
Danske Bank No l a/c
First Trust a/c
Progressive Building Society
Danske Bank Kennedy Adams Inv.
77,758
26,672
29,137
12,465)
2,563
77,856
52,391
312
756
312
52,703
10,397
9,641
130,150
27,740
29,137
(1,397)
12,204
140,957
Restricted Funds
Danske Bank No 2 a/c (Property)
Danske Bank Deposit (Prop)
Danske Bank Deposit (Prop)
First Trust Bank Deposit (Prop)
Danske Bank Dep051t IDividends}
Danske Bank Manse Rental
Dan5ke Bank Kennedy Adams Trust
Danske Bank Sunday School
Danske Bank PW
Danske Bank PW Catering
United Appeal IDB No l a/cl
WDA IDB No l a/c)
Sunday School {DB No l a/cl
Children's Society IDB No l a/c)
Friendship Group IDB No l a/c}
Turkey Earth. Appeal IDB No l a/c)
Mums & Tots {DB No l a/cl
Kilrea District LOL
4,713
11,662
J4.11112
25,703
27,185
6,381
8.411
815
1,148
1,477
3,835
29
471
463
1,610
6,108
700
376
1, 103
2,132
1,703
29
471
463
1,610
4,053
682
(594)
759
7,175
11,691
35,353
26,166
24,890
10,434
(3,905}
2,055
18
970
1,101
(9,093)
239
1,472
151 (1,472}
460
2,622
2,849
353
204
505
257
1,660
196
636
2,849
353
264
264
204
(204}
505
17
1,660
270
436
120
240
360
51
(74)
200
1231
200
122,812
21,355
12,371
8,984 {12,204)
119,592
Total Cash Funds
252 962
260 549
17

SECOND KILREA CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2023
11. FUND BALANCES (convd)
Balance
at start
Receipts Payment Surplus/ Transfer
Deficit
Balance
at end
Total Cash Funds fiNd
252,962
49,095
41,508
7,587
260,549
Investment Funds
PCI Gen Investment Fund
4.25% Treasury Stock
11,790
18,023
323
659
323
659
(323)
{659)
11,790
18,023
Endowment Fund5
PCI Gen Investment Fund
4.25% Treasury Stock
3,751
289
162
119
162
119
(162)
(119)
3,751
289
33,853
1,263
1,263
(1,263)
33,853
Total
286,815
50,358
41,508
8,850
(1,263)
294,402
18