an
KELLS CONGREGATION OFTHE PRESB￿ERIAN CHURCH IN IRELAND
ATEmETr￿ OF FIMANCIALAcrivrriES
Forthe year ended 31 December 2022
Note
Unrestrlrted
Funds
Restrirted
Funds
Endowment
Funds
Totsl Funds
2022
Totsl Funds
2021
Income and Endowments from:
Donations and legacies
Charitable activities
Othertrading activities
Investments
Other
Total
110,487
I96,￿2
7.040
72,311
378,800
7,040
223,433
1,278
822
825
612
387,285
668
6,151
231,538
612
203,657
111,317
72,311
Expenditure on:
Raising funds
Charitable attivities
Total
13341
1142,8341
1143,1681
131,8511
13341
1249,7271
1250,0611
137.224
412
203.443
203,855
27,683
1106,8931
1106,8931
96,764
72,311
Net Incomellexpenditure)
Transfers between funds
Net movement in funds
11501
132,COII
150
96,914
72,311
137,224
27,683
Recondllation of funds:
Total funds brought forward
Total funds carried forward
142.736
110.735
1.916,999
2,013,913
3,045
75,356
2,062,780
2,200,004
2,035,097
2,062,780
12

an
KELLS CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND
BALANCE SHEEr
A5 at 31 De￿mber 2022
Note Unre5trlcted
Funds
Restricted Endowment
Funds
Fund5
Total Funds
2022
Total Funds
2021
Flxed assets:
Tangible assets
Totsl fixed assets
li
3.584
3,584
1,685,814
1.685.814
1,689,398
1,689,398
1,732,476
1,732,476
Current assets".
Debtors
Cash at bank and in hand
Total current assets
12
13
18,591
90,0(K)
108,591
17,861
313,024
330,885
36,452
478,380
514.832
30,664
300,840
331,504
75,356
75,356
Llabilities,.
Creditors.. amounts falling
due within one year
14
11,4401
12.7861
14.2261
11,2001
Net current assets
107,151
328,099
75,356
$10,606
330,304
Total assets le$5 current
liabllltles
110,735
2,013,913
75,356
21)J,004
2,062.780
Creditors.. amounts falling
due after one year
Total net assets
110.735
2,013,913
75,356
2,2￿.(x)4
2.061780
Funds of the cha
Restricted funds
Unrestricted funds
Endowment funds
15
15
15
2,013,913
2,013,913
110,735
75,356
1,916,999
142,736
3,045
110,735
75,356
Totsl tharityfvnds
110,735
2.013,913
75,356
2,21)),CQ4
1062.780
Approved by the Kirk Se55ion at a meeting on 16 May 2023 and signed on its behalf by:
Rev W8 Boyd
Trustee
Brian Turtle
Trustee
13

an
KELLS CONGREGAMON OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 De￿rnber 2022
l. A¢countin8 polldes
BASIS OF FINANCIAL sfATEMEMrs
The financial statements have been prepared in accordance with applicable accounting standards. While compliance wfch
Statement of Recommended Practice AccoLJnting and Reporting by Charities IFRS1021 is not mandatory account of the
guidance contained therein has been taken in the preparation of these accounts.
The financial statements have been prepared under the historical cost convention exTrpt for investment assets, which are
shown at market value. The financial statements include all transattion5. asset5. and liabilitie5 for which the congregation is
responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those
that are inform31 gatherings of church members.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's di5cretion.'
the income derived from the endowment is to be used either as restrirted or unrestricted income funds depending upon the
purpose for which the endowment was established in the first place.
Restritted funds comprise lal income from endowrnents which is to be expended only on the restritted purposes intended
by the donor and Ibl revenue donations or grants for a specific congregational activity intended by the donor. Where these
funds have unspent balance5, interest on their pooled investment is apportioned to the individual funds on an average 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.
INCOMING RESOURCES
Re¢wition of Incomlng resources
These are included in the Statement of Financial Activities1SoFAI when..
The congregation becomes entitled to the resources.
The trustee5 are virtually certain they will receive the re50urce5,' and
The monetary value can be measured with sufficient reliably.
Incomlng resources wlth ￿l￿ed expendltu
Where incoming re50urce5 have related expenditure la5 Wlth fundraising income) the incoming resources and related
expenditu￿ are reported gross in the SOFA.
Grants and donatlons
Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resource5.
Tay reclalms on donatlons and ffts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contrartual incorne and perfomiance related grants
This is only included in the SOFA On￿ the related goods or servi￿5 have been delivered.
Gffts In klnd
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually reali5ed. Gifts in
kind for Sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for
use by the charity are included in the SOFA as incoming resource5 when receivable.
14

an
KELLS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTESTO THE Accoufrrrs {ConYdl
Donated services and fadlitle5
These are only included in incoming resources (with an equivalent amount in re50urce5 expended) where the benefit to the
charity 15 reasonably quantifiable, measurable, and material. The value placed on these resources is the estimated valLJe to
the charity of the service or facility received.
Vdunteer help
The value of any voluntary help received 15 not included in the accounts but 15 described in the trustees, annual report.
Investment Income
This is Included in the accounts when receivable.
Inve5tmertgalns and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting frorn revaluing investments to market
value at the end of the year.
EXPENDITURE AND LIABILrriES
ability ￿t{¥&nItI()n
abilitie5 are recognised as soon as there is a legal or construttive obligation committing the congregation to pay out
resources.
These Include costs of the preparation and examination of statutory accounts, the costs of trLJStee meetings and cost of anv
legal advice to trustees on governance or constitutional matters.
Tanglble Flxed Assets
Tangible fixed assets for use by charity. These are capitali5ed if they can be used for more than one year and cost at least
£5,000. They are valued at cost or, if gifted. at the value to the charity on receipt.
Depreciation is recorded on all tangible fixed assets other than freehold land, at rates calculated to write of the cost le55
estimated residual value, of each asset over it5 expected useful life as follows.
Buildings
Fixtures and equipment
-over 50 years
-15% reducing balance
DONATIONSAND LEGACIES
Unrestricted
Funds
Restrltted Funds
Endowment
Fun(ts
Totsl Fur￿5 2022
Total Fund5
2021
Recorded giving
L005e collections
Donations and gift5
Gift Aid
Legacies and bequest
89,169
2,398
330
18,590
92,195
800
84,931
17,861
215
196.LK12
181,364
3,198
85,261
36,451
72,526
378.8Cil
156,466
1,859
4.042
30.664
30,402
223,433
72,311
72,311
110,487
15

an
KELLS CONGREGATION OFTHE PRES8YfERIAN CHURCH IN IRELAND
NOTESTO THE ACCOUNTS Iconydl
CHAR￿ABLE AcfiviTIES
Unrestricted Funds
Re5trf¢ted Funds
Totsl Funds
2022
Total Fund5
2021
Income from charitable activities
7,040
1,278
1,278
OTHER TRADING AcrN￿lEs
Unrestritted Funds
Restritted
Funds
Total Funds
2022
Total Funds
2021
Fundraising events
Letting of premises
INVEsfMEKfs
Unrestrfcted Funds
Restrfrted
Funds
Total Furkds
2022
Total Funds
2021
Bank interest received
822
825
825
668
668
822
OTHER INCOME
Unrestrfcted Funds
Restrftted Funds
Total Funds
2022
Total Fund5
2021
Other income
Coronavirus lob Retention Scheme
612
612
30
6.121
6,151
612
612
RAISING FUNDS
Unrestrfrted Funds
Restrtcted Funds
Total Funds
2022
Total Fund5
2021
FWO envelopes
334
334
334
334
412
412
16

an
KELLS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IREL4ND
NOTESTO THE ACCOUNTS ICon¥d}
cHAR￿A￿LE AcrivrrES
Unrestrtcted Funds
Restrlrted Funds
Total Funds
2022
Total Funds
2021
General ￿semblY Assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donation5 to Missions and charities
Governance costs
11,709
581
92,966
35,732
11,709
581
92,966
101,813
36,349
6,309
249,727
19.342
594
78,154
74,000
29,870
1,483
203,443
66,081
36,349
4,463
106,893
1,846
142,834
EMPLOYEES
Employment Costs
2022
2021
Wages and salaries
Social Security Costs
Pension contributions
71,627
4,941
9.585
66,923
9.201
Number of employees
The average number of employees during the year were..
2022
No
2021
No
Average number of employees
10. PENSION C05tS
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme120091. This is a scheme
operated by the Presbyterian Church in Ireland. a separate registered charity. The congregation pay5 an as5e55ment to the
Presbyterian Church in Ireland equivalent to the employerfs pension contribution for the Scheme and based on the stipend
paid to the minister. The Presbyterian Church In Ireland Pension Scheme12009115 a funded Scheme of the defined benefit
type, providing defined benefit5 based on career averaged revalued salary. The Scheme has asset5 held in a separatelv
administered fund managed by 8 board of trustees. The Presbyterian Church and the Scherne TrLJStees have agreed a
funding plan to ensure the Scheme is Sufficiently funded to meet current and future obligations. A formal schedule of
contributions was drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015
contributions of 24% of pensionable salaries to cover the accrual of benefit5 for future Service, expenses, the cost of insuring
death in service benefits and funding the scheme deficit.
The contribution5 made bythe congregation during the year were.
2022
2021
Contributions
8,516
8,328
17

an
KELLS CONGREGATION OF THE PRES8YfERIAN CHURCH IN IRELAND
NOTES TO THE AccouKfs {ConVdl
11. TANGIBLE FIXED ASSErs
Church
Church Hall Church Offlce
Fixtures &
Equipment
Total
cosr OR VALUATION
At l January 2022
Additions
Disposals
At 31 December 2022
3,608,425
2,022,267
loo,000
5,836
5,736,528
3,608,425
2.022.267
ioJ,c(o
5,836
5,736.528
DEPREaATION
At l January 2022
Charge for the year
Eliminated on disposal
At 31 December 2022
3.608,425
364,W8
40,445
30,000
1,619
633
4.004,052
43,078
3,608,425
404.453
32,iJY)
2.252
4,047,130
8ts)K VALUE
At 31 December 2022
1,617,814
1,658,259
3.584
4,217
1,689,398
1,732,476
At 310ecember 2021
70,000
12. DEBTORS
2022
2021
Gift aid recoverable
36.452
36,452
30,664
30,664
13. ￿$H ATBANKAND IN HAND
2022
2021
Current account
Presbyterian Women account
Sunday Zone account
Campaigner5 account
Kells tots account
Cash in hand
474,973
295,547
995
1,342
1,950
881
125
3LKI,840
943
1,591
778
95
478,380
14. CREDrroRS: amountsfalllng due withln one year
2022
2021
Other creditors
Accruals
536
3,690
4,226
1,200
1.2(X)
18

an
KELLS CONGREGATION OF ThE PRESBYfERIAN CHURCH IN IRELAND
NOTESTO THE AccouTr¥fs {ConYd}
15. FUND BALANCES
Unrestrlcted Funds
2022
2021
General fund
110,735
110,735
142,736
142,736
Restrirted Fund5
2022
2021
Mission fund
Property fund
Manse fund
Presbyterian Women
Sunday Zone
Campaigners
Kells Tots
22,559
1.878,906
108,921
121
965
1,591
850
2,013,913
32,847
1,878,858
994
1,452
1,950
898
1,916,999
Endowment Funds
2022
2021
Bequest fund
75,356
75,356
3,045
3,045
(lvl
Reconclllation of movemert of funds
Openlng
balan
Income
Expendlture
Transfer
aosln8 balance
Unrestrfcted Fund$
General fund
142,736
142,736
111,317
111,317
1143,1681
1143.1681
11501
11501
110,735
110.735
Restrlrted Funds
Mission fund
Property fund
Manse fund
Presbyterian Wornen
Sunday Zone
Campaigners
Kell'5 Tots
32,847
1,878,858
35,319
47,875
117,717
1,077
145,6071
147,7221
19,0511
11,9501
14881
11,2901
17851
1106.8931
22,559
1,878.906
108,921
121
965
1,591
850
2,013.913
11051
255
994
1.452
1.950
898
1.916,999
931
737
203,657
150
Endowmert Funds
Bequests
3,045
3,045
72,311
71311
75,356
75,356
Total
2,062,780
387,285
1250.0611
2,21J).CQ4
19

an
KELLS CONGREGATION OF ThE PRESBYfERIAN CHURCH IN IREL4ND
NOTESTO THE ACCOUNTS {ConYd)
16. Related PartyTransactions
Rev William Brian Boyd is a Trustee and ￿ ceived renumeration of £35,47912021.. £34,698) and pension contributions of
£8,51612021= £8,328) through PCI with £6,33712021.. £5,771) expenses being paid by the church.
Mrs Margaret Fowler 15 the wife of Mr Robin Fowler who 15 3 Trustee, and she wa5 paid £9.42212021.- £9,019) in respecr of
her duties as caretaker during the year.
20