an
KELLS CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND
ATEmE￿ OF FIM4NCIAL A￿1v￿lEs
For the year ended 31 December 2023
Note
Unrestrlcted
Funds
Restrlcted
Funds
Endowment
Funds
Totsl Fund5
2023
Totsl Funds
2022
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Tot31
154,812
167
18
1,519
137.425
16,495
292,237
16,662
18
2.131
805
311,853
378,800
7.040
612
805
155,337
825
612
387,285
156,516
Expenditure on:
Raising funds
Charitable activities
Total
13551
1144.8171
1145,1721
11.344
13551
1259,5201
1259,8751
Sl,978
13341
1249,7271
1250,0611
137,224
1114.7031
1144,7031
40.634
Net Incomellexpendlture)
TransFer5 between funds
Net movement in funds
132,6201
121,2761
32,620
73,254
51,978
137,224
Reconclllatlon of funds..
Total funds brought forward
Total funds carried forward
110,735
89,459
2,013.913
2.087,167
75,356
75.356
2.200,004
2,251,982
2,062,780
2,200,004
12

an
KELLS CONGREGATION OF THE PRE58YfERIAN CHURCH IN IREL4ND
BALANCE SHE
s at 31 December 2023
Note
Unre5trftted
Funds
Restrftted Endowment
Funds
Funds
Total Funds
2023
Total Fund5
2022
Flxed assets:
Tangible assets
Totsl fixed assets
li
3.047
3,047
1,782,863
L782,863
1.785,910
1.785,910
1,689,398
1,689,398
Current assets:
Debtors
Cash at bank and in hand
Total current a55ets
12
13
19,879
68.313
88,192
19,100
289.680
308.780
38,979
433,349
472,328
36,452
478,380
514,832
75,356
75,356
Liabilitie5:
Creditors.. amounts falling
due within one year
14
11,7801
14,4761
16,2561
14,2261
Net cur￿nt assets
86.412
304,304
75,356
466,072
510.606
Totsl assets less ojrrent
Ilabllltles
89,459
1087.167
75.356
2,251,982
2,21XJ,W4
Creditors.. amounts falling
due after one year
Total net assets
89.459
2.087.167
75,356
2,251,982
2,21JJ.W4
Funds of the charity
Restricted funds
Unrestricted fLJnds
Endowment funds
15
15
15
2.087,167
2,087,167
89,459
75,356
2,013,913
110,735
75,356
89.459
75,356
Total charity fvnds
89,459
2,087,167
75,356
2.251.982
2,2CiI,C04
Approved by the Kirk Session at a meeting 20 Febrvary 2024 and signed on its behalf bv..
JL
Rev WB 8oyd
Trustee
Brian Turtle
Trustee
13

an
KELLS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
l. Accounting pollcles
IS OF FINANCIAL￿ATEmENTs
The financial Statements have been prepared in accordance with applicable aCCOLJnting standards. While compliance with
Statement of Recommended Practice Accounting 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 c05t convention except for investment assets, which are
shown at market value. The financial statements include all transactions, assets, and liabilities 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 informal gatherings of church members.
FUND ACCOUNTING
Endowrnent 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 restrirted or Un￿ stricted income funds depending upon the
purpose for which the endowment was estab115hed in the first place.
Restricted funds comprise lal income from endowments which is to be expended only on the restricted purposes intended
by the donor and Ibl revenue donations or grants for a specific congregational attivity intended by the donor. Where these
funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an aver3ge ba515.
Unrestrirted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are
general fund5 set aside by the congregation for use in the futLJre.
INCOMING RESOURCES
Recognltlon of Incomln8 resources
These are included in the Statement of Financial Attivitie5 ISOFAI when..
The congregation become5 entitled to the resources.
The trustees are virtually certain they will receive the resource5', and
The monetary v31ue can be measured with sufficient reliably.
Incomlng resources with related expendlture
Where incoming resources have related expenditure las with fundraising Incornel the incoming resources and related
expenditure are reported gross in the SOFA.
Grants and donations
Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources.
Tax ￿laimS on donatlons and gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contrartual income and performance related 8rants
This is only included In the SOFA once the related good5 or services have been delivered.
Grfts in kind
Gifts in kind 3re accounted for at a reasonable estimate of their value to the charity or the amount artually realised. Gift5 in
kind for sale or distribution are included in the account5 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 resources when receivable.
14

an
KELLS CONGREGAMON OFTHE PRES8YTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS Iconydl
Donated seNices and facllities
These are only included in incorning resources (with an equivalent amount in resources expended) where the benefit to the
charitv 15 reasonably quantifiable, measurable, and material. The value placed on these resources is the estimated value to
the charity of the service or facility received.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report.
Investment Income
This is included In the accounts when receivable.
IrNestment 8alns and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market
Value at the end of the year.
EXPENDrruRE AND UA81LrriES
ability recognltion
Liabilities are recogni5ed as soon as there is a legal or constrLJttive obligation cornrnitting the congregation to pay out
resources.
Governance costs
These Include costs of the preparation and examination of statutory account5, the costs of trustee meetings and cost of anv
legal advice to trustees on governance or constitutional matters.
Tan8lble Flxed Assets
Tangible fixed assets for use by charity. These are capitalised 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 less
estimated residual value. of each a55et over It5 expected useful life as follows.
Buildings
Fixtures and equipment
-over 50 years
-15% reducing balance
DONATIONS AND LEGACIES
Unrestrftted
Funds
Restrltted Funds
End¢)wment Total Funds 2023
Funds
Total Funds
2022
Recorded giving
Loose collertions
Donations and gifts
Gift Aid
Legacies and bequest
98,560
2,319
1,811
19,597
32,525
154.812
101,033
1,086
15,955
19,325
26
137,425
199,593
3,405
17,766
38,922
32,551
292,237
181,364
3,198
85,261
36,451
72,526
378,800
15

an
KELLS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE Accoumfs Iconvdl
CHAR￿ABLE AcfiviTIES
Unrestrirted Funds
Restrftted Funds
Total Funds
2023
Total Funds
2022
Income frorn charitable activities
167
167
16.495
16.495
16,662
16,662
7,040
7,040
OTHER TRADING ACTivrriES
Unrestrlcted Funds
Restrirted
Fund5
Totsl Funds
2023
Total Fund5
2022
Fundraising events
Letting of premises
18
18
18
INVEsfMEfvrrs
Unrestrlcted Funds
Restricted
Fund5
Total Funds
2023
Total Funds
2022
Bank interest received
1,519
1.519
612
2,131
2,131
825
825
612
OTHER INCOME
Unre5trirted Funds
Restrltted Funds
Totsl Funds
2023
Total Funds
2022
Other income
805
805
612
612
ILAISING FUNDS
Unrestrfrted Funds
Restrftted Funds
Totsl Funds
2023
Total Funds
2022
FWO envelopes
355
355
355
334
334
355
16

an
KELLS CONGREGAMON OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUTrtrs Icontrdl
CHARITABLE ACTIVITES
Unrestrfrted Funds
Restritted Funds
Totsl Funds
2023
Total Funds
2022
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donations to Missions and charities
Governance cost5
13,293
655
99,646
28,827
13,293
655
99,646
101,973
41,542
2,411
259,520
11,709
581
92,966
101,813
36,349
6,309
249.727
73.146
41,542
15
114,703
2,396
144,817
EMPLOYEES
Employment Costs
2023
2022
Wages and salaries
Social Security Costs
Pension contributions
76,520
5,023
10,078
71.627
4,941
9,585
Number ofemployees
The average number of employees during the year were-.
2023
No
2022
No
Average number of employee5
10. PENSION C05rs
The minister of the congregation is a rnember 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 pays an assessment to the
Presbyterian Church in Ire13nd equivalent to the employerfs pension contribution for the Scheme and based on the Stipend
paid to the minister. The Presbyterian Church in Ireland Pension Scheme120091 15 a funded Scheme of the defined benefit
type, providing defined benefits based on career averaged revalued salary. The Scheme has 35set5 held in a separately
administered fund managed by a board of trustee5. The Presbyterian Church and the Scheme Trustees have agreed a
funding plan to ensure the Scheme is sufficiently funded to meet current and future obligations. A formal Schedule of
contributions wa5 drawn up on 25 November 2015 whereby the Presbyterian Church agreed to pay from 31 December 2015
contributions of 24% of pensionable salaries to coverthe accrual of benefits for future service, expenses. the cost of insuring
death in service benefits and funding the scheme deficit.
The contributions made by the congregation during the year were.
2023
2022
Contributions
8,941
8,516
17

an
KELLS CONGREGATtON OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO ThE Accoufvrrs IConYdJ
11. TANGIBLE FIXED ASSET5
Church
Church Hall
Church
Office
Manse
Flxtures &
Equlpment
Totsl
cosr OR VALUATION
At l January 2023
Additions
Disposals
At 31 December 2023
3,608,425
2,022,267
loo,000
5,836
5,736,528
139.495
139,495
3.6Q8,425
2.022,267
10),wJ
139.495
5.836
5,876,023
DEPRECIATION
At l January 2023
Charge for the year
Eliminated on d15posal
At 31 December 2023
3,608,425
404,453
40,446
32,OCQ
2,LX)O
2,252
537
4,047,130
42,983
3,608.425
444,899
34,C(
2,789
4,090,113
BOOKVALUE
At 31 December 2023
1,577,368
1,617,814
66.(JJl
68,000
139,495
3.047
3,584
1,785,910
1,689,398
At 31 December 2022
12. DE8TORS
2023
2022
Gift aid recoverable
38,979
38,979
36.452
36.452
13. C4SHAT BANKAND IN HAND
2023
2022
Current 8ccount
Business Investment account
Redwood Account
Sunday Zone account
Campaigners account
Kells tots account
Cash in hand
357,266
168
73,321
929
913
716
36
433.349
474.973
943
1,591
778
95
478,380
14. CREDrroRS: amourrtsfalllng due within one year
2023
2022
Other creditors
Accrua15
4,816
1,440
6.256
536
3,690
4.226
18

an
KELLS CONGREGATION OF THE PRESB￿ERIAN CHURCH IN IREL4ND
NOTES TO THE Accoufrifs Icongdl
15. FUND BALANCES
Unrestricted Funds
2023
2022
General fund
89,459
89,459
110,735
110,735
Restricted Funds
2023
2022
Mission fund
Property fund
Manse fund
preSb￿erian Women
Sunday Zone
Campaigners
Kells Tots
22,861
1,864,060
197,290
363
951
913
729
2,087,167
22.559
1,878,906
108,921
121
965
1,591
850
2,013,913
Endowment Funds
2023
2022
Bequest fund
75,356
75,356
75,356
75,356
Recondliation of movement of funds
Openin8
balan
Income
Expendlture
Trdnsfer
a051ng balance
Unrestrirted Funds
General fund
110,735
110,735
156.516
156,516
1145,1721
1145,172)
132.6201
132.6201
89.459
89.459
Restrirted Funds
Mission fund
Property fund
Manse fund
Presbyterian Women
Sunday Zone
Campaigners
Kell's Tots
22,559
1,878,906
108,921
121
965
1,591
850
2.013,913
63,625
49,582
38,169
1.814
163,2231
146,8481
iiooi
117,5801
50,2C()
loo
22,861
1,864,060
197,290
363
951
913
729
2,087,167
11.6721
1151
11,9361
11,0091
1114,7031
1,258
888
155,337
31260
Endowment Fund5
Bequests
75,356
75,356
75,356
75,356
Total
2,2(K),C
311,853
1259.875)
2,251,982
19

an
KE￿ CONGREGATtON OFTHE PREsB￿RIAN CHURCH IN IRELAND
NOTES TO THE ACCOU￿[5 {ConVdl
16. Related PartyTransattions
Rev William Brian Boyd is a Trustee and received renumeration of £37,253 12022.. E35.4791 and pension contribution5 of
£8,94112022.. £8,516) through PCI with £7.48412022.. £6,337) expenses being paid by the church.
Mrs Margaret Fowler is the wife of Mr Robin Fowler who is a Trustee, and she was paid £10,04612022.. £9,422) in respert of
her duties as caretaker during the year.
20