an KELLS CONGREGATION OFTHE PRESRIAll CHUP£H IN IRELIJ4D srATEMENfoF FINAMaALfv£TMTIES Forthevearded 31 DeTher 2024 Vnrestricted Funds Totsl Funds 2024 Total Fund5 2023 Fun¢ts Funds Income and Endowments from: Donations and legacies Charitable activities Other tradlng activities Investments Other Total 119,382 2.852 132,839 17.399 252,221 20,251 292,237 16,662 18 2,131 805 311853 876 3,179 1.704 155,121 4,055 1,704 123,110 Expendlture on: Raising funds Charitable activities Totsl 13751 1110.404 {liQ779) 12601 1118,4631 (13) 16351 1228,8671 1229,5021 13551 1249,7271 1250,0821 Net Incomel(&ypendltUfel Transfers between funds Ntt m)vem¢nt In fvnds 11331 1.440 ,891 48,729 61,771 37M38 48.729 5L978 Recandllatlon of fund5: Total funds brought forward Total funds caffled fopward 89,459 IIXi,350 2,087.167 1125,(D5 75,356 75,356 2,251,982 2.),111 2,2CKJ,004 1251,982 12
an KEUS CONGREGATION OFTHE PRESBYfERIAN CHURCH IN IRELAND A8 at 31 Decemb¢r2024 Unrestrtcted Re#rfded Enduwrrnnt Trtal Fund$ Fur Funds 2024 Total Funds 2023 Flxed osets: Tangible assets Total flxed assets li 2.S89 1,848,878 8W78 1,851,467 851,467 1,785,910 L785,910 Currert assets: Debtors Cash at bank and in hand T¢)tsl current assets 12 13 19.090 80.321 99,411 18.342 257,785 37,432 413,462 38,979 433,349 472,328 75,356 75,356 Uabllllles: Creditors.. ?mounts fallin8 due within one year 14 11.6501 {1,6501 16,2561 Net Current •ssets 97,761 276,127 449,244 466,072 Totsl assets less current Ilabllltles Q350 Z125m5 75,3S6 13C(1,711 2.251,982 Creditors.. amounts falling due after one year Total net assets I),350 1125,IJ)5 75,356 2.3Th),711 2,251,982 Funds ofthe ollrlty Restrirted funds Unrestrlcted funds Endowment funds 15 15 15 1125,CQ5 2,125,¢J)5 100,350 75,3 2,087,167 89,459 75,356 100,350 75,356 Total charltyfvnds IIX1.350 I5,(KIS 75,356 13LXI.711 2,25L982 Approved bythe Kirk Session at a meeting IS April 2025 and signed on its behalf by. Mr 5am &bson Trustee Mr an Turtle 13
Presbyter an KELLS CONGREGATION OFTHE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 I, A¢untIng polldes BAqS OF HNANQALATEMENTs The financial statements have been prepad in ¥cordance with applicable accountin8 Standards. While compliance with Statement of Recommended Practice Accounting and Reporting by Charities IFRS1021 is not mandatory account of the guldance contained therein has been taken in the preparation of these accounts. The financial statements have been prepared underthe historical cost convention except for investfflent assets, which are shown at market value. The financial statements incIJe all tran5artions, assets. and liabilities for which the congregation is responsible in law. They do not include the accounts of church gfOUPS that owe their affi'liaiion to another body, nor those that are inforrnal gatherin85 of church members. FUND AccouMnNG Eftdowment funds are funds, the capital of whith must be retained either perrnanently or èt the congregation's discretion,- the income derived from the endowment is to be used erfcher as restricted or unrestricted income funds dependin8 upon the purpose for which the endowment was established in the first place. Restritted funds wmprise lal income from endowments which is to be expended only on the restritted purposes intended by the donor and Ibl revenue donatic5 or 8rants for a specipic congregational activity intended by the d¢)nor. Where these funds have unspent balance& InteSt ¢Jn their p)oted investment Is apportioned to the individual fund5 On an average basis. Unrestricted fund5 are incorne funds whlch are to be spent t)n the congregation'$8eneral purposes. Oesignated funds are general funds set aside bythe congregation for use in the futu. INCOMING RESOURCES R•c(enltlon of Incomln8 restyjrces These are included in the Statement of Financial Activities ISOFAI when: The congregation becomes entitled to the resources. The trustees are virtually certain they will receive the resources: and The monetary value can be measured with suffioent reliably. Incornl resourctSTtth rel•ted expendlttsre Where Incoming resources have related expendItU {as with fundraisin8 income) t incoming resources and related eypenditure are reported gross in the SOF Grants and donlons Grants and donations are only included in the SoFAwhen the c(weBation has unwnditional ertitlement to the resources. Tax rodalrns on donatlLTh and Ofts Incoming resources from tax reclaims are included in the SOFA at the same time as the grft to which they ielate. Contrartual Income and perf0MMn related8rants This is only Included in the SOFA the lated good5 Qr serVIS have been delivered. Gffts In klnd Gifts in kind are ac¢ounted for at a reasonable estimate of their Value to the charity or the amount attually realised. Gifts in kind for sale or distribution are included in the accounts asgifts only when sold or distributed by the charity. Gits in kind ft)r use bythe charity are included in the SOFA as incoming resour when receivable. 14
an KELLS CONGREGATION OFTHE PREsBYfERIAN CHURCH IN IRELAND NtyfESTOTHE ACCOUNTS (Crfd) Donated ser¥tces and fxlllties These are only included in Incomi resource5 {th an equivalent amjftt in reSoUrS expendedl where the benefit to the charity Is reasonably quantrfiable, measurable, and rnaterial. The value placed on these resources is the e5tirnated value to the charity of the servtce Of facilrty received. Volunteer help The value of any voluntary help ceiVed is not inclvded in the accounts but is descrTbed in the trusteeg annual report. In¥estmert Income This is included In the accounts when receivable. Investmentgalnsand losses Thls includes anygain or loss on the sale of Investments and anygain or loss ultIng from revaluing investments to market value at the end of the year. EXPENDrruRE AND UABILrriES Uabllity recc6nltl¢ Liabilities are reco8ni5ed as soon as the is a legal or ¢onstructive obligation committing the eongregation to out resources. G(wman¢e ¢ts These include costs of the pieparatioft and examination of statutory acCnts. the costs of trustee meetln8s and cost of any le8al advice to trustees on governance or consts'tutional matters. Tarqlbl• Flxed A%s•ts Tangible fixed assets for use by charity. These are capitalised if they can be used for more than one year and cost at least £5,0(XJ. They are valued at cost or. if gifted, at the valve to the charrty on re¢eipt. Depreciation is recorded on all tanglble fixed assets other than freehold land, at rates calculated towrite of the cost less estimated residual value, of each asset over its experted useful life as follows. Buildings Fixtufes and equipment -cwer 50 years -15% reducing balance DOM4TIONSANO LE(uaES Endowmert YO Funds 2024 Furtds Totsl Funds 2023 Fur Recorded giving Loose collections Donations and gifts Gift Aid LeEacies and bequest 96.114 3,421 805 19,042 94.565 3.318 15.302 19,654 I,679 6.739 16,107 38,696 199.593 3,405 17,766 38,922 32,551 292,237 119,382 I3139 252,221 15
an KELLS CONGREGATION OFTrIE PREsBYfERIAN ¢>IURCH IN IRELAND NOTESTOTHEAccouTrifs (C(rfd) Total Funds 2024 Total Funds 2023 Income from charftable activities 2,852 2,852 17.399 17,399 20,251 20,251 16.662 16,662 OThER TK4DINGKTMTIES Unfestrt Funds Restrfrted Funds T(tsl Funds 2024 Totsl Funds 2023 Letting of premises 18 18 INVEsfMENTS Unrertrfrted Fun Total Fund5 2024 Total Funds 2023 FuThls Bank interest recelved 876 876 3,179 3.179 4.055 4,055 2,131 2,131 & OThER INCOME Unrestrlcted Furth ReStrttt Funds Total Funds 2024 T¢)tsl Funds 2023 Other Income Grant income 504 1,2fX) 1,704 805 1.211) 1,704 805 7. PAI&NG FUNDS Unrestrfttqd Funds Re#rf¢led Funds Totsl Funds 2024 Total Funds 2023 FWO envelopes 375 375 260 260 635 355 355 16
an KELLS CONGREGATION OFThE PRESBYTERIAN CHURCH 14 IREL4ND NOTESTO THEACCOUNTS (Coned) & CHARrrABLE AcnvrrES Unrestrlcted Funds Re5tdrted Furn1$ Tokl Funds 2024 Total Funds 2023 6enerèl Assembly A5ses5mentS Presbytery fees Ministry and support staff Costs Congregational running èxpenses Donations to Missions 3nd ch3rities Governance costs 11,339 11,339 484 67,454 113,024 33,376 3,190 228,867 13,293 655 99,646 101.973 41,542 2,411 259,520 67,454 27.988 85.036 33,376 51 Its.463 3.139 IiOA04 EMPLOYEES Employment Costs 2024 2023 Wages and salaries Social Security Cost5 Pension contributions 50,655 877 76,520 5,023 10,078 2,979 Numberofemployees The average nurnber of employees during the year were: 2024 No 2023 No Average number of employees There were no employees in CeIpt of employee benefits in excess of £60.¢X#). The minister of the ¢on8regation Is employed by the Presbyterian (hurch in Ireland which 15 a Separate charity but his salary is included in employee costs abovè. The congreEation pay5 an assessmertt to the Presbyierian Church in Ireland ts the minister. The following payrnents were mje during the year.. 2024 2023 Wages and salaries Social Security Costs Pension contributions 6,519 738 1,565 37.253 4,226 8,941 17
an KELLS CONGREGATION OFTHE PftESBYfERIAN OIURCH IN IIIELAND NOTESTO THE ACCOUNTS (Contd) IQ pEoN COSTS The minister of the corregatI¢I 15 a member of the presbyteri Churth in Ireland Pension Scheme12LX19). This is a scheme operated bythe Presbytertan Church in Ireland, a separate registered charity. The congregation pays an assessment to the Presbyterian Church in Ireland equivalent to the employerfs pension contribution for the Scheme and based on the strpend paid to the minister. The Presbyterian Church in Ireland Pension Scheme120091 is a funded Scheme of the defined benefit type, providing defined benefits based on career averaged reval salary. The Scheme has assets held in a separately adrninistered fund managed by a board of trustees. The Presbytenan Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme IS SLrfftciently funded to meet cunt and future ObltIons. A formal schedule of contributions was drawn up on 25 November 2015 whereby the Presbytefian Church agreed to pay from 31 Decernl)er 2015 contributions OF 24% of pensionable salaries to cover the accrual of benefits for futu service, expenses, the cost of Insuring death in service benefits and funding the scheme defiut. The contribution5 made by the congregation during the yearwere. 2024 2023 Contributions 1,565 8,941 11. TANGIBLE FIXED ASSETS Churth Churth Hall Churth Manse Flxture5 & Equlpment Total cosr OR VAWATION At l January 2024 Additions Disposals At 31 Decernber 2024 3.fJ)8,425 2,022,267 I,C((j 139,495 108,460 5,836 5,876,023 108,460 3.,425 1021267 IIK).IJJ) 247955 5,836 5,984,483 DEPRECIATION At I lanijary 2024 Charge for the year Elirninated on disposal At 31 December 2024 3,608,425 444,899 40,445 2,789 458 4,090,113 42,903 3,25 485,344 36,LlXI 3.247 4.133.016 NBOOKVALUE At 31 December 2024 L536,923 1,577,368 64rxxi 247,955 66.OC() 139.495 L85L467 1,785.910 At 31 Dember 2023 3,047 12. DEBTORS Gift aid recoverable 37,432 37,432 38.979 18
an KELLS CONGREGAMON OFThE PRESBYfERIAN CHURCH IN IRELAND NcyfESTO ThE AccouKfs (Corfdl 13. CASH AT BANKAND IN HANO Current account Business Investment account Redwood Account Sunday Zone account Campaigners account Kells tots account Cash in hand 332,711 171 76,483 696 2,479 860 62 413,462 357.266 168 73,321 929 913 716 36 433.349 14. CREorrops: amountsf4111n8 dueIn *)nei 2024 2023 Other creditor5 Ac¢ruals 210 1,440 L650 4,816 1,440 6,256 15. FUND &4LANCES o) unr¢5trkt Funds 2023 General fund l(X.350 lQ),350 89,459 89,459 2024 2023 Mission fund Property fund Manse fund Pre5byrerian Wornen SLFnday Zone Campaigners Kells Tot5 19,993 1,825,817 274.643 456 717 2.478 901 1125m5 22,861 1,864,060 197,290 363 951 913 729 2,087,167 En¢l¢ywmert Funds 2024 2023 Bequestfund 75,356 75,356 75,356 75,356 19
an KELLS CONGREGATION OFTHE PftEsBYfERIAN CHURCH IN IRELAND NOTESTO THE Accoupifs Icryrfd) Recondlwtlon of rnthmert of funds Openlr balance Income Expendire Trnnrfer Oon6 balance Unrestrlcted Fur$ Gener31 ftjnd 89,459 89,459 123.110 123,110 1110,779} 1110 779) 11.4401 100.350 IIX),350 Mission fund Property fund Manse fund Presbyterian Women Sunday Zone Carnpaigners Kell's Tots 22,861 1,864.060 197,2 363 9SI 913 729 1087,167 53,081 50.9C6 45.213 1.754 18S 2,999 983 155,121 155.5891 158.5491 1260 11,6611 {4191 11,4341 18111 (l.n3> 13601 130.6001 32,4Q) 19.993 1,825,817 274,643 456 717 2,478 901 1125,11)5 Endtrrrtnt Funds Bequests 75,356 75.356 7S,356 75,356 Totsl 2,25L982 278.231 (2295021 I3.711 l& Related PartyTrarsa(Ilons Rev William Brian Boyd was a Trustee unlil Febrry 2024 and received renumeration until his retirement of E6,51912023: £37,2531 ènd pension contributions of £l.56512023'. £8.9411 through PCI with £1,31112023.. £7.4841 expenses being paid by the church. Mrs Margaret Fowler isthe wfe of Mr Robin Ftser who is a Trustee. and she was paid £10,74212023- £10,046) in $pett of her duties as caretaker during the year. Mrs Joanne Hughes is the wife of Mr John Hughes who is a Trustee, and she was paid £1,74512023: £1,590) in respect of her duties as Worship Leader during the year. Mr Mervyn McKay Is a brother of Mr Alastair McKay who is a Trustee and he was paid £13.512 in respett of work carried out at our new manse. Jonathan McKay is a son of Mr Alastair McKay and he was paMI £1,325 in pert of work carried out at our new manse. 20