an
KELLS CONGREGATION OFTHE PRES￿RIAll CHUP£H IN IRELIJ4D
srATEMENfoF FINAMaALfv£TMTIES
Forthevear￿ded 31 De￿Th*er 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
(1￿￿3)
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
I￿5,(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 HNANQAL￿ATEMENTs
The financial statements have been prepa￿d 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 incI￿Je 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 donatic￿5 or 8rants for a specipic congregational activity intended by the d¢)nor. Where these
funds have unspent balance& Inte￿St ¢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￿ resourctST*tth 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 don*lons
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 serVI￿S 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 am￿jftt in reSoUr￿S 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 acC￿nts. 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
I31￿39
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 m￿je 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 pE￿oN COSTS
The minister of the cor￿regatI¢￿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 cu￿nt and future Obl￿￿tIons. 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
N￿BOOKVALUE
At 31 December 2024
L536,923
1,577,368
64rxxi 247,955
66.OC()
139.495
L85L467
1,785.910
At 31 De￿mber 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 due￿In *)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 rnth*mert of funds
Openlr
balance
Income
Expendi￿re
Trnnrfer
Oo￿n6 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
Endtr*rrtnt 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 Febr￿ry 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 Fts￿er 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