an
KILLAIG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
FINANCIAL REVIEW
The congregation's main source of income is members, contributions through the Weekly Freewill
Offering. There were 32 contributors during the year (up two from 2022) donating a total of £25,755 up
from £24,783 the previous year.
Total Income of the congregation during the year wa5 £44,345, compared to £44,121 in the previous
year.
Total expenditure increased from £22,786 in 2022 to £36,893 in 2022. The increased spend was mainly
due to extensive works on the heating system for the church building.
STATEMENT OF TRUSTEE RESPONSIBILITIES
The Trustees are responsible for preparing the annual report and the financial statements of the
congregation in accordance with applicable law and generally accepted accounting practice.
As the congregations total income does not exceed £250,000, the Trustees have elected under Section
64{31 of the Charities Act (Northern Ireland) 2008 to prepare a receipts and payment account and a
statement of assets and liabilities.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the congregation's transactions and disclose with reasonable accuracy at any time its financial
position. They are also responsible for safeguarding the assets of the congregation and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Kirk Session at a meeting on 2910412024 and signed on its behalf by
[Datel
[Datel
24

an
Independent Examinerfs Report to the Kirk Session of Killaig Presbyterian Church
st
I report on the accounts of the charity for the year ended 31 December 2023 which are set out on
pages 3 to 9.
Respective responsibilities of trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
Charities Act (Northern Ireland) 2008.
It is my responsibility to:
Examine the accounts under section 65 of the Charities Act;
Follow the procedures laid down in the general direction5 given by the Charity Commission for
Northern Ireland under section 65(9)(bl of the Charities Act; and
State whether particular matters have come to my attention.
Basis of independent examiner's report
I have examined your charity accounts as required under section 65 of the Charities Act and my
examination was carried out in accordance with the general Directions given by the Charity Commission
for Norther Ireland under section 65(9)(b) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of
the accounts presented with those records. It also included consideration of any unusual items or
disclosures in the accounts and seeking explanations from you as charity trustees concerning any such
matters.
My role 15 to state whether any materials have come to my attention giving me cause to believe:
l. The accounting records were not kept in accordance with section 63 of the Charities Act
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of the Charities Act
4. That there is further information needed for a proper understanding of the accounts to be
reached.
Independent Examinerfs Statement
I have completed my examination and have no concerns in respect of the matters {1) to (4) listed above
and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have
found no matters that require drawing to your attention.
David Wright BA FCCA
29 March 2024

an
KILLAIG 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 Endowment
Fund5
Funds
Total
2023
Total
2022
Receipts
Donations and legacies
Charitable activities
Other trading activities
Investment Income
Other
32,628
7,476
4,073
40,104
4,073
40,967
3,046
132
141
108
Sale of Investments
Sale of fixed assets
Loans Received
Total Receipts
32,760
11,558
44,318
44,121
Payments
Raising funds
Charitable activities
76
17,686
499
18,632
575
36,318
429
22,357
Investment costs
Other
Purchase of Investments
Purchase of fixed assets
Loan Repayments
Total Payments
17,762
19,131
36,893
22,786
Net receipts / (payments)
Transfers between funds
14,998
-244
-7,573
-349
7,425
-593
21,335
Net movement in funds
Funds brought forward
14,754
46,219
-7,922
80,187
6,832
126,406
21,335
105,071
Fund5 carried forward
12
60,973
72,265
133,238
126,406

an
KILLAIG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2023
Unrestrirted
Funds
Restricted Endowment
Funds
Funds
Total
Funds
2023
Total
Funds
2022
Funds Reconciliation
Bank and Cash at start of year
Net movement in funds
46,219
14,754
80,187
-7,922
126,406
6,832
85,414
21,335
Bank and Cash at end of year
60,973
72,265
133,238
106,749
Bank & Cash Balances
Bank Deposit Accounts
Bank Current Accounts
Cash in Hand
19,657
113,581
19,657
106,749
133,238
126,406
Other Assets
Fixed Assets - Note 10
Church Premises
Fixtures, Fittings & Equipment
Vehicles
Investments- Note 11
Gift Aid receivable on donations
1,801,251
Incl above
1,675,581
Incl above
19,657
19,657
1,820,908 1,695,238
Liabilities
Loans
Other
Approved by the Kirk Session at a meeting on 29104/24 and signed on its behalf by
[Name] (
LQ
[Datel 29
{Date]
291,,12,

an
KILLAIG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTESTO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250,000 the congregation have elected in
accordance with the provisions 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
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Recorded giving:
Loose collections
Donations and gifts
Gift Aid
Legacies and bequest
26,959
5,669
5,868
1,608
32,827
7,277
33,330
7,637
32,628
7,476
40,104
40,967

an
KILLAIG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Income from charitable activities
Fees from weddings and funerals
Fundraising event5
Membership fees
Grants
3,773
300
3,773
300
2,746
4,073
4,073
2,746
4. OTHER TRADING AcfiviTIES
Unrestricted
Funds
Restrlcted Endowment
Funds
Funds
Total
2023
Total
2022
Letting of premises
Trading income
INVESTMENT INCOME
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
Deposit interest
General Investment Fund
Rents investment properties
Other investment income
132
141
108
132
141
108

an
KILLAIG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
31 December 2023
OTHER INCOME
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
Insurance claims
Other income
RAISING FUNDS
Unrestrirted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
FWO envelopes
Fundraising events
Special Service
76
76
499
94
335
499
76
499
575
429
CHARITABLE AcfiviTIES
Unrestricted
Funds
Restricted Endowment
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
2,521
184
6,928
8,053
2,521
184
6,928
20,635
6,050
2,037
200
6,512
6,523
6,991
12,582
6,050
17,686
18,632
36,318
22,263

an
KILLAIG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {cont'd)
31 December 2023
OTHER EXPENDITURE
Unrestrirted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
Investment properties expenses
10. FIXED ASSETS
The congregation owns the Church premises situated at 90 Killeague Rd and 50 Kinneyglass Rd,
Coleraine and the associated fixtures, fittings, plant and machinery. These have an insurance value of
£974,031 and £827,220 respectively on 31.10.23.
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
2023
2022
General Investment Fund
Repair Fund Investment
Property
Other investment5
'from 12
*from 12
38,155
19,657
38,155
19,657
57,812
57,812

an
KILLAIG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
31 December 2023
12. FUND BALANCES
Fund
Balance
at start
Receipts Payment Surplus / Transfer
{Deficit)
Balance
at end
Unrestrirted Funds
General Fund
46,219
32,760
17,762
14,754
+153
-397
60,973
46,219
32,760
17,762
14,754
-244
60,973
Restrirted Funds
Building Fund
17,195
4,811
12,420
-7,845
+32
-245
9,373
Organ Fund
3,821
30
-29
3,792
Missions and Charities
Manse Fund
4,535
4,535
+268
-268
-153
Investment Account
38,155
153
38,155
Repair Fund Investment
Sunday School
19,657
115
-115
+397
-397
19,657
Presbyterian Women
Bowling Club
578
797
1,759
300
1,876
270
-117
30
461
827
80,187
11,673
19,131
-7,961
-503
72,265
Endowment Funds
[Name of Fund]
Total
126,406
44,433
36,893
6,793
-747
133,238