an KILL41G CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering. There were 32 contributors durin8 the year15imilar to 20241 donating a total of £29.873 up from £29,016 the previous year. Total Income of the congregation during the year was £65,239 compared to £57,517 in the previous year. Total expenditure decreased from £54,274 in 2024 to £44,770 in 2025. STATEMENf 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 Charitie5 Act (Northern Ireland) 2008 to prepare a receipts and payment account and a statement of a55ets 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 takin8 reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Kirk Session at a meeting on 1910112026 and si8ned on its behalf by IName] Cg<' IDatel INamel [Datel 01
an Independent Examinerfs Report to the Klrk Session of Killaig Presbyterian Church I report on the accounts of the charity forthe year ended 31, December 2025 which are set out on pages 3 to 9. Respertlve responslbllitles of trustees and examlner 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 directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. and State whether particular matters have come to my attention. Basis of independent examinerfs 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 6519llbl of the Charitles 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 is 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 matters111 to141 listed above and, in connection with following the Dirertions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. David Wright BA FCCA 19 March 2026
an KILLAIG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2025 Note Unrestrirted Funds Restrlrted Endowment Funds Funds Total 2025 Total 2024 Recelpts Donations and legacies Charitable activities Other trading activities Investment Income Other 37.102 16,038 7,247 650 2,609 282 53,140 7,247 924 2.774 556 46,822 7,259 750 2,197 1,179 274 165 Sale of Investments Sale of fixed assets Loans Received Total Receipt5 37,541 26,826 64,367 58,207 Payments Raising funds Charitable activities 88 33,458 85 11,139 173 44,597 76 54,198 Investment costs Other Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 33,546 11,224 44,770 54,274 Net receipts / Ipayrnentsl Transfers between funds 3,995 1.005 15,602 -1,005 19,597 3,933 -690 Net movement in funds Funds brought forward 5.000 63,700 14,597 72,782 19,597 136,482 3,243 133,239 Funds carried forward 12 68,700 87,379 156,079 136,482
an KILLAIG CONGREGATION OF THE PRESBYTERIAN CHURCH IN IREL4ND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2025 Unrestricted Funds Restrlrted Endowment Funds Funds Total Funds 2025 Total Funds 2024 Funds Reconcillatlon Bank and Cash at start of year Net movement in funds 63,700 5,OlX) 72,782 14.597 136,482 19,597 133,239 3,243 Bank and Cash at end of year 68,700 87,379 156,079 136,482 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 57,928 93,372 57,812 78,670 151,300 136,482 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Investments- Note 11 Gift Aid receivable on donations 1,891,312 Incl above 1,891,312 Incl above 57,928 57,812 1,949,240 1,949,124 Liabilities Loans Other Approved by the Kirk Session at a meeting on 1910112b and signed on its behalf bv INamel J tQ,& IDatel 141,,2 2 IDatel
an KILLAIG CONGREGATION OF THE PRES8YfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2025 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected in accordance wlth 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 Ibl revenue donations or grants for a specific congregational artivity 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 Endowment Funds Funds Total 2025 Total 2024 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 700 29,873 6.529 700 44,181 8,259 402 38,478 7,942 14,308 1,730 37,102 16,038 53,140 46,822
an KILLAIG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2025 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2025 Total 2024 Income from charitable activitie5 Fees from weddings and funerals Fundraising events Membership fees Grants 5,957 300 5,957 300 4,109 3,150 990 990 7,247 7.247 7.529 4. OTHER TRADING AcfiviTIES Unrestrlrted Funds Restrlcted Endowment Funds Funds Total 2025 Total 2024 Letting of premises Rental income Magazine income 200 450 200 454 270 300 450 250 270 274 650 924 1.000 INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2025 Total 2024 Deposit interest General Investment Fund Rents investment properties Other investment income 165 18 183 167 2,591 2,591 2,030 165 2,609 2,774 2,197
an KILLAIG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2025 OTHER INCOME Unrestrirted Funds Restrirted Endowment Funds Funds Total 2025 Total 2024 Insurance claims Other income 282 282 1,179 282 282 1,179 RAISING FUNDS Unrestricted Funds Restricted Endowrnent Funds Funds Total 2025 Total 2024 FWO envelopes Fundraising events Special Service 88 88 85 76 85 88 85 173 76 CHARITABLE AcfiviTIES Unrestrirted Funds Restrirted Endowment Funds Funds Total 2025 Total 2024 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Misslons and charities Governance costs 1,656 215 22,747 8,805 35 1,656 215 22,747 12,858 7,121 2,521 184 6,928 20,635 6,050 4,053 7.086 33,458 11,139 44,597 36,318
an KILLAIG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'dl 31 December 2025 OTHER EXPENDITURE Unrestricted Funds Restricted Endowment Funds Funds Total 2025 Total 2024 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 £1,022,732 and £868,580 respectively on 01.10.25. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2025 2024 General Investment Fund Repair Fund Investment Property Other inve5tment5 from 12 from 12 38,271 19,657 38,155 19,657 57,928 57,812
an KILLAIG CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'dl 31 December 2025 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / Transfer (Deficit) Balance at end Unrestrirted Funds General Fund 63,700 37,541 33,546 5,0 +1629 -624 68,700 63,700 37,541 33,546 5,000 1,005 68,700 Restrlcted Funds Building Fund 9,647 15.933 2,843 13,809 +943 -224 23,456 Organ Fund 3,768 30 -23 3,745 Missions and Charities Manse Fund 5,631 5,670 393 +39 +393 Investment Account 38,155 1,745 116 -1.629 38,271 Repair Fund Investment Sunday School 19,657 846 233 -846 +312 19,657 545 Presbyterian Women Bowling Club 718 837 1,448 990 1,458 285 -10 705 708 1,542 72.782 26,826 11,224 14,597 -1,005 87,379 Endowment Funds [Name of Fundl Total 136,482 64.367 44,770 19,597 156,079