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