FIRST KILRAUGHTS CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNT)
FOR YEAR ENDED 31 DECEMBER 2022
NOTE UNRESTRICTED
FUNDS
RESTRICTED ENDOWMENT
FUNDS
FUNDS
TOTAL
2022
TOTAL
2021
Receipts
Donations & legacies
Charita ble activities
Investment income
Total receipts
173,140
3,443
5,243
181,826
34,698
13,628
367
48,693
207,838
17,071
5,610
230,519
123,448
10,652
471
134,571
Payments
Raising funds
Charitable activities
Other expenditure
Total payments
517
57,736
517
93,425
50,058
144,000
488
120,448
30,000
150,936
35,689
50,058
85,747
58,253
Net receipts/(payments)
Transfers between funds
Net movement in funds
123,573
(18,703)
104,870
(37,054)
18,703
(18,351)
86,519
(16,365)
86,519
(16,365)
Reconciliation of funds:
Total funds brought forward
Deduct non cash/bank related
endowment funds
Total funds carried forward
33,323
40,821
74,144
90,509
10
138,193
22,470
160,663
74,144
11

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 DECEMBER 2022
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2022
TOTAL
2021
Funds
econciliation
Total funds brought forward
Net movement in funds
Total funds carried forward
33,323
104,870
138,193
40,821
(18,351)
22,470
74,144
86,519
160,663
90,509
(16,365)
74,144
Bank & cash balances
Bank current accounts
160,663
160,663
74,144
74,144
Other assets
Fixed assets- note 8
Investments- note 9
Gift Aid receivable on donations
3,196,289
83,116
17,327
3,296,732
2,973,292
97,294
17,753
3,088,339
Approved by the Kirk Session at a meeting on..
and signed on its behalf by
Mr Arnold Mcclure
Mr Maurice Christie
42p2
12

T FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2022
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 provision 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 (a) 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 & LEGACIES
UNRESTRICTED
FUNDS
RESTRICTED
ENDOWMENT
FUNDS
TOTAL
2022
TOTAL
2021
FUNDS
Recorded giving
Loose collections
Donations and gifts
GifL Aid
70,114
504
89,135
13,387
173,140
14,584
1,540
14,208
4,366
34,698
84,698
2,044
103,343
17,753
207,838
89,890
947
16,154
16,457
123,448
13

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2022
CHARITABLE ACTIVITIES
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2022
TOTAL
2021
Organisation income
Fees from weddings &
funerals
Sale of study books etc.
Grants
Miscellaneous income
1,297
12,028
13,325
8,388
300
1,309
300
1,309
1,600
537
17,071
950
1,018
1,600
537
3,443
296
10,652
13,628
INVESTMENT INCOME
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2022
TOTAL
2021
Deposit interest
Investment income
Other interest
367
367
5,235
229
231
11
471
5,235
5,243
367
5,610
14

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2022
RAISING FUNDS
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2022
TOTAL
2021
FWO envelopes
517
517
517
517
488
488
CHARITABLE ACTIVITIES
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2022
TOTAL
2021
General Assembly
Assessments
Presbytery fees
Ministry & support
staff costs
Congregational running
expenses
Donations to missions
& charities
Governance costs
8,991
578
8,991
578
14,682
698
3,170
3,170
36,555
40,311
21,688
61,999
54,828
3,570
1,116
57,736
14,001
17,571
1,116
93,425
12,587
1,098
120,448
35,689
OTHER EXPENDITURE
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2022
TOTAL
2021
Loans
Manse refurbishment
30,000
50,058
50,058
50,058
50,058
30,000
15

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2022
FIXED ASSETS
The congregation owns the church building, church hall, the stables hall and the associated fixtures,
fittings, plant and machinery situated at 56 Moyan Road, Ballymoney. These have a combined
insurance value of £3,196,289 (£2,973,292 - 2021).
Since 1887 the Congregation hold in trust the Manse, outbuildings and farm situated at Topp Road,
Ballymoney, for the use of the Congregation while the minister resides in the Manse.
INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation:
2022
2021
125 BP plc 8% preference shares
300 Canadian Pacific Railway Company shares
65 PCI Shares General Investment Fund as at
Progressive Building Society
NFU Cautious Portfolio Fund
NFU Cautious Portfolio Fund
NFU Mutual Select Investment Plan
Nl Central Investment for Charities
191
224
794
4,294
9,267
45,244
18,489
4,613
83,116
203
273
866
4,294
11,015
53,782
21,608
5,254
97,294
16

FIRST KILRAUGHTS CONGREGATION OF THE PRESBwfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2022
10 FUND BALANCES
FUND
BALANCE RECEIPTS PAYMENTS SURPLUS/ TRANSFER BALANCE
AT START
DEFICIT
AT END
Unrestricted funds
General account
33,323
33,323
181,826
181,826
58,253 123,573 (18,703)
58,253 123,573 (18,703)
138,193
138,193
Restricted funds
Sunday School
Building, repairs &
maintenance
GF association
Friendship club
Youth group
Presbyterian women
Boys, Brigade
Bowling club
Get Konnected Boys Club
United Appeal
Presbyterian Childrens
Society
Mission Africa
World Development Appeal
Other Mission Support
Sibbett Family donation
gift aid
1,653
113
148
(35)
170
1,788
25,419
1,388
1,576
2,363
1,874
1,822
891
1,135
25,322
979
1,210
63,454 (38,132)
1,237
(258)
1,155
55
213
(213)
2,814
173
1,705
1,695
601
196
769
(117)
7,804
(42)
17,205
170
4,492
1,300
1,631
3,150
2,047
3,687
487
1,188
1,000
2,987
3,400
797
652
7,762
170
(600)
170
42
824
915
864
2,868
824
1,115
835
3,073
(200)
29
(205)
200
(29)
205
11
2,700
40,821
2,700
22,470
48,693
85,747 (37,054)
18,703
11
Total
74,144
230,519
144,000
86,519
160,663
11
11
17

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2022
11
RELATED PARTY TRANSACTIONS
One of the trustees, the minister of the congregation received remuneration of £2,450 and expenses
of £446 for acting in that capacity. Pension contributions of £588 were paid by the congregation
in respect of the minister to the Presbyterian Church in Ireland Pension Scheme (2009). One of the
trustees, the church organist and choir master of the congregation received remuneration of £3,600
for acting in that capacity. None of the other trustees received any remuneration or expenses
during the year in connection with their duties.
During the year the congregation contributed the following amounts to Funds of the
General Assembly of the Presbyterian Church in Ireland a separate charity
£8,991 for congregational assessments
£7,804 towards the United Appeal
There were no other related party transactions.
18