FIRST KILRAUGHTS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNT)
FOR YEAR ENDED 31 DECEMBER 2023
NOTE UNRESTRICTED
FUNDS
RESTRICTED ENDOWMENT
FUNDS
FUNDS
TOTAL
2023
TOTAL
2022
Receipts
Donations & legacies
Charitable activities
Investment income
90,757
4,754
618
32,528
12,620
248
123,285
17,374
866
207,838
17,071
5,610
230,519
Total receipts
96,129
45,396
141,525
Payments
Raising funds
Charitable activities
Other expenditure
Total payments
515
92,004
515
130,123
517
93,425
50,058
144,000
38,119
92,519
38,119
130,638
Net receipts/(payments)
Transfers between funds
Net movement in funds
3,610
(21,314)
(17,704)
7,277
21,314
28,591
10,887
86,519
10,887
86,519
Reconciliation of funds:
Total funds brought forward
Deduct non cash/bank related
endowment funds
l-otal funds carried forward
138,193
22,470
160,663
74,144
10
120,489
51,061
171,550
160,663
11

FIRST KILRAUGHTS CONGRECJATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 DECEMBER 2023
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2023
TOTAL
2022
Funds Reconciliation
Total funds brought forward
Net movement in funds
Total funds carried forward
138,193
(17,704)
120,489
22,470
28,591
51,061
160,663
10,887
171,550
74,144
86,519
160,663
Bank & cash balances
Bank current accounts
171,550
171,550
160,663
160,663
Other assets
Fixed assets - note 8
Investments - note 9
Gift Aid receivable on donations
3,604,886
89,224
18,405
3,712,515
3,196,289
83,116
17,327
3,296,732
Approved by the Kirk Session at a meeting on......
.and signed on its behalf by
Mr Arnold Mcclure
Mr Maurice Christie
12

FIRST KILRAUG14TS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO 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 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
FUNDS
ENDOWMENT
FUNDS
TOTAL
2023
TOTAL
2022
Recorded giving
Loose collections
Donations and gifts
Gift Aid
75,471
2,013
200
13,073
90,757
15,865
1,638
10,909
4,116
32,528
91,336
3,651
11,109
17,189
123,285
84,698
2,044
103,343
17,753
207,838
13

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2023
CHARITABLE ACTIVITIES
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2023
TOTAL
2022
Organisation income
Fees frorn weddings &
funerals
Fundraising events
Sale of study books etc.
Grants
Miscellaneous income
1,719
11,220
12,939
13,325
250
535
1,398
250
535
1,398
1,400
852
17,374
300
1,309
1,600
537
17,071
1,400
852
4,754
12,620
INVESTMENT INCOME
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2023
TOTAL
2022
Deposit interest
Investment income
Other interest
248
248
452
166
866
367
5,235
452
166
618
248
5,610
14

I?ST !<ILR.4UCJHTS CONICREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NO"ris TO THE ACCOUNTS
31 DECEMBER 2023
RAISING FUNDS
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2023
TOTAL
2022
FWO envelopes
515
515
515
515
517
517
CHARITABLE ACTIVITIES
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2023
TOTAL
2022
General Assembly
Assessments
Presbytery fees
Ministry & support
staff costs
Congregational running
expenses
Donations to missions
& charities
Governance costs
14,775
434
14,775
434
8,991
578
35,903
35,903
3,170
37,934
22,112
60,046
61,999
1,818
1,140
92,004
16,007
17,825
1,140
130,123
17,571
1,116
93,425
38,119
OTHER EXPENDITURE
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2023
TOTAL
2022
Manse refurbishment
50,058
50,058
15

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2023
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 £3,604,886 (£3,196,289 - 2022).
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:
2023
2022
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
167
237
866
4,294
10,002
48,834
19,943
4,881
89,224
191
224
794
4,294
9,267
45,244
18,489
4,613
83,116
16

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2023
10 FUND BALANCES
FUND
BALANCE RECEIPTS PAYMENTS SURPLUS/ TRANSFER BALANCE
AT START
DEFICIT
AT END
Unrestricted funds
General account
138,193
138,193
96,129
96,129
92,519
92,519
3,610 (21,314)
3,610 (21,314)
120,489
120,489
Restricted funds
Sunday School
Building, repairs &
maintenance
GF association
Friendship club
Youth group
Presbyterian women
B.oys' 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
1,788
156
555
(399)
1,394
4,492
1,300
1,631
3,150
2,047
3,687
487
1,188
21,241
1,463
1,049
11,598
1,926
300
369
3,572
4,301
941
1,175
8,147
9,643
(463)
749
(369)
64
(621)
206
55
(613)
20,221
34,356
837
2,380
2,781
1,911
3,066
393
1,243
3,636
3,680
1,147
1,230
7,534
(200)
(300)
613
852
964
1,051
1,393
852
964
1,060
2,359
(9)
(966)
966
2,700
22,470
2,700
51,061
45,396
38,119
7,277
21,314
Total
160,663
141,525
130,638
10,887
171,550
17

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2023
11
RELATED PARTY TRANSACTIONS
One of the trustees, the minister of the congregation received remuneration of £25,725 and expenses
of £4,691 for acting in that capacity. Pension contributions of £6,174 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
£14,775 for congregational assessments
£8,147 towards the United Appeal
There were no other related party transactions.
18