FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNTI
FOR YEAR ENDED 31 DECEMBER 2024
NOTE UNRESTRICTED
FUNDS
RESTRICTED ENDOWMENT
FUNDS
FUNDS
TOTAL
TOTAL
2024
2023
Receipts
Donations & legacies
Charitable activitie5
Investment income
Other income
Total recelpts
86,225
2,975
2,375
39,466
16,547
320
125,691
19,522
2,695
123,285
17,374
866
91,575
56,333
147,908
141,525
Payments
Raising funds
Charitable activities
Other expenditure
Total payments
540
88,260
540
146,031
525
147,096
515
130,123
57,771
525
58,296
88,800
130,638
Net receiptsllpaymentsl
Transfers between funds
Net movement in funds
2,775
384
3,159
11,9631
13841
12,3471
812
10,887
812
10,887
Reconciliation of f unds:
Total funds brought forward
Deduct non cash/bank related
endowment funds
Total funds carried forward
120,489
51,061
171,550
160,663
io
123,648
48,714
172,362
171,550
li

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 DECEMBER 2024
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2024
TOTAL
2023
Funds Reconciliatlon
Total funds brought forward
Net movement in funds
Total funds carried forward
120,489
3,159
123,648
51,061
12,3471
48,714
171,550
812
172,362
160,663
10,887
171,550
Bank & cash balances
Bank current accounts
172,362
172,362
171,550
171,550
Other assets
Fixed assets- note 8
Investments- note 9
Gift Aid receivable on donations
3,785,130
94,071
18,559
3,897,760
3,604,886
89,224
18,405
3,712,515
Approved by the Kirk Session at a meeting on.
2>and signed on its behalf by
Mr Arnold Mcclure
Mr Maurice Christie
12

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is le55 than £250,000 the congregation have elected
in accordance with the provision in The Charities (Accounts and Reports) Regu lations (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 la} income from endowments which is to be expended only on the
restricted pu rposes intended by the donor and Ibl revenue donations or grants for a specif ic
congregational activity intended by the donor. Where these f unds have unspent bala nces, interest
on their pooled investment is apportioned to the ind ividual fu nds on an average balance basis.
Unrestricted funds are income funds which are to be spent on the congregation's general purposes.
Designated fund5 are Beneral funds set aside by the congregation for use in the future.
DONATIONS & LEGACIES
UNRE5TRicfED
FUNDS
RESTRICTED
FUND5
ENDOWMENT
FUNDS
TOTAL
2024
TOTAL
2023
Recorded giving
Loose collections
Donations and gifts
Gift Aid
70,194
1,867
21,741
1,873
11,611
4,241
39,466
91,935
3,740
11,611
18,405
125,691
91,336
3,651
11,109
17,189
123,285
14,164
86,225
13

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
CHARITABLE ACTIVITIES
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2024
TOTAL
2023
Organisation income
Fees from weddings &
funerals
Fundraising events
Sale of study books etc.
Grants
Miscellaneous income
560
13,547
14,107
12,939
350
350
250
535
1,398
1,400
852
17,374
1,262
1,262
3,000
803
19,522
3,000
803
2,975
16,547
INVESTMENT INCOME
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2,024
TOTAL
2,023
Deposit interest
Investment income
Other interest
2,075
180
120
2,375
320
2,395
180
120
2,695
248
452
166
866
320
14

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
RAISING FUNDS
UNRESTRICTED
FUNDS
RESTRICTED ENDOWMENT
FUNDS
FUNDS
TOTAL
2,024
TOTAL
2,023
FWO envelopes
540
540
540
540
515
515
CHARITABLE ACTIVITIES
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2,024
TOTAL
2,023
General Assembly
Assessments
Presbytery fees
Ministry & support
staff costs
Congregational running
expenses
Donations to missions
& charities
Governance costs
17,577
455
17,577
455
14,775
434
36,916
36,916
35,903
32,112
44,174
76,286
60,046
13,597
13,597
1,200
146,031
17,825
1,140
130,123
1,200
88,260
57,771
OTHER EXPENDITURE
UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS
FUNDS
FUNDS
TOTAL
2,024
TOTAL
2,023
Manse refurbishment
525
525
525
525
15

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
FIXED ASSETS
The congregation owns the church building, church hall, the stables hall and the associated f ixtures,
fittings, plant and machinery situated at 56 Moyan Road, Ballymoney. These have a combined
insurance value of £3,785,130 {2023 £3,604,886).
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.,
2024
2023
125 BP plc 8Yo preference shares
300 Canadian Pacific Railway Company shares
65 PCI Shares General Investment Fund
Progressive Building Society
NFU Cautious Portfolio Fund
NFU Cautious Portfolio Fund
NFU Mutual Select Investment Plan
Nl Centra I Investment for Charities
168
217
907
4,294
10,594
.51,725
21,119
5,047
94,071
167
237
866
4,294
10,002
48,834
19,943
4,881
89,224
16

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
10 FUND BALANCES
FUND
BALANCE
AT START
RECEIPTS
PAYMENTS SURPLUSI TRANSFER
DEFICIT
BALANCE
AT END
Unrestricted f unds
General account
120,489
120,489
91,575
91,575
88,800
88,800
2,775
2,775
384
384
123,648
123,648
Restrlcted 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
1,394
164
164
1,563
34,356
837
2,380
2,781
1,911
3,066
393
1,243
28,184
3,474
1,692
254
29,605
2,459
1,863
561
3,499
5,958
I,ioi
1,618
6,760
11,4211
1,015
11711
(3071
{1401
11,721}
485
244
1,338
32,935
1,852
2,209
2,474
1,571
1,345
578
1,487
3,359
4,237
1,586
1,862
8,098
12001
13001
11,3381
826
1,196
849
552
826
1,196
884
1,966
1351
11,4141
35
1.414
2,700
51,061
2,700
48,714
56,333
58,296
11,9631
13841
Total
171,550
147,908
147,096
812
172,362
17

FIRST KILRAUGHTS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
11 RELATED PARTY TRANSACTIONS
One of the trustees, the minister of the congregation received remuneration of £27,011 and expenses
of £4,926 for acting in that capacity. Pension contributions of £6,483 were paid by the congregation
in respect of the minister to the Presbyterian Church in Ireland Pension Scheme12009). One of the
trustees, the church organist and choir master of the congregation received remuneration of £3,900
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 Assem bly of the Presbyterian Church in Ireland a sepa rate cha rity
£17,577 for congregational assessments
£6,760 towards the United Appeal
There were no other related party transaction5.
18