an
KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31- DECEMBER 2024
Unrestricted
Funds
Restricted
Funds
Endowmenl
Funds
Total Fund5
2024
Total Funds
2023
Notes
Income from:
Donations and legacies
Charitable activities
Investment income
Other income
136,116
316J47
44,703
417
84,624
452,463
44,703
3,841
85,090
200,514
27,616
5,041
3,896
1244
466
2,180
Total income and endowments
137,826
446,091
2,180
586,097
237,067
Expenditure OD:
Cost of raising funds
Charitable activities
Other expenditure
Renovation costs
790
104,415
9,177
1.198
34,118
15240
374.712
1,988
138,533
24,417
374,712
2,087
140,372
25,064
18,901
Total expenditure
114J82
425268
539,650
186,424
Net income
23,444
20,823
2,180
46,447
50,643
Transfers between funds
Revaluation of fixed assets
10
13
(1,485)
1,485
176,536
176,536
802,149
Net movement in funds
Reconciliation of funds:
Total funds brought fonvard
21,959
198,844
2,180
222,983
852,792
172,725
3,660,054
48,930
3,881,709
3,028,917
Total funds carried forTrvard
194,684
3,858,898
51,110
4,104,692
3,881,709
151 Page

Presbyter
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KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
BALANCE SHEET AS AT 31- DECEMBER 2024
Unrestrieted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2024
Total Funds
2023
Notes
Fixed assets
Tangible fixed assets
Investments
13
3,733260
3,733,260
51.110
3,556,724
48,930
14
51.110
Total fixed assets
3,733,260
51,110
3,784,370
3,605,654
Current assets
Debtors and prepayments
Cash at bank and in hand
15
22.083
177.107
56J93
150.270
78,476
327.377
16
276,055
Tolal current assets
199,190
206,663
405,853
276,055
Current liabfilities
Creditors due within one
year
17
4,506
81,025
85,531
Total current liabilities
4,506
81,025
85,531
Net current assets
194.684
125.638
320J22
276,055
Total net assets
194,684
3,858,898
si,110
4,104,692
3,881,709
161Page

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KILLYMURRIS CONGREGATION OF THE PRESBYfERIAIY CHURCH IN IRELAND
BALANCE SHEET AS AT 31- DEcEI￿BER 2024
Unrestricted
Funds
Restrieled
Funds
Endowment
Funds
Total Funds
2024
Total Funds
2023
Notes
Funds of the cbarity
Unrestricted funds
Restricted funds
Endowment funds
18
18
l8
194,684
194,684
3,858,898
51,110
172,725
3,660,054
48,930
3,858,898
51,110
Total charity funds
194,684
3,858,898
51,110
4.104,692
3,881,709
Approved by the Kirk Session at a meeting on 19th August 2025 and signed on its behalf by..
Rev. Rolan
James Watt
amuel George Simpson
Position: Minister
Position: Clerk of Session
171 Page

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KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
CASH FLOW STATEMEIYf FOR THE YEAR EIYDED 31 DEcEI￿BER 2024
Total Funds
2024
Total Fund5
2023
Cash flow from operating activities
Net incoming resources before interest received
Revaluation of tangibl¢ fLxed &%sets and investments
Increase in debtors
Increase in creditors
219,142
(178,716)
(78,476)
85,531
45,602
(3,792)
Net cash inflow from incoming resources
47,481
41,810
Return on investments and servlcing of finance
Interest received
3.841
5,041
51,322
46,851
Capital expenditure
Purchase of tangible fixed assets
Net Increase in cash for the year
51,322
46,851
Cash and cash equivalents at the beginning of the year
276,055
229,204
Casb and cash equivalents Ydt the end of the year
327377
276,055
181 Page

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KILLYMURRIS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE AccouNfs 31sf DECEMBER 2024
ACCOUNfiNG POLICIES
BASIS OF FINANCIAL STATEMENTS
Thc financial statements have been prepared in accordance with Accounting and Reporting by Charities,.
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial
Reporting Standard applicable in the UK and Ireland (FRSI 02) (effective l January 2019). The Charity is a public
benefit entity
The financial statements have been prepared under the historical cost convention except for investment assets,
which are shown at market value. The functional and presentational currency is Sterling. The financial statements
include all transactions, assets and liabilities for which the congregation is responsible in law. They do not include
the accounts of church groups that owe their affiliation to another body. nor those that are infornial gatherings of
church members.
PREPARATION OF ACCOUNTS ON A GOING CONCERN BASIS
There are no material uncertainties about the charity's ability to continue. The accounts have been prepared on a
going concern basis.
FUND ACCOUNTtNG
Unrestricted funds are income funds which are to be spent on the congre8ation's general purposes. Designated
funds are general funds set aside by the congregation for use in the future.
Restricted funds comprise 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.
Endowment funds are funds, the capital of which must be retained either pemianently 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.
CRITICAL ACCOUNTING JUDGEMENTS AI¥D ESTIMATION UNCERTAINrY
Estimates and judgments made in the process of preparing the financial statements are continually evaluated and
are based on historical experience and other factors, including expectations of future events that are believed to
be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments made
in applying the Church's accounting policies or that there are any critical accounting estimates or assumptions
which may have a significant risk of causing a material adjustment to carrying amounts of &ssets and liabilities
within the next financial year.
191 Page

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KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE Accou￿rS (eont'd)
AccouNfING POLICIES (cont'd)
INCOMING RESOURCES
(i) Recognition of incoming resources
These are included in the Statement of Financial Activities (SOFA) when:
the congregation becomes entitled to the resources.
. the trustees are virtually certain they will receive the resources. and
the monetary value can be measured with sufficient reliability.
(li) Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fundraising income) the incoming resources
and related expenditure are reported gross in the SOFA.
{iii) Grants and donations
Grants and donations are only included in the SOFA when the congregation has unconditional entiilement
to the resources.
(iv) Tax reclaims on donations and gifts
Incoming resources from Lix reclaims are included in the SOFA at the same time as the gift to which they
relate.
(v) Contractual income and performaDce relaled grants
This is only included in the SOFA once the related goods or services have been delivered.
(vi) Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually
realised. Gifts in kind for use by the charity are included in the SOFA as incoming resources when
receivable.
(vii) Donated seryices and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where
the benefit to the charity is reasonably quantifiable. measurable and material. The value placed on thcse
resources is the estimated value to the charity of the service or facility received.
(viii) Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees,
annual report.
(ix) Investment income
This is included in the accounts when receivable.
(x) Investment gains and losses
This includes any gain or loss on the sale of invcsiments and any gain or loss resulting from revaluing
investments to market value at the end of the year.
201 Page

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KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAIYD
NOTES TO THE ACCOUNTS (cont'd)
ACCOUNTING POLICIES (cont'd)
EXPENDITURE AND LIABILrrIES
(xi) Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation
to pay out resources.
(xii) Analysis of expenditure by activity
A separate analysis of expenditure on an activity basis has not been presented, nor considered necessary,
since all expenditure of the charity is committed to the overall functioning of the Church.
(xiii) Governance costs
These are shown within charitable activities and include the costs of preparation and examination of
accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or
constitutional matters.
ASSETS/(LIABILITIES)
(xvi) Tangible Fixed Assets
The assets of the Church comprise:
Church building and contents at 185 Dunminning Road, Glanyford. Ballymena.
Church hall building and contents at 185 Dunminning Road, Glarryford, Ballymena
Manse at 175 Dunminning Road, Glarryford. Ballymena
Details of historical cost of the above assets purchased priorto ISI January 2018 are not available. All assets
purchased are Included in the balance sheet at valuation. No depreciation has been provided on these assets
as the current estimated residual value is not less than the carrying value and the remaRning useful life
currently exceeds 50 years. This will be reviewed by on an annual basis by the Trustees.
Tangible fixed assets for use by the church are capitalised if they can be used for more than one year, and
cost at least £2,500. The Trustees have agreed that any fixed asset addition with a value of less than £2,500
does not need to be shown as an asset and will simply be written off as expenditure in the year of purchase.
Tangible fixed assets are dc-recognised on disposal or when no future economic benefits are cxpected. On
disposal, the difference between the disposal proceeds and the carrying amount is recognised in the
statement of financial activities.
211page

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KILLYMURRIS CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
NOTES TO THE AccouNfs (cont'd)
AccouNfING POLICIES (cont'd)
(xiv) Investments
Investments are included in the balance sheet at their market value at the year end.
(xv) Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held and other short-terni highly liquid
investments with maturities of three months or less.
(xvi) Financial instruments
The Church only has financial assets and financial liabilities of a kind that qualify as basic financial
instrunients. Basis financial instruments are initially recognised at transaction price and subsequently
measured at their settlement value.
DONATIONS AND LEGACIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Totsl Funds
2024
Total Funds
2023
Recorded giving:
Donations and 8ifts
Loose collections
Gift Aid
Organisation fees/membership
101,626
1.734
32,756
257,647
359,273
1,734
89,441
2,015
174,439
3,416
21,047
1.612
56,685
2.015
136,116
316J47
452,463
200,514
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2024
Total Funds
2023
Charitable activities - other
Charitable activities - publications
44.033
670
44,033
670
27,002
614
44,703
44,703
27,616
221Page

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KILLYIIIURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (eont'd)
NVESTMENT INCOME
Unrestricted
FuDds
Restricted
Funds
Endowment
Funds
Total Funds
2024
Total Funds
2023
Deposit interest
PCI General investm¢nt fund
1344
417
1,661
2,180
1,276
3,765
2,180
1244
417
2,180
3,841
5,041
OTHER INCOME
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2024
Total Funds
2023
Building Project grant income
Other gFrants received
PCI support
Sundry income
76,647
6577
76,647
6,577
276
1,590
3,053
276
190
1,400
843
466
84,624
85,090
3,896
COST OF RAISING FUNDS
Unrestricted
Funds
Restrleted
Funds
EDdowment
Funds
Total Funds
2024
Total Funds
2023
FWO envelopes
Fundraising expenses
790
790
1,198
790
1,297
1,198
790
1,198
1,988
2,087
231Page

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KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE Accouwfs (cont'd)
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2024
Tolal Funds
2023
Ministry and support staff costs
Congregational running expenses
General assessments
Utilities
Events and catering expenses
Stationery and teaching tnaterials
Publications
Presb)rtery fees
Donations to missionslcharities
72,712
4281
11,095
13,015
1,845
463
82
9,947
938
72,794
14228
12,033
13,015
7,336
884
670
469
17,104
70,156
15,125
10,759
15,866
9,293
1,255
610
428
16,880
5,491
421
670
469
535
16,569
104,415
34.118
138,533
140,372
OTHER EXPENDITURE
Unrestricted
Funds
Restricted
Funds
Endoivment
Funds
Totsl Funds
2024
Total funds
2023
Repairs and maintenance
Governance costs
2.836
6J41
15,054
186
17,890
6,527
22,714
2,350
9,177
15.240
24,417
25,064
RENOVATION COSTS
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2024
Total Funds
2023
Building contractor
Associated professional fees
317J45
57J67
317?45
57 J67
18,901
374,712
374,712
18,901
241 Page

Presbyter
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KtLLYMURRIS CONGREGATION OF THE PRESBYTERJAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
10. TRANSFERS BETWEEN FUNDS
Unrestricted funds are spent or applied at the discretion of the tTUStees to further any of the charity's purposes.
Unrestricted ￿ndS may be used to supplement expenditure made from restricted funds.
11. EMPLOYEES
Employment costs
2024
2023
Wages and salaries
11,940
10,872
The church had two employees during the year (2023: two).
The minister of the congregation is an employee of the Presbyterian Church in Ireland, which is a separate charity
and they have not been reflected in the employee costs and average number of employees above. The congregation
pays an assessment to the Presbyterian Church in Ireland for the minister. The following amounts were paid
during the year:
2024
2023
Minister stipend
37.676
35,882
251 Page

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KILLYMURIUS CONGREGATION OF THE PRESBYTERIAN CItURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
12. PENSION COSTS
The minister of the congregation is a member of the Presb￿erian Church in Ireland Pension Scheme (2009). This
is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity. The congregation pays
an assessment to the Presbyterian Church in Ireland equivalent to the employer's pension contribution for the
Scheme and based on the stipcnd paid to the ministeT. The Presbyterian Church in Ireland Pension Scheme (2009)
is a funded Scheme of the defined benefit type. providing defined benefits based on career average re-valued
salary. The Scheme has assets held in a separately administered fund managed by a board of trustees. The
Presbyterian Church and the Scheme Trustees have agreed a funding plan to ensure the Scheme is sufficiently
funded to meet current and future obligations. A fomial schedule of contributions was drawn up on 25 November
2015 whereby the Presbyterian Church agreed to pay from 31 December 2015 contributions of 24% of
pensionable salaries to cover the accrual of benefits for futu￿ service, expenses, the cost of insuring death in
service benefits and funding the scheme deficit.
The total contributions made by the congregation during the year were:
2024
2023
Contributions
9,042
8,612
261 Page

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KILLYMURIUS CONGREGATION OF THE PRESBYtERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
13. TANGIBLE FIXED ASSETS
Buildings
and
contents
Total
Cost I Valuation
As at I" January 2024
Revaluation
3,556,724
176,536
3,556,724
176,536
As at 31°, December 2024
3,733260
3,733,260
DepreciatioD
As at 1st January 2024
Charge for the year
Disposals
As at 31" December 2024
Net Book Value AS at 31" December 2024
3,733,260
3,733,260
Net Book Value as at 3151 December 2023
3,556,724
3,556,724
The assets of the Church comprise".
Church building and contents at 185 Dunminning Road, Glarryford, Ballymena.
Church hall building and contents at 185 Dunminning Road, Glarryford, Ballymena
Manse at 175 Dunminning Road, Glarryford, Ballymena
14, INVESTMENTS
PCI General
Investment
Fund
National
Savings
accounts
Total
Cost/valuation
st
As at l January 2024
Movement during the year
45,360
2,145
3,570
35
48,930
2,180
5t
As at 31 December 2024
47,505
3,605
51,110
271 Page

Presbyter
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KILLymU￿s CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont'd)
15.
DEBTORS AND PREPAYMENTS
2024
2023
Gift Aid recoverable
Grant receivable
Other debtors
Prepayments
60,462
13278
276
4,460
78,476
16.
CASH AT BANK AND IN HAND
2024
2023
Bank current accounts
Baiik deposit accounts
Cash in hand
326,038
746
593
274,727
733
595
327,377
276,055
17.
CREDJTORS DUE WITHIN ONE YEAR
2024
2023
Building construction costs due
Other creditors arAd accruals
78,545
6,986
85,531
281 Page

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KILLYMURRIS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (CODt'd)
18.
FUND BALANCES AND RECONCILIATION OF FUNDS
Fund
Balance at
start
Balance at
end
Income
Costs Revaluation
Transfer
Unrestricted Funds
General account
Repair account
162,725
10,000
137,826
114.382
(1,485)
184,684
10,000
172,725
137,826
114J82
(1,485)
194,684
Restricted Funds
General account
Graveyard account
Repair account
Property account
Sunday School account
PW account
Live Wire account
Girls Brigade account
Happy Tots accounts
Carnlea Bowling
account
Glarryford Bowling
account
Bible and Prayer
account
Chipmunk account
Young Adults account
3,371
7,562
78,204
3,556,724
1,080
821
1,686
3,480
1,480
15,020
7,560
398.206
15.009
6,078
383,780
3,382
9,044
95,520
3,733,260
1,400
2,339
3,574
3,185
19
2,890
176,536
386
4.176
3,151
10,835
1,566
2.658
1,263
8.330
31
1,500
(2,800)
(1,430)
1.517
13
.530
1,522
3,541
2.258
3.437
(150)
1,476
1,729
595
283
2,100
297
719
1,475
3,362
593
214
295
650
3.660,054
446,091
425,268
176.536
1,485
3,858.898
Endowment Funds
National Savings I
account
National Savings 2
account
National Savings 3
account
Bequests account
2,082
21
2,103
863
872
625
45,360
631
47,504
2.144
48,930
2,180
51,110
OVERALL TOTALS
3,881,709
586,097
539.650
176.536
4,104,692
291Page

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KILLyMUR￿s CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAI¥D
NOTES TO THE ACCOUNTS (cont'd)
18.
FUND BALANCES AND RECONCILIATION OF FUNDS (cont'd)
Analysis of closing funds
Unrestricted
Funds
Restricted
Fullds
Endowment
Funds
Total Funds
2024
Total Funds
2023
Fixed assets
Current assets
Current liabilities
3,733260
206,663
(81,025)
51,110
3,784,370
405,853
(85,531)
3,605,654
276,055
199,190
(4,506)
Total funds
194,684
3,858,898
51,110
4,104,692
3,881,709
19.
RELATED PARTY TRANSACTIONS
Rev. Roland Watt is a trustee of the church. In his capacity as the minister of the congregation he received
remuneration of £37,676 and an expenses allowance of £7,036. Pension contributions of £9,042 were also paid
by the congregation in respect of him to the Presbylerian Church in Ireland Pension Scheme (2009). Employer's
NIC of £4.914 was paid to the Presbyterian Church in Ireland for the minister. None of the other trustees received
any remuneration nor were any of them re-imbursed during the year for expenses they incurred in connection with
their duties.
Expenditure in the Statement of Financial Activity includes the following amounts to Funds of the General
Assembly of the Presbyterian Church in Ireland, a separate charity:
Assessments
United Appeal
11,095
9,024
The congregation contributed £469 towards Presbytery Assessments during the year.
There were no other related party transactions.
20.
CAPITAL COMMITMENTS
At 31. December 2024 the Church had capitsl commitments of £0.6 million in relation to the on-going church
renovation works, which have not been provided for in the accounts (2023.. £1.2 million). In addition to this prior
to these accounts being signed the church committed to further required renovation work costs of £0.2 million
(2023: nil)-
These commitments will be met by funds currently held in bank accounts, by a bank facility, by interest free loans
from church members, by grants from the Listed Places of Worship scheme (towards the VAT incurred on the
building works), by future donations/fundraising activities and by Gift Aid reclaimable.
30IPage