KELLSWATER REFORMED PRESBYfERIAN CHURCH
STATEMENT OF ANANCIALACTIVITY
For the year ended 31 Decemljer 2023
Unrestrirted
Funds
Restrirted
Funds
Bequest
Funds
Total Funds
2023
Tot31 Funds
2022
Income and Endowments from:
Donations and legacies
Charitsble activities
other tradlng actlv5tle5
Investments
Other Income
Total
53,637
53,637
126,389
10.839
97
1.593
66,166
10,839
763
1,593
66,832
10,826
412
666
666
137 627
Expendlture on:
Ra151ng funds
Charitable actfvttles
Other
Total
Net Incomellexpenditurel
Transfers between funds
Net movement in fLtnds
168.9921
14501
169A42)
(3.276)
666
(2.610)
(1,0771
170,0691
14501
170,5191
{3.6871
164,2061
1450
164,6561
72,971
11,077}
11,0771
666
11.077)
(3,6871
72,971
Reconclllatlon of funds:
Total funds brought forward
Total funds carrled forward
33.149
30.539
1,077
274,418
274AI8
308,644
304,957
235,673
308,644

KELLSWATER REFORMED PREsBYfER1￿ CHURCH7
STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2023
Fixed Assets
The congregatlon owns the Church. the Church Hall and other land5 sltuated at 21 Grove Road, Shankbridge, B8llymena.
These have a combined insurance value of £1.544,930. The Manse Is sltuated at 38 Grove Road, Kells, Ballymena and ha5
an Insurance value of £596,316. The chuich also owns 20 acres of farmland attached to the manse and has a value of
£200,000,
Investments
The con8regatlon has the followlng Investment.
20Z3
2022
Investment Account
Fixed Term Deposlt Account
Treasury Flxed Term Deposlt Account
201.507
72,911
274,418
274A18
274,418
Amounts recelvabl•
At the end of the year the followlng amounts were owed to the congregatlons
2023
2022
Glft Ald
5,758
5,758
4,793
4.793
Cash and bank balances
2023
2022
General Account
Bulldln8 Account
30,539
33,149
1,077
34,226
30,539
Amount5 owed
2023
2022
Accountancy fee
720
720
720
720
Approved on behalf of the Kirk Session on 11 March 2024 and sl8ned bv
Rev John Coates
Trnstee

KEILSWATER REFORMED PRESBYTERIAN CHURCH
NOTES TO THE ACCOUNTS
31 December 2023
Accountin8 pollcles
BASIS OF FINANCIAL STATEMENTS
As the total Income of the congregation Is less than £250.000 the con8regation 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 capitsl of whlch must be retalned elther permanently or at the congre8atlon's dlscretlon..
the Income derived from the endowment Is to be used elther as restricted or unrestrlcted income funds depending upon
the purpose for svhich the endowment was establlshed In the first place.
Restrirted funds comprlse lal income from endowments whlch Is to be expended only on the restricted purposes intended
by the donor and Ibl revenue donations or grants for a specific congregatSonal artivity intended by the donor. Where these
funds have unspent balances, Interest on thelr pooled investment Is apportioned to the indivldual funds on an average
basls.
Unrestrlcted funds are income funds which are to be spent on the congregatton's general purposes. Deslgnated funds are
general fund5 set aside by the congregation for use In the future.
DONATIONS AND LEGACIES
Unrestrfrted
Funds
Restrltted
Fund$
Bequest
Fund$
Total Funds
2023
Total Funds
2022
Recorded giving
L005e collectlons
Donatlons and gfts
Glft Ald
Le8acies & Bequests
34,004
10.696
2,107
6.830
a4,1)04
10.696
2,107
6,830
31,850
14.122
3.237
4,269
72,911
126.389
53,637
53,637
CHARITABLE ACTIVITIES
Unre5trlcted
Funds
Restricted
Funds
Bequest
Funds
Total Funds
2023
Total Funds
2022
Income from charltable actfvities

KELLSWATER REFORMED PRESBYTERIAN CHURCH
NOTES TO THE ACCOUNTS Icont'dl
OTHER TRADING ACTIVITIES
Unrestrlrted
Funds
Restrirted
Funds
8equÈst
Funds
Total Funds
2023
Total Funds
2022
Letting of premlses
10,839
10,839
10.8a9
10,839
10,826
10,826
INVESTMENTS
Vnrestrfcted
Fund5
Restrittèd
Funds
Bequest
Funds
Total Funds
2023
Total Funds
2022
Bank Interest receNed
97
97
666
666
763
763
412
412
OTHER INCOME
Unrestrlcted
Funds
Restrl¢ted
Funds
Bequest
Funds
Total Funds
2023
Total Funds
2022
Other Income
1,593
1,593
1,593
1.593
RAISING FUNDS
Unrestrlcted
Funds
Restri¢ted
Funds
Bequest
Funds
Total Funds
20Z3
Total Funds
2022
FWO envèlopes
CHARrrABLE AcnviTES
Unrestrlcted
Fund$
Restrlcted
Fund$
Bequest
Funds
Total Funds
2023
Total Funds
2022
RPCI MIs51on and Mlnistry targets
Presbytery fees
Ministry and 5UPPQrt staff costs
Congregational runnin8 expenses
Donatlons to Missions and charities
Governance costs
7,570
214
33,114
16.990
9,656
1.448
6B,992
7.570
214
33.114
18,067
9.656
1,448
70,069
7,020
181
31.659
12,994
11,221
1,131
64,206
{1,0771

KELLSWATER REFORMED PRESBYTERIAN CHURCH
NOTES TO THE ACCOUNTS Iconvdl
OTHER EXPENDITURE
Unrestrkted
Funds
Restrlcted
Fund5
Bequest
Funds
Total Funds
2023
Total Funds
2022
Letting expenses
450
450
450
450
450
450
10. FUND BALANCES
Unre5trlrted Funds
2023
2022
General fund
30,539
30.539
33.149
33,089
Restrlrted ￿Thd$
2023
2022
Property fund
1,077
1,077
equest Fund5
2023
2022
Bequest fund
274.418
274,418
274,418
274,418
Ilv)
Reconclllatlorb of movement of funds
Openln8
balance
Intome
Empendlture
Transfer
Closlng
balance
Unre5trl¢ted Funds
General Fund
33.149
33,149
66.166
66,166
169,4421
169,442?
666
30,539
30,539
666
Restrlrted Funds
Property Fund
1,077
1,077
11.0771
11,077)
Bequest Funds
Bequest Fund
274,418
274N18
308,644
666
666
(6661
16661
274,418
274.418
Total
66.832
{70,5191
304,957
io