KEILSWATER REFORMED PRESsERIAN CHURCH STATEMENT OF FINANaAL AcnviTY For the yearended 31 December 2024 Note Unrestrlrted Funds Restricted Funds Bequest Funds Total Funds 2024 Total Funds 2023 Income and Endowments from". Donatlons and legacles Charltable actlvFties Other tradin8 activities Investments Other income Total 54,247 54,247 53,537 11.053 99 70 65,469 11,053 11,581 70 76,9SI 10,839 763 1,593 11.482 IIM82 Expendlture on: Raising fund5 Charltable actlvities Other Total 165.7201 12,8451 {68.5651 130961 11,482 165.7201 12,8451 168.5651 13,0961 170.0691 14501 (70,5191 13,6871 NÈt 1ncomel1exndItvrQl Transfers between funds Net rnovement Infunds 11.482 8,386 13,6871 R•¢on¢lll•tlon of funds: Total funds brought forward Totsl funds carried forward 30.539 38,925 274,418 274A18 304,957 313,343 308,644 304,957
KELLSWATER REFORMED PRESBYTERIAN CHURCH7 srATEMENT OF ASSETS AND LIABILFfiES As at 31 December 2024 Flxed AssÈts The congregation owns the Churth. the Church Hall and other lands Situated at 21 Grove Road, Shankbrldge. Ballymena. These have a combined Insurance value of £1,544,930. The Manse Is sltuated at 38 Grove Road, Kells. Ballymena and has an Insurance value of £596,316. The church also owns 20 acres of familand attached to the manse and has a value of £200.000. Investments The con8regatlon has the following investment. 2024 2023 Treasury FSxed Term Dep051t Account 274,418 274.418 274,418 274,418 Amount5 recel¥able At the end of the year the followln8 amounts were owed to the coft8re8ations 2024 2023 Gift Ald 5.485 5,485 5,758 5,758 Cash and bank balanS 2024 2023 General Account 8ulldlng Account 38,925 30,539 38,925 30,539 Amount$ owed 2024 2023 Accountanty fee PAYE 720 1,247 2,087 720 Approved on behall of the Kirk Session on 06 March 2025 and slgned by Rev John Coates John O'Nelll Trustee Trustee OAJ
KELLSWATER REFORMED PRESBYfERIAN CHURCH NOTES TO THE ACCOUNTS 31 DÈtÈmber 2024 Accountlng polldes BASIS OF FINANCIAL STATEMENTS As the total income of the congrÈgation Is less than £250,(knl the congregatlon have eFected in accordance wlth the provlslons In The Charities Accounts and Reports Regulatlons (Northern Ireland) 2015 to prepare its attounts on a CeIptS and payments basis. FUND ACCOUNTING Endowment funds are funds. the capital of whlch must be retained Èither permanently or at the congregatlon's discretlon,. the Income derived from the endowmentls to be used elther as re5trlcted or unrestricted income funds depend5ng upon the purpose for whlch the endowment was establlshed In the flist place. Restricted funds comprlse {al Income from endowtnents whlch Is to be expended only on the restricted purposes Intended by the donor and Ibl revenue donations or 8rants for a specltk congregational artivity intended by the donor. Where these funds have unspent balances, Interest on their pooled irwestment Is apportloned to the Indlvldual funds on an avera8e bas15. unStrICted funds are income fund5 whlch are to be spent on the congregation's general purposes. De51gnated funds are general funds set aslde by the congregatlon for use In the futu. DONATIONS AND LEGACIES Unrestrlrted Fund$ R¢strlrted Funds 8¢quest Funds Total Funds 2024 Total Funds 2023 Recorded glvlng Loose collectlons Donations and gift5 Gift Aid Legacies & Bequests 35,275 8,970 1,520 8,482 32,275 8,970 1.520 8,482 34,004 10,696 2,107 6,830 54.247 54,247 53,637 CHARITABLE ACTivinES Unre5trlrted Fund$ Restrlrted Fund$ Bequest Funds Total Funds 2024 Total Funds 2023 Income from charitable actlvltles
KELLSWATER REFORMED PRESBYTERIAN CHVRCH NOTES TO THE ACCOUNTS (Cont'd) OTHER TRADING AcfiviTIES Unrestrlcted Funds Restricted Funds Bequest Funds Total Funds 2024 Total Funds 2023 Lettin8 of premlses 11.053 I153 IIX153 11,053 10,839 10,839 INVESTMENTS Unrestrlcted Funds Restrlrted Fund$ Bequest Fund$ Total Funds 2024 Total Funds 2023 Bank Interest recelved 99 11.482. 11,482 11,581 11,581 763 763 OTHER INCOME Unresirfrted Funds Restrfcted Funds Bequest Funds Total Funds 2024 Total Funds 2023 Other Income 70 70 70 70 1,593 1,593 RAISING FUNDS Unrestrkted Funds Restrirted Fundi Bequest Fynds Total Funds 2024 Total Funds 2023 FWO envelopes & CHARITABLE ACTIVITES Unyestilcted Funds Restricted Funds Bequest Funds Total Funds 2024 Total Funds 2023 RPCI Mlsslon and Mlnistry tarEets Presbytery fee5 Ministry and support staff costs Con8re8ational running expense5 Donations to Missions and charities Governance costs 7.310 175 33,935 17.5C 5,636 1,164 65,720 7,310 175 33,935 17.500 5.636 1,164 65,720 7.570 214 33,114 18,067 9.656 1,448 70,069
KELLSWATER REFORMED PRESBYfERIAN CHURCH NOTES TO THE ACCOUNTS {ConYdl OTHER EXPENDITURE Unre5trkted Funds Restrlcted Funds Bequest Funds Total Funds 2024 Total Funds 2023 Letting expenses Mln1strySdentSUpp0rt 545 2,300 2A45 545 2,300 2,845 450 450 10. FUND BALANCÉS Unrestrlrted Funds 2024 2023 General fund 38,925 38,925 30,539 30,539 R•strirted Funds 2024 2023 Propertyfvnd Bequest Funds 2024 2023 Bequest fund 274.418 274,418 274,418 274,418 {Ivl Reconclllatlon of rnovement of funds Openlng balance Income Expenditure Transfer Closlng balance Llnrestrlcted Funds General Fund 30,539 30,539 65.469 65,469 168,5651 168,S65} 11.482 11,482 38,925 38,925 Restrlrted Fund5 Property Fund Bequest Funds Bequest Fund 274,418 274A18 304,957 11.482 IIA82 76,951 111,4821 274.418 274,418 313,343 Total 168,S65) io