KELLSWATER REFORMED PRESBYTERIAN CHURCH
STATEMENT OF FINANCIAL ACTIVITY
For the year ended 31 December 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Note|Unrestricted|Restricted|Bequest|Total|Funds|Total|Funds|
|Funds|Funds|Funds|2025|2024|
|£|£|£|£|£|
|Income|and|Endowments|from:|
|Donations|and|legacies|2|55,721|-|-|55,721|54,247|
|Charitable|activities|3|-|-|-|-|-|
|Other trading|activities|4|11,156|-|-|11,156|11,053|
|Investments|5|104|-|12,623|12,727|11,581|
|Other|income|6|83|-|-|83|70|
|Total|67,064|-|12,623|79,687|76,951.|
|Expenditure|on:|
|Raising funds|7|(249)|-|-|(249}|-|
|Charitable|activities|8|(74,380)|-|-|(74,380)|(65,720)|
|Other|9|{6,480)|-|-|(6,480)|(2,845)|
|Total|(81,109)|-|.|(81,109)|(68,565)|
|Net|Income/({expenditure)|(14,045)|-|-|(14,045)|(3,096)|
|Transfers|between|funds|12,623|-|(12,623)|-|-|
|Net|movement|in|funds|(1,422)|-|-|{1,422)|8,386|
|Reconciliation|of funds:|
|Total|funds|brought forward|38,925|-|274,418|313,343|304,957|
|Total funds|carried forward|37,503|-|274,418|311,921|313,343|
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KELLSWATER REFORMED PRESBYTERIAN CHURCH7
STATEMENT OF ASSETS AND LIABILITIES
‘As at 31 December 2025
1, Fixed Assets
The congregation owns the Church, the Church Hall and other lands situated at 21 Grove Road, Sha nkbridge, Ballymena. These have a combined insurance value of £1,544,930. The Manse is situated at 38 Grove Road, Kells, Ballymena and has an insurance value of £596,316. The church also owns 20 acres of farmland attached to the manse and has a value of £200,000.
Investments
| The congregation has thefollowinginvestment. | The congregation has thefollowinginvestment. | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Treasury FixedTerm DepositAccount | 274,418 | 274,418 | ||
| 274,418 | 274,418 | |||
| 2. | Amounts receivable | |||
| Attheend oftheyear thefollowingamountswereowed | owedto the congregations | |||
| 2025 | 2024 | |||
| £ | £ | |||
| GiftAid | 5,820 | 5,485 | ||
| 5,820 | 5,758 | |||
| 3. | Cash and bank balances | : | ||
| 2025 | 2024 | |||
| £ | £ | |||
| GeneralAccount | 37,503 | 38,925 | ||
| BuildingAccount | ee | |||
| 38,925 | 30,539 | |||
| 4. | Amountsowed | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Accountancy fee | 840 | 840 | ||
| PAYE | 1,506 | 1,247 | ||
| 2,346 | 2,087 |
Approved on behalf of the Kirk Session on 23 March 2026 and signed by
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Rev John Coates
Trustee
by lw
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John O'Neill
Trustee
Joe owed
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KELLSWATER REFORMED PRESBYTERIAN CHURCH
NOTES TO THE ACCOUNTS
31 December 2025
1. 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 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 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 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 AND LEGACIES
| Unrestricted | Restricted | Bequest | Total Funds | Total Funds | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Recorded giving | 35,925 | - | - | 35,925 | 32,275 |
| Loose collections | 12,282 | - | - | 12,202 | 8,970 |
| Donationsand gifts | - | - | - | : | 1,520 |
| GiftAid | 7,514 | - | - | 7,514 | 8,482 |
| Legacies & Bequests | > | - | - | - | - |
| 55,721 | - | - | 55,721 | 54,247 | |
| 3. CHARITABLE ACTIVITIES |
|||||
| Unrestricted | Restricted | Bequest | Total Funds | Total Funds | |
| Funds | Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Incomefromcharitableactivities | - | - | - | - | - |
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KELLSWATER REFORMED PRESBYTERIAN CHURCH
NOTES TO THE ACCOUNTS (Cont’d}
4. OTHER TRADING ACTIVITIES
| Unrestricted | Restricted | Bequest | Total Funds | Total Funds | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Lettingofpremises | 11,156 | - | - | 11,156 | 11,053 | |
| 11,156 | . | - | 11,156 | 11,053 | ||
| 5. | INVESTMENTS | |||||
| Unrestricted | Restricted | Bequest | Total Funds | Total Funds | ||
| Funds | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Bank interest received | 104 | - | 12,623 | 12,727 | 11,581 | |
| 104 | - | 12,623 | 12,727 | 11,581 | ||
| 6. | OTHER INCOME | |||||
| Unrestricted | Restricted | Bequest | Total Funds | Tota! Funds | ||
| Funds | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Other income | 83 | - | - | 83 | 70 | |
| 83 | - | - | 83 | 70 | ||
| 7. | RAISING FUNDS | |||||
| Unrestricted | Restricted | Bequest | Total Funds | Total Funds | ||
| Funds | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| FWO envelopes | 249 | - | - | 249 | - | |
| 249 | - | - | 249 | - | ||
| 8. | CHARITABLE ACTIVITES | |||||
| Unrestricted | Restricted | Bequest | Totat Funds | Total Funds | ||
| Funds | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| RPC] Missionand Ministry targets | 8,760 | - | - | 8,760 | 7,310 | |
| Presbyteryfees | 385 | - | - | 500 | 175 | |
| Ministryand support staffcosts | 37,483 | - | - | 37,483 | 33,935 | |
| Congregational running expenses | 20,375 | - | - | 20,080 | 17,500 | |
| Donations to Missions and charities | 6,199 | - | - | 6,379 | 5,636 | |
| Governance costs | 1,178 | - | - | 1,178 | 1,164 | |
| 74,380 | - | - | 74,380 | 65,720 |
5. INVESTMENTS
6. OTHER INCOME
7. RAISING FUNDS
8. CHARITABLE ACTIVITES
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KELLSWATER REFORMED PRESBYTERIAN CHURCH
NOTES TO THE ACCOUNTS (Cont'd)
| 9. | OTHER EXPENDITURE | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Bequest | Total Funds | Total Funds | ||
| Funds | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Lettingexpenses | 500 | - | - | 500 | 545 | |
| MinistryStudent Support | 5,980 | - | - | 5,980 | 2,300 | |
| 6,480 | - | - | 6,480 | 2,845 |
10. FUND BALANCES
| (i} | Unrestricted Funds | Unrestricted Funds | |||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 | ||||||
| £ | £ | ||||||
| : | General fund | 37,503 | 38,925 | ||||
| : | 37,503 | 38,925 | |||||
| (ii) | Restricted Funds | ||||||
| 2025 | 2024 | ||||||
| £ | £ | ||||||
| Propertyfund | - | - | |||||
| (iii) | BequestFunds | ||||||
| 2025 | 2024 | ||||||
| £ | £ | ||||||
| Bequestfund | 274,418 | 274,418 | |||||
| 274,418 | 274,418 | ||||||
| (iv) | Reconciliation | ofmovement | offunds | ||||
| Opening | income | Expenditure | Transfer | Closing | |||
| balance | balance | ||||||
| £ | £ | £ | £ | £ | |||
| Unrestricted | Funds | ||||||
| General Fund | 38,925 | 67,064 | (81,109) | 12,623 | 37,503 | ||
| 38,925 | 67,064 | {81,109} | 12,623 | 37,503 | |||
| Restricted Funds | |||||||
| Property Fund | - | - | - | - | - | ||
| Bequest Funds | |||||||
| Bequest Fund | 274,418 | 12,623 | - | (12,623) | 274,418 | ||
| 274,418 | 12,623 | 274,418 | |||||
| Total | 313,343 | 79,687 | (81,109) | - | 311,921 |
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