Killyleagh Presbyterian Church - of the Presbyterian Church in Ireland Statement of Financial Artivity (Receipts and Payments Account) for the year ended 31 December 2022 . Unrestricted Restricted Endow. Funds Funds Funds Total 2022 Total 2021 Receipts . Free Will / Loose Offering Charity Shop Proceeds-'NEW'_> Rental income (Net of Agent Fees) Special Collections Gift Aid Tax Refunds Ire TY 2020/21-> Dec.'201 Donations Investment Income Bequests Fund Raisers Burial Fees etc. Other (including Periodicals) 71,557 71,557 24,501 21,339 15,410 14,666 6,263 6,632 4,015 2,881 2,560 2,720 69,948 i Openlnq Bul.=* 22,261 21,339 15,410 3,192 5,943 3,322 29,782 9,326 13,694 7,327 6,388 340 2,540 1,855 324 11,474 320 3,310 4,015 2,881 2,560 2,557 163 Total Recelpts = 93,079 79,465 172,544 141,524 Payments . Running Cost5 Charitable Donations Property Repairs / Upkeep Other Salaries- Organist/Cleaner etc. PCI / Presbytery Assessments Minster's Costs {Vac,Convenor/ Supply Fees) Charity Shop Overheads Investment Income Disbursements Other lincl.Periodicals/New Min.Install.Costsl Bank Charges Upgrading Sound / Power Point - Catherine St. 13,723 7,321 33,806 22,111 21,044 33,806 22,111 17,457 15,265 38,773 6,263 2,142 5,870 1,484 21,911 23,702 2,766 17,534 10,412 9,905 17,457 15,265 38,773 6,263 2,142 1,844 395 17 4,026 1,089 840 10,209 Total Receipts= 90,333 73,882 164,215 97,296 Net Receipts / (Payments) = 2,746 5,583 8,329 44,228 Transfer between Funds 18,579) 8,579 Funds brought forward 74,646 224.775 299,421 255,193 Funds carried forward = 68,813 238,937 307,750 299,421 Note- The Killyleagh Community Shop Limited have now been incorporated into the KPC 2022 Account5- with the 'Shop' Accounts having been reviewed / audited by a third party.)
Killyleagh Presbyterian Church - of the Presbyterian Church in Ireland Statement of Assets and Liabilities - as at 31 December 2022 . Unrestricted Restricted Endow. Funds Funds Funds Totsl Funds Totsl Funds 2022 2021 Funds Reconciliation . Bank & Cash / {Overdraft) Net Movement of Funds 74,646 (5,8331 224,775 14,162 299,421 8,329 255,193 44,228 Bank & Cash / Overdraft) (at end of Year) 68,813 238.937 307,750 299.421 Bank & Cash Balances . Church Accounts General / Current Account Building Renov./Repairs Account Investment Income Account Youth Mission Account Seaside Manse Account Graveyard Account Social / Fund Raising Account sunday School Account Organisation Accounts . P.W. Account Girls, Brigade Account Choir Account Account Boys, Brigade Account (not currently operatin811 Charity Shop Account -'NEW'.>' 68,813 72,534 60,750 45,187 19,682 11,238 7,394 4,329 74,646 68,351 57,907 42,810 22,548 12,356 7,293 3,873 74,646 68,351 57,907 42,810 22,548 12,356 7,293 3,873 6,318 2,301 1,060 210 7,934 5,789 * 2,555 * 1,083 210 5,789 2,555 1,083 210 corrected I 307,750 299,421 299.421 Other Assets . Fixed A55ets . (As per Insured Valuations as at 31110/22 31/10/21) Church Buildings- 2 of incl. Plantation St. Organ - in exce55 of £ 100,000. Church Halls - 2 of Manses- 2 of (incl. Content51 Catherine Street Flats (Values as per Insured Valuation Schedule.) 5,554,880 4,867,274 1,831,'617 1,647,137 1,012,807 878,386 541,259 486,744 Total Fixed Assets 8,940,563 7,879,541
Investments - PCI General Investment Funds (valued at Market valLie 31112122 and 31/12/21 respectively.) 300,243 311,989 Total Assets = 9,548,556 8,490,951 Liabilities Donations due to Overseas Missionaries 19,6571 17,1251 Total Liabilities 9.538,899 8.483,826 Approved by the Kirk Session held on ??10?/23 and signed on the Kirk Session'5 behalf :. Signed Mr. Graham Furey (Clerk of Session) Dated 22/08123 Signed Mr.James Mcilveen (Church Treasurer) Dated 22108123
KILLYLEAGH CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND 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 lal income from endowments which Is to be expended only on the restricted purposes intended by the donor and Ibl 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 ba lance basis. Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated fund5 are general funds set aside by the congregation for use in the future.