Killyleagh Congregation of the Presbyterian Church in Ireland (Known as. Killyleagh Presbyterian Church) Statement of Flnanclal Artivlty (Receipts and Payments Account) for the year ended 31 December 2023 . Unrestrlcted Restricted Endow. Funds Funds Fund5 Total 2023 Total 2022 Receipts: Free Will / Loose Offering KTllyleaEh Community (Charity) Shop Proceeds Gift Aid Tax Refunds {re TY 2021122-> Dec.'22) Special Collections Rentsl income (Net of Agent Fees) Investrnent Income Bequests Other (including Periodicals) Donations Fund Raisers Burial Fees etc. 73.971 73.971 34.013 19,730 10.830 9.182 6.387 71.557 24,501 14,666 15,410 21.339 6,632 4.015 2.720 6.263 2,881 2,560 34,013 5,670 10.830 9,182 3,199 14,060 3.188 425 5,877 4.352 2,176 2,450 6.302 4,429 2,176 2,450 77 Total Recelpts= 99.721 77.749 177,470 172.544 Payments . Property Purthase - Charity Shop Premises + Flat Minster's Costs (Vac.Convenor I Supply Fees) Charitable Donations PCI / Presbytery Assessments Running Costs Other Salaries - Organisvcleaner etc. Property Repairs / Upkeep Charity Shop Overheads Bank Charges Investment Income Dlsbursements Other (ind.Periodicals) 107,337 107,337 55,583 53,114 21,673 19,555 17,476 15,952 4.947 1,720 1,253 640 55,583 38,773 33,8( 15,265 21,044 17,457 22,111 6,263 53.114 21,673 14,260 17,476 5,295 15,952 4,947 732 1,253 988 2,142 5.870 Total Payments = 109.980 189.270 299.250 164.215 Net Receipts / (Payments) = {10,259) {111.521) (121,780) 8,329 Transfer between Funds {9.442) 9.442 Funds brought forward 68,813 238,937 307,750 299.421 Funds carried fOard = 49,112 136,858 185,970 307,750 Note- The Killyleagli Coii)Illui lily Sliuy Liiiiilgd- Luitsullddled Into these Kpi Accounts- havÈ thÈir Accounts reviewed ] audited by a third party- under the NICC No. 100262.
Klllyleagh Congregation of the Presbyterian Church in Ireland (Known as, Killyleagh Presbyterian Church) Statement of Assets and Llabllities- as at 3IDeMber 2023 . unrestricted Restricted Endow. Funds Fund5 Fund5 Total Funds Total Funds 2023 2022 Funds Reconciliation . Bank & Cash / Ioverdraft) Net Movement of Funds 68,813 238.937 {19.7011 (102.0791 307,750 (121.780) 299.421 8.329 Bank & Cash / Overdraft) (at end of Year) 49.112 136.858 185.970 307,750 Bank & Cash Balance5 . Church Bank Accounts : General / Current Account Youth Mission Account Bullding Renov./Repairs Account Seaside Manse Account Investment Income Account Graveyard Account Social / Fund Raislng Account Sunday School Account Organisation Accounts : Charity Shop Account (incl £40 Cash Floot) P.W. Account Girls, Brigade Account Choir Account Account Killyleagh Tots {Cosh-in Hond) Boys, Brigade Account (not currently operating !) 49,112 45,149 24,220 20,021 11,136 10,131 6,619 4.291 68,813 45,187 72,534 19,682 60,750 11,238 7,394 4.329 8,208 3,941 2,101 1,028 7,934 6,318 2,301 210 ** - Monies used to purchase the Charity Shop premises + Flat above are to be re-imbursed once the Coiley Hill Manse is sold. 185.970 307.750 Fixed Assets :_ (Asper Insured Valuotions as at:. 31/10/23 3V10/22 J Church Buildings - 2 of - incl. Plantation St. Organ - in e5$ of £ IlJO,IXJO. Church Halls - 2 of Manse5- 2 of Ilncl. Contents) Catherine Street Flats Killyleagh Community (Charity) Shop + Flat above (Value5 a5 perlnsured Valuatlon Schedule.J {. _ Charity Shop Premises + Flat costs (ind. Fees) 5,793,082 5,554,880 1,945,178 1,075.884 599,018 200,000 * 1.831,617 1,012,807 541,259 107,337 1 Total Fixed Assets 9.613.162 8.940,563
Klllyleagh Congregation of the Presbyterian Church in Ireland (Known as, Killyleagh Presbyterlan Church) Investments- pa General Investment Funds (valued at Market value 3VIV23 and 31/12122 respectlvety.) 327.415 3(1).243 Totsl Assets- 10.126.547 9,548,556 Liabilities Donations due to Overseas Missionaries 19.394) {9,6571 Total Liabilities = 10.117.153 9.538.899 Approved by the Kirk Session held on 14/05/24 - and signed on the Kirk Sesslon's behalf :_ Signed . Mr.James Mcilveen (Church Treasurer) Dated . 14105124 Mr. Graham Furey (Clerk of Session) Dated . 14/05124 ACCOUNTING POLICIES BASIS OF FINANCIAL sfATEMEpirs As the total income of the Congregation is less than £250.(1 the Coneregation have elected in accordan wwth the provisions in The Charities (Accounts and Reports Regulations (Northem Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Endowment funds are fund5. the capital of which must be retained either pemlanently or at the Congregation's discretion: the income derived from the endowment 15 to be used either as restricted or unre5tritted Income fund5 depending upon the purpose for which the endowment wa5 estsblished in the first place. Restricted funds comprise (a) income from endowments which is to be expended only on the restrfrted purposes intended by the donor and {b) revenue donations or ants for a specific congregational artivity intended by the donor. Where these funds have unspent balan5, interest on their pooled investment is apportioned to the Individual funds. on an average balan basis. Unrestrirted 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.