Killyleagh Congregation of the Presbyterian Church in Ireland
(Known as, Killyleagh Presbyterian Church)
Statement of Financial Activity (Receipts and Payments Account) for the year ended 31 December 2024 :
| Receipts : Sale of Coiley Hill Manse Free Will / Loose Offering Killyleagh Community (Charity) Shop Proceeds Gift Aid Tax Refunds Rental income (Net of Agent Fees) Donations Special Collections Investment Income Other (including Periodicals) Burial Fees etc. Bequests Fund Raisers Bank Interest Received Total Receipts = Payments : Minster's Costs (Vac.Convenor / Supply Fees) Charitable Donations Property Repairs / Upkeep Running Costs PCI / Presbytery Assessments Other Salaries - Organist/Cleaner etc. Legal / Estate Agent Fees - Sale of Coiley Hill Manse Charity Shop Overheads Investment Income Disbursements Other (incl.Periodicals) Bank Charges Property Purchase - Charity Shop Premises + Flat Total Payments = Net Receipts / (Payments) = Transfer between Funds Funds brought forward Funds carried forward = |
Unrestricted Restricted Endow. Total 2024 Total 2023 Funds Funds Funds 295,000 295,000 0 81,186 81,186 73,971 34,925 34,925 34,013 13,824 3,548 17,372 19,730 11,840 11,840 9,182 12,225 12,225 4,429 9,509 9,509 10,830 4,046 4,061 8,107 6,387 497 5,458 5,955 6,302 3,745 3,745 2,450 3,000 3,000 8,000 1,746 1,746 2,176 954 954 0 |
|---|---|
| 102,553 383,011 0 485,564 177,470 |
|
| 57,898 57,898 55,583 53,994 53,994 53,114 50,461 50,461 15,952 15,380 6,364 21,744 19,555 21,798 21,798 21,673 17,476 17,476 17,476 5,812 5,812 0 5,365 5,365 4,947 1,240 1,240 1,253 1,100 1,100 640 91 958 1,049 1,720 0 0 107,337 |
|
| 112,643 125,294 0 237,937 299,250 |
|
| (10,090) 257,717 0 247,627 (121,780) (5,938) 5,938 0 0 49,112 136,858 0 185,970 307,750 |
|
| 33,084 400,513 0 433,597 185,970 |
Note - The Killyleagh Community Shop Limited - consolidated into these KPC Accounts - have their Accounts audited by a third party - under the NICC No. 100262.
Killyleagh Congregation of the Presbyterian Church in Ireland
(Known as, Killyleagh Presbyterian Church)
Statement of Assets and Liabilities - as at 31 December 2024 :
| Unrestricted Restricted Endow. Funds Funds Funds Funds Reconciliation : Bank & Cash / (Overdraft) 49,112 136,858 Net Movement of Funds - incl.Trsf.s (16,028) 263,655 Bank & Cash / Overdraft) 33,084 400,513 0 (at end of Year) Bank & Cash Balances : Church Bank Accounts :- Investment Income Account Building Renov./Repairs Account Youth Mission Account General / Current Account Seaside Manse Account Social / Fund Raising Account Sunday School Account Graveyard Account Organisation Accounts :- Charity Shop Account (incl £ 40 Cash Float) Girls' Brigade Account P.W. Account Choir Account Account Killyleagh Tots (Cash-in Hand) Boys' Brigade Account (not currently operating !) - Monies used to purchase the Charity Shop premises + Flat above now re-imbursed having sold the Coiley Hill Manse during 2024. Other Assets : Fixed Assets :- (As per Insured Valuations as at :- Church Buildings - 2 of - incl. Plantation St. Organ - in excess of £ 150,000. Church Halls - 2 of Manse - 1 of (incl. Contents) - 2023 had 2 Manses Catherine Street Flats Killyleagh Community (Charity) Shop + Flat above (Values as per Insured Valuation Schedule.)* ( - Charity Shop Premises + Flat costs (incl. Fees) in 2023 = 107,337 Total Fixed Assets |
Unrestricted Restricted Endow. Funds Funds Funds 49,112 136,858 (16,028) 263,655 |
Total Funds Total Funds 2024 2023 185,970 307,750 247,627 (121,780) 433,597 185,970 253,240 11,136 57,264 24,220 44,228 45,149 33,084 49,112 20,526 20,021 6,539 6,619 4,722 4,291 3,467 10,131 3,844 8,208 3,307 2,101 2,286 3,941 1,028 1,028 62 13 0 0 433,597 185,970 31/10/24 31/10/23 ) 5,984,254 5,793,082 2,009,368 1,945,178 573,405 1,075,884 618,229 599,018 206,600 200,000 ) 9,391,856 9,613,162 |
|---|---|---|
| 33,084 400,513 0 |
Killyleagh Congregation of the Presbyterian Church in Ireland
(Known as, Killyleagh Presbyterian Church)
| Investments - PCI General Investment Funds (as valued at Market value 31/12/24 and 31/12/23 respectively.) Total Assets = (having sold one Manse during 2024) Liabilities : Donations collected and remain due to Overseas Missionaries Total Liabilities = |
342,896 327,415 |
|---|---|
| 10,168,349 10,126,547 (8,972) (9,394) |
|
| 10,159,377 10,117,153 |
Approved by the Kirk Session held on 17/06/25 - and signed on the Kirk Session's behalf :-
| Signed : | Graham Furey | Signed : | James Mcilveen |
|---|---|---|---|
| Mr. Graham Furey (Clerk of Session) | Mr.James | Mcilveen (Church Treasurer) | |
| Dated : | 17/06/25 | Dated : | 17/06/25 |
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income (that excludes the Sale Proceeds of the Coiley Hill Manse) 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 balance 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.