## **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.