SECOND LIMAVADY PRESBYTERIAN CHURCH A Congregation of the Presbyterian Church in Ireland STATEMENT OF FINANCIAL ACTIVtTY (Receipts and Payments Account) for the year ended 31st December 20223 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 62424 36499 3400 5018 357 4575 98923 3400 11098 992 6847 91174 3400 7788 390 3829 6080 635 2272 Sale Of Investments Sale Of Fixed Assets Loans Received Total Receipts 71411 49849 121260 106581 Payments Raising Funds Charitable activities InvestLn¢nt Costs Other 700 73373 5113 52925 5813 126298 999 100521 Purchase Of Investments Purchase Of Fixed Assets Loan Repayments Total Payments 74073 58038 132111 101520 Net Receipts/(Payments) Transfers between Funds -2662 3511 -8189 -3511 -10851 5061 Net movement of funds Reconciliation of funds Total funds brought forward 849 -11700 -10851 5061 69922 61847 31107 162876 157815 Total funds carried forward 12 70771 50147 31107 152025 162876 PAGE I SECOND LIMAVADY PRESBYTERIAN CHURCH A Congregation of the Presbyterian Church in Ireland STATEMENT OF ASSETS AND LIABILITIES for the year ended 31st December 2023 Funds Reconciliation Bank And Cash At Start Of Year 69922 61847 31107 162876 157815 Net Movement In Funds 849 -] l700 -10851 5061 Bank And Cash At End Of Year 70771 50147 31107 152025 162876 Bank And Cash Balances Bank Deposit Accounts Bank Current Accounts Cash In Hand 18,808 101,956 154 18,808 112,865 96 120,918 131,769 Other Assets Fixed Assets- Note 10 Church Premises Fixtures Fittings & Equipment Vehicles Investments - Note I I Gift Aid receivable On Donations 31,107 31,107 31107 31107 Liabilities Loans Other Approved by the Kirk Session at a meeting on behalf by and Si￿ed on its NAME DATE ,,11, (Vl DATE PAGE 2 SECOND LIMAVADY PRESBYTERI￿￿ CHURCH A Congregation of the Presb}-terian Church in Ireland NOTES TO THE ACCOUNTS 31st December 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250000 the congregation has elcctcd in accordance with the provisions in The Charitics (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 pernianently or at thc congregation's discretion. the income derived from the cndowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was establishcd 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, arc 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 Recorded Giving . Loose Collections Donations And Gifts Gift Aid Legacies And Bequests 50543 875 170 10836 15955 11226 7429 1889 66498 12101 7599 12725 69993 3909 928 14169 2175 62424 98923 91174 PAGE 3 SECOND LIMAVADY PRESBYTERtAN CHLRCH A Congregation of the Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont'd) 31st December 2023 CHAIUTABLE ACTIVITIES Income from Charitable Activities Fees from Weddings and Funerals Grants 3400 3400 3400 3400 3400 3400 OTHER TRADING ACTIVITIES Fundraising Events Letting Of Premises Trading Income 5018 5018 6080 2640 5148 6080 6080 5018 11098 7788 INVESTMENT INCOME Deposit Interest General Investment Fund Property Rents Other Investment Income 226 12 238 257 409 345 754 133 635 357 992 390 PAGE 4 SECOND LIMAVADY PRESBYTEIUAJ CHLRCH A Congregation of the Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont'd) 31st December 2023 OTHER INCOME Proceeds on sale of fixed assets and investments Insurance Claims Myroe Presbyterian Church Other Income 1312 960 4545 30 5857 990 3529 300 2272 4575 6847 3829 RAISING FUNDS FWO Envelopes Fundraising Events 700 280 4833 980 4833 999 700 5113 5813 999 CHARITABLE ACTIVITIES General Assembly Assessments Presbytery Fees Ministry and Support Staff Costs Utilities Insurances Congregational Running Expenses Repair & Maintenance Organisations Running Expenses Donations to Missions and Charities Governance Costs 12774 408 44069 8048 3577 4497 12774 408 44069 8048 3577 4867 25131 9365 12103 404 41020 6891 3572 4242 9982 7590 370 25131 9365 14075 3984 14075 3984 10615 4102 73373 52925 126298 100521 PAGE 5 SECOND LIMAVADY PRESBYTERtAN CHURCH A Congregation of the Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont'd) 31st December 2023 OTHER EXPENDITURE Investment Properties Expenses 10. FIXED ASSETS The congregation owns the Church premises situated at 58 Irish Green Street Limavady and the associated fixtures, fittings, plant and machinery. These have an insurance value of £5069780 at the last renewal date 31 st October 2023. 11. INVESTMENTS The congregation has the following investsnents. Amounts are shown at market valuation. 2023 2022 General Investment Fund Property Other Investments 31,107 31,107 31107 31107 PAGE 6 SECOND LIMAVADY PRESBYTERIAN CHURCH A Congregation of the Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont'd) 31st December 2023 10. FUND BALANCES (i) Unrestrieted Funds 2023 ?022 General Fund General Fund (Bequest) 42765 28006 41916 28006 70771 69922 (11) Restricted Funds 2023 2022 Property Fund Property Fund (Bequest) Missions And Charities Fund Sunday School Catering Fund McKay Trust Flower Fund Youth Fellowship Music Group Presbyterian Women Boys Brigade Girls Brigade Parent & Toddler Choir Bowling Club Bits & Bobs Craft Group Ladies Afternoon Bowls 29573 13220 42483 13220 495 499 120 58 72 393 1142 2275 828 88 1384 499 120 72 673 574 2065 858 88 1022 173 50147 61847 (111) Endowment Funds 2023 2022 General Fund Property Fund Sunday School McKay Trust Endowments for Others 11330 12888 3385 1043 2461 11330 12888 3385 1043 2461 31107 PAGE 7 SECOND LIMAVADY PRESBYTERIAN CHURCH A Congregation of the Presbyterian Church in Ireland NOTES TO THE ACCOUNTS (cont'd) 31st December 2023 10. FUND BALANCES (Iv) Reeonciliation OF MOVEMENT OF FUNDS Unrestricted Funds Balancc at Start Income Expend. Gains/ Transfer Balance Losses at End General Fund General Fund (Bequest) 41916 28006 71411 74073 3511 42765 28006 69922 71411 74073 3511 70771 Restricted Funds Property Fund Propety Fund (Bequest) Missions And Charities Fund Sunday School Catering Fund McKay Trust Flower Fund Open Door Café & Fellowship Music Group Presbyterian Women Boys Brigade Girls Brigade Parent & Toddler Choir Bowling Club Bits & Bobs Craft Group Ladies Afternoon Bowls 42483 13220 12501 25411 29573 13220 8956 59 800 18 8956 148 222 89 -582 -18 499 495 120 120 58 72 393 1142 2275 828 88 1384 499 10671 9013 -1600 72 673 574 2065 858 88 1022 173 3070 5729 6394 3150 4961 5984 30 -200 -200 -200 1225 426 163 -700 -100 61847 49849 58038 -3511 50147 Endowment Funds General Fund Property Fund Sunday School McKay Trust Endowments for Others 11330 12888 3385 1043 2461 11330 12888 3385 1043 2461 31107 31107 TOTAL 162876 121260 lJ2111 152025 PAGE 8 SECOND LIMAVADY PRESBYTERIAN CHURCH A Congregation of the Presbyterian Church in Ireland Fund Balances 2023 2022 Cash in Hand 154 96 Progressive Building Society 1 Year Fixed Bond 13,030 13,030 Progressive Building Society 2 Year Fixed Bond 30,107 30,107 Virgin Money Deposit Account 6,778 6,778 Deposits 49,915 49,915 Danske Bank Current Account 95,370 107,436 Presbyterian Women Bank Account 393 673 Boys Brigade Bank Account 1,142 574 Girls Brigade Bank Account 2,275 2,065 Parent & Toddler Group Bank Account 829 858 Bowling Club Bank Account 1,384 1,022 Bits & Bobs Craft Group Bank Account 499 173 Choir Account 64 Current Accounts 101,956 112,865 Total 152,025 162,876