SECOND LIMAVADY PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account)
for the year ended 31st December 2024
Receipts
Donations and legacies
Charitable activities
Other trading activities
Investment Income
Other
62125
37126
5268
5009
499
205
99251
5268
10870
1248
2002
98923
3400
11098
992
6847
5861
749
1797
Sale Of Investments
Sale Of Fixed Assets
Loans Received
Total Receipts
70532
48107
118639
121260
Payments
Raising Ilunds
Charitable activities
Investment Costs
Other
730
77656
371
42991
1101
120647
5813
126298
Purchase Of Investments
Purchase Of Fixed Assets
Loan Repayments
Total Payments
78386
43362
121748
132111
Net Receipts/{Paymcnts)
Transfers between Funds
-7854
5110
4745
-5110
-3109
-10851
Net movement of funds
Reconciliation of funds
Total funds brought fonvard
-2744
-365
-3109
-10851
70771
50147
31107
152025
162876
Total fLmds carried forward
12
680?7
4978?
31107
148916
152025
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 2024
Funds Reconciliation
Bank And Cash At Start Of Year
70771
50147
31107
152025
162876
Net Movement In Funds
-2744
-365
-3109
-10851
Bank And Cash At End Of Year
68027
49782
31107
148916
152025
Bank And Cash Balances
Bank Deposit Accounts
Bank Current Accounts
Cash In Hand
18,808
98,794
207
18,808
101,956
154
117.809
120,918
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 signed on its
NAME
NA
DATE
DATE
PAGE 2

SECOND LIMAVADY PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS
31st December 2024
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250000 the congregation has
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 pernianently
or at the congregation's discretion; the income derived frorn the endowment is to be
used cither as restricted or unrestrictcd income funds depending upon the pU￿oSe
for which the endowmcnt was establ ished 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 congrcgational activity intended by the donor. Where these funds
have unspent balances, intercst 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.
DONATIONS AND LEGACIES
Recorded Giving .
Loose Collections
Donations And Gifts
Gift Aid
Legacies And Bequests
49036
1333
110
11146
500
15083
9421
10476
2146
64119
10754
10586
13292
500
66498
12101
7599
12725
62125
37126
99251
98923
PAGE 3

SECOND LIMAVADY PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31st December 2024
CHARITABLE ACTIVITIES
Income from Charitable
Activities
Fees from Weddings and
Funerals
Grants
5268
5268
3400
5268
5268
3400
OTHER TRADING ACTIVITIES
Fundraising Events
Letting Of Premises
Trading Income
508
5353
5009
5517
5353
5018
6080
5861
5009
10870
1098
IIYVESTMENT INCOME
Deposit Interest
General Investm¢nt Fund
Property Rents
Other Investment Income
220
27
247
238
529
472
1001
754
749
499
1248
992
PAGE 4

SECOND LIMAVADY PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31st December 2024
OTHER INCOME
Proceeds on sale of fixed assets
and investments
Insurance Claims
Myroe Presbyterian Church
Other Income
1417
380
205
1622
380
5857
990
1797
205
2002
6847
RAISING FUNDS
FWO F.nvelopes
Fundraising Events
730
291
80
1021
80
980
4833
730
371
1101
5813
CHARITABLE ACTIVITIES
General Assembly Assessmcnts
Presbytery Fees
Ministy and Support Staff Costs
Utilities
Insurances
Congregational Running Expenses
Repair & Maintenance
Organisations Running Expenses
Donations to Missions and
Charities
Governance Costs
13314
404
46253
8679
3882
5024
13314
404
46253
8679
3882
5472
10759
14581
12774
408
44069
8048
3577
4867
25131
9365
448
10759
14581
100
13477
3726
13577
3726
14075
3984
77656
42991
120647
126298
PAGE 5

SECOND LIMAVADY PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31st December 2024
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 £5323269 at
the last renewal date 31 st October 2024.
11.
INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
2024
2023
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 2024
10.
FUND BALANCES
(i)
Unrestricted Funds
?0?4
?023
General Fund
General Fund (Bequest)
39521
?8506
42765
?8006
68027
70771
(11)
Restricted Funds
2024
20?3
Property Fund
Property Fund (Bequest)
Missions And Charities Fund
Sunday School
Catering Fund
McKay Trust
Flower Fund
Open Door Cafe & Fellowship Lunch
Music Group
Presbyterian Women
Boys Brigade
Girls Brigade
Parent & Toddler
Choir
Bowling Club
Bits & Bobs Craft Group
Ladies Afternoon Bowls
27184
13220
29573
13?20
501
495
120
54
72
572
?710
2281
914
88
1596
470
120
58
72
393
1142
2275
828
88
1384
499
49782
50147
(111)
Endowment Funds
2024
?023
General Fund
Property Fund
Sunday School
McKay Trust
Endowments for Others
11330
1?888
3385
1043
?461
11330
12888
3385
1043
2461
31107
31107
PAGE 7

SECOND LIMAVADY PRESBYTERIAN CHURCH
A CongregatRon of the Presbyterian Church in Ireland
NOTES TO THE ACCOUNTS (cont'd)
31st December 2024
10.
FUND BALANCES
(Iv)
Reconciliation OF MOVEMENT OF FUNDS
Unrestricted Funds
Balance
at Start
Income
Expend.
Gains/ Transfer Balance
Losses
at End
General Fund
Gcneral Fund (Bequest)
42765
28006
70032
500
78386
5110
39521
28506
70771
70532
78386
5110
68027
Restricted Funds
Property Fund
Property Fund (Bcquest)
Missions And ChdritiLs 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
29573
13220
7661
11050
1000
27184
13220
9712
176
1650
23
9712
181
267
495
-1377
-23
501
120
58
72
393
1142
2275
828
88
1384
499
120
54
72
572
2710
2281
914
88
1596
470
9375
6164
-3215
2547
7183
7552
913
2168
5315
7346
827
-200
-300
-200
1158
157
246
86
-700
-100
50147
48107
43362
-5110
49782
Endowment Funds
Gencral Fund
Property Fund
Sunday School
McKay Trust
Endowments for Others
11330
12888
3385
1043
2461
11330
12888
3385
1043
2461
31107
31107
TOTAL
152025 118639 121748
148916
PAGE 8

SECOND LIMAVADY PRESBYTERIAN CHURCH
A Congregation of the Presbyterian Church in Ireland
Fund Balances
2024
2023
Cash in Hand
207
154
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
90,244 95,370
Presbyterian Women Bank Account
515
393
Boys Brigade Bank Account
2,710
1,142
Girls Brigade Bank Account
2,281
2,275
Parent & Toddler Group Bank Account
914
829
Bowling Club Bank Account
1,596
1,384
Bits & Bobs Craft Group Bank Account
470
499
Choir Account
64
Current Accounts
98,794 101,956
Total
148,916 152,025