|**LARGY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND**|**LARGY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND**|**LARGY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND**|**LARGY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND**|**LARGY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND**|**LARGY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND**|**LARGY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND**|**LARGY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND**||||
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|**RECEIPTS AND PAYMENTS ACCOUNT**|||||||||||
|**FOR THE YEAR ENDED 31ST DECEMBER 2025**|||||||||||
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||||||**Notes**|**Unrestricted**|**Restricted **|**Endowment funds**|**Total**|**Total**|
|||||||**2025**|**2025**|**2025**|**2025**|**2024**|
|||||||**£**|**£**|**£**|**£**|**£**|
|**Income**|||||||||||
||||||||||||
|Freewill offerings,donations andplate collections||||||38,580.40|4,904.00|-|43,484.40|41,870.60|
|Legacies||||||-|-|-|-|5,000.00|
|Gift Aid Refund||||||4,817.08|1,817.30|-|6,634.38|7,715.48|
|CharityAppeals - Special Collections|||||**2**|-|5,044.50|-|5,044.50|5,707.34|
|Income from land andproperty||||||5,247.69|2,467.50|-|7,715.19|2,102.28|
|Graves||||||150.00|-|-|150.00|50.00|
|Fundraisingincome||||||2,988.00|-|-|2,988.00|4,914.65|
|Receipts from SundaySchool and Children's Church||||||-|1,127.67|-|1,127.67|1,161.85|
|SundryIncome||||||180.00|1,205.00|-|1,385.00|938.00|
|Investment income||||||-|623.04|-|623.04|793.14|
|Receipts from Church's Organisations||||||-|2,517.06|-|2,517.06|4,025.63|
|**Total Income**||||||51,963.17|19,706.07|-|71,669.24|74,278.97|
||||||||||||
|**Expenditure**|||||||||||
||||||||||||
|General AssemblyAssessments||||||3,303.50|-|-|3,303.50|3,889.00|
|Minister's Expenses||||||28,191.00|2,467.50|-|30,658.50|29,972.50|
|Organists and supplyministers||||||525.00|-|-|525.00|929.00|
|Church Expenses
Maintenance Manse||||||6,064.81
765.75|480.50
3,445.68
|-
-|6,545.31
4,211.43|7,691.08
4,005.44|
|CharityAppeals -|||||||||||
||Donations from Special Collections||||**2**|-|5,737.75
|-|5,737.75|6,206.14|
||Donation from Mission Support||||**3**||100.00|-|100.00|393.00|
||Donations from General funds||||**3**|984.25|-|-|984.25|801.36|
|Rentedproperty: expenses
Payments from SundaySchool and Children's Church||||||989.71
-|13,758.63
1,030.54|-
-|14,748.34
1,030.54|2,815.08
757.40|
|Graveyard upkeep||||||2,100.00|-|-|2,100.00|2,100.00|
|Payments from Church's Organisations||||||-|3,578.21|-|3,578.21|3,379.17|
|Sundries||||||4,536.46|979.56|-|5,516.02|3,523.75|
|**Total Expenditure**||||||47,460.48|31,578.37|-|79,038.85|66,462.92|
||||||||||||
|**Excess of Income over Expenditure**||||||4,502.69|11,872.30
-|-|7,369.61
-|7,816.05|
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|On behalf of the Trustees|||||||||||
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Rev Dr Clive Glass (Minister) 30/4/2026
Mr Jim Donaghy (Clerk of Session) 30/4/2026
## **LARGY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND**
## **STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2025**
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Unrestricted RestrictedEndowment Total Total
Note Funds Funds Funds Funds Funds
2025 2025 2025 2025 2024
£ £
Fixed Assets 1,913,846.94 - - 1,913,846.94 1,913,846.94
Funds
Current accounts 4,278.11 7,104.71 11,382.82 12,155.40
Deposit accounts 15,114.24 32,022.54 - 47,136.78 52,877.04
Cash on hand - - - - 856.77
Total funds 4 19,392.35 39,127.25 - 58,519.60 65,889.21
Total Assets less Liabilities 1,972,366.54 1,979,736.15
On behalf of the Trustees
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|Rev Dr Clive Glass|Mr Jim Donaghy|
|---|---|
|(Minister)|(Clerk of Session)|
|30/4/2026|30/4/2026|
## **LARGY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND**
## **NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2025**
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1 Accounting Policies
The principal accounting policies applied in the preparation of the Receipts and Payments Account and the Statement of Assets and Liabilities are as follows:
(a) Receipts and Payments Account
All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis.
(b) 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.
(c) Statement of Assets and Liabilities
Fixed Assets
The congregation owns the following assets:
The Church and Church Hall premises situated at Drumrane Road, Limavady, BT49 9LQ, and the associated fixtures and fittings. These have an insurance value
of £1,521,755.72
The Sexton's house situated at 122 Drumrane Road, Limavady. This has an insurance value of £192,091.22
Car park situated at Drumrane Road, Limavady. The Trustees have valued this at £40,000.
11.75 acres of land located at Largy Road, Limavady. The Trustees have valued this at £120,000.
Land and partly built Manse located at Largy Road, Limavady. The Trustees have valued this at £40,000.
2 Special Collections
Collections Gift aid Payments
£ £
United Appeal 3,670.00 517.00 4,187.00
Temporary Missionaries 70.00 - 70.00
World Development Appeal 380.00 107.50 475.00
Africare 240.00 66.25 300.00
Leprosy Mission 528.00 21.25 549.25
Royal British Legion 156.50 - 156.50
Children's Cancer
5,044.50 712.00 5,737.75
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3 Donations paid from General Funds and Mission Support Account
Temporary Missionaries 230.00
Release International 100.00
Presbyterian Orphans' & Children's Society 300.00
Orphans of Ministers 300.00
Leprosy Mission 110.75
Royal British Legion 43.50
1,084.25
4 Movement in funds
At 1st Jan Incoming Outgoing Transfers At 31st Dec
2025 Resources Resources 2025
Restricted funds
General fund 0.00 6,778.25 - 6,207.75 - 570.50 -
Repair fund 33,625.98 6,125.29 -17,646.85 3,535.60 25,640.02
Manse Property Account 1,121.00 2,467.50 -2,660.02 - 928.48
Mission Support fund 4,098.08 690.30 -455.00 255.00 4,588.38
Midweek Fellowship fund 1,036.35 781.75 -1,150.00 - 668.10
Choir fund 3,394.41 50.13 -300.00 - 3,144.54
Senior Citizens' fund 144.71 440.00 -480.83 - 103.88
Presbyterian Women 1,169.15 1,245.18 -1,647.38 - 766.95
Sunday School and Children's Church 3,189.77 1,127.67 -1,030.54 - 3,286.90
47,779.45 19,706.07 -31,578.37 3,220.10 39,127.25
Unrestricted funds
General fund 18,109.76 51,963.17 - 47,460.48 - 3,220.10 19,392.35
Total funds 65,889.21 71,669.24 - 79,038.85 - 58,519.60
5 Governance costs
Governance costs of £200 were incurred during the year of which £200 relates to fees paid to the
independent examiner. These are included in Sundry expenses.
6 Transactions with the Trustees
The Church paid expenses of £4,211.43 relating to the running costs of the Manse which is occupied by
the Minister (2024-£4,005.44)
No other Trustee received any remuneration or payments.
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