Riverside Reformed Presbyterian Church Trustees, Annual report and Statement of Receipts and Payments and Assets and Liabilities for the year ended 31 December 2022 Charities Number- NIC 106258 Wylie Ruddell Riverside Reformed Presbyterian Church Annual report and financial statements for the year ended 31 December 2022 Contents Pages References and administrative details of the Charity Trustees, report Independent examiner's report to the Trustees Receipts and payment5 account Statement of assets and liabilities Notes to the financial statements Riverside Reformed Presbyterian Church References and administrative details Charity Name: Riverside Reformed Presbyterian Church Charity Registration Number: NIC 106258 Contact Address: Riverside Reformed Presbyterian Church /. Mr Rodney Murphy (Clerk of Session) 20 Clogharevan Road Bessbrook Newry Co Down BT35 7BH Trustees Rev N igel Agnew MrAlex Lyons Mr Clifford Watt Dr Noel Mccune Mr Drew Murphy Mr Rodney Murphy Independent Examiner Wylie Ruddell Chartered Accountants & Statutory Auditors Unit 63 Armagh Business Centre 2 Loughgall Road Armagh BT617NH Bankers Danske Bank Hill Street Newry Solicitors D & E Fisher Unit A 8 Trevor Hill BT34 IDN Riverside Reformed Presbyterian Church Trustees, Annual Report for the year ended 31 December 2022 Introduction Thi5 document is the annual report for Riverside Reformed Presbyterian Church, Northern Ireland Charity Number NIC106258. This report relates to the calendar year 2022. Purpose The charitable purpose of the congregation is the advancement of religion. Riverside Reformed Presbyterian Church is a congregation of the Reformed Presbyterian Church of Ireland. The Reformed Presbyterian Church of I￿land exists to honour and worship God and to share the good news of Jesus Christ His Son. Structure Session The charitytrustees of the congregation are the members of the Session, which consists of the minister and ruling elders of the congregation. In case of vacancy (where a congregation has no minister), an acting minister from within the Presbytery Ilnterim Moderator) is a member of the Session, though without being a charity trustee. Elders and minister5 are chosen by a vote of all communicant members of the congregation. Election of elders, calling of ministers and transaction of Session business are carried out in accordance with the 'Code', the Book of Government and Order of the Reformed Presbyterian Church of Ireland. Wider Governance In the Presbyterian form of church government practised by the Reformed Presbyterian Church of Ireland, each local congregation belongs to a Presbytery. Riverside congregation belongs to the Southern Presbytery of the Reformed Presbyterian Church of Ireland. The membership of each Presbytery consists of the active and retired ministers of the Presbytery, along with a representative elderfrom each member congregation. The Presbytery is responsible forthe spiritual oversight of the congregations within its care and meets a minimum of fourtimes per year. The highest court of the Reformed Presbyterian Church is its Synod, which consists of the membership of all of the presbyteries of the church. The Synod meets at least annually to transact the business brought to it by its constituent presbyteries and Synodical committees. Committee The committee is responsible forthe temporal affairs of the congregation, including matters related to the finance5 and property of the church. The committee is elected each year at the annual general meeting of the congregation and are accountable to Session for their activities. Volunteers The congregation relies on the generosity of volunteers in giving their time to assist with a range of activities in the church, including work with children and young people. provision of hospitality, maintenance of the premises. Activities Public Worship Within the period covered by this report, Riverside Reformed Presbyterian Church has provided public worship services for instruction and devotion, held regularly at 11:30AM each Sunday 7:00PM 4th Sunday of month, which are open to all. A midweek meeting for Bible study, discussion, and prayer 15 also held regularly. Riverside Reformed Presbyterian Church Trustee5' Annual Report for the year ended 31 December 2022 The Lord's Supper has been observed in the past year and participation is open to all who have been baptised and who make a credible profession of saving faith in the Lord Jesus Christ. Pastoral Work The elders of the congregation provided pastoral visitation to to those unable to attend the public worship through age or ill-health. Denominational Activity Representatives of the church Session attended Presbytery meetings regularly, and the annual denominational Synod. Contributions were made to central Synodical funds for general expenses {such as training of ministers and youth workl. Outreach and Mission As noted above, nationwide and oversea5 mission work was supported financially through contributions to denominational funds (Reformed Presbyterian Missions). Youth Work Instruction of children and young people in Sunday School. New Youth a joint youth group with Newry Baptist Church meets every other Saturday night for Bible teaching and fun. Public Benefit Riverside Reformed Presbyterian Church meets the public benefit requirement by providing a place for worship (through weekly services of worship and other meetings), by increasing awareness and understanding of religious beliefs {through public preaching from the Holy Scriptures, literature distribution, pastoral counselling and youth workl, and by engaging in and supporting missionary and outreach work, both in the Newry area and overseas. The work of the church in fulfillment of its purpose does not lead to harm. The only private benefit is for Ministers and others who may receive benefit as a result of their employment. Such benefit 15 incidental to the work and purpose of the congregation. The Charity Trustees have had regard to the Public Benefit to the Charity Commission's Public Benefit statutory guidance. Financial Situation The primary source of income 15 mostly memberfs weekly contributions. Gift Aid is sought for the relevant funds. In 2022 donations amounted to £33,507. The congregation has drawn on some capital which had been invested in previous years to meet the cost of charitable activities and incidental costs. Statement of Trustees Responsibilities The Trustees are responsible for preparing the annual report and the financial statements of the congregation in accordance with applicable law and generally accepted accounting practice. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the congregation's transactions and disc105e with reasonable accuracy at any time its financial position. They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Riverside Reformed Presbyterian Church Trustees, Annual Report for the year ended 31 December 2022 As the congregation's income does not exceed £250,000, the Trustees have elected under Section 64131 of the Charities Act (Northern Ireland) 2008 to prepare a receipts and payments account and a statement of assets and liabilities. The Church constitution is a historical document and contains a clause that the annual accounts should be audited. A motion has been passed at the June 2019 Synod that the wording of this clause will be changed at the June 2020 Synod. On this basis, and with the approval of the Charity Commission Nl that the governing document is being revised, no audit has been carried out and an Independent Examination has been undertaken instead. th Approved by the Session at a meeting on 14 November 2023 and signed on its behalf bv: Rodney Clerk of sessi hy Rev Nigel Agnew Trustee Riverside Reformed Presbyterian Church Independent examinerfs report to the Charity Trustees We report on the accounts Riverside Reformed Presbyterian Church for the year ended 31 December 2022, which are appended. Respective responsibilities of Charity Trustees and examiner The Charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is our responsibility as Independent Examiner to: Examine the accounts under section 65 of the Charities Act. Follow the procedures laid down in the general Directions given by the Commission under section 65(9llb) of the Charities Act. State whether particular matters have come to our attention. Basis of Independent examinels report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65191{b) of the Charities Act. Our examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity Trustees concerning any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act. 2. That the accounts do not accord with those accounting records. 3. That the accounts do not comply with the accounting requirements of the Charities Act. 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement We have completed our examination and have no concerns in respect of the matters11) to141 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. pl1￿ D Ruddell For and on behalf of Wylie Ruddell Chartered Accountants and Statutory Auditors Unit 63 Armagh Business Centre 2 Loughgall Road Armagh BT617NH th Date: 14 November 2023 Riverside Reformed Presbyterian Church Charity number: NIC 106258 Statement of Assets and Liabiltties as at 31 December 2022 2022 2021 Bank and cash balances General Bank Account 10,151 1,125 30,075 41,351 14,988 io Women's Mission Account Trustees Account 78 Total cash at bank 15,076 Investment Assets Opening balance Transfer from trustees account 558,054 525,639 11,000 112,0001 33,415 558,054 Transfer to current account {12,000) {56,455} 489,599 ILossl/Gain on investment fund Total Investment Assets Fixed Assets Assets retained for the church's own use comprise the following properties and are stated at insured values - Manse 206,288 1,856.594 206,288 Church Buildings and Contents and Graveyard Total Fixed Assets 1.650.306 2,062,882 1,856,594 Approved by session at its meeting of 14th November 2023 Chair- Rev Nigel Agnew Trustee- eymu Riverside Reformed Presbyterian Church Notes to the financial statements for the year ended 31 December 2022 Accounting policies Set out below are principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities. la) 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) Statement of Assets and Liabilities (i) Assets retained for the Church's own use The congregation own the church building and adjoining church hall and contents at Basin Walk, Newry, and a Graveyard at Church Road, Newry. These premises and contents have an insurance valuation of £1,856,594. The congregation own the manse and contents at 26 Castleowen, Newry. These premises and contents have an insurance valuation of £206,288 Valuation of Tilney Investments: £489,599 (c) 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. Restritted funds comprise {a} income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donations or grants for a specific congregational activity intended by the donor. 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 a specific use in the future. Donations Unrestricted Restricted Funds Funds 202Z 2022 Unrestricted Funds 2021 Restrirted Funds 2021 Total 2022 Total 2021 Freewill offering Missions and synodicals Building and repairs Special collections Other collections 31,716 31,716 1,275 31,303 31.303 1,275 2.875 2.875 1.791 33,507 1,791 34.782 2,110 33,413 2,110 36,288 Total 1,275 2,875 Riverside Reformed Presbyterian Church Notes to the financial statements for the year ended 31 December 2022 Charitable activities Unrestricted Restricted Funds Funds 2022 2022 Unrestricted Funds 2021 Restricted Funds 2021 Total 2022 Total 2021 Ministerial expenses Premises expense5 Admin expenses Mission and synod expenses Special collections Other expenses Total 34,844 15,668 34,844 15,668 34,304 7,603 34,304 10,233 2,630 4.000 4.000 2,048 56.560 2.048 56,560 729 729 42,636 2,630 45,266 Reconciliation of Cash Funds Total Cash Funds at Beginning of the year Receipts for the year Payments for the year Transfer from Investment Assets 15.076 92,689 {78,4141 12,000 Total Cash Funds at end of the year 41,351 Trustee/Related Party Transactions Included within "Ministerial expenses" at note 3 is the annual salary paid to Rev Nigel Agnew who is also a church trustee.