2021-12-31-annual-return

LIMAVADY REFORMED PRESBYTERIAN CHURCH

CHARITY ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Charity Number: 106379

LIMAVADY REFORMED PRESBYTERIAN CHURCH

CONTENTS

	Page	Page
Charity information	1
Independent examiner's report	3
Statement of receipts and payments	4
Statement of assets and liabilities	5
Notes to the accounts	6 -	7

1

LIMAVADY REFORMED PRESBYTERIAN CHURCH

INFORMATION

Charity Name Limavady Reformed Presbyterian Church Charity Number 106379 Trustees Rev Raymond Alexander Blair Mr Brian Raymond Dunwoody Mr Irwin Walter Samuel Lockington Mr Thomas William Neville Kerr Mr John Wilson McCollum Mr Marcus McCollum Bankers Danske Bank 46 Catherine Street Limavady Co Londonderry BT49 9DH Independent Examiner Arthur McFarland W S Sterritt & Co Chartered Certified Accountants Carton House 15 Ebrington Terrace Londonderry BT47 6JS

3

LIMAVADY REFORMED PRESBYTERIAN CHURCH

Independent Examiner's Report to the Trustees of Limavady Reformed Presbyterian Church

I report on the accounts for the year ended 31 December 2021 which are set out on pages 4 to 7.

Respective responsibilities of the Trustees and Independent Examiner

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.

It is my responsibility to:

examine the accounts under Section 65 of the Charities Act;

to follow the procedures laid down in the general directions given by the Charity Commission under Section 65 (9)(b) of the Charities Act;

state whether particular matters have come to my attention.

Basis of Independent Examiner's Statement

I have examined your charity accounts as required under section 65 of the Charities Act and an examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

My 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 considerations of any unusual items or disclosures in the accounts, and seeking explanation from you as charity members concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

1. That the accounting records were not kept in accordance with section 63 of the Charities Act.

2. That the accounts did not accord with the accounting records.

3. 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.

I have completed my examination and have no concerns in respect of matters 1-4 listed above and, in connection with the following Directions of the Charity Commission Northern Ireland; I have found no matters that require drawing your attention.

Arthur McFarland FCCA W. S. Sterritt & Co Chartered Certified Accountant Carton House 15 Ebrington Terrace Londonderry BT47 6JS

Date: 30 August 2022

4

LIMAVADY REFORMED PRESBYTERIAN CHURCH

Statement of Receipts and Payments Year ended 31 December 2021

Note Receipts Donations and legacies 2 Charitable activities 3 Investment Income 4 Payments Cost of fundraising 5 Cost of charitable activities 6 Donations to Missions etc. Governance costs Administration costs Asset and investment purchase Purchase of equipment Total payments Net receipts/(payments) Transfers to/(from) funds Surplus/(deficit) for the year Reconciliation 31/12/2021 Cash at bank & in hand 31/12/2020 Surplus/(deficit) for the year Cash at bank & in hand 31/12/2021	Unrestricted Restricted Total Funds Funds 2021 £ £ £ 79,105 13,685 92,790 366 0 366 395 0 395 79,866 13,685 93,551 301 0 301 47,582 9,977 57,559 35,127 20,993 56,120 0 0 0 1,582 0 1,582 4,308 0 4,308 88,900 30,970 119,870 (9,034) (17,285) (26,319) (17,689) 17,689 0 (26,723) 404 (26,319) 168,111 15,309 183,420 (26,723) 404 (26,319) 141,388 15,713 157,101	Total 2020 £ 89,674 4,656 750
		95,080
		280 63,578 66,070 0 1,074 0
		131,002
		(35,922)
		0
		(35,922)
		219,342 (35,922)
		183,420

5

LIMAVADY REFORMED PRESBYTERIAN CHURCH

Statement of Assets and Liabilities Year ended 31 December 2021

Note Funds Reconciliation Cash at bank & in hand 31/12/2020 Surplus/(deficit) for the year Cash at bank & in hand 31/12/2021 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Other Assets Fixed Assets 7 Investments Liabilities (Unrestricted Fund) Accountancy	Unrestricted Restricted Funds Funds £ £ 168,111 15,309 (26,723) 404	Total Total 2021 2020 £ £ 183,420 219,342 (26,319) (35,922) 157,101 183,420 41,772 41,419 115,329 142,001 157,101 183,420 825 727 1,440 1,080 1,440 1,080
	141,388 15,713

Approved by the trustees on 30 August 2022 and signed on their behalf by:

---

6

LIMAVADY REFORMED PRESBYTERIAN CHURCH Notes to the Accounts Year ended 31 December 2021

1. ACCOUNTING POLICIES

Basis of Financial Statements

As the total income of the congregation is less than £250,000 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 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.

2. Donations and Legacies Freewill Offering Loose collections Special collections Gift Aid Legacies & bequests 3. Receipts from Charitable Activities Loans repaid by members Church history book sales General income 4. Investment Income Bank interest Franked Investment income 5. Cost of Fundraising FWO envelopes	Unrestricted Restricted Total Funds Funds 2021 £ £ £ 64,087 0 64,087 540 0 540 0 12,525 12,525 14,478 1,160 15,638 0 0 0 79,105 13,685 92,790 0 0 0 366 0 366 0 0 0 366 0 366 356 0 356 39 0 39 395 0 395 301 0 301 301 0 301	Total 2020 £ 66,268 1,372 5,171 16,863 0
		89,674
		4,300 356 0
		4,656
		714 36
		750
		280
		280

7

LIMAVADY REFORMED PRESBYTERIAN CHURCH Notes to the Accounts Year ended 31 December 2021

6. Cost of Charitable Activities Synodical target Minister salary and expenses Church & Manse running expenses Praise service Youth work Friendship group Church history booklets	Unrestricted Restricted Total Funds Funds 2021 £ £ £ 0 9,977 9,977 33,286 0 33,286 13,633 0 13,633 0 0 0 0 0 0 663 0 663 0 0 0 47,582 9,977 57,559	Total 2020 £ 9,510 30,902 20,764 137 315 0 1,950
		63,578

7. Fixed Assets

The congregation owns the Church premises and Hall at Greystone Road, Drumrane, Limavady, the manse at Rathmore Road, Limavady for the minister and the associated fixtures, fittings and equipment. These have an insurance value of £2,307,368.

8. Fund Balances

Fund Unrestricted Funds General Fund Restricted Funds Building Fund Synodical Missions Butterfly Homes Relief Fund Appeal Total	Balance at Receipts Payments Transfers 1/1/2021 £ £ £ £ 168,111 79,866 (88,900) (17,689) 15,309 404 0 0 0 2,489 (9,977) 7,488 0 4,992 (9,993) 5,001 0 2,950 (3,000) 50 0 2,850 (8,000) 5,150 15,309 13,685 (30,970) 17,689 183,420 93,551 (119,870) 0	Balance at 31/12/2021 £
		141,388
		15,713 0 0 0 0
		15,713
		157,101