## **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|