Dunseverick Parish Church Financial Statements for the year ended 31st December 2022 Registered with the Charity Commission for Northern Ireland NIC 101976 DUNSEVERICK PARISH CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Restricted Funds Funds 2022 2022 Total 2022 Total 2021 Note RECEIPTS Donations and plate collections Bank Interest Investment Income Other Receipts Total Receipts 24,864 1,542 76 799 50 26,406 110 799 8,471 35,785 23,912 45 777 8,533 33,267 8,421 33,319 2,466 PAYMENTS Wages and Salaries Diocesan Costs Church running costs Adminstration costs Sundries 11,570 7,730 10,044 333 142 11,570 7,730 10,044 333 1,344 13,927 6,576 5,622 748 1,364 1,202 Total Payments 29,819 1,202 31,021 28,237 By Balance - Surplus (Deficit) 3,500 1,264 4,764 5,030 On behalf of the Trustees Rev Patrick Barton Jim Wilkinson 2nd March 2023 DUNSEVERICK PARISH CHURCH STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022 Unrestricted Funds 2022 Restricted Funds 2022 Total Funds 2021 2022 Cash Funds Current Accounts 20,073 89,092 109,165 104,401 Totsl Cash Funds 20,073 89,092 109,165 104,401 Total 2022 Total 2021 Investment Assets Investments in RCBICIT Unit Trusts 29,736 31,613 Total Investment Assets 29,736 31,613 DUNSEVERICK PARISH CHURCH Notes to the Accounts- Year Ended 31 December 2022 Set out below are the principal accounting policies which have been adopted in the compilation of the Re￿iptS and Payments Account and the Statement of Assets and Liabilities. Receipts and Payments Account All items of oncome and expenditure included in the Receipts and Payments Account have been accounted for on a cash receipt basis. Statement of Assets and Liabilities (a) Assets retained for the Parish's own use The assets of the Parish, retained for its own use comprise of four church buildings and the graveyard. The church buildings and graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS 102). These heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained as a cost commensurate with the benefit to the users of the accounts and the parish. (b) Investments Fixed asset investments comprising investments in RCBICIT Unit Trusts are initially recorded at cost and then subsequently stated at fair value at each yearend date. 3 Reconciliation of Cash Funds Total Cash Funds at 1 Janua Recei ts for the Year Pa ments for the Year Total Cash Funds at 31 December 2022 2022 104,401 35,785 31,021 109,165 DUNSEVERICK PARISH CHURCH Notes to the Accounts Continued - Year Ended 31 December 2021 4 Movement in Funds At 1 January 2021 Incoming Resources Outgoing Resources Transfers At31 December 2021 Restricted Funds Buildin 88,086 1,125 120 89,091 120 Unrestricted Funds General Fund 16,315 34,660 30,901 20,074 Total Funds 104 401 Pur ose of the Restricted Funds The Building Fund is to assist with major maintenance projects for the church. 5 Donations to Third Parties 2022 Donations to Third Parties 882 895 This is donations paid from church funds to third parties, as approved by the Trustees. 6 Transactions with Trustees One of the trustees, the minister of the church, Reverend P Barton received a stipend of £11570. No other trustees received any remuneration or reimbursement of expenses during the year.