Dunseverick Parish Church Financial Statements for the year ended 31st December 2024 Raglstered with the Charity Commlssion for Northern Iroland NIC 101976
DUNSEVERICK PARISH CHURCH STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024 Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2023 2024 Cash Funds Current Accounts 7,099 93,740 100,839 102,585 Total Cash Funds 7,099 93,740 100,839 102,585 Totsl 2024 Total 2023 Investment Assets Investments in RCBICIT Unit Trusts 30,829 30,232 Total Investment Assets 30,829 30,232
UUNètvtKILK PARISH CHURCH Notes to the Accounts~ Year Ended 31 Decembor 2024 Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts 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 Liabilitie8 (a) Assets retained for the Parish's own use The assets of the Parish, retained for its own use compri8e of four church buildings and the graveyard. The church buildings and graveyard are deemed to be Heritage assels as defined by the Charities SORP (FRS 102). These heritage assets are not included in the statement of assets and liabilities as infonnation on the cost or valuation is not available and such information cannot be obtained as a cost commensurate with the benefrt to the users of the accounts and the parish. (b) Investments Fixed asset investments comprising investments in RC81CIT Unit Trusts are initially recorded at cost and then subsequently stated at fair value at each yearend date. 3 Reconcillation of Cash Funds Total Cash Funds at 1 Janua Recei ts for the Year Pa ments for the Year Toldl Cash Funds at 31 December 2024 2024 42,215 (43,960 100.839
DUNSEVERICK PARISH CHURCH Notss to the Accounts Continued - Year Ended 31 December 2024 4 Movemènt In Funds At 1 January 2024 Incoming Resources Outgoing Resources Transfers At31 December 2024 Restrlcted Funds Buildin Fund 91,767 2,093 120 93,740 120 Unrès Funds General Fund 10,817 40,122 43,840 7,099 Total Funds 102 584 100 839 Pur ose of the Restricted Funds The Building Fund is to assist with major maintenance projects for the church. 5 Donatlons to Thlrd Parties 2024 2023 Donat5on8 to Third Partle8 1,840 This is donalions paid from church funds to third parties, as approved by the Truslees. 6 Transactlons with Trustses One of the trustees, the minister of the church, Reverend P Barton received a stipend of £14,321. No other trustees received any remuneration or reimbursement of expenses during the year.
UUNJtvtKIGK VAKlbH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Re8trlcted Funds Fund8 2024 2024 Total 2024 Total 2023 Note RECEIPTS Donations and plate collections Investment Income Other Receipts Total Recolpts 30,395 17 8,428 38,840 695 2,681 31,090 2,697 8,428 42,216 30,168 2,140 11,055 43.363 3,376 PAYMENTS Wages and Salaries Diocesan Costs Church running costs Adminstration costs Sundries 14,321 6,671 18,833 982 506 14,321 6,671 18,833 982 3,154 14,456 7,103 24,916 535 2,933 2,648 Totsl Payments 41,313 43.961 49,943 By Balancè - Sury>lus IDefi¢tt) -2,473 728 ,580 On behalf of th8 Truste8S Rev Patrick Barton Jim Wilkinson 20th March 2025