DUNGIVEN CHURCH TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHARITY NUMBER: NIC 103099
DUNGIVEN CHURCH TRUST CONTENTS Page Trustees, report Independent examiner's report Receipts and Payments Account Statement of Assets and Liabilities Notes to Accounts
DL'NGIVEN CHURCH TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Notes Unrestricted Restricted Endowment funds funds funds 2024 2024 2024 Total funds 2024 Total funds 2023 Recei Rental income Investment income Total receipts 1,920 2,975 4,895 1,920 2,975 4,895 1,920 2,884 4,804 Pa ments Property expenses Administrative expenses Donations 543 764 3,504 543 764 3,504 627 693 3,627 Total payments 4,811 4,811 4,947 Net receipts/(payments) 84 84 (143) Funds balance at l April 2023 172,410 172,410 172,553 Funds balance at 31 March 2024 172.494 172,494 172.410 Page 3
DUNGIVEN CHURCH TRUST STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2024 Unrestricted Restricted Endowment funds funds funds 2024 2024 2024 Total funds 2024 Total funds 2023 FIXED ASSETS 45,000 45,000 45,000 INVESTMENTS 150,000 150,000 150,000 CASH FUNDS 22,494 22,494 22,410 TOTAL ASSETS 217,494 217,494 217,410 LIABILITIES TOTAL ASSETS LESS LIABILITIES 217,494 217,494 217,410 The accounts were approved by the Trustees on 22/07/2024 On behalf of the Trustees Graham Semple (Chairman) Charity number: NIC 103099 Page 4
DUNGIVEN CHURCH TRUST NOTES TO THE ACCOUNTS Accounting policies The following accounting policies have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities. (a) Receipts and Payments Account -Basis of preparation All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. (b) Going concern At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. (c) Fund accounting Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity. Designated funds are unrestricted funds which the trustees have decided at their discretion to set aside for a specific purpose. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. (d) Statement of Assets and Liabilities The land at Main Street, Dungiven has been valued by the Trustees at a value which they would expect to secure if sold on the open market. Investments are stated at cost. Property expenses 2024 2023 Insurance Rates 285 258 543 293 334 627 3. Administrative expenses 2024 2023 Legal and professional Legal Entity Identifier Trustees, Insurance Bank fees 384 117 168 95 764 360 78 168 87 693 Donations to Churches 2024 2023 Dungiven Parish Dungiven Presbyterian Banagher Parish Bovevagh Parish Bovevagh Presbyterian 2,324 295 295 295 295 3,504 2,467 290 290 290 290 3,627 Page 5
DUNGIVEN CHURCH TRUST NOTES TO THE ACCOUNTS 5. Land 2024 2023 At valuation 45,000 45,000 Investments 2024 2023 M&G Investments at cost 150,000 150,000 Market value at year end 150,133 146,650 Page 6.