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.