DUN IVEN TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NUMBER: NIC 103099
DUNGIVEN CHURCH TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Notes Unrestrieted Restrieted Endowment funds funds 2025 2025 Total tundj 2025 Total ruiidJ 2024 lunds 2025 Recei Rental income Investment income 2,510 3,132 2,510 3,132 1,920 2,975 4.895 Total receipts Property expenses Administrative expenses Donations 563 647 3,868 563 647 543 764 3.504 Total payments 5,078 4,811 Net receIp{payments) 564 564 84 Funds balance at l Aprll 2024 172,494 172 494 172.410 Funds balance at 31 Mareh 2025 173,058 173 058 172.494 Page 3
DUNGIVEN CH H TRUST STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2025 Unrestrleted Re5trlcted Endoivment funds funds fund5 Total funds TOIAI funds 2025 2025 2025 2025 2024 FIXED ASSETS 45,000 45,000 45,000 INVESTMENTS 150,000 150,000 150,000 CASH FUNDS 23,058 23,OS8 22,494 TOTAL ASSETS 218,058 218,058 217.494 LIABILITIES TOTAL ASSETS LESS LIABILITIES 218,058 218,058 217,494 The accounts were approved by the Trustees on LS-6-L¢JZ On behalf of the Trustees Graham Semple (Chainnan) Charity number.. NIC 103099 Page 4
DUNGIVEN CHURCH TRUST NOTES TO THE ACCOUNTS l. Aeeounting policies The following accounting policies have been adopted in the compilation of th¢ Receipts and Payments Account and the Statement of Assets and Liabilities. (a) Receipts and Payments Aeeount-Basis of preparatlon All items of income and expenditure included within the ReIptS and Payments Account have been accounted for on a cash receipts basis. (b) Going coneern 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 foresccable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. (c) Fund gccounting Unrestricted funds are availabl¢ 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 pury)ose. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. (d) Statement of A55ets and Liabililies 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 wst. 2. Property expenses 2025 2024 Insurance Rates 291 272 563 285 258 543 3. Admlnlstratlve expenses 2025 2024 Legal and professional Legal Entity Identifier Trustees, Insurance Bank fees 384 384 168 95 647 168 95 764 4. Donations to Churches 2025 2024 Dungiven Parish Dungiven Presbyterian Banagher Parish Bovevagh Parish Bovevagh Presbyterian 2,408 365 365 365 365 3.868 2,324 295 295 295 295 3,504 Page 5
DUNGIVEN CHURCH TRUST NOTE.S TO THE ACCOUNTS 5. Land 2025 2024 45,000 At valuation 45,000 Investments 2025 2024 M&G Investments at cost 150,000 150,000 Market value at year end 154,617 150,133 Page 6.